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Ramalingam

Ramalingam Kalirajan  |6269 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 11, 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 - Jun 04, 2024Hindi
Money

I am 28 year old. I want 1 crore in 5 years, and currently investing 10k in mutual funds. What amount of SIP should I start to achieve 1 crore in 5 years.

Ans: Understanding Your Goal
Achieving Rs. 1 crore in 5 years is an ambitious target. It requires careful planning and disciplined investing.

You currently invest Rs. 10,000 per month in mutual funds. Let's analyse the situation and devise a strategy to reach your goal.

The Power of Systematic Investment Plans (SIPs)
Systematic Investment Plans (SIPs) allow for disciplined, regular investments in mutual funds. SIPs help in averaging out market volatility and accumulating a significant corpus over time.

Investing regularly can help achieve large financial goals. Let’s explore how much you need to invest monthly.

Calculating the Required SIP Amount
To achieve Rs. 1 crore in 5 years, we need to understand the rate of return and the amount to be invested.

Assuming a conservative annual return of 12%, we can calculate the required SIP amount using a financial formula.

The formula for Future Value of SIP is:

Future Value = P * [ (1 + r/n)^(nt) - 1 ] / (r/n)

where:

P is the SIP amount
r is the annual return rate (decimal)
n is the number of times the interest is compounded per year
t is the number of years
To achieve Rs. 1 crore in 5 years, with an annual return of 12%:

1,00,00,000 = P * [ (1 + 0.12/12)^(12*5) - 1 ] / (0.12/12)

Solving this will give us the SIP amount required.

Assessing the Required SIP Amount
Using the formula, we find that you need to invest around Rs. 1,29,800 per month to achieve Rs. 1 crore in 5 years with a 12% annual return.

This amount is significantly higher than your current investment of Rs. 10,000 per month. Let's explore how you can adjust your strategy.

Exploring Investment Options
Increase Monthly SIP:

Consider increasing your SIP amount gradually.
Start with an affordable increase and aim to reach the required amount.
Increase Investment Horizon:

Extending your investment period reduces monthly SIP requirement.
A longer horizon allows more time for compounding to work.
Seek Higher Returns:

Explore funds with higher potential returns, keeping in mind the risk involved.
Diversify your portfolio to balance risk and returns.
Benefits of Actively Managed Funds
Actively managed funds involve professional fund managers making investment decisions. These managers aim to outperform the market.

Advantages:

Potential for higher returns compared to index funds.
Professional management ensures better asset allocation.
Flexibility in investment strategies to adapt to market conditions.
Disadvantages of Index Funds:

Limited to the performance of the index.
Less flexibility in asset allocation.
No active management to mitigate risks or seize opportunities.
Importance of Regular Funds
Investing through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) ensures professional guidance.

Benefits:

Regular funds provide ongoing advisory services.
Access to research and insights for informed decisions.
Assistance in portfolio rebalancing and adjustments.
Disadvantages of Direct Funds:

Lack of professional guidance.
More responsibility on the investor to make informed choices.
Potential for missed opportunities or increased risk.
Adjusting Your Financial Plan
To bridge the gap between your current investment and the required SIP, consider these steps:

Increase Income:

Explore ways to boost your income.
Additional income can be directed towards your SIP.
Reduce Expenses:

Cut unnecessary expenses and redirect savings to investments.
Prioritize your financial goal over discretionary spending.
Bonus and Windfalls:

Invest any bonuses, incentives, or windfalls.
Lump-sum investments can significantly boost your corpus.
Track and Review:

Regularly review your investment portfolio.
Adjust based on market conditions and financial goals.

You have a commendable goal and the discipline to invest regularly. This shows your dedication towards achieving financial freedom.

Your current SIP is a great start. With strategic adjustments, you can reach your goal.

Understanding Risks and Returns
Investing involves risks. Higher returns often come with higher risks. It’s important to understand your risk tolerance.

Diversify your investments to balance risk and returns. Diversification spreads risk across various assets, reducing overall risk.


