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Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Oct 06, 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

Question by Garg on Oct 06, 2022Hindi

Money

HALLO I AM PURSHOTTAM LAL AND MADHUBALAINVESTOR LAST 20 YEARS IN MF SCHEME.
MY COMBINED INVEST FOLLOWING MFS:

1.ADITYA BIRLA SUN LIFE FOCUSED EQUITY FUND ( SIP AMOUNT 2000)/PM/21-01-2013 TO 21-01- 2025)
LUM SUMP -25000/( WHEN MARKET WAS FALLEN )
2.AXIS BLUE CHIP FUND ( SIP AMOUNT 5000) 17/3/2020 TO 17/3/2025.
LUM SUMP = 25000 @ 34.50 ( 18/9/2020)
3.AXIS MULTI CAP FUND DIRECT PLAN
LUM SUMP- 20000@9.39 ( DATE OF INVESTMENT 4-12-2021/26-05-2022)
4.CANRA ROBECO EQUITY TAX SAVER FUND REGULAR PLAN
SIP AMOUNT 2000/ FROM 7-07-2011 TO 7-06-2030
5. DSP FLEXI CAP FUND (SIP AMOUNT 2500/PM) FROM 25-08-2020 TO 25-08-2030)
6.DSP TAX SAVER FUND DIRECT PLAN ( 10 YEAR COMPLETE) SIP AMOUNT 2500/COMPLETE ON 10-7-2022)
PLESE TELL ME DSP TAX SAVER FUND SELL IT OR HOLD/NEXT 5 YEARS
7. ITI VALUE FUND LUM SUMP -20000
8. ICICI PURDENTIAL HEALTHCARE EETF FUND ( LUMSUMP 10000( 1.5 YEARS AGO)
9. MAHINDRA MANULIFE BALANCEDADVVANTAGE YOGNA LUM SUMP 10000/23-12-2021
10.UTI FOCUSED EQUAITY FUND-------LUMMP- SUMP-20000 ( 25-8-2021)

PLEASE TELL ME 7 TO 10 Sr No FUNDS SELL IT OR HOLD IT OR SWITCH IT?

Ans: Hello Garg pankaj kumar. My recommendation would be to switch to better schemes of the same AMC for ICICI & UTI.

ITI & MAHINDRA MANULIFE should be redeemed and reinvested in better schemes of different AMCs.

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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Question by Manoj - Mar 29, 2023Hindi

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Hello Sir , My Self Manoj ,I am 40 years old a salaried person , and investing in MFs Since 5.5 years I have below current ongoing investments Aditya Birla FlexiCap Fund -- 7000 p.m.(SIP) HDFC Midcap Opportunities fund ---4000 p.m.(SIP) HDFC Hybrid Equity Fund ----2000 p.m.(SIP) DSP mid cap fund ---2000 p.m.(SIP) DSP Select Focus Fund ---2000 p.m.(SIP) DSP Small Cap Fund 3000 p.m.(SIP) Kotak Equity Opportunities Fund ---2000 p.m.(SIP) SBI Blue Chip Fund -----64000 (lumpsome) SBI Small cap fund ----2000 p.m.(SIP) Nippon India small cap fund ----2000 p.m.(SIP) Invesco Small cap fund ---1000 p.m.(SIP) Tata Small cap fund ----1000 p.m.(SIP) Mahindra Unnati Emerginf Business yojana ----2000 p.m.(SIP) Tata Balanced Advantage Fund -----50000 Mirae Asset Mid cap Fund ---2000 p.m.(SIP) ICICI Flexicap fund -----70000 (lumpsome) DSP Equity and Bond Fund---- 32000 (lumpsome) DSP Dynamic Asset Allocation Fund ----23000 (lumpsome) Sundaram Emerging small cap series1---17000 (lumpsome) Sundaram Services Fund---500 p.m.(SIP) Tata Flexicap Fund ----17400 (lumpsome) Baroda BNP Paribas Flexicap Fund ----50000 (lumpsome) Icici Blue chip Fund ---400 p.m.(SIP) Edelweiss small cap fund ----2000 p.m.(SIP) Axis Flexicap Fund ----19000 (lumpsome) Sundaram Small cap fund ----98000 (lumpsome) ICICI mnc fund---- 6000 (lumpsome) Axis mid cap fund ---500 p.m.(SIP) Canara Robeco small cap fund -----1000 p.m.(SIP) BOI small cap fund ----1000 p.m.(SIP) Aditya birla multicap fund----50000 (lumpsome) Kotak Multicap fund -----25000 (lumpsome) HDFC world indexes fund of fund---10000 (lumpsome) SBI Multicap fund ---1000 p.m.(SIP) PGIM India mid cap oppportunities fund ---1000 p.m.(SIP) Axis small cap fund ----500 p.m.(SIP) Edelweiss focused equity fund ---21000 (lumpsome) UTI flexicap fund ---3000 p.m.(SIP) Quant Large cap fund ---25000 (lumpsome) IDFC mid cap fund ---25000 (lumpsome) White Oak mid cap fund ---20000 (lumpsome) Sundaram Flexicap fund ---700 (lumpsome) Canara Robeco mid cap fund ---2000 p.m.(SIP) Mahindra small cap fund---2000 p.m.(SIP) Total amount of SIP is roughly around 45k per month, Since December 2016 till the date now my investment corpus in Mutual Fund has been now 30.5 lakhs , also i have 30k invested in direct stocks in Indian equity Market. I have 3 LIC policies and 1 term insurance policy of 1 crore cover,I have Bank FDs in nationalised bank for about 27 lakhs , and 3 lakhs in PPF My Goals are 1) 2 crores for my children's marriage and education 2) 2 crores for buying home 3) 4 crores for retirement life (after 10 years) In total i want to generate 8 crores in next 10 years. Kindly suggest if i would be able to achieve the goals in next 10 years,and changes if required any Regards Manoj

