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Ramalingam Kalirajan  |4803 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 13, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Jun 12, 2024Hindi

Hi sir, I m 34 year old single parent with 2 girls one is 5 years old other one is 1 year old. I hv in hand salary of 1.3 lakh monthly. I hv started ssy for first child 5 years before. And I want to start another child education scheme for second child as well.please help me invest plan for second daughter I just started with sip of 10k. I was thinking to invest in ULIP plans from max or ICICI where it's linked with market and insurance.

Ans: Planning for your children's future is a wise and thoughtful step. Being a single parent comes with its unique challenges, but with a structured financial plan, you can secure a bright future for your daughters. Let's explore a comprehensive investment strategy for your second daughter's education and other long-term goals.

Understanding Your Current Financial Situation

You have an in-hand salary of Rs 1.3 lakh per month. You have already started a Sukanya Samriddhi Yojana (SSY) for your first child and are considering investment options for your second daughter. Your existing SIP of Rs 10,000 is a good start.

Creating an Emergency Fund

Before diving into investments, it's crucial to establish an emergency fund. This fund should cover at least six months of your expenses, providing a financial cushion for unexpected situations. This step is fundamental for financial stability.

Evaluating Investment Options

You mentioned considering ULIP plans. While ULIPs offer both investment and insurance, they come with higher fees and lower returns compared to other options. Let’s explore more effective alternatives.

Systematic Investment Plans (SIPs)

SIPs in mutual funds are an excellent choice for long-term wealth creation. They offer the benefits of compounding and rupee-cost averaging, reducing market volatility risks. Consider allocating a larger portion of your investment budget to diversified equity mutual funds for higher growth potential.

Public Provident Fund (PPF)

PPF is a safe and tax-efficient investment option. It offers guaranteed returns and is suitable for long-term goals like your daughter’s education. You can start a PPF account for your second daughter to build a secure corpus.

National Pension System (NPS)

NPS is a low-cost retirement savings scheme offering market-linked returns. It provides tax benefits and is a good supplement to your retirement planning. You can also use it to secure your long-term financial stability.

Sukanya Samriddhi Yojana (SSY)

You have already initiated SSY for your first child. Starting SSY for your second daughter is advisable. It offers attractive interest rates and tax benefits, ensuring financial security for her education and marriage.

Investing in Child Plans

Child plans from mutual funds provide tailored solutions for children’s education and marriage. They offer flexibility, growth potential, and disciplined savings. These plans can be structured to match your second daughter’s future needs.

Gold Investments

Gold is a traditional investment and a good hedge against inflation. You can consider investing a small portion in gold ETFs or sovereign gold bonds. This diversifies your portfolio and adds security.

Health and Life Insurance

Ensure you have adequate health insurance coverage for yourself and your daughters. Health emergencies can strain your finances. Additionally, consider a term life insurance policy to secure your daughters' future in case of unforeseen events.

Creating a Balanced Portfolio

A balanced portfolio with a mix of equity, debt, PPF, NPS, and gold ensures growth and stability. Regularly review and rebalance your portfolio to maintain the desired asset allocation and stay aligned with your financial goals.

Setting Specific Goals

Define specific financial goals for your second daughter’s education and other needs. For instance, estimate the amount needed for her higher education and break it down into manageable investment targets. Setting clear goals helps in tracking progress and staying focused.

Tax Planning

Efficient tax planning enhances your returns. Utilize tax-saving instruments like PPF, SSY, and ELSS to reduce your taxable income and maximize savings. Proper tax planning ensures more funds for investments.

Increasing Savings Rate

Try to increase your savings rate over time. As your salary grows, aim to save a higher percentage of your income. Even a small increase in savings can significantly impact your long-term corpus.

Monitoring and Reviewing

Regularly monitor your investments and review your financial plan. Adjust your strategy based on market conditions and changes in your financial situation. Staying flexible and proactive helps in achieving your financial goals.

Avoiding Common Pitfalls

Avoid common investment pitfalls like over-reliance on a single asset class or chasing high returns without considering risks. Diversification and risk management are key to successful investing.

