What can I do with 12000 rupees?

What can I do with 12000 rupees?

I want advice about investing money. My husband and I both are government employees. My salary is Rs 55,000 and husband’s salary is Rs 52,000. After calculating monthly expenditure, home loan EMI and other investments, my total balance is of Rs 12,000.

In which SIP should I invest?

Best SIP Plans for the Year 2022

Fund Name Monthly Investment 5 years Return
DSP Equity Fund 5000 14.36\%
Franklin India Focused Equity Fund 5000 15.78\%
HDFC Balance Advantage Fund 5000 13.47\%
ICICI Prudential Bluechip Fund 5000 15.69\%

Should you invest Rs 1000 a month?

If you are reading this, I am sure you’d not blink an eye investing Rs.1000 a month. The concept of compounding interest can be taken full advantage of and thankfully, it works the same for all amounts of investment. The logic is that as the time increases, you begin to earn interest on the interest as well.

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What is the rate of increase in LIC Tech term plan?

Afterwards, it shall increase in an in-force policy by the rate of 10\% for 15 years starting from the 6th year of the policy till the end of the policy tenure or till death unless it turns twice the Basic Sum Assured, the one which will be earlier. 2. LIC Tech Term Plan

What are the salient features of LIC money back 25 years policy?

The following are some of the salient features offered by the policy. The Money Back 25 years LIC plan offers a settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years.

Is $1000 a month enough for an emergency fund?

In a low-interest rate environment like we’ve seen in the past few years, you might be reluctant to keep your $1,000 a month in the bank. However, it’s important to remember that an emergency fund exists to reduce risk, not to earn big returns. Once a hardship eventually strikes, you’ll be thanking yourself that you played it safe.