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Sanjib

Sanjib Jha  | Answer  |Ask -

Insurance Expert - Answered on Apr 13, 2023

Sanjib Jha is the CEO of Coverfox Insurance. His expertise includes health and auto insurance. He has over 22 years of experience in the financial sector. He has completed his post-graduation from the Institute of Company Secretaries of India.... more
Manish Question by Manish on Feb 10, 2023Translate
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Respected Guru, I'm Manish(23yrs) I'm new to mutual fund market. I'm high risk taker in long-term Please suggest me mutual fund in sip mode. Below are my details :- 1. Brother college - 80 lac in 5 years (medium risk). 2. Car - 21 lac in 8 years (high risk). 3. Home - 30 lac in 10 years (high risk). 4. Family traveling- a) 10 lac in 5 years (medium risk). b) 10 lac in 10 years (high risk). c) 10 lac in 15 years (high risk). d) 10 lac in 20 years (high risk). 5. Emergency fund - 8 lac in 5 years (medium risk). 6. Retirement fund- 10cr in 40 years (high risk). 7. Can you suggest me which insurance to buy for health insurance and term insurance for family and me.

Ans: Hi Manish, since you are young, it is best time to buy term and health insurance. Any company/plan with competitive pricing can be looked at but always carefully read through the policy
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.
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Dear sir, I am currently 45 and just off from my dependents i.e., my 3 sisters out of which 2 were expecting my help to settle on their life - both my sisters off from their burden to an extent as their son started working and daughters were married to a decent families. I helped them by helping on their studies, marriage of my niece and assisted my nephew to buy a property (provided the advance or initial payment of 4 lacs). I haven't saved anything for my kids yet except a house , some jewellery about 50 sovereign and 1/2 ground land. My sisters and mother doesn't feel complete but I have informed it is not happening because I need to looks at my 2 kids 11 and 6. Besides, my wife is super supportive and never disputes or raised concerns. The ask is I have been working since childhood like 16 so feeling tired at times so I am planning to start my own businesses but still I am feeling jittery as I didn't save much for their studies etc. I am working in ites services so I feel like that I have 5 years max ahead. No politics in the office but I am stuck with no major opportunities. Please guide me on how to put a perspective and lead a clear way ahead as I am totally confused to be honest. Thanks in advance and please write back as this is my second time asking for suggestions.
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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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