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20s (age): What is the best way to invest INR

30,000 in India for a 22 year old?

Background: I have a seed money of INR 30,000 which I have saved over theyears. I left my job and now I am staying with my parents to prepare for a few

competitive exams. At best I can add about INR 3000 per month by saving on

my pocket money or by doing odd jobs for friends or relatives.

The money is in the bank in the savings bank account. Is there any better option.

Plus I am not looking fo... (more)

54 Answers

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At your age I wa s also trying to save. So our situation is quite similar except

that I was saving this money from my salary. Let me say from my experience

that I regret and I should have used that money for better things than saving

(those savings did not amount to much even though 3000 was a big sum in

1986).

I have so many regrets about my being an unnecessary miser Kanjoos and

financial idiot who fell into the trap of so called investment advisers. To give a

Sanjay Nandan, IAS.Friend, Counsellor and Mentor. With you on your

journey to succ ess.157.4k Views Upvoted by Balaji Viswanathan, Indian by Birth. Indian by

Thought. Agratha Dinakaran Ankush Singh Bhati
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small example in order to save money I used to search for books in 2nd hand

book shops thereby wasting a lot of time and effort. Similarly I would also try to

travel without reservations just to save few rupees. For everything or any service

I would try and find a way to do it myself. I would travel by public buses to

save on auto fare. I would search for the cheapest places to eat and so on.

In a way I had given away my money in order to benefit an unknown person. I

had thus sacrificed my pleasure, comfort and happiness. I had also severely

compromised my possibilities and potential to grow. I have been suffering from

this Indian mania to save at any cost. In Hindi we have a saying chamdi jaye

par damdi na jaye meaning we are so attached to our paisa coin that we will let

the skin be torn away rather than give up a paisa.

We a ll start as zero. This zero start h as the potential to become infinity. A

strange and oxymoron statement but hold on this is based on my personal

experience. This is only possible if we devote our resources to develop our real

wealth tha t is our mind.

I quote our ancient wisdom-

"man or woman, everyone must expand their minds, rise from shudra-varna,

the mindset of a follower, to vaishya-varna, the mindset of a trader, to

kshatriya-varna, the mindset of a master, to brahmin-varna, the mindset of a

seer."Sita: An Illustrated Retelling o f the Ramayana by Devdutt

Pattanaik

We have to understand that what is called as financial savings are in a waymoney that is yours but is used by someone else to improve his own life, his

business or his industry or sometimes for his pleasure only ( huge loans

defaulted by high flying tycoons).

Never ever give your money to someone without exploring and exhausting all

the avenues of spending it on yourself productively which also includes

recreation( we have to re create ourselves constantly simplest example is the

daily sleep). I would have advised you to invest in financial instruments but the

best instrument to invest in is you yourself. Unnecessary savings carry seriouscosts viz reducing or compromising your potential and possibilities.
https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/log


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Here I will try to distil my personal experiences including d iscussions with ex

SEBI chief and senior officers of RBI and Finance ministry. This is my

experience of finance sector which I have followed from my childhood from the

age of 10.

Promises which are always same a golden future, iron cast security, mind

boggling returns which will enable luxurious jet set life. Reality is rath er

otherwise- you will be lucky if you are able to even protect the real value of your

money. I have been fooled by these investment advisers for so long I feel so

sorry for myself . I only hope that others do not suffer my fate.

As you have said you h ave theseed money. Use this money as a seed to be

planted in the best soil which is yourself. Let this seed strike roots of

information, whose trunk is Knowledge, leaves are the skills and fruits will be

wisdom. Let this tree be in your heart, mind and soul to transform you into a

more skilled, knowledgeable and productive person.

Buy good books these are the best investments for competitive exams. You

should concentrate on increasing your skills and productivity. Books are not

costly but they transform your invaluable time into learning. ( This time once

lost is lost forever so use it carefully).

Money is a function of your income which is directly related to your skills.

Do not neglect skills esp. writing skills. Buy good note book and gel pens to

start writing the notes. Later on you can write good paras leading to good blogsor essays.

At this stage in your life nothing is more important than training, learning and

self education. This kind of money you can easily earn even on a daily basis

later on ( Income of Rs. 30,000 per day is not so rare for a truly professional

person). Do not destroy the present as well as future for saving money which

should be invested in your own development.

Spend a little for pleasure too. If you are happy you are more productive moresatisfied and more likely to learn better. In army it is known as R&R rest and


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recreation. We can also call it repair and renovation for our selves. The way

every physical object also needs to be repaired and renovated similarly our

needs cannot be overlooked. We can ignore this aspect only at a very serious

price.

