{"id":317193,"date":"2023-10-09T05:26:03","date_gmt":"2023-10-09T05:26:03","guid":{"rendered":"https:\/\/popularindinews.com\/?p=317193"},"modified":"2023-10-09T05:26:03","modified_gmt":"2023-10-09T05:26:03","slug":"can-i-shift-from-govt-nps-to-individual-nps","status":"publish","type":"post","link":"https:\/\/popularindinews.com\/celebrity\/can-i-shift-from-govt-nps-to-individual-nps\/","title":{"rendered":"‘Can I shift from govt NPS to individual NPS?’"},"content":{"rendered":"

Do you have financial planning queries?
Please ask your questions here and rediffGURU Anil Rego, founder and CEO, Right Horizons (external link<\/em>), will answer them.<\/strong><\/p>\n

Apurv: I am a retired person and I have recently sold my equity stocks.
Now I want to invest the total amount (about Rs 50-60 lakh) in mutual funds.
Is it advisable to do so for a retired person?
Should my portfolio also include equity MF or balance advantage fund will be more advisable?
I want above than FD returns over a period of three years, say about 9-10 per cent.
Please advise me on a correct mix of MF with category & names of MF which will be safe & suitable for this. TIA.<\/strong><\/p>\n

As a retired individual looking to invest a substantial amount in mutual funds, it’s important to consider your risk tolerance, investment goals and time horizon.<\/p>\n

While mutual funds can offer potentially higher returns compared to fixed deposits, they also carry a certain level of risk based on the category of funds you choose.<\/p>\n

We suggest a combination of equity, hybrid and debt funds based on your risk appetite.<\/p>\n

For a 9-10 per cent pre-tax return, you can have about 25-30 per cent in equity, 30-35 per cent in hybrid funds and 35-45 per cent in debt.<\/p>\n

Within the hybrid category, you can use dynamic asset allocation funds significantly.<\/p>\n

Within equity, you can use a combination of large cap, flexicap and midcap funds.<\/p>\n

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Pratap: I have invested in various mutual funds since 2019.
Now I have got decent profit (XIRR 17 per cent).
Latest value is around Rs 50 lakh.
These are old investments and SIPs have been stopped.
Market is at all-time high, is it right time to redeem my investment or wait?<\/strong><\/p>\n

If you do not need the money, you can keep it for the long term.<\/p>\n

While there may be intermediate corrections, in the long term the equity markets will continue to do well if the economy does well.<\/p>\n

You can use an advisor to help you through the journey.<\/p>\n

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Subodh: How much money should I save monthly to live happily after 75 yrs? Presently I am 55.<\/strong><\/p>\n

This will completely differ from person to person.<\/p>\n

One way of doing it is to look at your current monthly expenses and index that for inflation.<\/p>\n

You can arrive at the capital required by computing the present value of the future cash flows (monthly income needed).<\/p>\n

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Anonymous: Which is the best systematic investment plan for the long term?<\/strong><\/p>\n

It is very difficult to generalise without understanding your risk profile.<\/p>\n

You can use a combination of large, mid and small cap funds — large cap funds like Nippon India Largecap\/HDFC Top 100, midcap funds like HDFC Midcap and SBI Magnum Midcap and small cap funds like Sundaram Small Cap.<\/p>\n

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R: I need to know about the shifting of government NPS to individual NPS.
In my case, I joined a state government organisation in 2013 on an ad hoc basis and the organisation opened an NPS account for me and received a PRAN.
After that, we (employee and employer) continuously made monthly contributions to my NPS account.
In March 2022, my ad hoc tenure is completed and I left the organisation.
Now I am at a different organisation where the NPS scheme is not active. Therefore, request you to kindly suggest some solution to me.
Also request to suggest whether I can keep continuing my NPS account, if yes, kindly suggest the way for that. What to do for that?
In this regard a tried a lot to know about it but still did not get any response.
I shall be grateful to you if you could kindly provide a solution to my problem.<\/strong><\/p>\n

You can continue the PRAN under the All Citizen of India sector.<\/p>\n

You need to submit the Inter Sector Shifting (ISS-1) form to the POP-SP of your choice.<\/p>\n

Subsequently, if you change your job and join an organisation registered under NPS, you can continue the PRAN by submitting the CS-S3 form by the corporate which you join.<\/p>\n