I have pain in my palm and hand whenever I use a mobile otherwise it is perfectly ok what could be the reason and remedy

Ans: Hello;

Two big responsibilities are ahead of you:

Home Loan repayment(40 L) and
Higher education for your son

You can dip into your savings to prepay your loan but your retirement corpus gets reduced plus you will also have to earmark some fund(~40-50 L) for son's higher education.

Therefore my suggestion to you would be to postpone retirement atleast till 55 age so that you will have more retirement corpus, time for prepayment of home loan and clarity on son's higher education expenses.

Take adequate healthcare insurance cover for family.

Best wishes;

Ans: Hello;

You need to top up your monthly sip of 3.5 K by 14-15% every year for 23 years so as to be able to reach target corpus of 1.5 Cr. in next 23 years.

A modest return of 12% assumed from pure equity mutual funds.

Happy Investing;

Ans: Hello;

The optimal solution for you would be to buy an immediate annuity from a life insurance company for your corpus of 2 Cr.

Considering annuity rate of 6%, this may yield you a monthly payout of around 85 K(post-tax).

You may choose option of joint life(you & your spouse) annuity with return of purchase price to your nominee.

If you shop around, you can better annuity rates.

Consider increasing your health care cover upto 25 L considering rise in cost of healthcare.

Also keep sum of 5-6 L as emergency funds in savings account/liquid mutual funds.

Best wishes;

Ans: Hello;

Take a term life insurance policy and use mutual funds for your investments.

So yes indeed mutual funds are much better investment then ULIP.

Happy Investing;

Ans: Hello;

If you retain the corpus in MFs and continue monthly sip for 9 years, your total corpus will be 1 Cr+.

A modest return of 12% from pure equity mutual funds is assumed.

Happy Investing;

Ans: Hello;

It's almost bankrupt with shady background, so stay away.

Do not try to find value in penny stocks.

Buy fundamentally strong stocks at decent valuations, having ethical and professional board,management.

Happy Investing;

Ans: Hello;

Please rephrase your question.

Thanks;

Ans: Hello;

I would recommend gold mutual fund since it is more safe, secure and long-term gold investment as compared to digital gold.

Because in digital gold:
1. You have to pay GST on digital gold purchase, not applicable to gold mutual fund.

2. The agency through which you buy digital gold will deduct charges towards security and safety of gold not applicable in gold mutual funds.

3. In digital gold buying, after certain period(3-5 years), you have to either accept physical delivery of gold or square off the transaction. Gold mutual funds units you can hold till the time you want.

4. Also whenever you need physical gold you can sell your gold mutual fund units at the NAV, which is linked to the actual market price of gold through ETF, pay CG, as applicable, and use the balance to buy gold.
CG Tax is applicable for digital gold too!!

5. Another big + for gold mutual fund is that it is highly regulated by SEBI with adequate checks and controls.
However their is no regulator for digital gold transactions, as of now.

Ultimately it is your choice.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Ans: Definitely