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Moneywize |102 Answers |Ask -Follow

Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 20, 2024Hindi

I have submitted my Form 15 to my bank in April 2023. My income falls under the non-taxable category against interest received from bank FDs. Bank has not deducted any TDS up to September 2023 but from October 2023 they have started deducting TDS on FD interest earned by me saying that interest earned on my FDs have crossed the limit of Rs 5 lakh. Is the bank right in deducting tax citing this reason? Please enlighten me.

Ans: No, the bank is likely not right in this case. Here's why:

• Form 15G validity: A valid Form 15G submitted before April 1, 2023 is applicable for the entire financial year 2023-24 (assessment year 2024-25). This means if your income falls under the non-taxable category, the bank shouldn't deduct TDS on your FD interest for the entire year.
• TDS exemption limit: The current exemption limit for TDS on FD interest is Rs 40,000 for individuals below 60 years old, and Rs 50,000 for senior citizens (above 60 years old). There's no limit of Rs 5 lakh for TDS deduction on FD interest.

Here's what you can do:

• Reach out to your bank: Inform them that you submitted a valid Form 15G and your income falls under the non-taxable category. You can clarify the exemption limit and point out the mistake.
• Request rectification: Ask the bank to rectify the error and reverse the TDS deducted on your FD interest from October 2023 onwards.
• Seek professional help: If the bank doesn't resolve the issue, consider seeking help from a tax consultant or financial advisor. They can guide you further on how to claim a refund for the deducted TDS.

Additional points to consider:

• Ensure you have a copy of the Form 15G submission acknowledgement for your records.
• Keep a record of any communication with the bank regarding the TDS deduction.

By following these steps, you should be able to resolve the issue with the bank and avoid unnecessary TDS deduction on your FD interest.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Vivek - Mar 19, 2024Hindi

Hi, my age is 29. Married. My daughter is 8 months old. My monthly salary is Rs. 1.33L PM. Monthly expense - Rs. 35,000 Current commitments are: Home Loan EMI - Rs. 43,535 (8 months completed. 30 years tenure) Term Insurance - 1cr (Annual premium - Rs. 36,000 for 10 years. 7 more premium pending) Current NPS Balance - Rs. 75,000. Investing Rs. 15,000 pm SSY - Rs. 12,500 pm. APY - Rs. 409 pm I'm planning to save for Emergency Corpus Fund, get a medical insurance floater policy. My short term goal is to save Rs. 20 lakhs within 4 years for registeration and interior work for house. My long term goals are for daughters UG education, wedding, retirement at 55 years. I took investment risk test and Im an aggressive investor and planning to invest more on equity. Also, I want to diversify the portfolio and invest across asset class.

Ans: It's great to see your proactive approach to financial planning! With your solid income and clear goals, here's a suggested plan:

Emergency Corpus Fund: Aim for 6-12 months' worth of living expenses in a high-yield savings account for emergencies.
Medical Insurance Floater Policy: Ensure adequate coverage for your family's healthcare needs, including your daughter.
Short-Term Goal - House Expenses: Consider a mix of equity and debt mutual funds for potential growth while safeguarding against market volatility.
Long-Term Goals - Daughter's Education, Wedding, Retirement: Continue investing in equity through mutual funds or stocks for higher returns over the long term. Also, explore options like PPF, NPS, and diversified funds for diversification across asset classes.
Review and Adjust: Regularly review your portfolio's performance and make adjustments as needed to stay on track with your goals.
Remember, financial planning is dynamic. Consulting a Certified Financial Planner can provide personalized guidance tailored to your unique circumstances and aspirations. With discipline and strategic investing, you'll be well-positioned to achieve your financial dreams.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Nitin - Jan 19, 2024Hindi

I want to invest 5 lakhs one time investment in mutual fund purely for growth. Which fund would give higher returns in short period of time.

Ans: When seeking higher returns in a short period, it's important to acknowledge the associated risks. Equity funds historically offer greater potential for growth but come with volatility.

Consider diversified equity funds or mid-cap funds known for their growth potential. However, past performance doesn't guarantee future results. Research thoroughly and consult a Certified Financial Planner to align investments with your goals and risk tolerance.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Ravi - Mar 28, 2024Hindi

Hi Jinal, We both partner are 40 year old. These days after having second child (9 month old), I am bit worried about my both sons (Elder one 10 year) future. We couple currently earning 3.5 Lack per month together (In hand). I am investing 15 thousand in LIC SIIP (Last two year), 25 thousand in SIP (SBI, Last two year), and nearly 20 thousand in LIC per month (Last 10 years). I do invest 1.5 Lacks in PPF every year (Last 13 year). With all this investment can i reach a core plus of 60 Lac (For younger one education) by 2030 and another 1 Cr (For Elder one education and marriage) by 2040. I don't have to plan our retirement as we both are government employee and automatically investing in NPS as per government rules (Current value of NPS is 80 Lack combined). Is this investment is sufficient or i have to increase further for our sons education. One more thing I do investment in gold also (Physical) approximately 3 Lack per year from last 2 years.

Ans: It's heartening to hear your dedication to securing your children's future amidst the joys and challenges of parenthood. Your commitment to various investments, including LIC policies, SIPs, and PPF, reflects your foresight and responsibility.

While your current investments provide a solid foundation, it's essential to regularly review and adjust your financial plan. Consider consulting with a Certified Financial Planner to assess if additional contributions or adjustments are needed to meet your ambitious goals.

Remember, financial planning is a journey, and flexibility is key to adapting to life's twists and turns. With careful planning and guidance, you can navigate towards a brighter future for your children with confidence.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Mar 27, 2024Hindi

is insurence ( TATA AIG)avl for resurfaciIng of hip joints

Ans: Insurance coverage for hip joint resurfacing can vary depending on the terms of your policy with TATA AIG. It's essential to review your policy documents or consult with a representative to understand the extent of coverage for this specific procedure. Additionally, discussing your medical needs with your healthcare provider can help determine the best course of action and explore potential insurance options.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Yogesh - Mar 26, 2024Hindi

Dear Sir, I am investing Rs 70,000 per month in HDFC Top 100 growth direct plan and will reach 1 Cr (investment) in next 15 years. If I switch to SWP for next 10 years after I have invested 1 Cr then, how much will I get per month?

Ans: Your commitment to investing for the future is commendable! However, predicting exact returns can be tricky due to market fluctuations. Instead of fixating on specific numbers, focus on building a diversified portfolio aligned with your long-term goals. Consulting a Certified Financial Planner can provide clarity and help navigate uncertainties, ensuring your financial journey remains on course.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Mar 21, 2024Hindi

I and my husband earn 2.7lakh monthly. How to plan investment and savings for future.

Ans: Allocate a portion of your monthly income towards emergency savings, debt repayment, and retirement accounts. Consider investing in mutual funds or fixed deposits for long-term growth. Consult a financial advisor for personalized guidance based on your goals and risk tolerance.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Jan 24, 2024Hindi

I'm retiring in july2024, I'll be getting about 2 cr PF amount and about 1Cr is there in NPS account. Do I have to deffer NPS to save tax and invest PF amount in fixed income schemes and equity for growth.

Ans: As you approach retirement, it's natural to reassess your financial strategy. Consider the tax benefits of deferring your NPS withdrawal while investing your PF amount wisely. A Certified Financial Planner can guide you in allocating your funds between fixed income and equity, balancing stability with growth potential. Reflect on your long-term goals and seek professional advice to ensure a secure and fulfilling retirement journey.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Sumit - Apr 18, 2024Hindi

I have started investment in Mutual Funds two months ago. My portfolio are as follows- 1. Quant Large cap- 4k 2. Parag Parikh Flexi cap- 4k 3. Motilal Oswal Mid cap- 4k 4. Quant Small cap- 4k 5. Quant Infrastructure fund- 2k 6. Aditya Birla PSU fund- 2k Total SIP is 20k per month. Please review my portfolio and give your valuable suggestions regarding adding/removing any MF or changing in allocation of investment, if any.

