Please suggest some schemes to invest in, build an emergency corpus, get insurance, and other steps. Short-term goals are buying a car, and a vacation abroad and long-term goals are child’s education and my retirement. Once the insurances are in order, start creating a corpus for various goals. Do consider mutual funds and create a portfolio mix of large-cap, multi-cap and mid-cap equity funds. I also have investments worth Rs25 lakh in mutual funds and stocks, and my wife’s gold is worth Rs32 lakh approximately.

Source: Mint January 30, 2018 10:41 UTC