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Geeta Ratra |132 Answers |Ask -Follow

Visas, Study Abroad Expert - Answered on Aug 09, 2023

Geeta Ratra has been an immigration expert for more than two decades and has strong knowledge of international immigration policies and procedures. She is vice president, operations, at Abhinav Immigration Services. Besides visa and immigration services, they also provide study abroad advice that includes application assistance, counselling and university shortlisting.... more

Asked by Anonymous - Aug 08, 2023Hindi

Career

HEY Hi Geeta !! My Daughter is finishing her B Tech Artificial Intelligence and Data Science ( Last year ) , she would like to pursue MS in Michigan University - Michigan USA , please guide the way ahead to secure an admission

Ans: Hi
To pursue a master's degree in Michigan, the available intake is September 2024, and the application deadline for the same intake is January 15th, 2024. The application process will begin in November 2023, and the IELTS academic requirement is 7 band, the academic percentage requirement is 75% or higher, the GRE score required is 350, and extracurricular activities are required. There are various consultants who can help you otherwise you can always refer to the university page for further information.

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Sushil Sukhwani |365 Answers |Ask -Follow

Study Abroad Expert - Answered on Sep 11, 2023

Asked by Anonymous - Sep 10, 2023Hindi

Career

Deat Sir, I am 2nd year B.Tech student (Computer Science) and would like to persue MS either in UK or US. I Dont have any knowledge about the right process. Can you please guide me how should i prepare for the same?

Ans: Hello,

First and foremost, thank you for contacting us. An important move in your academic and professional journey involves preparing to pursue an MS in Computer Science in the UK or the US. For the same, careful planning and preparation is crucial. The process involves the below mentioned steps:

1. Study available options: The first step involves conducting a thorough research on universities and courses offered in both the UK and the US. Take into account each program’s standing, the location, expense, and particular research fields or specialties you are interested in.

2. Academic Readiness: Ensure you have a good academic record. Maintain a high grade point average (GPA) and enroll in specialized courses in your preferred field.

3. Appear for Standardized Tests: English proficiency tests like the TOEFL or IELTS are often required for admission to universities in the UK. On the other hand, the GRE is required by majority of the universities in USA. Look into the unique criteria of your programs’ of interest.

4. Statement of Purpose/Personal Statement: Compose a convincing SOP that highlights your academic and professional ambitions, your reasons for wanting to pursue an MS, and your interest in the said course and university.

5. Recommendation Letters: LoRs are of prime importance in the application process. You will need to submit letters of recommendation from professors who can attest to your intellectual prowess and character.

6. Curriculum Vitae/Resume: Make a strong CV outlining your academic accomplishments, research expertise, apprenticeships, and any pertinent projects or publications you’ve submitted.

7. Plans your Finances: Look into the finance possibilities, scholarships, and opportunities for assistantship. International students studying in both, the UK and the US are offered scholarships.

8. Submission Deadlines: Each university has different deadlines, keep tabs on application deadlines for the programs of your choosing.

9. Visa Prerequisites: Familiarize yourself with the visa requirements to study in the UK or US. The application process for each country is unique, and you will require to apply for a student visa.

10. Prepare for Interviews (if necessary): As part of the application process, certain programs may require students to appear for interviews. Prepare for the same by evaluating your application documents and practicing your answers to such inquiries.

11. Submit your Applications: Via the official websites of the universities or through the application portals, submit your applications. Take note of all the necessary documents and costs.

On receiving admission offers, the next step involves preparing to migrate. As part of this, you should find accommodation, organize your funds, and get the required immunizations or medical exams done. Plan your travel beforehand, and on arrival, attend the orientation program held by the university. Prepare yourself for both academic and cultural adaptations. For assistance, consult academic counselors and avail international student services. Start socializing with other students and professors early. Search for internship openings that match your professional objectives.

The application process being cut-throat, you will need to begin well in advance and work hard on every part of your application. In addition, consult professors, mentors, and former students who have already undergone the procedure. All the very best for your MS journey!

For more information, you can visit our website.

