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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Feb 06, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Question by Dipak on Nov 08, 2023Hindi

Money

Hello Sir, I am 24 Years old, My goal - 1 CR in next 10-15 year. As a beginner, I have been making SIP's since last 5 months in ( Parag P Flexi 2k Pm, Axis Small cap 2.5kPm, Motilal oswal midcap 1.5Kpm, ICICI Pru Value Discovery 1 K ) total @7000 per month. (step up 30% every year) . Going forward, >> Now for lumpsum I have identified 1. Nippon India power and Infra , ( as i want to invest in Power sectoral funds) 2. Canara Robeco Bluechip Equity fund OR Mirae Asset Large Cap Fund ( Direct Growth @ 10000 initially) , I plan to add 5k Quarterly until i reach a reasonable lumpsum amount. Please share your valuable suggestions on my plan. and addition or deletion to any funds. Thanks, Dipak

Ans: It's great that you're investing your monthly surplus in SIPs to build your wealth.

You have a well-diversified portfolio and the funds in your portfolio are performing well in the current market scenario. In the finance planning of any portfolio, we consider many factors, including client age, risk profile, current asset allocation, etc.

All mentioned funds are performing well and have good potential in the long term.

However, for Nippon Power and Infra Fund - Sectoral funds focus on a specific sector or industry and it is difficult to predict which sector will perform and how long. Hence, we recommend going for diversified funds to avoid the concentration risk.

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 Deba - Apr 22, 2022Hindi

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I am 52 year professional, working in private sector. Other than my EPF & PF savings I am having following mutual fund investments (both in SIP & lump su). My goal is to have a corpus of Rs 1.5 - 2 cr in next 4-5 years. I am ready to invest Rs 40K in SIP on monthly basis and may be Rs 5-10 lump sum in another 6 months’ time. Request you to review my portfolio and advise on what SIPs I can start (also any correction required for existing funds?) as well as whether to invest in good equity stocks (I am having a demat account with few direct equities of Rs 2 L only) or in lump sum mutual fund for annual Rs 5-10 L surplus. Company No of shares Price Recommendation PORTFOLIO DETAILS A MONTHLY SIP MUTUAL FUND Sl No Fund Details Current value in Rs L SIP AMOUNT in RS 1 HDFC Flexi Cap Fund - Regular Plan Growth 4.32 3000 2 Axis Mid cap fund 0.6 5000 3 Mirage assets large cap fund 0.58 5000 4 Axis Special situation fund - Regular Plan - Growth 0.09 2000 5 Aditya Birla Sun Life Frontline Equity Fund Growth 3.8 3000 6 Kotak Emerging Equity Fund - Regular Plan Growth 0.09 3000 7 Kotak Equity Opportunity Fund - Regular Plan Growth 0.09 3000 B LUMP SUM MUTUAL FUND Sl No Fund Details Current value in Rs L Initial Value in Rs L 1 Axis Retirement Savings Fund - Conservative Plan - Regular Growth 6.2 5 2 Axis ESG Equity Fund Regular Plan Growth 4.85 3 3 Axis Blue-chip Fund Growth 5.2 3 4 Tata Focused Equity Fund - Regular Plan 6.16 4 5 LIC Debt Fund - Secured NA 2 6 LIC balanced Fund NA 2

Ans: Please continue, we can review after 1 year

Ramalingam Kalirajan |1293 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 18, 2024

Asked by Anonymous - Nov 16, 2023Hindi

Money

Hi sir, I am 24, Goal 1 cr in next 10 year MONTHLY total SIP @ 7000 ,( PPFS 2 , MOTILAL Oswal midcap1.5k , axis small cap2.5k, ICICI valu discovery1k) step up 30% per year Lump sum - 10000 NipponPower fund 10000 - HDFC REQUIREMENT FUND EQUITY. ( Step up 15-30% each half year as per performance PLS SUGGEST. Any deletion or addition.

Ans: Your investment strategy looks well-diversified with a mix of large-cap, mid-cap, and small-cap funds. To achieve your goal of 1 crore in 10 years, consider the following suggestions:

SIP Step-up: Increase SIP amounts annually by 10-15% instead of 30% to maintain consistency and reduce the risk of overcommitting.
Fund Selection:
Large Cap: Consider adding a large-cap fund for stability.
Diversified: Add a multicap or flexi-cap fund for broader market exposure.
Lump Sum Investments: Continue with lump sum investments based on performance, but avoid high-risk strategies. Ensure proper research before investing.
Review and Rebalance: Regularly review your portfolio and rebalance if required to align with your financial goals and risk tolerance.
Consider consulting with a Certified Financial Planner for personalized advice tailored to your financial goals and risk profile.

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Question by Ghosal - Dec 20, 2023Hindi

Money

Sir, I am 43 male, plan to make 3.5 cr in 15 years through SIPs and lumpsum, current SIPs are as under: Mirae asset large & midcap 1k, canara robeco equity hybrid 1k, sbi multicap 1k, sbi focused equity 1k, sbi magnum global 2k, sbi magnum child benefit 1.5k, icici value discovery fund 3k. Would you guide me on this please ...?

