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Chandu

Chandu Nair  | Answer  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Nov 14, 2023

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Rizwan Question by Rizwan on Sep 07, 2023Hindi
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Career

My age is 56 years. I have served 25 years experience pharma sales & marketing in gulf countries worked and managed for reputed companies (MNC) of the under different profiles . Die to age , i am not getting a suitable job now for more than a year.due to pandamic i got stuck here in India. I tried my best to with a pharma retail and distribution business its all in no loss no profit. I want to start something to earn a decent income. Kindly suggest suitable business idea with least investment. Thank you

Ans: I have suggested approaches to take with respect to identifying and validating business ideas to previous Rediff users. Kindly go through the same. There are several opportunities but you need to focus on those which are
1) relevant to your experience, expertise,network, passion,
2) take into account finance available or that can be organised by you, plus
3) offer growing prospects.
Pharma and healthcare itself is such a growing industry India from manufacturing to diagnostics to sales and marketing to exports and more.
Career

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Harsh

Harsh Bharwani  |62 Answers  |Ask -

Entrepreneurship Expert - Answered on Aug 11, 2023

Career
Hi Harsh, how are you. I am working as a quality control manager in pharma industry with total experience of 14 year. After first lock down i were started my own business of agriculture inputs with my job and also working as a astrologer on Astrotalk but I am not happy with all of this. I love to travel and in all my job business I dont have time for me. Can you please suggest me some job or business in which I earned decent money (near about 50K) with lots of time to travel all around world right now I an earning near about 3lakh per month but I lost my time, relation, friends and every think which I earned before money. My age is 36 right now.
Ans: 4 types of trip jobs There are numerous different ways to travel while working. All of the trip jobs listed in this composition fall into one of the following orders Digital rambler jobs Jobs that pay to travel Expats working and traveling abroad Rambler jobs Some types of trip jobs bear a high position of moxie, and some are not as flexible as others. still, they all give you the means to cover some( or each) of your trip charges.

1. Digital rambler jobs Digital gadabouts are people who travel while working online. As a result, digital rambler jobs give an enormous quantum of inflexibility and independence when traveling. exemplifications of digital gadabouts include freelance inventors, graphic contrivers, and drop shippers. With this type of trip job, all you need is a dependable internet connection and a laptop. You can travel to the stylish digital vagabond metropolises and work from coffee shops, hospices, or co-working spaces. The jobs are frequently completely remote.

2. Jobs that pay to travel This type of job encompasses traditional trip jobs, generally in the hospitality and tourism diligence. exemplifications of jobs that pay to travel include voyage boat workers, flight attendants, and stint attendants. These jobs frequently mandate when and where you get to travel and frequently give free accommodation. So while there’s lower freedom than in digital rambler jobs, these jobs may be easier to get if you have previous experience working in hospitality.

3. Expats working and traveling abroad The term “ expat ” stands for “ émigré. ” It refers to people who are citizens of one country but decide to live and work in another country. exemplifications of expat trip jobs include English preceptors, au dyads, or government workers. Expats might live in other countries for just a many months or times at a time. So, if you’d prefer to work outside your home country and sink your teeth into a new culture or language, this may be the dream job for you.

4. Rambler jobs Let me give it to you straight Rambler jobs are presumably the least glamorous, taking you to work long hours for a minimum pay envelope. exemplifications include bartenders, hotel workers, and probing preceptors. Still, this type of trip job has a lot of benefits. These entry- position trip jobs don’t generally bear a computer or council degree. They also give plenitude of inflexibility so you can travel at your own pace. Plus, chancing original work while traveling is one of the stylish ways to meet intriguing people and experience different societies. 25 stylish trip jobs to make plutocrat while traveling the world Now that you understand the types of trip jobs available, let’s dive a bit deeper. Then are 25 of the stylish jobs for people who like to travel. Let’s launch with jobs that you can do with just a laptop and an internet connection.

