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Sushil

Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on Oct 28, 2023

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Anand Question by Anand on Oct 26, 2023Hindi
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My son is in 3rd AI Engg. If he wants to pursue higher education , what will be the best option outside India, with loan options.

Ans: Hello Anand,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son is currently in the 3rd year of his Bachelor's degree in Artificial Intelligence Engineering. To answer your question first, I would like to tell you that if your son intends pursuing higher education overseas, he could consider studying at any of the below mentioned countries:

In the UK, your son could consider applying to the University of Cambridge, University College London, University of Oxford, and Imperial College London, regarded for their programs related to AI. The University of Melbourne, University of Sydney, and Australian National University in Australia are also known for robust Machine Learning and Artificial Intelligence courses. In the USA, Stanford University, Carnegie Mellon University, Massachusetts Institute of Technology (MIT), and UC Berkeley, are renowned for offering robust programs in Artificial Intelligence and Computer Science. Applying to the University of British Columbia, University of Toronto, and McGill University in Canada known for their outstanding Artificial Intelligence and Machine Learning programs could also be considered by your son. The Artificial Intelligence and Machine Learning programs at Nanyang Technological University (NTU), and National University of Singapore (NUS) in Singapore could also be factored in by your son. Additionally, your son could consider applying to universities in Netherlands viz., University of Amsterdam, Eindhoven University of Technology, and Delft University of Technology that are known for offering Artificial Intelligence programs in the English language. Top-notch German universities like University of Heidelberg, Technical University of Munich, and University of Stuttgart, also offer programs related to Artificial Intelligence that could be opted for by your son. Moreover, your son could also consider applying to universities in Sweden, Switzerland, and France.

When deciding on the finest choice for your son to pursue his higher education overseas, I would recommend that you take into account the cost, his hobbies, as well as his professional objectives. Additionally, investigate the prerequisites for admission as well as the application deadlines pertaining to each individual country and university of your choosing.

Regarding your query about loan options, I would suggest that you contact us and our team of expert counselors will be more than willing to provide you with further guidance. Thank you!

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on Dec 19, 2023

Asked by Anonymous - Dec 18, 2023Hindi
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My son is in 10th now, what are his options for studying abroad?
Ans: Hello,

To begin with, thank you for contacting us. I am glad to hear that your son is currently studying in the 10th grade. To answer your question first, I would like to tell you that studying overseas will offer your son access to a world of endless opportunities. Although certain programs are designed keeping secondary school students in mind, you would be glad to know that summer programs or pre-college programs designed specifically for younger students, in turn, offering them exposure to a variety of academic disciplines, cultural backgrounds, as well as various events in life, are offered by a number of colleges and institutions. I would recommend that your son looks into the language immersion classes, summer study programs, as well as the exchange programs that these academic institutions and universities have to offer. Not just that, remember that he can plan beforehand and also make sure that he adheres to the requirements for any programs he might be interested in taking up after he completes high school by conducting a study on the prerequisites for securing admission to foreign universities as soon as possible. Moreover, for students’ his age, aspiring to pursue education overseas, getting in touch with academic advisors or guidance counselors can also prove beneficial as they will be able to offer useful information pertaining to the myriad of possibilities available.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on Apr 18, 2024

Asked by Anonymous - Apr 18, 2024Hindi
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My son is 24 years ,bcom and acca affiliate working for 18 months, wants to higher studies ,which country and course will be good for him
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son has completed his BCom with ACCA and now wishes to pursue higher studies. To answer your question first, I would like to tell you that a number of variables viz., your son’s interests, the location of his choosing, his economic condition, as well as his professional objectives, play a key role in selecting the ideal country and course for his higher education. I would recommend that you take into account the following:

As an answer to your query pertaining to country, I would like to let you know that the UK, well-known for the robust accounting and finance programs it offers, provides a broad range of possibilities for further education, including prominent colleges and universities. Coming to Canada, the country is renowned for its top-tier educational system and friendly atmosphere for overseas students. It is home to a number of universities offering reputed business and accounting programs. Numerous elite universities offering outstanding business and finance programs are located in the USA, providing a myriad of opportunities for international students. For overseas students looking to pursue degrees in accounting and finance, Australia is another sought-after study abroad destination. The country has a robust economy as well as an outstanding educational system.

