How to convince your parents to invest in mutual funds?

Today we will discuss how you can convince your parents (assuming senior citizen) into mutual funds to get better returns on their investments with lower risk.

I am not saying that every parent needs to invest in mutual funds. But I have seen many parents retiring with insufficient corpus and investing that money in a very manner. It’s not tax-optimized and also earns the least return possible – all in the same of “Safety”

Senior Citizens and Mutual Funds - Should they invest?

I understand that not all senior citizens want high returns, but in most of the cases, I have seen that there is some allocation which can be made in mutual funds.

We come across many investors, who are investing in mutual funds and they have a good understanding of the product. They have full confidence in mutual funds investments, but their own parents are stuck in the old traditional way of investments. And these children are not able to convince their parents to invest their money in mutual funds or anything closely linked to stock markets, simply because parents come with the baggage of old beliefs about equity markets and poor understanding of the concept of Risk!

Old habits never go!

Most of the parents have all their life invested in Fixed Deposits, LIC policies, PPF, NSC and postal schemes which were simple and guaranteed return products. Their focus was always on “peace of mind” and “safety”. They were not obsessed with returns like we do today!

Parents outright reject the idea of investing in mutual funds or stocks the moment they come to know that its not a guaranteed returns product and there is RISK involved in these things.

To get some idea on this subject, I asked on our telegram group how their parents react for the investments in stocks and mutual funds, and here are 2-3 responses I got!

How senior citizens react when investing in mutual funds

I know it’s going to be very very tough to convince them for investing in mutual funds, and most of the people will fail in this!. However, this is my small attempt to give some pointers to you on how you can start the conversation with your parents on this issue. Maybe it will work for you.

So here are simple things we can do.

#1 – Introduce them to Debt Mutual Funds

The first thing you can do is to not introduce the word “Mutual funds” directly to your parents. Tell them that there is one investment product which is similar to Fixed deposits, and the returns it has given over last many years have been a little better than Fixed deposits and has very less taxation (we see tax part in point #2 soon)

Tell them how this new “investment product” works very much like bank deposits. It also lends money to others and gets returns. But unlike bank fixed deposits, it does not give a lower but fixed return.

Instead, it keeps a small-fees and returns all the returns to its investors (which means that its a market-linked returns). There is its own share of risks which needs to be well understood and handled.

The next step is to show them how these debt funds have performed over the last few years like 5/10 yrs.

Start with Banking and PSU Category

You can start with a debt fund which comes from “Banking and PSU Fund” category because I have seen many senior citizens are very comfortable with the portfolio of that kind of debt fund/

Take for example SBI Banking and PSU Funds

Its a debt fund from SBI Mutual fund which invests a big portion of its money in bonds issued by various banks & PSU companies in India. The definition itself will be worth attention and parents may listen because of the word SBI (maybe!!)

That fund has given 8.89% returns in the last 5 yrs. The Journey for a fund has not been as a straight line, but it’s not wild like an equity fund. To a senior citizen who is struggling to get a 6% return in FD may be interested in looking at the past returns of this fund.

SBI banking and PSU fund

Apart from Banking and PSU category, you can also tell them about short term debt fund in case they want to invest their money for short term like a few months to a few years.

The stability of returns for short term debt funds category is quite strong as they invest in short term debt papers (incase this is technical for you, dont worry, you need to learn about debt funds)

Here is an example of HDFC Short term debt fund which has given quite stable returns over many years. Its return in the last 10 yrs is around 8.85% cagr! . No doubt that the fund is little volatile in short term, but over long periods you can see the line going up and up!

HDFC Short term debt funds

One more category is of Medium to Long term funds which are suitable for 3-5 yrs investment period and one can expect an 8-8.5% returns based on historical performance only (past returns are not a guarantee for future returns)

Here is a table showing what has happened in the last many years (Some funds with very low AUM is removed from the table and only bigger brands are taken)

Medium to long term debt fund returns

So as the first step just show them these returns and low volatility of debt funds. This will be the foundation step.

Disclaimer: Debt funds are not as simple as what you are seeing above. There is credit risk and interest rates risk because of which the returns can be fluctuating. However, I am not going into the details of how debt fund works as it’s out of the scope of this article. If you are not clear on how debt fund works or chosen, its recommended to look for an advisor.

#2 – Show them the impact of taxation

One of the most overlooked aspects of investments is Taxation.

