Your Questions Answered: Where and how much should I invest for my child's foreign education goal?

Invest in a mix of equity and debt funds with a high allocation to equity funds, and consult a financial advisor for a customised investment plan tailored to your needs and goals, to accumulate the required corpus for your children's college education.

Your Questions Answered: I’m planning to buy insurance. What should be ideal coverage and which policy should I choose?

Life insurance is a contract between an individual and an insurance company, where the individual pays premiums in exchange for financial security to their loved ones in the event of their death.

Your Questions Answered: I want to invest in financial products. Please suggest high return low risk investment options?

Before investing, define goals, educate yourself, assess risk tolerance, research and compare, diversify, review and monitor, and if necessary, consult a financial professional.

Your Questions Answered: I’m 40 and have ₹50 lakh in account. Should I invest or use it to prepay my home loan?

It is best to decide whether to foreclose the loan or invest the idle savings by taking into consideration factors such as the current interest rates, tax benefits, risk tolerance, and emergency fund requirements.

Your Questions Answered: I am 25 and have ₹5 lakh to invest. Which mutual funds should I invest into?

To achieve higher returns, you should familiarise yourself with mutual funds, determine your risk profile, choose the appropriate investment product, and monitor your portfolio regularly.

Your Questions Answered: I’m 40 and want to diversify my mutual fund portfolio. Can you suggest any fund?

Diversifying your mutual funds portfolio by adding debt and equity asset classes, choosing a mix of mutual funds, and regularly monitoring and rebalancing your portfolio can help you manage risk and increase returns.

Your Questions Answered: I am a young mother of two, what insurance policy should I take to ensure their future?

A term life insurance policy with suitable riders is the most appropriate way to ensure that your children are taken care of in the event of your death, and you should consult a financial advisor to decide the appropriate coverage amount and policy duration.

Your Questions Answered: How can I save tax on 7 lakh salary in the new income tax regime?

The latest Union Budget helps to reduce personal income tax by increasing the exemption limit, introducing a standard deduction, and reducing the highest rate of surcharge. It also provides indexation benefits on capital gains from equity and debt investments.

Your Questions Answered: My parents have health insurance of ₹3 lakhs each. Do they need an additional critical illness policy?

Whether your parents need an additional critical illness policy depends on their age, medical history, family history, and financial situation; it is best to consult a financial advisor for guidance. Read further to know more 

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