Suggestion For Investment

[Soeb Pathan]

I'm 21 years old, and my current income is ₹15,000 per month. I want to invest 30% of my income for two purposes:

A medium-term investment (5–7 years) to support the expenses of two family weddings—mine and my sister’s.

A long-term investment for my personal future.

Please suggest safe investment options that offer high returns for both purposes. Also, I’m not familiar with the market or what's currently going on, so I’d appreciate simple guidance.

 

[amitvicky]

Check projection on groww sip calculator.
Google for link.

If you invest 4500/- per month for 5 years, at rate of 11% returns it will be around 3.5 lakhs.

This should give you an idea if this is OK for your purpose else you would need to replan.