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R P Yadav |304 Answers |Ask -Follow

HR, Workspace Expert - Answered on Mar 21, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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Asked by Anonymous - Mar 10, 2024Hindi

Career

Hi, My daughter has finished his BDS and MDS and worked for 8years as a dentist. Now due to some health concerns and family issues, she wants to work from home or do office job that pays her well and is relevant to medicine / science. What are her career prospects?

Ans: Hello! It’s great to hear about your daughter’s experience in dentistry. There are several career paths she could consider that align with her background in medicine and science, and allow for remote or office work:

Medical Writing: Medical writers create scientific documents based on medicine or health care. They might write research papers, articles, medical news, or content for healthcare websites. This job can often be done remotely.
Healthcare Consulting: As a consultant, she could provide expert advice to healthcare organizations or private practices. This could involve strategy, management, financial advice, and more.
Medical Sales Representative: She could work for a pharmaceutical or medical supply company, selling products to healthcare professionals. Some of these roles may require travel, but others could be done remotely.
Telemedicine: With her background in dentistry, she could provide consultations and advice to patients over the phone or through video calls.
Healthcare Administration: She could consider roles in healthcare administration or management, which might involve overseeing staff, budgets, and operations at a healthcare facility.
Education: She could consider teaching online courses or webinars on dentistry or related topics.
Research: If she’s interested in research, there are many remote opportunities in medical and scientific research.
Remember, it’s important for her to consider what she enjoys and what her long-term career goals are. I hope this gives her a good starting point!

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Anu Krishna |839 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Sep 26, 2023

Question by mohd - Sep 13, 2023Hindi

Relationship

HI ANU my daughter is doing bds but she is not interested in doing mds what should she will do in future for further study which work in practical life

Ans: Dear Mohd,
She can look at research related areas in her field. Also, I see a wave of youngsters wanting to volunteer in their expert areas and serve the community.
I am unsure if she likes BDS or not...then she may even want to explore changing her career line altogether. This maybe a risky move, but it's better to take a risk and do what you love rather than be safe and do what you despise.
It maybe beneficial to seek a career guidance counsellor who will employ a battery of evaluation tests that will highlight her areas of interest and strengths which will throw out many career options.
Let her explore and find her path.

All the best!

Sushil Sukhwani |343 Answers |Ask -Follow

Study Abroad Expert - Answered on Nov 22, 2023

Question by vimal - Nov 21, 2023Hindi

Career

My daugher is doing BDS from Ahmedabad. what are the chances in india for the job after completing BDS, if she dont want to open her clinic? Is there any bright chances in abroad like canada to persue higher studies in same filed or to do practice after dentist after completing BDS from india

Ans: Hello Vimal,

To begin with, thank you for contacting us. I am happy to hear that your daughter is pursuing her Bachelor of Dental Surgery (BDS). To answer your question first, I would like to tell you that on completing her degree in India, it is possible for your daughter to pursue higher studies or practice dentistry abroad. You would be happy to know that dental graduates from India are presented with many opportunities to further their education or to practice dentistry by a number of countries, including Canada.

I would like to let you know that in order to qualify for licensure in Canada, international dental graduates are generally required to go through a process of assessment and examinations. With an aim to access their abilities and knowledge in the field of dentistry, this procedure may entail exams, and if necessary, further training or education. Nevertheless, remember that the specified prerequisites for each province may differ, and for that reason I would suggest that you conduct an extensive study and comprehend the rules in the province you choose to practice in.

In addition, bear in mind that in numerous nations, including Canada, you can also pursue programs specializing in dentistry, or study further viz., a Master's degree. Although having unique admission standards and requirements, a path to greater specialization and professional growth in the area of dentistry, is offered by these programs. Remember that while it is possible to explore possibilities abroad after earning a Bachelor of Dental Surgery (BDS) from India, I would recommend that you conduct an all-round study on the prerequisites and procedures required to study or practice dentistry in your preferred country.

For more information, you can visit our website.

R P Yadav |304 Answers |Ask -Follow

HR, Workspace Expert - Answered on Nov 29, 2023

Question by Pardeep - Nov 23, 2023Hindi

Career

Dear Sir, My daughter has just completed her BHMS degree and presently doing internship at Ludhiana. In addition to opening her own clinic and doing practice, what are the options in Govt and Private Sectors for earning her livelihood. Is there any scope for jobs in Govt Hospitals in Punjab and other North States ? Thanks, Pardeep Malhotra

Ans: Dear Pradeep,
BHMS is a good degree.
Nowadays, there is good requirement of Homeopath professionals in various IT companies as well as private hospitals which has homeopath sections.
The best thing would be if she starts her own practice, although initially it would be slow but in the long term it will be beneficial and rewarding.

R P Yadav |304 Answers |Ask -Follow

HR, Workspace Expert - Answered on Apr 15, 2024

Question by sk - Apr 12, 2024Hindi

Career

My daughter has done her masters from SCOTLAND in Medical Art what are job opportunities in india and abroad

Ans: Dear SK,
Medical art has a good demand in India.
She should apply in various private hospitals either directly or through job portals.