People do not think much about optimizing their tax-outgo while making investments. Investors still talk in terms of “Returns” and not “Post-tax Returns”.

When you invest in Fixed Deposits, Senior Citizen Saving Scheme, Saving Bank etc, you pay the tax on the slab rate. Which means that for very high amounts the tax will be at 30% rate for investors in the highest tax bracket. The worst is with FD, where you pay the tax on the entire year Fixed Deposits interest, not on how much you have redeemed!.

Can you believe that this tax can be lowered to 10% or 5% and sometimes even 2-3% for longer tenure investments (some cases). This is because the returns you get from debt funds are not categorised as “Interest Income”, but capital gains.

Let me show you a simple example of what happens when a Rs 50 lacs of money is invested for 10 yrs in a fixed deposit vs a debt fund. I have taken FD rate as 5.5% and debt fund returns at 8% as per the current situation and I have taken the last 10 yrs inflation numbers from CII Index.

Fixed Deposits vs Debt Funds Taxation

You can clearly see that your FD becomes 85 lacs and Debt fund becomes 1.07 crores (indicative, but historical returns), Still, you pay 5 times more tax in FD than debt funds simply because of Indexation benefit.

The debt funds are surely not as predictable as a fixed deposit, but over 10 yr period, you can surely create a very strong portfolio and also diversify your investments across some quality debt funds. I think it’s worth taking that extra risk for the sake of making 31 lacs more!.

It’s not a small amount, it can mean 5 yrs extra money for retirement.

Most of the poorly designed portfolios lag on taxation. If you can just fix that part, that itself can mean alpha of 2-3% sometimes.

Here is a tweet I did a few weeks back where I was sharing how someone who retired with a big corpus (let’s say with 10 crores) will pay taxes in equity/debt fund/ FD

However, note that a smaller corpus can be still divided between husband and wife and then the taxation may be NIL or less due to the income not reaching the taxable limits. What I am referring to is mainly for big corpus.

#3 – Educate them about mutual funds in general

In case you fail in the 1st and 2nd step mentioned above and if your parents are still adamant about not changing their mindset of sticking with Fixed deposits or LIC policies etc, I must say you can’t do much and you lost the game.

However, if you feel they are showing some interest and will hear more on this subject, then its time to sit with them and educate them first about mutual funds in general.

I think most of the people who just reject mutual funds dont have a good understanding of the product and how it works. Here are 33 myths about mutual funds incase you want to look at them. Is time to educate them a bit about mutual funds industry and how established it is.

I feel there has not been a good attempt to educate senior citizens about mutual funds in the right way. Tell them a few things like.

a) Mutual Funds does not always mean the stock market

Firstly, tell them that not all mutual funds invest in the stock market.

There exists something called “Debt mutual funds” which do not invest in stocks and only invests in the debt market (bonds of companies and govt securities). Use the word “Bond” and “Debentures” as they might have heard these words and can relate to these.

Tell them that there are GILT funds (which only invest in govt securities) and then there are Corporate Bond Funds (which invests in big corporates) and in a way, they are comparable to corporate fixed deposits

b) Tell them about mutual fund industry size

Do you yourself know that Indian Mutual fund industry is one-fourth size of the banking industry? Yes – we have around Rs 30 lakh crore of assets invested in mutual funds which is very very big in itself.

A lot of senior citizens still feel that mutual funds are some kind of scam or not a well-regulated product. It’s your job to tell them that it’s a 25 yr old industry (actually much older if you look in the US and other counties) and a very well designed and well-regulated industry. Crores of investors invest through mutual funds now in our country and its growing at a very good speed.

Over the next few decades, my guess is the mutual fund industry will be bigger than retain banking Industry.

Mutual Funds industry size

Dont force your thoughts on them at this point and just hear them out. If they have any apprehensions or issues with any point, do find the answer and go back and share with them about it. It can take them a lot of time to digest all this. No rush!

#4 – Tell them their corpus may not be enough for future

Not many people are retiring with huge corpus these days. Most of the parents are retiring with a smaller corpus than what they actually need for their long retirement.  (Read why one needs 30 times their expenses as retirement corpus)

In your own way, you need to convey to them that their money may not be enough for future, and some part of their portfolio (if not all) has to be invested in equity too.

