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Geeta Ratra |125 Answers |Ask -Follow

Visas, Study Abroad Expert - Answered on Mar 21, 2024

Geeta Ratra has been an immigration expert for more than two decades and has strong knowledge of international immigration policies and procedures. She is vice president, operations, at Abhinav Immigration Services. Besides visa and immigration services, they also provide study abroad advice that includes application assistance, counselling and university shortlisting.... more

Question by DR on Mar 09, 2024Hindi

Career

MY DAUGHTER IS DOING MD DERMATOLOGY 2ND YEAR. CAN YOU SUGGEST ANY FELLOWSHIP PROGRAMME OR SHORT DURATION TRAINING PROGRAMME ABROAD IN ANY SUBJECT OF DERMATOLOGY?

Ans: Certainly! For your daughter pursuing MD Dermatology, several fellowship programs abroad offer specialized training in various aspects of dermatology. Consider programs such as Cosmetic Dermatology, Dermatopathology, or Pediatric Dermatology. Institutions like Harvard Medical School, Johns Hopkins University, and Mayo Clinic offer prestigious fellowship opportunities. Researching program specifics, faculty expertise, and application requirements will aid in making an informed decision.

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Geeta Ratra |125 Answers |Ask -Follow

Visas, Study Abroad Expert - Answered on Nov 07, 2023

Question by Ravindra - Oct 03, 2023Hindi

Career

Dear Madam, My daughter is competing her MDS (masters in dental surgery from Bharti Vidyapith Pune Maharashtra) in 2025. I wish her to go US for future practice. What are the ways to go and what is the expenses involved in this. She is 26 years old. Pl guide.

Ans: It's wonderful that your daughter is pursuing her MDS. To practice dentistry in the US, she'll need to complete a series of exams and gain licensure. The expenses can vary, but typically include exam fees, application costs, and possibly additional coursework. I recommend researching specific requirements and costs for the state she plans to practice in, as they can vary. It's also advisable to consult with educational and licensing authorities for up-to-date information and guidance. Best wishes for her future endeavors!

Sushil Sukhwani |336 Answers |Ask -Follow

Study Abroad Expert - Answered on Oct 14, 2023

Question by Ravindra - Oct 13, 2023Hindi

Career

Good Morning Sir, My daughter is completing MDS as Orthodontist next year from Bharti Vidyapith Pune. Is it ok to send her abroad to make future prospectus ? what is your advice.. which country is better?, What is the cost involved? Can she be in India and get better future here ?

Ans: Hello Ravindra,

To begin with, thank you for contacting us. I am glad to hear that your daughter will be completing her Master’s of Dental Surgery as an Orthodontist the following year. Concerning your query as to whether she can remain in India itself and acquire a better future, I would like to tell you that we only deal with overseas education. Similarly, concerning your query as to whether it is okay to send your daughter abroad for better future prospects after she completes her degree, I would like to tell you that doing so can be a fantastic opportunity. Nevertheless, there are a number of aspects that need to be taken into account. First and foremost, your daughter will need to make sure that her qualifications are globally acknowledged. Moreover, she should ensure that these qualifications fulfill the prerequisites for licensing of the country she intends practicing in.

Several aspects viz., the living standards, language competency, preferences based on culture, as well as the job prospects play a key role in deciding which country is better. As asked by you, I would like to say that the UK, the USA, Australia, and Canada are some of the typical locations for one seeking a job in orthodontics.

The costs of living, tuition costs, as well as possible licensing and examination costs are associated costs included in pursuing a profession overseas that can be significant. I would recommend that on choosing the country for better future prospects, your daughter conducts a thorough study on particular costs as well as looks into various scholarships and possibilities for monetary assistance. Not just that, she should also check if she requires to undergo training or appear for certification exams to fulfill the requirements set by the country in order for her to be able to practice Orthodontics. The prerequisites for visa should also be taken into account by your daughter. Lastly, I would like to say that it can be an excellent decision to send your daughter overseas for better future possibilities. Nevertheless, to guarantee a smooth transition, a comprehensive study and meticulous planning is required.

For more information, you can visit our website.

