Need Expert Advice?Our Gurus Can Help

Ramalingam Kalirajan |10881 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 20, 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 - May 20, 2024Hindi

Hi sir, I am Aman Sharma 24 years old non-iT employee.. I have been investing sip of 3k per month as of now since a year but .. I want to increase 10% in every year, kindly Suggest me good mutual fund to build good corpus after 15 years

Ans: Nurturing Your Investment Journey: A Certified Financial Planner's Perspective
Aman, your commitment to building wealth through systematic investment planning is admirable and sets a solid foundation for your financial future. Let's explore how we can further enhance your investment strategy to achieve your long-term goals effectively.

Acknowledging Your Dedication:
First and foremost, I want to acknowledge your proactive approach towards financial planning at a young age. Your commitment to increasing your SIP contribution by 10% annually reflects a commendable level of dedication and foresight.

Understanding Your Objectives:
To guide you towards selecting the right mutual funds for building a substantial corpus over the next 15 years, it's essential to understand your investment objectives, risk tolerance, and time horizon.

Crafting a Tailored Investment Strategy:
Based on your preferences and goals, here's a structured approach to selecting suitable mutual funds:

Diversified Equity Funds: Consider allocating a significant portion of your SIP investments to diversified equity funds. These funds offer exposure to a broad range of sectors and companies, providing the potential for substantial capital appreciation over the long term.

Mid and Small Cap Funds: Given your relatively young age and longer investment horizon, you may consider allocating a portion of your portfolio to mid and small-cap funds. These funds have the potential to deliver higher returns but come with higher volatility. However, over a 15-year period, they can significantly boost your overall portfolio returns.

Balanced Advantage Funds: To mitigate risk and enhance stability in your portfolio, you may also explore balanced advantage funds. These funds dynamically manage their equity and debt allocations based on market conditions, offering downside protection during market downturns while participating in equity market upswings.

Embracing Growth Opportunities:
As you continue your journey towards financial independence, remember to monitor your investments regularly and make adjustments as needed. Stay informed about market trends and economic developments to make informed decisions and seize growth opportunities.

Conclusion: Empowering Your Financial Future
In conclusion, by gradually increasing your SIP contributions and investing in a well-diversified portfolio of mutual funds, you're taking proactive steps towards achieving your financial goals. Stay disciplined, stay focused, and let your investments work diligently towards creating the wealth and abundance you envision.

Warm Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Asked on - May 20, 2024 | Answered on May 20, 2024

Thank you so much sir

Ans: Welcome :)

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.