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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 09, 2022

Mutual Fund Expert... more

Question by Vinita on Dec 09, 2022Hindi

Money

I am 28 and can invest 40k in month. At present I am investing 10k in Quant Tax Plan. I plan to build a corpus in next 10 years for home buying and retirement.

Ans: Schemes that may be considered are as under

HDFC Index Fund – Sensex Plan – Growth

UTI Flexi cap Fund – Growth

Axis ESG Equity fund – Growth

Samco Flexi cap fund – Growth

Motilal Oswal Mid cap Fund - Growth

Nippon India Small Cap Fund – Growth

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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I am 56 year old & investing for 5 years. Target is 1 crore

Ans: Still insufficient information please. Request you to contact a financial advisor and discuss your query in detail.

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Asked by Anonymous - Dec 15, 2023Hindi

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I am 47 yrs old I want to invest 10k every month, pls suggest on the same

Ans: Consider a diversified approach with a mix of large-cap, mid-cap, and flexi-cap mutual funds to spread risk across different market segments. Ensure funds have a track record of consistent performance and align with your risk tolerance and investment horizon. Consulting a financial advisor can provide personalized recommendations based on your financial goals and risk profile.

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Question by amit - Oct 17, 2023Hindi

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I have to invest in mutul fund but I have no knoledge so can i start with MF app or I have to go with consultant

Ans: Starting to invest in mutual funds can seem daunting if you're new to it, but it's a great way to grow your wealth over time. You have a couple of options when it comes to investing in mutual funds: using a mutual fund app or consulting with a financial advisor or consultant (often called a Mutual Fund Distributor or MFD).

Here's a breakdown to help you decide:

1. Mutual Fund App:

Pros:
Convenience: You can invest anytime, anywhere using your smartphone or computer.
Low Costs: Many apps offer low or no transaction fees.
Educational Resources: Some apps provide educational content to help you learn about mutual funds and investing.
Cons:
Limited Guidance: You're responsible for selecting and managing your investments.
No Personalized Advice: You won't have access to personalized financial advice tailored to your specific situation.
2. Mutual Fund Distributor (MFD) or Financial Advisor:

Pros:
Personalized Advice: An MFD or financial advisor can help you choose mutual funds that align with your financial goals, risk tolerance, and investment horizon.
Professional Guidance: They can provide insights and recommendations based on market trends and economic conditions.
Ongoing Support: You can consult with them regularly to review your investments and make adjustments as needed.
Cons:
Cost: MFDs or financial advisors may charge a fee for their services. However, this fee can often be worth it for the personalized advice and support you receive.
Recommendation:

If you're new to mutual funds and investing, I would recommend starting with a Mutual Fund Distributor (MFD) or financial advisor. Opt for the regular option where the MFD earns a commission from the mutual fund company. This way, you can benefit from personalized advice and guidance without having to pay an upfront fee.

Here's why using an MFD is beneficial:

Guidance: An MFD can help you understand your investment options, choose the right mutual funds, and create a diversified portfolio.
Ongoing Support: You can consult with your MFD regularly to monitor your investments and make informed decisions.
Ease of Investing: With the help of an MFD, the investment process becomes more straightforward, especially if you're new to mutual funds.
Remember to do some research before choosing an MFD or financial advisor. Look for someone who is experienced, knowledgeable, and trustworthy. It's essential to find someone who understands your financial goals and can help you achieve them through strategic mutual fund investments.

In conclusion, while mutual fund apps offer convenience and low costs, starting with an MFD or financial advisor can provide you with valuable guidance and support as you begin your mutual fund investment journey.

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Question by Nilu - Oct 16, 2023Hindi

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Hi My self Nilima I have CAMs account instead of SIP if i will transfer differant amount for every month in any MF thorugh online transaction ,will i get the benefits as we avail in regular SIP

Ans: Hello Nilima,

Using a CAMS account to make one-time investments instead of a regular SIP does have its differences. Let's explore the nuances:

Cost Averaging: The primary benefit of SIPs is rupee-cost averaging, where you buy more units when prices are low and fewer when they're high. This averages out the cost of your investment over time.
Discipline: SIPs instill financial discipline as investments are automated. Transferring different amounts each month manually might not have the same level of discipline.
Compounding: Consistent investments, as in SIPs, allow for the power of compounding to work effectively over time.
Flexibility: While one-time investments offer flexibility in terms of the amount and timing, SIPs offer the benefit of automation, reducing the need for constant monitoring.
Tax Benefits: From a taxation perspective, both lump-sum and SIP investments in equity mutual funds held for more than a year qualify for Long Term Capital Gains (LTCG) tax, which is currently tax-free up to Rs 1 lakh per annum. However, SIPs provide a systematic approach to invest over time, which might be more tax-efficient.
In conclusion, while investing lump-sum amounts periodically can be effective, SIPs offer the benefits of cost averaging, discipline, and compounding. If you prefer the flexibility of varying your investments, consider a combination of both SIPs and one-time investments.

