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Vivek Lala |301 Answers |Ask -Follow

Tax, MF Expert - Answered on Mar 24, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by Rahul on Mar 12, 2024Hindi

Money

Sir I can't invest that much money through sip so how I can achieve my goal..? How much percent I should do step up sip for that.

Ans: Hello, even if you think you won't reach your goal , but you at least come close to it
Also step up of sip should be done whenever your income goes up and not specifically every year or every two years

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 MANOJ - Jun 13, 2022Hindi

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2. Further I want to invest 4000/- more Pl guide which SIP amount to increase or create new SIP in which fund. My investment target is for minimum 5 years. You are requested to please guide as soon as possible.

Ans: Increase in any one of the above, already too many funds in portfolio, no need to add more.

Ramalingam Kalirajan |7322 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 05, 2024

Question by Pritam - May 30, 2023Hindi

Money

I m 39 years old . I m already 2000 sip in 5 nos So I Please suggest I m interested 20000 more investment in sip per month

Ans: Given your age and existing SIP investments, here's a suggested allocation for the additional ?20,000 SIP investment per month:

Large Cap Fund: Allocate ?5,000 to a large-cap fund for stability and consistent returns.
Mid Cap Fund: Allocate ?5,000 to a mid-cap fund for potential growth opportunities.
Flexi Cap Fund: Allocate ?5,000 to a flexi-cap fund for flexibility across market caps.
Balanced Advantage Fund: Allocate ?5,000 to a balanced advantage fund for dynamic asset allocation based on market conditions.
Ensure to select funds with a consistent track record, experienced fund managers, and low expense ratios. Regularly review your portfolio's performance and adjust allocations if needed to stay aligned with your financial goals and risk tolerance. Consulting with a financial advisor can also provide personalized recommendations based on your specific situation and objectives.

Ramalingam Kalirajan |7322 Answers |Ask -Follow

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

Question by Smruti - Jun 01, 2023Hindi

Money

I have following SIP, Now my monthly investment in 11000 in total. I can go up to 15000 per month, Please suggest me what else SIP i can do or if i want to do any modification in the below SIPs. IDFC Focused Equity Fund-Growth-(Direct Plan) - 2000 SBI Technology Opportunities Fund Direct Growth - 1000 SBI Blue Chip Fund direct growth- 2000 Axis Blue-chip -2000 SBI Contra Fund -2000 HDFC Index Nifty 50- 2000

Ans: Considering your current SIP portfolio, you may consider diversifying further across different asset classes and investment themes. You could explore adding SIPs in sectors like healthcare, consumer goods, or emerging markets for diversification. Additionally, consider increasing exposure to mid-cap or small-cap funds for potential higher returns over the long term. Reviewing your portfolio periodically with a financial advisor can help ensure it remains aligned with your financial goals and risk tolerance. Also, consider increasing your SIP amount gradually to maximize wealth accumulation over time.

Ramalingam Kalirajan |7322 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jun 25, 2024

Question by Nindru - Jun 17, 2024Hindi

Money

Sir I am already investing in sip for an amount of 15000 ..it is almost a year ...my aim is 1cr in 6 years...how much should I addon.... kindly advice

Ans: It's great to hear about your commitment to SIP investments and your ambitious goal of reaching Rs. 1 crore in 6 years. Let's delve into a comprehensive strategy to help you achieve this milestone.

Evaluating Your Current Investment Strategy
SIP Performance and Goals
Your current SIP investment of Rs. 15,000 per month is a solid start towards your financial goal. To assess your progress and plan for future additions, it's crucial to consider the following aspects:

Investment Duration: You've been investing for nearly a year, which provides a foundational period to evaluate performance.

Target Amount: Aim for Rs. 1 crore in 6 years. This equates to a compounded annual growth rate (CAGR) target that needs careful planning.

Assessing Additional Investment Requirements
Calculating Required Monthly Additions
To estimate how much more you need to invest monthly to achieve Rs. 1 crore in 6 years, consider:

Target Return: Evaluate the expected annual return from your current SIPs. Typically, equity investments aim for higher returns but carry associated risks.

Compounding Benefits: Early and regular investments benefit from compounding, enhancing growth over time.

