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

50 Years Old, Just Started Investing: Which SIPs Should I Choose?

Ramalingam

Ramalingam Kalirajan  |8285 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 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
Asked by Anonymous - Jul 14, 2024Hindi
Listen
Money

I am 50yrs recently started investing in mutual funds I.invested 1k in icici prudential opportunities fnd 2.5K in icici equtity n devt fun 10000 in sbi contra sip Now next pls advise For sip to be started or advise find Hdfc midcap opportunities or sbi advantage or kotak opportunities fund ls advice

Ans: Your current investments are a great start. They show your initiative to grow your wealth. Here’s what you have invested in so far:

ICICI Prudential Opportunities Fund: Rs 1,000
ICICI Equity and Development Fund: Rs 2,500
SBI Contra SIP: Rs 10,000
Analysis of Current Investments
Diverse Fund Choices:

You have chosen a mix of funds.
This helps in diversifying your portfolio.
Equity Focus:

All your current investments are equity-focused.
This is good for long-term growth.
Recommendations for New SIP Investments
Balanced Approach
For a balanced portfolio, consider adding different types of funds. Diversification reduces risk and enhances potential returns.

Mid Cap Funds:

HDFC Midcap Opportunities:
Invests in mid-sized companies.
Potential for higher returns.
Suitable for moderate risk appetite.
Balanced Advantage Funds:

SBI Balanced Advantage:
Balances between equity and debt.
Provides stability and growth.
Suitable for conservative investors.
Opportunities Funds:

Kotak Opportunities Fund:
Focuses on market opportunities.
Actively managed for better returns.
Suitable for aggressive investors.
Investment Strategy
Diversify Across Fund Types:

Invest in a mix of large cap, mid cap, and balanced funds.
This balances risk and return.
Avoid Direct Funds:

Direct funds lack professional guidance.
Regular funds through a Certified Financial Planner provide better support.
Actively Managed Funds:

Avoid index funds due to their passive nature.
Actively managed funds aim to outperform the market.
Suggested SIP Allocation
Based on your goals and risk appetite, here’s a suggested SIP allocation:

Large Cap Fund:

Allocate Rs 3,000 per month.
Provides stability with steady growth.
Mid Cap Fund:

Allocate Rs 3,000 per month.
Offers higher growth potential.
Balanced Advantage Fund:

Allocate Rs 4,000 per month.
Balances between growth and stability.
Benefits of Regular Funds
Professional Management:

Regular funds are managed by experts.
They can make informed decisions to maximize returns.
Support and Guidance:

Investing through a CFP provides continuous support.
They help in aligning investments with your goals.
Final Insights
Starting to invest at 50 shows your commitment to financial growth. Focus on diversifying your portfolio with a mix of large cap, mid cap, and balanced funds. Avoid index and direct funds. Seek guidance from a Certified Financial Planner for better investment choices. This approach will help you achieve your financial goals efficiently.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
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  |8285 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - Apr 22, 2024Hindi
Listen
Money
Hello Sir, I'm Saumya getting 37k in hand per month & I'm 26 years old. I want to start SIP with an amount of RS.5000, for this purpose on which mutual fund I should invest and how can I diversify my portfolio.
Ans: Hello Saumya, it's great to hear about your interest in starting a SIP to build your wealth at such a young age. With your monthly income of 37k, investing 5000 Rs in SIP is a prudent step towards your financial goals. Let's explore your options for mutual funds and portfolio diversification.

For your SIP investment, considering your age and risk appetite, you may opt for a diversified equity mutual fund. These funds invest in a mix of large-cap, mid-cap, and small-cap stocks, providing growth potential over the long term. Since you're starting with a moderate investment amount, you can consider starting with a single diversified equity fund initially.

Now, regarding diversification, it's essential to spread your investments across different asset classes to reduce risk. Alongside your equity SIP, you may also consider allocating a portion of your savings to debt mutual funds or fixed deposits. Debt funds offer stability and regular income, balancing the volatility of equity investments.

Moreover, considering your long-term financial goals, it's wise to diversify geographically as well. Investing in international funds or global ETFs can provide exposure to foreign markets, further diversifying your portfolio and reducing dependency on the domestic market.

As you progress and your income increases, you can gradually increase your SIP amount and diversify into more mutual funds across various categories. Regularly reviewing your portfolio's performance and rebalancing it based on your financial goals and market conditions is crucial for long-term success.

Remember, investing is a journey, and it's essential to stay committed and patient. Consulting with a Certified Financial Planner can provide personalized advice tailored to your financial situation and goals, helping you make informed investment decisions.

Starting early and being consistent with your investments will play a significant role in achieving your financial aspirations. Best of luck on your investment journey!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8285 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Listen
Money
I am 43 years old and a salaried person. Started in SIP in 2018. Kindly suggest about the funds. Following are my current mutual fund investments: 1) Franklin India Prima fund Rs.1000 2) Invesco India Contra Fund Rs.6000 3) Kotak flexicap fund Rs.4000 4) Mirae Large & midcap fund Rs.2000 5) Axis Bluchip fund 3500 6) Sbi Banking & financial service fund Rs.3500 7) Axis Small cap fund Rs.5000. All i have monthly SIP. please suggest me if any changes require.
Ans: It's great to see that you've started investing in mutual funds through SIPs. Here are some suggestions regarding your current mutual fund investments:

• Diversification: You have a good mix of funds across various categories, which is essential for diversification. It's important to spread your investments across different sectors and market capitalizations to reduce risk.

• Review Performance: Periodically review the performance of your funds to ensure they are meeting your expectations and performing in line with their peers and benchmarks.

• Consider Your Goals: Reflect on your financial goals, risk tolerance, and investment horizon to determine if your current funds align with your objectives. If you have specific goals such as retirement planning or wealth accumulation, consider adjusting your portfolio accordingly.