A lot of senior citizens are investing money in a way that it’s giving them terrible post-tax returns because of high taxes and low returns. All this in the name of “safety”. I know people who have put all their money in pension plans or just kept it in FD. They dont think about things like the liquidity of money or low-post-tax returns.

One issue is that in our country people think that once they cross 60 yrs, they have to just move every bit of their money into 100% safe products. This is not true for most of the cases.

A 60 yr old person can live up to 100 yrs also and that means they may have 30-40 yrs of life ahead. IF they make bad investments decisions which are not taxed optimized and do not create a positive real return, the wealth may get consumed pretty soon then they realise due to inflation.

Impact of Inflation

So, if a retired person has Rs 30,000 expenses per month at age of 60 yrs, then by the time they turn 70 yrs, it will increase to 65,000 per month. However, a human mind is not able to access the impact of inflation over long periods of time.

In short, you need to convey that they need to generate a higher return on their investment and need to have a balance between safety and returns. Yes, some expenses may go down, but many other expenses may come up too. This is more true for those whose children do not live with them and they may end up living all by themselves.

A lot of senior citizens may not be thinking about these points.

#5 – Get them started with a very small amount

The next step is to get them started with a very small amount.

If they have 50 lacs of wealth, maybe you can invest just Rs 1-2 lacs in a short term debt fund and let them see how it’s moving in next 1-2 yrs. Show them the statements every 3-6 months to reinforce the thought that mutual funds are one of the options and they can diversify some part of their portfolio in debt mutual funds too.

I did the same thing when my mother in law wanted to invest a very small amount. She told me that she wants to put a small sum in Fixed Deposit and I told her that I will choose something better for her. I invested it in dynamic bond funds as the money to be put for the long term. Right now the fund CAGR in last 4 yrs have been around 8.8% CAGR.

Why Children should Educate their parents?

I also want to convey two points to you (the children) on why you should educate your parents about mutual funds.

1. Parents money may not be adequate

If your parent’s money is not enough and invested in a wrong manner, then the money will finish off sooner than they imagine and that would mean that you will be dipping into your own corpus to fund their retirement needs after 10-15 yrs.

Nothing wrong in that, as our parents have raised us and we are all successful because of their blessings, but when its possible to do better than what they are doing currently, there is no harm in pushing a bit into right retirement planning. A robust and tax-optimized portfolio shall be created which also generates better pension for them.

We at Jagoinvestor has been helping many retired or close to retirement clients (with corpus in range of 1-5 crores) to design and manage their retirement money. You can check out our retirement services brochure to know more

2. Legacy will come back to you

A lot of people do not get inheritance as the wealth is mismanaged by parents and is not put to the right use. If you make sure that your parent’s wealth is properly invested, that also means that a part of it may come back to you as an inheritance. And this may mean your own retirement corpus may get a bump.

If you are in your 30’s or 40’s right now, then your parent’s wealth will come to you as an inheritance after another 30-40 yrs and those many years of compounding can do wonders to your own retirement planning.

Conclusion – It’s not easy, but worth a try!

I know this is a tough nut to crack and many people may not be successful, but still, you can give it a try.

You never know if parents may be ok to invest some part in mutual funds. Just avoid asking them to shift all their investments to high-risk funds. As and when they get comfortable with mutual funds concept

Do let me know what are your thoughts on this and if you can share any tip on how to convince your parents to try out mutual funds investments?

10 unconventional financial goals which we came across from investors!

Today I want to share something interesting with you. I recently asked my team to share with me some very unconventional and “hatke” financial goals of our clients.

Generally, when we all talk of financial planning, we feel its just about the boring-sounding goals like Retirement, Children education, Children marriage, Buying House & Home Renovation etc. But its not true. We all have very special and unconventional dreams which we want to achieve. So I just compiled some unconventional goals of some of our clients.

Unconventional Financial Goals from Investors

Here are 10 unconventional finance goals of some of our clients which my team was able to recall.

1. Taking a 2 yr break from work

One of the clients has a goal of taking a 2-3 yrs long break from his work. He wants to explore what he is good at or not?

He is great at his current job and love doing it. But somewhere deep down he wants to know if there exist other areas of life he can make his profession and that is not possible unless he takes a very long break.

He was already working from last 11 yrs and within next 4-5 yrs he wanted to take a big break for 2 yrs, so that he can pursue his interests, like travelling, writing, research, volunteering or other activities and also take some quality rest. I know this sounds a bit risky, but its his life and we better not judge others decisions.

