25 March , 2017 07:25 IST
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Que : Hi, I am 23 yr old, an MBA, earning Rs 25,000 a month. Nobody is financially dependent on me. I pay an EMI of Rs 7,500 as against my education loan. Can you suggest me an appropriate investment strategy keeping in mind my present financial situation?
firoz
Ans: Assuming you have a surplus of say 5k a month, you should put this money in an elss scheme. Pick a good elss scheme with 5-6 year track record. This will help you save some tax and increase your allocation to equities.
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