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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on Nov 30, 2022

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Raviteja Question by Raviteja on Nov 30, 2022Hindi
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I am 30years old and a salaried class. My current Investments are around 23000 pm. My financial goal is a higher corpus for my retirement. I want to know how much corpus can be achieved from my investment. My investments are as follows:

Axis Long term equity-2000
Parag parikh flexi cap-3000
Kotak Tax saver Reg Growth-2000
Quant small cap fund-3000
SBI banking & financial services fund-2000
Quant infrastructure fund-2000
Quant tax plan direct Gr-2000
Tata small cap fund-1000
Kotak small cap fund-1000
Axis midcap direct plan-1000
BOI small cap fund-1000
Axis Small cap fund-1000
Canara robeco bluechip equity fund-1000
Quant absolute fund-1000
Dsp banking and Psu debt fund-1000
Icici prudential technology direct plan hr-1000

Please let me know if any changes to be made. Thanks in advance

Ans: Hello Raviteja Natti. There seems to be over-diversification in your portfolio, which may have a negative effect in the long run. AMCs like Parag Parikh, Tata, and BOI can be reconsidered for portfolios. Also, your portfolio needs to be reconcised and reshuffled. The number of schemes recommended per category is limited to two if there are few categories. Furthermore, with 23000 monthly sip, you may achieve a corpus of 53-60 lakh in 10 years with 12-14% CAGR.

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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Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Sep 20, 2023

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Hi Sanjeev, I am 43 years old. I have a monthly sip of 35k going on. I have started investing in mutual fund and sip from year 2013. Total mutual fund plus sip current market value is 1 core 9 lakhs . I plan to invest 35 k per month more for 7 to 8 years , when i want to leave job and do something else. Can you tell me what will be my corpus in 7 to 8 years down the line taking both current valution plus what i am going to continue investing?Also, i have another 1 corore total in other investment like Voluntary provident fund, Epf, ppf and esops from my company and pension fund . Here i do a monthly investment of around 80 k via mostly through company for tax savings. So what will be my total corpus after 7 to 8 yrs. Also, is it good for retirement considering my current monthly expense us 1 lakh.
Ans: It is really great to see that you have started to plan for your post-retirement life and you have accumulated ample amount till now.

If you continue in the same way with a monthly SIP of Rs. 80,000, I am convinced that you will have enough corpus to support yourself throughout retirement.

Accumulated corpus in 8 years with monthly investment of 80,000 and present value 1.09 Crore will likely be 4.12 Crores. Rate of return considered for the calculation is 12% CAGR.

Assuming that you want to maintain your current monthly expense of ₹1 lakh in retirement, it is important to factor in inflation, which will erode the value of your money over time.

Since you have other avenues as well to support your expenses, this will help to create a heftier corpus.

Recommendations:
• Invest in a mix of equity and debt mutual funds to diversify your portfolio and reduce risk.
• Rebalance your portfolio regularly to maintain your appropriate asset allocation as per your requirement.
• Consult with a financial advisor to develop a comprehensive retirement plan.

..Read more

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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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