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Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 08, 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
Dipak Question by Dipak on Mar 08, 2023Hindi
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Sir,My age is 43 year which sip or fund will be better to get pension of Rs 25000 per month at the age of 58 year and how much should I have to invest monthly.

Ans: To achieve a pension of Rs 25,000 per month at the age of 58, you need to start investing in retirement-focused mutual funds or pension plans. Here's a suggested approach:
Equity Mutual Funds for Growth: Since you have a long investment horizon until retirement, consider investing a significant portion of your savings in equity mutual funds. These funds have the potential to offer higher returns over the long term, helping you build a substantial corpus.

Diversification: Opt for a diversified portfolio of equity funds across large-cap, mid-cap, and small-cap segments to spread out risk. Additionally, allocate a portion of your investments to debt funds to provide stability and reduce overall portfolio volatility.

Systematic Investment Plan (SIP): Start a SIP in selected equity mutual funds to regularly invest a fixed amount every month. SIPs help in rupee cost averaging and can smoothen out the impact of market volatility over time.

Asset Allocation: As you approach retirement, gradually shift your asset allocation from equity to debt funds to reduce risk and preserve capital. This can be done gradually over several years to minimize the impact on your portfolio.

Systematic Withdrawal Plan (SWP): Once you retire, consider setting up a SWP from your mutual fund investments to generate a regular income stream. Determine the amount you need for monthly expenses and set up SWPs accordingly from debt or balanced funds.

Review and Adjust: Regularly review your investment portfolio and withdrawal strategy to ensure it aligns with your financial goals, risk tolerance, and changing life circumstances. Adjust your asset allocation and SWP amount as needed based on market conditions and your retirement income needs.

Consult a Financial Advisor: Consider consulting with a financial advisor who can help you design a customized investment plan tailored to your specific requirements and risk profile. They can also provide guidance on tax-efficient withdrawal strategies during retirement.

By following this approach, you can benefit from the growth potential of equity investments during your working years while ensuring a steady income stream through SWP during retirement, helping you beat inflation and meet your financial goals.
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

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

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I am 50 years old.I Want invest in sip for 5 to 7 years 20000 pm.which fund is preferable
Ans: Starting a SIP at 50 is a great decision! It shows initiative for your future. However, choosing the right fund depends on your goals and risk tolerance. Let's discuss some key points:

1. Understanding Your Goal:

Shorter Timeframe: A 5-7 year investment horizon is on the shorter side for aggressive wealth creation.

Risk and Return: Generally, higher potential returns come with higher risk. Carefully consider your risk tolerance for this investment.

2. Focus on Asset Allocation:

Asset Allocation is Key: The mix of investments (asset allocation) in your SIP is crucial. This depends on your risk tolerance and goals.

Debt for Stability: Debt Funds can provide stability and liquidity for your investment, especially closer to your investment horizon.

Equity for Growth: Actively managed Equity Funds have the potential for higher growth but also carry market risk.

**3. Considering a Mix (Hypothetically):

Hypothetical Example: A mix of Debt and Equity Funds might be suitable. Let's say 60% in Debt and 40% in Equity (this is just an example, your asset allocation may differ).

Review and Rebalance: It's important to review your portfolio periodically and rebalance if needed to maintain your target asset allocation.

4. Seeking Professional Guidance:

CFP for Personalized Plan: A Certified Financial Planner (CFP) can analyze your risk tolerance, financial goals, and investment horizon to suggest a suitable asset allocation and recommend specific fund categories (not specific fund names).
Here's the key takeaway: Starting a SIP is a smart move! Consider a mix of Debt and Equity Funds based on your risk tolerance and goals. Consulting a CFP can help you create a personalized plan for your investment horizon.

Remember, there's no one-size-fits-all answer. A CFP can guide you towards the right investment path for your financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

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Hi I am currently 50 years old... Could u guide me as to what amount of monthly SIP should I put and in to which funds so as to generate a monthly retirement payout of 2 lac every month at the age of 60 years
Ans: Planning for Retirement Income
Understanding Your Goal
Planning for a monthly retirement payout of 2 lakhs at the age of 60 is a commendable goal and requires careful financial planning.
Assessing Your Current Situation
As you're currently 50 years old, it's essential to evaluate your existing assets, liabilities, and investment portfolio to determine your financial standing.
Calculating Required Corpus
Estimating Retirement Corpus
To generate a monthly payout of 2 lakhs, you'll need to calculate the required retirement corpus based on your expected retirement age, life expectancy, inflation, and expected rate of return on investments.
Working with a Financial Planner
Consulting with a Certified Financial Planner (CFP) can help you determine the exact amount of monthly SIP required to achieve your retirement income goal.
Designing Your Investment Portfolio
SIP Amount and Fund Selection
Your monthly SIP amount will depend on factors such as your current savings, expected rate of return, and investment horizon.
A CFP can recommend a suitable asset allocation strategy and select appropriate mutual funds based on your risk tolerance, financial goals, and time horizon.
Diversification for Stability
Diversifying your portfolio across different asset classes, such as equities, debt, and possibly real estate or alternative investments, can provide stability and enhance returns over the long term.
Adjusting Your Financial Plan
Flexibility and Adaptability
It's crucial to periodically review and adjust your financial plan based on changing circumstances, market conditions, and personal goals.
A CFP can help you navigate through life transitions and unexpected events while staying on track towards your retirement objectives.
Conclusion
Planning for retirement requires careful consideration of various factors, including your age, financial situation, risk tolerance, and retirement income goals. By working with a CFP, you can develop a personalized financial plan tailored to your specific needs and aspirations, ensuring a secure and comfortable retirement lifestyle.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Radheshyam

Radheshyam Zanwar  |1054 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 21, 2024Hindi
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Hello, I am 3 yr neet dropper.in 2025 it will be my third attempt... I'm trying my best to crack neet ...i don't know what will happen will i score good marks or not ... please help me in suggesting good career options if not crack neet .....there are many options through neet marks also like bhms , veterinary...etc. i will also give entrance exam also like cuet ,gbpuat ,....but i want that what to choose which course will be best for me ...i want to make my life good and happy... having a good degree, good job ,...
Ans: Hello.
Have you analyzed your failure in 2 successive attempts in the NEET examination? If yes, then the question is what you have done for improvement and not then again the question arises why not? Here, I would like to suggest you focus now only on the NEET examination which is your 3rd attempt. Don't think about any other options right now till May 2025. After the NEET exam is over, you have ample time to explore the options available. Depending on your score in NEET 2025, we will guide you at that time. But yet, if you are confused, then looking towards your question and anxiety, you need personal counseling where you can express yourself face-to-face. Only after the NEET exam is over, you contact a counsellor for one-to-one counseling. Till then, keep mum and focus only on NEET. Take this exam as your mission and project. Work on this project, apply forces from all sides, success is there which is waiting for you eagerly.
Best of luck for your bright future.

Some tips: (1) Analyse separately Phy, Che, Bio (2) Prepare a list of hard topics (3) First focus more on the topics which are easy for you and then try to excel in hard topics (4) Appear more and more online/offline examinations (4) Prepare your short-cut file for all subjects (5) Prepare a file for each subject having only synopsis of all chapters (6) Try to solve the problems at the lightening speed and observe the period on regular basis (7) Create your time table to revise the topics on regular basis (8) Do not hesitate to ask your difficulties to your teachers, if you have joined to offline classes (9) Keep the habit of marking the answers which you know 100%. Don't guess the answers and mark them, as there is -ve marking scheme. (10) Be calm, quite, and smiling all the time to release the tension and always have a healthy chat with your friends.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

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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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