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Ramalingam Kalirajan  |8086 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 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 - Aug 07, 2023Hindi
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Hello Sir, I am 44 years old IT professional. I have loan of Rs. 29 Lakhs. I am currently investing 40K in MF, 10K in Nifty 50 and Large cap and Mid Cap Stocks 50K (IT- Infosys, TCS, Wipro, Tata Elxie), Bank - (ICICI, IDFC, SBI), Auto - Tata Motors, Ashok Leyland, Jewellery - Titan, Metal - Tata Steel, Vedanta), Paint - Asian Paint, Oil - IOC). 1. Edelweiss Large and Mid cap - 5000 2. ICICI Prudential Thematic adv fund - 5000 3. Kotak equity opportunity fund - 5000 4. Canara Robbeco Emerging Equities - Regular - 5000 5. Mahindra Manulife Multi Cap fund Regular Growth - 5000 6. Parag and Parikh flexi Cap fund Regular Plan - 5000 7. SBI Blue Chip fund Regular Growth - 5000 8. HSBC Small Cap fund Regular Growth - 5000 9. Nippon nifty 50 NIFBEE - 10000 10. IBM stock - 18000 I have 8 lakhs as emergency fund in FD ROI - 7.1, NPS - 12 lakhs, PF 22 lakhs, Stocks 24 lakhs, MF 5 lakhs I would like to have around 10+ crore's in the next 10-12 years in investments. What can I do better?

Ans: Given your detailed financial situation and ambitious goal of accumulating 10+ crores in 10-12 years, here are some suggestions to optimize your investment strategy:

Loan Repayment: Prioritize repaying the Rs. 29 lakh loan to reduce interest burden and free up cash flow.
Asset Allocation: Diversify your portfolio across asset classes like equity, debt, and real estate to spread risk. Rebalance periodically to maintain desired allocation.
Increase Investments: Consider increasing your SIPs, especially in equity mutual funds, to accelerate wealth accumulation.
Tax Planning: Optimize tax-saving investments like ELSS, NPS, and PPF to maximize post-tax returns.
Emergency Fund: Ensure the emergency fund remains intact and adjust its size based on your monthly expenses.
Review and Monitor: Regularly review your portfolio's performance and adjust investments as needed to align with your financial goals and market conditions.
Consult a financial advisor for a personalized investment plan tailored to your goals, risk tolerance, and financial situation.
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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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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