Good evening, sir. My son has been selected for M Tech in Computer Science and Engineering (Cyber Security and digital forensics) at VIT Bhopal. Will it be fruitful for him in the future job opportunity? He completed his B Tech in 2023 from MAKAUT, WB, and has not received any job since then.

Ans: Hi,

More strength to you for handling such a difficult phase and managing everything. Let me analyse the things for you in detail.

- No loan liability currently and using PF money to support current expenses.
- Current house deal - 60 lakhs expected in next 5 months.

> You should invest the entire amount very judiciously and with proper guidance. Avvoid rushing into wrong decisions and do not trust random people.
Connect with professional advisors to park your money wrt your current financial goals.

1. Put 5 lakhs in FD or Liquid mutual funds as your emergency fund. This amount will be helpful in any uncertain situation.
2. Take a proper health insurance for yourself and the newborn. With increasing healthcare costs, it is vital to have incurance with you all the time.
3. Take a term insurance to secure the future of newborn.
4. Invest 20 lakhs in equity mutual funds for the education expenses of your child starting March 2029. A right investment will turn into 25 lakhs in next 3 years. Take professional help for this.
5. Invest 10 lakhs in equity and aggressive funds for next 16 years for your child's higher education expense. Since it is a long time period, can choose the suggested category. Go with the professional's advice.
6. You are now left with 15 lakhs for your consumption. You should invest it for your retirement, will turn into 1.7 crores by the time you turn 60.

As you are actively looking for a new job, hopefully you'll find it and will be able to manage your monthly expenses of 35k from the same.

Do consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi,

Looks like you do not have any knowledge in this regard.
Consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Gold is the best investment. Make sure to buy it from RBI regulated platforms only.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Sharath,

You cannot use the home loan in investments. This is illegal. If you have excess, best would be to return the same to bank and reduce your overall EMIs.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Sanjeet,

Return of premium in term policies is a very bad rider to choose. It increases the premium cost upfront.
One shouldn't expect any return of premium from such polices as their is no greater gift than being alive for more than your insurance.

Go for a simple policy without any rider.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi,

Let me address your query one by one in detail:

- Monthly Income - 1.5 L ; Monthly Expenses - 50k; left with additional 1 lakh per month to save.
- FD - 21 lakhs. It is a very huge amount to keep in FD. Keep only 4-5 lakhs as emergency funds and move the rest into hybrid mutual funds. As FD interest is taxable on accrual basis and net return is even less than 5%. Consider redirecting the excess fund.
- You have corporate health insurance. You should buy additional personal health insurance as well as the corporate benefit will end when you will leave your job. Buy now so as to remove excessive premiums in the future.
- Also consider buying a term insurance worth 2 crores for safeguarding the future of your family.
- RBI Bonds - 5 lakhs. Continue holding, it is a good debt instrument.
- SGBs - hold till their validity date.
- Physical Gold - again keep holding the same.

Current ongoing monthly investments - 45k per month.
> LIC - 8500. LIC policies are not recommended as the net return given is only 4-5% and locked-in. Try to finish this or surrender this policy and avoid buying other policy in future.
> PPF - 5000 per month. It is good, continue till the term of 15 years is over and extend further til lyour retirement.
> NPS - 12k per month. Very good and continue this till you retire.
> Monthly SIP - 19k per month.
I can see the funds mentioned are all direct funds. Whilst direct are quite popular and over rated but choosing regular funds with proper guidance beats the return generated by a direct fund portfolio.
Your current fund selection is very over-diversified and doesn't seem inline with your profile. It needs a total reallocation in proper new funds.
STOP your current SIPs, connect with a professional, shift current accumulated money and start fresh SIPs into the new recommended funds. As a portfolio like this will only disappoint you in the future.

You also have a surplus of 50k for additional investment per month. Try increasing your monthly SIP from 19k to 45k per month for a secured future.

- FD: keep only 4 to 5 lakhs and shift rest.
- Rest amount into hybrid mutual funds.

Also do consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi,

You should have a current corpus of 3 crores to get 2.5 lakh per month for next 30 years.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi,
A birth certificate is different from the domicile certificate. So, to get clarification from me, kindly share the following:
1. Since when have you been living in Chhattisgarh?
2. Which address (Chhattisgarh or Bihar) is reflected in the Ration card, Aadhar card and voter ID?

Ans: Hi,
Yes, you can avail the same on the Digilocker platform. You need not upload the same. The concerned organisation has uploaded the details on the platform, and to get the same, you need to log in with your credentials.
I have shared the procedure below to avail the NEET SCORE CARD in your DIGILOCKER.

Key Details for Accessing NEET Documents:
Platform: DigiLocker App or Website.
Requirement: Candidates must have registered for the exam and given consent.
Login Method: Use your Aadhaar-linked mobile number.
Navigation: Go to the Education section → National Testing Agency (NTA) → NEET UG.
Validity: Documents in DigiLocker are legally valid and equivalent to original physical copies

With regards.