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Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 29, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Asked by Anonymous - Apr 29, 2024Hindi

Money

Hi Sir - I'm 35 years old with a monthly income of ~3 lakhs. My wife's income is ~90K per month, but she might resign very soon. We have a 5 year old male kid. Our home loan EMI is 61K with 8.9% SBI max gain and we are planning to pre-close by on/before March'2025. No EMI on car. We are potentially looking to have a corpus of 5 Cr minimum by the time I turn 50 to 52 years. The existing long term investment components are, 1. PPF - started last year for me & wife 25k per month. 2. PF - existing balance is 28L 3. MFs - started from Jan'2024. 60k per month. 20k quant flexi cap, 20k Nippon India multi cap. 20k HDFC multi cap. Planning to start 1 more SIP of 20k/30k through small cap after closing the HL. Am I in the right direction towards my goal? Or any corrections you suggest to achieve it.

Ans: You're taking commendable steps towards securing your family's future. Your disciplined approach with PPF, PF, and MF investments is a testament to your foresight. But have you factored in life's uncertainties and inflation? It's crucial to reassess periodically and diversify wisely. As your wife's income might change, ensure your investments can adapt. Also, while focusing on financial goals, cherish the journey and the moments with your loved ones. Remember, a Certified Financial Planner can provide personalized guidance to navigate these paths effectively. Keep moving forward with determination, and success will follow.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 23, 2024

Asked by Anonymous - Dec 26, 2023Hindi

Money

Hi Sir, I am 47 years and wife is 46 years old and we both are working in SW field. We both have started investing in MF for past 3-4 years and below is the investment done in various MF's( currently our SIP is Rs 53,000) . This is been done as per advice of our bank Relationship manager. Our investment horizon is long term and we intend to build a healthy corpus for our retirement. Please advice if our investment is headed in right direction and do we need to recalibrate this. Currently we have a joint home loan of 18 lacs and our apprx. monthly income is 2.5 lacs. Below is the list of our investments in various funds ( with SIP and duration): 1. Axis Blue Chip Fund Regular Plan- Growth SIP 3000 -( since 54 Months) 2. ICICI Prudential Balanced Advantage Fund - Regular - Growth SIP 3000 (since 32 Months ) 3. ICICI Prudential India Opportunities Fund - Growth SIP 3000 (14 Months) 4. Nippon India Large Cap Fund - Growth - SIP 3000 (54 Months) 5. Aditya Birla Sun Life Frontline Equity Fund - Regular Plan - Growth SIP 4000 (Since 6 Months) 6. Axis Focused 25 Fund Regular Plan - Growth SIP 3000 (27 Months) 7. Canara Robeco Emerging Equites- Regular Plan - Growth SIP 3000 (34 Months) 8. HDFC Balance Advantage Fund - Regular Plan - Growth SIP 6000 (6 Months) 9. ICICI Prudential Multi- asset Fund- Growth SIP 3000 (20 Months) 10. Kotak Equity Opportunities Fund- Regular Plan Growth SIP 5000 (6 Months) 11. Mirae Asset Large Cap Fund Regular Plan Growth SIP 4000 (6 Months) 12. Nippon India Small Cap Fund - Growth SIP4000 (6 Months) 13. SBI Equity Hybrid Fund - Regular Plan - Growth SIP 4000 (32 Months) 14. Tata Multi Asset Opportunities Fund Regular Plan - Growth SIP 5000 (6 Months Total SIP 53000 Lumpsum Investments: 1. Axis Growth Opportunities Fund - Fund Regular Plan- Growth 100000 Done on 21st May 2021 2. Axis Global Innovation Fund of Fund Regular Plan Growth 100000 Done on 21st May 2021 Thanks in Advance

Ans: It's commendable to see your commitment towards building a substantial corpus for your retirement. Your diversified portfolio showcases a mix of large-cap, mid-cap, and hybrid funds, which is a good strategy for long-term growth. However, there are a few considerations to ponder.

Firstly, while diversification is key, it's also essential to ensure that you're not over-diversifying, which could potentially dilute your returns. Assess the overlapping sectors and stocks across your funds to avoid redundancy.

Secondly, given your investment horizon and age, it might be beneficial to gradually shift towards more conservative options as you approach retirement. Rebalancing your portfolio periodically can help align it with your changing risk appetite and goals.

Lastly, consider evaluating the performance of your funds against their benchmarks and peer group regularly. Remember, investing is not just about choosing the right funds but also about monitoring and tweaking your portfolio when necessary.

