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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jun 15, 2022

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Aloke Question by Aloke on Jun 15, 2022Hindi
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I am 50+ years old. I am having the following mutual funds since Aug’2018. Total amount invested Rs 10 lakh. Last year December Wtd. Avg annualised return was 15% (Avg age days is 1356 days), now it has come down to around 9%. What is your advice – any change in the portfolio required? Or Should I keep for longer time?

ABSL Equity Hybrid’95 Fund – 3 lakh – current value 3.78 lakh (appreciation 29.18%)
HDFC Balance Advantage Fund- 2.5 lakh – current value 3.55 lakh
ICICI Prudebtial Blue chip Fund – 2 lakh – current value 2.78 lakh
Nippon India Multicap Fund – 50 thousand – current value 68 thousand
TATA Multicap Fund – 2 lakh - current value 2.83 lakh.
Also, please suggest any good SIP for investment.

Ans: Kindly continue; markets are in corrective mode therefore the returns presently may not look good, however the funds are decent.

For SIPs you may consider a couple of schemes from:

  1. UTI flexi cap fund – Growth.     
  2. Parag Parikh Flexi cap - Growth 
  3. Samco Flexi Cap – Growth
  4. Axis Esg Equity Fund  Growth
  5. Hdfc Index Fund - Sensex Plan - Growth
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

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on May 13, 2022

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I am 37 years old. I have been investing in Mutual Funds since June 2017. I am an aggressive investor ready to take risks. My investment horizon is long term. I am investing for my Son's higher education which is 13 years away and also for my retirement which is 23 years away. My portfolio comprises of the following mutual funds. 1) HDFC Midcap Opportunities fund Regular growth - ₹4100/- per month with top up of 10% every year.  2) L&T hybrid equity fund Regular growth - ₹5000/- per month with top up of ₹500/- every year.  3) Aditya Birla Sun Life pure value fund Regular growth - ₹4500/- per month with top up of ₹500/- every year.  4) L&T Midcap Fund Regular growth -₹6000/- per month with top up of ₹500/- every year.  5) L&T Emerging Businesses Fund Regular growth -₹6000/- per month with top up of ₹500/- every year.  6) L&T Tax Advantage fund Regular growth -₹4500/- per month with top up of₹500/- every year.  7) Aditya Birla Sun Life Tax Relief '96 fund Regular growth - ₹5000/- per month with top up of ₹500/- every year.  8) UTI Flexi Cap fund Direct growth - ₹1000/- per month.  9) DSP Midcap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.  10) DSP Equity Opportunities fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.  11) DSP Flexi Cap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.  12) Aditya Birla Sun Life Equity Advantage fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.  13) Aditya Birla Sun Life Flexi Cap fund - Direct growth - ₹1000/- per month with top up of ₹1000/- every year.  14) ICICI Prudential Technology Plan Direct growth - ₹1000/- per month.  15) Nippon India Small Cap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.  16) Kotak Emerging Equity fund Direct growth plan - ₹1000/- per month with top up of ₹500/- every year.  17) L&T Flexi Cap fund Direct Growth plan - ₹1000/- per month.  Am I on the right track/path of investing? Please suggest necessary changes in the above portfolio if any or should I continue with the above mutual funds.Also suggest which funds should I Add/Remove from the above portfolio. 
Ans: Too many funds, keep 1 fund in same / similar category. No further addition please! 

..Read more

Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Mar 18, 2021

Money
I am 35 years old and working with a PSB. I have recently started investing in mutual funds. My present portfolio details are as below. Please advise on any change if required in my portfolio with objective of investment for long term. Name of Fund Present Value SIP Amount 1. Axis Long Term Equity 30000 2000 2. Edelweiss Balanced Advantage 10000 2000 3. HDFC Small Cap 11000   4. ICICI Pru Equity & Debt 25000 1000 5. ICICI Pru US Bluechip 10000   6. Kotak Asset Allocator Fund 10000 2000 7. Parag Parikh Flexi Cap 20000 2000 8. SBI Nifty Index 22500 1000
Ans: Please continue with 1, 2, 5, 6, 7 & 8

