Yes this is a correct ways to maintain your financial condition. We should divide our money in three parts- expenditure, investment and saving.
This way we can make more money, save our future, and can make a good income.
So in your thinking what the best source of investment in India in which we can invest safely and less, for every month🙂.
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If you want less risk, then Debt Mutual Fund is best where you can easily get around 8% per year, but if you are looking for longer like 5 to 10 years than 50% in Equity Mutual Fund and 50% in Debt mutual fund.
Okay!
I will search about these. Thank you for suggesting 🤗