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Ulhas Joshi |278 Answers |Ask -Follow

Mutual Fund Expert - Answered on May 08, 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

Question by V on May 01, 2023Hindi

Money

I have invested in HDFC Long Term Advantage Fund for 18 months in 2007-08, but could not continue due to domestic problems. How shall i get back whatever i have invested. I have sent query to hdfcfund.com in 2017 but did not get reply.

Ans: Hello and thanks for writing to me. As you have invested in the scheme, you will be able to redeem the units at their current market value.

You can reach out to HDFC Mutual Fund on their helpline 1800-3010-6767 and also send an email to their registrar and transfer agent, CAMS with your PAN issued by the income tax department.

You will also get the details of your investment by getting your Consolidated Account Statement. You can download it from the CAMS or HDFC Mutual Fund website.

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 Keshav - Jun 20, 2023Hindi

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Sir, I am a senior citizen aged 70 yrs. Recently I started a SIP of â‚¹ 5000 in HDFC defence fund which is listed a week ago. Kindly suggest me the future prospects of the fund. I plan to remain in the fund for 24 -36 months.

Ans: HDFC has recently launched this fund investing mainly into the defence and allied sector Companies.
The future prospects of the fund depend on the performance of the sector companies that the fund invests in. Looking at your age, you have to understand the risk associated with the investment avenue being a sectoral fund, it contains high volatility. If your risk appetite is low and you are looking for safety, then you should look for other alternatives.

If you plan to remain in the fund for 24-36 months, you should be prepared to face high volatility and uncertainty in the short to medium term.

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Tax Expert - Answered on Oct 20, 2023

Question by SURINDER - Oct 09, 2023Hindi

Money

I have not received refund for my HUF Return filed for A/Y 2023-2024 against PAN AADHS 5358 till now. How do I get it?

Ans: Please check if bank account is validated and available for refund (not restricted). Also check if any old demand is outstanding and return is processed with refund.

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Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 17, 2024Hindi

Money

Sir, I had invested in HDFC Sanchay Plus in Long-Term Income Plan. It was a insurance and regular income plan for a period of 30 years. I paid up for five years as mandated by the policy. The pay out would commence from 7th year annually upto 30 years. The principal amount would be paid on completion of 30th year of enrollment. I appears the return of investment was less than 5% and diminishes further with time. I decided to withdraw from the scheme however the HDFC Life is deducting a huge sum from the invested amount. I requested to atleast return the principal amount invested without any add-on. But HDFC Life is referring to the policy clause and declining to return the invested amount. How can I retrieve the invested amount in this scenario. Thanking you in anticipation.

Ans: Most of the people make this mistake of considering insurance coupled with investment as good combination. The fact that insurance regulator allows insurance companies to use words such as "Guaranteed", "Assured" which entice gullible investors, makes things more difficult.

Endowment or money back policies never yield return over 5 to 6%.

Even ULIP policy returns above a threshold will now be subject to long term capital gain tax apart from fund management, policy administration and other heavy charges during first 5 years.

Insurance is for pure protection hence term insurance with appropriate riders is best option.

Unfortunately there is no way you can seek higher surrender value payment because you are contractually obligated by the terms and conditions of the policy agreement.

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Question by Siddharth - Sep 15, 2024Hindi

Career

is Msc (Environmental Science) considered equivalent/at par to Mtech (Environment Engineering) as eligibility for Assistant Professor jobs in environment trade?

Ans: No, MSc (Environmental Science) and MTech (Environmental Engineering) are generally not considered equivalent for Assistant Professor jobs, especially in the environmental engineering domain.
MSc (Environmental Science): Typically, this degree qualifies candidates for Assistant Professor positions in Environmental Science or related subjects at universities or colleges. However, it may not be considered equivalent to MTech (Environmental Engineering) for faculty positions in engineering departments or technical institutions like IITs, NITs, or engineering colleges.
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Insurance, Stocks, MF, PF Expert - Answered on Sep 19, 2024

Asked by Anonymous - Sep 19, 2024Hindi

Money

Can I retire early at 45 with 2.5 cr and monthly expense of 1 Lakh. Pl mind that I am yet to have kids and my mother and my wife are my dependents. Pl advise approximate corpus in case this is inadequate.

Ans: I recommend that you postpone your retirement till accumulation of additional corpus of 1.5+1=2.5 Cr+

This incremental 1.5 Cr with existing 2.5 Cr adding upto 4 Cr can be used to buy an annuity.

Assuming 6% annuity rate you can expect a monthly payout of 2 L(pre-tax).

After deducting monthly expenses, the balance can be reinvested in moderately risky funds to protect against inflation/healthcare costs in older age.

1 Cr can be corpus earmarked for future needs.

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

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

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Question by Sanjay - Dec 04, 2023Hindi

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Sir my wife is working in school Her PF was deducted under EPF Now her school has given her reemployment on adhoc basis and her PF is still deducted. As she has attained the age of 58her deductions are not taken in EPS. How can she get her pension as date of retirement under EPS and EPF are to be mentioned as same as her EPF is still being deducted

Ans: Please check if the EPF contribution after deduction is indeed credited to her EPF account especially after superannuation at 58 and reappointment thereafter on adhoc basis.

