Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 07, 2022

Mutual Fund Expert... more

Question by Girish on Dec 07, 2022Hindi

Money

I am a working class man and have started SIP in following funds from the last 6 months. Can invest till my retirement i.e. for the next 23 years period.

My total monthly SIP is of Rs 22,000, I can increase Rs 500 in each fund (i.e. 15% step up) every year based on my salary. For the next 13-15 years I can take high risk out of 23 years. My other investments are PF (21600(employer) + 21600(employee)) yearly and can start Rs 50,000 yearly in NPS for tax saving.

Looking for a combined corpus of 8-10 crore till retirement for my child's education (1 year old) and for my retirement savings, Can I achieve this with my SIP and other investments?

Kindly guide /provide your expert opinion whether any of my funds are overlapping or needs to be discontinued or any new funds needs to be added to meet my target corpus.

Funds:
1. Mirae Asset Global Electric & Autonomous Vehicles ETFs FundofFund (Direct Growth) - Rs 1,000 -Active
2. canara Robeco Bluechip Equity Fund (Direct Growth-Large Cap) - Rs 3,000 -Active
3. ICICI Prudential US Bluechip Equity Fund (Direct Growth-Sectoral/Thematic) - Rs 3,000 -Active
4. PGIM India Flexi Cap Fund (Direct Growth) - Rs 3,000 -Active
5. PGIM India MidCap Opportunities Fund (Direct Growth) - Rs 3,000 -Active
6. Quant Active Fund (Direct Growth-Multicap) - Rs 3,000 -Active
7. Quant Small Cap Fund (Direct Growth) - Rs 3,000 -Active
8. Quant Tax Plan (Direct Growth-ELSS) - Rs 3,000 -Active
9. Axis Long Term Equity Fund (Direct Growth-ELSS) - Rs 3,000 -Paused

Ans: Funds are fine, with a monthly investment of 22000 with an annual step up of 15% the corpus that can be created is Rs 10 -12 cr in 23 years.

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

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Apr 05, 2022

Question by SHREYANS - Apr 05, 2022Hindi

Money

Below are the SIPS I have been doing to build a corpus of 1 cr over 20 years kindly suggest the feasibility with the following funds: Axis Bluechip Fund - Gr. 1200 Axis Midcap Fund - gr. 1500 Canara robeco Bluechip equity fund -2000 Canara robeco emerging equities fund gr 3000 Hdfc index fun post addendum 3000 Invesco india mid cap fund gr 5000 Mirae asset emerging equities fund gr1500 Nippon india US equity opportunities fund gr 2000 Pgim india global equity opportunities fund gr 2000 Pgim india midcap opportunities fund gr 4500 Quant avtive fund gr 3000 Sbi small cap fund gr. 1500 All funds I have invested are growth funds. Kindly review and suggest any funds to stop or increase amount in other or add any other fund to portfolio.

Ans: Funds are decent. Growth options are best options but there are too many funds in your portfolio. You can still continue with your investments.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on May 30, 2022

Question by Mohan - May 30, 2022Hindi

Money

I am 31 and work in a public sector company. I would retire at the age of 60. My objective is long term fund accumulation. I am aiming to create a corpus of Rs 2 CR in next 18 years for children’s higher education and would like to create a corpus of Rs 2 CR in next 30 years for my retirement corpus. Please advise if I am going in the right direction to achieve my target or if some changes are required. I have been making SIP investments as listed below since 3 months. 1. axis long term equity fund direct growth - 5K 2. uti flexi cap fund direct growth - 5K (annual top up 10 per cent) 3. mirae asset emerging bluechip fund- 2.5K 4. pgim midcap opportunities fund direct growth - 5K(annual top up 10 per cent) 5. hdfc nifty 50 index fund direct- 5K(annual top up10 per cent) 6. sbi focused equity fund direct growth - 3K(annual top up 10 per cent) 7. sbi small cap fund direct growth- 2K 8. hdfc small cap fund direct growth -2K(annual top up 10 per cent)

Ans: Please continue

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Aug 04, 2020

Question by Sahil - Aug 04, 2020Hindi

Money

I have invested in below mutual funds via SIP from Jan 2018 and will continue the investment for another 12-13 years. I want to build a Retirement Corpus of 4 to 5 crores. My risk profile is Aggressive/Moderate and want a mix of Equity & Debt Funds. My current portfolio is as follows: 1) Aditya Birla Sunlife Focussed Equity Fund-Growth - 2000 per month 2) L & T Midcap Fund Cumulative - 2000 per month 3) Mirae Asset Large Cap Fund -Growth - 2000 per month 4) SBI Magnum Multicap Fund - Growth - 2000 per month 5) Sundaram Rural Consumption Fund Regular Growth - 2000 per month. 6) Axis Bluechip Fund G - Direct Plan - 2000 per month (This is only 5 Months Old SIP) Please suggest if i want to increase the current SIP amount of 12000 per month to reach the goal & if the above portfolio needs to be tweaked to better funds. SIP of Rs. 12K can build a corpus of Rs. 60 lakhs only in 15 years … for 4 to 5 crs , SIP amount needs to be Rs. 75000 to Rs. 100000

