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Sanjeev Govila | Answer |Ask -Follow

Financial Planner - Answered on Feb 05, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Asked by Anonymous - Jan 29, 2024Hindi

Money

I have 10 crores from selling a property .iwe are senior citizens .we want invest in good fixed deposit to get good monthly income or in govt bonds to get monthly income pl suggest

Ans: To have a regular income by investing a corpus of Rs. 10 crores, diversified investment options need to be considered so that your risk appetite is considered while maintaining the regular inflows. Investment in bonds and FDs will not be sufficient to cater to your needs as diversified investment options enable us to generate inflation-beating returns.

You can explore other options as well such as the Senior Citizen Savings Scheme, and Monthly Income Scheme (MIS) offered by the government. Furthermore, you can also invest in mutual funds and opt for a SWP (Systematic Withdrawal Plan) which provides regular inflows.

Remember, there's no one-size-fits-all solution. Carefully assess your needs and consult a financial advisor before making any investment decisions.

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 |7148 Answers |Ask -Follow

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

Question by Ramakrishna - Jun 01, 2024Hindi

Money

Sir I am 56 years old,having agricultural land 80 L, 2BhkFlat 40L with 10 L loan amount left,other open flats worth 1.2 Cr,Small shops with monthly rental income of 15K. PF 10 L & FD of 20 L. I am still in service with 16 Lpa salary income. Eish to start investments to get 1.5 L per month regular income Post retirement after age of 60. Pl suggest for regular income options by investing suitably in MF,EQUITIES FD's etc as my i am having more fixed assets rather than liquid funds . Pl suggedt for good investments for reqular monthly income post retirement.

Ans: Assessing Your Financial Situation
At 56 years old, planning for a regular post-retirement income is wise. Your current financial assets include agricultural land, real estate, provident fund (PF), fixed deposits (FDs), and a rental income from small shops. Let's delve into your assets and how you can strategically invest to achieve a regular income of Rs 1.5 lakhs per month post-retirement.

Current Assets Overview
Agricultural Land: Rs 80 lakhs
2BHK Flat: Rs 40 lakhs (with Rs 10 lakh loan remaining)
Other Flats: Rs 1.2 crore
Rental Income from Shops: Rs 15,000 per month
Provident Fund (PF): Rs 10 lakhs
Fixed Deposits (FDs): Rs 20 lakhs
Salary Income: Rs 16 lakhs per annum
Goal Setting and Financial Planning
Retirement Income Goal
Your goal is to generate Rs 1.5 lakhs per month post-retirement. This translates to Rs 18 lakhs per year. Considering inflation and other factors, you need a well-structured plan.

Liquidating Non-Performing Assets
Your current portfolio is more focused on fixed assets. Liquidating some of these assets can help create a diversified investment portfolio. Consider selling one of your open flats to increase your liquid funds.

Investment Strategy for Regular Income
Systematic Investment Plan (SIP)
Investing in mutual funds through SIPs can provide regular income and potential capital appreciation. You can start investing now to build a substantial corpus by the time you retire.

Balanced Mutual Funds
Balanced mutual funds invest in a mix of equity and debt. They provide a balanced approach to growth and income. These funds can generate regular dividends, adding to your monthly income post-retirement.

Debt Mutual Funds
Debt funds are less volatile and provide steady returns. They are ideal for generating regular income. You can allocate a portion of your investments to debt funds for stability.

Detailed Investment Plan
Step 1: Liquidating Assets
Sell One Flat: Consider selling one of your flats worth Rs 1.2 crore. This will give you substantial liquid funds to invest.
Repay the Loan: Use Rs 10 lakhs from the sale proceeds to repay the outstanding loan on your 2BHK flat.
Step 2: Creating an Investment Portfolio
Emergency Fund: Set aside Rs 10 lakhs in a high-interest savings account or liquid fund. This will cover unforeseen expenses and emergencies.

Equity Mutual Funds: Allocate Rs 50 lakhs to equity mutual funds. These funds can provide high returns over the long term. Choose diversified equity funds for better risk management.

Debt Mutual Funds: Invest Rs 30 lakhs in debt mutual funds. These funds will offer stability and regular income through interest payments.

Balanced Funds: Allocate Rs 20 lakhs to balanced mutual funds. These funds offer a mix of equity and debt, providing growth potential and income.

Fixed Deposits (FDs): Keep your existing Rs 20 lakhs in FDs. These will provide guaranteed returns and add to your regular income.

Calculating Expected Returns
Equity Mutual Funds
Assuming an average annual return of 12%, the Rs 50 lakhs invested in equity mutual funds can grow significantly over time. Using the compound interest formula, you can estimate the corpus at retirement.

Debt Mutual Funds
Debt funds typically offer returns between 6-8%. Investing Rs 30 lakhs in debt funds will provide regular interest income. This can be reinvested or used for monthly expenses.

Balanced Funds
Balanced funds can offer returns between 8-10%. The Rs 20 lakhs invested here will provide a blend of growth and income.

Generating Monthly Income Post-Retirement
Systematic Withdrawal Plan (SWP)
An SWP allows you to withdraw a fixed amount from your mutual fund investments regularly. This can be set up to provide monthly income post-retirement.

Dividend Income
Mutual funds and stocks can provide regular dividend income. Investing in funds that pay regular dividends can add to your monthly income.

Importance of Regular Monitoring and Rebalancing
Annual Portfolio Review
Review your portfolio at least once a year. This ensures your investments are performing as expected and are aligned with your goals.

Rebalancing
Market conditions can affect your portfolio allocation. Rebalancing helps maintain the desired mix of equity and debt, ensuring optimal returns and risk management.

Tax Implications
Capital Gains Tax
Long-term capital gains (LTCG) from equity funds (held for over a year) are taxed at 10% if they exceed Rs 1 lakh in a financial year. Short-term capital gains (STCG) are taxed at 15%.

