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Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on Dec 19, 2022

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Aloke Question by Aloke on Dec 19, 2022Hindi
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I am 70 years old and living on pension and interest income. I have invested Rs 30 lakh in the following mutual funds since 2015. I don’t want to redeem any of the funds right now. I may kindly be advised whether I should close all the funds and put them under one Balanced Advantage fund.

1)  Hdfc retirement savings equity plan

2)  Hdfc balanced advantage fund

3)  Nippon india growth fund

4)  DSP tax saver fund

5)  DSP quant fund

6)  SBI Bluechip fund

7)  SBI Equity Hybrid fund

8)  SBI magnum midcap fund

9)  ICICI flexicap fund Regards,

Ans: Hello Aloke. Considering your age factor as primary concern for portfolio analysis, it seems there are high risk appetite schemes in your portfolio. Hence, I would recommend to switch your investment in low risk appetite with Hybrid asset class such as:

  • HDFC Balanced Advantage Fund
  • ICICI Prudential Bluechip Fund
  • SBI Equity Hybrid fund
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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HI SIR, I AM 63 YEARS OLD RETIRED PERSON HAVING NO OTHER SOURCE OF INCOME (EXCEPT SOME INTEREST FROM POST OFFICE SMALL SAVINGS). I HAD INVESTED A CONSIDERABLE AMOUNT IN FOLLOWING MUTUAL FUND WITH MY WIFE AND AM CONSIDERING TO REDEEM SOME MONEY FOR MY EXPENSES . WOULD YOU PLEASE LOOK INTO THESE FUNDS AND ADVISE WHICH FUND SHOULD BE REDEEMED OR WHICH SHOULD BE KEPT FOR LONG PERIOD. I SHALL BE HIGHLY OBLIGED FOR YOUR VALUABLE GUIDANCE. Aditya Birla Sun Life ELSS Tax Saver Fund-Growth-Direct Plan Aditya Birla Sun Life Focused Fund - Growth-Direct Plan Aditya Birla Sun Life Focused Fund - Growth-Direct Plan Axis Flexi Cap Fund - Direct Growth Axis Small Cap Fund Direct Growth DSP ELSS Tax Saver Fund - Direct Plan - Growth Franklin India ELSS Tax Saver Fund - Direct Plan - Growth ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth Kotak Flexicap Fund - Direct Growth Mirae Asset ELSS Tax Saver Fund Mirae Asset Large and Midcap Fund Mirae Asset Large Cap Fund - Direct Plan Motilal Oswal Focused Fund - Direct Plan SBI Small Cap Fund Direct Growth Tata ELSS Tax Saver Fund Direct Plan Growth Tata Retirement Savings Fund-Conservative DIRECT Plan - Growth
Ans: Considering your retirement needs and investment goals, prioritize funds with stable performance and lower risk for long-term retention. Consider redeeming funds with inconsistent performance or those not aligned with your risk profile. Diversify across asset classes to mitigate risk and ensure steady income. Consult a financial advisor for personalized guidance based on your financial situation and retirement objectives.

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Anu

Anu Krishna  |1488 Answers  |Ask -

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Relationships Expert, Mind Coach - Answered on Feb 05, 2025

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Hi Anu I am a married woman with a very supportive husband and daughter. For last 10 years I am having an affair with a colleague and things are pretty well between us. Both of us have found the comfort and requisite from each other which we missed in married life and it saved our respective marriage though none of our family are aware of it. We balanced this till now effectively. Recently I got an opportunity within the company which is very lucrative and will enhance my career goals altogether however, for this I have to shift to another state. Now , my bf is very upset on this as it means he will not be able to meet me as we do every day. My husband and Daughter is fine with my shifting however my parents who are old are also apprehensive since I am the only child and do take care of them. My husband has assured to support them in absence of me and I have full confidence on him. All throughout my life I have focused on my professional career and have worked towards that and now when I got this opportunity I am emotionally unstable and unable to take the decision. My dilemma is surrounding various aspects. 1- Don’t want to leave my BF as he is my strength. 2- My parents are old and since I being the only child,they ae 3- If I could not perform in the new role then? 4- The daily hardship that I have to take over in a new place as my husband will not shift. 5- Remuneration wise not as such however if you say power then yes. Learning – knowledge enhancement and career upliftment - yes very much. 6- Current role will not grow much however stability as of now do exists. Can you help me to take the decision ?
Ans: Dear Nibedita,
What is important to you and what helps you grow professionally and personally must be looked at? Constraints are always going to play a role BUT working around it may help you make a decision. If professionally you are going to grow into the role and for this you need to work around things for the time being, then you must do just that. But in all this, do factor that you have a daughter who is still young and will need your presence a lot; physically and emotionally.
Now, how you work this with your BF is something that is between the two of you; but it's not power or money BUT how you grow in your new role.
Also, talk to your family and come to an arrangement whereby they also become your pillar of strength and support. You will then be able to come to a viable decision.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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