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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

Asked by Anonymous - Oct 30, 2023Hindi

Money

Hello sir, My age is fiifty and jave invested a capital of 39 lacs in mutual funds , 28 lacs in post office instruments. will be retiring at an age of 55 to 58. years. Can you suggest me the approximate capital value that i amy accumulate thro ugh my invested amount after 10 years to ahve an monthly income of 1 lacs or so. Invested amount: SBI Blue chip SBI Equity and Hybrid fund SBI Flexi cap fund SBI Contra fund Kotak emerging equity fund HDFC Fexicap fund HDFC MID Cap opportunities fund ICICI Banking and financial services fund HSBC infra structure DSP Mutual fund

Ans: As per your query, you require Rs 1 lakh per month (today’s cost) after retirement. Considering inflation to maintain same purchasing power you would be requiring around Rs 1.58 lakh per month approximately. Thus assuming you will be retiring at 58 and life expectancy till age 75, you require bulk investment of 1.38cr as on date assuming inflation 6% and expected return of 10%.

The amount invested as on date for MF and Post office scheme is around 67 lakhs approx., if the same grows at an average of 8% it will be 1.24Cr (but same can vary based on nature of investment in post office scheme) thus you are deficit in current time for the aforesaid goal, same can be fulfilled by SIP of Rs 90 K for next 8 years, otherwise you will fall short of money for later years of monthly income required.

The suggestion on investment avenues and choice of product also depends on further aspects such as risk appetite, asset allocation and cashflows etc. Prima facie your portfolio seems concentrated in similar fund houses that further not suitable for maintaining well diversification reducing overall 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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retirement. Axis Blue Chip Fund -- Rs 3,000 pm Tata Ethical Fund -- Rs 4,000 pm HDFC small cap -- Rs 1,000 pm SBI Bluechip Fund -- Rs 2,000 pm ICICI technology fund -- Rs 2,000 pm Please review my portfolio and advise If i invest for 10 years from now what will be amount i will get

Ans: Funds are good and if you in est for 10 years you should get 32 to 35 lakh

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Asked by Anonymous - Nov 24, 2023Hindi

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My goal is approx Rs 1 Cr. What will be my approx corpse after 10 years. My monthly investment are as under:- 1. Aditya Birla Sun Life Digital India Fund - 1000 2. Axis Bluechip Fund - 1000 3. Axis Mid Cap Fund - 1000 4. Axis Small Cap Fund - 1000 5. ICICI Prudential Infrastructure Fund - 1000 6. ICICI Prudential Infrastructure Fund - 1000 7. ICICI Prudential Smallcap Fund - 1000 8. Kotak Emerging Equity Fund - 2000 9. Mirae Asset Tax Saver Fund - 2000 10. Parag Parikh Flexi Cap Fund - 1000 11. Quant Small Cap Fund - 2000 12. SBI Focused Equity Fund -2000 13. SBI Retirement Benefit Fund Aggressive - 6000 14. SBI Small Cap Fund - 2000

Ans: To estimate your approximate corpus after 10 years, we need to consider several factors such as the expected rate of return, the frequency of investment, and the compounding effect. Since you have provided your monthly investments, we can use these to calculate the future value of your investments.

Given the variety of funds in your portfolio and the potential for different rates of return, let's assume an average annual return rate of 10% for the purpose of estimation.

Using this assumed rate of return, the monthly investment amounts, and a time period of 10 years, we can calculate the future value of your investments using a compound interest formula.

However, I would recommend using an SIP calculator available online to get a more accurate estimate based on your specific investments and expected rates of return. These calculators consider factors such as NAV fluctuations and can provide a more tailored projection.

Remember that this is just an estimate, and actual returns may vary based on market performance and other factors. Regularly reviewing and adjusting your investment strategy is crucial to stay on track towards your financial goals.

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Question by Rajesh - Dec 18, 2023Hindi

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Sir, Myself Rajesh, salaried person, 37 years old. having MF SIP Rs. 36500 per month, current invested amount is about Rs. 14,00,000/- + in Equity stocks- Rs.3,00,000/- have about Rs. 5,00,000/- in hand to invest either in stocks or MF . Have family of 3 people and Monthly expenses are around Rs.25k. Planning to take retirement in another 10 years, looking at the current investment can you help me identify approx. corpus required to invest and take retirement. Thank you.