2. Send Parents on a World Tour

One of the clients wants to gift her parents a world tour (travelling to different destinations in 5 yr period) and wants to create a big corpus specifically earmarked for this goal. Her childhood was full of struggle and her parents almost never took vacations. But now she is earning well and she wants to pay back to her parents in whatever way she can.

She wants to now create a big corpus in a few years, which can be used for regular international tours. I think its a wonderful thought. Somewhere deep down we all want to do this for our parents (and many do), but she chose to make a financial goal and work towards it

3. Reach financial freedom by 45 yrs

Generally, every investor has “retirement planning” as a financial goal, but few of the investors also want to achieve financial freedom much earlier than retirement.

Some people want to get financially free at age of 50, but folks from IT background always mention the timeline as 45 yrs.

Financial Freedom is a situation where you have not yet retired from work, but you have enough investments which can generate “enough monthly income” to support from financial life for the next 20-30 yrs.

4. Dedicated Corpus for Skill Upgrade

We had this amazing client from Bangalore, who was very sure that if you want to excel and do amazing in your career, you have to deeply invest in the constant upgrade of your skills.

So he wants to create a dedicated corpus which he can dip in every 1-2 yrs and do some courses/workshops for skill upgrade. It can mean taking up online certifications, go for specialized weekend courses in IIM’s (you can pay a fee like 80k to 1 lac and take these courses).

I think this is a sign of high-quality people who think like this for their career enhancement.

5. Medical Expenses Corpus for self/parents

This is not very rare, but not very common too.

Off late we are seeing many investors who want to create a dedicated corpus for the health-related expenses of their ageing parents and even for themselves. In many cases, people do not get health insurance for their parents because of some illness history and these people want to be prepared for large expenses and creating a corpus solely for that.

Even if you have health insurance, many times it may happen that due to emergency you will first have to incur the costs from your own pocket and then you will apply for reimbursement. So this kind of emergency medical corpus can come handy at that time!

6. A road trip from India to London

Check out these 2 bikers from Bangalore who went to London on the bike and travelled 23,500 KM .. It was a dream come true for them. I watched their story and I also felt that someday I want to do it too.

But one of our clients actually has started planning for it, but not on bike!!. He will take a tour package and travel by bus.

There is a dedicated travel agency ( which has started India to London Tour and it costs whooping 16 lacs (one side). However, its a 70 days journey and crosses 18 countries and I am sure this will be a trip of the lifetime!

India to london trip in Bus

7. Start Farming

Some investors are very sure that they want to get into farming after they reach the age of 50 in their corporate jobs and some have actually bought the land already and want to create a corpus to give their farming dream a serious shape.

They want to do the setup and also give it the of business. Most of these investors are clear that they don’t wont to be in jobs till 60th yrs and would like to move on to farming much before that. I am not sure if this will turn into reality for most of them or not. But there is no harm in trying out!

8. Legacy for future generations

Some clients also mentioned their strong desire to create a legacy which can be passed on to their next generation. They were not talking about the properties which will go by default to their family. Here they wanted to create a sum of money within a specified time which will be passed on to their children or grandchildren apart from the properties

9. Business Setup

A lot of investors who are in jobs also want to shift their careers at some point and want to move to business by the time they are in their mid 40’s or 50’s and they have already started accumulating money for the business setup.

A big chunk of these investors are from IT background and they often tell us that beyond 50 yrs they feel it’s going to get tough in the software industry and hence they want to plan out things for their future. Business is not a cakewalk either, but at least they are thinking of their plan B.

10. Charity / Social Work

Very less number of investors actually think about this, but some investors also show a strong desire to create a corpus which will be used for charity purpose itself. Many of our clients have shown deep interest in charity goals. Here are 2 of them

Example #1 – Create a pool of fund to do ongoing charity

One of our clients told us that since his college days, a close group of 5-6 friends had decided that in future they would like to keep doing various social work like for poor kids, senior citizens etc. Now, this clients wants to set up a 25 lacs corpus which will be used solely for this cause.

Example #2 – Create a Hospital in my village

One of our client comes from a very small village and now doing very well in life. His dream is to make a hospital in his village to serve his community and give back to society.

