How portfolios get messy
Many people own a mix of things picked up over the years: a policy from a relative, a fund a colleague mentioned, some shares from a tip. Nobody ever asked what any of it was for.
Put a number and a date on it
"My child's education" becomes a real goal once it has a cost and a year attached. Allow for inflation too, because something that costs ₹20 lakh today will cost a lot more in fifteen years.
Let the date decide the risk
Money you need in two years shouldn't be in equity. Money you need in twenty probably should be, at least in part. As the date gets closer, move slowly into safer options.
Look at your plan once a year. It won't remove the uncertainty, but you'll know if you're on track.
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This is general information. It isn't personal advice. Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Insurance is the subject matter of solicitation. Past performance does not guarantee future results.