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Sushil

Sushil Sukhwani  |567 Answers  |Ask -

Study Abroad Expert - Answered on Apr 06, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Suresh Question by Suresh on Aug 09, 2023Hindi
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My son is completing MBBS from AFMC Pune, He wants to pursue PG from USA , which universities are good for him?

Ans: Hello Suresh,

First and foremost, thank you for getting in touch with us. I am glad to hear that your son is pursuing his MBBS from AFMC Pune and further wishes to pursue his post-graduation from the USA. I would like to let you know that it is important for your son to select an appropriate university to pursue his postgraduate medical education in the USA and a number of variables viz., his academic success, area of expertise, budget, as well as his personal choices play a key role in this decision. As an answer to your query, I would like to tell you that there are several well-known medical universities in the USA that are regarded for the postgraduate programs they offer viz., Stanford University - Stanford University School of Medicine, Columbia University - Vagelos College of Physicians and Surgeons, University of Washington - UW School of Medicine, University of Pennsylvania - Perelman School of Medicine, Harvard University - Harvard Medical School, Yale University - Yale School of Medicine, University of California, San Francisco (UCSF) - UCSF School of Medicine, Duke University - Duke University School of Medicine, Johns Hopkins University - Johns Hopkins School of Medicine, and Mayo Clinic Alix School of Medicine.

Your son can apply to any of these universities that are prominent for the top-notch instruction, hands-on training, and research possibilities they offer to students. However, I would recommend that your son conducts a detailed study on the programs that each university offers, the experience of the faculty members, and a number of other aspects in order to ascertain which universities best resonate with his choices and objectives. Not just that, he should also take into account the prerequisites for application, which comprise of standardized tests viz., the United States Medical Licensing Examination (USMLE), personal statements, and endorsement letters. Remember that these differ between universities.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |567 Answers  |Ask -

Study Abroad Expert - Answered on Apr 16, 2024

Asked by Anonymous - Apr 16, 2024Hindi
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My son doing bachelor of Phesiothrepy he wants his post graduation in USA and somr other countries please advise him for some good universities how to get admission and what is the process iam not as good as in financial
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am glad to hear that your son is pursuing his Bachelor of Physiotherapy after which he intends pursuing his postgraduate (PG) studies in the USA. I would like to let you know that although pursuing higher studies overseas can be a fantastic opportunity, taking monetary considerations into account is crucial. As an answer to your question, mentioned below are some suggestions to locate economical options as well as the admissions procedure:

As the first step, your son should look into universities that provide affordable programs, or else, examine programs that offer monetary assistance or scholarships to overseas students. In comparison to others, a few universities might charge cheaper tuition fees. I would suggest that your son searches for public universities or ones that offer robust initiatives for financial assistance. Next, your son should make sure that the universities he is thinking about enrolling in are accredited by recognized accreditation agencies. This guarantees that educational criteria are fulfilled. If needed, your son should prepare beforehand for standardized tests viz., the GRE and TOEFL/IELTS. He can study with the help of various resources available online and in libraries. Remember that the application procedure and prerequisites differ between universities. Ensure that your son adheres to the guidelines set by each university and submits necessary documents viz., his academic marksheets, scores of standardized tests viz., the GRE, scores of English competency tests viz., the IELTS or TOEFL, personal statement, endorsement letters, as well as a CV or résumé. As part of financial planning, I would recommend that your son sets a realistic budget for pursuing higher studies abroad. He should consider the costs of living, tuition costs, medical insurance, as well as other additional expenditures. He should also look into the part-time employment opportunities for international students, and make sure that the work doesn’t hamper his studies. There are a number of scholarships available for international students that your son should look into. Scholarships based on merit or monetary support packages are offered by a number of universities. In addition, your son can explore external scholarship programs provided by governmental bodies, commercial businesses, or foundations. Besides conventional postgraduate programs, your son could look into other options viz., online programs, which may be comparatively cheaper and offer more flexibility. In order to acquire direction and assistance during the application procedure, your son can get in touch with the international student offices at the universities he’s considering. Not just that, he should speak with academic advisors or organizations with experience helping students study overseas.

