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Ramalingam

Ramalingam Kalirajan  |8285 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 16, 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 - May 09, 2024Hindi
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I am 39 Years. Started investing in 38K in 10K PPAS flexi cap,10K Quant Momentum fund, 5K Nippon Index Fund,1K SBI smallcap Fund,1K Canara Robaco emerging equity,3KQuant Quantamental fund,1K Quant infrastructure fund,1K Whiteoak Large and Midcap fund,2K Tata Midcap Momentum fund,1K Mirare asset Multicap,1K Eddelwise Multicap, 1K Nippon Multicap and 1K Quant Multiasset fund in SIP mode. I have also around 2.5 Lacs Lumps MF in various MF invested. Besides I have RD of monthly 35K. I have corpus in NPS around 33 Lacs. Also I have direct equity around 2Lacs. I have one housing loan 17 lacs. Monthly emi 15k. I have health insurance of 15Lacs. My monthly income is 2Lacs. I have 2 son. One is 1oYr and another one is 2 yr. I need to retire early and want to expense in my child education. Does my portfolio is in right track or I should think differently.

Ans: Crafting a Comprehensive Financial Roadmap for Early Retirement and Children's Education
As a 39-year-old with a robust investment portfolio and a clear vision for early retirement and children's education, your proactive approach towards financial planning is commendable. Let's conduct a thorough review of your current portfolio and chart a strategic path towards achieving your aspirations.

Evaluating Your Investment Portfolio
Your investment portfolio exhibits a diversified mix of mutual funds, direct equity, NPS, and recurring deposits, reflecting a well-rounded approach to wealth accumulation. With a monthly SIP commitment across various funds and a substantial lump sum investment, you've positioned yourself for long-term growth potential.

Analyzing Asset Allocation and Risk Management
The allocation towards mutual funds spanning flexi-cap, momentum, index funds, and multi-cap categories demonstrates a balanced approach towards capital appreciation and risk mitigation. Additionally, the inclusion of direct equity and NPS further enhances portfolio diversification and resilience against market volatility.

Assessing Debt Obligations and Financial Commitments
While your housing loan entails a manageable monthly EMI of ?15,000, it's essential to evaluate its impact on your overall financial health and retirement planning. Striking a balance between debt repayment and wealth accumulation is paramount to ensure sustained progress towards your financial goals.

Planning for Early Retirement and Children's Education
Your aspiration for early retirement necessitates a proactive savings and investment strategy, augmented by prudent asset allocation and systematic contributions to long-term wealth-building avenues. Additionally, earmarking funds for your children's education underscores your commitment to their future well-being and academic pursuits.

Providing Strategic Recommendations
To align your portfolio with your overarching objectives of early retirement and children's education, consider the following recommendations:

Optimize Asset Allocation: Review and rebalance your portfolio periodically to ensure alignment with your risk tolerance and investment horizon.

Prioritize Debt Repayment: Explore strategies to expedite housing loan repayment while maintaining a steady pace of wealth accumulation towards retirement and education goals.

Maximize Tax-Efficiency: Leverage tax-saving opportunities offered by instruments like NPS and equity-linked savings schemes (ELSS) to optimize your tax liabilities and enhance overall returns.

Enhance Contingency Planning: Ensure adequate emergency funds and insurance coverage to safeguard against unforeseen expenses and mitigate financial risks.

Conclusion: Navigating Towards Financial Freedom and Family Well-being
In conclusion, your proactive approach towards financial planning, coupled with a diversified investment portfolio and clear goals, lays a solid foundation for achieving early retirement and securing your children's education. By adhering to a disciplined savings regime, prudent asset allocation, and strategic decision-making, you're well-positioned to navigate the journey towards financial freedom and family well-being with confidence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
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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Below are the details of my portfolio. I need your assessment if I am on track. Name of funds: Mirae Asset Large Cap fund - Monthly SIP INR 4000/- since Jan 2020.  Current value INR 80896/- Axis Bluechip fund - Monthly SIP INR 2000/- since Jan 2020.  Current value INR 36547/- Tata India Tax Savings fund - Monthly SIP INR 2000/- since July 2017.  Current value INR 1.23 lakh/- Kotak Flexi Cap fund - Monthly SIP INR 2000/- since Jan 2020.  Current value INR 32652/- Parag Parikh Flexi Cap fund - Monthly SIP INR 2000/- since Feb 2021.  Current value INR 6292/- Besides that, I invest in below as well: Sukanya Samriddhi Yojana - INR 12500/- monthly since 2020. NPS - INR 12500/- in Tier 1 since 2014 & INR 12500/- in Tier 2 since 2021 FD - INR 20 lakhs since Jan, 2019 @ 5.25% interest.  Goals: 1- Daughter’s higher education:   17 years away, Amount needed around 1 crore 2- Daughter’s marriage: 26 years away, Amount needed around 1.2 crore 3- Retirement: 31 years away, Amount needed around 8 crore
Ans: Funds are good, however with current Investments 1 and 2nd Goal can be achieved, however to achieve 3 additional Investment is required.

