Smart Investment: Turn ₹1 Lakh Monthly Income into Wealth
Personal Finance
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News18•20-01-2026, 11:54
Smart Investment: Turn ₹1 Lakh Monthly Income into Wealth
- •Even with a ₹1 lakh monthly income, many struggle with savings due to poor financial management.
- •The 50-30-20 rule suggests saving at least 20% of your income, meaning ₹20,000 for a ₹1 lakh earner.
- •Prioritize financial safety with health insurance (₹10 lakh cover for ₹800-₹1000/month) and an emergency fund (3-6 months' expenses).
- •Define clear investment goals and timelines before investing; mutual funds are recommended for beginners.
- •While small-cap funds offer higher returns (21.09%), large-cap index funds (13.63%) are safer for new investors due to lower volatility.
Why It Matters: Effective financial management and early, strategic investment can build significant wealth from a ₹1 lakh monthly income.
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