Ans: However, it's important to consider the risk associated with each category and ensure it aligns with your investment goals and risk tolerance. Mid-cap and small-cap funds, for example, tend to be more volatile but offer higher growth potential, while large-cap funds provide stability.

Given your current portfolio, you might want to review the performance of each fund and assess if any adjustments are needed. Consider factors like fund manager expertise, track record, expense ratios, and portfolio holdings.

Additionally, it's always a good idea to periodically rebalance your portfolio to maintain your desired asset allocation and risk profile.

Lastly, consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your financial goals and circumstances.

With careful monitoring and strategic adjustments, you can optimize your mutual fund portfolio for long-term growth and stability.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by KJ - Apr 18, 2024Hindi

Hi sir, I am getting retired in May-2024. I am expecting retirement corpus of 50lakhs. I need monthly expenditure of 50000 for next 12years. I don't have any savings now except above. I don't have any liabilities as children are well settled. Kindly advise.

Ans: Planning for retirement can feel overwhelming, but with careful consideration, you can ensure a comfortable and secure future.

Given your retirement corpus of 50 lakhs and monthly expenditure requirement of 50,000, it's crucial to strategize how to make your savings last.

Have you thought about investing a portion of your retirement corpus in a combination of fixed income instruments like Senior Citizen Savings Scheme or Post Office Monthly Income Scheme to generate a steady monthly income?

Additionally, consider allocating a portion of your corpus to conservative mutual funds or diversified equity funds to help your savings grow over the long term while managing risk.

It's also wise to have an emergency fund set aside for unexpected expenses to avoid dipping into your retirement savings prematurely.

Lastly, consulting with a Certified Financial Planner can provide personalized guidance and ensure your retirement plan aligns with your goals and risk tolerance.

With careful planning and prudent investment decisions, you can enjoy a financially secure retirement.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Savendra - Apr 19, 2024Hindi

Sir, I have recurring deposit scheme from last 5 yrs but I am getting less interest, my Recurring deposit is 50 K for 7 yrs. But ultimately I am not getting handsome return after investing huge amount in 7 yrs. please suggest me alternative option so can witch over and can get better interest and return. Pl suggest in better way

Ans: It sounds like you're seeking better returns on your investments, and that's a smart move. While recurring deposits offer stability, they might not always provide the returns you're hoping for, especially considering inflation.

Have you considered exploring other investment avenues like mutual funds or fixed deposits with higher interest rates? Mutual funds offer the potential for higher returns over the long term, although they do come with some level of risk.

Alternatively, fixed deposits from banks or non-banking financial institutions might offer more competitive interest rates than your current recurring deposit scheme.

Remember, it's crucial to assess your risk tolerance and investment goals before making any decisions. Consulting with a financial advisor can help you explore options tailored to your needs and preferences. Here's to finding an investment path that brings you closer to your financial goals!

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Devalla - Apr 17, 2024Hindi

Sir I paid 5 premiums of Sbi Life smart wealth builder 1 lakh per annum with 50 percent equity and 50 in balanced what should I do. I am 54 years old.

Ans: It's understandable to reassess your financial commitments, especially as you near retirement age. Your decision to review your SBI Life policy is a wise one.

Considering scheme performance and charges, surrendering the policy and reinvesting in mutual funds could align better with your goals. Mutual funds offer flexibility, diverse investment options, and potentially higher returns.

Reflecting on this transition, it's essential to appreciate the lessons learned from your previous investment choices. Life is a journey of growth and learning, and adjusting our financial plans is a natural part of that process.

Consulting with a Certified Financial Planner can provide valuable guidance tailored to your specific needs and aspirations. Remember, it's never too late to realign your financial strategy to better suit your circumstances and goals.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 18, 2024Hindi

Hello Sir, I'm 35 year. And getting 28lpa. Currently I'm invest in 6 SIPs (31k) monthly, 5k in NPS, 26k is personal loan, 17k car emi and purchasing 15k stock in every month. Stock buying I started from jan2024. I have around 25lakh in my sip fund and 10lakh other fund. Now I'm planning to buy a home that cost around 90 lakh. So my question is, can take the 80% home loan and keep my SIP. Or withdraw my all sip fund and reduce home loan amount. Btw my personal loan will complete end of this year. Please suggest withdraw the sip fund is good option or taking the home loan is good option.

Ans: It sounds like you're making some big financial decisions, and it's great that you're considering your options carefully. Taking out a home loan while keeping your SIPs intact could be a strategic move. It allows you to maintain your investment momentum while also spreading out the cost of your home purchase over time.

However, withdrawing your SIP funds to reduce the home loan amount could also be a viable option. It would lower your debt burden and potentially save you on interest payments in the long run.

Before making a decision, consider factors like the interest rates on the home loan versus the potential returns on your SIP investments. Also, think about your long-term financial goals and how each option aligns with them.

Consulting with a financial advisor could provide valuable insight into the best course of action based on your specific circumstances and goals. With careful planning, you'll be on track to achieving your dream of homeownership while securing your financial future.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Anand - Mar 18, 2024Hindi

Hello Madam, I have the following Mutual Funds Investments, request you to let me know if these can be continued with or need to discontinue any of them, also please let me know new good performing funds to invest in. One time investment: (1) ICICI/ India Opportunities Fund - Growth - Rs.2,50,000, (2) ICICI/ Value Discovery Fund - Growth - Rs.2,50,000, (3) ICICI / Transporation & Logistics Fund - Growth - Rs.2,00,000. SIP Monthly: (4) Axis Flexi Cap Fund - Regular Plan - Rs.5,000, (5) Canara Robeco Emerging Equities - Regular Plan - Rs.5,000, (6) Aditya Birla SL Focused Equity Fund(G) - Rs.15,000, (7) HDFC Mid-Cap Opportunities Fund(G) - Rs.5,000, (8) ICICI Pru Bluechip Fund(G) - Rs.5,000, (9) Axis Small Cap Fund - Regular Plan - Rs.5,000, (10) ICICI Prudential Technology Fund - Growth - Rs.5,000, (11) L&T Midcap Fund - HSBC Midcap Fund - Rs.5,000, (12) ICIPRU Multi-Asset Fund - Growth - Rs.5,000, (13) ICIPRU Value Discovery Fund - Growth - Rs.5,000. Thank You.

Ans: It's great to see your diversified portfolio. While your current investments seem well-distributed across various sectors and fund types, it's always a good idea to periodically review and reassess your holdings.

For one-time investments, consider evaluating the performance and future prospects of each fund. Are they aligned with your investment goals and risk tolerance? You might want to assess if any fund's objectives no longer match your investment strategy.

Regarding SIPs, you have a mix of large-cap, mid-cap, small-cap, and sectoral funds, which is commendable for diversification. However, keep an eye on the performance of each SIP and consider rebalancing if necessary.

As for new investments, consider funds that complement your existing portfolio while providing exposure to sectors with growth potential. Research and consult with a financial advisor to identify funds with strong track records and promising outlooks.

Remember, regular review and adjustment are key to maintaining a healthy and optimized investment portfolio.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - May 02, 2024Hindi

Hi I am working as a chief manager in a psb I will retire in another 8 plus yrs would like to know if I can have opportunities for early retirement. Like In another three plus yrs. Can you suggest if I need to take up any course so that I can get better opportunites out of the bank

Ans: It's excellent that you're thinking ahead about your career and exploring possibilities for early retirement. Taking up courses or certifications can indeed enhance your skill set and open up new opportunities beyond the banking sector.

Consider courses related to finance, leadership, or even entrepreneurship, depending on your interests and long-term goals. Have you thought about networking within your industry or attending seminars and workshops to stay updated with the latest trends and opportunities?

Remember, early retirement is not just about leaving your current job but also about preparing yourself for the next chapter of your life. With careful planning and continuous learning, you can pave the way for a fulfilling and rewarding transition.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by RAMANA - May 02, 2024Hindi

Sir I am going to be retired in July 24 and will get 50 lakhs as benefits, no pension to us, if I invest in Banks it will get only 9% pa, so I want to invest and draw monthly 25000 and remaining will kept under same investment, which fund is best and Which strategy I have to follow P.V.RAMANA.

