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Hemant

Hemant Bokil  | Answer  |Ask -

Financial Planner - Answered on Mar 02, 2023

Hemant Bokil is the founder of Sanay Investments. He has over 15 years of experience in the field of mutual funds and insurance.Besides working as a financial planner, he also hosts workshops to create financial awareness. He holds an MCom from Mumbai University.... more
Deep Question by Deep on Jan 09, 2023Hindi
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what is best investment plan at 30s?

Ans: Best investment plan at 30 for retirement goal at 50 will be SIP in mid cap and flexi cap funds and choosing a plan like Jeevan umang from LIC as a fixed guaranteed tax free income
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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Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Jan 29, 2023

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At the age of 30, what kind of savings are suggested...?
Ans: Before giving this answer, I assume the following:-
• You have a job with some capacity to invest for your future financial goals.
• You have not done any investments so far and are starting afresh.
Whatever you have already done or are already doing can be discounted from what I have written below.

As a young person with family responsibilities right now or coming up in future, you should be doing the following:-
• You should have an emergency fund at the very outset, equal to 6-12 months’ worth of your expenses, to cater for unforeseen circumstances like a job loss or gap while transiting to another job. If you do not have it, create earliest through a lumpsum or slowly contributing to it, as convenient to you. It should be invested in small bank FDs or Liquid mutual funds from where you can take it out in a short period of time.
• Have a term insurance plan with a life cover equal to about 7 years of your annual income, in case you have any financial dependencies.
• Even if you have a medical insurance cover given by your employer, have your own cover too for about Rs 3-5 Lakhs to cater for employer provided cover not being there.
• Subscribe to EPF to the extent of Rs 2.5 Lakh (own contribution) per year which is the maximum tax-free amount you can contribute to it.
• Depending on your risk profile, invest in SIPs (Systematic Investment Plan) of Equity Mutual Funds for your long term goals occurring at least 5 years from now. In case you have any goals coming up withing 5 years, the investment should be done in a combination of FDs/RDs, debt funds and hybrid funds as per the amount available with you and your risk profile. Increase these SIPs as per your salary increase every year.
• Your financial goals would pertain to your children, house, retirement, vacations, vehicle and many more as per your own perception and requirements. For retirement goal, NPS (National Pension Scheme) would also be a good way to go ahead with in the form of SIPs there.

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Prof Suvasish

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Career Counsellor - Answered on Nov 08, 2024

Prof Suvasish

Prof Suvasish Mukhopadhyay  |19 Answers  |Ask -

Career Counsellor - Answered on Nov 08, 2024

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Career
I am engineer with 16 years of IT experience and now a break of 11 yrs. But in 11 yrs I had been taking Quantitative aptitude lectures as a visiting faculty in various engineering and MBA colleges and also done Mutual fund certification. I haven't been siting but doing many things professionally in last 11 yrs(In my subject of interest as Maths, Teaching, Finance, Accounting, Wealth Management). I was thinking of doing ESG certification. What kind of role I would get if i am CFA ESG certified.I am looking for Professionally and intellectually engaging role where I can contribute to Society. Not a very NGO type( I have tried working with few NGO's)
Ans: I won't recommend you to go for ESG certification unless you are having a background of Env. Engg and Environmental Impact Assessment. The certificate course of ESG is costly also. I would request you to open your own academy ( if off line not possible then online) and go for only one subject. Let me know your age.Focus only on one subject. You have explored many areas and now you are perplexed. Here the questions are assigned to me through rediffmail. So second time whether your question will come to me or not is not known to anyone of us. Due to the policy I can’t share my email ID and Phone Number. But I would request you to follow me in LINKEDIN and send request so that I can accept you, then through LINKEDIN I can counsel you in the future multiple times. Through LINKEDIN I will be readily and easily accessible. I have counselled and changed thousands of lives. As long as I am there I won’t allow you to be defeated. Mind that always I am there with you like an invisible shadow to show you the right career path.

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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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