Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Kirtan A Shah |77 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Jul 13, 2023

Kirtan A Shah is a certified financial planner and managing director, private wealth, at Credence Family Office.
He is also a Certified International Wealth Manager and Financial Engineering and Risk Manager.
Shah is the co-author of Financial Service Management and Financial Market Operations, which are used as reference books for Mumbai University.
He is frequently seen on CNBC, Zee Business, ET NOW & BQ Prime as an expert guest.... more

Question by Neeraj on Jul 13, 2023Hindi

Money

Hello Kirtan Sir, My name is Neeraj Bajpai, I have some MF, invested Rs. 38000.00 per month in some MF from November 2014, I want 3 Cr in 2033, so what i can do. My script are, SBI Contra Fund Bandhan Flexi Cap Axis flexi cap Axis Focussed 25 Axis Mid Cap Aditya Birla sun life flexi cap Canera Robeco emerging Frankling India Flexi ICICI frudential Bharat Consumption ICICI Prudential Blue Chip ICICI Prudential Value Discovery Kotak Emerging Equity Kotak Flexi Cap Mirae Asets Emerging Mirae Assets Helathcare (one time Invested) Nippo India Small Cap Nippon India Value Fund Aditya Birla sun life pure value Parag Parikh Flexi Cap Please suggest, what i can do for my goal. Thanks and Regards Neeraj Bajpai.

Ans: - Your SIP amount is adequate for 3 cr. till 2033 assuming 12% CARG return
- You have too many funds, exit the below funds,
Bandhan Flexicap
Axis Flexicap
Axis Focused
ABSL Flexicap
Franklin Flexicap
ICICI Consumption
Kotak Flexicap
Nippon Value
ABSL Pure Value

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.

Money1Reply

You may like to see similar questions and answers below

Hardik Parikh |106 Answers |Ask -Follow

Tax, Mutual Fund Expert - Answered on Apr 07, 2023

Question by Manoj - Mar 29, 2023Hindi

Money

Hello Sir , My Self Manoj ,I am 40 years old a salaried person , and investing in MFs Since 5.5 years I have below current ongoing investments Aditya Birla FlexiCap Fund -- 7000 p.m.(SIP) HDFC Midcap Opportunities fund ---4000 p.m.(SIP) HDFC Hybrid Equity Fund ----2000 p.m.(SIP) DSP mid cap fund ---2000 p.m.(SIP) DSP Select Focus Fund ---2000 p.m.(SIP) DSP Small Cap Fund 3000 p.m.(SIP) Kotak Equity Opportunities Fund ---2000 p.m.(SIP) SBI Blue Chip Fund -----64000 (lumpsome) SBI Small cap fund ----2000 p.m.(SIP) Nippon India small cap fund ----2000 p.m.(SIP) Invesco Small cap fund ---1000 p.m.(SIP) Tata Small cap fund ----1000 p.m.(SIP) Mahindra Unnati Emerginf Business yojana ----2000 p.m.(SIP) Tata Balanced Advantage Fund -----50000 Mirae Asset Mid cap Fund ---2000 p.m.(SIP) ICICI Flexicap fund -----70000 (lumpsome) DSP Equity and Bond Fund---- 32000 (lumpsome) DSP Dynamic Asset Allocation Fund ----23000 (lumpsome) Sundaram Emerging small cap series1---17000 (lumpsome) Sundaram Services Fund---500 p.m.(SIP) Tata Flexicap Fund ----17400 (lumpsome) Baroda BNP Paribas Flexicap Fund ----50000 (lumpsome) Icici Blue chip Fund ---400 p.m.(SIP) Edelweiss small cap fund ----2000 p.m.(SIP) Axis Flexicap Fund ----19000 (lumpsome) Sundaram Small cap fund ----98000 (lumpsome) ICICI mnc fund---- 6000 (lumpsome) Axis mid cap fund ---500 p.m.(SIP) Canara Robeco small cap fund -----1000 p.m.(SIP) BOI small cap fund ----1000 p.m.(SIP) Aditya birla multicap fund----50000 (lumpsome) Kotak Multicap fund -----25000 (lumpsome) HDFC world indexes fund of fund---10000 (lumpsome) SBI Multicap fund ---1000 p.m.(SIP) PGIM India mid cap oppportunities fund ---1000 p.m.(SIP) Axis small cap fund ----500 p.m.(SIP) Edelweiss focused equity fund ---21000 (lumpsome) UTI flexicap fund ---3000 p.m.(SIP) Quant Large cap fund ---25000 (lumpsome) IDFC mid cap fund ---25000 (lumpsome) White Oak mid cap fund ---20000 (lumpsome) Sundaram Flexicap fund ---700 (lumpsome) Canara Robeco mid cap fund ---2000 p.m.(SIP) Mahindra small cap fund---2000 p.m.(SIP) Total amount of SIP is roughly around 45k per month, Since December 2016 till the date now my investment corpus in Mutual Fund has been now 30.5 lakhs , also i have 30k invested in direct stocks in Indian equity Market. I have 3 LIC policies and 1 term insurance policy of 1 crore cover,I have Bank FDs in nationalised bank for about 27 lakhs , and 3 lakhs in PPF My Goals are 1) 2 crores for my children's marriage and education 2) 2 crores for buying home 3) 4 crores for retirement life (after 10 years) In total i want to generate 8 crores in next 10 years. Kindly suggest if i would be able to achieve the goals in next 10 years,and changes if required any Regards Manoj