It's always advisable to consult with a Certified Financial Planner to tailor an investment strategy that aligns with your financial goals and risk tolerance.

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Question by Sachin - Sep 27, 2023Hindi

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I want to start the SIP with a monthly investment of 30 ~ 50K. Please advice

Ans: Starting a SIP with a monthly investment of 30,000 to 50,000 is a commendable decision towards your financial future. Here’s a general guideline to help you get started:

Assess Your Financial Goals: Before diving in, clarify your financial goals. Are you saving for retirement, a down payment on a home, or your child's education? Knowing your goals will guide your investment strategy.
Diversify Your Portfolio: Spread your investments across different asset classes like equity, debt, and gold to reduce risk. Equity funds can offer higher returns over the long term, while debt funds provide stability.
Choose Mutual Funds Wisely: Opt for mutual funds with a track record of consistent performance and low expense ratios. Research fund managers, fund size, and historical returns before investing.
Start with a Mix: If you’re unsure where to begin, consider starting with a balanced mutual fund or a mix of large-cap, mid-cap, and small-cap funds. This can provide a balanced approach to growth while managing risk.
Review and Adjust: Regularly review your portfolio to ensure it aligns with your financial goals and risk tolerance. Adjust your SIP amounts and fund selections as needed.
Consult a Certified Financial Planner: Consider consulting with a Certified Financial Planner to develop a personalized investment plan tailored to your needs and goals.
Remember, investing is a long-term commitment. Stay disciplined, avoid emotional decisions based on market fluctuations, and focus on your long-term goals.

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Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Asked by Anonymous - Oct 11, 2023Hindi

Money

i have a mutual fund port folio of appx 1 cr in large number of schemes invested over 30 years of my career. I am 60 now and retired. i wish to receive 1.5 lakh per month out of my investments. probably consolidate in few schemes, it is possible to achieve this figure? If not, I can add a few lakh from my share portfolio to achieve this return. Also let me know, MF which schemes i should consolidate my investment of 1 cr to get 1.5 lakh per month return?

Ans: Firstly, congratulations on building a substantial mutual fund portfolio over the span of your career. Your disciplined approach towards investing has certainly paid off.

Given your goal to generate 1.5 lakhs per month from your investments, it's essential to strike a balance between growth and income-oriented schemes. With a portfolio of 1 cr, achieving a monthly income of 1.5 lakhs might be challenging without dipping into the principal amount, especially considering the current market conditions and interest rates.

To achieve your desired income, you might need to consider a combination of mutual funds that focus on both growth and dividends. However, relying solely on dividends might not be sustainable, as it could impact the growth of your principal amount over time.

Considering consolidating your portfolio into fewer schemes could make it easier to manage and monitor. Look for well-established funds with a consistent track record of delivering returns and consider diversifying across asset classes to manage risks.

It might also be beneficial to consult with a Certified Financial Planner to develop a customized withdrawal strategy that aligns with your financial goals and risk tolerance.

Remember, investing is a journey, not a destination. Regular reviews and adjustments to your portfolio will be crucial as you transition into retirement.

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Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Question by RAHUL - Oct 24, 2023Hindi

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Hello sir, I m Rahul investing 12600 from last 6 year right now my age is 42 and my goal is 70-80 lac till I became 50 year, fund I am investing in canara robeco 6000, SBI Blue chip fund 2000, ICICI large and midcap 1500, bandhan large cap fund 1000, Aditya Birla Sun Life equity fund 2100

Ans: Hello Rahul,

It's great to hear that you've been investing consistently over the past 6 years. Your proactive approach towards financial planning is commendable.

Considering your age and the goal of achieving a corpus of 70-80 lakhs by the time you turn 50, it seems you're on a good path. However, it's essential to periodically review and adjust your investment strategy to align with your goals and risk tolerance.

