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Chat Transcript

Harshvardhan Roongta

CFP , Roongta Securities

Financial Planning and Asset Allocation


Questions Answered


friend4sumit: hello sir, i got 4 lacs stocks portfolio, mostly in loss. how can i make 6 lacs of this in 1 year.

Harshvardhan Roongta: My apologies as i shall not be able to assist you with direct equity investments. Please repost your query before a stock market expert on another chat show. Refer to the chat schedule section.

guest: hello i am 27 years old. i am currently having 10 lakhs fd and i am paying 22000 for my lic policy of 5 lakhs from past 3 years. my monthly net salary is 42000 presently i am single how should i do my financial planning?

Harshvardhan Roongta: If you donot have any liabilities and responsibilities in the near term then your investments should be targeted at creating wealth ( beating inflation ) over the long term and for that equity is the best asset class. Savings based insurance policies are low on returns hence would not really enable you to create wealth. I donot know your savings and other financial details, hence am not able to suggest a specific plan. However, consider investing via SIP in an Equity Fund out of the income that you generate monthly. This would be a good starting point. Thereafter, you can look at deploying the money invested in Bank FD into another efficient product under guidance of a planner.

guest: am 21 yr old and have a small source income of Rs10000-15000/- per month from giving tuitions to students and want to invest in MF .Kindly suggest me the best option considering me a complete beginner.

Harshvardhan Roongta: Firstly, donot invest everything that you earn. Keep some money to spend on yourself as enjoying the money that you earn is also important. The amount that you wish to invest can be set aside into a Balanced Fund. To begin with invest 50% of what you can invest monthly into a Balanced Fund and the other 50% in a Bank RD. Open a RD account with your existing bank and w.r.t balanced fund you can invest into ICICI Pru Balanced Fund. After about 2 years you can consider a more detailed and specific financial plan.

guest: Dear Sir, I am struggling to setup my financial goals. My 35 years of age and along with my wife our monthly net income is Rs 170000. Our monthly expenses are 1. Home loan (Rs 25000 monthly installment for 20 years where my parents stay), 2. Rent: Rs 25000 per month (where my wife, my daughter and i stay), 3. Miscellaneous monthly expenses: 25000, Car Loan (Rs 18000 per month for 7 years). Our investments are: 1. My LIC policy 10 lac 5 lac , My wife\`s policy details: 15 lac, My wife\`s term insurance: 1cr, my term insurance: 75 lacs. Sukanya Samridhi for our 1.5 year old daughter (yearly deposit of around 50000), LIC policy for her: 5 lacs. My SIP of Rs 6000 per month. We would like to retire at the age of 55 years (after 20 years) and would like to have 1.5 CR in our account (after clearing all loans) to live a comfortable life. Please guide me if the investments I have done are enough as per my retirement plan.

Harshvardhan Roongta: At age 35 yrs, you are now at a crucial stage in life where you need to take necessary steps to secure all your future goals. While your portfolio seems to have a mix of different assets, there clearly is a need to sort out some aspects. Further, the retirement target of Rs. 1.5 Crs after 20 yrs may be insufficient considering inflation. Therefore, i suggest that you meet a planner in person and draw a detailed financial plan. As stated, there are many aspects in your current portfolio that need to be modified for which a in person discussion with a planner will be necessary.

guest: hi I want to invest 10000 per months which is best MF can give me good return in 20 years and what %.

Harshvardhan Roongta: For a 20 yr time horizon investing via SIP in equity funds would be ideal. We assume a CAGR of 14% in equities over long term periods. You can invest your rs. 10,000/- as follows: 1) IDFC Nifty Fund - Rs. 2,000/- 2) ICICI Value Discovery Fund - Rs. 4,000/- 3) Hdfc Mid Cap Opportunities Fund - Rs. 4,000/-. Review your portfolio once in 2 years.

guest: I am 39 now with 2 daughters.Guide me how much I shall accumulate for my retirement/marriages/education. elder daughter 9yrs and younger 1year old

Harshvardhan Roongta: Request you to post a more elaborate & specific query so that i can try and assist you.

shikharama: Hi sir, could you please assist with mutual fund investments?

Harshvardhan Roongta: Request you to post a more elaborate & specific query so that i can try and assist you.


Harshvardhan Roongta: There are several options that you can consider depending upon your understanding of financial products. The traditional method such as Bank FD is one that you can consider incase you donot wish to explore anything else. On the other hand you have debt/hybrid products offered by Mutual Funds which can be considered. However, please invest in these products only if you understand them OR are willing to educate yourself about the same. Whatever you do, please make sure that donot invest without understanding as you are dealing with a corpus on which your entire financial life now depends. Though i would strongly recommend that you upraise yourself with offerings by Mutual Funds, but incase you are uncomfortable then stick to Bank FD`s.

guest: i have sold a residential plot .size 234 sq m. date of purchase of plot-2011 cost-6 lac 90000 date of sale of plot-March 2017..cost -17 lac 35000 questions- 1.what is my capital gain in this? 2.do i need to invest the capital gain or the entire selling cost? 3.can i do a prepayment of a home loan from the sale proceed/capital gain?i have taken a home loan from SBI on 09 March 2016 for purchase of flat worth 50 lac rupees.Flat is under construction. only allotment letter given by builder in oct 2015 .Registration of flat on our name will be done during possesion in oct 2017 tentatively .can i deposit the capital gain/selling cost in my home loan as prepayment? 4. If home loan prepayment is possible then do i need to only invest the capital gains or the entire sale proceeds?

Harshvardhan Roongta: I suggest that you post your query on an "Income Tax" related chat show. Check the Scheduled chat section on moneycontrol.com
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