Need help in investing 1.5 Lakh per month and plan parents retirement
Hi All, Need help in investments. I have very less finance literacy.
- I can invest 1.5 Lakh INR in Savings. (After everything, EMI etc)
- My parents invested all of their money in my Education. So all they have no savings.
- I have 30 Lakhs loan pending for the flat I got them. (Rest amount was paid by them)
- The Flat as of now generate 11000 INR per month. I give 35000 INR EMI.
As of now I am doing a monthly FD of 1 Lakh INR and 50000 in Mutual funds.
What I want is, after my parents retire in next 6 years, I want them to have atleast have 60000 INR per month. Thats all. I also want to save money.
Can someone help me in understanding where I am heading towards and what changes I can do. It would be really really helpful.
u/Separate_Musician866 — 4 days ago