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Ramalingam

Ramalingam Kalirajan  |7100 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 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 16, 2024Hindi
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Hi rediff guru, I have a son who is 9 years old and for him I have been investing in 10k every month in HDFC children gift fund. I have a daughter who is 2 years old and I would like to start investing for her too. Should I invest in the same HDFC children gift fund (10K per month) or should I invest in the Sukhanya Samriddhi Yojana (1.5 lks per annum) Looking for something which will give better returns in the next 15 years also tax free. Please help

Ans: Investing for your children's future is commendable, and it's essential to choose the right investment option based on your financial goals and preferences. Here's a comparison between HDFC Children's Gift Fund and Sukanya Samriddhi Yojana (SSY) to help you make an informed decision:

HDFC Children's Gift Fund:

Offers the flexibility of investing in equity and debt instruments, providing the potential for higher returns over the long term.
Returns are subject to market risks but may outperform traditional fixed-income investments like SSY, especially over a 15-year horizon.
Taxation: Long-term capital gains (if any) are taxed at 10% without indexation benefit, applicable if gains exceed Rs 1 lakh in a financial year.
Not specifically designed for tax benefits, but potential returns could outweigh tax implications.
Sukanya Samriddhi Yojana (SSY):

Specifically designed for the girl child's education and marriage expenses, offering guaranteed returns and tax benefits under Section 80C of the Income Tax Act.
Currently offers a higher interest rate compared to most fixed-income instruments, providing assured returns.
Taxation: Contributions qualify for tax deductions under Section 80C, and interest income and maturity proceeds are tax-free.
The scheme has a lock-in period until the girl child turns 21, which may restrict liquidity compared to mutual funds.
Considering your investment horizon of 15 years and the desire for tax-free returns, SSY could be a suitable option for your daughter. However, if you prefer potential higher returns and are comfortable with market risks, HDFC Children's Gift Fund may be worth considering for your son's investments.

Consult with a Certified Financial Planner to assess your risk tolerance, financial goals, and tax implications before making a decision. They can provide personalized advice based on your unique circumstances and help you create a comprehensive investment plan for your children's future.
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  |7100 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 05, 2024

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Hi Ramalingam Sir, I am 41 yrs old working in IT, looking for best investment for my children's education, 9 old girl, studying in 4th std- need to invest for 8 yrs 6 old boy, studying in 1st std- need to invest for 11 yrs My plan is to get 75 lakhs each when they reach 12th std, I am okay to invest 40 to 50k per month, pls advise
Ans: Given your investment horizon and target corpus for your children's education, it's important to adopt a disciplined and strategic investment approach. Here's a suggested plan:

Determine Risk Tolerance: Assess your risk tolerance and investment objectives to choose suitable investment options.

Asset Allocation: Allocate your investment across a mix of equity and debt instruments to balance risk and return potential.

Equity Investments: Consider investing a significant portion of your monthly contribution in equity-oriented mutual funds, such as diversified equity funds, large-cap funds, and balanced funds. These funds have the potential to deliver higher returns over the long term but come with higher volatility. Since you have a relatively long investment horizon, you can afford to ride out market fluctuations.

Debt Investments: Allocate a portion of your investment towards debt instruments like fixed deposits, debt mutual funds, or Sukanya Samriddhi Yojana for stability and capital preservation. Debt investments provide a steady income stream and help mitigate overall portfolio risk.

Systematic Investment Plan (SIP): Invest systematically through SIPs to benefit from rupee cost averaging and mitigate market volatility. Set up SIPs in the selected mutual funds based on your risk profile and investment goals.

Regular Monitoring and Review: Monitor your investments periodically and review your portfolio's performance. Make necessary adjustments to your investment strategy based on changing market conditions, financial goals, and risk tolerance.

Consultation with Financial Advisor: Consider consulting with a qualified financial advisor who can provide personalized guidance based on your specific financial situation, goals, and risk tolerance.

By following a disciplined investment approach and diversifying your portfolio across various asset classes, you can work towards achieving your target corpus of 75 lakhs for each child's education within the specified timeframe.