Concerning your query as to which course will be good for your son, I would like to let you know that he can choose among the courses mentioned below: He can choose to pursue a Master of Science (MSc) in Accounting and Finance: Concentrating on accounting and finance, a specialized master's degree can offer comprehensive knowledge and abilities that are pertinent to your son's professional objectives. Next, based on your son’s professional aspirations, he might choose to pursue professional qualifications viz., CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or ACCA (Association of Chartered Certified Accountants). Your son can also opt for a Master of Business Administration (MBA) degree. For students looking to further their financial and business professions, this is a preferred option. Specialized MBA programs in finance and accounting are offered by a number of universities.

I would suggest that your son conducts an extensive study on and takes into account variables viz., the program’s standing, accreditation, living expenses, post-graduation employment prospects, as well as the possibility of acquiring a work visa or immigration upon graduating. Moreover, in order to gain meaningful information and acquire guidance when making this crucial choice, I would recommend that your son gets in touch with educational counselors, employment consultants, as well as experts in the subject.

For more information, you can visit our website.

..Read more

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Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hi, I am 36 years old, married & have 1 child (3 year old). Me & wife have combined income from salary of 3.75 lakh post taxes. We are investing in following funds & have investment horizon of more than 15 years. Aditya BSL Pure Value - 2k DSP Value Fund - 4k HDFC Small Cap - 2K Kotak business cycle - 5k Kotak Emerging Equity fund - 2K Motilal Oswal large and Midcap - 10k Bandhan Core Equity - 2k Baroda BNP India Consumption - 3k Franklin India Prima - 4k HDFC Mid Cap Opportunity - 2k HSBC Small Cap - 5k Nippon India Flexi Cap - 7.5 SBI small cap - 4k White Oak capital Large and Mid - 7.5k ICICI prudential India opportunity -10k NPS - 15K Equity Market - 25K SGB - 15K LIC -10K. I'm looking for the same investment till next 15 years. Definitely will increase the MF amount every year. I'm looking for at least 20+ Cr corpus at the age of 55. Please guide me with the existing investment. Total Liability like Home Loan and Top up loan EMI is 42K. I want to make same EMI for Loan and future surplus amount to be invest in equity market with low risk as I'm moving towards early 40s.
Ans: Based on your investment portfolio and financial goals, let's evaluate your current strategy. You've made a commendable effort in diversifying your investments across various mutual funds and other instruments, aiming for a substantial corpus in the next 15 years. Your commitment to increasing your mutual fund investments annually is a wise move, considering the potential for wealth accumulation over time.

However, let's delve into a few considerations. While your investment horizon is long-term, it's prudent to periodically review your portfolio's performance and adjust it according to changing market conditions and your evolving financial situation. With increasing age and responsibilities, it's natural to prioritize stability and lower risk in your investments.

You've mentioned a desire to maintain your current loan EMIs while directing surplus funds towards equity markets with lower risk. This approach aligns with a conservative yet growth-oriented investment strategy, balancing the need for stability with wealth creation potential. As you move towards your early 40s, this cautious approach can provide a cushion against market volatility while still capturing growth opportunities.

While your current portfolio includes a diverse mix of actively managed mutual funds, it's important to acknowledge the disadvantages of solely relying on actively managed funds. These can include higher expense ratios and the possibility of underperformance compared to benchmark indices. However, the benefits of active management, such as the potential for outperformance and flexibility in portfolio construction, justify their inclusion in your investment strategy.

