As a parent of a 6-month-old child, I am currently exploring the most effective way to save for my son’s education in the future. My objective is to set aside Rs 10,000 per month for the specific purpose of covering his school fees, which will begin when he reaches 3 or 4 years of age. … Read more
Investment advice: I am a 28-year-old male who recently experienced a loss and will soon have approximately Rs 10 lakh in cash coming into my account. Even though I am employed and married, this is a substantial amount of money for me, and I am unsure how to best utilise it. I am inclined towards … Read more
Children’s Day and investment tools: Parents often focus on ensuring a secure future for their children. It is crucial to make wise investments in order to achieve financial stability as they age. While navigating the world of finance may appear intimidating, following a systematic and disciplined approach can lead to significant wealth accumulation for individuals. … Read more
I am 31 years old and I want to actively invest. Should I go for bank fixed deposits ( FDs) or debt funds. What is your recommendation during the current market conditions? Name withheld Response shared by Jiral Mehta, Senior Research Analyst, FundsIndia. Debt Funds hold several advantages over fixed deposits (FDs). When you invest … Read more