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Patrick Dsouza  |679 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on May 16, 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
Swarnasai Question by Swarnasai on May 07, 2024Hindi

Hello sir... Currently I am pursuing MBA final semester. And complete my B.SC DEGREE planning to go abroad further. Would you recommend me any course which are related to my past education

Ans: If you are planning to go abroad, then research about the university you plan to go to and what do they focus on during admission. Some of the colleges abroad focus on extra curricular activities and have extra weightage for the same. Some European colleges prefer students who know their native language like German, French, etc. So based on the college you plan to apply to you can decide what to do - take language courses, work in NGO or pursue some other extra curricular activity or do some technical course related to your field.

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Latest Questions

Ramalingam Kalirajan  |5305 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Hello, I am 45 and I earn 1.5 lacs per month after Tax and Mandatory PF deduction. I have no Loan EMI and never took any loan in my life. I have 68 lacs in provident Fund, 8.5 lacs in PPF, 17 lacs in Bank FD, 55 lacs of a home, 50 lacs of land, 90 lacs in Equity and MF investments (with 1.20 Cr current value), 10 lacs investments in LIC/other insurances, and 10 lacs of cash. I am planning to retire at 50. Kindly guide me how to reach 3 Crore Corpus Savings/liquid fund or 1 lac earnings every month after age 50 in the best possible way?
Ans: Evaluating Your Current Financial Situation
You have a well-diversified portfolio and good income. Planning for retirement at 50 is a great goal. Let's analyze your assets and create a strategy.

Current Assets Overview
Provident Fund (PF): Rs. 68 lakh
Public Provident Fund (PPF): Rs. 8.5 lakh
Bank Fixed Deposit (FD): Rs. 17 lakh
Home: Rs. 55 lakh
Land: Rs. 50 lakh
Equity and Mutual Funds: Rs. 1.2 crore
LIC and Other Insurances: Rs. 10 lakh
Cash: Rs. 10 lakh
Monthly Income and Expenses
Monthly Income: Rs. 1.5 lakh
Expenses: Not specified, assume moderate living expenses.
Retirement Goals
Corpus of Rs. 3 crore by age 50
Monthly Income of Rs. 1 lakh post-retirement
Step 1: Analyzing Current Investments
Your current investments are strong. Here’s how to optimize them:

Provident Fund and PPF: Stable and safe, continue as they are.
Bank FD: Consider moving part to higher-yield investments.
Equity and Mutual Funds: Good growth, continue SIPs and increase contributions.
Step 2: Targeting Rs. 3 Crore Corpus
Increase Equity Investments
Higher Returns: Equity investments yield higher returns over time.
Diversify: Continue SIPs in diversified and sectoral funds.
Regular Review: Adjust based on market performance.
Move Some FD to Mutual Funds
Better Returns: Mutual funds offer higher returns than FDs.
Balanced Approach: Consider hybrid funds for a mix of equity and debt.
Step 3: Ensuring Monthly Income of Rs. 1 Lakh
Invest in Annuity Plans and SWPs
Systematic Withdrawal Plans (SWPs): From mutual funds for regular income.
Annuity Plans: For guaranteed income, though not recommended as primary.
Build a Dividend Portfolio
Dividend Yield Stocks: Invest in companies with a good dividend record.
Regular Income: Provides a steady cash flow.
Step 4: Emergency Fund and Insurance
Maintain Liquidity
Emergency Fund: Keep Rs. 10 lakh or more as a buffer.
Insurance: Adequate life and health coverage.
Step 5: Review and Adjust Annually
Annual Review: Check performance and adjust as needed.
Rebalance Portfolio: Ensure the right mix of equity and debt.
Final Insights
To reach a Rs. 3 crore corpus by 50 and ensure Rs. 1 lakh monthly income:

Increase equity investments.
Move some FD to mutual funds.
Invest in dividend stocks and SWPs.
Maintain a strong emergency fund and insurance.
Review and adjust your portfolio annually.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more


Ramalingam Kalirajan  |5305 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Hi, I am 37 years and having a income of 1 lakh. My household expense is manged by husband. Having home loan - 40k monthly (13years) Personal exp - 15k monthly Equity - invested 3.5 lakhs ( now 5 lakhs) Started mutual funds last year for 5k SIP in quant small cap (2 lakhs) 2 LIC - sum insured 5 lakhs (one ll mature in 2026 , where should I reinvest or should I use to repay home loan) 1 sip in max ulip of 5k - for kid education (for 5 years , matured after 15 years) 1 sbi ulip - 40k ( annually) Where should I invest to get corpus of atleast 2 cr in next 10 years
Ans: Your income is Rs. 1 lakh per month.

Your monthly expenses include a home loan EMI of Rs. 40k and personal expenses of Rs. 15k.

Your equity investment has grown from Rs. 3.5 lakhs to Rs. 5 lakhs.

You have a SIP in a small-cap mutual fund and other investments.

Evaluating Current Investments

Your small-cap SIP is a good start. Small-cap funds have high growth potential.

Your LIC policies provide insurance coverage. One matures in 2026.

Your ULIP for your child's education is a long-term investment. It matures in 15 years.

