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29 Years Old: Can I Achieve 1.5 Crore Goal in 15-20 Years With My Current Mutual Fund Portfolio?

Milind

Milind Vadjikar  |387 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 14, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Sep 06, 2024Hindi
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I am 29 years old and I have invest in mutual fund last 1 year ...my sip amount is month 10000 ..I have goal 1.5 cors in 15-20 years. My portfolio is Quant small cap fund=2000 Nippon India small cap fund=1500 Quant mid cap fund=2000 ICICI prudential blue-chip=2000 Aditya Birla Sun Life psu fund=1000 Parak parik flexi fund=2000

Ans: I would recommend you to revise the the MF combination as follows:

Nippon India Small Cap: 3500
Motilal Midcap Fund: 2000
ICICI Pru Bluechip fund: 2000
PPFAS flexicap fund: 3000

Your target is achievable in 20 years but recommend that you top-up SIP every year(15% return considered)

*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

Happy Investing
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  |6568 Answers  |Ask -

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

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My self Neeraj Bajpai and invested Rs. 47000.00 per month in mutual fund through SIP in Axis m/f, SBI Contra fund, Nippon fund, Parag Parikh, Motilal Oswal, Tata etc. My Goal is 2 CR next 9.5 years, its is sufficient. Already invesedt in M/F in Rs. 20 Lakhs for next 9.5 years. Please advise me.
Ans: Hello Neeraj, it's great to see your commitment to investing in mutual funds through SIPs for your financial goals. Let's delve into your situation and explore whether your current investment strategy aligns with your goal of accumulating 2 crores in the next 9.5 years.

Here are some key points to consider:

Current Investment: Your monthly SIP of Rs. 47,000 spread across various mutual fund schemes indicates a disciplined approach towards wealth creation.
Goal Analysis: Your target of accumulating 2 crores in the next 9.5 years is ambitious yet achievable with proper planning and consistent investing.
Assessment of Investment Horizon: With a relatively short time horizon of 9.5 years, it's essential to strike a balance between growth-oriented and stable investment options.
Diversification: Your investment portfolio appears diversified across multiple mutual fund schemes, which is a prudent approach to mitigate risks and capture potential returns from various market segments.
Risk Management: Given the volatility inherent in equity markets, it's crucial to periodically assess and rebalance your portfolio to ensure it remains in line with your risk tolerance and financial goals.
Regular Monitoring: Regularly monitoring the performance of your mutual fund investments and making necessary adjustments based on changing market conditions and your evolving financial situation is imperative for long-term success.
Professional Guidance: While you're already on the right track with your investments, seeking advice from a Certified Financial Planner can provide you with personalized insights and strategies to optimize your portfolio for achieving your financial goals.
In summary, while your current investment approach demonstrates prudence and commitment, it's essential to continue monitoring your portfolio's performance and make adjustments as needed to stay on track towards your goal of accumulating 2 crores in the next 9.5 years. With proper planning, discipline, and professional guidance, you can work towards achieving financial security and prosperity for yourself and your loved ones.

Keep up the good work, Neeraj, and stay focused on your financial goals. Your dedication to investing will undoubtedly yield fruitful results in the years to come.

..Read more

Ramalingam

Ramalingam Kalirajan  |6568 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 04, 2024Hindi
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Hi, I am 29 yr old and i have two sip's: quant flexi cap fund which i started last with 5k and increased to 6k and mireae assed emerging blue chip fund which i started 4 months which 5k. I have investment 5l lumpsum in quant multi cap fund 5l in sbi blue chip fund 1 in nippon large cap fund 1.5l in quant small cap fund. My goal is to reach 1 cr in next 5- 6 yrs span. Please guide me how much i need to invest and in which mutual funds i need to invest into.
Ans: Let's begin by appreciating your proactive approach to financial planning at such a young age. It's commendable that you've already started investing through SIPs and lump sum investments.

Your current portfolio includes a mix of flexi cap, emerging blue chip, multi cap, large cap, and small cap funds, showcasing a diversified investment strategy. However, to evaluate your progress towards your goal of reaching 1 crore in the next 5-6 years, let's delve deeper.

Your SIP investments in Quant Flexi Cap Fund and Mirae Asset Emerging Blue Chip Fund demonstrate a disciplined saving habit. With time, consistent SIPs have the potential to accumulate substantial wealth due to the power of compounding.

