ఇలాంటి Stock ని Longtermకి Hold చెయ్యాలి| Tejas Network@50% Discount Worth Buying Now? Textile Stock

0:10 Good morning Money Persons, welcome to Ask Money Persons. Our first question today is from Pratap Garu. Why is the Tejas Network stock underperforming for the last two quarters? I am holding the stock with a 28% loss. Should I hold it? Actually, not only Pratap Garu, but many of our viewers have also been asking questions related to Tejas. Because in terms of the company, the stock of the company's promoters is falling, and the promoters are very good. So, should this correction be taken as a buying opportunity, otherwise those who are holding should exit? There is such confusion, right? Let me give some clarity to this. Before that, I would like to play a clip for all our other viewers who are not Tejas, but all the other viewers who invest in equity . I watched a video of Jeffrey Gunlock this week. If anyone doesn't know who he is, he says Double N

0:56 Capital is a large fund house, a global fund house. Its founder and CEO is one of the well-reputed investors in the market. His fund house manages over Rs 800,000 crores . And an entry was telecast on Bloomberg. What the anchor asked was what issues are currently happening in the US, but he raised some concerns . So, there are issues like this related to the US market, so when asked where should we invest next, if not Europe, then Japan, I 'll play the clip of him saying, "Watch." In 30 years this will be a great success and that you should invest in India. Did you hear what he said? If you want to do yourself a favor for the next 30 years, invest in the Indian market and there will be corrections in the middle, but you can create

1:42 substantial wealth. But if he says that overall, it's a crux, we can understand why he is talking about this. If you look at the last six months, some issue may now be an Israel-Iran war, and before that, there may be many, many issues. If we see a slight increase in the market, some issues may arise, which is why we are seeing this sideways market. Normally, bull markets are fine, bear markets are also fine, but this sideways market, whatever it is, tests the patience of a new investor . So, for all such people, the thought process of internationally well-reputed investors is like this. Regarding the Indian market, he said that India will see the same growth as China. We talk about this many times, but actually when we hear from such people, it

2:29 adds to our confidence, and I tell you to write down whatever correction you have . Okay, this correction is for you. If you have the money, invest it, and if someone has already invested, hold it. And I am sure that you will thank me for that during your retirement, your children's education or marriage because I am 100% sure that whoever invests in our Indian markets in the next 10, 15, 20 years will create substantial wealth. Individual stocks are all a different ball game all together but overall, that is the crux of the game of investing in Indian markets. Whoever invests can create substantial wealth. So whenever such news comes, whenever there are corrections, if we have money, try to invest . Take it as an opportunity but don't be intimidated by it. And

3:17 coming to the Tejas related question, this week Tejas management conducted a small gathering analyst call and I attended. I did get some clarity . So I will share that with you. So, how is that going to be related in the short term? What is the situation in terms of the long term? If you get some clarity. And in fact, you might also have an idea of ​​how we should play in terms of stock . There is no doubt that it is a fantastic company in terms of the company, but the recent correction in the stock price creates a doubt among many investors. In terms of the company, is it worth holding or not? Now, as our Pratap asked, that confusion is created for many people. Basically, what Tejas has is last year's numbers, which are exception numbers because the BSL order they executed is a one-time event, but those numbers do not exist every year. So the market

4:04 also knows that, so after the BSL order was executed, we saw the stock fall. In the last two quarters, when you cover the results, the management commentary related to these was also shared. The stock price will fall due to the lack of clarity regarding the future orders. So the market knows that. If we compare those coming quarters with Tejas' last year numbers, you will not see growth. And whatever the P multiple is, someone will see the 27P multiple and Tejas stock is a Tata Group company. That is a futuristic company. They are entering the semiconductor business. If anyone is thinking that their business is cheap or reasonable, then why not take our investment decision based on P alone?