Given the funds you're currently investing in, they seem to cover a range of market segments which is good for diversification. However, ensure that the portfolio is balanced and not overly concentrated in one sector or style.

Remember, the investment landscape can be dynamic. Therefore, it might be beneficial to consult with a Certified Financial Planner periodically to reassess your goals, risk profile, and portfolio performance.

Keep up the good work, Rahul, and stay invested!

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Asked by Anonymous - Apr 24, 2024Hindi

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I am 52 years old and want to retire now. I have about 5 crore in FD/EPF/PPF and 1 crore in stock/mf (70:30) i wouoe need 2 lac per month . Please advise where should i put money tp get 2 lac per month income

Ans: Congratulations on reaching the milestone of retirement! With your financial prudence and diligent savings, you've laid a solid foundation for this new chapter of life. Now, the focus shifts towards generating a steady income stream to sustain your lifestyle comfortably.

Given your retirement corpus of 6 crores, you're in a favorable position to achieve your income goal of 2 lakhs per month. To generate this income, a Certified Financial Planner would likely recommend a balanced approach that combines both growth and stability.

Here's a suggested strategy:

Investment Allocation: With a conservative approach in mind, consider allocating a portion of your corpus towards stable income-generating instruments such as Senior Citizen Savings Scheme (SCSS), Post Office Monthly Income Scheme (POMIS), or immediate annuity plans. These options provide regular income with relatively low risk.
Systematic Withdrawals: Utilize a systematic withdrawal plan from your FDs, EPF, and PPF to ensure a steady flow of income. You can set up monthly withdrawals that align with your income requirements while keeping the remaining corpus invested for growth.
Dividend-Paying Stocks and Mutual Funds: Allocate a portion of your equity portfolio towards dividend-paying stocks and mutual funds. This can provide a supplementary income stream while also offering the potential for capital appreciation over the long term.
Diversification: Maintain a diversified portfolio across asset classes to mitigate risk and capture opportunities for growth. Regularly review and rebalance your portfolio to ensure alignment with your income needs and risk tolerance.
Professional Advice: Consider consulting with a Certified Financial Planner who can assess your specific financial situation, goals, and risk appetite to tailor a comprehensive retirement income strategy that suits your needs.
By adopting a balanced approach and leveraging a combination of stable income sources and growth-oriented investments, you can potentially generate a sustainable income of 2 lakhs per month in retirement while safeguarding your financial security for the years ahead.

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Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Asked by Anonymous - Apr 24, 2024Hindi

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I'm 33 yo technologist, working at a reputed firm. I earn about 3L pm in hand. My wife, 33yo technologist, working at a reputed product company, gets about 2L in hand pm. We have loan of about 50L & we get about 50k pm in rent. Illiquid funds (SGB, silver bar, bonds) of about 30L & properties worth of about 1.5cr. PF & PPF of about 40L. Jobs are highly insecure - we might find another job soon, but we might not get this high salary. We both have dream of buying a site & constructing a home, which will easily cost 3-3.5cr in Bangalore. We should also think of retirement corpus, children education & factor in our old-age health expenses. We have a 6mo daughter, Also we want to have another kid. With this setup, is it wise to chase our dream? Or is it best to start investing/saving, as risk mitigation of our insecure jobs/early retirement.

Ans: Navigating the intricate tapestry of financial planning, especially with dreams as grand as yours, requires a blend of optimism, pragmatism, and foresight. Given your combined monthly income and assets, you're in a solid position, but the uncertainty of job stability adds a layer of complexity.

Let's begin with the dream of owning a home in Bangalore, a city where property prices can be quite steep. While the desire to build your dream home is admirable, it's crucial to strike a balance between your aspirations and financial security. With a loan of 50L and dreams of a 3-3.5cr home, taking on additional debt might strain your finances, especially if your incomes were to fluctuate.

Considering your illiquid assets, properties, PF, and PPF, you have a strong foundation. However, prioritizing risk mitigation and building a safety net is paramount, especially given the insecurity of your jobs. A Certified Financial Planner would likely advise you to create an emergency fund, diversify investments, and consider income protection plans to safeguard against unforeseen challenges.

Moreover, planning for your children's education, retirement, and old-age health expenses is essential. Starting early with systematic investments tailored to these goals can make a significant difference over time.

