r/FinancialPlanning_Ind

How everyone manages finance and investing. I’m recently married 30y and my husband 35y. No savings as of now. Suggest me investment tips to start and manage finance

Is RD and FD better option ?

Filing season last year, I did everything I was supposed to. Downloaded Form 26AS, matched TDS with Form 16, entered capital gains from my broker's tax P&L. Filed before July 31, got my acknowledgement, thought I was done.

August. Defect notice from IT department.

Turned out my AIS had an SFT-018 entry for a mutual fund redemption from a folio I'd forgotten about — an old ELSS fund I'd started in 2018, finally hit the 3-year lock-in, and later redeemed. The redemption value was about ₹85,000. I'd completely forgotten this folio existed. It wasn't in the capital gains statement my broker sent me because it was with a different AMC.

The AIS had the entry. My ITR didn't declare it. System flagged it as underreported income.

To fix it I had to file a revised return, which meant going back through the whole process, recalculating gains (purchase NAV vs redemption NAV, LTCG above ₹1L at that time), paying the shortfall tax plus interest under 234A and 234B.

What I should have done: downloaded my AIS before filing and read every SFT entry, not just the TDS entries. Form 26AS didn't have this. AIS did.

How to get your AIS: incometax.gov.in → login → AIS/TIS tab → download PDF. Password: your PAN in lowercase + date of birth in DDMMYYYY format. So if PAN is ABCDE1234F and DOB is 5 March 1985, password is abcde1234f05031985.

What to specifically look for in the SFT section:

Cross every SFT entry against your own records. If you have investments scattered across platforms, this is where the gaps show up.

July 31 is less than 4 weeks away. If you haven't looked at your AIS yet — do it before you file, not after.

Happy to answer questions if anyone has specific AIS entries they're confused about.

My father retired and recieved his GPA, gratuity, etc. He is looking to invest this money but we are not experienced enough to invest such hefty amount on our own. He is although thinking of investing in a senior citizen fund which gives around 8.2%. Id be grateful to recieve your advise. Please and thank you!!

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.

Hey everyone, just started working a few days ago and already managed to save around ₹10-15k from my first salary + side work. Feeling good about it but also completely lost on what to do next.

My dad's telling me to just put it straight into an FD, which is what he's always done and it's worked fine for him. I don't want to brush that off since it's clearly kept our family financially stable, but I also have this nagging feeling that there might be better options for someone starting out at my age, I just don't know enough to say for sure.

i have lots of doubt like, Is FD actually a bad idea for someone in their early 20s, or is it a safe starting point? What's the difference between just dumping money in an FD vs starting a SIP? Should I even be "investing" ₹10-15k or is that too small an amount to bother with? Where do people actually learn this from scratch? Every video/blog assumes I already know terms like NAV, expense ratio, asset allocation etc. Should I build an emergency fund first before thinking about any investments? Also where to set asied emergency fund amount?

Actually I don't have any idea about investment and don;t even know where to start.

I'm not trying to get rich quick or chase anything risky, just want to actually understand how money should work for someone in their first job, and build the right habits from day one instead of figuring it out the hard way later.

If you were in my shoes right now, what would be the first thing you'd do with this money?

Need to park a significant amount of funds for my parents for the next 2–3 years as they’re approaching retirement. The primary objective is capital preservation while gradually increasing equity exposure in a measured way before they start drawing from the corpus.

The strategy I’m currently considering is to park the money in an arbitrage fund initially and then set up a daily or weekly STP into a combination of Multi Asset Allocation Funds and Balanced Advantage Funds over the next couple of years.

Does this seem like a sensible approach?

A few questions:
Is arbitrage the best place to park the money before the STP, or would you consider something else?
Would you choose daily or weekly STPs, and why?
What split would you recommend between Multi Asset Allocation Funds and Balanced Advantage Funds?

Would appreciate any feedback or suggestions from those who have implemented a similar strategy.

Hi I’m in my early 20s and have 1.2 lakhs to invest monthly. Risk Appetite is High and looking to invest for long term.

Only near term expense I have is a car which I’ll purchase next year in March 10-12 lakhs. Rest everything I want to invest. Can y’all please help how should i invest this money.

Happy to answer questions we have.

Thanks

Hello r/SampleSize! 🙏

I am Nitika Kashyap, a PhD Scholar in Commerce at Banasthali Vidyapith, Rajasthan, India.

