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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on Jun 29, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Drl Question by Drl on Feb 24, 2023Hindi
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Sir For Monthly income what is the best Mutual fund scheme pl suggest

Ans: Hello Value Investor. You can consider frequent dividend paying schemes in Balanced Advantag category
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 May 06, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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Hi sir I am a housewife ans have small amount of savings Please suggest best mutual fund
Ans: It's great to see you taking an interest in mutual funds as a means to grow your savings. Let's explore some options:

• Consider starting with a balanced fund, which offers a mix of equity and debt investments.
• These funds provide a balance between growth potential and stability, making them suitable for conservative investors like yourself.

• Look for mutual funds with a track record of consistent performance and a seasoned fund manager.
• Research different funds and assess factors like expense ratios, investment philosophy, and historical returns.

• Opt for funds that align with your investment objectives and risk tolerance.
• If you have a longer investment horizon and are willing to take on more risk for potentially higher returns, you may consider equity funds.

• Conversely, if you prefer lower risk and more stability, debt funds may be a better fit for you.
• They invest in fixed-income securities like bonds and offer regular interest income.

• Keep in mind that past performance is not indicative of future results, so focus on the fund's investment strategy and manager expertise.
• Additionally, consider consulting with a Certified Financial Planner to help you select the best mutual fund based on your financial goals and circumstances.

• Remember to diversify your investments across different mutual funds to spread risk and maximize returns.
• Regularly review your investment portfolio and make adjustments as needed to stay on track towards your financial goals.

By choosing mutual funds that suit your risk profile and investment objectives, you can set yourself on the path to achieving your financial aspirations. Keep learning and stay committed to your investment journey. You're taking a positive step towards securing your financial future!

..Read more

Ramalingam

Ramalingam Kalirajan  |8291 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 09, 2025

Money
Sir,which mutal fund scheme is best
Ans: Choosing the right mutual fund depends on your goals, risk appetite, and investment horizon. Instead of pointing out one-size-fits-all schemes, it is better to analyze the broader aspects that can guide you toward the right decision.

Let’s explore how you can approach this effectively.

Define Your Investment Goals
Your financial goals set the foundation for choosing a mutual fund.
Decide if your goal is for wealth creation, retirement, or child’s education.
Match the type of mutual fund with your specific goal.
Understand Your Risk Tolerance
Analyze your ability to handle market volatility.
If you can accept higher risks, equity funds could work well.
For moderate risks, consider balanced or hybrid funds.
If you prefer lower risks, explore debt-oriented mutual funds.
Evaluate the Investment Horizon
The duration you plan to stay invested is crucial.
Equity mutual funds work best for goals above five years.
Debt funds may suit short-term needs, under three years.
Hybrid funds could balance risk and return for medium-term goals.
Actively Managed Funds vs Index Funds
While index funds follow a benchmark, actively managed funds offer certain advantages:

Active funds aim to outperform the benchmark through expert fund management.
Fund managers adjust portfolios based on market opportunities.
Actively managed funds provide higher flexibility and potential for better returns.
Disadvantages of index funds:

Index funds strictly follow the index and lack flexibility.
Returns depend solely on the market and do not outperform benchmarks.
During market downturns, index funds replicate losses without any adjustments.
Direct Funds vs Regular Funds
When it comes to direct and regular mutual funds, regular funds have distinct benefits:

Investing through a Certified Financial Planner (CFP) ensures proper guidance.
Regular plans involve professional advice tailored to your financial goals.
Direct funds require self-research and monitoring, which can be challenging.
Tax Implications of Mutual Funds
Taxation affects your net returns, so understand the rules:

Equity funds: Long-term capital gains (LTCG) above Rs 1.25 lakh are taxed at 12.5%. Short-term capital gains (STCG) are taxed at 20%.
Debt funds: Both LTCG and STCG are taxed as per your income tax slab.
Choose funds based on post-tax returns aligned with your goals.
Avoid Investment Cum Insurance Products
If you hold LIC, ULIPs, or other investment-cum-insurance policies, consider surrendering them.
These products often provide lower returns and high costs.
Redirect funds into mutual funds for better transparency and higher potential returns.
Expense Ratio and Fund Performance
Check the expense ratio of the mutual fund, as it impacts net returns.
Opt for funds with consistent performance over 5-10 years.
Avoid funds with sudden spikes in performance, as they may lack stability.
Sectoral and Thematic Funds
These funds focus on specific industries or themes, offering high returns.
However, they carry higher risks due to limited diversification.
Consider them only if you have high-risk tolerance and market knowledge.
Role of Diversification
Diversify your investments across equity, debt, and hybrid funds.
This reduces risk while maintaining balanced returns.
Avoid over-diversification, as it can dilute returns.
Seek Expert Guidance
Consult a Certified Financial Planner for a personalized financial plan.
A CFP assesses your risk, goals, and taxation to recommend suitable funds.
This ensures your investments align with your overall financial strategy.
Monitor and Rebalance Your Portfolio
Regularly review your portfolio to align it with market trends.
Rebalance your investments to maintain the desired asset allocation.
Stay informed about changes in mutual fund performance and taxation rules.
Final Insights
Choosing the best mutual fund is not about selecting the highest return scheme. Instead, it involves aligning funds with your unique financial goals, risk tolerance, and investment horizon. Active fund management, proper diversification, and expert guidance enhance your chances of achieving financial success.

Invest wisely and focus on long-term benefits for sustained growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Latest Questions
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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