Mayank Chandel |498 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Oct 20, 2023

Question by Tushar - Oct 17, 2023Hindi

Career

My daughter has completed her PG DNB in general surgery what are her prospects overseas and which country kindly guide us

Ans: Hello Tushar
Every country has its pros & cons. Below are the most sought countries and their requirements.

1. United States (US):
She can pursue further studies and training to get licensed in the US. This typically involves clearing the USMLE (United States Medical Licensing Examination) and completing a residency program.

2. United Kingdom (UK):
She can apply for the PLAB (Professional and Linguistic Assessments Board) test, which is the gateway for international medical graduates to practice medicine in the UK.
The UK offers various job opportunities in the National Health Service (NHS) and private healthcare sector.

3. Canada:
The Medical Council of Canada (MCC) evaluates international medical graduates. If her qualifications are accepted, she can apply for the Medical Council of Canada Evaluating Examination (MCCEE) and then pursue the national certification exams.
Canada has a demand for specialists, and opportunities exist in hospitals and clinics.

4. Australia and New Zealand:
She can apply for the Australian Medical Council (AMC) exams in Australia or the New Zealand Registration Examination (NZREX) in New Zealand.
Both countries have opportunities in public and private healthcare sectors.

5. Middle Eastern Countries:
Countries like UAE, Qatar, and Saudi Arabia often recruit international medical professionals. They usually require passing specific licensing exams and meeting other criteria.

6. European Union (EU) Countries:
Each country in the EU has its own requirements for recognizing foreign medical qualifications. Language proficiency tests and medical exams are often necessary.

Geeta Ratra |125 Answers |Ask -Follow

Visas, Study Abroad Expert - Answered on Jan 03, 2024

Question by Kushal - Nov 23, 2023Hindi

Career

My daughter ha done pharm d six years course how she can go abroad dor her fellowship.

Ans: To find scholarships for overseas study, explore reputable scholarship databases, university websites, and government programs in the desired country. Consider merit-based, need-based, and subject-specific scholarships. Consult with school counselors, utilize online platforms like Chevening or Fulbright, and be thorough in meeting application deadlines. Research and apply to multiple opportunities to enhance the chances of securing financial aid for your son's education abroad.

Mayank Chandel |498 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on May 02, 2024

Question by Thamarai - Apr 29, 2024Hindi

Career

Sir, My daughter is studying 3rd year MBBS in Tirupur medical College.she wants to pursue pG medicine,MD,in foreign country.will u pl guide her

Ans: Hello Sir,
does your daughter want to come back to India after PG & practice here? Because medical education abroad is very costly. PG from abroad usually takes 4-6 years depending on the university. Approx 55-60 L will be the yearly fees for the same.

Latest Questions

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - May 07, 2024Hindi

Money

I am 31, investing approx 80k per month in SIP, with a current corpus of 50L. I also have 1.2Cr in foreign stocks which have been performing really well, 10L in Indian stock market and another 15L in PPF and NPS. I want to retire by the time I'm 45 with an expected earning of 1L per month. Any suggestions or ideas?

