Hello,

My personal details are as follows:

Age : 32 Years
Annual Income from salary : 3.75  lacs
Dependents are : Wife and (1 Kid 3.5 Years)

Following are my financial plannings:

Term Insurance of 50 lacs from BhartiAXA
Term Insurance of 10 lacs from Life Insurance Corporation of India
Health Insurance of 2 lacs from Apollo Munich
Accident Insurance of 4 lacs from SBI General Insurance
Pay LIC premium for my mother’s policy : 3500 Rs. Yearly
Monthly Investment in PPF account is 1000 Rs.
Monthly SIP in SBI mutual gold fund is 500 Rs.
Monthly RD account is : 2000 Rs.

My first question is that i am doing right investments /savings or going any wrong directions, please suggest some one. And second question is that i would like to save for education/marriage of my kid 3.5 years of age, so please suggest where to invest like Mutual fund or other areas.

If someone suggest for mutual fund then also please advice which fund should i select and how get right fund or company for the same.

Thanks