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Patrick

Patrick Dsouza  |643 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jul 10, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Sunirmal Question by Sunirmal on Jul 09, 2024Hindi
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Career

My son has experience of work as kyc Analyst for 7 years under HSBC Bangalore and kolkata . He wants to work in other company in kolkata for better development. Is there any company in Kolkata ? If so how to apply ?

Ans: Go through a placement agency. Check for placement agencies in Kolkata that specializes in the area where you want a job. Can also upload your CV on different portals.
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Ramalingam Kalirajan  |4810 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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Current Investment: Age: 23Monthly SIP: ?3,600 Portfolio: Small Cap, Mid Cap, and Index Funds Financial Goals: Goal 1: Accumulate ?1 crore in the next 3 years Goal 2: Accumulate ?5 crores in the next 10 years Goal 3: Accumulate ?25 crores by the age of 50 (in 27 years) Questions: how much should I be investing monthly in SIPs to achieve these goals?Could you suggest a diversified portfolio that balances growth and risk? What adjustments or additional strategies would you recommend to make these goals more achievable?Are there any specific mutual funds you would recommend for each goal?
Ans: You are 23 years old and investing Rs 3,600 per month in SIPs. Your portfolio includes small-cap, mid-cap, and index funds.

Financial Goals Assessment

Goal 1: Accumulate Rs 1 crore in 3 years.
Goal 2: Accumulate Rs 5 crores in 10 years.
Goal 3: Accumulate Rs 25 crores by age 50 (27 years).
Monthly Investment Requirement

To achieve these goals, the current SIP of Rs 3,600 per month is not enough. You will need to increase your SIP amount significantly. Consulting a Certified Financial Planner (CFP) will provide precise guidance on the required SIP.

Portfolio Diversification

Your current portfolio is heavily inclined towards small-cap, mid-cap, and index funds. These funds can be volatile. Including large-cap and flexi-cap funds will balance growth and risk.

Disadvantages of Index Funds

Index funds often track the market. They may not outperform it. Actively managed funds, managed by experts, can offer better returns and risk management.

Disadvantages of Direct Funds

Direct funds need continuous monitoring. Regular funds, managed by a CFP, can offer professional advice, better management, and less hassle.

Additional Strategies

Increase SIP Amount: Regularly review and increase your SIP as your income grows.

Seek Professional Guidance: A CFP can help you choose the right funds and strategies.

Diversify: Balance your portfolio with large-cap, mid-cap, and small-cap funds to reduce risk.

Final Insights

Your ambitious financial goals require a substantial increase in your SIP contributions. Diversify your portfolio to include large-cap and flexi-cap funds. Seek advice from a Certified Financial Planner for tailored strategies and better management.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4810 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 16, 2024Hindi
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Dear Sir, I am 44 years old. With a total family salary income of 2.2 Lakhs/Month after tax, and I get a yearly one time bonus of Rs. 1.5 Lakhs. Below is my financial position. 1. Combined Family PF Accumulation - 50 Lakhs 2. Own individual house with no Loan(i.e. 20 years housing loan closed in 4 Years) 3. A empty commercial plot in a busy area in a First grade municipal town worth 1.6 Crores 4. A empty commercial land of area 32000 Sq.ft. on a busy National Highways worth 2 Crores 5. Gold Jewels - 2.1 Kg 6. Some ancestral houses and 7 acres agricultural lands from which I get 20K Per month excluding our(mine + wife) salary. 7. LIC Endowment Policies from which I can get Rs. 10 Lakhs if I surrender pre-maturely now. No FD, Mutual Funds and Shares. Debt: 1. 900 grams of gold to my close relative which I borrowed at Rs. 5500/gram in 2023, also has to return only as gold. 2. 35 Lakhs cash at Bank FD rate of interest from my Mom. 3. Gold Pledged for Rs. 18 Lakhs at a nationalized bank 4. Personal loan of Rs. 10 Lakhs, EMI Rs. 27000/month(Approx). - 50 Months remaining. Two daughters studying 11th and 6th respectively. Please guide me to come out of my debt as early as possible.
Ans: Your income and assets are strong. You have Rs. 2.2 lakhs monthly income and a Rs. 1.5 lakh yearly bonus. Your PF accumulation is Rs. 50 lakhs. You own a house with no loan. Your commercial properties are worth Rs. 3.6 crores. Your gold jewels weigh 2.1 kg. Your ancestral property provides Rs. 20,000 monthly.

