Money Guru: How To Fix The Risk? Expert Decodes 3 Step Plan Of Risk Management

Buy life insurance before investing money. Pure risk plan, definitely buy term insurance. Take a term plan cover of 20-25 times the annual income. Take health insurance at the beginning of the working year. Keep separate capital for any requirement. Build a fund for expenses of at least 6 months. Keep emergency money in bank FD, liquid debt fund. Risk Management is the right step before investing. Take exposure in different market caps. Invest in Large-cap, Mid-cap and Small-cap funds: Hemant Rustagi, CEO, Wiseinvest Advisors.