Answer by taking a quote from the following article:

Karisma Kapoor (born 25 June 1974) is a Bollywood actress. One of the most popular and highest-paid Indian actresses, Kapoor is particularly known for her work in female-centric films and her roles have been credited as a significant departure from the traditional portrayal of women in Hindi films. Kapoor is often regarded as the nation's most beautiful actress, and is the recipient of several accolades, including a National Film Award and four Filmfare Awards. Born and raised in Mumbai, she is a member of the Kapoor family, where her parents and other relatives are all involved in the Indian film industry.

Kapoor was born on 25 June 1974 in Mumbai, to actors Randhir Kapoor and Babita (nee Shivdasani). Her younger sister, Kareena, is also an actress. Her paternal grandfather was the actor and filmmaker Raj Kapoor, while her maternal grandfather was actor Hari Shivdasani. Her great-grandfather was actor Prithviraj. She is the niece of actors Rishi and Rajiv, and insurance agent Ritu. Actor Ranbir Kapoor and businessman Nikhil Nanda are her first cousins, while actress Sasha Agha is her distant relative. Actress Sadhana was her mother's first cousin. According to Kapoor, the name "Lolo" was derived after her mother made a passing reference to the Italian actress Gina Lollobrigida. Both of her paternal and maternal grandparents were from Peshawar, Lyallpur and Karachi respectively, who moved to Bombay for their film careers before the partition of India. Kapoor is of Hindu Punjabi descent on her father's side, and on her mother's side she is of Sindhi and British descent.  She was particularly inspired by the work of actresses Sridevi and Madhuri Dixit.  Despite her family background, her father disapproved of women working in films, because he believed it conflicted with the traditional maternal duties and responsibility of women in the family. This led to a conflict between her parents and they separated in 1988. She and her sister Kareena were raised by their mother, who worked several jobs to raise them, until she made her debut in films as an actress. The couple reconciled in 2007, after living separately for several years. Kapoor studied at the Cathedral and John Connon School and later, for a few months at Sophia College.

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