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Ramalingam

Ramalingam Kalirajan  |8103 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - May 04, 2024Hindi
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Hi, I am investing in ICICI ELSS fund 4000, ICICI value discovery 2000, icici bluechip fund 2000, quant small cap fund direct 5000, icici technology fund 3000, aditya birla psu fund 10000 Currently, I have a made a corpus of 2000000 as i was investing in few of the above fund since 6, 7 years. I am currently 30 years old and have 1.35 lacs in hand and including variable pay, if we distribute it monthly, salary reaches to total 1.5 lacs per month but i have to support my parents so i provide 25k monthly to them. Now i am going to get married. I dont have any loan or any other kind of debt. Though i may need to buy a flat in few years as i have to stay in the office location. Is it a good portfolio to hold or should i decrease it or change the funds?

Ans: It's impressive to see your disciplined approach to investing and your commitment to supporting your family while planning for your future. Let's review your investment portfolio and discuss how you can optimize it to align with your evolving financial goals.

Evaluating Your Portfolio
Your current investment portfolio consists of a mix of mutual funds spanning various market segments and themes. Here's a breakdown of each fund:

ICICI ELSS Fund: A tax-saving fund offering potential tax benefits under Section 80C of the Income Tax Act, suitable for long-term wealth creation while saving on taxes.

ICICI Value Discovery: A value-oriented fund focusing on undervalued stocks with the potential for long-term growth, suitable for patient investors.

ICICI Bluechip Fund: Invests in large-cap companies with stable earnings and strong fundamentals, offering stability and growth potential.

Quant Small Cap Fund Direct: Invests in small-cap companies with high growth potential, suitable for investors with a higher risk tolerance and longer investment horizon.

ICICI Technology Fund: Focuses on the technology sector, which has shown significant growth potential in recent years. However, sectoral funds can be volatile and may require careful monitoring.

Aditya Birla PSU Fund: Invests in stocks of public sector undertakings (PSUs), offering stability and potential dividends. However, PSU funds may underperform during certain market conditions.

Recommendations for Optimization
Considering your financial goals, upcoming marriage, and potential future expenses, here are a few suggestions to optimize your portfolio:

Diversification: While your portfolio is diversified across different sectors and market caps, consider reducing concentration risk by diversifying further. You may explore adding international funds or debt funds to your portfolio for additional diversification.

Review Performance: Monitor the performance of each fund regularly and assess whether they continue to align with your investment objectives. Consider replacing underperforming funds with better alternatives, if necessary.

Allocate for Short-Term Goals: Since you plan to buy a flat in the near future, allocate a portion of your investments towards a liquid or short-term debt fund to accumulate funds for the down payment.

Seek Professional Advice: Consider consulting with a Certified Financial Planner to develop a personalized financial plan tailored to your specific needs and goals. A professional advisor can provide valuable insights and recommendations based on your unique circumstances.

Conclusion
While your current portfolio is well-structured, it's essential to periodically review and adjust your investments to adapt to changing life circumstances and market conditions. By staying proactive and informed, you can build a strong financial foundation to support your future aspirations.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
Asked on - May 28, 2024 | Answered on May 28, 2024
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Ans: You're welcome! If you have any more questions or need further assistance, feel free to ask. Best wishes on your financial journey!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
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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My son got 97.56 in general category. Any chances of getting cse at NIT. Regards
Ans: Sitansu Sir, Here is, How to Predict Your Son's Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

Once the January JEE Main session results are declared, many students and JEE applicants start asking common questions about eligibility for specific institutes (NITs, IIITs, GFTIs, etc.) based on their percentile, category, preferred branch, and home state.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Son's Key Details
Before starting, note down the following details:

Your Son's JEE Main percentile
Your Son's category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
His Preferred institute types (NIT, IIIT, GFTI)
HIs Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch your son is interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Son's Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your son's expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engieering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your Son's admissions!

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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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