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Baqar Iftikhar Naqvi | Answer |Ask -Follow

Start-up Mentor - Answered on Feb 09, 2024

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more

Asked by Anonymous - Nov 05, 2023Hindi

Career

Hi expert team, good morning. I am 25 years old, i am looking for a business to start, but I don't know how to start and which business is good for financial support to me and I need a help on it. I need the financial support and business process .

Ans: Understanding your question, I can clearly see you are not ready yet. You neither have a business idea, nor a plan or resources. You are looking for some expert to tell you everything, which is a non starter.

You may like to see similar questions and answers below

Baqar Iftikhar Naqvi | Answer |Ask -Follow

Start-up Mentor - Answered on Apr 17, 2023

Question by Tanishka - Apr 10, 2023Hindi

Career

I want to start own business but I don't know have idea how and which business is perfect to start

Ans: Look for what your core skills are, in which you are better than others. Then understand your sectors / areas of interest and business opportunities therein. Take up the opportunities where the market size is significantly large, or growing and in which you can best leverage your core skills. Also evaluate how much capital expense each opportunity requires to develop a successful business in.

Baqar Iftikhar Naqvi | Answer |Ask -Follow

Start-up Mentor - Answered on Sep 08, 2023

Question by Abdul - Sep 08, 2023Hindi

Career

Sir I lost my job and jobless for past 2 years trying to survive my livelihood need your suggestion how to start my own business

Ans: Reskill or Upskill yourself first. Find a decent job and rebuild your career. Doing your own thing is more riskier than finding a job.

Baqar Iftikhar Naqvi | Answer |Ask -Follow

Start-up Mentor - Answered on Sep 13, 2023

Asked by Anonymous - Sep 11, 2023Hindi

Assalamualaikum, I am 48 ,a jobless man. I want to start some business but have no idea about what, how and where from to start. Please suggest something and guide me.

Ans: The first trait about an entrepreneur is the ability to solve problems through innovative solutions. If you have no idea about what to do , how to do etc. how will you ever do business. Please don’t waste time in finding an idea.. look for a job. It is more safer and easier to do a job.

Latest Questions

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 05, 2024Hindi

Money

I am 41 years old........ I am earning approximately 1.7 lakh per month...... My family liability is approximately 50000 per month.......i have a liability of 10 lakh home loan for which i am paying 12500 monthly EMI.......my investment include 40000 per month in PPF, 4200 in NPS and 3 lakh invested in mutual funds......I own a house worth 70 lakh and a plot of land worth 30 lakh.......please guide me for my forther planning as i will retire at age of 54 on 2037.

Ans: Hello;

If you are sure about not using the land plot in future then I suggest you sell it and invest the proceeds into mutual funds.

So land sell proceeds(30 L) + existing corpus of 3 L if stays invested in pure equity mutual funds for next 13 years, it will yield you a corpus of 1.62 Cr.

Also I recommend you to start a monthly sip of 50 K into pure equity fund for 13 years. At the end of 13 years it may yield you a corpus of around 2.04 Cr. (A modest return of 13% is assumed for all mutual fund investments)

NPS investment will not mature till you reach 60 so I am keeping it out of our working.

Your contribution of 40 K per month to EPF+PPF(PPF contribution cannot be more then 1.5 L per person per year) will grow into a corpus of 1.1 Cr after 13 years.(A modest return of 8% is assumed)

So your comprehensive corpus in 2037 will be 1.62+2.04+1.1= 4.76 Cr.

If you buy an immediate annuity from an insurance company for your corpus of 4.76 Cr, you may expect a monthly payout of 1.66 L(post tax) considering annuity rate of 6%.

If you don't want to sell the land parcel then I recommend you to start an sip of 60 K per month for 13 years. This may yield you a corpus of 2.45 Cr after 13 years.

3 L current MF corpus will grow to 0.1469 Cr after 13 years

So your comprehensive corpus now is 2.45+1.1+0.1469=~3.70 Cr

If you buy an immediate annuity from an insurance company for your corpus of 3.7 Cr then you may expect to receive a monthly payout of 1.3 L(post tax).

Further NPS will yield you a corpus of 25.5 L at the attainment of 60 years of age.(9% return considered; hoping you will continue to contribute after your retirement at 54 age)

I am sure you have adequate term life insurance and healthcare insurance for yourself and family.

You are ready to retire at 54 as planned.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Question by Vinay - Apr 19, 2024Hindi

Money

Hi Sir, I am having 2 UAN account's and from 1st UAN my PF amount ie.. Employee and Employer share amount has been transferred to my 2nd UAN, where as my EPS amount has not transferred and it is not even shown in my EPF passbook book also. Can you please let me know how to get it done through EPFO.

Ans: Report the issue to EPFO through your employer or directly offline or via e-mail quoting details of your case.

In case you do not get any response within two weeks you may register a grievance at EPFiGMS portal and escalate till complete and satisfactory resolution.

Radheshyam Zanwar |968 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Oct 07, 2024

Question by Srinivasan - Oct 07, 2024Hindi

Career

My son is doing his XII Standard in CBSE Curriculum with Maths,Physics, Chemistry and Biology as his group. He is yet to decide on what next after XII with his mind wavering between Astro Physics or Micro Biology with NEET in mind. Any guidance is welcome.

