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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Apr 22, 2022

Mutual Fund Expert... more

Question by Prashanth on Apr 22, 2022Hindi

Money

I am 46 years old and wish to have a corpus of Rs. 1 Crore by the time I get to 60 years. I am a moderate risk taker. Kindly advise if any changes required in the above planning. Currently I have the following SIPs:

Axis Focussed 25 Fund - Gr - Rs. 5000 per month started in 2019

HDFC Mid Cap Opportunities Fund - Gr - Rs. 5000 per month started in 2019

Index - Axis Nifty 100 Index Fund - Reg (G) - Rs. 5000 per month from Dec 2021

Flexicap - PGIM India Flexi Cap Fund - Reg (G) - Rs. 5000 per month from Dec 2021

Midcap - Kotak Emerging Business Fund - Rs. 5000 per month from Dec 2021

Largecap - SBI Bluechip Fund - Rs. 5000 per month from Dec 2021

Ans: Please continue, however please be informed that all the above schemes are high to very high risk category.

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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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Apr 22, 2022

Question by Ankit - Apr 22, 2022Hindi

Money

I am 31 years old and work in a public sector company. I will retire at the age of 60 years. My objective is long term fund accumulation. In my family I have parents, my wife. I need to create a corpus of Rs 1 CR in next 10 years. Please advise if I am going in the right direction to achieve my target or if some changes are required. I have been making SIP investments as listed below. Aditya Birla Sun Life Tax Relief '96 Fund (ELSS U/S 80C of IT ACT) -- Amount 3400/ SIP. From past 4 years ICICI LONG TERM TAX SAVER Amount 3500SIP form 5 yrs ICICI Multi Cap Amount 6900 SIP from 3 yr Axis Large Cap Amount 10000/ SIP from 2 yrs SBI HYBRID Amount 2000 5 yrs Nippon Small Cap Amount 2700/ SIP form 3 yrs

Ans: Please continue

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on May 30, 2022

Question by Mohan - May 30, 2022Hindi

Money

I am 31 and work in a public sector company. I would retire at the age of 60. My objective is long term fund accumulation. I am aiming to create a corpus of Rs 2 CR in next 18 years for children’s higher education and would like to create a corpus of Rs 2 CR in next 30 years for my retirement corpus. Please advise if I am going in the right direction to achieve my target or if some changes are required. I have been making SIP investments as listed below since 3 months. 1. axis long term equity fund direct growth - 5K 2. uti flexi cap fund direct growth - 5K (annual top up 10 per cent) 3. mirae asset emerging bluechip fund- 2.5K 4. pgim midcap opportunities fund direct growth - 5K(annual top up 10 per cent) 5. hdfc nifty 50 index fund direct- 5K(annual top up10 per cent) 6. sbi focused equity fund direct growth - 3K(annual top up 10 per cent) 7. sbi small cap fund direct growth- 2K 8. hdfc small cap fund direct growth -2K(annual top up 10 per cent)

Ans: Please continue

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jan 06, 2021

Question by vipul - Jan 06, 2021Hindi

Money

I am 43 yr. old & have following SIPs going as per the duration below. My horizon is next 5-10 years & want to build a corpus of 1 Cr for retirement. Please suggest if this OK. Risk Acceptance - Medium. Mutual Fund SIP Amount Months Started SBI Blue Chip – Growth 10,000 42 HDFC Mid Cap opportunities Growth 5,000 32 Sundaram Rural & Consumption Regular 5,000 25 TATA Equity P/E Fud Regular Growth 5,000 25 Kotak Blue Chip Fund Growth 5,000 7 Mirae Asset Large Cap Fund Regular 5,000 7 Axis Small Cup Fund 5,000 1

Ans: Monthly SIP of Rs. 40000 is adequate to build a corpus of Rs. 1 crs in 10 years.

Please continue with existing Tata, Mirae, Axis and can consider UTI Equity Fund - Growth, Axis Bluechip Fund – Growth and DSP Mid Cap Fund – Growth

Abhishek Dev |57 Answers |Ask -Follow

Financial Planner - Answered on Aug 28, 2023

Question by Rajiva - Aug 28, 2023Hindi

Money

I am 57 years old now and I have started investing in SIPs Nippon India Small Cap Fund Direct Growth 3000, Quant Small Cap Fund Direct Growth 1000, ICICI Prudential Small Cap Fund Direct Growth 1000, Canara Robeco Small Cap Fund Direct Growth 1000, Quant Manufacturing Fund Direct Growth 1000, Bandhan Nifty IT Index Fund Direct Growth 1000. My aim is to build a corpus of Rs. 50 Lacs in 10 years. Please advice if the investments done by me is in correct funds and also tell me how much more amount to invest in SIP to get the desired corpus. If you think any changes to be made in my portfolio, please suggest. Thanking you in anticipation.

Ans: Good morning,
We really don't know your risk appetite, but considering your age, we believe you should be tweaking your overall portfolio and shift more towards Hybrid and Largecap funds. Currently, you're only into Smallcaps and Sectoral funds, which might not be suitable for you.
You currently invest ~Rs. 8,000 per month and are looking to have a corpus of Rs. 50 lacs in 10 years. Assuming ~12% returns, you can accumulate a corpus of ~ 18 lacs approximately. Ideally you should be investing Rs. 20-25,000 per month to build such a corpus. Happy to help!

