Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Jun 07, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Sadik Haidry Question by Sadik Haidry on Jun 07, 2023Hindi
Listen
Money

I have invested sip in mutual fund 1. SBI small cap 1k p/m 2.nippon india small cap 1.5k p/m. 3.lic large and midcap 1k p/m. 4.icici transport and logistics 1k p/m. I want to increase my investment with moderate to no risk for 10yrs suggest me good Amc for sip

Ans: Dear Sadik
I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down. Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.

You have written that you want a moderate to no risk for 10 years’ investing. I have two points in this:-
1. If you are investing for such a long term, you definitely should take some risk. If you don’t, you will not get any growth in your portfolio after catering to inflation and tax.
2. If you actually do not want any risk, then your portfolio is absolutely unsuitable for you since it has very risky funds – 2 small cap funds, 1 large & mid cap fund and 1 thematic fund.

The portfolio that I would suggest is:-
1. Large Cap - 20%
2. Flexicap – 20%
3. Midcap – 20%
4. Aggressive Hybrid – 20%
The funds can be found out from so many websites which give a ranking of the funds.
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.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |4270 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Listen
Money
Hi Experts, I am 35 years old and having SIPs in below mutual funds ICICI prudential Long Term equity fund (Tax Saving) Direct Plan Growth - SIP - Rs 3500 Axis Long term Equity Direct plan Growth (tax Saving)- SIP - Rs 3500 SBI Small Cap - SIP - Rs 3000 Mirae Asset Tax Saver Fund Direct growth - SIP - Rs 3500 Parag Parekh Flexi Cap Fund Direct Growth - SIP - Rs 7000 Axis Mid Cap Direct Plan Growth - SIP - Rs 5000 Nippon India multicap fund -SIP- Rs 10000 My total SIP is around Rs 36000 across all. I would like to invest Rs 15000 more on SIP. I know my small cap allocation is low because some one has scared me of small cap because of volatility. Can you suggest where can I invest extra Rs 15000 per month SIP. I have recently top up my mutual fund SIPs. I am looking for long time investment.
Ans: It's commendable that you're regularly investing through SIPs and looking to further diversify your portfolio. Here's a suggestion for investing an additional Rs 15,000 per month:

Since you're concerned about volatility in small-cap funds, consider allocating a portion of the additional Rs 15,000 to large-cap or multi-cap funds for stability and downside protection.
Look for funds with a proven track record of consistent performance and experienced fund managers. Consider factors like expense ratio, fund size, and portfolio composition when evaluating options.
Given your long-term investment horizon, you can afford to take some risk for potentially higher returns. Hence, consider allocating a portion of the additional SIP amount to mid-cap or small-cap funds for growth opportunities.
Remember to maintain a balanced portfolio across different market segments and asset classes to manage risk effectively.
Regularly review your SIP investments and make adjustments as needed based on changes in your financial situation or market conditions.
Consult with a Certified Financial Planner to receive personalized advice tailored to your specific needs and goals.
By diversifying your SIP investments across different market segments and staying disciplined with your investment strategy, you can maximize the potential for long-term wealth creation while managing risk effectively.

..Read more

Latest Questions
Career

Career Coach  |43 Answers  |Ask -

Workplace Expert - Answered on Jul 05, 2024

Asked by Anonymous - Jun 14, 2024Hindi
Listen
Career
My family is based in Chicago, and I'm considering sending my children to India for their higher education. What are some of the best universities for NRI students. My son wants to study engineering and our daughter wants to pursue a career in medicine. What is the admission process like?
Ans: India has several prestigious universities that offer excellent programs in engineering and medicine. Here are some of the top institutions for each field, along with an overview of the admission process for NRI (Non-Resident Indian) students:

Top Universities for Engineering:

1. Indian Institutes of Technology (IITs)
- Popular IITs: IIT Bombay, IIT Delhi, IIT Kanpur, IIT Madras, IIT Kharagpur.
- Admission Process: NRI students can apply through the Direct Admission of Students Abroad (DASA) scheme or the JEE (Joint Entrance Examination) Advanced if they have completed their schooling in India.

2. Birla Institute of Technology and Science (BITS) Pilani
- Campuses: Pilani, Goa, Hyderabad, Dubai.
- Admission Process: Admission is primarily through the BITSAT (BITS Admission Test). NRIs are required to take the same exam, but there are a few seats reserved under the international student category.

3. National Institutes of Technology (NITs)
- Popular NITs: NIT Trichy, NIT Surathkal, NIT Warangal.
- Admission Process: NRI students can apply through the DASA scheme.

4. Vellore Institute of Technology (VIT)
- Admission Process: Admission is through the VITEEE (VIT Engineering Entrance Examination). There are provisions for NRI students as well.

Top Universities for Medicine:

1. All India Institute of Medical Sciences (AIIMS)
- Campuses: New Delhi, Bhopal, Bhubaneswar, Jodhpur, Patna, Raipur, Rishikesh.
- Admission Process: Admission is through the NEET-UG (National Eligibility cum Entrance Test - Undergraduate). AIIMS has a few seats reserved for foreign nationals and NRIs.

2. Christian Medical College (CMC), Vellore
- Admission Process: Admission is through NEET-UG, followed by an assessment of merit and an interview. There are a few seats reserved for NRIs.

3. Armed Forces Medical College (AFMC), Pune
- Admission Process: Admission is through NEET-UG, followed by an interview and medical test. There are seats reserved for NRIs/PIOs.

4. Manipal Academy of Higher Education (MAHE)
- Campus: Manipal.
- Admission Process: Admission is through the NEET-UG. There are special provisions for NRI/foreign students.

Admission Process for NRIs:

1. Eligibility: Ensure that your children meet the eligibility criteria, such as having completed 10+2 or equivalent education with the required subjects (Physics, Chemistry, Mathematics/Biology).

2. Entrance Exams:
- Engineering: JEE Main/Advanced, BITSAT, VITEEE, etc.
- Medicine: NEET-UG.

3. Application Process:
- Register and apply for the relevant entrance exams.
- Prepare the necessary documentation, including proof of NRI status, academic records, and other required certificates.

4. Counseling and Seat Allocation:
- For most institutions, there will be a counseling process where students are allocated seats based on their entrance exam scores and preferences.
- Specific institutions may have additional interviews or assessments for final admission.

5. Scholarships and Quotas:
- Some universities offer scholarships or reserved seats for NRI students. Check the specific university websites for detailed information.

6. Accommodation and Facilities:
- Many universities provide hostel facilities and other support services for NRI students to help them adjust to life in India.

By considering these top institutions and understanding the admission processes, your children can have a smooth transition to pursuing higher education in India.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x