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Advait

Advait Arora  |1263 Answers  |Ask -

Financial Planner - Answered on May 09, 2023

Advait Arora has over 20 years of experience in direct investing in stock markets in India and overseas.
He holds a masters in IT management from the University Of Wollongong, Australia, and an MBA in marketing from Charles Strut University, NewCastle, Australia.
Advait is a firm believer in the power of compounding to help his clients grow their wealth.... more
Shailendra Question by Shailendra on May 01, 2023Hindi
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I have irctc @ 695.its trading now @ 617. So,Should I sell or not at this price?

Ans: good company, can hold for long term

please note : Investing strategies depends on your risk appetitive, so Please consult your financial advisor and then take further decision.
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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Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jul 14, 2024Hindi
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I am a 27 years old Software Engineer. I had a fixed income of 1 Lakh per month, out of which my expenses were 25k to parents, 10k to spouse and 15k monthly personal expenses. After all expenses I would save 50k per month. I recently got a job offer of 42 LPA, so my income now is 3.5L per month. I don't intend to change my lifestyle, so my expenses would still be 50k per month, and I intend to save around 3L per month. I had invested in Equity Funds once a small amount of 10k, and it had given decent returns so I would like to know how I can best utilise my new income going forward from here, not just in equity funds but everywhere, where I can invest that will help me grow. I don't have any emi or loans.
Ans: You are a 27-year-old software engineer.

Your new job offers Rs 42 LPA, so your income is Rs 3.5L per month.

Your monthly expenses are Rs 50k, allowing you to save Rs 3L per month.

You have previously invested Rs 10k in equity funds with good returns.

Financial Goals and Planning
Emergency Fund
Priority: Build an emergency fund.

Liquidity: Keep 6-12 months' expenses in a savings account or liquid funds.

Purpose: Provides financial security during emergencies.

Diversified Investment Strategy
Equity Mutual Funds
Growth Potential: Allocate Rs 1L to equity mutual funds.

Fund Types: Invest in large-cap, mid-cap, and diversified equity funds.

SIPs: Continue with systematic investment plans for rupee cost averaging.

Debt Mutual Funds
Stability: Allocate Rs 50k to debt mutual funds.

Safety: Provides stability and reduces overall portfolio risk.

Returns: Offers better returns than traditional savings accounts.

Balanced Mutual Funds
Hybrid Approach: Invest Rs 50k in balanced or hybrid funds.

Balance Risk: These funds balance equity and debt, offering moderate risk and returns.

ELSS Funds
Tax Benefits: Invest Rs 50k in ELSS funds for tax savings under Section 80C.

Equity Exposure: Provides equity exposure with tax benefits.

PPF and NPS
Long-Term Security: Invest Rs 25k in Public Provident Fund (PPF).

Retirement Planning: Consider investing Rs 25k in the National Pension System (NPS) for retirement planning.

Gold and Digital Gold
Diversification: Invest Rs 20k in gold or digital gold.

Hedge Against Inflation: Gold acts as a hedge against inflation.

Insurance Coverage
Health Insurance
Adequate Cover: Ensure you have adequate health insurance coverage for yourself and dependents.

Additional Coverage: Consider a top-up plan if needed.

Term Insurance
Life Cover: Consider a term insurance plan for financial security for your family.

Adequate Sum: Ensure the cover is sufficient to support your dependents in case of unforeseen events.

Regular Review and Adjustments
Annual Financial Review
Performance Check: Review your portfolio annually.

Rebalance: Adjust your investments based on performance and changing goals.

Final Insights
Your new income allows for substantial savings and investment opportunities. Diversify your investments across equity, debt, and balanced mutual funds. Consider tax-saving instruments like ELSS and PPF. Ensure adequate insurance coverage for health and life. Regularly review and adjust your portfolio to stay aligned with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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.

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