Investment Strategy for 2 Crores in 10 Years

To achieve a corpus of Rs. 2 crores in 10 years, you need a disciplined approach.

Diversification of SIPs
Large-Cap Funds

Invest in stable, large companies.
These funds offer steady growth.
Mid-Cap Funds

Invest in medium-sized companies.
These funds provide balanced growth.
Flexi-Cap Funds

Invest across different market capitalizations.
These funds offer diversification.
Balanced Advantage Funds

Mix of equity and debt.
These funds balance risk and returns.
Increase SIP Contributions
Consider increasing your SIP contributions.

A higher SIP amount will help you reach your goal faster.

Reinvestment of LIC Maturity
When your LIC matures in 2026, reinvest the maturity amount.

Consider allocating it to equity mutual funds for higher growth.

You can also use a part of it to prepay your home loan.

Evaluate and Adjust ULIPs
Your ULIP for your child's education is long-term.

Review its performance regularly.

Consider switching to mutual funds if returns are not satisfactory.

Avoid ULIPs with high charges and low returns.

Emergency Fund
Maintain an emergency fund.

Keep at least 6 months of expenses in a liquid fund.

Insurance Coverage
Ensure adequate insurance coverage.

Review your term insurance and health insurance.

Consider increasing your coverage if needed.

Professional Guidance
Consult a Certified Financial Planner.

They can help you design a personalized investment strategy.

Regular reviews and adjustments are crucial for achieving your goals.

Final Insights
A disciplined investment approach can help you achieve Rs. 2 crores in 10 years.

Diversify your SIPs and increase contributions.

Reinvest your LIC maturity amount wisely.

Regularly review your ULIPs and consider switching to mutual funds.

Maintain an emergency fund and ensure adequate insurance coverage.

Seek professional guidance for a tailored investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner


...Read more


Ramalingam Kalirajan  |5305 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Hello, I am a businessman and now im 38 years. My monthly income is around 100000/- approx but not fixed for every months since im from events industry. This year I have taken home loan of 42 lakhs for 30 years ( 2024 ) and current emi is 33000/- and additionally I have to pay approx 1.5 Lakhs in every 4 months till 2025 end. And car loan emi is 18000/- and duration left approx june 2028 and misc loan of 15000/- left for 2 years. My goal is to get 2 crore at the age of 55 and to enjoy loan free life. Can you please suggest me how to achive my goal. Thank you.
Ans: Current Financial Situation
1. Income and Loans:

Monthly income: Rs 1,00,000 (variable).
Home loan EMI: Rs 33,000 for 30 years (starting 2024).
Additional home loan payment: Rs 1.5 lakhs every 4 months until 2025 end.
Car loan EMI: Rs 18,000 until June 2028.
Miscellaneous loan EMI: Rs 15,000 for 2 years.
Financial Goals
1. Debt-Free Life:

Clear all loans by 55.
Reduce financial burden and stress.
2. Savings Goal:

Accumulate Rs 2 crore by age 55.
Secure a comfortable future.
Strategies to Achieve Your Goals
1. Debt Management:

Prioritize clearing high-interest loans.
Focus on repaying the miscellaneous loan first (Rs 15,000 EMI for 2 years).
2. Optimize Loan Repayments:

Pay extra towards the principal of the home loan when possible.
Consider making additional lump-sum payments to reduce the loan tenure.
3. Investment Plan:

Start a disciplined investment plan.
Invest a portion of your income regularly in diversified mutual funds.
Detailed Investment Strategy
1. Emergency Fund:

Keep 6 months' worth of expenses in a liquid fund.
Ensure financial stability during income fluctuations.
2. Systematic Investment Plan (SIP):

Invest in diversified equity mutual funds.
Consider actively managed funds for higher returns.
Start SIPs with any surplus after meeting loan EMIs and expenses.
3. Long-Term Investments:

Invest in equity mutual funds for long-term growth.
Choose funds with a strong track record and professional management.
Investment Amount and Expected Returns
1. Monthly SIP Contributions:

Allocate Rs 20,000 to Rs 30,000 for SIPs.
Increase SIP amount as income grows or debts reduce.
2. Expected Returns:

Equity mutual funds can yield 10-12% annual returns over the long term.
Reinvest the returns for compounding benefits.
Additional Tips
1. Regular Review:

Review your investment portfolio annually.
Adjust investments based on performance and goals.
2. Professional Advice:

Consult a Certified Financial Planner (CFP) for personalized advice.
Ensure your investment strategy aligns with your risk tolerance.
3. Tax Planning:

Use tax-saving instruments like ELSS mutual funds.
Optimize your tax liability to increase investable surplus.
Final Insights
To achieve your goal of Rs 2 crore and a loan-free life by 55, focus on disciplined investing and strategic debt repayment. Regularly review your financial plan and seek professional advice to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,


...Read more


Ramalingam Kalirajan  |5305 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Hlw SIr Good evening I want to know about Reits.. Real Estate investment. Plz guide me of how much min investment I will make.
Ans: REITs are companies owning income-producing real estate.
They allow individual investors to earn dividends without buying, managing, or financing properties.
Advantages of REITs

