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Anil Rego
Financial Planner
386 Answers | 66 FollowersFollow
Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Answered on Feb 20, 2025
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Low/High Income with STCG: How Will My Taxes Be Calculated?
Ans: Capital Gain (STCG and LTCG) are taxed separately and do not qualify for rebate. STCG is applicable at 20%. If it is below 12.75 together there will be no tax on income but capital gain will be taxted at applicable rates . If your income is above 12.75 lakhs - you will pay tax on the regular slab for your income and applicable taxes on STCG separately.
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Answered on Feb 20, 2025
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34 Lakh Salary Savings: How Much Will I Save in FY25-26?
Ans: As per Previous new regime your income tax payable after standard deduction of Rs.75000 would have been Rs. 6,87,500. However, as per the revised new regime announced on Feb 1, 2025, your tax payable shall be Rs. 5,77,500(Before applicable cess). Therefore, your Net Savings shall be Rs. 1,10,000.
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Answered on Feb 20, 2025
Asked by Anonymous - Feb 01, 2025Hindi
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Answered on Feb 01, 2025
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40-Year Old with 401k: Should I Switch to the New Tax Regime?
Ans: No, the NPS from employee contribution is not exempted under new tax regime. Only employers contribution is exempted under section 80CCD(2).
80CCD (1) - Employee's contribution to NPS - Not available under New tax Regime
80CCD (2) - Employer's contribution to NPS - Available under New tax Regime
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80CCD (1) - Employee's contribution to NPS - Not available under New tax Regime
80CCD (2) - Employer's contribution to NPS - Available under New tax Regime
Answered on Feb 01, 2025
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Budget 2025 Tax: 18 Lakh Earner - How Much to Pay & Slab Calculation?
Ans: Income tax is nil only on income upto Rs.12 Lakhs. Considering an annual income of ?18 LPA as salary income, you’ve to pay tax for the entire 18 Lakhs starting from Rs.0 to Rs.18 Lakhs as per slab rate.
So here the standard deduction of ?75,000 is applicable, resulting in a tax liability of ?1,45,250 under the new tax regime. After including the 4% cess, the total tax payable will be ?1,50,800.
If the income is from sources other than salary, the standard deduction will not be applicable.
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So here the standard deduction of ?75,000 is applicable, resulting in a tax liability of ?1,45,250 under the new tax regime. After including the 4% cess, the total tax payable will be ?1,50,800.
If the income is from sources other than salary, the standard deduction will not be applicable.
Answered on Feb 01, 2025
Asked by Anonymous - Feb 01, 2025Hindi
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What's my tax structure under the new regime with a CTC of 19 LPA?
Ans: Considering your salary income of Rs.19 LPA as salary income, standard deduction of Rs.75,000 is applicable resulting in tax liability of Rs.1,65,000 according to the new tax regime. Post 4% cess your total tax liability will be Rs. 1,71,600.
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Answered on Feb 01, 2025
Asked by Anonymous - Feb 01, 2025Hindi
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I earn ₹22 LPA. What are my tax liabilities?
Ans: Considering an annual income of ?22 LPA as salary income, the standard deduction of ?75,000 is applicable, resulting in a total tax liability of ?2,31,250 under the new tax regime. After including the 4% cess, the total tax payable will be ?2,40,500. If the income is from sources other than salary, the standard deduction will not be applicable.
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Answered on Jan 17, 2025
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Answered on Jan 17, 2025
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Liable for LTCG/STCG for MF Switched?
Ans: When switching from an equity scheme to a liquid scheme, you are liable for STCG or LTCG depending on the holding period. A switch is treated as a sale of the scheme you are switching out of; and as a purchase of the scheme, you are switching into. STT is applicable on mutual fund switches.
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Answered on Jan 17, 2025
Asked by Anonymous - Jan 16, 2025Hindi
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Selling Listed Shares – Can I Use Profits to Pay Home Loan and Avoid Capital Gains?
Ans: Under Indian tax laws, the sale of USA-listed shares is subject to capital gains tax, depending on the holding period. If held for less than 24 months, it's short-term capital gains (STCG), and if held for over 24 months, it's long-term capital gains (LTCG).