4:50 One of the classics. For example, if you are expecting Tejas' numbers in the coming quarters, their EPS is actually quite accurate. So, if EPS falls, then automatically what happens to our PE multiple? If the multiple increases for us, then it actually seems expensive to us . So, we should put aside the exception year last year and look at it in a Tejas-related way. So, if you are thinking in terms of one year, one and a half years, then you cannot expect anything miracle related to Tejas unless they receive some large orders. If you look at the orders they have in hand as of now, you will not see any big miracles in terms of financial numbers. So,

5:38 we cannot expect anything big in terms of stock price either . Okay, if we want to completely ignore this stock, it's not a company you can ignore because in the long term, they are doing something really good. Okay, the first thing is that they are entering the semiconductor business, and the news has already spread well, so we should also give some clarity related to it . They are entering this business through the number of labs and subsidized companies that they have to manufacture the silicon they are going to manufacture. They are not entering to sell that silicon like other companies. They are entering the manufacturing of that silicon because they are entering to create a differentiation in their products. The management gave clarity in that call. So that's a clarity which I want to give you . So don't expect that

6:23 you shouldn't be shocked at that time in their silicon business, because they are using their own capital for consumption, because the management is very clear that they are entering the silicon business to create their product differentiation . Which is also good in one way because their products are built on that model, right? And the second thing is that they are doing a cover-related news, that is, when we asked the management about what orders we can expect this year, the management said that the cover-related product is still in the testing stage. They have also given clarity as if they are not at the stage where they are receiving orders. So, you don't see anything related to that in the financial numbers. After the order is received and executed, it is

7:11 visible in the financial numbers. So, that too is not included in this financial. So this is a third party. Whatever BSL upgrade they have, whatever upgrade-related order they have, whatever the anticipation is that it will come, that tendering, all this, even if they win, it will be in the 100s of crores, but not in the hundreds of crores, the management has clearly said. So based on all this, we will get full clarity . If you have numbers for the coming year and a half, you won't see any growth if they are that big. But in the long term, it's definitely a fantastic stock, so I think that if this one and a half year or two years period gives you a chance for accumulation, that's a good opportunity . But let's see how the market will react when the numbers come out in the next coming quarters . Because not everyone

7:56 understands business deeply, when we suddenly see a drop in numbers after getting results, there are many people who panic and sell. So, if you panic and sell it, you might be able to get a more reasonable price. So in terms of the company, it's a fantastic company, in terms of management, it's high quality management, but this is what's exactly happening in Tejas, so I think that gives you full clarity on this . Next, our viewer asked an interesting company-related question . Actually, the answer to this question will give you clarity not only on the company itself, but also on the overall direction of the market over the next three years . Before answering that, a small reminder, guys, normally many people might be talking about all these things related to stocks on social media, in various languages, but if you actually

8:42 observe honestly, you will see very, very rare channels on any YouTube channel that attends such conference calls, works deeply and shares them freely, and our channel is one of them. So, one of the things we are trying to do is that normally people who come to us about basic stock momentum ideas do not understand how much effort is behind this. All we ask on this channel is that if there are any channel videos, please try to like them. If you like them, it will encourage us to make such an effort. And also, if you have any questions, write "Ask a Money Person" in the comment section below and write your question in detail. Your questions will reach us. And if you find the content shared in these videos helpful to your friends and family,

9:28 then don't forget to share them with them. Our next question is asked by Harshvardhan. Hi Saina, after watching your rating agencies video, I have invested in Care Rating and I am sitting with 90% profit. Thanks for that video. My question is, do I need to book profit to make it free of cost or do you still have potential in rating agency stocks, specifically Care Rating? Hi Andy, happy to hear you made money in Care Rating or Rating Agencies or Asset Management Companies. All these are asset light businesses for us, so we do not have any balance sheet risk. Debt- free companies generate fantastic return ratios and fantastic margins . This means that if we buy a bicycle while it is in bad condition, we will make a lot of money. So, we have that silent multi- backers and that rating agency related video. It was done in 2021. I

10:15 remember recording it when I was in the office before the office we operate now . It's not that the rating agencies at that time were related, meaning that they got some kind of return, but one of the lessons we learned is that whenever we have to pick a business, especially a high-quality business, when the market is picking them, we will earn multi-bagger returns. As far as rating agencies are concerned, there was not much growth back then because we did not have much CPEX. CPEX initial cycle was okay. Now, as far as growth is concerned, you asked, is there still return potential? I will show you two charts to answer that . If you look at the two charts, you will understand. If you look at the first chart, if you observe here, from 2001 to 2004, there was a CPE cycle, but

