Saturday, December 06, 2025 | 06:56 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

From SIP to provident fund: Expert answers to queries on financial planning

If you do not understand financial management, then you must hire a financial advisor

money, tax, financial planning, savings
premium

Kartik Jhaveri
I have twin sons. They are one-year-old at present. We intend to gift them a gap year at age 20 or 21 to travel the world. My goal is to create a corpus of Rs 15 lakh for each of them. Systematic investment plans (SIPs) worth Rs 20,000 is what I can afford. Which schemes should I invest in? I am a high-risk investor. 

That is a beautiful idea, but a Rs 15 lakh budget may not suffice. The good news is that you are in a position to invest Rs 20,000 every month. You will be able to amass about