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50-year-old with 15 L in ICICI Bluechip - Can I reach my 2 Cr retirement goal in 7 years?

Nitin

Nitin Narkhede  |60 Answers  |Ask -

MF, PF Expert - Answered on Dec 31, 2024

Nitin Narkhede, founder of the Prosperity Lifestyle Hub, is a certified financial advisor with eight years of experience in helping clients design and implement comprehensive financial life plans.
As a mentor, Nitin has trained over 1,000 individuals, many of whom have seen remarkable financial transformations.
Nitin holds various certifications including the Association Of Mutual Funds in India (AMFI), the Insurance Regulatory and Development Authority and accreditations from several insurance and mutual fund aggregators.
He is a mechanical engineer from the J T Mahajan College, Jalgaon, with 34 years of experience of working with MNCs like Skoda Auto India, Volkswagen India and ThyssenKrupp Electrical Steel India.... more
SATISH Question by SATISH on Dec 24, 2024Hindi
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Money

I have 15 L in Icici blue chip fund and shifted my SIP of 25 K to Nippon large cap, I also have 5 K SIPs in Hdfc Mid cap opportunities and 5K in Nippon multicap? Is it the right investment for 35 K a month or need a change..I am 50 Yrs age.I am accumulating for 2 Cr corpus in next 7 years. I already have 45 L in my equity and debt funds. I also want to double SIP in next FY to 70 K a month in same ratio in above funds. Retirement goal is 2 Cr. Please advise

Ans: Continue current SIPs but diversify large-cap allocation slightly.
Allocate additional SIPs in FY 2025 to a mix of large-cap and balanced advantage funds.
Annually rebalance portfolio to maintain an equity-debt ratio that aligns with your risk tolerance and time horizon.
This approach ensures you achieve your retirement goal while managing risks effectively.
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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I am 33 years old. I have started investment in mutual fund SIPs from last 3.5 years. Till now I have increased my SIP investment to 16K per month (recently added 4 new mf in my portfolio), portfolio details provided below. So could you please review and let me know whether below investment is good for long term purpose or do I need to do any changes in it? Apart from this I am planning to invest 5K per month in Gold (in the form of SGB) as well. Please advance if you have anyone investment ideas for me, thanks in advance. My Investment categories:  Large Cap: 3K/month Large-Mid and Mid Cap: 6.5K/month Small Cap: 6.5K/month MF investment details:  SBI Blue Chip Fund - Direct Plan – Growth (cost value: 79K and current value: 1.26L): 1K/month SIP Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth (cost value: 1.5L and current value: 2.06L): 4K/month SIP L&T Emerging Businesses Fund - Direct Plan - Growth (cost value: 1.5L and current value: 2.65L): 2.5K/month SIP Nippon India Small Cap Fund - Direct Plan - Growth (cost value: 20K and current value: 21.4K): 2K/month SIP Axis Bluechip Fund - Direct Plan - Growth (cost value: 37K and current value: 37.6K): 2K/month SIP Quant Small Cap Fund - Direct Plan Growth - Growth (cost value: 6K and current value: 6K): 2K/month SIP PGIM India Midcap Opportunities Fund - Direct Plan - Growth - Growth (cost value: 7.5K and current value: 7.4K): 2.5K/month SIP
Ans: Hello Prashant. The portfolio seems aligned with market. I would advice reconsider your schemes of AXIS Bluechip Fund better alternative peer schemes. The selected portfolio is finely selected for long term horizon.

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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on May 22, 2023

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Mutual Funds, Financial Planning Expert - Answered on Nov 18, 2024

Asked by Anonymous - Nov 18, 2024Hindi
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Please suggest if following investment are good as SIP started last year sep 2023 HDFC Flexi cap 5000, Parag Parikh 5000,SBI L & Mid cap 2500/-, Axis Blue chip fund 2500, AXis Mid cap fund 2500/- HDFC mid-cap opportunities fund 5000, Kotal emerging fund 2500/- Nippon India smal cap fund 5000/- HDFC Pharma & healthcare fund 4000/- Nippon India multicap fund 2500/- HSBC value fund 3000/- Investment are on monthly basis. Pease advise
Ans: Your portfolio demonstrates a proactive approach to wealth building. It includes diverse mutual funds across categories. Monthly SIPs indicate your long-term financial discipline. This is commendable. However, let’s evaluate its alignment with your financial goals.