i.e. for 1 crs in 17 years , Investment required is Rs. 15,000 per month

for 1.2 crs in 26 years, additional Investment requirement is Rs. 4000 per month

For Retirement 8 crs in 31 years, additional Investment required is Rs. 16,000 per month

Therefore total monthly investment required to achieve all targets are Rs. 35000 per month

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Omkeshwar

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Head, Rank MF - Answered on Aug 11, 2021

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Below is my portfolio. Would highly appreciate if you can suggest if it is good or any changes required? Total current investment in SIP is Rs 12,000 (Which now I want to make it Rs 15K) kindly advise a good additional SIP for investing 3K monthly. Also let me know if the MF in lump sum are good? Or any changes required. I am now 45 years of age and my total savings as of date is Rs 13 Lacs only. Kindly advise how much more investment would I have to make to collect a good amount for my son's education and retirement - I have 2 son's aged 12 and 8. My current salary is Rs 1.5 Lacs and wife is also working with a salary of 30 K. Also I keep breaking SIP and lumpsum in between for emergency use. Let me know if that will affect my long terms plans of collecting funds SIPs: NAME OF MUTUAL FUND AMT INVESTED PER MONTH - (LONG TERM) Axis Focused 25 - Growth - RS - 2,OOO /- ICICI Prudential Focused Equity - Growth RS - 2,OOO /- HDFC Top 100 - Growth RS - 2,OOO /- Kotak Standard Multicap Fund - Growth RS - 2,OOO /- L&T Midcap - Growth RS - 2,OOO /- Motilal Oswal Multicap 35 - Growth RS - 2,OOO /- LUMPSUM NAME OF MUTUAL FUND AMT INVESTED LUMPSUM - (LONG TERM) DSP Focus - Growth RS - 1 LAC (INVESTED IN APRIL 2016) ICICI Pru Long Term Eq Fund ( Tax Sav) - Growth RS - 1 LAC (INVESTED IN APRIL 2016) Kotak Bluechip Fund - Growth RS - 1 LAC (INVESTED IN APRIL 2016) Nippon India DYNAMIC BOND FUND - Growth Plan RS - 1 LAC (INVESTED IN APRIL 2016) Mirae Asset Focused Fund - Growth RS - 50K (INVESTED IN AUG 2019) Mirae Asset Midcap Fund - Growth RS - 25K (INVESTED IN AUG 2019)
Ans: Prudent approach is to have the family covered for medical and life with pure insurance product.

Post that, create a corpus for emergency fund that should be 6 month of monthly expenses.

Only post that investment is recommended.

Depending upon your cash flows, mode of investment can be SIPs or lumpsums; however, SIPs are recommended.

Existing funds are okay; for further investment Axis ESG Equity Fund – Growth or UTI Flexi Cap fund – Growth can be considered

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First and foremost, thank you for getting in touch with us. I am glad to know that your son has received offers from the above mentioned universities. As an answer to your query, I would like to tell you that a prestigious and budget-friendly education in a lively Italian environment, along with a reputable academic standing and lower living expenses is offered at the University of Padua; its 3-year BSC - Information Technology may also provide a quicker path to higher education or jobs. Coming to the University of Strathclyde, top-ranked in the UK for Computer Science, this university is renowned for its linkages with industry, research possibilities, as well as outstanding student services, offering robust employment opportunities. Next, situated in a student-centric city with budget-friendly costs in comparison to other cities in the UK, Glasgow Caledonian University focuses on hands-on, industry-focused learning with impressive graduate employment rates. The National College of Ireland provides a small, contemporary campus in Dublin with robust ties with the technology sector, internships, and employment prospects in one of Europe’s key technology hotspots.

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EWS category rank female 30065 suitable NIT IIIT GFTI admission getting sir 2025
Ans: Rajeswari, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
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Follow this approach for Other State candidates and different categories.
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Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

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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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