I am conducting doctoral research on the relationship between the Bhartiya tradition of Saatvik Daan (selfless giving) and personal financial planning behaviour.

✅ Eligible: Age 35–60 years, residing in North India

⏱ Time: 8–10 minutes

🔒 Completely anonymous & confidential

Survey link: https://forms.gle/nNQpux3y3jg5MGGLA

Thank you so much for your support! 🙏

Hi everyone,

I'm 21 years old and just starting my investment journey. I'm planning to invest ₹2,500 per month through Policybazaar in the Tata AIA Nifty 50 Fund.

Here are the details:

Monthly premium: ₹2,500

Premium paying term: 5 years

Policy term: 20 years

Fund: Tata AIA Nifty 50 Index Fund (ULIP)

My goal is long-term wealth creation, and I don't have any dependents right now. I chose this because it tracks the Nifty 50, but I'm not sure if buying it through a ULIP is the right decision.

I'd appreciate your opinions on:

Is this a good investment for someone my age?

Are the charges in this ULIP worth it compared to investing directly in a Nifty 50 index mutual fund?

Should I continue with this plan or consider other options before starting?

I'm looking for honest feedback, especially from people who have experience with ULIPs or long-term index investing.

Thanks in advance!

First of all, this post is very genuine. There are no lies or falsehoods in it. I really need input and insights from experienced people.

I will inherit around Rs 60 crore in the next 4 years. My family had some landholdings back in 1965 (nearby Jodhpur, Rajasthan) Currently I am 35 years old working remotely. The thing is that I feel that I should have some traits so that I can handle this. I don't need any financial advice like take SIP of this much, buy index fund of that much. I need to understand the psychological part or any such behavioral qualities which I should develop from now on. 

Moreover I am in no mood of selling that farm land. I just want to plant 1000-1500 trees on a 100-Beegha farmland and live a wonderful life with my wife and children. I want to know what qualities and habits I should develop that will help me in the long run. What are the rules that I must follow at all costs.

please share your valuable insights, thoughts and inputs. (Earlier I have written this post with the help of Gemini, because my English is not that good, deleted due to backlashes, this time putting genuine efforts)

​

Current situation:

- Salary: ₹50k take home per month

- Current bank balance: ₹1.18 lakh

- Work from home

- I am the only earning member in my family and financially support my parents

- Job is in fintech and feels somewhat unstable, so I value having an emergency fund

Recent expenses include:

- House contribution: around ₹7k/month

- Medical expenses for myself and parents

- Utilities (electricity, WiFi, etc.)

- Groceries and food

I don't spend on:

- Alcohol

- Parties

- Subscriptions

- Dating

- Clothes

- Entertainment

I've been tracking every expense for the last few months and have realized most of my spending goes toward:

1. Family/household expenses

2. Medical expenses

3. Food

My main goal right now is financial security because I'm worried about job stability and because my family depends entirely on my income also my company is notorious for mass hire and fire.

I'm also planning to buy a good high end laptop in the ₹80k–90k range for upskilling and long term career growth. I have never had a credit card before but am considering getting one for this purchase. I'm mainly looking for a card that offers good cashback, shopping discounts, and food related offers. One of my friends suggested taking a personal loan instead, but I'm not sure if that's a good idea given my current situation. I was offered a credit card by my bank but they are giving only 70k limit which is very less for me.

Questions:

1. Should I open a separate high-interest savings account and automatically transfer ₹20k every month into it?

2. Would a liquid fund be better than a savings account for building an emergency fund?

3. At what emergency fund amount should I start investing in mutual funds?

4. Given my situation, would you prioritize:

   - Emergency fund

   - FD

   - Liquid fund

   - SIP in index funds

5. If you were in my position, how would you allocate ₹1.18 lakh today?

6. What investment options would you recommend for someone in my situation who wants to build long term wealth while still maintaining financial security for their family?

7. Are there any common mistakes I should avoid as the sole earner supporting parents?

8. For someone with no credit history, which credit card would you recommend for cashback, shopping offers, and food discounts?

9. Would it be better to save up and buy the laptop outright, use a credit card and pay it off immediately, opt for a no cost EMI or consider a personal loan?

Looking for practical advice from people who have been in a similar situation, especially those supporting parents while building savings and investments.

A little about me:

- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall

Monthly commitments:

- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase

Current assets worth:

- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs

Questions:

- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?

Thank you for reading :)