There is no provision under Indian tax laws that allows you to set off capital gains tax by paying off a home loan. The benefit is available to reinvest LTCG into purchase of a house, not repayment of a loan.
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There is no provision under Indian tax laws that allows you to set off capital gains tax by paying off a home loan. The benefit is available to reinvest LTCG into purchase of a house, not repayment of a loan.
Answered on Oct 09, 2024
Asked by Anonymous - Oct 07, 2024Hindi
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Answered on Oct 09, 2024
Asked by Anonymous - Oct 07, 2024Hindi
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Answered on Oct 09, 2024
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52 Year Old Accountant Aims for 1 Crore Retirement Fund: Can It Be Done?
Ans: Hello Dilip,
Since you are approaching retirement, we’ve assumed a moderate return of 10%. To reach a target corpus of 1 crore and your portfolio consists of mutual funds and PPF investments, you can partially utilize the PPF maturity value, which is projected to grow to 35 lakhs over a 6 year period at an interest rate of 7.1%. To achieve the deficit, we recommend an additional SIP of Rs.16,000 along with your current SIP to achieve your goal. If you are not able to do this amount immediately, you can start off lower and increase your SIPs more aggressively. It is possible that your returns also are better and may also cover some of the gap.
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Since you are approaching retirement, we’ve assumed a moderate return of 10%. To reach a target corpus of 1 crore and your portfolio consists of mutual funds and PPF investments, you can partially utilize the PPF maturity value, which is projected to grow to 35 lakhs over a 6 year period at an interest rate of 7.1%. To achieve the deficit, we recommend an additional SIP of Rs.16,000 along with your current SIP to achieve your goal. If you are not able to do this amount immediately, you can start off lower and increase your SIPs more aggressively. It is possible that your returns also are better and may also cover some of the gap.
Answered on Oct 09, 2024
Asked by Anonymous - Oct 09, 2024Hindi
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Hello Sir, I am a 41 year old and I have been investing in MF through SIPs for the last 4 years. My current Portfolio valuation is around 18 lacs with a monthly SIPs of Rs 20,000. My goal is to continue investing for another 5 -7 years and accumulate Rs 60 lac plus for my retirement. I have a surplus cash of 6 lacs which I plan to invest Lump sum in MF. Please would you suggest 4 funds with horizon of 5-7 years with moderate risk and which will help to achieve my goals.
Ans: Hello,
As you're planning for your retirement goal and desire moderate risk, we suggest investing in hybrid funds and considering the longer time frame you may include equity funds also for part your portfolio. Equity funds can be invested through Systematic Transfer Mode. Here are the recommendations:
HDFC Balanced Advantage Fund - Rs.2,00,000
ICICI Prudential Equity & Debt Fund - Rs.2,00,000
Nippon India Multi Cap Fund - Rs.1,00,000
ICICI Prudential Large & Mid Cap Fund - Rs.1,00,000
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As you're planning for your retirement goal and desire moderate risk, we suggest investing in hybrid funds and considering the longer time frame you may include equity funds also for part your portfolio. Equity funds can be invested through Systematic Transfer Mode. Here are the recommendations:
HDFC Balanced Advantage Fund - Rs.2,00,000
ICICI Prudential Equity & Debt Fund - Rs.2,00,000
Nippon India Multi Cap Fund - Rs.1,00,000
ICICI Prudential Large & Mid Cap Fund - Rs.1,00,000
Answered on Jul 31, 2024
Asked by Anonymous - Jul 24, 2024Hindi
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I'm 38, earning 12.5L annually. How can I plan for retirement, daughter's education, marriage, travel & more?
Ans: Hi,
Looking at the details, it looks evident that the investments being done by you is not enough to generate good corpus. Given that there are multiple goals involved, you have to look at at-least 25-30k per month into mutual funds to look at generating decent corpus lets say 5-7 Years down the line. Start streamlining your expenses and invest more to start planning for the goals better.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
Looking at the details, it looks evident that the investments being done by you is not enough to generate good corpus. Given that there are multiple goals involved, you have to look at at-least 25-30k per month into mutual funds to look at generating decent corpus lets say 5-7 Years down the line. Start streamlining your expenses and invest more to start planning for the goals better.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
Asked by Anonymous - Jul 24, 2024Hindi
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24-year-old confused about SIP investment strategy: Am I on the right track?
