Hello everyone... I'm CMA final student and I'm very depressed the institute and the course is becoming joke day by day, the demand is reducing too. After passing inter both group in 1st attempt I was shocked that I couldn't get any internship anywhere not even my profile was considered for interview. At first I thought that may be it's happening because of corona because I passed in December 2020 term but after waiting for 2 years still I don't get any chance now I'm very insecure about my future career even I pass will I be able to secure any job..I don't whether u should continue or not.... please guide me what should I do l..is there any course I can do now btw my age 23 so it's not like I'm so young or I still have so much time.

Ans: Actuarial has a good career prospect in India. But it is not based on Math but Statistics. Check if your daughter is interested in Stats and then decide. NMIMS has a graduation course in Actuarial.

Ans: the media described it as virus and made a hype of it. People across nations are driven by media now-a-days and this panic of lock-down or covid like situation pushed markets to fall.

Ans: It is just a short term adjustment as the fundamentals have not changed so far. Zomato as a business model is doing great in numbers, there upcoming results will clear this froth.

Ans: these are temporary unless the fundamentals changes. Long term investors should ignore such things and use this as an opprtunity to add more quantity.

Ans: Dear Anonymous,
Separation at any age is a very strained and emotionally draining activity. When you are younger, there is a lot of stakes on the ground which includes taking into consideration compatibility issues and then scope for considering separation for the sake of each others' sanity and for the sake of the children as well...
When you are older, usually these differences pale into the background and a general level of acceptance sets in with each partner either understanding the other or doing their own set of things without much involvement from the other. This seems wise at this age as there is a partner around you and loneliness is kept at bay and even if the two of you don't see eye to eye, at least there is another person in the house with you. Now, you may argue on this and say that it's better off without the other person as you and she have nothing in common. But you are right in thinking about whether it's necessary to go through this at your age.
You might want to think about the 'what' after that and how things will be different and if you and your wife are ready to take on a challenge like this.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Dear Sir/ Madam,

Gratuity is applicable after 5 years. So in your case yes. Just check if your company has the gratuity policy. During the exit, HR will help with the gratuity withdrawal forms which you can fill and submit.

Hope this helps

Thanks
Ashwini

Ans: Dear Sir/ Madam,

Go well prepared for your interview
Know the Job description and company profile to the T
Dress well- Formals completely
Take care of your personal hygiene
Smell good
Listen to the interview before you speak. Do not interrupt
Smile and show case confidence
Just be yourself

All the best

Thanks
Ashwini

Ans: Your financial discipline is commendable. Below is a detailed analysis of your current portfolio, along with recommendations for improvement.

Income and Savings Overview
Your take-home salary of Rs. 1.05 lakh/month allows for significant savings potential.

Superannuation, PF, and VPF contributions total nearly Rs. 71,300 monthly.

Annual NPS contributions of Rs. 60,000 provide additional retirement savings.

Insurance Coverage
The Jeevan Anand policy offers Rs. 5 lakh coverage, which is insufficient for your family.

You lack term insurance, which is crucial as the primary breadwinner.

Relying solely on corporate health insurance is risky for your family’s medical needs.

Current Investments
EPFO balance of Rs. 48 lakh is a strong retirement foundation.

Postal savings (RD/NSC/PPF/SSA) total Rs. 12 lakh, but they lack growth potential.

Contributions to PPF and SSA are beneficial but need complementary growth instruments.

No exposure to equities limits the wealth-building capacity of your portfolio.

Expense Management
Monthly expenses of Rs. 30,000-40,000 are well within your income limits.

Future expenses for children’s education and parental care must be considered.

Analysis of Future Financial Sufficiency
Retirement Goal

If you work until 55, your current savings pattern may need augmentation.
Inflation and rising medical costs will require a larger retirement corpus.
Children’s Education and Marriage

Expenses for higher education and weddings will significantly impact your corpus.
Parental Care

Senior citizen healthcare costs can be unpredictable and expensive.
Recommendations for Improvement
Increase Insurance Coverage
Opt for a term insurance policy of at least Rs. 1 crore.

Secure a family health insurance plan with adequate coverage.