11:01 after that, we did not have such a large CPE cycle growth in India, that is, a stagnant CPE cycle took place but there was no growth. Okay, now look, if you look again at the last three years, we are seeing similar growth in CPX, similar to what we saw in CPX from 2001 to 2004 . Where does that actual growth come from? If we go into a little more detail, the government capex is consistent, while the state and central capex are consistent. There is no big difference, private capex has not come. That is where we actually have that pressure on the stocks of rating agencies, but otherwise, even in our banks and NBFCs, our lending book is growing at a terrible rate. And when our capex cycle

11:48 grows well, at that time, companies not only use their own capital, but they actually borrow money from banks as well. At that time, they also focus on the ratings of the rating agencies, whatever they are. Okay, they spend it related to it. So that means that business for rating agencies will also grow significantly. So again, if we look at private companies, for the first time in the last three years, we actually have more listed companies than central government companies . Okay, this is a really fantastic sign and this is not just about the rating agencies business, but also for everyone else. If this point is there, you will understand where our market is going in the next three to four years . Let me show you the first slide again. Look at the CPEX cycle that happened in India between 2001 and 2004. After that, we had a bull market from 2004 to 2007. It was a

12:36 massive bull market. We have not seen such a bull market again till now . We had a good bull run after S. Covid, but what we have seen between 2001 and 2007 is a different kind of bull market. So the basis for that bull market to come to us is the capex that took place between 2001 and 2004. Normally, first companies expand their capacities. After expanding, we get additional business growth, that is, an addition to the profitability in revenues. Now that the CPEC cycle is happening, businesses that show growth after this CPEC cycle are over will automatically grow. When revenues and profitability margins are growing, stock prices will also grow. That is where actually even multi-bagger

13:22 returns will be generated for us. In fact, many investors in the actual peak of the cycle run behind the equity markets. The last cycle also happened in 2006, and there were a lot of people who came and burned their hands at that time . But those who invested earlier will make a lot of money again. That care rating is not the same as overall equity markets. This is one of the leading indicators. This means that whatever private capex is happening, in the next coming days, normally any private company will put in its own money or they will borrow money. When will they put in money? They will put in money only when there is clear growth visibility. When it comes to government capex, the government cannot spend because we are collecting it in the form of taxes, so it is a responsibility of the government, but it is not a responsibility of a private company. They spend only when they think it will make a profit. So, whatever private capex is seen, whenever

14:09 we see growth in private capex, then we have a chance of seeing very good growth in the next markets . So this is a leading indicator so in the next three to four years or even four to five years you might see a very good bull run. Okay, if you look at it overall in terms of the market and coming to rating agencies, now these private companies have also started, so it is not Care Rating but ICRA or CRISIL or any rating agency. Normally, if they also have business, they would grow well during this time . Normally, they talk about growing the advisory business and other businesses, but their base business is the rating business. So when does the rating business actually grow? That is, when companies spend more and raise capital, there is good growth related to those rating agencies . So we can expect very good growth from here on as well and in fact

14:54 I believe rating agencies will tell us what kind of companies there are. Let's say if you look at ACDSL when it was around 200-300 at that time, the RBIs at the time of IPO are businesses with very high entry barriers and businesses with good balance sheets, businesses that generate good return ratios. In such businesses, if we buy at that price, we should never sell. Okay, we should create that or we should write that right and we should keep those stocks for the next generation so that we can create substantial returns. Actually, many people might ask you another question about the stock price. You've seen massive volatility in the middle, and they say the reason for that is because management made mistakes and

15:40 they learned from them. If we don't make such mistakes, we will see much better growth in the future. If that kind of quality delivery, that is, management, has improved and they have improved from their mistakes, then that care also has that potential. Our next question comes from the handle NRI Boston. I am 26 years old NRI from Boston I have education loan of 30 lakhs at 11.25% 25% interest rate for five more years after meeting all my expenses I am left with 1.3 3 lakhs per month in which I am paying 60,000 for my education loan em and I am paying sip of ₹35,000 in Axis Ultra Short Term Fund to support my sisters marriage which is expected to happen in next few years and I am

16:26 left with another 35,000 in ksh I am planning to retire at 45 to 50 years max currently I am not investing anything for My retirement plan I have two questions one is it a good scheme to invest for three years as I am saving for my sister's marriage can you suggest any other product ok let me answer the first question before going to the second question . If you are an NRA, what happens if you invest in your name is that whatever income we generate on the debt, it will be completely tax deductible. So I'll tell you a little hack for this. You are saving for your sister's marriage, so send it to your sister as a gift every month. And make that SIP in her name. Suppose she doesn't work, then there is no income in her name,