Remember that there are several renowned universities in the USA and some other nations that are regarded for the robust Physiotherapy programs they offer. In the USA, your son can apply to universities viz., University of Southern California, Emory University, University of Iowa, University of Pittsburgh, and University of Delaware. In Australia, University of Sydney, University of Queensland, and University of Melbourne are well-known for their postgraduate programs in Physiotherapy. Universities viz., King's College London, Queen Margaret University, Edinburgh, University of Southampton, University of Nottingham, University of Birmingham, University of Manchester, and University of East Anglia in the UK are known for their postgraduate studies in Physiotherapy. Your son can consider applying to any of these universities. Your son can also apply to any of these Canadian universities viz., University of British Columbia, University of Alberta, McGill University, University of Toronto, and McMaster University that are well-regarded for their Physiotherapy postgraduate programs. These universities are well-known for their top-notch instruction, hands-on learning, and research possibilities in Physiotherapy. In order to ascertain which program best resonates with his interests, monetary situation, and professional objectives, I would recommend that your son conducts more research on each program. Besides, when selecting, he should also take into account variables viz., the location, amenities, experience of the faculty members, and alumni network.

For more information, you can visit our website.

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Ramalingam

Ramalingam Kalirajan  |7550 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 19, 2025

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Hello Sir. I have Rs1,00,000 that I want to invest as a lump sum in SBI Mutual Funds for the long term (15+ years). Considering that SBI has one of the largest Asset Management Companies (AMCs), could you please recommend which SBI Mutual Funds would be suitable for such an investment and have the potential to deliver good returns over this period? I am doing this investment for my daughter's education.
Ans: Your decision to invest Rs 1,00,000 for your daughter's education is commendable. A long-term horizon of 15+ years offers significant growth potential through mutual funds. Below are insights and recommendations to guide your investment.

Why SBI Mutual Funds?

SBI is one of India’s largest and most trusted AMCs.

They offer a wide range of funds suitable for different goals and risk levels.

Their consistent performance track record reflects sound fund management.

Key Factors to Consider for Long-Term Investments

Investment Objective:

Education is a critical financial goal.

Focus on wealth accumulation through equity-oriented funds.

Risk Appetite:

Equity funds involve volatility but offer high growth.

Ensure alignment with your risk tolerance.

Fund Type Selection:

Choose funds based on asset allocation and diversification.

Evaluate the performance of large-cap, mid-cap, and hybrid funds.

Tax Implications:

LTCG over Rs 1.25 lakh is taxed at 12.5%.

Understand taxation for equity and debt funds.

Suggested Fund Categories for Your Investment

1. Large-Cap Funds

Invest in funds focusing on well-established companies.

They offer stability and moderate risk.

Suitable for conservative investors.

2. Mid-Cap Funds

These funds focus on medium-sized companies with high growth potential.

They are riskier than large-cap funds but offer higher returns.

Suitable for investors willing to take calculated risks.

3. Flexi-Cap Funds

Invest across large, mid, and small-cap companies.

They offer diversification and the flexibility to adapt to market conditions.

Ideal for investors seeking balanced growth.

4. Equity-Linked Savings Schemes (ELSS)

ELSS funds offer tax benefits under Section 80C.

They have a lock-in period of three years.

Suitable for investors aiming for tax-efficient long-term growth.

5. Hybrid Funds

Invest in a mix of equity and debt instruments.

They offer stability through debt and growth through equity.

Suitable for moderate-risk investors.

Benefits of Investing Through a Certified Financial Planner (CFP)

CFPs offer expert guidance tailored to your goals.

They help monitor fund performance regularly.

They ensure optimal fund selection and rebalancing.

Regular plans through CFPs provide dedicated service and support.

Why Choose Actively Managed Funds?

Active funds aim to outperform benchmarks through expert fund management.

They offer higher potential returns compared to index funds.

Fund managers actively adjust portfolios based on market trends.