Sushil Sukhwani |365 Answers |Ask -Follow

Study Abroad Expert - Answered on Sep 26, 2023

Asked by Anonymous - Sep 25, 2023Hindi

Career

I want to send my daughter to study MS inUSA. She completed her BSc in Mysore university with 7.9 GPA. main subjects are Physics, Mathematics, computer science. She like Computer Science and secure more than 8.5 in all semesters. Now decided to do MCA . in karnataka. whether she able to get seat fr MS in abroad after her MCA or which coarse she must do to get seat.. pls suggest

Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is currently pursuing her Master’s in Computer Applications in Karnataka, after which you wish to send her to the USA to pursue a Master’s degree there. I would like to inform you that your daughter stands a decent chance of securing a seat for an MS program in the United States on completing her Master’s in Computer Applications. As the first step, I recommend that your daughter conducts an extensive study and choose American universities offering Computer Science Master’s programs. Your daughter should take into consideration her educational and research pursuits and opt for those universities that best match with those interests. She could further enhance her changes of securing admission to a good Master’s program. For that, I recommend her to enrol in pertinent programs in Computer Science while still pursuing her MCA (Master’s in Computer Applications). Furthermore, to showcase her passion and abilities in the field of her choosing, I strongly believe that she should start interning at companies or be a part of research initiatives. Foreign students wishing to enrol in Master’s programs at universities in the USA are required to appear for standardized exams viz., the GRE. To increase her chances of getting accepted to these programs, I recommend that your daughter should study well as well as try to achieve high scores in the exam. As part of the application process, foreign universities also require international students to prove their English speaking abilities. This can be achieved through appearing for English proficiency tests viz., the IELTS or TOEFL. I suggest that your daughter prepares for and appears for these tests in order to fulfill the linguistic prerequisites set forth by these universities.

Your daughter will need to submit important documents including a compelling Statement of Purpose and Recommendation Letters from faculty members who can attest to her academic capabilities and character. Submitting these, I believe could possibly boost her application thereby making her a perfect fit for the Master’s degree in Computer Science or any other associated discipline. In addition, she may also need to appear for interviews which is part of the process of applying to certain universities. I suggest that she prepares well for the same by researching common interview questions and planning her responses to those queries. Although studying overseas is a costly affair, multiple grants, scholarships, and financial aid opportunities are offered by universities to international students. Your daughter should look into the available options. I recommend that you constantly check the admission prerequisites and application deadlines of each university as they vary. On receiving a Letter of Acceptance from the university applied to, your daughter will then need to obtain a valid student visa to study in the United States. She should apply for a F-1 visa. Familiarize yourself with the visa processes as well as the prerequisites.

Planning on sending your daughter to the USA for a Master’s degree is an excellent choice. However, keep in mind that securing admission to the same can be cut-throat, and for that reason I recommend that your daughter studies hard to achieve success.

For more information, you can visit our website.

Sushil Sukhwani |365 Answers |Ask -Follow

Study Abroad Expert - Answered on Oct 23, 2023

Asked by Anonymous - Oct 14, 2023Hindi

Career

My daughter will complete her B.Tech in CSE in May 2024. She is undergoing all possible guidance for Masters degree in Machine Learning in US. However the choice of college in US seems little tricky. Can you please suggest a few colleges for MS in machine learning in US?

Ans: Hello,

First and foremost, thank you for getting in touch with us. I am glad to hear that your daughter plans to pursue her Master’s degree in Machine Learning in the USA. As an answer to your query pertaining to a few colleges known for their robust MS programs in Machine Learning in the USA, I would recommend that your daughter takes into account and considers applying to these below mentioned colleges:

Massachusetts Institute of Technology (MIT), University of California, Los Angeles (UCLA), University of Texas at Austin, Stanford University, University of California, Berkeley, University of Illinois at Urbana-Champaign, University of California, San Diego (UCSD), Carnegie Mellon University, Georgia Institute of Technology, and University of Washington.

