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Ramalingam

Ramalingam Kalirajan  |3763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 25, 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
Ajay Question by Ajay on May 24, 2024Hindi
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Hi money guru, im investing 30k sip in below funds can you please look into these and suggest if any changes need for better growth, my target is for retirement in 10 years with high returns i can take risk as im 33 years old now, and i would like to invest for mi kids in one fund as well with another 5ksip, please suggest My funds Nippon small cap 6k Quant mid cap 6k Hdfc mid cap 6k Axis small cap 6k Paragh parik flexi cap 6k Please help me if any changes required for high returns Thanks

Ans: It’s commendable that you are investing Rs 30,000 per month in SIPs for your retirement. At age 33, you have a significant investment horizon, which allows for a higher risk appetite and potential for high returns. Let’s evaluate your current investments and suggest any necessary changes for better growth.

Current Investments
Your portfolio currently includes:

Nippon Small Cap: Rs 6,000
Quant Mid Cap: Rs 6,000
HDFC Mid Cap: Rs 6,000
Axis Small Cap: Rs 6,000
Parag Parikh Flexi Cap: Rs 6,000
Evaluation of Current Funds
Small Cap Funds: You have significant exposure to small-cap funds (Nippon and Axis Small Cap). These funds have high growth potential but also come with higher volatility and risk.

Mid Cap Funds: The allocation to mid-cap funds (Quant and HDFC Mid Cap) provides a balance between risk and return, with potential for substantial growth.

Flexi Cap Fund: Parag Parikh Flexi Cap offers diversification across market capitalizations, providing stability and growth potential.

Suggested Changes for Better Growth
Diversify Further: Your portfolio is heavily weighted towards small and mid-cap funds. Consider adding a large-cap fund to reduce volatility and provide stability.

Balanced Allocation: Aim for a mix of large-cap, mid-cap, and small-cap funds. This strategy balances risk and return effectively.

Reduce Overlap: Ensure that your funds do not have significant overlap in stock holdings. Diversified holdings reduce risk.

Recommended Portfolio Structure
Large Cap Fund: Allocate a portion to a large-cap fund for stability. Large-cap funds invest in established companies, offering steady returns.

Mid Cap Fund: Retain one or two mid-cap funds. They provide a good balance between growth and risk.

Small Cap Fund: Maintain a small portion in small-cap funds for high growth potential. However, avoid over-exposure to reduce risk.

Flexi Cap Fund: Keep the Parag Parikh Flexi Cap for its diversified approach.

Suggested Allocation
Large Cap Fund: Rs 6,000
Mid Cap Fund: Rs 6,000 (retain one existing fund)
Small Cap Fund: Rs 6,000 (retain one existing fund)
Flexi Cap Fund: Rs 6,000 (retain existing)
Balanced Fund or Multi-Cap Fund: Rs 6,000 (new addition)
Investing for Your Child
For your child’s future, consider a dedicated investment fund. A balanced or child-specific mutual fund can be ideal. These funds offer a mix of equity and debt, ensuring growth with reduced volatility.

Recommended Fund for Child
Child-Specific Fund or Balanced Fund: Rs 5,000 per month. These funds are designed to grow steadily while ensuring capital protection.
Importance of Regular Reviews
Periodic Review: Regularly review your investments to ensure they align with your financial goals and risk tolerance. Market conditions change, and periodic reviews help in making necessary adjustments.

Rebalancing Portfolio: Rebalance your portfolio periodically to maintain the desired asset allocation. This helps in managing risk and optimizing returns.

Benefits of Actively Managed Funds
Actively managed funds offer the potential for higher returns as fund managers make strategic decisions to outperform the market. While index funds provide average market returns, actively managed funds aim to exceed them.

Disadvantages of Direct Funds
Direct funds have lower costs but lack professional guidance. Investing through a Mutual Fund Distributor (MFD) with a CFP credential ensures expert advice and tailored investment strategies.

