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Sushil

Sushil Sukhwani  |334 Answers  |Ask -

Study Abroad Expert - Answered on Apr 26, 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
Asked by Anonymous - Apr 23, 2024Hindi
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HI, I have done M.Tech in Electrical Engg in 2012 and wanted to pursue Ph D from European countries. Due to family responsibility I cannot pursue full time Ph . So Can you suggest good universities fro where i can do part time Phd in Electrical Engg.

Ans: Hello. Thank you for contacting us. Congratulations on completing your M.Tech. in electrical engineering. Pursuing a part-time Ph.D. while having family responsibilities is indeed a commendable goal that you can achieve. However, let me tell you that we don't deal with Ph.D. programs at the moment. If you are willing to pursue an additional associate’s degree or a bachelor’s degree, you can simply come in contact with us. We also provide coaching for TOEFL, GRE, GMAT, IELTS, and PTE, to name a few. Additionally, we have career counselling as well. You can avail the services by getting in contact with us. We would be more than happy to help.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.
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Sushil

Sushil Sukhwani  |334 Answers  |Ask -

Study Abroad Expert - Answered on Oct 04, 2023

Asked by Anonymous - Sep 24, 2023Hindi
Career
I have completed my BE in Mechatronics in 2016. Then i started working in embedded electronic segment. But now i want to do masters from USA with top universities in power electronics. What is process. Which university will be best. Is power electronics will be good choice as academically i am from mechatronics background but professionally i am from embedded and power domain.
Ans: Hello,

To begin with, thank you for contacting us. I am glad to hear about your plans on pursuing a Master's degree in the USA. As an answer to your question, I would like to let you know that it is indeed possible and rather a fruitful step to shift from a Bachelor's degree in Mechatronics to a Master's degree in Power Electronics in the United States. Take the following steps into consideration.

1. Conduct a thorough study and choose: As the first step in the process, I would recommend that you conduct an extensive study on the field of your choice i.e. power electronics and take into account the employment possibilities it has to offer. Although you have a background in mechatronics as previously mentioned by you, you should make sure that the field of power electronics matches your career objectives and interests, and for the same, I suggest that you get in touch with field experts as they will be able to advise you better.

2. Select Universities: There are a number of universities that are renowned for their programs in the field of power electronics. I recommend that you conduct a comprehensive study and list universities. University of Illinois Urbana-Champaign, Massachusetts Institute of Technology, University of California, Berkeley, Stanford University, and University of Michigan are among the prominent ones. In addition, the university’s location, scholarship opportunities they have to offer, the experience of faculty members, and the likelihood of you securing admission should also be taken into account.

3. Appear for the GRE and English Proficiency Tests viz., IELTS or TOEFL: Majority of the universities in USA require students to prepare for and undertake the GRE i.e. Graduate Record Examination. You may also be required to prove your fluency in the English language through appearing for English competency tests viz. the IELTS or TOEFL, if English is not your first language.

4. Submit a Strong Personal Statement or Statement of Purpose: Next, I would suggest that you draft a strong personal statement or Statement of Purpose that outlines your reasons for wanting to pursue a Master's degree in Power Electronics, how your training in mechatronics as well as your hands-on experience in the embedded and power sectors will help you succeed, and the reasons behind selecting the universities you intend applying to.

5. Submit Academic Marksheets and Endorsement Letters: Along with the SOP, you will also need to submit your BE program marksheets, and obtain strong recommendation letters from instructors and employers who can attest to your educational and work abilities.

6. Take necessary courses: As mentioned earlier, you have a background in mechatronics and now wish to pursue your Master's in Power Electronics. To aid in your transition from mechatronics to power electronics, and to fill in the knowledge gap between your training in mechatronics and the particular demands of power electronics, you may be required to appear for certain prerequisite courses. The courses that you may be required to appear for are mentioned on the websites of the universities.

7. Plan your Finances: Studying in the USA can be a costly affair, and so I suggest that you plan your finances adequately. Take into account your financial circumstances. Also universities in USA offer ample scholarships and assistantships, look into the possible financial aid options that universities have to offer.

8. Make Applications to Universities: As part of the application procedure you will need to submit all the necessary documentation, pay the required application fees, and adhere to application deadlines. I suggest that you complete each university’s online application procedure.

