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Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Oct 06, 2022

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

Question by Amandeep on Oct 06, 2022Hindi

Money

I am 37 from Ghaziabad. I am an HR professional.

I had liabilities due to some losses I faced during Covid that I had to pay in the next 3 years. I am currently looking to invest some amount to create my portfolio. As of now my only SIP is running which is 1k in Axis Blue Chipfund - Direct Growth from the past 11 months.

I need to create wealth for my Daughter's education / Marriage / My Retirement approx 3-4 crores minimum.

Please suggest to me what investment I can do and how much amount I should Invest for now to create a good portfolio down the line 15 years I should not regret. Also please share the funds or invest plan names for long term with great benefits or returns and tax can also be saved in maturity amount.

Please let me know if any more information is required.

Ans: Hello Amandeep. I understand you have multiple goals for the next decade. If you want to build a corpus of 3-4 Cr, it's advisable to start investing in sips more and more. Say a monthly sum of approximately Rs.44000 sips.

You can add on some funds annually to reach to sip investments to 44 k. Kindly find below suggested schemes that may accomplish your future goals.

SBI Small Cap Fund
Nippon India Growth Fund
PGIM India Flexi cap Fund
Canara Robeco Emerging Equities Fund
Mirae Asset Tax Saver Fund- contains lock in period

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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Mutual Funds Expert - Answered on Sep 27, 2022

Question by Amandeep - Sep 27, 2022Hindi

Money

I am 37 from Ghaziabad. I am an HR professional.I had liabilities due to some losses I faced during Covid that I had to pay in the next 3 years. I am currently looking to invest some amount to create my portfolio. As of now my only SIP is running which is 1k in Axis Blue Chipfund - Direct Growth from the past 11 months. I need to create wealth for my daughter's education / marriage / my retirement approx 3-4 crore minimum. Please suggest what investments I can do and how much amount I should invest for now to create a good portfolio down the line 15 years I should not regret. Also please share the funds or invest plan names for long term with great benefits or returns and tax can also be saved in maturity amount. Please let me know if any more information is required

Ans: Hello Amandeep. I understand you have multiple goals for the next decade. If you want to build a corpus of 3-4 Cr, it's advisable to start investing in sips more and more. Say a monthly sum of approximately Rs 44,000 sips.

You can add on some funds annually to reach to sip investments to 44 k. Kindly find below suggested schemes that may accomplish your future goals.

SBI Small Cap Fund
Nippon India Growth Fund
PGIM India Flexicap Fund
Canara Robeco Emerging Equities Fund
Mirae Asset Tax Saver Fund- contains lock in period

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Nov 03, 2022

Question by Amandeep - Nov 03, 2022Hindi

Money

Age 37 from Ghaziabad. I am an HR professional. I had liabilities due to some losses I faced during Covid that I had to pay in the next 3 years. I am currently looking to invest some amount to create my portfolio. As of now my only SIP is running which is 1k in Axis Blue Chip fund - Direct Growth from the past 11 months. I need to create wealth for my Daughter's education / Marriage / My Retirement approx 3-4 crores minimum. Please suggest what investment I can do and how much amount I should invest for now to create a good portfolio down the line 15 years I should not regret. Also please share the funds or invest plan names for long term with great benefits or returns and tax can also be saved in maturity amount. Please let me know if any more information is required.

Ans: You may consider a basket of below funds:

Uti Flexi Cap Fund-regular -growth

Axis Esg Equity Fund -Growth

Kotak Business Cycle Fund-growth

Samco Flexi Cap Fund - Growth

To create a corpus of 3.5 crs in 15 years the monthly investment that is required is Rs. 60000/-

Ramalingam Kalirajan |7027 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 18, 2024

Question by Vikash - Jun 30, 2024Hindi

Money

Hello Sir, Me & my wife is working in IT and have net in-hand salary of 2.5 L . Current Savings (MF - 18L, PPF - 8L, NPS - 2L), Monthly Savings (MF - 75k, PPF - 15k, NPS-1L (Yearly) ), Monthly Expense (Average 50k). Planning to buy a flat with 80L as loan for 10 Years and also planning a baby. Can you please suggest how can i build my portfolio for next 15 Years with retirement corpus in mind (8 Cr.)

Ans: You and your wife earn a combined net salary of Rs 2.5 lakh per month. Your current savings are Rs 18 lakh in mutual funds, Rs 8 lakh in PPF, and Rs 2 lakh in NPS. Your monthly savings are Rs 75k in mutual funds, Rs 15k in PPF, and Rs 1 lakh yearly in NPS. Your monthly expenses average Rs 50k. You are planning to take an Rs 80 lakh loan for a flat and are also planning to have a baby. You aim to build a retirement corpus of Rs 8 crore in the next 15 years.