Ans: It's impressive to see your proactive approach towards financial planning at such a young age! Let's discuss some strategies to help you achieve your retirement goal of retiring by the age of 45 with an expected earning of 1 lakh per month:
1. Evaluate Current Portfolio:
• Your current portfolio comprises investments across various asset classes, including SIPs, foreign stocks, Indian stocks, PPF, and NPS. This diversified approach indicates a thoughtful investment strategy.
2. Assess Retirement Corpus:
• To retire comfortably by the age of 45 and generate a monthly income of 1 lakh, it's essential to estimate the corpus required to sustain your desired lifestyle. Consider factors such as inflation, expected rate of return on investments, and projected expenses during retirement.
3. Contribution towards SIPs:
• Your monthly SIP contributions of approximately 80,000 rupees demonstrate a commitment to saving and investing for the future. Continue this disciplined approach and consider increasing your SIP contributions over time to accelerate wealth accumulation.
4. Optimize Investment Allocation:
• Review the allocation of your investments across different asset classes to ensure they align with your risk tolerance and long-term goals. While foreign stocks and Indian stocks offer growth potential, ensure they're balanced with stable assets like PPF and NPS to mitigate risk.
5. Explore Income-Generating Assets:
• Consider diversifying your investment portfolio with income-generating assets such as rental properties, dividend-paying stocks, or bonds. These assets can provide a steady stream of income during retirement, complementing your investment returns.
6. Retirement Planning with Tax Efficiency:
• Optimize your retirement savings by leveraging tax-efficient investment options like NPS and PPF. Both instruments offer tax benefits on contributions and tax-free returns, making them attractive vehicles for long-term wealth accumulation.
7. Regular Portfolio Review:
• Periodically review your investment portfolio to track performance, assess market conditions, and make necessary adjustments. As you approach retirement age, consider shifting towards more conservative investment options to preserve capital and generate stable income streams.
8. Professional Guidance:
• Consider consulting with a Certified Financial Planner (CFP) who can provide personalized advice tailored to your financial goals and risk profile. A CFP can help you develop a comprehensive retirement plan, optimize your investment strategy, and navigate any challenges along the way.
In summary, achieving your retirement goal of retiring by the age of 45 with an expected earning of 1 lakh per month requires careful planning, disciplined saving, and prudent investing. By continuing your proactive approach, diversifying your portfolio, and seeking professional guidance, you can enhance your chances of realizing your financial aspirations with confidence.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - May 07, 2024Hindi

Money

Hello Sir, I am 53 years old and started with Investment plans. Currently, my investment breakup is MF: 10K, Equity: 10K, Bank FD: 15K, NPS: 10K, VPF: 10K, PPF: 5K. Will this lead to my goal of 1 CR by retirement at 60Y. Or should I change? Please guide.

Ans: You've taken a proactive step towards securing your financial future by initiating various investment avenues. Let's delve into your current strategy and explore potential adjustments to help you achieve your goal of accumulating 1 crore by retirement at 60 years:
Current Investment Breakdown:
• Mutual Funds (MF), Equity, Bank Fixed Deposit (FD), National Pension System (NPS), Voluntary Provident Fund (VPF), and Public Provident Fund (PPF).
• Your diversified approach reflects a blend of equity, debt, and retirement-focused instruments, showcasing a balanced investment strategy.
Assessment and Recommendations:
1. Goal Alignment: It's commendable that you've set a clear financial goal of accumulating 1 crore by retirement. To evaluate your progress towards this target, consider using a retirement calculator or consulting with a Certified Financial Planner (CFP). They can provide insights into whether your current investment contributions align with your desired corpus.
2. Asset Allocation: Assess your asset allocation across different investment categories to ensure it aligns with your risk tolerance and time horizon. While equity investments and higher-risk instruments like MF and Equity have the potential for significant growth, they also entail volatility. Consider rebalancing your portfolio periodically to maintain an optimal mix of growth and stability.
3. Diversification: Review the diversification within each asset class to mitigate risk and enhance returns. Ensure your MF and Equity investments are spread across different sectors and market caps to minimize concentration risk. Additionally, consider diversifying your debt portfolio beyond traditional instruments like FD, NPS, VPF, and PPF to explore avenues offering potentially higher returns.
4. Regular Review and Adjustments: Periodically review your investment portfolio to track performance, assess market conditions, and make necessary adjustments. As you approach retirement, consider shifting towards more conservative investment options to safeguard your capital and generate stable income streams.
5. Professional Guidance: Consider consulting with a Certified Financial Planner (CFP) to receive personalized advice tailored to your financial goals and risk profile. A CFP can help you optimize your investment strategy, identify areas for improvement, and navigate any challenges or uncertainties along the way.
In summary, while your current investment approach demonstrates a solid foundation, periodic reassessment and adjustments may be necessary to ensure you're on track to achieve your retirement goal of 1 crore. By staying proactive, diversifying prudently, and seeking professional guidance, you can enhance your chances of reaching your financial milestones with confidence.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Question by Loknath - May 07, 2024Hindi

