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Nikunj

Nikunj Saraf |281 Answers |Ask -Follow

Mutual Funds Expert - Answered on Oct 27, 2022

Question by Rohit on Oct 27, 2022

Money

I am 31 yrs old. I am investigating in below schemes since last 2 years. My plan is to build a portfolio such that I can expect an amount of 1cr in next 8-10 yrs. (Goals-Daughters education, Clearing home loan). Request to give your appreciation of my existing portfolio and request to suggest if any changes to be done with required. Investment amount to fulfill the goal.

1) ICICI Prudential Technology Fund-2000

2) Nippon India Small cap Fund-1000

3) Parag Parikh flexicap Fund-1000

4) SBI Bluechip fund-1000

5) Axis small cap fund-1000

6) PGIM India Midcap opportunities fund-1000

7) Franklin India feeder franklin us opportunities fund-1000

8) Axis Bluechip fund-500

Total: 8.5k/Month

Ans: Hi Rohit. It appears that your portfolio has a good report. It would be advisable to reconsider the SBI AMC fund with better peer schemes.

The current amount of SIP is very low to achieve a corpus of 1 cr in 10 yrs; you should increase your SIP amount to 35,000 and above.

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Question by Sriram - Apr 20, 2023

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I'm 45 years old and have the following investments in Mutual Funds and other investments. Kindly review my portfolio and suggest changes as needed. My goals are: retirement and higher education for my son who is 13 years old now AXIS LONG TERM EQUITY FUND REGULAR IDCW PAYOUT - 1 lakh (one time) AXIS MULTICAP FUND-REGULAR PLAN-GROWTH - 1 lakh (one time) DSP TAX SAVER FUND IDCW PAYOUT - 50,000 (one time) ICICI PRUDENTIAL VALUE DISCOVERY FUND IDCW PAYOUT - SIP (5000) SBI BLUE CHIP FUND REGULAR PLAN IDCW PAYOUT - 1 lakh (one time) ICICI Prudential Bluechip Fund -IDCW - 1 lakh (one time) Mirae Asset Emerging Bluechip Fund - Regular Plan Growth - SIP (5000) Tata India Tax Savings Fund Regular Plan IDCW - 50,000 (one time)

Ans: Dear Sriram,

Thank you for reaching out to me for advice on your investment portfolio. Based on the information you provided, here's an overview of your current investments and some suggestions to optimize your portfolio.

Current Investments:

Axis Long Term Equity Fund - ₹1 lakh
Axis Multicap Fund - ₹1 lakh
DSP Tax Saver Fund - ₹50,000
ICICI Prudential Value Discovery Fund - ₹5,000 (SIP)
SBI Blue Chip Fund - ₹1 lakh
ICICI Prudential Bluechip Fund - ₹1 lakh
Mirae Asset Emerging Bluechip Fund - ₹5,000 (SIP)
Tata India Tax Savings Fund - ₹50,000
Here are some recommendations:

Diversification: Your current investments are heavily focused on large-cap and tax-saving funds. To diversify your portfolio, consider allocating a portion of your investments to mid-cap, small-cap, and debt funds. This will help you spread the risk and potentially achieve better returns over time.
Review SIPs: Your SIPs in the ICICI Prudential Value Discovery Fund and Mirae Asset Emerging Bluechip Fund are a good start for long-term wealth creation. Evaluate their performance regularly and consider increasing the SIP amount as your income grows.
Education Goal: Since your son is 13 years old, you have around 5 years before he starts his higher education. It is advisable to start a separate investment in a balanced or hybrid fund specifically for this purpose. This would help you achieve the required corpus by the time he is ready for college.
Retirement Planning: At 45, you have around 15-20 years before retirement. For this goal, consider investing in a mix of equity and debt funds with a long-term horizon. You can also consider starting an SIP in a retirement-focused mutual fund to ensure a steady income post-retirement.
Reinvest IDCW: For funds with IDCW (Income Distribution cum Capital Withdrawal) payout option, consider switching to the growth option. This will allow your earnings to be reinvested and compounded, resulting in better returns over the long run.
Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Wishing you the best in your investment journey!

