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Should I invest my Rs 70,000 bonus for my daughter's future education?

Ramalingam Kalirajan |8171 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 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

Asked by Anonymous - Jul 17, 2024Hindi

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I have received a bonus of Rs 70000 and would like to invet the same for my daughters education (10 years). What is my best option?

Ans: Investment Goal and Horizon

You aim to invest Rs 70,000 for your daughter's education.

The investment horizon is 10 years.

Why Equity Funds?

Equity funds can offer higher returns over the long term.

They help in beating inflation effectively.

With a 10-year horizon, the risk is manageable.

Benefits of Equity Funds

Professional fund management for better returns.

Diversified investments reduce risk.

Potential for higher growth compared to traditional options.

Recommended Investment Approach

Systematic Investment Plan (SIP)

Consider starting a SIP with the bonus amount.

It provides the benefit of rupee cost averaging.

Regular investments lead to disciplined savings.

Diversified Equity Funds

Opt for diversified equity mutual funds.

They invest in various sectors, reducing risk.

Actively managed funds often outperform index funds.

Regular Monitoring

Review your investment periodically.

Adjust based on market conditions and fund performance.

Consult a Certified Financial Planner for professional advice.

Final Insights

Investing in equity funds is a smart choice for long-term goals.

They offer potential for higher returns and growth.

Stay disciplined, review regularly, and seek professional guidance.

By doing this, you can secure your daughter's education fund effectively.

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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Question by Tamojit - Feb 23, 2023Hindi

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Good afternoon sir! This is Tamojit from kolkata my salary 3lkh pa. I have on Daughter 3.5yrs and deposit on behalf of 2000 pm sukanya samriddhi yojana and 2000 pm LIC give me advise how what are next step for my daughter future

Ans: I suggest you start an SIP in a children's gift fund or a dynamic asset allocation fund like ICIC Pru Balanced Advantage Fund. If you are ok with taking a higher risk, you can also use an equity fund for the SIP.

Ramalingam Kalirajan |8171 Answers |Ask -Follow

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

Question by Govindaraju - Aug 02, 2024Hindi

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Dear Sir , Im Raju from Tamilnadu. 47 Years working prfeossional in Teaching Industry. My Daughters is doing 11 th . i have invested Rs 10000 monthly in - SBI Life – Smart InsureWealth Plus- Kindly Advice me ..If there is any other plan(SIP0 Kindly refer it sir..

Ans: Raju,

It's great to see you planning for your daughter's future and your own financial security. As a Certified Financial Planner, I can help you review your current investment and suggest some alternatives.

Evaluating Your Current Investment
You are currently investing Rs 10,000 monthly in SBI Life Smart Insure Wealth Plus. This is a unit-linked insurance plan (ULIP) that combines insurance with investment. While ULIPs offer the dual benefit of life cover and market-linked returns, they also come with certain limitations.

Disadvantages of ULIPs
High Charges: ULIPs typically have higher charges compared to mutual funds. These charges can eat into your returns.

Lock-in Period: ULIPs come with a mandatory lock-in period of 5 years, which limits liquidity.

Complexity: The structure of ULIPs can be complex and difficult to understand.

Advantages of Mutual Funds
Switching to mutual funds might be a more efficient way to achieve your financial goals. Here’s why:

Lower Costs: Mutual funds generally have lower expense ratios compared to ULIPs.

Flexibility: You can choose from a variety of funds based on your risk appetite and investment horizon.

Liquidity: Mutual funds offer higher liquidity, allowing you to redeem your investments whenever needed.

Transparency: Mutual funds provide greater transparency in terms of portfolio holdings and performance.

Recommended SIP Options
Given your situation, here are some categories of mutual funds you might consider for a Systematic Investment Plan (SIP):

Large-Cap Funds
Stability and Growth: These funds invest in large, established companies, providing stability and steady growth.

Lower Risk: Large-cap funds are less volatile compared to mid-cap and small-cap funds.

Mid-Cap Funds
Growth Potential: Mid-cap funds invest in medium-sized companies with high growth potential.

Moderate Risk: These funds come with a moderate level of risk.

Multi-Cap Funds
Diversification: Multi-cap funds invest across large-cap, mid-cap, and small-cap stocks, offering diversified growth.

Balanced Approach: They provide a balanced approach to risk and return.

Equity-Linked Savings Schemes (ELSS)
Tax Benefits: ELSS funds offer tax benefits under Section 80C of the Income Tax Act.

Long-Term Growth: These funds invest in equity, providing potential for long-term capital appreciation.

Sectoral/Thematic Funds
Focused Investments: These funds invest in specific sectors like technology, healthcare, or finance.

Higher Returns with Higher Risk: Sectoral funds can offer high returns but come with higher risk due to sector-specific exposure.

Factors to Consider
Fund Performance
Historical Performance: Look at the fund’s past performance over 3, 5, and 10 years.

Consistency: Check for consistent performance across different market cycles.

Fund Manager’s Track Record
Experience: A good fund manager can significantly impact the fund’s performance.

Stability: Prefer funds managed by experienced and stable fund managers.

Expense Ratio
Lower Costs: Choose funds with lower expense ratios to maximize your returns.
Risk-Adjusted Returns
Evaluate Risk: Use metrics like the Sharpe ratio to assess risk-adjusted returns.
Fund House Reputation
Reliability: Invest in funds from reputable fund houses with a strong track record.
Regular Review and Adjustment
Periodic Review: Regularly review your investments to ensure they align with your goals.

Adjustments: Make necessary adjustments based on fund performance and changing financial goals.

