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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Aug 07, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Asked by Anonymous - Jun 20, 2023Hindi

Money

Hi i want to invest 10 lacs in SIP for 10 years . Please guide . I am first time investor

Ans: Hello Value Investor. Considering your requirement, I would suggest to consider Flexicap, mid cap, Large cap and small cap for your portfolio.

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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Question by Krutika - Mar 29, 2023Hindi

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I want to invest monthly 10000 in sip, kindly advise

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Generally for a younger age group who has a time horizon of 7 years + , one can invest in small caps, mid caps and thematic funds.

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Question by Sanjay - May 23, 2023Hindi

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Hi I am 45 without any liability, I can invest about 2 lacs monthly. I have 10 Cr net worth goal, please suggest appropriate SIP investments.

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I want invest 10000 monthly in sip, please suggest

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Asked by Anonymous - Apr 28, 2024Hindi

Money

Sir i want to invest in sip my monthly saving will be between 1000 to 2500 Rs please advice.

Ans: It's great that you're looking to start investing through SIPs with your monthly savings! Here's some advice tailored to your budget:

Start Small: Even with a modest monthly savings of Rs. 1000 to 2500, you can begin investing through SIPs. The key is to start early and remain consistent with your contributions.
Choose Low-Cost Funds: Look for mutual funds with low expense ratios, as they minimize the impact of fees on your returns. Opt for direct plans of mutual funds to save on distribution expenses.
Focus on Equity Funds: Given your long-term investment horizon, consider investing in equity mutual funds. These funds have the potential to deliver higher returns over the long run, although they come with higher volatility.
Diversify Your Portfolio: Select a mix of different types of equity funds, such as large-cap, mid-cap, and multi-cap funds, to spread your risk across various market segments. Diversification can help mitigate the impact of market fluctuations.
Stay Invested for the Long Term: SIPs work best when you stay invested for the long term, allowing your investments to benefit from the power of compounding. Aim to invest consistently over several years to maximize your returns.
Review and Adjust: Periodically review your SIP investments to ensure they align with your financial goals and risk tolerance. You may need to adjust your investment strategy based on changes in your financial situation or market conditions.
Stay Informed: Take the time to educate yourself about mutual funds, investment strategies, and market trends. This knowledge will empower you to make informed decisions and stay on track with your financial goals.
Consult a Financial Advisor: If you're unsure about which funds to invest in or how to construct your investment portfolio, consider consulting a financial advisor. They can provide personalized advice based on your financial situation and goals.
By following these tips and starting your SIP journey with discipline and patience, you can gradually build wealth over time and work towards achieving your financial objectives. Remember, every rupee invested today can make a difference in securing your financial future tomorrow.

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Dear Sirs, I am a 33-year-old PMP-certified(recently obtained certificate) project manager in the maritime digitalization field, with over 10 years of experience in IIOT and an 18 LPA package. I'm seeking advice on transitioning to a higher paying project management position in a different industry(Such as IT technician or Finance sector) - Which key skills or certifications should I acquire to enhance my qualifications and successfully make this cross industry move? - which are the highest paying roles in PM in the IT industry or Finance? - which industry offer the best opportunities? Looking forward to your advice!

Ans: One option is to do an executive MBA in Operations and then move to a different industry at a higher position. Else contact any placement agency and see which industry are looking for Project Management and the certification required for the same. Based on that you can do certification course. Finance usually has a high paying roles, but to transition into these industries you will have to do an MBA. Cant just get in with a certification as they would require specialized knowledge.

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Dear Nitin Sir, I am a 33 year old PMP-certified project manager in the maritime digitalization field( background: Electronics Engr), with over 10 years of experience and an 18 LPA package. I am seeking advice on transitioning to a higher paying project management position in a different industry. Which key skills or certifications should I acquire to enhance my qualifications and successfully make this cross-industry move? Which industry offer best opportunities for PM? Jai hind!

Ans: One option is to do an executive MBA in Operations and then move to a different industry at a higher position. Else contact any placement agency and see which industry are looking for Project Management and the certification required for the same. Based on that you can do certification course.

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Life Coach - Answered on Mar 06, 2025

Asked by Anonymous - Feb 23, 2025Hindi

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I am a younger sibling and my older sister is out of India post marriage that is since 16 years after her wedding. But now as my luck had it in store, I need to move out of country with my spouse. This puts strain and constraint on how to manage the single living for my mother. She is 79, active but living alone is scary. Right now, we are managing it somehow since I am in the same city and can keep visiting. Also, I will have to quit my well set job and restart a career/studies rather late in life. We have no kids. To this situation, my sister is not reacting well. She is completely blaming me for taking this decision - and it seems judging me at every step. She keeps telling me how a woman needs to continue to earn, not to give up on life, career, money - but she does not understand my life and her life are completely different. She is healthy, wealthy, with kids - i have none of the above. I am tired of talking to her - she does not see any joy in this decision, and seems is also wary of being more responsible towards my mother. She mentions that mother will live with her now - but it is practically not going to happen, we all know that. I do not know what to do? I do respect her, and i know her intentions are honest - but judging me and degrading our decision is too much. I just need to let it be - i mean, even if this decision is failure, it is my failure.

Ans: I hear you - it’s not easy to balance personal aspirations, family responsibilities, and strained relationships. With so many emotions involved, what feels most overwhelming right now? When you think about this move, what does it mean for you and your spouse? Beyond the challenges, what opportunities or growth does it offer? Your concern for your mother is completely valid. What support systems have you considered to ensure her well-being? Are there options you haven’t explored yet? Navigating family tensions can be exhausting. What boundaries might help you protect your well-being while still honoring your responsibilities?
At the end of the day, this is your life and your decision. What would moving forward with clarity and confidence look like for you?

