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Sushil

Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Apr 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
balaguru Question by balaguru on Mar 29, 2024Hindi
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my son finised mbbs at Kyrgyzstan last year, which country get job

Ans: Hello Balagaru. Thank you for connecting with us. Congratulations to your son on completing the MBBS from Krygzstan. Upon completing an MBBS degree from Krygzstan, your son can pursue job opportunities in various countries depending on their preferences, qualification requirements, and other requirements set by the country where he wants to do a job. Here are a few reasons your son can consider doing a job after MBBS:

1. Krygyzstan: As he studied MBBS here, he can explore MBBS jobs here, whether in hospitals or clinics.

2. Home country: Depending on the recognition of an MBBS degree, your son can practice in his home country. Also, keep in mind that there will be additional requirements for practicing medicine in the home country.

3. There are specific countries, like the UAE or India, where they have agreements that recognise medical degrees from certain institutions in Kyrgyzstan.

4. There are a couple of countries facing a shortage of medical professionals, such as the US, Canada, UK, Australia, and New Zealand. However, your son might have to gain a valid license and pass qualifying exams in order to practice medicine in the mentioned countries

We do provide services for career counselling, entrance exams preparation and a lot more. For further assistance, you can get in touch with us or visit your nearest Edwise office
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Study Abroad Expert - Answered on Apr 20, 2023

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My son has done his BBCA from MIT (ATSC affiliated to Pune University) and was placed with an MNC AMDOCS Pune where he would complete two years of job ex in Aug 23. We are of the opinion that he should do his masters from some good college in Australia, Ireland or Germany. 1. Which country would you recommend (is there widespread racism in the last mentioned?)? 2. Should he apply for a job in these countries and do his masters part time or study full time and work part time?
Ans: Hello Ajoy,

To begin with, thank you for contacting us. The following details could be useful:

1. The choice of a country for master's study depends on a number of variables, such as the standard of education, employment prospects, cost of living, and cultural milieu. International students seeking higher education often choose to study in Australia, Ireland, or Germany. Each country has its unique set of advantages and disadvantages:
• Australia: Australia, which is renowned for its excellent educational system and diversified cultural environment, places a heavy focus on research and innovation. While racism does exist in some Australian communities, it is not pervasive, and the majority of colleges have policies in place to support diversity and inclusivity.

• Ireland: Ireland is renowned for its extensive literary and cultural past, and its educational system is well-regarded. Racism does occur in some nations, including Ireland, however it is typically thought to be less pervasive than in some other nations.

• Germany: German universities are well-known for their robust engineering and technology programs, and several of them offer courses in English. Although isolated acts of racism and discrimination might happen anywhere, Germany has stringent laws against them.

When selecting a country for master's degree study, it's crucial to conduct extensive research and take into account a variety of aspects, including racism. It is advised to speak with current students, former students, or academic advisors to better understand the cultural setting and experiences of international students in these nations.

1. Depending on his individual circumstances, aspirations, and master’s program requirements, your son should decide whether to work part-time while pursuing his degree full-time or the other way around. While some master's programs may be rigorous and need full-time dedication, others may allow flexibility for part-time employment. Prior to making a choice, it is crucial to thoroughly evaluate the prerequisites and workload of the master's program, as well as your son's career objectives and financial position. Furthermore, acquiring a job in a foreign nation may be contingent on issues such as language skills, work permits, and employment market conditions, all of which should be considered. Consultation with academic advisors, career counselors, or immigration advisors can provide valuable guidance in making this decision.

For more information, you can visit our website.

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Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Jan 05, 2024

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Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Apr 18, 2024

Asked by Anonymous - Apr 18, 2024Hindi
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My son is 24 years ,bcom and acca affiliate working for 18 months, wants to higher studies ,which country and course will be good for him
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son has completed his BCom with ACCA and now wishes to pursue higher studies. To answer your question first, I would like to tell you that a number of variables viz., your son’s interests, the location of his choosing, his economic condition, as well as his professional objectives, play a key role in selecting the ideal country and course for his higher education. I would recommend that you take into account the following:

As an answer to your query pertaining to country, I would like to let you know that the UK, well-known for the robust accounting and finance programs it offers, provides a broad range of possibilities for further education, including prominent colleges and universities. Coming to Canada, the country is renowned for its top-tier educational system and friendly atmosphere for overseas students. It is home to a number of universities offering reputed business and accounting programs. Numerous elite universities offering outstanding business and finance programs are located in the USA, providing a myriad of opportunities for international students. For overseas students looking to pursue degrees in accounting and finance, Australia is another sought-after study abroad destination. The country has a robust economy as well as an outstanding educational system.

