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Should I diversify my investments with different funds for the next 10 years?

Milind

Milind Vadjikar  |728 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 09, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Mandar Question by Mandar on Sep 04, 2024Hindi
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Hi currently Invested in HDFC Defence Fund 3000, Nippon India consumption 3000 ,Bandhan ELSS Tax saver 3000 for last 2 year...plz suggest Fund from different Category for next 10 year period with same amount SIP

Ans: You may consider investing in ICICI Value Discovery Fund for 10 year horizon.

As you get closer to your target, shift the gains from sectoral/thematic/equity funds into liquid or ultra short duration funds to protect it from volatility.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates
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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Dr Shyam

Dr Shyam Jamalabad  |82 Answers  |Ask -

Dentist - Answered on Nov 29, 2024

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Doctor, my 4.5-year-old son has baby bottle tooth decay in four of his front teeth. However, this wasn't caused by bottle-feeding but rather by him holding food in his mouth for extended periods when he was younger, around two years old. Local dentists have advised us to do nothing, as these teeth will eventually fall out and be replaced by adult teeth. However, I'm concerned that his new teeth might also be at risk. Is there anything we can do to prevent further decay of his current teeth, and is there a treatment available to help his teeth stay healthier? Any guidance would be greatly appreciated.
Ans: Hello
This type of tooth decay is rather common in children. Most parents dismiss it as inconsequential because "milk teeth fall off anyway" and do not seek professional advice. I am happy to note that you are concerned and have already consulted a couple of dentists.
As long as your son's decayed teeth are asymptomatic, I would agree with your local dentists that, for now, no procedures should be done.
The logic is simple. A visit to the dentist is stressful even for adults. I imagine it would be even more so for a child of 4 or 5!
If the teeth in question are free from pain or underlying infection, we (the dental fraternity) would rather not expose the child to procedures which could potentially instill in him a lifelong fear of dentists and dental clinics.
However I strongly urge you to take your child for periodic check ups to ensure the decay doesn't spread unchecked and/or can be treated in time if the need arises. Please note if these teeth get infected and the infection is left untreated, the permanent teeth can also get damaged.
Also, you (the parent) need to inspect the said teeth and surrounding gums regularly to spot gum boils or swellings. If you spot any of this or if the child complains of pain please consult your dentist at once.
It goes without saying that he should brush his teeth with even more care. Ideally after every meal. Children cannot be fully trusted to brush their teeth well, so it's always wise for a parent to supervise.
If your son is a fussy eater you could consider giving him Calcium supplements. This will not help his current teeth in any way, but the permanent teeth which are due to erupt a few years later will hopefully be more resistant to decay.
Hope this answers your question.

...Read more

Ramalingam

Ramalingam Kalirajan  |7184 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 29, 2024

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I am 54 years. wnats to retire as early as possible. Have a housing loan of 70 lacs.. EMI is 80K every month. My monthly expenses is 70K. I have mutual funds /PF etc of app Rs 1.50 cr.. I want to clear my loan from the funds which I am having. Thereafter I will left with 80 lacs. I have two childerns. After 8-10 years I will requre funds for marrying both. My monthly in hand is app Rs 1.90 lacs.. For How many years will I have to work/or how much funds should i have to see that I have funds to marry my childerns and to met my monthly expenses once i retire
Ans: Your financial situation reflects thoughtful planning and steady savings. Let's assess your assets, liabilities, and goals for an early retirement.

Key Details of Your Financial Status
Housing Loan: Rs. 70 lakh housing loan with an EMI of Rs. 80,000 per month.

Monthly Expenses: Rs. 70,000 per month for regular living expenses.

Current Investments: Mutual funds and PF of Rs. 1.50 crore.

Funds Post Loan Clearance: Rs. 80 lakh remaining after clearing the loan.

Monthly Income: Rs. 1.90 lakh in-hand income.

Upcoming Responsibilities: Marriage expenses for two children in 8–10 years.

Evaluating the Housing Loan Decision
Clearing the housing loan now reduces debt burden but impacts your liquidity.

Rs. 70 lakh repayment will leave you with Rs. 80 lakh in investments.

Retain emergency funds for unforeseen expenses after loan repayment.

Once EMI stops, Rs. 80,000 will be available monthly for investments or savings.

Key Goals to Address
Retirement Planning: Ensure your corpus supports expenses after retirement.

Children's Marriages: Allocate funds for both weddings within 8–10 years.

Monthly Expenses Post Retirement: Maintain Rs. 70,000 adjusted for inflation.

