currently 23 looking for options to invest
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What's a index fund
Firstly decide your risk calibre.
1-2 k a month
Nifty bees
@beatrixsam37848
first create a emergency fund of 6 months
then acquire new skills that will help you grow your total income
you can chose to put off investment till 24 - 25 even if you invest this 2k that is 24k yearly that is what 48k in (2years) even if you make 100% returns it will be below 1 Lac
here it is important that your salary increases so invest in yourself also its better to plan trips as it will give you a new perspective
True. Recently I read this book by Nick Maggiulli 'Just Keep Buying ' and he made this point precisely. People worry too much about investing etc. unless the savings is substantial, it doesn't really matter much. With a corpus of say 1 lakh, if you put it in mutual fund or FD or anywhere, the difference wouldn't be much.
Open an account in Groww and start investing in an index fund.