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Milind Vadjikar
Insurance, Stocks, MF, PF Expert
1208 Answers | 58 FollowersFollow
Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Answered on May 08, 2025
HOW TO CHOOSE HEALTH INSURANCE
Ans: Hello;
You may shortlist health insurers based on following factors:
1. Incurred claims settlement ratio for 3 years atleast, preferable if available for 5 years.
2. List of network hospitals across the country and around the places that you generally operate. The more the better.
3. List of black listed hospitals so as to avoid them.
4. Low waiting period for pre-existing illnesses.
5. Claim settlement through TPA or directly the insurer(better). Also cashless claim settlement feature is desirable.
6. Reputation in the market.(Capital adequacy)
7. List of permanent exclusions
8. No sub limit on daily room rent.
9. Alternative therapies covered(Ayurveda, homeopathy etc).
10. Psychiatric treatments coverage.
Key is to disclose all existing conditions and conduct medical tests as requested by the insurer.
This way the chances of claim rejection are reduced.
You may also consult an insurance advisor if required, for further clarity.
Best wishes
(more)
You may shortlist health insurers based on following factors:
1. Incurred claims settlement ratio for 3 years atleast, preferable if available for 5 years.
2. List of network hospitals across the country and around the places that you generally operate. The more the better.
3. List of black listed hospitals so as to avoid them.
4. Low waiting period for pre-existing illnesses.
5. Claim settlement through TPA or directly the insurer(better). Also cashless claim settlement feature is desirable.
6. Reputation in the market.(Capital adequacy)
7. List of permanent exclusions
8. No sub limit on daily room rent.
9. Alternative therapies covered(Ayurveda, homeopathy etc).
10. Psychiatric treatments coverage.
Key is to disclose all existing conditions and conduct medical tests as requested by the insurer.
This way the chances of claim rejection are reduced.
You may also consult an insurance advisor if required, for further clarity.
Best wishes
Answered on May 08, 2025
Asked by Anonymous - May 08, 2025
Dear Guru's, I didn't renew my co-operate health insurance for my mom this year, thinking I'll get a private health insurance and my research kept on dragging till now to find one private health insurance..I did find...but suddenly now we have a situation for varicose vein treatment for my mom..now I'm without insurance in the hand....is there anything I can do...my co-operate insurance covers with no waiting period (can only purchase next year apr-2026)..but if I take a private health insurance now after 3 yr the treatment will be covered. I'm stuck now.. wether i should pay out of my own pocket or wait until next year...?
Ans: Hello;
It is entirely your mistake therefore no point in your Mother bearing brunt for the same by suffering with the disease till health cover is back.
Pay it from your pocket. If she is above 70 then Ayushman Bharat Yojana is applicable. If she is above 60 some state govt schemes are there but you need to check with state of her domicile.
Many charitable hospitals may offer treatment/surgery discount to senior citizens above 60 age.
And please do take adequate health care cover for you parents at the earliest.
Best wishes;
(more)
It is entirely your mistake therefore no point in your Mother bearing brunt for the same by suffering with the disease till health cover is back.
Pay it from your pocket. If she is above 70 then Ayushman Bharat Yojana is applicable. If she is above 60 some state govt schemes are there but you need to check with state of her domicile.
Many charitable hospitals may offer treatment/surgery discount to senior citizens above 60 age.
And please do take adequate health care cover for you parents at the earliest.
Best wishes;
Answered on May 07, 2025
Namste sir mera naam badshah hai
Me aditya birla sun life psu me nivesh karna chahta hu har mahine 1000 rupye ke hisab se 15 saal ke liye kya ye sahi rahega?
Ans: Hello;
I would recommend you to avoid thematic fund and instead invest in a flexicap type mutual fund for 15 year horizon.
But make sure to step up your monthly sip for example say by 10% each year to enhance the possibility of building a decent corpus.
Best wishes;
(more)
I would recommend you to avoid thematic fund and instead invest in a flexicap type mutual fund for 15 year horizon.
But make sure to step up your monthly sip for example say by 10% each year to enhance the possibility of building a decent corpus.
Best wishes;
Answered on May 06, 2025
Sir, I am 38 years old and presently investing in MF through monthly SIPs of Rs. 30,000. Presently my Corpus is Rs. 35 lacs. Apart from that I have Corpus of Rs. 30 lacs in NPS and monthly contribution including me employer contribution to NPS is 27000 per month. Now I have availed a Housing loan and as such I will be reducing my SIP from existing 30000 per month to 10000 per month. Kindly let me know with existing portfolio as I will not withdraw the Mf Corpus and NPS for the next 20 years, can I accumulate 3 crores in next 20 years. My monthly NPS contribution will continue till I attain 60 years. Also assuming the present Corpus and future SIP of 10000 per month, what will be my Corpus when I attain 60 years.
Ans: Hello;
With present MF corpus of 35 L and new monthly sip of 10 K for 20 years will lead you to a corpus of 3.11 Cr assuming modest return of 10%.
Further the present NPS corpus of 30 L and monthly investment of 27 K for 22 years will lead you to a corpus of 3.58 Cr at the age of 60 assuming modest return of 8%.
Key is discipline and performance review of funds as well as asset allocation.
Best wishes;
(more)
With present MF corpus of 35 L and new monthly sip of 10 K for 20 years will lead you to a corpus of 3.11 Cr assuming modest return of 10%.
Further the present NPS corpus of 30 L and monthly investment of 27 K for 22 years will lead you to a corpus of 3.58 Cr at the age of 60 assuming modest return of 8%.
Key is discipline and performance review of funds as well as asset allocation.