Name of the Fund	Category	RankMF Star Rating	Recommendations
Sahil Dhamija
1) Aditya Birla Sunlife Focussed Equity Fund-Growth - 2000 per month	Equity - Focused Fund	3	switch to Axis Focused 25 Fund - Growth
2) L & T Midcap Fund Cumulative - 2000 per month	Equity - Mid Cap Fund	3	Switch to - Dsp Midcap Fund - Growth
3) Mirae Asset Large Cap Fund -Growth - 2000 per month	Equity - Large Cap Fund	4	Continue
4) SBI Magnum Multicap Fund - Growth - 2000 per month	Equity - Multi Cap Fund	3	Switch to UTI Equity fund - Growth
5) Sundaram Rural Consumption Fund Regular Growth - 2000 per month.	Equity - Thematic Fund - Other	2	switch to Axis ESG Fund - Growth
6) Axis Bluechip Fund G - Direct Plan - 2000 per month	Equity - Large Cap Fund	3	Switch to UTI MasterShare - Growth

Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Sep 02, 2023

Asked by Anonymous - Aug 21, 2023Hindi

Money

Hello Nikunj Sir, I am 42 years old IT Professional and I am looking to build a sizeable corpus around 4.5 crore for retirement. Here is breakdown of my SIPs:- HDFC Large and Midcap Fund - 5000 INR/month Axis Long Term Equity Fund - 10000 INR/month ICICI Prudential Bluechip Fund - 2500 INR/month Axis Bluechip Fund - 2500 INR/month SBI Bluechip Fund - 2500 INR/month SBI Flexi Cap Fund - 2500 INR/month HDFC Mid-Cap Opportunities Fund - 5000 INR/month Is this portfolio distribution OK or I need to increase my SIP contribution ? Kindly guide.

Ans: Hello Value Investor. With vision of retirement planning goal for 4.5 cr, Its advisable to increase your sip amount to 40k . Furthermore, I would suggest to reduce your category allocation limit to 1-2 schemes in blue-chip category. You may also introduce smallcap and multi asset in your portfolio in future.

Latest Questions

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 12, 2024Hindi

Money

I am 46 years old, have a income of 2.8 lacs with variable pay every month after tax deduction. My total CTC is approx 66 lakhs/annum with stock. I have 2 flats worth 1.8 crores, one land worth 9 lakhs, one ancestral land worth 45 lakhs, have company stocks worth 20 to 30 lakhs. PPF current is 32 lakhs for 21 years of experience. My liabilities are home loan worth 80 lakhs. My monthly expenses including EMI is 1.8 Lakhs. My kid education cost 2-3 lakh per annum in Bangalore and she is 12 years in grade 7. Can you help me, how much I need to save every month, so I can have 6-7 crores in liquid money in 10 years and how much should I have for retirement plan by 65+

Ans: Hello;

You may start a monthly sip of 80 K and top it up every year by 20% to reach a corpus of 4 Cr after 10 years considering modest return of 12%.

The land parcels(45+9= 54 L) and company stock(20 L) if sold and the proceeds reinvested in mutual funds for 10 years may yield you a corpus of around 2.3 Cr after 10 years.

So you may accumulate a cumulative corpus of 4+2.3=6.3 Cr after 10 years, as planned.

If you invest 20 K in NPS per month you may reach a corpus of 1 Cr+ in 19 years from now.

You may need a corpus of 8 Cr to generate a retirement income of 2.8 L per month (post-tax) to cover your inflation indexed regular expenses sans the EMI.

Happy Investing;
X: @mars_invest

Kanchan Rai |403 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Nov 17, 2024

Asked by Anonymous - Nov 15, 2024Hindi

Relationship

I am 39 year old single male, is it normal for not being married till this age?

Ans: Yes, it is absolutely normal not to be married at 39. Marriage timelines vary greatly depending on personal choices, cultural norms, and life circumstances. Societal expectations around marriage have evolved, and many people now prioritize other aspects of life, such as career development, personal growth, or meaningful relationships, over adhering to traditional timelines.

