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Nikunj Saraf  | Answer  |Ask -

Mutual Funds Expert - Answered on Dec 15, 2022

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
NABENDU Question by NABENDU on Dec 15, 2022Hindi
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I am investing in below funds on monthly basis through SIP.

Axis Long Term Equity 7000 ICICI Pru Bluechip Fund 6000

Mirae Blanced Advantage Fund 4500 Mirae Emerging Bluechip Fund 5500 10 lakh accumulated so far

I plan to accumulate 2 cr by 2035. How much more do I need to save monthly from April 2023 to achieve my goal?

Ans: Hi NABENDU DAS. To achieve the corpus of 2 Cr by 2035 you may increase the sip amount to Rs.36000 approx.

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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Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2024

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I am 45 years now. I have started investing in 10 mutual funds 8k each amounting to Rs8000 monthly SIP. Funds like contra, growth, hybrid, flexi, midcap, smallcap. My goal is to fetch 1Cr after 5 years. How much should I have to increase the sip amount every year to reach this goal?
Ans: Your commitment to investing is commendable, and your goal of accumulating 1 crore in 5 years is ambitious yet achievable with prudent planning. Let's assess the adjustments needed in your SIPs to reach this milestone.

Given your current SIP of 8k per fund per month across 10 mutual funds, totaling 80k monthly, we can evaluate the required increase in SIP amount annually to meet your target.

Firstly, we'll need to estimate the expected rate of return on your mutual fund investments. Since you've invested across various categories like contra, growth, hybrid, flexi, midcap, and smallcap, your portfolio's expected return could vary based on market conditions and fund performance. Historically, equity investments have yielded returns ranging from 12% to 15% over the long term.

Assuming a moderate annual return of 12%, we can use a financial calculator or formula to determine the required SIP amount increase.

Considering the compounding effect, you would need to increase your SIP amount by approximately 20-25% annually to reach your 1 crore target in 5 years.

However, this calculation is based on various assumptions and market conditions, which may fluctuate. Therefore, it's crucial to periodically review your investments and adjust your SIP amounts accordingly to stay on track towards your goal.

Additionally, consulting with a Certified Financial Planner can provide personalized insights and strategies to optimize your investment approach and ensure you're making informed decisions aligned with your financial objectives.

In summary, increasing your SIP amount annually by around 20-25% can help you achieve your target of accumulating 1 crore in 5 years, provided that your investments generate expected returns. Regular monitoring and professional guidance are key to navigating market dynamics and achieving your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

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

Asked by Anonymous - May 23, 2024Hindi
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Hi, I am 47 , just bought a house of 90L , with 10 Lacs loan, i have 30 L in mutual funds, i have goal of 2 crores till retirement which can take care of my regular expenses. How much should i save in SIP so that i can reach that goal.
Ans: Crafting Your Financial Journey to a ?2 Crore Retirement Corpus
Understanding Your Financial Landscape
You are 47 years old and have recently purchased a house worth ?90 lakhs, with a ?10 lakh loan. Additionally, you have ?30 lakhs invested in mutual funds. Your goal is to accumulate ?2 crores by retirement to secure your regular expenses. Achieving this requires a clear and strategic savings plan through Systematic Investment Plans (SIPs).

Genuine Compliments and Understanding
Your foresight in planning for retirement and taking actionable steps shows great financial prudence. Investing in mutual funds and securing a home demonstrates a balanced approach to building wealth and stability.

Evaluating Your Current Situation
Current Investments and Assets
Home Value: ?90 lakhs
Outstanding Loan: ?10 lakhs
Mutual Funds: ?30 lakhs
With a solid foundation in mutual funds and real estate, your next focus should be increasing your investments to meet your retirement goal.

Setting a Realistic SIP Target
Calculating the SIP Amount
To reach ?2 crores by retirement, you need to consider several factors:

Current Mutual Fund Value: ?30 lakhs
Time to Retirement: Assuming you plan to retire at 60, you have 13 years.
Required Corpus: ?2 crores
Existing Assets: ?30 lakhs in mutual funds
The remaining amount to be accumulated is ?1.7 crores. To determine the exact SIP amount, consult with a Certified Financial Planner (CFP) who can consider market conditions, expected returns, and your risk tolerance.

