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Vivek

Vivek Lala  |301 Answers  |Ask -

Tax, MF Expert - Answered on Jul 22, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Asked by Anonymous - Jul 19, 2023Hindi
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Hi sir My name is Gopi I can invest 30 thousand per month next 8 to 10 yr Please suggest good mutual fund

Ans: Hello,
Assuming you are in your 30's and your time horizon is 8-10 years , you can select a good small cap, mid cap and a thematic fund like consumption fund
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  |6971 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Sir I want invest 30 to 35 k every month for for long term for 10 yrs please suggest good mutual funds I want to diversify in large,mid cap and small cap and hybrid , debt etc risk wise allocation and I need 1 cr after 10 year. Please share the list of mf percentage wise investment
Ans: As a Certified Financial Planner I'm here to offer guidance on your investment queries. Let's dive in:

• Firstly, kudos to all of you for taking the initiative to seek advice on your financial future. Planning for the long term is crucial, and it's commendable that you're thinking ahead.

• Investing wisely requires careful consideration of various factors, including your financial goals, risk tolerance, and investment horizon. It's essential to align your investments with your objectives.

• Diversification is key to managing risk effectively. By spreading your investments across different asset classes, sectors, and geographical regions, you can mitigate the impact of market volatility.

• When it comes to building wealth over the long term, consistency is key. Regularly investing a fixed amount, such as through SIPs, allows you to benefit from rupee-cost averaging and smooth out market fluctuations.

• As a Certified Financial Planner, my role is to understand your unique circumstances and tailor an investment strategy that suits your needs. I'll take into account factors like your age, income, expenses, and financial goals.

• It's natural to feel overwhelmed or uncertain about investing, especially with so many options available. Rest assured, I'm here to simplify the process and provide guidance to the best of my abilities.

• Remember, investing is a journey, not a destination. It's essential to stay disciplined, patient, and focused on your long-term goals, even during periods of market volatility.

• As individuals seeking financial advice, I encourage you to consider consulting with a Certified Financial Planner. A CFP can provide personalized guidance and help you navigate the complexities of investment planning.

In conclusion, by seeking advice from a Certified Financial Planner, you can gain valuable insights and make informed decisions to achieve your financial aspirations. Let's embark on this journey towards financial success together!

..Read more

Ramalingam

Ramalingam Kalirajan  |6971 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 22, 2024

Asked by Anonymous - Aug 20, 2024Hindi
Money
Hi Sir, I want to invest in mutual fund 30k per month, please make a portfolio for what type of mutual fund which I can select? My age is 32. Next 10 year my target is 1cr. Please suggest me
Ans: At age 32, you have set a target of Rs. 1 crore in 10 years, which is a well-thought-out and achievable goal. Investing Rs. 30,000 per month in mutual funds is a solid approach towards building this wealth. Now, let’s break down the best strategy to reach your goal while ensuring that your investments are well-diversified and aligned with your financial objectives.

Risk Tolerance and Time Horizon
Before recommending any mutual fund categories, it’s important to understand your risk tolerance. As you have a 10-year time horizon, you have the advantage of investing in equity funds, which have historically provided higher returns over the long term. Equity funds can be volatile in the short term, but with disciplined investing, they can yield significant returns.

Given your age and target, a higher allocation to equity funds is suitable, but we’ll also consider some debt allocation to manage risk.

Suggested Allocation Strategy
1. Large Cap Equity Funds
Why: Large Cap funds invest in well-established companies with a track record of performance. They are less volatile compared to mid and small-cap funds but still offer good growth potential.

Allocation: You can allocate around 30% of your investment to Large Cap Equity Funds. This will provide stability to your portfolio while participating in the growth of large companies.

2. Mid Cap and Small Cap Equity Funds
Why: Mid Cap and Small Cap funds offer higher growth potential as they invest in companies that are in their growth phase. However, they are more volatile than Large Cap funds.

Allocation: A combined 40% allocation to Mid Cap and Small Cap funds will enhance your portfolio's growth potential. The higher risk is balanced by the long investment horizon of 10 years.

3. Flexi Cap Funds
Why: Flexi Cap funds have the flexibility to invest across market capitalizations (Large, Mid, and Small Cap). They provide a balanced approach, allowing fund managers to shift investments based on market conditions.

Allocation: Allocating 20% to Flexi Cap Funds will give your portfolio the flexibility to adapt to market dynamics. This helps in capturing opportunities across various market caps.

4. Sectoral or Thematic Funds
Why: Sectoral or thematic funds focus on specific sectors like technology, healthcare, or infrastructure. These funds can provide substantial returns if the sector performs well. However, they are riskier due to their focused investment approach.

