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Ulhas

Ulhas Joshi  |279 Answers  |Ask -

Mutual Fund Expert - Answered on Sep 17, 2024

With over 16 years of experience in the mutual fund industry, Ulhas Joshi has helped numerous clients choose the right funds and create wealth.
Prior to joining RankMF as CEO, he was vice president (sales) at IDBI Asset Management Ltd.
Joshi holds an MBA in marketing from Barkatullah University, Bhopal.... more
Asked by Anonymous - Sep 16, 2024Hindi
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Is it good to invest in only 1 mutual fund instead of 2 funds I am saving monthly 1 lakh from my salary please advise

Ans: Hello and thanks for writing to me.

I am assuming you are investing with a goal for long term wealth creation and are fine with the volatility associated with equity. In such a case, you can consider investing in 2 funds, a multicap fund and a flexicap fund. A multi cap fund will ensure you have exposure to companies across market capitalizations while a flexicap fund can move across market capitalizations.

Do note that I am recommending the fund type without any other information about your objective or risk appetite. If you give me other details, I may recommend other type of schemes.
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  |7100 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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Hello sir I am 24 years old. My monthly income is 18000. And I have a two ULIP PLAN in Bajaj Allianz and HDFC sampurna nivesh with monthly 3000 of both. I want to invest more 500 per month in Mutual fund, Is it better to invest?
Ans: it's commendable that you're considering additional investments at such a young age. Let's delve into your options:

Disadvantages of ULIPs: ULIPs, or Unit Linked Insurance Plans, often come bundled with high charges, including premium allocation charges, policy administration charges, and fund management charges. These charges can significantly reduce the returns on your investment over the long term. Additionally, ULIPs typically offer limited flexibility in terms of fund choices and lock-in periods, restricting your ability to adapt to changing financial goals or market conditions.
Advantages of Mutual Funds: Mutual funds offer several advantages over ULIPs. They provide greater transparency regarding charges, allowing you to understand the costs associated with your investment. Moreover, mutual funds offer a wide range of investment options across asset classes, such as equity, debt, and hybrid funds, catering to various risk appetites and investment objectives. Mutual funds also offer flexibility, enabling you to adjust your investment strategy as needed without incurring significant penalties.
Considering your age and income level, investing an additional 500 rupees per month in mutual funds would be a prudent decision. It allows you to benefit from the power of compounding over the long term and diversify your investment portfolio beyond ULIPs. You can choose mutual fund schemes based on your risk tolerance, investment horizon, and financial goals, ensuring a more customized approach to wealth creation.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner
www.HolisticInvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7100 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 31, 2024

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Iam 59 yrs old and I invested two laks Rs in 12 mfs of different fund houses of large, small, large&mid cap funds also thematic funds. Is it correct option to invest in more no of funds. Can you suggest me pl.
Ans: You are 59 years old and have invested Rs. 2 lakhs across 12 mutual funds. These funds are diversified across large-cap, small-cap, large & mid-cap, and thematic funds. While diversification is important, over-diversification can lead to a scattered portfolio that is difficult to manage and may not yield optimal returns.

Evaluating the Number of Funds
Investing in too many funds can dilute the benefits of diversification and make it harder to track performance.

Over-Diversification: Holding 12 mutual funds, especially with a relatively small corpus of Rs. 2 lakhs, might not be the most efficient strategy. Each fund may have overlapping stocks, reducing the overall diversification benefit.

Concentration Risk: By spreading your investment across too many funds, you may be inadvertently increasing your risk if these funds are not carefully selected to complement each other.

Simplifying Your Portfolio
A well-structured portfolio typically has a few carefully chosen funds that cover different segments of the market. Here’s how you can simplify:

Consolidate Funds: Consider reducing the number of funds. A portfolio with 3-5 funds can provide sufficient diversification without being overly complex.

Focus on Core Funds: Choose funds that have a strong track record and align with your risk tolerance and financial goals. Large-cap and large & mid-cap funds can form the core of your portfolio, providing stability and growth.