It is an illusion created by selfish financial advisers to induce you to forsake

both the pleasure of enjoying today and investments in improving your fu ture.

If you give up on increasing your productivity and earning ability your future

savings will also remain low so avoid this low income trap. Do not sacrifice

both- your present as well a s future.

What do the banks do with your money? They give it to indu strialists, quite a

few do not return the loans. This figure of loans not returned is officially

accepted as 5-6 lakh crores but is likely to be 10-12 lakh crores. As banks give

new loans to repay old loans. Do you want your money to be given away as

loan/ donation?

In fact we Indians are the biggest savers in the world. Inspite of being poor we

the families and unorganised labour save 35-40% 40-50 lakh crore every year.

Now a days people do not keep all these savings in financial instruments. More

than 60% savings are in real assets as compared to paper assets which are less

than 40%. Reason is simple real assets like gold, land, buildings appreciate

while financial savings depreciate d ue to inflation. Most of the ordinary

Indians call these financial instruments waste paper.

Let us see what happens to 1 lac in FD you earn an interest of 8-9 % . Inmoney terms you get maximum of 9000 Rs. If you are paying Income tax you

will be paying 3000 as tax what is left in your h and is 6000. Inflation is around

10% which means that you will loose 10,000/. What is the net gain , there is no

gain but you loose 4,000/ Rs.

What do we do with our savings which we are not a ble to invest on ou rselves or

in real assets. My advice is first invest on yourself, then invest on your family

which can be for th e educ ation or training of your brothers, sisters and

cousins. Third option is to invest in the business of your friends esp start upsand crowd funding.


5/23



Last option should be financial instruments and here you should look for

products which are not aggressively marketed. Products which do not pay

commissions as high as 20-25% to agents. Discuss with your friends, relatives

and family.

In India even for the stock markets those who earn here indulge in insider

trading and what is this based on. Of course tips from friends, family and

relatives. Insider trading and fixed matches have been with us right from the

1830. Financial experts will rely on their friends and family for their own

money but they vehemently seek to deny you this privilege by flattery, trickery,

illusion, provoking human greed and creation of mirage .

Remember although you are young but you are doing all this ultimately to

leave the world a better place for your children. Your investments you would

like to be useful for your family. So it is ultimately your children's money even if

you a re the one who has earned it. Time flies and maybe 30 years later you willregret having thrown your money down the drain conned by these cheats. I do

regret my actions of investing in equities for last 30 years.

Your p arents advice may a ppear to be outdated( this is one of the marketing

pitch used by financial experts) but remember your parents have more of your

welfare in mind rather tha n a n u nknown marketeer bound by his targets.

Financial agents always use this pitch- do you want to live the (miserable) life

like your parents lived. They say If no then you have to invest differently and

only investment which will give high security, high returns etc. equity cuminsurance cum this and that product.

Whenever next a salesman approaches you ask him about h is own personal

investments in the product that he is trying to market to you. Sometimes they

have false investment papers too.

NB Do open a PPF account with minimum investment of Rs500/ every year. It

is a seed which will grow into a fruit tree later on. Your money is locked for first

5 years so invest as little as possible but gain this period. Start the PPF meter, 5years will fly awa y in a moment. I did this ten years after I had started earning.


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No financial expert was ever there to push this product in fact quite a few

discouraged it actively.

Rishab Sharmacomments and he has a very valid point:

Generally, we get to hear from our elders that we should invest and save our

money so to secure your future and use it during emergency.Acc. to you one

shouldn't save any money, rather should spend on himself?

Response

With a n important rider spend produc tively and usefully getting the value for

your money. Don't worry if you fail to get value occasionally. I will repeat again

that spending to invest on your self is the best investment. While in financial

investments it is someone else who spends your money to invest in himself. I

have certainly advised the investment in PPF more for gaining the 5 years lock

in period(at younger age if you do not need the money) . PPF investment

enables you to invest money as well as invest in time.

Nirmala has commented

As Mr. Sanjay Nanda n says, a key factor is improving one's knowledge/skills.

Please ensure that you and your dependents (if any) have medical insurance

as it will give you peace of mind. Regular investments in mutual funds through

SIP mode is better than lump sum investment. Again this can be a very small

amount considering your age. Choose and monitor the fund carefully and this

exercise can be your financial training!

Response Nirmala has cleverly avoided mentioning that she is employed infinancial sector which seeks to make a sucker of you. This I feel is grossly

unethical. Note how cleverly she has avoided Provident funds a sensible

instrument. Recently there have been several attempts by vested interests to

push their commercial products using my answers. Such accounts hardly

follow anyone and are practically idle except for commercial brain washing.