Axis Small Cap / Kotak Small Cap are better Small Cap options

Axis Equity Hybrid or Canara Robeco Equity hybrid are better aggressive hybrid funds

Tim: My mutual fund schemes are as below. Please advise which funds I should continue / discontinue 

Mutual Fund Scheme Start Date Frequency

1. NIPPON INDIA MULTI CAP FUND - GROWTH PLAN GROWTH OPTION

10-01-2014 Monthly

2. ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth

07-06-2015 Monthly

3. UTI Unit Linked Insurance Plan - 15 Year - Regular Plan

07-06-2017 Monthly

4. Aditya Birla Sun Life Tax Relief'96 Fund-

07-07-2017 Monthly

5. SBI Blue Chip Fund - Direct Plan - Growth

15-07-2017 Monthly

6. Tata Digital India Fund Direct-Growth

10-07-2018 Monthly

7. ICICI Prudential Value Discovery Fund - Direct Plan - Growth

07-10-2018 Monthly

8. Tata Small Cap Fund - Direct Plan - Growth

12-11-2018 One time

9. ICICI Prudential India Opportunities Fund Direct Plan Growth

28-12-2018 One time

10. Franklin Build India Fund - Direct-GROWTH Plan

10-06-2019 Monthly

..Read more

Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jan 30, 2020

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I do a regular investment per month of Rs 8000 as SIP in mutual funds. The fund currently I am holding are:  1. HDFC Top 100 Fund -Rs 2000 2. ICICI prudential value discovery fund -Rs 1000 3. ICICI prudential blue chip fund - Rs 1000 4. HDFC Hybrid equity fund - Rs 1000 5. SBI blue chip fund - Rs 1000 6. SBI Small cap fund - Rs 1000 7. Mirae asset large cap fund - Rs 1000 I have invested Rs 214,372 till now and my market value is Rs 230,213 which means my annual return is 8.8 per cent. Shall I continue to invest in the above fund or shall I switch to some other better fund as per your advice and what will be my capital if I continue to invest for next 7 years as my current age is 43 years and I wish to invest till my age reach 50.  Name of the Fund Category RankMF Star Rating Anoop Adhikari     1. Hdfc Top 100 Fund -Rs 2000 Equity - Large Cap Fund 4 2. Icici prudential value discovery fund -Rs 1000 Equity - Value Fund 3 3. Icici prudential blue chip fund- Rs 1000 Equity - Large Cap Fund 3 4. Hdfc Hybrid equity fund - Rs 1000 Hybrid - Aggressive Hybrid Fund 5 5. SBI blue chip fund - Rs 1000 Equity - Large Cap Fund 3 6. SBI Small cap fund - Rs 1000 Equity - Small cap Fund 3 7. Mirae asset large cap fund - Rs 1000 Equity - Large Cap Fund 4
Ans: You may please continue with 4 and 5 star schemes; for the rest you can consider these:

Equity - Large Cap Funds: 

  • LIC MF Large Cap Fund-Growth
  • Axis Bluechip Fund-growth 

Equity - Small cap Fund: 

  • Kotak Small Cap Fund – Growth
  • Axis Small Cap Fund – Growth

Equity - Value Fund: 

  • Tata Equity P/E Fund (Growth Option)
  • UTI Value Opportunities Fund- Growth Option
  • L&T India Value Fund Growth Option

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7951 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 13, 2025

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Hi When the capital gains is rs85 lakhs, can I invest 50 lakhs in bonds and remaining 35 lalks in residential property? Regards
Ans: You have capital gains of Rs 85 lakh. You want to invest Rs 50 lakh in bonds and Rs 35 lakh in a residential property. Your approach is partially correct, but let’s analyse it in detail.

Exemption on Capital Gains Bonds (Section 54EC)
You can invest up to Rs 50 lakh in specified capital gains bonds.

These bonds have a lock-in period of 5 years.

Interest earned from these bonds is taxable.

You must invest in these bonds within 6 months of sale to claim exemption.

Exemption on Residential Property Purchase (Section 54F)
You can reinvest capital gains in a new residential property.