Best wishes;
Answered on May 04, 2025
Asked by Anonymous - May 03, 2025
Dear Sir,
I am 40 years old. I have a home loan with an outstanding amount of 98 lakhs, an EMI of 1.32 lakhs, and a remaining tenure of 102 months. I also have a personal loan with an outstanding amount of 11.3 lakhs, an EMI of 65,000, and a remaining tenure of 19 months. My current salary is 6.5 lakhs per month.
I have investments in stocks and mutual funds worth 66 lakhs, gold worth 9 lakhs, fixed deposits worth 10 lakhs, and a PPF account worth 8 lakhs.
Please advise whether I should make a prepayment towards my loans or continue with my EMIs and allow my investments to grow.
Ans: Hello;
You must definitely prepay your outstanding loans as much as possible.
With the current corpus you can repay personal loan entirely and more then 50% of the outstanding home loan.
You may reduce the EMI on home loan by keeping the tenure same.
This will ensure more investible surplus available for investments into MFs, NPS, PPF, Gold and Bank FDs for your financial goals.
Best wishes;
(more)
You must definitely prepay your outstanding loans as much as possible.
With the current corpus you can repay personal loan entirely and more then 50% of the outstanding home loan.
You may reduce the EMI on home loan by keeping the tenure same.
This will ensure more investible surplus available for investments into MFs, NPS, PPF, Gold and Bank FDs for your financial goals.
Best wishes;
Answered on May 03, 2025
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SATISH Asked on - Apr 29, 2025
I have 10 L lump sum. I want to park it and then do STP. I have two debt funds Nippon liquid and Axis Short term fund, which one will be better to park for stp? How much time should be given to move this to equity by STP. I have Nippon and ICICI large cap, hdfc mid cap,Nippon multi cap and hdfc hybrid equity. Which would be better and how much stp every month? Or do I need to open one more fund for STP? Please guide me for horizon of 6 years
Ans: Hello;
Your query is very specific. I recommend you to consult an MFD or an investment advisor to get a bespoke solution to your query.
Best wishes;
(more)
Your query is very specific. I recommend you to consult an MFD or an investment advisor to get a bespoke solution to your query.
Best wishes;
Answered on May 02, 2025
Asked by Anonymous - May 02, 2025
Im 32yo married working women. These are my monthly investments in different instruments, kindly suggest if I'm going in the right direction:
Monthly sip amount Rs 15000
Monthly rd amount Rs 12300
& Im planning to contribute in the range of 120000 to 150000 annually on ppf
My monthly NPS contribution from both employer n me combined is Rs 9500
My goal is retirement planning & to meet long term financial needs of family. Please evaluate.
Ans: Hello;
Firstly you need to confirm the corpus you are targeting to fund your retired life and the time available to accumulate the same.
Also you need to specify long term financial needs of family in terms of amount and time required to achieve it.
Please confirm.
Thanks;
(more)
Firstly you need to confirm the corpus you are targeting to fund your retired life and the time available to accumulate the same.
Also you need to specify long term financial needs of family in terms of amount and time required to achieve it.
Please confirm.
Thanks;
Answered on May 02, 2025
Answered on May 02, 2025
Asked by Anonymous - Apr 30, 2025
Dear Sir, What is wise decision to invest whether in Flat purchasing Mumbai or Pune for about 85 lacs-2 BHK ( 70% should be loan ). Or go for Plot Purchase of around 2000 sq,ft in Nagpur of around 40 lacs with minimal loan amount. Which investment will provide good returns after 10 yrs. However, I have already two flat in two different city . If you ask about the invest in Market or SIP that slowly i am doing and already planned very well . Specifically I want suggestion on the two alternatives for investment .
Ans: Hello;
I would recommend purchasing flat in Pune/Mumbai over land in Nagpur.
Because flat would provide you monthly rental towards EMI repayment plus property value appreciation.
Whereas in land property only asset value appreciation is possible without any monthly income.
Ultimately location, time to hold, and ease of liquidity also play major role in real estate investment.
Best wishes;
(more)
I would recommend purchasing flat in Pune/Mumbai over land in Nagpur.
Because flat would provide you monthly rental towards EMI repayment plus property value appreciation.
Whereas in land property only asset value appreciation is possible without any monthly income.
Ultimately location, time to hold, and ease of liquidity also play major role in real estate investment.
Best wishes;
Answered on May 02, 2025
Asked by Anonymous - May 01, 2025
I want to buy a commercial space in Pune somewhere in the year 2028.
How should I plan my finances? I am freelancer with no fixed mo thly income
Ans: Hello;
If you do not have a fixed monthly income then chances of getting a loan are remote.
Also it is not assured to generate a corpus within 3 years through MF investments.
You may consider gold loan or loan against residential property for financing your commercial property purchase.
Best wishes;
(more)
If you do not have a fixed monthly income then chances of getting a loan are remote.
Also it is not assured to generate a corpus within 3 years through MF investments.
You may consider gold loan or loan against residential property for financing your commercial property purchase.
Best wishes;
Answered on Apr 29, 2025
I am 41 years old male working in a private firm and investing from 2017 in MFs and accumulated around 20 lakhs. My target is to achieve 3 crores in 15 years ( from 2025 ) . My portfolio is given below , Apart from MF investing NPS & PPF and some times in Direct equity.
Question :
1) Is my fund selection ok , With this current Portfolio along with 10 % Stepup can i achieve my goal.
2) Is SBI blue chip & HSBC small cap funds ok or do I switch to other funds ?
3) Want to invest 5000 more, in which fund should I allocate ?
4) Shall I stop PPF and that money I divert to a mutual fund?
