How to Navigate Finances After Personal Loss? | Money Matters Ep. 73 | Ankur Warikoo Hindi

"Take term insurance and my advice would be to take at least Rs 1 crore. Do it till the age of 60..."

"We will invest it in a debt mutual fund for one year. This mutual fund does not invest in the stock market but invests in debt or fixed income. You get a little more in fixed deposit. This will give you anywhere between 6 to 7% right now..."

"Firstly, you can deposit ₹1 lakh. In a mutual fund in the stock market. NFT 50 will be the safest..."

"...and you can invest the remaining 10 lakh in a corporate bond mutual fund. So this Rs 10 lakh will become around Rs 22 lakh which you would have invested in Nifty 50 and the one in your corporate bond will probably give you 9%..."

"The first ₹1 lakh corporate bond mutual fund will give you a return of around 9%."

"Then we will invest ₹20 lakh in NFT 50 so that it gives you a little stock market return..."

"...and the remaining ₹1 lakh we can take a little more risk and we will invest it in a flexi cap mutual fund which on an average can give you a return of 15% instead of 12%..."

"After 10 years, your 40 lakh rupees would have become around ₹1 crore 6 lakh rupees. And after 20 years, this same ₹40 lakh would have become around 4 crore 12 lakh."