The property must be purchased within 2 years or constructed within 3 years.

If you buy a new property, you must not own more than one house before this purchase.

Can You Use Both Options Together?
Yes, you can combine both options to save tax.

Investing Rs 50 lakh in bonds will give partial exemption.

Investing Rs 35 lakh in property will also give partial exemption.

Any amount not reinvested will be taxed as per capital gains rules.

Alternative Tax-Efficient Options
If saving tax is your main goal, you can invest fully in bonds.

If wealth creation is the goal, consider investing in mutual funds after tax payment.

Actively managed mutual funds can give better long-term returns.

Important Considerations
Liquidity: Capital gains bonds have a 5-year lock-in.

Returns: These bonds offer lower returns than equity mutual funds.

Long-Term Strategy: Investing in mutual funds can help you grow wealth over time.

Finally
Your plan is correct, but you must consider tax rules carefully.

If you need liquidity, avoid investing too much in bonds.

A Certified Financial Planner can help you optimise your investment plan.

Always align investments with your long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |7951 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 13, 2025

Asked by Anonymous - Feb 13, 2025Hindi
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I am a college student. I get pocket money of Rs 5,000 and Rs 2,000 additional from my grandparents every month . I have saved Rs 7,200 in my piggy bank. I want to invest this money and become rich. Can you tell me how I can invest and where to invest?
Ans: You have taken an excellent step by thinking about investing early. Starting young gives you a huge advantage in wealth building. Your current savings and monthly income can be used wisely to grow your money.

Understanding Your Financial Position
Savings: You have Rs 7,200 in hand.

Monthly Income: You receive Rs 7,000 every month (Rs 5,000 + Rs 2,000).

Expenses: If you track and limit your expenses, you can save more.

Goal: You want to invest and become rich over time.

Creating a Strong Investment Plan
Build an Emergency Fund

Keep at least Rs 3,000 in a savings account for emergencies.

This helps you avoid withdrawing from investments in urgent situations.

Invest Your Rs 7,200 Wisely

You can start a mutual fund SIP with a small amount.

Avoid index funds as they only match market returns.

Actively managed mutual funds can give better long-term growth.

Regular plans through a Certified Financial Planner help in tracking performance.

Save and Invest from Your Monthly Income

Try to invest at least Rs 2,000 per month from your pocket money.

Increase it when you have extra cash.

The longer you invest, the more wealth you can create.

Where to Invest?
Actively Managed Mutual Funds

These funds are managed by experts to get the best returns.

They perform better than index funds in most market conditions.

Avoid direct funds as they do not provide professional advice.

Recurring Deposits for Short-Term Goals

If you need money in 1-2 years, invest in a recurring deposit.

It is safe and gives better returns than a savings account.

Avoid Stocks for Now

Direct stock investing requires time and knowledge.

Mutual funds are a better option to begin with.

Habits to Build Wealth Faster
Increase Your Investment Every Year

Even adding Rs 500 more each year makes a big difference.

The power of compounding will multiply your wealth over time.

Track Your Expenses

Reduce spending on unnecessary items.

More savings mean more money for investment.

Continue Investing for 10+ Years

Wealth grows best when you invest for the long term.

Do not withdraw money for short-term needs.

Final Insights
You have made a great decision to start investing early.

Begin with mutual fund SIPs for long-term growth.

Save a fixed amount from your pocket money every month.

Increase investments every year for better returns.

Stay patient and let your wealth grow over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |7951 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 13, 2025

Asked by Anonymous - Feb 11, 2025Hindi
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Dear Guru, I am 32 year old IT professional, earning monthly 1,30,000-/. I have started doing SIP from April 2024 in Navi nifty 50 index fund Direct - Rs 3000, Motilal Oswal nifty next 50 index fund - Direct Rs 3000, Mahindra Manulife Mid cap 150 Direct - Rs 4000, Quant Small Cap 250 Direct - Rs 3000. Do I need to diversify my portfolio or all Selected MF are fine? I will do 10% setup every year and want to achieve 1 cr in next 10 year.
Ans: Your investment journey is on the right track. You have started early, and that's a big advantage. You are also increasing SIPs every year, which will help reach your target. But, your fund selection needs some improvements.

