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Chocko Valliappa  |475 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on Mar 26, 2024

Chocko Valliappa is the founder and CEO of Vee Technologies, a global IT services company; HireMee, a talent assessment and talent management start-up; and vice chairman of The Sona Group of education institutions.
A fourth-generation entrepreneur, Valliappa is a member of Confederation of Indian Industry, Nasscom, Entrepreneurs Organization and Young Presidents’ Organization.
He was honoured by the YPO with their Global Social Impact award in 2018.
An alumnus of Christ College, Bangalore, Valliappa holds a degree in textile technology and management from the South India Textile Research Association. His advanced research in the Czech Republic led to the creation of innovative polyester spinning machinery.... more
Asked by Anonymous - Mar 26, 2024Hindi
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Career

My son completed his B.Tech in mechanical engineering in 2013. But due to his some then health problem, he couldn't bag up a job. Slowly he has lost his wish for job hunting. He is now 32 years old( DOB- 09/02/1992). I'm also a helpless father and have retired from railway service in December 2023. I will remain grateful if some suggestions be given regarding my son. Thank you.

Ans: You don't have to give up hope, Do inspire him that his setback due to health issues was temporary and he can do well and as a bright young man. Let him make a start with baby steps with your continuous encouragement. See if he needs counselling, coaching from a professional to get out of his shell and get his achievement orientation back quickly. India needs mechancial engineers in large numbers and he must contibute.
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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Dec 26, 2023

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Hi, my son complete B E Civil, try to get job , ehat he do
Ans: Dear Mohammed,
I can understand that you are looking for job opportunities for your son who has completed his B.E. in Civil Engineering. There are many career options available for civil engineering graduates. Some of the popular career options include:
Surveyor: Surveyors conduct land and site reviews to measure land features based on various reference points, such as depth and shape. They examine data from previous land records to verify the current on-site surveys and present their findings to the designated authorities. The national average salary for this position is ?14,828 per month.
CAD Technician: Computer-aided design (CAD) technicians develop electronic design plans for buildings and machinery using CAD software. They cooperate with building architects and professional designers to convert blueprints and technical drawings into 2D and 3D computer models. The national average salary for this position is ?15,910 per month.
Structural Engineer: Structural engineers design and build buildings, bridges, and other commercial and private structures. They also measure loads and presses to ensure that the buildings’ formation and structure are secure and choose durable materials. The national average salary for this position is ?21,641 per month.
Urban Planner: Urban planners coordinate with public officials, developers and community members to plan land development and usage activities and initiatives. The national average salary for this position is ?21,665 per month.
These are just a few examples of the many career paths available to civil engineering graduates. Your son can also consider working in the government sector, where there are many job opportunities for civil engineers. Some of the government organizations that offer jobs for civil engineers include Municipal Corporations, Jal Boards, Delhi Development Authority, New Delhi Municipal Corporation, Metro Rail, National Highway Authority of India, Indian Oil Corporation, Delhi State Industrial Development Corporation, Public Works Department, Central Public Works Department, Border Roads Organization, Military Engineering Services, Airport Authority of India, Indian Air Force, Railways, Irrigation & Flood control department, Public Health Engineering department, National Hydro-electric Power Corporation, National Thermal Power Corporation, Oil and Natural Gas Corporation Limited, Defense Research and Development Organization, RITES, DRDO, Pollution Control Boards, Building and Construction department of organizations and many more.

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Ramalingam

Ramalingam Kalirajan  |7752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 01, 2025

Asked by Anonymous - Feb 01, 2025Hindi
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I am a 48 year old widow. I have a 21 yr old daughter in college. I had quit my job, but rejoined now and have a monthly take home of 1L 15k. I receive similar pension amount too. But this pension amount will get reduced to 90k after 10 years. I have an own property (apartment bought in 2010) - 14 k rent monthly. I have around 40 L that I wish to invest. I am still coping with the loss and am confused as to what I need to do to get a grip on the finances. I have invested around 12 L in mutual funds. I have applied for a term insurance - around 1 L annual premium for 10 years. I am also repaying the home loan around 15k per month with tenure left for 20 months. I am planning to move out on my own from my sister's place where I am staying now (my own house is not in Bangalore where I work). So, I will definitely need 25k per month for rent if I move out. Please advise on how to manage my finances. Shall I repay the home loan and clear the debt (around 5 L principal outstanding)? Should I invest in some pension plans? Please advise. Thanks!
Ans: Your financial situation requires a structured approach to ensure long-term security. You have multiple income sources, a property, investments, and financial commitments. A clear plan will help manage expenses, investments, and future goals effectively.

