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Ramalingam

Ramalingam Kalirajan  |6275 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 25, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Apr 25, 2024Hindi
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Hi Sir . I am a 34-year-old man with a monthly income of 1.4 Lakh. I have a 1-year-old son. I haven't invested in mutual fund investments before and seek your guidance on how much to invest and in which mutual funds. My financial goals are as follows: Accumulate atleast 6 crores before retirement (in the next 20 years). Save atleast 1-2 crore for my son's higher education in the next 20 years. Set aside atleast 50 lakhs for my son's marriage in the next 25 years. My current investments include: PPF - 1.5 Lakhs per annum for the last 5 years. NPS - 50000 per annum for the last 3 year. ULIP - 1.2 Lakh per annum for last 1 year One SBI scheme - 1.2 Lakhs per annum for last 3 years My wife is also working with monthly income of 1.4 Lakhs. I would greatly appreciate your advice on how to structure my mutual fund investments to achieve these goals. Thank You.

Ans: It's commendable that you're planning ahead for your family's future. With clear financial goals and a steady income, you're already on the right path. Given your aspirations, mutual funds can play a pivotal role in achieving these milestones.

For your retirement goal of accumulating 6 crores in 20 years, systematic and disciplined investing will be key. Similarly, for your son's education and marriage funds, a structured approach can make a significant difference.

Considering your current investments in PPF, NPS, ULIP, and other schemes, mutual funds can complement these by offering diversification and potential growth opportunities. A Certified Financial Planner can help you tailor an investment strategy aligned with your goals, risk tolerance, and time horizon.

Remember, investing is a journey, not a race. It requires patience, diligence, and periodic review. By investing wisely and staying committed to your goals, you can pave the way for a secure and prosperous future for your family. Best wishes on your financial journey!
Asked on - Apr 25, 2024 | Answered on Apr 25, 2024
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Thanks you Sir, I am based out in Pune but totally confused how to select a good CFP. Can you please help me in this like where to look for . Also , can you also suggest Mutual Funds which I can invest in on monthly basis and how much. Thank You
Ans: Please search for "online financial planning & Retirement planning services with a Holistic Approach" in Google and then follow the below steps with the results.

Research: Start by researching reputable brokerage firms that offer mutual fund advisory services. Look for firms with a strong track record, experienced financial advisors, and a range of services tailored to your needs.

Consultation: Schedule a consultation with the brokerage firm to discuss your financial goals, risk tolerance, investment preferences, and other relevant factors. This initial meeting will help the advisor understand your needs and recommend suitable investment strategies.

Advisory Services: Once you've selected a brokerage firm, the advisor will work with you to develop a personalized mutual fund investment plan. They will recommend specific funds based on your financial objectives and provide ongoing guidance to help you navigate the market.

Regular Reviews: Schedule periodic reviews with your advisor to assess the performance of your mutual fund investments, review changes in your financial situation, and make any necessary adjustments to your investment strategy.


By following these steps, you can access the expertise of professional brokerages to assist you in financial planning and investment management.
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  |6275 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 23, 2024

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Hi Sir . I am a 41-year-old woman with a monthly income of 1.4 Lakh. I have a 14-year-old son. I haven't invested in mutual fund investments before and seek your guidance on how much to invest and in which mutual funds. My financial goals are as follows: Accumulate 6 crores before retirement (in the next 17 years). Save 1 crore for my son's higher education in the next 7 years. Set aside 50 lakhs for my son's marriage in the next 12 years. My current investments include: PPF - 1.5 Lakhs per annum for the last 5 years. VPF - 1.6 Lakhs per annum for the last 2 years. NPS - 10,000 per month for the last 1 year. I would greatly appreciate your advice on how to structure my mutual fund investments to achieve these goals Thank you
Ans: You've set commendable financial goals, laying a strong foundation for your future and your son's. Given your monthly income and current investments, it's essential to strategize wisely for optimal growth.

Considering your long-term goals, a diversified approach is crucial. Start with an equity-heavy portfolio for the long-term goals, aiming for higher returns, while keeping a balanced approach for the medium-term goals like your son's education.

For your retirement corpus of 6 crores in 17 years, an equity-heavy allocation is advisable, as equities historically offer better returns over the long run. For your son's education and marriage, consider a balanced allocation between equity and debt to balance risk and return.

Remember, investing is a journey, not a destination. Regularly review and adjust your portfolio based on life changes, market conditions, and financial goals. A financial advisor can provide personalized guidance, ensuring you stay on the right path towards achieving your dreams. Happy investing!

