How To Start Investing from your First Salary?

Share it with your friends Like

Thanks! Share it with your friends!

Close

1. How To Start Investing From Your First Salary?

2. Set Your Financial Goals

– Getting Out of Debt
– Tax-Saving
– Creating a 6-Month Reserve
– Saving for a Purpose
– Creating Wealth
– Getting Health Insurance

3. Prioritize Your Financial Goals

– Clear Past Debts
– Pay Your EMIs
– Create a 6-Month Emergency Fund
– Spend What is Left

4. Evaluate Your Risk Appetite

– Understand Your Risk Appetite
(Both Financial & Emotional)

– Decide Percent of Investment
(Equity & Debt)

– Risk Depends on Your Circumstances
(Not Your Age)

5. Selecting the Right Investment Products

– Fixed Deposits
– National Savings Certificate
– Tax-Saving Mutual Funds (ELSS)
– Set-up Mutual Funds SIP

6. Popular Investment Options in India

Equity Investments
– Fixed Deposits
– Index Funds
– Direct Equity

Debt Investment & Guaranteed Return Products
– Liquid/Debt Mutual Funds
– Money-Back Plans

Other Assets
– Gold
– Real Estate

7. Review Your Financial Goals & Performance Portfolio

– Review Your Goals Once a Year
– Keep Track of Progress
– Keep Track of Inflation

If your have any Queries, please leave a comment below.

You can also reach out to us from our Website: https://www.hdfcsales.com

#investments #salary #mutualfunds