11. Buy a Harley Davidson (Fat Boy)

One of our client’s dream is to go on a  long vacation and cover the whole coastal belt of India. He wants to do a solo trip but on a Harley Davidson bike (Fay Boy Model) which will cost around 18 lacs in today’s terms. He has already started saving for this.

buy a bike harley davidson

What’s your “Hatke” financial goal?

Can you please share one unconventional financial goal for which you would like to plan out?

Also, I would like to hear how was this article and if you enjoyed it?

Why to save & invest money for future? Here are 10 simple reasons

Are you saving for the future? NO or YES?

If you are, then you must be wondering what a stupid question that is, because it’s so obvious that one needs to save money for the future. We all do it anyways!

You are WRONG!

Trust me, in last 10 yrs – we have dealt with so many investors who are not as prudent and forward-looking as you are. Many investors are hand to mouth when it comes to saving money. They are just postponing their savings in future and relying on luck or maybe they are not giving putting enough energy to save money.

So today, I thought of writing about 10 simple reasons why one should save and invest their money for the future. I want these 10 points to act as a reminder to you. Note, when I say “Save” in this article, it means “Save and invest”!

Why to Invest for future? Here are 10 reasons discussed

Let’s start

Reason #1 – It will help you in bad times

We all know that life is dynamic and bad things can happen. One may lose a job and become jobless some day. Or one may need lots of money to admit a loved one in the hospital. You never know what the future has in store!

If you have enough savings with you, you will be able to handle the situation in a much better way and won’t have to run around to others for money. There are always phases in life when things are going bad and if you don’t have savings, it can trouble you!. So savings help you in bad times!

Reason #2 – One day you will stop earning

At times, I am surprised to see many people forgetting this simple point, that one day they will stop earning.

That’s called “Retirement”

I see many people in their 30’s and 40’s behaving as if they will keep getting salary in their bank account all their life. They don’t take enough efforts to save money. They keep delaying their plans to invest and one day they realise that they are now in danger zone!

Dont forget that after you start your job, the expenses will never stop after that, but your earning will come only till you are 55-60 yrs!.

Reason #3 – To have peace of mind

One always feels a sense of security and peace of mind, when you have enough wealth to fall back on.I am talking about the day to day feeling you go through when there is bad news coming in.

Imagine situations like

  • Talks of layoffs in your company
  • Thoughts of getting someone hospitalized in the family.
  • News of your children school raising the fees .. AGAIN!!

All these small things in life will subconsciously haunt you and you will not have peace of mind because you know deep down you have no savings or less wealth. If something happens to your job, how will you manage things?

If you are working for many years, you will agree at there are some tough days, when you feel like just running away from everything and just chill out and enjoy life. You feel tired of corporate life and this rat race and all you wonder is – “If only I had enough wealth in my bank account”! ..

This also leads to a lot of stress and you may feel left-out compared to peers. Hence it’s very important to start saving for the future!

Reason #4 – To Get Financially Free

We all want to reach a stage in life when we dont have to depend fully on our salaries. We all want to create a level of wealth so that its enough to generate some income for us to handle our basic expenses at least. I am talking about financial independence.

When you start working, you have no wealth and you have to rely 100% on your salary. But over time, your wealth basket needs to go up in value so that if required – you can take out money if needed.

If someone needs Rs 40,000 a month for his expenses and he has 4.8 lacs savings – they know deep down that they at least have 1 yr worth of money with them.

With 48 lacs – they can last for 8-10 yrs (not considering inflation here)

This way, you reach a point in your life when your wealth itself is enough to create a stream of income which handles your basic expenses at least if not a lavish lifestyle.

Recently I tweeted – “Investing money is nothing but an act of gifting yourself more Retirement days”

If you have started your wealth creation journey on time – you are moving towards your financial independence slowly and maybe somewhere in your 40’s or 50’s (dont confuse this with your retirement) you will have some level of financial independence

Reason #5 – So that you don’t get into the debt trap

Remember that people who are into debt trap today started small. They got into a small debt first, and then they continued it, didn’t manage it well and now after many years, they find themselves into a deep debt trap. Think why they even started with the small debt like credit card debt or a small personal loan of 2 lacs?

Its because they didn’t have enough money saved!!. The root cause of the debt trap is because people do not save for the future, and then slowly have to rely on debt to fund their needs and desires.

Reason #6 – Feeling of Progress in life

Sense of “progress” is very important in your financial life. You may have ZERO bank balance at the start of a career. But if after working for 8-10 yrs, you have very less to show – then its crushes you from inside.