Conclusion
Your current portfolio has a strong foundation, but it can benefit from further diversification and balanced allocation. Adding a large-cap fund and a balanced fund will reduce volatility and provide steady growth. For your child’s investment, a dedicated child-specific or balanced fund is recommended. Regular reviews and rebalancing will ensure your portfolio remains aligned with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
Asked on - May 27, 2024 | Answered on May 27, 2024
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Thank you so much for your valuable suggestione. I will try to add a large car fund in my portfolio. I have one more question could you please help me with this as well? As im 33 years old, recently took a 2cr term insurance for family protection. As im a corporate employee current company provides a health insurance for me and spouse. Im paying extra amount for parents health insurance in the same company beacuse it will be applicable from day 1. Should i take separate health insurance for me and spouse and parents as well. Note: parents are dependent on me Thanks
Ans: You are welcome!

It's great that you've taken a term insurance policy for family protection. As a corporate employee, your company-provided health insurance for you and your spouse is a good benefit. However, relying solely on employer-provided health insurance may not be sufficient for several reasons.

First, employer-provided health insurance is contingent on your employment. If you switch jobs or face job loss, you may lose coverage, which can be risky. It's wise to have a separate health insurance policy for yourself and your spouse to ensure continuous coverage, regardless of employment status.

Second, company health insurance policies often have coverage limits that may not be adequate for severe or prolonged illnesses. A separate health insurance policy can provide higher coverage and more comprehensive benefits, ensuring better financial protection during medical emergencies.

Moreover, it's advantageous to take separate health insurance while you are still healthy. Securing a policy now means you'll likely get better coverage and lower premiums, which will benefit you significantly during retirement when health issues are more common.

Regarding your parents, since they are dependent on you, it's prudent to have a dedicated health insurance policy for them. Employer-provided health insurance might have limitations on the coverage for dependents, especially for senior citizens, and could be insufficient for their healthcare needs.

In summary, having separate health insurance for yourself, your spouse, and your parents ensures continuous, comprehensive coverage and financial protection against medical expenses, both now and in retirement.

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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Ramalingam

Ramalingam Kalirajan  |3763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 30, 2024

Asked by Anonymous - May 30, 2023Hindi
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Sir, I started investing in mutual funds as SIP ten year back and here are the funds which I am investing. Please take a look and let me know if I need to do any changes in my portfolio. I am planning to invest for a period of 10 years. I want approximately corpus 1 cr after 10 year Also suggest me if I need to do any changes in my portfolio. SBI Small Cap Fund Regular Growth 2000 SBI Long Term Equity Fund 1000 SBI Equity Hybrid Fund Regular 1000 Motilal Oswal Midcap 30 1000 L&T Tax Advantage Fund - Growth 1000 HDFC Top 100 Fund - Regular Plan 1000 DSP Top 100 Equity Fund - Regular 1000 DSP Tax Saver Fund - Regular Plan - 3000 Axis Bluechip Fund - Regular 3000 Axis Flexi Cap Fund - Regular Growth 2000 DSP US Flexible Equity Fund - Gr 1000
Ans: Congratulations on consistently investing in mutual funds through SIPs for the last ten years. This discipline is commendable and crucial for wealth creation. Your goal of building a Rs. 1 crore corpus in the next ten years is achievable with a well-balanced and strategic portfolio. Let’s review your current portfolio and suggest necessary adjustments.