Dividend Distribution Tax (DDT)
Dividends from mutual funds are subject to DDT. Understanding tax implications helps in planning withdrawals and investments efficiently.

Building a Robust Financial Plan
Insurance
Ensure you have adequate health and life insurance coverage. This protects you and your family from financial burdens due to unforeseen events.

Retirement Planning Beyond Investments
Consider other aspects like hobbies, travel, and healthcare needs in your retirement plan. A holistic approach ensures a comfortable and fulfilling retirement.

Consulting with a Certified Financial Planner (CFP)
Professional Guidance
Consulting a Certified Financial Planner provides personalized guidance. A CFP can help tailor your investment strategy to your specific needs and goals.

Benefits of Professional Advice
Professional advice ensures informed decisions, optimal asset allocation, and effective risk management. A CFP helps navigate the complexities of retirement planning.

Conclusion
Planning for a regular income post-retirement involves strategic investment choices. Liquidating some fixed assets to invest in mutual funds, debt funds, and fixed deposits can help achieve your goal of Rs 1.5 lakhs per month. Regular monitoring, rebalancing, and consulting with a Certified Financial Planner will ensure you stay on track. With disciplined investing and a well-structured plan, you can enjoy a financially secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jun 04, 2024

Question by Supratim - Jun 04, 2024Hindi

Money

Hello Sir, I am 33 years old. I want to retire after 10 years. My monthly salary is 85k now. I want to generate a fixed income of rupees 1.2 lakh per month.What would be the best option to invest. I am having 18 lakh in ppf as of now. I invest yearly 1.5 lakh.and mutual fund of about 10 lakh

Ans: Early Retirement Dreams: Planning for Your Future Lifestyle
Retiring at 43 with a fixed monthly income of Rs. 1.2 lakh is an ambitious goal, and it requires careful planning. Let's explore some key points to consider:

Understanding Your Target:

Early Retirement: Retiring at 43 means you'll have a longer retirement period than usual. You'll need a larger corpus to generate your desired income.

Monthly Income: A fixed income of Rs. 1.2 lakh per month translates to Rs. 1.44 lakh per year (considering 12 months).

Let's Do the Math (Estimates):

Investment Corpus: To generate Rs. 1.44 lakh yearly income, assuming an 8% return (considering inflation), you'd need a corpus of around Rs. 1.8 crore (corpus amount = annual income desired / return rate).
Your Current Savings:

PPF: Your existing Rs. 18 lakh in PPF and yearly contributions of Rs. 1.5 lakh are good! PPF offers guaranteed returns and tax benefits.

Mutual Funds: Your Rs. 10 lakh in mutual funds is also a positive step towards building your corpus.

Planning the Gap:

There's a gap between your current savings and the target corpus (Rs. 1.8 crore - your existing savings). Let's explore ways to bridge this gap:

Increase Investments: Consider increasing your monthly mutual fund investments based on your budget. A CFP can help you determine a suitable amount.

Investment Time Horizon: You have 10 years until your desired retirement. This allows for aggressive investment options, but also carries more risk.

Investment Options:

Actively Managed Equity Funds: These funds have fund managers who try to outperform the market by picking promising stocks. They have the potential for higher returns than passively managed options but also involve higher risk.

Debt Funds: Consider including some debt funds in your portfolio to balance the risk. Debt funds offer lower potential returns but also lower risk.

Remember: Actively managed funds can outperform the market but also carry more risk. A CFP can help you choose the right mix of funds based on your risk tolerance.

A CFP Can Help:

A Certified Financial Planner (CFP) can create a personalized plan for you. They can:

Analyze Your Risk Tolerance: Are you comfortable with potential market fluctuations? A higher risk tolerance allows for potentially higher returns through aggressive investments.

Create an Investment Strategy: A CFP can recommend a mix of actively managed equity and debt funds to balance risk and growth potential.

Factor in Inflation: Inflation reduces the purchasing power of money. A CFP will consider inflation to ensure your retirement corpus meets your future needs.

Beyond Investments:

Here are some additional strategies to consider:

Employer Benefits: Explore maximizing tax-saving options offered by your employer (if applicable).

Review Expenses: Can you identify areas to cut back on your current expenses? Saving more now allows for a larger corpus later.

Early Retirement Considerations:

Retiring early means losing out on potential future income growth. Healthcare costs may also rise in your retirement years. A CFP can help you consider these factors.

Taking Charge of Your Future:

Retiring early is a dream, and with careful planning and professional guidance, it can be achieved. Actively managed funds can be a powerful tool for growth, but remember, they also carry risk. Consulting a CFP can help you navigate your options and make informed investment decisions to secure your desired lifestyle in retirement.

Don't wait! Schedule a consultation with a CFP to get started on your early retirement journey.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Question by Ashish - Nov 09, 2024Hindi

Money

In what manner one can invest the lumpsum amount of his/her retirement corpus, withdraw money on monthly basis through a SWP and also ensure the optimum growth of the corpus despite the withdrwal. For example the corpus is 10000000, monthly amount required to be withdrawn through SWP is 80000, period of investment of the said corpus is 15 years, amount required after 15 years in 30000000. Is it possible?

Ans: Retirement is a time when steady cash flow and capital growth are equally essential. The goal is to withdraw Rs 80,000 monthly through SWP, sustain the corpus of Rs 1 crore for 15 years, and grow it to Rs 3 crore. Achieving this requires strategic planning and disciplined investment.

1. Balancing Withdrawals and Growth
Avoid Depleting the Corpus: Withdrawals should be carefully planned to allow the remaining corpus to grow. This ensures sustainability over 15 years.

Optimal Withdrawal Rate: Withdrawing Rs 80,000 monthly translates to Rs 9.6 lakh annually. This is 9.6% of the Rs 1 crore corpus. Ensuring the corpus grows at a rate higher than the withdrawal is crucial.