Ans: I would request you to contact any professional financial planner for getting your portfolio evaluated as it i will not be able to evaluate with this limited information.

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

Asked by Anonymous - Mar 21, 2024Hindi

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I and my husband earn 2.7lakh monthly. How to plan investment and savings for future.

Ans: Allocate a portion of your monthly income towards emergency savings, debt repayment, and retirement accounts. Consider investing in mutual funds or fixed deposits for long-term growth. Consult a financial advisor for personalized guidance based on your goals and risk tolerance.

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Question by Sumita - Apr 25, 2024Hindi

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My son got admission in Ashoka University for B.Tech in Computer Science. Should be join University. What is the rating of this University in eyes of job consultants all over India.

Ans: Hello Sumita,
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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Jan 24, 2024Hindi

Money

I'm retiring in july2024, I'll be getting about 2 cr PF amount and about 1Cr is there in NPS account. Do I have to deffer NPS to save tax and invest PF amount in fixed income schemes and equity for growth.

Ans: As you approach retirement, it's natural to reassess your financial strategy. Consider the tax benefits of deferring your NPS withdrawal while investing your PF amount wisely. A Certified Financial Planner can guide you in allocating your funds between fixed income and equity, balancing stability with growth potential. Reflect on your long-term goals and seek professional advice to ensure a secure and fulfilling retirement journey.

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

Question by Sumit - Apr 18, 2024Hindi

Money

I have started investment in Mutual Funds two months ago. My portfolio are as follows- 1. Quant Large cap- 4k 2. Parag Parikh Flexi cap- 4k 3. Motilal Oswal Mid cap- 4k 4. Quant Small cap- 4k 5. Quant Infrastructure fund- 2k 6. Aditya Birla PSU fund- 2k Total SIP is 20k per month. Please review my portfolio and give your valuable suggestions regarding adding/removing any MF or changing in allocation of investment, if any.

Ans: However, it's important to consider the risk associated with each category and ensure it aligns with your investment goals and risk tolerance. Mid-cap and small-cap funds, for example, tend to be more volatile but offer higher growth potential, while large-cap funds provide stability.

Given your current portfolio, you might want to review the performance of each fund and assess if any adjustments are needed. Consider factors like fund manager expertise, track record, expense ratios, and portfolio holdings.

Additionally, it's always a good idea to periodically rebalance your portfolio to maintain your desired asset allocation and risk profile.

Lastly, consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your financial goals and circumstances.

With careful monitoring and strategic adjustments, you can optimize your mutual fund portfolio for long-term growth and stability.

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

Question by KJ - Apr 18, 2024Hindi

Money

Hi sir, I am getting retired in May-2024. I am expecting retirement corpus of 50lakhs. I need monthly expenditure of 50000 for next 12years. I don't have any savings now except above. I don't have any liabilities as children are well settled. Kindly advise.

Ans: Planning for retirement can feel overwhelming, but with careful consideration, you can ensure a comfortable and secure future.

Given your retirement corpus of 50 lakhs and monthly expenditure requirement of 50,000, it's crucial to strategize how to make your savings last.

Have you thought about investing a portion of your retirement corpus in a combination of fixed income instruments like Senior Citizen Savings Scheme or Post Office Monthly Income Scheme to generate a steady monthly income?

Additionally, consider allocating a portion of your corpus to conservative mutual funds or diversified equity funds to help your savings grow over the long term while managing risk.

It's also wise to have an emergency fund set aside for unexpected expenses to avoid dipping into your retirement savings prematurely.

Lastly, consulting with a Certified Financial Planner can provide personalized guidance and ensure your retirement plan aligns with your goals and risk tolerance.

With careful planning and prudent investment decisions, you can enjoy a financially secure retirement.

Ramalingam Kalirajan |1293 Answers |Ask -Follow

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

Question by Savendra - Apr 19, 2024Hindi

Money

Sir, I have recurring deposit scheme from last 5 yrs but I am getting less interest, my Recurring deposit is 50 K for 7 yrs. But ultimately I am not getting handsome return after investing huge amount in 7 yrs. please suggest me alternative option so can witch over and can get better interest and return. Pl suggest in better way

Ans: It sounds like you're seeking better returns on your investments, and that's a smart move. While recurring deposits offer stability, they might not always provide the returns you're hoping for, especially considering inflation.

Have you considered exploring other investment avenues like mutual funds or fixed deposits with higher interest rates? Mutual funds offer the potential for higher returns over the long term, although they do come with some level of risk.

Alternatively, fixed deposits from banks or non-banking financial institutions might offer more competitive interest rates than your current recurring deposit scheme.

Remember, it's crucial to assess your risk tolerance and investment goals before making any decisions. Consulting with a financial advisor can help you explore options tailored to your needs and preferences. Here's to finding an investment path that brings you closer to your financial goals!

Ramalingam Kalirajan |1293 Answers |Ask -Follow

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

Question by Devalla - Apr 17, 2024Hindi

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Sir I paid 5 premiums of Sbi Life smart wealth builder 1 lakh per annum with 50 percent equity and 50 in balanced what should I do. I am 54 years old.