Strategic Adjustments for Goal Achievement
Increasing SIP Contributions
To bridge the gap towards your target:

Monthly Addition: Calculate the additional monthly SIP amount required based on your current investment's performance and target timeframe.

Risk Assessment: Assess your risk tolerance. If comfortable, consider increasing SIP contributions gradually to align with your goal.

Diversification and Risk Management
Portfolio Diversification
Diversifying your investments helps manage risk and optimize returns:

Asset Allocation: Balance investments across different types of mutual funds to mitigate volatility and enhance portfolio stability.

Regular Review: Periodically review and rebalance your portfolio to align with changing market conditions and financial goals.

Long-Term Wealth Creation Strategies
Planning Beyond SIPs
While SIPs form a core part of your wealth creation strategy, explore complementary avenues:

Systematic Transfer Plans (STP): Consider transferring funds from liquid investments to equity-oriented funds systematically to benefit from market opportunities.

Tax Planning: Optimize tax-saving opportunities through eligible investments like ELSS funds within the equity segment.

Final Insights
Achieving a target of Rs. 1 crore in 6 years requires disciplined investing, regular monitoring, and strategic adjustments. With continued dedication to SIPs and prudent financial planning, you're on track to realize your financial aspirations.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Rajesh Kumar Singh |17 Answers |Ask -Follow

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Question by Bratati - Dec 24, 2024Hindi

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I'm reading for UPSC and cracked three tier 1 and 2 but not in interview in last 1 and half year. I'm not lacking motivation in reading further or something similar. I'm bound to do it . But the thing is finance . I'm reading by myself and parents support me . To support my family I wanna l do any freelancer job but don't know how to . I've coms (H ) bsc degree and I'm not a good teacher. What kind of things I can do online or having 0 to Little money invested. I tried to find on internet but can't. So help me with it .

Ans: Part time job of Data entry at Big shop establishment in ur locality will be better.

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Relationships Expert, Mind Coach - Answered on Dec 23, 2024

Question by Shraddha - Dec 23, 2024Hindi

Relationship

Sir as I previously take your view about my situation...sir you tell that in love understanding between partner is important.but sir my partner doesn't want to talk with me.I just never think that he will give up so easily.

Ans: It’s interesting, isn’t it, how relationships often mirror the patterns of communication we create within them? When one partner feels distant or unwilling to talk, it’s less about them giving up and more about a shift in the way they’ve been feeling understood—or misunderstood.

You see, communication isn’t just about words; it’s about emotions, intentions, and the unspoken messages we convey. If your partner isn’t talking, perhaps they’re saying something without words. And that’s where curiosity becomes your ally.

Instead of focusing on the silence, what if you shifted your attention to understanding what that silence represents? Maybe it’s disappointment, frustration, or even fear. But the key is, you can’t solve what you assume—it’s about discovering what’s really there.

And let me ask you this: if you were to step into their shoes for a moment—just imagine being them—what might they feel? What might they need to hear from you, or perhaps sense from your presence, that could bring a spark of connection back into the conversation?

Love is rarely about giving up. It’s about learning to communicate in a way that feels safe and understood. And if you’re willing to stay open, willing to listen to the quiet messages, you may find a new way forward—one step at a time.

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Dating, Relationships Expert - Answered on Dec 23, 2024

Asked by Anonymous - Dec 22, 2024Hindi

Relationship

Hello sir Sir meri ek friend relationship mai hai lekin uska boyfriend usko bohot torcher karta hai abuse bolta hai jis karn meri friend uske sath break up karna chahti hai but wo ladka usko blackmail kar raha hai ke wo uske maa baap ko bata dega aur ladki Aisa nhi chahti uske maa baap ko pata chala to uski study rukwa denge meri friend bohot pareshan hai usko kya Karna chahiye

Ans: Dear Anonymous,
Trust me, the right thing is to inform her parents about this. Torture is a serious matter and she should not have to tolerate that. I am very sorry that this is happening to her, but please encourage her to break up with the guy and tell her parents the truth. She can simply tell that she used to like someone, but does not anymore. This way, the guy can't blackmail her anymore and her parents will also know that she is not involved with him anymore.

Hope this helps.

