About Me

77 comments

1. Hi Suresh,

   i am a regular reader of your blog and find it quite informative and interesting.  i want to ask you the following:

   1. I have started a Post Office RD scheme of Rs 1000/ month for period of 5 years in my son's name and the same is maturing next month. I will be getting about Rs 74500/- on maturity next month. Please suggest a suitable investment which is safe and low risk. My investment horizon is anything between 5- 10 years.

   2. I would like to continue the Rs 1000/month installment towards any investemnt which is safe and without risk. Please suggest a suitable plan where i can put this amount??

   regards

   Soni

   1. Hi Vivek, Currently there are several NCD bonds going on. You can invest in “Secured bonds” like IIFL Secured bond where money is safe. Alternative if you want to take small risk, you can invest in debt mutual funds such as IDFC Dynamic bond fund or SBI Dynamic bond fund. Since you are asking for monthly investment without risk you should go for Bank FD or post office saving scheme only. These are safe investments with zero risk.

2. Hello Sir,

   I want to make a career in investment and trading field. Can you please guide me how to go about it. Can I join somewhere as an intern to learn things??

   Thanks in advance.

   1. Mayur, There are several companies which offer training in this field. e.g. ICICIDirect.com. You can check with them. This is only one choice there might be many others.

3. Hi Suresh,

   Firstly, my appreciation towards your very good effort demonstrated on this blogspot..

   There are a lot of websites thesedays in the abroad market, where they create a bridge between small private investors and SME's come together for investments needs (by proposing business idea and capital needs).  No need to wait for Venture Capitalists and waste time running behind banks!  Do you suppose, such an option could pick up a space in India ?

   All the very best.  Look forward to grow your blog further!

   Best regards,

   Srinivasa Prasad

   1. Hi Srinivas, There is lot of scope in this area. It may take some time

4.  SURESH JE, I SEE INDIAN BANK VRD DETAILS ON INDIAN BANK OWN SITE WHERE IT CLEARLY MENTION THAT IN THIS SCHEME TDS IS NOT APPLICABLE, THIS IS TRUE OR NOT KINDLY SUGGEST ME

   1. Bikash, Two weeks back, I got intimation from Indian bank stating that their team is no deducting TDS on my VRD account, hence would be proceeding to deduct TDS from now on. I have seen that prior to my IT return and paid necessary tax. Every branch is following their own rule. Recently one reader went to bank and asked about what is specified in website, bank official refused to comment and they said it is incorrect. Request you to go to your bank branch to verify authenticity of such data. It may be immaterial for you as you any how need to pay tax based on your income tax slab. 

5. suresh ji , one more question , are there any variable recurring deposite schemes in govt bank where  no TDS deduct by bank in its interest.

   1. Bikash, All banks are supposed to deduct TDS on RD, VRD and Bank FD. If your income is not taxable, you can submit form 15G and bank would not deduct tds.

6. OK….I will post there.

7. Dear Suresh, Nice blog sir, I just wanted to know how to make money by writing blogs. I tried google adsense but i am not able to get a registration. Any other ways where in I can make money. Currently I am working as a sales engineer where in I spend a lot of time at work from home and travelling across bangalore all day. Please guide me.

   –

   Thanks

   Vishwas 

   1. Vishwas, pls see allbusinessideasdotcom where we have posted several articles on how to make money online. I would not say they are easy, but you can try and would definitely make money if you put good effort. 

8. Dear suresh,

   I have one query.Today I have got a call from HDFC Life ,they have given some details on HDFC Life Sampoorn Samridhi Insurance Plan.I would like to know,if this plan is good enough to invest,or do I refrain myself from doin the investment.Please help.

    

   1. Can you pls post this on suggest a topic option so that next week  I can review this. I heard about this Anup, let me do some analysis.

9.  SURESH  JI   MY QUE IS (1) I WANT TO KNOW THAT WHERE I INVEST 15000 PER MONTH EITHER IN TAKE FD PER MONTH OR UCO RDUSS RD AC. ,  QUE (2) IN UCO RDUSS RD AC INTEREST  TDS DEDUCTED OR NOT .

   1. Bikash 1) Bank FD is one time and earns interest of 8% to 9% per annum. UCO RDUSS is recurring deposit account. You can get 8.7% per annum. Other bank RD also offering similar interest rates 2) Banks would deduct TDS of 10% if you submit PAN Card or else 20% without PAN card. Same rule applies for UCO RD account.