Allocation: Consider a 10% allocation to a Sectoral or Thematic Fund. Choose a sector that you believe has strong growth prospects over the next decade. This allocation should be monitored regularly as sector performance can be cyclical.

Why Not Index Funds?
Index Funds, which aim to replicate the performance of a market index, are often touted for their low costs and simplicity. However, they have limitations:

No Active Management: Index Funds do not offer active management. In a volatile or uncertain market, this can be a disadvantage as there is no scope for the fund manager to adapt to market conditions.

Limited Growth: Index Funds track the market and therefore only aim to achieve market-average returns. They miss out on the opportunity to outperform the market, which can be crucial in achieving higher returns, especially when your goal is Rs. 1 crore.

Lack of Diversification: An Index Fund is concentrated on the stocks in the index, leading to a lack of diversification. Actively managed funds, in contrast, have the flexibility to diversify across various sectors, geographies, and market caps.

Therefore, I suggest focusing on actively managed funds that offer the potential to outperform the market, ensuring better returns over your investment horizon.

Regular vs. Direct Funds
Direct Funds might seem attractive due to lower expense ratios. However, they may not be the best option for you:

No Guidance: Direct Funds do not offer the benefit of professional advice. Managing and rebalancing a portfolio on your own can be challenging, especially if you lack the time or expertise.

Market Timing and Selection: A Certified Financial Planner can help you with the timing and selection of funds, something you would miss out on with Direct Funds. Regular Funds, despite their higher expense ratio, offer the benefit of ongoing advice, which is crucial for long-term success.

Performance Monitoring: Direct Funds require you to regularly monitor performance and make necessary adjustments. With Regular Funds, your CFP will assist in this, ensuring your portfolio remains on track to meet your goals.

For these reasons, I recommend opting for Regular Funds through a CFP to ensure your portfolio is well-managed and aligned with your financial goals.

Additional Investment Considerations
1. Systematic Transfer Plan (STP)
Why: If you have a lump sum amount to invest, consider using a Systematic Transfer Plan. This allows you to invest the lump sum in a liquid fund and systematically transfer a fixed amount to equity funds. It reduces the risk of market volatility by spreading the investment over time.

How it Helps: An STP ensures that you don’t invest all your money at once, which could be risky if the market is at a peak. It helps in averaging out the purchase price and reduces the impact of market fluctuations.

2. Regular Review and Rebalancing
Why: It’s important to regularly review and rebalance your portfolio. This ensures that your investments are aligned with your goals and risk tolerance as they evolve over time.

How Often: I suggest reviewing your portfolio at least once a year with your CFP. This will help in making any necessary adjustments, such as increasing or decreasing exposure to certain funds based on market conditions and your personal financial situation.

3. Emergency Fund
Why: Before fully committing to your SIPs, ensure that you have an emergency fund in place. This should be equivalent to 6-12 months of your expenses. It will provide a safety net in case of unexpected events, preventing you from having to withdraw your investments prematurely.

Where to Keep: Your emergency fund should be kept in a liquid fund or a high-interest savings account for easy access.

4. Insurance Coverage
Why: Adequate life and health insurance coverage is essential. It protects your family’s financial future in case of unforeseen events. This ensures that your investment goals remain intact.

Review Needs: Review your current insurance coverage with your CFP to ensure it’s sufficient. If you have any investment-cum-insurance policies like ULIPs, consider surrendering them and reinvesting the proceeds in mutual funds for better returns.

Tax Efficiency
Equity-Linked Savings Scheme (ELSS): If you are looking for tax-saving options, consider allocating a part of your investment to ELSS funds. They come with a lock-in period of 3 years and provide tax benefits under Section 80C of the Income Tax Act.

Long-Term Capital Gains (LTCG): Keep in mind that equity investments held for more than a year are subject to LTCG tax if the gains exceed Rs. 1 lakh. However, this is still favorable compared to short-term capital gains tax.

SIP Step-Up Strategy
Why: To reach your Rs. 1 crore goal, consider increasing your SIP amount annually. This is known as a SIP Step-Up. It allows you to take advantage of increased income or bonuses, accelerating your wealth creation.

How Much: An annual step-up of 10-15% in your SIP can significantly increase your final corpus. This strategy is especially useful as your salary grows over time.

Monitoring and Adjustments
Why: Over the next 10 years, your financial situation and market conditions will change. It’s crucial to monitor your investments and make necessary adjustments to stay on track.

Action Plan: Work closely with your CFP to ensure that your portfolio is adjusted as needed. This could include rebalancing, shifting to less risky funds as you approach your goal, or increasing/decreasing your SIPs based on performance.

