Is there insurance for job loss in India? Here's what expert says

Kartik Jhaveri answers all your financial planning queries

I am 43 years old and single. My parents have a pension. I work with a shipping company. I have Rs 40 lakh parked in Employees Provident Fund (EPF) and Rs 5 lakh in fixed deposits (FDs). I have Rs 2 lakh invested in two arbitrage funds. I also have Rs 38 lakh invested in Portfolio Management Schemes (PMS) and another Rs 8 lakh worth of cash with PMS. I also have SIPs worth Rs 60,000 a month in small-cap and mid-cap funds. I want to move out of PMS, but am willing to wait till the market turns around.