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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Dec 15, 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 Arvind on Dec 15, 2022Hindi

Money

I am 40 years old and want to create a MF portfolio that will give me >= 15% return for the next 6-8 years. I am fairly open to taking risks. Can you pls suggest a basket of 5-6 funds and how much to invest in each of them to get a corpus of 1 Cr at the end of the time frame?

Ans: Hello Arvind. You may invest in the following schemes to create a corpus of 1 CR in the next 8 years based on your requirement. The starting sip amount will be 56K per month.

SBI Small Cap Fund -- 12,000.00

Quant Flexi cap Fund -- 12,000.00

ICICI Pru Bluechip Fund --- 10,000.00

Canara Robeco Emerging Equities Fund -- 10,000.00

Nippon India Growth Fund -- 12,000.00

Total: 56,000.00

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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Question by Ravindranath - Aug 09, 2022Hindi

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I am 43 years old and would like to invest till I retire at 58 and expect a decent return of at least 12%. Please find below my mf basket, and advise whether the funds in the basket are good ones or not. Axis Long term Equity Fund (Tax Saving) Direct Plan Growth - 500/M Aditya Birla Sun Life Tax relief 96 Direct Plan Growth - 500/M PGIM Midcap Opportunities Fund Direct growth - 1000/M Axis Small Cap Fund Direct Growth - 500/M Parag Parikh Flexi cap Direct Growth - 1000/M Quant Active Fund Growth Option Direct Fund - 1000/M ICICI Prudential Commodities Fund Direct growth - 300/M Kotak Bluechip Diect growth - 1000/M Navi Nifty Next 50 Index Fund Direct Growth - 500/M Tata Digital India Fund Direct Growth - 1000/M

Ans: The schemes are good. Please continue.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Aug 09, 2022

Question by Ravindranath - Aug 09, 2022Hindi

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I am 43 years old and would like to invest till I retire at 58 and expect a decent return of at least 12%. Please find below my mf basket, and advise whether the funds in the basket are good ones or not. Axis Long term Equity Fund (Tax Saving) Direct Plan Growth - 500/M Aditya Birla Sun Life Tax relief 96 Direct Plan Growth - 500/M PGIM Midcap Opportunities Fund Direct growth - 1000/M Axis Small Cap Fund Direct Growth - 500/M Parag Parikh Flexi cap Direct Growth - 1000/M Quant Active Fund Growth Option Direct Fund - 1000/M ICICI Prudential Commodities Fund Direct growth - 300/M Kotak Bluechip Diect growth - 1000/M Navi Nifty Next 50 Index Fund Direct Growth - 500/M Tata Digital India Fund Direct Growth - 1000/M

Ans: The schemes are good. Please continue.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 09, 2022

Question by Arvind - Dec 09, 2022Hindi

Money

I am 40 years old and want to create a MF portfolio that will give me = 15% return for the next 6-8 years. I am fairly open to taking risks. Can you pls suggest a basket of 5-6 funds and how much to invest in each of them to get a corpus of 1Cr at the end of the time frame?

Ans: Rs 1 cr in 8 years will require an investment (Monthly) of Rs 54000.

Schemes that can be considered are as under

HDFC Index Fund – Sensex Plan – Growth

UTI Flexi cap Fund – Growth

Axis ESG Equity fund – Growth

Samco Flexi cap fund – Growth

Motilal Oswal Mid cap Fund - Growth

Nippon India Small Cap Fund - Growth

Ulhas Joshi | Answer |Ask -Follow

Mutual Fund Expert - Answered on Dec 27, 2023

Question by Prakash - Dec 27, 2023Hindi

Money

I have an amount of 5 lakh to invest in MFs with a time horizon of 15 years, kindly suggest an agressive portfolio.

Ans: Hello Prakash and thanks for writing to me. As you have a time horizon of 15 years and want an aggressive portfolio, you can consider investing Rs.1 Lakh in each of the below schemes:

1-Edelweiss NIFTY 100 Quality 30 Index Fund
2-SBI Focused Equity Fund
3-DSP Quant Fund
4-UTI Flexi Cap Fund
5-Tata Ethical Fund

Do note that periodic rebalancing is essential to ensure you are on the right track. You can consider talking to a financial planner who will help you plan your finances.