5) Some other funds are also there in my portfolio which I stopped SIP but did not withdraw the amount. What is the best strategy in this case? Mutual Funds
S/no Fund name Amount (RS) /month
1 SBI Blue Chip fund 5000
2 Parag Parikh Flexi Cap fund 10000
3 Kotak Multicap Fund 5000
4 Motilal Oswal Mid Cap fund 10000
5 HDFC Mid Cap opportunities 5000
7 HSBC Small Cap fund 5000
8 Nippon India Small Cap fund 5000
Total 45000
S/no NPS Amount (RS) /month
1 Tier -1 7000
2 Tier -2 3000
PPF Amount (RS) / year
1 ICICI PPF 60000
Ans: Hello;
Please find pointwise reply to your queries:
1. You already have allocation to small and mid caps through Flexi cap and multicap funds. Despite that you may have additional allocation to One dedicated mid and small cap fund but not two!
The monthly sip's into second small cap and midcap fund may instead be moved to an aggressive hybrid type mutual fund and multi asset allocation type mutual fund.
You may achieve your target with the proposed step up(10%) planned even considering 10% modest returns from MF investments.
2. Funds are okay however you need to review risk-adjusted performance every year with reference to the benchmark and category average and then decide suitably.
3. You may invest additional 5 K in gold mutual fund.
4. Keep contributing to PPF. It's a social security scheme and goes towards sovereign debt in your overall asset allocation.
5. Review past MF holding in line with your overall asset allocation, portfolio overlap, risk adjusted performance and decide as appropriate.
You may select and avoid funds from suggested categories based on risk adjusted performance criteria.
This being a neutral forum we are prohibited to recommend xyz fund.
Happy Investing;
(more)
Please find pointwise reply to your queries:
1. You already have allocation to small and mid caps through Flexi cap and multicap funds. Despite that you may have additional allocation to One dedicated mid and small cap fund but not two!
The monthly sip's into second small cap and midcap fund may instead be moved to an aggressive hybrid type mutual fund and multi asset allocation type mutual fund.
You may achieve your target with the proposed step up(10%) planned even considering 10% modest returns from MF investments.
2. Funds are okay however you need to review risk-adjusted performance every year with reference to the benchmark and category average and then decide suitably.
3. You may invest additional 5 K in gold mutual fund.
4. Keep contributing to PPF. It's a social security scheme and goes towards sovereign debt in your overall asset allocation.
5. Review past MF holding in line with your overall asset allocation, portfolio overlap, risk adjusted performance and decide as appropriate.
You may select and avoid funds from suggested categories based on risk adjusted performance criteria.
This being a neutral forum we are prohibited to recommend xyz fund.
Happy Investing;
Answered on Apr 28, 2025
We are a Private Limited Company with an employee strength of 60, and we strictly follow all PF rules. As per the applicable salary criteria, we contribute to the Provident Fund wherever required.
Recently, we discovered that an employee who joined our company two years ago has an existing UAN linked to their Aadhaar. However, at the time of joining, the employee declared in Form 11 that they did not have a PF account. Based on this declaration, we did not contribute to their PF account.
Now, the employee states that they were unaware of their PF account, and the UAN linked to their Aadhaar is currently inactive. Furthermore, they do not wish to activate their PF account.
Given this situation, should we present Form 11 as valid proof for non-contribution, or are there any corrective actions required to comply with PF regulations? Kindly guide us on the appropriate steps to take in this matter.
Ans: Hello;
If the organisation is such that EPFO laws are applicable and if employee 's salary is as per the threshold given by EPFO (15 K basic +DA) then you don't have an option to avoid EPF.
The EPFO commissioner may issue your organisation a show cause notice as to why the form-11 submitted by the employee was not scrutinized thoroughly when it was submitted.
You may furnish joint declaration in the prescribed format to correct the mistake in form 11 and deposit all employer employee contributions till date with penalty as decided by the EPF Commissioner.
Actually such willful suppression of facts by the employee, which bring the employer into legal issues, deserves termination.
Seek advice from a lawyer specializing in labour and EPF laws, if required.
Best wishes;
(more)
If the organisation is such that EPFO laws are applicable and if employee 's salary is as per the threshold given by EPFO (15 K basic +DA) then you don't have an option to avoid EPF.
The EPFO commissioner may issue your organisation a show cause notice as to why the form-11 submitted by the employee was not scrutinized thoroughly when it was submitted.
You may furnish joint declaration in the prescribed format to correct the mistake in form 11 and deposit all employer employee contributions till date with penalty as decided by the EPF Commissioner.
Actually such willful suppression of facts by the employee, which bring the employer into legal issues, deserves termination.
Seek advice from a lawyer specializing in labour and EPF laws, if required.
Best wishes;
Answered on Apr 28, 2025
Hi Sir, I had worked in a Pharma company since 1990 till 2004 with all the PF and Pension fund contributions paid. However I subsequently changed the organisation and a new PF no was allocated alongwith UAN No which I left in the year 2013. I do have a Scheme Certificate from the previous company but no UAN No (as the UAN nos came subsequently) and the older PF account has an erroneous DOB for which Y am persuing the previous employer.
Now I wish to club the two PF accounts together. How to go about. Please guide and enlighten.
Thanks and Regards
Kanwaljit Singh
Ans: Hello;
You first need to correct your DOB in previous pf account by submitting a joint declaration(in the prescribed format) with your previous employer to the assigned EPFO office.
After clearing this you need to activate your UAN online on EPFO portal.
Once your UAN is activated you can merge all your previous pf accounts under the same UAN online through the EPFO member portal.
Best wishes;
(more)
You first need to correct your DOB in previous pf account by submitting a joint declaration(in the prescribed format) with your previous employer to the assigned EPFO office.