Income Sources and Stability
Salary – Rs. 1.15 lakh per month

This is your primary source of income.
It provides stability and helps with regular expenses.
Pension – Rs. 1.15 lakh per month (reducing to Rs. 90,000 after 10 years)

This is a strong financial support.
Future reduction needs to be considered in planning.
Rental Income – Rs. 14,000 per month

This adds to cash flow.
It helps with loan repayment or investment.
Total Monthly Income – Rs. 2.44 lakh (reducing to Rs. 2.19 lakh in 10 years)

This is a good financial position.
A structured approach is required for long-term financial stability.
Home Loan Repayment
Current EMI – Rs. 15,000 per month

The principal outstanding is Rs. 5 lakh.
The loan will be cleared in 20 months.
Should You Prepay?

Yes, if there is no prepayment penalty.
Clearing the loan early gives peace of mind.
It saves on interest costs.
Impact on Finances

Prepaying Rs. 5 lakh reduces financial burden.
Monthly expenses will reduce after the loan is cleared.
Term Insurance Decision
Premium – Rs. 1 lakh per year for 10 years

Term insurance is necessary for your daughter’s security.
Ensure the sum assured is adequate.
Is It the Right Amount?

The premium seems high.
Reassess whether a lower premium plan can provide sufficient coverage.
Living Arrangement and Rent Planning
Current Situation – Staying with Sister

This reduces expenses.
It provides emotional support.
Moving Out – Additional Rs. 25,000 Rent per Month

This will increase monthly costs.
Ensure rental expenses fit within your budget.
Alternative Approach

Consider staying for a while longer to save more.
Delay moving out until your home loan is cleared.
Investment Strategy for Rs. 40 Lakh
Debt and Fixed Income Allocation – 30-40%

Provides stability and liquidity.
Ensures emergency fund availability.
Equity Mutual Funds – 50-60%

Helps with long-term wealth creation.
Beats inflation over time.
Actively managed funds perform better than index funds.
Systematic Investment Plan (SIP) for Growth

Investing monthly ensures rupee cost averaging.
Builds a strong financial corpus over time.
Emergency Fund

Keep at least 6-12 months’ expenses in liquid assets.
Ensures financial security in case of unexpected events.
Managing Future Financial Stability
Reducing Pension in 10 Years

Plan investments to compensate for lower pension.
Build a corpus that generates passive income.
Retirement Planning

Ensure investments support post-retirement needs.
Avoid pension plans, as they often provide lower returns.
Daughter’s Education and Future

Ensure sufficient funds for higher education.
Create a separate investment plan for this goal.
Finally
Your financial position is strong, but structured planning is key. Clearing the home loan, investing wisely, and managing expenses will ensure financial stability. With a balanced investment approach, you can secure a comfortable future.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 01, 2025

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Sir, I would like to invest 70 lacs in Mutual funds. Also I would like to go for SWP on this amount for Rs 50000 per month. Please suggest a plan for investment
Ans: Your plan to invest Rs. 70 lakh in mutual funds and withdraw Rs. 50,000 per month through SWP is a smart approach. It allows for both capital appreciation and regular income. A well-structured plan will ensure financial stability and long-term wealth preservation.

Key Considerations for Your Investment
Balancing Growth and Stability
Your investment should generate long-term growth while providing stable monthly withdrawals.

Tax-Efficient Withdrawals
A Systematic Withdrawal Plan (SWP) should minimise tax impact while ensuring liquidity.

Inflation Protection
The investment should outpace inflation to maintain your purchasing power over time.

Risk Management
A mix of asset classes will provide stability during market fluctuations.

Asset Allocation Strategy
A well-diversified portfolio will help balance risk and returns.