Portfolio Review and Assessment
Current Portfolio
SBI Small Cap Fund Regular Growth: Rs. 2000
SBI Long Term Equity Fund: Rs. 1000
SBI Equity Hybrid Fund Regular: Rs. 1000
Motilal Oswal Midcap 30: Rs. 1000
L&T Tax Advantage Fund - Growth: Rs. 1000
HDFC Top 100 Fund - Regular Plan: Rs. 1000
DSP Top 100 Equity Fund - Regular: Rs. 1000
DSP Tax Saver Fund - Regular Plan: Rs. 3000
Axis Bluechip Fund - Regular: Rs. 3000
Axis Flexi Cap Fund - Regular Growth: Rs. 2000
DSP US Flexible Equity Fund - Growth: Rs. 1000
Diversification and Fund Overlap
Analysis of Fund Types
Small Cap Fund: SBI Small Cap Fund
ELSS Funds: SBI Long Term Equity Fund, DSP Tax Saver Fund, L&T Tax Advantage Fund
Hybrid Fund: SBI Equity Hybrid Fund
Midcap Fund: Motilal Oswal Midcap 30
Large Cap Funds: HDFC Top 100 Fund, DSP Top 100 Equity Fund, Axis Bluechip Fund
Flexi Cap Funds: Axis Flexi Cap Fund
International Fund: DSP US Flexible Equity Fund
Suggested Changes
Reducing Redundancies
Your portfolio has multiple funds in similar categories, which might lead to overlapping. Reducing the number of funds can streamline your portfolio and enhance returns. Here are some suggestions:

Consolidate Large Cap Funds: You have three large cap funds (HDFC Top 100, DSP Top 100, Axis Bluechip). Choose the best performer and consolidate the investment.

Consolidate ELSS Funds: You have three ELSS funds (SBI Long Term Equity, DSP Tax Saver, L&T Tax Advantage). Pick one or two with the best performance and consistency.

Review Hybrid Fund: Hybrid funds provide balanced exposure. Evaluate if the SBI Equity Hybrid Fund aligns with your risk profile and goals. If not, consider redirecting this investment to better-performing equity funds.

Strategic Allocation
Balanced Allocation
Equity Funds: Focus on a mix of large cap, mid cap, and small cap funds for growth potential. A well-diversified portfolio can mitigate risks while maximizing returns.

Tax Saving: Continue with one or two ELSS funds for tax saving under Section 80C.

International Exposure: Retain a portion in international funds like DSP US Flexible Equity to diversify geographical risks.

Sample Rebalanced Portfolio
Large Cap: Choose one or two from HDFC Top 100 Fund, DSP Top 100 Equity Fund, Axis Bluechip Fund (Rs. 6000)

Mid Cap: Continue with Motilal Oswal Midcap 30 (Rs. 1000)

Small Cap: Continue with SBI Small Cap Fund (Rs. 2000)

Flexi Cap: Continue with Axis Flexi Cap Fund (Rs. 2000)

Tax Saving (ELSS): Select one or two from SBI Long Term Equity Fund, DSP Tax Saver Fund, L&T Tax Advantage Fund (Rs. 4000)

International Fund: Continue with DSP US Flexible Equity Fund (Rs. 1000)

Planning for Rs. 1 Crore Corpus
Regular Review
Monitor your portfolio regularly. Track the performance of your funds at least once a year and make adjustments as needed. Consistent review ensures alignment with your goals and market changes.

Increase SIP Amount Gradually
To achieve a corpus of Rs. 1 crore in ten years, consider gradually increasing your SIP amount. As your income grows, scaling up your investments can significantly impact your corpus.

Role of a Certified Financial Planner
A Certified Financial Planner (CFP) can provide personalized advice. They can help create a customized roadmap, considering your risk profile, goals, and market conditions. Consulting a CFP ensures your investments align with your financial objectives and market dynamics.

Systematic Withdrawal Plan (SWP)
For future planning, consider a Systematic Withdrawal Plan (SWP) during retirement. SWP allows you to withdraw a fixed amount regularly from your mutual fund investments. This provides a steady income while keeping the principal invested, ensuring continued growth.