After clearing this you need to activate your UAN online on EPFO portal.
Once your UAN is activated you can merge all your previous pf accounts under the same UAN online through the EPFO member portal.
Best wishes;
Answered on Apr 28, 2025
I am 43 years old and an aggressive investor and I started investing 1 lac per month in SIP in 2019. These are my current funds of 20k each per month :
1. CANARA ROBECO EMERGING EQUITIES
2. HDFC MID-CAP OPPORTUNITIES FUND
3. SBI FLEXICAP FUND
4. ICICI PRUDENTIAL BLUECHIP FUND
5. NIPPON INDIA SMALL CAP FUND
In 2024, i started to invest another 1.8 lacs per month split in the following funds :
6. Quant Small Cap Fund
7. Motilal Oswal Midcap Fund
8. Canara Robeco Infrastructure
9. Quant Large and Mid Cap Fund
10. Bandhan Small cap Fund
11. Quant Commodities Fund
12. LIC MF Manufacturing Fund
13. Quant Dynamic Asset Allocation Fund
14. INVESCO INDIA LARGE AND MID CAP FUND
15. SBI Automotive Opportunities Fund
16. Motilal Oswal Large and Midcap Fund
Could you share your views on my overall portfolio please, and if I should change any of them ?
Ans: Hello;
Please clarify your time horizon for these investments.
Thanks;
(more)
Please clarify your time horizon for these investments.
Thanks;
Answered on Apr 28, 2025
I retired at an age of 58 from a private company and my PF contribution stopped. After 3 months I applied for Pension and I am getting it regularly. I shall be of 59 shortly in May 2025. I want to know till what time I keep getting interest . I am seeing confusing statements that account becomes inoperative at 58 as EPF takes age of retirement as 55. - Deepak Patwardhan
Ans: Hello;
If you have contributed to EPF till the age of 58, your epf account will earn interest till 61 age, without contribution.
Best wishes;
If you have contributed to EPF till the age of 58, your epf account will earn interest till 61 age, without contribution.
Best wishes;
Asked on - Apr 28, 2025 | Answered on Apr 28, 2025
CAn you comment on Taxation for interest earned? I want to know if my interest earned would be tax free till 61 or not?
Ans: Hello;
Interest earned on EPF corpus during phases of non contribution is fully taxable.
Best wishes;
Interest earned on EPF corpus during phases of non contribution is fully taxable.
Best wishes;
Answered on Apr 27, 2025
Please advise, shares of ril be purchased for dividend and adding more shares for long term
Ans: Hello;
Reliance doesn't have a great dividend payout record.
Each of Reliance's business has innovative disruption knocking at their door.
Jio has threat from starlink, oneweb and other such innovations.
Retail has strong threat from E-Com and now Q-Com.
Worldwide EVs are fast replacing vehicles run on petrol/diesel.
We are not sure how Reliance will adapt to this intensely competitive landscape.
Therefore our view is to stay away from direct stocks be it Reliance or any other and invest in mutual funds for long term.
Best wishes;
Reliance doesn't have a great dividend payout record.
Each of Reliance's business has innovative disruption knocking at their door.
Jio has threat from starlink, oneweb and other such innovations.
Retail has strong threat from E-Com and now Q-Com.
Worldwide EVs are fast replacing vehicles run on petrol/diesel.
We are not sure how Reliance will adapt to this intensely competitive landscape.
Therefore our view is to stay away from direct stocks be it Reliance or any other and invest in mutual funds for long term.
Best wishes;
Asked on - Apr 28, 2025 | Answered on Apr 28, 2025
Thanks
Ans: Welcome!
Answered on Apr 23, 2025
Answered on Apr 22, 2025
Listen
Should I invest in SBI Future Build Lock-in Period Life Insurance with yearly premium of 40000?
Ans: Hello;
I would honestly recommend you to avoid ULIPs under all circumstances because they are inefficient both for insurance as well as investment returns.
It is better to buy adequate term life cover and invest in NPS and mutual funds for retirement and other financial goals.
Best wishes;
(more)
I would honestly recommend you to avoid ULIPs under all circumstances because they are inefficient both for insurance as well as investment returns.
It is better to buy adequate term life cover and invest in NPS and mutual funds for retirement and other financial goals.
Best wishes;
Answered on Apr 22, 2025
Asked by Anonymous - Apr 22, 2025Hindi
Listen Should I Even Bother Trying to Rebuild My Retirement at 38 After Withdrawing from My EPF?
Ans: Hello;
No need to panic. That was your need at that point of time so it's okay.
First and foremost open an NPS account for retirement planning. It allows very limited withdrawals.
Invest in it as much as possible. You can also set-up monthly regular investment into NPS through D-remit feature.
Even if you invest 25 K per month in NPS you may expect a corpus of 1.8 Cr at the age of 60 assuming modest return of 8%.
Best wishes;
(more)
No need to panic. That was your need at that point of time so it's okay.
First and foremost open an NPS account for retirement planning. It allows very limited withdrawals.
Invest in it as much as possible. You can also set-up monthly regular investment into NPS through D-remit feature.
Even if you invest 25 K per month in NPS you may expect a corpus of 1.8 Cr at the age of 60 assuming modest return of 8%.
Best wishes;
Answered on Apr 22, 2025
Listen
(more)
Financial Expert's SWP Advice: Can I Expect Better Returns?
Ans: Hello;
Managing your personal finance by watching YouTube videos of finfluencers can be injurious to your financial health.
Do not fall for it ever because their are vested interests. Keep in mind that if something is available for free then you are the product.
It would be better to consult an investment advisor or a certified financial planner.