It’s like running for hours, only to realise that you have not moved much. If you do not save on time, then over a period you may feel like a failure because you dont see any progress in your wealth.

I also said in one of my tweets that “If your Net worth if not going up, you are probably a RICH SLAVE” and nothing more than that. Think about it!

And its not too tough to create wealth over time. A small sum of money can also turn out to be a big sum over a long period of time.

Check out how much wealth can you create just with the monthly SIP of Rs 10,000 in 30 yrs

Wealth Creation using SIP in 30 yrs.

So if you have been late till now – START NOW!

Reason #7 – To handle major life events

A lot of major life events are going to come in your life.

  • Kids School fees (recurring)
  • Vacations (recurring)
  • Child Education Higher Education
  • Buying House
  • Upgrading of Car (recurring)
  • Home Renovation
  • Retirement

and lots and lots of small events which will demand money constantly!

What are you going to do – if you will not save enough for the future? Depend on Loans? Get into a Debt Trap?

Starting your wealth creation journey early in life increases the chances of you meeting these financial goals with less stress and on time without compromising on them!

Reason #8 – So that you can spend without guilt!

I have seen enough families who do not take enough vacations or spend properly on themselves enough. They keep cutting corners and often try to show that they are simple people and they dont believe in wasting money. But deep down the reasons is that they just don’t have wealth!

This means that on each occasion, they often feel guilty for spending money. They feel as if they are doing something wrong. They deprive themselves today so that they don’t have to deprive their future-self!

It doesn’t only impact them but their spouse, kids, parents and everyone around them at some level. A good financial life is not about just saving money, but spending money sensibly!

So start your saving today to that in future, when you have to spend money on things you love, you can do it with free mind without any guilt feeling!

Reason #9 – To explore an alternate career

A lot of people are not happy with their jobs. They feel stuck and they want to do something about it. But once you take a home loan and don’t possess any other skill, it becomes a permanent job for you.

You cant quit and explore other career choices because you have no backup plan. Forget switching career, ask yourself if you can even take a 2-3 yrs break from the job? Do you have enough wealth to support that?

If you save enough today, there will be a time when you will feel more comfortable to take that kind of tough decision. Having wealth on your side – gives you enough power to tell your boss that he sucks and that you are not coming from the next day!

You will be able to take calculated risks in life and try out many things .. so start saving now!

Reason #10 – Do that you can leave a legacy

I have many friends who have got enough legacy from their parents. Their money issues are partially solved. Imagine someone in a big city (Bangalore or Mumbai) whose parents are going to leave them a house or a big portfolio/business.

Only a person is burdened with a big EMI and no future inheritance can understand what I am speaking about.

One of my close friends has a Rs 10 crore net worth today (he is just 35 yrs age) all created by his grandfather. He has his own home, other properties and few income sources. Imagine how it would be for you if you were to acquire a lot of wealth from your ancestors!. What would be your mental state?

I am not saying that this itself will solve all your life issues, but you have one big less thing to worry about in life. You just build upon that!

You don’t get legacy because your parents messed up their retirement and didn’t do enough wealth creation. You can choose to not do that your next generation. I know that its a subjective thing and not everyone is excited or agree with the idea of leaving an inheritance.

Why we don’t save enough money when it’s so obvious?

Below is an excellent video from Shlomo Benartzi on why we don’t save enough and a framework to solve that issue. Listen to it!

A simple financial plan for you to invest your money

So here is a very generic roadmap on what you can do to invest your money

  • First, take enough term plan and health insurance early in life
  • Make sure you have 12 months’ worth of expenses invested in an ultra-short-term bond fund. This will give you good liquidity and decent returns at the same time!
  • Invest 20% – 40% of your take-home income into equities (as you already have debt portion covered by EPF). The options can be a mutual fund, Index funds, direct stocks if you understand it
  • Over time, as you grow older you may also have investments into debt mutual funds to lower the volatility of your portfolio
  • If you wish to, you can also have some fixed deposits – but preferably very less of it
  • If you are investing in NPS already, you have some equity exposure!
  • Stay away from an endowment and money-back insurance policies
  • You can open a PPF account, but don’t over-invest in it at a young age!

The above suggestions are all generic in nature. If you are interested in wealth creation in a more focused and structured manner, you may want to look at our investments services brochure

Let me know if you liked the article and share your comments