• Evaluate Fund Managers: Assess the track record and expertise of the fund managers managing your investments. Look for consistency in performance and a clear investment strategy aligned with your goals.

• Stay Informed: Keep yourself updated with market trends, economic developments, and changes in regulations that may impact your investments. Stay connected with your financial advisor or conduct your research to make informed decisions.

• Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) or a qualified financial advisor to get personalized advice based on your financial situation and goals. They can provide valuable insights and recommendations tailored to your needs.

Overall, while your current mutual fund portfolio appears well-diversified, it's essential to periodically review and adjust your investments based on changes in your financial situation and market conditions. By staying disciplined and informed, you can work towards achieving your financial goals effectively.

..Read more

Ramalingam

Ramalingam Kalirajan  |8285 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jul 14, 2024Hindi
Listen
Money
Pls advise My age is 50 yrs Started mutual fund investment now Icici pru opportunities fund Direct growth 1k Icici pru equity n debt direct growth 1.5k Sbi advantage drect growth 50000,Hdfc midcap opportunities 10000 Kotak opportunities fund direct 10000 OnlySip started pls advise is it fine amd Other Sip pls suggest Total investment 3.30 k SBI contra Sip 10000
Ans: Current Financial Situation
You are 50 years old.

You have started investing in mutual funds recently.

Existing Investments
ICICI Pru Opportunities Fund Direct Growth: Rs 1,000 SIP.

ICICI Pru Equity & Debt Direct Growth: Rs 1,500 SIP.

SBI Advantage Direct Growth: Rs 50,000 lump sum.

HDFC Midcap Opportunities: Rs 10,000 lump sum.

Kotak Opportunities Fund Direct Growth: Rs 10,000 lump sum.

SBI Contra Fund SIP: Rs 10,000.

Evaluation and Analysis
Investment Mix
Your investments are diversified across equity, hybrid, and contra funds.

This mix provides a balance between growth and stability.

SIPs and Lump Sum Investments
SIPs are beneficial for averaging out market volatility over time.

Lump sum investments in midcap and opportunities funds add potential for higher returns.

Recommendations
Continue Current SIPs
Your current SIPs in ICICI Pru Opportunities and ICICI Pru Equity & Debt are good for diversification.

Continue with these SIPs for consistent growth.

Review Lump Sum Investments
Your lump sum investments in SBI Advantage, HDFC Midcap Opportunities, and Kotak Opportunities Fund are well-placed.

Keep these investments but review their performance annually.

Additional SIPs
To further diversify and strengthen your portfolio, consider adding the following SIPs:

Large Cap Fund: Invest Rs 5,000 monthly. This will provide stability and steady growth.

Flexi Cap Fund: Invest Rs 5,000 monthly. This fund adjusts investments across market caps based on market conditions.

International Fund: Invest Rs 3,000 monthly. This adds geographical diversification and reduces country-specific risks.

Increase in Existing SIPs
Increase your SIP in ICICI Pru Opportunities Fund to Rs 3,000. This fund has good growth potential.

Increase your SIP in ICICI Pru Equity & Debt to Rs 3,000. This hybrid fund balances risk and return.

Health Insurance
Ensure you have a comprehensive health insurance plan. This is crucial at your age to cover medical emergencies.
Retirement Planning
Aim to invest at least 20% of your monthly income towards retirement funds.

Consider investing in a mix of equity and debt mutual funds for balanced growth.

Final Insights
Your diversified investment strategy is commendable. Continue your existing SIPs and consider adding new ones.

Increase your SIP amounts in high-potential funds.

Secure comprehensive health insurance to cover medical expenses.

Review your portfolio annually with a Certified Financial Planner to stay aligned with your financial goals.

Aim for a balanced portfolio that includes large cap, flexi cap, and international funds for robust growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Sushil

Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Apr 24, 2025

Career
Hello Sir. My Son has got offer from follwing University.. 1)University of Padua - Italy (BSC - Information Technology) - 3 years Course 2)University Of Strathclyde - UK (BSC - HON Computer Science) - 4 yrs 3)Caledonian University of Glassgow - UK (Bsc Hons Computing). 4 yrs 4) National College of Ireland (BSC - HON Computer Science Engg) - 4 yrs We are confused to select the university / country
Ans: Hello ASAD,

First and foremost, thank you for getting in touch with us. I am glad to know that your son has received offers from the above mentioned universities. As an answer to your query, I would like to tell you that a prestigious and budget-friendly education in a lively Italian environment, along with a reputable academic standing and lower living expenses is offered at the University of Padua; its 3-year BSC - Information Technology may also provide a quicker path to higher education or jobs. Coming to the University of Strathclyde, top-ranked in the UK for Computer Science, this university is renowned for its linkages with industry, research possibilities, as well as outstanding student services, offering robust employment opportunities. Next, situated in a student-centric city with budget-friendly costs in comparison to other cities in the UK, Glasgow Caledonian University focuses on hands-on, industry-focused learning with impressive graduate employment rates. The National College of Ireland provides a small, contemporary campus in Dublin with robust ties with the technology sector, internships, and employment prospects in one of Europe’s key technology hotspots.

Lastly, deciding which university and country to select depends on your son’s professional objectives, ideal learning atmosphere, budget, as well as plans for the future- whether he prefers a shorter course term, robust industrial connections, global exposure, or residing in a specific nation.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

...Read more

Nayagam P

Nayagam P P  |4455 Answers  |Ask -

Career Counsellor - Answered on Apr 24, 2025

Career
EWS category rank female 30065 suitable NIT IIIT GFTI admission getting sir 2025
Ans: Rajeswari, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.

Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...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