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Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on May 02, 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 - May 01, 2024Hindi
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My doughter completed mbbs internship in india Karnataka she wants. Study pg in outside india

Ans: Hello,

To begin with, thank you for contacting us. I am glad to hear that your daughter has completed her MBBS internship in Karnataka, India and now wishes to pursue her postgraduate (PG) studies abroad. Based on her choices, professional objectives, as well as the programs that are offered in her chosen field of expertise, I would like to tell you that she can apply to countries viz., the USA, Canada, the UK, Ireland, Germany, Australia, and Singapore for the same. Besides the ones mentioned above, there are a number of other nations that provide outstanding programs for postgraduate medical education. I would recommend that your daughter takes into account these steps:

Firstly, she should conduct a comprehensive study on countries and universities offering postgraduate medical programs, taking into account variables viz., the reputation, course offerings, experience of the faculty members, clinical placements, as well as the specializations that are available. Next, she should look into the entry prerequisites for overseas students applying to PG medical programs in the country she has chosen. Remember that prerequisites may differ, including academic credentials, language competency (viz., scores of the TOEFL or IELTS tests), and perhaps even medical licensing exams like the PLAB or USMLE. Next, as part of the application procedure, your daughter will need to submit her academic marksheets, a statement of purpose (SOP), endorsement letters, and at times, scores of standardized tests. Make sure she adheres to all the prerequisites and deadlines for every program that she applies to. I would suggest that your daughter takes into account the cost of studying overseas, including costs of living, healthcare, tuition, as well as any prospective scholarships or possibilities for monetary assistance. She should look into scholarships available to overseas students. In addition, help her locate appropriate housing, be it private rentals, university accommodation, or homestays whilst taking into account variables viz., safety, closeness to the university, and the cost. Not just that, also make sure that your daughter possesses adequate medical insurance coverage that satisfies the university and host country's criteria. I would recommend that your daughter gets in touch with alumni, former and current international students, faculty members, as well as experts in her academic field. Remember that developing a robust network can offer advice, invaluable assistance, as well as chances to collaborate. I would suggest that your daughter learns about the visa prerequisites and immigration procedures for the nation she has chosen. Ensure that she applies for the right visa on schedule and completes all the required paperwork. I would recommend that you assist your daughter in preparing for her study abroad experience, including adjusting to a new culture, adapting to a new academic setting, as well as overcoming any possible homesickness. Lastly, keep abreast on any updates or advancements pertaining to travel abroad, immigration laws, and healthcare rules. I would like to tell you that by adhering to these steps and examining her possibilities, your daughter can successfully pursue her postgraduate medical education abroad.

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Feeling problem in breathing; growing through a phase of anxiety for last 10 days aprrox. & also having insomnia. What brething exercise/meditation method/yogic mudra is best in this condition
Ans: Experiencing anxiety, breathing difficulties, and insomnia together can feel overwhelming, but gentle yoga and breathing practices can provide relief by calming the mind and balancing the body. Here’s what you can do:

1. Breathing Exercises:
Anulom Vilom (Alternate Nostril Breathing): Sit comfortably. Close your right nostril with your thumb and inhale through the left nostril. Close the left nostril with your ring finger and exhale through the right nostril. Repeat for 5-10 minutes. This calms the mind and balances energy.
Deep Belly Breathing: Place one hand on your stomach. Slowly inhale deeply through your nose, allowing your belly to rise, and exhale completely. Practice for 5 minutes to ease anxiety.
2. Meditation Method:
Guided Body Scan Meditation: Lie down and focus on each part of your body, releasing tension as you go. This helps in relaxing your nervous system and promoting sleep.
3. Yogic Mudra:
Gyan Mudra: Touch the tips of your index finger and thumb, keeping the other fingers straight. Practice this mudra during meditation or breathing exercises for mental calmness.
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Mutual Funds, Financial Planning Expert - Answered on Jan 25, 2025

Asked by Anonymous - Jan 24, 2025Hindi
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Hi I am 42 and wife is 40. We do not have kids (yet), planning to adopt 1 girl. I have invested 25 lakh (100%) in equity (up 13% portfolio as on today) and 85000 in lic My medical cover is 20 lakh (both insured together) premium @38k pa We own a property (where we are living) worth 1.75 cr Our business revenue is 1.50 cr p.a. On rent p.m. 42000 (office) We want to retire in the next 10 years max. Want to build a Corpus of 2.5 cr and then retire Possible?
Ans: Your current financial position is strong and has potential for improvement. You are proactive, which is appreciable. Let us review the situation step by step.

Equity Investments: You have Rs. 25 lakh fully invested in equity with a 13% growth. This is a healthy start, but diversification is necessary to reduce risks.

Insurance: Your LIC investment of Rs. 85,000 annually may not be the most efficient plan. Typically, LIC combines insurance and investment, which leads to lower returns compared to mutual funds.

Medical Cover: Your health insurance coverage of Rs. 20 lakh is reasonable. However, with future adoption plans, a family floater policy with higher coverage may be beneficial.

Real Estate: You own a property worth Rs. 1.75 crore for residential purposes, which is ideal for a stable lifestyle.

