Parents need to have five-year plans for kid's finances: Radhika

Edelweiss Mutual Fund CEO Radhika Gupta said parents should have five-year plans to manage their kid's finances. "Parents should create a life plan early on that includes their recurring expenses. The plan should outline expenses during the early years, primary school years, and period between the child's 10th and 18th birthdays," she said during a conversation with actor R Madhavan.