Ans: Hello Manoj,

It's great to see that you've been disciplined with your investments and have built a sizable corpus already. To assess if your current investments will help you achieve your goals of 8 crores in the next 10 years, let's take a closer look at your financial situation and goals.

Current Investments:
Mutual Funds: ~30.5 lakhs
Direct stocks: 30k
LIC policies and term insurance: Not considered for investment purposes
Bank FDs: 27 lakhs
PPF: 3 lakhs
Total: ~60.5 lakhs
Monthly SIP investments: ~45k
Now let's analyze your goals:

Children's marriage and education: 2 crores
Buying a home: 2 crores
Retirement life (in 10 years): 4 crores
Total: 8 crores
Assuming an average annual return of 12% on your equity investments, here's a rough projection of your portfolio's growth:

Current investments (60.5 lakhs) in 10 years: ~1.87 crores
Monthly SIPs (45k) in 10 years: ~1.05 crores
Total: ~2.92 crores
Based on this calculation, you would not reach your goal of 8 crores in the next 10 years. However, you can consider making some changes to improve your chances:

Reassess your goals: Consider if your goals are realistic and if there's any flexibility in the amounts or timelines.
Increase your SIP investments: As your salary increases, try to increase your SIP investments to accelerate your portfolio's growth.
Rebalance your portfolio: Regularly review your portfolio to ensure it's aligned with your risk appetite and financial goals. This may involve reducing the number of funds or shifting the allocation between equity and debt.
Monitor fund performance: Keep an eye on the performance of your funds and consider replacing underperforming ones.
Remember that financial planning is an ongoing process, and it's essential to periodically review and adjust your strategy. It's also a good idea to consult with a professional financial advisor to get personalized advice for your specific situation. While it might be challenging to achieve 8 crores within 10 years, these suggestions may help you get closer to your goals.

Best regards,

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Question by Sushanta - Jun 05, 2023Hindi

Money

I am a retired Bank of Baroda executive of 65 yrs old drawing pension, started mf investments late since Nov,2021 and presently having investement in following mf. Pl give yr suggestion . Bal adv fund of Rs 5.00 lakhs on Aditya Birla SL with swp amount of Rs 3000/ Bal adv fund of Tata MF for Rs 5.00 lacs with swp amount of Rs 3000/ Monthly SIP of Rs 2000/ on Axis bluechip fund( lumpsum investment of Rs 50000) Monthly SIP of Rs 2000/ of Baroda BNP Paribas large & mid cap fund ( lumpsum investment of Rs 50000) Monthly SIP of Rs 4000/ of Canara rebeco flexi cap fund. Lumpsum investment of Rs 1.60 lacs of Nippon India flexi cap fund. Lumpsum investment of Rs 0.60 lacs of Kotak manufacturing fund. Monthly sip of Rs 2000/ of nippon india small cap fund from January,2023. Monthly sip of Rs 2000/ of SBI magnum midcap fund ( lumsum invested Rs 40000)

Ans: Hello Sushanta and thanks for writing to me. Please elaborate on your objectives and risk appetities to understand your needs and requirements better.

