Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Patrick

Patrick Dsouza  |643 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jul 10, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Asked by Anonymous - Jul 09, 2024Hindi
Listen
Career

Sir my brother is of age 42 yrs. He has just completed LLB in full time in 2023. Before he joined LLB in 2020, he was working as compliance executive in a private company as he has completed CS Inter. Now after LLB what are the opportunities and prospects he has in the job market?

Ans: He can try completing his CS and work in that domain. Or look for companies that specializes in corporate law.
Career

You may like to see similar questions and answers below

Latest Questions
Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jun 26, 2024Hindi
Listen
Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jun 28, 2024Hindi
Listen
Money
Hello. I have started investing. I have invested 80k through an agent lumpsum. But now I want to start an sip by myself as well as buy an sgb. I have decided Nippon small cap as a fund for 10k and I have decided another fund motilal oswal midcap fund for 10k. Every month if I have anything left extra maybe 2-3k i will invest in other funds like index funds. I chose only small and mid cap because I am just 24 years old and I don't really have many expenses, long term investment horizon and decided 20k after keeping aside 10k for myself. I am also going to buy an sgb on zerodha coin and leave it for 8 years. I am goin to get 2.4 lakhs from my chut fund. I am not sure how much to invest in sgb and what to do with remaining. I have 1.5 in my fd. I started sip in et money app. I set it up and it's goin to start from July 1st 2024. Please help me with if the funds I chose are good for me and how do I split the 2.5 l and also please suggest if zerodha for sgb and et money for sip are good. I also wanted one for swp but i don't know much about that and where to start that. Do you suggest and swp fund for me for nor or just stick to my plan? Please help me . Thank you so much.
Ans: Review of Current Investments

You have started with a lumpsum investment of Rs 80,000 through an agent. Additionally, you plan to invest Rs 20,000 per month in SIPs, focusing on small and mid-cap funds.

Your choice of small and mid-cap funds aligns well with your long-term horizon and risk appetite at 24 years old.

Investment Platforms: Evaluation

ET Money for SIP:

Pros:

Easy to use and set up SIPs.

Convenient for managing multiple investments.

Cons:

Lacks personalized advice from Certified Financial Planners.

Limited support for complex financial planning.

Zerodha for SGB:

Pros:

Simple and cost-effective for buying SGBs.

Good for long-term holding.

Cons:

May not provide personalized investment advice.

Limited customer support for investment queries.

Advantages of Investing through an MFD

Personalized Advice: Tailored to your financial goals and risk profile.

Regular Monitoring: Helps in adjusting investments based on market conditions.

Comprehensive Planning: MFDs offer a holistic approach, including tax planning and retirement planning.

Disadvantages of Digital Platforms

Lack of Personal Touch: Limited personalized advice and support.

Complex Needs: May not cater to complex financial planning needs.

Utilizing Your Chit Fund Proceeds

You will receive Rs 2.4 lakhs from your chit fund. Here’s how you can allocate it:

SGB Investment: Consider investing Rs 1 lakh in SGB for long-term stability and returns.

Diversified Mutual Funds: Invest Rs 1.4 lakhs in diversified mutual funds through an MFD to balance risk and growth.

Systematic Withdrawal Plan (SWP)

An SWP can provide regular income from your mutual fund investments. It is more suitable once you have built a substantial corpus. For now, focus on growing your investments.

Final Insights

Your investment choices reflect a good start. Consider engaging with an MFD for personalized advice and comprehensive planning.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jun 10, 2024Hindi
Listen
Money
Is it worth considering a real estate investment at Panvel, Navi Mumbai? Or is it better to invest that capital in other growth instruments like MFs? I already have 2 houses, with zero debt, and I'm considering investing in Navi Mumbai, as I'm hearing that it'll grow as a corridor. Please advise.
Ans: Real Estate in Panvel, Navi Mumbai
Panvel is indeed growing.

The area shows promise as a future corridor.

You already own two houses.

You have zero debt, which is commendable.

Considerations for Real Estate Investment
Real estate investments can be illiquid.

Selling property takes time and effort.

Property values can fluctuate and may not always guarantee high returns.

Benefits of Mutual Funds
Mutual funds offer higher liquidity.

You can redeem investments easily.

They provide potential for high returns.

Actively Managed Funds
Actively managed funds are preferred.

Fund managers work to maximize returns.

They can adapt to market changes effectively.

Diversification
Mutual funds allow for better diversification.

You can spread your risk across sectors.

This can lead to more stable returns.

Professional Management
Mutual funds are managed by experts.

Certified Financial Planners can guide you.

Regular reviews and adjustments are possible.

Final Insights
Investing in mutual funds is more flexible.

They offer better liquidity and potential returns.

Consider mutual funds over another property.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Listen
Money
If anyone want to investment planning. Please let me know like lumpsum benefits and guaranteed income I will tell you briefly
Ans: Lumpsum Investment: Benefits and Considerations

Benefits:

Potential for Higher Returns: Investing a large amount at once can yield significant returns.

Simple and Quick: One-time investment, no need for regular monitoring.

Ideal for Market Opportunities: Beneficial during market dips for higher gains.

Considerations:

Market Risk: Higher exposure to market volatility at one point.

Timing Risk: Difficult to time the market perfectly.

Liquidity: May face restrictions on withdrawing funds.

Guaranteed Income: Options and Benefits

Fixed Deposits:

Safety: Provides guaranteed returns.

Liquidity: Easy to withdraw with minimal penalties.

Predictable Income: Fixed interest rate ensures regular income.