Business Revenue: A revenue of Rs. 1.5 crore per annum shows excellent business performance. Your office rent of Rs. 42,000 per month is manageable within this revenue.

Retirement Goal Assessment
Your target corpus of Rs. 2.5 crore in 10 years is achievable. However, it requires disciplined investments and strategic asset allocation. Let us break down the plan.

Building a Corpus of Rs. 2.5 Crore
Invest More in Mutual Funds:

Shift your LIC investment to equity mutual funds. Actively managed mutual funds, when invested through a Certified Financial Planner, deliver higher returns than ULIPs or traditional policies.
Invest in diversified funds with a balanced mix of large-cap, mid-cap, and small-cap funds.
Increase Monthly SIPs:

Start or increase systematic investment plans (SIPs) in mutual funds. Considering your goal and timeframe, allocate a minimum of Rs. 1 lakh monthly into equity mutual funds.
Emergency Fund:

Maintain a 6-month emergency fund in a liquid mutual fund or bank account for unforeseen expenses. This prevents dipping into your investments during emergencies.
Asset Allocation:

Allocate 80% of your investments in equity for growth and 20% in debt for stability. Adjust this allocation closer to retirement.
Tax Efficiency:

Use long-term capital gains (LTCG) exemption limits to reduce tax outgo. Equity mutual funds attract LTCG tax of 12.5% above Rs. 1.25 lakh annually.
Insurance Review:

Surrender your LIC policy and switch to a term insurance plan. Term plans provide higher coverage at a lower cost. Use the freed-up funds for investments.
Consider Child Expenses:

After adoption, start a dedicated fund for your child’s education and future needs. Use equity funds for long-term education goals.
Strengthening Health Insurance
Upgrade Coverage:

Increase your health insurance to Rs. 50 lakh with a family floater policy. Include critical illness coverage for additional protection.
Premium Management:

Ensure premiums remain below 2-3% of your annual income for cost efficiency.
Top-Up Plans:

Opt for super top-up health insurance plans for enhanced coverage at lower premiums.
Managing Business Revenue
Optimize Surplus Funds:

Invest any business surplus systematically. Avoid keeping large amounts idle in current accounts.
Business Contingency Fund:

Set aside at least 6 months of office rent and expenses in a business-specific liquid fund.
Professional Help:

Consult a Certified Financial Planner to review business finances and recommend suitable investment vehicles.
Key Recommendations for Retirement
Focus on Equity:

Equity delivers higher inflation-adjusted returns. Maintain a significant equity allocation till 5 years before retirement.
Debt Transition:

Gradually increase your allocation to debt funds or fixed deposits after 5 years for stability.
Target Income Post-Retirement:

Plan for regular monthly income through SWP (Systematic Withdrawal Plan) in mutual funds.
Avoid Annuities:

Annuities have low returns and inflexible terms. SWPs are a better alternative.
Monitor Portfolio:

Review your portfolio annually with a Certified Financial Planner to stay aligned with your goals.
Evaluating LIC Policy
Low Returns:

LIC policies often give returns between 4-6%, which is lower than inflation.
Switch to Mutual Funds:

Surrender your policy and invest the proceeds into equity mutual funds for better growth.
Term Insurance:

Replace LIC with a Rs. 1 crore term insurance plan. This will ensure adequate financial security for your family.
Financial Discipline
Automate Investments:

Set up automatic SIPs to ensure disciplined investing.
Control Expenses:

Maintain a detailed budget and control unnecessary expenses.
Emergency Preparedness:

Keep insurance policies and emergency funds updated for peace of mind.
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With consistent investments and proper financial planning, you can achieve your goal. Focus on equity for growth and debt for stability closer to retirement. Adjust your insurance, optimize business surpluses, and plan for future child expenses.

Adopt a disciplined approach to investing and review your plan regularly.

Best Regards,

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Asked by Anonymous - Jan 24, 2025Hindi
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Hi, my daughter is in tenth grade and want to pursue fashion designing as a career. Would it be better to make her do diploma in fashion designing followed by a 3 years degree course after her tenth exams or a four year degree course after appearing for twelth exams. If diploma after tenth is a better option, should we opt for a private university like Sanskriti University offering diploma courses or a private institutions like JD institute of fashion technology. Kindly advise. Thanks ????
Ans: The first option for your daughter is a diploma after the tenth grade, which provides early exposure to the industry and offers work opportunities. However, it has limitations such as restricted academic scope and less thorough curricula. Universities like Sanskriti University and specialized colleges like JD Institute of Fashion Technology offer more industry experience and networking opportunities.

The second option is a four-year degree with pros, such as in-depth information, creative growth, and managerial skills. These programs are more recognized worldwide and offer more professional possibilities. However, they also have a delayed start and competitive admissions.

The BEST option is to finish the 12th grade and pursue a degree program from reputable universities like NIFT, NID, or Pearl Academy. If the daughter has a strong academic background and can invest time and resources, she should prioritize completing the 12th and pursuing a 4-year degree. All the Best for Your Prosperous Future.

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