Debt Analysis
You have some debts. You owe 900 grams of gold to a relative. You have Rs. 35 lakhs debt to your mother at FD interest rates. You have pledged gold for Rs. 18 lakhs at a bank. You have a personal loan of Rs. 10 lakhs with a Rs. 27,000 monthly EMI.

Liquidity Management
Consider surrendering your LIC endowment policies. This can provide Rs. 10 lakhs immediately. Use this amount to reduce high-interest debts. Prioritize paying off the personal loan and pledged gold loan first.

Debt Repayment Strategy
Focus on repaying high-interest loans. Use your bonus and part of your monthly income for this. Repay your personal loan early. This will save on interest costs.

Gold Loan Repayment
Repay the gold loan at the bank. Use part of your income and savings. This will free up your pledged gold. Return the borrowed gold to your relative as soon as possible.

Family Debt Clearance
Repay your mother’s debt with a structured plan. Consider paying a fixed amount monthly. This will reduce your financial burden over time.

Future Investment Planning
Start investing in mutual funds. Use a SIP to invest regularly. This will help grow your wealth. Actively managed funds are better than index funds. They can provide higher returns.

Education Planning for Daughters
Set up an education fund for your daughters. Invest in equity and debt funds. This will ensure their future expenses are covered.

Insurance Review
Review your insurance needs. Ensure you have adequate life and health insurance. This protects your family in case of emergencies.

Professional Guidance
Seek advice from a Certified Financial Planner (CFP). They can provide a tailored financial plan. Professional guidance will help you achieve your financial goals efficiently.

Final Insights
Focus on debt repayment first. Invest regularly for future growth. Secure your family’s financial future with proper planning.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4810 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jul 16, 2024Hindi
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We are working couple (40 and 36 years) with total SIP 120000 per month (60000 each). Current MF portfolio is 25 Lacs. Investment target is December 2030 with corpus target of 2 Cr or more post taxation. Below is our SIP distribution. Will this achieve our target? Suggest any improvements if required. There is no scope for increasing SIP for next 2 years. Quant Flexi Cap Fund Direct Growth - 20000 Parag Parikh Flexi Cap Fund Direct Growth - 15000 JM Flexi Cap Fund Direct Growth - 15000 Motilal Oswal Mid Cap Fund Direct Growth - 20000 Quant Mid Cap Fund Direct Growth - 20000 Tata Small Cup Fund Direct Growth - 10000 Nippon India Small cap Fund Direct Growth - 10000 Quant Small Cap Fund Direct Growth - 10000
Ans: You have a well-diversified SIP portfolio with an allocation across flexi-cap, mid-cap, and small-cap funds. Your monthly SIP contribution is Rs 1,20,000, and your target is to achieve a corpus of Rs 2 crore or more by December 2030.

Fund Allocation Evaluation

Your current allocation focuses heavily on flexi-cap, mid-cap, and small-cap funds. While these funds can offer good returns, they come with higher risk. Diversifying into other categories might reduce risk.

Regular funds through a Certified Financial Planner (CFP) can offer professional management and advice.

Disadvantages of Direct Funds

Direct funds require extensive research and monitoring. Regular funds provide the benefit of expert guidance, potentially better returns, and less hassle. Certified Financial Planners can help optimize your investments and ensure your portfolio aligns with your goals.

Flexi-Cap Funds Assessment

Flexi-cap funds provide flexibility to invest across market capitalizations. However, actively managed funds might outperform due to professional management.

Mid-Cap and Small-Cap Funds Evaluation

Mid-cap and small-cap funds have high growth potential but come with higher volatility. Balancing these with large-cap funds could provide stability to your portfolio.

Recommendations for Improvement

Consider adding large-cap funds to balance your portfolio. Regular funds managed by a CFP can provide expert guidance. This can help in achieving your target with a balanced risk approach.