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Milind Vadjikar |995 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 10, 2025

Asked by Anonymous - Feb 10, 2025Hindi

Money

I am 51 single, divorced and have one little sister who is 32. Recently I lost my job, and I am not in the mood to search for a new one. I am in the process of making arrangement to fulfill my monthly needs. I am holding the NPS which has a small corpus of 5 lacs in tier 1 and 45k in tier 2. Now I want to completely exit from the NPS. Now I must compulsorily accept the 20% withdrawal and 80% annuity. I have a few queries below. 1. Should I consider buying 100% annuity. 20% withdrawal does not make sense 2. Should I consider putting 1.5 lacs more to enhance the annuity (The corpus will become 7 lacs approx.). 3. Should I consider taking out the annuity on a yearly basis (Please explain Its pros and cons), since it offers more benefit. 4. Should I consider the Shriram life insurance. 5. Will it be safe to consider Shriram life insurance for life long future annuity. It offers the highest annuity. 6. Should I consider Annuity for Life with ROP - Subscriber will get annuity for lifetime and on death of the Subscriber, payment of annuity ceases & 100% of the purchase price will be returned to the nominee(s). The annual offer is 49,063.00 (7.01%) 7. Should I consider Annuity for Life without ROP - Subscriber will get annuity for lifetime and on death of the Subscriber, payment of annuity ceases, and no further amount will be payable. The annual offer is 58,112.00 (8.30%)

Ans: Hello;

Point wise answers to your queries as given below:

1. Yes.
2. Yes.
3. If you do monthly annuity the rate will be lower but you get monthly payouts. In yearly the rate will higher but only one shot payment per year so it depends on your preference.

4. Cannot comment on suitability of xyz firm.

5. Consider an insurer which has good capital adequacy, growing profitable business, preferably listed, reputation of the owner/group apart from decent annuity rates on offer.

6 & 7. My suggestion would be to opt for annuity for life with ROP to your nominee. Ultimately it is your call.

Please have adequate healthcare insurance cover.

Best wishes;

Milind Vadjikar |995 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 10, 2025

Asked by Anonymous - Feb 10, 2025Hindi

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Dear Sir, I seek your guidance regarding a financial matter related to a VIP trading account operated through a WhatsApp group. There are numerous VIP trading accounts in WhatsApp groups, including those associated with UPSTOX, particularly under Mr. Milan Vaishnav and Ms. Pallavi Gandhi. I invested ₹20 lakhs in this account; however, I have not seen any progress in terms of trading or withdrawals. Additionally, they are now requesting further investments for block trading and IPO participation. Given these circumstances, I would like to know if I can recover my funds with the assistance of Cyber Crime and SEBI. Your advice on the appropriate course of action would be highly appreciated. Looking forward to your response..

Ans: Hello;

General Comments:

This tendency to get rich quickly(nothing wrong with it) is okay but in that quest people make terrible mistakes and realize their loss when it is almost too late.

Only appropriate way to get rich in a short time is to start your own business and scale it up fast. It needs smart hardwork and little bit of luck. We have many start-up founders in their early thirties already multi millionaires. Let's leave lottery, FNO, ancestral wealth etc , out of purview.

Specific Comments;

You must complain to the Police and SEBI/RBI urgently to recover your capital.

Do not fall for such gimmicks henceforth.

Best wishes;

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Leadership Coach - Answered on Feb 10, 2025

Question by Manan - Jan 18, 2025

Career

I graduated with a BBA in 2022, and since then, I’ve been on a thrilling two-year adventure at an MNC. But guess what? I decided to resign in March 2024 because, you know, who doesn’t love a little drama at work? Now, I’ve managed to burn through all my hard-earned savings like a pro, and here I am, utterly confused about my future. Sometimes I think about leaving India—maybe for studies or just to escape and do some mindless job somewhere. Other times, I dream of retreating to the most remote corner of India and living off the grid. I’ve always been pretty good with technology, snagged a degree, and even racked up some work experience. But now? I’m completely lost on where to start over. I’ve scoured countless articles and advice columns, but they’ve been about as helpful as a chocolate teapot. I’m just looking for that life-changing advice that seems to be in short supply. Turning 24 this year!

Ans: Hello Manan,
My simple advice to you would be to get back to some job while you can continue to ponder over your long term goals/passion/pursuits.
Sitting idle (with no funds) at home won't help & it is not going to do any good to your career/life plans.
Simultaneously you can continue to do introspection & chalk out a proper plan as far your larger life goals are concerned.
Say you earnestly wish to pursue higher studies than you need to get yourself these answers 1) Why you need a higher degree in first place ? 2) Will it help you to get job/career of your choice? 3) If yes, then shortlist some relevant good courses & start exploring admit process etc. 4) Meanwhile do account for funds that will help you to time your break from the job (savings, loans etc.)
Likewise ask yourself questions for each option you have in mind & be honest in responses, that will help you to zero on your real aspiration & then do the proper detailing/planning. This may entail some compromises in short term but will certainly pave your way to achieve long term goals.

Best of Luck!

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Question by Ganpati - Dec 31, 2024Hindi

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I am currently working as a General Manager civil projects, Looking to change for the job but during interview its facing some difficulties like fluency in English. What is solution over it? I am technically very strong but due to this problem my confidence level getting down. Please suggest me.

