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Prof Suvasish Mukhopadhyay  |1560 Answers  |Ask -

Career Counsellor - Answered on Jun 13, 2025

Professor Suvasish Mukhopadhyay, fondly known as ‘happiness guru’, is a mentor and author with 33 years of teaching experience.
He has guided and motivated graduate and postgraduate students in science and technology to choose the right course and excel in their careers.
Professor Suvasish has authored 47 books and counselled thousands of students and individuals about tackling challenges in their careers and relationships in his three-decade-long professional journey.... more
charan Question by charan on Jun 13, 2025
Career

Sir..my son got cse in PSG college of technology (coimbatore) and got cse in Manipal (Bangalore). please suggest me which one to choose.

Ans: For Computer Science Engineering, PSG College of Technology (Coimbatore) and Manipal Institute of Technology (Bangalore) are both good options, but PSG Tech is generally preferred for placements in CSE. However, Manipal is considered more global and might be a better choice if your son plans to pursue studies or work abroad. Ultimately, the best choice depends on your son's priorities and career goals.
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Janak

Janak Patel  |52 Answers  |Ask -

MF, PF Expert - Answered on Jun 23, 2025

Money
I am going to retire and get 1 cr..I have a house to stay and no other investments.how to plan my money.i am survived with wife
Ans: Hi Lakkara,

Retirement is a long period of time of approx. 20 years. During this period as you may not have any income, the corpus you have needs to fulfill your monthly expenses.

The plan of utilizing your 1 crore corpus for retirement plan depends on multiple factors - monthly expenses, risk profile and other requirements.
For now I will assume, your risk as moderate and there are no other requirements.

So here's what you need to do (assuming monthly expenses of 60K).
1. Calculate your expenses (monthly/annually) e.g. @50k per month expenses, annual expenses = 6 lacs.
2. Calculate you annual expenses for the next 4 years (you can use inflation e.g. 6% increase each year). e.g. Year 2 exp is 6*1.06=6.36L, Yr3=6.74L, Y4=7.15L, Y5=7.57L
3. Calculate annual expenses for the remaining years also in same manner e.g. Y6 = 8.03L, etc.
Divide your Corpus into 3 buckets.
Bucket 1 - your savings account - keep 1 year expenses in it and withdraw for monthly expenses.

Bucket 2 - Fixed Deposits - Keep next 4 years expenses in FDs that will earn same as rate of inflation i.e. 6%. Ensure you have FD's maturing each year for the annual expenses calculated above. Match maturity amount with calculated expenses above. So a total of 24L will be invested FDs, 6L for every year's expenses.

Bucket 3 - Hybrid Mutual funds - Keep the remaining amount e.g. 1Cr - 30L = 70 Lacs in a Hybrid Mutual fund like HDFC Balance Advantage fund. These funds have a combination of Debt and Equity investments. They provide some growth to the amount you invest and also cushion the down times in the market. After 2 years, from this fund, you can plan to withdraw your annual expenses for that year e.g. Y3 (Y3 = 6.74L), and invest it in an FD with maturity of 3 years (giving you Y6 exp = 8.03L).
Repeat this withdrawal from MF (for amount that same as that years expenses and Investment into FD for maturity of 3 years.

In this way if the MF gives a return of 10% (or above), you will have covered your annual expenses and still have a corpus of over 45L with you at the end of 20 years.

So what's important for you to do it calculate your monthly expenses and if it matches the numbers I have assumed above, you will be fine for a comfortable retirement life. So it all depends on your monthly expenses and other factors for the plan.

You can consult a CFP for a more comprehensive retirement plan based on your requirements.

Thanks & Regards
Janak Patel
Certified Financial Planner.

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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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