Steps for Managing Funds After Loan Clearance
Emergency Fund Setup: Keep Rs. 10 lakh in a liquid fund for emergencies.

Diversify Remaining Funds: Divide Rs. 70 lakh into equity, hybrid, and debt funds.

Future Marriage Goals: Invest Rs. 30 lakh specifically for children's marriage expenses.

Retirement Corpus Growth: Use the remaining Rs. 40 lakh for retirement-focused investments.

Monthly Savings Post-Loan
After loan repayment, you save Rs. 80,000 EMI monthly.

Combine this with Rs. 40,000 (from Rs. 1.90 lakh income after expenses).

Total Rs. 1.20 lakh can be invested monthly for retirement and future goals.

Suggested Investment Allocation
Equity Mutual Funds: Allocate 60% of monthly savings for long-term growth.

Hybrid Mutual Funds: Allocate 20% for a balance of growth and stability.

Debt Funds: Allocate 20% for safer, predictable returns.

Goal-Based SIPs: Create separate SIPs for retirement and marriage goals.

Retirement Corpus Estimation
Aim for a corpus that generates Rs. 70,000 monthly, adjusted for inflation.

Plan for a 30-year retirement, assuming early retirement at age 55–57.

Factor in rising medical costs, lifestyle changes, and unforeseen expenses.

Taxation Considerations
Equity mutual funds' LTCG above Rs. 1.25 lakh is taxed at 12.5%.

Debt mutual funds are taxed as per your income tax slab.

Invest strategically to minimise tax liabilities while maximising returns.

Children's Marriage Planning
Allocate Rs. 30 lakh across equity and balanced funds for this goal.

Ensure growth-oriented investments to meet inflation-adjusted costs.

Withdraw gradually closer to the marriage dates to avoid market volatility.

Suggestions for Early Retirement
Continue working for 3–5 years to build a stronger retirement corpus.

This allows you to grow investments and plan for children's weddings.

Focus on reducing liabilities, increasing savings, and investing wisely.

Protection for Your Family
Health Insurance: Increase family coverage to Rs. 20–25 lakh.

Life Insurance: Ensure adequate coverage, at least 10 times your annual income.

Will and Estate Planning: Secure your wealth distribution legally.

Final Insights
Clearing your housing loan now can simplify your finances. However, focus on balancing liquidity for future goals. Continue working for a few more years to strengthen your retirement corpus. A well-structured investment plan can help meet your children’s marriage expenses and ensure a comfortable retired life.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Dr Shyam

Dr Shyam Jamalabad  |82 Answers  |Ask -

Dentist - Answered on Nov 29, 2024

Asked by Anonymous - Jun 18, 2024Hindi
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Health
Dr Saheb, I have gum problems and need to get treated. But Iam not able to find good dentist. Iam scared when they don't show any kindness or use soothing words. How to identify good dentist.
Ans: Hello
I understand your anxiety. A visit to the dentist can be stressful, especially if you have had a bad experience.

Here are some key factors to help you identify a good dentist:

1. *Qualifications*: Check for a degree from a reputable dental school and valid licenses.

2. *Experience*: Consider a dentist with extensive experience in general dentistry or specialized fields like orthodontics or oral surgery.

3. *Communication*: A good dentist listens attentively, explains procedures clearly, and answers questions patiently.

4. *Chairside manner*: A caring and compassionate attitude can make dental visits less stressful.

5. *Up-to-date technology*: Modern equipment and digital X-rays indicate a commitment to quality care.

6. *Sterilization and hygiene*: Ensure proper sterilization techniques and a clean environment.

7. *Continuing education*: A good dentist stays updated on the latest techniques and advancements.

8. *Patient reviews*: Research online reviews and ask for referrals from satisfied patients.

9. *Professional affiliations*: Membership in organizations like the Indian Dental Association (IDA) or local dental societies indicates a commitment to ethical standards.

10. *Comfort level*: Trust your instincts and choose a dentist with whom you feel comfortable discussing your concerns and treatment options.

11. *Clear treatment plans*: A good dentist explains procedures, costs, and alternatives clearly.

12. *Emergency care*: Find out their policy for handling dental emergencies and after-hours care.

13. *Office hours and location*: Consider a dentist with convenient office hours and a location that suits your needs


By evaluating these factors, you can find a skilled and caring dentist who meets your oral health needs.

...Read more

Dr Shyam

Dr Shyam Jamalabad  |82 Answers  |Ask -

Dentist - Answered on Nov 29, 2024

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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