Ans: Hello Manoj,

It's great to see that you've been disciplined with your investments and have built a sizable corpus already. To assess if your current investments will help you achieve your goals of 8 crores in the next 10 years, let's take a closer look at your financial situation and goals.

Current Investments:
Mutual Funds: ~30.5 lakhs
Direct stocks: 30k
LIC policies and term insurance: Not considered for investment purposes
Bank FDs: 27 lakhs
PPF: 3 lakhs
Total: ~60.5 lakhs
Monthly SIP investments: ~45k
Now let's analyze your goals:

Children's marriage and education: 2 crores
Buying a home: 2 crores
Retirement life (in 10 years): 4 crores
Total: 8 crores
Assuming an average annual return of 12% on your equity investments, here's a rough projection of your portfolio's growth:

Current investments (60.5 lakhs) in 10 years: ~1.87 crores
Monthly SIPs (45k) in 10 years: ~1.05 crores
Total: ~2.92 crores
Based on this calculation, you would not reach your goal of 8 crores in the next 10 years. However, you can consider making some changes to improve your chances:

Reassess your goals: Consider if your goals are realistic and if there's any flexibility in the amounts or timelines.
Increase your SIP investments: As your salary increases, try to increase your SIP investments to accelerate your portfolio's growth.
Rebalance your portfolio: Regularly review your portfolio to ensure it's aligned with your risk appetite and financial goals. This may involve reducing the number of funds or shifting the allocation between equity and debt.
Monitor fund performance: Keep an eye on the performance of your funds and consider replacing underperforming ones.
Remember that financial planning is an ongoing process, and it's essential to periodically review and adjust your strategy. It's also a good idea to consult with a professional financial advisor to get personalized advice for your specific situation. While it might be challenging to achieve 8 crores within 10 years, these suggestions may help you get closer to your goals.

Best regards,

Ulhas Joshi | Answer |Ask -Follow

Mutual Fund Expert - Answered on Jun 22, 2023

Question by Sushanta - Jun 05, 2023Hindi

Money

I am a retired Bank of Baroda executive of 65 yrs old drawing pension, started mf investments late since Nov,2021 and presently having investement in following mf. Pl give yr suggestion . Bal adv fund of Rs 5.00 lakhs on Aditya Birla SL with swp amount of Rs 3000/ Bal adv fund of Tata MF for Rs 5.00 lacs with swp amount of Rs 3000/ Monthly SIP of Rs 2000/ on Axis bluechip fund( lumpsum investment of Rs 50000) Monthly SIP of Rs 2000/ of Baroda BNP Paribas large & mid cap fund ( lumpsum investment of Rs 50000) Monthly SIP of Rs 4000/ of Canara rebeco flexi cap fund. Lumpsum investment of Rs 1.60 lacs of Nippon India flexi cap fund. Lumpsum investment of Rs 0.60 lacs of Kotak manufacturing fund. Monthly sip of Rs 2000/ of nippon india small cap fund from January,2023. Monthly sip of Rs 2000/ of SBI magnum midcap fund ( lumsum invested Rs 40000)