Below are detailed insights for your portfolio assessment:

Strengths of Your Portfolio
Diversification

You’ve invested in funds from multiple categories. This includes large-cap, mid-cap, small-cap, flexi-cap, and sectoral funds.
A diversified portfolio reduces overall risk. It balances growth potential across market segments.
Consistency

Monthly SIPs ensure disciplined investments. This helps capture market volatility effectively.
Long-term SIPs can create substantial wealth through compounding.
Exposure to Growth Opportunities

Investments in mid-cap and small-cap funds offer higher growth potential. These funds are suitable for long-term wealth creation.
Sectoral funds provide concentrated exposure to booming sectors like healthcare.
Inclusion of Value and Multicap Funds

Value funds identify undervalued stocks. This can deliver long-term growth.
Multicap funds offer flexibility to invest across market capitalizations.
Areas for Improvement
Overlapping Fund Categories

Having multiple funds in the same category might lead to redundancy. For example, multiple mid-cap and flexi-cap funds.
Similar funds can increase portfolio overlap. This reduces the benefit of diversification.
Sectoral Fund Allocation

Sectoral funds like healthcare have high risk. These funds depend on sector-specific performance.
Such funds should have limited allocation in a balanced portfolio.
Number of Funds

A portfolio with too many funds can be hard to track. It dilutes returns without adding significant diversification.
Fewer funds with distinct strategies are easier to manage and monitor.
Portfolio Insights
Risk Assessment

Your portfolio leans towards high-risk categories like mid-cap and small-cap.
Consider balancing it with funds having stable growth, such as large-cap or flexi-cap.
Goal-Based Allocation

Align investments with specific financial goals. For example, retirement, child’s education, or buying a house.
Define timelines for each goal. Adjust fund categories based on risk tolerance and time horizon.
Taxation Awareness

Equity fund gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains attract 20% tax.
Ensure to account for these taxes in your investment strategy.
Regular Fund Investment Benefits

Investing through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) offers advantages.

They provide expert insights, fund tracking, and timely rebalancing.

Direct fund investments might lack professional guidance. This could lead to suboptimal decision-making during market volatility.

Suggested Course of Action
Streamline the Portfolio

Reduce the number of overlapping funds. Keep one or two funds per category.
Focus on high-quality funds with a proven track record.
Adjust Sectoral Fund Exposure

Limit sectoral fund exposure to a small percentage of your total investment.
Use these funds only for specific, high-risk goals.
Rebalance Annually

Review your portfolio at least once a year. Rebalance it to maintain desired asset allocation.
Shift funds if they no longer align with your goals or risk tolerance.
Emergency Fund Allocation

Maintain a liquid fund or emergency fund equivalent to 6-12 months of expenses.
This avoids withdrawing SIPs during unexpected financial needs.
Monitor Fund Performance

Regularly review the performance of each fund against its benchmark.
Replace consistently underperforming funds with better alternatives.
Long-Term Discipline

Stick to your SIPs, especially during market downturns. This helps average out costs.
Avoid making decisions based on short-term market fluctuations.
Final Insights
Your portfolio reflects a strong commitment to financial growth. However, streamlining your investments can enhance efficiency and returns. Focusing on goal-based allocation ensures better alignment with your financial objectives.

Consider professional guidance to refine your portfolio and stay on track. This ensures your investments work harder for your future.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

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Asked by Anonymous - Jan 26, 2025Hindi
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I’m a 60-year-old woman with stiff joints and limited flexibility. Can yoga help me improve my mobility and reduce joint pain?
Ans: Yes, yoga can help you improve mobility, reduce joint pain, and increase flexibility, even at 60. Gentle yoga movements, breathing exercises, and relaxation techniques can make your body feel lighter and more comfortable.

How Yoga Helps with Joint Pain & Stiffness
? Improves Blood Circulation – Keeps joints nourished and reduces stiffness.
? Enhances Flexibility – Slow, mindful stretches improve movement.
? Reduces Pain & Inflammation – Gentle yoga relieves pressure on the joints.
? Boosts Strength & Stability – Helps prevent falls and injuries.

Gentle Yoga Poses for Joint Mobility
Tadasana (Mountain Pose) – Improves posture and balance.
Pawanmuktasana (Joint Release Movements) – Simple hand, knee, and ankle rotations to reduce stiffness.
Marjaryasana-Bitilasana (Cat-Cow Pose) – Eases back and neck stiffness.
Supta Baddha Konasana (Reclined Butterfly Pose) – Opens the hips and relaxes the body.
Vrikshasana (Tree Pose, with support) – Strengthens legs and improves stability.
Pranayama (Breathing for Joint Health)
? Anulom Vilom (Alternate Nostril Breathing) – Improves oxygen flow and reduces stress.
? Bhramari (Humming Bee Breath) – Relaxes the nervous system.

Why Seek a Yoga Coach?
A coach ensures that you practice safely, avoiding strain on weak joints. With proper guidance, you can regain flexibility and move with ease! Start slow, listen to your body, and stay consistent.

R. Pushpa, M.Sc (Yoga)
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Asked by Anonymous - Jan 21, 2025Hindi
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I’m a 31-year-old woman planning to start a family. Are there yoga practices that can help improve fertility and prepare my body for pregnancy?
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Yoga Practices to Improve Fertility & Prepare for Pregnancy
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I’m a 25-year-old student feeling constantly fatigued and low on energy. How can yoga help me boost my energy levels and stay active?
Ans: Feeling constantly fatigued at 25 can be due to stress, poor posture, lack of movement, or irregular sleep patterns. Yoga can help by improving blood circulation, reducing stress, and balancing energy levels.

