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Vivek

Vivek Lala  |220 Answers  |Ask -

Tax, MF Expert - Answered on Jan 24, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Asked by Anonymous - Jan 05, 2024Hindi
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Money

Hi. I am 35 years old. I am married and have 1 son aged 4 years. Currently I am investing 25000/- per month in MF as details mentioned below 5000/- per month in mirrae asset ELSS tax saver fund 5000/- per month in PGIM midcap opportunity fund 5000/- per month Quant absolute fund 4000/- quant small cap fund 2000/- quant infrastructure fund 2000/- quant active fund Are these funds good or should I exit from any fund. My moto is to get atleast 2 crore till I turn 55

Ans: Hello, as per the fund mentioned i see that you are super diversified which is not needed
You can select the following asset allocation :
30% small cap
30% mid cap
20% multicap
10% thematic fund / momentum fund
10% value fund

And yes with 25K a month you can get to your goal of 2crs by the age of 55yrs

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.
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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Sir I have been investing in MF's for last 5 years. However I have not taken any expert advice or from a certified planner while selecting funds. However I want to understand if I have invested in good funds with the objective of long term wealth creation. PPFAS FLEXI CAP Direct Growth-5200 ICICI Pru Value Discovery-1500 Tata ELSS tax saver-1000 Canara Robeco ELSS tax saver-1000 Axis ELSS tax saver-1000 Quant small cap direct growth-2600 PGIM India mid cap growth-2500 HDFC children gift fund-5000 SBI Magnum children benefits fund-5000. Kindly let me know if I am right track.
Ans: It's great that you've been investing for the last 5 years with a focus on long-term wealth creation. Your portfolio appears to be diversified across flexi cap, value-oriented, tax-saving, small cap, mid cap, and children's funds, which is a positive approach.

To assess if you're on the right track:

Diversification: Your portfolio seems to be diversified across different fund categories, which can help in spreading risk.
Tax Planning: Investing in ELSS tax saver funds can provide tax benefits under Section 80C of the Income Tax Act, enhancing your overall tax planning strategy.
Long-Term Focus: With your investment horizon aligned with long-term wealth creation, the funds chosen generally cater to this objective.
However, it's essential to periodically review your portfolio's performance, ensure alignment with your risk tolerance, and make adjustments as needed. Consider consulting a certified financial planner for a comprehensive review tailored to your financial goals and risk profile.
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Dear Sir, Below is the report of my wife CT SCAN CONTRAST My question is for KIDNEY damage that how much chances are there if kidney stone operation done successfully, means as of now kidney is works or not works. MSCT SCAN OF KUB MSCT imaging was performed using submillimeter thin contiguous axial scan of KUB with oral and I.V. contrast. Coronal and sagittal Reformatted images were obtained. FINDINGS/OBSERVATIONS: Right kidney and ureter: RK measures :72 x 36 mm 4 mm sized calculus (800 HU) is noted in lower calyx of right kidney. Rightkidney shows moderate hydronephrosis with dilated upper ureter with presence of 11.5 x 7 mm sized calculus (1400hu) approximately 3.6 cm distal to the right PUJ. There is seen multiple cortical scarring and thinning of parenchyma involving the right kidney. No renal mass or other lesions. N Left kidney and ureter: LK measures :107x50 mm. No calculi. No hydronephrosis or hydroureter. No renal mass or other lesions. No urothelial lesions: No filling defect, dilation, stricture or wall thickening. Urinary bladder: Well distended. No evidence of calculi or obvious mass lesion. On post-contrast study, both the kidneys shows normal post-contrast enhancement and simultaneous excretion. IMPRESSION: 1. Right kidney shows moderate hydronephrosis with dilated upper ureter with presence of 11.5 x 7 mm sized calculus (1400hu) approximately 3.6 cm distal to the right PUJ. 2. Multiple cortical scarring and thinning of parenchyma involving the right kidney.
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Asked by Anonymous - Apr 20, 2024Hindi
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Hello my name is yash I have completed by studies in bsc it I have done jobs of cashier and application support analyst during my studies. No my studies are over I find myself to fit in job as per requirement but I am not satisfied sometimes I feel I am not meant for this I have issues from office like work extra over over time. I want to ask is there everywhere over time of employees to be spend 10-12 hours in office. Secondly I feel that should work in environment where I can move and do work means field work in which I feel I am not bounded in short I want work life balance. I love to read books, I love to do on ground activities in back of my mind I have civil services plan in which I have a permission to work freely. But condition is that how can I do if office demands max hours of my life it's bit confusing for me
Ans: Your name is Yash =Success, but you are far from it because you are on the wrong path.

The education and job as per your statement now matches your profile ,but you are not satisfied because of your work time.. Understand your predicament!

Travelled by bus,train ...realised how many hour's they are driving for you.. When you sleep!?
Forget about being a soldier you cant qualify!

Looking for a cushy and comfortable job, you have just started young man.. Get your thought process right!

The Civil Service means Govt job and you think, once you get it, you can then ruminate!?
Not any more, everywhere there are deliverable's.

Now the balance for work & life balance comes when you have the income to treat yourself, let alone repay the debt of your parent's.

Nobody stops you to do what you love but after a good days work.. Man!?

There's nothing called freely work, all gods children have bosses ,except GOD !

So your confusion of work timings will end, when you have the determination to dedicate & deliver ...success!
Got it.. there's nothing that comes on a platter! Go get it before you are left behind.. Be the YASH!
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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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