Equity Mutual Funds – 40-50% Allocation

Ensures long-term capital growth.
Helps beat inflation over time.
Actively managed funds perform better than index funds.
Hybrid Mutual Funds – 20-30% Allocation

Provides a mix of equity and debt for balanced growth.
Ensures stability during market downturns.
Debt Mutual Funds – 20-30% Allocation

Provides steady income and capital preservation.
Reduces portfolio volatility.
Systematic Withdrawal Plan (SWP) Strategy
Start Withdrawals After One Year

Ensures long-term capital appreciation.
Avoids short-term capital gains tax.
Withdraw from Debt or Hybrid Funds First

Ensures equity portion continues to grow.
Reduces volatility risk.
Rebalance Portfolio Annually

Adjust allocations based on market conditions.
Ensure sustainability of monthly withdrawals.
Risk Management Measures
Emergency Fund

Maintain 6-12 months of expenses in liquid assets.
Avoids distress selling during market downturns.
Health Insurance

Ensure adequate coverage for medical emergencies.
Protects investment corpus from unexpected expenses.
Periodic Review

Monitor performance regularly.
Adjust allocations as needed.
Finally
Your investment approach should focus on long-term growth and financial security. A structured SWP strategy will provide stability while allowing your corpus to grow. With the right asset allocation and periodic rebalancing, you can achieve a stress-free and financially secure future.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 01, 2025

Asked by Anonymous - Feb 01, 2025Hindi
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Money
I am 45 years old and plan to retire in the next five years. My financial portfolio includes shares and mutual funds worth ₹65 lakh, a provident fund of ₹30 lakh, a PPF of ₹15 lakh, and gold valued at approximately ₹30 lakh. I also own a house in a metro city and earn ₹18 lakh per annum from my salary, along with ₹70,000 per year in agricultural income. My monthly expenses are around ₹1 lakh. My wife is a homemaker, and we have a child with autism. Given these factors, is my current financial position sufficient for a secure retirement in five years, considering future expenses, inflation, and my family's long-term needs? If not, what steps should I take to strengthen my financial plan?
Ans: You are in a strong financial position. However, with a child who has autism, future expenses may be higher than usual. A structured approach will help ensure financial security for your family.

Current Financial Position
Investments in shares and mutual funds: Rs. 65 lakh
Provident Fund (PF): Rs. 30 lakh
Public Provident Fund (PPF): Rs. 15 lakh
Gold holdings: Rs. 30 lakh
House ownership: Fully owned in a metro city
Annual salary income: Rs. 18 lakh
Agricultural income: Rs. 70,000 per year
Monthly expenses: Rs. 1 lakh
Your total liquid assets (excluding real estate) amount to Rs. 1.4 crore. This corpus needs to sustain you and your family after retirement.

Key Challenges
High monthly expenses: At Rs. 1 lakh per month, you need a large retirement corpus.
Inflation impact: Expenses will increase over time, requiring a growing income stream.
Child’s long-term care: Special care and education may be lifelong commitments.
Single earning member: Your wife is a homemaker, meaning the entire financial burden is on you.
Retirement Corpus Requirement
Your current expenses are Rs. 12 lakh per year. Post-retirement, expenses will continue and grow due to inflation. Assuming an increase of 6% annually, you will need a significant corpus to sustain your family for 30+ years.

Steps to Strengthen Your Financial Plan
1. Increase Investments for the Next 5 Years
Your surplus savings should go into investments.
Invest an additional amount monthly to build a larger corpus.
A mix of safe and high-growth investments will be ideal.
2. Create a Separate Health and Emergency Fund
Medical costs rise with age.
Allocate Rs. 25-30 lakh for medical emergencies.
Ensure adequate health insurance coverage for yourself, your wife, and your child.
3. Ensure a Dedicated Fund for Your Child’s Future
Set aside a separate corpus for your child's lifelong care.
A mix of fixed-income instruments and mutual funds will work best.
Consider setting up a trust or legal arrangement for long-term financial security.
4. Reduce Gold Holdings and Shift to More Liquid Investments
Gold is not an income-generating asset.
Convert some gold into investments that generate steady returns.
Use this amount to strengthen your retirement corpus.
5. Plan for a Reliable Passive Income Post-Retirement
Your portfolio should generate at least Rs. 1.2-1.5 lakh per month post-retirement.
Fixed-income investments should cover a large portion of your monthly expenses.
Dividend-paying funds and debt instruments will help balance stability and growth.
6. Review and Adjust Your Portfolio Annually
Track expenses and portfolio performance.
Adjust asset allocation based on market conditions.
Reduce risk gradually as you approach retirement.
Finally
Your current financial position is strong, but you need additional investments to sustain your post-retirement life. The next five years are crucial. Focus on disciplined savings, strategic investments, and ensuring long-term care for your child. With the right approach, you can achieve a financially secure and stress-free retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

...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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