Remember, for students seeking a Master’s degree in Machine Learning, the aforementioned universities are highly regarded for the Computer Science and Machine Learning programs they offer. Not just that, a vast array of possibilities are also offered by them. In order for your daughter to find the one that best resonates with her educational as well as professional ambitions, I would recommend that she conducts a comprehensive study on the particular programs each individual university has to offer, the prerequisites for admission set forth by them, as well as the experience of the faculty members. Not just that, before finally making an informed choice, the university’s location, availability of scholarships and other forms of monetary assistance as well as the setting your daughter likes to study in should be taken into account by her.

For more information, you can visit our website.

Mayank Chandel |540 Answers |Ask -Follow

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

Asked by Anonymous - Apr 09, 2024Hindi

Career

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.

Patrick Dsouza |301 Answers |Ask -Follow

CAT, XAT, CMAT, CET Expert - Answered on Apr 29, 2024

Asked by Anonymous - Apr 28, 2024Hindi

Career

Hi, i am currently doing btech computer science from iit tirupati ,3rd year,i want to study ms in MIT,Stanford,UoB,caltech,how to get in,what i should prepare

Ans: Most of these courses would require GRE as an entrance test.
Usually the first step is to find the admission procedure for each of these colleges. Check the deadline and what is required. Also check the date when you have to submit the scores and then plan your preparation for the exams accordingly. Usually the US universities would have weightage for extra and co curricular activities. Check that out and get involved with those activities.

Latest Questions

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Question by Rajesh - May 28, 2024Hindi

Money

I have worked in India over 15 year and the company that I worked had deducted my PF from my salary and deposited in my PF account. 9 years back I left the job in India and relocated to Dubai. I didn't withdrew my PF and till certain period I was able to see my PF balance. Later I forgot about it and now when I try to login to my account, it doesnt allow me to login as my Aadhaar account was not linked to my PF account. I reached out to my employer and submitted all documents as suggested by my employer to activate my PF account and link my Aadhaar to my PF account . My question is, is it ok to keep my money in PF account until I turn 60/retirement age and withdraw the amount and take benefit of the pension fund. Or should I withdraw the amount now and invest it in FD or MF. I had not withdrawn my PF fund because I was aware that PF allow only 2/3rd of the PF fund to be withdrawn and 1 /3rd remain in the account under pension scheme that we receive as pension after retirement.

Ans: Your situation is quite common among professionals who have relocated abroad. It's great that you are considering your options wisely. Let's explore your options and see what might work best for you.

Understanding Your Provident Fund (PF)
Your Provident Fund (PF) is a long-term savings scheme to provide benefits during retirement. You have a significant amount accumulated from your years of service in India.

Keeping Money in PF Until Retirement
Leaving your money in the PF account until retirement has certain advantages.

Benefits of Keeping Money in PF
Safety and Security: PF is a government-backed scheme, offering high security.

Tax-Free Interest: Interest earned on PF is generally tax-free until withdrawal.

Regular Pension: Upon retirement, you will receive a regular pension from the Employees’ Pension Scheme (EPS).

Potential Drawbacks
Lower Liquidity: Funds are locked in until you reach retirement age, limiting access.

Inflation Impact: The fixed interest rate may not always keep pace with inflation.

Withdrawing PF and Investing Elsewhere
Alternatively, you can withdraw your PF and invest it in other instruments like Fixed Deposits (FD) or Mutual Funds (MF).

Benefits of Withdrawing and Investing
Higher Returns Potential: Mutual funds, especially equity funds, have the potential for higher returns.

Diversification: Investing in different instruments can spread and reduce risk.

Liquidity: Investments in mutual funds and FDs are more liquid, allowing easier access to funds.

Risks to Consider
Market Volatility: Equity mutual funds can be volatile and subject to market risks.

Tax Implications: Withdrawals from PF before 5 years of continuous service are taxable.

Evaluating Fixed Deposits (FD)
Fixed Deposits (FD) are a safe investment option but have their own pros and cons.

Benefits of FDs
Safety: FDs are low-risk and provide guaranteed returns.

Fixed Interest: You know exactly how much interest you will earn over the term.

