Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Milind Vadjikar |475 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 20, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Oct 20, 2024Hindi

Money

what are the best mutual funds to invest for my grand daughter's studies. I want to invest Rs. 10 lakhs

Ans: Hello;

You may consider following funds for investing towards your daughter's education:

1. ICICI Prudential child care fund(gift plan)

2. HDFC Children's gift fund

3. SBI Magnum Children's benefit fund(Investment plan)

They have 5 year lock-in.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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.

MoneyReply

You may like to see similar questions and answers below

Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on May 17, 2023

Question by U - Mar 23, 2023Hindi

Money

hello i am 36 year old , want this investment for my daughter who is 4 years old now, i want to invest lumpsum 2 lakh rupees in mutual fund with long terms investment of 15-20 years, furture investments deponds on fund availability.please guide me.

Ans: Hello Value Investor. Considering your requirement and goal , I would suggest to consider flexi cap, mid cap , small cap and Large & mid cap categories for long run investment portfolio.

Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Jun 13, 2023

Question by nilay - Jun 02, 2023Hindi

Money

I am 32 years old and i want to invest long term for higher education of my daughter (17 yrs) and my retirement planning please suggest good plans.

Ans: Hello Nilay. Considering all factors for your goal investment, it will be advisable to invest in Smallcap, mid cap, flexicap and large cap categories in long run. Also, be sure to set your initial sips according to your goal amount.

Ulhas Joshi |279 Answers |Ask -Follow

Mutual Fund Expert - Answered on Jun 05, 2023

Question by Aparajita - Jun 04, 2023Hindi

Money

My Daughter us 21 years old, I want to invest MF for her about 5000 rs per month, what is the best fund and how long I should invest so that she have good balance upon my retirement, I am 41 years old, working mother

Ans: Hello Aparajita and thanks for writing to me. As your daughter is young, she will reap the benefits of compounding.

You can consider beginning monthly SIP's in:
1-Edelweiss NIFTY 100 Quality 30 Index Fund-Rs.1,000
2-SBI Focused Equity Fund-Rs.1,000
3-Kotak Small Cap Fund-Rs.1,000
4-SBI Magnum Mid Cap Fund-Rs.1,000
5-HDFC Nifty 50 Index Fund-Rs.1,000

You also can consider stepping up your SIP's every year to create a larger corpus. Periodical rebalancing is essential to ensure you are on track to achieve your financial goals.

Ramalingam Kalirajan |6695 Answers |Ask -Follow

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

Question by E - Jul 24, 2024Hindi

Money

I want to Invest Rs 10,00,000 lump sum for my grand daughter who is 11 years old. Where can I invest the amount which will be useful for her higher studies in the future?

Ans: nvestment Options for Your Granddaughter's Future
Diversified Equity Mutual Funds
Invest in diversified equity mutual funds.

These funds offer potential for higher returns.

Actively managed funds can outperform passive index funds.

Consult a Certified Financial Planner (CFP) for fund selection.

Systematic Transfer Plan (STP)
Use a Systematic Transfer Plan (STP) to move lump sum to equity funds.

This reduces market timing risk.

STP transfers money periodically, providing better cost averaging.

Debt Mutual Funds
Allocate a portion to debt mutual funds.

These funds provide stability and lower risk.

They balance the volatility of equity investments.

Public Provident Fund (PPF)
Consider opening a PPF account for long-term benefits.

PPF offers tax-free returns and guaranteed safety.

It has a 15-year lock-in period, ideal for education funding.

Sukanya Samriddhi Yojana (SSY)
Invest in Sukanya Samriddhi Yojana (SSY) for girls.

It offers attractive interest rates and tax benefits.

The scheme is designed for long-term savings for girls.

Gold Bonds
Invest a small portion in Sovereign Gold Bonds.

They offer interest income and capital appreciation.

Gold acts as a hedge against inflation.

Education-focused Mutual Funds
Consider funds dedicated to children's education.

These funds invest with a goal of funding higher education.

They have a mix of equity and debt for balanced growth.

Regular Review and Adjustments
Review the portfolio annually.

Adjust allocations based on performance and market conditions.

Ensure the investments align with your granddaughter’s educational needs.

Benefits of Professional Guidance
Seek advice from a Certified Financial Planner (CFP).

They provide tailored investment strategies.

CFPs help in selecting suitable funds and adjusting portfolios.

Avoid Direct Equity Investments
Direct equity investments require active management and expertise.

They are riskier and may not be suitable for education goals.

Mutual funds provide professional management and diversification.

Final Insights
Diversified Equity Funds: High return potential with active management.

Systematic Transfer Plan: Reduces market timing risk and provides cost averaging.

Debt Funds and PPF: Stability, safety, and tax benefits for long-term goals.