Being single at 39 could also mean that you're waiting for the right partner and connection, which is a thoughtful and mature approach. It's better to be in a fulfilling and authentic relationship than to rush into marriage due to societal pressure.

If you’re content with where you are in life, that’s what matters most. If you’re feeling uncertain or pressured, exploring what marriage or partnership means to you and aligning it with your values can be helpful.

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 17, 2024Hindi

Money

I invested 30 lakhs rupees in SBI market unit link policy,ita a policy of 5 years n 5 years waiting period so total 10 years, every year I paid 6 lakhs rupees for 5years n it's almost 6 years now,so how much money will I get it now

Ans: Hello;

Could be approx between 35-38 L.

Best wishes;

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Question by Saravanan - Nov 12, 2024Hindi

Money

I am seeking guidance on my current financial situation. I am 50 years old, with a net take-home income of 1.42 lacs per month, while my wife earns approximately 75k monthly. We have two daughters pursuing higher education, with annual fees totalling 6.10 lacs. In the wake of the COVID-19 pandemic, I faced a significant setback when I was unable to pay my home loan EMI, leading me to opt for a moratorium. Despite having already paid approximately 43.85 lakhs towards my home loan of 58.50 lakhs taken in 2017, the principal outstanding has astonishingly increased to 59.45 lakhs. I now find myself committed to an EMI of 65,000 monthly, further straining our financial resources. To cover both my daughters first-year college fees, I took out a gold loan of 5.5 lakhs, for which I currently pay 50,000 a month. I had invested in a family health insurance policy with Star Health, covering 10 lakhs, but due to poor service I stopped paying my premium, which had an accrued value of 17.50 lakhs. I hold a provident fund account with a balance of 2.5 lakhs. I am concerned about planning for my elder daughter's wedding in the next 2 to 3 years and my retirement. I would appreciate any advice or strategies you could provide to help me navigate this situation effectively.

Ans: Hello;

Try and understand from the home loan lender as to how 59.45 L principal is overdue despite paying a sum of 43.85 L, despite factoring 80% of this as interest payment, the overdue principal should be below 50 L.

Double check if this is as per the terms of moratorium.

If you are not satisfied with replies from the lender escalate the matter to the highest authority at lender or RBI.

Lender can't behave irrationally just because you availed moratorium during COVID.

In my view you should have just sold the gold rather then taking loan against it.

That way you could have lessened EMI burden on your finances and ensured investments for retirement and other goals.

Unfortunately we have a tradition of attaching emotional value to precious metals and real estate.

The best "jewellery" you can offer to your kids is good education, which you have already done.

In matters of health insurance never discontinue a policy due to dissatisfaction with the insurer, port it to another insurer, 1.5/2 months before the renewal date so that your benefits remain intact. Now you may be need to find another health care insurance.

You may begin a monthly sip of 25-30 K in diversified large cap oriented mutual fund for 5 years.

Also give a thought to NPS, you can contribute till 70 age, for retirement pension.

Best wishes;

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 15, 2024Hindi

Money

I am 42 years old male currently working as a software engineer in a private company and drawing 1.1 lakhs per month. I have 2 school going kids. My monthly expenses are around 80K per month including rent. I don't have any personal property in my name. I have invested 50L in postal term deposit(yearly payout), 20L in Shriram transport finance FD(monthly payout), 11 lakh in HDFC balanced fund dividend(monthly payout), 6L in bank FD(monthly payout) all in my wife's name. I have invested 28L in my HUF account against Shriram Transport Finance FD (monthly payout). I have around 20L in EPF and Gratuity. I have around 8 lakhs in miscellaneous Mutual funds with a monthly sip of around 36K. Most of my investments pay me monthly return except this SIP. I have done so as software job is very fragile which can go any time. However I have maxed out on the return I can take per year on my wife's head (7L) and HUF(2.5L) without tax liability. Please advise how I can invest further to get returns so that I can quickly withstand any job loss.

Ans: Hello;

You have already made sufficient provisions to survive a job loss because your passive monthly income is now almost covering your monthly expenses.

But if you need added back-up you may keep expenses worth 6 months(@ 5 L) in a liquid type mutual fund.

Focus on 3 goals;
1. Children's education
2. Retirement
3. House

If you again keep investing in fixed income bearing instruments then you may not be able to grow a corpus to fund these goals.

A mutual fund sip(36 K) is a step in the right direction. I believe these are scheme with Growth option.

Hope you have EPF/NPS/PPF investments as well.