Education Planning for Both Daughters

Plan for both daughters’ education simultaneously. This ensures you have a comprehensive strategy for their future needs. Consider their educational milestones and allocate investments accordingly.

Long-Term Investment Horizon

Given your long-term horizon, focus on growth-oriented investments like equity mutual funds. The power of compounding works best over longer periods, maximizing your returns.

Staying Disciplined and Patient

Building a substantial corpus requires discipline and patience. Stick to your investment plan, avoid impulsive decisions, and stay focused on your long-term goal.

The Role of a Certified Financial Planner

Consulting a Certified Financial Planner (CFP) provides valuable insights and guidance. They can help you create a personalized financial plan, optimize your investments, and ensure you stay on track to achieve your goals.

Final Insights

Securing your daughters’ future is a commendable goal. By diversifying your investments and focusing on long-term growth, you can build a substantial corpus for their education and other needs. Regularly review and adjust your financial plan to stay on track. With discipline and a well-structured strategy, you can achieve financial stability and provide a bright future for your daughters.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

You may like to see similar questions and answers below


Ramalingam Kalirajan  |4803 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 25, 2024

Asked by Anonymous - May 25, 2024Hindi
Hi, earning 45k, age 28, female, i have 2 months girl child. I have 20k emi which need to be paid till 2028, we dont have any house or gold jewelry, my husband income 10k which we use it for rent, house expense.....I'm looking for any saving scheme for my child, for myself, insurance scheme. Should i buy SGB for my child like 5 grams per year, Below is my investment plan for my child, do u have any other alternative or better option, PPF - 3000RS PER MONTH SSY-3000RS PER MONTH RD- 2000 PER MONTH FD-5000 PER MONTH for myself i didn't have any plan, can u suggest any mutual funds , sip...im really new to it. Also, my job is not permenant, mnc. So please do suggest
Ans: Understanding Your Current Financial Situation
You are doing a great job managing your finances and planning for your child's future. At 28, with a monthly income of Rs 45,000 and a significant EMI of Rs 20,000, it’s essential to plan wisely. Your husband’s income covers rent and household expenses, which is helpful. Your goal to save for your child and yourself is commendable.

Current Investment Plan for Your Child
You are considering investing in:

Public Provident Fund (PPF): Rs 3,000 per month
Sukanya Samriddhi Yojana (SSY): Rs 3,000 per month
Recurring Deposit (RD): Rs 2,000 per month
Fixed Deposit (FD): Rs 5,000 per month
Let’s evaluate and possibly improve your plan.

Public Provident Fund (PPF)

Tax Benefits: Contributions are eligible for tax deductions under Section 80C.

Safety: PPF is backed by the government, offering secure returns.

Long-Term Growth: The lock-in period ensures disciplined long-term savings.


Lock-in Period: The 15-year lock-in can be restrictive if funds are needed urgently.

Limited Liquidity: Partial withdrawals are allowed only after certain conditions are met.

Sukanya Samriddhi Yojana (SSY)

Tax Benefits: Investments, interest earned, and maturity amount are tax-free.

High Interest Rate: Generally offers a higher interest rate compared to PPF.

Dedicated for Girl Child: Helps in securing your daughter's financial future.


Lock-in Period: Funds are locked until the girl turns 21, with some conditions for withdrawal.

Limited Flexibility: Contributions need to be consistent to keep the account active.

Recurring Deposit (RD)

Regular Savings: Encourages disciplined savings habit with fixed monthly deposits.

Guaranteed Returns: Interest rate is fixed and returns are guaranteed.


Lower Returns: Generally offers lower returns compared to other investment options like mutual funds.

Taxable Interest: Interest earned is subject to tax, reducing the effective returns.

Fixed Deposit (FD)

Safety: FDs are one of the safest investment options with guaranteed returns.

Fixed Interest Rate: Provides assured returns over the tenure.


Lower Returns: Returns may not always beat inflation.

Premature Withdrawal Penalty: Withdrawing funds before maturity can attract penalties.

Additional Investment Options for Your Child
Mutual Funds via Systematic Investment Plan (SIP)

Potential for Higher Returns: Equity mutual funds have historically provided higher returns over the long term.