2. Investment Strategy for the Corpus
Diversified Portfolio: Allocate the corpus across equity mutual funds, debt funds, and hybrid funds. This balances growth potential and stability.

Equity Funds for Growth: Invest a significant portion in equity mutual funds for long-term capital appreciation. These funds have historically delivered returns that outpace inflation over a 10-15 year period.

Debt Funds for Stability: Allocate a portion to debt mutual funds for steady returns and reduced risk. This segment safeguards the portfolio during market downturns.

Hybrid Funds for Balance: Hybrid funds combine equity and debt, offering a mix of growth and stability. They are suitable for moderate-risk investors and reduce overall volatility.

3. Implementation of Systematic Withdrawal Plan (SWP)
Steady Monthly Income: SWP allows you to withdraw Rs 80,000 monthly while keeping the rest of the corpus invested.

Avoid Tax Inefficiencies: With SWP, only the capital gains portion of the withdrawal is taxed. This minimises the tax burden compared to withdrawing the entire amount at once.

Review and Adjust: Periodically review the withdrawal amount and portfolio performance. If returns fall below expectations, reduce withdrawals temporarily to preserve capital.

4. Achieving Rs 3 Crore Corpus in 15 Years
Reinvestment of Surplus Returns: When the portfolio earns returns above the withdrawal amount, reinvest the surplus. This enhances compounding and supports long-term growth.

Higher Equity Allocation Initially: In the initial years, allocate a larger portion to equities. As you approach the 15-year mark, gradually shift to safer debt instruments to protect the accumulated corpus.

Avoid Over-Reliance on Fixed Income: Relying heavily on fixed-income options may not yield the desired growth. Equity exposure is essential to achieve the Rs 3 crore target.

5. Tax Considerations
Equity Mutual Fund Taxation: LTCG above Rs 1.25 lakh is taxed at 12.5%. STCG is taxed at 20%. To minimise tax, hold equity investments for over a year before withdrawals.

Debt Mutual Fund Taxation: Gains from debt funds are taxed as per your income tax slab. Proper planning ensures tax efficiency and maximises post-tax returns.

6. Role of a Certified Financial Planner
Portfolio Customisation: A CFP can design a tailored portfolio that matches your withdrawal needs and growth objectives.

Regular Monitoring: Markets fluctuate, and performance needs tracking. A CFP ensures the portfolio stays aligned with your goals.

Tax Planning: A CFP helps optimise tax liability through tax-efficient fund selection and SWP strategies.

Final Insights
It is possible to withdraw Rs 80,000 monthly, maintain the Rs 1 crore corpus, and grow it to Rs 3 crore in 15 years. This requires disciplined investing in a diversified portfolio, a well-executed SWP, and consistent reviews. Equity exposure drives growth, while debt stabilises the portfolio. Work with a Certified Financial Planner for tailored advice and ongoing support to achieve these goals seamlessly.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Asked by Anonymous - Nov 05, 2024Hindi

Money

I am 29 years old and working in a steel plant. I got 43,000 per month in hand as my salary. I have mutual funds of 10,500 in 5 different AMC and one recurring deposit of 3000. What should I do if I want to save more? Please advice

Ans: At 29, you are in a good position to build a solid financial future. You have already taken positive steps by investing in mutual funds and maintaining a recurring deposit. Your income of Rs 43,000 per month provides a reasonable base for systematic savings and investments. Let us assess and streamline your financial plan for better efficiency and results.

Key Financial Considerations
Emergency Fund:
Maintain an emergency fund of 6 months' expenses. This fund should be in a liquid asset, such as a savings account or liquid mutual fund. It will help manage unexpected expenses without disturbing your investments.

Existing Investments:
Your mutual fund SIPs of Rs 10,500 across five AMCs may lack focus. Investing in too many schemes may dilute returns and create portfolio overlap. Consolidate to a few quality schemes managed by experienced fund managers.

Recurring Deposit:
While RDs are safe, they offer limited growth potential compared to mutual funds. Evaluate the purpose of this RD. If it's not meant for short-term goals, consider redirecting it into equity or hybrid funds for higher returns over time.

Setting Clear Financial Goals
Define your short-term (1–3 years), medium-term (3–7 years), and long-term goals (7+ years).
Short-term goals can be handled using debt funds or fixed-income options.
For medium-term goals, hybrid funds are suitable.
Long-term goals like retirement or wealth creation need equity exposure for growth.
Steps to Save and Invest More
Budgeting:
Track your monthly expenses. Allocate your salary to needs (50%), savings (30%), and wants (20%). Identify areas to cut discretionary spending and save more.

Increase SIP Amounts:
Gradually increase your SIP contributions as your income grows. This ensures consistent progress toward your financial goals.

Life Insurance Check:
If you have LIC policies, ULIPs, or investment-cum-insurance plans, evaluate their returns and coverage. These products often underperform. Consider surrendering and reinvesting in mutual funds for better growth, and ensure adequate life coverage through a term insurance policy.

Retirement Planning:
Start investing for retirement early. Use equity funds for long-term growth. Small contributions now will compound into a substantial corpus by retirement.

Tax Planning
Mutual Fund Taxation:
Be mindful of new tax rules. Equity funds incur 12.5% LTCG tax for gains above Rs 1.25 lakh annually. Debt funds are taxed as per your slab. This may affect your fund selection.

Use 80C Deductions:
Invest in instruments like ELSS mutual funds or PPF to reduce taxable income. ELSS provides both tax savings and market-linked returns.

Importance of Diversified and Active Management
Actively Managed Funds:
Avoid index funds. Actively managed funds have the potential for higher returns. Experienced fund managers use expertise to outperform benchmarks.

Avoid Direct Funds:
Direct funds require regular monitoring and expertise. Instead, invest through an MFD guided by a Certified Financial Planner for better advice and service.

Enhancing Your Financial Strategy
Health Insurance:
Secure your finances with a health insurance plan to cover medical emergencies. It prevents unexpected expenses from derailing your savings.

