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Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 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
ARVIND Question by ARVIND on May 11, 2024Hindi
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Sir, U am retiring on 31 May 24 after the age of 57 years. Three months back I have invested Rs. 5,000/- each in MF like Kotak equity opportunities fund, ICICI prudential blue chip fund and Quant elss tax saver fund. Please guide me whether it is right or should I invest in some other mutual fund. I am investing 30 lakhs in Post office SCSS in joint account, 02 lakh in Mahila samman scheme and 09 lakhs in MIS. After getting my balance retirement amount U will invest in gold. My both the sons are in job. I am keeping 10 lakhs as emergency fund in Saving account. An I correct ? Is my investment planning is going to right path ? Please guide me sir. Thanks n regards.

Ans: Assessing Your Investment Portfolio: A Comprehensive Review

Reviewing Mutual Fund Investments:

Your investment in Kotak Equity Opportunities Fund, ICICI Prudential Blue Chip Fund, and Quant ELSS Tax Saver Fund demonstrates a diversified approach to equity investing. These funds offer exposure to different market segments, enhancing portfolio resilience.

Analyzing Fund Selection:

Kotak Equity Opportunities Fund focuses on capital appreciation by investing in high-growth potential stocks, while ICICI Prudential Blue Chip Fund emphasizes stable, large-cap companies. Quant ELSS Tax Saver Fund offers tax benefits along with equity exposure.

Considering Investment Horizon:

Given your impending retirement in May 2024, it's essential to reassess your investment horizon and risk tolerance. Equity investments are typically suited for long-term goals, and as you approach retirement, a more conservative approach may be prudent.

Evaluating Fixed Income Investments:

Allocating 30 lakhs to the Post Office Senior Citizen Savings Scheme (SCSS), 2 lakhs to the Mahila Samriddhi Scheme, and 9 lakhs to Monthly Income Schemes (MIS) reflects a focus on stability and regular income post-retirement.

Ensuring Liquidity with Emergency Fund:

Maintaining 10 lakhs as an emergency fund in a savings account provides liquidity and financial security, ensuring you're prepared for unexpected expenses or emergencies.

Exploring Gold Investments:

Your intention to invest in gold post-retirement diversifies your portfolio and acts as a hedge against inflation. Gold's intrinsic value and historical stability make it a viable asset class for wealth preservation.

Guidance for Investment Planning:

While your current investment planning demonstrates prudence and diversification, it's crucial to align your portfolio with your retirement goals and risk tolerance. As you transition to retirement, consider gradually reallocating a portion of your equity investments to more conservative options to mitigate risk.

Consultation with a Certified Financial Planner:

Engaging with a Certified Financial Planner (CFP) will provide personalized advice tailored to your specific needs and goals. A CFP will help optimize your investment strategy, ensuring financial security and peace of mind in retirement.

Conclusion:

Overall, your investment planning showcases a balanced approach, with a mix of equity, fixed income, and emergency liquidity. By staying informed and periodically reviewing your portfolio, you're well-positioned to achieve your retirement objectives.

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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Hello, I am 3 yr neet dropper.in 2025 it will be my third attempt... I'm trying my best to crack neet ...i don't know what will happen will i score good marks or not ... please help me in suggesting good career options if not crack neet .....there are many options through neet marks also like bhms , veterinary...etc. i will also give entrance exam also like cuet ,gbpuat ,....but i want that what to choose which course will be best for me ...i want to make my life good and happy... having a good degree, good job ,...
Ans: Hello.
Have you analyzed your failure in 2 successive attempts in the NEET examination? If yes, then the question is what you have done for improvement and not then again the question arises why not? Here, I would like to suggest you focus now only on the NEET examination which is your 3rd attempt. Don't think about any other options right now till May 2025. After the NEET exam is over, you have ample time to explore the options available. Depending on your score in NEET 2025, we will guide you at that time. But yet, if you are confused, then looking towards your question and anxiety, you need personal counseling where you can express yourself face-to-face. Only after the NEET exam is over, you contact a counsellor for one-to-one counseling. Till then, keep mum and focus only on NEET. Take this exam as your mission and project. Work on this project, apply forces from all sides, success is there which is waiting for you eagerly.
Best of luck for your bright future.

Some tips: (1) Analyse separately Phy, Che, Bio (2) Prepare a list of hard topics (3) First focus more on the topics which are easy for you and then try to excel in hard topics (4) Appear more and more online/offline examinations (4) Prepare your short-cut file for all subjects (5) Prepare a file for each subject having only synopsis of all chapters (6) Try to solve the problems at the lightening speed and observe the period on regular basis (7) Create your time table to revise the topics on regular basis (8) Do not hesitate to ask your difficulties to your teachers, if you have joined to offline classes (9) Keep the habit of marking the answers which you know 100%. Don't guess the answers and mark them, as there is -ve marking scheme. (10) Be calm, quite, and smiling all the time to release the tension and always have a healthy chat with your friends.

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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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