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Krishna

Krishna Kumar  |256 Answers  |Ask -

Workplace Expert - Answered on Apr 18, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
COL Question by COL on Nov 02, 2023Hindi
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Career

My daughter now pursuing BSc Final year Geography. Any connecting PG course for her in South India. She plans going for Civil Services ultimately

Ans: Hello

She can pursue MSc...Master of Science or even MBA Master of Business Administration.

All the best
Career

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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Sep 25, 2023

Asked by Anonymous - Sep 24, 2023Hindi
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Career
My daughter has completed BSc Agriculture from Kerala Agriculture University in 2022.She intends to pursue PG in Environmental science course abroad.Can suitable course and country/ University be suggested??Is she eligible for PG in environment related courses??Which will the most suitable option??
Ans: Hello,

First and foremost, thank you for getting in touch with us. It’s good that your daughter, after having completed her BSc in Agriculture, is now keen on pursuing PG in Environmental Science overseas. Take into account the following:

1. Eligibility Criteria:
• To qualify for a Master's in Environmental Science or an associated field, your daughter should possess a bachelor's degree in a pertinent field. Having already earned a BSc in Agriculture, she may be rquired to consult particular universities and programs for their precise admission prerequisites.

• Proof of English language competency via tests viz., the TOEFL/IELTS may also be required by a number of universities. She should adhere to the language prerequisites of the university and program of her choosing.

2. Selecting the Country and University:
Several factors viz., your daughter’s finances, career objectives, and personal choices play a key role in selecting the country and university. She could consider the following:
• The UK: Here, robust environmental science programs are offered. Imperial College London, Oxford, and Cambridge are prominent universities.

• Australia: The University of Melbourne, and Australian National University offer excellent programs.

• The USA: Outstanding programs in environmental science are offered by a number of universities in USA. Your daughter should consider universities like University of California, Berkeley, Stanford University, or Yale University.

• Germany: The country offers a number of environmental science English-taught programs. In comparison to a few other nations, education here is economical.

• Canada: The University of Toronto, and University of British Columbia have renowned environmental science programs.

3. Finding the Ideal Course and Specialty:
• Environmental Science is an extensive field of study offering numerous specializations viz., Conservation Biology, Environmental Management, Environmental Policy, etc. To select the correct specialization, your daughter should ascertain her specific interests within this field.

• To make sure they resonate with her interests and professional ambitions, investigate the course curriculum of the programs your daughter is interested in.

4. Financial Aid and Scholarships:
Scholarships offered by universities, government programs, and outside entities should be looked into by your daughter, as these can substantially alleviate the costs of studying abroad.

5. Application Process:
Help your daughter through the process of applying to universities, which generally includes submitting marksheets, a SOP, recommendation letters, and scores of standardized exams (if needed).

6. Visa and Immigration:
On receiving a Letter of Acceptance, your daughter will have to apply for a student visa. Every country has unique visa prerequisites, so make sure the precise guidelines for the country she opts for have been followed by her.

Lastly, your daughter’s preferences, career ambitions, and financial status shall determine the best possible option. She should conduct a thorough study on universities and courses, take into account her interests in the environmental science field, and apply to universities that match her goals. She could also get in touch with an education advisor to acquire useful guidance throughout the application process.

For more information, you can visit our website.
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Aashish

Aashish Sood  |100 Answers  |Ask -

CAT, Management Expert - Answered on Mar 08, 2024

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Moneywize

Moneywize   |101 Answers  |Ask -

Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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Money
My MF portfolio is worth Rs 2 crore as on March 31, 2024. I am 48 now. My plan is to get Rs 2 lakh per month by the time I retire in another 10-12 years. I am investing Rs 2 lakh per month. Is that enough for me to accumulate a corpus big enough to help me earn Rs 2 lakh per month?
Ans: Let's analyse your plan for a Rs 2 lakh monthly income after retirement:

Corpus Calculation:

To determine if your current strategy is sufficient, we need to calculate the total corpus you'll need. Here's a simplified approach (assuming a fixed monthly withdrawal):

• Expected Investment Period: 10 to 12 years (considering your retirement timeframe)
• Monthly Investment: Rs 2 lakh.
• Monthly Target Income: Rs 2 lakh.
• There are two unknowns: total investment period and corpus amount. We can't predict the exact number of years until retirement, so let's analyse both scenarios (10 and 12 years).

Scenario 1: 10 Years of Investment

For this scenario, we can use a financial calculator or spreadsheet to solve for the corpus needed. However, I can't directly provide financial product recommendations or perform calculations that require specific rates of return.