Flexibility: You can start with a small amount and increase it over time.

Liquidity: Mutual funds can be redeemed easily compared to PPF and SSY.


Market Risk: Returns are subject to market fluctuations.

No Guaranteed Returns: Unlike FDs, mutual funds do not guarantee returns.

Consider investing a portion of your monthly savings in balanced or hybrid mutual funds. These funds invest in both equities and debt, offering a balance of risk and return.

Insurance Scheme for Yourself
Having adequate insurance is crucial for financial security.

Term Insurance

High Coverage, Low Cost: Provides a significant coverage amount at an affordable premium.

Financial Security: Ensures financial protection for your family in case of an untimely demise.


No Maturity Benefit: If you survive the policy term, no benefits are paid out.
Consider taking a term insurance plan that covers at least 10-15 times your annual income.

Health Insurance

Medical Coverage: Covers medical expenses, reducing the financial burden during health emergencies.

Tax Benefits: Premiums paid are eligible for tax deductions under Section 80D.


Premium Costs: Premiums can increase with age and health conditions.
Ensure you have a comprehensive health insurance plan that covers your family adequately.

Investment Plan for Yourself
Mutual Funds via SIP
You mentioned you are new to mutual funds. Starting with a SIP in a balanced or hybrid fund is a good choice. Here’s why:


Professional Management: Fund managers make investment decisions on your behalf.

Diversification: Mutual funds invest in a diversified portfolio of stocks and bonds.

Compounding: Long-term investments benefit from the power of compounding.


Market Risk: Returns can fluctuate based on market conditions.
Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of your expenses in a savings account or liquid mutual fund. This ensures liquidity and safety for unforeseen circumstances.

Saving for Your Child’s Future
Sovereign Gold Bonds (SGB)

Safety: SGBs are issued by the government, ensuring security.

Interest Income: Earns interest over and above the potential capital appreciation.

Tax Benefits: No capital gains tax if held till maturity.


Lock-in Period: Has a lock-in period of 8 years, though early exit is possible after 5 years.
SGBs can be a good addition to your child’s investment portfolio for long-term growth and diversification.

Final Recommendations
PPF and SSY: Continue contributing to PPF and SSY for secure, tax-saving, long-term growth.

Mutual Funds: Start a SIP in balanced mutual funds for higher returns and diversification.

Term Insurance: Ensure you have adequate term insurance coverage for financial security.

Health Insurance: Get comprehensive health insurance for your family’s medical needs.

Emergency Fund: Maintain an emergency fund for unexpected expenses.

SGBs: Invest in Sovereign Gold Bonds for diversification and potential growth.

Balancing your investments between secure options like PPF and SSY and growth-oriented options like mutual funds will help achieve your financial goals. Ensuring adequate insurance coverage and maintaining an emergency fund are crucial for financial stability. Your proactive approach to planning your finances is commendable. Feel free to reach out for further personalized advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


..Read more


Ramalingam Kalirajan  |4803 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 11, 2024

Asked by Anonymous - Jun 25, 2024Hindi
Hello mam... My income per annually 7lakh ...in fd 24lkh .savings.we have 2kids class 1and daughter is 1year .my savings r in lic 61000 per annum jeevan labh and ppf 12k per year and son ppf account and ssy for daughter i dont have any idea about mutal fund r stock.. Star health 5lkh cover paying 26000premium. 54thousand premium in Maxlife term plan cover for 1cr...please help me how to save for children education
Ans: First off, it's great that you are thinking about your children's future education. Your current savings and investments show that you are on the right path. Let's delve deeper into how you can enhance your savings strategy for your children's education.

Current Financial Snapshot
You earn Rs. 7 lakhs per annum. You have Rs. 24 lakhs in fixed deposits, which is a good safety net. Your savings in LIC's Jeevan Labh (Rs. 61,000 per annum) and PPF (Rs. 12,000 per year) are commendable. Additionally, you have a PPF account for your son and an SSY account for your daughter, which are excellent long-term savings plans. You also have adequate insurance coverage with Star Health and a Maxlife term plan.

Evaluating Your Current Investments
Your current investments are safe but may not be sufficient for long-term goals like your children's education. Fixed deposits and LIC plans offer safety but relatively low returns compared to other investment options like mutual funds.