Ans: Hello Sushanta and thanks for writing to me. Please elaborate on your objectives and risk appetities to understand your needs and requirements better.

As a general rule, balanced advantage funds can be good schemes to begin SWP's.

Ramalingam Kalirajan |7758 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 05, 2024

Question by Neeraj - Jul 06, 2023Hindi

Money

My name is Neeraj Bajpai, I have some MF, invested Rs. 38000.00 per month in some MF from November 2014, I want 3 Cr in 2033, so what i can do. My script are, SBI Contra Fund Bandhan Flexo Cap Axis flexi cap Axis Focussed 25 Axi Mid Cap Aditya Birla sun life flexi cap Canera Robeco emerging Frankling India Flexi ICICI frudential Bharat Consumption ICICI Prudential Blue Chip ICICI Prudential Value Discovery Kotak Emerging Equity Kotak Flexi Cap Mirae Asets Emerging Mirae Assets Helathcare Nippo India Small Cap Nippon India Value Fund Aditya Birla sun life pure value Parag Parikh Flexi Cap Please suggest, what i can do for my goal.

Ans: To achieve your goal of reaching 3 Cr by 2033, continue your SIPs in well-diversified equity funds. Regularly review and rebalance your portfolio to ensure alignment with your goal and market conditions. Consider increasing SIP amounts periodically to boost growth potential. Stay invested for the long term and remain disciplined during market fluctuations. Seek advice from a financial advisor to optimize your portfolio and ensure it remains on track to meet your target.

Ramalingam Kalirajan |7758 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - Jul 10, 2023Hindi

Money

I am 43 years old..I have mf investment as following. SIP: quant mid cap, SBI Magnum mid cap, canara robeco bluechip equity fund...5000 each pm, started from June 2023. LUmp sump: 500000 quant multi asset fund, 250000 quant elss, 250000 kotak small cap, alll investment made in June 2023. The target is to achieve, 1.5 crores (most pessimistic outlook) to 3 crores( optimistic) outlook by 2040-41. Pls advise.

Ans: Strategizing Your Mutual Fund Investments for Long-Term Growth

Your proactive approach to investing in mutual funds demonstrates a commitment to achieving your financial goals. Let's assess your current portfolio and strategize to meet your target of Rs. 1.5 crores to Rs. 3 crores by 2040-41.

Analyzing Your Investment Portfolio

Your SIPs in mid-cap and blue-chip equity funds, along with lump sum investments across multi-asset, ELSS, and small-cap funds, reflect a diversified approach. Diversification is key to managing risk and maximizing returns over the long term.

Understanding Risk and Return Expectations

Given your investment horizon of approximately 16-17 years, you have the advantage of time to ride out market fluctuations and benefit from compounding returns. However, it's essential to acknowledge the inherent risks associated with mid-cap and small-cap investments, which tend to be more volatile than large-cap funds.

Assessing Growth Potential

Mid-cap and small-cap funds offer the potential for higher returns compared to large-cap funds over the long term. However, they also come with increased volatility and liquidity risks. Blue-chip equity funds provide stability and consistent returns, making them suitable for investors with a moderate risk tolerance.

Aligning Investments with Financial Goals

To achieve your target corpus, it's crucial to periodically review and realign your investment strategy. As you approach your target timeline, consider gradually shifting your portfolio towards more conservative options to protect your capital from market downturns.

Monitoring and Rebalancing

Regular monitoring of your investments is essential to ensure they remain aligned with your financial goals and risk tolerance. Rebalancing your portfolio periodically can help maintain the desired asset allocation and minimize the impact of market volatility.

