Hope you are doing well in this covid times. 

I have started SIPs in following MFs:

1)Parag Parikh flexi cap -regular growth- 10000

2)Nippon india Pharma fund direct growth- 5000

3)Axis bluechip fund direct growth- 20000

4)UTI flexi cap fund direct growth- 10000

5)Nippon india large cap fund direct growth- 8000

Total 53000

I am 35 years old. 

I am planning to do SIP of total 1 lakh. Can you advise whether above investment is okay and what more mutual funds should I invest in to make it 1 lakh total

Ans: I'm truly sorry to hear about your husband's health complications and the subsequent challenges with your medical insurance. Facing such situations can be distressing, especially when dealing with unexpected denials and cancellations. It's important to take action to address this issue.

Firstly, gather all relevant documents, including policy details, correspondence with the insurance company, and any communication with the agent. This documentation will be crucial in understanding the reasons for the denial and in any potential appeals or legal actions.

Next, consider reaching out directly to the insurance company to request a review of the decision and clarification on why the claim was rejected. If you're unsatisfied with their response, you may escalate the matter through their grievance redressal mechanism or regulatory authorities.

Additionally, seeking legal advice from a lawyer who specializes in insurance matters could provide insight into your rights and options for recourse. They can help you navigate the complex legal landscape and pursue appropriate action to recover your hard-earned money.

While the situation is undoubtedly challenging, remember that you're not alone. Reach out to consumer rights organizations or advocacy groups that may offer support and guidance in dealing with insurance-related issues. Your perseverance and determination to seek justice are commendable, and I hope you find a resolution that provides the relief and security you deserve.

Ans: Selecting the right mutual fund scheme depends on various factors such as your risk tolerance, investment goals, and time horizon. For a lump sum investment with a relatively short time frame of 24 months, consider schemes with a balanced approach that aim for steady growth while managing risk. Look for diversified equity funds or hybrid funds that have a track record of consistent performance over similar time periods. However, it's essential to remember that all investments carry some level of risk, and past performance is not indicative of future results. Consulting a Certified Financial Planner can help you choose a suitable scheme aligned with your financial objectives and risk appetite.

Ans: Reimbursement of expenses incurred for the company isn't typically liable for TDS (Tax Deducted at Source). TDS is generally applicable on specific types of payments such as salaries, interest, rent, etc. However, there might be exceptions based on the nature of expenses and the relevant provisions of the Income Tax Act. It's advisable to consult a tax expert or a Certified Financial Planner to ensure compliance with tax regulations and to understand any potential implications based on the specific circumstances of the expenses and the company's operations.

Ans: Congratulations on the growth of your mutual funds! It's a testament to your commitment to financial planning. Now, the decision to withdraw the growth and reinvest is a pivotal one. Consider the philosophical aspect—growth signifies progress, but is it wiser to reinvest and nurture this growth or cash out and potentially lose momentum? As a Certified Financial Planner, I urge you to reflect on your long-term goals and risk tolerance. Reinvesting the growth could amplify your base, potentially accelerating your journey towards financial freedom. However, it's crucial to weigh this against the risk of market fluctuations and the need for diversification. Let's explore together—balancing appreciation for your achievements with prudent financial decisions is key to securing your financial future.

Ans: Your investment strategy shows a diversified approach, which is commendable. However, achieving a retirement corpus of 10 crores by age 45 might require a more aggressive investment approach. Consider consulting a Certified Financial Planner to tailor your portfolio and ensure it aligns with your retirement goals and risk tolerance. Additionally, review your asset allocation to balance risk and potential returns effectively. Remember, investing is a journey, and periodic reassessment and adjustments are essential to stay on track towards your financial objectives.

Ans: Hello, investing at this age is to create a corpus to pass it on to the next generation
Benefits of investing in mutual funds in a very simple manner for a person your age :
1. 100% liquid
2. Easy succession planning
3. Superior returns compared to other assets
4. No effects of volatility on the portfolio as assuming this money will be for the next generation

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Ans: Hello, as per the funds selected, it seems that you are selecting funds on the basis of the past returns and not as per your requirements
Always diversify in terms of the fund category and also AMC wise
You can select 2AMC's and split your sip's accordingly
In case you don't need any tax deductions , you can change your ELSS fund to a mid cap or a small cap

Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.

Ans: Let's analyse your plan for a Rs 2 lakh monthly income after retirement:

Corpus Calculation:

To determine if your current strategy is sufficient, we need to calculate the total corpus you'll need. Here's a simplified approach (assuming a fixed monthly withdrawal):

• Expected Investment Period: 10 to 12 years (considering your retirement timeframe)
• Monthly Investment: Rs 2 lakh.
• Monthly Target Income: Rs 2 lakh.
• There are two unknowns: total investment period and corpus amount. We can't predict the exact number of years until retirement, so let's analyse both scenarios (10 and 12 years).

Scenario 1: 10 Years of Investment

For this scenario, we can use a financial calculator or spreadsheet to solve for the corpus needed. However, I can't directly provide financial product recommendations or perform calculations that require specific rates of return.

Scenario 2: 12 Years of Investment

Similar to scenario 1, you'll need to calculate the corpus considering a 12-year investment horizon.

Additional Considerations:

• Inflation: The purchasing power of your Rs 2 lakh monthly income will decrease over time due to inflation. You might need to increase your withdrawals gradually to maintain your standard of living.
• Investment Returns: The actual corpus will depend on the return you get on your investments. This can vary based on your chosen investment options.

Recommendations:

• Retirement Needs Assessment: Consider consulting a financial advisor to assess your retirement needs based on your lifestyle and future plans. They can help you with a more personalised calculation considering inflation and your risk tolerance.
• Investment Strategy: A financial advisor can also suggest an investment strategy to achieve your target corpus. This may involve a mix of equity and debt instruments to balance growth and stability.

Positive Aspects:

• You're taking a proactive approach to retirement planning by starting early and investing regularly.
• A Rs 2 crore corpus and a Rs 2 lakh monthly investment are good starting points.

Conclusion:

While it's difficult to say definitively without a detailed calculation, your plan has a good foundation for achieving your Rs 2 lakh monthly income target. Consulting a financial advisor can provide a more personalised assessment and help you fine-tune your strategy for a comfortable retirement.

Ans: Hello, the thumb rule as per me for long term investments should be 30% of gross salary to be financially independent in 15yrs from starting the investments.
As far as investment risk and returns go , no high return investment is low risk , risk is a point of view which differs from person to person, It is always a good idea to consult with a financial advisor in person.
Suggestion of funds :
small cap 30%
mid cap 30%
multi cap 30%
large and mid 10%