9. Apply for a Visa: On receiving a Letter of Acceptance from the university, as the next step in the process, you will be required to apply for a student visa. Generally, an F-1 visa is required to study in USA. I suggest that you submit the required paperwork and adhere to all the visa prerequisites.

10. Prepare to Migrate: The final step in the process will require you to make all the necessary arrangements. Arrange for accommodation, obtain a medical insurance, and make arrangements for other requirements in the country. Understand the customs and academic standards of the country.

As an answer to your query whether power electronics is a good choice or not, I would like to tell you that as you have expertise in the power and embedded sectors, this field can be a fantastic one. Different sectors viz., electric vehicles, renewable energy, consumer electronics, etc. all depend on the field of power electronics. As mechatronics frequently includes the combination of mechanical systems, control systems, and electronics, your knowledge in the field of mechatronics can offer a distinct viewpoint.

Lastly, the university that you select should resonate with professional ambitions and research pursuits with the filed of power electronics. I would suggest that you conduct a thorough study on not only the courses but also the expertise of the faculty members at each university to ascertain which one best suits your educational and professional goals.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |334 Answers  |Ask -

Study Abroad Expert - Answered on Nov 09, 2023

Asked by Anonymous - Nov 09, 2023Hindi
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Sir i am a B com graduate from Kerala university, passed in the year 1997 with 58% marks. I am planning to study abroad in any European country. Please suggests me a country as my final goal is to get a PR . Preferred course is an MB Ain finance or PGD.
Ans: Hello,

To begin with, thank you for contacting us. I am glad to hear that you have completed your Bachelor’s of Commerce (B.Com) degree and now wish to pursue an MBA in Finance or Postgraduate Diploma. To answer your question first, I would like to tell you that selecting a European country to pursue your higher studies with the final goal of attaining a PR i.e. Permanent Residency, is rather a major choice. You would be glad to know that exceptional academic possibilities as well as routes to obtaining a PR are offered to international students by a number of European nations. Nevertheless, bear in mind that the particular prerequisites as well as the possibilities of attaining Permanent Residency for each country may be different. As previously mentioned, your ultimate goal is to obtain a PR and for that reason, I would recommend that you take into account countries where the immigration laws for overseas students are conducive viz., Germany, the Netherlands, Canada (although not located in Europe), as well as Sweden. Choosing these countries to pursue an MBA in Finance or a Postgraduate Diploma (PGD) can be a wise decision. Bear in mind that each country may have varying steps that lead to one attaining Permanent Residency (PR), viz., job offerings in sectors that are highly sought-after, professional experience, and language competency. I would suggest that in order to determine the best possibilities for attaining Permanent Residency (PR), you conduct a thorough study on the specified prerequisites for PR, as well as the the immigration laws and regulations for the country of your choosing. Not just that, prior to making an informed choice, ensure that you factor in the living expenses, the standard of education in your area of study, as well as the language prerequisites.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |334 Answers  |Ask -

Study Abroad Expert - Answered on Apr 08, 2024

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My son is pursuing Btech (3rd year) in Mechanical Engineering from VIT Vellore. He feels there is less opportunity for Mechanical Engineers and wants to do MS. He also not keen to sit in competitive exams like GATE. Please suggest good University in Europe or Australia within middle class budget. He maintains a CGPA of 8.5.
Ans: Hello Somnath,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son is currently pursuing the 3rd year of his Bachelor’s of Technology degree in Mechanical Engineering. Taking into account your son’s choices and circumstances, I would recommend that earning a Master's degree overseas may be an excellent alternative to consider.

Given that your son is at present pursuing his Bachelor of Technology (B.Tech) degree in Mechanical Engineering from VIT Vellore, his concern regarding the limited possibilities for mechanical engineers, as well as his unwillingness to appear for competitive exams viz., GATE, studying a Master's program overseas could provide him with new opportunities for specialization and growth. With an outstanding 8.5 CGPA, he has a decent chance of getting admitted to prestigious universities in Australia or Europe.

A number of universities that are regarded for their programs in engineering and that offer various specializations within Mechanical Engineering are located in both, Australia and Europe. Furthermore, in these regions, there are specific universities that are known for their affordability, in turn, making them ideal for middle-class families.

