A disciplined strategy will help you meet important money goals
Kolkata-based R. Pathak, 43, who works in the hospitality sector, saw a huge pay cut after the covid-19 crisis broke out, and was forced to stop new investments and even dip into existing ones. “My children’s fees alone make up a large chunk of my outgo. I am also paying off a home loan," he said. Since neither the fees nor the home loan equated monthly instalments (EMIs) could wait, Pathak had to use his emergency fund parked in bank fixed deposits, stop his systematic investment plans (SIPs) and redeem his investments in two mutual funds.