In conclusion, your commitment to long-term wealth creation is admirable. By maintaining a disciplined approach to investing, periodically reviewing your portfolio, and balancing risk and growth opportunities, you're on track to achieve your financial goals.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hi sir, greetings. Am 46 years old and have recently got a lumpsum amount of around 15 lakhs and want to invest them with a time horizon of around 15+ years. Please suggest me a portfolio for the same. In case if you suggest me to invest the amount in a split manner in the next 1-2 year duration, is it ok to leave the amount in the Savings account (have an option to get 7% per annum in one of the private sector banks) or any other suggestion in this regard please ?
Ans: Congratulations on receiving a lump sum of 15 lakhs! It's an opportunity to strengthen your financial position and work towards your long-term goals.

Considering your time horizon of 15+ years, you have the advantage of investing for the long term, allowing your investments to potentially grow significantly over time.

As a Certified Financial Planner, I would recommend a diversified portfolio that balances growth potential with risk management. This could include a mix of equity, debt, and other asset classes to spread risk and capture growth opportunities.

Leaving the entire amount in a savings account, even with a 7% interest rate, may not be the most prudent choice for long-term wealth accumulation. While it provides safety and liquidity, the returns may not outpace inflation, resulting in a loss of purchasing power over time.

Instead, consider investing the lump sum gradually over the next 1-2 years to benefit from cost averaging and reduce the impact of market volatility. You could divide the amount into smaller portions and invest them systematically at regular intervals.

For the portion not immediately invested, a high-yield savings account or a short-term debt fund could be considered to earn a better return than a traditional savings account while maintaining liquidity.

Remember, investing involves risk, and it's crucial to align your investment strategy with your risk tolerance and financial goals. Regular reviews with your Certified Financial Planner can help ensure your portfolio remains on track to meet your objectives.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hi this is Barath(37 yrs age-high risk appetite investor),My portfolio worth is around 4cr ,this includes 2.5cr in ppfs flexi+1.5cr in motilal micro 250 index. I have requirement for son's education after 7yrs from now(amount req 1cr) and daughter education 12 yrs from now (around2 cr).I wish to retire at my age of 45 yrs.I am also doing an sip of 5 lacks a month in both above funs 3 lacks and 2 lacks respectively.I wish to have retirement withdrawal of 2.5lacks monthly via SWP with an increase of 8%in withdrawal rate.Pls suggest how am I placed
Ans: Hello Barath,

You've crafted a robust portfolio, and your proactive approach to investing is commendable. With a high-risk appetite and a sizable investment worth 4 crores, you're laying a strong foundation for your financial future.

Your investment allocation, with 2.5 crores in PPFS Flexi and 1.5 crores in Motilal Micro 250 Index, reflects a balanced strategy. However, it's important to regularly review and adjust your portfolio to align with your evolving goals and risk tolerance.

Your foresight regarding your children's education expenses, with a requirement of 1 crore in 7 years for your son and 2 crores in 12 years for your daughter, demonstrates prudent planning. Your SIP of 5 lakhs per month split between the two funds ensures disciplined saving and investment.

Planning for early retirement at 45 is ambitious yet achievable with careful financial planning. Your target retirement withdrawal of 2.5 lakhs monthly via SWP, with an annual increase of 8%, indicates a thoughtful approach to sustaining your lifestyle post-retirement.

While index funds have gained popularity for their low fees and passive management, it's essential to consider the limitations they pose, such as lack of flexibility and potential underperformance during market downturns. Actively managed funds, on the other hand, offer the expertise of fund managers to navigate market fluctuations and capitalize on opportunities, potentially yielding higher returns over the long term.

Opting for regular funds investing through an MFD with CFP credential provides the added benefit of personalized advice and guidance tailored to your financial goals and risk profile, ensuring optimal portfolio management and decision-making.

