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Ramalingam Kalirajan |1896 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 04, 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 - Jan 10, 2024Hindi

Money

I am 66, may I invest rs.5,000/- SIP with step up 15% p.a. either multi asset fund or large & midcap fund. My mail I'd rabic76@ Gmail.com

Ans: As a 66-year-old investor, it's crucial to consider your investment goals, risk tolerance, and financial situation when making investment decisions. While investing in mutual funds through SIPs can be a good strategy for long-term wealth accumulation, it's essential to choose funds that align with your needs.

Investing Rs. 5,000/- SIP with a step-up of 15% p.a. in either a multi-asset fund or a large & midcap fund can be suitable depending on your risk tolerance and investment horizon. Here's a brief comparison of both options:

Multi-Asset Fund: These funds invest in a mix of equity, debt, and sometimes other asset classes like gold. They offer diversification across asset classes, which can help manage risk. However, the equity component may still expose you to market volatility.

Large & Midcap Fund: These funds invest in a combination of large-cap and mid-cap stocks. They offer the potential for higher returns compared to large-cap funds alone, but they also come with higher risk due to exposure to mid-cap stocks.

Considering your age, it's advisable to prioritize capital preservation and downside protection while still aiming for reasonable returns. Therefore, a multi-asset fund may be more suitable as it provides diversification across asset classes, including relatively safer debt instruments.

However, before making any investment decisions, it's crucial to consult with a financial advisor who can assess your specific financial situation, goals, and risk tolerance to provide personalized advice. They can help you select the most appropriate investment strategy to meet your needs and objectives.

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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gm sir, looking for small cap investments in sip as i.am salary person presently 3000 investment in midcap and multicap sip monthly from salary

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Question by shailesh - Nov 06, 2023Hindi

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My age is 57 years old. You may please advise me to invest in some SIPs of Rs. 15000/- per month for 5 years.

Ans: starting an SIP at 57 is a commendable step towards securing your financial future. Here’s a thoughtful approach tailored for you:

Risk Assessment: At this stage, capital preservation becomes paramount. Opt for balanced funds or hybrid funds that provide a blend of equity and debt. This offers growth potential while cushioning against market volatility.
Asset Allocation: Diversify your SIPs across asset classes to spread risk. Consider allocating a portion to equity for growth and the remainder to debt for stability.
Tenure Consideration: A 5-year SIP is relatively short-term in the investment horizon. However, it's essential to align with your retirement plans. Ensure the chosen funds have a consistent track record over this period.
Tax Efficiency: Look for tax-saving SIPs under Section 80C, if you haven’t exhausted the limit. This can provide tax benefits while growing your wealth.
Periodic Review: Regularly monitor the performance of your SIPs. If any fund underperforms consistently, consider switching to a better-performing fund.
Stay Informed: Keep yourself updated with the market trends and financial news. This helps in making informed decisions and staying ahead of potential risks.
Emergency Fund: Ensure you have an emergency fund equivalent to 6-12 months of expenses. This will provide a financial cushion during unforeseen circumstances without liquidating your investments.
Remember, the goal is not just to invest but to invest wisely. It's essential to strike a balance between growth and stability, ensuring your investments align with your financial goals and risk tolerance. Your commitment to investing at this stage reflects prudence and foresight. Best wishes for your investment journey!

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Question by Rabindra - Jan 08, 2024Hindi

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I am 66 can I invest Rs.5,000/- SIP with stepup 10% you. to Mirae Asset Emerging Bluechip Fund - D/Plan - Growth. Let me know your decision.

Ans: Hello Rabindra & thanks for writing to me. Mirae Asset Emerging Bluechip is a good fund and you can consider investing in it provided it fits your objectives & risk profile.

If you share your risk appetite & objectives, I may recommend other schemes.

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Question by Mariyam - May 10, 2024Hindi

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I am 20 years old . Like3-5 years back i fall on the ground on my knee. Now From 2-3 month i Expreance the pain in my knee and it goes all the way down on my knee. Is there any chance it can be some kind of bone cancer? Because my relative have same case and it turn out he have bone cáncer.

Ans: Hello Mariyam,
Have you done any x-ray or MRI for the knee? Only then we will know the exact cause of the knee pain.

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Question by vrajagopalan - Apr 08, 2024Hindi

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Dear Doctor, I am 66 years male. I had a fracture on my left knee and surgery was done and am ok now. But getting up from the chair pose some problem. also i feel some pain in the Hip joint [Right side] .It pains more when I sneeze. What is the best calcium supplement to be taken..Regards/rajagopalan

Ans: Hello vrajagopalan,
Usually as a physio we do not prescribe medicines. So please ask your general physician to advise you regarding the calcium and the dosage required for you. Also check with him if you require to take Vitamin D3 and B12 supplements too as they are also important.
All the best!

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Question by Anand - Apr 22, 2024Hindi

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I am very fed up with my left ankle pain from last 4-5 months. I met to private Doctor of Ortho and also in AIIMS, Raipur (CG) in General Medicine but not cure.

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Please can you give you me some more information like what tests have you done? X-ray? MRI of back? Blood tests for Vit D3 and B12? If yes, please tell me the diagnosis? Have you been to an orthopedic or a physiotherapist?

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Ans: Hello S,
How are you now? Has your pain gone?

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Ans: If you are resident and ordinary resident in India, you have to pay tax on Income earned even outside India i.e. Commission Income.

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Question by Kalasagara - May 08, 2024Hindi

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Capital gain tax on sale of ancestral property. 1940 my father has got some ancestral property which purchased on 1930 and the same has been distributed among our family members 2 years back. I got my share 2 years back and now I want to sell the same. At present we don't know the purchase value of the property purchased on 1930. Please advise me how to calculate short term/Long term capital gain tax and how to utilise the capital gain tax to purchase new property or house/flat

Ans: It will be taxable as Long term capital gain. You have to get fair market value as on 1.4.2001 and after applying indexation on said value you can derive at amount of capital gain.

To save tax on long term capital gain; you can invest gain amount to acquire house property and get exemption u/s 54. As per section 54, if you want to buy a residential house property from long term capital gain from sale of house property then you must buy the residential house property 1 year before or 2 years from date of such transfer of shares or construct the house property within 3 years from date of transfer of such property.

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Asked by Anonymous - May 08, 2024Hindi

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Asked by Anonymous - May 01, 2024Hindi

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Sir can anyone please help me understand tax harvesting procedure in MF (SIP) , If I invested ?300000 lumpsum in A-MF which gave 12% returns in 1year total value would be 336000 if I sell this corpus after 366th day my investment is tax free(LTCG- MY RETURNS

Ans: It depends on type of scheme (equity or debt based scheme).

Short Term or Long Term depends on period of holding. Debt based scheme are always short term and taxable at slab rate. Equity based scheme are long term if it is sold after holding for 12 month or more. Long term capital gain on equity scheme is taxable at NIL rate upto 1 lacs of gain.

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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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