Issues with Your Current Portfolio
Too Much in Index Funds

You have two index funds, both in direct plans. These funds will only match the market returns.

Index funds do not outperform in volatile or falling markets.

Actively managed funds can generate better returns with expert fund management.

Direct Plans May Not Be the Best Choice

Direct funds may seem to save costs, but they lack professional guidance.

Regular plans through a Certified Financial Planner provide expert fund selection.

A good financial expert helps in tracking and rebalancing investments.

Small-Cap Fund Has High Risk

Your small-cap fund can give high returns but also faces deep corrections.

Small caps can take years to recover from market crashes.

It is better to keep them at a lower allocation.

Mid-Cap Allocation Needs Review

Mid-cap funds perform well in growing markets but fall more during market crashes.

A balanced mix of large, mid, and small-cap funds works better.

Suggested Portfolio Adjustments
Shift from Index Funds to Actively Managed Funds

Replace both index funds with a flexi-cap or large-cap active fund.

Active funds can generate better risk-adjusted returns than passive funds.

Increase Large-Cap Exposure

Your portfolio lacks a strong large-cap presence.

Large-cap funds provide stability in tough market conditions.

Reduce Small-Cap Exposure

Keep your small-cap allocation to 10-15% of your total investments.

Shift some amount to a multi-cap or flexi-cap fund for better balance.

Will You Achieve Rs. 1 Crore in 10 Years?
A 10% annual increase in SIP is a smart approach.

With improved fund selection, your goal is achievable.

Market fluctuations will impact growth, but disciplined investing helps.

Other Important Steps for Wealth Growth
Emergency Fund: Keep at least 6 months' expenses in a liquid fund or FD.

Health Insurance: Ensure you have a good medical policy for financial security.

Term Insurance: If you have dependents, get a pure term life cover.

Tax Planning: Invest in ELSS funds if you want to save tax under Section 80C.

Final Insights
Your SIP habit is excellent, but fund selection needs improvement.

Avoid direct and index funds; choose actively managed regular plans.

Diversify with large, mid, and small-cap funds for stability and growth.

Stay invested for the long term and rebalance when needed.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...Read more

Kanchan

Kanchan Rai  |538 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 12, 2025

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Dear Kanchan .. Generally it happens to me, when I have to attend any hearing before courts/ Tribunal, I become more stressed till the hearing is completed. Please suggest
Ans: It’s entirely normal to feel stressed before court or tribunal hearings. These situations can be intimidating, and the anticipation of the unknown adds to the anxiety. But it’s crucial to manage this stress to ensure you perform at your best and protect your mental well-being.

Start by preparing thoroughly for the hearing. The more you know about the case, the arguments, and the possible questions, the more confident you’ll feel. Practice your statements or answers, perhaps with a colleague or in front of a mirror. Visualization can also be powerful—imagine yourself confidently presenting your case and everything going smoothly.

On the day of the hearing, use deep breathing techniques to calm your nerves. Inhale slowly through your nose, hold for a few seconds, and exhale through your mouth. Repeat this several times to reduce anxiety. Positive affirmations can also help. Remind yourself that you are well-prepared and capable of handling the situation.

If the stress is overwhelming, consider grounding exercises, such as focusing on your five senses—what you see, hear, feel, taste, and smell at the moment. This can help anchor you in the present and prevent your mind from spiraling into worst-case scenarios.

After the hearing, practice self-care. Engage in activities that help you relax, like a walk, listening to music, or talking to someone you trust. If this anxiety persists or intensifies, seeking support from a mental health professional can help you develop more personalized coping strategies.