Ramalingam Kalirajan |6345 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Question by Sheth - May 07, 2024Hindi

Money

I am 47 yrs old & have currently 3 SIP's of 10K each. 1) Parag Parekh Flexicap- ?5K 2) Kotak Emerging Equity Fund-?2500 3) Axis Small Cap Fund- ?2500 I wanted to have a Corpus of atleast 3-5 Crore in next 13 yrs till my age of 60 yrs. Should I continue with d above 3 schemes & how much SIP amt do I need to invest inorder to acheive the Corpus.

Ans: That's great you're already investing through SIPs (Systematic Investment Plans)! It shows you're on the right track to building your retirement corpus. Let's analyze your current portfolio and discuss how to reach your goals:

1. Good Start with SIPs!

Three SIPs Running! Your current SIPs of Rs. 10,000 each in a Flexi Cap, Emerging Equity, and Small Cap Fund provide some diversification across market capitalizations. This is a good starting point.

Goal in Mind! You aim for a corpus of Rs. 3-5 crore in 13 years. This requires careful planning and potentially increasing your investment amount.

2. Reaching Your Target:

Planning is Key! Accurately calculating the exact SIP amount needed is difficult without considering factors like your current corpus, expected return rate, and inflation. However, we can discuss strategies.

Review and Increase? A Certified Financial Planner (CFP) can analyze your situation and suggest if you need to increase your SIP amounts to reach your target corpus. They can also consider adding other asset classes for a more balanced approach.

3. Review and Rebalance:

Market Changes! The market keeps changing, and what looks good today might not be suitable tomorrow. It's important to periodically review your portfolio with a CFP.

Stay on Track! Regularly rebalancing your portfolio helps you maintain your target asset allocation and manage risk. A CFP can guide you on how often to review and rebalance.

4. Actively Managed Funds:

Pick Winners! Your chosen funds are actively managed, meaning fund managers try to outperform the market by picking stocks they believe will grow. Actively managed funds can outperform the market, but there's no guarantee.

Consider Your Risk: Actively managed funds tend to have higher fees than passively managed Index Funds. A CFP can help you assess your risk tolerance and choose funds that align with your goals.

Remember, reaching your target corpus requires a disciplined approach, potentially increasing your SIP amounts, and regular review with a CFP. Consulting a CFP can help you create a personalized plan and increase your chances of success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Question by Narayanasami - Sep 09, 2024Hindi

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Hi Komalji I am Male 61 yeas old, H1ABC 9.4 BFS 180 Random sugar 264. My cholesterol and BP under control My medication includes Diamicron XR 60mg - 1Tab before BF and Janumat 50/1000-1Tab after dinner . Do you advise me to take any other medicine or needle injected insulin to control my sugar level

Ans: Given your current HbA1c level of 9.4% and blood sugar readings, it seems that your diabetes is not fully controlled with your current medication regimen. For dietary modifications, focus on a balanced diet with low glycemic index foods, plenty of vegetables, lean proteins, and whole grains. Avoid processed , sugary foods and drinks. Regular physical activity can help improve insulin sensitivity and lower blood sugar levels. It’s crucial to consult with your family physician before making any changes to your medication or starting new treatments. They can provide personalized advice based on your overall health and specific needs.

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Can you please explain the causal inter connection between Type II diabetes and diabetic neuropathy/polyneuropathy -what causes which and how and what is a possible natural remedy that is effective, be it ayurveda, homeopathy or TCM (Traditional Chinese Medicine). George Chakko, former U.N. correspondent at Vienna International Centre and now retired in Vienna, Austria.

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Asked by Anonymous - Aug 28, 2024Hindi

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Hi, I am 52 years old and weigh around 78 kgs. I walk around 12000 steps daily. I do hindu pushups around 4 sets of 15 each. My fasting sugar level is always in the range of 135-140. How do I reduce it

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I am 54 year male having diabetes for the past 8 years. I used have fasting sugar at 135 which increased to 180 in 2020. After taking ayurvedic medicine dibex & madhumeh kusmakar rasa i was able to control fasting sugar between 100-120. But after some time it effects reduced. Tried neem powder, jamun powder gurmar powder with some sucess. Now again i am on cross roads with fasting sugar at 170. Kindly help me with the medication as well as diet.

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Question by Siddharth - Sep 15, 2024Hindi

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Insurance, Stocks, MF, PF Expert - Answered on Sep 19, 2024

Asked by Anonymous - Sep 19, 2024Hindi

Money

Can I retire early at 45 with 2.5 cr and monthly expense of 1 Lakh. Pl mind that I am yet to have kids and my mother and my wife are my dependents. Pl advise approximate corpus in case this is inadequate.

Ans: I recommend that you postpone your retirement till accumulation of additional corpus of 1.5+1=2.5 Cr+

This incremental 1.5 Cr with existing 2.5 Cr adding upto 4 Cr can be used to buy an annuity.

Assuming 6% annuity rate you can expect a monthly payout of 2 L(pre-tax).

After deducting monthly expenses, the balance can be reinvested in moderately risky funds to protect against inflation/healthcare costs in older age.

1 Cr can be corpus earmarked for future needs.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

You may follow us on X at @mars_invest for updates.

Happy Investing!!

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Insurance, Stocks, MF, PF Expert - Answered on Sep 19, 2024

Question by Sanjay - Dec 04, 2023Hindi

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Sir my wife is working in school Her PF was deducted under EPF Now her school has given her reemployment on adhoc basis and her PF is still deducted. As she has attained the age of 58her deductions are not taken in EPS. How can she get her pension as date of retirement under EPS and EPF are to be mentioned as same as her EPF is still being deducted

Ans: Please check if the EPF contribution after deduction is indeed credited to her EPF account especially after superannuation at 58 and reappointment thereafter on adhoc basis.

Date of exit for EPF and EPS may need not be the same.

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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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