Ask Money Today: Is it possible to create a retirement corpus of Rs 4 cr in 10 years?

Ask Money Today: Is it possible to create a retirement corpus of Rs 4 cr in 10 years?

I am 45-year-old. I am investing Rs 45,000 per month in these equity mutual funds — HDFC Top 100 Fund, Franklin Prima Plus Fund, PPFAS Long Term Equity Fund and Kotak Flexi Cap Fund. Is my selection of funds good to create a corpus of Rs 3 to 4 crore for my retirement? I have … Read more

Ask Money Today: Can I pay life insurance premium for my wife, daughter for tax deduction?

Ask Money Today: Can I pay life insurance premium for my wife, daughter for tax deduction?

I am the karta of my Hindu Undivided Family (HUF). If I deposit Rs 1 lakh in my daughter’s PPF account, will I get a deduction under Section 80-C for my HUF income? Also, can I get an 80-C tax deduction on my individual income if I buy a life insurance policy for my wife … Read more