Thematic Funds: These can be a good addition but should be limited to a small portion of your portfolio due to their higher risk. Ensure they align with your long-term goals.

Rebalancing and Portfolio Review
At 59 years old, your investment strategy should also consider the proximity to retirement. It’s important to balance growth with safety.

Review Asset Allocation: Ensure your portfolio is aligned with your retirement goals. This might mean increasing your allocation to debt or hybrid funds to reduce risk.

Regular Monitoring: Keep an eye on the performance of your remaining funds. Periodic reviews will help you make informed decisions about rebalancing or further consolidation.

Final Insights
While diversification is crucial, over-diversification can lead to a diluted and hard-to-manage portfolio. Simplifying your investment by consolidating into a few well-chosen funds can provide better returns and easier management. As you approach retirement, ensure your portfolio is balanced to provide both growth and safety, aligning with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Milind

Milind Vadjikar  |680 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 30, 2024

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Hi Myself Sanjeev Kumar from Himachal Pradesh, I am in mutual funds from last 3 years on below mutual funds 1. Aditya birla multicap fund (regular growth) ---- Rs 1000 monthly 2. Invesco India flexi Cap fund (Plan growth) ------ Rs 1000 monthly 3. Invesco India Multicap fund (regular growth) ---- Rs 1000 monthly 4. Kotak multicap fund (regular) ------------------------- Rs 1000 monthly 5. Kotak emerging equity fund (growth) --------------- Rs 1000 monthly 6. Kotak ELSS tax saver fund ------------------------------- Rs 500 monthly 7. Union tax saver fund (ELSS) ---------------------------- Rs 1500 monthly 8. Bandhan Nifty 200 momentum 30 index fund (regular plan) --- Rs 1000 monthly (started a month ago) Apart from above, I am investing in below also 1. PPF ---------------- 1.5 lac annually 2. NPD ---------------- 0.5 lac annually 3. LIC ----------------- 0.5 lac annually Si/mam i want to ask is my portifoilio good enough to produce at least 60- 70 lakhs in next 10-12 years returns or some reshuffling is required. If yes kindly suggest some good funds. Hoping to hear from you soon Thanks
Ans: Hello;

Your mutual fund monthly sip of 8 K need to be increased to 10 K ( maybe you can add 2 K additional investment in Kotak ELSS tax saver fund).

PPF and other investment should continue as planned.

This will ensure your MF corpus + PPF will reach 60 L+ in value over 12 years.

LIC policy maturity sum and NPD will be bonus.

Funds are good. No need to change.

Happy Investing;

..Read more

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Anu

Anu Krishna  |1321 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2024

Asked by Anonymous - Jul 28, 2024Hindi
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Hi sir, I am 40 yr old having work-expereince of 10 yrs behind me in ITes, customer support & service, banking and sales & marketing (product). My life till now can easily be converted into a bollywood biopic having its own twist & turns, roadblocks, struggles laughter, joy and sorrow. Change is the only constant in life and that exactly applies in my case. Although it has been a satisfactorily life till now given that I know myself and how I lead my life. Whenever I start to read something new I feel like going deep into it. I am also easily attracted to novel things & concepts. I usually get into procastination mode whenever I come across something entirely new and start to imagine myself trying it out in realilty.Why does this happens? Why can't I focus on one single thing at a time and see it to completion? I know in todays world generalists are looked down upon and it is an era of specialists, experts and professionals having good domain knowledge of their area of work. It is always better to be an expert than be a jack of all trades (which seems very filmy nowadays where a hero is expected to do everything on his own). Lately I have developed an avid interest in technology and i keep on reading various articles & books on IT and technology. I am also pursuing an online cyber security course from Great Learning Institute, Bangalore. I want to know am I going in the correct direction in life or is it something else I should do which ensures more satisfaction in life? Lately, I have become bit irriiated as well due to the above reasons as I tend to do multiple things at a time (multitasking). My parents are also fed up of me now. My mother keeps nagging me all day.I dont know how to really deal with her, as she always finds perfection in everything. That becomes too much at times. Does this happens in every household? Should I go out and travel to some place in order to temporarily escape from all this? Kindly suggest me some course of action. Pls answer. Thanks
Ans: Dear Anonymous,
You will be distracted and keep trying new things until you actually figure out what you want for yourself in life.
- How does you life seem like a few years down the line?
- What must you do NOW to actually get to where you want in life?

