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Ulhas Joshi |279 Answers |Ask -Follow

Mutual Fund Expert - Answered on Nov 16, 2023

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 - Nov 15, 2023Hindi

Money

Hi sir, i want to invest 10k per month in mutual funds. Please suggest.

Ans: Hello and thanks for writing to me. You can consider starting monthly SIP's of Rs.2,000 each in:

1-Edelweiss NIFTY 100 Quality 30 Index Fund
2-SBI Focused Equity Fund
3-Canara Robeco Focused Equity Fund
4-Parag Parikh Tax Saver Fund
5-UTI Flexi Cap Fund

Note that the Parag Parikh Tax saver fund has a 3 year mandatory lock in and will also help you save taxes. I am assuming that you are looking to invest in mutual funds for long term wealth creation and are fine with taking the risks associated with equity mutual funds. If you provide other details like your age, goals and risk appetite, I may recommend other 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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Question by puneet - May 04, 2023Hindi

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I am new investor in the market, kindly suggest the 4-5 Mutual funds where I can invest 10K per month

Ans: Hello Puneet. Kindly quantify your investment constraints

Vivek Shah | Answer |Ask -Follow

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Question by Amaan - Jun 07, 2023Hindi

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Sir I want to Invest 10k per month. Where to invest ?

Ans: Kindly let us knwo following information

1) Time Horizon
2) Risk profile
3) You want to invest for which financial goal

Once you mention this above information, i will be able to give you any suggestions.

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Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 16, 2024Hindi

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I am Sanjit Kumar das I want to invest 10k/m in good mutual fund please suggest me

Ans: Investing Rs 10,000 Per Month in Mutual Funds
Choosing the Right Mutual Fund

Define Goals: Identify your investment goals, whether it's for short-term needs or long-term wealth creation.
Risk Tolerance: Determine your risk tolerance, as it will guide you in choosing the right type of mutual fund.
Types of Mutual Funds

Equity Mutual Funds: Suitable for long-term growth. These invest primarily in stocks.
Debt Mutual Funds: Focus on fixed-income securities. Lower risk compared to equity funds.
Balanced Funds: Invest in a mix of equity and debt. Suitable for moderate risk tolerance.
Recommended Mutual Fund Categories

Large-Cap Funds: Invest in well-established companies. Provide stability and moderate growth.
Mid-Cap Funds: Invest in medium-sized companies. Higher growth potential with increased risk.
Small-Cap Funds: Focus on smaller companies. High growth potential but more volatile.
Hybrid Funds: Combine equity and debt investments. Balances risk and return.
Investing Through SIP

Systematic Investment Plan (SIP): Allows you to invest a fixed amount monthly. Encourages disciplined investing.
Benefits of SIP: Provides rupee cost averaging and helps in managing market volatility.
Mutual Fund Platforms

Direct Plans: Lower expense ratios. Invest directly with the fund house.
Regular Plans: Available through mutual fund distributors or financial planners. May have higher expense ratios.
Recommended Mutual Fund Types

For Long-Term Growth: Consider a mix of large-cap, mid-cap, and balanced funds for diversified growth.
For Stability: Debt or hybrid funds can offer more stability and steady returns.
Final Insights
Start with Research: Choose funds with a strong track record and a well-managed portfolio.
Monitor Performance: Regularly review the performance and suitability of your chosen mutual funds.
Consultation: If needed, consult with a Certified Financial Planner to tailor the investment according to your specific needs.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Milind Vadjikar |672 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 18, 2024Hindi

Money

Male, Age is 29, Salary of Rs. 22000/- p.m., my expenses 6-8k p.m. (Approx), Current Investments: Mutual Funds 2k monthly, 3k RD monthly for 3 Yrs, what is suitable Health/Life/Term Insurance? ROI option for same? or Other Investment options? I have my father who got his pension & he manages our household Expenses.

Ans: Hello;

Insurance is not a investment.

It is a protection which you buy to safeguard your dependents, financially, in case of any unfortunate event.

Pure term plan with riders for critical illness and accident benefit is optimal.

Ideal life cover should be 15X-20X your annual income.

If you are keen then you may check term plans that offer return of premiums paid(less tax) if you survive the policy maturity period.