5. Digital rambler jobs
1. Web design/ development A common job for digital gadabouts is web design and development. To start, learn how to produce a website. Or try searching for jobs on spots like GitHub Jobs and Up work.
2. Writing These days, it’s possible to make plutocrat writing about nearly anything. Look for jobs on spots like Freelance Writing, Blogging Pro, and Pro blogger. Freelance Writing Jobs
3. Graphic design Do you love graphic design? Why not turn your passion into a job that covers your trip costs? You can find graphic design traveling jobs on spots like Freelancer and Dribble. Dribble Graphic Design Jobs
4. Trip blogger numerous people make plutocrat with trip blogging. still, it can take time to make a sustainable income from this source. To find out further, check out How to Start a trip Blog.
5. Drop shipper might just be the stylish job to travel the world. It’s a hands-off approach to dealing physical products online. You manage your store and promote products to your target request. also, your supplier will transport the products to guests on your behalf. To get started and gain experience, read How to Start a Drop shipping Business.
6. Online tutoring/ instructor tutoring online is one of the stylish trip jobs, thanks to its low hedge to entry.However, you can be over and running in no time, If you’re a native English speaker and love to educate. To learn more, check out our full-length companion, Online Teaching Everything You Need to Know.
7. Online translator still, consider getting an online translator, If you’re fluent in further than one language. This job makes it easy to travel while working. Plus, there are plenitude of websites out there to help you find implicit guests, similar as Translators Base. Translators Base Job Boards
8. Digital marketer in numerous businesses need help with digital marketing. Like numerous of the stylish trip jobs, digital marketing is not commodity you can learn in a week or two. still, there are plenitude of free coffers online to help you come a digital marketer and make big bucks while traveling! Get started with this composition Digital Marketing Made Simple The Complete freshman’s companion.
9. Programmer If you know how to decode — or you would love to learn — you could travel the world while working as a computer programmer. There are plenitude of websites out there that educate programming, similar as Free Code Camp,Code.org, and Code Academy.
10. Virtual adjunct numerous businesses and individualizes hire people to help them with executive tasks, like scheduling and responding to client inquiries. These people are known as virtual sidekicks. To learn more, check out How to Come a Virtual Assistant.
11. client service agent Are you great with people? Do you have plenitude of tolerance and a genuine desire to help? Tons of businesses hire remote client service agents. To find client service jobs, check out remote job boards like Flex Jobs, Just Remote, and We Work Ever. We Work Ever Jobs that pay to travel Do you want to travel for a living? Then are some jobs with trip openings.
12. Yacht worker This trip job nearly sounds too good to be true. You can travel for a living on some rich person’s luxury yacht — you just have to earn your upkeep as a deckhand or slave! The yacht is like a free house because you do not pay rent. Look for yacht trip jobs on spots like Ya crew and Blue water.
13. Cruise boat worker still, consider working on a voyage boat, If you ’d rather sail on a bigger boat. This type of trip job provides plenitude of work openings. For illustration, you can work as a server, bartender, cleanser, lifeguard, or musician. Try searching for jobs on websites like All voyage Jobs, Indeed, and Cruise Job Finder. Jobs That Pay to Travel All Cruise Jobs
14. Flight attendant Working as a flight attendant provides plenitude of openings to travel different countries, with airline and hostel abatement to charge! still, the hours can be long, and spurt pause is a common circumstance. You can find flight attendant openings on Indeed and Airline Career.
15. shooter Photography could be your round the- world ticket. It’s not easy to turn this hobby horse into a career, but numerous people achieve it every time. Make sure to specialize in a niche geared for trips, similar as destination marriages or trip photography. To learn more, check out this companion on How to Start a Photography Business. Expat jobs still, consider living abroad long term with these trip jobs, If you want to immerse yourself in a different culture.
16. English schoolteacher To come an English schoolteacher, it’s likely you’ll need a TEFL( educate English as a foreign language) instrument. Find out further on TEFL’s website or look for jobs on Go Overseas. Jobs Related to trip TEFL.
17. Scuba diving educator Do you love scuba diving? If you get good, you could educate scuba diving each over the world, from India to Iceland. To learn more, check out the Professional Association of Diving preceptors or look for jobs on Dive zone and Go Abroad.

..Read more

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Radheshyam

Radheshyam Zanwar  |1051 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 18, 2024

Asked by Anonymous - Nov 18, 2024Hindi
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Ramalingam

Ramalingam Kalirajan  |7032 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 18, 2024

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Hello Sir, I have 40 Lakhs that I want to invest in lumpsum and then around 1 lakh SIP/month.I choose the below MF's to invest considering my risk appetite. [Moderate to high] HDFC Flexicap Direct plan Growth Nippon Multicap Fund Direct Growth Bandhan Small Cap Fund Direct Growth Edelweiss Midcap Direct Plan Growth SBI Contra Direct Plan Growth My Plan for Lumpsum: Invest 20 lakhs distributing it in above 5 funds (4 lakh each) Use another 20 Lakhs, put it in liquid fund and do STP to the above MF Hold for 10 years Plan for SIP of 1 Lakh: Hdfc Flexicap Direct plan Growth- 15K Nippon Multicap Fund Direct Growth- 15K Sbi Contra Direct Plan Growth -15K Quant Active Fund direct growth- 15K Bandhan Small Cap Fund Direct Growth- 20K Edelweiss Midcap Direct Plan Growth- 20K Question: Please help review the above plan for lumpsum and SIP and guide if there is any major flaw in it or need changes.
Ans: Your plan shows thoughtful diversification and allocation across categories. Let’s review the lumpsum, SIP, and fund selection strategies in detail.