It is due to experts like her that I have personal experience of more than 30

years of MFs. Believe me they always make you bleed as they have bled me all

these years. As long as India suffers from insider trading, rigged markets smallpeople like you and me will suffer. All the financial models fail in India because
https://www.quora.com/profile/Rishab-Sharma-8


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these models are developed for USA market where there is very low inflation( 1-

2%), stable currency $, stringent punishments for insider trading, stable

Government Policy which is citizen oriented. On the other hand we have

inflation around 10%, declining Rupee, no punishments even for

embezzlement, Govt which was extremely volatile oriented towards friends and

relatives. As and when we arrive at conditions like US we may consider MFs.

SIPs are only a means to rob you of any opportunity and to enrich the MF

houses.

Even Economic Times has in a rare admission agreed( for once) that PPF over

last 20-30 years has given better returns 12% as compared to 8-9% for MFs.

Datas from 2008 to 2014 also shows superior returns for PF although in 2008

Sensex was lowest and 2014 it is highest ever. Even under the best of

circumstances MFs make you loose money.

Further all the CAs that I know. All the Private Equity managers I personally

know( they earn 2-5 crores pa) avoid MFs like a plague. Who can be a betterjudge about equities than the guys who have been earning crores every year for

the last 20 years from investors like you and me wh o are fooled by their sales

pitch to invest in MFs.

Regarding Insurance, it is next to impossible to claim esp. if you happen to

be a small person. Health insurance encourages ca shless hospitals to go for

needless surgeries and tests with all the associated risks ( including risk to life

and disabilities). I will not advise it until the time our hospitals adopt ethical

practices. It is fine if your Company provides it, in this case your corporate heftwill ensure a certain compliance and a minimum safety for you.

Another financial advisor and analyst

Nikhil Prasad

Investing in one self no doubt precedes all other but sir, the article in the

economic times has created a lot of buzz and debate in the financial circles.

The analysis in the article is done on a single sample(Aug-94 to Aug-14) which

looks selective to fit in the idea of PPF generates more returns.
https://www.quora.com/profile/Nikhil-Prasad-4


8/23



Please go through Investment in Equity Mutual Funds vs. PPF blog post by

Sharad Singh which clearly states some

discrepancies in the economic times article.

Upvote Downvote Share Report 3h ago

Sanjay Nandan

Sensex is a collection of shares of selected Companies. These are alwayschanged to give a higher rise in sensex. Sensex of today does not have the same

shares as sensex 5 years back. You an average investor is always a looser.

Share Report 3h ago

Nikhil Prasad

I concur but what is your view on this :
https://www.quora.com/profile/Nikhil-Prasad-4https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1/comment/6642881https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1https://www.quora.com/profile/Sanjay-Nandan-1https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1/comment/6642827https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Sanjay-Nandan-1http://thefundoo.com/welcome/articlepage/38/Investment+in+Equity+Mutual+Funds+vs.+PPF


9/23



The SIP for LargeCap Avg. beats PPF hands down but I guess what you are

really coming across is that, this is an average value and a common investor

has a high chance of getting far lesser returns.

Upvote Downvote Share Report 3h ago

Sanjay Nandan

How does one invest in Sensex in 1994 and 2014. Can you just tell me my

friend.

Share Report 36m ago

Nikhil Prasad

No one cannot but sir the above image also shows the return(LargeCap Avg.)

on SIP investment in mutual fund is greater than PPF.

Upvote Downvote Share Report 14m ago

Sanjay Nandan

You will definitely earn because you are a share trader but it will be we who will

definitely loose.All the best to you. You might be the first person who will make

money in MFs. Nobody in my 50 years of life has earned anything but losses

except for insider traders.

Share Report 3m ago

Comment downvoted 19 SepSanjay Nandan2 votes (show)
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10/23



I have personal experience of more than 30 years of MFs. Believe me they

always make you bleed. As long as India suffers from insider trading, rigged

markets small people like you and me will suffer. All the financial models fail in

India because these models are developed for USA market where there is very

low inflation( 1-2%), stable currency $, stringent punishments for insider

trading, stable Government Policy which is citizen oriented. On the other hand

we have inflation around 10%, declining R upee, no p unishments even for

embezzlement, Govt which was extremely volatile oriented towards friends and

relatives. As and when we arrive at conditions like US we may consider MFs.

SIPs are only a means to rob you of any opportunity and to enrich the MF

houses.

Even Economic Times has in a rare admission agreed for once that PPF over

last 20-30 years has given better returns 12% as compared to 8-9% for MFs.