Healthcare insurance should be from a company that has:
1. High number of network hospitals throughout the country.
2. Low waiting period for pre-existing conditions.
3. High claim settlement ratio and simple & fast claim settlement.
4. Covers maternity expenses for female members.
5. Sum assured restoration benefit.

Both life and healthcare insurance premium payments are deductible under old regime of income tax.

PPF, NPS, bank FDs are other investment options.

Best wishes;

Milind Vadjikar |672 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 21, 2024

Question by Varinder - Nov 17, 2024Hindi

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With starting salary ?12000 CTC. At 5% increase in contribution annually. What will be way ahead at the time of pension with 15 years of career. and how much pension monthly will I get???

Ans: Hello;

Request you to kindly rephrase your question.

Thanks;

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Question by kiran - Nov 19, 2024Hindi

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I am 41 years old, having FD of 15 lacks , my package is 12L/Annum . Other than this i have polices and no savings. Can anyone suggest retirement plans and savings plan further

Ans: Hello;

You can invest in NPS for your retirement planning.

For your other goals you may invest in different type of mutual funds based on your risk appetite and time horizon.

Never mix insurance (pure protection)with investment.

Happy Investing;
X: @mars_invest

Milind Vadjikar |672 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi

Money

I am 39 years working women my current salary is 25k due to multiple unsecured loan trap my emi is reached to 55k per month . Most of the loan 75% emi repayment done but 2 loans emi is very high and remining tenure is almost 1.5 year total outstsnding appx 4.5 lacs really dont know how can i get over from this . Please advice

Ans: Hello;

Sell any gold which you may have and repay the loan. Once the loan burden is over you can buy gold again later.

Check if you can port the loan to another lender with lesser rate of interest.

Borrow from your close relatives/employer, if possible, to get you over the loan and repay it later.

If the recovery agents are harassing you beyond due follow-up then report it to the Police/RBI.

Please be firm and positive to get over this difficult phase.

However if you feel depressed kindly consult a psychiatrist.

Best wishes;

Nayagam P P |3916 Answers |Ask -Follow

Career Counsellor - Answered on Nov 21, 2024

Question by yakub - Nov 21, 2024Hindi

Career

My daughter is in class 12th and preparing for her Jee. What course she should take up which will have great opportunities in future

Ans: Yakub Sir, It would be beneficial to have a conversation with your daughter regarding her interests, strengths, and career aspirations—whether she plans to continue her studies after her BTech or gain experience before pursuing her Masters, either in India or abroad. Certain fields have historically drawn a higher number of female students in India, influenced by societal views, considerations of work-life balance, and available career prospects. Here are a few suggestions: (1) Computer Science Engineering (Core) (2) Computer Science Engineering (Artificial Intelligence & Machine Learning) (3) Computer Science Engineering (Artificial Intelligence & Data Science) (4) Information Technology (5) Electronics and Communication Engineering & (6) Biotechnology / Bioinformatics. Please also make sure that she joins a Colleg where the placements records have been good during the last 3 years. All the BEST for Your Daughter's Prosperous Future, Sir.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Milind Vadjikar |672 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 21, 2024

Asked by Anonymous - Oct 10, 2024Hindi

Money

Hello Mr Shah How worth / meaningful will it be for a 55 yrs person to start investing in NPS. Yearly capability of investment around 3L, with investment horizon of 6-7 yrs. This option I’m weighing against couple of guaranteed return (yearly certain amount of fxd return till life) tax free insurance linked investments. Also let me know what is the minimum number of yrs one has to invest prior to withdrawal and how much max (%) can be withdrawn lump sum. Best! Regards

Ans: Hello;

6-7 year time horizon for NPS may not be optimal.

Also after 60, you may withdraw maximum of 60% of your investment value while the rest 40% has to compulsorily be utilised to buy an annuity.

Happy Investing;

Radheshyam Zanwar |1054 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 21, 2024Hindi

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Hello, I am 3 yr neet dropper.in 2025 it will be my third attempt... I'm trying my best to crack neet ...i don't know what will happen will i score good marks or not ... please help me in suggesting good career options if not crack neet .....there are many options through neet marks also like bhms , veterinary...etc. i will also give entrance exam also like cuet ,gbpuat ,....but i want that what to choose which course will be best for me ...i want to make my life good and happy... having a good degree, good job ,...