17:11 and she doesn't need to pay tax on any gains . And in fact, if your sister is working, or your mother is a housewife, you can invest in her name. You can use the entire amount for your sister's marriage without paying taxes on the gains you invest, so making this small change is a little better than investing in your name. And if you ask me, fund wise, it's always better to split into two funds than into one fund, so I'd say split the debt funds as well . Okay, not in the same asset management company. If another asset management company is putting this in the ultra short term, try putting the remaining 50% in the duration category . Coming to your second question, I am left with 35,000 should I pay it for my

17:56 education loan or should I start investing for my retirement planning if yes please suggest which fund to invest every time I make part payment I have to pay 1800 yes amortization charges and my education will take 11.25% 25% interest which is on a bit higher side so if I ask personally it is better to clear education loan than to invest so you have to pay charges every time so pool this 35,000 and clear your education loan once in a year or once in one and half year whatever period you feel comfortable with Try. So, assuming that education is clear, you will be able to invest the entire amount related to your retirement. If you invest a higher amount, you will be able to achieve your retirement goal even in that case . So, these are the two suggestions for your question.

18:42 Our next question, Shiva, is asking, is that when we sold one of our properties, we got 50 lakh rupees. I thought of investing in dividend-paying stocks like NMDC OJSC, Coal India ITC, etc., instead of making an FD in my parents' names. Is my idea correct? My parents are 55-57 years old. Your idea is good. But before that, I want to ask you two things. One, is this the money that came after paying all the taxes? If not, do you want to pay taxes? Related to that, it is better to park it separately. So, if you put the money that has to be paid taxes in equity, assume that it has fallen. You have to withdraw it in loss. So, consider the tax component as well and also the total white because normally when properties are sold, the

19:28 chances of getting the total white are also less. So, consider the total white and also the post-tax money. Coming to the next second question, you wrote down the names of those stocks, right? If they are good companies, no doubt, do you have a deep understanding of that business related to them? If you don't have a deep understanding, then stay away from direct stocks. Why is it important to take an exit call sometimes because the dynamics of the business change, businesses become redundant, meaning that other businesses replace that business. When all that happens, if you don't have the skills or time to track it, it becomes a risk to your capital. So instead, invest in mutual funds. Okay, invest in equity funds.

20:13 Investing in equity funds will also give you good returns . Many people think that there is a common myth that when I am personally walking around somewhere, someone suddenly meets me and says that they are investing in stocks, but I don't know about this stock. When someone asks me if I have invested somewhere, I say, "Why are you doing that?" Instead, I say, "What's wrong with investing in mutual funds?" I mean, " What's wrong with mutual funds?" I say, "If it's stocks, it's more wrong." That's a big myth. Okay, very few people actually calculate XIR. Suppose you calculate XIR for whatever your stock investment is after investing for five years. Very few people can beat mutual funds. Honestly, it's just that they have that skill set. Because we don't just invest, sizing is important and taking exit calls is important. All of these things are there. Not everyone can do them. It's not everyone's

21:01 skill set. So, there are investors who have a complete understanding of business-related. Go with mutual funds. And another point is that if both your parents are over 50 years old and you have other assets, such as FDs in their names, it doesn't matter. Otherwise, if we have any immediate health-related risks, it is very important to park all these separately . Whatever money you have, it's best to put it in debt funds or ETFs. Don't take that kind of money and invest it in stocks. Our next question is Jagadish asking what is your view on Pul Global International Limited. I am in view of averaging this stock. It is a fantastic company. And if you are averaging it, I thought you are already holding it. If you are holding it, you should have done some

21:50 work before buying any stock. Then your confidence will increase and when the stock corrects, your conviction will be added. But I am talking about the rest of the viewers. Overall, if we want to talk about the company, we have some companies in the textile sector that have very good management. I would look at Pearl Global as one such company. And another thing is that this company does not have single country risk. That is, their capacities are not in one country. They have them in India. Their capacities are in Bangladesh. In Vietnam. They have been building capacities in various countries, including Indonesia . And in fact, they are also doing capex recently, they are doing capex of 260 crores . Again, most of it is being advertised in Bangladesh. One thing that adds confidence is the fear in the market, which is that the uncertainty in Bangladesh will have an

