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Archana

Archana Deshpande  |93 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on Mar 21, 2024

Archana Deshpande, the founder of TransformMe Life Skills Coaching, is an image consultant, soft skills trainer and life coach.
She has been working with individuals and corporate organisations for more than 10 years during which she has helped professionals and students improve their soft skills, build confidence and enhance self-esteem.
An engineer from the PDA College of Engineering, Gulbarga, Archana had a successful career at Reliance Communications. But she has always been interested in teaching and training people. So she pursued a postgraduate diploma in teacher’s training at Pune’s Symbiosis Institute of Management Studies followed by teaching assignments in schools at Visakhapatnam and Mumbai.
Archana also holds an international certificate in image consulting and soft skills training from the Image Consulting Business Institute, Mumbai.... more
Ashish Question by Ashish on Dec 20, 2023Hindi
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Career

Good Day Madam, I have 2 son, aged 11 and 7. The elder one is very intelligent, performs really good in school, high appreciated in school. But 1. he is slow, he eats, performs tasks - bathing, brushing etc all very very slowly, and his diet is less than my younger one. 2. His physical growth too is not very good, and is one of the shortest, thinnest in class. We do worry about him a lot. But then he stood 1st in racing in class ! 3. Also if we give/ teacher gives him a task he does it perfectly, but he cannot think /innovate, for which we feel is he been spoon feeded? 4. We both also feel sometimes that he is very capable and we are not able to give him direction/guidance/environment to excel.

Ans: Ashishji can you pls reframe the question? The concerns are about which child, the elder one or the younger one? Pls come back again...But for now, I can say when we have two children we are always comparing... if they are of the same sex then the comparison goes up, manifold. Can we treat each child as an individual? Treat each child separately, address each child's concerns, his strengths and weaknesses separately. You have listed so many positives in your children. Give a lot of positive strokes to each child. It is important that you spend time individually with each child. You want them to grow up as happy, healthy children and supportive brothers then STOP COMAPARING the children !! For your elder one, time to focus on so many strengths he already has, nurture his talents, give him an atmosphere where he can flourish and hire experts to hone his skills. I know this feeling, when we have very intelligent children, we always think we are incapable as parents. As a parent you are the best well wisher for the child, this is the only relation in this universe where someone ( your child) is more important than yourself, trust yourself as a parent, YOU WANT ONLY THE BEST FOR YOUR CHILD!! Cherish each child, they are gifts from GOD! Happy parenting...
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Dr Aarti

Dr Aarti Bakshi  | Answer  |Ask -

Child and Parenting Counsellor - Answered on Apr 23, 2023

Asked by Anonymous - Apr 21, 2023Hindi
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Hi Madam, I am a 46 yrs old male doing business, my wife is a housewife and 37 yrs old and we have a baby boy of 8 yrs old studying in class III in a reputed ICSE board school. My issue is with my child. Issue no. 1. Most of the time, he does not listen to both of us, whether we are telling him in soft voice or in angry voice. It is applicable not only in studies but also in other activities also. Issue no. 2. He is telling unnecessary lie. It is related to studying, playing and also day to day activities. Issue no. 3. This is most vital, he is studying in one of the best school in our city. But he is not at all interested in writing, we every time need to push him a lot for writing in the time of studies. His teachers often complain that even in exam time he is seating idle and they used to push him to write. But as he is now in class III, it is not possible for the teachers to push him to write in the exams. We are very much scared about this issue. Pls help.
Ans: Dear Parents, here are a few suggestions:
1.Find out the root cause- is it too much technology and that’s why the child cannot concentrate; or learning gaps and your child is unable to understand his studies. Or is he getting tired of writing? Or a focus concern?
2. Peer check: find out what he enjoys with his friends, and work in short periods to revise his studies, write in bullet points and then play. Come back, blurt his study understanding and do a little more studies.
3. Fear builds escaping attitude: once cause is settled, building on his basic knowledge can start.
4. Talk and express as a family: it helps to build relationships.
Do let me know the progress!