Considering Tax Efficiency

ELSS funds offer the dual benefit of tax savings under Section 80C of the Income Tax Act and the potential for long-term capital appreciation. By maximizing your investments in tax-efficient avenues, you can optimize your returns while minimizing tax liabilities.

Seeking Professional Advice

As a Certified Financial Planner, I recommend consulting with a qualified professional to tailor your investment strategy to your specific needs and circumstances. A personalized financial plan can provide clarity and direction, helping you navigate market uncertainties and achieve your long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Rajesh Kumar Singh |47 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Feb 01, 2025

Asked by Anonymous - Feb 01, 2025Hindi

Career

I am an HR recruiter with 18 years experience. Been unemployed for past 2 years as companies expect team lead, managerial experience, but I have worked as an individual contributor only. Still looking for a job and feel burnout/ depressed. I have read about prompt engineer roles. Can I take this course? I want to focus on non technical aspects of prompt engineer as I don't know anything about coding. Also my age is 47, will companies be willing to give me job in this field even if I get certified? Please help.

Ans: Try in startup. Changing profile at 47 not advisable

Dr Nagarajan Jsk |224 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Feb 01, 2025

Question by Rose - Dec 27, 2024Hindi

Career

Hello. Can you tell me how to come dubai as a doctor after completing mbbs frpm Bangladesh? Or how to come there for PG?

Ans: Hi Rose,

Your query is incomplete. Could you please let me know your nationality and where you completed your medical studies? Did you also complete your internship?

Providing this information will help me offer you better suggestions.
with regards

Poocho. Life Change Karo!

Dr Nagarajan Jsk |224 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Feb 01, 2025

Question by Nandu - Nov 16, 2024Hindi

Career

I have completed my msc in biochemistry n now doing internship but I am confusing about my future because I see this field don't pay me inuff for life even for future... N don't have more jobs in Maharashtra. I don't like production jobs but in Pharma only production pay much so what can I do .. Can u suggest me which job is high payable after Msc biochemistry

Ans: Hi Nandu,

Greetings!

Could you please let me know which year you completed your course and whether you are currently doing an internship or apprenticeship? An internship is part of the curriculum, where students gain practical training, sometimes with a stipend and sometimes without. After completing your course, you can opt for an apprenticeship, which typically lasts one to one and a half years and includes a stipend, usually split 50%-50% between the industry and government.

If you are in the internship phase, please inform me about the specific field you are working in. Initially, you may not expect a high salary, but after gaining expertise in your field, your compensation will improve. Typically, this takes about three years, so it’s important to focus on skill acquisition for a better future.

If your internship aligns with your field of study, I encourage you to continue and consider starting a medical lab or exploring opportunities in medical devices related to biochemistry. However, pursuing a career in pharmaceutical production may not be suitable for you, as it is a different field, and you may find it challenging to grasp the processes involved since you are currently inexperienced in that area.

Please share the specific field of your internship, and I would be happy to provide more tailored advice.
with regards

Poocho. Life Change Karo!

Radheshyam Zanwar |1168 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 01, 2025

Question by Shubhankar - Feb 01, 2025Hindi

Career

if i am failed in my boards exam after giving re test can i give neet exam ??

Ans: Hello Shubhankar.
Generally, the board exam results are declared after the NEET exam is over. Hence you can appear in the NEET exam without any hurdle or hesitation.
If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Sushil Sukhwani |576 Answers |Ask -Follow

Study Abroad Expert - Answered on Feb 01, 2025

Question by Benish - Sep 05, 2024Hindi

Career

I have done my bachelors in Physiotherapy now I want to do masters in abroad but dont want to do in physiotherapy suggest some other options in career is this possible i can go in arts field

Ans: Hello Benish,

Thank you for contacting us. To answer your question, yes, it's definitely possible to pursue a master's abroad in a different field, even after completing your Bachelor's in Physiotherapy! Many students choose to pivot to new career paths based on their interests. Since you're interested in the arts, you could consider programs in fields like design, media studies, or even psychology. You can also explore various options like pursuing a Master's in Healthcare Management, Public Health, or even Arts Management, which could combine both your healthcare background and your interest in the arts. The key is to identify a field that excites you, research programs that align with your skills, and be open to gaining any additional qualifications if necessary to make the switch!