22:36 impact on their business, and the market is afraid. Based on the management's view of what the capex is doing in Bangladesh, we get a clarity that they will have an impact on the business. Will they wait to put in additional capital? Even if it is not canceled at the earliest, they will wait. Moreover, the overall capex they did in FI 26 is being done mainly in Bangladesh. So, based on this, we get a clarity. From the management's view, it seems that they are not worried about the Bangladesh business related in any way. Second, the reason for the volatility in stocks is that Donald Trump imposed tariffs on Vietnam, which caused the stock to fall terribly. Again, if the deal with China is being worked out, that fear will return to the market and we will see that recovery in stocks again. But overall, the growth we anticipate related to the textile industry

23:26 could be a UKFTA trade deal or a US deal. All of these are related to us, so if this company, along with all the textile companies, also shows good growth, we can anticipate it. And they have not only the Indian textile boom-related growth, but also the capacities to do so globally, where we already have major textile-related hubs like Bangladesh and Vietnam. There are already good clients there and now, with the India-UK FTA trade deal, it would be helpful to utilize their client relationships in a way that is also related to the Indian market. Good company and in fact, if you want to check textile companies in other viewers, we don't have Pearl Global, but good textile companies, UKFTI trade deals, which are definitely very positive for us in the long term. Try to study SP ASP Apparel

24:13 . Gogadas Exports may become a global pearl. We have many good companies like Sanatana Textile, which was recently listed in the market. Try to study it once. You can definitely make decent money in a long term from this thing. [Music] When it comes to the suggestion for Sunday Fund, it is just a 90-minute movie on Prime but a good thriller. A movie called "Stolin" is being streamed. That's a good watch. Our next question is being asked by Raja Reddy. Hi Sena, this is an extension question to last week one regarding CFP. I am currently working in a non-finance

24:58 background. I am interested in pursuing CFP certification. How can I get a CFP certification? How can I transition into this field? I am a professional like CFA, ICWL, RMBA, Finance holders with 3 years of relevant experience can take the Challenge Status Pathway. I hold an LLB degree. What are the ways to gain relevant work experience and is it necessary to have this experience before taking the exam or can it be acquired later after passing the exam? Please throw some light on this if possible please make a full length video covering different professions and how they can achieve it it will be helpful for many people definitely I feel India needs lot of CFPs. So if anyone is interested, they can definitely pursue this career. And coming to your question, if there is a challenge pathway, then three years of relevant

25:44 experience is required, or five years of experience in another field is required. If I were asked personally, is it better to go in the single challenge pathway mode or the regular pathway mode? I mean, even if someone comes to me, I have always pushed them to write in the regular pathway because in this challenge pathway, you can easily pass with just one exam . But here, passing the subject exam is not a certificate. If we just have a certificate but don't have enough knowledge, then even scrapping that certificate won't work. So what we need is relevant knowledge, okay, certification is just an additional booster, except that we don't gain anything additional just because we have a certificate. It's all about knowledge. Now, when we write each exam, what happens is that we have to

26:31 pass each exam, so you put in a deeper effort on each subject related to it . So when you put in that much effort, you will actually have better knowledge overall when your CFP is complete. I have personally seen that many people who wrote in the regular pathway, that is, in everyone's case, there are exceptions, that is, there are exceptions even among those who wrote in the challenge pathway. But if you look at it in general terms, those who wrote in the regular pathway would have a slightly deeper understanding than those who wrote in the challenge status. So if someone asks me personally, I would tell you to write in regular format even if you have relevant experience and a post-graduation degree. And because I encourage this, many practicing advisors may criticize me for creating competition, but I personally believe that

27:18 India needs a lot of quality financial advisors. What we have now is 95% agencies, they sell the product, that's all. Selling the product is not the issue. What you are doing here is managing money for a person, which means it's a responsibility because their future depends on your guidance. It may not have an immediate impact on them, but in the next 10, 15, 20 years, their future, their children's future, their entire future will depend on it. It's a very big responsibility, okay? It's not something to think about in a business model. This advisory actually means it's a responsible business and it's a win- win business because here the client wins because wealth is created for them and the advisor also