10. Hello suresh ji, I am in govt job , my  monthly salary is 40000 pm,  . I have 5 mutual fund sip ( 1000  rs per sip pm )  excluding this sip   i save 15000 to  20000 per month from my salary . I want to know that this saving amount ( 15000 to 20000 ) should i invest either  in FD every month or invest in uco rduss rd ac. I am in tax bracket also , so in view of TDS AND RETURN in both which is better for me  .  what will impact in return in FD PER MONTH AND INVEST PER MONTH SAME AMOUNT IN UCO RDUSS RD AC. thank u

    1. Bikash, If you are looking for tax saving options, invest in Tax saving FD. You can choose a bank where you have bank account and with higher interest rate. FD is one time investment and RD is recurring monthly investment.

11. Hello Mr.Suresh,

    First of all I would like to thank you for your informative articles. Please continue to write such articles.

    I was going thru the following article:

    https://myinvestmentideas.com/2013/02/income-tax-on-fixed-deposit-interest-can-we-save-or-avoid-tax/#comments

    I could not post my question in that article and hence I am posting it here. As per point 3 in the above article:

    Submission of form 15G: In case the investment is done in the name of a spouse whose total income including the interest income is not exceeding the total taxable income, then your spouse can submit Form 15G to bank so that bank would not deduct TDS.

    Sir, I am in 30% slab and any fixed deposit in my name is incurring 30% tax on the interest. My wife is a home maker and has a bank account. Can I invest my savings as fixed deposits in my wife's name so that she can submit form 15G and TDS is not deducted? Is this legal and I would not have any problems in the future? How much can she have as fixed deposits in her account so that she need not file income tax returns?

    Please advise me as elaborately as possible on this. Thanks in advance.

    Regards

    Sai

    1. Hi Sai, There were several queries on this line item. If you wife do not have any other income, the income from such FD interest would be treated as your income and you would be clubbed with your income and income tax would be applicable based on that. You can submit Form 15G provided you can prove that the amount what your wife has invested is her own income and hence she is getting interest on that. You can consider taking PAN card on her name and file returns if the interest income is exceeding Rs 2 L (income tax benefit of Rs 2 L is available) and pay necessary tax on that.

       1. Hello Mr.Suresh,

          Thank you very much for your response. Sorry to bother you again.

          My wife has PAN…so what I understand is if the interest from the fixed deposits in her account exceeds 2 lakh then she has to pay tax.So Form 15G should not be given for the fixed deposits which exceed that limit…right?

          Thanks

          Sai

          1. Sai, You got me wrong. I would provide in much detailed manner. 1) If your wife has PAN card, give the info to bank and fill the form-15G. based on interest income, they may not deduct TDS. However, if you can prove that this amount is her own amount and deposited as FD, you can check Rs 2L exemption limit and if it is not taxable income, you can leave it. If you cannot prove, the interest income would be clubbed with your income and income tax needs to be paid based on your income tax slab.

             1. Hello Mr.Suresh,

                Thanks for the clarification.

                Regards,

                Sai.

12.    HELLO SURESH JE  , MAI HAR MAHINE 35000 SE 55000 SAVING KARTA HOO, ISE SHARE BAZAR ME NAHI LAGANA CHAHTA HOO, ISE HAR MAHINE BANK FD KARU YA UCO RDUSS RD AC ME JAMA KARU, TAX SLAB ME HOO ISLIYE TDS KO BHI DEKHTE HUA KINDLY MUJHE DONO ME BETTER KAUN HAI  KINDLY BATAYE

    1. Bikash, it would be better to provide the details in english, so that I can provide necessary guidance.

13. Hello Suresh

    I gained a lot of insight reading through the various articles. Thanks for the hard work to blog out all info/data required for people who have various questions on how to manage personal finances. :))

    Thanks

    SJ

     

     

14. Hi suresh,

    I took an education loan from united bank ofindia. I started repaying the loan with a fixed emi for 60 months. Now the inerest rates are increased. So bank is telling that I have to pay according to the floating interest rate although I have fixed emi. In that case i have to pay more than 60 months. Please suggest.

    1. Raj, Please check on the loan documents. If you have signed-up for floating rate, there is no way you can fight. But if you have signed up for Fixed Rate and paying Fixed EMI, you should not accept it. Please check the docs and let me know that I can guide you further.