Skill Development:
Invest in yourself by upgrading your skills. Career growth increases earning potential and helps allocate more to savings.

Debt Management:
If you have loans, prioritize clearing high-interest ones. Avoid unnecessary liabilities that eat into your disposable income.

Periodic Review and Monitoring
Review your investments regularly to ensure they align with your goals. Rebalance your portfolio based on performance and market conditions.

Consult a Certified Financial Planner for guidance. Professional advice ensures your financial decisions are well-informed and goal-oriented.

Final Insights
Your current investments show a good start. With better planning, you can save more effectively and achieve your goals. Streamline your mutual funds, build an emergency fund, and focus on long-term wealth creation. Regular monitoring and discipline will keep you on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Question by Abhijit - Nov 19, 2024Hindi

Money

I am 35 yrs old , my MF mothly sip 18k . portfolio containing -- *parag parikh felxicap cap fund(5500) * Motilal oswal mid cap fund(5500) * Axis gold fund,(3000) * Icici prudential nasdaq 100 index fund(4000) I want to add some more Fund for portfolio diversification . Please guide me for divercificatin.. 10to 15 yr view.

Ans: Your current SIP portfolio is a good mix of equity and gold. Here’s a breakdown of your existing funds:

Parag Parikh Flexi Cap Fund (Rs 5,500): This is a diversified equity fund with an active management style. It has the potential to generate good long-term returns by investing across sectors. This is an excellent fund choice for long-term growth.

Motilal Oswal Mid Cap Fund (Rs 5,500): Mid-cap funds offer growth potential but also come with higher volatility. This fund adds a balance between risk and growth potential, which is good for a long-term investor.

Axis Gold Fund (Rs 3,000): Gold is a good hedge against inflation and market downturns. The allocation to gold provides stability to the portfolio during uncertain market conditions.

ICICI Prudential NASDAQ 100 Index Fund (Rs 4,000): While index funds are popular for their low-cost structure, they have certain disadvantages. They only track market performance and do not have the flexibility to outperform through active stock selection. Actively managed funds, however, can outperform the index, especially in volatile markets. I suggest focusing more on actively managed funds.

Need for Diversification
Given your long-term horizon of 10–15 years, it's critical to have a diversified portfolio to minimize risks and maximize returns. Let’s explore areas where you can diversify:

1. Increase Exposure to Sectoral Funds
Healthcare or Pharma Funds: The healthcare sector in India is expected to grow significantly. Investing in healthcare funds can provide long-term growth potential.

Consumption Funds: These funds invest in companies that benefit from increasing consumer demand. As India’s middle class expands, these funds are likely to grow.

Infrastructure Funds: Infrastructure is an essential part of India’s development. Over the next 10–15 years, infrastructure funds may provide good returns.

Technology Funds: While you already have exposure to the NASDAQ 100 Index, you may want to invest in actively managed technology funds. These funds can outperform the broader market by focusing on high-growth technology stocks.

2. Add Exposure to Small-Cap and Large-Cap Funds
Small-Cap Funds: Small-cap funds have the potential for high returns but come with increased risk. Adding small-cap funds can further diversify your equity exposure.

Large-Cap Funds: Large-cap funds provide stability and less volatility. They can be added to reduce risk, especially during market downturns.

Flexi-Cap Funds: These funds invest in companies across market caps, giving you the flexibility to participate in growth across the market. They also help manage risk as they don’t rely on just one segment of the market.

3. Diversification with International Funds
Global Funds: Your exposure to NASDAQ 100 gives you some international exposure. But for broader diversification, you can invest in funds that focus on emerging markets or global markets outside the US.

Emerging Markets Funds: Emerging markets like China, Brazil, and Southeast Asia may offer higher growth compared to developed markets. These funds will provide additional diversification.

4. Adding Fixed Income Funds for Stability
Debt Funds: Adding a small percentage of debt funds to your portfolio can offer stability. Debt funds help protect your portfolio from large equity market swings.

Dynamic Bond Funds: These funds can invest in both short-term and long-term debt instruments. They are more flexible and can adapt to changing interest rate conditions.

Corporate Bond Funds: For higher yields, you could consider corporate bond funds. These funds invest in debt instruments of companies, offering a higher return but with more risk than government bonds.

5. Rebalancing the Portfolio Periodically
Rebalancing your portfolio is key to maintaining the desired risk-return profile. With time, certain funds may outperform others, leading to changes in your overall portfolio composition.

Review Your Asset Allocation: Over time, your equity exposure may grow faster than desired, increasing risk. Regularly review and adjust the portfolio to stay in line with your goals.

Stay Consistent with SIP: Continue your SIPs without interruption. You may consider increasing the SIP amount periodically as your income grows.

6. Investment Horizon and Risk Tolerance
Since your horizon is long-term (10–15 years), you can afford to take higher risks in the early years. However, as you approach your target amount, consider becoming more conservative with a higher allocation to debt and large-cap funds.

Final Insights
To diversify your portfolio, consider adding sectoral, small-cap, and international funds. A mix of large-cap and flexi-cap funds will give you stability and growth. Diversifying with fixed-income funds like debt funds or bond funds can offer protection during market downturns.

Make sure to periodically rebalance the portfolio to ensure your asset allocation remains aligned with your goals. Focus on actively managed funds rather than index funds for better growth and performance.