Conclusion
Your disciplined investment approach is commendable. By streamlining your portfolio, focusing on well-performing funds, and regularly reviewing your investments, you can achieve your goal of a Rs. 1 crore corpus. Consult a Certified Financial Planner to tailor your strategy further.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |3763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 04, 2024

Asked by Anonymous - Jan 03, 2024Hindi
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Hi sir.. I have invested 2000 rs sip in each of the following funds. 1.parag Parikh flexi cap 2.pgim flexi cap 3.canara robecco emerging equities 4.sbi magnum midcap 5.bandhan banking and psu fund I am 27 years old and have been investing in these funds since 3 years..plz check my funds and give me some suggestions if needed
Ans: It seems like you have a well-diversified portfolio with exposure to different market segments and investment styles. However, here are a few suggestions to consider:

Review Performance: Evaluate the performance of each fund relative to its benchmark and peers. Look for consistent performance over different market cycles. If any fund consistently underperforms, consider replacing it with a better-performing alternative.

Assess Diversification: Ensure that your portfolio is adequately diversified across asset classes, sectors, and market capitalizations. While you have exposure to flexi-cap, mid-cap, and banking sectors, consider if there are any gaps in your diversification that need to be addressed.

Risk Management: Consider your risk tolerance and investment horizon when reviewing your portfolio. Mid-cap and emerging equities funds tend to be more volatile, so make sure you're comfortable with the level of risk in your portfolio.

Stay Informed: Stay updated on market developments and periodically review your portfolio to make necessary adjustments based on changing market conditions or personal circumstances.

Long-Term Perspective: Since you're relatively young with a long investment horizon, focus on long-term wealth creation and avoid making impulsive decisions based on short-term market fluctuations.

Overall, continue to monitor your portfolio regularly and make adjustments as needed to ensure it remains aligned with your financial goals and risk tolerance. Consider consulting with a financial advisor for personalized advice based on your individual situation.

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Ramalingam

Ramalingam Kalirajan  |3763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Hello Sir, I am 28 years old and currently investing in the following funds for the last 2 years.1. Uti Nifty 50 index (Rs.5000) 2. SBI Small Cap (Rs.4000) 3.Mirae Asset Large & Midcap(Rs2000) and 4.Motilal Oswal Nasdaq 100 fof(Rs.1000). I also intend to step up my SIPs in these funds in the upcoming years.My goal is wealth creation and I am looking for 15-20 years of investment. Kindly review the funds and suggest if I need to make any adjustments to them or add any new funds in my portfolio. Thank you.
Ans: Considering your investment horizon of 15-20 years and your goal of wealth creation, your current portfolio appears to be well-diversified across different market segments. Here's a review of your funds and some suggestions:
1. UTI Nifty 50 Index: Investing in a broad-market index fund like UTI Nifty 50 Index provides exposure to India's top 50 companies by market capitalization. It's a good choice for long-term wealth creation as it offers diversification across various sectors of the economy.
2. SBI Small Cap: Small-cap funds like SBI Small Cap have the potential for higher growth over the long term but come with higher volatility. Given your investment horizon, this fund can add an element of growth to your portfolio. However, be prepared for fluctuations in returns.
3. Mirae Asset Large & Midcap: This fund follows a blend of large-cap and mid-cap stocks, providing a balanced approach to growth and stability. It's suitable for investors seeking exposure to quality companies across market capitalizations.
4. Motilal Oswal Nasdaq 100 FOF: Investing in an international fund like Motilal Oswal Nasdaq 100 FOF adds global diversification to your portfolio. The Nasdaq 100 index comprises leading US technology and internet companies, offering growth opportunities beyond the Indian market.
Active vs. Passive Management:
While you've included both actively managed mutual funds and index funds (ETFs) in your portfolio, it's important to understand the differences between the two. Actively managed funds aim to outperform the market through active stock selection and portfolio management, while index funds passively track a specific index's performance.
Benefits of Actively Managed Funds:
Actively managed funds offer the potential for higher returns compared to index funds, especially during market inefficiencies or when skilled fund managers can identify lucrative investment opportunities. Additionally, active management allows for flexibility in portfolio construction and adjustments based on market conditions.
Potential Disadvantages of Index Funds:
While index funds offer low expense ratios and broad market exposure, they may lack the potential for outperformance compared to actively managed funds. Additionally, they're subject to tracking error, which occurs when the fund's performance deviates from the index it's designed to replicate.
Given your age and investment horizon, you have the flexibility to take on more risk for potentially higher returns. Here are a few suggestions:
1. Consider Adding a Mid-Cap Fund: Since you already have exposure to large-cap and small-cap segments, adding a mid-cap fund can further diversify your portfolio and capture growth opportunities in this segment.
2. Review Portfolio Allocation: Ensure your portfolio is well-balanced across different market segments to manage risk effectively. You may consider increasing or decreasing allocations to certain funds based on your risk tolerance and return expectations.
3. Regularly Review and Rebalance: Periodically review your portfolio's performance and make necessary adjustments to ensure it remains aligned with your long-term goals. Rebalancing can help maintain the desired asset allocation and manage risk.
Overall, your portfolio seems well-structured for long-term wealth creation. However, it's essential to monitor market developments and stay updated on fund performance to make informed decisions.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |3763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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Hello sir, i am 32 years old and just started a SIP investment of 7K per month for the following funds for wealth creation for next 10 - 15 years. Core portfolio (60%) 1. Parag Parikh flexicap fund - 1.5K 2. JM Flexicap - 2K 3. Navi Nifty 50 - 0.5K Satellite portfolio (40%) 1. Kotak Emerging Equity Fund - 0.8K 2. JM Midcap fund - 1K 3. Tata smallcap fund - 0.7K 4. Edelweiss midcap 150 momentum 50 - 0.5K Could please review and advise me whether the above funds is to be considered good. Please provide some suggestions if changes required.
Ans: Your SIP portfolio seems well-diversified across various categories of equity funds, which is a good approach for long-term wealth creation. Let's review each fund and provide some suggestions:

Core Portfolio (60%):

Parag Parikh Flexicap Fund: This fund follows a flexible investment approach across large, mid, and small-cap stocks. It's known for its quality stock selection and has delivered consistent returns over the years.
JM Flexicap Fund: Another flexi-cap fund, providing exposure to companies across market capitalizations. Ensure you review its performance and consistency compared to peers.
Navi Nifty 50: Investing in an index fund like Navi Nifty 50 provides exposure to India's top 50 companies. It's a low-cost option with a focus on large-cap stocks.
Satellite Portfolio (40%):

Kotak Emerging Equity Fund: This fund focuses on emerging companies with high growth potential. Review its performance and ensure it aligns with your risk appetite.
JM Midcap Fund: Mid-cap funds like JM Midcap can offer higher growth potential but come with higher volatility. Monitor its performance and risk closely.
Tata Smallcap Fund: Investing in small-cap funds can provide exposure to high-growth companies. Ensure you're comfortable with the risk associated with small-cap investing.
Edelweiss Midcap 150 Momentum 50: This fund follows a momentum-based investment strategy, focusing on mid-cap stocks showing positive price momentum. Understand its investment approach and risk profile.
Suggestions:

Monitor Performance: Regularly review the performance of your funds and ensure they're meeting your expectations. Consider replacing underperforming funds with better alternatives.
Risk Management: Given the higher allocation to mid-cap and small-cap funds in your portfolio, be prepared for higher volatility. Ensure your risk tolerance aligns with the risk profile of these funds.
Review Fund Selection: Consider diversifying across fund houses to reduce concentration risk. Also, consider adding an international equity fund or a debt fund for further diversification.
Long-Term Perspective: Stay focused on your long-term investment horizon and avoid making knee-jerk reactions based on short-term market movements.
Overall, your SIP portfolio appears well-structured for wealth creation over the next 10-15 years. However, regularly monitoring and reviewing your portfolio's performance is essential to ensure it remains aligned with your financial goals and risk tolerance. Consider consulting with a financial advisor for personalized guidance based on your individual circumstances.