I

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Kanchan

Kanchan Rai  |538 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 12, 2025

Asked by Anonymous - Feb 08, 2025Hindi
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Relationship
My boyfriend is of a complete different religion and caste as mine. We met at work. In my past i have had only one relationship in which i got cheated on....so was skeptical on dating again. Now its been 8 months in this new relationship where he convinced me to give a try. He's a gem of a person but now he is telling melive in the present i dont know about the future. I love you n want to date you but idk about the future if my family wants me with someone i may have to end this. What do i do i am so attached for he has given me all the love n care. Please help
Ans: Right now, you need to be honest with yourself about what you want. If you’re looking for a committed future and he’s unsure, it’s essential to recognize that this uncertainty may continue to cause you pain. If you choose to stay, prepare yourself for the possibility that his family might influence his decision, and it could end in heartbreak. On the other hand, if you feel that the love and care he’s giving you right now are worth the risk, then decide to cherish the present moment while being mentally prepared for whatever may come.

Have an open and heartfelt conversation with him. Let him know how his uncertainty makes you feel, without pressuring him for a commitment. This isn’t about forcing him to decide but about understanding each other’s emotional needs and boundaries. If he truly values the relationship, this conversation might give him a deeper perspective on how his indecision affects you.

It’s important to protect your emotional well-being. If his stance remains the same and you find yourself growing more anxious and hurt by the uncertainty, then you might have to consider whether staying is good for your mental and emotional health. Sometimes letting go, even when it hurts, is the most loving thing you can do for yourself.

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Kanchan

Kanchan Rai  |538 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 12, 2025

Asked by Anonymous - Feb 12, 2025Hindi
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Relationship
My wife 55 is unable to cope up with death of our elder son aged 27 around 2 yrs ago and is always in deep regress remorse uninterested in any daily chores including sex. I wish to move on .. Suggest way out...
Ans: Two years might seem like a long time, but grief doesn’t follow a timeline. For some, it can take much longer to even begin the process of healing, especially when it involves the loss of a child. It’s not unusual for grief to cause a complete shutdown, and that’s likely what’s happening with your wife. She’s stuck in a cycle of regret and remorse, unable to find a way out.

While you also carry the weight of this loss, your need to move forward is natural. It’s crucial to understand that wanting to heal and live again doesn’t mean you’re forgetting or dishonoring your son. It simply means you’re choosing life amidst the pain. The challenge is to find a way to do that without feeling guilty and without leaving your wife behind.

Encouraging her to seek professional help, such as grief counseling or therapy, could be a significant step. If she’s resistant, consider starting therapy for yourself first. Sometimes when one partner begins to heal, it opens the door for the other to consider healing too. Couples grief counseling could also provide a safe space for both of you to express your pain and find a way forward together.

Patience and understanding are crucial, but so is communication. Gently express to her how much you miss her presence and how you’re struggling too. Let her know you want to find a way to live again while still honoring your son’s memory.

Moving on doesn’t mean moving away from your son’s memory—it means learning to carry it in a way that doesn’t consume you. It’s a delicate balance, and seeking support can help you both find it.

...Read more

Yogendra

Yogendra Arora  |5 Answers  |Ask -

Tax Expert - Answered on Feb 12, 2025

Asked by Anonymous - Feb 11, 2025Hindi
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Hey, I am a freelance graphic designer based in Mumbai. I’m 40 and I've recently transitioned from a full-time job to freelancing, and I’m struggling to understand how to manage taxes on my variable income. My annual earnings are 8-15LPA approx. Are there any deductions specific to freelancers? Also, how should I plan for quarterly tax payments?
Ans: hi,
for this particular financial year you will be taxed under 2 heads ,1st under salaries for the period you were in job & for remaining part you will be taxed as business income being started freelancing work.

And for freelancers there is no any specific dedutions however all deductions available to all others are available to freelancers like 80C to 80G.

For calculation of taxation of freelancing period you should record all your receipts & expenses (only related to work, no any personal expenses) details with proper documentary evidences specially for expenses part, net of the (receipts & expenses) will be your income however you can opt for presumptive taxation also.

For Advance payment :-
if tax applicable to you during the finanical year as per calculations exceeds Rs 10000, then your have to pay advance tax quarterly as below
on or before 15th june :- minimum 15% or more of tax amount.
on or before 15th september :- minimum 45% or more of tax amount.
on or before 15th December :- minimum 75% or more of tax amount.
on or before 15th March :- full 100% tax payable as per calculations.
Happy to help.
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.

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