15. I am NRI. I have been investing INR 100,000= per month in following schemes via SIP as under –

    (1) Birla SL – frontline Equity Fund Reg (G) (2) DSP Black Rock – Equity Reg Fund (G) (3) HDFC – Equity Fund (G) (4) HDFC – Mid Cap Opportunities Fund (G) (5) HDFC – MIP LTP (G) (6) HDFC Top 200 Fund (G) (7) IDFC – Premier Equity Fund Reg (G). What is your opinion under current volatility in the market and above portfolio ? Also, please comment on forex risk. thanks.

    1. Hetal, 1) Birla Frontline is good 2) There is no such fund with this name 3) HDFC Equity is underperformer, you can wait and watch, else exit 4) HDFC Mid cap is good 5) HDFC MIP – good one stay invested 6) HDFC Top-200 good fund stay invested 7) IDFC Premier equity – Good one stay invested. Yes currently there is market volatility and FII’s are taking away money from MF’s and stock markets, you need not worry about them as they are part of stock market volatility. 

16. Hey Suresh,

    Appreciate your selfless effort to help amateur investors. I have gone through many of your blogs regarding business ideas and investments, tax savings etc which are very insightful.

    My question is regarding education loan.I have got it from SBI @13.95% PA. The rate has been constant since beginning but amount of interest has been fluctuating in both ways. I have not yet started repaying it as I am in grace period of 3 months yet. I want to understand what could be the reason for this. Also, would like to know how the interest is calculated and what could be the best day in month to deposit EMI for better benefit.

    1. If you have taken an educational loan or personal loan, the EMI should not differ. Please check as to the terms and conditions. It may fluctuate if you have floating rate. Banks would not give you any special benefit if you deposit your EMI in advance. But to be safe, deposit 3-5 days ahead of time. Also if this is thru ECS, it would get autodebited on the date specifed by bank

17. hi,

    If I deposit 1,00,000 between 1 to 5 march in PPF will I still get the interest on 31st march of that very year. How much interest will i get? I wanna do this to have liquidity.

    1. Jeet, The interest rate in your PPF account is calculated on the lowest balance between the fifth and the last day of the month. So to maximise your earnings, try making deposits between the 1st and the 5th of the month. Interest is compounded annually and credited on March 31 each year

18. Hi Suresh…i hav some queries regarding PPF account.How interest is calculated on the amount of the ppf account?? suppose there are two situations..1.I invest 1lakh on 1st april. 2) I invest Rs 8333 on 1st of every mnth. At the end of the year what will the interest for the respective case??

    1. Priyajit, The interest rate in PPF account is calculated on the lowest balance between the fifth and the last day of the month. So to maximise your earnings, try making deposits between the 1st and the 5th of the month. Interest is compounded annually and credited on March 31 each year

19. Hi  Suresh,

    I am very impressed after going thru ur blog. I have a few questions. I would be grateful if u can answer them.

    At present I am working abroad. At my home in India, we recently did renewation of our  house for which I had to sppend around 28 lakhs, which I felt un necessary. But it was in evitable , so I helped my brother with around 15 lakhs.

    We have a total debt of around 36 lakhs . My brothers they do agriculture. when the market is down (most of the time) they dont get much profit out of that.They dont have any other knowledge about other business. I am totally frustrated financing my brothers who dont take much interrest in clearing the large debt. They feel that I have to send money monthly. Initial yrs  I sent 50,000 monthly. like this till now totaly I might have given them around 25 lakhs. We have a plot in a city which costs about 80 lakhs. My fateris not ready to sell it. One more plot which is 20 lakhs worth is in the name of my brother. It is on lease cum sale deed for 10 yrs. So though it  20 lakhs worth, if we try to sell it now we are not getting good price.

    so kindly advise me how to get rid of all these debts please.

    Regards.

    Jit.

    1. Jit, This look similar to my problem. I feel as long as you keep sending money, people would happily enjoy and do not worry. Please talk to your father and solve it. You may not solve your debt problem if you sell smaller plot of Rs 20 L. You should either sell large plot and close the debt or you should ask your brothers to contribute to close the debt. I don’t think my answer is the best one, but this is what I feel is best.

       1. Hi Suresh,

          I also thought the same way. Now otherwise I am thinking to include my name in the bigger plot along withmy father's name.. Then I can take whole responsibility of the clearing loan and later I can claim my contribution if at all my brothers ask for the share in the plot. At least it will be an asset in my name. I can at least feel I am investing in real estate property which will definately give good returns. 

          Thanks.

          Jit.

