How To Start Investing From Your First Salary? | Beginner's Guide to Investment - HDFC Sales

How To Start Investing From Your First Salary?

1. Set Your Financial Goals

- Getting Out of Debt
- Tax-Saving
- Creating a 6-Month Reserve
- Saving for a Purpose
- Creating Wealth
- Getting Health Insurance

2. Prioritize Your Financial Goals

- Clear Past Debts
- Pay Your EMIs
- Create a 6-Month Emergency Fund
- Spend What is Left

3. Evaluate Your Risk Appetite

- Understand Your Risk Appetite
(Both Financial & Emotional)

- Decide Percent of Investment
(Equity & Debt)

- Risk Depends on Your Circumstances
(Not Your Age)

4. Selecting the Right Investment Products

- Fixed Deposits
- National Savings Certificate
- Tax-Saving Mutual Funds (ELSS)
- Set-up Mutual Funds SIP

5. Popular Investment Options in India

Equity Investments
- Fixed Deposits
- Index Funds
- Direct Equity

Debt Investment & Guaranteed Return Products
- Liquid/Debt Mutual Funds
- Money-Back Plans

Other Assets
- Gold
- Real Estate

6. Review Your Financial Goals & Performance Portfolio

- Review Your Goals Once a Year
- Keep Track of Progress
- Keep Track of Inflation

If your have any Queries, please leave a comment below.

You can also reach out to us from our Website: https://www.hdfcsales.com

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