Step 1: 1st Take your monthly income and multiply it by 50% to get the amount you should be spending on necessities every month. This includes things like rent, groceries, household and Miscellaneous needs.
Step 2: Take your monthly income and multiply it by 10% to get the amount you should consider Personal Allowance. This can be spent tension free.
Step 3: Take your monthly income and multiply it by 10% to get the amount you should put towards debt which you took from bank for housing Loan .If you have no debt, this should go towards investing in Index Fund/Mutual Fund/Equity Fund as per your risk capacity.
Step 4: Take your monthly income and multiply it by 10% to get the amount you should be saving like FD and Debt Fund for short term goals, like buying a car, or a vacation.
Step 5:Take your monthly income and multiply it by 15% to get the amount you should be investing every month.
Step 6:Take your monthly income and multiply it by 5% to get the amount you should be in Term Plan and Family Medical Insurance which is very important for protect your family and your corpus too.
If you are interested in the share market, you should study above energy sector and invest only after consulting your financial advisor.IM not SEBI Registered.