Analysis of Portfolio Performance
While your investment choices show promise, it's crucial to assess the performance of your funds periodically. As a Certified Financial Planner, I would suggest reviewing your portfolio at least annually to ensure it aligns with your financial goals and risk tolerance.

Strategic Investment Approach
Given your ambitious goal of accumulating 1 crore in 5-6 years, it's essential to evaluate your investment strategy. Considering the relatively short time frame, a more aggressive approach may be warranted.

Recommendations for Optimizing Portfolio
To optimize your portfolio, consider reallocating your investments towards funds with higher growth potential. You may want to increase your exposure to mid and small-cap funds, which historically have shown greater growth potential over the short to medium term.

Building a Path to 1 Crore
To estimate how much you need to invest regularly, it's essential to consider factors like expected returns, inflation, and time horizon. A Certified Financial Planner can help you calculate the required SIP amount based on these variables, ensuring your investment strategy remains aligned with your goal.

Conclusion
In summary, while your current investment portfolio demonstrates a proactive approach towards wealth accumulation, optimizing it further can enhance your chances of reaching your goal of 1 crore in 5-6 years. Regular reviews and adjustments, coupled with strategic investments, will pave the way for financial success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Milind

Milind Vadjikar  |387 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 13, 2024

Asked by Anonymous - Oct 12, 2024Hindi
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Hi, age 40 years, monthly net salary Rs 85k, married , 1 kid. Recently have constructed new house. Ground floor commercial shops, and 1st floor residential 2bhk flat were we stay. Home loan 1.05 cr with monthly EMI of 85k for next 30 years & All current savings exhausted due to new construction. Commercial shops have potential for monthly rental income of 60k to 70k.please guide on below for strategy: 1) how to close home loan in next 10 years 2) considering 60 as retirement age, need corpus of 8 cr to fund kid education, marriage and for rest of livelihood.
Ans: Hello;

1. Immediately let out the commercial shops on long lease with yearly rent hikes. This is crucial to fund your loan EMI.

Assuming this to yield rental income of 70 K per month.

You will still need to shell out 15 K for the EMI amount from your income.

2. So after deducting EMI cut from your monthly pay we are left with
70 K.
Earmarking 30 K for your regular expenses, I suggest you start a monthly SIP of 40 K in a pure equity mutual fund with yearly top-up of 11% minimum.

This may grow into a corpus of 1.47 Cr after 10 years part of which you may utilise to settle off the overdue loan amount.

3. The balance corpus left after settling the loan is expected to be around 54 L. At this stage you will need enhance monthly sip to 1.5 L with 13 % yearly top-up for the next 10 years.

4. The corpus from SIP after the next 10 years may be 6.3 Cr. The balance corpus of 54 L may grow into a sum of 1.83 Cr. Both added will give you a comprehensive corpus of 8.13 Cr, as desired. ( A modest return of 13% from pure equity mutual funds is considered).

Happy Investing!!

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

...Read more

Nayagam P

Nayagam P P  |3811 Answers  |Ask -

Career Counsellor - Answered on Oct 13, 2024

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Sir the median package at ssnce for cse core is less than rvce ise .So does it make more viable option considering placement in mind .I have a dream of becoming software engineer from my childhood. But my seniors are advising for rvce ise.what to do should I follow my dream or placement.I am a Bangalore resident and Tamil is my mother tongue.
Ans: Ashwin, my son, graduated from RVCE in 2023 and secured employment through campus placement with a reputable software company. Despite being among the highest achievers in COMEDK, he opted for ECE instead of the more accessible CSE. We did not compel him to join CSE. Following his second year, he progressively shown an interest in software and obtained several certifications through NPTEL, Internshala, and similar platforms. Regarding his experience, while ISE is commendable, CSE is the superior option. Simply enter 'RV placement statistics 2024'. Select the initial result to get the Placement Statistics of RV directly. The top placements are for Computer Science Engineering, followed by Electronics and Communication Engineering, and then Information Science Engineering. The recommendations of your seniors, your personal interests, and the branch with the highest placement statistics are distinct considerations. Kindly review the Course Curriculum for both CSE and ISE and make a decision. Kindly review one of my detailed responses below, in which I have explicitly outlined the stages, recommendations, and methods that a first-year engineering student should adhere to till their fourth year for campus placement. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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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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