Datas from 2008 to 2014 also shows superior returns for PF although in 2008

Sensex was lowest and 2014 it is highest ever. Even under the best of

circumstances MFs make you loose money.

Further all the CAs that I know. All the Private Equity managers I personally

know( they earn 2-5 crores pa) avoid MFs like a plague. Who can be a better

judge about equities than the guys who have been earning crores every year for

last 20 years.

If you have come so far some heavy stuff from Bh Gita

4.33English translation by Swami Adidevananda

4.33 The sacrifice of knowledge is superior to materials sacrifice. O Arjuna, all

actions and everything else culminate in knowledge.

4.42English translation by Swami Gambhirananda

4.42 Therefore, O scion of the Bharata dyasty, take recourse to yoga and rise

up, cutting asunder with the sword of Knowledge this doubt of your own in the

heart, arising from ignorance.

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Upvote Downvote Comments 47+ Share 123

I consider all of us as the children of Bharat if not scion. Thus all of us can rise

from ignorance to knowledge- an Arya.

All the best and may God bless you.

Updated 13 Oct 2014 View Upvotes

2.2k

Upvote Downvote Comments 2+ Share

If there's no emergency, let it stay in the savings account.

My advice for a 22 year old boy/girl in your condition: Forget about that

money. Start from zero.The feeling of not having any money enhances your

unknown abilities explore them!Updated 12 Aug View Upvotes Asked to answer by Krishnanand B hat

Mohan Dev Sukumar, Epicurean

15.9k Views Mohan has 34 endorsements in Life.

127

I know about someone who was stuck with the same

question back in 1977.

If he were here to reply, maybe this is what he would have told you.

Budget Travel as much as you can

Nothing opens us more to the world out there than traveling on a slim budget.

You start appreciating how small things make you so capable of achieving

anything you ever wanted.

Karan Bajaj, Ambivert Ideator

14.2k Views Upvoted by Mayank Jain, Mentor for IIT aspirants, Expert on

learning techniques, How to learn
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12/23



Be curious.

Learn about Everything. Ask yourself questions. Keep asking till you explore

your innermost passion.


13/23



Add Value to Someone's life

Make people smile. Be a part of their life and make theirs a part of yours.

Gift them your time and concern. Learn to empathize.


14/23



Develop a vision

Believe in something so strongly it becomes your life. Make yourself want it so

bad that everyone around thinks you've gone mad.


15/23



Transform capital into a Seed fund

Pool in whatever is left and invest it in your vision. It is this foundation of

bricks which you have to grow into a mighty empire one day.

Begin SmallUse WHATEVER resources you catch hold of. Live this experimentation with

people who share the same passion.


16/23



Lose Some

Expect failures. You're not God, and so times will come and crush you. You'll

be called an idiot, maybe a lot worse.

Gain a Lot more

Stand up again. Learn from what didn't work out. Refocus yourself. Make

yourself want that success baddest ever now.


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Grow Big

The empire is alive and breathing - a creation of your own mind - of our own

dreams. Stop and live the moment. Experience the miracle.


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The Universe will never be the Same again

Be Remembered as the one who came like a gush of wind and transformed the

world.


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Upvote Downvote Comment 1 Share

Written 18 Sep 2014 View Upvotes

64

1. Pour that money on your head : 10 years ago, I invested INR 16K inProject management skill ( PMI ) training and that accompanied I writing

PMP certification. This over an year It saw my salary returning 3

additional lakhs in the same year. Over a 3 year period this returned

additional 12 lakhs . This is a whopping 7,400% ROI. Off course my

other qualities also helped but the aggregated knowledge in PMP helped a

lot. I do not say that a 22 year old can get PMP certified but what I

recommend is : Get some training which is world class and prepa res you

for some leadership position or is a clear establishment of possession of

world class skills. /Edit : A friend of mine at age of 24 chucked his job as

Shift Engineer in car manufacturing plant and put his cash into SAP

Arun Purohit, Dont have any major accomplishment in my life but I am

proud to have helped s...

64.9k Views Upvoted by Gaurav Munjal
https://www.quora.com/profile/Gaurav-Munjalhttps://www.quora.com/profile/Arun-Purohithttps://www.quora.com/profile/Arun-Purohithttps://www.quora.com/api/mobile_expanded_voter_list?type=answer&key=av4MkqboDtQhttps://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Karan-Bajaj-1


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course. His career there after took off on a jet plane and he has been

working with Apple now.