And to answer these questions, you first need to identify a strong, solid goal in life. Either you work with a mentor or your boss or a friend or an expert who can help you identify your goal and purpose. That might help you stay the course and actually streamline your thoughts, your job and your daily life.
Travel used for learning is great but using it to escape only worsens things...So, work on Goal-Setting!

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

Anu

Anu Krishna  |1321 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2024

Asked by Anonymous - Nov 16, 2024Hindi
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Hi , I am a professor mech engineer , after death of my wife and due to having 5 year girl baby I planned for 2 nd marriage as I live alone away from home town because my of job with my little baby . I accepted a widow having 2 child ,she was working in a govt job 250 km away , after ensuring and agreeing her possibility of transfer and job vacancy @govt office near my house and ensuring she agreed that she will come to live with me along with her 2 kids and my little baby as her trasfer was due in comming few months . We lived apart during her job at 250 km away.,while meeting on weekly offs 6 /7 time in 6 months , then she take 360 degree u turn and said she will not get job transfer to my place and get her trasfer in other dept. in same previous office. And started telling many reasons like she will loose her children's inheritance in her in-laws property ,she will loose promotion , kids Don't want trasfer , and said we will live apart forever . This was contradictory to earlier agreed things .and my my purpose to live in family with my baby not fulfilled , so after long ruckus ,I mutually got divorce from her , Then After divorce I decided to marry non working women having no child and don't expect child as I am @48 year old and tired of living alone and managing job ,girl , house chores . I married to a divorcee girl from Pune ,she was BA first year college drop out girl of 44 yr age after 6 months of long dating on week ends . During 6 months I tried to know her indepth but was don't used to talk much as I was trying to know her true nature, we visited many places ,movies . She seemed perfect as per my requirement of girl wanting no child , and she is house wife . after marriage she behave well for 1 st week ,then she started trouble to hate my baby ( became kaikai )on pety things , she want my baby to house chores at the cost of her important year of 10th std study . She don't liked me taking tution of girl , she didn't like if I help my girl any way . She don't like if I spent some money on my girl . She used to fight all night and don't let me sleep . Now she stated demanding that she want baby , though I was against and b4 marriage agreed to not have any more child due to old age ,cost ,and no personal time for self , then I agreed to have child but b4 that I got her and my fertility tested ,she had weak eggs and syst on her reproductive organs and doc warned to not go for pregnancy due to risk and probability of unhealthy baby birth , but she kept repeating That she want child we consulted 4 Drs. She used to fight and go to her mother's home for 2/4 months after living with me for 2/3 days only . Now she wants divorce , and asks me to keep my girl in hostel if I want her in my life . This Ramayan has left me baffled , What should I do ??? .....
Ans: Dear Anonymous,
The reason to marry for you mainly has been companionship, a mother for your daughter...
And marriage is not a transaction BUT a meeting of minds...when there is no compatibility, there is no space for agreeing on the same things or wanting to make things work which is possibly what has happened with your 2nd and 3rd marriage.
If you want this marriage to work, there has to be an equal commitment by both of you, so, start by emotionally bonding first. Slowly build on this by making goals for the marriage and the future...your only goal can't be mother for your child...not all women are going to readily accept this and some may even falter along the way. Allow the lady and your daughter to bond together for sometime so they develop a unique relationship...
Understand that transactional relationships do not last; so, invest enough time in building trust in that companionship for it to become something meaningful

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...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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