We understand that achieving Rs. 1 crore in 5 years seems challenging. However, with a disciplined approach, it is achievable.

Financial planning requires commitment and sometimes tough decisions. But your long-term financial security is worth the effort.

Final Insights
To achieve Rs. 1 crore in 5 years, you need to significantly increase your monthly SIP. Consider increasing income, reducing expenses, and investing windfalls.

Seek higher returns through actively managed funds. Diversify your portfolio to balance risk. Invest through a Certified Financial Planner for professional guidance.

Regularly review and adjust your investments. Stay disciplined and committed to your goal.

You are on the right path. With strategic adjustments, you can achieve your financial goal.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
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

Ramalingam Kalirajan  |6269 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

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Hi, I am 49 years old, I would like to accumulate INR 5 crores in next 8 years, what should be my SIP amount and which funds will you suggest.
Ans: Certainly, aiming to accumulate INR 5 crores in the next 8 years is an ambitious goal. To achieve this, you'll need to invest strategically and consistently. Considering your age and goal timeline, it's crucial to balance growth potential with risk management.

Firstly, let's calculate the required SIP amount. Assuming an annual return of 10%, you would need to invest approximately INR 3,20,000 per month to reach your target of INR 5 crores in 8 years. However, this calculation is based on ideal conditions and does not account for market fluctuations.

For fund selection, I recommend a diversified portfolio that includes a mix of large-cap, mid-cap, and multi-cap funds to spread risk while maximizing growth potential. Look for funds with a strong track record of performance, consistent fund management, and a focus on quality stocks.

Here are some fund categories to consider:

Large-cap funds for stability and steady growth.
Mid-cap funds for higher growth potential.
Multi-cap funds for flexibility and diversification across market segments.
However, it's essential to conduct thorough research or consult with a Certified Financial Planner to tailor your investment strategy to your risk tolerance, financial situation, and long-term goals. Remember, regular review and adjustments may be necessary to stay on track towards achieving your target.

..Read more

Ramalingam

Ramalingam Kalirajan  |6269 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 12, 2024

Asked by Anonymous - Jul 15, 2024Hindi
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Money
Hi Guys, I am 30 yrs old (Single) salaried employee earning 8LPA. I have recently started SIP in mutual funds investing 5K each in Quant Small Cap, Midcap, Flexi cap, ELSS & Nippon India small cap fund which in total becomes 25K. How many years it will take to become 1 Crore and any other suggestions towards my investment. And Occasionally I do buy some IPO's.
Ans: You are on a strong financial path by investing Rs. 25,000 per month through SIPs across various mutual funds. This shows dedication to building wealth. At 30 years old, your early start will provide a good runway for growth.

Assessing Your Goal
Target Corpus: Rs. 1 Crore

Accumulating Rs. 1 crore is a significant goal. With disciplined investing, it’s achievable.

The time to reach Rs. 1 crore depends on the average annual return of your investments. Typically, equity mutual funds can offer 12-15% returns over the long term.

Investment Horizon

If your SIPs average a return of 12% annually, it would take about 15 years to reach Rs. 1 crore.

With a higher return of 15%, you could achieve this in approximately 13 years.

These are estimates, as actual returns can vary based on market conditions and fund performance.

Evaluating Your Current Portfolio
Fund Selection

Your portfolio is diversified across small-cap, mid-cap, flexi-cap, and ELSS funds. This diversification reduces risk and increases potential returns.

However, investing in two small-cap funds (Quant Small Cap and Nippon India Small Cap) increases exposure to high-risk assets. Small-cap funds can be volatile and may not always deliver consistent returns.

Balancing Risk

Consider balancing your portfolio by reducing exposure to small-cap funds. Reallocate some investments into large-cap or hybrid funds for stability.

Flexi-cap funds offer flexibility by investing across large, mid, and small-cap stocks. This is good for balancing growth and risk.