Best wishes;
Managing your personal finance by watching YouTube videos of finfluencers can be injurious to your financial health.
Do not fall for it ever because their are vested interests. Keep in mind that if something is available for free then you are the product.
It would be better to consult an investment advisor or a certified financial planner.
Best wishes;
Asked on - Apr 24, 2025 | Answered on Apr 24, 2025
Thankyou millind sir for your valuable suggestion...and yes you are correct sir but I have already consulted to two persons one is a fund manager in IIFL and another is financial planner in motilal Oswal...wanted to be more clear on SWP concept.....as I want to invest a big amount from my hard earning for my future
Ans: Hello;
What is your current age?
Please confirm.
Thanks
What is your current age?
Please confirm.
Thanks
Answered on Apr 21, 2025
Listen
Should I Prepay My Home Loan or Invest My Rs. 30 Lacs Elsewhere?
Ans: Hello;
From financial prudence stand point as well as tax point of view it makes sense to repay the home loan.
Capital gain from the sell of old property can be set off against new property loan repayment thereby avoiding capital gain tax payment completely.
However considering new Incom tax bill recently passed by the parliament it would be better to consult a CA specializing in personal income tax, on this topic.
You may keep the tenure same and reduce EMI thereby getting more investible surplus income that could be moved to NPS/monthly sip's towards your long term goals.
Best wishes;
(more)
From financial prudence stand point as well as tax point of view it makes sense to repay the home loan.
Capital gain from the sell of old property can be set off against new property loan repayment thereby avoiding capital gain tax payment completely.
However considering new Incom tax bill recently passed by the parliament it would be better to consult a CA specializing in personal income tax, on this topic.
You may keep the tenure same and reduce EMI thereby getting more investible surplus income that could be moved to NPS/monthly sip's towards your long term goals.
Best wishes;
Answered on Apr 19, 2025
Listen
Should I withdraw my PF funds at 59? | Reader Question
Ans: Hello;
You may try online withdrawal again under para 68NN but my view is that it is cumbersome, non user friendly and hence can be frustrating.
You may also approach the EPFO office where your PF account is held physically and submit your withdrawal request under para 68NN by enclosing all supporting documents.
If all documents are in order, you may expect to receive funds in 2-3 weeks.
Best wishes;
(more)
You may try online withdrawal again under para 68NN but my view is that it is cumbersome, non user friendly and hence can be frustrating.
You may also approach the EPFO office where your PF account is held physically and submit your withdrawal request under para 68NN by enclosing all supporting documents.
If all documents are in order, you may expect to receive funds in 2-3 weeks.
Best wishes;
Answered on Apr 19, 2025
Listen
How much will I receive at maturity for my son's Jeevan Shree policy?
Ans: Hello;
Your son may expect a maturity amount of around 6-6.5 L.
Your son may receive the maturity proceeds in his account, tax free and then he can gift it to you without need to pay any tax being gift from blood relative.
Check with a practising CA if you want more clarity on the matter.
Best wishes;
(more)
Your son may expect a maturity amount of around 6-6.5 L.
Your son may receive the maturity proceeds in his account, tax free and then he can gift it to you without need to pay any tax being gift from blood relative.
Check with a practising CA if you want more clarity on the matter.
Best wishes;
Answered on Apr 19, 2025
Asked by Anonymous - Apr 19, 2025Hindi
Listen
Answered on Apr 18, 2025
Asked by Anonymous - Apr 17, 2025Hindi
Listen
Answered on Apr 16, 2025
Asked by Anonymous - Apr 16, 2025Hindi
Listen 
Jobless and in Debt: Can I Pause My Education Loan EMIs?
Ans: Hello;
Talk to your lender and explore possibility of temporary moratorium or restructuring of the loan.
If you assure the lender about your intent to repay the loan they may go soft on your cibil score, if you make a polite request about it.
If this works well and good.
If no, then talk to your parents and see if you can sell some asset to repay the loan.
Always ensure to keep 8-10 months worth of regular expense coverage as emergency funds when you have overdue loans.
It helps during such situations.
Best wishes;
(more)
Talk to your lender and explore possibility of temporary moratorium or restructuring of the loan.
If you assure the lender about your intent to repay the loan they may go soft on your cibil score, if you make a polite request about it.
If this works well and good.
If no, then talk to your parents and see if you can sell some asset to repay the loan.
Always ensure to keep 8-10 months worth of regular expense coverage as emergency funds when you have overdue loans.
It helps during such situations.
Best wishes;
Answered on Apr 16, 2025
Asked by Anonymous - Apr 16, 2025Hindi
Listen Should I Hold or Sell Mutual Funds I Was Pressured Into Buying?
Ans: Hello;
Buying a financial product from a bank employee is the worst thing to do!
Because the issue is they have their own self interest in mind(push a product without any due diligence for higher incentives) rather than your suitability, preference and choice.
Which MF scheme did he sell you?
Based on your response I will be able to comment on next steps.
Be very cautious next time you visit a bank.
Best wishes;
(more)
Buying a financial product from a bank employee is the worst thing to do!
Because the issue is they have their own self interest in mind(push a product without any due diligence for higher incentives) rather than your suitability, preference and choice.
Which MF scheme did he sell you?
Based on your response I will be able to comment on next steps.
Be very cautious next time you visit a bank.
Best wishes;
Answered on Apr 16, 2025
Asked by Anonymous - Apr 16, 2025Hindi
Listen 
Withdrawn EPF at 38, No Retirement Savings: Can I Recover?
Ans: Hello;
No need to panic. That was your need at that point of time so it's okay.
First and foremost open an NPS account for retirement planning. It allows very limited withdrawals.
