Sir,
I’m 36, I don’t have job right now. I have my hard earnings from 10 years of working in my last company around 8 lacks. I have 2 children, son is in 1st standard, daughter is 2 years old. I want to invest this amount for their future with a time frame of 10 years.
Kindly advise where to invest.Thank you ,
2 Answers
Best Answer
Hi,
May I know if you have any other sources of income to meet your living expenses?
Do you have adequate life insurance, personal accident (for self) and health insurance (for self + family) covers?
May I know your future plans regarding career?
Hi,
Once you take up employment again, suggest you to buy a Term insurance plan with adequate life cover. After buying a term plan, you may discontinue your existing life insurance policies. Can also consider buying a standalone Personal accident cover.
Kindly read :
TATA Balanced Fund and IDFC Premier Equity funds have not been performing up to the mark in last couple of years.
If you are willing to take risk with this Rs 10 Lakh investment and not dependent on this corpus, you may consider combination of products like - Sukanya Samriddhi Yojana (for girl child), Short term Debt Fund, Equity oriented balanced fund for your goals.
Kindly read :
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