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27 Year Old Earning 1 Lakh Monthly: Seeking Mutual Fund Advice

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 16, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Oct 16, 2024Hindi
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Hi Sir, Iam 27 years old having salary of 1L per month. I started SIPs in these mutual funds 1. Canara Robeco bluechip-2500/- 2.nippon India small cap- 1500/- 3.invesco India mid cap-1500/- 4. Parag Parikh Flexi -2500/- Are these all funds are good or not and please recommend further good performing funds to add.

Ans: Hello;

Good to see your enthusiasm and commitment to disciplined investing at an early age.

You may replace your midcap fund with Sundaram Mid Cap fund.

Also you may make some allocation to Tata Digital fund and Mirae Asset Great Consumer Fund (thematic funds).

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
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  |9705 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 04, 2024

Asked by Anonymous - Jan 03, 2024Hindi
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Hi I am 37 years ole and investing in the following mutual funds via monthly SIP's for the past 2 years 1. Aditya Birla Sun Life Digital India Fund (1.5k) 2. Bandhan Tax Advantage ELSS Fund (1k) 3. Canara Robeco ELSS Tax Saver (1k) 4. DSP ELSS Tax Saver Fund (1k) 5. ICICI Prudential Technology Fund (2k) 6. Mirae Asset ELSS Tax Saver Fund (2k) 7. Nippon India Small Cap Fund (1.5k) Please suggest if all these funds are good to continue in the future. Additionally, I plan to increase the monthly SIP by another 5k per month from January 2024. Let me know if Parag Parikh Flexi Cap and Quant Small Cap are good options, or should I continue to invest more in the existing funds?
Ans: It's great to see that you're investing regularly in mutual funds for your future financial goals. Here are some insights and suggestions regarding your current investments and future plans:

Review Existing Investments: It's essential to periodically review the performance of your current mutual fund investments to ensure they are aligned with your financial goals and risk tolerance. Evaluate factors such as fund performance, expense ratios, fund manager track record, and portfolio diversification.

ELSS Funds: ELSS (Equity Linked Savings Scheme) funds offer tax benefits under Section 80C of the Income Tax Act, along with the potential for long-term capital appreciation. Since you're investing in multiple ELSS funds, ensure that they have a consistent track record of performance and are managed by experienced fund managers.

Sectoral Funds: Funds like Aditya Birla Sun Life Digital India Fund and ICICI Prudential Technology Fund invest in specific sectors (digital/technology). While these funds can offer high growth potential, they also carry higher risk due to sector-specific volatility. Make sure to monitor these funds closely and be prepared for fluctuations in returns.

Small Cap Fund: Nippon India Small Cap Fund invests in small-cap stocks, which have the potential for high returns but are also more volatile. Given the risk associated with small-cap funds, ensure that they align with your risk appetite and investment horizon.

Future SIP Increase: Increasing your SIP amount is a prudent move to accelerate wealth accumulation over time. Before adding new funds or increasing existing SIP amounts, assess your overall portfolio diversification and risk exposure.

New Fund Consideration: Parag Parikh Flexi Cap Fund is known for its diversified investment approach across different market caps and sectors, making it suitable for long-term wealth creation. Quant Small Cap Fund focuses on small-cap stocks and can complement your existing small-cap allocation.

Asset Allocation: Ensure that your overall portfolio is well-diversified across different asset classes, such as large-cap, mid-cap, small-cap, and flexi-cap funds, to mitigate risk and optimize returns.

Professional Advice: Consider seeking advice from a certified financial planner or investment advisor who can provide personalized recommendations based on your financial goals, risk profile, and investment horizon.

In summary, while your current investments appear diversified, it's essential to monitor their performance regularly and make adjustments as needed. Increasing your SIP amount and considering additional funds like Parag Parikh Flexi Cap and Quant Small Cap can enhance diversification and potentially improve long-term returns. However, ensure that any new additions align with your investment objectives and risk tolerance.

..Read more

Ramalingam

Ramalingam Kalirajan  |9705 Answers  |Ask -

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

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I am 43 years old and a salaried person. Started in SIP in 2018. Kindly suggest about the funds. Following are my current mutual fund investments: 1) Franklin India Prima fund Rs.1000 2) Invesco India Contra Fund Rs.6000 3) Kotak flexicap fund Rs.4000 4) Mirae Large & midcap fund Rs.2000 5) Axis Bluchip fund 3500 6) Sbi Banking & financial service fund Rs.3500 7) Axis Small cap fund Rs.5000. All i have monthly SIP. please suggest me if any changes require.
Ans: It's great to see that you've started investing in mutual funds through SIPs. Here are some suggestions regarding your current mutual fund investments:

• Diversification: You have a good mix of funds across various categories, which is essential for diversification. It's important to spread your investments across different sectors and market capitalizations to reduce risk.

