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Kirtan

Kirtan A Shah  |77 Answers  |Ask -

MF Expert, Financial Planner - Answered on Sep 22, 2023

Kirtan A Shah is a certified financial planner and managing director, private wealth, at Credence Family Office.
He is also a Certified International Wealth Manager and Financial Engineering and Risk Manager.
Shah is the co-author of Financial Service Management and Financial Market Operations, which are used as reference books for Mumbai University.
He is frequently seen on CNBC, Zee Business, ET NOW & BQ Prime as an expert guest.... more
Asked by Anonymous - Aug 21, 2023Hindi
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I am 40 and want to make 1 crore in 5 years. What should be my minimum investment? Where to invest and how much to invest on a monthly/yearly basis? I am married and a salaried professional earning 20LPA. Is it possible?

Ans: 1 cr. in 5 years will require either 50L of investment together today or 1.2L of monthly SIP
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  |8191 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

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How can I create 5 crore amount With minimum investment and where to invest? My age is 38
Ans: Strategizing to Attain a 5 Crore Corpus
Your ambition to accumulate a substantial corpus of 5 crores is both ambitious and commendable, especially considering your current age of 38. Let's devise a prudent plan to achieve this financial milestone while ensuring minimal investment and optimal returns.

Understanding Your Financial Landscape
Before diving into investment avenues, it's essential to assess your current financial standing, including income, expenses, existing investments, and risk tolerance. This holistic evaluation forms the bedrock of an effective wealth-building strategy.

Leveraging the Power of Compounding
Given your age, harnessing the power of compounding becomes paramount. By investing early and consistently, you can capitalize on the exponential growth potential of your investments over time.

Exploring High-Yield Investment Options
While seeking minimal investment avenues, it's crucial to identify options offering high growth potential. Equities, particularly diversified mutual funds, have historically outperformed other asset classes over the long term, making them an attractive choice for wealth creation.

Embracing Systematic Investment Planning (SIP)
Systematic Investment Planning (SIP) enables you to invest small amounts regularly, mitigating the need for significant upfront investments. By committing to a disciplined SIP approach, you can gradually build your investment portfolio while benefiting from rupee cost averaging.

Consideration of Risk Appetite
While pursuing aggressive growth targets, it's imperative to align your investment strategy with your risk appetite. Opt for a balanced mix of equity and debt instruments based on your risk tolerance, ensuring a diversified portfolio that withstands market volatility.

Harnessing Tax-Efficient Investment Vehicles
Maximizing tax-efficient investment avenues such as Equity Linked Savings Schemes (ELSS), which offer tax benefits under Section 80C of the Income Tax Act, can bolster your wealth accumulation journey while minimizing tax outflows.

Seeking Professional Guidance
As a Certified Financial Planner, I advocate for seeking professional guidance to tailor an investment plan suited to your financial goals and risk profile. A comprehensive financial advisor can provide personalized insights and recommendations aligned with your aspirations.

Conclusion
In conclusion, achieving a 5 crore corpus demands a combination of strategic planning, disciplined investing, and prudent risk management. By embracing a holistic approach and leveraging suitable investment avenues, you can chart a path towards realizing your financial aspirations.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8191 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 14, 2024Hindi
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I am 37 year old , I stay in Mumbai I want 1-2 crore down the line 5 years. How much I need to invest and where . Currently I have invested in shares 4 lac ,4 lac in mutual funds , sukanya samridhi account 5k monthly for my daughter , small plot I bought of 5 lac rupees. I have some active mutual funds monthly sip. 1. Parag paraikh flexi cap fund -3.3 k 2.Mirae asset less tax saver fund -6k 3.sundram Nifty 100 equal weight fund -2 k -weekly 4.Nippon India small cap fund -3 k 5.Axis Nifty 100 index fund -3 k 6.Axis blue chip fund -6k 7. safe gold -3k 8. Ssy for daughter -5 k
Ans: Your proactive approach towards financial planning reflects a commendable commitment to securing your future financial goals. Let's explore strategies to help you achieve your target corpus of 1-2 crore within the next 5 years.