Your son can apply to the University of New South Wales (UNSW Sydney), a renowned university in Australia with a solid reputation in engineering. Encompassing a broad range of topics within mechanical engineering, the Master of Engineering Science (Mechanical) program offered at UNSW Sydney, gives students the opportunity to specialize based on personal interests. He can also choose to apply to the University of Melbourne, one of Australia's elite universities, generally known for the technology and engineering programs it offers. The Master of Engineering (Mechanical) program at the University of Melbourne provides possibilities for research and advanced study in a vast array of mechanical engineering topics. In Australia, employment possibilities are offered to overseas students post-study, in turn, improving their chances of acquiring real-world experience on completion of their degree.

On the other hand, your son can also consider universities in Europe viz., the Technical University of Munich (TUM), Germany, renowned for the robust engineering programs it offers. One of Europe's leading technical universities, TUM's Master of Mechanical Engineering program offers a number of specializations, in turn enabling students to customize their coursework to fit their professional objectives and interests. Overseas students in Germany are offered low-cost or tuition-free education, thereby making it affordable. Delft University of Technology in Netherlands is well-known for the technology and engineering programs it offers. An extensive array of specializations, encompassing energy engineering, biomechanical engineering, and aerospace engineering, are offered in the Master of Science in Mechanical Engineering program at Delft University. Remember that a high standard of living is provided by the Netherlands and is comparatively cheaper in contrast to several other European nations.

I would recommend that your son conducts a comprehensive study on the programs offered by each university, prerequisites for admission, possibilities for scholarship, as well as costs of living prior to making an informed choice. Not just that, he should also take into account variables viz., visa policies, prerequisites for language competency, and prospective employment opportunities after graduation. Seeking help from educational advisors or getting in touch with alumni from these universities can also provide meaningful insights. To ensure that he is successful in his future undertakings, I would suggest that your son selects a university and program that best resonates with his educational and professional objectives.

For more information, you can visit our website.

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Moneywize

Moneywize   |105 Answers  |Ask -

Financial Planner - Answered on May 07, 2024

Asked by Anonymous - May 06, 2024Hindi
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Can I invest Rs 40,000 per month in the National Pension Scheme? What kind of returns can I expect from the NPS in 10 years?
Ans: Yes, you can invest Rs 40,000 per month in the National Pension Scheme (NPS). There is no maximum limit on the monthly contributions to NPS.

Important to note about NPS returns:

• NPS returns are market-linked and depend on the chosen investment scheme. The NPS offers various investment options like Equity (E), Corporate Debt (C), Government Bonds (G), Alternative Investment Funds (A). Equity (E) scheme typically has higher returns than other schemes (C, G) but also comes with higher risk.
• It is difficult to predict the exact returns you will get in 10 years as the market is volatile.

Here's an example to give you an idea

Let’s assume you choose an equity scheme with an average annual return of 10%.

• Total investment over 10 years = Rs 40000 per month * 12 months/year * 10 years = Rs 48,00,000
• Estimated returns in 10 years = Rs 48,00,000 * 10% = Rs 4,80,000

This is just an estimate, and actual returns may vary.

Here are some resources that can help you make an informed decision:

• NPS calculator: You can use an NPS calculator to get a more personalised estimate of your retirement corpus and pension amount. These calculators consider factors like your age, investment amount, investment scheme chosen, and expected rate of return.
• NPS investment options: You can find more information about the different NPS investment options on the PFRDA website (https://www.pfrda.org.in/)

Remember, NPS is a long-term investment for retirement planning. Investing early and regularly will help you build a substantial corpus for your retirement.

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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My mother have 10 laks. Currently in FD so whatever interst she got she manage home on that interst. She is living alone so need to ask what is the better way to keep her money safe but interst she got higher than current interst value. Is SWP is good option for her ?
Ans: Considering your mother's situation, using a Systematic Withdrawal Plan (SWP) can be a good option to potentially earn higher returns while maintaining liquidity and safety for her funds. Here's why SWP could be beneficial:

Potential for Higher Returns:
By investing the funds from the FD into a suitable mutual fund or conservative investment option, your mother may earn higher returns compared to the current FD interest rate.
With SWP, she can periodically withdraw a fixed amount, which may include both the returns generated by the investment and a portion of the principal amount, depending on her withdrawal needs.
Liquidity:
SWP provides flexibility, allowing your mother to withdraw a fixed amount at regular intervals to meet her living expenses.
Unlike traditional FDs, where the entire amount is locked in for a fixed tenure, SWP allows her to access her funds whenever required, providing liquidity.
Safety:
While investing in mutual funds or other investment options carries some level of risk, your mother can choose relatively safer options such as debt funds or balanced funds to minimize risk while still earning potentially higher returns.
Ensure that the chosen investment aligns with her risk tolerance and investment horizon.
Regular Income:
SWP can provide your mother with a regular source of income, similar to the interest earned from FDs, but potentially at a higher rate.
By withdrawing a fixed amount at regular intervals, she can manage her expenses effectively without depleting her entire investment.
Professional Advice:
Before proceeding with SWP, it's advisable to consult with a financial advisor or Certified Financial Planner.
A professional can assess your mother's financial situation, risk tolerance, and investment goals to recommend suitable investment options and withdrawal strategies that align with her needs.
Overall, SWP can be a viable option for your mother to potentially earn higher returns while maintaining liquidity and safety for her funds. However, it's crucial to carefully evaluate the investment options and withdrawal strategy based on her individual requirements and consult with a financial expert for personalized advice.

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - May 07, 2024Hindi
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I invest 20% in nifty 200 momentum, 40% in midcap 150 momentum 50 and 20% in smallcap 250 momentum quality 50 remaining 20% i invest in debt fund I'm investing for more then 10years but I'm thinking of stoping my investment in 200 momentum and thinking of investing in smallcap is it a good idea
Ans: Switching your investment from Nifty 200 momentum to small-cap stocks can be a significant decision, so let's evaluate it:

Market Dynamics:
Small-cap stocks generally offer higher growth potential but come with increased volatility and risk compared to large-cap stocks.
Mid-cap stocks occupy a middle ground, offering a balance between growth potential and risk.
Risk Consideration:
Shifting your investment from large-cap (Nifty 200 momentum) to small-cap stocks could potentially increase the risk in your portfolio due to the higher volatility associated with small-cap stocks.
Ensure that you're comfortable with the increased risk and have a long-term investment horizon to ride out market fluctuations.
Diversification:
Review your overall portfolio diversification. If you already have exposure to mid-cap and small-cap stocks, adding more small-cap stocks may further increase concentration risk in your portfolio.
Consider maintaining a balanced allocation across large-cap, mid-cap, and small-cap stocks to spread risk effectively.
Investment Horizon:
Assess your investment horizon and risk tolerance. Small-cap stocks are best suited for investors with a long-term horizon who can withstand short-term market volatility.
Ensure that your decision aligns with your financial goals and investment strategy.
Professional Advice:
Consider consulting with a financial advisor or Certified Financial Planner to evaluate your investment strategy, assess the impact of switching to small-cap stocks, and ensure it aligns with your overall financial plan.
A professional can provide personalized guidance based on your individual circumstances and help you make informed decisions.
Ultimately, whether to switch your investment from Nifty 200 momentum to small-cap stocks depends on your risk appetite, investment horizon, and portfolio diversification strategy. Evaluate the potential risks and rewards carefully and seek professional advice if needed before making any changes to your investment strategy.

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Sushil

Sushil Sukhwani  |334 Answers  |Ask -

Study Abroad Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 23, 2024Hindi
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Hello My Daughter pursuing B.A Psychology Hons from Lady shri Ram college Delhi University and her keen interest to become clinical psychologist and targeting to pursuing M.phil from Nihmans Bangalore. Is it correct strategy? Every one targeting to go abroad and pursue higher degree in Psychology, how you rate india's top noch institute vs abroad?
Ans: Hello,

To begin with, thank you for contacting us. I am happy to hear that your daughter is currently pursuing her Bachelor of Arts (Hons.) Psychology after which she intends pursuing Master of Philosophy (M. Phil.). To answer your question first, I would like to tell you that your daughter’s plan of studying a B.A. in Psychology Honours from Lady Shri Ram College, Delhi University, and then subsequently pursuing an M.Phil from NIMHANS, Bangalore, appears to be a sound one, especially if she aspires to be a clinical psychologist. You would be glad to know that both, Lady Shri Ram College and NIMHANS are prominent institutions well-known for offering high-quality psychology education.