As a general rule, balanced advantage funds can be good schemes to begin SWP's.

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Question by Vaman - Jun 22, 2023Hindi

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I have following MF investments all regular growth all purchases on initial offer of ten rupees. 1) Aditya Birla Sun Life focused equity fund -1200 units 2)Dsp world gold fund -500units 3)Hdfc banking financial services fund 1200. Units 4) Hdfc defence fund 1000units 5)Hdfc flexi cap fund 50 units 6)Hdfc mid cap opportunity fund 260 units. 7) Hdfc flexi cap fund 30 units 8)Hsbc value fund 450 units 9)Hsbc elss fund 500 units 10) Kotak global innovation fund 1200units 11)Kotak international REIT fund 500 units 12) Kotak flexi cap fund 260 units 13)Nippon India low duration fund 10 14)Sbi blue chip fund 1000 units 15) Sundaram focused fund 1300 units 16)Tata mid cap growth fund 350 units 17)Uti nifty 500 value 50 index fund 18100 units (Units transfered form Uti focused equity fund) 18)Uti mid cap fund 700 Units 19)Uti flexi cap fund 1000 Units 20)Uti Master Share Units 21)Uti nifty 50 equal weight index fund (Latest offer) Sbi infrastructure fund 500 units Following funds are all regular growth from Icici prudential fund. 1) Pharma health care & diagnostic fund 800 Units 2) Manufacturing fund 4300 units 3)India opportunities fund 2200 units 4) Flexi cap fund 5000 Units 5) Housing opportunities fund 2500 units 6) Balanced advantage fund 550 units 7)Psu equity fund 2800 units Sir I want to invest in Uti S&Phousing fund and Icici transaction & logistics fund 1000 units each.. Should I make some fresh investments or invest by transferring from existing Uti fund & Icici fund I am 75 years old. No urgent need of funds. Advise how-to proceed. Redy for taking risk.

Ans: Firstly, let me commend you for your disciplined approach towards investments. Your diversified portfolio reflects a well-thought-out strategy, which is commendable at any age, let alone at 75. It's heartening to see your willingness to adapt and continue investing even at this stage of life.

Given your age and risk appetite, while you're ready to take risks, it's crucial to balance it with the need for stability and liquidity. When considering adding new funds like Uti S&P Housing Fund and ICICI Transaction & Logistics Fund, you have two options: fresh investments or transferring from existing funds.

Transferring from existing holdings might streamline your portfolio, reducing the number of funds to manage. However, this could also entail exit loads or tax implications. On the other hand, fresh investments allow you to diversify further without disturbing your existing investments.

Considering no urgent need for funds, you might explore transferring from funds that might have underperformed or align less with your current investment strategy. Still, I'd strongly recommend consulting with a Certified Financial Planner to ensure a balanced approach that caters to your evolving needs while optimizing returns. After all, life is a journey, and managing your finances is a part of that journey, requiring both wisdom and adaptability.

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Question by Sanjeev - Oct 04, 2024Hindi

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Hi Myself Sanjeev Kumar from Himachal Pradesh, I am in mutual funds from last 3 years on below mutual funds 1. Aditya birla multicap fund (regular growth) ---- Rs 1000 monthly 2. Invesco India flexi Cap fund (Plan growth) ------ Rs 1000 monthly 3. Invesco India Multicap fund (regular growth) ---- Rs 1000 monthly 4. Kotak multicap fund (regular) ------------------------- Rs 1000 monthly 5. Kotak emerging equity fund (growth) --------------- Rs 1000 monthly 6. Kotak ELSS tax saver fund ------------------------------- Rs 500 monthly 7. Union tax saver fund (ELSS) ---------------------------- Rs 1500 monthly 8. Bandhan Nifty 200 momentum 30 index fund (regular plan) --- Rs 1000 monthly (started a month ago) Apart from above, I am investing in below also 1. PPF ---------------- 1.5 lac annually 2. NPD ---------------- 0.5 lac annually 3. LIC ----------------- 0.5 lac annually Si/mam i want to ask is my portifoilio good enough to produce at least 60- 70 lakhs in next 10-12 years returns or some reshuffling is required. If yes kindly suggest some good funds. Hoping to hear from you soon Thanks

Ans: Hello;

Your mutual fund monthly sip of 8 K need to be increased to 10 K ( maybe you can add 2 K additional investment in Kotak ELSS tax saver fund).

