Makhan, Matki aur Money — The Janmashtami Wealth Quiz

Question 1

Krishna never stole a whole pot at once — just a fistful at a time, every single day. A ₹5,000 monthly SIP earning 12% p.a. grows to roughly how much in 20 years?

Accepted Answer

~₹50 lakh — total invested is ₹12 lakh, the rest is compounding.

Question 2

What is the equivalent shelter in a salaried professional's plan to Krishna lifting Govardhan, and how big should it be?

Accepted Answer

An emergency fund of 3–6 months of essential expenses.

Question 3

In a Dahi Handi pyramid, the base takes the weight. What belongs in the base layer of a financial plan?

Accepted Answer

Emergency fund plus adequate health and term insurance.

Question 4

For a 35-year-old earning ₹20 lakh a year with dependants, what's the widely used thumb rule for term life cover?

Accepted Answer

10–15x annual income, roughly ₹2–3 crore.

Question 5

An investor holds 14 equity funds, six of them large-cap. What's most likely true of the portfolio as a whole?

Accepted Answer

The funds hold largely the same top stocks — the portfolio behaves like an index, at active-fund cost.

Question 6

Someone carrying a home loan, a car loan, and a revolving credit card balance has surplus cash this month. Which should they clear first?

Accepted Answer

The credit card balance — the interest rate is far higher than the others.

Question 7

Which statement correctly describes the role of an AMFI-registered Mutual Fund Distributor?

Accepted Answer

They help you choose suitable schemes and stay invested — every decision and every rupee stays yours.

Question 8

Among ELSS, PPF, ULIP and NPS Tier-I, which has the shortest statutory lock-in?

Accepted Answer

ELSS — 3 years.

Question 9

What has historically cost investors the most — the gap between what funds returned and what investors actually earned?

Accepted Answer

Investor behaviour — entering after rallies, exiting during falls.

Question 10

Applied to a 15-year SIP for your child's education, what does 'you have the right to the action, not to its fruits' mean in practice?

Accepted Answer

Control the contribution, the asset allocation, and the review cadence — not the yearly return.

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