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Baqar Iftikhar Naqvi  |112 Answers  |Ask -

Start-up Mentor - Answered on Sep 08, 2023

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Abdul Question by Abdul on Sep 08, 2023Hindi
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Sir I lost my job and jobless for past 2 years trying to survive my livelihood need your suggestion how to start my own business

Ans: Reskill or Upskill yourself first. Find a decent job and rebuild your career. Doing your own thing is more riskier than finding a job.
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Ramalingam

Ramalingam Kalirajan  |4812 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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I am 30 years old working in Public sector bank my salary is monthly 60000 and I have shares worth 1100000 and mutual funds worth 200000 and I am investing monthly SIP 13000 Including equity, best and hybrid funds I have health and term insurance I would like to retire at 50 years with corpus of 3 crores how can I improve my investment strategy.
Ans: You are 30 years old, earning Rs 60,000 monthly. You have shares worth Rs 11 lakhs and mutual funds worth Rs 2 lakhs. You are investing Rs 13,000 monthly in SIPs. You also have health and term insurance.

Retirement Goal

You aim to retire at 50 with a corpus of Rs 3 crores. This goal is achievable with a well-planned strategy.

Investment Strategy Evaluation

Your current investments include equity, debt, and hybrid funds. This mix is good for diversification. However, to reach Rs 3 crores, you need to optimise and possibly increase your investments.

Disadvantages of Direct Funds

Direct funds require constant monitoring. Regular funds, managed by a Certified Financial Planner (CFP), can provide expert advice and better management. This ensures your investments are aligned with your goals.

Recommendations for Improvement

Increase SIP Contribution: Gradually increase your SIP amount as your salary grows.

Professional Management: Regular funds managed by a CFP can offer better returns and less hassle.

Diversify Portfolio: Include large-cap funds to balance the risk and return.

Regular Reviews: Monitor and adjust your portfolio regularly with the help of a CFP.

Final Insights

Your goal to retire with Rs 3 crores is realistic. You need to increase your SIPs, diversify your portfolio, and seek expert advice. Regular funds managed by a Certified Financial Planner can help you achieve your target with less stress.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4812 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 16, 2024Hindi
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Hello Experts, I am currently working in pvt sector and am 32 years old. My current in hand salary is 1.45lac per month. I am currently paying off my father's home loan of 38lacs, with current outstanding of 24lacs. I have bought a flat back in 2021, for which the loan is of 70lac for 30years.I have a loan insurance for this loan. The EMI for this has not been started yet. It will start once the builder will provide possession of the same. I am paying 15500 monthly rent and apart from that monthly expenses amounts to 30k a month. I am married and my wife is a homemaker and I have a baby girl 2months old. Could you please guide me.
Ans: You have a monthly salary of Rs. 1.45 lakhs. You are paying off your father's home loan with Rs. 24 lakhs outstanding. You bought a flat in 2021 with a Rs. 70 lakhs loan. Your EMI for this will start once you get possession. You pay Rs. 15,500 rent and have monthly expenses of Rs. 30,000. You are married with a homemaker wife and a 2-month-old daughter.

Debt Management
Focus on repaying your father’s home loan. Prioritize this to reduce financial burden. Use part of your monthly income for this. Once the EMI for your flat starts, your expenses will increase. Plan for this additional expense in advance.

Expense Management
You pay Rs. 15,500 in rent and Rs. 30,000 in other expenses. Ensure these expenses are well-managed. Create a monthly budget to track your spending. This will help you save more.

Emergency Fund
Build an emergency fund to cover at least 6 months of expenses. This will provide financial security. Use a high-interest savings account for this fund.

Insurance Coverage
You have loan insurance for your flat. Ensure you also have adequate life and health insurance. This protects your family in case of emergencies.

Investment Planning
Start a Systematic Investment Plan (SIP) in mutual funds. SIPs allow you to invest a fixed amount regularly. This helps in disciplined investing and wealth creation.

Benefits of SIPs
SIPs help in rupee cost averaging. This reduces the impact of market volatility. They provide the benefit of compounding returns. SIPs are flexible, allowing you to increase or decrease your investment amount.

Actively Managed Funds
Actively managed funds offer better returns than index funds. Professional fund managers select stocks based on research. This can outperform the market.

Regular Funds vs Direct Funds
Regular funds come with the expertise of a Certified Financial Planner (CFP). CFPs provide personalized advice and regular monitoring. This ensures your investments remain aligned with your goals.

Child’s Education Planning
Start an education fund for your daughter. Invest in a mix of equity and debt funds. This will ensure her future education expenses are covered.

Professional Guidance
Seek advice from a Certified Financial Planner (CFP). They can provide a tailored financial plan. Professional guidance will help you achieve your financial goals efficiently.

