Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Hemant

Hemant Bokil  | Answer  |Ask -

Financial Planner - Answered on Apr 27, 2023

Hemant Bokil is the founder of Sanay Investments. He has over 15 years of experience in the field of mutual funds and insurance.Besides working as a financial planner, he also hosts workshops to create financial awareness. He holds an MCom from Mumbai University.... more
Renukadevi Question by Renukadevi on Mar 18, 2023Hindi
Listen
Money

Hello Investment/ Money Guru, I'm 46 years old, planning for one time investment ~8 LAK in NPS/ Mutual/ your suggestion. My objective to use this fund to add into my corpus during my retirement at 60 years, so ~15 years I will not use this amount. Can you please advise right investment options. Thank You!

Ans: Hi Renukadevi

Yes NPS is good for investing and tax saving both as per old regime. You can invest say 2 lacs in it and 6 lacs you must allocate to aggressive funds lime mid cap and small cap and index funds but in a systematic transfer plan method
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.
Money

You may like to see similar questions and answers below

Janak

Janak Patel  |29 Answers  |Ask -

MF, PF Expert - Answered on Apr 11, 2025

Listen
Money
Hello sir, im a doctor 37year.started practising last year. So no previous investment. I want suggestion for investment and regarding nps . Should I opt nps or go for mutual funds.. as I can't keep track on stocks. Please guide . I have corpus for child .and want retirement funds good for my standard
Ans: Hi Dr.

As you can't keep track of stocks, lets rule out direct stock/equity investment.

NPS - its a good tool for people who want regular income during retirement as pension. So thru your earning life you contribute to NPS and save for the future - contributions are until retirement age. There are prescribed allocation to Equity and Debt funds (similar to mutual fund schemes) that are managed by Fund managers. On retirement age you can withdraw 60% of the funds without any tax liability (its an option) and the remaining funs in the NPS will provide you with pension income. The pension income is considered a source of income in your hand and hence taxable as per prevailing tax laws.

Mutual fund - this investment option doesn't have a time limit for you to contribute. The allocation to different type of Mutual fund schemes are also at the discretion of the investor. Some schemes like ELSS do provide tax benefit under old tax regime. The withdrawal from Mutual funds do have tax implications but they are consider more tax efficient as they are not considered as income. Tax is on the gains (capital gains) only. Regular income can be derived from Mutual funds at the time of retirement using SWP (Systematic withdrawal plan) option or withdrawing a lumpsum amount - its flexible and again at the discretion of the investor.

I would recommend you consult a CFP, who can help prepare a personalized Financial plan for your requirements. A CFP will do a detailed study of your requirements, preferences and also do a risk assessment. This will include all your requirements and provide you with options and alternatives and recommend the right product mix to achieve them. You will need to have a plan of investment that meets your goals (retirement and child specific), plan risk covers for securing future of your family (Life and health) and consider tax implications of investing and subsequent utilization of the corpus for goals. So its an elaborate plan that will be personalized for you which will help you understand the right time for retirement and what to expect pre and post retirement.

Thanks & Regards
Janak Patel
Certified Financial Planner.

..Read more

Latest Questions
Dr Dipankar

Dr Dipankar Dutta  |1136 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Apr 15, 2025

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x