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint

Sushil Sukhwani |576 Answers |Ask -Follow

Study Abroad Expert - Answered on Feb 01, 2025

Asked by Anonymous - Oct 23, 2024Hindi

Career

Hello sir I'm completed my btech in mechanical engineering Now I want to pursue ms in Ai ml in usa is it possible sir So please clear my doubt I has alot of confusion about these sir

Ans: Hello,

To begin with, thank you for reaching out to us. To answer your question, it’s definitely possible for you to pursue an MS in AI/ML in the USA after completing your BTech in Mechanical Engineering! Since you have a solid background in engineering, you’ll likely have a good foundation in math, algorithms, and problem-solving, which are key in AI/ML. However, you might need to take some additional courses in programming, statistics, or machine learning fundamentals before applying, depending on the program. It’s important to research the specific requirements for the universities you're interested in and make sure you meet their prerequisites, but with the right preparation, your background can actually make you a strong candidate!

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint

Sushil Sukhwani |576 Answers |Ask -Follow

Study Abroad Expert - Answered on Feb 01, 2025

Asked by Anonymous - Aug 27, 2024Hindi

Career

Sir, I am a Nigerian. My Son got a Post graduate admission in Germany (Project Management) with 40% scholarship. He is 22 years old and a great footballer. Is there a future for him in Germany after graduation?

Ans: Hello,

First of all, congrats to your son on his admission and scholarship! To answer your question, Germany offers great opportunities for international students, especially if he's willing to explore the job market after graduation. With a degree in Project Management and a strong football background, he could potentially tap into both the corporate world and the sports sector. He could even combine his project management knowledge with his football interest by working as a football team manager. The key is networking, gaining relevant experience, and possibly learning German, as it would open more doors. His age and athleticism can definitely give him an edge in both professional and sports-related careers in Germany.

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint

Anil Rego |384 Answers |Ask -Follow

Financial Planner - Answered on Feb 01, 2025

Question by Ravi - Feb 01, 2025Hindi

Money

Is NPS from exployee contribtution exempted under new tax regime

Ans: No, the NPS from employee contribution is not exempted under new tax regime. Only employers contribution is exempted under section 80CCD(2).

80CCD (1) - Employee's contribution to NPS - Not available under New tax Regime
80CCD (2) - Employer's contribution to NPS - Available under New tax Regime

Anil Rego |384 Answers |Ask -Follow

Financial Planner - Answered on Feb 01, 2025

Question by Ujjwal - Feb 01, 2025Hindi

Money

In today’s budget- how much tax will I pay if I earn Rs 18 lakhs. Tax on 6 lakh only or as per slabs below 12 lakhs also?

Ans: Income tax is nil only on income upto Rs.12 Lakhs. Considering an annual income of ?18 LPA as salary income, you’ve to pay tax for the entire 18 Lakhs starting from Rs.0 to Rs.18 Lakhs as per slab rate.
So here the standard deduction of ?75,000 is applicable, resulting in a tax liability of ?1,45,250 under the new tax regime. After including the 4% cess, the total tax payable will be ?1,50,800.
If the income is from sources other than salary, the standard deduction will not be applicable.

Anil Rego |384 Answers |Ask -Follow

Financial Planner - Answered on Feb 01, 2025

Asked by Anonymous - Feb 01, 2025Hindi

Money

What would be my tax structure under new regime with CTC of 19 LPA

Ans: Considering your salary income of Rs.19 LPA as salary income, standard deduction of Rs.75,000 is applicable resulting in tax liability of Rs.1,65,000 according to the new tax regime. Post 4% cess your total tax liability will be Rs. 1,71,600.

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

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

Sign up

email

uname

mobile no

Country Code

Mobile number

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

Already have an account?

LOGIN

x