Concerning your query as to which course will be good for your son, I would like to let you know that he can choose among the courses mentioned below: He can choose to pursue a Master of Science (MSc) in Accounting and Finance: Concentrating on accounting and finance, a specialized master's degree can offer comprehensive knowledge and abilities that are pertinent to your son's professional objectives. Next, based on your son’s professional aspirations, he might choose to pursue professional qualifications viz., CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or ACCA (Association of Chartered Certified Accountants). Your son can also opt for a Master of Business Administration (MBA) degree. For students looking to further their financial and business professions, this is a preferred option. Specialized MBA programs in finance and accounting are offered by a number of universities.

I would suggest that your son conducts an extensive study on and takes into account variables viz., the program’s standing, accreditation, living expenses, post-graduation employment prospects, as well as the possibility of acquiring a work visa or immigration upon graduating. Moreover, in order to gain meaningful information and acquire guidance when making this crucial choice, I would recommend that your son gets in touch with educational counselors, employment consultants, as well as experts in the subject.

For more information, you can visit our website.

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Moneywize

Moneywize   |104 Answers  |Ask -

Financial Planner - Answered on May 05, 2024

Asked by Anonymous - Apr 22, 2024Hindi
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I had purchased an NSC in 2020 and and paid tax every year for the interest on accrual basis. Since last year, it seems post offices are providing data to AIS on receipt basis, that is, whole amount of interest on maturity. What happens to the taxes I have paid in previous years on accrual basis? How do I adjust them?
Ans: The income tax department in India treats interest earned on National Saving Certificates (NSCs) on an accrual basis, even though the interest is paid out at maturity. This means you are correct to have paid taxes on the accrued interest every year.

Here's what happens in your situation:

• No Change for Previous Years: The taxes you've paid on the accrued interest in previous years are valid. You don't need to adjust them.

• Change in Reporting: Since the post office is now reporting the entire interest on maturity to the Annual Information Statement (AIS) on a receipt basis, there might be a mismatch between your tax filing and the AIS data.

Here's how to handle this:

• File Your Return As Usual: File your income tax return (ITR) for the current year including the entire interest received at maturity as income from other sources.

• Explain the Discrepancy: While filing your ITR, you can add a covering letter explaining the situation. Mention that you have already paid taxes on the accrued interest in previous years and provide details like investment year, accrued interest amount for each year, and tax payment proofs (if possible).

It's advisable to consult a tax advisor for personalised guidance on your specific situation, especially if the amount of tax involved is significant. They can help you navigate the process and ensure your tax filing is accurate.

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Ramalingam

Ramalingam Kalirajan  |1384 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Hi, I am 30 years old, F, married (no kids yet) earning 1.3L/m. Currently I have 4 lakh in FD and a RD of 25K/m earning 7.1% interest. I have been doing SIP of 17.5K(and increase in SIP by 25% yearly). Also, I have an emergency fund of 4 Lakh in savings account. I don't have any knowledge of investment and not sure I am ready to take risk. Please suggest me how to asses risk and what are the best savings option for next 10-12 years.
Ans: It's great that you're taking steps towards financial planning and building wealth for your future. Assessing your risk tolerance is an important first step in determining your investment strategy. Here's a tailored approach to help you assess risk and explore suitable savings options for the next 10-12 years:

Risk Assessment:
Start by understanding your financial goals, time horizon, and comfort level with investment risk.
Consider factors such as your age, income stability, financial obligations, and future aspirations when evaluating risk tolerance.
Reflect on how you would react to market fluctuations and potential losses in your investment portfolio.
Investment Options:
Given your risk aversion, focus on low to moderate-risk investment options that offer stability and steady returns over time.
Explore fixed-income instruments such as Fixed Deposits (FDs), Recurring Deposits (RDs), and Debt Mutual Funds, which provide capital preservation and predictable returns.
Diversification:
While prioritizing safety and stability, consider diversifying your investment portfolio across different asset classes to manage risk effectively.
Allocate a portion of your savings to equity mutual funds or index funds with a conservative approach to benefit from potential long-term growth while minimizing volatility.
Savings Goals:
Identify your financial goals for the next 10-12 years, such as buying a home, starting a family, or saving for retirement.
Prioritize your savings goals based on their importance and urgency, and allocate your investments accordingly.
Regular Review and Adjustment:
Periodically review your investment portfolio and reassess your risk tolerance, financial goals, and market conditions.
Adjust your investment strategy as needed to stay aligned with your objectives and adapt to changes in your financial situation or life circumstances.
Financial Education:
Invest time in learning about different investment options, risk management strategies, and personal finance principles.
Consider seeking guidance from a Certified Financial Planner who can provide personalized advice and help you navigate the complexities of investing.
Remember, while it's important to prioritize safety and stability, being overly conservative with your investments may hinder your ability to achieve long-term financial growth. Find a balance between risk and reward that aligns with your goals and comfort level. With careful planning and informed decision-making, you can build a strong financial foundation and work towards achieving your aspirations over the next decade.

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Ramalingam Kalirajan  |1384 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi sir am 35yrs old , and i don't have any savings till now. I am planning to do SIP now onwards 30k per month and mai aim is to I need to achieve 1cr till 45yrs. Kindly suggest me some funds were can I invest.
Ans: Starting a Systematic Investment Plan (SIP) is a great step towards building wealth for your future goals. Given your goal of reaching 1 crore by the age of 45, it's essential to choose mutual funds that align with your risk tolerance, investment horizon, and financial objectives. Here are some suggestions for mutual funds to consider for your SIP:

Diversified Equity Funds:
Look for funds that invest across various sectors and market capitalizations to spread risk.
Consider funds with a proven track record of consistent performance and experienced fund managers.
Large Cap Funds:
Large-cap funds invest in established and well-known companies with a track record of stable earnings.
These funds offer relatively lower risk compared to mid and small-cap funds, making them suitable for long-term wealth creation.
Mid and Small Cap Funds:
Mid and small-cap funds have the potential for higher growth but come with higher volatility.
Invest in these funds if you have a higher risk appetite and a longer investment horizon to ride out market fluctuations.
Balanced Funds:
Balanced funds, also known as hybrid funds, invest in a mix of equities and debt instruments.
These funds provide a balance between growth and stability, making them suitable for investors seeking moderate risk with potential for capital appreciation.
Index Funds:
Index funds replicate the performance of a specific market index, such as the Nifty or Sensex.
These funds offer low expense ratios and are ideal for investors looking for passive investment options with diversified exposure to the equity market.
Tax-saving ELSS Funds:
Consider investing in Equity Linked Savings Schemes (ELSS) to benefit from tax deductions under Section 80C of the Income Tax Act.
ELSS funds have a lock-in period of three years and invest primarily in equities, offering the potential for higher returns over the long term.
International Funds:
Explore international funds that invest in global markets to diversify your portfolio and access opportunities beyond domestic markets.
These funds provide exposure to sectors and companies not available in the Indian market and can offer diversification benefits.
Before investing, assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a Certified Financial Planner to create a personalized investment plan tailored to your needs and objectives. Regularly review your portfolio and make adjustments as needed to stay on track towards achieving your goal of 1 crore by the age of 45. Remember, disciplined investing over time can help you achieve your financial aspirations.

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Ramalingam

Ramalingam Kalirajan  |1384 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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What should be the investment even after retirement and in which fund
Ans: Post-retirement, it's crucial to maintain a well-balanced investment strategy that aligns with your financial goals, risk tolerance, and income needs. Here's a tailored approach to consider:

Investment Objectives:
Focus on preserving capital, generating regular income, and managing inflation risk to sustain your lifestyle in retirement.
Prioritize investments that offer stability, liquidity, and moderate growth potential to meet your income requirements.
Asset Allocation:
Allocate a portion of your retirement corpus to fixed-income investments such as bonds, debt funds, and Senior Citizen Savings Scheme (SCSS) to provide a steady stream of income and capital preservation.
Maintain exposure to equity through balanced funds or conservative equity funds to benefit from potential capital appreciation while managing volatility.
Regular Income Generation:
Consider investing in dividend-paying mutual funds or systematic withdrawal plans (SWP) to generate a regular income stream from your investment portfolio.
Opt for funds with a history of consistent dividends or reliable income distributions to support your post-retirement expenses.
Risk Management:
Prioritize investments with lower volatility and downside protection to safeguard your retirement savings from market fluctuations.
Diversify across asset classes and investment vehicles to mitigate risk and enhance portfolio resilience.
Tax Efficiency:
Choose tax-efficient investment options such as tax-free bonds, dividend-paying funds, or capital gains tax-exempt instruments to optimize your post-retirement income.
Leverage tax-saving opportunities available to retirees, such as Senior Citizens Savings Scheme (SCSS) or Pradhan Mantri Vaya Vandana Yojana (PMVVY), to maximize tax benefits.
Regular Review and Adjustment:
Continuously monitor your investment portfolio and adjust your asset allocation and investment strategy based on changing market conditions, income requirements, and personal circumstances.
Consult with a Certified Financial Planner periodically to ensure your investment plan remains aligned with your post-retirement goals and objectives.
Overall, maintain a balanced approach to post-retirement investing, focusing on income generation, capital preservation, and risk management. By diversifying across asset classes, prioritizing stability, and staying disciplined in your investment approach, you can build a resilient portfolio that supports your financial well-being throughout retirement.

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Ramalingam

Ramalingam Kalirajan  |1384 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
Sir, I started investing in MFs since 2007. These are the schemes where I am investing currently. Do I need to make any changes to my portfolio? I am planning to invest Rs 50,000 per month for a period of 20 years. I want a corpus of Rs 5 cr after 20 years. Do I need to add any new schemes to reach my target? * Mirae Asset Tax Saver Fund G * Motilal Oswal NASDAQ 100 ETF * Parag Parikh Flexi Cap Fund * Aditya Birla Sun Life Mfg Equity Fund * Aditya Birla Sun Life Tax Relief 96 * 360 One Focused Equity Fund - Growth * Mirae Asset Emerging Bluechip Fund - Growth * Quant Tax Plan * Axis Bluechip fund * Canara Robeco Emerging Equities * Canara Robeco Equity Tax Saver * HDFC Gold Trader Fund Growth - Direct * HDFC Tax saver ICICI Prudential Technology Fund – Growth
Ans: You've built a diversified portfolio over the years, showcasing a thoughtful approach to long-term wealth creation. It's commendable how you've spread your investments across different market segments and themes.

To reach your target corpus of Rs 5 crore in 20 years with a monthly investment of Rs 50,000, it's essential to periodically review and adjust your portfolio. Consider rebalancing to ensure alignment with your goals and market conditions.

While your current portfolio includes a mix of equity, tax-saving, and thematic funds, consider adding diversified options to enhance portfolio resilience. Focus on funds with strong track records, experienced fund managers, and consistent performance.

As market dynamics evolve, keep an eye on new investment opportunities and emerging sectors. Stay informed and open to adjustments to optimize your portfolio for long-term growth and stability.

Remember, investing is a journey, and it's essential to stay patient, disciplined, and focused on your goals. With prudent planning and regular review, you're well-positioned to achieve your financial aspirations. Keep up the good work!

...Read more

Mayank

Mayank Chandel  |497 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on May 05, 2024

Asked by Anonymous - Apr 09, 2024Hindi
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My daughter wants to pursue MBBS ,how can I get admission in AFMC pune
Ans: Hello Sir/Madam
Age: Candidates must be at least 17 years old and not more than 24 years old as of 31st December of the year of admission.

NEET UG Examination: Admission to AFMC Pune is through the NEET UG (National Eligibility cum Entrance Test for Undergraduate) examination conducted by the National Testing Agency (NTA). Candidates must appear for NEET UG and qualify with the minimum required percentile.

Online Registration: After the NEET UG results are declared, candidates who have qualified for NEET UG and meet the eligibility criteria for AFMC Pune need to register online on the official website of AFMC.

Screening Process: Shortlisted candidates are called for a screening process at AFMC Pune, which includes a written test, aptitude test, and interview. The written test assesses the candidate's scientific knowledge, the aptitude test evaluates the candidate's officer-like qualities, and the interview assesses the candidate's personality and suitability for a career in the Armed Forces.

Final Merit List: Based on the performance in the NEET UG examination, screening process, and other criteria, a final merit list is prepared for admission to AFMC Pune.

Medical Examination: Candidates who are selected based on the final merit list undergo a medical examination to ensure they meet the medical standards required by the Armed Forces.

Admission and Training: Selected candidates are admitted to AFMC Pune for the MBBS program and undergo training to become medical officers in the Armed Forces.

...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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