Overall, your proactive stance towards financial planning and investment management sets a solid precedent for securing your financial future and achieving your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hello Dev, I am 32 years old and would like to start SIP for 5k per month to create retirement corpus of 1 crore. Also would like to generate 30 lacs in another 10 years for closing housing loan. Already have three MF SIP as below. Quant active fund 1000 Quant ELSS tax saver fund 500 ICICI prudential corporate bond fund 150 Kindly suggest in which MF should I invest further and also how much should I increase the SIP amount to achieve the above goals. Thank you.
Ans: It's great to see your proactive approach towards planning for your financial future. Your dedication to investing is commendable.
Starting an SIP with 5k per month is a wise decision to create a retirement corpus of 1 crore. Additionally, generating 30 lakhs in 10 years to close your housing loan is a smart goal.
Considering your existing SIPs in Quant Active Fund, Quant ELSS Tax Saver Fund, and ICICI Prudential Corporate Bond Fund, you have a good foundation. However, to diversify your portfolio and align it with your goals, you may want to consider the following suggestions:
1. Equity-oriented funds with higher growth potential can help you achieve your long-term goals. Look into diversified equity funds or multi-cap funds for exposure to various segments of the market.
2. Since your investment horizon is long-term, you can afford to take slightly higher risks for potentially higher returns. Adding more equity-oriented funds can help you achieve this.
3. To generate the required amount for your housing loan closure in 10 years, you may need to increase your SIP amounts gradually. Consider reviewing your financial situation periodically and increasing your SIP contributions accordingly.
4. As a Certified Financial Planner, I recommend staying disciplined with your investments and adhering to your financial plan. Regularly review your portfolio's performance and make adjustments as needed to stay on track towards your goals.
By diversifying your portfolio and gradually increasing your SIP amounts, you can work towards achieving your financial objectives effectively.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Mar 01, 2024Hindi
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Hello Sir I am 34yr old. Started investing from July 2023 1.6lacs monthly in 8 funds (20k each) I want to create a portfolio of 50crore in 20yrs My funds include 2 small cap funds, 3 mid cap, 1 flexi cap and 2 large n mid cap funds How can I achieve my target. I am looking for 18-20% xirr on my investment
Ans: Congratulations on taking proactive steps towards securing your financial future. Your commitment to investing is commendable.

Creating a portfolio with the goal of reaching 50 crores in 20 years requires careful planning and strategy.

With a monthly investment of 1.6 lakhs distributed across various funds, you've already laid a solid foundation. However, achieving an XIRR of 18-20% may require a slightly more aggressive approach.

Given your portfolio composition of small-cap, mid-cap, flexi-cap, and large and mid-cap funds, you seem to have a diversified mix with exposure to different segments of the market.

To increase the potential for higher returns, you might consider slightly increasing your allocation to small and mid-cap funds, given their historically higher growth potential over the long term.

As a Certified Financial Planner, I advise against relying solely on direct funds. Opting for regular funds through a Certified Financial Planner can provide you with valuable insights and personalized guidance, ensuring your investments are aligned with your goals.

While index funds have their advantages, such as lower expense ratios, they lack the potential for outperformance that actively managed funds offer, especially in dynamic market conditions.

Regularly reviewing your portfolio's performance and making adjustments as needed is crucial to staying on track towards your goal. Additionally, maintaining a long-term perspective and avoiding reactionary decisions during market fluctuations is key.

Keep up the disciplined approach to investing, and with time and patience, you can certainly achieve your target of 50 crores.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 28, 2024Hindi
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Hi Dev, I am 29 years old and have a monthly income of 20K. I am already investing in MF and want to achieve a corpus fund of 5 crores by the age of 50 for my retirement. Please advise on how to invest
Ans: I understand your aspirations for a secure retirement and commend you for your proactive approach to financial planning. It's wonderful to see your commitment to securing a comfortable future for yourself.

With a monthly income of 20K, you're off to a good start. To achieve a corpus fund of 5 crores by the age of 50, it's essential to strategize your investments wisely.