Ans: Hi,
You should analyse whether 8k per month is a good enough investment per month given your income. Target to invest at-least 25-30% of your monthly income. Since you are young, you can consider Mid & Small-cap funds with a small portion to large-cap funds to generate welath in the long run. You can consider to increase the investment by 10-15% every Year to build upon the Wealth.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
You should analyse whether 8k per month is a good enough investment per month given your income. Target to invest at-least 25-30% of your monthly income. Since you are young, you can consider Mid & Small-cap funds with a small portion to large-cap funds to generate welath in the long run. You can consider to increase the investment by 10-15% every Year to build upon the Wealth.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
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23-Year-Old With Monthly Income Of ?49,000: How To Invest ?6,000–8,000 Per Month?
Ans: Hi,
You are young and have the time to invest for long duration. We advise that you strive to increase your investment to 15-20k per month(less than half your income) over the next 10-15 Years to achieve a good Corpus. You can plan to invest in a mix of Large, Mid & Small-cap funds with a higher allocation to Mid & Small-cap funds.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
You are young and have the time to invest for long duration. We advise that you strive to increase your investment to 15-20k per month(less than half your income) over the next 10-15 Years to achieve a good Corpus. You can plan to invest in a mix of Large, Mid & Small-cap funds with a higher allocation to Mid & Small-cap funds.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
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Answered on Jul 31, 2024
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Answered on Jul 31, 2024
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Ancestral Property Sale: Base Year Circle Rate?
Ans: Hi,
The base Year has been changed to 2001 and the CII for the base year starts at 100 and keeps increasing every year. The new LTCG taxation says properties bought before 2001 are eleigible for indexation benefit with old taxation while post 2001, the LTCG applicable is 12.5% without indexation
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The base Year has been changed to 2001 and the CII for the base year starts at 100 and keeps increasing every year. The new LTCG taxation says properties bought before 2001 are eleigible for indexation benefit with old taxation while post 2001, the LTCG applicable is 12.5% without indexation
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
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How will the new 13.5% LTCG tax on property sale affect me?
Ans: Hi,
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation. The new LTCG is 12.5% not 13.5%.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation. The new LTCG is 12.5% not 13.5%.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
Asked by Anonymous - Jul 30, 2024Hindi
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Answered on Jul 31, 2024
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Sold Flat in 2021, Reinvested in 2023: Can I Reclaim Capital Gains Tax?
Ans: Hi,
Section 54 of the Income Tax Act exempts you from long-term capital gains if you invest your property gains in a new property. The capital gain is to be reinvested in a new residential property within 1 year before or 2 years after the sale, or construct a new residential property within a period of 3 years. Please check if the duration between the purchase and sale is 2 Years or less.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
Section 54 of the Income Tax Act exempts you from long-term capital gains if you invest your property gains in a new property. The capital gain is to be reinvested in a new residential property within 1 year before or 2 years after the sale, or construct a new residential property within a period of 3 years. Please check if the duration between the purchase and sale is 2 Years or less.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
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Sold Property in June 2024: Can I Claim Indexation for LTCG Tax?
Ans: Hi,
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
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Confused about Capital Gains Tax? I made 2 lacs long term and 1 lac short term with a total income of 5 lacs. What's the tax?
Ans: Hi,
The information given is not sufficient to answer the question. Is the capital gain arising from equity/equity MF or Debt or real estate? Request you to send complete details so that we can answer your question better.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The information given is not sufficient to answer the question. Is the capital gain arising from equity/equity MF or Debt or real estate? Request you to send complete details so that we can answer your question better.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
Asked by Anonymous - Jul 30, 2024Hindi
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How can I make the best of my savings with a monthly income of Rs.70,000?
