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Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 12, 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

Question by Amit on Dec 12, 2023Hindi

Money

Hello sir, I invest around 70k in MF every month, but my MF investments are mostly in Equity funds and in multiple different funds , some of them the SIP amount is as low as 1000 Rs a month. Am I loosing money by making such low investments in multiple funds as compared to investing larger money in selected funds? Is it possible to achieve 2Cr if the investment horizon is 10years?

Ans: Investing in multiple funds with low SIP amounts can result in higher portfolio management fees and may not provide optimal returns. Consider consolidating your investments into fewer funds with higher SIP amounts for better diversification and potentially lower fees. Achieving 2 crores in 10 years is feasible with a disciplined approach, higher SIP amounts, and investments in growth-oriented funds aligned with your risk profile. Regularly review and adjust your portfolio to stay on track towards your financial goals. Consulting a financial advisor can provide personalized guidance based on your specific circumstances.

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 Biraj - Jan 14, 2022Hindi

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I am a newbie and read your articles regarding mf investments and also great fan of yours. I would like to make 1Cr. in next 15 years. I am 43 years old started making SIP in following funds. Kindly correct me in case of switch to required better funds. Mutual Funds Amount 1. BNP Paribas India consumption growth fund eqity 2500 2. Hdfc banking and financial service growth fund equity 2000 3. ICICI Prudencial flexi cap fund growth 1000

Ans: You would need SIP of Rs 18K to achieve the required target in 15 years.

The funds that may be considered are:

Mutual Funds	Plan
Dsp Focus Fund	Growth
Axis Esg Equity Fund	Growth
Motilal Oswal S&p 500 Index Fund	Growth
Uti Flexi Cap Fund	Growth

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 07, 2022

Question by Pavan - Dec 07, 2022Hindi

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I have been investing in the below mentioned MF SIP schemes my goal is to have 1CR by the time i am 50 yrs my doubts are: 1. Is the below MF enough or is it too much? If i have to close some funds which ones to close? 2. I have a housing loan of 65 lakh can i use the MF investment to clear the same? My MFs are as below: HOLDINGS AS ON 1st November 2022 Scheme Name Invested Value Current Value Returns XIRR HDFC Retirement Savings Fund Equity Plan Direct Growth 14999.24 16559.71 1560.477307 16.43% UTI Long Term Equity Fund Direct Growth 19498.88 20326.63 827.7535724 7.16% Parag Parikh Flexi Cap Fund Direct Growth 14999.2 15473.93 474.7245131 4.92% Motilal Oswal Asset Allocation Passive FoF Aggressive Direct Growth 999.95 1052.04 52.0888116 4.48% IDFC Tax Advantage (ELSS) Direct Plan Growth 13999.37 15039.63 1040.257178 12.98% Kotak Bluechip Fund Direct Growth 19499.65 20814.18 1314.536521 11.31% Canara Robeco Equity Tax Saver Direct Growth 13999.17 14879.03 879.8574 10.95% Kotak Tax Saver Fund Direct Growth 27998.71 30544.75 2546.042107 15.29% Aditya Birla Sun Life Corporate Bond Fund Direct Growth 32498.55 33342.47 843.9236482 4.44% Mirae Asset Tax Saver Fund Direct Growth 29998.51 31241.27 1242.76146 6.81% Canara Robeco Equity Hybrid Fund Direct Growth 13998.83 14727.89 729.06493 9.12% Kotak Multicap Fund Direct Growth 12999.35 14462.41 1463.060518 19.21% SBI Balanced Advantage Fund Direct Growth 20999.01 22217.09 1218.079844 9.96% UTI Flexi Cap Fund Direct Growth 32498.81 32324.14 -174.6719205 -0.87% SBI Multi Asset Allocation Fund Direct Growth 27998.57 29453.48 1454.907578 9.19% Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth 11999.4 12200.07 200.666444 3.01%

Ans: Further details required

Present age

Monthly Investment / SIP

There is no need to disclose your folio numbers.

Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Question by Neeraj - Apr 09, 2024Hindi

Money

My self Neeraj Bajpai and invested Rs. 47000.00 per month in mutual fund through SIP in Axis m/f, SBI Contra fund, Nippon fund, Parag Parikh, Motilal Oswal, Tata etc. My Goal is 2 CR next 9.5 years, its is sufficient. Already invesedt in M/F in Rs. 20 Lakhs for next 9.5 years. Please advise me.

Ans: Hello Neeraj, it's great to see your commitment to investing in mutual funds through SIPs for your financial goals. Let's delve into your situation and explore whether your current investment strategy aligns with your goal of accumulating 2 crores in the next 9.5 years.

Here are some key points to consider:

Current Investment: Your monthly SIP of Rs. 47,000 spread across various mutual fund schemes indicates a disciplined approach towards wealth creation.
Goal Analysis: Your target of accumulating 2 crores in the next 9.5 years is ambitious yet achievable with proper planning and consistent investing.
Assessment of Investment Horizon: With a relatively short time horizon of 9.5 years, it's essential to strike a balance between growth-oriented and stable investment options.
Diversification: Your investment portfolio appears diversified across multiple mutual fund schemes, which is a prudent approach to mitigate risks and capture potential returns from various market segments.
Risk Management: Given the volatility inherent in equity markets, it's crucial to periodically assess and rebalance your portfolio to ensure it remains in line with your risk tolerance and financial goals.
Regular Monitoring: Regularly monitoring the performance of your mutual fund investments and making necessary adjustments based on changing market conditions and your evolving financial situation is imperative for long-term success.
Professional Guidance: While you're already on the right track with your investments, seeking advice from a Certified Financial Planner can provide you with personalized insights and strategies to optimize your portfolio for achieving your financial goals.
In summary, while your current investment approach demonstrates prudence and commitment, it's essential to continue monitoring your portfolio's performance and make adjustments as needed to stay on track towards your goal of accumulating 2 crores in the next 9.5 years. With proper planning, discipline, and professional guidance, you can work towards achieving financial security and prosperity for yourself and your loved ones.