..Read more

Ramalingam

Ramalingam Kalirajan  |6275 Answers  |Ask -

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

Asked by Anonymous - Apr 24, 2024Hindi
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Hi Sir . I am a 34-year-old man with a monthly income of 1.4 Lakh. I have a 1-year-old son. I haven't invested in mutual fund investments before and seek your guidance on how much to invest and in which mutual funds. My financial goals are as follows: Accumulate atleast 6 crores before retirement (in the next 20 years). Save atleast 1 crore for my son's higher education in the next 15 years. Set aside atleast 50 lakhs for my son's marriage in the next 20-25 years. My current investments include: PPF - 1.5 Lakhs per annum for the last 5 years. NPS - 50000 per annum for the last 3 year. ULIP - 1.2 Lakh per annum for last 1 year One SBI scheme - 1.2 Lakhs per annum for last 3 years My wife is also working with monthly income of 1.4 Lakhs. I would greatly appreciate your advice on how to structure my mutual fund investments to achieve these goals. Thank You.
Ans: Given your financial goals and current investments, here's a suggested approach to structure your mutual fund investments:

Retirement Corpus (6 Crores in 20 years):
Start SIPs in diversified equity mutual funds with a focus on long-term growth. Allocate a significant portion of your investments towards equity funds to harness their wealth-building potential over the long term. Consider a mix of large-cap, mid-cap, and multi-cap funds to diversify across market segments and manage risk effectively. Review and increase your SIP amounts periodically, considering your income growth and inflation.
Son's Higher Education (1 Crore in 15 years):
Allocate a portion of your mutual fund investments specifically towards your son's education goal. Since the timeframe is relatively shorter, consider a balanced approach with a mix of equity and debt funds to balance growth potential with capital preservation. Gradually shift towards debt-oriented funds as the goal approaches to safeguard against market volatility and ensure capital protection.
Son's Marriage (50 Lakhs in 20-25 years):
Similar to the education goal, allocate a portion of your investments towards your son's marriage goal. Since the timeframe is longer, you can afford a more aggressive approach with a higher allocation towards equity funds. As the goal approaches, gradually shift towards more conservative investments to protect the accumulated corpus.
Review and Rebalance:
Regularly review your mutual fund investments and rebalance your portfolio as needed to ensure alignment with your financial goals and risk tolerance. Consider consulting with a Certified Financial Planner to periodically reassess your goals, investment strategy, and progress towards achieving them.
Remember, investing is a long-term commitment, and staying disciplined, diversified, and focused on your goals is key to achieving financial success.

..Read more

Ramalingam

Ramalingam Kalirajan  |6275 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 25, 2024

Asked by Anonymous - Apr 25, 2024Hindi
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Hello Sir, I am 42 years old women. Earning 1 LPM in hand. I Have 15 years old son. I never invested in mutual funds. Requesting your advice to start investing in mutual funds, like how much in which mutual funds. so I can achieve below goals 5 cr before retirement( in next 16 years) 1 cr for my son higher education by another 7 years. 1 Cr for my son marriage in another 10 years Current investments are: 1. PPF - 1.5 LPA from last 5 years ( planning to reduce considering the interest rate ) 2. VPF - 22k per month from last 2 year 3. PF- 12k per month ( and additional 12k from Employer) ( I have total around 20 L in PF now ) 4. NPS - 10k per month from last 1 year Kindly please help me with your answers considering no other income stream.
Ans: It's commendable that you're looking to start investing in mutual funds to achieve your financial goals. With a clear vision and a steady income, you're well-positioned to embark on this investment journey.

Given your goals and current investments, here's a suggested approach:

Retirement Corpus (5 Cr in 16 years): Given the time horizon, you can consider investing in a combination of equity mutual funds for higher returns potential and debt mutual funds for stability. An SIP in diversified equity funds and balanced funds could be a good starting point.
Son's Higher Education (1 Cr in 7 years): To achieve this goal, you might consider investing in a mix of equity and debt funds, leaning more towards equity for higher growth potential.
Son's Marriage (1 Cr in 10 years): Similar to the education goal, a blend of equity and debt funds can be considered. You might also explore targeted funds designed for specific financial goals.
Given your current investments in PPF, VPF, PF, and NPS, you have a stable foundation. However, considering the reducing interest rates and your goals' timelines, diversifying into mutual funds could potentially offer higher returns.

A Certified Financial Planner can provide personalized advice tailored to your needs, risk tolerance, and investment horizon. They can help you select suitable mutual fund categories, recommend investment amounts, and guide you on portfolio diversification.

Remember, investing is a long-term commitment, and it's essential to stay invested and review your portfolio periodically. Best wishes on your investment journey towards achieving your financial goals!

..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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