Drawbacks of FDs
Lower Returns: FDs typically offer lower returns compared to equity mutual funds.

Taxable Interest: Interest earned on FDs is taxable, reducing net returns.

Evaluating Mutual Funds (MF)
Mutual funds can offer better returns, especially if you choose actively managed funds.

Benefits of Mutual Funds
Higher Returns Potential: Over the long term, mutual funds, especially equity funds, can provide substantial returns.

Professional Management: Fund managers handle investments, aiming to maximise returns.

Diversification: Mutual funds spread investments across various assets, reducing risk.

Disadvantages of Index Funds
Average Returns: Index funds mimic market indexes and provide average returns, which may not be optimal.

Lack of Flexibility: They cannot adapt to market changes like actively managed funds can.

Less Protection in Downturns: Index funds cannot avoid poorly performing sectors or stocks.

Choosing Between Direct and Regular Funds
When investing in mutual funds, it’s important to choose between direct funds and regular funds.

Disadvantages of Direct Funds
No Advisory Support: Direct funds lack guidance from a Certified Financial Planner (CFP).

Time-Consuming: Managing and choosing the right funds requires significant time and knowledge.

Higher Risk of Missteps: Without professional advice, the risk of making suboptimal choices increases.

Benefits of Regular Funds
Professional Guidance: Investing through a CFP provides expert advice tailored to your goals.

Regular Monitoring: A CFP regularly reviews your portfolio, making necessary adjustments.

Optimised Portfolio: CFPs ensure your investments align with your risk profile and goals.

Deciding the Best Course of Action
To decide whether to keep your PF or withdraw and invest, consider the following:

Personal Financial Goals
Time Horizon: If you have a long-term horizon, mutual funds might be suitable for higher returns.

Risk Tolerance: Assess your comfort level with market volatility and risks.

Financial Needs
Liquidity Needs: Consider if you need access to funds before retirement.

Tax Considerations: Evaluate the tax implications of withdrawing your PF and the tax benefits of other investments.

Conclusion
Deciding whether to keep your PF until retirement or withdraw and invest in other options depends on your financial goals, risk tolerance, and need for liquidity. Keeping your PF offers security and a regular pension, while withdrawing and investing in FDs or mutual funds could potentially offer higher returns. Consulting with a Certified Financial Planner can provide personalised guidance and help optimise your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Kanchan Rai |213 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on May 29, 2024

Question by DP - May 28, 2024Hindi

Relationship

I am 42 years old, working in a PSU bank for 11 years. I have my Mother at home who is 73 years and retired state govt. Officer. My Father passed away in 2013 just after I joined my job. He was a state govt. Officer. I am married and have one son 8.5 years old studying in class 4. My wife is working in state govt. She often leaves my home with our son and goes to her father's place which is just near to my house because of minor issues like any hot talk with me. She has no problem with my Mother. We had a love marriage and we dated for 13 years and in 2015 got married. I am a family bound guy but when wife leaves me, I and mostly my Mother falls into trouble due to all household works are to be done by her as I have minimum time in the morning to help her. Our maid left one months back. I am searching one but not getting. Last year I and my wife stayed apart for 9 months in total, not at a time but in two parts. I sent her lawyers letter 3 months back after she left me in January this year. She came back 2 months back and left again after one month. I really miss my son and wife when they are not with me. My Mother also miss her grandson and becomes hopeless. I can't find any solution to this. Please suggest what will I do. I have lots of pressure at workplace and not satisfied with my job too as bank has lots of problems these days. I think of leaving job to support my Mother. I will leave job surely if something odd happens to my Mother. My Father took 3 words from me before death to Look after Mother, to look after house and to look after the house belongings. Already I am unable to keep all 3 words properly. I feel guilty of myself. Please guide me about my career and family life.

Ans: Dear DP
Navigating your current situation requires a strategic approach that balances your professional and personal responsibilities. Communication is key. Have an open and calm conversation with your wife to understand her perspective and express your concerns without assigning blame. Counseling can be beneficial here, offering a neutral space to discuss underlying issues and improve your relationship dynamics.