Happy Investing;

Komal Jethmalani |368 Answers |Ask -Follow

Dietician, Diabetes Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 15, 2024Hindi

Health

Hello madam I m 45 years old male from last 2 year.I m type 2 diabetic patient.I m on intermittent fasting 18hrs..I take lunch at 13.00 and dinner at 18.30..I m on salad in lunch with protien 100gm no carbs and in dinner i take salad protien 100gm and 100gm cooked rice...My weight and height 78kg and 178 cm..I take 12000 steps every day.My H1abc is 49.I live in europe..Just looking youtube video I make discipline in my life..Is anything more i can do better? Thank you

Ans: I am glad that you've established a disciplined routine that's impressive and beneficial for managing type 2 diabetes. Keep track of your blood sugar levels before and after meals to understand how different foods affect you. Hydrate well and add healthy fats such as avocados, nuts, seeds, and olive oil which can provide satiety and essential nutrients without spiking your blood sugar. Incorporate fruits, vegetables, beans , etc. in your diet to ensure a good intake of fiber. While your daily 12,000 steps are excellent, incorporating other forms of exercise such as strength training or cycling, etc., will be beneficial.

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 16, 2024

Question by Krishna - Nov 11, 2024Hindi

Money

sir, I wish to start SIP of Rs 5000 each in one small cap , one midcap , one flexi cap and one multi cap funds.Please suggest me the funds where I can invest. I am planning to invest fir a period of ten years.

Ans: Hello;

You may consider following funds:

SBI Small cap fund
Kotak Emerging equities fund
PPFAS flexicap fund
Nippon India Multicap Fund

These funds are recommended based on relatively steady returns over 10 year horizon.

Happy Investing;

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 16, 2024

Asked by Anonymous - Nov 10, 2024Hindi

Money

Hi Nitin, I am 40, no saving, no investments. Was out of job in '22 restarted contractual work in '24. During this period of 2 years. I borrowed money from people (friends/ family) & credit card. Missed multiple EMI's. Cibil score has gone for a toss. Out of monthly income of 40,000 i have monthly due of 30,000 to clear each month. Please guide how i can turn around the situation.

Ans: Hello;

Only way you can turnaround the situation is by diligently repaying overdue loans.

Once loans are over start a monthly sip of 20 K. This can grow into a corpus of around 50 L in 10 years and around 1 Cr in 15 years. (12% return from equity funds assumed).

Best wishes;

Milind Vadjikar |641 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 16, 2024

Question by Kaushik - Nov 11, 2024Hindi

Money

Hello, I am 49 years old and seeking an early retirement. My total corpus at the current state is approx 8 Cr as per the following breakup. 1. Equity - 4.4 CR 2. FD - 1.05 CR 3. Gold - 1 CR 4. 2 nos Property - current valuation - 1.6 CR My curent monthly expenses is approx 1.5 lacs. I have done an medical insurance and I have zero debt. Is this situation is favourable for me to retire in next 1 year with considering life expentensy around 85 years. I am still unvesting 1 lac per month is equities. Thanks

Ans: Hello;

Kudos for a judicious blend of asset allocation.

I have assumed one property occupied by you (80 L) while the other property is let out(80 L) and considering 3% rental yield may provide you a monthly income of 20 K.

You may buy immediate annuity for a sum of 1.45 Cr which may provide you a monthly income of around 65 K (post-tax). (6% annuity rate considered)

For the balance 5 Cr corpus you may do an SWP in a low to moderate risk equity savings fund like ICICI Pru equity savings fund. A 3% SWP will get you a monthly income of 1.12 L (post-tax).

So your total post-tax monthly income in retirement would be 1.12+0.2+0.65= 1.97 L.

A modest return of 8% on SWP fund will be good enough to provide inflation adjusted income every year till the age of 85.

Avoid direct equity and pure equity mutual fund exposure in retirement. Invest through hybrid mutual funds, with low allocation to equity.

Happy Investing;

Dr Nagarajan J S K |167 Answers |Ask -Follow

Health Science and Pharmaceutical Careers Expert - Answered on Nov 16, 2024

Asked by Anonymous - Nov 11, 2024Hindi

Career

Hi Experts, Should i take md/diploma in non clinical branch or drop for another year, this will be my fifth attempt. My current rank in neet pg is 87k.

Ans: Hi,If you have the opportunity to pursue an MD in Pharmacology, I highly recommend that you do so without hesitation. There are numerous opportunities for pharmacologists in the pharmaceutical industry. These companies are required to conduct clinical studies before marketing their drugs, making a background in pharmacology highly valuable. Therefore, pursuing an MD in Pharmacology can be a great decision for your career.

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