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Sushil Sukhwani  |582 Answers  |Ask -

Study Abroad Expert - Answered on Aug 16, 2023

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
vineet Question by vineet on Aug 09, 2023Hindi
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Career

my faughter wants MS or M.Tech in mechateonics in India or abroad so what is good and where shall be apply

Ans: Dear Vineet,

First and foremost, thank you for contacting us. However, we only deal with overseas education. It is critical to select the correct university and location for obtaining a Master's degree in Mechatronics. Mentioned below are some stages and considerations to assist you and your daughter in making an educated decision:

1. Research Initiatives: Begin by investigating the universities and programs that provide a Master's degree in Mechatronics. Search for colleges with reputable engineering and technology departments, especially those with a strong mechatronics or related field emphasis.

2. University Standing and Reputation: Examine the rankings and reputation of universities, particularly those in engineering and technology. Higher ranked institutions frequently have superior faculty, resources, and connections to business.

3. Research and Academia: Research the professors who have expertise in mechatronics and related subjects. The learning experience can be substantially improved by excellent faculty. Additionally, mechatronics research initiatives and projects might be a huge benefit.

4. Location: Take the university's location into consideration. Seek out areas with a strong industrial foundation and cutting-edge technology. This might open up chances for internships, team projects, and prospective employment following graduation.

5. Cost and Financial Aid: Analyze the cost of living and tuition in the nations and colleges that interest you. Additionally, look into any possible scholarships for international students.

6. Language: Examine the language of education. Many institutions in English-speaking nations offer English-language programs, although some may demand knowledge in the native language.

7. Links to Industry: Universities with strong connections to regional businesses might present networking possibilities, internships, and possible job prospects after graduation.

8. Curriculum & Areas of Concentration: Review the course descriptions and curriculum. Your daughter's interests in mechatronics may be matched by specialized courses or concentrations offered by several universities.

9. Infrastructure and Labs: Investigate the workspaces, laboratories, and tools offered for mechatronics projects and research. For this field, practical experience is essential.

10. Alumni Success: Find out where prior program alumni are working currently. This might help you gauge how well the curriculum prepares pupils for the workforce.

Here are several nations noted for their formidable colleges and strong engineering programmes in light of these factors:

• United States: Engineering programs at universities viz., Stanford University, the Massachusetts Institute of Technology (MIT), the University of California--Berkeley, and the Georgia Institute of Technology are renowned.

• Germany: Universities like Technische Universität München (TUM), Rheinisch-Westfälische Technische Hochschule Aachen (RWTH Aachen), and Technische Universität Berlin, which are known for their strong engineering history, provide top-notch engineering programs.

• Canada: Engineering departments at universities like McGill University, University of Toronto, and University of British Columbia are well-known.

• Switzerland: The engineering and technology programs at ETH Zurich and École Polytechnique Fédérale de Lausanne (EPFL) are well-known.

Consider your daughter's academic and career ambitions as well as the family's financial needs when thoroughly researching each university and program. To acquire first-hand knowledge of the programs, it’s also a smart move to get in touch with current students or alumni.

For more information, you can visit our website.
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Hello Sir, this is Dhiraj DM, I am 48 year's old married with no kids, we have any flat worth 1. 5 cr given on rent around 50 lakhs of equity 20 lacs mutual funds we want to retire in next 3 years,please guide. We live in a metro no liability, we r into Gifting business now want to retire in next 3 years
Ans: Your retirement is just three years away. You have built a strong foundation with real estate, equity, and mutual funds. Now, the goal is to structure your investments for steady income, security, and long-term sustainability.

1. Assessing Your Current Financial Position
Flat Worth Rs. 1.5 Crore: This generates rental income, but liquidity is limited.
Equity Portfolio of Rs. 50 Lakh: Market-linked investments with potential for high returns but volatile.
Mutual Funds of Rs. 20 Lakh: Offers diversification and moderate risk exposure.
No Liabilities: This is a strong advantage for financial freedom.
Gifting Business: If planning to exit, ensure business-related finances are sorted before retirement.
2. Estimating Post-Retirement Income Needs
Calculate expected monthly expenses, including medical, travel, lifestyle, and emergency costs.
Factor in inflation, as expenses will rise over time.
Consider long-term costs such as medical care and home maintenance.
3. Structuring Retirement Income
Rental Income as a Fixed Source
Your flat generates rental income, which helps with stability.
Consider reinvesting this income for further growth.
Portfolio Rebalancing for Stability
Equity exposure is beneficial but risky close to retirement.
Shift some funds to low-risk instruments for safety.
Keep some allocation to equity to combat inflation.
Maintaining Liquidity for Emergencies
Create an emergency fund of at least 2 years' expenses in liquid assets.
Avoid relying solely on investments that require selling in volatile markets.
4. Health and Insurance Planning
Ensure comprehensive health insurance for both of you, at least Rs. 15-20 lakh coverage.
If you hold any old insurance policies with low returns, consider restructuring them.
Create a separate healthcare fund for long-term medical expenses.
5. Tax Efficiency in Retirement
Structure withdrawals smartly to reduce tax burden on capital gains.
Use tax-free instruments where applicable.
Rental income is taxable, so deduct maintenance expenses to lower tax outgo.
6. Planning Investments for Retirement Income
Avoid complete reliance on fixed-income instruments, as they may not beat inflation.
A mix of mutual funds, debt instruments, and systematic withdrawal plans (SWP) will ensure steady cash flow.
Keep some investments growth-oriented to sustain wealth over decades.
7. Estate and Legacy Planning
Prepare a clear will to ensure smooth asset transfer.
If you plan to donate or support causes, structure funds accordingly.
Finally
Ensure liquidity and stability in your investments.
Reduce risk in equity but keep exposure for growth.
Maintain a dedicated healthcare fund and strong insurance coverage.
Structure investments to minimise taxes and ensure steady income.
Plan legacy and succession to avoid future complications.
Would you like a detailed plan on how to allocate your investments for steady retirement income?

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...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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