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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jul 07, 2022

Mutual Fund Expert... more

Question by REDDIPRADAD on Jul 07, 2022Hindi

Money

I am 29yrs old and salaried person. I want to invest in Mutual Funds. Till now I have taken Life coverage and some guaranteed plans and paying since 2020 for 8yrs. Now I want to invest in mutual funds. Please suggest me the Mutual funds, where I want to invest for 15+ yrs.

Ans: The funds that you may consider are:

- Samco Flexi Cap Fund -- Growth

- Axis Esg Equity Fund Regular Growth

- Uti Flexi Cap Fund – growth

- Hdfc Index Fund -- Sensex Plan -- Growth

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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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Aug 03, 2022

Question by Binayak - Aug 03, 2022Hindi

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I am 38 years old and a salaried person. Following are my current mutual fund investments. 1. SBI Blue Chip fund- Direct Growth. Monthly SIP of Rs 3000 2. Sundaram Large and Mid Cap fund- Direct Growth. Monthly SIP of Rs 3000 3. PGIM India Midcap Opportunity fund Direct Growth. Monthly SIP of Rs 3000 4. NIMF Small Cap Fund Direct Growth. Monthly SIP of Rs 3000 5. UTI MNC Fund Direct Growth. Monthly SIP of RS 3000 Started in 2019 with annual step up of 10%. I want to invest for another 15 years. Kindly suggest about the funds.

Ans: Nice funds; please continue no change required.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jun 01, 2022

Question by Binayak - Jun 01, 2022Hindi

Money

I am 38 years old and a salaried person. Started in 2019 with annual step up of 10 per cent. I want to invest for another 15 years. Kindly suggest about the funds. Following are my current mutual fund investments: SBI Blue Chip fund- Direct Growth. Monthly SIP of Rs 3000 Sundaram Large and Mid Cap fund- Direct Growth. Monthly SIP of Rs 3000/- PGMI India value fund Direct Growth. Monthly SIP of Rs 3000/- NIMF Small Cap Fund Direct Growth. Monthly SIP of Rs 3000/- UTI MNC Fund Direct Growth. Monthly SIP of RS 3000/-

Ans: Funds are good; please continue

Ramalingam Kalirajan |6999 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 01, 2024

Asked by Anonymous - Jul 21, 2024Hindi

Money

Hello, i want to start investing in mutual funds for like 10-15 years time period. Can you suggest me which funds should i investment in and what should i do. I am planning to invest 1k per month because i don't have high salary and i have to pay home expenses. I will increase the amount by certain percentage every 10 months. Can you guide me in this. Thank you!!

Ans: Design a Proper Investment Plan
You intend to have a time horizon of 10-15 years of investment in mutual funds. You will start with a decent amount of Rs 1,000 per month. You will increase the amount every 10 months.

Selection of Correct Funds
Diversified Equity Fund:

Start your investment with a diversified equity fund.
These funds are invested in various sectors.
Balanced Fund:

Then, consider balanced funds.
Their investment is in equity and debt. A Mid-Cap and Small-Cap Funds
For better returns, add mid-cap and small-cap funds.
These funds invest in medium and small companies.
How to Increase Your SIP
Regular Increase:

Increase your SIP amount every 10 months.
Start with Rs 1,000 and gradually increase.
Percentage Increase:

Increase by a certain percentage each time.
This helps in building a substantial corpus.
Benefits of Long-Term Investment
Compounding Effect:

Longer investment periods yield better returns.
Compounding helps grow your money over time.
Market Fluctuations:

Long-term investments reduce market risk.
Short-term fluctuations have less impact.
Monitoring and Reviewing
Annual Review:

Review your portfolio annually.
Performance Adjustment:
Adjust based on performance
Stay Informed:
Stay informed about market trends
Read all financial news and reports
Other Tips
Emergency Fund:

Always maintain an emergency fund
Always keep 3-6 months expense in liquid form
Not Frequent Withdrawals:
Let it Grow
Avoid frequent withdrawals for maximum benefit
CFP
Always consult a CFP
They shall help you with personalised advice
Final Insights
You can start investing in mutual funds with as much as Rs 1,000 a month. Go for diversified equity, balanced, and mid-cap funds. Also, remember to increase the amount of money in the SIP from time to time along with changes in income. Be well-informed, but for all personalized guidance, do seek out a Certified Financial Planner.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

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Mutual Funds, Financial Planning Expert - Answered on Nov 09, 2024

Question by Vimal - Nov 09, 2024Hindi

Money

During younh age 3 credit carf payment were delayed and settled bu bank. My cibil score now is 765 this is due to past faults 20yrs back. How can i rectify iy?

Ans: Since your CIBIL score is now a strong 765, it reflects a solid recovery despite past issues. However, to further improve it, focus on maintaining a perfect repayment history for all current credit. Avoid closing old accounts with good history, as they contribute positively. Regularly monitor your CIBIL report to ensure no errors. Over time, consistent and responsible credit behavior will enhance your score further.

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Milind Vadjikar |599 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 09, 2024

Asked by Anonymous - Nov 09, 2024Hindi

Money

Hello All . Looking for some advice I am 36 yr old and working class with Sal of 32 lakhs per annum Current savings are 33 lakhs in PPF / PF and Gratuity 3 lakhs in Shares and Mutual Fund 10 lakhs in Physical Gold 20 lakhs in Cash Liabilities Home loan outstanding 30 lakhs I wish to retire with corpus of 5cr and at age of 50 What do you think should change in my current portfolio

Ans: Hello;

You may begin a monthly sip of 80 K into a combination of pure equity mutual funds and continue for 14 years.

At 50, your sip may yield you a corpus of around 3.5 Cr.

The PF corpus will grow over 14 years into a sum of around 1 Cr. No additional contributions are assumed, which may be deemed as surplus.

The gold holding if liquidated and invested in equity mutual funds as lumpsum will yield a corpus of around 0.5 Cr after 14 years.

If you do not wish to liquidate gold holdings then the monthly sip may be hiked to 90 K.

The gold holding will grow in value to around 0.25 Cr over 14 years and 90 K sip will yield corpus of 3.75 Cr+.

Considering both scenarios you achieve your target of 5 Cr in 14 years:

80 K sip-3.5 Cr in 14 years
Pf value-1.0 Cr in 14 years
Gold holdings converted to equity MF holdings: 0.5 Cr in 14 years
Grand Total -5.00 Cr

90 K sip- 3.75 Cr+ in 14 years
Pf Value- 1.00 Cr in 14 years
Gold Value- 0.25 Cr in 14 years
Grand Total -5.00 Cr+

Pure equity MF returns assumed at 12%, PF at 8% and Gold return at 7%.

Happy Investing;

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Hi iam 32 year old mechanical engineering graduate. Iam a home maker since I completed my graduation. Now I want to do something in my life, learn different things, earn along with taking care of my family(husband and children). Iwas a very good student till engineering 2nd year then I lost interest because of stagnant studies in our college and no practicality. No one was there to guide us in our college. Now iam getting from my deep with in I should do something, I should learn and grow daily. I should earn and be financially independent and free financially till the age of 42. Can you please suggest me what are my opportunities, how can I grow ? Iam also interested in mathematics and history, these days I have a liking towards computer sciences too. What will you suggest?

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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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