Diversify Investments
Add equity exposure through actively managed mutual funds.

Allocate around 25% of savings to equity mutual funds for higher growth.

Continue PPF and SSA contributions, but limit postal savings to maintain liquidity.

Optimise Retirement Savings
Review NPS allocation to ensure a balanced equity and debt mix.

Increase contributions to NPS for tax benefits and long-term growth.

Reduce over-reliance on VPF and add growth instruments like mutual funds.

Plan for Long-Term Goals
Estimate future costs for children’s education and create a targeted investment plan.

Use a combination of equity and debt funds to balance risk and returns.

Emergency Fund Creation
Maintain 6-12 months’ expenses in a liquid fund or savings account.

This will provide financial security during unforeseen circumstances.

Tax Efficiency
Review your investments annually to optimise tax savings.

Use Section 80C, 80D, and NPS tax benefits effectively.

Final Insights
Your financial discipline and savings pattern are excellent. However, diversification and better planning are essential.

Focus on increasing insurance coverage, adding growth instruments, and planning for future milestones.

With these adjustments, you can comfortably achieve your goals and sustain your lifestyle.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: As an RRB clerk, your retirement benefits depend on government norms and organisational policies. Let’s analyse your future pension prospects and how to prepare for a financially secure retirement.

Government Pension System
New Pension System (NPS): Government employees recruited after 2004 are under the NPS.

Contribution System: You and your employer contribute to your NPS account.

Pension Payout: The final pension depends on accumulated corpus and annuity rates.

Estimating Your Pension Amount
Accumulated Corpus: Regular contributions from your salary build the corpus.

Annuity Purchase: At retirement, 40% of the corpus is used to buy an annuity.

Pension Amount: The annuity provides monthly pension based on selected annuity plans.

Inflation Impact: Future pension value depends on inflation-adjusted returns.

Supplementing Your Pension
Relying solely on the NPS might not suffice. You need parallel investments for added security.

1. Systematic Investment Plans (SIPs)
Invest monthly in mutual funds to create an additional retirement corpus.

Choose equity-oriented funds for long-term wealth creation.

Hybrid and debt funds can offer stability closer to retirement.

2. Voluntary Contributions to NPS
Contribute beyond mandatory deductions to build a larger corpus.

These voluntary contributions can provide additional retirement income.

3. Building a Diversified Portfolio
Diversify across equity, hybrid, and debt mutual funds for balanced growth.

Avoid relying on low-return options like fixed deposits.

Use professionally managed funds for better returns than index funds.

Managing Tax Liabilities
NPS Taxation: Withdrawals are partially taxable at maturity.

Mutual Fund Taxation: Equity funds have LTCG taxed at 12.5% beyond Rs. 1.25 lakh.

Plan withdrawals and redemptions to optimise post-retirement cash flow.

Role of Regular Funds vs Direct Funds
Direct Funds: Require expertise and time to manage efficiently.

Regular Funds: MFDs and CFPs provide tailored advice and ongoing support.

Regular funds help align investments with your retirement goals.

Other Financial Considerations
1. Emergency Fund
Maintain a reserve for unexpected expenses, covering 6-12 months of needs.

Use liquid funds for accessibility and minimal risk.

2. Health Insurance
Ensure you have adequate health coverage for medical emergencies.

Avoid investment-linked insurance like ULIPs and endowment plans.

A separate term plan can protect your family’s financial future.

3. Retirement Age and Inflation
Plan for retirement expenses adjusted for inflation.

Aim to build a corpus that sustains your lifestyle for 25-30 years.

Step-by-Step Action Plan
Assess Current NPS Account: Check your contribution and employer’s contribution.

Start SIPs Immediately: Begin with Rs. 10,000 per month and increase annually by 10%.

Allocate Across Funds: Use a mix of equity, hybrid, and debt funds.

Enhance Voluntary NPS Contributions: Contribute more whenever possible.

Review Portfolio Semi-Annually: Adjust based on performance and retirement goals.

Consult a Certified Financial Planner: For regular fund investments and portfolio alignment.

Finally
Planning early ensures a comfortable retirement and peace of mind. Combine your NPS benefits with mutual fund investments to achieve a secure future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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