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Vivek Lala  |251 Answers  |Ask -

Tax, MF Expert - Answered on May 19, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Asked by Anonymous - May 18, 2024Hindi
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I am 45 year old . Invested in mutual funds from last 5 years and my corpus is 88 lakh and a FD of Rs. 20 lakh. I am investing regularly 1 lakh every month in MF. Want to make the corpus of 5 Crore at the age of 50. I am invested in Mid cap and small caps fund. Plz suggest me that i want to break the FD amd wanna invest in MF lumpsum. Is it right.

Ans: Hello, good to hear that you have been investing in the equity markets via mutual funds for the last 5 years and made consistent returns of about 15% XIRR.
You can get to 5crs at the current pace by the age of 55yrs , if you want to get to 5crs in the next 5yrs then you can make the following additions to your portfolio :
1) Move 10L from your FD's to Mutual funds
2) Your SIP amount has to be a total of 3.9L instead of 1L
3) You can make a little aggressive portfolio compared to the current one by talking to an advisor

Attaching my LinkedIn profile in case you have any further question for the above suggestions

https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app
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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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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