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Ramalingam Kalirajan  |5295 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 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
Sheth Question by Sheth on May 07, 2024Hindi

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,

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 Kalirajan  |5295 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 23, 2024

I am 42 years old, my annual income is 10Lakhs and i want to make corpus of 3cr within 18 years. Presently my investments in SIP's are: HDFC mid cap opportunities fund Rs. 3000; ABSL Equity advantage fund Rs. 3000; UTI Nifty 50 Index fund Rs.5000; Nippon Small Cap Fund Rs.2000; Parag Parikh flexi cap fund Rs. 2000; Quant multi asset fund Rs.2000; Kotak emerging equity fund Rs.1500; Tata Digital India Fund Rs. 1500. Requesting your recommendations on these and advice on furher investment if any....Thank You
Ans: You've built a diversified portfolio with a mix of large-cap, mid-cap, small-cap, flexi-cap, and sectoral funds, which is a good start towards your ambitious goal. Here are some considerations and recommendations:

Asset Allocation: Given your goal and age, you might want to tilt your portfolio towards more equity-oriented funds. While equities carry higher risk, they also offer potential for higher returns over the long term.
Review & Rebalance: Periodically review your portfolio to ensure it aligns with your goals and risk tolerance. Rebalance if necessary to maintain your desired asset allocation.
Increase SIP Amounts: With a target corpus of 3 crores in 18 years, you might need to consider increasing your SIP amounts annually to account for inflation and potentially higher returns.
Diversification: Ensure you're not overly concentrated in a single asset class or sector. Diversification across asset classes and market caps can help spread the risk.
Consult a Financial Advisor: Given the complexity of financial planning, it might be beneficial to consult a financial advisor who can provide personalized advice based on your financial situation, goals, and risk tolerance.
Remember, investing is a journey, not a destination. Consistency, discipline, and periodic reviews are key to achieving your financial goals.

..Read more


Ramalingam Kalirajan  |5295 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Hi Sir Sangayya hear from Karnataka my age is 43 from last 3 years I started my SIP details r as below 1 ELSS - 5 sips each 1k 2. Large & mid cap fund - 3 sips 1k each 3. Thematic fund - Franklin India opp - 5k 4. Multi asset allocator - Tata 5k 5.Flexi cap fund - 2 Sips 1k each 6. Dynamic Asset - Edelweiss balanced Adv fund 1k 7. Small cap - Nippon India 1k Total monthly 22k is my investment kindly suggest I want to build my corpus 1cr in another 10 year & how much I have to invest more to achieve Target
Ans: Hello Sangayya, it's great to see your commitment to building your financial future through SIP investments. Let's break down your goal of reaching a corpus of 1 crore in 10 years and assess your current investment approach:

Review Current Investments: Evaluate the performance of your existing SIPs relative to their benchmarks and peers. This will help you understand if adjustments are needed to optimize your portfolio for growth.
Assess Required Monthly Investment: To reach a corpus of 1 crore in 10 years, you'll need to calculate the required monthly investment based on your expected rate of return. This depends on factors like the type of funds you're investing in and prevailing market conditions.
Consider Increasing SIP Amount: If your current monthly investment of 22k isn't sufficient to reach your goal, you may need to increase your SIP amounts or explore additional investment avenues. A Certified Financial Planner can help you determine the optimal investment strategy based on your risk tolerance and financial goals.
Stay Consistent and Patient: Building a substantial corpus takes time and discipline. Stay committed to your investment plan, continue SIPs regularly, and avoid making emotional decisions based on short-term market fluctuations.
Regular Portfolio Review: Periodically review your portfolio's performance and make adjustments as needed. Rebalancing your investments and exploring new opportunities can help you stay on track towards achieving your financial goals.
Remember, while setting ambitious targets is commendable, it's essential to ensure that your investment strategy is realistic and aligned with your risk tolerance and financial capacity. With careful planning and perseverance, you can work towards building a significant corpus over the next decade.

..Read more

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Nayagam P

Nayagam P P  |2471 Answers  |Ask -

Career Counsellor - Answered on Jul 25, 2024

Presently Im a class 12 commerce student and i want to join BCA for my degree next year but i dont know what are the careers after BCA.
Ans: Adella, first of all, shortlist top 5-10 colleges to get admission for your BCA.

Know the Eligibility Criteria / Admission Process / Entrance Exams (such as CUET & other Private Colleges' its own Entrance Exams) you will have to appear in.

There are multiple career options after BCA, but depends upon which specialization you will choose, which specilizations are available in the college you will join & which all skills you will upgrade. Some of the examples of specializations available for BCA are:

1) Software Development
2) Cyber Security
3) Data Analytics
4) Web Development
5) Mobile Application Development
6) Networking & System Administration
7) Cloud Computing
8) Digital Marketing
9) Multimedia & Animation
10) AI & ML
11) Full Stack Development & More.

After you get admission into BCA in any college:

1) Try to maintain a good academic performance.
2) Involve in co/extra-curricular activities.
3) Keep upgrading your skills, as recommended by your college faculties.
4) Start researching about the Recruiters/Companies visited your college for Campus Recruitment.
5) Have a Professional LinkedIn Profile.
6) Put Job Alerts related to your domain in LinkedIn.
7) Get notifications of job vacancies and go through the JD (Job Description) of each.
8) Know the Job Market Trends & keep analyzing how it changes till your 3rd year.
9) Connect with Professionals of your domain, get their advice/views/opinions for your Career Growth
10) At the end of your 3rd year, start applying for jobs through LinkedIn, matching your Profile and also prepare for your Campus Interview.

All the BEST for Your Bright Future.

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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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