ELSS funds not only provide tax benefits but also serve as equity investments. They are a smart choice for long-term goals.

Suggested Adjustments
Review Small-Cap Allocation

Small-cap funds offer high growth potential but with high risk. Limit your exposure to small-cap funds to around 20-25% of your total investment.

Consider reallocating a portion from small-cap funds to large-cap or hybrid funds. This will help in stabilizing your portfolio while still offering growth.

Diversify with Large-Cap or Hybrid Funds

Large-cap funds invest in well-established companies. They offer steady returns with lower risk compared to small-cap and mid-cap funds.

Hybrid funds, which invest in both equity and debt, provide a balance between risk and return. They can act as a buffer during market downturns.

Review Your Portfolio Annually

It’s important to review your portfolio annually. Make adjustments based on market performance and changes in your financial goals.

Rebalancing your portfolio ensures that it remains aligned with your risk tolerance and investment horizon.

IPO Investments
Occasional IPO Investments

IPOs can offer good returns, but they come with risks. Not all IPOs perform well post-listing, and some can be volatile.

Invest in IPOs only if you have a good understanding of the company and its growth potential.

Ensure that your IPO investments do not exceed 5-10% of your total portfolio. This limits risk while allowing you to participate in new opportunities.

Long-Term Planning
Staying the Course

Consistency is key. Continue your SIPs regularly, regardless of market conditions. This will help in rupee cost averaging and accumulating wealth over time.

Avoid the temptation to time the market or stop your SIPs during market downturns. The market will have ups and downs, but staying invested is crucial for long-term growth.

Increase SIPs Gradually

As your income grows, consider increasing your SIPs. Even a small increase in your monthly investment can significantly reduce the time needed to reach your Rs. 1 crore goal.

A 5-10% annual increase in your SIPs can help in reaching your target faster without putting too much strain on your finances.

Final Insights
Reaching Rs. 1 crore through disciplined SIPs is achievable with a diversified portfolio. Review your portfolio regularly and consider rebalancing to reduce high-risk exposure. Consistent investing, along with occasional prudent IPO investments, will help you achieve your financial goals. Stay patient and committed to your investment plan, and you will see your wealth grow over time.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |6269 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Asked by Anonymous - Jul 20, 2024Hindi
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Money
Sir i am 32 and recently i have started sips in mutual fund for 20k month and i set my goal to achieve 2 crore at my age of 45 will i need to my sip or any other investment can i do to achieve my goal suggestion please.
Ans: Assessing Your Goal and Current Investment Strategy
Your Financial Goal

Objective: Accumulate Rs 2 crore by age 45.
Current Age: 32.
Investment Horizon: 13 years.
Current Investment Strategy

Monthly SIP Amount: Rs 20,000.
Investment Vehicle: Mutual Funds.
Evaluating Your SIP
Return Expectations

Historical Returns: Equity mutual funds typically offer 12-15% annual returns.
Growth Projection: Evaluate if Rs 20,000 monthly can reach Rs 2 crore in 13 years.
Calculating Potential Growth
Scenario Analysis

Assumed Returns:

12% annual return: Approximately Rs 1.02 crore.
15% annual return: Approximately Rs 1.22 crore.
Gap Analysis: There might be a shortfall in achieving Rs 2 crore with Rs 20,000 SIP at these returns.

Recommendations for Achieving Your Goal
Increase SIP Amount

Revised SIP Calculation: Increase your SIP amount to bridge the gap.
Optimal SIP: Calculate based on desired corpus and realistic return rates.
Diversify Investments

Balanced Portfolio: Consider adding debt funds for stability.
Equity Allocation: Keep a higher equity allocation for growth.
Regular Review and Adjustments

Annual Review: Assess your portfolio annually to ensure it’s on track.
Adjust SIP: Increase SIP amount based on income growth and market performance.
Additional Investment Strategies
Lump Sum Investments

Windfall Gains: Invest any bonuses or windfall gains to boost your corpus.
Regular Top-ups: Add lump sum investments periodically.
Alternative Investment Options