By diversifying across different sectors and asset classes, you’ll be better positioned to reach your long-term financial goals with an optimal risk-reward balance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Asked by Anonymous - Nov 12, 2024Hindi

Money

I have existing mutual fund investments of about Rs 17.1 lakhs with following breakup based on current value of investments: Equity - 61.2% Debt - 32.7% Gold - 6.1% In Equity investments following is the break-up as per current value of investment: International (US Blue ship fund, Nasdaq 100 FOF) - 6.3% Large cap (bluechip + Nifty 50 Index + Nifty Next 50 Index) - 35% Midcap (Midcap + Midcap 150 Index) - 31% Small cap (Smallcap + Smallcap 120 Index) - 27.7% I already have investments in PF (18 lakhs), NPS (4.5 lakhs) and other investments to take care of my other financial goals like children education and marriage. I also have sufficient life insurance, health insurance coverage and have corpus in bank FD for 4 months expenses. I am receiving a lumpsum money of about Rs 15 lakhs. I want to invest the same in mutual funds. Considering current market situations, what should be my investment strategy, portfolio allocation etc? These mutual fund investments - existing 17 lakhs and upcoming 15 lakhs are for my retirement goal which is 18 years from now. I am comfortable with aggressive investment strategies. My current monthly expenses are 75,000 per month and I do SIP of 25,000 per month.

Ans: Assessing Your Current Portfolio
Your existing portfolio demonstrates good diversification across asset classes: equity, debt, and gold.

Equity investments are well spread among large-cap, mid-cap, small-cap, and international funds. This allocation aligns with an aggressive investment approach.

Your PF, NPS, and FD provide a stable safety net, showing thoughtful financial planning.

Regular SIPs of Rs. 25,000 per month reflect disciplined investment habits.

Your sufficient life and health insurance coverage highlights a prudent risk management strategy.

Analysing Your Financial Goal
Your retirement goal is 18 years away, allowing for a long-term investment horizon.

An aggressive approach is suitable given your comfort level with higher risk and long-term perspective.

Lumpsum investments should complement your existing SIPs and align with your asset allocation.

Recommended Portfolio Allocation for Lumpsum Investment
Equity Allocation (70-75%): Focus on diversified equity funds. Prioritise mid-cap and small-cap categories for higher growth potential.

Debt Allocation (20-25%): Include a mix of hybrid funds and dynamic bond funds for stability and risk moderation.

Gold Allocation (5-10%): Continue to hold a small portion in gold for diversification and inflation hedge.

Strategy for Equity Investments
Reduce Overlap: Avoid funds that replicate the same indices or sectors. This ensures diversification across industries and geographies.

Actively Managed Funds: Actively managed funds outperform index funds over long periods due to their ability to pick quality stocks.

Minimise International Exposure: Limit international funds to 10% of your equity allocation due to currency risks and higher volatility.

Strategy for Debt Investments
Dynamic Bond Funds: These adjust to interest rate cycles and provide better returns than fixed-income instruments.

Hybrid Funds: Balances equity growth and debt stability, reducing volatility over time.

Short-Term Debt Funds: Ideal for a portion of the allocation to ensure liquidity if needed.

Why Prefer Regular Mutual Funds Over Direct Funds
Regular funds offer guidance through certified mutual fund distributors (MFDs) and certified financial planners (CFPs).

Expert advice ensures better alignment with your goals and provides clarity during volatile market phases.

A CFP’s personalised service often outweighs the cost difference with direct funds.

Taxation Considerations
Long-term capital gains (LTCG) above Rs 1.25 lakh on equity funds are taxed at 12.5%.

Short-term capital gains (STCG) on equity funds attract a 20% tax.

Debt funds are taxed as per your income tax slab.

Efficient tax planning can optimise returns over your investment horizon.

Strategy to Manage Market Volatility
Systematic Transfer Plan (STP): Invest your Rs. 15 lakhs into a liquid fund and transfer monthly to equity funds. This reduces timing risks in a volatile market.

Rebalancing: Review your portfolio annually to realign with your target allocation.

Avoid Emotional Decisions: Stay focused on your long-term goals rather than reacting to short-term market fluctuations.

Building a Comprehensive Retirement Plan
Continue your SIP of Rs. 25,000 per month and increase by 10% annually.

Align your investments to achieve inflation-adjusted corpus for your retirement.

Keep your emergency fund updated to cover six months of expenses.

Periodically review and adjust your life and health insurance coverage.

Avoid Common Investment Pitfalls
Over-diversification: Too many funds dilute returns. Keep the number of schemes manageable.

Ignoring Inflation: Factor inflation into your corpus target.

Neglecting Rebalancing: Rebalancing ensures the portfolio stays aligned with risk tolerance and goals.

Final Insights
Your financial discipline and well-rounded portfolio are commendable.

With systematic planning and aggressive strategies, you can achieve your retirement corpus comfortably.

Diversify thoughtfully, review regularly, and focus on quality investments to maximise returns.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Asked by Anonymous - Nov 06, 2024Hindi

Money

My father in law wants to sell a property of 76 lakhs and the buyer is ready to show 40 lakhs as white and remaining 36 lakhs as black due to Chennai govt limitations. So how he can diversify this 36 lakhs in different account no. and others to make it white ? Because I am employed in MNC and husband is searching for job.

Ans: It is important to deal only with accounted, legal transactions. Receiving or handling unaccounted money (black money) is illegal under Indian law and can lead to severe penalties. To ensure compliance with the law:

Full White Transaction: Your father-in-law should insist on a full white transaction for the property sale. This ensures transparency, legality, and avoids future scrutiny from tax authorities.

Pay Capital Gains Tax: If the property is sold fully in white, any capital gains arising from the sale will need to be reported, and applicable taxes paid. He can also claim exemptions under Sections 54 or 54EC by reinvesting the gains in eligible options like another residential property or specified bonds.

Consult a Chartered Accountant (CA): A CA can guide on tax planning, reporting the transaction, and utilising exemptions to minimise tax liability.

Avoid Structuring Unaccounted Money: Splitting unaccounted money into multiple accounts or investments to bypass tax laws is illegal and can attract serious consequences.

Encourage transparency and legality in financial dealings to ensure peace of mind and avoid complications with authorities.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Question by Gaurav - Oct 17, 2024Hindi

Money

Hello Sir, I am going to receive sum of 1 Cr in coming months which I want to invest in equities through PMS or AIF. Since minimum investment for PMS is 50 lakh and for AIF 1 Cr. Should I invest in 2 PMS of different strategies or 1 AIF?

