Category: ET Money Answers

“I am a salaried individual with a monthly income of Rs. 1 lakh and expenses of around Rs. 70,000 every month. Currently, I have savings of around Rs. 3 lakh in my bank account for emergen...

Many of my friends have recently started investing in SIP. I also want to invest in it. But I don’t understand the difference between Mutual Fund and SIP. How does SIP work? - Prasad Ragha...

“I want to give my child the best possible higher education. So, I plan to save around Rs.50 lakh in the next 15 years. How can I build this Rs.50 Lakh corpus in the next 15 Years?” - Us...

“I want to purchase my first car within 5 years. The car I have chosen currently costs Rs. 10 lakh and I want to save enough to buy the car without taking a car loan. What is the best way ...

“My daughter is 3 years old, and I have started investing in the Sukanya Samriddhi Yojana to accumulate funds for her higher education. Will this investment be enough, or do I need to make...

“I save around Rs. 20,000 every month. Can Mutual Funds make me a crorepati? If yes, what should I do to earn Rs. 1 crore?” - Sudam Mehta You want to accumulate Rs. 1 crore by investing...

“As part of my Retirement Savings goal, I want to save Rs. 50 lakh in the next 5 years. How can I achieve this investment target?” - Avinash.  Your plan to save Rs. 50 lakh within the ...

“Can Mutual Funds make me a crorepati in 10 years? How much should I invest to earn Rs. 1 crore?” - P Paban Kumar. Most of us grew up with the aspiration to become a crorepati. While in...

“I am planning to buy a new car. How much money should I save in order to purchase the new car?” - Sanjay When planning to purchase a car, the very first thing you will need to consider...