Supporting your mother is equally important. While searching for a permanent solution for household help, consider temporary alternatives such as part-time assistance or community support services. Engage your mother in local senior activities to provide her with social interaction and support.

Addressing your job dissatisfaction is also crucial. Explore other roles within your bank or in other PSUs that match your skills but offer a less stressful environment. Professional development can open new career opportunities. Taking regular breaks, practicing mindfulness, and ensuring a work-life balance can help manage your stress levels.

By focusing on these areas—open communication with your wife, practical support for your mother, and exploring less stressful job options—you can work towards a more stable and fulfilling family and professional life.

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - May 27, 2024Hindi

Money

I am 33 yrs old female , husband 39 yrs old..We as a couple earn 3.5 lakhs after tax deduction... We a have a child 3 yrs old... We need retriment corpus of 20 crores... Plus for child education.. We have 1.5 crore savings... 0ne flat on loan and three plots. Kindly suggest investment plans...

Ans: Thank you for reaching out with your detailed query. It’s commendable that you’re planning for your future and your child's education. Let’s discuss the best strategies for achieving your goals.

Understanding Your Financial Goals
You and your husband have a combined post-tax income of Rs 3.5 lakhs per month. Your primary goals are a retirement corpus of Rs 20 crores and funding your child’s education. You currently have Rs 1.5 crores in savings, one flat on loan, and three plots.

Assessing Your Current Financial Situation
Your current savings and real estate investments are a strong foundation. However, for your goals, a diversified investment strategy is essential. We need to focus on equities and mutual funds to ensure growth.

Equity Investments
Equity investments are critical for long-term growth. They provide high returns over time, which can help achieve your retirement and education goals.

Benefits of Equity Investments
High Returns Potential: Equities have historically delivered superior returns compared to other asset classes.

Compounding Effect: Reinvesting earnings can significantly enhance wealth over time.

Inflation Hedge: Equities can protect against inflation better than other assets.

Risks of Equity Investments
Market Volatility: Equity markets can be volatile, with prices fluctuating widely in the short term.

Requires Monitoring: Equities need regular monitoring and strategic adjustments.

Higher Risk: With the potential for high returns comes higher risk.

Mutual Fund Investments
Mutual funds offer diversification and professional management, making them ideal for your long-term goals.

Benefits of Mutual Funds
Diversification: Mutual funds spread investments across various assets, reducing risk.

Professional Management: Fund managers with expertise handle investments, aiming to maximise returns.

Accessibility: They allow you to invest in a broad range of assets with smaller amounts of money.

Active vs Passive Funds
Let's focus on the benefits of actively managed funds over index funds.

Active Funds Benefits
Expert Management: Skilled managers can exploit market inefficiencies for better returns.

Flexibility: Fund managers can adapt strategies based on market conditions.

Potential for Higher Returns: Active funds often aim to outperform benchmarks, offering potential for greater returns.

Disadvantages of Index Funds
Lack of Flexibility: Index funds mimic a market index and cannot adjust to market changes.

Average Returns: They aim to match market returns, which might be lower than actively managed funds.

Less Protection in Downturns: Index funds cannot avoid poorly performing sectors or stocks.

Choosing Between Direct and Regular Funds
When investing in mutual funds, choosing between direct funds and regular funds is important.

Disadvantages of Direct Funds
No Advisory Support: Direct funds lack guidance from a Certified Financial Planner (CFP).

Time-Consuming: Managing and choosing the right funds requires significant time and knowledge.

Higher Risk of Missteps: Without professional advice, the risk of making suboptimal choices increases.

Benefits of Regular Funds
Professional Guidance: Investing through a CFP provides expert advice tailored to your goals.

Regular Monitoring: A CFP regularly reviews your portfolio, making necessary adjustments.

Optimised Portfolio: CFPs ensure your investments align with your risk profile and goals.

Building a Balanced Portfolio
For your goals, a balanced portfolio combining equity and mutual funds is ideal. This provides growth potential while managing risks.

