Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 18, 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
Ashish Question by Ashish on Apr 17, 2024Hindi
Listen
Money

I am 45 years old. I have SIPs of Quant Active 5000/-, Parag Parikh 5000/-, Canara Bluechip 5000/- & Tata Digital 5000/-. All Direct funds & upto 2 yeras old. I have EPF + VPF of around 12000/- for debt portfolio & total about 10L. PPF having around 12 Lakhs. Now adding only 10000/- in PPP for continuity. NPS adding 50000/- per year. Amount will be required after 5 years upto 18 years from any or mix of portfolio. For retirement having agricultural income which is presently 4L/year will come to me from father later. Insurance available from office & self taken 5L FF. Pls advise for any changes or need to change funds.

Ans: You have a well-structured investment approach with a mix of equity and debt investments suitable for your age and goals.

Equity Allocation: Your SIPs in diversified equity funds and NPS contributions provide a good base for long-term growth. Given your 5-18 year horizon, it aligns with your goals.
Debt Allocation: EPF + VPF and PPF form a substantial part of your debt portfolio, providing stability and tax benefits.
Emergency Fund: With EPF, VPF, and PPF, you have a decent debt cushion.
Retirement: Your agricultural income and EPF contributions will support your retirement income.
Suggestions:

Review & Rebalance: Periodically review your portfolio to ensure it aligns with your goals and risk tolerance. Consider rebalancing if needed.
Tax Planning: Given the EPF, VPF, and PPF contributions, ensure you're maximizing tax benefits across investments.
Insurance: Since you have insurance coverage from both work and personal policies, review if the coverage amount is adequate considering future needs and inflation.
Continued Investments: Continue with your SIPs and NPS contributions to benefit from compounding and rupee cost averaging.
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.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Listen
Money
Dear Sir. I am 43 years old. i am a salaried person and my investment plan is for 15 years(Retiring a the age of 58). From Jan 2022 I am doing MF SIP of Rs. 12,000 pm(Increasing at rate of 10% per year). My purpose of investment is for retirement. Presently my monthly SIP in MF is as follows: 1) Canara Robeco Blue Chip Fund(Regular Growth) -- Rs 3,000 p.m. with 10% increase every year. 2) Axis Midcap Fund(Regular growth) - Rs 3,000 p.m. - with 10% increase every year. 3) SBI Small cap Fund(Regular Growth - Rs. 3000 p.m.- Without increase. 4) White Oak Flexi Cap Fund - Rs 2800 p.m. - Without increase. Further i am investing 2 to 5 gram (Lumpsum) in Sovereign Gold Bonds(8 years lock-in) as and when bonds listed for IPO. I want to earn Rs 1,00,000 p.m. after retirement. Please review my portfolio and advise for any change/shift to be done before retirement.
Ans: Your investment strategy for retirement looks well-planned and diversified. Regularly reviewing your portfolio is prudent to ensure it aligns with your goals.

Consider increasing exposure to funds with a consistent track record of delivering returns over the long term. Rebalance periodically to maintain the desired asset allocation.

Given your timeline, staying invested in equities is sensible for potential growth. However, keep an eye on market trends and adjust your portfolio accordingly.

Continue to capitalize on opportunities like Sovereign Gold Bonds, but ensure they complement your overall portfolio without overshadowing other investments.

As you approach retirement, gradually shift towards more conservative options to safeguard your capital while aiming to generate the desired monthly income.

Remember, consistency and discipline are key to achieving your retirement goals. Keep monitoring and adjusting your strategy as needed.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Listen
Money
I am 35 years of age and working in a PSU. I have following savings 1. PPF of amount 26L , contributing 1.5L each year. 2. PF around 10L. 3. NPS around 1L ( just started ). 4. FD around 10L. 5. SIP around 45000 each month having total portfolio of around 32L in MF including SIP and lumpsum. Want to increase SIP gradually to 1L per month in next 7 years . I do not have any type of loans. Pls suggest any adjustment in my savings and portfolio if any.
Ans: It's evident that you've been diligent in your savings and investments, which is commendable. Your portfolio reflects a balanced mix of traditional and market-linked instruments, providing stability and growth potential.

Given your age and financial goals, here are some suggestions to optimize your savings and portfolio:

PPF and PF: With a substantial amount in PPF and PF, you're already on track for long-term savings. Since both these instruments offer tax benefits and stable returns, continue contributing to them regularly to maximize their growth potential.

NPS: It's great that you've initiated investments in the National Pension System (NPS). NPS offers a combination of equity, corporate bonds, and government securities, providing diversification to your portfolio. Consider increasing your contributions gradually to build a robust retirement corpus.