PPF and other investment should continue as planned.

This will ensure your MF corpus + PPF will reach 60 L+ in value over 12 years.

LIC policy maturity sum and NPD will be bonus.

Funds are good. No need to change.

Happy Investing;

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Hi Sir, I am 22 years old and pursuing chartered accountancy at intermediate level. I have given 4 attempts for intermediate level but still not cleared. I am thinking to try something new now because it's taking more time and efforts with no results. Should I remain in finance or move to different career as other finance jobs have very little income, I want to earn high at lower age.

Ans: Gaurav, I have previously elucidated the primary reasons for my inability to pass the CA Exams despite multiple attempts. The Chartered Accountancy (CA) program may not be the right fit for everyone, so consider your strengths, interests, alternative high-earning career paths in finance, and non-finance career paths with high earning potential. Alternative high-earning careers include Investment Banking, Corporate Finance, Financial Planning & Wealth Management, and Non-Finance career paths with high earning potential. Shorter, practical certification programs can help you quickly enter high-paying fields without extensive education. If CA is no longer a fit, consider other certifications, high-paying fields in tech or management, or short-term courses in cybersecurity, cloud computing, or digital marketing. All the BEST for your Prosperous Future.

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Question by Syamaprasad - Oct 15, 2024Hindi

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I am a BAC graduate, 40 years old, working as Accountant and Office Administrator. Advice me for better work places.

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I am 37 year old Commerce Graduate. I was in an unorganized business, which cannot be pursued any farther. Will it be wise to do CPA at this age without formal experience in Accounting, for a decent job? Is there any other course to pursue?

Ans: Amit Sir, A CPA (Certified Public Accountant) at the age of 37 can be a viable option for those without formal accounting experience. The CPA is a globally recognized certification that can open doors to various roles in accounting, auditing, and finance. It provides a solid foundation and increases credibility in the finance or accounting industry. However, there are challenges, such as the learning curve and experience requirements.

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Asked by Anonymous - Nov 24, 2024Hindi

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What are the career options after 12 Arts

Ans: The Arts stream offers a diverse range of career options, both traditional and modern, catering to various interests and skill sets. Traditional career paths include Humanities and Social Sciences, Bachelor of Arts (BA), and Bachelor of Fine Arts (BFA). Modern and emerging career options include media and communication, digital marketing, event management, design and creative fields, business and management, specialized and niche fields, technical and technology-based fields, commerce and economics, and professional courses.

Foreign language careers, such as BA in French, German, or Spanish, can lead to careers in translation, international relations, diplomas, policy analysts, and NGO workers. Professional courses include hotel management, performing arts, and sports management.

To decide the right path, you should identify interests and strengths, consider career goals, encourage internships, workshops, and short-term projects, and research colleges and courses thoroughly. By considering these factors, you can choose the right path for your future. All the BEST for your Prosperous Future.

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Question by shubham - Nov 26, 2024Hindi

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My son is doing BBA( 1st year.) Which extra course help him future.

Ans: Shubham Sir, The BBA degree is a strong foundation for a career in management, business, and entrepreneurship. To enhance his skills and employability, consider taking additional courses that align with his interests and career aspirations. General skills for business and management include data analytics and business intelligence, digital marketing, financial modeling and investment analysis, project management, communication and soft skills, and industry-specific skills like finance, marketing, entrepreneurship, supply chain and operations, and human resources. Technical skills include basic coding and IT skills, accounting software, artificial intelligence and machine learning for business, and cybersecurity basics.

Certifications and competitive exams can add value to his resume, such as Google, Microsoft, and Chartered Financial Analyst (CFA). Global business awareness is crucial, and practical experience is essential. Internships in industries of interest and participating in startup incubators or entrepreneurship contests can provide practical exposure. A suggested roadmap for a successful BBA career includes focusing on foundational skills, gaining technical knowledge, starting internships or part-time projects, and preparing for competitive exams like GMAT or certifications like CFA.

All the BEST for your Son’s Prosperous Future, Sir.

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Asked by Anonymous - Nov 24, 2024Hindi

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My daughter studying bsc biotechnology 1st semester please suggest me about her future career

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After BSc, she can work in various sectors and roles, such as lab technician, research assistant, quality control analyst, healthcare and pharmaceuticals, agricultural biotechnology, environmental biotechnology, food and beverage industry, bioinformatics, government jobs, or entrepreneurship. High-paying and in-demand fields include medical biotechnology, bioinformatics, industrial biotechnology, agricultural biotechnology, environmental biotechnology, and genetic engineering.