Lumpsum Investment Plan
Diversification Across Categories: Your allocation of Rs 20 lakhs among large-cap, mid-cap, small-cap, and contra funds ensures good diversification.

Strategic Use of STP: Allocating Rs 20 lakhs into a liquid fund and initiating a systematic transfer plan (STP) is a prudent move. It reduces the risk of market volatility and ensures disciplined deployment of funds over time.

Room for Refinement: Ensure you align the STP duration with your risk appetite. A 6-12 month STP works for moderate-to-high risk investors. For a conservative approach, consider extending this to 18 months.

SIP Investment Plan
Balanced SIP Allocations: The monthly SIP of Rs 1 lakh is well-distributed across different fund categories. Allocating more to mid-cap and small-cap funds (20% each) aligns with your moderate-to-high risk profile.

Long-Term Focus: SIPs over 10 years will help you average market fluctuations. This approach aligns well with wealth-building goals.

Scope for Fine-Tuning: Consider reducing overlap in fund strategies. Some of your funds may invest in similar sectors or companies, leading to portfolio redundancy.

Evaluation of Fund Categories
1. Flexi Cap Funds
Flexi cap funds provide exposure to large, mid, and small-cap stocks.
They adjust dynamically based on market opportunities, balancing risk and returns.
2. Multicap Funds
Multicap funds must maintain a minimum of 25% allocation in large-cap, mid-cap, and small-cap stocks.
This ensures exposure to various market segments while limiting extreme risks.
3. Mid-Cap and Small-Cap Funds
These funds offer higher growth potential but come with greater volatility.
Ideal for long-term goals, but monitor performance every 1-2 years.
4. Contra Funds
Contra funds follow a contrarian investment strategy, focusing on undervalued stocks.
While offering unique opportunities, they require patience for results.
Key Areas for Improvement
Review Overlap in Portfolio:

Check the overlap between the flexi cap, multi-cap, and contra funds.
Too much overlap might dilute diversification benefits.
Add a Debt Component:

A small debt fund allocation, beyond the liquid fund, can help balance your portfolio.
This acts as a cushion during equity market corrections.
Active Fund Management:

Since you’ve chosen direct funds, ensure regular monitoring.
Investing through a Certified Financial Planner (CFP) ensures ongoing guidance and portfolio review.
Tax Implications
Lumpsum and STP Gains:

Any gains from the liquid fund during STP are subject to your income tax slab.
Ensure you plan for tax liabilities while making withdrawals.
Equity Mutual Funds:

LTCG above Rs 1.25 lakh is taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Tax Efficiency with SIPs:

Each SIP instalment has its own holding period. This means gains are taxed individually.
Risk Management
Volatility in Small- and Mid-Cap Funds:

While these categories offer higher returns, they also have greater volatility.
Avoid reallocating funds during market corrections to maximise compounding benefits.
Regular Reviews:

Perform yearly reviews of fund performance and category suitability.
Replace funds that consistently underperform benchmarks over 3-4 years.
Final Insights
Your investment plan is robust, aligning well with your risk appetite and long-term goals. The use of lumpsum and STP is commendable, and the SIP allocations show a focus on disciplined investing.

However, focus on reducing portfolio overlap and adding a debt component for better risk management. Monitor fund performance regularly, and consider engaging a CFP for periodic reviews to ensure your portfolio stays aligned with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |7032 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 18, 2024

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Me at Age 40 with my monthly income about 3 lacs and my wife about 80K with Sip of her about 30 k with liability of 10K every month and myself with personal loan of 55 lacs have liability of 83k with Sip of 10500 and ppf of 7 lacs till date and postal RD of 13k. How to plan early repayment of loan along with building retriement corpus of 5 Cr along with 2 childrens ,one in 7th grade and other in 2 nd grade.
Ans: Your combined household income is Rs. 3.8 lakh monthly, a commendable financial position. You also have consistent investments and moderate liabilities. The key objectives are:

Early repayment of loans (Personal loan of Rs. 55 lakh).
Building a retirement corpus of Rs. 5 crore.
Securing educational and financial needs for two children.
To achieve these goals, a disciplined and strategic financial plan is essential.

