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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Aug 11, 2021

Mutual Fund Expert... more
Jai Question by Jai on Aug 11, 2021Hindi
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I am 42 years old and I would like to have INR 2 Cr. corpus in say 10 years. Can you tell me how much I need to invest per month and where (please give specific fund names in each category Sir than just saying debt fund or growth fund)? I know you don’t prescribe specific but you can at least pls say these 2-3 funds are good in this specific category etc. Please help.

I don't have any investments in mutual funds or equity on date.

Ans: You would be required to make Rs. 80,000/- monthly investment in equity mutual fund for 10 years to create a corpus of Rs. 2 crs.

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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HI I M 40 NOW. I WANT A CORPUS OF MINIMUM 1 CR WITHIN 5 YEARS. PLZ UPDATE WHICH MUTUAL FUND SHALL I TAKE AND HOW MUCH FUND TO INVEST MONTHLY.
Ans: It's great to hear about your financial goals. Let's explore how we can achieve a corpus of 1 crore within 5 years:

Considering your time frame and target corpus, we'll need to adopt an aggressive investment strategy.

Mutual funds offer a range of options suited to different risk profiles and investment horizons.

To maximize growth potential, we can focus on equity mutual funds with a proven track record of delivering consistent returns.

A systematic investment plan (SIP) would be ideal for you, allowing you to invest a fixed amount monthly.

By investing regularly in mutual funds, you can benefit from the power of compounding and market appreciation over time.

It's crucial to select funds that align with your risk tolerance and financial objectives.

As a Certified Financial Planner, I recommend conducting thorough research or seeking professional advice to identify suitable mutual funds.

Additionally, consider diversifying your investments across multiple funds to spread risk and optimize returns.

Regularly reviewing your portfolio's performance and adjusting your investment strategy as needed is essential to stay on track towards your goal.

Remember, investing involves risks, and it's essential to remain disciplined and patient, especially during market fluctuations.

With determination and strategic planning, achieving your target corpus of 1 crore within 5 years is definitely attainable.

Stay focused on your goal, and don't hesitate to reach out if you need further assistance along the way.

You're taking a proactive step towards securing your financial future, and I'm here to support you in your journey.

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Nitin

Nitin Narkhede  |11 Answers  |Ask -

MF, PF Guru - Answered on Sep 15, 2024

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Dear Sir, i am an NRI, investing in mutual funds and stocks through NRO account for quite some time and i am planning to move to india approximately in another 2-3 years of time , given that NRO have high taxation, i just wanted to understand how to swiftly transfer mutual funds and taxes from nro account to indian resident account ? Appreciate if you could provide advice as well as SWP method ?
Ans: Dear Rudolf,
As an NRI planning to move back to India in 2-3 years, transitioning your investments from an NRO account to a resident account requires careful planning. First, once you become a resident, you need to convert your NRO account into a regular resident savings account. This involves contacting your bank, providing updated KYC details, and submitting proof of your new residency status in India. Additionally, you must inform mutual fund houses or registrars (like CAMS/Karvy) about your change in residential status by submitting a KYC modification form.
In terms of taxation, as an NRI, you are currently subject to higher taxes on your investments. Long-term capital gains (LTCG) on equity funds are taxed at 10%, while short-term capital gains (STCG) are taxed at 15%. For debt mutual funds, LTCG is taxed at 20% with indexation benefits, and STCG is taxed according to your income slab. Once you become a resident, the taxation on these investments will continue under resident tax laws, but any new gains after your status change will be taxed according to resident regulations.
To efficiently manage your investments, you can opt for a Systematic Withdrawal Plan (SWP). This allows you to withdraw a fixed amount from your mutual funds regularly while keeping the rest invested. SWP is tax-efficient, as you only pay capital gains tax on the withdrawn portion. After becoming a resident, you can easily set up SWPs to your regular savings account for steady income, while the rest of your investments continue to grow.
So to conclude, it is essential to update your bank and mutual fund KYC details when you return to India to ensure regulatory compliance and take advantage of resident tax laws. SWP can provide regular income while managing taxes efficiently. You need to contact a professional Advisor or CA for managing all your assets.
Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Nitin Narkhede  |11 Answers  |Ask -

