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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on May 27, 2023

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
Saurabh Question by Saurabh on May 26, 2023Hindi
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Career

Hi. My daughter is in class 8th. She has dream to study in foreign top university( top10). She is interested in finance and also in maths. She is very much looking for doing efforts to get scholarship. I am a simple and small earning person. Pls help and guide so that she can get and acheive her dream

Ans: Hello Saurabh,

First and foremost, thank you for contacting us. It's encouraging to learn that your daughter has high ambitions. Indeed, pursuing a higher education at a prestigious overseas university is a difficult but worthwhile road. While the road ahead may not be simple, there are various steps you and your daughter may take to improve her prospects of admission to a prestigious university and receiving a scholarship. To assist her in realizing her dream, consider the following advice:

1. Academic Prowess: Encourage your daughter to put her education first and aim for academic achievement. Maintaining strong scores in finance and mathematics will improve her prospects of admission to a prestigious university.

2. Determine Target Universities: Conduct research to find the top colleges with robust finance and mathematics programs. Shortlist colleges that fit your daughter's goals and offer scholarships to international students.

3. Prepare for Standardized Tests: Standardized exams like the SAT or ACT are required by several universities. By offering her study materials, mock exams, and, if it's possible, enrolling her in test preparation classes, assist your daughter in preparing for these exams.

4. Extracurricular Interests: Encourage your daughter to join in extracurricular activities that align with her interests. She could sign up for groups or clubs that concentrate on finance or economics in the realm of finance. She exhibits her interest, leadership abilities, and devotion by participating in extracurricular activities.

5. Community service and volunteering: Encouraging your daughter to participate in volunteer work and community service projects will distinguish her from competitors while also demonstrating her dedication to having a good influence.

6. Essay/Personal Statement: Assist your daughter in writing a strong personal statement or essay for her college application that demonstrates her drive, enthusiasm, and future objectives. Underline her distinct experiences, the difficulties she has faced, and how studying abroad fits with her goals.

7. LoRs: Help your daughter establish solid connections with the community leaders, mentors, and instructors who can write recommendation letters for her. Her accomplishments, talents, and potential for success in higher education should be highlighted in these letters.

8. Research Scholarships: Look for financial or mathematical scholarships that are especially designed for overseas students. For exceptional students, several colleges provide options for financial aid and scholarships. To identify relevant possibilities, conduct online research, contact university financial aid offices, and search scholarship databases.

9. Plan your finances: As a low-income person/student, you must plan for the financial aspects of studying abroad. Investigate the associated expenditures, such as tuition, lodging, living costs, and travel. To help with the costs, look into financial aid programs, scholarships, and part-time employment choices.

10. Seek Direction and Assistance: Encourage your daughter to consult with her academic adviser, instructors, and school counselor, to get sage advice and support during the application process. They can help her comprehend the specifications, offer input on the submitted documents, and help her find appropriate scholarship opportunities.

The route to studying abroad and obtaining scholarships might be difficult, but with perseverance, diligence, and the right support, your daughter can fulfil her ambitions. Journeying forward, motivate her to persevere, stay committed, and accept possibilities for improvement. Best wishes on your daughter's academic career!

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You don't have to forsake your values based on others' opinions of it. If it makes you happy, you should stick to it. Having said that, you cannot force the same values on others. I understand you want a partner who has a similar mindset. The only way to get what you want is an open conversation- when you speak to a match, you can open up about your outlook and clear it from your end that you want the exact same values in your partner and politely request them to reject the alliance if she has any past relationships or has been intimate with anyone in any form. Let her know that you are not judging her, but this part is very important for you. Make it about yourself, because it is. Do not let the woman feel that there is some flaw in her, or start investigating her past.

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Hope this helps.

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Hello Sir, I am now 45+ now and investing through sip since last 5 yrs in 1) 3k in sbi small cap, 2) 4k in axis small cap, 3) 3k in nippon small cap, 4) 4k in mirea asset emerging bluechip, 5) 6k in hdfc mid cap, 6) 4k in kotak flexi cap, 7) 6k in parag parikh flexi cap, 8) 4k in icici pru value discovery. Risk high and tenure 15-20 yrs for asset allocation. Sir is it necessary to change any fund?
Ans: you have built a diverse SIP portfolio with various equity funds. Your disciplined investment over the last five years shows commitment to wealth building. With a high-risk tolerance and a long-term goal of 15-20 years, let’s take an in-depth look at your fund choices. I’ll provide insights to help you optimise this portfolio further.