Ans: Mr. Ramana. Planning for retirement is a significant milestone, and it's great that you're considering your options wisely. Given your desire for a steady monthly income post-retirement, have you explored mutual funds that offer regular income through Systematic Withdrawal Plans (SWPs)?

When choosing a fund, it's essential to consider factors like your risk tolerance, time horizon, and liquidity needs. Have you thought about diversifying your investments across asset classes to manage risk effectively?

Additionally, have you considered consulting with a Certified Financial Planner to tailor a strategy that aligns with your retirement goals? With careful planning and the right guidance, you can create a sustainable income stream that supports your post-retirement lifestyle.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - May 02, 2024Hindi

Hi sir, I'm 25y old. I have a salary of 55k per month I've started investing in May 2022 in mutual funds through SIP for long term 25-30years. Right now I've 60k of invested amount in MF Portfolio doing SIP of 7k per month. I've an emergency fund in FD of 60k and I've health and term insurance for me and family. I also have a personal loan of 6lakh which I took in December 2022. I'm paying 20k monthly for a loan. Still I need to pay 6.22 lakh in 3 years. I'm also thinking of starting investing 10k per month in chit funds for 2 years(trusted chit fund) assuming an annualized return of 15%. My monthly expenses excluding loan and SIP in MF is 23k. My MF Portfolio: Parag Parikh flexi cap - 2.5k Nippon small cap - 2k Axis bluechip - 2k Navi nifty50 index fund -500 Can you please review my MF Portfolio and guide me how I can clear my debt of 6.22 lakh as soon as possible.

Ans: It's fantastic to see your commitment to securing your financial future at such a young age! Your Mutual Fund portfolio shows a good mix, but let's fine-tune it a bit. Are you considering the risk factors of your current investments?

Now, about that loan. It's understandable to want to clear it as soon as possible. Have you thought about increasing your monthly payments towards it? It might ease the burden in the long run.

Regarding chit funds, while they offer potential returns, are you sure about their reliability and transparency? It's crucial to be cautious when exploring new investment avenues.

Remember, a Certified Financial Planner can offer personalized advice tailored to your goals and circumstances. With discipline and strategic planning, you'll be on track to financial freedom sooner than you think!

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Samraat Jadhav |1708 Answers |Ask -Follow

Stock Market Expert - Answered on May 02, 2024

Question by Vivek - Apr 22, 2024Hindi

Hi. I am currently 32 years old male working in a government sector. My take home salary is 1 lakh monthly and it will increase approx. 5% every year (basic 3%, da twice increase min. 4,4%). My NPS (employee and employer) deductions at present is around 25000 every month and will increase when basic increases every year (assuming basic increases by 3% pa without considering future promotions for now). Apart from this I am investing 10k every month in the mutual funds (small, mid and large cap), 5k every month in sukanya sammridhi yojana for my daughters educational needs. Parked 2 lakh in stock market and current value is 4 lakh, 6 lakh in PF (current value inc. interest earned so far), have LIC policy paying rs. 7300 quarterly, have term insurance (increasing sum assured, upto 1 CR for 15 years) and seperate health insurance to cover my family health expenses apart from govt. CGHS. I am repaying some loans (worth 20000 per month) took in the past and all loans will be cleared by 2030 December. Now I want to plan for my retirement (my current household expenses 40 to 45k per month=grocery, clothing, house rent, other misc. Needs), my child education (child current age is 2), her weeding expenses (consider marriage at 25 age), planning to have one more child in a year. I have privilege to join my kids in Kendriya Vidyalaya, so till 12th education expenses you can consider min. I also want to buy a home at the age between 50 to 55 near to Bangalore to old Mysore road (consider approx. Amount for 2 bhk apartment not in city little outskirts like kengeri or little farther). Now please suggest me. How to plan for my retirement, child marriage and education, construction of home

Ans: I would suggest you to visit a SEBI Registered Investment Advisor and seek advice from them. The following link will help you to find the nearest Adviser for you.
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13

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Samraat Jadhav |1708 Answers |Ask -Follow

Stock Market Expert - Answered on May 02, 2024

Question by Sundar - Apr 24, 2024Hindi

Can a 52 year old invest in SCSS?

Ans: yes

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Stock Market Expert - Answered on May 02, 2024

Question by Narra - Apr 23, 2024Hindi

Hello Sir, What about PFC and REC. Is there any scope of giving bonus shares in IOC, GAIL, Castrol, PFC, REC, OIL and NMDC

Ans: Cant say

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Stock Market Expert - Answered on May 02, 2024

Question by vivek - Apr 24, 2024Hindi

Investing in US stocks your views and hiw to invest

Ans: US as a economy is at bad shape but they have good companies which are global and have great revenue streams. Your broker will help you on how to invest there.

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Stock Market Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 22, 2024Hindi

Sir/Madam... i would like to invest 12,500 SIP for 25 years... could you suggest me diversified portfolio in equity and debt sectors.. i.e., 5 to 6 types of mutual funds types

Ans: if you have a 25yrs vision then go for a the following
1) Bluechip Fund - 4500/- per month
2) Mid Cap Fund - 4000/- per month
3) Small Cap Fund - 4000/- per month

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Stock Market Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 21, 2024Hindi

Hello Sir,am 40 year old, I have started doing SIP , some are one-time and some are per month SIP, Here is the list:- A---One time SIPs 1.Quant Small Cap Fund Direct Plan- One time invested One lakh and have kept it for 5 years. 2.Nippon India Multi Cap Fund Direct Growth-One time invested One lakh and have kept it for 5 years. 3.ICICI Prudential Small Cap Fund Direct Plan Growth-One time invested One lakh and have kept it for 5 years. 4.Kotak Nifty AAA Bond Jun 2026 HTM Index Fund Direct Growth B--Monthly SIPs 1.HDFC Mutual fund - 10,000 per month 2.Quant Small Cap Fund Direct Plan- 15,000 per month 3.SBI PSU Direct Plan Growth-10,000 per month. 4.I have an on-going sip since 6 years where the current value is 32 l and it's still ongoing . Basically keeping all the things can I make 50 lakhs in 5 years excluding the 32 lakhs which I already have

Ans: if these investments grow by 12% average you will achieve your goal in 5yrs.

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Stock Market Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 22, 2024Hindi

Respected sir i m planing to invest monthly some amount approx 20k pm so i should take sip or share in delivery or F&O

Ans: SIP in Mutual funds

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Stock Market Expert - Answered on May 02, 2024

Question by Rufus - Apr 22, 2024Hindi

I am 29 years old and investing 5k in quant mid cap, 5k in Nippon small cap, 10k in parag Parikh flexi, 10k in 360 One focused equity fund , 5k in motilal nasdaq100 FOF and 10k in quant large cap. Is it good for long term like 30 years. Plz advise if I have to shuffle my sip. 45k is what I've kept aside for my monthly investments. My Target is to achieve Financial independence with a corpus of 6cr when I turn 60. Currently my returns are around 13%.

Ans: thats a great vision and good investments. Keep it for 30yrs and you will have a great wealth even if it gives the same returns. Stay disciplined. All selected funds are good.

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Stock Market Expert - Answered on May 02, 2024

Asked by Anonymous - May 01, 2024Hindi

Suggest 2-3 stocks for short, medium term

Ans: As per regulatory compliance no new stock recommendation can be mentioned, I would suggest you to visit a SEBI Registered Investment Advisor and seek advice from them. The following link will help you to find the nearest Adviser for you.
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13

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Stock Market Expert - Answered on May 02, 2024

Question by Praveen - May 02, 2024Hindi

I have 20L to invest. Is it ok if I invest them in stocks for long term, I can leave it for 8-10 years. How much return I can expect?

Ans: if the vision is for 10yrs plus then only invest in stocks that also bluechips

Asked on - May 02, 2024 | Answered on May 02, 2024

Thank you Sir, would you be able to suggest some good blue chip stocks?