Understanding Mutual Funds
Mutual funds can be a powerful tool for long-term wealth creation. They offer a variety of options catering to different risk appetites and investment horizons. Here's why mutual funds can be beneficial for you:

Diversification: Mutual funds invest in a diversified portfolio of assets, reducing risk.

Professional Management: Experienced fund managers handle your investments, aiming to maximize returns.

Potential for Higher Returns: Over the long term, mutual funds, especially equity funds, can offer higher returns than traditional savings options.

Types of Mutual Funds
Here's a brief overview of the different types of mutual funds you can consider:

Equity Funds: These invest primarily in stocks and have the potential for high returns but come with higher risk.

Debt Funds: These invest in fixed income instruments like bonds and are relatively safer but offer lower returns than equity funds.

Hybrid Funds: These invest in a mix of equity and debt, providing a balance of risk and return.

Power of Compounding
Mutual funds benefit from the power of compounding, where your earnings generate their own earnings. The longer you stay invested, the more your investment grows. This is particularly useful for long-term goals like education.

Systematic Investment Plan (SIP)
SIPs allow you to invest a fixed amount regularly in mutual funds. This helps in averaging the cost of investment and reduces the risk of market volatility. It's also easier on your finances as you can start with a small amount and increase it over time.

Creating an Education Fund for Your Children
Now, let's focus on how you can build an education fund for your children using mutual funds:

Set Clear Goals: Estimate the future cost of education. This includes tuition fees, accommodation, books, etc. Consider inflation in your calculations.

Choose the Right Funds: Based on your risk appetite, choose a mix of equity and hybrid funds. Equity funds can be suitable for long-term goals due to their higher return potential. Hybrid funds can provide stability.

Start Early: The earlier you start, the more you benefit from compounding. Even small regular investments can grow significantly over time.

Review and Adjust: Regularly review your investments to ensure they are on track to meet your goals. Adjust your investment amount and fund choices if necessary.

Analyzing Your Risk Appetite
Your investments should align with your risk tolerance. Since you have young children, a long investment horizon allows you to take moderate to high risks initially and then gradually shift to safer options as the goal approaches.

Regular Funds vs Direct Funds
Investing through a certified mutual fund distributor (MFD) with CFP credentials can offer several advantages over direct funds:

Expert Guidance: MFDs provide professional advice tailored to your financial goals.

Regular Monitoring: They continuously monitor your investments and make necessary adjustments.

Personalized Service: You receive personalized service and support, ensuring you stay on track with your investment plan.

Diversification Beyond Mutual Funds
While mutual funds are excellent for long-term goals, consider other diversification options:

Public Provident Fund (PPF): You already have a PPF account. Continue this as it offers tax benefits and guaranteed returns.

Sukanya Samriddhi Yojana (SSY): Continue investing in SSY for your daughter. It's a great scheme with tax benefits and good returns.

Fixed Deposits and Bonds: Maintain some amount in FDs and bonds for safety and liquidity.

Tax Planning
Your investments should also be tax-efficient. Mutual funds, especially Equity Linked Savings Schemes (ELSS), offer tax benefits under Section 80C. Combining these with your existing PPF and SSY contributions can optimize your tax savings.

Emergency Fund
Ensure you have an emergency fund to cover at least 6-12 months of expenses. This can be in the form of liquid funds or a savings account. It provides a safety net during unforeseen circumstances without disrupting your long-term investments.

Final Insights
Your current savings and investments are commendable. By diversifying into mutual funds and leveraging the power of compounding, you can significantly enhance your children's education fund. Remember, regular monitoring and adjustments are key to staying on track with your financial goals. Consulting a Certified Financial Planner can provide personalized advice and ensure you make informed decisions.

Investing wisely today can secure a bright future for your children. All the best!