The best study and career locations for MSc/PhD are IISc Bangalore, IITs (Kharagpur, Kanpur), JNU Delhi, University of Hyderabad, and government initiatives like DBT (Department of Biotechnology). Skills she should develop include technical skills, research and analytical skills, soft skills, and certifications.

To build a strong foundation in core biotechnology subjects, she should participate in internships or summer research projects. After BSc, she should prepare for entrance exams, network, and consider financial considerations.

All the BEST for your Daughter’s Prosperous Future.

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Asked by Anonymous - Nov 23, 2024Hindi

Career

Confused about the future after doing bsc biotechnology. In which subject I should do msc ? Ok india or abroad? Which biotechnology sector have high paying jobs ?

Ans: Biotechnology is a promising field with numerous career paths. Choosing the right specialization and study destination depends on interests, career goals, and financial considerations. Some popular specializations include Biotechnology, Microbiology, Biochemistry, Bioinformatics, Food Technology, Environmental Biotechnology, Medical Biotechnology, Genetic Engineering, and Industrial Biotechnology. Studying in India offers affordable education, access to reputed institutions, and a growing biotech industry. Abroad offers exposure to advanced research and technologies, higher-paying jobs, and better industry connections. High-paying sectors in biotechnology include pharmaceuticals and biopharma, healthcare and diagnostics, bioinformatics, industrial biotechnology, agricultural biotechnology, and environmental biotechnology. High-paying countries for biotechnology careers include the USA, Germany, Canada, Singapore, and India.

For those looking for cutting-edge research and higher-paying jobs, consider studying abroad in countries like the USA, Germany, or Canada. For those preferring affordable education and a long-term plan to settle in India, pursue MSc in a specialized field from top Indian institutes. Opt for fields like Bioinformatics, Medical Biotechnology, or Industrial Biotechnology, which offer the best combination of high salaries and demand. All the BEST for your Prosperous Future.

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Question by Anirvinna - Nov 22, 2024Hindi

Career

Sir Greetings! is it true that now UGC wont differentiate rather treats equally both regular and correspondence degree or PG. Even correspondence students are eligible and apply for both govt and private sector jobs. I heard even companies need to accept correspondence degree done in India. Sir please clarify without any ambiguity in this regard. This is Q has been bothering me for quite sometime

Ans: Anirvinna, The University Grants Commission (UGC) and other regulatory bodies in India have made significant efforts to ensure that distance education degrees are treated as equivalent to regular degrees. The UGC states that degrees obtained through distance or online education from recognized institutions are equivalent to regular degrees, applicable for both government and private sector jobs. The Distance Education Bureau (DEB) ensures the quality of distance education programs and oversees compliance. Distance education degrees are valid for all government jobs, professional courses, and private sector acceptance. However, some organizations may prioritize candidates with regular degrees for certain roles due to perceptions of classroom rigor or networking opportunities. The UGC has encouraged universities to offer quality online programs, reducing the stigma associated with correspondence education. To enhance career prospects, consider pursuing correspondence programs from well-reputed institutions with strong alumni networks and industry connections. All the BEST for your Prosperous Future.

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Career Counsellor - Answered on Dec 18, 2024

Question by BR_ - Nov 14, 2024Hindi

Career

Is working as Delivery boy or BPO CC worth in Russian country?

Ans: BR, Working as a delivery personnel or a BPO in Russia can be a temporary option for short-term financial needs or gaining experience. Factors to consider include work permit requirements, language proficiency, and cultural adjustment. Delivery jobs in Russia typically offer modest pay, with cities like Moscow and St. Petersburg offering better earnings. BPO/Call Center jobs can be slightly better, depending on the employer and language skills required. The cost of living in cities like Moscow and St. Petersburg can be high, and work conditions can be physical and flexible. Career growth opportunities are limited in delivery jobs, while BPO/Call Center jobs offer opportunities for team leader or managerial roles. Risks include safety risks, health concerns, and limited job security.

Working as a delivery person or BPO in Russia may not provide substantial long-term benefits unless you leverage the experience to improve skills or transition to higher-paying roles. Consider alternative options such as upskilling in IT or any other domain you are interested in & consider other countries with higher salary package and better working conditions. All the BEST for your Prosperous Future.

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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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