Hi Sir, I am 24 year old and started my SIPs 2 year ago, 15 thousand Monthly, currently I'm sitting on a gain of 40% ... I'm unmarried as of now and have low expenses.. Could you suggest me some plannings for creating good corpus till my 50s.

Ans: If the ELSS is for Tax Saving then continue; remaining to be shifter to better funds:

1. Axis ESG Equity Fund – Growth
2. Motilal Focused 25 Fund – Growth
3. ICICI Pru US Bluechip Equity Fund – Growth
4. UTI Flexi Cap fund – Growth
5. DSP Quant Fund  - Growth

Started couple of years back and in next 15 years total duration of 17 years the corpus that can be created is Rs. 1.4 crs; you may need to increase Rs. 2000 per month to reach the required target of 1.5 crs

Ans: With investment of Rs 42,000 per month the corpus that can get created is Rs 1.1 crore in 10 year.

No need to add any new funds, you can increase investment in same schemes or do annual step up .

Ans: That's great you're already investing through SIPs (Systematic Investment Plans)! It shows you're on the right track to building your retirement corpus. Let's analyze your current portfolio and discuss how to reach your goals:

1. Good Start with SIPs!

Three SIPs Running! Your current SIPs of Rs. 10,000 each in a Flexi Cap, Emerging Equity, and Small Cap Fund provide some diversification across market capitalizations. This is a good starting point.

Goal in Mind! You aim for a corpus of Rs. 3-5 crore in 13 years. This requires careful planning and potentially increasing your investment amount.

2. Reaching Your Target:

Planning is Key! Accurately calculating the exact SIP amount needed is difficult without considering factors like your current corpus, expected return rate, and inflation. However, we can discuss strategies.

Review and Increase? A Certified Financial Planner (CFP) can analyze your situation and suggest if you need to increase your SIP amounts to reach your target corpus. They can also consider adding other asset classes for a more balanced approach.

3. Review and Rebalance:

Market Changes! The market keeps changing, and what looks good today might not be suitable tomorrow. It's important to periodically review your portfolio with a CFP.

Stay on Track! Regularly rebalancing your portfolio helps you maintain your target asset allocation and manage risk. A CFP can guide you on how often to review and rebalance.

4. Actively Managed Funds:

Pick Winners! Your chosen funds are actively managed, meaning fund managers try to outperform the market by picking stocks they believe will grow. Actively managed funds can outperform the market, but there's no guarantee.

Consider Your Risk: Actively managed funds tend to have higher fees than passively managed Index Funds. A CFP can help you assess your risk tolerance and choose funds that align with your goals.

Remember, reaching your target corpus requires a disciplined approach, potentially increasing your SIP amounts, and regular review with a CFP. Consulting a CFP can help you create a personalized plan and increase your chances of success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in