Amitesh Das’s immediate priority should be to lay down the basics that will help meet even the long term goals easily
![First things first](https://magarticles.magzter.com/articles/242/192491/5818a085731f8/First-things-first.jpg)
Amitesh Kumar Das (32) lives with his homemaker wife Tulika (28) and parents in Bengaluru and works for a private firm. At the outset it is clear that he is looking way too ahead. Agreed one should plan for events in life but planning is a step by step process and should focus on goals which are nearer.
He first needs to get his foundation right by paying off the personal loans, creating an emergency fund, and taking a life and health insurance.
Securing the cash flow
Amitesh is the only earning member and has three dependents. Therefore it is very important that he considers enhancing his life insurance cover from ₹3.5 lakh to ₹1.5 crore. The best and cheapest way would be to go for a term cover. In the same vein, Amitesh and his wife should buy a separate health cover for themselves even though they are covered by his employer and should include a maternity cover. Since his parents are not covered by his employer, he should consider a comprehensive health policy for them.
This story is from the November 2016 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2016 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![THREE STOCKS MFs WENT BANANAS OVER](https://reseuro.magzter.com/100x125/articles/242/1721877/Xf7evgxJI1717504850416/THREE-STOCKS-MFS-WENT-BANANAS-OVER.jpg)
THREE STOCKS MFs WENT BANANAS OVER
When you invest in mutual funds, you are indirectly investing in stocks. So, we decided to find out which are the stocks most mutual funds in the equitylinked savings scheme, flexi-cap, multi-cap and large-and-mid-cap categories invest in. We analysed 149 funds that have a broad mandate to invest in a wide array of stocks and came up with the three stocks that most mutual funds invest in
![5 Tricky Travel Questions, And 1 Foolproof Travel Plan](https://reseuro.magzter.com/100x125/articles/242/1721877/MjiIwlwTK1717505272384/crp_5-TRICKY-TRAVEL-QUESTIONS-AND-1-FOOLPROOF-TRAVEL-PLAN.jpg)
5 Tricky Travel Questions, And 1 Foolproof Travel Plan
Now that you have finally bid goodbye to your worklife, you have all the available time at your disposal to satiate your travel bug. But before you set sail on your wanderlust, here are a few things you should keep in mind
![Save As Per The Corpus You Need](https://reseuro.magzter.com/100x125/articles/242/1721877/A62SCkLMx1717506794087/SAVE-AS-PER-THE-CORPUS-YOU-NEED.jpg)
Save As Per The Corpus You Need
I am 29. I started investing in mutual funds (MFS) two years ago. I invest ₹2,000 each in three equity funds-multicap, focused equity and multi asset allocation-every month.
![Short Selling](https://reseuro.magzter.com/100x125/articles/242/1721877/lwI8q7x651717506511676/SHORT-SELLING.jpg)
Short Selling
The capital markets regulator, the Securities and Exchange Board of India (Sebi), recently issued a new circular which said that while placing orders, institutional investors will have to inform in advance whether the transaction is short selling or not. The order also said that retail investors would be allowed to make similar disclosures till the end of trading hours on the day of the transaction.
![Mind Exclusions Before Buying Policy](https://reseuro.magzter.com/100x125/articles/242/1721877/oy0KEkGzF1717506191962/MIND-EXCLUSIONS-BEFORE-BUYING-POLICY.jpg)
Mind Exclusions Before Buying Policy
I am a 29-year-old software engineer. I got married a year and a half ago and currently reside with my parents.
![HOW AVERAGES CAN RUIN THE MATH](https://reseuro.magzter.com/100x125/articles/242/1721877/X7Raw_3rE1717505763208/HOW-AVERAGES-CAN-RUIN-THE-MATH.jpg)
HOW AVERAGES CAN RUIN THE MATH
Calculating a retirement corpus on the basis of average returns can have disastrous consequences as different sequence of returns can lead to different outcomes
![Calls For Urgent Action As India Braces For Dementia Crisis](https://reseuro.magzter.com/100x125/articles/242/1721877/oTV7lSegM1717505657779/CALLS-FOR-URGENT-ACTION-AS-INDIA-BRACES-FOR-DEMENTIA-CRISIS.jpg)
Calls For Urgent Action As India Braces For Dementia Crisis
As the ageing population grows, the threat of Alzheimer's disease has also spiked, drawing attention to whether India is prepared to provide the medical support it calls for.
![ANNUAL REPORT CARD](https://reseuro.magzter.com/100x125/articles/242/1721877/FyFGcMRUz1717504557622/ANNUAL-REPORT-CARD.jpg)
ANNUAL REPORT CARD
The Indian equity market is in an upbeat mood, and almost all the funds in the OLM 50 list are among the top five funds in their respective categories in terms of performance.
![Don't Just Blindly Follow Maxims](https://reseuro.magzter.com/100x125/articles/242/1721877/h80Xpr0OO1717504132063/DONT-JUST-BLINDLY-FOLLOW-MAXIMS.jpg)
Don't Just Blindly Follow Maxims
The given investment maxims have proven relevant most of the time, but they are not carved in stone. Investment strategies should be tailored to individual situations
![IS YOUR fund FARING WELL?](https://reseuro.magzter.com/100x125/articles/242/1721877/rR2APxgLB1717503606933/IS-YOUR-FUND-FARING-WELL.jpg)
IS YOUR fund FARING WELL?
Outlook Money's India's Best Funds 2024 issue aims to empower you with valuable insights and analysis, to help you make informed decisions on the funds you already own or the ones you plan to invest in