Shekhar Kumar |129 Answers |Ask -Follow

Leadership, HR Expert - Answered on Apr 21, 2024

Question by APChakravortty - Apr 20, 2024Hindi

Career

Thank you very much for your kind advice. Further, could you please on Phd options? Or shoulx she pursue MBA if that helps her in building a career in related corporate sector. Regards

Ans: Certainly! Pursuing a Ph.D. or an MBA are both viable options, but they lead to different career paths and opportunities. A Ph.D. in bioinformatics offers in-depth research training and specialization in computational biology, genomics, data analysis, and related areas, preparing individuals for careers in academia, research institutions, biotech companies, pharmaceuticals, and government agencies, whereas an MBA offers business-oriented training and specialization in the management, marketing, and strategic planning aspects of the industry to pursue roles such as product manager, marketing manager, business development manager, project manager, or executive leadership positions. Clarify your daughter's long-term career goals and aspirations. Does she envision herself leading research projects, conducting experiments, and publishing scientific papers (Ph.D.), or does she see herself managing teams, developing business strategies, and driving innovation in the corporate sector (MBA)?

Some of the best institutions include the Indian Institute of Science (IISc), the Centre for DNA Fingerprinting and Diagnostics (CDFD), the National Centre for Biological Sciences (NCBS), the Indian Institute of Chemical Technology (IICT), IIT, IIIT, and the Institute of Bioinformatics and Applied Biotechnology (IBAB).

Ultimately, the decision between pursuing a Ph.D. or an MBA depends on your daughter's individual goals, interests, and career aspirations. Encourage her to carefully weigh the pros and cons of each option to choose a path that aligns with her passions and long-term vision for her career.

Latest Questions

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Asked by Anonymous - May 09, 2024Hindi

Money

I have about 40 lakhs in equity MF, 40 lakhs in pf. Currently making 1 lakh SIP per month. In hand salary is 3.25 lakh/month. I plan to purchase a house worth 1.5 Cr. I'll soon get a lump sum amount of 60 lakhs. Should I use that to pay larger upfront for the house or invest it to pay future payment from returns? I am 37 yrs old male. Monthly expense is about 1 lakh inclusive of rent.

Ans: Here's a breakdown of your situation to help you decide whether to use the lump sum for a larger down payment or invest for future EMIs:

Factors to Consider:

Down Payment Impact: A larger down payment reduces your loan amount, leading to lower interest payments overall. This can save you a significant amount of money in the long run.

Investment Potential: Investing the lump sum could potentially generate returns that help cover future EMIs. However, market performance is not guaranteed.

Emergency Fund: Ensure you have a sufficient emergency fund after using the lump sum (ideally 3-6 months of living expenses).

Risk Tolerance: Investing the lump sum involves market risks. Consider your comfort level with potential fluctuations.

Here are two approaches to consider:

Option 1: Larger Down Payment:

Use a significant portion of the lump sum (say 40-50 lakhs) for a larger down payment. This can bring down your loan amount substantially, reducing your overall interest burden.
Invest the remaining amount (20-30 lakhs) to potentially generate additional income or create a buffer for future expenses.
Option 2: Invest and Pay EMIs:

Invest the entire lump sum (60 lakhs) in a diversified portfolio to potentially generate returns that can cover future EMIs.
This frees up your monthly income for other expenses or investments. However, market performance can impact returns.
Here are some additional thoughts:

Interest Rates: Compare current home loan interest rates with the potential returns you might expect from your investments.
Debt Management: Consider your overall debt situation. A larger down payment can improve your debt-to-income ratio, potentially making you eligible for better loan terms.
Professional Advice: Consulting a financial advisor can help you create a personalized plan considering your risk tolerance, financial goals, and investment horizon.
Here's a quick summary of your financial situation:

Strong Savings: With Rs. 40 lakh in MFs, Rs. 40 lakh in PF, and a Rs. 1 lakh monthly SIP, you have a solid savings foundation.
High Income: Your in-hand salary of Rs. 3.25 lakh per month provides significant financial flexibility.
House Purchase: Aiming for a Rs. 1.5 crore house indicates a long-term investment plan.

Ultimately, the decision should align with your risk tolerance, financial goals, and overall financial plan. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific circumstances, helping you make informed decisions to achieve your objectives.

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Question by Ashish - Mar 02, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Question by Subhash - Feb 29, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Question by Barath - Feb 29, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Question by Meenatchi - Feb 28, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Asked by Anonymous - Mar 01, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Asked by Anonymous - Feb 28, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Question by Naresh - Mar 01, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Asked by Anonymous - Feb 28, 2024Hindi

Money

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

Ramalingam Kalirajan |1839 Answers |Ask -Follow

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

Asked by Anonymous - Feb 26, 2024Hindi

Money

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

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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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