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Ramalingam

Ramalingam Kalirajan  |7100 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

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Sir, I want to invest in the following funds on long term basis for my grand daughter who is six years old. 1) Hdfc multi cap fund growth direct 2) Icici Multi asset fund growth direct 3)Sbi blue chip fund growth direct 4) Tata or Uti mid cap fund growth direct Each fund Rs.2500 month for her requirements like education marriage etc. Kindly suggest your views. 3)
Ans: Investing for your granddaughter's future is a thoughtful gesture! Here's a view on your selected funds:

HDFC Multi Cap Fund Growth Direct: This fund offers diversification across large, mid, and small-cap stocks, suitable for long-term wealth creation. Its seasoned fund management team and consistent track record make it a solid choice for your granddaughter's portfolio.
ICICI Multi Asset Fund Growth Direct: With a flexible allocation across equity, debt, and gold, this fund provides diversification and downside protection. It's suitable for investors seeking a balanced approach to risk and return, making it a good addition to your portfolio.
SBI Blue Chip Fund Growth Direct: This fund invests predominantly in large-cap stocks with a proven track record, offering stability and growth potential over the long term. It's ideal for investors seeking exposure to quality blue-chip companies.
Tata or UTI Mid Cap Fund Growth Direct: Mid-cap funds like these offer exposure to high-growth potential companies, albeit with higher volatility. They're suitable for investors with a higher risk tolerance and a long-term investment horizon.
Overall, your selected funds cover various market segments and offer diversification, which is essential for long-term wealth creation. Regularly review the portfolio's performance and adjust allocations if needed to stay aligned with your granddaughter's future goals. Consulting a Certified Financial Planner can provide personalized guidance and ensure your investment strategy is optimized for her future needs.

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Ramalingam Kalirajan  |7100 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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I Have Two Children one is Daughter 3 year old and Son 7 year old i have sukanya samruddhi yogana for daughter and ppf for son other than this which will be better scheme for son and daughter please specify my monthly investment for both is 8000
Ans: It's excellent that you're planning ahead for your children's future. With a monthly investment of 8000 rupees for each child, here are some additional investment options that could benefit both your son and daughter:

Mutual Funds: Consider investing in equity mutual funds or balanced funds for long-term growth potential. Since your children are young, you have a long investment horizon, which makes equity investments suitable. You can choose funds with a track record of consistent performance and a diversified portfolio to mitigate risk.
Child Education Plans: Look into child education plans offered by insurance companies or mutual fund houses. These plans are specifically designed to help you save for your children's education expenses and may offer features such as guaranteed returns, insurance coverage, and flexibility in premiums.
Public Provident Fund (PPF): While you already have a PPF account for your son, you can also open one for your daughter. PPF offers tax benefits, stable returns, and a long-term investment horizon, making it suitable for children's education or other long-term financial goals.
Index Funds: Consider investing in index funds, which passively track a market index such as the Nifty 50 or Sensex. These funds offer low costs and broad market exposure, making them an attractive option for long-term wealth accumulation.
Savings Accounts: Open a savings account or recurring deposit account in your children's names to teach them the importance of saving from an early age. Many banks offer special savings accounts for minors with attractive interest rates and benefits.
Gold ETFs or Sovereign Gold Bonds: Consider allocating a portion of your investment towards gold as a hedge against inflation and currency depreciation. Gold ETFs or Sovereign Gold Bonds offer exposure to gold without the hassles of physical storage.
Before making any investment decisions, it's essential to assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a certified financial planner who can provide personalized advice based on your specific circumstances and help you create a comprehensive investment plan for your children's future.

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Anu Krishna  |1321 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2024

Asked by Anonymous - Jul 28, 2024Hindi
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Hi sir, I am 40 yr old having work-expereince of 10 yrs behind me in ITes, customer support & service, banking and sales & marketing (product). My life till now can easily be converted into a bollywood biopic having its own twist & turns, roadblocks, struggles laughter, joy and sorrow. Change is the only constant in life and that exactly applies in my case. Although it has been a satisfactorily life till now given that I know myself and how I lead my life. Whenever I start to read something new I feel like going deep into it. I am also easily attracted to novel things & concepts. I usually get into procastination mode whenever I come across something entirely new and start to imagine myself trying it out in realilty.Why does this happens? Why can't I focus on one single thing at a time and see it to completion? I know in todays world generalists are looked down upon and it is an era of specialists, experts and professionals having good domain knowledge of their area of work. It is always better to be an expert than be a jack of all trades (which seems very filmy nowadays where a hero is expected to do everything on his own). Lately I have developed an avid interest in technology and i keep on reading various articles & books on IT and technology. I am also pursuing an online cyber security course from Great Learning Institute, Bangalore. I want to know am I going in the correct direction in life or is it something else I should do which ensures more satisfaction in life? Lately, I have become bit irriiated as well due to the above reasons as I tend to do multiple things at a time (multitasking). My parents are also fed up of me now. My mother keeps nagging me all day.I dont know how to really deal with her, as she always finds perfection in everything. That becomes too much at times. Does this happens in every household? Should I go out and travel to some place in order to temporarily escape from all this? Kindly suggest me some course of action. Pls answer. Thanks
Ans: Dear Anonymous,
You will be distracted and keep trying new things until you actually figure out what you want for yourself in life.
- How does you life seem like a few years down the line?
- What must you do NOW to actually get to where you want in life?