Ans: Hello Srinivasan.
I am glad to hear that your son is exploring diversified fields at this early stage. Astrophysics and Microbiology both are fascinating and rewarding paths, but they differ significantly in terms of the career options and the type of studies involved.
My suggestion for your son would be to focus only on the NEET examination at this stage. There is no need to divert the mind without any reason at this stage. After the NEET examination is over, you have ample time to discover more career options along with Astrophysics and Microbiology. The inclination toward career options of a student changes multiple times during the 11th and 12th. If he is brilliant, a hard worker, and dedicated to his studies, then set a goal of Min 650 marks in the NEET examination.
For Astrophysics: Focus on excelling in Physics and Maths in XII. He can apply to top institutions like IISc, IITs, or IISERs for B.Sc. programs.
For Microbiology: Prepare for NEET if he wants to take the medical path. Otherwise, he can explore a B.Sc. in Microbiology at a reputable university.

Best of luck for his future career and upcoming NEET examination.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Question by S.Shunmuga - Oct 01, 2024Hindi

Money

I have a ppf account for my 3 year old child. According to new rules how many years I have to pay the account and when can we withdraw the amounts? Please explain in detail

Ans: If this is the only ppf account in the name of your child with you as guardian you can continue contributing to it till your child attains major status.

Then your child may extend or withdraw and close the account.

However if you have a separate ppf account in your own name then contribution in both accounts in a financial year cannot exceed cumulatively above 1.5 L.

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 07, 2024Hindi

Money

Now I'm 43 years old, but next 5 year's I need 3cr with best mutual funds to invest and son education, marriage and my retirement, currently I have housing loan commitment. 70lakhs, how should I close my loan ASAP and I should have 3cr in my hand. Kindly help me, I'm in scary situation, I'm working in private sector 95k my take home and current home loan emi is 63k, 4500 recently started investment through groww app in parakh Parikh small fund, 12500 in PPF etc, kindly help. I'm completely in debt trap.

Ans: Hello;

General Comments:
People always delay retirement planning for later stage but this is not ok.

Because when you are young the investible surplus amount maybe less but you have the biggest resource, time on your side.

A mere 25K monthly sip can achieve 3 Cr in 20+ years

Query Specific Comments:
If you need this corpus in 5 years then you need to make a monthly sip of 3.55 Lacs Minimum to reach 3 Cr corpus in 5 yrs.(modest return of 13% considered).

Focus on improving your earning because then you can earmark larger amounts for investing towards your goals.

Also try to prepay the home loan as early as possible through EPF corpus or some asset sale.

Do not panic if you diligently pre-close the home loan you have ample time to invest and create a comfortable corpus for your goals.

Continue investing in MFs with increasing allocation, PPF to reach your goals.

Happy Investing!!

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 07, 2024Hindi

Money

I am 24 years old and earn a monthly salary of Rs.65,000. I am interested in investing some of my funds for future financial security and am also planning to marry in two years. As I have no prior knowledge of investment, I would greatly appreciate guidance on this matter.

Ans: Hello;

First and foremost buy a good term life cover including riders for critical care and accident benefit.

Ensure that you can top-up the sum assured later when you grow your responsibilities after marriage.

For retirement planning you should consider investing in NPS. If your office provides it well and good but otherwise also you can open NPS account and contribute regularly for financing your retirement. It's an E-E-E type of scheme. Charges are quite low and you can decide to select allocation to the asset classes like equity, corporate debt or sovereign bonds as per your risk tolerance. It allows limited withdrawal before 60.

If you decide to contribute to NPS per month an amount of 20 K, it will grow into a corpus of 6.51 Cr by the time you are 60 years of age.(A modest return of 9% is considered)

For all other goals such as marriage, house, kid's education, car, vacation you can use mutual funds as your mode of investments.

If you do a monthly sip of say 15 K into a pure equity mutual fund then at the end of 5 years you may expect to receive a corpus of 12.72 L considering moderate return of 13%.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 05, 2024Hindi

Money

Sir, Ppf investment in post office 10 years after amount withdrawal compulsory and how many years extension available 2.ppf investment in post office or bank best options

Ans: PPF scheme tenure is 15 years. After completing 15 years you have the option to renew for a block of 5 years or close and withdraw the entire sum.

Post office or bank both offer same PPF scheme. Their is NO difference. It is your choice. If you have a savings account with the bank then bank maybe convenient for contributions and withdrawals.

Milind Vadjikar |350 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 06, 2024Hindi

Money

agar employee 60 ki age main bhi eps nahi leta aur lagatar naukri karta hai to eps ka kya hoga?

Ans: EPS contribution stops at 58. You may delay pension for two years with or without contribution.

Thereafter(60 years) your EPS pension will start.

EPF you can keep on contributing till the time you want.

Nidhi Gupta |186 Answers |Ask -Follow

Physiotherapist - Answered on Oct 07, 2024

Asked by Anonymous - Sep 28, 2024Hindi

Health

I am 54 I want to improve my immunity please guide

Ans: Hello Anonymous,
Immunity can be improved in many ways. Listing a few-
1) Doing regular yoga and especially some form of breathwork for 15 minutes can help a lot.
2) Having some vitamin supplements like for Vit D3, B12 etc but this please take guidance of your Dr and then start
3) A healthy diet consisting of fruits, nuts, seeds, salads, soups, green leafy vegetables, fresh juices made of amla, ash gourd etc can help
4) Meditation plays a huge role in reducing stress and hence increasing immunity
5) Having a good deep sleep
6) Regular exercises like walks, cardio can help you stay fit.
All the best!

Nidhi Gupta |186 Answers |Ask -Follow

Physiotherapist - Answered on Oct 07, 2024

Question by Naval - Sep 29, 2024Hindi

Health

Hi Mam Iam Naval Kishore aged 44 y having problems with burning sensation in different parts of body and burning sensation in hips lower thighs below hips and left leg sole thumb n fingers

Ans: Hello Naval,
Have you done all your blood tests recently? Since how long is this happening?
Please go to your gp or a neurologist.

See more questions »

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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