MF, PF Guru - Answered on Sep 15, 2024

Asked by Anonymous - Sep 14, 2024Hindi
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Hi Sir - I'm 35 years. Both myself and a better half are working with a monthly income of 3.65L together (2.8L mine + 85K wife's). We have a 5 year old male kid. We have a SBI max gain home loan account with a debt of 12.65L and a parked amount of 26.5L apart from the EMI paid so far from previous 5 years. No EMI on car purchased. EPF ~29L, PPF started for both of us an year back. Also started a monthly SIP of ~1.2-1.5L in MF from Jan'2024 with 8.5L balance so far and will continue the SIP in the below funds atleast for next 10 years. Not considering debt funds as I'm already having EPF and PPF components and will periodically review these funds. 1. Nifty next 50 Index, 2. Small Cap 250 Index, 3. Multi Cap, Active 4. Mid Cap, Active 5. Flexi Cap, Active Better half may quit her job by Mar'2025. We are looking to close home loan by March'2025 and stay EMI/debt free with a peace of mind. Is it a wise decision to close a home loan by this financial year and increase the monthly SIP to 2L from next financial year? Or) invest the home loan balance amount in real estate (preferably buying a land)? especially when the home loan interest of upto 3.5L are tax fee in the old tax regime. Thanks!
Ans: Dear Friend, Given your current financial standing, closing your home loan by March 2025 seems like a wise choice. You have Rs 26.5L parked in the SBI Max Gain account, which already reduces your interest liability. By clearing the remaining Rs 12.65L, you can become debt-free, providing peace of mind and freeing up your EMI payments for additional investments. While the home loan offers tax benefits under the old regime, the psychological comfort of being debt-free may outweigh the potential tax savings, especially since your financial portfolio is already strong.
Once the loan is closed, increasing your monthly SIPs to Rs 2L would be a smart move. Over the next 10 years, equity mutual funds, which historically offer returns of 10-12% annually, can significantly grow your wealth. Since you are already investing in a diversified portfolio of index, small-cap, mid-cap, and flexi-cap funds, increasing these investments aligns well with your long-term goals.
Investing in real estate, particularly land, can provide diversification. However, real estate is typically less liquid and the returns can be location-dependent. If you're confident in the property’s growth potential, this can be a good long-term investment. However, your existing strategy of focusing on equity mutual funds will likely offer better returns and flexibility, given your 10-year investment horizon.
So closing your home loan by March 2025 and redirecting the freed-up funds into increased SIPs appears to be the best route. It balances peace of mind, tax efficiency, and long-term wealth creation, while real estate can be considered for diversification if you find a promising opportunity.
There are many real estate opportunities like REIT or Partial ownership in commercial properties which can also yield between 14 to 22% overall return with about 5 to 8% monthly return and 10 to 12% of Growth in the Asset Value at end of tenure.
Investment is commodities like gold and silver can also yield a return of 8 to 10% with reducing the risk in one sector.
Diversification is the mantra, do not depend on only one or two type of investment avenues. Explore other options as well.

Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Dr Karthiyayini

Dr Karthiyayini Mahadevan  |1065 Answers  |Ask -

General Physician - Answered on Sep 14, 2024

Asked by Anonymous - Sep 13, 2024Hindi
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I am 75 + ....Around two months back I was diagnosed as dengue positive with platelet count at 75,000. with proper medication, platelet counts were increased to 2,05,000 and fever was subsided.However swellings on both arms and legs persisted.. Off late on my both solders i am suffering severe pain and enable to make any movement, i feel like inner vain of my both hands are getting stretched/pulled (right from my solder to the finger tips and swelling on both hands and legs are still there. My doctor says that it may continue for another two three months and proscribed me only pain killer tablets.Doctor says that there is no specific medicine for Dengue. I got thorough blood and urine test along with other test like scanning, x-ray etc. All the test reports are normal except slightly blood sugar (PP) on higher side and enlargement of prostate gland (which is there since last 10 years and i am on regular medicine (silodosin 8-mg, one tab a day) Kindly advise me with your good suggestions that what could be the cause of this problem and which expert doctor I should consult since it is very difficult situation for carrying out my routine activities and also I can't sleep properly due to severe pain. Thank you
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They are mostly self limiting if your lifestyle is well disciplined.
Here are the points towards a healthy lifestyle
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2.Sleeping time to be regulated. Fix a specific time around 9/9.30 pm and unwind from the world particularly off media from 7 pm
3.Regular brisk walking 30 mts a day five days a week
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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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