..Read more

Dr Ashish

Dr Ashish Sehgal  |107 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 09, 2024

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Relationship
Hello Sir, My Son 14 years old studing in 9th Standard has not pay attention in studing, He is sleeping & lazy in all the Periods of School classroom.His body language is very idle & he has very Lazy guy. this is may due to he not eating healty food like, dryfruits, vegetable (eathing Junk Food) instead our so many attempt to do so. Myself & wife do all the attempt to improve him but we are failed in all the attempt. his school marks are only 30 to 40% & we are very much scare that he is going to failed in 9th standared. he also not listing to Teachers & our Advice but only ignore & sometimes arrogant in the argument. we have changes so many classes & private tution to improve in studey & behavour, but all attempts did not work. his only interest in Cricket, watching TV & Mobile. Request to need your valuable advice & tips to make changes in my son.
Ans: I'm sorry to hear that your son is struggling in school. It's great that you and your wife are trying to help him. Here are some tips that may help:

1. Encourage healthy habits: Eating a balanced diet, getting enough sleep, and exercising regularly can help improve focus and concentration.

2. Create a study-friendly environment: Make sure your son has a quiet, well-lit space to study. Remove any distractions, such as TV or mobile phones, during study time.

3. Set goals: Work with your son to set achievable goals for his studies. Break down larger goals into smaller, more manageable tasks.

4. Reward progress: Celebrate your son's successes, no matter how small. Rewards can be as simple as a favorite meal or activity.

5. Encourage active learning: Encourage your son to take an active role in his learning. This can include asking questions, taking notes, and summarizing what he's learned.

6. Get support: Consider enlisting the help of a tutor or academic coach. They can provide additional support and guidance to help your son succeed.

Remember, every child learns differently, so it may take some time to find what works best for your son. Be patient and supportive, and don't hesitate to seek professional help if needed.

..Read more

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Ramalingam

Ramalingam Kalirajan  |7281 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 18, 2024

Money
I am 49 years old working in private sector. Currently, drawing Rs. 1.50 lakhs per month, my investment details. - Lumpsum investment – canara robeco midcap regular – Rs.2 lakhs, union multicap fund –Rs.1 lakh, mahindra Manulife small cap rs.2 lakh; canara robeco multi cap Rs.2.20 lakhs; mahindra Manulife business cycle fund – Rs. 50,000; white oak capital large & mid cap fund – Rs. 100,000; ICICI prudential energy opportunities fund – rs. 100,000 - SIP – HDFC Defence fund – Rs. 10,000; mahindra manulife manufacturing fund – Rs.10000; white oak special opportunities fund 10,000 - FD with HDFC bank – rs. 12,00,000 - LIC – Rs. 10 lakhs My future expenditure, daughters marriage in 3 to 4 years and to purchase house in chennai and to save money for retirement. Please give me advice on how to invest so that I can meet my future demands and have a self-sufficient retirement.
Ans: Assessment of Current Investments
Mutual Funds

Your portfolio has a good mix of midcap, multicap, small-cap, and sectoral funds.
Diversification across different fund categories is appreciable.
However, the allocation to thematic and sectoral funds like defence, manufacturing, and energy is high.
Sectoral funds can be volatile and risky, especially for near-term goals.
Fixed Deposit (FD)

Rs. 12 lakh in FD provides stability and liquidity.
FDs are suitable for short-term needs but offer limited growth potential.
LIC Policy

The LIC policy provides Rs. 10 lakh, likely covering insurance and investment.
Such policies usually yield lower returns than mutual funds.
Future Financial Goals
Daughter’s Marriage (3–4 years)

Allocate funds with a low-risk profile for this goal.
Avoid high exposure to equity for this purpose.
House Purchase in Chennai

Save in instruments that offer both safety and moderate returns.
Flexibility and liquidity are important for this goal.
Retirement Corpus