Liquidity: Easily bought and sold on stock exchanges.
Diversification: Invest in different property types and locations.
Regular Income: Dividends from rental income.
Professional Management: Managed by professionals ensuring efficiency.
Minimum Investment

Varies: Depends on the specific REIT and platform.
General Range: Can start with as low as Rs 5,000 to Rs 50,000.
Disadvantages of REITs

Market Risk: Subject to market volatility like stocks.
Fees: Management and transaction fees can reduce returns.
Dividend Tax: Dividends are taxable, affecting net returns.
How to Invest in REITs
Through Stock Exchanges

Listed REITs: Available on stock exchanges.
Process: Similar to buying stocks; use a demat account.
Mutual Funds

REIT Mutual Funds: Funds that invest in REITs.
Benefit: Professional management and diversification.
Tips for Investing in REITs

Research: Understand the REIT's portfolio, performance, and management.
Diversify: Don't invest all in one REIT; diversify across sectors and regions.
Long-Term Perspective: Hold investments for a longer period for potential growth.
Alternatives to Direct REIT Investment
Actively Managed Funds

Flexibility: Fund managers can adapt to market changes.
Potential for Higher Returns: Aim to outperform index funds.
Regular Mutual Funds

Guidance: Investment through Certified Financial Planners ensures professional advice.
Convenience: Easier management and oversight.
Final Insights
Start Small: Begin with a manageable amount and increase gradually.
Monitor Regularly: Keep an eye on market trends and performance.
Consult a CFP: Seek advice from a Certified Financial Planner for tailored guidance.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more


Ramalingam Kalirajan  |5305 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Hi, I have 43L and I'm planning to buy a flat worth 1.4Cr. It is due completion in 2029. So I can either put in more now or at the end. I have decided to do below. Pay 10% since it's compulsion, now I have 30lacks with me. My biggest advantage now is time. So I have invested lumpsum of 20L in PPFAS Flexi cap and 10L in HDFC Balanced Fund. I have a loan sanctioned of remaining amount 1.2Cr. My question is, in 5yrs time, should I use 87L from loan and use whatever I get from these MF's or should I stay invested in MF's and use full loan amount of 1.2cr instead? My plan was to pump in additional 30k per month if I use only 87L from loan as my EMI would be less and 8-10yrs down the line, I can apply for PreClosure. What's the best way forward? Use full loan amount and pay higher emi and keep my 30L in MF intact or use partial loan amount, pump in additional sip and utilize what I get to foreclosure of loan? Other details, 30M, Monthly Exp around 50k. I am investing 35k in SIP, 50k for various plans, ULIP, insurance ROP, Assured returns etc. I consider these as debt instruments in my investments. End goal is to save enough for retirement and an additional real estate asset worth 1.5cr before retiring.
Ans: You have Rs 43 lakhs and plan to buy a flat worth Rs 1.4 crores due for completion in 2029. Here's an analysis of your options:

Current Investment Plan
1. Initial Payment:

Paid 10% (Rs 14 lakhs) upfront.
Remaining Rs 30 lakhs available.
2. Investment Allocation:

Rs 20 lakhs in PPFAS Flexi Cap Fund.
Rs 10 lakhs in HDFC Balanced Fund.
3. Loan Details:

Sanctioned loan amount: Rs 1.2 crores.
Option 1: Partial Loan and Additional SIP
1. Plan:

Use Rs 87 lakhs from the loan.
Use returns from mutual funds for the rest.
Pump in an additional Rs 30k per month as SIP.
2. Benefits:

Lower EMI, making it easier to manage monthly expenses.
Ability to invest more monthly, enhancing wealth creation.
Option to pre-close the loan in 8-10 years.
3. Considerations:

Assess the expected returns from mutual funds.
Ensure the investments outperform the loan interest rate.
Option 2: Full Loan Amount
1. Plan:

Use the full Rs 1.2 crores loan.
Keep the Rs 30 lakhs in mutual funds.
2. Benefits:

Larger loan amount may offer tax benefits.
Investments remain intact and grow over time.
Flexibility to use investment returns for other goals.
3. Considerations:

Higher EMI impacts monthly cash flow.
Loan tenure may be longer, increasing interest paid.
Comparative Analysis
1. Loan Interest vs. Investment Returns:

Compare the loan interest rate with the expected returns from mutual funds.
If mutual fund returns are higher, keeping investments intact might be beneficial.
2. Monthly Cash Flow:

Evaluate your ability to manage higher EMIs.
Consider the impact on your overall financial stability.
3. Pre-closure Option:

With lower EMIs, pre-closure of the loan becomes feasible.
Additional SIP investments can create a pre-closure fund.
1. Balanced Approach:

Use a mix of both options.
Opt for a partial loan and keep some investments intact.
2. Regular Review:

Monitor your mutual fund performance regularly.
Adjust investments and loan repayments based on market conditions.
3. Financial Goals:

Align your investments with long-term goals like retirement.
Diversify your portfolio to balance risk and returns.
Final Insights
Considering your goals, a balanced approach of partial loan and maintaining investments is optimal. Regularly review and adjust based on performance and market conditions.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,


...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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