Sukanya Samriddhi Yojana: Ideal for girl child’s future with attractive returns.

Gold Bonds: Hedge against inflation with interest income.

Education-focused Funds: Balanced growth for education funding.

Professional Guidance: Essential for tailored investment strategies and adjustments.

By diversifying your investment across these options, you can ensure a balanced and growth-oriented portfolio for your granddaughter’s higher education needs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Milind Vadjikar |475 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 13, 2024

Asked by Anonymous - Sep 13, 2024Hindi

Money

Sir, My daughter have selected following funds to invest Rs. 10 L. Her horizon is 5 years min. Tata nifty 50 index fund..Gr ICICI India opportunities fund Gr Mahindra Manulife multicap fund. Gr Motilal Oswal midcap funds. Gr Each fund will have 2.5L investment amt. Please advise. Thanks

Ans: I advise the following combination:
UTI Nifty 50 Index Fund
ICICI Pru Value Discovery Fund
Nippon India Multicap Fund
Motilal Oswal Midcap Fund

All growth plans. She needs to do assessment of her risk appetite and change the combination if her risk appetite is moderate since all these are equity funds with high risk ratings.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates

Happy Investing

Latest Questions

Dr Dipankar Dutta |665 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Oct 21, 2024

Asked by Anonymous - Oct 20, 2024Hindi

Career

Sir, I have 22 years of experience in software development in top MNCs like TCS, coforge limited and others. I am currently working as a software architect in a MNC. I am not finding work interesting and want to explore AI field. I want to learn AI from basics till advanced as I think I will be be able to create some products using that knowledge. Do you find this feasible and practical. Do you think I can learn AI upto expert level. Can you suggest me some serious AI and GenAI related courses having solid course content. I am not looking for a shallow quick course. I see too many options online and unable to judge which might be good.

Ans: This is a common but important problem for creative people like you. You are working in service industry and want to work in product development using AI. For that you have to make your basic strong. You have to study basic mathematics like probability and statistics, linear algebra, discrete mathematics etc. Then you should study subject like AI, Soft Computing, Pattern Recognition, Data Mining, NLP, Deep learning etc. In NPTEL you will get a lot of free courses. Detailed discussion can be done one to one.

Nayagam P P |3828 Answers |Ask -Follow

Career Counsellor - Answered on Oct 20, 2024

Question by kavi - Oct 10, 2024Hindi

Career

Hi, I have experience as a HR Recruiter and vendor manager (including day to operations) for a total of 2.5 years. Now I'm planning to resume my career as an HR. I have been applying to so many HR jobs from but all gone in vain because of so many rejections and current market. I feel due to my digital transformation, AI inclusion and no experience in other HR roles like payroll, engagement, compensation and benefits and so on is the reason for not getting selected. My parents are not ready to risk to pay for HR certification courses as job is not guaranteed. I am in my late 20's. Due to marital pressure and family pressure they are asking me to switch to IT job (SAP). I am unable to make a decision. Should I continue to search in HR job or should I look into IT as suggested. Kindly help me

Ans: Kavi, you have correctly identified that HR necessitates extensive knowledge, as Recruitment and Staffing are merely one of its many functions. Furthermore, the process of identifying and securing the most suitable candidates for the organization has become progressively more complex due to a range of factors. It is advisable to explore HR Recruitment opportunities through LinkedIn Job Alerts. The lack of supplementary skills, knowledge, or certifications in HR is a significant reason for the rejection of your resume. Kindly refine your resume by incorporating relevant keywords. For guidance on creating an effective resume, please visit my YouTube channel, edujob360, at your convenience and prepare your resume accordingly. Furthermore, you have the option to enroll in an IT Certification Course, available in both in-person and online formats, through a recognized institution. It is essential to conduct comprehensive research on the course curriculum, job guarantee or assistance, reviews of the course or institution, fees, course duration/times, and other pertinent factors before enrolling in any certification course, whether online or offline. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Nayagam P P |3828 Answers |Ask -Follow

Career Counsellor - Answered on Oct 20, 2024

Asked by Anonymous - Sep 16, 2024Hindi

Career

Hi I am 29 years old with over 6 years of experience in sales and customer support I am currently start working in an IT company as a senior sales executive so I realise that i start love coding I have done MCA as well but not good at coding so choose the different path but now I am realising that I am doing almost same thing from last 6 year's no new thing I have learned so I am decided to start my career in coding again so I want to know how to start?