FD: While Fixed Deposits provide safety and guaranteed returns, the interest rates may not always beat inflation, leading to erosion of purchasing power over time. Evaluate whether you can allocate a portion of your FD corpus to more growth-oriented instruments like mutual funds for better returns in the long run.

SIPs: Your SIP investments of ?45,000 per month show a commitment to wealth accumulation through equity mutual funds. Increasing the SIP amount gradually to ?1 lakh per month over the next seven years aligns with your goal of enhancing wealth creation. Ensure that you review and adjust your SIPs periodically based on market conditions and your financial goals.

Portfolio Rebalancing: Regularly review your portfolio to ensure it remains aligned with your risk tolerance and financial objectives. Consider rebalancing your portfolio periodically to maintain the desired asset allocation mix and optimize returns.

Emergency Fund: It's essential to have an emergency fund equivalent to 6-12 months of living expenses in a liquid and easily accessible account. If you haven't already, consider setting aside a portion of your savings for this purpose to handle unforeseen expenses without disrupting your long-term investments.

Overall, your savings and investment approach indicate a disciplined approach towards financial planning. By making gradual adjustments and staying committed to your financial goals, you're well-positioned to achieve financial security and prosperity in the years ahead.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Nayagam P

Nayagam P P  |3918 Answers  |Ask -

Career Counsellor - Answered on Nov 24, 2024

Listen
Career
Sir i am currently in class 11 th and i just want to prepare for jee mains and advanced 2026 exam so give me some roadmap to achieve and also guide me for computer science
Ans: Shreya, I trust that you have already enrolled in a coaching center, whether it be online or in person, and have finished your eleventh syllabus. (1) If you have not yet created your own short-notes for the 11th syllabus that has been completed, prepare it and continue to revise them every three days until 2026, even after you have commenced studying the 12th syllabus in December 2024. (2) Review the questions that you have incorrectly answered or skipped in mock tests conducted by your Coaching Center and/or practiced independently. (3) In order to increase your rank/percentile by targeting computer science at a reputable college/institute, prioritize mathematics (although all three subjects are equally important). (4) You should be thorough with NCERT books, particularly those pertaining to chemistry, in conjunction with the materials provided by your coaching institute. (5) Have 1-2 reference books for each subject. Not exceeding two. (6) Review the questions that were incorrectly answered or skipped in your mock and practice exams and retake the test. It is advisable to maintain a distinct note-book for these types of questions, which should include answers and elucidating notes, in order to review them repeatedly for all three subjects. (7) Download the SYLLABUS of JEE Main 2025 (available on Google by searching for "JEE Main Information Bulletin") and print it out, as there will be no significant changes to the syllabus in 2026. Maintain it on your study table and continue to update the 11th syllabus chapters and concepts that you have covered to date by marking them with a checkmark. This will boost your confidence if you continue to update the same till November 2025. (8) A slight difference in Syllabus might be visible when you acquire the 2026 JEE Main / JEE Advanced Syllabus. The same can be resolved within 15 days to one month in 2025-26. (9) Increase your productivity by studying for 45 minutes to 1 hour, taking a 10-minute break, and then continuing for 45 minutes. (10) Take a 2-3 minute break every 45 minutes while practicing questions, whether offline or online. This break should consist of closing your eyes and taking long breaths to enhance your concentration and mental capacity. (11) Additionally, it is recommended that you acquire the 20-40 PREVIOUS years question paper book of JEE (Main & Advanced) from Amazon. Arihant's, Disha's, or MTG's publications are recommended. Once you have finished reading a chapter, practice and complete it to determine the extent to which you have comprehended the concepts and to identify areas that require improvement. (12) By October 2025, ensure that you have reviewed significantly more than 90% of the previous years questions. Your confidence will be further bolstered by this. (13) After the mock test is completed at your coaching center, clarify all incorrectly answered or ignored questions and continue to revise and practice them, as these types of questions will significantly disrupt your performance in the actual JEE. (14) If you are a regular school student, inquire with your class teacher about the minimum attendance requirement as outlined in the Board's regulations (State, CBSE, ICSE, etc.). Utilize the remaining 15% by taking time off and preparing for your JEE, if only 85% attendance is required. (15) THE MOST IMPORTANT Value Added Suggestion: Rather than solely relying on JEE, please participate in 5-7 entrance exams/counseling process with a JEE score for getting admission into any one of the private engineering colleges to have a variety of options to select the most suitable one. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

...Read more

T S Khurana

T S Khurana   |197 Answers  |Ask -

Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
Listen
Money
Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x