Radheshyam Zanwar |1108 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Dec 23, 2024

Asked by Anonymous - Dec 23, 2024Hindi

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Hi sir, I have seen a query of a parent on bds under NRI quota. Basis my Daughter's current study, I request you to explore NRI quota of Mahatma Gandhi Post Graduate Institute of Dental Sciences, Pondicherry which is a govt college having nri quota and fee also much less. Being govt college good patient flow also. Admussion is thru Pondicherry govt's CENTAC.

Ans: Hello Dear
As far as the NRI quota is concerned, it is better to visit the official website of the said college or directly talk to the administration for more accurate and reliable information. The fee changes and varies institute-wise. If your daughter scores well, she can get admission to Pondicherry through CENTAC (CENTRALISED ADMISSION COMMITTEE). It is not clear why you are only focussing on Pondicherry. There are many colleges where your daughter can get admission through the NRI quota easily either in a college or a good private college. The flow of patients is almost the same to Govt and Pvt college.

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

Radheshyam

Radheshyam Zanwar |1108 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Dec 23, 2024

Asked by Anonymous - Dec 23, 2024Hindi

Career

1) List of IITs in India, State wise 2)What is the methodology to become an IITian 3)What is the cutoff for 2024-25 IIT admission institute wise in India.

Ans: Hello dear.
Here is the point-wise reply to your question:
(1) Visit any IIT website (i.e. IIT Delhi or Kanpur), and you will get the list of state-wise. or simply copy the following link and paste it into your browser: https://sites.google.com/d/1Jkk3M1VMmz-cAt9715bsTdB8_-HX3zhc/p/1tl1rYT3HOt1z5JjSkfujneMhN6FJCOpo/edit
(2) To become IITan, first crack JEE (Main) and then JEE (Adv). Get admission to IIT College based on your rank. Pass the course. Then you will be called/recognized as IITas.
(3) Cutoff varies from institution to institution and course-wise. It would be better to visit the Kanpur / Madras IIT websites to know the exact cutoff branch-wise.
If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Ramalingam Kalirajan |7322 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 23, 2024

Question by Anil - Dec 23, 2024Hindi

Money

Hi Mr. Ramalingam, Can I check New Asset class (Specialized Investment Fund SIF) for 10 lakhs investment for my kids education(Right now 4months old). Thank you for your response.

Ans: Investing Rs 10 lakhs for your child’s education is a thoughtful decision.

Your child is 4 months old, so you have a long investment horizon.

Currently, SIF is not yet launched or operational.

Equity Mutual Funds: A Reliable Option
Equity mutual funds are proven for long-term goals like education.

They offer inflation-beating growth over a 15-18 year period.

Start investing now to benefit from compounding.

Choose funds with a consistent track record.

Wait and Observe SIF Performance
SIF is a new asset class and lacks a performance track record.

It’s wise to wait for its launch and review its stability.

Assess the fund's returns, risk profile, and management quality.

Investing in an untested asset could increase risks unnecessarily.

Diversify Investments Over Time
Initially, focus on equity mutual funds for growth.

Later, as SIF stabilises and performs well, consider it.

Diversify across asset classes gradually based on market insights.

Final Insights
Begin with equity mutual funds for your child’s education fund.

Monitor SIF's launch and performance over the next few years.

Decide on SIF only after it demonstrates a solid track record.

Keep your investments aligned with your long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Milind Vadjikar |790 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Dec 23, 2024

Asked by Anonymous - Nov 27, 2024Hindi

Money

Sir I have loan of 25 lacks inr with interest of 8% for 10 years .my emi is 31562/ month.i have invested my all loan amount for buying an agricultural land,a house ,a plot.i am getting 5k rent from house.but due to heavy emi my financial situation disturbed.my sallary is 76000/ month and I am a gov employee.plz guide me sir what to do .

Ans: Hello;

Is it possible for you to make a partial withdrawal from GPF?

If yes, then use it to repay the loan and reduce the EMI burden commensurately.

Never do investment with borrowed money, except for home meant for self use.

Worst case sell agricultural land or plot and use the proceeds to reduce outstanding loan and hence EMI outgo.