Assessing Current Cash Flow
Your income is Rs. 3.8 lakh monthly, and liabilities total Rs. 93,000 (including your SIPs and PPF).
Fixed commitments take approximately 24% of your income.
The remaining 76% (approx. Rs. 2.87 lakh) is your disposable income.
Key Action:

Allocate 50% of the disposable income for systematic repayment of loans.
Use the remaining for building a robust investment portfolio.
Loan Repayment Strategy
Reduce Personal Loan Burden
Prepay 10–20% of the loan principal annually if no penalty applies.
Channel surplus funds (Rs. 1.43 lakh monthly) into prepayments.
Renegotiate Loan Terms
Approach your lender for lower interest rates.
Consolidate high-interest loans, if feasible, to a lower-cost option.
Minimise EMI Load
Avoid taking on new debt.
Redirect bonuses, incentives, or windfall gains towards your loan principal.
By focusing on early repayment, you can save significant interest and free cash flow sooner.

Strengthening Investments
Balanced Asset Allocation
Your current investments in SIPs, PPF, and postal RD are well-diversified. To enhance growth:

Continue SIPs of Rs. 10,500 but aim to increase SIP amounts yearly.
Invest surplus funds in actively managed mutual funds (growth-oriented).
Maintain PPF as a low-risk debt investment option.
Align with Long-term Goals
For a Rs. 5 crore retirement corpus:

Increase monthly investments as loan liabilities reduce.
Focus on equity mutual funds for long-term wealth creation.
Planning for Children’s Education
Education expenses for two children will rise as they approach higher studies.

Key Recommendations:

Start earmarking separate investments for their education.
Use balanced or hybrid funds to align with education timelines.
Set aside 25–30% of your annual bonus for this purpose.
Emergency Fund Maintenance
Your emergency fund in RD and PPF is adequate for now.

Suggestions:

Maintain 6–12 months’ expenses as a liquid contingency fund.
Use FD or liquid funds to ensure accessibility and stability.
Tax-efficient Investment Planning
With new tax rules, focus on minimising tax liabilities on investments:

Equity mutual funds: Long-term capital gains (LTCG) above Rs. 1.25 lakh are taxed at 12.5%.
Diversify into hybrid and debt funds to balance risk and tax efficiency.
Leverage Section 80C for PPF and SIP investments.
Key Financial Habits to Adopt
Review your financial goals and plans annually.
Avoid over-diversification. Too many funds dilute returns.
Automate savings and investments to ensure discipline.
Final Insights
Balancing loan repayment, investments, and education savings is achievable with a structured plan. Focus on systematic investments while steadily reducing your debt. This will free cash flow for long-term goals like retirement and children's education.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |7032 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 18, 2024

Asked by Anonymous - Nov 17, 2024Hindi
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I am in Australia,I am a nominee for a Fixed deposit in state bank of India branch in Chennai. In my deceased grandmother account. The state bank authorities want me to come personally to claim the amount. are there any alternative
Ans: Claiming a fixed deposit as a nominee without visiting India is possible, but it requires specific documentation and procedures. Below are some alternatives you can consider to avoid traveling to Chennai:

1. Approach the Indian Consulate in Australia
Visit the nearest Indian consulate or embassy in Australia.
They can assist with notarizing the required documents, including your identity and nomination proof.
Some consulates offer services like affidavit attestation, which is often required by Indian banks.
2. Authorise a Representative in India
Execute a Power of Attorney (POA) in favour of a trusted person in India.
The POA should be notarized by the Indian consulate in Australia and sent to India.
Your representative can then handle the claim process with the bank on your behalf.
Ensure the POA explicitly states the authority to claim the fixed deposit.
3. Submit Documents by Post or Courier
Confirm with the bank if they allow document submission by post.

Required documents may include:

Claim application form provided by the bank.
Your identity proof (passport and visa copy).
Proof of nomination (usually the fixed deposit receipt mentioning your name as the nominee).
Death certificate of your grandmother (original or attested copy).
Address proof in Australia.
Documents must be notarized by the Indian consulate or an equivalent authority.

4. Online Request or Email Communication
Contact the SBI branch via email or phone to check if they can initiate an online claim process.
Some branches might permit submission of scanned documents initially, followed by couriering notarized copies.
5. Legal Heir Certificate or Succession Certificate (if required)
Although you are a nominee, some banks may require additional documentation, such as a legal heir certificate or succession certificate, especially for large amounts.
If needed, engage a lawyer in India to assist with obtaining these documents and submitting them to the bank.
6. Reach Out to SBI’s NRI Services
SBI offers NRI-specific services. Contact their NRI helpline or NRI customer service team to escalate your request.
Email: contactcentre at sbi.co.in
Toll-Free Numbers (NRI): Available on the SBI website (https://sbi.co.in).
Key Points to Note
Ensure all documents are attested by authorized entities like the Indian consulate.
Keep scanned copies of all communications and receipts for your records.
Stay in contact with the bank manager for regular updates and ensure compliance with their procedures.
If none of these alternatives work, you may need to visit India personally to complete the process.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Milind

Milind Vadjikar  |651 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

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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