Public Provident Fund (PPF):

Safe Investment: Government-backed, risk-free.

Tax Benefits: Interest earned is tax-free.

Long-Term Growth: Suitable for long-term financial goals.

Senior Citizens' Savings Scheme (SCSS):

High Safety: Government-backed, secure returns.

Regular Income: Quarterly interest payments.

Tax Benefits: Investment eligible for tax deduction.

Systematic Withdrawal Plan (SWP):

Flexibility: Regular income from mutual funds.

Tax Efficiency: Only the gains are taxed, not the principal.

Control: Decide the withdrawal amount and frequency.

Final Insights

Combining lumpsum investments with guaranteed income options can provide growth and stability. Regular reviews with a Certified Financial Planner can help align with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Listen
Money
Hi I am currently 30 years of age and I would like to ask about an investment where I'm going to make on a flat purchase of 46 Lacs with down payment of 16 Lacs along with a loan of 30 Lacs with a current salary of 50050 rupees per month... So I would like to know the loan tenure would be best suited for me to manage my savings for the future along with my daily expenditure?
Ans: Investment Strategy for Flat Purchase
Purchasing a flat can be a significant financial decision. As a Certified Financial Planner, I appreciate your initiative in seeking advice.

Assessing Your Financial Situation
You have a salary of Rs. 50,050 per month. Your down payment is Rs. 16 lakhs. You plan to take a loan of Rs. 30 lakhs. It's crucial to balance your loan repayment with your daily expenses and savings.

Evaluating Loan Tenure
For your situation, a longer loan tenure can lower your EMI. This means more manageable monthly payments. However, this will increase the total interest paid over the loan period. A shorter loan tenure will result in higher EMIs but lower total interest.

Balancing Savings and Expenses
With your monthly salary, aim to keep your EMIs around 30-40% of your income. This ensures you have enough for daily expenses and savings. For a loan of Rs. 30 lakhs, consider a tenure of 20 years. This will make your EMIs more affordable.

Planning for Future Savings
Allocate funds for emergency savings, retirement planning, and other goals. Ensure you have at least six months of expenses saved for emergencies. Regularly review and adjust your financial plan.

Final Insights
Balancing a home loan with savings and expenses requires careful planning. Choose a loan tenure that suits your monthly cash flow. Keep your long-term financial goals in mind.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 06, 2024Hindi
Listen
Money
Hi sir, I am aging 37 years. I have built house in my native and its present value is Rs 45 lakh. With housing loan of Rs 9 lakh and getting only 6k rent. As I am working in corporate company in Blore. And no plans to go back to my native for next 10 years. So plz guide me shall i sell this house and invest elsewhere. If yes. Plz guide me which is the best option for long term means for next 10 years investment. Thank u .
Ans: Current Situation Analysis

Your house in your native place is valued at Rs 45 lakh, with a housing loan of Rs 9 lakh. The rental income of Rs 6,000 per month may not be sufficient to justify holding the property if you are not planning to return in the next 10 years.

Evaluating the Options

Selling the House: Pros and Cons

Pros:

You can clear the housing loan of Rs 9 lakh.

You can invest the proceeds in higher-return assets.

Eliminates the hassle of managing a rental property.

Cons:

You may lose potential appreciation in property value.

Emotional attachment to the property.

Investment Options for Long Term

1. Mutual Funds:

Equity Mutual Funds: Suitable for long-term growth. Diversify across sectors and companies.

Hybrid Mutual Funds: Mix of equity and debt. Provides balanced growth with some stability.

2. Public Provident Fund (PPF):

Safe and tax-efficient.

Offers decent returns over the long term.

3. Systematic Investment Plans (SIPs):

Regular, disciplined investment in mutual funds.

Beneficial for averaging out market volatility.

4. Debt Mutual Funds:

For stability and regular income.

Less risky compared to equity mutual funds.

Final Insights

Selling the house and clearing the loan can free up capital for more productive investments. Diversifying into mutual funds, PPF, and SIPs can provide balanced growth and stability over the next 10 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4846 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 06, 2024Hindi
Listen
Money
I am earning 1.2 lakh per month. Age 29 unmarried, Money for marriage is adjusted.I have a house and planning to buy another one probably 1cr . An lic policy of yearly premium of 25k. My savings are 5 lakhs. As of now I can invest 40k per month. I want liquid corpus of 1cr by age 50 and children education planning.
Ans: Monthly Income and Savings
You earn Rs. 1.2 lakh per month.

You save Rs. 40,000 per month.

You have Rs. 5 lakhs in savings.

Your LIC policy has a yearly premium of Rs. 25,000.

Investment Goals
You want Rs. 1 crore by age 50.

You plan for your children's education.

You plan to buy a house worth Rs. 1 crore.

Investment Strategy
Invest in a mix of equity and debt funds.

Focus on actively managed funds for better returns.

Consider SIPs for regular investments.

Liquid Corpus Goal
Aim for a diversified portfolio.

Allocate funds to equity for growth.

Include debt funds for stability.

Children's Education Planning
Start early to benefit from compounding.

Invest in children's plans and education funds.

Review and adjust the portfolio regularly.

House Purchase Plan
Ensure your investments align with your house purchase goal.

Keep your house purchase timeline in mind.

Insurance and Savings
Review your LIC policy for adequacy.

Consider additional term insurance if needed.

Professional Guidance
A Certified Financial Planner can help optimize your plan.

Regularly review your portfolio with your planner.

Final Insights
Maintain a disciplined investment approach.

Regularly review and adjust your goals.

Seek professional advice when needed.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x