Ans: As per regulatory compliance no new stock recommendation can be mentioned, I would suggest you to visit a SEBI Registered Investment Advisor and seek advice from them. The following link will help you to find the nearest Adviser for you.
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Yuvaraj - May 02, 2024Hindi

Dear Sir, I am Yuvaraj Natarajan. Have invested in the following SIP's. 1. Axis Mid Cap Fund - 5000 2. ICICI Prudential Bluechip large Cap Fund -5000 3. Mirae Asset ELSS Tax Saver Fund - 5000 4. Motilal Oswal Midcap Fund - 5000 5. SBI Small Cap Fund - 5000 6. Tata Focesed Equtiy Fund -3000 28k/month. To accumulate 75L+ in the next 10 years are these the correct ones. Please advise.

Ans: Yuvaraj, good on you for taking charge of your future! Six SIPs, that's a well-diversified basket, like a wise investor carrying a basket of exotic fruits – a good mix for long-term growth!

It's fantastic that you have a clear goal – accumulating 75 lakhs in 10 years. While predicting the market perfectly is like trying to hold on to a monsoon cloud, your chosen SIPs seem like a good starting point.

Here's the thing: To reach your mountain peak, you might need a map and a guide. A certified financial planner can be your financial Sherpa! They'll analyze your SIPs (a mix of mid, large, small-cap, and ELSS – that's comprehensive!), your risk tolerance, and suggest any adjustments needed to reach your summit.

Remember, a 10-year horizon gives your investments time to weather ups and downs. Stay focused, keep those SIPs flowing, and with careful planning, you might just reach your 75 lakh target and celebrate with a taste of those exotic fruits from your investment basket!

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by aravind - Apr 16, 2024Hindi

Hi there, I am aged 41 with 2 kids aged 7 and 4.. My present SIP investment is as below, 1. aditya birla sun life MF: 5000/month since 2018 2. Nippon small cap MF: 2000/month since 2018 3. parag [parikh flexi cap : 5000/month since 2022 4. tata digital india: 5000/month since 2022 5. motilal oswal nasdaq 100 FoF: 5000/month since 2023... plz advise me on the re- alignement of SIP investment considering a time horizon of next 5 years...

Ans: You're doing fantastic! Building a nest egg for your young ones is like planting those saplings – you nurture them now, and they'll provide shade and comfort for years to come.

Looking at your SIPs, it seems you've got a good mix – a diversified forest, if you will. The small-cap fund adds some growth potential, while the flexi-cap and international funds offer broader exposure. But with a 5-year horizon, some tweaks might be helpful.

Here's the thing: a 5-year timeframe is like navigating a fast-flowing river. While some risk is good for growth, you also want stability. Consider talking to a certified financial planner – like your own personal Sherpa! – They can assess your portfolio and recommend adjustments.

For instance, they might suggest increasing your investment in large-cap funds or a balanced fund to provide more stability for your near-term goals. Remember, a well-rounded portfolio is key, just like having a strong support system in life!

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Question by San - Apr 16, 2024Hindi

What are the indicators of risk in a Mutual Fund Scheme

Ans: Ah, mutual funds! A great way to navigate the market, but like any good adventure, there's always a bit of risk involved. So, how do we gauge this risk? Well, imagine you're setting sail on a ship – wouldn't you want to know if it's built for calm seas or choppy waters?

Here's your captain's checklist for mutual fund risk:

The Portfolio's Compass: What kind of stocks or bonds does the fund invest in? Large, established companies are generally smoother sailing than smaller, high-growth ones.
The Market's Current: Different sectors can be more volatile than others. A fund heavily invested in technology might experience bumpier rides than one focused on consumer staples.
The Historical Charts: How has the fund performed in the past? Just because it's been smooth sailing recently doesn't guarantee calm seas ahead. Past performance isn't always a perfect indicator, but it can be a helpful clue.
These are just a few indicators, and remember, a good map (your investment plan) and a trusty advisor (a Certified Financial Planner) are crucial for a successful voyage!

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Question by Bharath - Apr 16, 2024Hindi

I recently received 10 lakhs which was invested earlier. Currently i invest 18k in parag parekh flexi, 15k in Navi nifty50, 15k ICICI pru s&p index, 8k quant mid, 8 k quant small,8k Motilal Oswal mid, 8k Nippon India small, 12.5k elss quant, 7.5k gold, 20k debt. Will be doing this for next 20yrs. How do I put my lumpsum of 10lakhs in this? Should I bulk invest or slowly put money in to these over next 6 months

Ans: Congratulations on receiving the 10 lakhs! That's a great opportunity to boost your investments for the next 20 years. Here's a breakdown of the two approaches for your lump sum:

Bulk Invest:

Pros: Takes advantage of rupee-cost averaging. The market fluctuates, so by investing everything at once, you capture some units at potentially lower prices. It's also simpler to manage, requiring just one investment decision.
Cons: If the market takes a dip right after you invest, your entire sum goes in at a potentially higher price.
SIP over 6 Months:

Pros: Provides a form of averaging as you invest across different market conditions. Offers some peace of mind if you're concerned about market volatility.
Cons: Misses out on the potential benefit of rupee-cost averaging if the market trends upwards. Requires more discipline to consistently invest each month.
Choosing the Right Approach:

There's no one-size-fits-all answer. It depends on your risk tolerance:

Comfortable with some risk? A bulk investment might be suitable.
Prefer to spread the risk? Consider SIPs over 6 months.
Here's a suggestion: Talk to a certified financial planner. They can analyze your existing portfolio (diversified across equity, debt, and gold - that's good!) and risk profile to recommend the best way to deploy your lump sum. They can even suggest a hybrid approach, investing a portion upfront and the rest via SIPs.

Remember, you've got a long investment horizon of 20 years. Stay focused and make well-informed decisions to grow your wealth!

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Question by Aditya - Apr 15, 2024Hindi

Hello, I am 30 and its 2 years i have started SIP of ?5k in icici prudential multi asset fund , ?7k in quant elss tax saver fund. I am ready to invest 10k more in sip. Can you please suggest some.

Ans: Two years into your SIP journey, already? That's fantastic! Remember that feeling of starting out, unsure but determined? Well, pat yourself on the back – you're building a secure future, brick by brick. And now you're ready for the next step, like a wise king expanding his kingdom!

Here's the thing: you've got a good foundation with your existing SIPs. The multi-asset fund helps balance things out, while the ELSS fund gives your taxes a haircut – that's a smart king, you are!

Now, with an extra 10k to deploy, consider adding another SIP. Think of it as diversifying your army – you wouldn't want just archers, would you? A well-rounded portfolio helps manage risk. Talk to a fee-based Certified Financial Planner – they're like your royal advisor – to see if a mid-cap or a sector-specific fund might be a good fit for your goals.

Remember, investing is a marathon, not a sprint. Stay focused, keep those SIPs flowing, and watch your future grow like a bountiful harvest!

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Asked by Anonymous - Apr 16, 2024Hindi

I am an NRI, 60 years old. Trying for the first time to invest in India. My friend suggest I do invest in SIP and recommend 4 funds - Nippon India large cap, DSP small cap, HDFC flexi cap and ICICI Pru multi assest funds. What do you recommend? How much should I start with? Is 5 k in each fund is ok and monitor? Pl.let mr know. Thank you.

Ans: Ah, coming back to invest in India after all these years, must be a wonderful feeling! It's like reconnecting with a piece of your history. But times change, and so do investments. SIPs (Systematic Investment Plans) are a brilliant way to build your nest egg over time, a bit by bit, just like that proverbial rice bag!

Your friend's suggestion of diversifying across large, small, and flexi-cap funds makes perfect sense. Think of it as having a well-rounded meal – you wouldn't want just dal, would you? You want the whole thali! Diversification helps spread the risk, just like having a strong support system in life.

Now, 5k in each fund is a good starting point. But remember, the amount depends on your overall financial goals. How much do you want this nest egg to be? Visualize it - a comfortable retirement by the beach? Helping your grandchildren with their education? Once you have that vision, a Certified Financial Planner can help you tailor your SIP contributions to reach it.

So, take that first step! It's like planting a sapling – it might seem small now, but with careful nurturing, it can grow into a magnificent tree. Happy investing!