Ans: Hello Rajesh! It's great to see your commitment to investing for your future, especially with retirement on the horizon. Let's dive into planning for your retirement corpus.

Given your current investments in MF SIPs and equity stocks, you're already on a solid path. However, to estimate the corpus needed for retirement, we need to consider factors such as your desired post-retirement lifestyle, inflation, and expected expenses.

With your monthly expenses at Rs. 25,000 and a family of three, projecting your future expenses accounting for inflation is essential. Additionally, factoring in potential healthcare costs and other unforeseen expenses is prudent.

As a Certified Financial Planner, I recommend conducting a comprehensive financial review to determine your retirement goals and risk tolerance. This will help in estimating the corpus required to sustain your lifestyle post-retirement comfortably.

With your additional Rs. 5,00,000 in hand, you have an opportunity to further diversify your investments. Whether you choose to invest in stocks or MFs, consider your risk appetite and the need for diversification to mitigate risks.

I suggest consulting with a financial advisor who can create a personalized retirement plan tailored to your specific circumstances and goals. By taking proactive steps now, you're setting yourself up for a financially secure retirement in 10 years. Keep up the good work, and remember, investing is a journey, so stay focused on your long-term objectives.

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Hi I am 43years old now. I have invested infolwing funds. Total approx investment is 12-15k PM How much i can accumulate in next 15years. Mitilal oswal midcap fund Icici pru nifty small cap 250index Union small cap fund Parg parikh elss tax saver fund Parag parikh flexi cap fund Axis small cap fund Axis nifty small cop 50 index Motilal oswal elss taxsaver fund Axis midcap fund Hdfc index nifty 50 plan Hdfc small cap direct fund

Ans: To estimate the potential accumulation over the next 15 years, various factors like the rate of return, consistency of investments, and market conditions need consideration. Assuming an average annual return of around 10-12% (which is a historical average for equity investments), your portfolio may grow substantially over time. However, it's crucial to review and rebalance your portfolio periodically to ensure it stays aligned with your financial goals and risk tolerance. Consulting with a financial advisor can provide personalized insights based on your specific circumstances.

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Asked by Anonymous - Apr 29, 2024Hindi

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Hello Sir, I'm 45 years old investing for retirement corpus and plan early retirement at 55. Below is my portfolio and current value-23 lacs 1.Nippon small cap 2.quant ELSS 3.Kotak flexicap 4.UTI nifty 50 index-new 5.Motill Oswal midcap150 index-new 6.HSBC midcap am doing a sip of 50k-is it enough? to reach Target of 1 crore in 10 years.

Ans: It's fantastic that you're already thinking about retirement at 45. Life has a way of whizzing by, doesn't it? Having a 10-year plan towards a ?1 crore corpus for early retirement at 55 shows real foresight.

Now, looking at your portfolio with a mix of large, mid, and small-cap funds, it's clear you've diversified across market capitalizations. That's a smart approach! But with a goal ten years down the line, have you considered how much risk you're comfortable with? Remember, the ride might get bumpy closer to retirement, and you might want to consider a chat with a Certified Financial Planner (CFP). They can help you fine-tune your asset allocation to balance growth potential with stability as you near your retirement mark. Think of it like planning a trek to the Himalayas – you want the right gear for every stage of the climb!

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As per the press release dated 20 Sept 2023 of the Indian Ministry of Health and Family Welfare, India’s National Medical Commission has received ‘recognition’ status from the World Federation for Medical Education (WFME) for 10 years. This means that all 706 of India’s existing medical colleges are now WFME-accredited, enabling graduates to practice medicine in several foreign countries, including the United States, Canada, Australia and New Zealand.

https://pib.gov.in/PressReleasePage.aspx?PRID=1959140

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Ans: I have gone through your query and understand that you are at the Cross roads of Life.

It's at these times... When the going gets tough... The tough gets gong.
That's your strength.. A tough resilient young lady!
Kindly note you are doing an excellent job hence rewarded with better pay in your organization.. Obviously there's going to be jealousy..Be calm & Handle it with maturity.

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In regard to your marriage at 27 you aren't too old to find a like minded partner don't rush and regret, start the process through matrimonial apps.

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I am sure you will get over this mid life syndrome and invite us all for your happy day!

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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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