Money

Hi Sir, I have stopped EPF contributions wef Sept 23 due to end of my regular job at age of 57. Do I need to withdraw exactly as soon as I complete 58? Or I can park the money in EPFO to earn interest and withdraw when I require later? Do I need to

Ans: You're making prudent considerations regarding your EPF contributions. Let's discuss your options:
Withdrawal Timing:
• You have the flexibility to withdraw your EPF balance after the age of 58, as per EPFO regulations. There's no mandatory requirement to withdraw immediately upon turning 58. You can choose to keep the funds parked in your EPF account to continue earning interest until you require them.
Interest Earnings:
• By leaving your EPF balance untouched, you can benefit from accruing interest on your savings. EPF offers competitive interest rates, providing an opportunity for your funds to grow over time. This approach can be particularly advantageous if you don't have an immediate need for the funds and wish to capitalize on their earning potential.
Withdrawal Considerations:
• While you have the option to retain your EPF balance and withdraw it at a later date, it's essential to evaluate your financial goals and liquidity needs. Consider factors such as your retirement plans, anticipated expenses, and other sources of income. If you foresee a need for funds in the near future, withdrawing from your EPF account may be a viable option.
Financial Planning:
• As you navigate this decision, consider consulting with a Certified Financial Planner (CFP) who can provide personalized guidance based on your specific financial situation and goals. A CFP can help you assess the pros and cons of retaining your EPF balance versus withdrawing it, taking into account factors such as taxation, inflation, and investment alternatives.
In summary, you have the flexibility to decide when to withdraw your EPF balance after the age of 58. While retaining the funds in your EPF account allows you to continue earning interest, it's essential to weigh this option against your financial needs and objectives. By carefully evaluating your circumstances and seeking professional advice, you can make an informed decision that aligns with your long-term financial well-being.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Question by DEBRAJ - May 07, 2024Hindi

Money

I am 24 Years Old. Working in Cybersecurity Domain in a Renowned Organization. I am Investing in Mutual Funds through SIP since Last 4-5 Months. Here is my Breakup. I am Investing 50k in SIP. ( 15k Parag Parikh Flexicap + 15k Quant Mid Cap Direct + 13k Aditya Birla PSU Direct Growth + 7k UTI Nifty 50 Index) . I want to know am going right way in terms of investment or should I change the funds or follow some other processes. My Goal is to Gather some corpus to buy a property shortly around in budget (30-40lac,) and after that I will save for future investments. Can You guide me with some better advice.

Ans: It's fantastic to see your proactive approach towards investing at such a young age! Let's dive into your investment strategy and explore some recommendations:
Investment Breakdown:
• You're investing 50,000 rupees per month through SIPs, with allocations across different mutual funds.
• Your current portfolio consists of Parag Parikh Flexicap, Quant Mid Cap, Aditya Birla PSU, and UTI Nifty 50 Index funds.
Amidst your journey, you're undoubtedly making commendable strides towards securing your financial future. However, let's explore some aspects to ensure you're on the right track:
Diversification:
• Diversification is key to mitigating risk and maximizing returns. Your current portfolio seems well-diversified across different market segments, including flexicap, mid-cap, PSU, and index funds. This approach offers exposure to various sectors and can potentially enhance long-term growth prospects.
Active vs. Passive Investing:
• You've chosen actively managed funds, which offer the benefit of professional fund management and the potential for outperformance. While index funds like UTI Nifty 50 Index provide low-cost exposure to market indices, they may lack the potential for alpha generation compared to actively managed funds. Active management allows fund managers to capitalize on market opportunities and adapt to changing market conditions, potentially leading to superior returns over time.
Future Goals:
• Your goal of accumulating a corpus to purchase property aligns with your long-term financial objectives. As you progress towards this milestone, continue to prioritize disciplined saving and prudent investment decisions. Consider revisiting your asset allocation and investment strategy periodically to ensure they remain aligned with your evolving goals and risk tolerance.
Recommendations:
• Given your goal of purchasing property in the near future, maintaining a balanced approach to investing is essential. Consider continuing with your current SIP allocations, as they offer diversification and potential for growth. However, if you're considering adjustments, consult with a Certified Financial Planner (CFP) who can provide personalized guidance tailored to your specific financial situation and goals.
• When it comes to purchasing property, start researching potential locations, property types, and financing options. Additionally, continue saving diligently towards your down payment and associated expenses to achieve your homeownership goal.
Remember, investing is a journey, and it's essential to stay focused on your objectives while adapting to changing circumstances. With your proactive mindset and commitment to financial growth, you're well-positioned to achieve your aspirations. Keep up the excellent work, and don't hesitate to seek professional advice whenever needed. Your dedication to financial literacy and planning will undoubtedly pave the way for a brighter financial future!

