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

Ramalingam Kalirajan  |6501 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 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
Asked by Anonymous - Mar 18, 2024Hindi
Listen
Money

Hello Nikunj, Hope you're doing good! I am 32 yrs old and planning to invest till 60 yrs i.e till next 28 yrs. I am investing in below MFs and some other savings schemes, I need you suggestion on the same: MFs Investment: 1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF - 1,500/- PM 2. Tata Resource & Energy Fund - 2,000/- PM 3. ICICI Prudential Technology - 1,500/- 4. Nippon India Nifty Smallcap 250 Index Fund - 1,000/- PM 5. SBI Nifty Next 50 Index Fund - 1,000/- PM 6. ICICI Prudential Nasdaq 100 Index Fund - 1,000/- PM 7. ICICI Prudential Nifty Bank Index Fund - 2,000/- PM Apart from this I am also investing in NPS around 17,500/- PM and PF around 30,500 including both. Also investing 5,000/- in Max Life Online Savings Plan (10 yrs investing period and 15 Yrs total Policy period). My goal is to be accumulate wealth for my retirement. Thank you in advance for your help.

Ans: It's great to hear about your proactive approach to investing for your retirement. Your portfolio seems well-diversified across different sectors and asset classes, which is essential for long-term wealth accumulation. However, it's essential to periodically review your investments to ensure they remain aligned with your financial goals and risk tolerance. Consider consulting with a financial advisor to assess your current portfolio, identify any gaps or areas for improvement, and make adjustments as needed. Additionally, continue to contribute regularly to your investments and take advantage of opportunities to increase your savings over time. Best of luck on your financial journey!
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

Ramalingam

Ramalingam Kalirajan  |6501 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 30, 2024

Asked by Anonymous - Sep 16, 2023Hindi
Listen
Money
Dear Sir, I am 40 year old and I have following MFs. My goal are 50L for child marraige ( after next 10 years) and retirment fund 1 cr and monthly pension of 50k per month post retirement. I invest 2000 per month in each. Pls suggest Aditya Birla Sun Life Mfg Equity Fund - Aditya Birla Sun Life Tax Relief 96 - Reg - G Axis Bluechip fund Canara Robeco Emerging Eqities Canara Robeco Equity Tax Saver HDFC Gold Trader Fund Growth - Direct HDFC Tax saver ICICI Prudential Technology Fund - Growth 360 One Focused Equity Fund - Growth Mirae Asset Emerging Bluechip Fund - Growth Mirae Asset Tax Saver Fund G Motilal Oswal NASDAQ 100 ETF Parag Parikh Flexi Cap Fund Quant Tax Plan
Ans: Understanding Your Goals

You have two primary financial goals. First, Rs 50 lakhs for your child's marriage in the next 10 years. Second, Rs 1 crore for retirement along with a monthly pension of Rs 50,000 post-retirement.

Both these goals require careful planning and disciplined investing.

Assessing Your Current Portfolio

Your current investments are diversified across various equity mutual funds. This diversification is a good strategy for risk management.

You invest Rs 2000 per month in each fund. This consistent investment is a commendable approach.

Equity Mutual Funds

Equity mutual funds are great for long-term wealth creation. They have the potential for high returns, which is essential for meeting your financial goals.

However, actively managed funds can outperform index funds in certain market conditions. This is due to professional fund management, which can adapt to market changes.

Tax-Saving Funds

You have invested in tax-saving funds, which is beneficial for tax deductions under Section 80C. These funds also invest in equities and can offer good returns.

However, consider the lock-in period of three years. Ensure these investments align with your liquidity needs.

Sectoral Funds

Your portfolio includes sectoral funds, which focus on specific sectors like technology. These funds can deliver high returns but come with higher risks.

Diversify across sectors to manage risk effectively. Avoid over-concentration in any one sector.

Gold Funds

You have invested in gold funds, which add stability to your portfolio. Gold acts as a hedge against inflation and economic uncertainties.

However, gold should be a smaller portion of your portfolio as it does not provide regular income.

International Funds

International funds give exposure to global markets, which can offer diversification benefits. These funds can help mitigate risks related to domestic market downturns.

However, be mindful of currency risk and geopolitical factors that can impact returns.

Direct vs. Regular Funds

You have chosen some direct funds. Direct funds have lower expense ratios, leading to slightly higher returns.

However, regular funds offer the benefit of advice from a Certified Financial Planner (CFP). This guidance can be crucial for making informed decisions.

Rebalancing and Monitoring

Regularly review and rebalance your portfolio to stay aligned with your goals. Market conditions and personal financial situations change, requiring adjustments in your investments.

Consider consulting a CFP for professional advice on rebalancing.

Conclusion

Your current investments reflect a thoughtful approach towards achieving your financial goals. Continue with disciplined investing and regular reviews.

Ensure diversification across different types of funds to balance risk and returns. Seek professional advice when needed to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |6501 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Ramalingam

Ramalingam Kalirajan  |6501 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Mar 18, 2024Hindi
Listen
Money
Hello, Hope you're doing good! I am 32 yrs old and planning to invest till 60 yrs i.e till next 28 yrs. I am investing in below MFs and some other savings schemes, I need you suggestion on the same: MFs Investment: 1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF - 1,500/- PM 2. Tata Resource & Energy Fund - 2,000/- PM 3. ICICI Prudential Technology - 1,500/- 4. Nippon India Nifty Smallcap 250 Index Fund - 1,000/- PM 5. SBI Nifty Next 50 Index Fund - 1,000/- PM 6. ICICI Prudential Nasdaq 100 Index Fund - 1,000/- PM 7. ICICI Prudential Nifty Bank Index Fund - 2,000/- PM Apart from this I am also investing in NPS around 17,500/- PM and PF around 30,500 including both. Also investing 5,000/- in Max Life Online Savings Plan (10 yrs investing period and 15 Yrs total Policy period). My goal is to be accumulate wealth for my retirement. Thank you in advance for your help.
Ans: Your investment approach reflects a thoughtful strategy aimed at building long-term wealth for your retirement. Diversifying your portfolio across different asset classes, including equity mutual funds, index funds, and savings schemes like NPS and PF, is a wise move.

Maintaining a disciplined investment habit and staying committed to your financial goals over the next 28 years will be crucial. Regularly reviewing your portfolio's performance and adjusting it as needed to stay aligned with your objectives is essential.

Remember, the journey to retirement wealth accumulation is a marathon, not a sprint. Stay patient, stay focused, and trust in the power of compounding to grow your investments steadily over time.

By diligently contributing to your investment portfolio and making informed decisions, you're laying a solid foundation for a financially secure and fulfilling retirement. Keep up the good work, and your future self will thank you for it.

..Read more

Latest 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.

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