Ans: Receiving Rs 1 crore for investment is an excellent opportunity. Diversifying your portfolio can enhance potential returns while managing risks. Below is a comprehensive analysis of investing in Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs).

Understanding PMS and AIF
Portfolio Management Services (PMS):
PMS provides customised equity portfolios managed by professional portfolio managers. The minimum investment is Rs 50 lakh, allowing investors to personalise strategies.

Alternative Investment Funds (AIFs):
AIFs pool funds from investors to invest in various asset classes, such as equities, private equity, or structured debt. A minimum investment of Rs 1 crore is required.

Both options cater to high-net-worth individuals and offer sophisticated strategies.

Comparative Analysis of PMS and AIF
PMS Advantages
Customisation: Tailored strategies to suit individual risk profiles and objectives.

Transparency: Direct holding of stocks in the investor's demat account ensures visibility.

Flexibility: Easy to monitor and switch strategies within the PMS framework.

AIF Advantages
Diverse Strategies: Offers access to unique investment themes and asset classes unavailable in traditional portfolios.

Professional Expertise: Managed by experienced teams using advanced research and techniques.

Potentially Higher Returns: Targets absolute returns, often uncorrelated to the broader markets.

PMS Limitations
Concentration Risk: Limited to equity-focused investments, potentially leading to higher volatility.

Higher Costs: Management fees, performance-linked fees, and transaction charges can reduce returns.

AIF Limitations
Liquidity Constraints: Investments are typically locked for a fixed tenure, reducing flexibility.

Complex Structures: Strategies may be intricate and difficult to understand for many investors.

Taxation Challenges: Income generated is taxed as per the fund’s structure, potentially reducing post-tax returns.

Investment Strategy: 2 PMS or 1 AIF?
Choosing 2 PMS Strategies
Diversification Within Equity: Select different PMS providers offering varied investment philosophies. For example, one can focus on growth stocks and the other on value investing.

Greater Control: You can monitor and rebalance each PMS portfolio individually.

Flexibility: Exit options are relatively simpler, allowing quicker adaptation to market changes.

Choosing 1 AIF
Broader Asset Diversification: AIFs often provide access to non-traditional assets, which can diversify risks.

Simpler Management: Managing a single AIF portfolio may be easier than coordinating two PMS accounts.

Innovative Strategies: AIFs may invest in pre-IPO opportunities or hybrid models, offering unique growth avenues.

Assessing Risk Appetite and Investment Horizon
Short-Term Goals (1-5 years): PMS is better suited, given its flexibility and liquidity.

Long-Term Goals (5+ years): AIFs could outperform due to their sophisticated strategies and compounding benefits.

Risk Tolerance: If you can handle high volatility, PMS focusing on equities works well. If you prefer risk-mitigated returns, AIFs may be better.

Tax Implications
PMS Taxation: Gains from PMS investments are taxed as per individual capital gains rules. Long-term capital gains (LTCG) on equities exceeding Rs 1.25 lakh attract 12.5% tax. Short-term capital gains (STCG) are taxed at 20%.

AIF Taxation: Tax treatment depends on the fund structure. Income could be taxed at the fund level or passed through to investors, affecting post-tax returns.

Cost Considerations
PMS Costs: Higher management fees and potential performance-linked fees reduce effective returns.

AIF Costs: Typically, AIFs charge even higher management and administrative fees, especially for niche strategies.

Both options require careful assessment of costs versus potential returns.

Recommendations
If Liquidity is Crucial: Opt for 2 PMS accounts with varied strategies.

If You Seek Innovation: Choose 1 AIF to explore unique and diverse investment opportunities.

Balanced Approach: Split Rs 1 crore between 2 PMS accounts, provided both align with your financial goals.

Final Insights
Evaluate PMS and AIFs based on your financial objectives, risk appetite, and time horizon. Consult with a Certified Financial Planner to design a comprehensive strategy. Ensure your portfolio aligns with your broader financial plan.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Asked by Anonymous - Oct 15, 2024Hindi

Money

My mother is investing 15k monthly through SIP. She's already got a job and files ITR. Does she needs to file an ITR for her investment if she is thinking to keep investing for 20 years without withdrawing till 20th yesr

Ans: Your mother’s SIP investments and her existing ITR filing bring up important considerations. Let’s understand the tax rules and implications clearly.

1. Filing ITR for Investment Income
If there is no withdrawal from the mutual funds, there is no taxable income.

Mutual fund taxation is only triggered when there is a redemption or withdrawal.

Since she plans to invest for 20 years without withdrawing, no tax will be payable during this time.

2. Tax Implications Upon Redemption
Equity Mutual Funds
Gains after 20 years will be considered long-term capital gains (LTCG).

LTCG above Rs 1.25 lakhs annually will be taxed at 12.5%.

Debt Mutual Funds
If investing in debt mutual funds, the gains will be taxed as per her income tax slab.
3. Continuing ITR Filing for Income
As she already has a job and files ITR, she must continue filing for salary income.

The mutual fund investments themselves do not require separate ITR filing unless redeemed.

Any dividend received from mutual funds, if applicable, must be declared as income.

4. Staying Tax-Ready for 20 Years
Keep Investment Proofs Organised
Maintain records of all SIP transactions, including investment statements.

This will help calculate capital gains easily at redemption time.

Monitor Tax Rules Periodically
Tax laws may change in 20 years. Stay updated on rules applicable to mutual funds.

Consult a Certified Financial Planner periodically to optimise tax planning.

Strategise Withdrawals Smartly
Plan partial withdrawals, if needed, to utilise the Rs 1.25 lakh LTCG exemption annually.
5. Best Practices for Long-Term SIP Investors
Rebalance the portfolio every 2–3 years to align with goals and market conditions.

