Where to start?

Once you enter your first Job you will be allocated a salary account. Immediately go for a recurring deposit like i-wish (offered by ICICI Bank) say for 3 years wherein you can go for a fixed monthly deposit of 1000rs & you can top up any required amount whenever you have t with you within the tenure of your i-wish. As explained in my previous posts go for a SIP of 3000-4000rs on monthly basis. Yearly (preferably after first 1.5 to 2 years where you can visibly see decent returns) redeem some units from your Mutual fund (SIP) deposit & transfer it to the recurring deposit. Save some cash from your monthly salary (based on excess monthly amount, yearly salary hikes or bonuses) & top it up in the recurring deposit. At the end of 3^rd year you have 5 lakhs with you to buy your dream car. If you had started deposit with a goal at the end of 3 years as 3lakhs, then go buy your dream car with this 3 lakhs & rest 2-3 lakhs go for a car loan (@interest 9.5-9.8%). In parallel slightly increase your monthly SIP contribution & whatever you loose as interest over your car loan can be countered using the interest you gained out of your carefully chosen SIP (10-15% minimum returns). So is car buying a big deal? You know it now! Similar fashion go for good SIPs where in you can buy a i-Phone at the end of say two years. As you graduate & mature in the mutual fund investing I would recommend you to enter Stock market trading which is decoded & explained in my next post.