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Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 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
Tauhid Question by Tauhid on Apr 14, 2024Hindi
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Hello Ma'am , I am investing in below mutual funds through SIP. ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K Is it good funds for long terms ( Horizon of 8/10 years) ? I want to invest more 10K in SIP then which fund should I chose ? Thanks

Ans: Hello,
It's great to see your interest in investing for the long term. Let's review your current mutual fund portfolio and suggest additional options for your increased investment:
1. ICICI Balanced Advantage: This fund follows a dynamic asset allocation strategy, making it suitable for investors looking for a balanced approach with the flexibility to adjust to market conditions.
2. HDFC Balanced Advantage: Similar to ICICI Balanced Advantage, this fund aims to provide capital appreciation by dynamically managing the allocation between equity and debt instruments.
3. Tata Midcap and Largecap: Investing in both mid-cap and large-cap stocks can offer diversification benefits across market segments, potentially enhancing returns over the long term.
4. Nippon India Small Cap: Small-cap funds like this one focus on investing in smaller companies with high growth potential. They can be more volatile but offer the opportunity for significant capital appreciation over the long term.
5. Motilal Midcap: Mid-cap funds target companies with medium market capitalization, aiming to capture growth opportunities in this segment of the market.
6. ICICI Prudential Commodities: Commodity funds invest in commodities like gold, crude oil, etc. They can provide diversification but may be more suitable for investors with a higher risk appetite.
7. Quant Small Cap: Another small-cap fund that focuses on investing in small-sized companies poised for growth.
For an additional SIP investment of 10K, you may consider adding a large-cap or diversified equity fund to your portfolio to further diversify across market segments. Large-cap funds typically invest in well-established companies with a track record of stable performance. They can provide stability and consistent returns over the long term.
Additionally, it's essential to regularly review your portfolio's performance and make adjustments as needed to stay aligned with your financial goals and risk tolerance.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
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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Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Asked by Anonymous - Mar 25, 2024Hindi
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Hello sir , I am investing in below mutual funds through SIP. ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K Is it good funds for long terms ( Horizon of 8/10 years) ? I want to invest more 10K in SIP then which fund should I chose ? Thanks
Ans: Your choice of mutual funds reflects a diversified approach, incorporating a mix of balanced, large-cap, mid-cap, and small-cap funds. Investing through SIPs for a horizon of 8 to 10 years demonstrates a commitment to long-term wealth creation.

To evaluate the suitability of your current funds, consider factors such as historical performance, fund manager expertise, and expense ratios. Additionally, assess whether the funds align with your risk tolerance and investment objectives.

For further diversification and potential growth, you could consider adding a large-cap or flexi-cap fund to your portfolio. These funds typically invest in well-established companies, offering stability and growth potential over the long term.

Before making any investment decisions, it's advisable to consult with a Certified Financial Planner who can provide personalized advice based on your financial situation and goals. Remember, periodic review and adjustments to your portfolio may be necessary to ensure it remains aligned with your objectives and market conditions.

By staying informed and maintaining a disciplined approach to investing, you're well-positioned to achieve your long-term financial goals. Keep nurturing your investments with care, and they're likely to flourish over time.

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Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Hello Ma'am , I am investing in below mutual funds through SIP. ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K Is it good funds for long terms ( Horizon of 8/10 years) ? I want to invest more 10K in SIP then which fund should I chose ? Thanks
Ans: Your choice of mutual funds for SIP investments reflects a diversified portfolio covering various market segments. Considering your long-term horizon of 8-10 years, these funds have the potential to deliver favorable returns.

However, it's essential to periodically review your portfolio's performance and ensure it aligns with your investment goals and risk tolerance. Additionally, consider factors like fund performance, fund manager track record, expense ratios, and market conditions when evaluating your investments.

For the additional 10K SIP investment, you may consider adding to existing funds or diversifying further based on your risk appetite and investment objectives. You might explore large-cap equity funds for stability and growth potential or thematic funds aligned with emerging trends if you're comfortable with higher risk.

Consulting a Certified Financial Planner can provide personalized recommendations tailored to your financial goals and help optimize your investment strategy for long-term wealth accumulation. They can also assist in monitoring your portfolio and making adjustments as needed to stay on track towards your objectives.

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Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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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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