Hi doctor, I am 59 years old. I am frequently getting severe itching problem over body like on shoulders, hands folds, leg folds, back and front stomach etc., I used medicines, creams, moisturisers etc., on dermatologist's advice. when i using the same itching stopped. After the course again the problem starting. what is the solution?

Ans: Hello. Thank you for your query. I would suggest you to visit Physiotherapist close by to you to determine exact reason and suggest possible treatment options.

Ans: Large-cap mutual funds are like sturdy ships navigating the vast ocean of the stock market, anchoring your investments in well-established companies. These funds focus on the giants of the corporate world, companies with substantial market capitalization and a proven track record of performance. But why choose large-cap funds? Well, they offer stability and reliability, akin to the steadfastness of a lighthouse guiding ships through turbulent waters. With their conservative approach and steady growth potential, they serve as a cornerstone in many investment portfolios.

As a Certified Financial Planner, I appreciate the role these funds play in providing a solid foundation for your financial goals. However, it's essential to carefully evaluate each fund's performance, management team, and investment strategy to ensure it aligns with your objectives and risk tolerance.

Remember, while large-cap funds offer stability, diversification across different asset classes is key to building a resilient portfolio. By striking the right balance, you can navigate the seas of the market with confidence and sail towards your financial aspirations.

Ans: It sounds like you've had quite the journey navigating the market's ups and downs. Given your current situation and the substantial amount parked in FDs, it's understandable to seek guidance on how to deploy those funds effectively.

Since the market is currently at an all-time high, lump-sum investing might seem daunting. However, attempting to time the market based on past predictions can be risky and challenging. Instead, consider a systematic approach to gradually deploy your funds over time.

One option is to allocate the 70 lakhs into mutual funds using a systematic transfer plan (STP) or a phased approach through SIPs. This approach allows you to spread your investments over a period of time, reducing the impact of short-term market fluctuations.

You mentioned considering HDFC Sensex index fund, Quant smallcap fund, and Quant midcap fund. These are indeed viable options, each with its own risk-return profile. While index funds offer broad market exposure with lower expenses, actively managed funds like Quant smallcap and Quant midcap have the potential for higher returns but also come with increased risk.

Ultimately, the choice between lump-sum investing and SIPs depends on your risk tolerance, investment goals, and time horizon. Consulting with a Certified Financial Planner can help you devise a strategy tailored to your specific circumstances, ensuring your investments align with your objectives and provide a path to long-term growth and financial security.

Ans: Planning for retirement is a significant milestone, and I commend your foresight in considering your financial needs for the future. To estimate the corpus needed for retirement, we must first analyze your current expenses, lifestyle expectations, and potential sources of income.

Given your monthly expenses of Rs 1.75 lakh, we can project your annual expenses and account for inflation to determine your future financial requirements. Additionally, consider any healthcare costs or other unforeseen expenses that may arise during retirement.

Since your children are settled with their own housing and assuming no outstanding loans, your focus should be on maintaining your current standard of living and covering essential expenses, including healthcare and leisure activities.

Considering your location in Delhi, where the cost of living may be higher, it's essential to factor in any regional variations in expenses.

Once we have a clearer picture of your financial needs, we can calculate the corpus required to generate a steady income stream during retirement. This corpus can come from various sources, including retirement accounts, investments, and pension plans.

Consulting with a Certified Financial Planner will provide personalized guidance tailored to your specific circumstances and help you plan effectively for a comfortable and secure retirement. With careful planning and diligent saving, you can embark on this new chapter of life with confidence and peace of mind.

Ans: Investing 4 lakh for a two-year horizon to further grow your wealth is a thoughtful endeavor. Since you already have a substantial investment in mutual funds, including tax-saving ones, you're well-versed in the benefits of long-term investing.

For this short-term goal, consider allocating your funds to debt instruments or conservative hybrid funds. Debt instruments like short-term bonds or fixed deposits offer stability and predictable returns, making them suitable for shorter investment horizons. Conservative hybrid funds, blending both equity and debt, provide a balance between growth potential and risk mitigation.

Prioritize capital preservation and liquidity when selecting investments for this goal. Evaluate the risk-return profile of each option and choose investments that align with your risk tolerance and financial objectives.

Remember, even short-term investments require careful consideration and planning. Consult with a Certified Financial Planner to devise a strategy tailored to your needs and ensure your investments serve your goals effectively. With prudent decision-making, you can grow your wealth steadily and achieve your financial aspirations.

Ans: Ah, the quest for the best equity funds for a lump sum investment over 10 years is indeed a journey worth embarking upon. As a Certified Financial Planner, I applaud your foresight in seeking wealth creation opportunities.