Scenario 2: 12 Years of Investment

Similar to scenario 1, you'll need to calculate the corpus considering a 12-year investment horizon.

Additional Considerations:

• Inflation: The purchasing power of your Rs 2 lakh monthly income will decrease over time due to inflation. You might need to increase your withdrawals gradually to maintain your standard of living.
• Investment Returns: The actual corpus will depend on the return you get on your investments. This can vary based on your chosen investment options.

Recommendations:

• Retirement Needs Assessment: Consider consulting a financial advisor to assess your retirement needs based on your lifestyle and future plans. They can help you with a more personalised calculation considering inflation and your risk tolerance.
• Investment Strategy: A financial advisor can also suggest an investment strategy to achieve your target corpus. This may involve a mix of equity and debt instruments to balance growth and stability.

Positive Aspects:

• You're taking a proactive approach to retirement planning by starting early and investing regularly.
• A Rs 2 crore corpus and a Rs 2 lakh monthly investment are good starting points.

Conclusion:

While it's difficult to say definitively without a detailed calculation, your plan has a good foundation for achieving your Rs 2 lakh monthly income target. Consulting a financial advisor can provide a more personalised assessment and help you fine-tune your strategy for a comfortable retirement.
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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Mar 18, 2024Hindi
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Money
Hello, Hope you're doing good! I am 32 yrs old and planning to invest till 60 yrs i.e till next 28 yrs. I am investing in below MFs and some other savings schemes, I need you suggestion on the same: MFs Investment: 1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF - 1,500/- PM 2. Tata Resource & Energy Fund - 2,000/- PM 3. ICICI Prudential Technology - 1,500/- 4. Nippon India Nifty Smallcap 250 Index Fund - 1,000/- PM 5. SBI Nifty Next 50 Index Fund - 1,000/- PM 6. ICICI Prudential Nasdaq 100 Index Fund - 1,000/- PM 7. ICICI Prudential Nifty Bank Index Fund - 2,000/- PM Apart from this I am also investing in NPS around 17,500/- PM and PF around 30,500 including both. Also investing 5,000/- in Max Life Online Savings Plan (10 yrs investing period and 15 Yrs total Policy period). My goal is to be accumulate wealth for my retirement. Thank you in advance for your help.
Ans: Your investment approach reflects a thoughtful strategy aimed at building long-term wealth for your retirement. Diversifying your portfolio across different asset classes, including equity mutual funds, index funds, and savings schemes like NPS and PF, is a wise move.

Maintaining a disciplined investment habit and staying committed to your financial goals over the next 28 years will be crucial. Regularly reviewing your portfolio's performance and adjusting it as needed to stay aligned with your objectives is essential.

Remember, the journey to retirement wealth accumulation is a marathon, not a sprint. Stay patient, stay focused, and trust in the power of compounding to grow your investments steadily over time.

By diligently contributing to your investment portfolio and making informed decisions, you're laying a solid foundation for a financially secure and fulfilling retirement. Keep up the good work, and your future self will thank you for it.
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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Feb 27, 2024Hindi
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Money
Hi i am 49 and currently have a total corpus of approx 2.5 crs ( 1cr in MF/50 lacs in stocks/ another 80-90 lacs in PF/ EPF/ NPS and some other instruments.i am planning to retire in 13 years i.e at 62 . i will be able to accumulate another 5 cr approx more till then and with the current portfolio and interests of those looking at 10 cr of corpus then . will it be sufficient for my 15- 17 years of life after that looking at 3-4 lakhs montly expenses then
Ans: With a planned retirement in 13 years and an estimated total corpus of around 7.5 crores, your goal of achieving a corpus of 10 crores by retirement seems achievable. However, it's essential to conduct a detailed analysis to ensure financial sustainability for the subsequent 15-17 years.

Consider the following factors:

Inflation: Account for inflation in your expense calculations to maintain the purchasing power of your corpus over time.
Investment Returns: Assess the expected returns from your current investments and future contributions to meet your target corpus.
Expenses: Review your anticipated expenses post-retirement, including healthcare, travel, and other lifestyle needs.
Contingency Planning: Build a buffer for unforeseen expenses or emergencies to safeguard your retirement corpus.
Regular Review: Periodically review your portfolio's performance and adjust your investment strategy if needed to stay on track towards your retirement goals.
Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial situation and retirement aspirations. With careful planning and prudent management, you can aim for financial security and peace of mind in your retirement years.
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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Feb 01, 2024Hindi
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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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