..Read more

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Nayagam P

Nayagam P P  |416 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

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Dear sir Your answer was very helpful We are residing in Chennai and he is only son ...could you suggest few entrance exams for upper middle class Bits pilani how much it would cost He aims for computer science engineering
Ans: Priya Madam, I hope your son has joined Coaching Center for his JEE. As you prefer to have back-ups apart from JEE (NITs, IITS, GFTI & IIITs), here are some other suggested Entrance Exams along with JEE: (1) State Entrance Exams and / or Top-3 Private Colleges' Entrance Exams in your / nearby States (2) COMEDK (of Karnataka) is another better option as it is open to Students all over India. (3) IAT Exam for admission into IISER / IISc / IIT, if your son is interested in Research (4) PESSAT (of PES University) in Bengaluru (4) CUET for Central Universities all over India. (5) BITS. Please note, if you / your son prefer BITS-Computer Science, he should score minimum 330 / 360 for Pilani Campus, 295 / 360 for Goa Campus. 290/360 for Goa Campus. (6) It is advisable for him to appear in, minimum 5-Entrance Exams (instead of relying only on BITS). This will enable your son to have a lot of options to choose the best & most suitable College along with the Stream she prefers. Give importance to Location of the College Also. And, please AVOID forcing him to join the College / Stream which you prefer. His utmost importance to his interests. All The BEST for Son's Daughter's Bright Future, Madam. To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

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Nayagam P P  |416 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

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Hello sir My son is in 12th class this year and preparing for JEE exam. Kindly suggest in addition to JEE any other entrance exam for engineering
Ans: Virendra Sir. I hope your son has joined Coaching Center for his JEE. As you prefer to have back-ups apart from JEE (NITs, IITS, GFTI & IIITs), here are some other suggested Entrance Exams along with JEE: (1) State Entrance Exams and / or Top-3 Private Colleges' Entrance Exams in your / nearby States (2) If you prefer to apply in South also, COMEDK (of Karnataka) is another better option as it is open to Students all over India. (3) IAT Exam for admission into IISER if your daughter is interested in Research (4) PESSAT (of PES University) in Bengaluru (4) CUET for Central Universities all over India. It is advisable for her to appear in, minimum 5-Entrance Exams. This will enable your daughter to have a lot of options to choose the best & most suitable College along with the Stream she prefers. Give importance to Location of the College Also. And, please AVOID forcing her to join the College / Stream which you prefer. All The BEST for your Daughter's Bright Future, Sir. To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

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Ramalingam

Ramalingam Kalirajan  |3763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 17, 2024

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Is it safe to invest in gold through Gullak app
Ans: While Gullak offers a seemingly convenient way to invest in gold, there are some potential risks to consider:

Unregulated "Gold+" Program: The "Gold+" program's guaranteed 5% extra gold is a unique feature, but it's not entirely clear how Gullak achieves this. Since this program is unregulated, there's less oversight compared to SEBI-regulated mutual funds.
Counterparty Risk: Gullak mentions a 100% bank guarantee on your gold investment. However, the details of this guarantee and the specific bank involved are crucial. In case of any issue with the bank, there's a chance your investment might be impacted.
Limited Transparency: Compared to mutual funds, Gullak might not be as transparent about their fees and overall investment structure. This can make it difficult to fully understand the associated costs and risks.
Potential Hidden Costs: While Gullak might advertise low fees, there could be hidden costs associated with storage, insurance, or selling your gold holdings. Make sure you understand all the fees involved before investing.