Final Insights
Switching from ULIPs to mutual funds could enhance your investment strategy. Mutual funds offer lower costs, higher flexibility, and better transparency. Choose a mix of large-cap, mid-cap, multi-cap, and ELSS funds for a diversified portfolio. Regularly review your investments and make necessary adjustments to stay aligned with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |8171 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 23, 2024

Question by Anil - Dec 23, 2024Hindi

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Hi Mr. Ramalingam, Thank you very much for your response and time given. Withdrawing school fee from the invest of 10lakhs, is it a right approach? for the 1st 2-3 years I will try not to withdraw from this investment and I live in a tire 3 city Rajahmundry, Max. her education will be in the same place and I will try to add some more money to this investment after a year or so. Please suggest some funds in each category. Once again I thank you for the response. Thanks and Regards, Anil Kumar

Ans: Thank you for your follow-up. Withdrawing school fees from the returns of your Rs. 10 lakh investment is a reasonable approach. However, as education expenses grow over time, ensure your investments continue to grow to meet future needs.

Since you plan to avoid withdrawals for 2-3 years and might add funds, this allows your portfolio to compound further. For fund selection, I recommend reaching out to a Certified Financial Planner (CFP) like us or consulting a Mutual Fund Distributor (MFD). A professional can provide customised scheme-specific recommendations aligned with your goals and timelines.

Feel free to connect with us for detailed guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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NIT Raipur is an NIT, which holds a national-level prestige, but its CSE department is not as highly ranked as top-tier NITs.

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BIT Mesra CSE has excellent placements, with higher average and median packages compared to NIT Raipur. Top companies like Google, Amazon, Microsoft, and Goldman Sachs visit the campus. The average package is around 18–20 LPA, and the highest goes above 50 LPA.

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Relationships Expert, Mind Coach - Answered on Apr 01, 2025

Question by solar - Mar 27, 2025Hindi

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Relationship

I am in relationship with a girl for 6 year but now her parents almost fix her arrange marriage and they dont care about her choice they didnot even consider her opinion about the boy they met ..except her everyone in family like the boy because he is rich and handling his father business and here i am i dont have job i am preparing for government job i asked her family please give me some time i,ll get the job this year but they say we cant agree for the possibility of you getting job or not and her mother say we dont allow intercaste marriage i am sc and she is general and pandit .. i am 26year old what should i do .. i think ab uske parents jada jaldi krre hai shadi k loye because unhone merse baat krli to unko dhr hai ki m kuch esa vsa na krdu jisse unki society me respect vghra ko khtra hoga isliye or vo jada rishtedaro ki sunre hai... mne apni gf ko bola hai ki filhal jb tk job nhi lgti meri tb tk unhe boldo ki mere sath ab kuch nhi h that she blocks me or vo apni side se tb tk rishtey ko mna krti rhe pr uske ghr vale uska opinion about boy consider hi ni krre hai jo unke rishtedaro ne discuss krliya ladka thik h to unhone usko haan boldi ... mujhe kya krna chaiye...her parents do all emotional blackmail to her as today they even touched her feet and said hme pta h tere liye kya shi h hmne tko pala h kuch bhi esa nhi krdio jisse hmari ijat khrab hojaye m pagal hojaunga Esi dhamkiya dere h ... or usko b kse jo rishte are h unko mna kre jisse ye na lge ghr valo ko ki mere karan naa kre jare h or rishtedaro ka b dominance kse km kre bhot sare doubts h kya krna chaiye kuch nhi smjh ara h

Ans: Dear solar,
In sab ke beech, aapke girlfriend ka kya kehna hai? Woh aapne bataaya nahin. Kya woh apne parents ko tall sakegi aur kitni der kar paayegi? Kya woh aapke jon lagne tak intezzar karna chahti hai? Aisa lag raha hai ki is rishte ka wazan aap leke ghoom rake ho...thoda apne girlfriend ke saath baithkar plan kijiye taaki woh bhi aapke saath is samasya ka hal dhoond sake.
Ek baat toh hai ki uske parents ko manaana mushkil hoga aur jab tak aapki job nahin lagti woh is rishte ke liye raazi nahin honge. Toh plan yeh karna ki jab tak aapki naukri lage, tab tak aap dono is baat ko aur is samasaya ko aur uske parents ko kaise sambhalenge. Joh bhi ho saath mein milke plan karna.

All the best!
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Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Relationships Expert, Mind Coach - Answered on Apr 01, 2025

Asked by Anonymous - Mar 05, 2025Hindi

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Relationship

I am married 44 and wife 41 with loving twin daughters. Apart from minor compatibility issues she hates my sister's and keep shouting with his parents who almost every year come to my house and stay for 2 to 3 months. They are financially independent but they could just not let go her daughter to take it independent decisions. I never reply back to them due to my daughter's and social shaming fear. They will never settle for a mutual divorse and I don't want the trauma of court. It's very painful when I see my wife suffering when she is shouting. I even feel pain when I see my in laws in pain due to their daughter's suffering. My parents always want us to settle thing and never interfere in negative way. They keep fighting with me mostly for my mistakes/words of history. (I still think I haven't done anything wrong or used wrong words. Her parents now don't leave or visit their son's home due to issues with their daughter in law. I tried of leaving separately for few months but they did not agree. I have once slapped my wife. I almost tried sucide twice but could not do it as my parents will not survive this news. My parents and sisters want me to be happy with her. What options do I have except sucide/court.

Ans: Dear Anonymous,
Forget everyone... Marriage is between two people and only they matter. You can't see your wife in pain, right? Then there's obviously affection still left for her. Work this out as a couple. Take a vacation away from in-laws, sister, parents...people can complicate matters more than the couple themselves...The two of you do need this time by yourselves to rebuild your marriage. Do it with an intention to work things out and you maybe surprised as to how things can get rebuilt between the two of you.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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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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