Date of exit for EPF and EPS may need not be the same.

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Insurance, Stocks, MF, PF Expert - Answered on Sep 19, 2024

Asked by Anonymous - Dec 07, 2023Hindi

Money

Hi sir, I am 24, Goal 1 cr in next 10 year MONTHLY total SIP @ 7000 ,( PPFS 2 , MOTILAL Oswal midcap1.5k , axis small cap2.5k, ICICI valu discovery1k) step up 30% per year Lump sum - 10000 NipponPower fund 10000 - HDFC REQUIREMENT FUND EQUITY. ( Step up 15-30% each half year as per performance PLS SUGGEST. Any deletion or addition.

Ans: I offer you two scenarios:
1. Step up both SIP and lumpsum by 40% every year to reach your target of 1 Cr corpus, 10 years from now.

2. Step up your SIP and lumpsum by 15% every year to reach your target of 1 Cr corpus 15 years from now. (Modest return of 13% assumed)

Your sip break up is:
PPFAS flexicap fund (2 K)
MO Midcap fund (1.5 K)
Axis Small Cap (2.5 K)
ICICI Pru Value Discovery Fund (1 K)

I suggest you to remove ICICI Pru Value Discovery Fund from your portfolio and add that 1 K sip into MO midcap fund.

Also I recommend you to migrate to Nippon India Small Cap Fund (2.5 K)

The lumpsum I would suggest you to invest in Quant ELSS tax saver fund and SBI Technology Opportunities Fund

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

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

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Career Counsellor - Answered on Sep 19, 2024

Question by MOHIT - Jun 26, 2024Hindi

Career

Sir, I am currently enrolled for diploma in mechanical engineering but im confused about future. I don't know what to do after completing my diploma engineering.

Ans: Go for BE/BTech Lateral Entry and/or pursue some Certifications in Software/IT online to upgrade your skills. Have a LinkedIn Profile, put job alerts, matching your qualifications, know the job market trends and if the need arises upgrade yourself (or) you can apply for core companies if you wish to. All the BEST for Your Bright Future.

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Career Counsellor - Answered on Sep 19, 2024

Asked by Anonymous - Sep 19, 2024Hindi

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I am looking for course in supply chain which should wort it in my career I am having 15 years of experience in logistics

Ans: Lot of options for online MBA with specialization in Supply Chain such as, SRM, Greatlakes, Jain, Dy Patil, Mysore University, UpGrad, IIM-Indore, Manavrachna, Symbiosis etc. Please check the accreditation/AICTE approval of these online programs individually and then join. All the BEST for Your Bright Future.

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Question by Manish - Sep 09, 2024Hindi

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My Son Presently Doing BCA after he wants AI ( Artificial Inelegance) Degree so please advice best Institutes

Ans: Manish Sir, Your son can pursue MCA in AI with Galgotia University, Chandigarh University, LPU, Christ University, Jaipur National University etc. All the BEST for Your Son's Bright Future.

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Asked by Anonymous - Aug 09, 2024Hindi

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I am married woman .i have an affair with unmarried man since last 4 year .. now he plans to marry and cut the relationship but I can’t accept it all .. .. what should I do

Ans: Dear Anonymous,

I don't know what pushed you to seek a relationship outside of your marriage; I am also not assuming that you have an open marriage- keeping that in mind, I don't see how you are not okay with the guy getting married. You are married, and you can never have a marital relationship with the guy. The relationship you share with him is not legitimate and it won't be unless you leave your husband. You didn't mention divorce, so I am assuming you don't plan to do so. Then why do you expect him to stick with you without any prospect of a future? Please consider what I said. I am sure you already know this, but it's time you come to terms with it.

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Question by Pankaj - Jul 27, 2024Hindi

Relationship

Hi MA'AM/SIR I've have been in a relationship from past 3-4 years But our family members are bot agreeing for marriage Because we both have same Surname. What to do?

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Please try to sit them down and have a logical conversation- I am sure you already did, but this time, point out all the positives of the relationship and ask them how can one overshadow all the good things about the relationship. See if that helps.

Best Wishes.

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Dating, Relationships Expert - Answered on Sep 19, 2024

Asked by Anonymous - Sep 10, 2024Hindi

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Hello, we got a biodata of a guy 15 days back from a family friend. We enquired about him everything seems perfect. My uncle went to meet the family now we gave them my biodata so should I send him friend request on Instagram or wait for their reply. As i know there are chances they might reject the biodata but if he see my Insta maybe he gets interested

Ans: Dear Anonymous,

It is totally up to you. But I would suggest waiting a few days till they get back to you with an answer. It might come off a bit pushy and in case the guy does not reciprocate the feeling, things might get awkward. So, even though there is no harm in sending a request now, it would be better for all parties involved, if you wait a little.

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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