Ans: It is best to stay in sales and take any online certification course offered by reputable online coding platforms. Please add job alerts about coding jobs to your LinkedIn account if you have one so that you may stay up to date on the latest trends in the job market and advance appropriately. You will benefit greatly from frequenting LinkedIn. You can also attempt any offline certification by going to classes on the weekends or in the evenings. Do extensive research on the course curriculum, job guarantee or assistance, reviews of the course or institution, fees, course duration/times, etc. before enrolling in any certification course, whether online or offline. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Nayagam P P |3828 Answers |Ask -Follow

Career Counsellor - Answered on Oct 20, 2024

Question by ARUN - Oct 05, 2024Hindi

Career

My child as a foreign citizen, through SAT can get admissiom in IIIT Hyd, BITS Hyd, VIT Vellor, DA IICT Gandhinagar, LN-MIT Jaipur for BTech CS. Considering approximate fee of Rs 60 lkh, 60Lkh, 60 lkh, 45 lkh and 30 lkh respectively - please what should be our choice order? Thank you very much.

Ans: Arun Sir, As your Child is a Foreign Citizen, prefer first BITS-Hyd, followed by IIIT-Hyd, DA IICT, VIT-V & LN-MIT-J. All the BEST for Your Son's Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Nayagam P P |3828 Answers |Ask -Follow

Career Counsellor - Answered on Oct 20, 2024

Asked by Anonymous - Oct 20, 2024Hindi

Career

Are you sure that I will get another two chances for JEE advanced after re passing 12 from another board

Ans: Yes. Any State or CBSE or ICSE or International Board Students are allowed to appear for JEE. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Nayagam P P |3828 Answers |Ask -Follow

Career Counsellor - Answered on Oct 20, 2024

Asked by Anonymous - Oct 20, 2024Hindi

Career

Sir are you sure that I will get another two chances for JEE advanced after he passing class 12th exam from another word even if I attempts are completed

Ans: Maximum 2 attempts are allowed. If you have attempted once, one more chance you will get. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Milind Vadjikar |475 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 20, 2024

Asked by Anonymous - Oct 20, 2024Hindi

Money

I have 75 lakhs in sb account I am not investing in stock or mutual fund this fund I kept for my daughter education for next four year Please advice how I can invest this fund risk free to have good return in 3 to 4 year

Ans: Hello;

Even savings accounts are not absolutely safe because they do have default risk. (Particularly co-operative and private banks).

If it is savings account with a Govt owned bank then the default risk may be nil but the bigger risk in this case is your money is losing its purchasing power since it may be drawing 3.5-3% interest while inflation is rising annually by around 6%.

I propose to you two type of mutual funds:

1. Arbitrage type of mutual funds:
Arbitrage funds are mutual funds that seek to profit on price differentials in the derivatives and cash (or spot) markets by engaging in simultaneous buy and sell transactions in cash and futures markets.

Since they have simultaneous buy & sell positions in the equity market, the risk is low.

2. Gilt type mutual funds:

Gilt funds are type of debt mutual funds that only invest in central or state government securities so default risk is nil, but interest rate risk is there.
Hence they have moderate risk.

But if you are not comfortable with these options then you may check with some banks which offer flexi FD feature on their savings account.

The money remains readily available to you at the same time earns slightly more then the savings account interest rate. ICICI, Kotak and Axis banks offer this feature but you need to check for SBI or other banks.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Milind Vadjikar |475 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 20, 2024

Asked by Anonymous - Oct 20, 2024Hindi

Money

Good morning sir.. I am 32 year an govt employee my current 2024 basic+ day is 69000 rs. my retirement at 2051 and I already have some amount in CPF account approx 10 lakh so can I withdraw some partial amount of cpf and save in mutual fund for better results so give me right decision for better results

Ans: Hello;

I would suggest you to not remove money from EPF for investments into mutual funds.

Any how EPF corpus has 15% exposure to equity market(through index funds) slated to be increased to 20%.

After fulfilling your household needs if you surplus income which you would like to invest then you may begin with a 5 K sip into HDFC balanced advantage fund (Growth) for 3 years to begin with.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Asked on - Oct 20, 2024 | Answered on Oct 20, 2024

CPF IS FIXED 10% OF BASIC+ DA NOT MORE THAN

Milind Vadjikar |475 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 20, 2024

Question by Visu - Oct 20, 2024Hindi

Money

I have invested in L & T infrastructure bonds 2010A series in the year 2010. I got the certificate in physical form. I do not know how to encash the bond where it was given in the certificate that it mature after 10 years. May I please how to redeem the amount invested. any follow up procedure to get the amount invested.? When I send the mail sharepro services, the service agent of the l&T bond, the mail undelivered. May I request you please, to kindly advise as how to proceed with on the L & T infra bond 2010 A series.

Ans: Hello;

These may be handled through L&T Financial Services.

You may search their website for your query.

We can't give any email/phone number in answers.

Thank you for your kind understanding!!

Best wishes;

See more questions »

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x