Portfolio Analysis and Recommendations
Current Investments
Mutual Funds: Rs 18 lakh
PPF: Rs 8 lakh
NPS: Rs 2 lakh
Monthly Savings
Mutual Funds: Rs 75,000
PPF: Rs 15,000
NPS: Rs 1,00,000 yearly
Loan Considerations
Taking an Rs 80 lakh loan will impact your monthly cash flow. Assuming a 10-year loan tenure, your EMI would be approximately Rs 1 lakh per month.

Revised Monthly Budget
Income: Rs 2.5 lakh
Loan EMI: Rs 1 lakh
Expenses: Rs 50k
Available for Savings: Rs 1 lakh
Building a 15-Year Plan
Adjusted Monthly Savings
Mutual Funds: Rs 60,000
PPF: Rs 10,000
NPS: Rs 1,00,000 yearly
Emergency Fund: Rs 5,000
Investing in Mutual Funds
Equity Diversification: Allocate your mutual funds across large-cap, mid-cap, and small-cap funds for better diversification.
SIP Approach: Continue with SIPs for disciplined investing and benefit from rupee cost averaging.
PPF and NPS
PPF: Continue your contributions for tax benefits and assured returns.
NPS: Contribute Rs 1 lakh annually to benefit from additional tax savings and long-term growth.
Child and Family Planning
Education Fund
Systematic Investment Plan (SIP): Start a dedicated SIP for your child's education. Aim for a mix of equity and balanced funds.
Health Insurance
Family Floater Policy: Upgrade to a family floater policy to cover your wife and future child. Ensure adequate coverage for all medical needs.
Retirement Corpus
Target Corpus: Rs 8 Crore
To achieve your target, you need a well-diversified portfolio:

Equity: Continue with diversified mutual funds. Allocate a portion to mid-cap and small-cap funds for higher returns.
Debt: PPF, NPS, and fixed deposits for stability.
Gold: Invest in gold bonds or digital gold for diversification.
Steps to Follow
Review and Rebalance: Review your portfolio quarterly. Rebalance to maintain the desired asset allocation.
Increase Investments: Gradually increase your SIP amount as your income grows.
Tax Planning: Utilize tax-saving instruments like PPF, NPS, and ELSS funds.
Emergency Fund
Build an Emergency Fund: Keep at least 6 months of expenses in a liquid fund. This will help you manage any unexpected expenses without disturbing your investments.
Final Insights
Achieving an Rs 8 crore retirement corpus in 15 years is feasible with disciplined saving and smart investing. Adjust your savings post-loan, diversify your investments, and focus on long-term growth. Regularly review and rebalance your portfolio to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Mutual Funds, Financial Planning Expert - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

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Dear Sir, Please guide that if I deposit some additional funds (over and above my monthly deduction & deposition by Company in NPS as employee contribution) in Tier-1 in my NPS, then whether on maturity of NPS, the 60 % payout to employee (here-in myself) will have any Income Tax implications on the maturity value of this additional funds deposited OR whether there will be Nil Income Tax implications on same. Please guide.

Ans: When your National Pension System (NPS) Tier-1 account matures, the 60% lump-sum withdrawal you receive is currently exempt from income tax under Section 10(12A) of the Income Tax Act, irrespective of any additional voluntary contributions you make. Therefore, both your regular and additional voluntary deposits in NPS Tier-1 enjoy the same tax benefits upon maturity, with no tax implications on the 60% lump-sum payout. However, the remaining 40% directed towards annuity purchase is subject to tax as per your income tax slab when you receive the annuity payments.

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www.holisticinvestment.in
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Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Respeted sir, I am a post graduate in computer science, aged 42 yrs,married trying to get a job preferably in IT as i have working experience of about 5 years.i had discontinued my job due to compelling family situations to take care of children. I am not getting any favorable response from any IT companies due to break iny carrer. Now i desperately need a job and still the hunt is going on. Kindly suggest and guide me to get a job as i am struggling to meet my commitments now. Your valuable help in this regard will be highly helpful. Thank you

Ans: Dear, the main problem is the discontinuation in your career and IT is an ever-changing field. It is not like Civil or Mechanical. Now it is an era of AI and Machine Learning. So I would suggest you to go for a good certification course of Data Science along with AI and Machine Learning from some good institute which is having collaboration with some reputed IIT. I am sure if your knowledge is upto the mark and matches with the need of the present day then certainly you will get a job. If you are not familiar with coding then please practise coding by seeing the videos in YOU TUBE for two months before joining the certificate course. Please follow me. Best of luck. MAY GOD BLESS YOU. Professor...............:)

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Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

What are scope of btech biotech in india and abroad if someone want to do Masters abroad like Australia canada u.k or u.s what with be the expenses and procedure, is it a good fiekd to choose over Mbbs

Ans: After B.Tech Biotechnology never go for MBBS. It will be a huge wastage of time and only with MBBS without specialization truly you can't earn much in present day. For doing Masters from Foreign country I would suggest only USA. The procedure is very simple. You need to have four things i) An excellent GRE Score ii) A good TOEFL Score 111) Three good recommendations from your professors iv) A good SOP (Statement of Purpose). But the cash support required will be 80 lakhs to 1 crore. Because now a days in MS fundings are generally not available. Best of luck. MAY GOD BLESS YOU. Professor.....................:)

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Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Confused about future what to do after msc biotechnology so I can earn decant amount?