Keep up the good work, Neeraj, and stay focused on your financial goals. Your dedication to investing will undoubtedly yield fruitful results in the years to come.

Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Question by Krupakar - May 08, 2024Hindi

Money

I am 43 and want to get retire with at least 1.5cr through mf sip starting today. Total 10k per month for next 15 years as 2k in parag parikh flexi fund, 2k in canara robecco bluechip, 2k in quant active fund, 2k in mirae asset large midcap fund, 1k in motilal oswal focused fund and 1k in sbi focused equity fund. Is this good to have the above investment?

Ans: Starting your retirement planning at 43 with a clear goal of Rs. 1.5 crore is a great decision! Your choice of SIP (Systematic Investment Plan) is a smart way to invest regularly. Let's see how your chosen funds can help you reach your target.

Strengths of Your Plan:

Diversification: Your selection includes flexi-cap, blue-chip, large & mid-cap, and focused funds, offering diversification across market capitalizations and investment styles.
Long-Term Focus: A 15-year investment horizon allows you to benefit from the potential of equity markets for long-term growth.
Regular Investment: SIP ensures disciplined investing and benefits from rupee-cost averaging.
Points to Consider:

Target Achievement: Reaching Rs. 1.5 crore depends on market performance. Actively managed funds aim to outperform the market, but past performance doesn't guarantee future results.
Asset Allocation: Review the percentage allocation across each fund category to ensure it aligns with your risk tolerance.
Benefits of a CFP

A Certified Financial Planner (CFP) professional can provide a more personalized assessment. They can help you:

Calculate Retirement Corpus: Determine the total investment amount needed for your desired retirement lifestyle.
Refine Asset Allocation: Ensure your chosen mix of funds matches your risk tolerance and goals.
Monitor & Rebalance: Track your portfolio performance and rebalance periodically to maintain your asset allocation.
Regular Plan vs Direct Plan

Regular plans with a CFP professional can offer some advantages over direct plans. A CFP can:

Minimize Costs: Help you potentially find ways to reduce investment expenses.
Stay on Track: Guide you through market volatility and keep you invested for the long term.
Remember:

Market fluctuations can impact your returns. However, your diversified approach, long-term focus, and SIP strategy are positive steps towards your Rs. 1.5 crore goal.

Next Steps:

Consider consulting a CFP professional for a detailed analysis of your plan.
Regularly monitor your portfolio performance and rebalance as needed.
Keep saving and investing for a happy retirement!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam Kalirajan |2330 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 16, 2024

Asked by Anonymous - May 12, 2024Hindi

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From April 2024 I ve started a SIP of 4 lacs each in ICIC pru index, 4.5 L in Parag Parikh Flexicap & 1.5 L Nippon India small cap( all 3 growth plans) . My age is 46 & I want to build a solid corpus of over 25 crore over the next 9-10 yrs until I retire. Do u suggest any changes or addition in the number of funds.

Ans: Your commitment to SIPs reflects a proactive approach towards building wealth for your retirement, and your choice of funds demonstrates a well-diversified portfolio. Let's evaluate your current strategy and suggest potential adjustments to align with your ambitious goal of accumulating over 25 crores in the next 9-10 years.

Assessing Current Portfolio Allocation
Your current SIP allocation comprises investments in ICICI Pru Index, Parag Parikh Flexicap, and Nippon India Small Cap funds, each with varying risk profiles and growth potential. While index funds offer stability, flexicap funds provide diversification, and small-cap funds aim for higher growth.

Considering Risk and Return Profile
Given your age of 46 and the relatively short investment horizon until retirement, it's crucial to strike a balance between risk and return. As you approach retirement, preserving capital becomes paramount, necessitating a gradual shift towards more conservative investments.

Potential Adjustments and Additions
Diversification: Consider diversifying further by adding exposure to other asset classes like debt or balanced funds to mitigate overall portfolio risk. Debt funds provide stability, while balanced funds offer a mix of equity and debt, suitable for investors nearing retirement.

Focus on Consistency: Evaluate the historical performance and consistency of the funds in your portfolio. Ensure that they align with your long-term financial goals and risk tolerance.

Review Fund Selection: While your current funds have their merits, periodically review their performance and make adjustments if necessary. Funds experiencing consistent underperformance or significant changes in fund management may warrant reconsideration.

Professional Guidance: Engage with a Certified Financial Planner (CFP) to conduct a comprehensive review of your portfolio and provide personalized recommendations tailored to your financial objectives and risk appetite.

Conclusion
In pursuit of your ambitious goal of accumulating over 25 crores by retirement, it's essential to periodically review and adjust your investment strategy. By diversifying appropriately, focusing on consistency, and seeking professional guidance, you can optimize your SIP portfolio for long-term wealth creation and financial security in retirement.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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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