Focus on long-term equity investments for growth.
Diversify to balance returns and risk.
Proposed Investment Strategy
Short-Term Goals (Daughter’s Marriage and House Purchase)
Utilise Fixed Deposits Wisely

Allocate a portion of your FD for your daughter’s marriage.
Retain some FD for emergency purposes only.
Invest in Debt Mutual Funds

Choose high-quality short-duration or dynamic bond funds.
Debt funds can provide better post-tax returns than FDs.
Keep the money safe and accessible for short-term use.
Avoid Sectoral and Thematic Funds

Shift sectoral fund investments to safer debt-oriented funds.
Sectoral funds are not suitable for short-term goals.
Medium- to Long-Term Goal (Retirement Planning)
Increase SIP in Diversified Equity Funds

Diversify into flexicap, multicap, or large-cap funds.
These funds balance risk and growth for long-term wealth creation.
Reduce Thematic Fund Allocation

Limit exposure to thematic funds to less than 10% of the portfolio.
Reallocate to well-diversified equity funds.
Invest in Hybrid Funds

Include balanced advantage or hybrid equity funds.
These funds reduce volatility while offering equity-like returns.
Consider Equity-Linked Savings Scheme (ELSS)

Invest in ELSS for tax-saving benefits under Section 80C.
ELSS funds also offer long-term growth.
General Recommendations
Review Insurance Policy

Assess if the LIC policy offers adequate life coverage.
If it is a traditional endowment or ULIP, consider surrendering.
Reallocate proceeds to mutual funds for better returns.
Maintain Emergency Fund

Keep 6–12 months’ expenses in a savings account or liquid funds.
This ensures you have liquidity for unforeseen expenses.
Monitor and Rebalance Portfolio

Review your portfolio quarterly or semi-annually.
Rebalance to maintain alignment with your goals.
Focus on Tax Efficiency

Use tax-efficient instruments like ELSS, debt funds, and retirement-focused funds.
Plan withdrawals strategically to reduce tax impact on capital gains.
Retirement Planning Recommendations
Systematic Withdrawal Plan (SWP)

In the future, use SWP from mutual funds for retirement income.
It provides tax efficiency compared to traditional annuities.
Healthcare Planning

Ensure your health insurance coverage is adequate for post-retirement needs.
Increase coverage if necessary to avoid financial strain later.
Invest in Equity for Growth

Continue investing in equities for long-term wealth appreciation.
Equity helps combat inflation effectively over the years.
Final Insights
Your investment portfolio is commendable and diversified. However, some adjustments can improve alignment with your goals. Reduce sectoral exposure and shift towards safer instruments for short-term needs. For retirement, continue SIPs in diversified equity and hybrid funds. Regular monitoring and rebalancing will keep your financial plan on track. With these changes, you can achieve your goals while ensuring a comfortable and self-sufficient retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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Ramalingam Kalirajan  |7281 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 18, 2024

Asked by Anonymous - Dec 12, 2024Hindi
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Can I utilise my money received by cancelling aggreement of one flat to repay the loan amount for the flat where I am residing?
Ans: Yes, you can use the money received from cancelling the agreement of one flat to repay the loan for the flat where you are residing. This can be a financially prudent decision, especially if the loan carries a high-interest rate. Here’s a detailed analysis to help you decide:

Benefits of Using the Money to Repay Your Loan
Interest Savings

Paying off your home loan early can save significant interest.
The earlier you repay, the more you save on interest due to the reducing balance method.
Debt-Free Living

Being debt-free reduces financial stress.
You free up cash flow that can be allocated to other financial goals.
Guaranteed Returns

Loan repayment offers guaranteed returns equivalent to the interest rate on your loan.
This is often better than the post-tax returns from other investments.
Enhanced Creditworthiness

Paying off a loan improves your credit score.
This is beneficial if you plan to borrow in the future for any purpose.
Factors to Consider Before Repaying the Loan
Prepayment Penalty