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - May 08, 2024Hindi

Money

Hi, I am 41 year old with my wife and 3 kids. I have already invested 390000 in various mfs and currently sip of 15,000 pm. Also I am investing 50000 per year in NPS from past 3 years I want to retire at age of 52 year. My current expense is 50,000 pm. How do I get 70,000 after my retirement.Please advise. Thanks.

Ans: Planning for retirement requires careful consideration of various factors, including your current investments, future expenses, and desired retirement lifestyle. Let's explore some steps you can take to achieve your retirement goal of generating 70,000 rupees per month after retiring at the age of 52:

Assess Current Investments: Start by assessing your current investments, including the 3,90,000 rupees invested in various mutual funds (MFS) and the 15,000 rupees per month SIP. Evaluate the performance of your investments, their growth potential, and their suitability for achieving your retirement goal.
Review NPS Contributions: Review your contributions to the National Pension System (NPS), which can provide you with a pension income during retirement. Since you've been investing 50,000 rupees per year for the past three years, evaluate the expected corpus at retirement age and the potential pension income it can generate.
Calculate Retirement Corpus: Estimate the corpus needed to generate 70,000 rupees per month after retirement. Consider factors such as inflation, expected rate of return on investments, and life expectancy. Use retirement calculators or consult with a financial advisor to determine the required corpus.
Increase SIP Contributions: To accelerate your retirement savings, consider increasing your SIP contributions. Determine how much additional monthly SIP amount you can comfortably afford and adjust your investment strategy accordingly. Aim to maximize your savings while maintaining a diversified portfolio aligned with your risk tolerance and investment goals.
Explore Additional Income Sources: Apart from investments, explore other income sources that can supplement your retirement income. This may include rental income from properties, income from side businesses or freelancing, or any other passive income streams.
Optimize Expenses: Review your current expenses and identify areas where you can reduce unnecessary spending. By optimizing your expenses, you can free up more funds for retirement savings and increase your chances of achieving your financial goals.
Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) or financial advisor who can provide personalized guidance based on your specific financial situation and retirement goals. A professional can help you create a comprehensive retirement plan, optimize your investment strategy, and make informed decisions to secure your financial future.
By taking proactive steps to maximize your savings, optimize your investments, and plan for retirement, you can work towards achieving your goal of generating 70,000 rupees per month after retiring at the age of 52. Stay disciplined, stay focused on your objectives, and regularly review and adjust your financial plan as needed to stay on track towards a financially secure retirement.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - May 08, 2024Hindi

Money

I am 48 yrs ,i am doing 50000 SIP from this April 2022, last year increase with 25000 & from this april 150000 Sip my curent corpus aprox 25 lakh ,i wants retire at 60 n my requirement is 10 cr pls suggest should i add more or this amount will sufficient

