I am 42yrs old with savings in GPF only. Ready to invest in MF for 20yrs & my Goals being child education 20lakh after 5 yrs & retirement corpus of 2CR. Kindly suggest Mutual funds and SIP amount to achieve above goals.

Ans: Hello;

An investment of 30 K with 10% top-up each year will be required to be continued for 10 years minimum to reach a corpus of 1 Cr(12% return considered from pure equity mutual funds).

You may invest in a combination of flexicap mutual fund and a Large and Midcap type mutual fund in proportion of 50:50.

For pension you may invest in NPS with active choice and maximum possible equity allocation. Contributions can continue upto 70 age.

Happy Investing;
X: @mars_invest

Ans: HI Sakshi.
If you are financially sound, then you should prefer IICT Gandhinagar, which provides better career prospects and practical skills relevant to the field of Data Science than VIT Vellore. However, this does not mean that VIT is not a better choice. If VIT is nearer to your home town and easily accessible, then you may opt for it. But if distance, money are not issues., then preferably go with IICT Gandhinagar.

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Thanks.

Radheshyam

Ans: Hello;

Nowadays payment for IPO allotment is through the process of ASBA(Application Supported by Blocked Amount) wherein funds needed to finance your IPO application are blocked.

If the funds are not enough the application will not go through.

Their no fine or penalty but it may affect your reputation with the bank/broker.

Best wishes;

Ans: Hello;

It is advisable to convert the bank account to a single holder account as early as possible.

Best wishes;

Ans: Hello;

Please approach following, in the given order, for redressal of your concern:
1. Customer Relationship Manager of the Insurance company
2. Chief Grievance/Compliance Officer of the insurance company
3. Insurance Ombudsman
4. IRDAI
5. Courts

You may also seek help from some social media activists who take up such cases.

Best wishes;

Ans: You should complete your PhD. Without PhD you will not get job in good institutions.

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