Dear sir,

I am aged 38 and working in a private concern. I earn 13Lac pA. I am married, having two daugthers, aged 4 & 6. I own a house, which as per present market value come to 1cr. I have Housing loan to pay for 15Lacs. I have PPF for 6 lacs. Apart from this, i do not have any savings, Life Insurance, Mutual Funds etc. Medical insurance is provided by my company.

I can manage all my expenses with 35k INR pm and can save 40k INR every month. I want to start saving and please advise me the best savings plan available. I also need to keep my daughters education and their marriage in mind.  I am willing to take reasonable risk for the ROI. I will continue working for another 15 Years.