In this pursuit, consider funds with a track record of consistent performance, managed by seasoned professionals who understand the nuances of the market. Look for funds that align with your risk tolerance and long-term financial goals.

Remember, investing in equity entails riding the waves of market volatility, but also offers the potential for significant growth over time. Keep in mind the importance of diversification to spread risk across different sectors and companies.

Furthermore, stay informed about economic trends and global developments that could impact your investments. And always remember, patience and discipline are virtues in the world of investing.

Ultimately, the best equity funds for you are those that resonate with your values, aspirations, and appetite for risk. As you navigate this journey, may you find the path that leads you towards your financial dreams.

Ans: Considering your substantial assets and monthly expenses, retiring comfortably is certainly within reach. To maintain your current lifestyle post-retirement and generate a monthly income of 1.5 lakh, you'll need to deploy your assets wisely.

Equity Investments: Given your low to medium risk appetite, consider allocating a portion of your assets to diversified equity mutual funds or index funds. These investments offer the potential for growth over the long term while spreading risk across various sectors and companies.
Debt Investments: Given your risk appetite, you may also consider investing in debt instruments such as high-quality corporate bonds or government securities. These provide stability to your portfolio while generating a steady income stream.
Systematic Withdrawal Plan (SWP): With a significant portion of your assets in mutual funds and other investments, you can set up a Systematic Withdrawal Plan (SWP) to generate a regular income stream. This allows you to withdraw a fixed amount at regular intervals while keeping your investments intact.
Real Estate: Depending on your preferences and market conditions, you may also explore investing a portion of your assets in rental properties or real estate investment trusts (REITs) to generate additional income.
Tax Planning: Optimize your tax liability by considering tax-efficient investment options such as tax-saving mutual funds (ELSS), tax-free bonds, and other tax-saving instruments.
Emergency Fund: Maintain a sufficient emergency fund in a liquid and easily accessible form, such as savings accounts or short-term fixed deposits, to cover unforeseen expenses.
Consult a Financial Advisor: Given the complexity of your financial situation and the importance of retirement planning, consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your goals, risk tolerance, and financial situation.
By diversifying your investments across different asset classes and maintaining a balanced portfolio, you can generate a steady income stream to support your retirement lifestyle while preserving your wealth for the long term.

Ans: Your selection of mutual funds reflects a diversified approach across different categories, suitable for a long-term horizon of 8 to 10 years. However, let's evaluate each fund's characteristics and consider additional options for your increased investment.

ICICI Balanced Advantage and HDFC Balanced Advantage funds offer dynamic asset allocation, making them suitable for investors seeking a balanced approach to growth and risk management. Tata Midcap and Largecap Fund provides exposure to both mid-cap and large-cap stocks, potentially capturing growth opportunities across market segments.

Nippon India Small Cap and Motilal Oswal Midcap funds focus on smaller companies with growth potential, while ICICI Prudential Commodities Fund offers exposure to commodities, diversifying your portfolio further.

Quant Small Cap Fund targets small-cap stocks, enhancing growth potential but also increasing risk due to volatility associated with smaller companies.

Considering your desire to invest an additional 10k in SIP, you may want to consider adding a fund that complements your existing portfolio. A diversified large-cap fund or a flexi-cap fund could offer stability and growth potential. Alternatively, you could consider an international equity fund to diversify globally.

Before making any decisions, it's essential to assess your risk tolerance, investment objectives, and the suitability of the new fund within your overall portfolio. Consulting with a Certified Financial Planner can provide personalized guidance based on your financial situation and goals.

Overall, your current selection of funds appears suitable for long-term wealth creation, and adding a complementary fund can further enhance diversification and growth potential. Keep monitoring your investments regularly and stay informed about market trends to make informed decisions.

Ans: Your investment approach demonstrates a proactive mindset towards achieving your retirement goal. With a high-risk appetite and a long investment horizon of 20 to 22 years, you've chosen funds that align with your objectives.

Your portfolio consists of a mix of funds across various market caps, providing diversification and potential for growth. However, it's essential to periodically review your investments to ensure they remain aligned with your goals and market conditions.

Given your high-risk appetite, the funds you've selected appear suitable for wealth creation over the long term. However, consider monitoring their performance regularly and adjusting allocations if needed. Additionally, stay informed about economic and market trends that could impact your investments.

As you progress towards your retirement goal, you may consider rebalancing your portfolio periodically to maintain an optimal mix of assets. Consulting with a Certified Financial Planner can provide valuable insights and guidance tailored to your specific circumstances.

Overall, your proactive approach to investing and commitment to long-term wealth creation are commendable. By staying disciplined and informed, you're on track to achieve your retirement goal of 5 crores. Keep nurturing your investments, and they're likely to flourish over the years ahead.