Here’s How Yoga Can Help You Stay Energized:
Start Your Day with Sun Salutations (Surya Namaskara)

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Breathing Exercises (Pranayama) for Energy:

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Lifestyle Tips:

Get 7-8 hours of sleep for recovery.
Stay hydrated and eat a balanced diet rich in fresh fruits and vegetables.
Take short breaks and practice stretching to avoid sitting for long hours.
For the best results, learning from a yoga coach can help you personalize your practice. Stay consistent, and you’ll feel more energetic and focused in no time!

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Hi, I am a 30 year old working woman. I am pretty introvert and never have been in a relationship. Men have never approached me maybe because of my closed off nature. My mother has been constantly pressing me to look for a potential match for last 3-4 years. I have been trying dating apps and matrimony apps and have gone on a lot of dates but till now there has been no success. This entire process is taking a toll on me. When I say this to my mother she will not listen and instead keeps on searching for matches herself and make me go on dates which ultimately doesn't last since none of them seem to be compatible (mainly because of difference in family background, salary differences , values mismatch,etc). At this point I am confused. I do want to settle down for the sake of life long companionship but feel that things aren't working for me and sometimes my frustrations make me feel that I am good not married. What should I do in this case?
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Radheshyam Zanwar  |1196 Answers  |Ask -

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My daughter is currently doing ICSE 10th and is performing very well in the class in Kochi. I would like to know what are the options of preparing for entrance exams such as KEAM and NEET without putting a strain or off-balance of her regular class work. What are options of attending online and offline coaching? What would be effective ? What are some good study materials ?..etc
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Here is the point-wise reply to your question: (1) To appear for KEAM or NEET, you have to take PCMB subjects in the 11th and 12th and appear for the respective entrance tests (2) If you are not interested in giving her stress then either she can prepare it via self-study or by joining any coaching classes (3) It is recommended to join offline classes and if your financial situation permits, then you can join any online classes only for "revision purpose". You should not remain dependent on online classes as they have huge drawbacks. (4) Related to the material, the concerned subject teacher will guide her. Yet it would be highly recommended to contact the recently passed students who cracked KEAM/NEET with high scores. Everybody referees different authors' books. But some of them are common for which your daughter can take the help. (5) Please keep in touch with the NTA website which offers free test series for NEET/JEE. (6) Ask her to focus on the interested subject either Bio or Maths. (7) Joining any coaching either offline or online mode does not carry a guarantee of success. One has to try himself. I hope, your daughter will also follow the same path of hard work to get success in either KEAM or NEET.
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Ramalingam Kalirajan  |8005 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 18, 2025

Asked by Anonymous - Feb 18, 2025Hindi
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Money
Hi ... I am a 48 year old male and need some specific financial advice on my finances. Here is a detailed breakup of my income, assets and liabilities Income from Salary : 4.6L per month after taxes Assets & Investments : Apartment - 4 crore at current value Savings & Equity - 35L SIP - 40L corpus (75K per month being invested) EPF & VPF - 60L (I contribute around 15K every month to VPF) Liabilities : Home Loan : 1.1 Crore (Tenure remaining 9 yrs) Other Loans : 45L (Tenure remaining 5 yrs) Monthly household Exp : 2.2L Insurance : Health Insurance Coverage : 25L (Company provides 5L and I have upgraded to 25L) Life Insurance : 1cr for wife & 6cr for self Future Milestones : Retirement Son's Education & Marriage (Currently 17 yrs old) I don't think I have enough savings and assets to head to a comfortable retirement and this gives me sleepless nights. Can you please help by providing a detailed plan of where I should invest more and by how much? Please note that I don't have much room to save more given my expenses. Thank you.
Ans: You're in a solid financial position but carrying a heavy loan burden, which is affecting your retirement confidence. Here’s how you can optimize your finances:

Debt Management
Prioritize clearing your Rs 45L loan in the next 3-5 years.
Try prepaying Rs 5-10L annually from bonuses, RSUs, or other windfalls.
Keep your home loan for tax benefits, but consider refinancing if a lower rate is available.
Investment Strategy
Your SIPs are strong; continue the Rs 75K/month allocation.
Increase your equity exposure post-loan repayment for better growth.
Review your portfolio to balance large caps, mid-small caps, and debt.
Retirement Planning
At 48, you should aim for Rs 12-15 crore by 60.
Your current investments will compound, but increasing contributions post-loan repayment is key.
Consider a mix of mutual funds, PPF, and NPS for tax efficiency.
Son’s Education & Marriage
With 1-2 years left, ensure Rs 40-50L liquidity for college fees.
If not done yet, set aside a lump sum in debt mutual funds or a fixed deposit.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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