Ans: Hi,
We should be able to answer your question effectively if we get to know your age and the specific goals you are looking at. Without any goal for a specific duration, it will not be effective to say whether your savings and investment is enough. We urge you to prepare a goal list which might help you to streamline your budget. You can write to us once you have this list so that we can help you better.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
We should be able to answer your question effectively if we get to know your age and the specific goals you are looking at. Without any goal for a specific duration, it will not be effective to say whether your savings and investment is enough. We urge you to prepare a goal list which might help you to streamline your budget. You can write to us once you have this list so that we can help you better.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
Asked by Anonymous - Jul 30, 2024Hindi
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45-Year-Old Seeking 5Cr Retirement Corpus by 50 – How Can I Achieve It?
Ans: Hi,
To start with, savings account will not help your goal. We advise you to invest this corpus in a mix of Largecap & balanced adavntage funds through STP mode to help you reach the goal. We advise to invest the 1.85 lacs saved every month in a mix of Large, Midcap and Hybrid funds to help you towards the goal. FD's also would not help you in achieving the goal that you have mentioned. EPF amount can be withdrawn once you cross 55 Years. Putting all of this together, you should be able to achieve a corpus mentioned by 7 Years not 5 Years provided it is invested into higher returns generating instruments. Since you have 5-7 Years time, it is possible to generate the corpus needed.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
To start with, savings account will not help your goal. We advise you to invest this corpus in a mix of Largecap & balanced adavntage funds through STP mode to help you reach the goal. We advise to invest the 1.85 lacs saved every month in a mix of Large, Midcap and Hybrid funds to help you towards the goal. FD's also would not help you in achieving the goal that you have mentioned. EPF amount can be withdrawn once you cross 55 Years. Putting all of this together, you should be able to achieve a corpus mentioned by 7 Years not 5 Years provided it is invested into higher returns generating instruments. Since you have 5-7 Years time, it is possible to generate the corpus needed.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
Asked by Anonymous - Jul 31, 2024Hindi
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24-Year-Old IT Professional Seeks Investment Advice for 18 Lakh Target in 3-3.5 Years
Ans: Hi,
First of all, we would advise you to check which policy is it that your parents have opened for you. If it is a life insurance policy requiring 17k per month, it might not be an effective policy because it might include an investment portion too. Many orgnaizations today have a decent health insurance policy for their employees. Hence, anything additional on the health insurance front should not cost you a lot of money. Coming to your goal of accumulating 18 lacs in 3-3.5 Years, we would like to say that the duration considered is short and prone to volatility. The more time spent, the better the generation of Wealth. However, to achieve your 18 lacs goal over 4 Years at 12% annualised returns, monthly investment comes to around 29k. One advise which we would like to give is, target a higher corpus and a longer duration to accumulate a larger corpus because you are still young.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
First of all, we would advise you to check which policy is it that your parents have opened for you. If it is a life insurance policy requiring 17k per month, it might not be an effective policy because it might include an investment portion too. Many orgnaizations today have a decent health insurance policy for their employees. Hence, anything additional on the health insurance front should not cost you a lot of money. Coming to your goal of accumulating 18 lacs in 3-3.5 Years, we would like to say that the duration considered is short and prone to volatility. The more time spent, the better the generation of Wealth. However, to achieve your 18 lacs goal over 4 Years at 12% annualised returns, monthly investment comes to around 29k. One advise which we would like to give is, target a higher corpus and a longer duration to accumulate a larger corpus because you are still young.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 31, 2024
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Is index cost applicable to my long-term capital gains from property sale?
Ans: Hi,
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 26, 2024
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Can I retire early at 55 with Rs.2 crore savings? I'm 45, earning Rs.1.2 lakh/month, and currently investing in mutual funds & insurance.
Ans: Hi,
This is insufficient data to answer your question currently. However, assuming that you might have invested the 20 lacs 10 Years back, you might be able to achieve a corpus of close to 1.9 cr after 10 Years from now assuming 12% annualised returns. The 22k sip might yield you a corpus of around 50 lacs in 10 Years assuming 12% annualised returns. You goal looks achievable. You can look to increase the SIP amount since your income shows you have the bandwidth.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
This is insufficient data to answer your question currently. However, assuming that you might have invested the 20 lacs 10 Years back, you might be able to achieve a corpus of close to 1.9 cr after 10 Years from now assuming 12% annualised returns. The 22k sip might yield you a corpus of around 50 lacs in 10 Years assuming 12% annualised returns. You goal looks achievable. You can look to increase the SIP amount since your income shows you have the bandwidth.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 26, 2024
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Confused about EPF Pension? Should I Choose Retirement or Superannuation at 58?