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Question by NIKHIL - Apr 14, 2024Hindi

Hi Sir, I am currently working in PSB in the Middle management group and investing in different investment options to achieve the goal of financial freedom. I have one 6 years old daughter and want to accumulate a fund of 2.5 Cr for her education and marriage also. I am investing the monthly amount in below mentioned categories: A) Traditional: 1) Sukanya Sammaridhi account: 2K 2) PPF: 1K B) Market Linked: 1) DSP Small cap fund: 3K 2) SBI magnum Mid Cap Fund: 2 K 3) HDFC Mid Cap opportunities Fund: 3 K 4) Aditya Birla SL Pure value fund Reg (G): 1K 5) Mirae Asset Large & Midcap Fund Reg (G): 2 K 6) Canara Robeco Emerging Equities Reg (G): 3K 7) 3-4 K in share purchase for long term investment. I want to keep investing in MFs for the next 25 years with an annual increment in monthly investment figures as per the capability. Kindly advise me about these funds and share your suggestions to achieve my dream. Awaiting your reply. Regards, Bhuvneshwar.

Ans: Bhuvneshwar, your commitment to securing your daughter's future is commendable, and your diversified investment strategy reflects your dedication to achieving your financial goals. Let's break down your approach:

Traditional Investments: Sukanya Samriddhi and PPF provide a solid foundation with tax benefits and guaranteed returns. These avenues ensure stability and security for your daughter's future needs.
Market-Linked Investments: By investing in a mix of small, mid, and large-cap funds, you're tapping into the potential growth of the market. Your selection shows a balanced approach, spreading risk across different segments of the market.
Direct Stock Investments: Your involvement in direct stock purchases demonstrates your confidence in specific companies for long-term growth. However, ensure thorough research and prudent decision-making to mitigate risks associated with individual stocks.
To further enhance your strategy:

Regular Review and Rebalancing: Periodically assess the performance of your investments and rebalance if needed to maintain your desired asset allocation.
Risk Management: While market-linked investments offer growth potential, they also carry inherent risks. Ensure you're comfortable with the level of risk in your portfolio and adjust your investments accordingly.
Gradual Increase in Investments: Your plan to incrementally increase your monthly investments aligns with the principle of gradual improvement over time. Consistency and discipline in this approach will help you reach your target efficiently.
Remember, Bhuvneshwar, achieving financial freedom for your daughter's education and marriage requires patience, discipline, and a long-term perspective. Stay focused on your goals, continuously educate yourself, and adapt your strategy as needed along the journey. With dedication and strategic planning, you're well on your way to realizing your dreams for your daughter's future.

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Question by William - Apr 15, 2024Hindi

I will retire in 3 years with a pension of 1L. My only son, 26 is an art critic and may not be getting a regular income. I want to set up 2 SWPs with 50L in each to support him throughout his life. I bought him an apartment recently. He intends to stay single. Can I invest in HDFC BAF and SBI long term equity fund ?

Ans: it's natural to want to ensure your son's financial security, especially when he's pursuing a career path that may not offer consistent income. Setting up Systematic Withdrawal Plans (SWPs) from mutual funds can be a prudent way to provide him with a steady stream of income. When choosing funds for SWPs, it's crucial to prioritize stability, longevity, and growth potential.

Considering your son's long-term financial needs, investing in well-established equity funds known for their consistent performance and track record of generating returns over the years could be a wise choice. These funds not only have the potential to grow your investment but also offer the flexibility to withdraw funds periodically to support your son's lifestyle.

As a parent, it's understandable to want the best for your child, and investing in mutual funds through a Certified Financial Planner's guidance can help ensure that your son's financial future is secure. While real estate is often seen as a traditional investment avenue, mutual funds offer liquidity, diversification, and professional management, making them an attractive option for achieving long-term financial goals. Ultimately, investing in SWPs reflects your love and foresight in providing ongoing support to your son, even after you retire.

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Question by Sangeeta - Apr 15, 2024Hindi

Good Morning Sir, I am 52 years old and wish to start investing in Mutual Fund with 10K per month as a beginner for a period of 3/5 years Kindly advise me how would I diversify / allocate the money in different funds so as to get the maximum returns Regards Sangeeta Das

Ans: Sangeeta! It's great to hear that you're considering starting your investment journey with mutual funds. Since you have a monthly investment amount of 10,000 INR and a time horizon of 3-5 years, here's a suggested approach to diversify your investments:

Large Cap Funds: These funds invest in well-established companies with a track record of stable performance. They can offer stability to your portfolio.
Allocate around 30-40% of your investment amount to large cap funds.
Mid Cap Funds: Mid cap funds invest in companies with medium market capitalization, offering higher growth potential than large caps but with slightly more risk.
Allocate around 20-30% of your investment amount to mid cap funds.
Small Cap Funds: These funds invest in small companies with high growth potential but higher risk. They can add growth opportunities to your portfolio.
Allocate around 20-30% of your investment amount to small cap funds.
Diversified Equity Funds: These funds invest across market caps and sectors, offering broad diversification and potential for higher returns.
Allocate around 10-20% of your investment amount to diversified equity funds.
Balanced Funds: Balanced funds invest in a mix of equities and debt instruments, offering a balance between growth and stability.
Allocate around 10-20% of your investment amount to balanced funds.
Sectoral Funds (Optional): If you have a specific sector or theme in mind that you believe will perform well, you can allocate a small portion of your investment amount to sectoral funds. However, be cautious as these funds can be more volatile.
Limit the allocation to sectoral funds to around 5-10% of your investment amount.
Remember to review your portfolio regularly and rebalance if necessary to maintain your desired asset allocation. Additionally, consider factors such as expense ratios, fund manager track record, and historical performance when selecting mutual funds.

Lastly, it's always a good idea to consult with a financial advisor to ensure your investment strategy aligns with your financial goals and risk tolerance. Happy investing, Sangeeta!

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Question by V - Apr 14, 2024Hindi

I am 38 yrs old with 1lakh salary living in rented house, due to some family issue all my saving gone ,again i hv starting saving from this year through Sip of 1k in each companies ,BOI small cap, nippon india power&infra,quant small,motilal oswal midcap,icici prudential commodities ,icici bluechip ,kotak infra&economics reform,axis nifty IT ,icici pharma index , nippon small cap, quant elss , quant aboslute, bandhan sterling value fund, hdfc focus 30 ,nippon largecap, hdfc multi cap, quant flexi cap , mahindra small cap, prag parikh flexi cap, quant large cap, quant psu fund, sbi balanced advantage , aditya birla sunlife osu equity , sbi energy opportunities fund, ppf 8k. Whether i need to conssolidate or better to invest in all with this amount till 1 yr and then consolidate as i want to retire at the age 55yrs and how much corpus i need for retirement at 55yrs and what amount i need to save ,my monthly expense is 55-60k?? Please help!!

Ans: It sounds like you're taking a proactive approach to rebuilding your savings through SIP investments in a variety of mutual funds. However, having such a large number of funds in your portfolio can sometimes lead to over-diversification and increased complexity without necessarily providing significant additional benefits.

Here are some suggestions:

Consolidate: Consider consolidating your portfolio to a more manageable number of funds, perhaps around 5-10 well-chosen funds. Look for funds that cover different asset classes, investment styles, and market caps to ensure adequate diversification.
Review Performance: Evaluate the performance of each fund in your portfolio regularly. Keep funds that have consistently performed well over the long term and consider replacing underperforming funds with better alternatives.
Risk Assessment: Ensure that your portfolio aligns with your risk tolerance and investment goals. Since you have a specific retirement goal in mind, it's crucial to assess whether your current portfolio allocation will help you achieve that goal.
Asset Allocation: Consider your desired asset allocation based on your risk tolerance and investment horizon. Allocate a portion of your portfolio to equities for long-term growth potential, but also consider fixed income or debt investments for stability and income.
Retirement Planning: Calculate how much you'll need for retirement at age 55 based on your current expenses, expected inflation, and any other sources of retirement income (like PPF). A financial advisor can help you determine an appropriate savings goal and investment strategy to reach that target.
Emergency Fund: Make sure you have an adequate emergency fund to cover unexpected expenses, typically 3-6 months' worth of living expenses.
Seek Professional Advice: Consider consulting with a financial advisor who can provide personalized guidance based on your financial situation, goals, and risk tolerance. They can help you create a comprehensive financial plan tailored to your needs.
By consolidating your portfolio, reviewing your investments regularly, and planning strategically for retirement, you can work towards building a more efficient and effective investment strategy.

