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Sudhanshu

Sudhanshu Singh  |5 Answers  |Ask -

Answered on Apr 12, 2022

Pranavati Question by Pranavati on Apr 12, 2022Hindi
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My MF journey began some 5 years ago and I have a pretty diversified portfolio.

I need to grow my money quickly and so planning to go for top up SIPs in solid funds. Somebody told me that I cannot do this via SIPs in my existing MF portfolio. Will I need to cancel my existing MF SIPs to do this? My existing portfolio is doing good and I don't want to disturb it. I want create a long term portfolio. Please advise.

Ans: It is wrong to say that it cannot be done by top ups in current SIPs; it can be done. But it is never a good investment method of going for top ups. Let the current portfolio go as it is going and see your money go up gradually. For growing your money quickly, I will suggest to find new upcoming NFOs in good AMCs and start a fresh long term portfolio in growth-based equity mutual fund that will achieve your targets.

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  |8291 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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Hello Sir, I am 34 years old and with 10 years in mind for investment to reach 10CR, I have planned to invest 2 lakh monthly in SIP with stepping up by 10 % every year. I have already invested 15 lakhs in Mutual fund th. SIP, 15 lakhs in shares and 20 lakhs in PPF. and .Shall I increase the already invest amount in MF or shall take 1-2 more MFs scheme like Multi-Cap/Large Cap/another Flexi Cap OR any hybrid MF schemes Would taking 1-2 more MF scheme will overdiversify the portfolio? Can you please suggest some pointers on this.
Ans: Current Investment Analysis
You have invested Rs. 15 lakhs in SIPs, Rs. 15 lakhs in shares, and Rs. 20 lakhs in PPF. Your plan to invest Rs. 2 lakhs monthly with a 10% yearly step-up is commendable.

Assessing Diversification
Adding 1-2 more mutual funds could be beneficial. However, ensure they align with your financial goals and risk tolerance.

Multi-Cap Funds
Multi-cap funds offer exposure across market capitalizations. They balance risk and reward effectively.

Large-Cap Funds
Large-cap funds invest in established companies. They provide stability and steady returns.

Flexi-Cap Funds
Flexi-cap funds have flexibility to invest in any market cap. They adapt to market conditions, optimizing returns.

Avoiding Over-Diversification
Too many funds can dilute returns. Stick to a manageable number, focusing on quality and performance.

Investment Strategy
Step-Up SIP
Continue with your step-up SIP strategy. It will enhance your investment corpus significantly over 10 years.

Hybrid Funds
Consider hybrid funds for balanced risk. They invest in both equity and debt, providing stability and growth.

Final Insights
Evaluate your current funds. Add 1-2 more aligned with your goals. Avoid over-diversification by focusing on quality. Your step-up SIP strategy is excellent for reaching your Rs. 10 crore goal.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Nayagam P

Nayagam P P  |4463 Answers  |Ask -

Career Counsellor - Answered on Apr 25, 2025

Career
Sir my daughter got 90% in jee mains she can get NIT cse course sir I. Am genral category
Ans: Miranalini Madam, Here is, How to Predict Your Daughter's Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

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 daughter's admission chances based on the previous year’s data.

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

Her JEE Main percentile
Her category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Her Preferred institute types (NIT, IIIT, GFTI)
Her 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 she is 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 her preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Her 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 both Home State (HS) i.e. State your daughter belongs to & also Other State (OS).
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in, separately for HS & OS Categories for a quick reference.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Her 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 her 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 engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your daughter'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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