Ans: Hi,
This would depend on how soon you want to start receiving the pension. Assuming that you need the pension starting from age 60, you can apply for refund of EPF amount after age 55 since EPFO considers 55 as the retirement age. For superannuation, it is better to wait till the age of 60 because this comes with tax exemptions.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
This would depend on how soon you want to start receiving the pension. Assuming that you need the pension starting from age 60, you can apply for refund of EPF amount after age 55 since EPFO considers 55 as the retirement age. For superannuation, it is better to wait till the age of 60 because this comes with tax exemptions.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 26, 2024
Asked by Anonymous - Jul 26, 2024Hindi
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How Do I Invest My Mom's Pension Savings (3L) For Regular Income?
Ans: Hi,
Given your mother's age and the situation, you may consider investing the monthly pension into a mix of Largecap, balanced advantage and Debt/Equity arbitrage mutual funds in the ratio of 20%, 50%, 30% respectively. This might help build a good risk-adjusted corpus in the long run. Assuming that you may need certain amount every quarter, you may consider quarterly swp from the funds which can give you a fixed amount. Depending on interest/dividend income might not be advisable since there is some volatility involved. I hope such a mechanism can help you build a good risk-adjusted returns along with receiving frequent amounts as needed.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
Given your mother's age and the situation, you may consider investing the monthly pension into a mix of Largecap, balanced advantage and Debt/Equity arbitrage mutual funds in the ratio of 20%, 50%, 30% respectively. This might help build a good risk-adjusted corpus in the long run. Assuming that you may need certain amount every quarter, you may consider quarterly swp from the funds which can give you a fixed amount. Depending on interest/dividend income might not be advisable since there is some volatility involved. I hope such a mechanism can help you build a good risk-adjusted returns along with receiving frequent amounts as needed.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 26, 2024
Asked by Anonymous - Jul 26, 2024Hindi
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Should I Invest More in Mutual Funds? A 50L Package Earner Asks.
Ans: Hi,
Assuming that your in hand annual compensation is 50 lacs, 85k SIP looks smaller if we go by the expenses and savings ratio that is advisable. This might point out that there might be debt repayments that might be taking a chunk out of your income? You may have to relook on how to reduce your expenses gradually to build sufficent long term wealth. A 1-1.5 lacs SIP per month for the current compensation levels, looks suitable and which can build long term welath. The portfolio mix depends on your risk appetite. Assuming that you have a higher risk appetite, you may look at 25% largecaps, 25% flexicaps, 30% Midcaps & 20% smallcaps through the SIP mode. It is advisable that you do a detailed financial planning to assess where you stand against your future goals.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
Assuming that your in hand annual compensation is 50 lacs, 85k SIP looks smaller if we go by the expenses and savings ratio that is advisable. This might point out that there might be debt repayments that might be taking a chunk out of your income? You may have to relook on how to reduce your expenses gradually to build sufficent long term wealth. A 1-1.5 lacs SIP per month for the current compensation levels, looks suitable and which can build long term welath. The portfolio mix depends on your risk appetite. Assuming that you have a higher risk appetite, you may look at 25% largecaps, 25% flexicaps, 30% Midcaps & 20% smallcaps through the SIP mode. It is advisable that you do a detailed financial planning to assess where you stand against your future goals.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
1
Answered on Jul 26, 2024
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Should I Choose the Old or New Tax Regime with a 40 Lakh Salary?
Ans: Hi,
For the income mentioned by you, assuming that one takes all the deductions available under old tax regime, the old tax regime allows you to save some tax but not by a huge margin. Also, please note that going forward the Government might make more changes in the new tax regime to benefit larger interests. I hope this answers your question
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
For the income mentioned by you, assuming that one takes all the deductions available under old tax regime, the old tax regime allows you to save some tax but not by a huge margin. Also, please note that going forward the Government might make more changes in the new tax regime to benefit larger interests. I hope this answers your question
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
Asked by Anonymous - Jul 23, 2024Hindi
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I'm 35, with a 37-year-old husband. We earn 5 lakhs, spend 1 lakh monthly. Want to buy a flat & hospital worth 9cr, have savings of 50 lakhs. What future plan should we make to be financially independent by 60?