Avoid over-diversification in too many funds. Focus on quality funds managed actively.

Track the performance of funds regularly to ensure they align with growth expectations.

Final Insights
Your mother doesn’t need to file an ITR specifically for SIP investments unless she redeems. However, maintaining clear records and staying informed will make her financial journey smooth. With consistent SIPs and disciplined tax management, she is on track to build substantial wealth over 20 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Question by AV - Nov 21, 2024Hindi

Money

Sir, My son is Architect by profession, having own firm since 10 years. His turnover is 80 l last year. His monthly recurring expenses are 2 l per month, which includes car loan, odd loan, salaries, disel charges, food expenses and mis. expenses.Gross income is 3 l per month. Please suggest him how to increase his business to 50 cr. In 2025, investment planning he is 33 year old. Unmarried.

Ans: Your son’s goal to grow his architecture business to Rs 50 crores is achievable with focused business strategies and prudent personal investment planning. Below is a detailed approach to both aspects, with more emphasis on his personal financial roadmap.

Business Planning: Key Pointers for Scaling
Optimise Existing Resources
Review and control recurring business expenses to enhance cash flow.
Focus on profitable clients and projects that offer higher margins.
Upskill existing employees with relevant training to improve productivity.
Expand Client Reach
Target large corporates and government projects for higher-value contracts.
Invest in marketing through digital platforms and industry events to showcase expertise.
Adopt New Technologies
Use advanced architectural software like BIM for efficient project management.
Explore automation tools to streamline operational tasks.
Collaborate for Growth
Form alliances with real estate developers for consistent project flow.
Explore international opportunities by partnering with global firms.
Short-Term Targets
Set realistic growth milestones for the next 6–12 months, such as increasing turnover by 25%.
Ensure smooth cash flow management and avoid over-leveraging.
Detailed Personal Investment Plan
Your son’s current income and expenses provide an opportunity to secure long-term financial growth.

1. Building an Emergency Fund
Maintain six months of expenses (approximately Rs 12 lakhs) as a buffer.
Park this amount in liquid funds or high-yield savings accounts.
This will ensure financial stability during uncertain periods.
2. Investment Allocation for Wealth Creation
To reach ambitious financial goals, disciplined investment planning is essential.

Equity Mutual Funds:

Start systematic investment plans (SIPs) in diversified and sectoral funds.
Choose funds managed by experienced fund managers for consistent performance.
Increase SIP contributions annually as income grows.
Debt Instruments:

Invest a portion in short-term and medium-term debt funds.
This adds stability to the portfolio and balances equity risks.
Gold Investments:

Allocate 5–10% of the portfolio to gold ETFs or sovereign gold bonds.
Gold provides a hedge against market volatility.
3. Retirement Planning
Begin retirement savings immediately to leverage the power of compounding.
Invest in NPS or PPF for secure, long-term growth and tax benefits.
Regularly review and adjust contributions based on lifestyle changes.
4. Tax-Efficient Investments
Maximise tax savings under Section 80C using ELSS or NPS.
For health insurance, use Section 80D benefits for self and parents.
Be aware of new capital gains tax rules for equity and debt mutual funds.
5. Asset Diversification
Avoid overexposure to one asset class, such as direct stocks.
Focus on actively managed funds over index funds for higher returns.
Engage a certified mutual fund distributor (MFD) with CFP credentials to manage investments effectively.
6. Avoid Common Pitfalls
Avoid direct equity investments unless experienced in stock market analysis.
Do not mix insurance with investments; opt for term insurance for life cover.
Regularly review the portfolio and rebalance when needed.
Action Plan for Rs 50 Crore Goal
Investment Requirements
To achieve Rs 50 crore turnover, reinvest at least 10–15% of profits into business growth.
Allocate funds for marketing, technology, and skilled manpower.
Personal Financial Stability
Keep personal and business finances separate to avoid unnecessary stress.
Regularly monitor both business performance and personal investments.
Final Insights
A disciplined and systematic approach to investments will ensure financial security. At the same time, focusing on core business strengths and adopting innovative practices will drive growth. With consistency and planning, your son can secure both his professional and personal goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Question by King - Nov 25, 2024Hindi

Money

Hello sir , I'm 15yrs old, I have my own business of tea stall and fast food shop in my father's land , the income I generate from the fast food shop around 35k and from tea stall 25k a month I just heard about mutual funds, SIP ,investment,trading at night I research on YouTube but I can't not get to much knowledge. about THE SIP I Got some info I want to start the sip around 12k what's the procedure.let me know sir Please For my future as well my family

Ans: congratulations on your entrepreneurial journey at such a young age. Generating Rs. 60,000 per month at 15 is remarkable. Let me guide you step-by-step to start your SIP (Systematic Investment Plan) and secure your future. Below is a detailed guide to help you invest wisely.