Ans: It's understandable to reassess your financial commitments, especially as you near retirement age. Your decision to review your SBI Life policy is a wise one.

Considering scheme performance and charges, surrendering the policy and reinvesting in mutual funds could align better with your goals. Mutual funds offer flexibility, diverse investment options, and potentially higher returns.

Reflecting on this transition, it's essential to appreciate the lessons learned from your previous investment choices. Life is a journey of growth and learning, and adjusting our financial plans is a natural part of that process.

Consulting with a Certified Financial Planner can provide valuable guidance tailored to your specific needs and aspirations. Remember, it's never too late to realign your financial strategy to better suit your circumstances and goals.

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

Asked by Anonymous - Apr 18, 2024Hindi

Money

Hello Sir, I'm 35 year. And getting 28lpa. Currently I'm invest in 6 SIPs (31k) monthly, 5k in NPS, 26k is personal loan, 17k car emi and purchasing 15k stock in every month. Stock buying I started from jan2024. I have around 25lakh in my sip fund and 10lakh other fund. Now I'm planning to buy a home that cost around 90 lakh. So my question is, can take the 80% home loan and keep my SIP. Or withdraw my all sip fund and reduce home loan amount. Btw my personal loan will complete end of this year. Please suggest withdraw the sip fund is good option or taking the home loan is good option.

Ans: It sounds like you're making some big financial decisions, and it's great that you're considering your options carefully. Taking out a home loan while keeping your SIPs intact could be a strategic move. It allows you to maintain your investment momentum while also spreading out the cost of your home purchase over time.

However, withdrawing your SIP funds to reduce the home loan amount could also be a viable option. It would lower your debt burden and potentially save you on interest payments in the long run.

Before making a decision, consider factors like the interest rates on the home loan versus the potential returns on your SIP investments. Also, think about your long-term financial goals and how each option aligns with them.

Consulting with a financial advisor could provide valuable insight into the best course of action based on your specific circumstances and goals. With careful planning, you'll be on track to achieving your dream of homeownership while securing your financial future.

Ramalingam Kalirajan |1293 Answers |Ask -Follow

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

Question by Anand - Mar 18, 2024Hindi

Money

Hello Madam, I have the following Mutual Funds Investments, request you to let me know if these can be continued with or need to discontinue any of them, also please let me know new good performing funds to invest in. One time investment: (1) ICICI/ India Opportunities Fund - Growth - Rs.2,50,000, (2) ICICI/ Value Discovery Fund - Growth - Rs.2,50,000, (3) ICICI / Transporation & Logistics Fund - Growth - Rs.2,00,000. SIP Monthly: (4) Axis Flexi Cap Fund - Regular Plan - Rs.5,000, (5) Canara Robeco Emerging Equities - Regular Plan - Rs.5,000, (6) Aditya Birla SL Focused Equity Fund(G) - Rs.15,000, (7) HDFC Mid-Cap Opportunities Fund(G) - Rs.5,000, (8) ICICI Pru Bluechip Fund(G) - Rs.5,000, (9) Axis Small Cap Fund - Regular Plan - Rs.5,000, (10) ICICI Prudential Technology Fund - Growth - Rs.5,000, (11) L&T Midcap Fund - HSBC Midcap Fund - Rs.5,000, (12) ICIPRU Multi-Asset Fund - Growth - Rs.5,000, (13) ICIPRU Value Discovery Fund - Growth - Rs.5,000. Thank You.

Ans: It's great to see your diversified portfolio. While your current investments seem well-distributed across various sectors and fund types, it's always a good idea to periodically review and reassess your holdings.

For one-time investments, consider evaluating the performance and future prospects of each fund. Are they aligned with your investment goals and risk tolerance? You might want to assess if any fund's objectives no longer match your investment strategy.

Regarding SIPs, you have a mix of large-cap, mid-cap, small-cap, and sectoral funds, which is commendable for diversification. However, keep an eye on the performance of each SIP and consider rebalancing if necessary.

As for new investments, consider funds that complement your existing portfolio while providing exposure to sectors with growth potential. Research and consult with a financial advisor to identify funds with strong track records and promising outlooks.

Remember, regular review and adjustment are key to maintaining a healthy and optimized investment portfolio.

Ramalingam Kalirajan |1293 Answers |Ask -Follow

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

Asked by Anonymous - May 02, 2024Hindi

Money

Hi I am working as a chief manager in a psb I will retire in another 8 plus yrs would like to know if I can have opportunities for early retirement. Like In another three plus yrs. Can you suggest if I need to take up any course so that I can get better opportunites out of the bank

Ans: It's excellent that you're thinking ahead about your career and exploring possibilities for early retirement. Taking up courses or certifications can indeed enhance your skill set and open up new opportunities beyond the banking sector.

Consider courses related to finance, leadership, or even entrepreneurship, depending on your interests and long-term goals. Have you thought about networking within your industry or attending seminars and workshops to stay updated with the latest trends and opportunities?

Remember, early retirement is not just about leaving your current job but also about preparing yourself for the next chapter of your life. With careful planning and continuous learning, you can pave the way for a fulfilling and rewarding transition.

See more questions »

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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