Avoid Direct Funds: Regular funds with a certified financial planner offer professional management and guidance.
Avoid Index Funds: Actively managed funds typically outperform in the long run due to expert management.
Risk Management
Insurance Coverage

Life Insurance: Ensure adequate life insurance to cover financial risks.
Health Insurance: Comprehensive health insurance to mitigate medical expenses.
Emergency Fund

Liquidity: Maintain an emergency fund covering 6-12 months of expenses.
Final Insights
Commitment: Consistency in SIPs is crucial for long-term wealth creation.
Review and Adjust: Regularly review your portfolio and adjust investments based on performance and goals.
Consultation: Engage with a Certified Financial Planner for personalized advice and strategy.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |6269 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 11, 2024

Asked by Anonymous - Sep 11, 2024Hindi
Money
Hello Sir, I currently have ?7 lacs idle in my savings account and I'm exploring the best way to manage this, considering my financial situation and future needs. My financial overview includes: monthly investments in equity mutual funds with a long-term perspective, comprehensive health and term insurance, an emergency fund covering 6 months expenses, and an additional ?50k saved each month after all expenditures and SIP contributions. Additionally, I hold ?4.75 lacs in another account for immediate needs. I aim to categorize my investments into non-withdrawal mutual funds for long-term compounding benefits and withdraw-able mutual funds for safer, more liquid options that beat inflation. I seek advice on managing these funds and specific mutual fund recommendations, as I might need access to this money (or not need) within 2-5 years. Any guidance would be greatly appreciated!
Ans: Firstly, it’s commendable that you already have a robust financial framework in place. Your systematic investments in equity mutual funds, comprehensive health and term insurance, and an emergency fund that covers six months of expenses indicate a well-thought-out financial strategy. These elements are crucial for financial stability, as they ensure you’re protected against unforeseen circumstances while continuing to grow your wealth.

In addition to your Rs. 7 lakhs of idle savings and Rs. 4.75 lakhs set aside for immediate needs, you also have an impressive Rs. 50,000 in monthly savings after all expenses and investments. This presents a strong base for further wealth creation, and managing these funds effectively will help you meet your short-term and long-term goals. Let’s explore how you can maximize the potential of your idle funds, taking into account both liquidity needs and long-term compounding.

Categorizing Funds: Long-Term and Short-Term Investments
Your decision to divide your investments into two categories—non-withdrawable mutual funds for long-term growth and withdrawable mutual funds for short-term liquidity—is a sound approach. This division allows you to meet both your immediate financial needs while simultaneously growing your wealth over the long term.

Long-Term Investment: Non-Withdrawal Funds (2-5 Years and Beyond)
For long-term compounding, equity mutual funds are an ideal vehicle. You’re already investing in these funds with a long-term perspective, which is excellent, as equity tends to outperform other asset classes like debt or fixed deposits over time.

Here’s how you can further optimize your long-term investment strategy:

Continue SIPs in Equity Mutual Funds: Regular investments through Systematic Investment Plans (SIPs) allow you to benefit from rupee cost averaging. This means you buy more units when markets are down and fewer units when markets are up, thus averaging your cost over time. Given that you already have SIPs in place, it’s advisable to continue with these contributions. Over the long term, equity markets tend to grow despite short-term volatility, and consistent investments will help you capitalize on this growth.

Lump Sum Allocation from Idle Funds: Since you have Rs. 7 lakhs sitting idle in your savings account, which is currently not earning much interest, it’s prudent to put a portion of this amount into equity mutual funds. You could allocate Rs. 4-5 lakhs of this sum towards equity mutual funds to boost your long-term growth. This will allow the funds to compound over time, helping you accumulate wealth more effectively.

Benefits of Actively Managed Funds Over Index Funds: While index funds track a specific index like the Nifty 50, they are often less flexible and cannot adjust to changing market conditions. On the other hand, actively managed funds, overseen by professional fund managers, have the ability to change their asset allocation based on market trends, thus potentially offering higher returns. Although index funds may have lower fees, they may not always outperform actively managed funds, especially in a volatile or uneven market.