Stay committed to your financial journey, and remember, it's the discipline and patience that often lead to fruitful outcomes in investing.

Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 10, 2024

Asked by Anonymous - May 04, 2024Hindi

Money

I'm 41 year old with below investments - EPF corpus so far - 1cr - SGB - 10 lacs - PPF - 10 lacs , SSY- 6 lacs - FDs - 75 lacs - Mutual funds ( spread across various caps) - 70 lacs - Stocks - 75 lacs - ESOP ( vested ) - 35 lacs - rate of current savings (90K MF monthly, plus additional 40 lacs annually) - Land bought - current value 50 lacs (long term with holding period around 20 years - backup for kids marriage expenses ) My near term expenses a) buying a home (around 1.7 cr) b) kids education - need to build a corpus of 2 Cr in next 5 years ( kid is 6 year old currently) c) building a retirement corpus to maintain 1.5 lacs expenditure monthly ( inflation adjusted) want to retire at 55 and considering life span of 75 years. Please guide me any steps towards these goals . Ideally would like to retire at 50 but would put a strain with respect to kids college education.

Ans: Given your current financial position and goals, it's crucial to create a strategic plan to achieve them effectively. Let's break it down:
For your near-term expenses:
• Allocate a portion of your savings towards the home purchase, considering a down payment and subsequent EMIs.
• To build a corpus for your child's education, consider investing in a mix of equity and debt instruments with a focus on growth.
For your retirement goals:
• With a desire to retire at 55 and a lifespan goal of 75 years, you have around 14 years to build your retirement corpus.
• Utilize a combination of equity, debt, and balanced mutual funds to achieve long-term growth while mitigating risk.
• Regularly review and adjust your investment portfolio to align with changing life stages and market conditions.
Considering your current investments:
• Diversify your portfolio further to spread risk and maximize returns.
• Explore options like systematic investment plans (SIPs) in mutual funds to benefit from rupee cost averaging and compounding over time.
Regarding your desire to retire at 50:
• While ambitious, it's essential to weigh the potential strain on your child's education corpus.
• Evaluate the feasibility of early retirement by assessing your current savings rate, expected returns, and future income streams.
Remember:
• Keep a close eye on your investments and make informed decisions based on your financial goals and risk tolerance.
• Consult with a Certified Financial Planner periodically to review your plan and make necessary adjustments.
Wishing you success in achieving your financial aspirations!
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Question by Mitansh - May 06, 2024Hindi

Money

Hello, I am 42, working as an HR professional with a MNC Life Insurance company. Wife is into consulting. Our household income is around 2.2 Lacs and we have a corpus of 1.7 Cr. Stocks - 11L (All Bluechip) MF - 25L (Large, Mid, Small & Flexi caps) NPS - 5.5L PF/PPF - 55L FD - 78L We are also monthly investing as mentioned below: MF SIPs - 1Lacs PF/PPF - 52k Employer NPS - 7k Liabilities: Home Loan - 25k Monthly EMI Tenure Left - 5 years I would require 2Cr after 7 years as my 11 years daughter wants to do a professional course from a top international university. Would require 1 Cr after 15 years for her wedding. Most important, I would like to shift my career wherein our household income would be reduced to 1-1.5 Lacs per month. The same would be the monthly household expenses. I would like to generate 2.5 lacs monthly income after 18 years from now. Thanks & Regards Mitansh Sanawar

Ans: Hello Mitansh,

It's commendable to see your proactive approach towards planning for your family's future. Let's break down your financial goals and chart a roadmap to achieve them:

• Firstly, kudos on building a substantial corpus and maintaining a disciplined approach towards investments. Your diversified portfolio reflects prudent financial planning.

• Your short-term goal of accumulating 2 crores in 7 years for your daughter's education is achievable with your current investment capacity. Given your investment horizon, consider allocating a portion of your portfolio towards growth-oriented assets with higher potential returns.

• For your daughter's wedding expenses of 1 crore in 15 years, continue your systematic investment approach through SIPs and other avenues. With disciplined investing, you can accumulate the required corpus by the targeted timeframe.

• Transitioning to a career with a reduced household income is a significant decision. It's essential to reassess your financial plan and ensure it aligns with your future income expectations. Consider revising your monthly investments and expenses accordingly to maintain financial stability.