Ans: Hi,
From the given data, we can see that your monthly SIP can be much more than the current 1 lac per month. Assuming your current investment structure, 9-10 crore in 10 Years looks far fetched. We advise to increase your monthly SIP to accelerate your goal achievements.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
From the given data, we can see that your monthly SIP can be much more than the current 1 lac per month. Assuming your current investment structure, 9-10 crore in 10 Years looks far fetched. We advise to increase your monthly SIP to accelerate your goal achievements.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
Asked by Anonymous - Jul 23, 2024Hindi
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46-Year-Old Kolkata Resident Seeking Investment Advice for Daughter's Education and Retirement
Ans: Hi,
The income is on the lower side to plan for expensive education and marriage. However, these are personal decisions that one can take to reduce the expenses. If one wants to plan for expensive education and marriage, you can look to come out of the ancentral property and invest the amount into Balanced advantage funds/Hybrid funds to plan for the education and marriage.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The income is on the lower side to plan for expensive education and marriage. However, these are personal decisions that one can take to reduce the expenses. If one wants to plan for expensive education and marriage, you can look to come out of the ancentral property and invest the amount into Balanced advantage funds/Hybrid funds to plan for the education and marriage.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
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Rs.10,00,000 Mutual Fund Investment for Profitable Diversification and Rs.1,00,000 Annual Income
Ans: Hi,
The type of investment would depend on your age and risk appetite. 100-your age is a broad based allocation to Equity that one can do. We suggest that you do a STP mode of investing. However, the given details is insufficient to give a detailed answer. Also, INR 1 lac per annum looks on the higher side and will drain the Corpus quite soon
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
The type of investment would depend on your age and risk appetite. 100-your age is a broad based allocation to Equity that one can do. We suggest that you do a STP mode of investing. However, the given details is insufficient to give a detailed answer. Also, INR 1 lac per annum looks on the higher side and will drain the Corpus quite soon
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
Asked by Anonymous - Jul 23, 2024Hindi
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How can I secure my family's financial future with a growing family and financial goals?
Ans: Hi,
Broadly, your expenses look on the higher side which is not helping your investments which is low at 25k per month. We advise to streamline your expenses to bring them down while simultaneously increasing the monthly investments. We think that 50k per month should be the base and you can strive to improve upon this on a Yearly basis
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
Broadly, your expenses look on the higher side which is not helping your investments which is low at 25k per month. We advise to streamline your expenses to bring them down while simultaneously increasing the monthly investments. We think that 50k per month should be the base and you can strive to improve upon this on a Yearly basis
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
Asked by Anonymous - Jul 24, 2024Hindi
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NRI with 15 Crore Returning to India: Enough for Balanced Life?
Ans: Hello,
We beleive that 20 crore should be a good corpus for the expenses you have mentioned. Assuming that the duration you are looking for is decently long enough, you can invest the corpus into Large-cap, Balanced advantage and hybrid funds to grow the corpus while you do a systematic withdrwal plan
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
We beleive that 20 crore should be a good corpus for the expenses you have mentioned. Assuming that the duration you are looking for is decently long enough, you can invest the corpus into Large-cap, Balanced advantage and hybrid funds to grow the corpus while you do a systematic withdrwal plan
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
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What long-term investments should I start for my soon-to-be 18-year-old son who's starting a BTech program?