Ans: Hello.
Have you analyzed your failure in 2 successive attempts in the NEET examination? If yes, then the question is what you have done for improvement and not then again the question arises why not? Here, I would like to suggest you focus now only on the NEET examination which is your 3rd attempt. Don't think about any other options right now till May 2025. After the NEET exam is over, you have ample time to explore the options available. Depending on your score in NEET 2025, we will guide you at that time. But yet, if you are confused, then looking towards your question and anxiety, you need personal counseling where you can express yourself face-to-face. Only after the NEET exam is over, you contact a counsellor for one-to-one counseling. Till then, keep mum and focus only on NEET. Take this exam as your mission and project. Work on this project, apply forces from all sides, success is there which is waiting for you eagerly.
Best of luck for your bright future.

Some tips: (1) Analyse separately Phy, Che, Bio (2) Prepare a list of hard topics (3) First focus more on the topics which are easy for you and then try to excel in hard topics (4) Appear more and more online/offline examinations (4) Prepare your short-cut file for all subjects (5) Prepare a file for each subject having only synopsis of all chapters (6) Try to solve the problems at the lightening speed and observe the period on regular basis (7) Create your time table to revise the topics on regular basis (8) Do not hesitate to ask your difficulties to your teachers, if you have joined to offline classes (9) Keep the habit of marking the answers which you know 100%. Don't guess the answers and mark them, as there is -ve marking scheme. (10) Be calm, quite, and smiling all the time to release the tension and always have a healthy chat with your friends.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Samraat Jadhav |2095 Answers |Ask -Follow

Stock Market Expert - Answered on Nov 21, 2024

Question by RAGUL - Nov 17, 2024Hindi

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I am a new and first time investor (not a trader) right now I see market correction as a good entry for me and I got fet questions, 1.how long do we foresee this correction to happen (in weeks or months)? 2. Should I take entry in small steps across potential stocks so that I can average out? 3. I think this is the right time for this question - what potential stocks can give me 40 to 50% returns in next 12 to 15 months and 70 to 80% in next 24 months (this is a very optimistic number as I already see some good stocks had come down by 20 to 30%)

Ans: 1) Corrections are always temporary, and the growth is real for long term so now the downside is limited.
2) Yes, if you have Rs. 100 start investing Rs.25 and keep adding 25 in every fall.
3) All Blue Chips and then Mid Cap Companies. (Choose quality always)

Milind Vadjikar |672 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 20, 2024Hindi

Money

Hello Sir, I am 55 and plan to retire. I will get 85 lakhs after retirement from provident fund and will get 45k monthly pension which will increase twice with increase of Dearness Allowance as per Central Govt rules. I will also get 9k as rentals. I have no loans and have own house to live. Can I survive with family of three(myself, wife and mother aged 74years)

Ans: Hello;

What is the approx monthly household expenses as on today?

What kind of healthcare benefit will you and your wife get from your employer after retirement?

Do you have a separate healthcare insurance policy for both of you as well as your Mother?

Kindly provide response on the above points so as to recommend suitably.

Thanks;

Pradeep Pramanik |186 Answers |Ask -Follow

Career And Placement Consultant - Answered on Nov 21, 2024

Asked by Anonymous - Aug 14, 2024Hindi

Career

My Director interviewed me for 3 times in 6 months and then took me after cautious decision. When i joined five months ago i kept working dedicatedly but after 4 months he suddenly asked me to resign on intercom and by calling me to his room without any reason of non performance or integrity or behaviour or anything No allegations were there and allegation was shared as well Finally i had to quit as he threatened of sacking if i dont quit Hence i had to first send several e mails of request and then when he didn't agree i sent a 2 line resignation While i had already assured him of improvise the performance of his loss making organization to break even in at least 50% operations but he didn't budge. My ctc in my organization was highest and i am not sharing my contact number because he may try to harm me in my finding a job 1. How do i remain in touch with this Expert Advice always 2. How can i personally talk one to one 3. How do i know what to do next as such unthoughtful appointments leave is in lurch and very very painful Regards

Ans: Dear Once you have resigned under pressure , It is not advisable to request for any consideration. Better to move on if you are capable.

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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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