• Review Performance: Periodically review the performance of your funds to ensure they are meeting your expectations and performing in line with their peers and benchmarks.

• Consider Your Goals: Reflect on your financial goals, risk tolerance, and investment horizon to determine if your current funds align with your objectives. If you have specific goals such as retirement planning or wealth accumulation, consider adjusting your portfolio accordingly.

• Evaluate Fund Managers: Assess the track record and expertise of the fund managers managing your investments. Look for consistency in performance and a clear investment strategy aligned with your goals.

• Stay Informed: Keep yourself updated with market trends, economic developments, and changes in regulations that may impact your investments. Stay connected with your financial advisor or conduct your research to make informed decisions.

• Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) or a qualified financial advisor to get personalized advice based on your financial situation and goals. They can provide valuable insights and recommendations tailored to your needs.

Overall, while your current mutual fund portfolio appears well-diversified, it's essential to periodically review and adjust your investments based on changes in your financial situation and market conditions. By staying disciplined and informed, you can work towards achieving your financial goals effectively.

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Career Counsellor - Answered on Jul 12, 2025

Asked by Anonymous - Jul 12, 2025Hindi
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Sir please advise me for bba it program from sicsr pune or bcom from du off campus or BBA from ilm ,gl bajaj
Ans: Evaluating these three academic options reveals distinct advantages based on institutional strengths and program focus. SICSR Pune's BBA IT program, ranked 12th nationally by India Today 2024 and part of Symbiosis International's Institute of Eminence framework, features NAAC A++ accreditation, strong industry partnerships with Amazon, IBM, Persistent Systems, TCS, and Deloitte, advanced computing and networking laboratories, and a dedicated placement cell achieving 80-90% branch-wise placement consistency over three years with an average package of ?7.12 LPA. The program requires ?8.72 lakh in total fees over four years with mandatory SET entrance and offers experiential learning through internships and live projects. Delhi University's BCom off-campus program through constituent colleges like Deen Dayal Upadhyaya College provides NAAC A+ accreditation, affordable fees ranging from ?10,000 to 30,000 annually, 60-70% placement consistency with median packages of ?4.5-5.5 LPA, access to prestigious DU alumni networks, and recruitment by established firms including KPMG, Deloitte, EY, and PWC. However, students must secure admission through competitive CUET scores for off-campus colleges. GL Bajaj's BBA program in Greater Noida boasts AICTE approval, NAAC A+ accreditation, total fees of ?2.86 lakh for three years, a 95% placement rate with the highest packages reaching ?12 LPA, modern infrastructure with well-equipped labs, and recruitment by companies like TCS, Infosys, HCL, Genpact, and Capgemini.

recommendation Given the superior brand recognition, comprehensive IT-focused curriculum, stronger industry connections, and higher placement packages, prioritize SICSR Pune's BBA IT program despite higher fees; alternatively, consider DU BCom off-campus for its prestigious legacy and cost-effectiveness if budget constraints exist, with GL Bajaj BBA serving as a valuable option for balanced fees and solid placement support. All the BEST for Admission & a Prosperous Future!

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Ramalingam

Ramalingam Kalirajan  |9705 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 12, 2025

Asked by Anonymous - Jul 12, 2025Hindi
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Hi My monthly in hand salary is 84k My loans emi are more than 70 k What to do
Ans: ? Understand the seriousness of your EMI burden
– Your EMI is more than Rs.70,000.
– Your take-home is Rs.84,000.
– This means more than 80% goes in repaying loans.
– This is a very high debt-to-income ratio.
– It leaves very little for your monthly needs.
– Saving and investing becomes almost impossible.
– This can affect your peace of mind and stability.

? Start with identifying the types of loans
– List all loans with EMI and balance.
– Note the interest rate and tenure for each.
– This includes personal loans, credit card dues, car loans, etc.
– Check which loan has the highest interest rate.
– This step gives full clarity on your debt structure.

? Avoid any new loans or expenses for now
– Don’t take more loans to handle current EMIs.
– That will only increase your burden.
– Avoid using credit cards for EMI or cash withdrawal.
– Stop or pause any high-cost spending.
– No gadgets, no travel, no luxury expenses.

