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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on May 22, 2023

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
Dharmish Question by Dharmish on May 11, 2023Hindi
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Money

I am 33 and want to start SIP. I can invest 15K - 20K per month. Kindly advise. Also i want to invest Rs. 2 Lakhs as lumpsum.

Ans: Hello Dharmish. Considering your age factor & requirement, I would suggest to start sip in categories such as large cap, multicap, mid cap and small cap. You may achieve a corpus of 34-45 Lakhs in next 10 years with 12% 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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Ramalingam

Ramalingam Kalirajan  |8058 Answers  |Ask -

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

Asked by Anonymous - Apr 28, 2024Hindi
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Sir i want to invest in sip my monthly saving will be between 1000 to 2500 Rs please advice.
Ans: It's great that you're looking to start investing through SIPs with your monthly savings! Here's some advice tailored to your budget:

Start Small: Even with a modest monthly savings of Rs. 1000 to 2500, you can begin investing through SIPs. The key is to start early and remain consistent with your contributions.
Choose Low-Cost Funds: Look for mutual funds with low expense ratios, as they minimize the impact of fees on your returns. Opt for direct plans of mutual funds to save on distribution expenses.
Focus on Equity Funds: Given your long-term investment horizon, consider investing in equity mutual funds. These funds have the potential to deliver higher returns over the long run, although they come with higher volatility.
Diversify Your Portfolio: Select a mix of different types of equity funds, such as large-cap, mid-cap, and multi-cap funds, to spread your risk across various market segments. Diversification can help mitigate the impact of market fluctuations.
Stay Invested for the Long Term: SIPs work best when you stay invested for the long term, allowing your investments to benefit from the power of compounding. Aim to invest consistently over several years to maximize your returns.
Review and Adjust: Periodically review your SIP investments to ensure they align with your financial goals and risk tolerance. You may need to adjust your investment strategy based on changes in your financial situation or market conditions.
Stay Informed: Take the time to educate yourself about mutual funds, investment strategies, and market trends. This knowledge will empower you to make informed decisions and stay on track with your financial goals.
Consult a Financial Advisor: If you're unsure about which funds to invest in or how to construct your investment portfolio, consider consulting a financial advisor. They can provide personalized advice based on your financial situation and goals.
By following these tips and starting your SIP journey with discipline and patience, you can gradually build wealth over time and work towards achieving your financial objectives. Remember, every rupee invested today can make a difference in securing your financial future tomorrow.

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Ramalingam

Ramalingam Kalirajan  |8058 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 04, 2024

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Hi sir iam 36 yrs right now.i am planning to start sip of around 10000rs per month.please suggest some funds to invest
Ans: starting a SIP is a great decision. It's good to start early and stay consistent.

At 36, you have ample time to build a strong portfolio.

Importance of SIPs
Systematic Investment Plans (SIPs) are powerful.

They help you invest small amounts regularly and build wealth over time.

SIPs also bring discipline and mitigate market volatility.

Categories of Mutual Funds
Equity Mutual Funds
Equity funds invest in stocks.

They offer high growth potential but come with higher risk.

Ideal for long-term goals due to compounding.

Debt Mutual Funds
Debt funds invest in bonds and fixed-income securities.

They provide stable returns with lower risk.

Suitable for short to medium-term goals.

Hybrid Mutual Funds
Hybrid funds combine equity and debt.

They balance risk and reward.

Good for medium-term goals.

Evaluating Your Risk Appetite
Before choosing funds, assess your risk tolerance.

Higher risk can bring higher rewards but also higher losses.

Choose a mix of funds that match your comfort level.

Recommended Fund Types
Large Cap Funds
Large cap funds invest in large, established companies.

They are less volatile and provide stable returns.

Mid Cap Funds
Mid cap funds invest in medium-sized companies.

They offer higher growth potential with moderate risk.

Small Cap Funds
Small cap funds invest in small, emerging companies.

They are high-risk but can give high returns over the long term.

Multi Cap Funds
Multi cap funds invest across large, mid, and small cap stocks.

They offer diversification and balance risk and reward.

Balanced Advantage Funds
Balanced advantage funds adjust between equity and debt.

They provide stability and growth.

Suitable for moderate risk investors.

Steps to Start Your SIP
Define Your Goals

Identify your financial goals.

Is it retirement, children's education, or a big purchase?

Set Your Budget

You mentioned Rs. 10,000 per month.

Make sure it's affordable and sustainable.

Choose Fund Categories

Based on your risk appetite, select a mix of equity, debt, and hybrid funds.

Start Small and Increase Gradually

Begin with Rs. 10,000 and increase as your income grows.

Monitoring and Rebalancing
Regularly review your investments.

Rebalance your portfolio based on performance and market conditions.

This keeps your investments aligned with your goals.

Tax Implications
Understand the tax implications of your investments.

Equity funds held for over a year have lower tax rates.

Debt funds held for over three years benefit from indexation.

Final Insights
Starting a SIP is a smart move.

Your plan to invest Rs. 10,000 monthly is a great start.

Diversify across large cap, mid cap, small cap, and balanced funds.

Monitor and rebalance regularly to stay on track.