Strengths of Your Current Portfolio
Good Diversification: Your portfolio includes funds from small-cap, mid-cap, flexi-cap, and value categories. This spread across segments is a strong approach to capture growth across the market.

Discipline in SIPs: Regular SIP contributions show a systematic approach that will help in rupee-cost averaging. It’s a proven method for long-term investors like you.

High-Risk Appetite: You are investing with a long horizon and high risk tolerance. This aligns well with your fund choices, especially in high-risk categories like small-cap and mid-cap.

Reviewing Small-Cap Fund Exposure
Current Allocation: Your portfolio allocates Rs 10,000 per month to small-cap funds. These funds often offer high growth potential but also come with significant volatility.

Growth Potential: Small-cap funds are beneficial in long-term portfolios due to their high potential for growth. Over 15-20 years, they can contribute significantly to wealth creation.

Suggested Changes: With three small-cap funds, there may be a lot of overlap. You might consider consolidating into one or two well-performing small-cap funds. This will simplify tracking and reduce redundancy.

Examining Mid-Cap and Flexi-Cap Fund Allocation
Mid-Cap Fund Benefits: Mid-cap funds bring a blend of growth and moderate stability. Your allocation here balances the aggressive small-cap investments.

Flexi-Cap Fund Role: Flexi-cap funds invest across large-, mid-, and small-cap stocks. This flexibility allows these funds to adjust according to market conditions, adding a layer of adaptability to your portfolio.

Suggested Changes: Your portfolio has multiple flexi-cap funds, which can lead to overlapping investments. It may be beneficial to reduce your holdings to one high-performing flexi-cap fund for better portfolio efficiency.

Value-Oriented Fund’s Contribution
Role in Stability: The value fund in your portfolio targets undervalued stocks, which tend to be more resilient in market downturns. This can provide balance and act as a buffer against volatility.

Long-Term Benefits: A value-oriented fund adds stability, which is essential as your portfolio matures. The approach of investing in undervalued companies often pays off well over time.

Suggested Changes: Keep this fund as it provides a different investment strategy, enhancing overall diversification.

Importance of Actively Managed Funds Over Index Funds
Higher Potential Returns: Actively managed funds can outperform index funds by selecting high-potential stocks and avoiding weaker sectors.

Limitations of Index Funds: Index funds track the market and have limited potential for excess returns. They cannot adjust to economic shifts like active funds can.

Benefit of Advisor Guidance: Regular funds managed with the help of a Certified Financial Planner (CFP) add value. A CFP can guide you on fund selection and rebalancing, which index funds do not offer.

Advantages of Investing Through a Certified Financial Planner
Personalized Advice: A CFP can help you fine-tune your portfolio to better match your goals, risk profile, and timeline. Direct funds lack this support, making regular funds a better choice for most investors.

Portfolio Monitoring: Regular funds with CFP assistance offer ongoing review and monitoring. This is important for a long-term investment strategy.

Support for Future Adjustments: Market conditions and personal goals evolve over time. Having a CFP ensures you have guidance to adjust your investments accordingly.

Tax Implications on Your Equity Mutual Funds
Equity Mutual Fund Taxation: Long-term capital gains (LTCG) above Rs 1.25 lakh are taxed at 12.5%. Short-term capital gains (STCG) are taxed at 20%.

Tax-Efficient Withdrawals: Consider planning your withdrawals in a tax-efficient way. For a long-term horizon, tax efficiency will contribute significantly to your net returns.

Impact of New Tax Rules: Understanding tax implications can help you plan more efficiently for your post-retirement withdrawals, minimising tax impact on your returns.

Recommendations for Portfolio Optimization
Reduce Fund Overlap: Your portfolio has multiple funds in similar categories. Streamlining these will make the portfolio easier to manage and reduce redundancies.

Consider Asset Rebalancing: Review your portfolio’s asset allocation every two to three years. As you near retirement, adding some low-risk debt or balanced funds could provide stability without sacrificing growth.

Explore the Benefits of Balanced Funds: Over time, a small allocation to balanced funds could help mitigate volatility as you approach retirement age. These funds offer a mix of debt and equity, which balances risk and growth.

Final Insights
Your disciplined approach to SIPs and fund selection shows a strong foundation for future growth. Simplifying your fund categories and reducing overlap can improve efficiency and returns. Working closely with a CFP will ensure that your portfolio remains aligned with your goals over time, providing you with the guidance needed for adjustments as markets evolve.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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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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