Final Insights
Prioritize debt repayment. Build an emergency fund. Invest in SIPs for long-term growth. Secure your family’s future with proper insurance and planning.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Mayank

Mayank Chandel  |1547 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jul 16, 2024

Mayank

Mayank Chandel  |1547 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jul 16, 2024

Ramalingam

Ramalingam Kalirajan  |4812 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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Current Investment: Age: 23Monthly SIP: ?3,600 Portfolio: Small Cap, Mid Cap, and Index Funds Financial Goals: Goal 1: Accumulate ?1 crore in the next 3 years Goal 2: Accumulate ?5 crores in the next 10 years Goal 3: Accumulate ?25 crores by the age of 50 (in 27 years) Questions: how much should I be investing monthly in SIPs to achieve these goals?Could you suggest a diversified portfolio that balances growth and risk? What adjustments or additional strategies would you recommend to make these goals more achievable?Are there any specific mutual funds you would recommend for each goal?
Ans: You are 23 years old and investing Rs 3,600 per month in SIPs. Your portfolio includes small-cap, mid-cap, and index funds.

Financial Goals Assessment

Goal 1: Accumulate Rs 1 crore in 3 years.
Goal 2: Accumulate Rs 5 crores in 10 years.
Goal 3: Accumulate Rs 25 crores by age 50 (27 years).
Monthly Investment Requirement

To achieve these goals, the current SIP of Rs 3,600 per month is not enough. You will need to increase your SIP amount significantly. Consulting a Certified Financial Planner (CFP) will provide precise guidance on the required SIP.

Portfolio Diversification

Your current portfolio is heavily inclined towards small-cap, mid-cap, and index funds. These funds can be volatile. Including large-cap and flexi-cap funds will balance growth and risk.

Disadvantages of Index Funds

Index funds often track the market. They may not outperform it. Actively managed funds, managed by experts, can offer better returns and risk management.

Disadvantages of Direct Funds

Direct funds need continuous monitoring. Regular funds, managed by a CFP, can offer professional advice, better management, and less hassle.

Additional Strategies

Increase SIP Amount: Regularly review and increase your SIP as your income grows.

Seek Professional Guidance: A CFP can help you choose the right funds and strategies.

Diversify: Balance your portfolio with large-cap, mid-cap, and small-cap funds to reduce risk.

Final Insights

Your ambitious financial goals require a substantial increase in your SIP contributions. Diversify your portfolio to include large-cap and flexi-cap funds. Seek advice from a Certified Financial Planner for tailored strategies and better management.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4812 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 16, 2024Hindi
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Dear Sir, I am 44 years old. With a total family salary income of 2.2 Lakhs/Month after tax, and I get a yearly one time bonus of Rs. 1.5 Lakhs. Below is my financial position. 1. Combined Family PF Accumulation - 50 Lakhs 2. Own individual house with no Loan(i.e. 20 years housing loan closed in 4 Years) 3. A empty commercial plot in a busy area in a First grade municipal town worth 1.6 Crores 4. A empty commercial land of area 32000 Sq.ft. on a busy National Highways worth 2 Crores 5. Gold Jewels - 2.1 Kg 6. Some ancestral houses and 7 acres agricultural lands from which I get 20K Per month excluding our(mine + wife) salary. 7. LIC Endowment Policies from which I can get Rs. 10 Lakhs if I surrender pre-maturely now. No FD, Mutual Funds and Shares. Debt: 1. 900 grams of gold to my close relative which I borrowed at Rs. 5500/gram in 2023, also has to return only as gold. 2. 35 Lakhs cash at Bank FD rate of interest from my Mom. 3. Gold Pledged for Rs. 18 Lakhs at a nationalized bank 4. Personal loan of Rs. 10 Lakhs, EMI Rs. 27000/month(Approx). - 50 Months remaining. Two daughters studying 11th and 6th respectively. Please guide me to come out of my debt as early as possible.
Ans: Your income and assets are strong. You have Rs. 2.2 lakhs monthly income and a Rs. 1.5 lakh yearly bonus. Your PF accumulation is Rs. 50 lakhs. You own a house with no loan. Your commercial properties are worth Rs. 3.6 crores. Your gold jewels weigh 2.1 kg. Your ancestral property provides Rs. 20,000 monthly.

Debt Analysis
You have some debts. You owe 900 grams of gold to a relative. You have Rs. 35 lakhs debt to your mother at FD interest rates. You have pledged gold for Rs. 18 lakhs at a bank. You have a personal loan of Rs. 10 lakhs with a Rs. 27,000 monthly EMI.

Liquidity Management
Consider surrendering your LIC endowment policies. This can provide Rs. 10 lakhs immediately. Use this amount to reduce high-interest debts. Prioritize paying off the personal loan and pledged gold loan first.

Debt Repayment Strategy
Focus on repaying high-interest loans. Use your bonus and part of your monthly income for this. Repay your personal loan early. This will save on interest costs.

Gold Loan Repayment
Repay the gold loan at the bank. Use part of your income and savings. This will free up your pledged gold. Return the borrowed gold to your relative as soon as possible.