? Build a basic household budget immediately
– Track every rupee of your monthly spending.
– Separate must-have expenses from avoidable ones.
– Rent, groceries, medicines, utilities – keep these.
– Remove online shopping, OTT, dining out, weekend trips.
– Live very simple for the next 12–18 months.

? Find options to reduce your EMI load
– Try negotiating lower interest rate with lender.
– Use balance transfer to reduce EMI.
– Banks give lower rate for good credit scores.
– Extend loan tenure to lower monthly EMI.
– This increases total interest, but gives relief now.

? Try part-prepayment of small loans
– If any loan has low balance, try prepaying it.
– Use bonus, PF loan, family support if needed.
– Start with highest interest loan.
– That will save more in long run.

? Explore debt consolidation with proper advice
– Sometimes combining loans into one can help.
– But only do this if interest rate is lower.
– You must study terms carefully.
– Don’t go for informal lenders or apps.
– Only use regulated NBFCs or banks.

? Emergency fund is missing – create it gradually
– With such tight cash flow, emergency fund is vital.
– You can’t handle job loss without it.
– Aim for Rs.25,000 to Rs.50,000 first.
– Slowly grow it to 3 months of EMI and needs.
– Park it in safe liquid instruments.

? Investment should be paused temporarily
– Right now your focus is loan reduction.
– Investments can wait for 6–12 months.
– Clear debt and build stability first.
– Later, you can invest for goals.

? Avoid insurance-linked investments
– If you hold any ULIP, endowment or money-back plans, exit now.
– These give poor returns and have high charges.
– They reduce your liquidity and flexibility.
– Shift to pure term plan for protection.
– Invest separately in mutual funds later.

? Surrender and re-invest policies if applicable
– If you have LIC or similar policy, review it.
– If it is not term insurance, check surrender value.
– Exit non-performing plans and reinvest in mutual funds.
– Mutual funds are flexible and goal-based.

? Resume investments once cash flow improves
– Start small SIPs only when your EMI is manageable.
– Use actively managed mutual funds for better returns.
– Index funds look cheap, but have limits.
– Index funds don’t beat the market.
– Active funds try to give better than average return.

? Why index funds are not suitable for your case
– Index funds follow market blindly.
– They do not adjust based on risk or time horizon.
– They may underperform during crashes.
– You need customised growth, not average returns.
– Active funds managed by experts offer more.

? Mutual fund route – regular plan with MFD and CFP
– Don’t go for direct funds on your own.
– Direct funds give no hand-holding or guidance.
– Choosing wrong fund can cause loss.
– MFD + CFP can guide based on your goals.
– They help monitor and rebalance regularly.

? Focus on income stability and skill improvement
– Parallel to loan control, work on job stability.
– Upgrade skills in your domain.
– Learn tools, certifications or soft skills.
– Job loss or salary cut can worsen your loan problem.
– Keep improving yourself every 6 months.

? Plan for goals once loans are under control
– After 1–2 years, plan for these goals:
– Emergency fund
– Child education
– Retirement
– Home down payment (only if within budget)
– Prioritise retirement even if child is small.
– Don’t depend on property or pension in future.

? Always protect your family with insurance
– Term insurance is needed if you have dependents.
– Rs.50L to Rs.1Cr cover is ideal.
– Premium is low and benefit is high.
– Also, get health insurance for entire family.
– Don’t rely on company medical policy alone.

? Don't panic or lose confidence
– Many people face such debt situations.
– It’s a phase, not the end.
– Proper budgeting and planning can solve it.
– Stay disciplined and committed.
– One year of effort can change everything.

? Create a 3-step action plan from today
– Step 1: Review all EMIs and spending.
– Step 2: Try restructuring or partial prepayment.
– Step 3: Build emergency fund and resume SIP later.

? Stay away from high-risk or quick return plans
– Avoid crypto, trading, Ponzi apps or get-rich schemes.
– You can’t solve debt through speculation.
– Safety and liquidity matter more now.

? Keep reviewing your plan every 3 months
– Sit with a Certified Financial Planner regularly.
– Share updates and revise your goals.
– Consistency in execution is more important than speed.
– Financial freedom takes time but is possible.

? Finally
– Focus now is on survival and regaining balance.
– Once done, you can restart your investment journey.
– With planning and patience, you can still build wealth.
– You already took the first step by asking.
– Take action now, even if small.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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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