Steps to Build a Portfolio
Assess Risk Tolerance: Understand how much risk you are comfortable with.

Diversify: Spread investments across different assets to reduce risk.

Allocate Assets Wisely: Determine the right mix of equity and mutual funds.

Regular Reviews: Periodically review and adjust your portfolio with a CFP's help.

Long-Term Investment Strategies
Investing for the long term requires discipline and a strategic approach. Here are some strategies to consider:

Systematic Investment Plan (SIP)
Regular Investment: Invest a fixed amount regularly in mutual funds.

Rupee Cost Averaging: It reduces the impact of market volatility over time.

Disciplined Approach: Encourages regular saving and investing habits.

Equity-Linked Savings Scheme (ELSS)
Tax Benefits: ELSS offers tax deductions under Section 80C.

Growth Potential: These schemes invest in equities, offering potential high returns.

Lock-In Period: ELSS funds have a mandatory three-year lock-in period.

Evaluating Fund Performance
Choosing the right mutual funds involves evaluating past performance and consistency.

Key Metrics to Consider
Historical Returns: Look at how the fund has performed over different periods.

Consistency: Evaluate the fund's performance consistency against its benchmark.

Fund Manager's Track Record: Consider the expertise and track record of the fund manager.

Monitoring and Rebalancing
Regular monitoring and rebalancing ensure your portfolio stays aligned with your goals.

Importance of Monitoring
Stay Aligned with Goals: Ensure your investments continue to meet your objectives.

Adjust for Market Changes: Adapt your strategy based on market conditions and personal circumstances.

Risk Management: Regular reviews help manage and mitigate risks.

Rebalancing Strategies
Periodic Rebalancing: Adjust your portfolio at regular intervals (e.g., annually).

Threshold Rebalancing: Rebalance when asset allocation deviates significantly from targets.

Combination Approach: Use both periodic and threshold strategies for optimal results.

Conclusion
Investing in equity and mutual funds for long-term goals like retirement and education is a wise decision. Balancing equity's growth potential with mutual funds' diversification and professional management will help you achieve your goals. Regularly reviewing and adjusting your portfolio with a Certified Financial Planner will ensure you stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Question by karthikeyan - May 29, 2024Hindi

Money

Hello Sir Very good morning Myself Karthikeyan.S from Hosur. Age 36 I would like to invest in both equity as well as MFs towards my long term goal of 10+ years ( 2 son's Children future education & my retirement life). Could u pls advise me how to invest and guide us.

Ans: Karthikeyan! I appreciate your interest in planning for your sons' education and your retirement. This shows foresight and responsibility. Let's explore the best approach for your long-term goals.

Understanding Your Goals
Your goals are to secure your sons' future education and your retirement. These goals have a horizon of 10+ years. This is a significant period allowing you to benefit from the potential growth in equity and mutual funds.

Equity Investments
Equity investments can provide high returns over the long term. They are suitable for achieving goals like funding education and retirement. However, equities come with higher risks and require a good understanding of market dynamics.

Benefits of Equity Investments
High Returns Potential: Over long periods, equities have historically outperformed other asset classes.

Compounding Effect: Reinvesting earnings can significantly enhance your returns over time.

Inflation Hedge: Equities tend to offer better protection against inflation compared to other asset classes.

Risks of Equity Investments
Market Volatility: Equity prices can fluctuate widely in the short term.

Requires Monitoring: Equities need regular monitoring and adjustments.

Higher Risk: The potential for high returns comes with higher risks.

Mutual Fund Investments
Mutual funds are excellent for diversification and professional management. They suit investors looking for long-term growth without the need to manage individual stocks.

Benefits of Mutual Funds
Diversification: Mutual funds spread investments across various assets, reducing risk.

Professional Management: Fund managers with expertise handle investments, aiming to maximise returns.

Accessibility: They allow you to invest in a broad range of assets with smaller amounts of money.

Active vs Passive Funds
In mutual funds, you have a choice between actively managed funds and index funds (passive funds). Let’s focus on the benefits of actively managed funds.