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Asked by Anonymous - Apr 14, 2024Hindi

Hello sir i am 32 years old and currently investing via SIP mode. From last 3 years i am investing 2200 in motilal Oswal S&P 500 index fund, 2500 in navi nifty 50 (i have stopped this sip and instead started 2500 in parag flexi cab as navi 50 was overlapping by 70% in parag), 2500 in quant small cap, 2000 in axis small cap, just started daily sip of 50 rs in icici muti cap fund. I am also thinking of investing 2k more in quant flexi cap. Kindly suggest any modifications or your thoughts about this portfolio for atleast my attaining 55 years.

Ans: It sounds like you have a diversified portfolio with exposure to various segments of the market, which is generally a good approach for long-term investing. Here are some thoughts and suggestions:

Asset Allocation: You seem to have a tilt towards equity funds, which is fine if you have a long investment horizon and high risk tolerance. However, make sure you have a suitable allocation to debt or other less volatile assets depending on your risk appetite and financial goals.
Review Overlapping Funds: You mentioned that you stopped SIP in Navi Nifty 50 as it overlapped with Parag Flexi Cap. It's essential to avoid redundancy in your portfolio to ensure efficient diversification. Make sure you're not overly exposed to similar holdings across different funds.
Expense Ratios: Check the expense ratios of the funds you're investing in. Lower expense ratios can significantly impact your returns over the long term, so opt for funds with competitive expense ratios.
Regular Review: Periodically review your portfolio's performance and relevance to your financial goals. Rebalancing may be necessary to maintain your desired asset allocation and risk level.
Consider International Exposure: You're investing in domestic equity funds. Depending on your risk appetite and diversification goals, you might consider adding an international equity fund for broader exposure to global markets.
Emergency Fund and Other Investments: Ensure you have an adequate emergency fund before investing heavily in mutual funds. Also, consider other investment options like PPF, FDs, or real estate depending on your financial goals and risk tolerance.
Tax Planning: Be mindful of the tax implications of your investments, especially if you're investing in equity funds. Understand the taxation rules regarding capital gains, dividends, and the impact on your overall tax liability.
Seek Professional Advice: If you're unsure about any aspect of your investment strategy or need personalized advice based on your financial situation and goals, consider consulting with a financial advisor.
Remember, investing is a long-term journey, and staying disciplined, diversified, and informed are key principles for success.

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Asked by Anonymous - Apr 14, 2024Hindi

Greetings ! I have the following question for your expert advice: I am 43 + by age and currently into private sector service. I have no obligation towards any loan or EMI. At present I have around 10 Lac corpus into different MFs (with current market value of 14L) through monthly SIP of around 20,000. In terms of financial back up I have FDs (10 Lac.), EPF (5L), PPF (Both Self & Spouse 14L) and NPS (5L). In terms of obligation, my son is in 9th standard and his education costs is secured through LIC policies. Apart from that I have Health Insurance (15L) and Term Insurance (1 Cr.) I am planning to retire after 10 years and wanted to know what will be the ideal amount of corpus fund for a happy retirement and how to achieve that in next 10 years.

Ans: It's commendable that you're planning ahead for your retirement. To determine the ideal corpus for a happy retirement, you'll need to consider factors such as your desired lifestyle, expected expenses, inflation, and life expectancy. A certified financial planner can help you calculate a personalized retirement corpus based on these factors.

To achieve your retirement goals in the next 10 years, consider the following steps:

Evaluate Current Investments: Review your current investment portfolio, including MFs, FDs, EPF, PPF, and NPS. Assess their performance, risk profile, and alignment with your retirement goals.
Set Retirement Goals: Determine your desired retirement lifestyle and estimated expenses. Factor in inflation and other potential costs such as healthcare and leisure activities.
Calculate Required Corpus: Work with a financial planner to calculate the required retirement corpus based on your goals, expenses, and expected returns. Consider factors like inflation and longevity risk.
Optimize Savings and Investments: Maximize contributions to retirement-focused investment vehicles such as EPF, PPF, and NPS. Consider increasing SIP amounts or diversifying into other investment avenues to accelerate wealth accumulation.
Monitor and Adjust: Regularly review your investment portfolio and make adjustments as needed to stay on track towards your retirement goals. Consider rebalancing your portfolio periodically and reassessing your risk tolerance.
Remember that retirement planning is a dynamic process, and it's essential to adapt your strategy as your circumstances change. By starting early and seeking professional advice, you can build a robust retirement corpus and enjoy a financially secure future.

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Asked by Anonymous - Apr 14, 2024Hindi

I am 31 years old. I am investing in these funds 5k Parag Parikh Flexi 4k Kotak Emerging fund - mid cap 4k Quant small cap 3k ICICI prud technology fund 3k Quant infra fund 8k Nifty 50 Index fund 5k in Nasdaq 100 etf Please suggest if I have to do any changes or rebalance or change in amount where I have to increase or decrease for any fund. Thanks in Advance

Ans: It's great to see your proactive approach towards investing at a relatively young age. When reviewing your investment portfolio, it's essential to consider your financial goals, risk tolerance, and investment horizon. While your current allocation seems diversified, it's always wise to periodically reassess and rebalance your portfolio to ensure alignment with your objectives.

Consider evaluating the performance and prospects of each fund in your portfolio. Are they meeting your expectations in terms of returns and risk management? Are there any funds that have consistently underperformed or carry higher volatility than desired?

Additionally, reassess your asset allocation strategy. Are you comfortable with the current mix of equity and index funds, or would you prefer to adjust the allocation based on market conditions and your risk appetite?

Lastly, remember that investment decisions should be driven by a well-thought-out plan rather than short-term market movements. Consider consulting with a Certified Financial Planner who can provide personalized guidance tailored to your unique financial circumstances and goals. With careful planning and periodic review, you can work towards achieving long-term financial success.

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Asked by Anonymous - Apr 13, 2024Hindi

I am 40 plan to get 1cr in next 10 year how much invest? Please suggest which mutual funds are good

Ans: To accumulate 1 crore in the next 10 years, you'll need to calculate the required monthly investment based on your expected rate of return. Here's a general outline to help you get started:

Calculate Required Monthly Investment: Determine the monthly investment required to reach your goal of 1 crore in 10 years based on your expected rate of return. You can use online SIP calculators or consult with a financial advisor to perform this calculation.
Choose Suitable Mutual Funds: Look for mutual funds that have a track record of consistent performance, align with your risk tolerance, and have the potential to deliver competitive returns over the long term. Consider a mix of large-cap, mid-cap, and multi-cap funds to diversify your portfolio and mitigate risk.
Review Fund Performance: Evaluate the historical performance of mutual funds you're considering investing in. Look for funds with a proven track record of outperforming their benchmarks and peers over various market cycles.
Consider Expense Ratios: Pay attention to the expense ratios of mutual funds, as lower expense ratios can lead to higher net returns over time. Choose funds with reasonable expense ratios that don't erode your investment returns significantly.
Seek Professional Advice: Consider consulting with a certified financial planner or investment advisor who can provide personalized recommendations based on your financial goals, risk tolerance, and investment horizon. They can help you create a customized investment plan tailored to your needs and objectives.
Remember to regularly review your investment portfolio and make adjustments as needed to stay on track towards achieving your financial goals. With careful planning and disciplined investing, you can work towards building a substantial corpus of 1 crore over the next 10 years.

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Asked by Anonymous - Apr 14, 2024Hindi

Sir, I have invested 5 lac lumsum in UTI nifty 50 index fund about 7 Months back and this fund is giving good returns now. Again i want to invest 5 lac in same fund is it right time to invest lumsum.