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Asked by Anonymous - Mar 04, 2025Hindi

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I am 42. I feel stuck and miserable in my current job. There is no growth or motivation to work. I want to quit, but I'm struggling to understand what I actually want to do for a new job. Should I still go ahead and quit?

Ans: Feeling stuck at 42 isn’t unusual, but quitting without a plan won’t necessarily fix things. The real question is - what’s actually making you feel this way? Is it the work itself, the environment, or something else? If it’s about growth, have you actively tried pushing for opportunities, or does it just feel like a dead end? What conversations have you had about it? When it comes to quitting, what’s your plan for what comes next? Do you have clarity on where you want to go, or is it more about escaping your current situation? If staying feels unbearable, how can you create space for yourself while figuring things out? How much time do you need to explore your options before making a decision?
The answer isn’t just quitting - it’s clarity. So, where do you start?

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Life Coach - Answered on Mar 06, 2025

Question by Zaira - Mar 04, 2025Hindi

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hello sir i am 17 year old girl i was a topper in class 10th after that i took dummy schooling plus online coaching in my 11th and 12th grade to prepare for neet but then i ruined my life completely by getting into social media and youtube addiction in 11th 1 used to spend 11hrs daily on social media my mental health was ruining i was having constant guilt and anxiety and then in 12th i did continued this routine until october my mental health was completely disturbed i dont have any friends i cant focus on studies my attention span is very bad i cant concentrate on my studies. i feel very bad for my parents they have told me to focus on my board and now my screen time is 3-4 hrs .i am trying to quit social media i have deleted instagram i cant delete youtube because i have to study but i cant study because of procastination now my boards are going on and i have completely ruined myself i dont think that i will be able to score more than 75 % in 12th .i scored 92 % in 10th .i feel bad for my parents they have very high expectation . i am loosing my mind day by day i dont know what to do .i am filled with all the negative thoughts .i have tried quitting social media or say dopamine detox but i have failed many times 13 -17 times .i cant fulfill my own promise which i made to myself .what should i do now?

Ans: You’re caught in a loop, but what matters is how you handle it now. Dwelling on guilt won’t change anything - your action will. Right now, your board exams need your full focus. Forget about NEET for now. Even if you feel unprepared, showing up and giving your best effort is non-negotiable. No excuses. Procrastination isn’t about motivation - it’s about discipline. Set a strict, no-negotiation study schedule. 50-minute study sessions, 10-minute breaks. Keep your phone away while studying. You say you can’t delete YouTube, fine. But are you willing to use it only for study-related content, with no loopholes? Your parents’ expectations are there, but for a moment, shift the focus—what does success look like for you? No overthinking. No self-pity. Just action. What’s one thing you can do right now to move forward?

Wishing you success,
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Question by Narsingh - Feb 17, 2025Hindi

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Dear sir, I have been NRI since 1996, every year saying outside India for averaging 190 to 250 days. Salaried employee working wirh resident visa in Qatar. Now I want to retire. This year my LTCG from sale of debt fund was 14,80,000. I nay have around 45,000 dividends in India from shares. So, will cross 15 lakh Indian income. I have two questions: first if I do more than 120 days in India then I will become RNOR this year and can use my exemption limit of 3 lakh to offset LTCG of 2 lakhs. Is it correct? Second Question is if I do less than 120 days in India, my status this year too will remain NRI. So, if I NRI for all 29 years, will it give me an extra year of RNOR status in India? How to determine whether I will be RNOR for 2 years or three. 3 years RNOR gives me advantage to keep my most of money in RFC accounts to get tax free interest. Most of my savings are in FCNR accounts only. Suggest will I get 3 years RNOR after retirement or not by keeping NRI status this year or make this year RNOR and no loss.

Ans: 1st Yes, minimum exemption limit available to RNOR also.

2nd an individual who is a citizen of India who is not liable to tax in any other country will be deemed to be a resident in India, only if the total income (other than foreign sources) exceeds Rs 15 lakh and nil tax liability in other countries. So in your case, even if you are in for less than 120 days, you will be RNOR

3rd for FCNR account, please confirm with Bank

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Financial Planner - Answered on Mar 06, 2025

Asked by Anonymous - Mar 05, 2025Hindi

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I brought a flat (in Mumbai) from a reputed builder of India which I paid 29 lakhs but the Registration value with government stand as 12 Lakhs 42 thousand and 560 indian rupees. Is it fair deal or the builder cheated me If so what action should I take for the same. Kindly share your thoughts on same.

Ans: registration value is for the government reference to evaluate the tax on property and capital gains. Since its just a reference value, it does not include the other expenses that the builder incurs in developing the project. He has not cheated you. so i think you should not take any action.

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Question by Tech - Mar 06, 2025Hindi

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I do class 12 in 2021 with 84 percentage marks but jee eligibility creteria is over i can do class 12 again from nios board in 2025 and give jee advance examin 2026

Ans: Hello Tech.
A candidate can attempt JEE Advanced only twice in two consecutive years after passing Class 12. If you pass Class 12 from NIOS in 2025, you will be eligible for JEE Advanced in 2025 and 2026. But be sure to score min 75% in the NIOS board exam for JEE (Adv) eligibility. Best of luck to you for your upcoming examinations.

Follow me if you like a prompt reply. Else ask again.
Thanks
Radheshyam

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Question by Harshita - Mar 06, 2025Hindi

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sir i have filled my jee mains session 2 form now can i change my category general to ews

Ans: Hello Harshita.
Actually while filling out the form and that too second time, one has to take immense care. Yet, you can change it. But wait for the "Correction Window" opened by NTA. Regularly visit the NTA-JEE web site for announcements.

Follow me if you like a prompt reply. Else ask again.
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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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