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Milind

Milind Vadjikar  |1086 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 15, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Oct 15, 2024Hindi
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Hi Milind, Good day!! I am 49 years old having a monthly SIP of 80 K monthly in A) Nippon Small Cap - 10 k B) MOSL Mid cap- 7.5K C) SBI Contra- 7.5 k D) ICICI BHARAT 22 FOF- 10k E) ICICI Nifty Next 50- 7.5k F) SBI ( ELSS) long term equity- 10 K G) Parag Parikh Flexi cap- 7.5K H) Quant Large & Mid cap- 10K I) QUANT infra- 5k J) Aditya Birla PSU- 5 K Kindly guide if the allocation and SIP amount is correct. I am targetting a corpus of 3cr+ in next 11 years. Regards, Kaushik

Ans: Hello;

I recommend the following fund wise allocation:

1. Franklin India ELSS tax saver: 20 K
2. PPFAS flexicap fund: 20 K
3. Kotak Emerging Opportunities Fund: 20 K
4. Mirage Asset midcap fund: 10 K
5. Nippon India Small cap fund: 10 K

Funds recommended are in the top quartile in their category.

Coming to the target of 3 Cr+ in 11 years for the achievement of which you may top-up monthly SIP each year by minimum 7% upto 11 years.

Or

Increase the flat monthly SIP amount to 1.05 L. (Invest in same proportion, as given above, for the enhanced amount)

As you get nearer to your time horizon it is important to transfer gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
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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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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