Ans: Given the potential for higher returns in actively managed funds in India, you may want to consider exploring other investment options beyond index funds. Actively managed funds have the potential to outperform index funds by leveraging the expertise of fund managers to identify lucrative investment opportunities and navigate market fluctuations effectively. Therefore, before investing another 5 lakhs lump sum in UTI Nifty 50 Index Fund, you may want to research and consider actively managed funds that align with your investment goals, risk tolerance, and time horizon. Consulting with a certified financial planner or investment advisor can provide valuable insights and help you make informed investment decisions that maximize your returns over the long term.

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Question by Vishal - Apr 14, 2024Hindi

I am a 34 year old and wants to start investing in Sip a sum of 5000/- per month and I can increase the amount by 1000/- every year. Can u suggest me a funds to invest with an expectation to achieve at least 1 CR after 20 years... I don't want to take big risk ..but a moderate risk can be ok....

Ans: Starting a SIP with a moderate risk tolerance and a goal of reaching 1 crore after 20 years is a prudent approach to long-term wealth accumulation. Here's a suggested investment strategy:

Diversified Equity Mutual Funds: Begin by investing in diversified equity mutual funds that have a track record of consistent performance and a well-diversified portfolio. These funds typically invest in a mix of large-cap, mid-cap, and small-cap stocks, spreading the risk across different segments of the market.
Increasing SIP Amount: Since you're planning to increase your SIP amount by 1000 rupees every year, you can gradually increase your exposure to equities over time. This strategy, known as rupee-cost averaging, allows you to benefit from market volatility by buying more units when prices are low and fewer units when prices are high.
Long-Term Horizon: With a 20-year investment horizon, you have the advantage of compounding working in your favor. By staying invested for the long term and reinvesting dividends, you can harness the power of compounding to accelerate wealth accumulation.
Asset Allocation: Consider maintaining a balanced asset allocation between equity and debt instruments to manage risk effectively. While equities offer higher growth potential, debt instruments provide stability and capital preservation during market downturns.
Regular Review: Periodically review your investment portfolio and make adjustments as needed based on changes in your financial situation, market conditions, and investment goals. Rebalance your portfolio periodically to ensure it remains aligned with your risk tolerance and investment objectives.
Based on your requirements, you can consider investing in a combination of large-cap, multi-cap, or balanced funds with a proven track record of delivering consistent returns over the long term. It's essential to conduct thorough research or consult with a certified financial planner before making any investment decisions to ensure they align with your financial goals and risk tolerance.

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Question by Harish - Apr 13, 2024Hindi

I Have Two Children one is Daughter 3 year old and Son 7 year old i have sukanya samruddhi yogana for daughter and ppf for son other than this which will be better scheme for son and daughter please specify my monthly investment for both is 8000

Ans: It's excellent that you're planning ahead for your children's future. With a monthly investment of 8000 rupees for each child, here are some additional investment options that could benefit both your son and daughter:

Mutual Funds: Consider investing in equity mutual funds or balanced funds for long-term growth potential. Since your children are young, you have a long investment horizon, which makes equity investments suitable. You can choose funds with a track record of consistent performance and a diversified portfolio to mitigate risk.
Child Education Plans: Look into child education plans offered by insurance companies or mutual fund houses. These plans are specifically designed to help you save for your children's education expenses and may offer features such as guaranteed returns, insurance coverage, and flexibility in premiums.
Public Provident Fund (PPF): While you already have a PPF account for your son, you can also open one for your daughter. PPF offers tax benefits, stable returns, and a long-term investment horizon, making it suitable for children's education or other long-term financial goals.
Index Funds: Consider investing in index funds, which passively track a market index such as the Nifty 50 or Sensex. These funds offer low costs and broad market exposure, making them an attractive option for long-term wealth accumulation.
Savings Accounts: Open a savings account or recurring deposit account in your children's names to teach them the importance of saving from an early age. Many banks offer special savings accounts for minors with attractive interest rates and benefits.
Gold ETFs or Sovereign Gold Bonds: Consider allocating a portion of your investment towards gold as a hedge against inflation and currency depreciation. Gold ETFs or Sovereign Gold Bonds offer exposure to gold without the hassles of physical storage.
Before making any investment decisions, it's essential to assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a certified financial planner who can provide personalized advice based on your specific circumstances and help you create a comprehensive investment plan for your children's future.

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Question by Rakesh - Apr 13, 2024Hindi

I m 40 yrs now, earning 1.5 lacs a month in hand, monthly investment are-- 12500 ppf, Quant midcap 15k, HDFC midcap 10k, pgim midcap 5k, quant smallcap 5k, Nippon smallcap 5k, parag parekh flexicap 5k, pgim flexicap 5k, quant active 5k,Nippon multicap 5k, HDFC multicap 5k Nps, apy 7k. Total monthly inv around 84k Hv given 30 lacs unsecured loan to friend from where earning 60k per month want to invest this money monthly, where to invest?

Ans: It's commendable that you're making significant investments towards securing your financial future. Given your current financial situation and the surplus income from the unsecured loan, here are some suggestions on how you can invest the additional 60,000 rupees per month:

Emergency Fund: Before considering additional investments, ensure you have an adequate emergency fund set aside to cover unexpected expenses or financial setbacks. Aim to have 3-6 months' worth of living expenses saved in a liquid and easily accessible account.
Debt Repayment: Given that you've provided an unsecured loan to a friend, consider prioritizing the repayment of this debt. Focus on reducing or eliminating high-interest loans to free up cash flow and reduce financial stress.
Diversified Investments: Allocate a portion of the surplus income towards building a diversified investment portfolio. Consider investing in a mix of equity mutual funds, debt instruments, and other investment avenues based on your risk tolerance and investment goals.
Equity Mutual Funds: Since you already have significant exposure to mid-cap and small-cap funds, consider diversifying further by investing in large-cap or multi-cap funds. These funds offer exposure to different segments of the market and can help mitigate risk.
Debt Instruments: Given the volatility of the stock market, consider allocating a portion of your surplus income towards debt instruments such as fixed deposits, bonds, or debt mutual funds. These investments offer stability and steady returns over time.
Real Estate: If you have a long-term horizon and are willing to take on the associated risks, consider exploring opportunities in real estate investment. However, ensure you conduct thorough research and due diligence before making any real estate investments.
Seek Professional Advice: Given the complexity of financial planning and investment management, consider consulting with a certified financial planner or investment advisor. They can provide personalized guidance tailored to your specific financial situation, goals, and risk tolerance.
By diversifying your investments, prioritizing debt repayment, and seeking professional advice, you can make informed decisions to secure your financial future and achieve your long-term financial goals.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Sunny - Apr 19, 2024Hindi

I am 40 year old, I have started doing SIP , some are one-time and some are per month SIP, Here is the list:- A---One time SIPs 1.Quant Small Cap Fund Direct Plan- One time invested One lakh and have kept it for 5 years. 2.Nippon India Multi Cap Fund Direct Growth-One time invested One lakh and have kept it for 5 years. 3.ICICI Prudential Small Cap Fund Direct Plan Growth-One time invested One lakh and have kept it for 5 years. 4.Kotak Nifty AAA Bond Jun 2026 HTM Index Fund Direct Growth B--Monthly SIPs 1.HDFC Mutual fund - 10,000 per month 2.Quant Small Cap Fund Direct Plan- 15,000 per month 3.SBI PSU Direct Plan Growth-10,000 per month. My aim is to make 50 Lakhs in 5 Years, am i actually contributing in the right fund or do I need to change, I have taken high risk. Thank you Sunny Sinha

Ans: It's great that you're investing systematically through SIPs to achieve your financial goals. However, it's essential to review your investment strategy periodically to ensure it aligns with your objectives and risk tolerance.

