A 28-year-old working professional shared his financial journey online and asked for advice on how to manage his income, family responsibilities and upcoming big expenses. He has a monthly in-hand salary of ₹1.4 lakh and is trying to balance aggressive investing with liquidity for the next 2 years. The details were posted on Reddit (r/personalfinanceindia) on July 27.
Currently, his portfolio includes ₹26 lakh in equity mutual funds and ₹2 lakh in gold and silver ETFs. His monthly expenses are around ₹20,000 for household needs, while he invests ₹70,000 in mutual funds through long-term SIPs. He added, “₹50k remains – currently keeping in bank account as liquid for flexibility.”
Family Responsibilities and Future Commitments
The young professional also detailed his family background, where he is the primary earning member. His father is a farmer earning around ₹1.5 lakh annually from land lease, and his mother is a homemaker. His younger sister, a government primary school teacher earning ₹30,000 per month, supports herself and partially helps their younger brother, who is preparing for JRF in Delhi.
“I’ve cleared all past debts – no education loan or family loan pending,” he noted.
His immediate financial goals include constructing a house by 2025–26 with a planned home loan of ₹15–20 lakh and arranging funds for his marriage and his sister’s marriage in 2026, which may cost around ₹20 lakh combined.
Seeking Advice for Short-Term Goals
With such significant financial obligations, he questioned whether his current investment strategy was realistic. “Is ₹70k/month in equity too aggressive given my short-term goals?” he asked. He also sought suggestions on where to park his ₹50k monthly surplus while maintaining good liquidity and whether he should continue investing ₹1.1–1.2 lakh monthly in mutual funds while taking loans for future needs.
In an update, he added, “I currently have 2.5L in my bank account as of today, also awaiting salary in the next 2-3 days. Additionally, I lent 2L to some relatives and I will get that in the next 6 months.”
He further clarified his approach: “I get 1.4L per month. I currently invest SIP 70K into 6 mutual funds (Parag Flexi, ICICI largecap, ICICI value, HDFC+Motilal Midcap, Nippon Smallcap). 20K for monthly household expenses. The rest 50K I invest lumpsump into MF whenever my bank balance goes above 3-3.5L. No proper strategy for that 50K.”
Financial experts have been weighing in with advice, urging him to balance investments with short-term savings to prepare for upcoming life milestones.