           

20. Thanks Suresh for such nice advice and ideas to people. I am 28 yrs old,salried person and earning 8 lac.p.a. My montly expenses are 20k+Housing laon EMI 20K. I ahve taken LIC 10lac Jeevan Anand for which I need to pay 60k yearly. I wanted your advice on following points:

    1.  I wanted to do some part time job to make money.

    2. I am planning to take HDFC Click to Protect term insurance plan. wht is your advice on the same.

    3.As you are financial expert I want advice from you to make strong porfolio for investement,good retuns and risk cover.

    regards,

    Rajesh

    1. Rajesh, Please refer this article where you can convert your hobbies into money.

       Also refer another article about 25 part time ideas.  

       HDFC click 2 protect is good policy. You can review and consider taking it. I feel best way to invest money is to invest for long term. It can be stocks like TCS or large cap mutual funds or diversified mutual funds. Consider taking 20% in gold and bank FD as they provide stability and would support during difficult times. 

21. Hi suresh, congratulations to u for your grt initiative. Really your guidence is very useful for investments.. U r really solving problems of many people. 

    Suresh, I want to ask u abt business ideas with low investments, i have read all 20 but I want somthing lik I can start at small town . I leaves in Malegaon in Nashik district maharasttra state.  I want to start somthing in my town. Can u please guide me. 

    1. Rashmi, you are the best person to judge whether any of such business would run or not.

22. I want advice on my Mutual fund Investment.
     there are lot many funds accumulated . Its difficult for me to make it limited funds protfolio.
    Please suggest which funds to switch and where.? I want to split half money where i can get steady income and half equity with risk.
     

    what are restrictions for invest and income tax , pull out for NRE account related investment 
     
    Funds details –
     
    IDFC PREMIER EQUITY FUND REGULAR PLAN DIVIDENT PAYOUT
    RELAINCE EQUITY OPPORTUNITY FUND
    RELIANCE REGULAR SAVING FUND -EQUITY PLAN
    RELAINCE GOLD SAVING FUND
    RELAINCE MONTHLY INCOME FUND
    TEMPLETON INDIAN CORPORATE BOND OPPORTUNITIES FUND GROWTH
    DSP BLACKROCK TOP 100 EQUITY FUND REGULAR PLAN GRWOTH
    DSP BLACKROCK INDIA TIGER FUND REGULAR PLAN GRWOTH
    FRANKLIN INDIA PRIMA PLUS GROWTH
    F T INDIA FEEDER FRANKLIN US OPPORTUNITIES GROWTH FUND
    HDFC EQUITY FUND DIVIDENT REINVESTMENT
    HDFC LONG TERM ADVANTAGE FUND GROWTH
    HSBC BRAZIL FUND DIVDENT PAYOUT
    HDFC TOP 200 GROWTH
    BIRLA SUN LIFE DIVIDENT YIELD PLUS DIVIDENT REINVESTMENT FUND
    BIRLA SUNLIFE EQUITY FUND
    ICICI PRUDETIAL FOCUSED BLUECHIP EQUITY FUND
    ICICI PRUDENTIAL DYNAMIC REGULAR
    ICICI PREDUENTIAL TOP 100

    1. Harshal, I would tell you which are good. Others you can take call.  Reliance eqyit opps fund reliance gold saving fund, HDFC long term advantage fund, HDC top 200, icici pru focussed blue chip fund, icici dynamic fund. Remaining you can review and switch to other options. Regd taxation, looks you are asking from NRI perspective. There is no seperate taxation for NRI’s for mutual funds. However you need to go thru NRE/NRO account and you would get certain exemptions if you do thru NRE account. Check my articles on NRI investment category, you would get some idea

       1. thanks for reply.

          Can you please give some more information about ruppe max deposite hdfc.

          Should nre invest in FCNR deposits with Forward Cover? whats ur opinion and hows exact calculations for this.

          1. I need to some analysis before I provide the details to you

23. Dear Suresh,

    Thank you very much for your good work,your blog is a torchbearer for new investers.

    I am 30 years old,my take home is 31k p.m,i have done some small investments in LIC and HDFC ergo mediclaim whch is around 2000k pm,i would like to do long term investment which can give back good corpus i can invest 3000k to 5000k pm.i have  9 months old son for which i took the lic jeevan saral 2 months back.

    Please guide how i have to invest 3000k to 5000k pm.

    Regards,

    Ravindra

    Can you please

     

    1. Ravi, Since you are young age, you can take some risk and invest in stocks and mutual funds. To start, invest in large cap and diversified mutual funds. Refer this article and you would get some ideas. https://myinvestmentideas.com/2013/07/best-mutual-funds-to-invest-in-india-with-solid-and-consistent-returns-in-long-run/

24. Hi Suresh,

    I have gone thru your 20 small business ideas.

    i am interested in starting a consultancy firm (technical assistance) to auto ancillary companies.