Creating a Diversified Investment Strategy
Choosing the Right Mutual Funds
Equity Mutual Funds: Allocate a significant portion to equity mutual funds for high growth potential. Diversify across large-cap, mid-cap, and multi-cap funds to spread risk.
Debt Funds: Include debt funds to balance risk and provide stability. Short-term and medium-term debt funds can offer steady returns with lower risk.
Balanced Funds: Consider balanced funds that invest in both equities and debt instruments. These funds provide a mix of growth and stability.
Benefits of Actively Managed Funds
Actively managed funds are preferable over index funds for achieving specific financial goals. These funds benefit from expert fund managers who adjust the portfolio based on market conditions. Investing through a CFP ensures that you receive professional advice and a tailored investment strategy.

Regular Monitoring and Adjustment
Performance Review
Regularly review your investment portfolio’s performance. This ensures that your investments are aligned with your goals and allows for timely adjustments based on market trends and personal circumstances.

Rebalancing Portfolio
Periodic rebalancing of your portfolio is essential. This process involves adjusting the allocation between equities and debt to maintain the desired risk-return balance. Rebalancing helps in optimizing returns and managing risks effectively.

Importance of Professional Guidance
Role of a Certified Financial Planner
A CFP can provide personalized advice tailored to your financial situation and goals. They help in creating a strategic investment plan, selecting the right funds, and making necessary adjustments over time. Working with a CFP ensures that your investment journey is well-guided and on track.

Avoiding Common Pitfalls
Disadvantages of New Fund Offers (NFOs) and Sectoral Funds
New Fund Offers (NFOs) often lack a performance track record, making them riskier compared to established funds. Sectoral funds, which focus on specific industries, can be highly volatile. Diversified mutual funds offer a balanced risk-return profile and are generally safer for long-term goals.

Risks of Direct Funds
Investing in direct funds might save on commission fees but often lacks professional guidance. Regular funds, managed by experienced professionals and recommended by CFPs, can provide better risk management and potentially higher returns.

Conclusion
To achieve your goal of accumulating ?2 crores by retirement, start with a well-planned SIP strategy. Invest in a mix of equity, debt, and balanced funds, and seek guidance from a certified financial planner. Regularly review and adjust your portfolio to stay aligned with your financial objectives.

Your proactive approach to securing your retirement and providing for your future expenses is commendable. With a strategic investment plan and professional guidance, you are well on your way to achieving your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Nayagam P

Nayagam P P  |8925 Answers  |Ask -

Career Counsellor - Answered on Jul 16, 2025

Asked by Anonymous - Jul 16, 2025Hindi
Career
Hello sirji I got place at NIELIT Ajmer and Thapar both CSE and in NIELIT cyber security and I am from Haryana so wht should I choose?
Ans: As a student from the State of Haryana you are offered seats at NIELIT Ajmer for CSE and Cyber Security alongside CSE at Thapar University, a comprehensive evaluation reveals distinct academic and career pathways. NIELIT Ajmer’s B.Tech in Computer Science and Engineering covers Internet of Things, Cyber Security, and Blockchain Technology with a 60-seat capacity, admission via JEE Main closing around 47,166 for general category, and government-funded programs under MeitY ensuring affordable fees and specialized labs. Thapar University’s CSE achieved an 83% placement rate in 2023 with 334 recruiting companies, robust T&P infrastructure, and major recruiters like Google, Amazon, Microsoft, Deloitte, and IBM. Thapar’s average package of ?11.90 LPA underscores consistent industry engagement and comprehensive training. NIELIT Ajmer Cyber Security offers targeted government-backed certification courses, dedicated placement cells, and proximity to Haryana (~322 km), while NIELIT Ajmer CSE remains nascent with limited placement history. Both institutions feature modern laboratories, libraries, and safe residential facilities supporting holistic student development.

Recommendation: Choose Thapar University CSE for its better job placement record, strong ties with companies, and good academic standing; look at NIELIT Ajmer Cyber Security for affordable, government-supported training in new security technologies; steer clear of NIELIT Ajmer CSE because it has little job placement information and is still growing. All the BEST for Admission & a Prosperous Future!

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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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