The amount you should invest depends on your income, financial goals, and the life stage. The first step in your investment journey is to do monthly budgeting. This step helps you to identify how much you can comfortably set aside for savings & investing without under-investing or over-stretching your finances. Then start listing your financial goals, whether it’s buying a house, funding your child’s higher education, or planning for retirement. For each goal, determine the time horizon, i.e., the number of years to reach each goal. This timeline will help you calculate the right amount that you need to invest and choose the financial products suitable for each goal. Once you have clarity on your goals and timelines, you can begin to allocate funds accordingly. Align your investments with the time horizon of each goal. Your life stage, financial background, and risk appetite all play a crucial role in determining how much you should invest and in which product.

It is suggested to consult a financial advisor or a mutual fund distributor to help you assess your current financial situation, build a personalized investment plan, and stay on track for achieving your financial goals