Diversification is key to mitigating risks and maximizing returns. While you're already investing in mutual funds, it's prudent to explore other avenues like equities, debt instruments, and perhaps even alternative investments.

Considering your age and risk appetite, a balanced portfolio with a mix of equity and debt instruments would be suitable. Equity investments offer the potential for higher returns over the long term, while debt instruments provide stability and steady income.

As a Certified Financial Planner, I recommend actively managed funds over index funds. Actively managed funds have the advantage of professional fund managers who actively select investments, aiming to outperform the market.

Avoiding direct funds and opting for regular funds through a Certified Financial Planner can provide you with personalized guidance and ongoing support, ensuring your investments align with your financial goals.

Remember to review and adjust your portfolio periodically to accommodate changes in your life circumstances and market conditions. And most importantly, stay disciplined and patient, as wealth accumulation is a gradual process.

Keep up the excellent work, and you'll be well on your way to achieving your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hello Sir, I'm 35 years old and my monthly income is 30000. I'm married. My monthly expenses is around 23-26000. I want to make atleast 50lakhs by the time I reach 55. Kindly suggest which mutual fund I should go for?
Ans: It's commendable that you're planning for your financial future. Achieving a corpus of 50 lakhs by the time you reach 55 is a realistic goal with proper planning and disciplined investing. Given your income and expenses, investing in mutual funds can be an effective way to grow your wealth over the long term. Here's a suggested approach:
1. Start with SIPs: Since you have a monthly surplus after expenses, consider starting Systematic Investment Plans (SIPs) in mutual funds. SIPs allow you to invest a fixed amount regularly, enabling you to benefit from rupee cost averaging and the power of compounding.
2. Choose Equity Mutual Funds: Given your long-term investment horizon of 20 years, you can afford to invest predominantly in equity mutual funds, which have the potential to deliver higher returns over the long term compared to debt funds.
3. Diversify Your Portfolio: Opt for a diversified portfolio of equity mutual funds across different categories, such as large-cap, mid-cap, and multi-cap funds. Diversification helps spread risk and optimize returns. Choose funds with a proven track record of consistent performance and experienced fund managers.
4. Consider ELSS Funds: Equity Linked Savings Schemes (ELSS) offer the dual benefit of potential returns and tax savings under Section 80C of the Income Tax Act. Since you're aiming for long-term wealth creation, ELSS funds can be an excellent option to consider.
5. Regular Review: Monitor the performance of your mutual fund investments regularly and review your portfolio at least once a year. Make adjustments as needed based on changes in market conditions, fund performance, and your financial goals.
6. Seek Professional Advice: Consider consulting with a Certified Financial Planner who can provide personalized guidance tailored to your specific financial situation and goals. They can help you create a customized investment plan and navigate the mutual fund landscape effectively.
Remember, investing requires patience, discipline, and a long-term perspective. Stay focused on your goal of building a corpus of 50 lakhs by the time you reach 55, and with consistent investing and prudent decision-making, you can work towards achieving financial security and independence.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 28, 2024Hindi
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Hi ..I am 34 year old married..my monthly income is 80k now as I am in government service. I have invested already 2lakh in equity fund and sip of 2k in canara robocop bluechip MF..how to have a capital of atleast 5 CR when I will b 50
Ans: It's great that you're thinking about your financial future at such a young age. Building a corpus of 5 Crores by the time you turn 50 is an ambitious but achievable goal with careful planning and disciplined investing. Here's a plan to help you reach your target:

Increase Investment Amount: Since you're already investing in equity funds and SIPs, consider increasing your investment amount gradually as your income grows. Aim to maximize your contributions towards long-term wealth creation.
Diversify Your Portfolio: While equity funds offer the potential for high returns, diversifying your portfolio across different asset classes can help manage risk. Consider allocating a portion of your investments to debt funds, real estate, and other avenues based on your risk tolerance and financial goals.
Review and Rebalance: Regularly review your investment portfolio and rebalance it as needed to ensure it remains aligned with your financial objectives. Monitor the performance of your funds and make adjustments based on market conditions and changes in your personal circumstances.
Explore Other Investment Opportunities: Look for additional avenues to grow your wealth, such as investing in tax-saving instruments like ELSS funds, PPF, or NPS. These options offer tax benefits along with the potential for long-term capital appreciation.
Seek Professional Guidance: Consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your specific financial situation and goals. They can help you create a comprehensive financial plan and guide you towards achieving your target of 5 Crores by the age of 50.
Remember, achieving your financial goals requires discipline, patience, and a long-term perspective. Stay focused on your objectives, and with the right investment strategy, you can work towards building a substantial corpus for your future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 26, 2024Hindi
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Hello Sunilji My age is 49 and my net monthly pay is 1.6 lakhs. I need to build corpus of 50 lakhs in next years. Also have 10 lakhs cash in hand, kindly suggest any investment plan like sip or mutual funds to build my corpus.
Ans: I commend your goal of building a corpus of 50 lakhs within the next year. It's a challenging but achievable target given your financial situation. Here's a plan to help you reach your goal:

Firstly, let's leverage your existing cash in hand of 10 lakhs. This amount can serve as the foundation for your investment journey.

Next, considering your monthly income of 1.6 lakhs, we can allocate a portion towards systematic investment plans (SIPs) in mutual funds.

SIPs offer the advantage of disciplined investing, allowing you to invest a fixed amount regularly over time, regardless of market fluctuations.

Given your investment horizon of one year, it's crucial to focus on relatively low-risk options to preserve capital while aiming for reasonable returns.

Avoiding direct equity or high-risk investments would be prudent, as they may subject your capital to significant market volatility and potential losses.

Instead, consider investing in debt mutual funds or balanced funds, which offer a balance of safety and potential for growth.

While actively managed funds may have slightly higher expense ratios compared to index funds, they offer the advantage of professional fund management and potential outperformance in volatile markets.

Regularly review your investment portfolio and make adjustments as needed to stay on track towards your goal.

Remember, consistency and patience are key to achieving your financial objectives. Stay committed to your investment plan, and you'll be closer to building the corpus you desire.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 23, 2024Hindi
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Iam 23.I want to invest in mutual funds for next 30 years. How much money would I need by retirement at that time.How much should I invest from now every month to achieve that goal?
Ans: Investing for retirement at a young age is a smart financial decision. Let's calculate how much money you would need by retirement and how much you should invest monthly to achieve that goal.

Determining Retirement Corpus:
Estimate your desired retirement corpus based on your expected expenses during retirement. Consider factors like inflation, lifestyle preferences, healthcare costs, and other financial obligations.
Assuming a moderate estimate of future expenses, let's say you aim for a retirement corpus of 5 Crores.
Calculating Monthly Investment:
Use a retirement calculator or financial planning software to determine the monthly investment required to reach your retirement corpus.
Assuming an annual return of 10% on your mutual fund investments (which is a reasonable long-term average for equity investments), we can calculate the monthly investment required.
With a 30-year investment horizon, the power of compounding will work in your favor. By starting early, you can invest smaller amounts monthly to achieve your goal.
For example, if you aim for a retirement corpus of 5 Crores and assuming a 10% annual return:
Using a financial calculator or formula, the monthly investment required would be approximately 22,000 INR.
Regular Review and Adjustments:
Periodically review your investment strategy and adjust your contributions based on changes in your financial situation, investment performance, and retirement goals.
As your income increases or expenses decrease over time, consider increasing your monthly investments to accelerate your progress towards your retirement goal.
By consistently investing in mutual funds over the next 30 years and staying committed to your long-term financial plan, you can work towards achieving a comfortable retirement.

Remember, while this calculation provides a rough estimate, individual circumstances may vary. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial goals and help you create a comprehensive retirement plan.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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