Final Insights
Investing Rs. 30,000 per month in mutual funds with the right allocation strategy can help you achieve your Rs. 1 crore target in 10 years. Focus on a mix of large cap, mid cap, small cap, and flexi cap funds for a balanced portfolio. Avoid Index and Direct Funds in favor of actively managed and Regular Funds. Regular reviews, a SIP Step-Up, and proper insurance coverage are also crucial in reaching your goal. Stay committed to your investment plan and make adjustments as necessary with the help of a CFP.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Hi Madam, I'm 60,retired, my wife is 47, our son is 23. I had love marriage and was leading a happy married life. Just after silver jubilee of our wedding anniversary I accidentally came to know that my wife is madly in love with one of our common married friend who runs a simple shop. Upon investigation I found that they are in relation for last 12 years and were enjoying sex in my own house for such a long time. He hails from an uneducated family and is not even cultured. I could not believe that the wife of a highly educated socially respected man could do this with a shopkeeper who does not have any socio economic status. I am living a normal life with my wife for the sake of our only child. Once he settles in life I have decided to end my life. Ofcourse I still love her as ours was a love marriage. I seek your wise suggestion in this regard, should I divorce her or live a normal life that we are doing?
Ans: Dear Shristi,
It is obviously very shocking for you to know that things have been happening behind your back.
Now, how you want this to move on from here on, is a decision only you must make! Have you had a chat with your wife about the association that she has with the other person? Does she know that you know about it?
If she doesn't, then you need to make her aware and yes, do ask her whether she is interested at all in the marriage. That will give you an idea as to whether things are worth fighting for or is it best to walk away!

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Asked by Anonymous - Nov 03, 2024Hindi
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Hello madam I a 32 year old married man with a kid , who is 6 years old. I have done arrange marriage with my own decision I agreed to my parents for the marrige at that time I was in a casual relationship with a girl I didn't said anything to the girl and get married to someone else. After that I tried to live a happay life with my wife without thinking about the girl whom I left behind, from outside I tried to be happy with my wife but my wife thought doesn't matches with me so I felt so disturbed from inside. Still I was trying to continue the relationship for sake of our child but suddenly I got my ex love contact and I was so happy that after so long time I got a chance to talk to her, I have tried to meet her but she always refused to meet me because she was in a relationship. I tried many times and due to some misconduct I again lost her for the second time. At this moment when she is not with me her thoughts memories are troubling me so much I am in pain, what am I suppose to do to get rid of the pain?? Please help
Ans: Dear Anonymous,
There is no point wanting a 'past' relationship just because you have one...what if that relationship did not exist, you would have possibly made efforts to make your marriage work, right?
Then do just that...DO NOT treat your marriage as an option...which marriage is a perfect one? And are all spouses tailor-made to fit one another?
So, if her thoughts don't match with yours, then even yours don't match with hers...so, should she also think of jumping into some other relationship. Please act mature about this especially with a child in the entire equation; try and understand each other...speak about your differences and find ways of working on them by accepting them. Ex-love etc looks all very nice, but come down to ground reality; please...work on your marriage!

All the best!
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Drop in: www.unfear.io
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Asked by Anonymous - Sep 15, 2024Hindi
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I am 50 years old and got married 15 years ago. I am a very spontaneous sort of a guy and enjoy life, partying etc. I was also very active socially.My wife being the complete opposite put a stop to all that once we got married. She also does not display any affection and has no interest in physical intimacy. She is just concerned with her housework.We also have lot of differences in mental attitude & intellectual abilities. At no stage will we ever seperate, however, I am unhappy with her nature. She has lot of friends, however is always at daggers drawn with in her in laws. We had to stay separately for 6 months, and I tried looking for love else where, however after a couple of months, I realised, that I missed her. I am in a quandary. Despite requesting her to work on our relationship, I get no response. Please advise on how to proceed.
Ans: Dear Anonymous,
I understand you are in a tough spot. But it's nice to see that after all those years of differences, you still have genuine feelings for her. I strongly suggest considering marriage counseling. From your description of your marriage, it seems to be there have been issues from the very beginning of it. It's been too long and now those issues must've become deep-rooted. Seeing a professional can be a game-changer. They can guide you out of this slump more methodically and help you navigate the emotions you are feeling right now. It can also help you understand the reasons for your wife's disinterest and handle it better.

