Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Kirtan A Shah | Answer |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 22, 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 Prashant on Sep 12, 2023Hindi

Money

I have huge numbers of mutual funds in my portfolio and i want to consolidate the same. I am looking at STP. Wanted to know how should i calculate the cost of units in new fund considering the cost is lot less when i bought the older mutual funds. E.g. suppose i bought a mf at 10 and now the nav is 17 and i am stp to a fund where nav is 21. So what should be my cost of each unit at the base price?

Ans: Your software will calculate the same for the tax purpose, you dont need to do it

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.

MoneyReply

You may like to see similar questions and answers below

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jul 23, 2020

Question by Alban - Jul 23, 2020Hindi

Money

I would appreciate your advise/strategy with regard to the following mutual fund units currently held in my portfolio. 1. Sundaram Services Funds Regular Plan. 2. L&T Hybrid Equity Fund Growth 3. Kotak Equity Hybrid Fund Regular Plan Growth 4. Kotak Standard Multicap Fund Regular Plan Growth 5. Kotak Balanced Advantage Fund Regular Plan Growth 6. Kotak Credit Risk Fund Regular Plan Growth

Name of the Fund	Category	RankMF Star Rating	Recommendation
1. Sundaram Services Funds Regular Plan	Equity - Sectoral Fund - Service Industry	2	Avoid Sectoral Funds, SmartSwitch to UTI Equity Fund - Growth
2. L&T Hybrid Equity Fund Growth	Hybrid - Aggressive Hybrid Fund	5	Continue
3. Kotak Equity Hybrid Fund Regular Plan Growth	Hybrid - Aggressive Hybrid Fund	3	SmartSwitch to Canara Robeco Equity Hybrid Fund -Growth
4. Kotak Standard Multicap Fund Regular Plan Growth	Equity - Multi Cap Fund	2	SmartSwitch to UTI Equity Fund - Growth
5. Kotak Balanced Advantage Fund Regular Plan Growth	Hybrid - Balanced Advantage	4	Continue
6. Kotak Credit Risk Fund Regular Plan Growth	Debt - Credit Risk Fund	2	SmartSwitch to ICICI PRUDENTIAL CORPORATE BOND FUND - GROWTH

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Sep 19, 2022

Question by Vineet - Sep 19, 2022Hindi

Money

I started investing in mutual fund back in 2006 with very small SIP amounts and I am 41 now. Currently, I have a MF corpus of approx 30 lakh, with SIP investments in following schemes, though i myself feel i have invested in multiple fund houses or similar portfolios and need your help or guidance with consolidation and then keep a target of 2.5 to 3 crore in next 15 years through Mutual fund only. Currently I am investing 32500 per month through SIPs only. Sr No Fund Name Start Date Amount 1 HDFC Top 100 Fund Growth 20-Sep-06 1000 2 HDFC Top 100 Fund Growth 05-Dec-13 1000 3 SBI BlueChip Fund Regular Growth 25-Apr-16 1000 4 ICICI Prudential Value Discovery Fund Growth 22-Jul-16 1000 5 Kotak Flexicap Fund Growth 23-Aug-17 1000 6 IDBI India Top 100 Equity Regular Fund Growth 05-Jan-18 1000 7 L&T Hybrid Equity Fund Growth 06-Dec-18 1000 8 L&T Hybrid Equity Fund Growth 07-Jan-19 1000 9 Indiabulls Equity Hybrid Fund Regular Growth 12-Mar-19 1000 10 HDFC Mid-Cap Opportunities Regular Fund Growth 01-Jul-19 1500 11 SBI Magnum MidCap Regular Fund Growth 01-Jul-19 1000 12 ICICI Prudential Bluechip Direct Fund Growth 01-Jul-19 1000 13 HDFC Top 100 Fund Growth 27-Oct-19 1000 14 HDFC Hybrid Equity Fund Growth 27-Oct-19 1000 15 Axis Midcap Fund Direct Plan Growth 16-Dec-20 1000 16 Canara Robeco Equity Hybrid Fund Direct Plan Growth 17-Dec-20 1000 17 SBI Magnum Global Fund Direct Growth 17-Apr-21 1000 18 HDFC Flexi Cap Fund Direct Plan-Growth 17-Apr-21 1000 19 Motilal Oswal Focused 25 Direct Growth 17-Apr-21 1000 20 HDFC Flexi Cap Fund -Direct Plan - Growth Option 17-Apr-21 1000 21 SBI Flexicap Fund Direct Growth 17-Apr-21 1000 22 Motilal Oswal Flexi Cap Fund Direct Plan Growth 24-Jun-21 1000 23 Tata Quant Fund Direct Fund 30-Jun-21 500 24 Aditya Birla Sun Life India Gennext Fund Direct Plan Growth 01-Jul-21 1000 25 ICICI Prudential FlexiCap Fund Direct Growth 05-Jul-21 500 26 Mirae Asset Large Cap Fund Direct Plan Growth 01-Sep-21 1000 27 IDFC Corporate Bond Fund Direct Plan Growth 22-Sep-21 1000 28 ICICI Prudential NASDAQ 100 Index Fund Direct 27-Oct-21 1000 29 HDFC Corporate Bond Fund -Direct Plan - Growth Option 09-Dec-21 1000 30 Aditya Birla Sun Life Corporate Bond Fund Direct Plan Growth 09-Dec-21 1000 31 TATA Digital India Fund Direct Growth 25-Dec-21 1000 32 Parag Parikh Flexi Cap Direct Growth 25-Dec-21 1000 33 Kotak Gilt-Investment Fund Provident Fund and Trust-Growth Direct 28-Dec-21 1000