Avoid Direct Funds for Better Portfolio Management: Direct mutual funds, although they come with a lower expense ratio, require constant tracking and decision-making. This can be cumbersome for someone who may not have the time or expertise to monitor the markets closely. Investing through a Mutual Fund Distributor (MFD) who has a Certified Financial Planner (CFP) credential will allow you to benefit from expert advice and portfolio management. A CFP can help optimize your portfolio by selecting the right mix of funds based on your risk tolerance, financial goals, and market conditions. Additionally, the long-term relationship with an MFD/CFP can ensure timely adjustments to your portfolio.

Short-Term Investment: Withdrawable Funds (2-5 Years)
For the portion of your savings that you may need within the next 2-5 years, you need safer and more liquid investment options. While equity mutual funds are great for long-term growth, they can be volatile in the short term, which makes them less suitable for funds you might need soon. Here’s how you can structure your short-term investments:

Hybrid Funds: These funds offer a balanced approach by investing in both equities and debt instruments. The equity portion provides the opportunity for growth, while the debt portion offers stability and reduces volatility. Hybrid funds are less risky than pure equity funds and provide a good option for investors looking to beat inflation while keeping the investment relatively safe.

Short-Term Debt Funds: Debt mutual funds invest in government securities, corporate bonds, and other fixed-income instruments. These funds are less volatile than equity mutual funds, making them ideal for short-term investments. By investing in debt funds with shorter maturity periods, you can achieve relatively higher returns than a savings account while ensuring that the risk is low. Debt funds can also provide liquidity, allowing you to withdraw your money when needed.

Liquid Funds: For funds that you need to access quickly, liquid mutual funds are a good option. These funds invest in short-term, low-risk instruments and offer better returns than a regular savings account. Importantly, liquid funds allow you to withdraw money with minimal hassle, often within 24 hours. Since you might need access to your savings for immediate or unexpected expenses, liquid funds are an ideal choice to park part of your Rs. 7 lakhs.

Avoid Index Funds for Short-Term Goals: Index funds, though popular for their simplicity and low costs, may not be suitable for short-term investments. They follow the market and cannot adapt quickly to changing economic conditions. If the market experiences a downturn during the period when you need your funds, you might be forced to withdraw at a loss. Therefore, for short-term investments, it’s better to focus on debt or hybrid funds that offer stability.

Strategic Allocation of Rs. 7 Lakhs
Given your financial goals and the possibility that you may need access to some of your savings within the next 2-5 years, here’s how you can strategically allocate your Rs. 7 lakhs:

Rs. 4-5 Lakhs for Long-Term Growth: Allocate a significant portion of your idle Rs. 7 lakhs into long-term equity mutual funds. This will allow you to take advantage of market compounding and generate wealth over time. Equity funds, despite short-term volatility, tend to offer the highest returns over periods of 5 years or more.

Rs. 2-3 Lakhs for Short-Term Flexibility: Park the remainder of your Rs. 7 lakhs into safer, more liquid investments such as hybrid or debt funds. These funds provide a good balance between safety and returns, allowing your money to grow while being accessible when needed. If you find that you don’t need these funds in 2-3 years, you can always move them into more aggressive investments later.

Managing the Rs. 4.75 Lakhs for Immediate Needs
You’ve wisely set aside Rs. 4.75 lakhs in another account for immediate needs. Since this money may be required at any time, it’s essential to keep it in a highly liquid and low-risk option.

Liquid Mutual Funds: As mentioned earlier, liquid funds are an excellent choice for immediate needs. They offer liquidity similar to a savings account but with the potential to earn higher returns. Liquid funds invest in short-term instruments and typically allow you to access your money within a day, making them ideal for emergency funds or immediate expenses.