28:03 wins. So, in India, there are a lot of requirements. I talked about the same thing in yesterday's video. If you keep talking about this, I told you that those who are advisors will curse it. But what they don't know, even though they swear by it, is whether all the advisors we have for the population in India, or even all those currently in the market, can provide services to everyone . Because if we look at the taxpayers, as of last February, there were 9 crore taxpayers. There must be more who actually earn. And this taxpayer count will grow very rapidly every year and will grow even more next year because the tax brackets have been changed, so those who cannot actually file taxes will also file taxes for us . If we look at how many people are earning income based on tax filings, it

28:51 is clear that those who earn income are able to invest. And also, since we have a large young population, the number of students converting into employees or business people is also good. The number is increasing every year, so it is relevant that you will not be added if you add advisors. Now, if anyone were to ask whether there is really a need for these advisors, they would say 100% yes. When your portfolio size is small, you take on a different kind of risk. As the portfolio size grows, we find ourselves lacking time and personal and professional life, so we look for a good quality advisor. Previously, the scenario was different, but now even the consumer has knowledge, so if those who enter the market can get such certifications, increase their knowledge, and provide good quality

29:37 advice, it's definitely a long-term win-win scenario. Our next question is asked by Dharani Kumar. I am a regular follower of Money Money channel. I took term insurance with your motivation. Thanks a lot for that help. Now my question is I need to pay 37,000 as an annual premium. I took term insurance at my 41 year of age. I need to pay this premium. Is there anyway? I can generate this premium amount by investing 2 to 3 locks now and I can wait for withdrawal for 3 to 4 years. I have below options: Jeevan Shanti Jeevan Akshay Mutual Funds SWB. Please be specific to the options that you are suggesting for this request. You should please pick my question and not 2 locks. If you can invest 3 locks, then

30:24 don't touch Jeevan Shanti and Jeevan Akshay because even if all of them give us returns, you will be out of money. You should pick these 3 locks and invest 1 lock each in aggressive hybrid funds. If you invest, you can wait for four years. After three to four years, if you withdraw 10% every year, you will get that premium amount . And in total, you will actually be able to cover the premium from that investment for those 30 years . It may not be possible if you withdraw immediately, but if you take a three-year gap, you will definitely be able to recover that premium from that 3-year investment and make your premiums zero. Our next question is that the viewer should not mention his name. This is a financial planning related question and it is very well written and will in fact be helpful to many people.

31:11 I will read his question in detail. I am a Central Government Employee with Monthly Income of 85,000 post deduction of tax and allowances. Currently I am 31 years old and I have 29 years of service. I am married and I don't have kids as of now and also my wife is not working currently we are receiving in Visakhapatnam. Our monthly expenses including rent and other things are 25000 per month and we don't have any EMS or liabilities. When it comes to NPS contribution, the monthly contribution is 20,000. Yes of Now NPS Values ​​₹3,42,000 and wrote about NPS portfolio. Currently, I am investing in SIPs worth Rs 18,700 per month and wrote about those funds. Also I have

32:00 written about Investing in Gold and Silver ETF Monthly Through SIP Mode Gold ETF and Silver ETF Details. And here, before reading the entire question, I thought I would make a small correction here. And not only you, but also many other viewers have shown interest in silver as the price of silver has increased significantly in recent times . They are doing it in SIP for the long term. No, silver is not a wealth-creating commodity like gold. Okay, silver is an industrial commodity. Volatility is very high. And even if we look at historical returns, we still don't create wealth with silver because it delivers gold to us. So, if you are personally investing in silver for the long term, please rethink a bit . Remember that gold is a different commodity but silver is not . The current value of my mutual fund is 164,000 and I am planning to step up 10% every year and I also have an individual stock portfolio of 124,000 and have ₹8,00,000 in

32:48 FD as an emergency fund and also I am maintaining ₹4,00,000 in chits in our village which I am paying ₹20,000 every month this will stop in next year. I have already taken a term life insurance of 1.5 5 crores sum assured and I have not taken health insurance because the department covers both me and my wife and my parents as well I share all my financial plan and knowledge gained through your videos to my wife thanks to you happy to hear that and now she is doing monthly SIP of 3000 and am planning to have one kid in near future for that kids education let's say 20 years from now I want to maximize around 1 crore according to education inflation at that time I also want to build a corpus of 5 crores by the end of my retirement at Age of 60 years to