Ans: The funds that can be continued are 15, 16, 26, 27, 28, 29, 30, 32 and 33; 27, 29, 30, and 33 being debt funds and 15, 16, 28 and 32 being equity funds.

Ramalingam Kalirajan |7027 Answers |Ask -Follow

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

Asked by Anonymous - Apr 14, 2024Hindi

Money

Sir, I have both Mirae asset Large and Mid cap fund with sip + Mirae asset Large cap fund (sip stopped) in my fortfilio since 5 years which I feel 60% overlaping. Can I make STP from Mirae asset large cap fund to Mirae asset large and Mid cap fund. So that I can make one fund for 10 years period.

Ans: It's commendable that you're actively managing your portfolio and considering strategies to streamline your investments. Reflecting on potential overlap between funds shows a thoughtful approach to optimizing your portfolio's effectiveness. Consolidating your holdings through STP from Mirae Asset Large Cap Fund to Mirae Asset Large and Mid Cap Fund could simplify your investment strategy and potentially enhance portfolio efficiency.

Remember, the key to successful investing lies in balance and adaptability. By fine-tuning your portfolio to align with your long-term goals, you're taking a proactive step towards financial well-being. However, before proceeding with any changes, it's advisable to consult with a Certified Financial Planner. Their expertise can provide valuable insights and ensure your investment decisions remain in line with your overall financial plan. Trust in your journey and embrace the opportunity for growth and refinement along the way.

Ramalingam Kalirajan |7027 Answers |Ask -Follow

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

Question by Mukesh - May 01, 2024Hindi

Money

My Mutual Funds have grown by 30L. Should I withdraw the growth and buy Units of same or different fund for increasing my base? Is this a wise strategy?

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.

Latest Questions

Ramalingam Kalirajan |7027 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Money

Dear Sir, Please guide that if I deposit some additional funds (over and above my monthly deduction & deposition by Company in NPS as employee contribution) in Tier-1 in my NPS, then whether on maturity of NPS, the 60 % payout to employee (here-in myself) will have any Income Tax implications on the maturity value of this additional funds deposited OR whether there will be Nil Income Tax implications on same. Please guide.

Ans: When your National Pension System (NPS) Tier-1 account matures, the 60% lump-sum withdrawal you receive is currently exempt from income tax under Section 10(12A) of the Income Tax Act, irrespective of any additional voluntary contributions you make. Therefore, both your regular and additional voluntary deposits in NPS Tier-1 enjoy the same tax benefits upon maturity, with no tax implications on the 60% lump-sum payout. However, the remaining 40% directed towards annuity purchase is subject to tax as per your income tax slab when you receive the annuity payments.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Respeted sir, I am a post graduate in computer science, aged 42 yrs,married trying to get a job preferably in IT as i have working experience of about 5 years.i had discontinued my job due to compelling family situations to take care of children. I am not getting any favorable response from any IT companies due to break iny carrer. Now i desperately need a job and still the hunt is going on. Kindly suggest and guide me to get a job as i am struggling to meet my commitments now. Your valuable help in this regard will be highly helpful. Thank you