Ideal for long-term investors seeking growth.

Key Steps to Start Your Investment

Define your financial goal clearly.

Consult with a CFP for fund selection.

Review the chosen fund’s historical performance and portfolio composition.

Use SIPs for additional investments to benefit from rupee cost averaging.

Monitor your portfolio periodically to ensure alignment with your goals.

Final Insights

Investing in SBI Mutual Funds is a smart choice for your daughter’s education. Selecting the right fund category ensures growth and stability over 15+ years. Partnering with a Certified Financial Planner ensures professional guidance and optimal returns. Stay committed to your goal, review your investments regularly, and focus on long-term growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7550 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 19, 2025

Asked by Anonymous - Jan 19, 2025Hindi
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Money
I am an NRI with an NRO trading account through Zerodha, but I cannot trade in F&O and Intraday. I have been filing my returns consistently though I have had no income in India in the last 10 years. But I have investments in MF, PPF, NPS, Medical and Life Insurances, ULIPs which were initiated while working in India and had tax saving options and it is being continued. I would like to trade in F&O and Intraday. My wife is not employed till date and has a regular savings account with the Bank which is Resident Indian normal account. She has never filed any IT returns since as there was no income and transactions from my side were only for family maintenance. My question is, can I open a regular trading account in her name so that we can do trading in F&O and Intraday? What are the necessary things which I need to follow for filing IT returns and how my investments can be helpful to file returns through her account. She doesn't have any investments except LIC & Health Insurance policies in her name for which I pay from myside.
Ans: Yes, you can open a trading account in your wife's name to trade in F&O and intraday; however, there are a few important considerations:

Steps to Open a Trading Account:
Convert Savings Account to a Trading-Compatible Account: Ensure her existing bank account supports trading transactions. If not, convert it to a trading-compatible savings account.
KYC Compliance: Complete her KYC process with updated details, including PAN, Aadhaar, and a valid address proof.
Link Demat and Trading Account: Open a Demat and trading account in her name with a broker that supports F&O and intraday trading for resident individuals.
Nominate a Separate Source of Funds: Ensure the funds transferred to her account are not directly linked to your NRI account to avoid legal and taxation issues.
Tax Implications:
Income from Trading: Any income generated from trading in her account will be considered her income. Since she has no other sources of income, her income from trading may be taxed as per the slab rate applicable to her.
Gift Declarations: Funds transferred to her account can be considered a gift. Gifts from a spouse are exempt from tax, but the income generated (through trading) will be clubbed with your income under Section 64 of the Income Tax Act.
Filing IT Returns:
She will need to file her own ITR if her total income (including trading profits) exceeds the taxable limit (Rs. 2.5 lakhs for individuals below 60).
Any clubbed income will still require an ITR to declare the source and details.
Investments for IT Filing:
Investments in her name (e.g., LIC and health insurance) can help:

Claim deductions under Section 80C for LIC premiums.
Claim deductions under Section 80D for health insurance premiums.
Alternative Suggestions:
Joint Investments: Instead of opening an account in her name, consider using investments in her name (LIC, insurance, etc.) to improve her financial standing without additional compliance.
Professional Advice: Engage a CA familiar with NRI taxation and clubbing provisions to ensure full compliance and proper structuring.
If you'd like detailed help with tax planning, compliance, or investment strategies, let me know!

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

...Read more

Kanchan

Kanchan Rai  |496 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 19, 2025

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Relationship
hi sir im in a relationship with a guy who i met in hyd we have been together since one year he is a hindu nd im a christian we both love eachother and wanna marry but my parents r against it bcoz he comes from a hindu family and they r forcing me to get married to a christian guy i love him i never got love from my parents when he is giving me the love i want my parents have seperated me from him im not able to understand what to do plz help
Ans: Dear Niveditha,
It’s important to start by having an open and honest conversation with your parents. Try to understand their concerns and share your feelings with them. Express how much this relationship means to you, focusing on the love, respect, and support you and your partner share, rather than just the religious differences.