• Your long-term goal of generating 2.5 lakhs in monthly income after 18 years requires careful planning and strategic investment allocation. Explore avenues such as dividend-paying stocks, rental income from real estate (if suitable), and other passive income streams to supplement your retirement income.

• Additionally, review your existing investment portfolio periodically to rebalance and optimize returns. Consider consulting with a Certified Financial Planner to fine-tune your financial plan and address any potential gaps.

With a clear roadmap and disciplined execution, you can achieve your financial aspirations and provide for your family's future needs. Stay focused on your goals, and best wishes for a prosperous financial journey ahead!

Latest Questions

Ravi Mittal |193 Answers |Ask -Follow

Dating, Relationships Expert - Answered on May 16, 2024

Asked by Anonymous - May 10, 2024Hindi

Relationship

Hello Sir, it has been 4 years since I got married. I have two kids. My wife loves me a lot. One day, in a casual conversation, she told me about her past life before marriage. I too had physical relations with a friend. Since then, I have been in depression. What should I do? I am unable to understand. Should I separate or leave her. Although now she keeps crying that that was the past. Now I love you very much, but I am unable to understand what to do. Please guide us. I feel that my life has been ruined. I am unable to understand ????????

Ans: Dear Anonymous,

I am assuming that whatever your wife confessed happened before you met her. And assuming that I want to ask you, are you seriously mad at your partner for having a life before you even existed for her? Is that even something to be concerned about? Everyone has a past. If you did not, that's your choice. She did, that's hers. How can you judge her for something that happened before you two got married? This anger, no matter how real it feels, is quite baseless. You are ruining your peace and marriage for nothing.

And you say, "She is crying that that was her past," why does she have to cry? It was indeed in her past. It is entirely up to the person whether they want to disclose it or not. Past is supposed to be in the past. Have a clear discussion with your wife. If things don't seem to cool down, I recommend seeing a marriage counselor who can help sort this issue in a more structured way.

Best Wishes.

Ravi Mittal |193 Answers |Ask -Follow

Dating, Relationships Expert - Answered on May 16, 2024

Asked by Anonymous - May 16, 2024Hindi

Relationship

Dear LG, Please keep this anonymous. I have been married since 6 years. However, since past 5+ years we have not been intimate. We haave a 5&1/2 year kid. Since his birth we have had a lot of differences and his family interference was lot leaving me alone and wounded. I don't stay with my husband and in-laws since then. I had made up that work is worship. But 2 years back I met a colleague. He is 10 years younger to me and we have extremely similar vibes. We enjoy each other's company and cared a lot. Eventually i fell in love with him. But he always knew he wont be able to go against his family. We also had relationship. Now he has strated looking for girls and wants us to stop being intimate. He is saying he wants to be friends and not loose me but not have relationship. We both work together in same space and our area of work is also same. I am unable to forgive my husband and forget this person. He never goes away. He is always there telling that I want to see you happy. He needs me for professional development. And i am not able to loose our relationship. He says physical intimacy only I cant have remaining Im there. Then again says I don’t know when I will be there so I am unable to give assurance or promise. I am tormented with a child, work and my health is getting affected. Can you please help?

Ans: Dear Anonymous,

I am sorry that you are in such a tough spot. My advice would be to move on. Yes, I realize that it is easier said than done but let's put things into perspective- first, you have no future with this man, and he has made it clear. Are you okay to keep hanging on to him while he builds his own life? I am assuming no, especially since you have a child. Second, what about your self-respect? He is directly telling you that this relationship is headed toward a dead end. Do you believe you deserve to be with someone who does not want to settle down with you? I believe you deserve better.

I am not blaming him because he made no promises. You are not to be held guilty either because you were in a tough spot and you grabbed the first emotional support you found. But the current reality is that he wants out. And convincing him to stay is not an option. At this point, moving on with your head held high is the best decision. If you want to accept his friendship, that is completely fine. But if that's too much for you, you can always decline it. I understand that working in the same space with an ex is difficult, but as long as you avoid interacting outside of the office and keep things professional, there should not be an issue. On the emotional front, I won't lie, it will hurt for a while. But this too shall pass. I strongly recommend you not to value yourself so low that you stop believing that you deserve a person who loves you back as much as you love him.

Best Wishes.

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Asked by Anonymous - May 13, 2024Hindi

Money

I am 25 and earning 41k a month. My monthly expenses are 19k and I save around 22k a month. I have started investing in mutual funds and investing 12k/month. My financial goal is to have a corpus of 4-5 Cr at the time of my retirement. Would like to retire at 55. Should I consider investing in NPS? Please advise.