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner


..Read more


Ramalingam Kalirajan  |4803 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 01, 2024

Asked by Anonymous - Jul 01, 2024Hindi
Hi Sir, myself Pavani. My age is 34 years, I have a daughter who is 2 year old. My monthly salary is 50000. We don't have any property. I have 10 lac FD, I have insurance sum assured worth of 5 lac which will meture in 6 years . MF 1 lac, SSY account for my daughter have opened till now have 1 lac in that. Have opened Pradhan mantri pension scheme for my retirement planning. SIP 5k investing from past 10 months. I want to secure my and my daughter's future. Kindly suggest.
Ans: First, congratulations on your efforts to plan for your and your daughter's future! At 34, you have a steady monthly salary of Rs. 50,000 and a variety of existing investments. You have a 10 lakh FD, a 5 lakh insurance policy maturing in 6 years, 1 lakh in mutual funds, 1 lakh in a Sukanya Samriddhi Yojana (SSY) account for your daughter, and you're investing Rs. 5,000 per month in a SIP. Additionally, you’ve opened a Pradhan Mantri pension scheme for your retirement planning. Let’s build on this solid foundation to achieve your financial goals.

Setting Clear Financial Goals
Establishing clear financial goals is crucial. Your primary goals may include:

Securing your daughter’s education.
Building a substantial retirement corpus.
Ensuring adequate insurance coverage.
Creating an emergency fund.
By focusing on these goals, we can create a comprehensive investment strategy.

Creating a Diversified Investment Plan
Emergency Fund
An emergency fund is essential for financial security. It should cover 6-12 months of your monthly expenses. With a monthly expense of Rs. 50,000, aim for an emergency fund of Rs. 3-6 lakh. Your 10 lakh FD can act as your emergency fund, but consider moving a portion to a high-yield savings account for better accessibility.

Insurance Coverage
Ensure you have adequate insurance coverage for both life and health. A sum assured of 5 lakh is insufficient. Consider term insurance with a higher sum assured, covering at least 10-15 times your annual income. This will provide financial security to your daughter in case of any unforeseen event. Additionally, ensure you have comprehensive health insurance for yourself and your daughter.

Investment in Mutual Funds
Equity Mutual Funds
Investing in equity mutual funds can provide high returns over the long term. Allocate a portion of your monthly SIP towards diversified equity funds. These funds are managed by professionals and have the potential for significant growth. Given your current SIP of Rs. 5,000, consider increasing it as your salary grows.

Debt Mutual Funds
Debt mutual funds are less risky and provide steady returns. They invest in fixed-income securities like bonds and government securities. Allocate a part of your investment to debt funds for stability and moderate growth.

Systematic Investment Plan (SIP)
Your current SIP of Rs. 5,000 per month is a great start. SIPs help in averaging out the cost of investments and benefit from the power of compounding. Here’s a suggested allocation:

Equity Funds: Rs. 3,000 per month
Debt Funds: Rs. 2,000 per month
As your income increases, aim to gradually raise your SIP contributions.

Sukanya Samriddhi Yojana (SSY)
The SSY account for your daughter is an excellent initiative. It provides attractive interest rates and tax benefits. Continue contributing to this account regularly. Aim to maximize the annual contribution limit of Rs. 1.5 lakh to benefit from the compounded interest over the years.

Pradhan Mantri Pension Scheme
The Pradhan Mantri Pension Scheme is a good start for retirement planning. However, it’s essential to diversify your retirement investments. Alongside the pension scheme, invest in mutual funds and PPF (Public Provident Fund) for a balanced retirement portfolio.

Benefits of Professional Guidance
Certified Financial Planner (CFP)
A Certified Financial Planner can help you navigate your financial journey. They offer personalized advice, considering your financial goals and risk tolerance. A CFP can help you select the right mutual funds, insurance policies, and other investment options.

Personalized Advice
CFPs provide tailored financial advice. They consider factors like your income, expenses, goals, and risk appetite. This ensures your investments align with your financial objectives.

Avoiding Common Pitfalls
High-Risk Investments
Avoid high-risk investments like direct equities or speculative ventures. These can offer high returns but come with significant risks. Stick to diversified mutual funds for balanced growth.

Index Funds
Index funds simply mimic market indices. While they have lower management fees, actively managed funds can provide higher returns. Professional fund managers can make strategic decisions to outperform the market.