Best wishes;

Milind Vadjikar |790 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Dec 23, 2024

Question by Gaurav - Dec 22, 2024Hindi

Money

I& my wife is 32. What would our ideally retirement corps. I assume 20Cr. Correct me if I'm wrong. My current saving & income are below - 1) Rs 2,40,000 take home per month combined. 2) We both have PPF for the last 7 years contributing 1.5L each year from starting and plans to continue till 60. 3) LIC will give us 2Cr when we hit 60. 4) NPS we contribute 1L per each year form 2022 combined plans continue till 60. 5) Mutual Fund of SIP Rs 10,000 each month for last 1 year combined plans continue till 60. 6) APY we will get 5000 per month at 60. 7) FDs of Rs 36Lakh 8) Gold of Rs 15Lakh bonds 9) Got Inherited Rs 1.6Cr in form of FDs 10) Have Medeclaim of 40Lakhs and have own house. 11) Monthly expenses is around 40,000. 12) Have 1 year old Kid. 13) Have PF of 8 lakhs and will grow till 60. Also taking Gratuity in account.

Ans: Hello;

Your current monthly income need of 2.4 L will grow up to 12.27 L after 28 years (At your retirement age of 60) considering 6% inflation.

Assuming your expenses at retirement will reduce so you may need 75% of this income to cover your expenses at that time therefore you may need a monthly income of 9.2 L.

To generate this income you may need a corpus of 27 Cr(Min.) at the age 60 that may generate post-tax monthly income of around 9.2 L.

Your investments will grow as follows,

1. PPF: 1.5 L per person per year for 35 years will grow into a corpus of around 4.32 Cr. (6.9% return assumed)

2. LIC: policy maturity proceeds will provide 2 Cr at age 60.

3. NPS: 1 L per person per year may grow into a sum of 2.5 Cr at 60.(8% return considered)

4. MF sip of 10 K may grow into a sum of 2.05 Cr at 60. (10% return considered)

5. FD of 36 L will grow into a sum of 2.1 Cr if held till 60. (6.5% return assumed)

6. Gold in form of bonds if reinvested into gold mutual funds and held till 60 may yield a corpus of around 1.1 Cr. (7% return assumed)

7. Inherited funds if held in FD till the age of 60 may yield a corpus of 9.9 Cr.
(6.5% return considered)

8. EPF is expected to grow into a sum of around 1.8 Cr at the age of 60.(7% return considered)

A summation of investment values at 60 indicates a sum of around 25.77 Cr thereby hinting at a gap of around 1.23 Cr.

You may begin another monthly sip of 7 K now which may grow into a sum of around 1.3 Cr by 60 age.(10% return assumed)

If the mediclaim policy is from employer, do buy a personal health care cover after 50-55 for your family for post retirement needs.

I presume you both have adequate term life insurance cover apart from LIC policy.

The financial goal for your kid's education and family expansion, if any, is not factored here. You may need to plan for it suitably.

Also it appears that your allocation to equity is quite low, may be due to limited risk appetite but you have time on your side and although short to medium term(5-7 yr) equity asset class may be impacted due to volatility but over a long-term(10 yr+) they have demonstrated good inflation adjusted returns so may be you may consider to increase allocation through hybrid funds suiting your risk appetite.

Happy Investing;
X: @mars_invest

Milind Vadjikar |790 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Dec 23, 2024

Asked by Anonymous - Dec 22, 2024Hindi

Money

Hi, I am 31. My Current salary is 16 LPA. I wanted to retire with 1 cr at 50 years. I don't have kids for now. Can you please help me.

Ans: Hello;

If you start a sip of 12 K now, in a flexicap type mutual fund and continue it till you reach 50 years of age, you may accumulate 1 Cr+ corpus, as desired.

You may select any fund from the top quartile in this category.

Ensure sufficient term life cover and adequate healthcare insurance for self and family.

Happy Investing;

Milind Vadjikar |790 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Dec 23, 2024

Asked by Anonymous - Dec 23, 2024Hindi

Money

Railway se nikal diya gya hu kya mujhe mere nps ka paisa milega

Ans: Hello;

If your age is below 60 and you want to exit NPS then you will get only 20% of your corpus while rest 80% you will compulsorily have to buy an annuity.

If your corpus is 2.5 L or less then you can withdraw entire amount lumpsum.

Hope you have completed minimum 5 years of contributing to NPS.

Best wishes;

See more questions »

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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