Invest in it as much as possible. You can also set-up monthly regular investment into NPS through D-remit feature.
Even if you invest 25 K per month in NPS you may expect a corpus of 1.8 Cr at the age of 60 assuming modest return of 8%.
Best wishes;
(more)
No need to panic. That was your need at that point of time so it's okay.
First and foremost open an NPS account for retirement planning. It allows very limited withdrawals.
Invest in it as much as possible. You can also set-up monthly regular investment into NPS through D-remit feature.
Even if you invest 25 K per month in NPS you may expect a corpus of 1.8 Cr at the age of 60 assuming modest return of 8%.
Best wishes;
Answered on Apr 15, 2025
Asked by Anonymous - Apr 12, 2025Hindi
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40 with 20L Savings - How to Invest 25k Monthly?
Ans: Hello;
You may start a monthly sip of 12.5 K each into a flexicap type mutual fund and a multi asset allocation type mutual fund.
You may select any fund from the top performance quartile in the respective categories.
Assuming modest return of 10% it may grow into a sum of around 1.91 Cr after 20 years.
These funds will manage the asset allocation for you depending on market scenario so no tweaking required to be done at your end.
As you reach closer to your goal the gains made should be transferred to safe heaven to avoid market volatility impact.
Happy Investing;
(more)
You may start a monthly sip of 12.5 K each into a flexicap type mutual fund and a multi asset allocation type mutual fund.
You may select any fund from the top performance quartile in the respective categories.
Assuming modest return of 10% it may grow into a sum of around 1.91 Cr after 20 years.
These funds will manage the asset allocation for you depending on market scenario so no tweaking required to be done at your end.
As you reach closer to your goal the gains made should be transferred to safe heaven to avoid market volatility impact.
Happy Investing;
Answered on Apr 15, 2025
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Bajaj Allianz Life Ace Plan - Good Investment or Not?
Ans: Hello;
Request you to elaborate policy term, payback(regular and final), annual premium and your age.
Traditional insurance policies never provide return higher then 5.5-6% and you seem to be claiming 8% return.
Any which way coupling insurance with investment is a blunder of mammoth proportions.
People get carried away with words like guaranteed, profit sharing, bonus rather then rationally trying to estimate the rate of return from such undesirable investments.
I reserve my final comment on this until you furnish me with the above requested details.
Thanks;
(more)
Request you to elaborate policy term, payback(regular and final), annual premium and your age.
Traditional insurance policies never provide return higher then 5.5-6% and you seem to be claiming 8% return.
Any which way coupling insurance with investment is a blunder of mammoth proportions.
People get carried away with words like guaranteed, profit sharing, bonus rather then rationally trying to estimate the rate of return from such undesirable investments.
I reserve my final comment on this until you furnish me with the above requested details.
Thanks;
Answered on Apr 15, 2025
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Can I retire at 50 with 1 Cr and get ₹1.5 lakhs/month for 20 years?
Ans: Hello;
You will need a minimum corpus of 5.5 Cr so as to generate post-tax monthly income of 1.5 L+ at a sustainable SWP rate of 4%.
With your current corpus and additional sip for 5 years you are expected to achieve a corpus of ~2.2 Cr.
This highlights a gap of 3.3 Cr which you may fund through other resources.
A modest return of 10% is considered from MF investment.
Best wishes;
(more)
You will need a minimum corpus of 5.5 Cr so as to generate post-tax monthly income of 1.5 L+ at a sustainable SWP rate of 4%.
With your current corpus and additional sip for 5 years you are expected to achieve a corpus of ~2.2 Cr.
This highlights a gap of 3.3 Cr which you may fund through other resources.
A modest return of 10% is considered from MF investment.
Best wishes;
Answered on Apr 13, 2025
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Investing 40,000 with no knowledge: Stocks or Mutual Funds?
Ans: Hello;
First of all remove inferiority complex from your mind.
You are as much a friend as all other answer seekers are!
Normally we seek inputs like your age, time horizon for investment, purpose of investment, you risk appetite and financial profile before advising on the type of investment.
Most people who don't have time, knowledge and temperament for stock trading should avoid doing so directly.
You may invest it in a balanced advantage type mutual fund for 5 year horizon. You may select any fund from the top performance quartile in this category.
Also NPS is desirable for retirement planning.
Best wishes;
(more)
First of all remove inferiority complex from your mind.
You are as much a friend as all other answer seekers are!
Normally we seek inputs like your age, time horizon for investment, purpose of investment, you risk appetite and financial profile before advising on the type of investment.
Most people who don't have time, knowledge and temperament for stock trading should avoid doing so directly.
You may invest it in a balanced advantage type mutual fund for 5 year horizon. You may select any fund from the top performance quartile in this category.
Also NPS is desirable for retirement planning.
Best wishes;
Answered on Apr 13, 2025
Asked by Anonymous - Apr 12, 2025Hindi
Listen Real Estate vs. Mutual Funds: Where Should I Invest $300K?
Ans: Hello;
It is difficult to give an advice without knowing specifics of the case.
I would ideally recommend to include both in your portfolio but if it has to be a choice between the two, I would recommend real estate, as a general advice.
Liquidity, Maintenance, property tax are hassles and costs in real estate but asset price and monthly rentals are generally flat or headed northwards over time unless it is some odd case.
MFs holdings are highly liquid, No maintenance charges and efficient tax treatment. But it is subject to market vagaries.
Consult an investment advisor or a certified financial planner to seek more clarity and firm up your decision.
Best wishes;
(more)
It is difficult to give an advice without knowing specifics of the case.
I would ideally recommend to include both in your portfolio but if it has to be a choice between the two, I would recommend real estate, as a general advice.
