Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
I am a 60-year-old woman with a moderate risk profile and no liabilities. Our monthly outgo of Rs 60,000 is taken care of by my husband. Both my children are settled in the US. We have a health insurance policy of around Rs 25 lakh. There are some investments with me as first holder and my husband as the second holder or nominee. These include Rs 70.4 lakh in bank FDs, Rs 10.8 lakh in REC and EC bonds, Rs 9 lakh in Post Office MIS, Rs 9.90 lakh in post office term deposit, Rs 15 lakh in SCSS, Rs 40 lakh in shares (Tata Power + ITC) and Rs 0.13 lakh in ELSS funds. I want to invest Rs 15,000 to Rs 20,000 (FD interest) every month in inflation beating investment options for 4-5 years to earn 10-12 % returns. I am not interested in PMVVY. I should be able to transfer the amount seamlessly to my children. We may settle in the US in future.