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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Dec 09, 2022

Mutual Fund Expert... more
Balaji Question by Balaji on Dec 09, 2022Hindi
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Money

I'm 39 years Old - Need your advise - I have yet to start the SIP or Mutual investments in my life due to fear factor. But i thought i can start something now due to age and plan for my kids wellness.
Currently My Investments will be as per below:

  1. LIC Jeevan Anand - 60k Per Year
  2. LIC Super Annuation 84k Per year
  3. NPS - 57K Per year

Please advise for investments.

Ans: You can start investment in hybrid funds like ICICI Pru Balanced Advantage Fund, HDFC Balanced Advantage Fund, Edelweiss Balanced advantage 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.
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Hardik

Hardik Parikh  |106 Answers  |Ask -

Tax, Mutual Fund Expert - Answered on May 11, 2023

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Hello Hardik Ji, I am 52 year with a monthly income of around 75K-80K. I want to start the MUTUAL FUNDS / SIP investments for my retirement & my children Future who are in their twenties. Right now I am putting regular money in BANKS RD's / FD's only. Kindly advise / suggest how can i go ahead. Thanks & Regards, RV
Ans: Hello Rahul Ji,

I appreciate that you are thinking about your retirement and your children's future. As a financial advisor, I would be happy to help you start investing in mutual funds and SIPs. Before diving into specific suggestions, let's first understand your financial goals and risk appetite.

Given your age and monthly income, you should aim to diversify your investments for long-term wealth creation and financial stability. While RDs and FDs offer low risk and guaranteed returns, they may not be sufficient for higher returns and beating inflation in the long run. Mutual funds and SIPs can help you achieve better returns, provided you make well-informed decisions and stay invested for a long period.

Here are some steps to help you get started:

Define your goals: Identify the specific financial goals you want to achieve through your investments, such as your retirement corpus and your children's higher education or marriage expenses.
Assess your risk appetite: Determine your willingness and ability to take risks in your investments. As you have been investing in FDs and RDs, it seems that you prefer low-risk options. However, considering your age and goals, you may want to include some moderate to high-risk investments in your portfolio for better returns.
Diversify your portfolio: Invest in a mix of equity, debt, and hybrid mutual funds to spread the risk and optimize returns. You can consider investing in large-cap, mid-cap, and small-cap funds, balanced funds, and debt funds based on your risk appetite and goals.
Start with SIPs: Systematic Investment Plans (SIPs) allow you to invest a fixed amount regularly in a mutual fund, which helps in inculcating a disciplined savings habit and averaging out market volatility.
Consult a financial advisor: For personalized advice, you may want to consult a professional financial advisor who can help you select the right funds and create a tailored investment plan based on your goals, risk appetite, and investment horizon.
Remember, mutual fund investments are subject to market risks, and it's essential to stay informed and monitor your investments periodically. I hope this helps you get started on your journey to financial planning for your retirement and children's future.

Wishing you all the best, Rahul Ji!

Warm Regards,
Hardik

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Ramalingam

Ramalingam Kalirajan  |7831 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

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Hello Madam/ Sir, I am 42 yrs old and want to start investment in stock, mutual fund and SIP. Already having own house, secure education fund for my child. I am able to invest every month 30k till 10 yrs. Based on that can you please suggest best option with good returns on investment.
Ans: Let's explore your investment options to achieve good returns over the next decade. Considering your goals and financial situation, here are some suggestions:

Investment Goals
Regular Investment: Investing Rs 30,000 every month for 10 years.

Stock Market Investments: Diversifying into stocks and mutual funds for better returns.

Secure and Growth-Oriented Portfolio: Balancing risk with potential growth.

Stock Market Investments
1. Direct Equity Investments:

Invest in fundamentally strong companies.

Focus on sectors with high growth potential.

Regularly monitor and review your portfolio.

2. Actively Managed Mutual Funds:

These funds are managed by experienced fund managers.

They aim to outperform the market by selecting high-potential stocks.

Offer better returns compared to passive index funds.

Systematic Investment Plan (SIP)
1. Consistent Investments:

SIP allows you to invest a fixed amount regularly.

It averages out the cost of purchase.

Suitable for long-term wealth creation.

2. Benefits of Regular Funds via MFDs:

Professional Guidance: An MFD with CFP credential provides expert advice.

Market Insights: Helps in selecting the right funds.

Regular Monitoring: Ensures your investments align with your goals.

Asset Allocation
1. Diversification:

Spread investments across different asset classes.

Reduces risk and enhances returns.

2. Risk Management:

Mix of equity, debt, and hybrid funds.

Adjust the allocation based on market conditions.

Debt Investments
1. Fixed Deposits and Bonds:

Provide stable and low-risk returns.

Suitable for capital preservation.

2. Public Provident Fund (PPF):

Long-term savings scheme with tax benefits.

Offers attractive interest rates.

Gold Investments
1. Gold Schemes:

Hedge against inflation and market volatility.

Invest in gold bonds or mutual funds.

Insurance
1. Term Insurance:

Ensure adequate life cover for your family.

Pure protection plan without investment components.

Regular Review and Adjustment
Periodic Reviews: Regularly review your portfolio.

Adjustments: Make necessary adjustments based on performance.

Avoid Common Pitfalls
1. Direct Funds:

Lack professional guidance.

May not align with your financial goals.

2. Index Funds:

Passive in nature.

Do not aim to outperform the market.

3. Annuities:

Often have lower returns.

Lack flexibility compared to mutual funds.

Final Insights
Investing Rs 30,000 monthly in stocks, mutual funds, and SIP can yield significant returns over 10 years. Diversify your portfolio, seek professional guidance, and review investments regularly. Avoid direct funds, index funds, and annuities for better growth and security.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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Dr Nagarajan Jsk

Dr Nagarajan Jsk   |229 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Feb 05, 2025

Asked by Anonymous - Jan 31, 2025Hindi
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My child will be appearing for NEET UG 2025 for the fourth time. Each time his performance has been abysmal, which, I know, is going to be repeated this year too. We have already asked him to move ahead but he is adamant on appearing in NEET which is beyond his calibre. He doesn't have any idea what to do next, has never thought of a Plan B,C or D. Kindly guide as to how plan a career ahead for him. Is there any sort of psychoanalysis to know what is the right study option for him and where to get it done. I can't afford crores of rupees in pvt. medical colleges/abroad .I can take professional assisstance . Kindly give me contact number/ email ID. Thanks.
Ans: Hi Sir,

Don't worry. First, it's important to counsel him.

The health sector is a promising field, which is why I believe your son is so determined to appear for the NEET exam, even though this will be his fourth attempt. It’s natural for him to feel a bit worried. I think he needs to reflect on why he hasn't been able to succeed so far. It's crucial for him to analyze where the problems lie. For example, if he's struggling with chemistry, he should focus more on that subject, as well as the others he finds challenging.

He has a lot of homework to do, including taking mock tests and learning effective strategies rather than just simple ideas.

I have one question: Has he enrolled in any study or coaching center for NEET preparation? If so, it would be beneficial to discuss ways to improve his performance.
If he has prepared himself, kindly approach the best coaching center near your area. For more information about us, you can contact the admin.

Poocho. Life Change Karo!

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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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