With cost of higher education shooting up, fixed income options are unlikely to help you save for your child’s future. You need to aim for equity returns.

It was about half a century ago, that Mutual Funds first set shop in India. Unit Trust of India(UTI), which came into existence from an Act of Parliament in 1963, launched its maiden scheme “Unit Scheme 1964” (fondly shortened to US-64 by investors). Private sector funds joined the industry after SEBI came into existence and scripted a set of regulations for Mutual Funds.

Owning your first house is never easy. However, if you have managed to fully repay your home loan, consider yourself smart and fortunate. Rakesh and Rekha are one such smart couple.