Check if your lender imposes a penalty for early repayment.
Most lenders, however, do not charge penalties on floating-rate loans.
Emergency Fund

Ensure you have an adequate emergency fund before using the money to repay the loan.
Ideally, keep 6-12 months of expenses in a savings account or liquid funds.
Opportunity Cost

Compare the potential returns from investing the money against the savings from loan repayment.
If your loan interest rate is lower than potential investment returns, consider investing instead.
Tax Benefits

Home loan interest payments qualify for tax benefits under Section 24(b) of the Income Tax Act.
Principal repayments are eligible under Section 80C.
If you repay the loan, you forgo these benefits, so weigh the impact on your tax planning.
Alternative Approaches
Partial Repayment

Consider making a partial repayment instead of fully paying off the loan.
This reduces the principal while keeping some funds liquid for other opportunities.
Invest for Higher Returns

If your loan interest rate is low, explore investing in mutual funds or other instruments.
Over time, these investments could potentially offer better post-tax returns.
Settle High-Cost Loans First

If you have any other high-interest loans, prioritise repaying those.
Examples include personal loans or credit card debts.
Final Insights
Repaying your home loan with the money from the cancelled flat agreement is a sound decision if your goal is to reduce debt and save on interest. However, consider your overall financial situation, including tax benefits, liquidity needs, and potential investment opportunities. A balanced approach—partly repaying the loan and investing the remaining amount—could offer the best of both worlds. Consulting a Certified Financial Planner can help you tailor the decision to your specific goals and circumstances.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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Rajesh Kumar Singh  |15 Answers  |Ask -

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Harsh

Harsh Bharwani  |64 Answers  |Ask -

Entrepreneurship Expert - Answered on Dec 18, 2024

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I'm a Chartered accountant .. recently qualified .I'm interested in start up company with intention of book keeping services .software .pls give me some piece of idea regarding how to begin my book keeping services software ..
Ans: Starting a bookkeeping service powered by your own software is a great way to leverage your skills as a recently qualified chartered accountant. With the growing demand for streamlined accounting solutions, your idea has a lot of potentials. Here's how you can get started effectively:

Understand the market and identify your niche:- You have to start by researching the market to identify the specific needs of small & medium-sized businesses. Because many businesses are struggling with manual accounting or find existing software too complex or expensive. Focus on building a solution that is simple, affordable and addresses their pain points, such as automating invoices, tracking expenses and generating tax reports.

Develop or customize software:- Decide whether to build your software from scratch with the help of a development team or customize an existing platform like QuickBooks or Zoho Books to create a unique product. But make sure your software includes essential features like cloud access, real-time financial tracking, automated reminders, payroll management, and integration with banking systems. Prioritize an intuitive interface so that even non-accountants can use it easily.

Provide flexible and scalable solutions:- Start structuring your services with flexible pricing models, such as tiered subscription plans based on business size and its features. With Offers add-ons such as tax filing assistance, compliance consulting, or financial planning to differentiate yourself from other competitors. A free trial or discounted onboarding package can attract new customers and build trust to convert the audience into customers.

Build a strong brand and online presence:- Start your service as a reliable, tech-enabled bookkeeping solution by emphasizing your credentials as a chartered accountant. You Have to create a professional website with client testimonials, feature highlights and demo videos of your software. Use social media and content marketing to showcase the benefits of your services, such as cost savings, error reduction compliance accuracy and many more. Networking with local businesses and participating in professional forums can also help increase your visibility in the market.

Stay up to date and constantly improve:- Accounting laws and technology are evolving quickly, so keep your software updated with new versions to meet regulatory requirements after getting client feedback. Introduce AI-powered features like predictive analytics or fraud detection to stay ahead of competitors. Engage with your clients regularly to understand their challenges and improve your offerings.

By combining your expertise in accounting with cutting-edge technology, you can create a reliable and scalable bookkeeping solution that not only supports businesses but also establishes you as a leader in this field. Start small, focus on client needs, and let your service grow along with your reputation.

...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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