Direct Mutual Funds
Direct mutual funds may seem attractive due to lower costs. However, investing through a CFP ensures professional guidance. This maximizes your returns and aligns your investments with your financial goals.

Long-Term Financial Planning
Projecting Future Needs
Estimate your future financial needs, including your daughter's education and your retirement expenses. Consider factors like inflation and lifestyle changes. This helps in setting clear targets for your savings and investments.

Regular Reviews
Regularly review your investment portfolio to ensure it stays on track. Market conditions change, and so should your investment strategy. Consult your CFP to make necessary adjustments based on performance and goals.

Reinvesting Matured Funds
When your insurance policy matures in 6 years, reinvest the Rs. 5 lakh in mutual funds. This will significantly boost your investment corpus. Choose a mix of equity, debt, and hybrid funds to balance risk and returns.

Benefits of Mutual Funds
Professional Management
Mutual funds are managed by professional fund managers. They have the expertise to select the best stocks and bonds, ensuring optimal returns. This professional management is crucial for maximizing your investments.

Mutual funds offer diversification, spreading your investment across various assets. This reduces risk and ensures stability. A diversified portfolio is key to balanced growth and risk management.

Compounding Returns
Investing in mutual funds through SIPs leverages the power of compounding. The returns earned are reinvested, generating further returns. This significantly boosts your investment growth over time.

Financial Discipline
Create a monthly budget to track your income and expenses. This helps in identifying areas where you can cut costs and allocate more towards investments. Financial discipline is key to achieving your goals.

Avoiding Unnecessary Expenses
Limit unnecessary expenses and focus on essential spending. This ensures more funds are available for investments, accelerating your wealth creation and securing your and your daughter's future.

Emergency Fund
Maintain an emergency fund to cover unforeseen expenses. This prevents you from dipping into your investments. An emergency fund ensures financial stability and peace of mind.

Staying Informed
Regular Updates
Stay informed about your investments by regularly checking their performance. Use financial news, market analysis, and updates from your CFP to make informed decisions. Knowledge is power in managing your investments.

Continuous Learning
Educate yourself about different investment options and market trends. Continuous learning helps in making better investment choices and understanding the financial landscape.

Feedback from CFP
Regularly seek feedback from your CFP regarding your investment strategy. They can provide valuable insights and recommendations based on market conditions and your financial goals.

Final Insights
Securing your and your daughter's future is achievable with disciplined investing and financial planning. By diversifying your investments, leveraging SIPs, and seeking professional guidance, you can effectively grow your wealth and achieve your goals. Stay informed, maintain financial discipline, and regularly review your portfolio to ensure it aligns with your objectives. Investing in a mix of equity, debt, and hybrid mutual funds will provide a balanced approach, ensuring both growth and stability.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,


..Read more

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Ramalingam Kalirajan  |4803 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

I am looking for best Mutual Funds monthly SIP around 1000 to 2000 per month for my 2 children age 10 and 12 years, for at least 10 years. i request to you give me best mutual funds next 10 years. its very well growth every year. mutual funds not one i ready to investment in 2 or 3 mutual funds.
Ans: Investing in your children's future is a great step. Let's explore the best mutual funds for a SIP of Rs 1,000 to Rs 2,000 per month for at least 10 years.

Choose Diversified Equity Funds

Diversified equity funds can provide good growth. They invest across various sectors, reducing risk.

Opt for Flexi-cap Funds

Flexi-cap funds can invest in large, mid, and small-cap stocks. This flexibility can offer better returns over time.

Benefits of Actively Managed Funds

Actively managed funds have expert fund managers. They can adapt strategies to market conditions, aiming for higher returns.

Balanced Advantage Funds

Balanced advantage funds invest in both equity and debt. They balance risk and reward, suitable for long-term goals.

Systematic Investment Plan (SIP)

Starting a SIP helps in averaging the purchase cost. It reduces the impact of market volatility.

Consider Child-specific Funds

Some funds are tailored for children's future needs. They often have a mix of equity and debt for balanced growth.

Professional Guidance

Consult a Certified Financial Planner. They can provide a tailored plan based on your financial goals.

Review and Adjust

Regularly review your investments. Adjust if needed to stay aligned with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.


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