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Ramalingam

Ramalingam Kalirajan  |8077 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 16, 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 - May 12, 2024Hindi
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I want 20 lakh lumpsum in sip

Ans: As a Certified Financial Planner, I commend your ambition to accumulate a lump sum of 20 lakhs through Systematic Investment Plans (SIPs). Let’s outline a strategic approach to achieve this goal efficiently.

Setting Realistic Expectations
Generating a lump sum of 20 lakhs through SIPs requires consistent investment over a defined period, coupled with disciplined savings habits. It's essential to understand that wealth accumulation takes time and patience.

Calculating SIP Amount and Duration
To reach your target, we need to determine the monthly SIP amount and duration based on your risk appetite and investment horizon. Considering your age and the time frame of two years, we'll need to adopt an aggressive approach while maintaining a balanced risk profile.

Selecting Suitable Funds
Given the relatively short investment horizon, opting for equity mutual funds with a proven track record of delivering consistent returns is imperative. Actively managed funds, guided by experienced fund managers, can capitalize on market opportunities and navigate volatility effectively.

Regular Funds Managed by CFP Certified MFDs: A Wise Choice
Investing through Mutual Fund Distributors (MFDs) with Certified Financial Planner (CFP) credentials ensures personalized guidance and assistance throughout your investment journey. Regular funds offer the advantage of professional advice, portfolio monitoring, and timely adjustments, enhancing the potential for wealth creation.

Monitoring and Adjusting
Regularly monitoring your SIPs' performance and making necessary adjustments based on market conditions and your financial goals is essential. Stay informed about economic developments and fund performance to make informed decisions.

Conclusion
Embarking on a SIP journey with the goal of accumulating a lump sum of 20 lakhs demands discipline, patience, and a well-thought-out investment strategy. By selecting suitable funds, seeking professional guidance, and staying committed to your financial objectives, you can inch closer to realizing your wealth accumulation goal.

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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Ramalingam

Ramalingam Kalirajan  |8077 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 20, 2024

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I am Shibu, 52 years old, earns 35,000-00 per month [Private Sector], I wish to contribute an lumpsum amount of Rs. 10,00,000-00 at the end of 60 years old. its for my retiring life, I have no pension option and get Provident Fund minimum pension. kindly suggest which funds for using this acheivement through SIP
Ans: Given your goal to contribute a lump sum of Rs. 10,00,000 at age 60 for retirement, you have approximately 8 years to accumulate this amount.

Here's a suggested approach:

Investment Strategy:
Opt for diversified equity funds with a track record of consistent performance.
Consider a mix of large-cap, mid-cap, and multi-cap funds to spread the risk.
SIP Amount:
To achieve Rs. 10,00,000 in 8 years, you'll need an SIP amount that grows at an annual rate of around 15% (assuming average market returns).
Risk Tolerance:
Since retirement is your goal, it's essential to understand and be comfortable with the risk associated with equity investments. Ensure your investment aligns with your risk tolerance.
Regular Monitoring:
Review your portfolio regularly to track progress towards your goal. Adjust your SIP amount or portfolio if needed.
Tax Efficiency:
Opt for Equity Linked Savings Schemes (ELSS) to avail tax benefits under Section 80C, which can be an added advantage.
Remember, while equity investments have potential for higher returns, they also come with market risks. It's crucial to have a balanced portfolio and consult a financial advisor to tailor a plan that suits your needs and risk profile.

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Ramalingam Kalirajan  |8077 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Sir i want to start a sip for 5k please suggest an sip for a long term investment. Current sip amount is 1k in hdfc mid cap opp. My age is 20
Ans: It's great to see your interest in starting a SIP at such a young age! Since you're already investing in HDFC Mid Cap Opportunities Fund, let's explore some other SIP options for long-term investment:

Large Cap Funds: Consider investing in large-cap funds, which typically invest in well-established companies with a proven track record. These funds offer stability and steady growth potential over the long term. Look for funds with a consistent performance history and a focus on quality stocks.
Multi-Cap Funds: Multi-cap funds invest across companies of different sizes, offering diversification and flexibility. These funds have the freedom to shift between large-cap, mid-cap, and small-cap stocks based on market conditions. Choose a fund with a seasoned fund manager and a disciplined investment approach.
Index Funds: Index funds replicate the performance of a specific market index, such as the Nifty 50 or Sensex. These funds have lower expense ratios and provide broad market exposure. Investing in index funds can be a cost-effective way to participate in the equity markets over the long term.
Balanced Advantage Funds: Balanced advantage funds dynamically allocate between equity and debt based on market valuations. These funds aim to provide stable returns with lower volatility. Consider investing in a balanced advantage fund for a balanced risk-return profile.
Global Funds: Global funds invest in international equities, providing exposure to global markets and diversification beyond domestic stocks. These funds offer the opportunity to benefit from global economic growth and innovation. Choose a global fund with a focus on quality companies and strong fundamentals.
Before selecting a SIP, assess your risk tolerance, investment goals, and time horizon. Consult with a Certified Financial Planner or investment advisor to choose a SIP that aligns with your financial objectives and risk profile. By starting early and investing consistently, you're laying the foundation for long-term wealth creation and financial security. Keep up the good work, and best of luck with your investment journey!

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Archana Deshpande  |103 Answers  |Ask -

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Hi Mam, Hope you are doing well. I am very worried about my son who is now 12.5 years old and studying in 7th standard in a very reputed school. Since childhood, he has no interest in studies, unless we doesn't seat in front of him, he doesn't study. Every teacher from his kindergarten days upto now has the same complaint that he is doesn't pay attention in class and the result is he doesn't get good marks in the exam. When we scold him for studies, he does it for that particular time only and then get back to his non-interest mode again and start to run from studies. He will play video games, goes to play around with his friends, he will find some or the other reason for not doing studies or homework. The irony is that he is not interested in any sports or any other kind of activities. In every summer holidays, we make him to join some sports or music classes, but there also he doesn't show interest and do things just for the sake of showing. From last year, we have started sending him to tuitions also, but no change in attitude. This year we have found a teacher of his reputed school who is retired and taking tuitions, we are sending him to her and she is charging a big amount for tuitions. please guide how can we change his attitude and make him more serious in any activity he does as he doesn't have interest in anything (we have observed doing everything we can).
Ans: Hello Sunil!!

I am doing great, thank you for asking, God bless you!

I can totally understand when you say you are worried.

Your son is 12.5, he will soon be a teenager. There will be different challenges, I want you to read up on parenting a teenager and be ready to handle him well.

The problem as I see it is that everyone of you, his teachers included have made studies like a burden for him.... and subjected the young child to a lot of anxiety, he just wants to run away form it....
"Every teacher from his kindergarten days upto now has the same complaint that he is doesn't pay attention in class".... this statement of yours... it is the teacher's duty to ensure the child listens to him/her, how can she start labeling a child like this. From a young age your son has been conditioned to believe that he is not not good in studies, he doesn't focus and he doesn't sit in one place. All my sympathies are with your son...every child comes with immense potential and it's our duty as parents and teachers to nurture the child.

The following is what I propose so that we bring him back to loving to learn ( not score marks, that should never be the barometer)-
1. Love your child the way he is now
2. Give him lot of positive strokes
3. Have one on one sessions for any activity you plan for him... let him choose the activity, empower him
4. choose a teacher, who can get along with him and help him develop a positive attitude towards studies and life in general
5. look for a school where they nurture him... not just a reputed one...less number of students and a teacher who is invested in her/ his students,

If you can connect with me, I can help him. Have had many a students in this kind situation.
This is my website..
https://transformme.co.in/

Loads of best wishes to the whole family..

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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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