Considering your aim to accumulate 50 lakhs in 5 years and your willingness to take high risk, here are some considerations:

One-time SIPs: Investing in small-cap and multi-cap funds can potentially offer higher returns but also comes with higher volatility. Given your relatively short investment horizon of 5 years, ensure you're comfortable with the risk associated with these funds.
Monthly SIPs: Continuing SIPs in small-cap and PSU funds aligns with your risk appetite. However, it's crucial to monitor the performance of these funds regularly and be prepared for market fluctuations.
Review and Adjust: Periodically review the performance of your funds and assess if they're on track to meet your goal of accumulating 50 lakhs in 5 years. If necessary, consider rebalancing your portfolio or switching to funds with better growth potential and risk-adjusted returns.
Diversification: While high-risk investments have the potential for higher returns, it's essential to diversify your portfolio to mitigate risk. Consider adding funds from different categories such as large-cap or balanced funds to achieve diversification.
Consult a Financial Advisor: Given the complexity of investing and your specific financial goals, consider consulting with a financial advisor who can provide personalized advice tailored to your needs and objectives. They can help you evaluate your investment strategy, identify any gaps or areas for improvement, and make informed decisions to maximize your returns while managing risk.
By staying informed, regularly reviewing your portfolio, and seeking professional guidance when needed, you can increase the likelihood of achieving your financial goals effectively.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 20, 2024Hindi

I have multiple LIC policies and 2 other life insurance policies (SBI life and Max Life) and the overall annual premium amounts to ~2.2L and XIRR return is

Ans: It's commendable that you've taken steps to secure your financial future through life insurance policies. However, it's essential to recognize that life insurance should primarily serve as protection for your loved ones rather than an investment vehicle. Insurance policies typically offer lower returns compared to other investment options such as mutual funds or stocks.

While the exact XIRR return on your insurance policies may vary, it's essential to consider the purpose of these policies. They provide financial protection to your dependents in the event of your untimely demise, ensuring their financial well-being.

To maximize your investment returns and achieve your financial goals, consider diversifying your investment portfolio beyond insurance policies. Explore options such as mutual funds, stocks, or other investment vehicles that offer higher growth potential over the long term. Consult with a financial advisor to develop a comprehensive investment strategy tailored to your specific needs and objectives.

Remember, while insurance policies provide valuable protection, they may not offer the best returns for wealth accumulation. By focusing on building a diversified investment portfolio, you can enhance your financial security and work towards achieving your long-term financial goals.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 20, 2024Hindi

Hello Sir, I am a 45 yr old NRI with about 5 lakh monthly income. I have 75 lakhs in stock, 25 lakhs in MF and 70 lakhs as FD. Also land worth 2.5 cr which I had bought a investment and has now appreciated. My job does not have stability and I do not expect it to continue for long. I invest a minimum of 1 lakh a month in stocks( not able to invest more as house construction is ongoing and might need another 50-60 lakhs to complete, I have not taken housing loan and using only my salary). How much of a corpus should I aim for keeping early retirement in sight? Should I sell the land and invest it is stock? Thank you

Ans: Given your circumstances, it's prudent to plan for early retirement and ensure financial security. Here's a suggested approach:

Assess Your Retirement Needs: Calculate your estimated retirement expenses, taking into account factors such as living expenses, healthcare costs, and any other financial obligations. Consider consulting with a financial planner to determine a realistic retirement target.
Build a Retirement Corpus: Aim to build a retirement corpus that can generate sufficient passive income to cover your expenses. Factor in your current investments, monthly contributions, and expected returns to estimate the corpus required to sustain your desired lifestyle.
Review Asset Allocation: Evaluate your current asset allocation and risk tolerance to ensure it aligns with your retirement goals. Consider diversifying your investments across asset classes to mitigate risk and maximize returns. Selling the land and reallocating the proceeds into stocks or other investment vehicles can be a viable option, but ensure to assess the tax implications and consult with a financial advisor.
Continue Investing Wisely: Despite ongoing expenses, continue investing regularly and systematically to build your retirement corpus. Prioritize investments that offer growth potential and generate passive income, such as dividend-paying stocks or income-generating assets.
Plan for Contingencies: Given the volatility of your job, it's essential to have a contingency plan in place. Consider setting aside an emergency fund to cover unforeseen expenses and mitigate financial risks associated with job instability.
Monitor and Adjust: Regularly review your financial plan and investment portfolio to ensure they remain aligned with your retirement goals and risk tolerance. Make adjustments as needed based on changes in your financial situation, market conditions, and retirement objectives.
Ultimately, the decision to sell the land and invest the proceeds in stocks should be based on your overall financial goals, risk tolerance, and investment strategy. Consult with a financial advisor to assess the potential benefits and risks of such a move and determine the best course of action to achieve your retirement aspirations.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Sweta - Apr 26, 2024Hindi

Sir my monthly salary is 28000 and I took a personal loan of 5lacs last year and I have credit card also but with my daily expenses I couldn't pay the total emis and bills so I took some credit from cred application it's almost 3lacs and now I'm unable to pay any of them as my salary is very low to pay so many emis I can't stop thinking about all this I'm facing anxiety and depression due to debts. I want to come out of this debt and get clean from all this problem. I want to save money and live a normal life. I couldn't share it with anyone also. My father us retired and he couldn't help me.

Ans: I'm truly sorry to hear about the challenges you're facing with your debts, and I understand how overwhelming and stressful it can be. Please know that you're not alone, and there are steps you can take to work towards financial stability and peace of mind.

Assess Your Debts: Start by listing out all your debts, including personal loans, credit card dues, and any other outstanding amounts. Understanding the total amount owed and the interest rates associated with each debt is the first step towards managing them effectively.
Create a Budget: Evaluate your monthly income and expenses to create a realistic budget. Prioritize essential expenses such as food, rent, and utilities, and allocate any remaining funds towards debt repayment.
Communicate with Creditors: Reach out to your creditors to discuss your financial situation and explore options for repayment. They may be willing to negotiate a payment plan or offer assistance programs to help you manage your debts.
Explore Debt Consolidation: Consider consolidating your debts into a single loan with a lower interest rate, if possible. This can simplify your repayment process and potentially reduce the overall amount you owe.
Seek Professional Help: If you're feeling overwhelmed or unsure about how to proceed, consider seeking assistance from a financial counselor or debt management agency. They can provide guidance, support, and practical strategies for managing your debts and improving your financial situation.
Take Care of Your Mental Health: Remember to prioritize your mental health during this challenging time. Practice self-care techniques such as exercise, meditation, or talking to a trusted friend or therapist to help alleviate anxiety and depression associated with financial stress.
Lastly, please know that it's okay to ask for help, and reaching out for support is a positive step towards regaining control of your finances and your life. You have the strength and resilience to overcome these challenges, and with determination and perseverance, you can work towards a brighter financial future.

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Ramalingam Kalirajan |1298 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Sunit - Apr 20, 2024Hindi

I m 43 yrs. old, working in pvt company and getting Rs. 60,000 per month after deduction, how much and where I have to invest to get Rs 1cr. after 20yrs, and what will be the value of 1 cr. 20yrs.

Ans: To achieve a corpus of 1 crore in 20 years, you need to start investing regularly and systematically to benefit from the power of compounding. Here's a general approach:

Investment Amount: Determine how much you can afford to invest each month after accounting for your expenses and other financial obligations. Aim to invest consistently to benefit from rupee-cost averaging and compound growth.
Investment Avenues: Consider investing in a mix of equity mutual funds, which offer higher growth potential over the long term, and debt instruments for stability. Equity investments can include diversified equity funds or index funds, while debt instruments may include fixed deposits or debt mutual funds.
Asset Allocation: Your asset allocation should align with your risk tolerance and investment horizon. As you have a 20-year time frame, you can afford to have a higher allocation to equity, which historically offers higher returns over extended periods.
Regular Review: Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Make adjustments as needed based on changes in market conditions, personal circumstances, or investment objectives.
Regarding the value of 1 crore after 20 years, it's essential to consider the impact of inflation. The purchasing power of 1 crore after 20 years will be significantly lower due to the erosion of value caused by inflation. To estimate the future value of 1 crore, you can use a simple inflation calculator, taking into account historical inflation rates and projecting future inflation trends.

Remember, investing for the long term requires discipline, patience, and a well-thought-out strategy. Consider consulting with a Certified Financial Planner to develop a personalized investment plan tailored to your financial goals, risk tolerance, and investment horizon. They can provide valuable guidance and help you navigate the complexities of investing for the future.

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