Family Debt Clearance
Repay your mother’s debt with a structured plan. Consider paying a fixed amount monthly. This will reduce your financial burden over time.

Future Investment Planning
Start investing in mutual funds. Use a SIP to invest regularly. This will help grow your wealth. Actively managed funds are better than index funds. They can provide higher returns.

Education Planning for Daughters
Set up an education fund for your daughters. Invest in equity and debt funds. This will ensure their future expenses are covered.

Insurance Review
Review your insurance needs. Ensure you have adequate life and health insurance. This protects your family in case of emergencies.

Professional Guidance
Seek advice from a Certified Financial Planner (CFP). They can provide a tailored financial plan. Professional guidance will help you achieve your financial goals efficiently.

Final Insights
Focus on debt repayment first. Invest regularly for future growth. Secure your family’s financial future with proper planning.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4812 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 16, 2024Hindi
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We are working couple (40 and 36 years) with total SIP 120000 per month (60000 each). Current MF portfolio is 25 Lacs. Investment target is December 2030 with corpus target of 2 Cr or more post taxation. Below is our SIP distribution. Will this achieve our target? Suggest any improvements if required. There is no scope for increasing SIP for next 2 years. Quant Flexi Cap Fund Direct Growth - 20000 Parag Parikh Flexi Cap Fund Direct Growth - 15000 JM Flexi Cap Fund Direct Growth - 15000 Motilal Oswal Mid Cap Fund Direct Growth - 20000 Quant Mid Cap Fund Direct Growth - 20000 Tata Small Cup Fund Direct Growth - 10000 Nippon India Small cap Fund Direct Growth - 10000 Quant Small Cap Fund Direct Growth - 10000
Ans: You have a well-diversified SIP portfolio with an allocation across flexi-cap, mid-cap, and small-cap funds. Your monthly SIP contribution is Rs 1,20,000, and your target is to achieve a corpus of Rs 2 crore or more by December 2030.

Fund Allocation Evaluation

Your current allocation focuses heavily on flexi-cap, mid-cap, and small-cap funds. While these funds can offer good returns, they come with higher risk. Diversifying into other categories might reduce risk.

Regular funds through a Certified Financial Planner (CFP) can offer professional management and advice.

Disadvantages of Direct Funds

Direct funds require extensive research and monitoring. Regular funds provide the benefit of expert guidance, potentially better returns, and less hassle. Certified Financial Planners can help optimize your investments and ensure your portfolio aligns with your goals.

Flexi-Cap Funds Assessment

Flexi-cap funds provide flexibility to invest across market capitalizations. However, actively managed funds might outperform due to professional management.

Mid-Cap and Small-Cap Funds Evaluation

Mid-cap and small-cap funds have high growth potential but come with higher volatility. Balancing these with large-cap funds could provide stability to your portfolio.

Recommendations for Improvement

Consider adding large-cap funds to balance your portfolio. Regular funds managed by a CFP can provide expert guidance. This can help in achieving your target with a balanced risk approach.

Final Insights

Your current SIP allocation is strong but could benefit from expert management and diversification. Regular funds through a Certified Financial Planner can offer better guidance and potentially higher returns. Achieving your goal by December 2030 is feasible with balanced diversification and professional management.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4812 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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Hai sir I am mr kashyap of aged 30 I am having 10 lakhs please suggest me a better mutual fund for better return in crores
Ans: It's important to set clear financial goals. Understand your risk tolerance before investing. As a young investor, you can take higher risks for higher returns. Aim for a diversified portfolio to balance risk and return.

Benefits of Actively Managed Funds
Actively managed funds offer better potential for higher returns. Professional fund managers select stocks based on research. This can outperform index funds, which just track the market. Actively managed funds are ideal for those seeking higher returns over the long term.

Importance of Diversification
Diversification spreads risk across different assets. Invest in a mix of equity, debt, and sector funds. This reduces the impact of any single investment's poor performance.

Benefits of Regular Funds
Regular funds come with the expertise of a Certified Financial Planner (CFP). CFPs provide personalized advice and regular monitoring of your investments. This ensures your portfolio remains aligned with your goals. Regular funds often perform better due to professional guidance.

Recommended Fund Types
Equity Funds: Suitable for long-term growth. Invest in large, mid, and small-cap funds.

Debt Funds: Provide stability and lower risk. Ideal for short to medium-term goals.

Sector Funds: Focus on specific sectors like technology or healthcare. High risk but high potential returns.

Systematic Investment Plan (SIP)
Consider starting a SIP with your Rs. 10 lakhs. SIPs allow you to invest a fixed amount regularly. This reduces the risk of market volatility. It's a disciplined approach to wealth creation.

Monitoring and Rebalancing
Regularly review and rebalance your portfolio. This keeps your investments aligned with your goals. Rebalancing helps maintain the desired level of risk.

Professional Guidance
Seek advice from a Certified Financial Planner (CFP). They can provide tailored investment strategies. Professional guidance helps you achieve your financial goals efficiently.

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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