Ans: Hello Manmohan,
We are assuming that you are also relatively younger in your age. Since, you have time, you can go for aggressive portfolio strategy with a higher allocation to Small & Midcap funds with a decent largecap funds exposure. Please be advised to do this in a SIP mode to take advantage of rupee cost averaging
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
(more)
We are assuming that you are also relatively younger in your age. Since, you have time, you can go for aggressive portfolio strategy with a higher allocation to Small & Midcap funds with a decent largecap funds exposure. Please be advised to do this in a SIP mode to take advantage of rupee cost averaging
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons
Answered on Jul 24, 2024
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Answered on Jun 18, 2024
Asked by Anonymous - Jun 16, 2024Hindi
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Answered on Jun 18, 2024
Asked by Anonymous - Jun 17, 2024Hindi
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Answered on Jun 18, 2024
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Hi Sir , am married and have 2 kids . Am earning 45k . Have personal loan for 10 k and rent 20 k , Home expense 10 K here here need some suggestions for investment kindly helps
Ans: Assuming that your earnings are 45K on a post tax basis, you can invest the balance into an SIP of Rs 5K per month. You can use a multicap fund like Nippon India Multicap fund
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Answered on Jun 18, 2024
Asked by Anonymous - Jun 17, 2024Hindi
Listen I want to invest 40 to 50k. and my financial targets more than one lakh. which diversification i need to follow to get better returns low risk. sip or mutual funds or direct shares(equity)? Can any one suggestion me detailed. Thank You in Advance.
Ans: If you have good expertise in investing in stocks, understanding of market cycles and have the time to track your stocks; you can use direct shares. Otherwise, for most investors, mutual funds through SIP mode are a good option. You can start an SIP in a large cap fund like ICICI Bluechip, midcap fund like HDFC Midcap Opportunities and multicap like Nippon India Multicap
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Answered on Jun 18, 2024
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Answered on Jun 18, 2024
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Hello sir, my self Pavan age 36, me and my wife both are working, we have invested in equities worth of 14l at a profit of 40% at present market bullish, and we started SSY of 1.5l in 2020, i have a term plan 1cr, ULP SBI samat scholars, LIC insurance for both of us, we earn 1.5L/m, just now started an voluntary NPS 50K.
Can you suggest more better one plz.
Ans: I dont have clarity as the data is pretty generic. One of the best ways to invest into markets is through systematic investments. You can look to have SIPs across large, flexicap and midcap.
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Answered on Apr 07, 2024
Asked by Anonymous - Apr 07, 2024Hindi
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Kindly advise 2-3 mutual fund investment for lumpsum for longer duration (15-20 years ) ?
Ans: You can look at a mix of Large, Mid & Small-cap funds and decide on the mix based on your risk appetite. You can also park the funds in a debt fund and do a systematic transfer into an equity fund. Some Large-cap funds to mention are Nippon India Largecap fund & Mirae largecap fund. In the mid-cap category one may look at HDFC Mid-cap and SBI mid-cap funds. In the small-cap category one may look at ICICI Small-cap and Kotak small-cap funds.
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Answered on Apr 07, 2024
Asked by Anonymous - Apr 06, 2024Hindi
Listen If a person earns 20 lacs from salary and 15 lacs from freelancing,. (both are take home amounts) How will the income tax calculated? Entire 35 lacs will be taxed as per current slabs or freelancing income will have a flat 10% tax?
Ans: The whole income will get added up. However, the freelancing income can be treated as income from business and profession and accordingly you can show relevant expenses that are attributable to this income or to run the freelancing business. Probably you are referring to the Tax deducted at Source (TDS). Note that TDS only only the deduction at source.. you would need to compute the tax while filing your return, show the TDS paid and arrive at the balance tax payable.
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Answered on Apr 07, 2024
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Sir, I AM 48 years and expected to work another 10 years, currently I have FD 30Lakh and maturing 04-10-24, MF accumulated value 22 Lakh and monthly SIP 60K and plan to rampup 10K every year. My question is should reinvest my FD as soon as it mature in MF, if Yes could please suggest good MF to invest in lumpsum and I can hold 5 to 8 years or more. also what would be the corpus I can make after 10 years with above investment.
Ans: It is better to reinvest your FD into MF’s since you have 10 Years to retirement. You can look at a mix of Large, Mid & Small-cap funds with a higher ratio to Large & Midcap funds with a systematic transfer plan(STP) mode or one time. Some Large-cap funds to mention are Nippon India Largecap fund, ICICI Bluechip fund & Mirae Largecap fund. In the mid-cap category one may look at HDFC Mid-cap and SBI mid-cap funds. In the small-cap category one may look at ICICI Small-cap and Kotak small-cap funds. Small-cap funds can be through STPs through manage risk better. You are likely to build up a corpus of around Rs 4 cr.
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