Liquidity, Maintenance, property tax are hassles and costs in real estate but asset price and monthly rentals are generally flat or headed northwards over time unless it is some odd case.
MFs holdings are highly liquid, No maintenance charges and efficient tax treatment. But it is subject to market vagaries.
Consult an investment advisor or a certified financial planner to seek more clarity and firm up your decision.
Best wishes;
Answered on Apr 13, 2025
Asked by Anonymous - Apr 12, 2025Hindi
Listen Provident Fund: Tracking Employer Contributions
Ans: Hello;
You may check contributions made to your epf account by accessing passbook by logging in to EPFO portal or Umang app.
You may also check your salary slip for the same.
Balance update in your epf account can also be checked through sms and missed call facility as given on the EPFO portal.
You may raise a grievance online with EPFiGMS portal regarding non payment of epf contribution by your employer.
EPFO has reasonable powers to ensure employer pays his share contribution on time and with penalty, if delayed.
They can forfeit assets and also file criminal police complaint against the employer.
Best wishes;
(more)
You may check contributions made to your epf account by accessing passbook by logging in to EPFO portal or Umang app.
You may also check your salary slip for the same.
Balance update in your epf account can also be checked through sms and missed call facility as given on the EPFO portal.
You may raise a grievance online with EPFiGMS portal regarding non payment of epf contribution by your employer.
EPFO has reasonable powers to ensure employer pays his share contribution on time and with penalty, if delayed.
They can forfeit assets and also file criminal police complaint against the employer.
Best wishes;
Answered on Apr 13, 2025
Asked by Anonymous - Apr 13, 2025Hindi
Listen 38 Year Old with Investment Portfolio of 1.84 Crores: Can I Reach 500 Crores by 60?
Ans: Hello;
With the current corpus and regular investments you may reach a sum of 50 Cr by the age of 60.
If indeed your objective is 500 Crs by 60 then you need to make a monthly sip of 50 L.
MF and stock returns assumed at 10% and NPS at 8% to be on the conservative side.
Happy Investing;
(more)
With the current corpus and regular investments you may reach a sum of 50 Cr by the age of 60.
If indeed your objective is 500 Crs by 60 then you need to make a monthly sip of 50 L.
MF and stock returns assumed at 10% and NPS at 8% to be on the conservative side.
Happy Investing;
Answered on Apr 13, 2025
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42 year old PSU employee with 23k monthly SIPs seeks portfolio optimization advice
Ans: Hello;
You just need 4 funds in your portfolio:
1. Flexicap type mutual fund
2. Multicap type mutual fund
3. Balanced advantage type mutual fund
4. Multi asset allocation type mutual fund
You may allocate 25% of your investible amount to each of these fund types.
You may select any fund from the top quartile in the respective categories or consult an MFD.
If your horizon is long-term then you shouldn't worry about these notional losses or drop in returns. In-fact you should do lumpsum during such market fall to accumulate more units at lesser NAV.
24 K invested thru monthly sip may yield you a sum of 1 Cr in 15 years.
Happy Investing;
(more)
You just need 4 funds in your portfolio:
1. Flexicap type mutual fund
2. Multicap type mutual fund
3. Balanced advantage type mutual fund
4. Multi asset allocation type mutual fund
You may allocate 25% of your investible amount to each of these fund types.
You may select any fund from the top quartile in the respective categories or consult an MFD.
If your horizon is long-term then you shouldn't worry about these notional losses or drop in returns. In-fact you should do lumpsum during such market fall to accumulate more units at lesser NAV.
24 K invested thru monthly sip may yield you a sum of 1 Cr in 15 years.
Happy Investing;
Answered on Apr 13, 2025
Asked by Anonymous - Apr 12, 2025Hindi
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Answered on Apr 12, 2025
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PPF vs Mutual Funds for Child's Education: An Investor's Dilemma
Ans: Hello;
Continue with your PPF investments as usual 1.5 L each FY.
You are invested in it already for 8-9 years so no point getting into its pro's and con's at this juncture.
It's a EEE social security product and has its own benefits.
Don't get swayed by any other market noise. Stay the course.
Best wishes;
(more)
Continue with your PPF investments as usual 1.5 L each FY.
You are invested in it already for 8-9 years so no point getting into its pro's and con's at this juncture.
It's a EEE social security product and has its own benefits.
Don't get swayed by any other market noise. Stay the course.
Best wishes;
Answered on Apr 12, 2025
Asked by Anonymous - Apr 12, 2025Hindi
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Answered on Apr 12, 2025
Asked by Anonymous - Feb 09, 2025Hindi
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Answered on Apr 12, 2025
Asked by Anonymous - Apr 04, 2025Hindi
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NPS vs UPS: Which is Better for a Central Govt. Employee with 10 Years Left?
Ans: Hello;
The main plus point of UPS is guaranteed benefit i.e. 50% of last drawn salary as pension.
And this pension has Dearness allowance component so your retirement income is pegged to inflation.
However you will need to carefully assess the pro's and con's of each system and take a call. My advice will be for UPS.
Best wishes;
(more)
The main plus point of UPS is guaranteed benefit i.e. 50% of last drawn salary as pension.
And this pension has Dearness allowance component so your retirement income is pegged to inflation.
However you will need to carefully assess the pro's and con's of each system and take a call. My advice will be for UPS.