Ans: Increase your SIP in mutual funds as with current investment of SIP you will be able to make 2.25 to 2.5 crore

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Question by Shambhu - May 13, 2024Hindi

Money

I am 45 yrs old .i hv started investing in Mutual fund through Sip approx month 2.4lakh since last 6 month. I hv plan to keep investing for next 3 yrs in same pattern and subject to availability of fund remaining I can continue further for next 5 yrs . Following are investment UTI nifty 200 momentum 30 index - 50 k Nippon nifty 250 small cap index fund -25k ICICI prudential mid cap 150 index fund-20 k HDFC s&p Sensex index fund-20 k Aditya Birla psu equity fund-20 k Motilal Oswal mid cap fund-20k HDFC infrastructure fund-20 k HDFC large and mid cap fund-10 k Quant small cap-10k Nippon small cap -10 k Parag flexi cap- 10 k Mahendra manulife multicap- 10 k Sbi contra fund-10 k Please advise on my fund selection and suggest which plan to to be removed or amend with new plan suggested from you

Ans: Your funds are good

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Asked by Anonymous - May 13, 2024Hindi

Money

Dear All, I am 34 years old. I have 204 lakhs as savings out of with 110 lakhs is debt and 95 lakhs in equity majorly in Large Caps. I own a real estate which fetches me 30k every month. I have a EPF corpus of 28 lakhs and PPF of 15 lakh. I have 1 year old daughter. I am debt free with independent home and a package close to 35 lakhs. I want to know how do I further allocate the money. In Mutual Fund, Gold or SSY or continue to add equity and debt. I want to be Financially independent. Your view would be of great help.

Ans: Increase your allocation in equity or equity mutual fund as you are too young and your goals are long term.

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Asked by Anonymous - May 14, 2024Hindi

Money

I am 30 years old now . Planning to retire early in next 10 years.I don't have any pension flowing in. What will be the corpus required to achieve 1 lakh per month in SWP method. Without reducing the corpus accumulated?

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Asked by Anonymous - May 14, 2024Hindi

Money

I'm a 36 Year-old parent with two children aged 2 and 3, prioritizing their education and marriage. Mutual Fund - All in monthly SIP (with yearly 10% increase) Mirae Large and midcap - 5500 SBI smallcap - 6500 ICICI value Discovery - 4000 Quant Active Fund - 4000 Motilal microcap - 1000 Axis Gold fund - 4000 (just started) Current MF value - 13.50 Lakhs (incl XXIR - 20%) LIC - 1,00,000 per year (15 years term) already 5 years over. Expectations: Next 15 years, both kids education - 2 cr. Next 20 years, both kids marriage - 2 cr. Could you review my portfolio, if I'm on the right track to achieve 4 crore.

Ans: Your funds are good but you may not reach to your goal of 4 crores

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Question by Vaibhav - May 15, 2024Hindi

Money

Dear Sir, I have revisited my investments and found that some of them are not performing well with respect to their peers in their categories. Can I know your opinion on below funds - HSBC Aggressive Hybrid Fund, Adity Birla Sun Life Focused Fund, Canara Robeco Emerging Equities, SBI bluechip Fund. Should I keep my money invested in them, or should I move the money to better funds.

Ans: What is your age

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Asked by Anonymous - May 15, 2024Hindi

Money

Age - 43years, Own house - Value around 50 Lacs, MF investments - 35 Lacs, Equity SIPs running - 20k, FDs - Emergency fund (5 Lacs), Salary - 30 Lacs p.a., I would like to buy house of 2 crore in next 2-3 years.. when should I sell my current house which is valuing around 50 Lacs to have limited tax liability.

Ans: In the year of buying new house

Sunil Lala |190 Answers |Ask -Follow

Financial Planner - Answered on May 16, 2024

Asked by Anonymous - May 15, 2024Hindi

Money

Hello sir, I am 33 years old and started my SIP one month ago with ?4,200/month invested in the following funds: SBI Contra Direct Plan Growth, HDFC Mid Cap Opportunities Direct Plan, Tata Equity P/E Fund, Quant ELSS Tax Saver, ICICI Prudential Equity & Debt Fund, HDFC Small Cap Fund, and Nippon India Large & Small Cap Fund. Can this portfolio get me ?2 crore return after 20 years? Also have plans later can add parag flexi, and quant mid cap.

Ans: Your SIP is 4200/- ?

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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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