How To Reach Financial Goals Before Time

Dr. Saurabh Banerji, 43, is a Lucknow-based medical practitioner. His wife, Rubina, is a businesswoman. They have a daughter, aged 16 years. Banerji invested in a few mutual fund schemes in 2006, when his daughter was born, in order to save for her future. But he made a few fundamental mistakes. He invested on someone’s advice, without checking whether his investments were aligned to his goals. In addition, he never took any professional advice. He carried on with his investments as usual, and then the global financial meltdown of 2008 occurred, reducing his investments to half. Worse, even in 2012, six years after his initial investment, the values had not returned to a level that could give inflation-beating returns. This naturally got him worried. It was then that Banerji came across city-based mutual fund distributor Pallav Tewari, the proprietor of Jayasha Financial...