In essence, while the allure of building your dream home is compelling, it might be prudent to focus initially on strengthening your financial foundation and mitigating risks. With strategic planning and disciplined saving, you can work towards both securing your future and realizing your dreams, ensuring that each step you take is a step towards financial well-being and fulfillment.

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Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Question by Santosh - Apr 24, 2024Hindi

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I Am investing in sip Nippon Smallcap 5k, l nt large cap 5k, SBI blue chip 2k, SBI balance fund2k, HSBC MID CAP2.5K HDFC TOP 100 5K Any suggestions for change?

Ans: It sounds like you've crafted a well-rounded investment portfolio with a blend of different categories. Each fund you've chosen brings its unique essence to the table, much like a well-curated playlist with diverse tunes that cater to various moods and moments.

However, it's always beneficial to periodically reassess and fine-tune your investments to align with your financial goals and market conditions. A Certified Financial Planner often likens this process to tending a garden; while some plants thrive with minimal intervention, others may require more attention and adjustments.

Considering the dynamic nature of the market, you might want to evaluate the allocation across different sectors and asset classes. Perhaps you could explore diversifying further or rebalancing based on your risk appetite and long-term objectives. Remember, the beauty of investing lies not just in the destination but also in the journey of learning and adapting.

In the grand tapestry of financial planning, every thread holds significance. So, while your current choices seem well-thought-out, a periodic review with your Certified Financial Planner can offer valuable insights and ensure your portfolio continues to resonate with your financial symphony.

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Question by Shruti - Apr 18, 2024Hindi

Relationship

Hi sir I want your advice as I don't know what to do and how to handle I am in long distance relationship with a guy who is in navy since 3 years .He told to his parents about our relationship buy they rejected because off intercaste and all usko bhut kuch sunaya aur ba vo use bat bhi nhi kar rhe pichle 4 mahino se usko mumy use bat gak nhi kar rhi aur use ghar vale uske liye ladki bhi search karne lag gye taki shadi karva de khi aur Is bich vo mujhe ab distance bna rha dur ho rha mujhse dhere dhere mer khane par bat kar rha bs aur.bol rha ab Humara koi future nhi hai isliye acha hoga ab hum bag nhi kare but mai uske bina nhi rhe la rhi bhut buri halat ho rhi meri uske bina vo mer khane par bat kar rha kar vo bhut jyada preshna hai samj nhi aya rha kya karo kese thik karu sab Usne mujhe har jgh se block kar diya gha ek bar par mere manane par aya hai but ab na mere number save kar rha na Instagram par follow kar rha kuch nhi maine jab bola to bolta hai bat ho rhi na bs

Ans: Dear Shruti,

I am sorry that you are in this situation. First of all, please try to look at it from your partner's perspective. It isn't easy to confront your parents and it's even harder when they stop communicating altogether. Having said that, I also understand how it is for you. It is not fair, especially in today's day and age, to face discrimination based on caste.

You have two options:
One, you wait patiently, emotionally support your boyfriend, and hope that his parents come to their senses and realize that we are living in 2024, and caste-based discrimination is ridiculous. In this scenario, you do have to let go of your self-respect and have to face many more hardships, that much is guaranteed.

The second option is you hold your head high and move on. Yes, it isn't what you hoped for when you emotionally invested in building this relationship, but unfortunately, these things are still happening. In this scenario, you will be sad for a long time, but you don't have to compromise on your self-respect and you will move on and live to see happier days with someone who respects you and sees you for who you are and not your caste.

Now, the choice is yours.

Best Wishes!

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Question by C - Apr 22, 2024Hindi

Money

Sir I want invest 8k to 10 k every month for my 2 kids who are 4 years old for long term for 15 to 20 yrs please suggest good mutual funds I want to diversify in large,mid cap and small cap

Ans: Hello & thanks for writing to me. As your time horizon is long & the goal is to build a corpus for your children over 15 to 20 years, you have rightly chosen equity schemes.

You can consider starting SIP's of equal value amounts in:
1-Axis Flexicap Fund
2-Kotak Smallcap Fund
3-Canara Robeco Emerging Equity Fund
4-SBI Bluechip Fund
5-ABSL Multicap Fund

Stepping up your SIP's by 10% or more every year will help you build a larger corpus. It is essential to periodically rebalance your portfolio to ensure that you are on the right track.

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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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