Final Insights

Your current SIP allocation is strong but could benefit from expert management and diversification. Regular funds through a Certified Financial Planner can offer better guidance and potentially higher returns. Achieving your goal by December 2030 is feasible with balanced diversification and professional management.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4810 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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Hai sir I am mr kashyap of aged 30 I am having 10 lakhs please suggest me a better mutual fund for better return in crores
Ans: It's important to set clear financial goals. Understand your risk tolerance before investing. As a young investor, you can take higher risks for higher returns. Aim for a diversified portfolio to balance risk and return.

Benefits of Actively Managed Funds
Actively managed funds offer better potential for higher returns. Professional fund managers select stocks based on research. This can outperform index funds, which just track the market. Actively managed funds are ideal for those seeking higher returns over the long term.

Importance of Diversification
Diversification spreads risk across different assets. Invest in a mix of equity, debt, and sector funds. This reduces the impact of any single investment's poor performance.

Benefits of Regular Funds
Regular funds come with the expertise of a Certified Financial Planner (CFP). CFPs provide personalized advice and regular monitoring of your investments. This ensures your portfolio remains aligned with your goals. Regular funds often perform better due to professional guidance.

Recommended Fund Types
Equity Funds: Suitable for long-term growth. Invest in large, mid, and small-cap funds.

Debt Funds: Provide stability and lower risk. Ideal for short to medium-term goals.

Sector Funds: Focus on specific sectors like technology or healthcare. High risk but high potential returns.

Systematic Investment Plan (SIP)
Consider starting a SIP with your Rs. 10 lakhs. SIPs allow you to invest a fixed amount regularly. This reduces the risk of market volatility. It's a disciplined approach to wealth creation.

Monitoring and Rebalancing
Regularly review and rebalance your portfolio. This keeps your investments aligned with your goals. Rebalancing helps maintain the desired level of risk.

Professional Guidance
Seek advice from a Certified Financial Planner (CFP). They can provide tailored investment strategies. Professional guidance helps you achieve your financial goals efficiently.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4810 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

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Hi, I am 23 years old earning a salary of 108k per month after all deductions. I am doing SIP of 21k per month in these following funds:- 1. Parag Parikh Flexi Cap Fund:- 3500 2. Quant Flexi Cap Fund:- 3500 3. Nippon India Large Cap Fund :- 3000 4. Motilal Oswal Mid Cap Fund:- 3500 5. Bandhan Small Cap Fund:- 2500 6. Axis Small Cap Fund:- 2000. 7. Motilal Oswal Nifty India Defence Index Fund:- 3000 Other than these combined contribution towards EPF (employee+employer) = 12800 per month. Please give a review of my portfolio. My investment horizon is for long terms. I will step up my investment depending on my salary increment
Ans: Your portfolio is well-diversified with a mix of flexi cap, large cap, mid cap, and small cap funds. This strategy spreads your risk across different market segments.

Flexi Cap Funds
Parag Parikh Flexi Cap Fund and Quant Flexi Cap Fund: These funds are flexible and invest across various market caps. They provide good diversification and stability.
Large Cap Funds
Nippon India Large Cap Fund: Large cap funds are stable and provide steady returns. They are less volatile compared to mid and small cap funds.
Mid Cap Funds
Motilal Oswal Mid Cap Fund: Mid cap funds offer higher growth potential. They are riskier than large cap funds but can provide better returns over the long term.
Small Cap Funds
Bandhan Small Cap Fund and Axis Small Cap Fund: Small cap funds have high growth potential. They are volatile and should be monitored closely.
Sector Funds
Motilal Oswal Nifty India Defence Index Fund: Sector funds focus on specific industries. They are riskier and should be a smaller part of your portfolio. Consider replacing with an actively managed fund for better returns.
EPF Contribution
EPF Contribution: Your EPF contribution is a good foundation for your retirement savings. It provides stability and tax benefits.
Investment Horizon
Your long-term investment horizon is ideal for your portfolio. It allows you to ride out market volatility and benefit from compounding returns.

Step-up SIP
Step-up SIP: Increasing your SIP amount with salary increments is a smart strategy. It will help you achieve your financial goals faster.
Final Insights
Your portfolio is well-structured for long-term growth. Consider replacing the index fund with an actively managed fund. Regularly review your investments to ensure they align with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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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