Lumpsum Investment | How to Invest ₹1L?
Where to Allocate a ₹1L Lumpsum Investment
Prioritize the following 3 essentials:
1. Establish an emergency fund.
2. Acquire term insurance.
3. Obtain health insurance.
Only Once these essentials are addressed, focus on debt repayment.
For short-term financial goals within the next 3 years, consider parking the money in fixed-income instruments.
For long-term investment, divide the amount into 4 parts:
1. Allocate a portion to a large-cap index.
2. Allocate 25% to a mid-cap index.
3. Invest in gold as a hedge for equity.
4. Keep a portion in liquidity - consider fixed deposits for immediate needs and opportunities.
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