High-Interest Savings Account: Alternatively, you can keep this money in a high-interest savings account. This option provides both safety and liquidity, though the returns may not beat inflation over the long term. However, since the primary goal for this Rs. 4.75 lakhs is to maintain accessibility, a high-interest savings account could be a good secondary option.

Utilizing Rs. 50,000 in Monthly Savings
Your ability to save Rs. 50,000 per month after all expenses and investments is a strong indicator of financial discipline. This surplus can be put to excellent use for both short-term flexibility and long-term wealth creation.

Increase Equity SIP Contributions: You could allocate a portion of your Rs. 50,000 monthly savings to increase your SIP contributions in equity mutual funds. This will allow you to compound your wealth even faster. Since equity markets can experience ups and downs, adding more to your SIPs during market downturns will help you purchase more units at a lower cost, thus improving long-term returns.

Allocate to Short-Term SIPs: You can also consider starting or increasing your SIPs in short-term hybrid or debt mutual funds. These funds provide stability and liquidity while offering better returns than traditional savings instruments. By allocating part of your monthly savings to these funds, you create a pool of investments that can be tapped into for medium-term goals or unexpected needs.

Final Insights
In conclusion, you are on the right track with your investments and financial planning. To enhance your financial portfolio and ensure both long-term growth and short-term liquidity, consider the following strategies:

Allocate Rs. 4-5 Lakhs from your idle Rs. 7 lakhs into long-term equity mutual funds for compounding benefits over the next 5 years and beyond. Equity mutual funds are ideal for wealth creation and will help you meet your future financial goals.

Invest Rs. 2-3 Lakhs in short-term debt or hybrid mutual funds. These funds offer a balance between safety and returns, ensuring your funds are accessible when needed while also beating inflation.

Keep the Rs. 4.75 lakhs set aside for immediate needs in liquid mutual funds. Liquid funds will give you quick access to your money, while also providing higher returns than a savings account.

Use your Rs. 50,000 in monthly savings to increase your SIP contributions. By boosting your long-term equity investments and adding to short-term hybrid or debt funds, you can ensure that your financial plan remains flexible while growing your wealth steadily.

By following these recommendations, you will not only optimize your current investments but also lay a strong foundation for future financial security. The balance between long-term growth and short-term flexibility is key to meeting your financial goals, and with consistent efforts, you will continue to strengthen your financial portfolio.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Milind

Milind Vadjikar  |96 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 11, 2024

Asked by Anonymous - Sep 10, 2024Hindi
Listen
Money
Hello Sir, I currently have ?5 lacs sitting idle in my savings account and I'm looking for the best way to manage this money considering my financial situation and future needs. Here's a breakdown of my financial state: - Investments: Already invests in equity mutual funds monthly with a long-term horizon. - Insurance: Covered with both health and term insurance. - Emergency Fund: Have 6 months' worth of expenses saved. - Monthly Savings: After all expenses and SIP contributions, I save an additional ?30k each month. - I have an additional ?4 lacs in another bank account for immediate expenses if needed. Personally would like to categorise investments in two categories: - Non-redeemable Mutual Funds: Invest & forget. For a 10-15 year investment horizon. Let compounding do the magic in long term. - Redeemable Mutual Funds: Low to moderate risk. Safer options that offer better returns than FDs, ensuring at least the buying power of the money doesn't decrease / beats inflation. Goals for the Idle Money + additional ?30k savings each month: I might need to access this money in the next 2-5 years, or I might not. I'm considering placing it in redeemable mutual funds category (mentioned above), so I can withdraw if necessary for future expenses. Given this scenario, I’m looking for recommendations on specific types of mutual funds that meet these criteria. Any advice on managing these funds effectively would be greatly appreciated!
Ans: You may consider investing in Equity Savings mutual fund to match your expectations

You can do lumpsum for the idle money and SIP for the monthly saving

They are tax efficient because taxation is like an equity fund although they invest almost equal amount in equity, bonds and arbitrage

Relatively less riskier then the equity funds

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates

...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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