When deciding whether to pursue a further psychology degree overseas or in India, I would like to tell you that both options have their merits and disadvantages.

Remember that students studying overseas gain exposure to a broad range of viewpoints, cultural backgrounds, and possibly state-of-the-art research facilities and techniques. Moreover, one’s horizons can be expanded and he/she can be offered significant global experience, which can prove beneficial in an interconnected world.

On the other hand, India also houses a number of prestigious universities, viz., NIMHANS, which are highly recognized for their proficiency in and contributions to the psychological domain. Remember that studying in India can provide students with knowledge of local surroundings, networks, and future job prospects in the nation’s healthcare and academic sectors.

Lastly, the decision should best resonate with your daughter’s personal as well as career objectives. If she intends working in India and participating in regional mental health initiatives, then I would like to tell you that pursuing a Master of Philosophy (M. Phil.) at NIMHANS could be a great option. On the other hand, if your daughter is interested in learning about varied cultures and possibly working overseas, then studying overseas might be a better option.

I would recommend that your daughter conducts a comprehensive study on both options, taking into account variables viz., her individual preferences, experience of the faculty members, possibilities for research, as well as the job opportunities. Not just that, in order to make an educated choice that best resonates with her ambitions, I would suggest that your daughter seeks counsel from industry professionals, instructors, and alumni.

For more information, you can visit our website.

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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Hi i am 27 and from last 2 years i am investing 9k per month in following funds 2k in quant Small cap 2k in Nippon large cap 1.5k in ICICI technology, 1.5k in HDFC midcap opportunity & 1.5k in franklin flexicap. My aim is to get 1 cr by the time i reach 40 Kindly Review my portfolio and suggest me.
Ans: It's excellent to see your commitment to investing at such a young age! Let's review your portfolio and make some suggestions to help you achieve your goal of reaching 1 crore by the time you turn 40:

Portfolio Review:
Quant Small Cap, Nippon Large Cap, ICICI Technology, HDFC Midcap Opportunity, and Franklin Flexicap are diversified funds covering various market segments.
Your portfolio reflects a good mix of small-cap, large-cap, mid-cap, and flexi-cap funds, which can help spread risk across different sectors and market capitalizations.
Investment Strategy:
Continue with your systematic investment plan (SIP) approach, as it allows you to invest regularly and take advantage of rupee cost averaging.
Consider increasing your SIP amount gradually as your income grows to accelerate wealth accumulation.
Risk Management:
Keep an eye on the performance of individual funds and review them periodically to ensure they align with your investment goals and risk tolerance.
Monitor the sectoral exposure of your portfolio and ensure it remains well-diversified to mitigate concentration risk.
Goal Setting:
Revisit your financial goals periodically and adjust your investment strategy as needed to stay on track.
Consider incorporating other investment avenues, such as debt funds or index funds, to further diversify your portfolio and manage risk.
Professional Advice:
Consider consulting with a financial advisor or Certified Financial Planner to assess your risk profile, review your investment strategy, and tailor a plan that aligns with your goals.
A professional can provide personalized guidance and help you make informed investment decisions as you work towards achieving your financial objectives.
Overall, your investment portfolio appears well-structured and diversified, which is essential for long-term wealth creation. Stay disciplined in your approach, continue to invest regularly, and seek professional advice when needed to maximize your chances of reaching your goal of 1 crore by the age of 40. Keep up the good work!

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - May 02, 2024Hindi
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Hello sir, my age is 48 years working professional and wants good corpus after 8 years for retirement . I am having SIP in direct plan as follows Parag Parikh flexi cap fund 15000 pm Quant Active Fund. 5000 Mirae asset Large and Mid cap. 5000 Kotak emerging equity fund 5000 Quant Mid cap Fund. 5000 Nippon India small cap fund. 5000 Addinationally, lumsum inventment as below DSP Nifty 50 Equal Weight Index Fund - Direct Plan - Growth 200000 Quant Large Cap Fund - Direct Plan - Growth -300000 ICICI Prudential Short term Fund Direct- 200000 NPS 50000 per year from year 2017 Kindly please review my portfolio and advise and guide I can add 10000 per month in SIP in this thank you
Ans: It's great to see your proactive approach to retirement planning through SIPs and lump sum investments. Let's review your portfolio and discuss potential adjustments:

SIPs:
Parag Parikh Flexi Cap Fund, Mirae Asset Large and Mid Cap Fund, and Kotak Emerging Equity Fund offer diversification across different market segments.
Quant Active Fund, Quant Mid Cap Fund, and Nippon India Small Cap Fund provide exposure to growth-oriented stocks.
Consider reviewing the performance of each fund periodically and ensure they align with your risk tolerance and investment goals.
Lump Sum Investments:
DSP Nifty 50 Equal Weight Index Fund provides exposure to a diversified portfolio of Nifty 50 stocks.
Quant Large Cap Fund offers potential growth opportunities in large-cap stocks.
ICICI Prudential Short Term Fund Direct is a suitable option for short-term liquidity needs.
NPS contributions provide tax benefits and retirement savings growth potential.
Additional SIP Contribution:
Increasing your SIP contribution by 10,000 per month can accelerate wealth accumulation and help achieve your retirement corpus goal.
Consider allocating the additional SIP amount across existing funds or exploring new funds to enhance diversification.
Review and Rebalance:
Regularly review your portfolio's performance and rebalance if needed to maintain optimal asset allocation.
Assess your risk tolerance and adjust your investment strategy accordingly to ensure it remains aligned with your financial objectives.
Seek Professional Advice:
As a Certified Financial Planner, I recommend consulting with a financial advisor to conduct a comprehensive review of your portfolio.
A professional can provide personalized guidance based on your individual circumstances and help optimize your investment strategy.
By staying disciplined in your savings and investment approach and periodically reviewing your portfolio, you can work towards building a substantial corpus for your retirement. Keep up the good work, and remember to stay focused on your long-term financial goals.

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

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Hello sir I am doctor with 41 yrs age . I have about 1cr investment in mf and I am doing 1.30 lakhs sip per month . Plus I have 40 lakhs in ppf and 25 lakhs invested in icici pru and emergency funds of 7 lakhs in Fd. I have real estate investment of 3 cr in land and flats which gives me 40 thousand rent per month I don’t have any loans on me.my monthly income is 4 lakhs .i have also investing 50,000 per year in nps with 10 lakh present value in nps . I have two kids with 12 yrs and 8 yrs old . My goal is to accumulate 2cr for kids education in next 10 yrs and monthly pension of 2 lakhs per month on retirement on age of 60 .is it possible
Ans: It's great to see your disciplined approach to investing and planning for your future. Let's assess your goals and see if they are achievable:

Kids' Education Fund:
With a monthly SIP of 1.30 lakhs and existing investments, you have a strong foundation to accumulate the desired 2 crore corpus for your kids' education in the next 10 years.
Ensure that you review your investment strategy periodically to optimize returns and align with your target timeframe.
Monthly Pension:
To achieve a monthly pension of 2 lakhs at the age of 60, you'll need to estimate the corpus required using the concept of retirement planning.
Consider factors such as inflation, expected rate of return on investments, and life expectancy to determine the corpus needed to generate the desired pension amount.
Retirement Planning:
Review your current retirement savings, including investments in MFs, PPF, ICICI Pru, NPS, and real estate.
Calculate the gap between your current retirement corpus and the required corpus to generate a monthly pension of 2 lakhs.
Adjust your savings and investment strategy accordingly to bridge the gap and achieve your retirement goal.
Regular Review and Adjustment:
Regularly monitor your investments and track your progress towards your financial goals.
Make adjustments to your investment strategy as needed based on changes in your income, expenses, market conditions, and life circumstances.
Professional Advice:
Consider consulting with a financial advisor or Certified Financial Planner to develop a comprehensive financial plan tailored to your specific needs and goals.
A professional can help you assess your current financial situation, set realistic goals, and create a roadmap to achieve them.
With careful planning, disciplined saving, and prudent investing, it's possible to achieve your financial goals of funding your kids' education and securing a comfortable retirement. Stay focused on your objectives, and continue to make informed decisions to build a brighter financial future for yourself and your family.