Mutual Fund Gold:

Safety: Mutual funds are regulated by SEBI (Securities and Exchange Board of India) which adds a layer of security. Your investment represents units in the fund, not physical gold, but the underlying gold is typically stored in secure vaults.
Returns: Gold Mutual Funds invest in physical gold, reflecting the market price. You won't get a guaranteed bonus like with Gullak Gold+, but your returns are tied directly to the gold price's performance.
Liquidity: Gold Mutual Funds are generally quite liquid, allowing you to redeem your units on exchange platforms.
Here's why Mutual Fund Gold might be a better choice:

Transparency: Mutual Funds are more transparent in their holdings and fees compared to Gullak's "Gold+" program.
Flexibility: Mutual Funds offer various gold investment options with different expense ratios. You can choose a fund that suits your investment horizon and risk tolerance.
Market Exposure: Mutual Funds can offer exposure to gold along with diversification within the gold sector (e.g., international gold).

Why Consulting a Certified Financial Planner (CFP) is Wise:
A CFP is a financial professional who can provide personalized advice based on your specific financial situation and goals. Here's why consulting a CFP can be beneficial:

Risk Assessment: A CFP can help you assess your risk tolerance and determine if Gullak or Mutual Fund Gold is a suitable investment for you.
Portfolio Diversification: A CFP can advise you on how to incorporate gold into a diversified portfolio to manage risk and meet your long-term goals.
Understanding Gullak's "Gold+" Program: A CFP can help you analyze the details and potential risks associated with Gullak's "Gold+" program.
Comparison with Mutual Funds: A CFP can compare Gullak with various gold mutual fund options, considering factors like fees, expense ratios, and historical performance.
Remember: Financial planning is personal. Consulting a CFP can empower you to make informed investment decisions aligned with your unique circumstances.

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Chief Financial Planner,

www.holisticinvestment.in

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Nayagam P

Nayagam P P  |416 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

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Sir I have taken admission in a private college with branch cse ..pls could you guide me what to do from 1st year..
Ans: Neel, Congratulations! Some important tips for you (1) Try to maintain a decent CGPA (preferably above 8.5) without any backlogs / arrears (2) Join co-curricular activities club, related to your domain & 2 extra curricular activities you are interested in (3) Keep getting advice from the Faculties for your Career Development (4) Start upgrading your skills on your / allied domains through NPTEL, Internshala, LinkedIn, Coursera etc. (5) Create a Professional Linked Profile & keep updating them every 3-months. (6) Connect to Professionals related to your domain, but avoid asking for any favour or jobs when you are in 4th year (7) Put job alerts in LinkedIn Profile, related to your domain, to keep knowing about the Job Description given by the companies & job market conditions (8) Have good friends around you who will help you always for your career growth and, in turn, you also help them (9) Never get demotivated by academic pressure (which is bound to happen in almost all Engineering Colleges) (10) Manage your time propery (11) Do Yoga or Meditation or any other Physical Exercises you are comfortable with, for 25-30 minutes daily (12) Above all, do relax sometimes. All The BEST for your Bright Future Neel. To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

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Hi Sir, My daughter got 3058 Rank in Comedk 2024 and 8954 Rank in Telangana Eamcet. Getting CSC and it's associated branches is little difficult in Telangana top colleges,we may get VNR/CBIT for ECE. She may get CSE in Dayanand Sagar College of engineering, Bangalore and Bangalore Institute of Technology. Are they good colleges? Can we prefer these two colleges for CSE or chose ECE in MSRIT/BMSCE or VNR/CBIT colleges. She is interested in both CSE and ECE branches. Should we choose Hyd/Banglore? We are from Hyd Please help
Ans: Manikanth Sir. Please prefer MSRIT / BMSCE for ECE over other Colleges which you have mentioned. However, please note, some software companies prefer even ECE students during Campus Recruitment. Compared to CSE, less number of Core Companies visit Campus for ECE. Your daughter should keep upgrading her skills (on her domain & Software) from 1st year itself till 4th year to be competent among other students / streams during Campus Recruitment. All The BEST for your Daughter's Bright Future, Sir. To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad)’, please FOLLOW me in RediffGURU here.

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