2. Paid studio track courses on Coursera : I finished one 8 week

course on this platform conducted by Prof Scott Klemmer of Stanford

University. I acquired a lot of skills in product design thinking. Recently I

had an interaction with a large US company where after utilizing all my

learnings from that course, my asking rate just went up by 80%. ( Approx

impact of additional xx.yy lakhs per year ). This too when I have just done

a free course but dedicated 10-12 hrs/day. ( This at U$ 25/hr for me had a

time cost of 42*11* 1500 =Rs 70,000/ approx approx) . A computation

from my last take home tells its approx 1,747.14% RoI in first year

itself. Imagine what the impact will be if one does a full time paid course.

Some suggested courses which are hot : a) Human Computer interaction b)

Android Development c ) Building data based products

Conclusion: Nothing gives you a higher RoI than investing in your ownbrain.

Updated 28 Oct View Upvotes

1.2k

You know, I would love to answer this question.We both are in our 20s

We both are searching to grow our money

I read Sanjay's answer and the line on which he emphasized is really the truth:

Best investment is on self.

Anyway, I will not be writing the same thing, but I g uess I c an relate your

condition easily with me or any of my friends.

Swapnil Bhatnagar, SAP Retail Consultant, Burberry.

9.1k Views
https://www.quora.com/profile/Swapnil-Bhatnagarhttps://www.quora.com/profile/Swapnil-Bhatnagarhttps://www.quora.com/api/mobile_expanded_voter_list?type=answer&key=IfKr1j9Bfe6https://www.quora.com/20s-age/What-is-the-best-way-to-invest-INR-30-000-in-India-for-a-22-year-old/answer/Arun-Purohit


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Getting inside the question's description, you have already seeded some

amount. That's great. Let's not touch that. Keep that totally aside. You'll love

these 30,000 rupees much more than 30,00,000 rupees after 30 years.

So we'll start from minimal amount. But before that, open your Excel, prepare

a sheet with an extra-ordinary plan. Say you make a sheet that has all your

finances listed - including Savings, Expenses on self, Expenses on friends,

Investments, etc. But this is totally an optional step. It's just if you want totrack everything from the beginning because this is, finance.

Let me start this in points:

1. Now, if you want to limit your savings to your bank account only, and ha ve

patience to see it grow, I would suggest you RD or Recurring Deposit. In

this, you have to deposit money for over a specified amount of time, for

which they will give you a decent ra te of interest (say 8.75%). It varies. It

means if you deposit the amount Rs. 3000 monthly, at 8.75% interest rate

per annum, then after 12 months your maturity amount will be Rs.

37739.74 (Check more @HDFC Recurring Deposit Calculator )

2. Second thing is something out of this box, but you can train people at your

home for some amount. Like, my friend trained a few people about

AutoCAD. Not the same, but maybe something related to your interest.

But this will be an example of short term earnings.

3. Next thing, and possibly the best option if I need to start with minimum

amount, is Stocks. I love them. I just love them. In this case, bro, your

mind is your money. Your patience is your asset. Your analytical skills areyour p ayoff. And your interest is a Diwali Bonus. You p repare for

competitive exams, but sparing some time for this won't even bother you.

Just start with analyzing market, learning how investment in stock works,

learn which type of investor are you - value investor, or an Intraday trader,

or a goddamm player or whatever! They help with both kinds of people -

patient and impatient. Patient ones are Value Investors (like Warren

Buffet) and others are sub-classified.

You see, there are million ways to invest money. But the best you already h ave
http://www.hdfcbank.com/RD_Calculator/rdcalculator.aspx


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received from Sanjay. Spend on learning, spend on your passion (buy a guitar,

buy a computer, make apps, a nything), spend on your d reams. He says it so

well, that if you invest in yourself, you'll be happy a t the end. Because everytime

it's not the money that counts.

Be smart, play smart.

After all, it's your life. You have to make it large.

Written 18 Sep 2014 View Upvotes

28

Upvote Downvote Comment Share 1

Here's a list of actionable steps to put your money to work:

1. Make a list of the investment options that you know of or have beenrecommended.

2. Do a research on Mutual Funds. If you ask me, mutual funds are the most

professionally managed, transparent, flexible, low cost investment product

with a high return p otential.

3. Spend 20 minutes on going through a user guide on selecting mutual

funds that has been created by another layman investor. (No crap, just

action steps there too!) How to select a Mutual Fund in 20 Minutes

4. Create a SIP after selecting 1-2 mutual fund schemes.

5. Learn more/Invest in yourself.

What's important is to get started. Money mana gement is a life skill which you

learn more by doing. As you start investing, you will learn more and more!

Written 6 Oct 2014 View Upvotes

Ranjan Varma, Facilitator, MaximumLiving program

4.3k Views Ranjan is a Most Viewed Writer in Investing in India.

3
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