And to answer these questions, you first need to identify a strong, solid goal in life. Either you work with a mentor or your boss or a friend or an expert who can help you identify your goal and purpose. That might help you stay the course and actually streamline your thoughts, your job and your daily life.
Travel used for learning is great but using it to escape only worsens things...So, work on Goal-Setting!

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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Anu Krishna  |1321 Answers  |Ask -

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Asked by Anonymous - Nov 16, 2024Hindi
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Hi , I am a professor mech engineer , after death of my wife and due to having 5 year girl baby I planned for 2 nd marriage as I live alone away from home town because my of job with my little baby . I accepted a widow having 2 child ,she was working in a govt job 250 km away , after ensuring and agreeing her possibility of transfer and job vacancy @govt office near my house and ensuring she agreed that she will come to live with me along with her 2 kids and my little baby as her trasfer was due in comming few months . We lived apart during her job at 250 km away.,while meeting on weekly offs 6 /7 time in 6 months , then she take 360 degree u turn and said she will not get job transfer to my place and get her trasfer in other dept. in same previous office. And started telling many reasons like she will loose her children's inheritance in her in-laws property ,she will loose promotion , kids Don't want trasfer , and said we will live apart forever . This was contradictory to earlier agreed things .and my my purpose to live in family with my baby not fulfilled , so after long ruckus ,I mutually got divorce from her , Then After divorce I decided to marry non working women having no child and don't expect child as I am @48 year old and tired of living alone and managing job ,girl , house chores . I married to a divorcee girl from Pune ,she was BA first year college drop out girl of 44 yr age after 6 months of long dating on week ends . During 6 months I tried to know her indepth but was don't used to talk much as I was trying to know her true nature, we visited many places ,movies . She seemed perfect as per my requirement of girl wanting no child , and she is house wife . after marriage she behave well for 1 st week ,then she started trouble to hate my baby ( became kaikai )on pety things , she want my baby to house chores at the cost of her important year of 10th std study . She don't liked me taking tution of girl , she didn't like if I help my girl any way . She don't like if I spent some money on my girl . She used to fight all night and don't let me sleep . Now she stated demanding that she want baby , though I was against and b4 marriage agreed to not have any more child due to old age ,cost ,and no personal time for self , then I agreed to have child but b4 that I got her and my fertility tested ,she had weak eggs and syst on her reproductive organs and doc warned to not go for pregnancy due to risk and probability of unhealthy baby birth , but she kept repeating That she want child we consulted 4 Drs. She used to fight and go to her mother's home for 2/4 months after living with me for 2/3 days only . Now she wants divorce , and asks me to keep my girl in hostel if I want her in my life . This Ramayan has left me baffled , What should I do ??? .....
Ans: Dear Anonymous,
The reason to marry for you mainly has been companionship, a mother for your daughter...
And marriage is not a transaction BUT a meeting of minds...when there is no compatibility, there is no space for agreeing on the same things or wanting to make things work which is possibly what has happened with your 2nd and 3rd marriage.
If you want this marriage to work, there has to be an equal commitment by both of you, so, start by emotionally bonding first. Slowly build on this by making goals for the marriage and the future...your only goal can't be mother for your child...not all women are going to readily accept this and some may even falter along the way. Allow the lady and your daughter to bond together for sometime so they develop a unique relationship...
Understand that transactional relationships do not last; so, invest enough time in building trust in that companionship for it to become something meaningful

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

...Read more

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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