Best Wishes

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Ravi

Ravi Mittal  |395 Answers  |Ask -

Dating, Relationships Expert - Answered on Nov 05, 2024

Asked by Anonymous - Nov 02, 2024Hindi
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Hii, I have an love marriage after 9 years of dating and 6 years, 2 children post marriage, my little one is 11 months old now. My husband has an affair upto chatting to someone in his company, his junior but in different department, when my Lil one was 1 month old, we had in a rough patch then due to child birth and family drama. When I saw it and confronted him, he said he is sorry and won't do it again, we had multiple fights for 3-4 months after then due to same reason, but he mostly listen and consol. It's been a lot of mental torture for me. I love my husband a lot and he is a good person, but sometimes sill I see her msg in his phone asking for small helps or casual msg. She is also married. I am not sure my husband deletes msg or what, I am not able to get over this. Before it, this is was preety much a good relationship. I am highly educated and independent women. I don't want anything form my husband apart from love. What should I do, whenever I tell him I want to just leave and let him have his life, he won't let me somehow. We are having a good physical relationship 2-4 times a week( just to tell where we are). Please help me...I can't overcome that he is making fool of me...
Ans: Dear Anonymous,
I am sorry to hear you are in such a tough spot. I would suggest considering marriage counseling. A professional who can help you both tackle these issues would be helpful in this situation. I understand that it was his mistake and he needs to put the effort to make you trust him again, but since you are still together, you will also have to put in the effort to let it. I know it is difficult and that's where marriage counselor comes in. They can help you navigate these feelings. Moreover, if he is indeed hiding something, therapy can help that come out in the open.

Hope this helps.

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Ravi Mittal  |395 Answers  |Ask -

Dating, Relationships Expert - Answered on Nov 05, 2024

Asked by Anonymous - Sep 10, 2024Hindi
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Hi, Me(M38) and wife(F37) happily married for 12 years and blessed with one daughter. Partner(F28)continuing friendship with a person[M] who had crush on her before marriage considered emotional infidelity? Me(M38) and wife(F37) happily married for 12 years and blessed with one daughter. My wife is having friendship (strictly platonic) with a guy from her 10tlh grade (same class). Before our marriage (she may be doing her college, our relationship just started may be 2 weeks) this guy told her he has genuine interest in her and he want to take the relationship further if she wants, she said she is not interested in a relationship and she got committed, she always saw him as a friend, no other feelings for him and we can be friends if you don't bring any romantic interest again. He never took this talk again ever after and happy to be a friend. They are talking as friends. She got married to me. He also got married. They still do chats once in a month. She introduced me to him and visited his home when we visited his city. He also came to our home once (me and my family was there). She used to update me with chat she had with him and the content they are chatting. I am ok with that When we were talking about our school life and college life 2 years before. She said this guy had crush on her during her college days. I asked her, why did not she tell me this info till now. She said it is not purposely, she does not feel the need to do as the person is not in-appropriate with her and continuing as good friend as promised after she rejected his proposal. I don’t want to create any unnecessary issues as I don’t have any felling or so with him. That time I checked their chats completely, it’s about update about their common friends, their recent travel, their job, meditation courses and the books they read recently. I haven’t seen any flirting or romantic message from either of them. So I am perfectly fine with it and had no problems. I recently came to know about the concept of emotional cheating which is very new to me. Before that cheating to me is only flirting, sexeting and physical sex. I have asked for advice in redddit.com in infedility sub forum about emotional cheating/ emotion affair. There persons are advising like even having friendship with someone who had crush on you is emotional cheating as it is indirectly leading them on you. So with an omission of lie he had crush on her and indirectly leading him on you wife was emotionally cheating on you. This is very much equal to cheating. I do have lots of friends in other gender, but no one had crush on me. Does this count as emotional cheating/affair as she did not mention he had crush on her before marriage? I am little depressed and not able to spend quality time with my wife who is in postpartum depression and take care of our daughter properly as before. Do you guys advise me how to navigate this situation?
Ans: Dear Anonymous,
Are you really going to ruin your happy relationship based on some new term you have learned recently? Emotional cheating and many more terms of the kind will come and go, what truly matters is the truth. She is merely friends with this guy and for your peace of mind, you have even checked their conversations- what part of it looks like cheating to you? If tomorrow, some random person projecting their own insecurities claims that a man speaking to a woman is some "new form" of cheating, would you start believing that? My point is that these are just random opinions of some people- it isn't the ultimate truth. The entire context matters. This man had a crush on your wife, she rejected it, and now they are just friends. I find absolutely no misconduct or infidelity in this. The fact that none of your friends had a crush on you does not factor in at all. Moreover, your wife is in postpartum depression- that should be your biggest concern but here you are, giving more importance to the random 2 AM thoughts of some people you don't even know. Please rethink if you are being fair to your wife- the mother of your child.

Best Wishes

...Read more

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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