Ans: Planning for retirement is a crucial financial goal, and it's commendable that you've started investing through SIPs to achieve it. Let's assess your current situation and determine if your investment corpus is sufficient to meet your retirement goal of 10 crores by the age of 60:
1. Current SIP Contributions: With a SIP contribution of 50,000 rupees per month since April 2022 and an increase to 75,000 rupees per month from April 2023 onwards, you've demonstrated a commitment to saving for retirement. These regular contributions, combined with the increase in SIP amounts over time, will help boost your investment corpus steadily.
2. Current Corpus: As of now, your approximate corpus stands at 25 lakhs. While this is a significant achievement, it's essential to consider whether this corpus, along with your ongoing SIP contributions, will be sufficient to reach your retirement goal of 10 crores by the age of 60.
3. Investment Growth Rate: The growth rate of your investments plays a crucial role in determining whether your corpus will grow sufficiently to meet your retirement target. While historical data suggests that equity investments have delivered average annual returns of around 12% to 15% over the long term, it's essential to be realistic and conservative in your growth rate assumptions.
4. Time Horizon: With a retirement age of 60, you have approximately 12 years left to accumulate your desired corpus. Considering the power of compounding over time, your ongoing SIP contributions have the potential to grow substantially by the time you reach retirement age.
Based on the information provided, it's challenging to determine definitively whether your current investment corpus and SIP contributions will be sufficient to achieve your retirement goal of 10 crores. However, here are some considerations:
• Evaluate Growth Rate: Review the historical performance of your investment portfolio and assess whether it has been in line with your growth rate expectations. If necessary, consider adjusting your asset allocation or investment strategy to potentially enhance returns while managing risk.
• Regular Review: Periodically review your investment portfolio, reassess your retirement goals, and make adjustments as needed. Consider consulting with a Certified Financial Planner (CFP) or financial advisor to conduct a comprehensive analysis of your financial situation and retirement plan.
• Additional Contributions: If you find that your current SIP contributions may not be sufficient to meet your retirement goal, consider increasing your SIP amounts further or exploring additional avenues for investment.
Ultimately, achieving your retirement goal of 10 crores requires careful planning, disciplined saving, and prudent investing. By staying focused on your objectives, regularly monitoring your progress, and seeking professional advice when needed, you can work towards securing a financially comfortable retirement.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - May 07, 2024Hindi

Money

I am 27, doing small cap SIP of Rs. 9000, Midcap SIP of Rs. 4000 and large cap SIP of Rs. 7000 per month, in how many years and how much corpus should I have so that I can earn 50,000 pm from SWP for rest.

Ans: o determine the corpus needed to generate 50,000 rupees per month through a Systematic Withdrawal Plan (SWP), we need to consider several factors, including the expected rate of return, inflation, and the withdrawal rate.

1. Expected Rate of Return: When investing in mutual funds, it's crucial to consider the potential rate of return on your investments. While historical data suggests that equity mutual funds have delivered average annual returns ranging from 10% to 15% over the long term, it's essential to acknowledge that past performance is not indicative of future results. Your expected rate of return may vary based on factors such as market conditions, fund performance, and asset allocation.
2. Inflation Rate: Inflation plays a significant role in eroding the purchasing power of money over time. Considering the average inflation rate in India, which has been around 5% to 6% per year over the past decade, is crucial when planning for future expenses. By accounting for inflation, you can ensure that your investment returns outpace the rising cost of living and maintain your standard of living over time.
3. Withdrawal Rate: The withdrawal rate represents the percentage of your investment corpus that you plan to withdraw annually to meet your income needs. In your case, aiming for a monthly income of 50,000 rupees through SWP translates to an annual withdrawal of 6,00,000 rupees. It's essential to carefully consider your withdrawal rate to ensure that your investment corpus can sustain your desired income level over the long term without depleting your savings prematurely.
Considering these factors, it's advisable to work with a Certified Financial Planner (CFP) or financial advisor to create a comprehensive financial plan tailored to your specific goals, risk tolerance, and investment horizon. A professional can help you determine an appropriate asset allocation strategy, select suitable mutual funds, and regularly monitor your portfolio to ensure that you stay on track towards achieving your financial objectives.
Additionally, maintaining a diversified portfolio across asset classes and regularly reviewing your investment strategy can help mitigate risk and enhance the likelihood of achieving your target income through SWP in the future. Remember that investing is a journey, and it's essential to stay informed, disciplined, and patient throughout the process.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Question by Rohit - Apr 14, 2024Hindi

Money

Hi sir, i want to start sip.. This will be my ist investment so what would your suggestion like on which categories should i invest or what should be my breakup.. I want to invest 5000 now then after few months 10k and around 2 year from now 22k...my target amount is 25 lacs within 5 yrs

