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Subbu's Solution

I am 18 years old, first-year undergraduate student. Every month, my parents give me an allowance of Rs 3,000. After all my expenses, I save up to Rs 1, 500. Instead of just saving the money, I want to invest it in suitable instruments. Please advice.
It is nice to see youngsters today are thinking of investments from an early stage. Considering your age, in my view you could start investing via a Systematic Investment Plan (SIP) in a diversified equity fund. Remember before investing you need to look at two points 1. The long term return of the fund and not the short term (how has the fund performed over the long term) and 2. Low expense ratio – always choose a fund with low expense ratio. Moreover you could also consult a financial advisor to suggest you a scheme.



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Subbu's Solution is authored by I. V. Subramaniam. I. V. Subramaniam is a director of Quantum Asset Management Company Private Limited. The responses expressed here are strictly for information and explanation purpose only. The responses are meant for general reading purpose and not to be considered as an investment advice / recommendation. The responses are not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or units of the Mutual Fund. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. The Sponsor, The Investment Manager, The Trustee, their respective directors, employees, affiliates or representatives shall not be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in the responses.

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