Ans: Dear, the main problem is the discontinuation in your career and IT is an ever-changing field. It is not like Civil or Mechanical. Now it is an era of AI and Machine Learning. So I would suggest you to go for a good certification course of Data Science along with AI and Machine Learning from some good institute which is having collaboration with some reputed IIT. I am sure if your knowledge is upto the mark and matches with the need of the present day then certainly you will get a job. If you are not familiar with coding then please practise coding by seeing the videos in YOU TUBE for two months before joining the certificate course. Please follow me. Best of luck. MAY GOD BLESS YOU. Professor...............:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

What are scope of btech biotech in india and abroad if someone want to do Masters abroad like Australia canada u.k or u.s what with be the expenses and procedure, is it a good fiekd to choose over Mbbs

Ans: After B.Tech Biotechnology never go for MBBS. It will be a huge wastage of time and only with MBBS without specialization truly you can't earn much in present day. For doing Masters from Foreign country I would suggest only USA. The procedure is very simple. You need to have four things i) An excellent GRE Score ii) A good TOEFL Score 111) Three good recommendations from your professors iv) A good SOP (Statement of Purpose). But the cash support required will be 80 lakhs to 1 crore. Because now a days in MS fundings are generally not available. Best of luck. MAY GOD BLESS YOU. Professor.....................:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Confused about future what to do after msc biotechnology so I can earn decant amount?

Ans: You can go for teaching, but for teaching if you go for Ph.D it will be better. If the financial condition permits you can go for Ph.D from USA. You need to have four things i) An excellent GRE Score ii) A good TOEFL Score 111) Three good recommendations from your professors iv) A good SOP (Statement of Purpose). Ph.D comes with full funding, still you need to have 30-40 lakhs rupees cash ready for the initial expenses and first two semesters, if you don't get funding from day one. But generally Ph.D students get funding from starting. But if you go for MS then points number 1 to 4 will be same, but the cash support required will be 80 lakhs to 1 crore. Because in MS now a days financial supports are generally not received. If you can't afford study from USA then in India you can do MBA from a good B- School and join some corporate. But if you don't want to change the core sector then go for Ph.D in India, but Ph.D is a journey of 4 to 6 years. Once Ph.D is done college teaching will be a good opportunity for you. Be in touch with me and follow me. All the best. MAY GOD BLESS YOU. Professor............:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Question by Vikas - Nov 14, 2024Hindi

Career

Mene pahle 12bio se ki hai me jee exam de sakta hu

Ans: Your question is not clear to me. Please write in an elaborate way.Professor

Dr Shyam Jamalabad |78 Answers |Ask -Follow

Dentist - Answered on Nov 14, 2024

Question by Donna - Jun 25, 2024Hindi

Health

Dr. Shyam, I had my teeth cleaned 6 months ago and after that was done I saw discoloration on certain teeth that wasn't there before. Years ago I had my teeth cleaned and one particular tooth after the cleaning was sensitive to touch. I had a crown put in from two different dental offices. The first one did the crown right, but was trying to charge me $3,500 more than the agreement they made with Medicare. Medicare corrected that. I other dentist did a crown and it didn't go all the way up to my gums and is sensitive to especially cold things. I'm not having very good experiences with dentist by and large. Can't find an honest one or one that can actually do the job right. I feel being on Medicare your a target to bring in money. Not sure what to do next. Supposed to go back and have them redo the crown that didn't go to my gums, but it also was ttd place to didn't clean my teeth right and discolored some of them. Any suggestions on how to trust there is actually an capable and honest dentist out there who can perform properly?

Ans: Identifying a capable and honest dentist is crucial for your oral health and well-being. Here are some tips to help you find one:

1. Ask for referrals: Ask friends, family, or coworkers for recommendations. They can provide valuable insights into a dentist's work quality and bedside manner.

2. Check credentials: Ensure the dentist has the necessary qualifications, certifications, and licenses. You can verify this information with your state's dental board or professional organizations like the American Dental Association (ADA).