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I am a 72years young, spent a good life enjoying the returns from exports of leather goods while it shone. With the gilt and glamour gone from the now moribund enterprise, seeking a way about to earn some in Kolkata. No money to invest, only can impart whatever experience one has garnered over the years. Thought of Soft skill development like verbal/written business communication, but wonder if many give a damp about these when two, three or four letter words in emails suffice as nobody appreciates long letters anymore. Giffy is the hot word of the day. Personally I still feel there is still a need to be an effective communicator in all spheres of life What would be your advice on this? Thinking of content writing may be another avenue but how does go about it? Don't have too many years in hand to develop any complex data based subjective writing prowess. Await your wise suggestions.

Ans: Dear Amit ji, Age is never a factor to start a new career based on experience and a new skill. Kolkatta is a very happening city. You can get in touch with some publisher who is in content writing and communication area. They will further guide you. Best wishes and prayers, Dr Radhakrishnan Pillai

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I am having migraine.. I used most of the tablets . Can you please help me to overcome it

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Question by Manish - Jun 02, 2023

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Hi mam, I can't getup early in the morning because of my Late night Phone habit. what should I do.

Ans: Dear Manish,
Any habit happens because of repetition...similarly to form a new useful habit, you need to repeat it sufficient number of times for it to become an automatic behaviour.
But you will not be able to form that new habit till you can convince your brain that what you lose from the old habit, you will somehow gain with a new useful habit.
So, ask yourself, what it is that I gain by being on my phone late night? Is it fun? Is it keeping me away from loneliness?
Now create, the same through your new habit...the same fun, the same company...you can join a gym, you can be a hobby...
These are mere examples...now apply it on to your situation and change...

All the best!

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Asked by Anonymous - Jun 02, 2023

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I am a 45 years old Indian living in the US for the past 10 years with the family. Despite having a steady job and a pay which typically is considered high, I end up spending more than my income. My wife also works full time with good pay as well but she thinks it's my responsibility to provide and she just saves all her money in her own accounts. We have multiple properties on both our names including cars but only I pay. I pay for groceries, bills, travel everything. On discussing about the expenses, which I have done multiple times so far, she says I should be ashamed to expect money from a woman. If this continues, I will reach retirement age kind of broke I feel. Also, I will spend sleepless nights thinking about finances until then. Please advice.

Ans: Dear Anonymous,
Like in any partnership, marriage is one such partnership where everything is usually shared. But I do know of couples, where they mutually agree that one partner takes care of the bills and the other education etc.
In your case, your wife has been saving up and you have been bleeding dry of your finances.
But why exactly are you spending more than your income? Financial mismanagement? Maybe that's why your wife is worried that it might happen to her portion of the income too?
Having said that, I guess your wife also needs to move past the belief that the Man is solely responsible for bringing money home. By that logic, she should never have worked, right?

Since she is working as well, she can contribute towards the family to the extent it can help but it is also imperative that as a woman she keeps some finances saved as a back-up for herself. It provides a good safety blanket for a woman since she possibly feels that you are spending more than what you earn.
It's up to you to bring about the subject without her feeling that you are out to spend all her money. So, you really need to start with managing your finances better...I am sure things will get better from thereon...

All the best!

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Dear Sir, Im running 53 age, basically im BA + PGDHRM Graduate +Computer course Now iam a private company employee working as Sr.Executive office, i have blindly worked 17 years in our existing company without any strong financial benifits. and having low salary. Now I decided to do data science or any company work related course for my better carrier for remaining work period. so, my question is, can i get a better job in any company in this age, and also please inform me which course is better to me for my remaining future. (short term course). Now im working perfectly in MS Office & Tally.etc. please guide.

Ans: Dear Mr. Rao,
As you are already 53 and would be reaching superannuation in a few years, it is advisable to stick to the same company. If you want to change, you must look to upgrade your skills in AI and Data Science. These are the 2 skills which would be in high demand in the next 2 years and shift to a good company.

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Question by Mahi - Jun 02, 2023

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Hi Anu, I hope you're doing well. I'm a 24 year old girl working as a software engineer. I was in love with a boy in long distance relationship and I met him only once. We both had great understanding, respect on each other. It was all good between us. On February 2023, he called me one day saying that he wants to tell his parents about our love matter. I said okay and asked him what he wanted to do if his family disagrees. He said that he'll wait until his family approves. I was okay with it and he informed to his family. But things started changing after he talked with his family. He wanted to break up with me. I told him many times that I wanted to be with him and don't want to break up. But, he didn't agree. Eventually, we stopped talking with each other. It was hard for me to move on but after few months, i finally decided to move on with my life. Then suddenly he messaged me saying that he wants to get back with me. I didn't agreed as I lost my trust on him. He even informed his family about getting back with me and they were okay with it. He wants to marry me. But, now the problem is I still like him, but I lost trust in him. I wanted to give him a chance but I'm afraid because of past break up with him. I'm confused about what should I do? Anu, can you please suggest me about giving him a chance or moving on with my life?