Ans: Hello Ganpati,
While I understand that most interviews are conducted in English and fluency does help in getting good impression. However, unless job under consideration demands so, lack of it should not deeply hamper your chances if you are otherwise competent & able to present so in a different language.
In fact, most sensible interviewers do ask the language comfort of interviewee & even interviewee is free to express that upfront.
Having said that, since English happens to be the most common medium of communication at workplaces, a decent hold will certainly do no harm to your overall career prospects otherwise. Hence I suggest that you do not limit this to the interview rather make a concerted effort to improve your language skills in general. There are ample online/offline options available nowadays to groom such skills.

All the Best !

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Hello dear sir, I gave the 12th state board exam in 2024. I have given jee main three attempts I haven't given jee advanced exam yet . I have got less percentage in 12th , So will I have two more attempts for JEE Advanced? after doing 12th from state board and CBSE board?

Ans: Your question is not clear to me. Yes you can give JEE exam three times.

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Asked by Anonymous - Feb 08, 2025

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I am a married man of 47 years old having one child.Recently I have developed strong emotional soulmate type feeling towards a girl who is just 19 years old.I just met her twice.Since then she is always in my mind.I chat with her.Sometimes she blocked me then after my request she unblocked me.I feel she avoids me.Whenever she needs me then she contact me.She rarely respond to my phone calls.What should I do.I tried my best to forget her but can't.Even if I think I should marry her in future.I feel no life without her.I feel I have met with my soulmate.Please give me strong advice effective for u harmful future.

Ans: Dear Anonymous,
What do you mean by "marry her in the future?" Aren't you already married? Are you planning on divorcing your wife? Because that's the only way you can marry this person you have only met twice and is also barely an adult.

I would suggest focusing on your marriage and your kid. If necessary, speak to your wife and figure out what's lacking in your marriage that you are seeking romantic feelings outside of it. You can even consider seeing a marriage counselor. Doing what you are doing without your partner's knowledge isn't moral.
Hope this helps.

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Asked by Anonymous - Feb 08, 2025Hindi

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Hi i have been in a relationship for 4 years nd i want to marry him but my parents are not accepting even if I no job at all now nd they want to keep my pic in a matrimony website want should I do

Ans: Dear Anonymous,
It is truly important for all, regardless of their gender, to have financial independence. So, I would first suggest you focus on getting a job. And then you might have more strength in your proposal to marry the person you love, and even your parents will know that you can take care of yourself in case the alliance does not go well. I know it hurts you that your parents are not considering your feelings, but I urge you to understand that they are doing everything in your best interest.

Hope this helps.

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Asked by Anonymous - Feb 08, 2025

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Me and my girlfriend we both are in relationship from about last 2 years (almost). After such a long time I got to know that she had 2 relationships before me that too she didn't told I got to know it by third person she was sexually involved too (not intercourse but yes other things with one of them)... When I asked her that why you didn't told anything to me before she said she was scared that if she'll tell it to me so I'll leave her and she really did not wanted that... She was scared to loose me. And she was still in contact with that guy and when I asked her that why you were still in contact with him (it's been around 3 years they got separated) so she says that she is like that only... She can't deny anyone because of her soft hearted nature but she did not had any feelings for him. She also said that once she even went to meet him when he requested to meet and also on the same she claims that her soft hearted nature has done that she wasn't able to deny. I loved her too much but now all these things are hurting me like anything. (She is my first relationship before her i never had anyone)

Ans: Dear Anonymous,
I understand that you are hurt and the complexities of the hearts might be difficult sometimes to grasp. The first reason for your sorrow, her past relationship, and the fact that she was physically intimate with them is not completely justifiable. Though I understand that you feel hurt because she did not disclose it to you, still it should not matter so much as to ruin your present relationship. And whether she will open up about such sensitive details is actually up to her. It has nothing to do with how much she loves you or trusts you. Please understand that.

Now coming to the next thing, the fact that she is still in touch with them and has even met one of them, that is slightly concerning. It would have been okay if she did that openly- please understand that I am not saying she should have asked for your permission, but rather discuss the same with you. Moreover, in a relationship, it is also important to understand how much your partner is comfortable with- goes for both men and women. If you are uncomfortable with her relationship with her exes, she should consider that. I would have said the same if the table was turned. I suggest you have a clear conversation with her and express how you feel about this situation- depending on how she reacts and how the conversation goes, you both can think about the next step.

Hope this helps.

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Image Coach, Soft Skills Trainer - Answered on Feb 10, 2025

Question by Mugundu - Feb 08, 2025Hindi

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What are all the 5 soft skills

Ans: Hi!!

This was my article in Rediff on world Youth Skills Day.... hope this helps !

https://www.rediff.com/getahead/report/world-youth-skills-day-5-skill-lessons-for-you/20240715.htm

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Asked by Anonymous - Feb 01, 2025Hindi

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Hi Samkit, I am planning to shift to new tax regime. Could you please let us know if the salary paid to driver or the fuel expenses are considered in new tax regime?

Ans: Salary paid to driver and fuel expenses by employee, reimbursed by employer was never part of income. Said reimbursement was not an income if car is used purely for official purpose and car is owned by employee.

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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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