Ans: Starting SIPs for your first investment is a great step towards building wealth over time. Since you have a target amount of 25 lakhs within a 5-year timeframe, it's essential to choose investment options that offer the potential for growth while managing risk. Here's a suggested approach for your SIP investment:
1. Diversified Equity Funds: Since your investment horizon is relatively short (5 years), it's crucial to focus on funds that offer growth potential while minimizing risk. Consider allocating a significant portion of your SIP towards diversified equity funds, which invest in a mix of large-cap, mid-cap, and small-cap stocks. These funds offer diversification across market segments and can potentially deliver higher returns over the long term. Aim to allocate around 60-70% of your SIP towards diversified equity funds.
2. Large Cap Funds: Large-cap funds invest in stocks of large, well-established companies with stable earnings and strong market presence. These funds offer stability and are relatively less volatile compared to mid-cap and small-cap funds. Consider allocating around 20-30% of your SIP towards large-cap funds to provide stability to your portfolio.
3. Mid Cap and Small Cap Funds (Optional): Mid-cap and small-cap funds have the potential to deliver higher returns but come with higher volatility. Given your relatively short investment horizon, consider allocating a smaller portion of your SIP (around 10-20%) towards mid-cap and small-cap funds, if you're comfortable with the higher risk associated with these segments.
4. Systematic Investment Plan (SIP) vs. Lump Sum: Since you're just starting, opting for SIPs can be a prudent approach, as they allow you to invest regularly over time and benefit from rupee cost averaging. As your investment horizon is relatively short, avoid making lump sum investments, as they may expose you to timing risk, especially considering market fluctuations.
5. Regular Review and Adjustment: Regularly review your investment portfolio and make adjustments as needed to ensure it remains aligned with your financial goals and risk tolerance. As your investment horizon progresses and your financial situation changes, consider consulting with a Certified Financial Planner (CFP) or financial advisor to reassess your investment strategy and make any necessary adjustments.
By following this approach and staying committed to your investment plan, you'll be well-positioned to achieve your target amount of 25 lakhs within a 5-year timeframe. Remember to stay disciplined, focus on the long term, and avoid making impulsive decisions based on short-term market fluctuations.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 14, 2024Hindi

Money

Hi everyone, I have just started investing in mutual funds, I'm 21 years old currently studying And recently I came to know of mutual fund and share market hence I asked my family to invest all the money in Their savings account should be invested in mutual funds as they give all lot more return on investment than savings account. And hence I have invested near about 2,00,000 rupees which is about 20% of my whole families non EMERGENCY savings. I have invested inInvesco India mid cap fund direct plan( Rs. 35000), axis small cap fund direct growth (35000) , sbi small cap fund(18000), parag Parekh flexi cap direct growth (16000), Quant small cap direct fund (10000), Motilal Oswal midcap fund Direct plan (15000), Quant ELSS Tax saver direct plan (10000), kotak small cap Direct plan (5000) , Kotak emerging equity direct plan (5000), Quant flexi cap direct plan (20000), Quant infrastructure fund direct plan (5000), Quant mid cap fund (5000), Nippon India Growth fund (5000), [ All of them are one time payments bought in March 2024 and nifty is at all time high at 22800], and currently I have gained all total profit of 7,000 from investment of 2,00,000 Sirs, my first question is, i fear that if Markets go down will my mutual fund value will also go down, And if I should continue investing any further in mutual funds for a PERIOD OF TIME and wait for markets to go down to invest further. Or should I continue investing. And my second question is that, is ONE TIME INVESTMENT better or SIP, AND FOR FURTHER INVESTMENT should I continue with my one time INVESTMENT of 50,000 to 60,000 for the remaining 80% OF the savings in the next 2-3 months or should I go for SIP and spread this for over a span of 1-2. Years

Ans: It's great to see your enthusiasm for investing in mutual funds at a young age! Let's address your concerns and questions:

