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Jinal

Jinal Mehta  |95 Answers  |Ask -

Financial Planner - Answered on Feb 01, 2024

Jinal Mehta is a qualified certified financial professional certified by FPSB India. She has 10 years of experience in the field of personal finance.
She is the founder of Beyond Learning Finance, an authorised education provider for the CFP certification programme in India.
In addition, she manages a family office organisation, where she handles investment planning, tax planning, insurance planning and estate planning.
Jinal has a bachelor's degree in management studies. She also has a diploma in in financial management from NMIMS, Mumbai.
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Sharanappa Question by Sharanappa on Nov 19, 2023Hindi
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have 36000 salary and investing 7500/month in SIP and every month 2000rs I'm purchasing stocks(I take own study), Total 9500/month Mutual funds are direct growth *SBI midcap fund 1000* *SBI consumption opportunity fund 1000* *Canara robeco tax saving fund 2000* *Quant small cap 2000* *Quant dynamic asset allocation fund 1000* *Digital gold 500/month* One year old portfolio 10-15 years time zone any suggestions for this long term investment

Ans: I really appreciate your commitment towards investments. I would suggest you may contact a professional for proper evaluation of your financial health. I cannot answer this question without knowing your risk profile, goals, asset allocation, income expenses analysis, etc. Only thing I can say is invest as per your goals and priorities.
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  |7159 Answers  |Ask -

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

Asked by Anonymous - Apr 18, 2024Hindi
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Hello I am 25 years and earning around 17k per month and I have sip of Axis small cap of rs 500 Nippon India small cap 1000 ICICI prudential technology 500 and PPF 500 till now I have around 1.2 lakhs in mutual fund and equity 70k please suggest me for long term wealth
Ans: It's great to see your proactive approach to investing at such a young age! Let's explore some suggestions for long-term wealth creation:

Continue SIPs: Your SIPs in Axis Small Cap, Nippon India Small Cap, and ICICI Prudential Technology are a good start. These funds offer exposure to different sectors, providing diversification and growth potential. Consider gradually increasing your SIP amounts as your income grows.
Explore Diversification: While small-cap and technology funds offer growth potential, consider diversifying your portfolio further. Look into investing in large-cap or multi-cap funds to balance risk and potential returns. A mix of different asset classes can enhance the stability and growth of your portfolio.
Utilize PPF: PPF is an excellent tool for long-term wealth accumulation, offering tax benefits and guaranteed returns. Continue contributing to your PPF account regularly to take advantage of its compounding effect over time. Aim to maximize your annual contributions within the prescribed limits.
Stay Invested for the Long Term: Investing is a long-term commitment, and patience is key to achieving wealth accumulation goals. Avoid frequent trading or reacting to short-term market fluctuations. Stay focused on your financial objectives and stick to your investment plan.
Educate Yourself: Take the time to learn about different investment options, risk management strategies, and personal finance concepts. Attend workshops, read books, or follow reputable financial blogs to enhance your knowledge and make informed decisions.
Emergency Fund: Building an emergency fund is crucial to protect yourself from unexpected expenses or income disruptions. Aim to set aside at least 3-6 months' worth of living expenses in a liquid and accessible account.
Review and Rebalance: Regularly review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Rebalance your portfolio if needed, considering changes in market conditions or your personal circumstances.
Remember, investing for long-term wealth requires discipline, patience, and a well-thought-out strategy. Consult with a Certified Financial Planner to create a customized plan tailored to your goals and financial situation. Keep up the good work, and stay committed to your journey towards financial success!

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Ramalingam

Ramalingam Kalirajan  |7159 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2024

Asked by Anonymous - May 04, 2024Hindi
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Iam investing monthly sip in below funds my age-34 1-Icici prudential bluechipfund-3000 2-Nippon India growth fund -3000 My monthly investment amount max-10000 pls suggest my portfolio any correction sir some good funds for long term
Ans: You're already on the right track with your disciplined approach to investing in SIPs. Let's review your portfolio and explore potential adjustments for long-term growth.

Investing in ICICI Prudential Bluechip Fund and Nippon India Growth Fund reflects a balanced mix of large-cap and diversified equity exposure, which is suitable for long-term wealth accumulation.

However, to further diversify your portfolio and potentially enhance returns, consider adding funds from different categories like mid-cap or flexi-cap funds. These categories offer exposure to companies with different market capitalizations and investment styles, thus spreading your risk more effectively.

Mid-cap funds invest in companies with medium-sized market capitalizations, which often have higher growth potential than large-caps but come with increased volatility. Flexi-cap funds provide the flexibility to invest across market caps, allowing fund managers to capitalize on market opportunities across the spectrum.

Adding a mid-cap or flexi-cap fund to your portfolio can complement your existing investments and provide additional avenues for growth. Look for funds with a track record of consistent performance, experienced fund managers, and a robust investment process.

Remember to review your portfolio periodically and rebalance if necessary to ensure it remains aligned with your long-term financial goals and risk tolerance.

Keep up the good work with your investments, and don't hesitate to reach out to a Certified Financial Planner for personalized advice tailored to your specific needs and objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Nayagam P

Nayagam P P  |3926 Answers  |Ask -

Career Counsellor - Answered on Nov 26, 2024

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My Daughter is in 10th standard and is studious. We arranged her counselling through a professional team and came to know that she can do good in Science, Computer, Maths and Journalism. They advised her to choose PCM, Computer alongwith Economic as subjects for 11th. Kindly guide us further and what are the carrier prospects with this combination. Regards
Ans: Neeraj Sir, I trust that your daughter has had the opportunity to participate in the 'Psychometric Test' administered by the Counselling Team you mentioned. The results of the test have led to recommendations for the fields of Science, Computer, Maths, and Journalism. You have not specified from which Board she will continue her 11th-grade studies. Kindly be informed that, in addition to PCM, your daughter has the option to select either Computer Science or Economics, provided she is a CBSE student. The combination of Physics, Chemistry, Mathematics (PCM), Computer Science, and Economics (CSE) offers a versatile career path. It can lead to careers in Engineering, Research and Science, Architecture, Computer Science, and Economics. Emerging fields include CSE, Artificial Intelligence and Data Science, Financial Technology, Journalism with Data, and Environmental Technology. Higher education options in India include IITs, NITs, state universities, private colleges, and liberal arts. Your daughter should select a preferred career path from those suggested by the Counselling Team before completing her 10th Grade. This will enable her to begin preparation for relevant Entrance Exams, including JEE, IAT, CUET, and/or those conducted by Private Colleges for admission into UG Programs. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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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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