With consistency and smart choices, you’ll achieve your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8058 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 14, 2025

Asked by Anonymous - Jan 14, 2025Hindi
Money
Iam 48 year man , no investment yet. I need to start invest 30000 monthly in sip. Please advise.
Ans: You are taking a vital step toward financial stability. Starting SIPs of Rs 30,000 monthly is a great choice. Here's how you can maximise this opportunity:

1. Understand Your Financial Goals
Define your goals clearly.
Split goals into short-term, medium-term, and long-term categories.
For instance, goals may include retirement, children's education, or a contingency fund.
2. Emergency Fund Comes First
Build an emergency fund equal to 6-12 months' expenses.
Keep it in a liquid fund or savings account.
This ensures financial security during unexpected events.
3. Risk Assessment
Assess your risk tolerance based on age, goals, and responsibilities.
As you are 48, balance risk and returns carefully.
Avoid taking excessive risks at this stage of life.
4. Asset Allocation is Key
Allocate funds wisely between equity, debt, and hybrid mutual funds.
Equity mutual funds are ideal for long-term goals like retirement.
Debt funds suit medium-term goals like a child’s education.
Hybrid funds offer balanced growth and safety for moderate goals.
5. Select Actively Managed Funds
Actively managed funds can outperform index funds in the Indian market.
Fund managers adapt strategies to market conditions.
This flexibility can lead to better returns compared to index funds.
6. Systematic Investment Plans (SIPs)
Invest Rs 30,000 monthly in a mix of equity, debt, and hybrid funds.
SIPs bring financial discipline and reduce market volatility impact.
Long-term SIPs benefit from the power of compounding.
7. Tax Efficiency in Mutual Funds
Equity mutual funds offer lower long-term capital gains (LTCG) tax.
LTCG over Rs 1.25 lakh annually is taxed at 12.5%.
Debt funds are taxed as per your income tax slab.
Choose funds based on your tax bracket and investment horizon.
8. Regular Funds Through a CFP
Invest in regular funds with guidance from a Certified Financial Planner.
CFPs help you choose the right funds based on your goals.
Regular funds come with professional support for better management.
9. Review and Rebalance Portfolio
Review your investments every six months or annually.
Rebalance based on market changes and goal progress.
Adjust allocations to maintain an optimal risk-return balance.
10. Insure Yourself Adequately
Ensure sufficient health and life insurance coverage.
Avoid mixing investment and insurance in one product.
A term insurance policy is ideal for life cover.
11. Retirement Planning is Crucial
Invest in equity funds for long-term retirement goals.
Aim for a corpus that sustains your post-retirement lifestyle.
Consider inflation and rising healthcare costs while planning.
12. Monitor Lifestyle Inflation
Keep lifestyle inflation in check to save more.
Prioritise needs over wants to increase your savings potential.
Focus on financial discipline for a secure future.
13. Avoid Common Pitfalls
Avoid stopping SIPs during market downturns.
Do not withdraw funds prematurely without valid reasons.
Avoid emotional decisions; stick to your plan.
14. Consult a Certified Financial Planner
A CFP ensures you stay aligned with your financial objectives.
They help optimise your portfolio for better returns.
Professional guidance helps you navigate market complexities.
15. Educate Yourself About Investments
Understand the basics of mutual funds and market dynamics.
This knowledge helps you make informed decisions.
Stay updated on economic trends and fund performance.
Finally
Your initiative to invest Rs 30,000 monthly is commendable. Consistency and discipline will bring excellent results. Follow the above steps to build a robust financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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Dr Upneet

Dr Upneet Kaur  |9 Answers  |Ask -

Marriage counsellor - Answered on Feb 27, 2025

Asked by Anonymous - Feb 22, 2025Hindi
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Relationship
I am a 31-year-old woman, married for 5 years, with a 3-year-old daughter and a 1-year-old son. I got married in 2019 at the age of 26, while my husband was 28. Both of us are entrepreneurs and have been running a coal business. Unfortunately, when COVID hit in 2020, our business faced significant challenges, and we have struggled to recover since then. As a result, we moved in with my in-laws. During this transition, I had my daughter and son. We've been actively trying to start a new business, but it hasn't quite come together yet. My husband recently found a job that he loves, although it doesn't pay well enough to allow us to move out. He seems content in this position because it's close to home and aligns with his passion. However, I feel frustrated because when I suggest he look for a higher-paying job to improve our situation, he is hesitant since he’s focused on pursuing what he loves. Living with my in-laws has been challenging, as our relationship has had its difficulties from the start. I'm concerned that they are unintentionally affecting my children's perspective on parenting, and they aren't able to care for the kids regularly so I can explore job opportunities, including remote work. I often feel trapped and hopeless but recognize that leaving this situation isn’t viable financially. Returning to live with my parents is also not an option due to the complicated dynamics there. Despite these challenges, I want to find a way to navigate my feelings of isolation and make progress. I would appreciate any advice or constructive suggestions on how to improve our situation and create a more supportive environment for my family and myself. Thank you.
Ans: Hello mam
I am sorry to hear about the loss your business made in covid. That time was a real challange for all of us.
Lets focus on your problem now. Mam, as now you are living with your in laws, I am sure your husband must be feeling bery secure and happy. But you may have some challanges. Diffrence of opinion always occur in joint families specially when parenting of kids are involved coz they want to raise your kids according to them which can sometime create conflicts Between the family members. Tou can discuss the matter with your husband without blaming anyone and then with his help you can talk to your in laws to support a little bit so that you can also search further for a job. This will increase your satisfaction level and you ll be happy in your family.
Think about it and try this out. I am sure it will work. Plz do tell me your feedback. Take care !
Regards
Dr Upneet kaur
Reach me : https://www.instagram.com/dr_upneet

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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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