    What steps should i take, whom should i contact.

    Location is pune.

    1. Sushil, Please refer this article on our other blog about opening a consultancy firm. It may give some idea to you. 

25. Dear Suresh,

    For the past few months i have been surfing the net to find any guidelines to lead me in starting my own business, as of now currently i am working in Kuwait in CATERPILLAR, I am a MBA professional and my Wife is a Physiotherapist, all of us are working in Kuwait. Lately there is a feel of insecurity prevailing all of our fellow Indians, since they are removing foreigners and want to make Kuwaitization. Its their Right. So i am planning to migrate to India, in Chennai, Tamil Nadu. By GOD's grace i found your site and its very impressive and the feedback from people are amazing. I decided to follow the tips from your site as a footsteps for me to start a business in Chennai.

    My request is please, advise me what kind of business i shall start with a low investment, I have an idea of starting a EXPORT business, where i know the demand in Middle East or advise me what business i can start…Please i need you advise and guidance as a mentor.

    Regards,

    Albert

    1. Albert, There are several aspiring entrepreneurs like you. I thought it would be good idea to educate about various business options where one can choose. Please refer allbusinessideasdotcom where I have posted 50+ business ideas.

26. Hi
    I'm  Anant from mumbai I earn 45k a month I'm looking for an investment oppurtunity where I could have a fixed monthly return of Rupees 5000-10000 kindly advise what will be suited to my requirement.

    Regards
    Anant

    1. Anant, If you are looking for Rs 10k per month, you need to invest Rs 15 lakhs in Bank FD / Post office FD. Alternatively you may need 9.5 L where you can invest in diversified mutual funds and do Sytematic Withdrawal plan (monthly withdrawing) and get this amount per month. Please invest your Rs 45K per month in diverisifed funds, large cap funds, debt funds and bank FD (small component) and you can achieve this.

27. Hi Suresh

    Let me first thank you for ur intiatives which is a great help to all investors specially young &first time investor like me.I have some queries…

    1) Whether maturity value of Recurring deposits is tax free?

    2) I am interested to invest in SIP but need to understand its pros & cons more clearly.So can u plz provide any contact of a reliable financial advisor who would guide me.I live in Kolkata.

    1. Priyajit, Thanks for your comments 1) Interest on Recurring deposit is taxable. Bank would send you statement specifying the interest accrued and tax deducted. You need to show the interest in your IT Return as “Income from other sources” and pay necessary tax applicable as per your income tax slab 2) SIP in mutual funds are good. You can check this article. Don’t approach any financial advisor just to know what is SIP. Thought this is an old article, it would give you idea about what is SIP https://myinvestmentideas.com/2012/07/investment-option-one-single-step-follow-maximize-returns-systematic-investment-plans-sip-mutual-funds/

28. Hello.I was searching for some good business ideas for women when I came across your website. This is where I got the best information. But I could not get a solution to my problem. Please advice me.

     I am a graduate in philosophy and did B.ed in English and social sciences from GGSIP University. I tried for jobs in schools. But was unable to get one. Then I worked in a BPO. I quit that job one year back to do something better. I again tried for jobs in schools and gave exams for jobs in banks. But I am still unemployed. Now I don’t want to waste any more time in search of a job. I am a very creative person and have interests in a lot of activities. I love cooking, embroidery, painting, I make handmade personalised gifts, I also learnt to make chocolates. Out of these, the only things that I am an expert in is cooking, making sweet dishes, personalised gifts and making chocolates. I want to start up a business from my home with good profits. But at the same time, I want to help ladies living in a slum near my home.  I want them to earn a good living.

    The market for these activities is not very good near my home. Also, I do not have much to invest. I don’t know the prerequisites and the steps to start up my own business. I could think of a few ideas. But there are problems associated with them. Plz suggest what I should do as I am really in a dilemma.

    1. Surbhi, If you are working on the areas which you are not interested, you may end up in such frustration. Refer this blog allbusinessideasdotcom. You should get some decent ideas where you might be interested.

29. Dear Suresh,

    Reading your blog reminded me of myself as to the aim of blogging on investment-related issues. The main difference is that I primarily write on fundamentally sound shares/stocks (as I perceive them) across market caps. And I must add here that the stocks that I research and blog are meant for long-term investors (more than 3 years at least, more the better) and not traders.

    I leave it to the readers/investors to judge how they have performed.