3. Check online reviews: Look up the dentist on review platforms. Pay attention to the overall rating and read the comments to understand the strengths and weaknesses. At the same time, do not rely on reviews alone as these can be manipulated, fake reviews can be easily generated.

4. Evaluate their communication style: A good dentist should listen to your concerns, explain procedures clearly, and answer questions patiently. Ensure you feel comfortable asking questions and discussing your treatment.

5. Assess their facility and equipment: A well-organized and modern dental office with up-to-date equipment is a good sign.

6. Check their approach to preventive care: A capable dentist emphasizes preventive care, including regular cleanings, exams, and education on oral hygiene.

7. Be wary of over-treatment: A honest dentist will not recommend unnecessary procedures. Be cautious if you feel pressured into extensive treatments.

8. Trust your instincts: If something feels off or you don't click with the dentist, it's okay to explore other options.

10. Schedule a consultation: Many dentists offer initial consultations or meet-and-greets. Use this opportunity to assess their approach, ask questions, and gauge your comfort level.

By following these steps, you can increase your chances of finding a capable and honest dentist who prioritizes your oral health and well-being.

Dr Shyam Jamalabad |78 Answers |Ask -Follow

Dentist - Answered on Nov 14, 2024

Asked by Anonymous - Nov 10, 2024Hindi

Health

I have gum inflammation from teenage years now am in 30s it bleeds rarely but swelling doesn't reduce though from many years am waiting for it to come to normal...

Ans: Hello
You have not mentioned whether you have consulted a dentist for your gum inflammation and were treated in the past for the same.
The most common cause for gum inflammation is poor oral hygiene. Inadequate or improper brushing can lead to accumulation of tartar or calculus which in turn leads to gum inflammation. This tartar or calculus has to be cleaned (the process is called scaling) periodically by a qualified dentist in order to maintain gum health. The recommended frequency can be determined by your dentist after periodic check ups.
If you have gum inflammation despite regular check ups and cleaning, other factors could be responsible.
Certain medicines which need to be taken on a regular basis are known to cause swelling of the gums. Hormonal imbalances can also affect the gums. To rule out these extra-oral factors, your medical history and medication will have to evaluated and adjusted by a General Physician.

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Question by Sachith - Nov 14, 2024Hindi

Career

I've completed my BSc in Chemistry and Biotechnology and am now contemplating my master's degree options. I'm torn between MCA (Master of Computer Applications) and MSc Bioinformatics. Considering my life science background, I'm unsure if pursuing MCA would limit my job prospects and i don't know much about Msc bioinformatics So what to do now?

Ans: Go for MCA or Msc bioinformatics. Take prper decision. Ask yourself whether you want to be in the core line or you want to shift to IT side. If IT side then even MCA will not be enough. It's an age of AI. So you need to go for a good certificate course which is having collaboration with some reputed IIT. So please decide with a calm and cool mind then proceed. In your country before going for a three years course we don't even think for three hours. DECISION DECIDES DESTINY. So take proper decision. I am always there for you. Best of luck. MAY GOD BLESS YOU. Professor..............:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Question by Alak - Nov 14, 2024Hindi

Career

Hi, sir, My daughter is doing degree in political science in Delhi University,and she does not want to continue masters in pol. sc. so, what are the other options available for her after degree ,if she does not want to do masters in pol sc.

Ans: She can do MBA or she can prepare for UPSC or the state General PSC job for going to admin type job. Best of luck to your daughter. MAY GOD BLESS HER. Professor...................:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

I am 45 year's old high school physics teacher with M.Sc in Physics and having M.Tech degree in safety, also having 18yrs teaching and four year of industry experience, now if I complete online B.Sc in AI and DS from IIT Guwahati, and try to do research in AI or quantum computing ,can I switch over in this age or I can get research opportunities

Ans: Frankly speaking research work means pursuing Ph.D or joining some company of AI, ML and DS in their R&D division. Along with job Ph.D you can't do, but certainly after the certificate course of IIT Guwahati you will have access to the R&D of the companies who deal with DS, AI and ML. Only your huge teaching experience is a negative factor. Still I would suggest you to go for the certificate course and try for R&D job. Best of Luck. MAY GOD BLESS YOU. Professor.....................:)

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