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - May 02, 2024Hindi
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Hi Sir, I am 37 years old and currently have about 1.1 C as investments across various instruments such as MF, Shares, PF, SSY, Gold and ESOPs. My current yearly expenses work out to be 22 lacs. How much do I need to accumulate as a corpus by the age of 45 to sustain my current lifestyle as well as to fund my kid's higher education (around same time) and marriage (another 10 years from then)?
Ans: To determine the corpus you need to accumulate by the age of 45 to sustain your current lifestyle, fund your kid's higher education, and marriage, we'll need to consider several factors:

Current Expenses:
Your current yearly expenses amount to 22 lakhs. We'll use this figure as a baseline to estimate your future expenses.
Inflation:
Consider the impact of inflation on your expenses over time. Typically, education and marriage costs tend to rise at a higher rate than general inflation.
Higher Education Costs:
Estimate the future cost of your kid's higher education by factoring in the current cost, inflation rate, and the number of years until they start college.
Marriage Expenses:
Similarly, estimate the future cost of your kid's marriage by considering the current average marriage expenses, inflation rate, and the number of years until the event.
Investment Growth:
Assess the growth potential of your current investments across various instruments, including mutual funds, shares, PF, SSY, gold, and ESOPs. Consider historical returns and future growth projections.
Corpus Calculation:
Use a financial planning tool or consult with a financial advisor to calculate the required corpus based on your current expenses, future expenses, inflation, and investment growth assumptions.
Ensure that the corpus is sufficient to cover both your retirement needs and your kid's education and marriage expenses.
Regular Review:
Regularly review your financial plan to track your progress towards your goals and make necessary adjustments based on changes in your income, expenses, investment performance, and life circumstances.
Given your age and financial situation, it's essential to start planning and saving for your future goals as early as possible. By investing wisely and regularly reviewing your financial plan, you can work towards achieving your financial objectives and securing a comfortable future for yourself and your family.

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Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Ramalingam

Ramalingam Kalirajan  |1546 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - May 02, 2024Hindi
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Hi, I'm 35 yrs I can invest 25000-50000 per month, where should i invest. I can take moderate risk, 10yrs time horizon, I invested 10lakhs in direct shares already. Investing in Mirae ELSS monthly 4000rupees Not invested in any other mutual funds. I earn monthly 1 lakh, no emi, i can save 80k per month, let me know where i can invest 25-50k monthly
Ans: It's great to see your proactive approach to investing and your willingness to explore additional investment avenues. Given your risk tolerance, time horizon, and monthly saving capacity, mutual funds can be an excellent option to diversify your portfolio and potentially enhance returns over the long term. Here's a suggested approach for your monthly investments of 25,000 to 50,000 rupees:

Increase SIP Investment:
Since you're already investing in Mirae ELSS with a monthly SIP of 4,000 rupees, consider increasing your SIP amount in this fund or adding SIPs in other mutual funds.
Diversify Across Fund Categories:
Allocate your monthly investment across different categories of mutual funds to diversify your portfolio and manage risk effectively.
Consider investing in large-cap, mid-cap, and multi-cap funds to gain exposure to different segments of the market.
Consider Systematic Investment Plans (SIPs):
SIPs offer the advantage of rupee cost averaging and disciplined investing, making them suitable for long-term wealth creation.
You can start SIPs with varying amounts in different funds based on your risk appetite and investment objectives.
Fund Selection:
Choose mutual funds with a proven track record of consistent performance, experienced fund managers, and a robust investment process.
Look for funds with low expense ratios and high-quality portfolios that align with your investment goals and risk profile.
Regular Monitoring and Review:
Keep a close eye on the performance of your mutual fund investments and regularly review your portfolio to ensure it remains aligned with your financial objectives.
Make adjustments to your investment strategy as needed based on changes in market conditions, your risk tolerance, and investment goals.
Seek Professional Advice:
Consider consulting with a financial advisor or Certified Financial Planner to develop a customized investment plan tailored to your specific needs and goals.
A professional can provide valuable insights and guidance to help you make informed investment decisions and navigate the complexities of the financial markets.
By diversifying your investments across mutual funds and adopting a disciplined approach to investing, you can potentially achieve your financial goals and build wealth over the long term. Remember to stay patient, stay focused on your long-term objectives, and avoid making impulsive investment decisions.

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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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