33:33 live comfortably with my family. After around five to six years I want to purchase a car worth around 10 to 12 lakhs. Right now I have only a two wheeler. I want to buy a house worth 2 crores in my home town after 15 years. I don't have any other assets. I have few family assets but I am not considering it for collection. Overall I have long term planning around 20 years. Okay. He wrote some questions. The first question is about NPS vs. NPS. If you ask me personally, I would say NPS is better. And if you can increase your equity allocation, try to increase it as much as possible . You will get good returns . And I have 1/2 crore term insurance, should I take term insurance for my wife also, no need, but actually I do not

34:19 suggest it for a housewife, an earning member and also the family depends on her income, so it is necessary to take it, but for a housewife, it is not necessary to take it. Actually, when we want to take term insurance, on whom the family financially depends, if any risk happens to them, the family will get into financial trouble, so taking term insurance in their name is correct. Fundamentally, we should take term insurance later, but the agency says that they have to sell the policy, so whoever falls into it, they tell them to take it, but no, this is the fundamental cause, so keep that in mind and then take term insurance. The next question you are asking is related to the health insurance scheme . I have not taken health insurance and I am not sure what the limit is. If you feel that your requirement is higher than the coverage limit, then you

35:06 can take a top-up plan without taking a base policy. No, if you have enough coverage, you don't need it. And in most cases, those who are government employees, their organizations will cover them even post retirement. So that's the biggest benefit government employees will get. So in such cases, there is no need. That means if we are providing sufficient coverage without limits, there is no need to take it. Coming to the mutual fund portfolio, whatever it is, will it match my future goals? It will match. Mostly, you are maintaining an equity portfolio and have selected decent funds . And is it the right thing to continue investments in cities? I don't suggest any unregulated products. Because it's always a risk . So try to move towards regulated products . And coming to the goals you have written, that is,

35:54 your car-related goal, house- related goal, retirement goal, and kid's education-related goal, I will prepare a calculation in an Excel sheet related to that, and I will show that too. We will input all the data you provided here. And whatever your NPS is, every year your NPS contribution will also increase, let's say it increases by 4%. Then suppose you have a majority of the portfolio in equity. If the NPS contribution is 10%, then we can expect a return. If you expect a 10% return, you will actually need 5 crores for retirement, but it seems that you will be able to meet it through your NPS . But let's be a little conservative. Okay, let's say it generates an 8% return. In that case, if you have 4 crore 61 locks, the corpus will be generated

36:39 through NPS, but you are already investing in mutual funds, right? And whatever small contribution you have, it will expire after one year. If it is expired, suppose you have moved it into mutual funds. Here, I have put a top-up of 6%, you said SIP top- up of 10%, I will do 10%. If you do 10%, whatever your withdrawals are, they can be car-related withdrawals, and whatever two crores you have planned for the house, those two crores, and also whatever 1 crore you have planned for kid education, all of them are also matching. The only thing is that you have to top up regularly, no matter what top-up you have . If you can do that, you will comfortably achieve your financial goals . So here too, 2 crore 31 lakhs will be generated as an additional corpus . If it adds to your retirement goal,

37:25 everything looks good overall. The only thing I considered was that the risk here is that every year your NPS contribution increases and so does your mutual fund contribution. You have to do that without missing a beat, and only then will you comfortably achieve these goals . Our next question is from Aadya, please share your view on the water recycling team in the current market. Can we suggest any to our portfolio? Please. Because in the second half of last year itself, the government did not actually do what the plant caps were, so we saw that pressure in all the stocks, not just water-related recycling companies, but overall water-related companies . Managements who met at the recent conference are making positive comments. Because government- related orders are coming again and again, so definitely we can look at these

38:11 companies. In fact, these are not only short-cycle projects, but also long-term projects related to water, so the government has to spend. So the government is not spending one year or two years, it is running continuously. So, if we identify good companies with good management and stick to those companies, we can generate very good returns. That's it for today's Ask Money per Show. Guys, if any of you are thinking about generating a second income, in 2025 we will have many second income sources through AI, but if they are redundant, what are the business models that are still relevant and how much should we invest in them and if we invest, I am talking about both effort and time. I have released a video with such details on how much income we can generate if we invest. If anyone

38:56 missed it, be sure to watch it here in the end card. And if you liked today's video but didn't like it, like the video and don't forget to share it with your friends and family if you think the answers on today's Ask Money Per Show will be helpful . I, Sai Krishna Patri, come to you with another good video. And Bell Then Boy Take Care