Understanding Your Current Financial Landscape:
Your current investment portfolio showcases a diversified mix of assets, including shares, mutual funds, and savings instruments for your daughter's future. Let's evaluate how we can optimize your existing investments and explore additional avenues for wealth accumulation.

Assessing Investment Avenues:
To achieve your target corpus, consider the following investment avenues:

Equity Investments: Given your risk appetite and investment horizon, continue investing in equity through diversified mutual funds. However, ensure adequate research or seek professional advice to select funds with a proven track record of consistent returns.

Systematic Investment Plans (SIPs): Your existing SIPs in Parag Parikh Flexi Cap Fund, Mirae Asset Tax Saver Fund, Nippon India Small Cap Fund, and others align well with your long-term wealth-building goals. Consider increasing SIP amounts periodically to accelerate wealth accumulation.

Diversification: While equity investments offer the potential for high returns, diversification across asset classes can mitigate risk. Explore avenues such as debt mutual funds or fixed-income securities to balance your portfolio and safeguard against market volatility.

Review and Rebalance: Regularly review your investment portfolio to ensure alignment with your financial objectives. Rebalance your portfolio if necessary to maintain an optimal asset allocation strategy.

Calculating Investment Requirements:
To determine the amount you need to invest regularly to achieve your target corpus, consider factors such as expected rate of return, investment horizon, and risk tolerance. Consulting with a financial planner can help you tailor an investment plan suited to your specific needs and goals.

Embracing Financial Discipline:
Building wealth requires discipline and consistency in investment habits. By staying committed to your financial plan and making informed investment decisions, you can progress steadily towards your target corpus.

Conclusion: Charting Your Path to Financial Success
In conclusion, by optimizing your existing investments, diversifying across asset classes, and adhering to a disciplined investment approach, you can work towards realizing your financial aspirations within the stipulated timeframe.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

..Read more

Latest Questions
Mayank

Mayank Chandel  |2174 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 05, 2025

Asked by Anonymous - Apr 04, 2025Hindi
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Hlo. Sir. Maine apna neet exam. 2024 mai diya tha. Sirf. 6 month hi preparation krke. I score well but negative marking ki wajah se. Mere mask kam hogye and maine vapis. 205 ke liye preparation Krna strt kiya ha. Without any coaching self study muje assa lg rha ha ki iss baat bhi nhi hoga. Stress ki wajah se overthinking ki wajah se mere kuch din bhut khrab hogya ha. Prr mere parents ne decide ki ha ki offline coaching krwagye. Kya muje 3 attempt ki. Jna chaiiye muje doctor hi bnna ha muje aur kuch nhi Krna ha mai bhut ache se pdh sakte hu bss ye ha ki 3 attempt dena worth it ha kya
Ans: Hello,
pehle toh main yeh kehna chahta hoon ki tumne sirf 6 mahine ki tayyari mein NEET jaise tough exam ko dene ki himmat ki — yeh kaafi badi baat hai. Tumhare andar definitely potential hai. NEET jaise exam mein negative marking sabko affect karti hai, especially jab preparation time kam ho.

Ab baat karte hain tumhare doubt par:
Kya 3rd attempt dena worth hai?
Tumhara answer tumne khud hi de diya:

"Mujhe doctor hi banna hai, mujhe aur kuch nahi karna."

Jab goal clear ho, toh answer bhi clear hota hai:
Agar doctor banna tumhara sapna hai aur tumhara belief hai ki tum mehnat kar sakte ho, toh 3rd attempt definitely worth it hai, lekin is baar smart aur structured preparation ke saath.

Offline coaching-jaise tumhare parents keh rahe hain
Agar ghar par overthinking, distractions, aur stress zyada ho raha hai, toh offline coaching environment tumhe discipline aur direction de sakta hai.
Daily study routine, regular tests, competition ka mahol — yeh sab tumhare liye helpful ho sakte hain.

Agar tumhara belief strong hai, toh koi bhi attempt waste nahi hota.
Bahut saare doctors ne 3rd, even 4th attempt me crack kiya hai. Tumhara vision clear hai, ab bas execution me discipline aur patience chahiye.

...Read more

Mayank

Mayank Chandel  |2174 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 05, 2025

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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