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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Oct 13, 2022

Mutual Fund Expert... more
syed Question by syed on Oct 13, 2022Hindi
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I am 34 years old. I need 1cr in next 10-12 years. I have invested in below mutual funds. Please give your valuable suggestions.

 1. Tata digital India fund regular growth-2500/ month

2. ICICI prudential flexicap fund direct plan growth- 7000/month

3. ICICI prudential smallcap fund direct plan growth- 2000/month

Ans: Funds are fine, for a corpus of Rs 1 cr; Rs 40K monthly investment is required.

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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I am 40 plan to get 1cr in next 10 year how much invest? Please suggest which mutual funds are good
Ans: To accumulate 1 crore in the next 10 years, you'll need to calculate the required monthly investment based on your expected rate of return. Here's a general outline to help you get started:

Calculate Required Monthly Investment: Determine the monthly investment required to reach your goal of 1 crore in 10 years based on your expected rate of return. You can use online SIP calculators or consult with a financial advisor to perform this calculation.
Choose Suitable Mutual Funds: Look for mutual funds that have a track record of consistent performance, align with your risk tolerance, and have the potential to deliver competitive returns over the long term. Consider a mix of large-cap, mid-cap, and multi-cap funds to diversify your portfolio and mitigate risk.
Review Fund Performance: Evaluate the historical performance of mutual funds you're considering investing in. Look for funds with a proven track record of outperforming their benchmarks and peers over various market cycles.
Consider Expense Ratios: Pay attention to the expense ratios of mutual funds, as lower expense ratios can lead to higher net returns over time. Choose funds with reasonable expense ratios that don't erode your investment returns significantly.
Seek Professional Advice: Consider consulting with a certified financial planner or investment advisor who can provide personalized recommendations based on your financial goals, risk tolerance, and investment horizon. They can help you create a customized investment plan tailored to your needs and objectives.
Remember to regularly review your investment portfolio and make adjustments as needed to stay on track towards achieving your financial goals. With careful planning and disciplined investing, you can work towards building a substantial corpus of 1 crore over the next 10 years.

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am 40 plan to get 1cr in next 10 year how much invest? Please suggest which mutual funds are good
Ans: To accumulate 1 crore in 10 years, you need to calculate the required monthly investment based on your expected rate of return. Here's a general approach:

Determine the expected rate of return: Based on historical data, a reasonable expectation for annual returns from equity mutual funds could be around 12-15%.
Use a financial calculator or online SIP calculator to find the monthly investment required to reach 1 crore in 10 years at your expected rate of return.
Once you have the required monthly investment amount, consider allocating it across a diversified portfolio of mutual funds. Look for funds with a track record of consistent performance, experienced fund managers, and aligned investment philosophy.
Since you have a 10-year investment horizon, you can afford to take some risk for potentially higher returns. Consider a mix of equity-oriented funds such as large-cap, mid-cap, and multi-cap funds to diversify across market segments and manage risk effectively.
Regularly review your investments and make adjustments as needed based on changes in your financial goals, market conditions, and risk tolerance.
Consult with a Certified Financial Planner for personalized advice tailored to your specific needs and goals.
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Dr. Shyam, I had my teeth cleaned 6 months ago and after that was done I saw discoloration on certain teeth that wasn't there before. Years ago I had my teeth cleaned and one particular tooth after the cleaning was sensitive to touch. I had a crown put in from two different dental offices. The first one did the crown right, but was trying to charge me $3,500 more than the agreement they made with Medicare. Medicare corrected that. I other dentist did a crown and it didn't go all the way up to my gums and is sensitive to especially cold things. I'm not having very good experiences with dentist by and large. Can't find an honest one or one that can actually do the job right. I feel being on Medicare your a target to bring in money. Not sure what to do next. Supposed to go back and have them redo the crown that didn't go to my gums, but it also was ttd place to didn't clean my teeth right and discolored some of them. Any suggestions on how to trust there is actually an capable and honest dentist out there who can perform properly?
Ans: Identifying a capable and honest dentist is crucial for your oral health and well-being. Here are some tips to help you find one:

1. Ask for referrals: Ask friends, family, or coworkers for recommendations. They can provide valuable insights into a dentist's work quality and bedside manner.

2. Check credentials: Ensure the dentist has the necessary qualifications, certifications, and licenses. You can verify this information with your state's dental board or professional organizations like the American Dental Association (ADA).

3. Check online reviews: Look up the dentist on review platforms. Pay attention to the overall rating and read the comments to understand the strengths and weaknesses. At the same time, do not rely on reviews alone as these can be manipulated, fake reviews can be easily generated.

4. Evaluate their communication style: A good dentist should listen to your concerns, explain procedures clearly, and answer questions patiently. Ensure you feel comfortable asking questions and discussing your treatment.

5. Assess their facility and equipment: A well-organized and modern dental office with up-to-date equipment is a good sign.

6. Check their approach to preventive care: A capable dentist emphasizes preventive care, including regular cleanings, exams, and education on oral hygiene.

7. Be wary of over-treatment: A honest dentist will not recommend unnecessary procedures. Be cautious if you feel pressured into extensive treatments.

8. Trust your instincts: If something feels off or you don't click with the dentist, it's okay to explore other options.

10. Schedule a consultation: Many dentists offer initial consultations or meet-and-greets. Use this opportunity to assess their approach, ask questions, and gauge your comfort level.

By following these steps, you can increase your chances of finding a capable and honest dentist who prioritizes your oral health and well-being.

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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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