Understand What SIP Is
SIP is a method of investing in mutual funds regularly.
You can invest small amounts monthly, like Rs. 12,000.
This is great for disciplined and long-term wealth creation.
Why SIP Is Ideal for You
You don’t need to time the market.
It builds wealth gradually by using the power of compounding.
It suits young investors starting with small investments.
It helps you build a habit of saving regularly.
Steps to Start an SIP
Step 1: Define Your Investment Goals
Think about why you want to invest: Education, family security, or retirement?
Decide if your goal is short-term (3-5 years) or long-term (10-20 years).
Step 2: Choose the Right Mutual Fund
Opt for actively managed equity mutual funds for long-term goals.
Avoid index funds since they follow the market passively.
Actively managed funds have potential for better returns.
Step 3: Select a Trusted Financial Platform
Choose a Certified Financial Planner (CFP) to guide you.
They will help you pick the best funds based on your goals.
Investing through a Mutual Fund Distributor (MFD) is better.
Step 4: Complete KYC Process
Submit your PAN, Aadhaar, and bank details for KYC verification.
You can complete KYC online or at a nearby mutual fund office.
Step 5: Set Up SIP with Your Bank
Decide how much you can invest monthly (e.g., Rs. 12,000).
Link your bank account to automate monthly SIP deductions.
Step 6: Monitor and Review
Check your investments every 6-12 months.
Ensure they align with your financial goals.
Benefits of Investing Through an MFD with CFP Credential
MFDs and CFPs provide personalised advice.
They help you avoid emotional investment mistakes.
They regularly review your portfolio for better returns.
Investing through them ensures disciplined fund management.
Avoiding Direct Mutual Funds
Direct funds don’t offer guidance or expert advice.
Mistakes in fund selection can affect returns.
Regular funds through MFDs include expert insights and monitoring.
Assessing Taxation of Mutual Funds
Equity funds' LTCG above Rs. 1.25 lakh is taxed at 12.5%.
STCG on equity funds is taxed at 20%.
For debt funds, LTCG and STCG are taxed as per your income slab.
Long-term investment minimises the tax burden.
Tips to Maximise Your Investment
Start early to benefit from compounding.
Avoid withdrawing SIP funds prematurely.
Diversify by investing in equity and balanced funds.
Increase your SIP amount as your income grows.
Insightful Suggestions for Future Financial Planning
Keep some money aside for emergencies (3-6 months’ expenses).
Avoid mixing insurance and investment.
Avoid policies like ULIPs; focus on mutual funds.
Reinvest profits to multiply your wealth.
Stay Disciplined and Consistent
SIPs work best with regular and long-term investment.
Avoid stopping SIP during market fluctuations.
Trust your planner for sound advice.
Final Insights

Starting a Rs. 12,000 SIP is a brilliant step for your future. With your entrepreneurial skills and a disciplined investment approach, you can achieve financial independence. Invest in actively managed funds, rely on experts, and stay consistent. These steps will help you create wealth for yourself and your family.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |7148 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Question by chandra - Nov 26, 2024Hindi

Money

I have started investing in MF since last year, I am 38 years old want to have 70 lacs in 10 years. Invested in MO Midcap 5k, SBI PSU 5k,parag Parikh flexi cap 5k, Tata small cap 3k. Is this looks good or do i need to change anything. Need suggestions on improving my portfolio. Thanks in advance.

Ans: Your efforts to invest early and consistently show good foresight. Let’s assess your current portfolio and provide suggestions to improve alignment with your goals.

1. Review of Your Current Investments
Your current investments:

MO Midcap Fund: Rs 5,000 monthly.
SBI PSU Fund: Rs 5,000 monthly.
Parag Parikh Flexi Cap Fund: Rs 5,000 monthly.
Tata Small Cap Fund: Rs 3,000 monthly.
This totals Rs 18,000 per month, which is a strong starting point. The funds selected have diverse exposure but require some adjustments for better alignment.

2. Assessing Portfolio Diversification
Strengths of Your Portfolio
Exposure to midcaps and small caps provides high growth potential.
The flexi cap fund offers diversification across market capitalisations.
PSU fund adds thematic exposure to an under-represented sector.
Concerns in Your Portfolio
High allocation to midcap and small-cap funds increases risk.
Sector-specific funds like PSU funds lack broad market diversification.
Insufficient allocation to large caps for stability.
3. Steps to Improve Portfolio Allocation
Reduce Sector-Specific Exposure
PSU funds are highly cyclical and depend on government policies.
Consider reallocating this amount to more diversified funds for better stability.
Balance Growth and Stability
Increase allocation to large-cap or multi-cap funds for steady growth.
Large-cap funds provide resilience during market downturns.
Limit Small-Cap Allocation
Small-cap funds are highly volatile.
Restrict allocation to 10–15% of the portfolio.
Avoid Overlap in Fund Categories
Some midcap and small-cap funds may overlap in holdings.
Review and consolidate for efficiency.
4. Estimating Progress Towards Rs 70 Lacs in 10 Years
Current SIP Plan
Monthly investment of Rs 18,000 is commendable.
Assuming consistent performance, you can achieve Rs 70 lacs in 10 years.
Room for Improvement
Increasing SIPs annually can further enhance your corpus.
Even a 5–10% yearly increment ensures alignment with inflation-adjusted goals.
5. Taxation Impact on Mutual Funds
Equity-Oriented Funds
LTCG above Rs 1.25 lakh is taxed at 12.5%.
STCG is taxed at 20%.
Debt-Oriented Funds
Gains are taxed as per your income slab.
Understanding tax impact ensures better post-tax returns.

6. Benefits of Regular Plans Over Direct Funds
Challenges with Direct Funds
Direct funds demand market expertise and regular monitoring.
Investors may miss opportunities due to limited guidance.
Advantages of Regular Plans
Certified Financial Planners optimise fund selection and portfolio performance.
Regular reviews ensure alignment with financial goals.
7. Recommendations for a Stronger Portfolio
Fund Reallocation Suggestions
Reduce PSU fund exposure; increase large-cap allocation.
Maintain midcap allocation for balanced growth.
Enhance SIP Contributions
Gradually increase SIPs as income grows.
Start with an annual increment of 5–10%.
Review and Rebalance Regularly
Conduct semi-annual reviews to track performance.
Rebalance as per market conditions and life changes.
8. Additional Financial Planning Steps
Emergency Fund and Insurance
Maintain an emergency fund for 6–12 months’ expenses.
Ensure adequate life and health insurance coverage.
Set Specific Goals
Break down Rs 70 lacs into intermediate milestones.
Track progress every 2–3 years.
Final Insights
Your portfolio has a strong foundation but needs diversification and risk management. Focus on balanced allocation across large, mid, and small caps. Increase SIPs regularly and seek guidance from a Certified Financial Planner. With these steps, achieving Rs 70 lacs in 10 years is well within reach.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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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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