30. Hi Suresh,

    I am a housewife right now living in New Delhi.I was in full time job before birt of my son.I have done my post graduation from Northern India Institute Of fashion Technology.Now my son is almost 3 yrs old and i have some time.I desperately want to start my own business but am getting very confused as to what shud i do? I am not very artistic person nor do i have any expertise like dancing,yoga etc.Please suggest me some gud option to start my business.I am keen on startng a boutique but am not sure about it as the market is flooded wid the same.

    Thanks,

    varsha

    1. Hi Varsha, Since you have done a degree in fashion technology, if you are passionate about fashion designer, you can try that. Please see this article which gives more info about how to be success in fashion designing carerr. 

31. Hi Suresh!!

    Good day to you, can you suggest some really good health insurance plan for me and mother, She has undergone open surgery related to Thyroid, she got sugar at the age of 60 now, suggest me some policy which covers most of the hospital expense. My earning is 4.3 lakhs per annum working at bangalore, i have no investments and savings, for my retirement i have created 3 acres of coffee plantation and small house in village and i am completely depended on it. I am very confused please suggest me soon

    Regards

    Charan

    1. Hi Charan, Since your monther has 60 age, suggest you to consider any of these plans. You can add your name too in such plans. Please check. https://myinvestmentideas.com/2013/02/top-health-insurance-plans-in-india-for-parents-senior-citizens/

32. Dear suresh,

    i am nri living at Australiia earning good income and on the way to becomea a Father.

    i really would like to invest in india, but don't know how ? as i have to do everything online….

    please advise me

    1. Hi Shantilal. You indicated thay you want to invest, but don’t know how? Do you know stocks, mutual funds etc., You need demat account and mutual fund account to start investing in India. You can approach brokers like ICICIdirect.com or fundsindia.com or any other broker to open account. Once you open account, you can analyse and invest balanced mutual funds to start with.

33. Hello Sir

    Thanks for the good servoce.

    What is the attraction of your Blog is it's "SIMPLICITY" – no big financial jargons to

    confuse the novice investor – and its' versatility – covers almost all investment avenus –

    explains in common mans language.

     

    As a person who lost money in the stock market, following the "SO CALLED PUNDITS" – 

    i found your blog down to earth.

    [ Left will lots of small / Medium cap stocks with little or no value now ]

     

    Keep it up …  all the best for you

    Rajiv

34. I was looking for a website specifically about investment in India and I found your website.

    Its awesome…

    Thanks for all the efforts..

35. HI,

    I came through your blog,by searching the net.And,it is really a helpful site to understand any tiny issues,though I haven't started investing in mutual funds,and thinking to invest.Need to know how to start through online, hassle free and can know the basic pros & cons.

    1. Anup, welcome to the world of mutual funds. My suggestion is do not invest or select any broker for mutual funds now for next 15 days to 1 month. Go thru the articles listed under stocks/mutual funds. I have recommended several mutual fund schemes, provided observations on several mutual fund brokers. Once you understand the basics and various brokers services, you can move to next step of starting to invest.

36. Helo Suresh Sir,

    I come across your blog while surfing on the net for best investment options & become fan of this blog.

    Your tips are too good for the amatuer like me in investment.

    I am 24 year young boy, from Pune. I just started my career in IT & my earning is 15000 p/m. I am able to save 6k-7k per/month as I am leaving with my family. But I wants to buy a flat in pune in next 2-3 years & my savings are not sufficient to buy a flat nearly about 25-30 lakhs.

    What is your advice regarding this?

    1. Sanket, 1) Increase your income. See my articles on how to earn extra money in leisure time. 2) Save less, see my saving ideas 3) Grow your money. See the investment tips on mutual funds for medium term (debt funds etc.,).  I am sure you would be able to achieve this. If you still have any questions, pls mail to suresh@myinvestmentideas.com

37. Dear Suresh,  Your blog is quite useful even for a lay investor.  It guides them in the right direction as to their investment decisions.  Look forward to a paid subscription shortly.

    1. Hi Sunny, Thanks for your interest. Sent you details over the email.

38. I came across your blog today and have found it to be very interesting and informative. It was also very heartening to see that not only do you take a lot of pains to go through all the comments/querries posted but also reply to each one of them and also the follow up querries. I am sure it would be taking a lot of time of yours but would be benifitting a lot of people who follow your blog. I for sure would be following it in future.

    1. Thanks for your encouraging comments Sood. It would be pleasure helping my readers on their queries or questions. Would continue to help them.

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