Reader's corner: Is Mutual Fund a better long-term investment for a child?

You must consider a systematic investment plan in an equity mutual fund

Does it make sense to buy a term plan for a housewife, given that she does not earn?

It does not make sense to do so as there is no one financially dependent on the housewife. A small amount of term plan may be obtained from an emotional point of view. I don’t think most insurers will be willing to underwrite this policy for a large amount.

Gilts and long-duration funds have done well in the recent past, offering better returns than short-term funds. If I want to take exposure to longer-duration funds, which category should I opt for, and how much