Ans: Dear Mahi,
Thank you for asking. I am doing well and trust that you too will be in the same space as well.
When what he has done has broken your trust, it is difficult to get it back... he has come back, but you are perhaps thinking: what if he pulls the same stunt again? And this makes you question every move of his...

If you look at it from his point of view, he possibly also loves you but his family pressures are getting to him and he can do only that much. Yes, it would have been more 'human' to talk to you about what had happened after he spoke with his family. But he chose not to and that lack of transparency is what has thrown you off...perhaps, he isn't all that mature emotionally or feels that he might lose you if he shares anything.

Whatever it is, your loss of trust on him is justified after the way he had behaved. If the two of you still want to give your relationship a chance, kindly do so...and clearly state to him that you have lost trust on him. Not only does he have explaining to do but he must reassure you that he will be honest with you in future. Also, give some time before committing to a marriage while you watch whether he has changed and he is consistent with what he has committed to changing. Only when you are sure, take a decision either way!

All the best!

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Question by yadnya - Jun 01, 2023

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Hi currently i am doing bsc biotech with also i am doing neet preparation sometimes i feel pressurised i tried my best but due to two at time i get low marks than actual cutoff this year I feel disheartened can you suggest me how to think clearly and boost my self confidence how to work now as i feel like lost

Ans: Dear Yadnya,
Competitive exams are such! The mindset that is required to attempt these is not just hard work but also RESILIENCE; which means adapting the mind to reality with its challenges thrown at you...
It's not the question of mere passing or failing but a certain level at which you are required to perform. How will you know that before you sit down to write the exam? So, yes...there is a faint bit of luck involved perhaps...

Having said this; as much as you have put down structure and process to the way you study, put down a plan of how you will manage your mind irrespective of the outcome. Do not be attached to the results, but keep it as a Goal point! Attaching yourself to the outcome that is not in your control will only get you all stressed up...

1. Write down your Goal clearly
2. Put down a neat plan of action to achieve it
3. Break down the action plan into what you will do everyday
4. Do some physical exercise everyday
5. Set aside time to meet friends
6. Remind yourself that this exam is not the end of your dreams but one of the ways to live your dreams
7. Journal everyday to release stress

All the best!

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Good morning Madam..I am 57 years old, working as Deputy General Manager in a PSU (Coal industry). I don't fall into sleep atleast for about 90-120 mins after going to bed. Pretty much disturbed sleep even after that. Not more than 3-4 hours of sleep. No habit of afternoon nap too. Usually hit the bed at around 9.15PM. Dinner completes by about 8.15PM. Strict vegetarian and teetotaler. Rarely eat out. Do pranayama for about 15-20 minutes first thing in morning on empty stomach. What should i do to get sufficient sleep? Hari Narayanan

Ans: Hello Sir, you need to increase the gap between dinner and sleep to a minimum of two hours so that the food is completely digested. As a part of sleep regime - take a stroll outside or even inside the house one hour after dinner for abt 15-30 minutes, depending on your stamina. A good sleep also needs a relaxed mind, therefore, try anulom vilom for 10-15 minutes and 5 minutes of Om chanting before your lie down for sleep. Hope this helps. You can also try half a cup of chamomile tea before hitting the bed.

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Question by MICHAEL - Jun 02, 2023

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hi sir, my daughter has just got her 10th std results of 67 percent and is very upset.what are her chances of getting into a good reputed girls college in mumbai.what are her career chances in commerce.she want to persue a career in teaching line but is insistent in going for commerce.your advice please

Ans: She can go for commerce or arts. Thorough both she can have good career as teacher. There is huge demand for good teachers. She should analyse as to why she didn't score well in 10th. Possibility that she didn't like science and/or maths. It is ok, every student has their own strengths & weaknesses. Also she can decide upon being College teacher by clearing applicable exams after graduation or if interested she can start her own classes in future or join reputed coaching institutes.

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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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