u/herobrine_loves_p

Need help never invested before(student) and I dont want to end up wasting so much money (some part already gone want to fix things before too late)

So basically, I'm not that much into investment, but I recently got an internship from which I got around 15,000 rupees, and I want to keep this amount in a place like a one-time thing because my internship is not permanent. I want to increase my money because if it sits in my bank account, I'm going to use it. I had 15k, I've already burned through 4,000, within 8 days(lot of travelling and outside food (will reduce)), so I need help because I'm thinking that I have 11k in my bank. I'll keep 10k somewhere, invest 10k somewhere as a one-time thing, and for the rest of the month (20 days), I will manage in 1k. I'll somehow pass through that(don't ask how but i know i can). my main point is: tell me a place where I can invest or put my money where I won't use and my money grows as well. Given the fact that I won't make most probably can't make it like a monthly SIP kind of thing (probably it's like a one-time thing or irregular thing), there is a chance where I might be able to put some 2k-3k later, one month or two months later, so I should be able to do that. Best growing options?

I had GPT'ed it and it told three things->
ELSS
Lump sump in nifty50
FD
Thoughts?

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u/herobrine_loves_p — 1 day ago