Market Volatility: It's natural to be concerned about market fluctuations, especially when you're new to investing. Yes, mutual fund values can indeed fluctuate with market movements. However, it's essential to remember that investing in mutual funds is a long-term endeavor. Market downturns are a normal part of the investing cycle, and they often present buying opportunities for long-term investors. Trying to time the market by waiting for a downturn to invest further can be challenging and may not always yield the desired results. Instead, focus on staying invested for the long term and maintaining a diversified portfolio that aligns with your financial goals and risk tolerance.
One-Time Investment vs. SIP: Both one-time investments and SIPs have their advantages. One-time investments offer the benefit of investing a lump sum amount upfront, which can potentially lead to higher returns over the long term, especially during bull markets. On the other hand, SIPs allow you to invest regularly over time, which can help in rupee cost averaging and reduce the impact of market volatility. Since you're just starting, you may consider continuing with your one-time investments for now and gradually explore SIPs as you gain more experience and confidence in investing.
Future Investment Strategy: Whether you choose to continue with one-time investments or switch to SIPs for your future investments depends on your preferences, financial goals, and cash flow considerations. Since you've already made one-time investments, you may continue with this approach if it aligns with your investment strategy. Alternatively, if you prefer a more systematic and disciplined approach, you can start SIPs for your future investments. Consider spreading your investments over time to take advantage of rupee cost averaging and reduce the impact of market volatility.
Remember, investing is a journey, and it's essential to stay patient, disciplined, and focused on your long-term goals. Consider seeking advice from a Certified Financial Planner (CFP) or financial advisor who can provide personalized guidance based on your individual circumstances and help you navigate the complexities of the financial markets. Keep learning and stay committed to your investment plan, and you'll be well-positioned to achieve your financial aspirations over time.

Ramalingam Kalirajan |1601 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Question by Prasad - Apr 13, 2024Hindi

Money

Sir ! My colleague s are investing only in 3 funds like one Nippon index, Mahindra manulife mid cap & ICICI nasaq. Is this correct or not ? Plse share ur suggestion.

Ans: Investing in a simplified portfolio of three mutual funds can be an effective strategy for some investors, as it offers simplicity and ease of management. Let's evaluate the investment choices of your colleagues and provide some suggestions:
1. Nippon Index Fund: Index funds passively track a specific market index, such as the Nifty 50 or Sensex, and aim to replicate its performance. Investing in an index fund provides broad market exposure at a lower cost compared to actively managed funds. Nippon Index Fund could be a suitable choice for investors seeking diversified equity exposure with minimal management fees.
2. Mid Cap Fund (Mahindra Manulife Mid Cap): Mid-cap funds invest in stocks of mid-sized companies with the potential for growth. These funds offer higher growth potential compared to large-cap funds but come with higher volatility. Mahindra Manulife Mid Cap Fund focuses on mid-cap stocks and can be suitable for investors with a higher risk tolerance and a long-term investment horizon.
3. ICICI Nasdaq Fund: ICICI Nasdaq Fund invests in stocks listed on the Nasdaq Stock Market, providing exposure to leading technology and innovation-driven companies globally. Investing in a Nasdaq fund offers diversification and potential for growth, especially in sectors such as technology, healthcare, and consumer discretionary. This fund can complement a diversified equity portfolio and provide exposure to international markets.
Overall, your colleagues' investment choices seem to cover different market segments, including Indian equity (through the Nippon Index Fund and Mahindra Manulife Mid Cap Fund) and international equity (through the ICICI Nasdaq Fund). However, it's essential to consider factors such as investment goals, risk tolerance, and investment horizon when selecting mutual funds.
Here are a few suggestions to consider:
1. Diversification: While investing in three funds provides simplicity, consider diversifying across asset classes (such as equity, debt, and international equities) to spread risk and capture opportunities in different market environments.
2. Risk Management: Assess your risk tolerance and ensure that the chosen funds align with your risk profile. Mid-cap funds and international equity funds can be more volatile than large-cap or index funds, so consider your risk tolerance before investing.
3. Regular Review: Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Consider consulting with a Certified Financial Planner (CFP) or financial advisor for personalized guidance based on your specific financial situation and goals.
Ultimately, the appropriateness of the chosen funds depends on your colleagues' individual financial circumstances and investment objectives. Encourage them to assess their investment choices in the context of their financial goals and seek professional advice if needed.

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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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