If this approach doesn’t work, consider involving a trusted family member, friend, or community leader who might help mediate the situation. Sometimes, having an external perspective can help bridge the gap between differing viewpoints. You should also reflect on the long-term implications of your decision. Think about whether you’re ready to face the potential challenges of a mixed-religion marriage, including societal pressures and family dynamics. Having in-depth discussions with your partner about these issues is crucial to ensure you’re both on the same page.

If your parents remain opposed, you may need to consider seeking counseling or therapy. A counselor can help you process your emotions and provide strategies for dealing with family conflicts. They can also offer guidance on how to communicate more effectively with your parents. Building a support system outside of your family, whether through friends, mentors, or support groups, can also be invaluable during this time. It’s important to have people who understand and support your decisions.

Ultimately, the decision about whether to continue with your relationship despite your parents' opposition is yours. You’ll need to weigh the emotional and practical consequences, including the possibility of estrangement or ongoing family conflict. It’s vital to prioritize your happiness and well-being. If you believe that your relationship brings you genuine love and fulfillment, standing by your choice is valid. However, be prepared for the challenges that may come and have a plan in place to manage them. This is a deeply personal decision, and whatever path you choose should align with what feels right for you and your future.

...Read more

Kanchan

Kanchan Rai  |496 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 19, 2025

Asked by Anonymous - Jan 19, 2025Hindi
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Relationship
URGENT Hello kanchan ma'am Please help. I am a divorced working woman , with a daughter 8 yrs. I have been pursued for remarriage with a guy who is 10 yrs older to me and have 2 kids. 11 and 14 yrs respectively living in a small town. Initially it was agreed the elder child who is a boy would be living in hostel , but now since we are approaching near to the marriage, it seems the elder male child is going to stay at home and not hostel. This is making me really uncomfortable as I won't get much privacy also the male child is aggressive.Already handling one kid was difficult before. Also moving to small town was difficult transition from a metropolitan that I stay in. Moving there could mean losing job opportunities in future. I am really worried if I let this match go, I end up alone again. I am not able to make a decision, it's difficult to raise others children. It's just not naturally inbuilt in us.Although I try really hard to mould my thinking and be more generous, but somehow it suffocates me.
Ans: start by having a direct and open conversation with your prospective partner. It’s crucial to clearly communicate your feelings about the elder child staying at home, especially regarding the need for privacy and the impact of his aggressive behavior. Explain how this change affects your comfort and daily life, emphasizing the importance of maintaining a harmonious living environment.

In tackling the privacy issue, consider discussing potential adjustments to the home’s layout. Creating separate living spaces or setting up rules that establish personal boundaries can help ensure everyone feels comfortable. Developing a routine that allows for private time with your daughter will also be essential in maintaining a balance.

Regarding the transition to a small town, research the local job market thoroughly. Look for opportunities that align with your career goals and consider remote work options if they’re available. It’s also important to engage with the local community to build a support network. Attend community events, meet potential neighbors, and get a feel for the town’s environment. Having a backup plan, such as maintaining connections in your current city or setting aside a financial cushion, will give you added security should the move not work out as expected.

Blending families is a significant emotional and practical challenge, so consider family counseling as a way to address potential conflicts and improve communication. A counselor can provide valuable strategies to help everyone adjust to the new living arrangements and understand each other’s perspectives. To ease into this change, propose a trial period where you can test the dynamics without committing long-term right away. This will give you the opportunity to evaluate how well you and your daughter adapt to the new situation.

Lastly, it’s essential to address your fear of being alone. Reframe this fear by focusing on the positives of independence. Remind yourself that it’s better to be single and emotionally secure than in a relationship that feels overwhelming or stifling. Use this time to invest in personal growth, hobbies, and building a fulfilling life for you and your daughter. Keeping an open mind about future relationships is healthy, but it’s important to ensure any new partnership aligns with your values and meets your emotional needs.

By taking these steps, you can approach the situation with clarity, ensuring that any decision you make is grounded in what’s best for your well-being and that of your daughter.

...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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