Best wishes;
Answered on Apr 12, 2025
Asked by Anonymous - Apr 11, 2025Hindi
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Answered on Apr 12, 2025
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65-Year-Old Seeking Investment Advice for 1 Lakh Survival Fund
Ans: Hello;
At your age first preference to generate monthly income of 1 L should be:
1. Joint annuity for life with return of purchase price to your nominee.
(~ 2 Cr+)
2. Investment in SCSS, POMIS, bank FDs(big PSU bank)
3. Monthly rental from residential/commercial property.
4. If you exhausted all these options and still have investible surplus then you may invest in conservative hybrid debt type mutual funds for 2 years and then do SWP for monthly income with LTCG benefit.( ~ 4 Cr+ needed to generate 1 L monthly income post tax @ 3% SWP).
Best wishes;
(more)
At your age first preference to generate monthly income of 1 L should be:
1. Joint annuity for life with return of purchase price to your nominee.
(~ 2 Cr+)
2. Investment in SCSS, POMIS, bank FDs(big PSU bank)
3. Monthly rental from residential/commercial property.
4. If you exhausted all these options and still have investible surplus then you may invest in conservative hybrid debt type mutual funds for 2 years and then do SWP for monthly income with LTCG benefit.( ~ 4 Cr+ needed to generate 1 L monthly income post tax @ 3% SWP).
Best wishes;
Answered on Apr 12, 2025
Asked by Anonymous - Mar 22, 2025Hindi
Listen Withdrawing PF and Pension: Should I do it?
Ans: Hello;
You mau fill form-19 and submit it to EPFO for withdrawal of PF.(Online or in person)
EPS withdrawal is not allowed after completing 10 years of non- interrupted service and contribution.
You may opt for reduced pension after completing 50 or regular pension after completing 58.
Best wishes;
(more)
You mau fill form-19 and submit it to EPFO for withdrawal of PF.(Online or in person)
EPS withdrawal is not allowed after completing 10 years of non- interrupted service and contribution.
You may opt for reduced pension after completing 50 or regular pension after completing 58.
Best wishes;
Answered on Apr 08, 2025
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Answered on Apr 08, 2025
Asked by Anonymous - Apr 07, 2025Hindi
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Answered on Apr 08, 2025
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Answered on Apr 08, 2025
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Am 57, Retiring in 2026. How Much Do I Need to Survive Until 90?
Ans: Hello;
You will need a corpus of 2 Cr which if you invest in a conservative hybrid debt fund and do a SWP at 3.5% you may expect a post tax monthly income of 50 K+ .
The average inflation is assumed at 6% and fund return on average at 8%. It may provide you inflation adjusted returns upto life expectancy of 90.
Keep around 20 L for emergencies.
Also ensure adequate healthcare insurance for yourself and your family.
Best wishes;
(more)
You will need a corpus of 2 Cr which if you invest in a conservative hybrid debt fund and do a SWP at 3.5% you may expect a post tax monthly income of 50 K+ .
The average inflation is assumed at 6% and fund return on average at 8%. It may provide you inflation adjusted returns upto life expectancy of 90.
Keep around 20 L for emergencies.
Also ensure adequate healthcare insurance for yourself and your family.
Best wishes;
Answered on Apr 04, 2025
Asked by Anonymous - Apr 03, 2025Hindi
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Should I Worry About Currency Fluctuations? Anxious Investor Seeks Advice
Ans: Hello;
The "exchange rate volatility" from Indian perspective is relatively sharp downfall of the Rupee against the USD in short span of time. There are moments of temporary bounce back but overall direction is downwards.
India imports more then 87% of its crude oil requirement which is priced in USD so our cost of oil imports rise leading to rise in petrol(even if crude oil price is stable, if it rises too then it's a double whammy for us), diesel and gas price hikes.
This fires up inflation for every product and service due to cascading price hikes.
Therefore being frugal in your discretionary expenses becomes important.
Given below are some of the investment options to deal with such events:
1. Exposure to International equity
2. Use of currency derivatives to hedge forex volatility risk.(Mainly used by corporates who have dollar denominated liabilities)
3. Investment in stocks(Indian) that benefit from Rupee downfall. (eg. IT Cos.)
4. Investment in Gold (ETFs/MFs)
5. Use of multi currency account to retain your USD holdings
Best wishes;
(more)
The "exchange rate volatility" from Indian perspective is relatively sharp downfall of the Rupee against the USD in short span of time. There are moments of temporary bounce back but overall direction is downwards.
India imports more then 87% of its crude oil requirement which is priced in USD so our cost of oil imports rise leading to rise in petrol(even if crude oil price is stable, if it rises too then it's a double whammy for us), diesel and gas price hikes.
This fires up inflation for every product and service due to cascading price hikes.
Therefore being frugal in your discretionary expenses becomes important.
Given below are some of the investment options to deal with such events:
1. Exposure to International equity
2. Use of currency derivatives to hedge forex volatility risk.(Mainly used by corporates who have dollar denominated liabilities)
3. Investment in stocks(Indian) that benefit from Rupee downfall. (eg. IT Cos.)
4. Investment in Gold (ETFs/MFs)
5. Use of multi currency account to retain your USD holdings
Best wishes;
1
Answered on Apr 04, 2025
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How can I check and consolidate my PF accounts from different employers?
Ans: Hello;
If you have an active UAN then you can easily link your previous pf accounts to your UAN by following simple process given on EPFO portal.
You need to access the EPFO portal, navigate to "One Member - One EPF Account (Transfer Request)," verify your details, and initiate the transfer request, ensuring you have your old and current employer's details available.
Best wishes;
(more)
If you have an active UAN then you can easily link your previous pf accounts to your UAN by following simple process given on EPFO portal.
You need to access the EPFO portal, navigate to "One Member - One EPF Account (Transfer Request)," verify your details, and initiate the transfer request, ensuring you have your old and current employer's details available.
Best wishes;
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