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In an interview to CNBC-TV18, Harshvardhan Roongta, Roongta Securities, answers investors' personal finance queries.

Below is the edited transcript of his interview with CNBC-TV18's Latha Venkatesh and Ekta Batra. Also watch the accompanying video. Q: Investor can invest Rs 2 lakh lump sum in any of mutual funds. His time horizon is 10 years. He needs to accumulate a corpus to a tune of about Rs 50 lakh for his children marriage, retirement and other purposes. How should I allocate the money? A: I do understand that he has an equity heavy portfolio because he seems to understand equity. Considering that he has a 10-year time horizon, I would suggest that he invests his Rs 2 lakh again into equity. However, I strongly recommend that he does not invest into equity as a lump sum. That means that I don’t want him to go with the entire Rs 2 lakh and invest into equities today. Instead I have a suggestion in the form of a systematic transfer plan, it’s an STP. By this what he could do is first go with the Rs 2 lakh to a mutual fund, invest the entire amount into the liquid fund, which is a 100% debt. So, there is no equity exposure whatsoever. From here he should transfer every month an amount of about Rs 9,000 into an equity scheme. In this manner the entire Rs 2 lakh will come into equities in a period of about two years. Now, we have a time horizon of 10 years in place. So, from the second year to the eight year, he can remain invested into equity. Eight year onwards he has to start withdrawing out of equity because his goal is just going to be one or two years away. So, he needs to start withdrawing from equity and come into debt. He has made certain investments into HDFC Mutual Fund. I see that he has an investment into HDFC Top 200. So, he could use this mechanism and invest into existing scheme of HDFC. Go into the cash management treasury advantage plan, the liquid fund and from there transfer into the Rs 9,000 into HDFC Top 200. So, I think that would work for him in present scenarios. Q: Investor can invest Rs 1 lakh as a lumpsum. I have insurance, premium is Rs 17,000 yearly and sum assured is Rs 1 crore. My current investments are in HDFC Equity Fund, HDFC Prudence, Fidelity Tax Gain, and Reliance Growth. That’s a total investment of Rs 3 lakh. My time horizon is six years and I want to convert it into Rs 2 lakh. How should I allocate the money? A: In this case, when he needs to make an investment for about six years and he knows that Rs 1 lakh has to grow to become Rs 2 lakh, we see that he will need to generate a CAGR of about 12.25%. If he does that, if any instrument that helps him generate that kind of returns, he will achieve his target of Rs 2 lakh. Fortunately, for him, we have few non convertible debentures (NCDs) of a couple of corporates’ listed on stock exchanges. To name a few, India Infoline, Manappuram Finance, Shriram Transport or Muthoot Finance. You have these companies which have NCDs listed and are actually today giving you this kind of returns. So, he could choose one of these or couple of these to split his investments into two or three parts and invest into these NCDs. These will give him an assured return, atleast a coupon assured assaying that he will reach is target of Rs 2 lakh. A caution point that I want to make is that he needs to very clearly understand there are certain risks involved in investing into these secured NCDs. So, he needs to understand them. He needs to go through the credit rating of these NCDs and then take a call. Also, for just a reference and knowledge perspective there are other NCDs of State Bank of India, L&T also listed. But since they enjoy better credit rating, the returns that they offer are between 9.5% and 10%. So, since he needs a little higher return, he could probably evaluate the risk involved and take a call accordingly.