Ans: You can go for teaching, but for teaching if you go for Ph.D it will be better. If the financial condition permits you can go for Ph.D from USA. You need to have four things i) An excellent GRE Score ii) A good TOEFL Score 111) Three good recommendations from your professors iv) A good SOP (Statement of Purpose). Ph.D comes with full funding, still you need to have 30-40 lakhs rupees cash ready for the initial expenses and first two semesters, if you don't get funding from day one. But generally Ph.D students get funding from starting. But if you go for MS then points number 1 to 4 will be same, but the cash support required will be 80 lakhs to 1 crore. Because in MS now a days financial supports are generally not received. If you can't afford study from USA then in India you can do MBA from a good B- School and join some corporate. But if you don't want to change the core sector then go for Ph.D in India, but Ph.D is a journey of 4 to 6 years. Once Ph.D is done college teaching will be a good opportunity for you. Be in touch with me and follow me. All the best. MAY GOD BLESS YOU. Professor............:)

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Career Counsellor - Answered on Nov 14, 2024

Question by Vikas - Nov 14, 2024Hindi

Career

Mene pahle 12bio se ki hai me jee exam de sakta hu

Ans: Your question is not clear to me. Please write in an elaborate way.Professor

Dr Shyam Jamalabad |78 Answers |Ask -Follow

Dentist - Answered on Nov 14, 2024

Question by Donna - Jun 25, 2024Hindi

Health

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.

Dr Shyam Jamalabad |78 Answers |Ask -Follow

Dentist - Answered on Nov 14, 2024

Asked by Anonymous - Nov 10, 2024Hindi

Health

I have gum inflammation from teenage years now am in 30s it bleeds rarely but swelling doesn't reduce though from many years am waiting for it to come to normal...

Ans: Hello
You have not mentioned whether you have consulted a dentist for your gum inflammation and were treated in the past for the same.
The most common cause for gum inflammation is poor oral hygiene. Inadequate or improper brushing can lead to accumulation of tartar or calculus which in turn leads to gum inflammation. This tartar or calculus has to be cleaned (the process is called scaling) periodically by a qualified dentist in order to maintain gum health. The recommended frequency can be determined by your dentist after periodic check ups.
If you have gum inflammation despite regular check ups and cleaning, other factors could be responsible.
Certain medicines which need to be taken on a regular basis are known to cause swelling of the gums. Hormonal imbalances can also affect the gums. To rule out these extra-oral factors, your medical history and medication will have to evaluated and adjusted by a General Physician.

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Question by Sachith - Nov 14, 2024Hindi

Career

I've completed my BSc in Chemistry and Biotechnology and am now contemplating my master's degree options. I'm torn between MCA (Master of Computer Applications) and MSc Bioinformatics. Considering my life science background, I'm unsure if pursuing MCA would limit my job prospects and i don't know much about Msc bioinformatics So what to do now?

Ans: Go for MCA or Msc bioinformatics. Take prper decision. Ask yourself whether you want to be in the core line or you want to shift to IT side. If IT side then even MCA will not be enough. It's an age of AI. So you need to go for a good certificate course which is having collaboration with some reputed IIT. So please decide with a calm and cool mind then proceed. In your country before going for a three years course we don't even think for three hours. DECISION DECIDES DESTINY. So take proper decision. I am always there for you. Best of luck. MAY GOD BLESS YOU. Professor..............:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Question by Alak - Nov 14, 2024Hindi

Career

Hi, sir, My daughter is doing degree in political science in Delhi University,and she does not want to continue masters in pol. sc. so, what are the other options available for her after degree ,if she does not want to do masters in pol sc.

Ans: She can do MBA or she can prepare for UPSC or the state General PSC job for going to admin type job. Best of luck to your daughter. MAY GOD BLESS HER. Professor...................:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

I am 45 year's old high school physics teacher with M.Sc in Physics and having M.Tech degree in safety, also having 18yrs teaching and four year of industry experience, now if I complete online B.Sc in AI and DS from IIT Guwahati, and try to do research in AI or quantum computing ,can I switch over in this age or I can get research opportunities

Ans: Frankly speaking research work means pursuing Ph.D or joining some company of AI, ML and DS in their R&D division. Along with job Ph.D you can't do, but certainly after the certificate course of IIT Guwahati you will have access to the R&D of the companies who deal with DS, AI and ML. Only your huge teaching experience is a negative factor. Still I would suggest you to go for the certificate course and try for R&D job. Best of Luck. MAY GOD BLESS YOU. Professor.....................:)

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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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