Active Funds Benefits
Expert Management: Skilled managers can exploit market inefficiencies for better returns.

Flexibility: Fund managers can adapt strategies based on market conditions.

Potential for Higher Returns: Active funds often aim to outperform benchmarks, offering potential for greater returns.

Disadvantages of Index Funds
Lack of Flexibility: Index funds mimic a market index and cannot adjust to market changes.

Average Returns: They aim to match market returns, which might be lower than actively managed funds.

Less Protection in Downturns: Index funds cannot avoid poorly performing sectors or stocks.

Choosing Between Direct and Regular Funds
When investing in mutual funds, you can choose between direct funds and regular funds. Each has its advantages and disadvantages.

Disadvantages of Direct Funds
No Advisory Support: Direct funds lack guidance from a Certified Financial Planner (CFP).

Time-Consuming: Managing and choosing the right funds requires significant time and knowledge.

Higher Risk of Missteps: Without professional advice, the risk of making suboptimal choices increases.

Benefits of Regular Funds
Professional Guidance: Investing through a CFP provides expert advice tailored to your goals.

Regular Monitoring: A CFP regularly reviews your portfolio, making necessary adjustments.

Optimised Portfolio: CFPs ensure your investments align with your risk profile and goals.

Building a Balanced Portfolio
For your goals, a balanced portfolio combining equity and mutual funds is ideal. This provides growth potential while managing risks.

Steps to Build a Portfolio
Assess Risk Tolerance: Understand how much risk you are comfortable with.

Diversify: Spread investments across different assets to reduce risk.

Allocate Assets Wisely: Determine the right mix of equity and mutual funds.

Regular Reviews: Periodically review and adjust your portfolio with a CFP's help.

Long-Term Investment Strategies
Investing for the long term requires discipline and a strategic approach. Here are some strategies to consider:

Systematic Investment Plan (SIP)
Regular Investment: Invest a fixed amount regularly in mutual funds.

Rupee Cost Averaging: It reduces the impact of market volatility over time.

Disciplined Approach: Encourages regular saving and investing habits.

Equity-Linked Savings Scheme (ELSS)
Tax Benefits: ELSS offers tax deductions under Section 80C.

Growth Potential: These schemes invest in equities, offering potential high returns.

Lock-In Period: ELSS funds have a mandatory three-year lock-in period.

Evaluating Fund Performance
Choosing the right mutual funds involves evaluating past performance and consistency.

Key Metrics to Consider
Historical Returns: Look at how the fund has performed over different periods.

Consistency: Evaluate the fund's performance consistency against its benchmark.

Fund Manager's Track Record: Consider the expertise and track record of the fund manager.

Monitoring and Rebalancing
Regular monitoring and rebalancing ensure your portfolio stays aligned with your goals.

Importance of Monitoring
Stay Aligned with Goals: Ensure your investments continue to meet your objectives.

Adjust for Market Changes: Adapt your strategy based on market conditions and personal circumstances.

Risk Management: Regular reviews help manage and mitigate risks.

Rebalancing Strategies
Periodic Rebalancing: Adjust your portfolio at regular intervals (e.g., annually).

Threshold Rebalancing: Rebalance when asset allocation deviates significantly from targets.

Combination Approach: Use both periodic and threshold strategies for optimal results.

Conclusion
Investing in equity and mutual funds for long-term goals like education and retirement is a wise decision. Balancing equity's growth potential with mutual funds' diversification and professional management will help you achieve your goals. Regularly reviewing and adjusting your portfolio with a Certified Financial Planner will ensure you stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - May 27, 2024Hindi

Money

Sir, I'm 37 years old. Married and having 6 years old kid. Earning 2 lakh per month gross. Rental income of 15000 per month. I'm having one housing loan with balance of 13.70 Lakh for 8 years remaining. I'm putting one emi extra every month and will be able to close it by 2027. I have 6 lakh in epf plus 22000 per month (Employer + Employee) contribution, 6 lakh in NPS tier 1, Active choice (75% equity) and 13000 SIP, 3 lakh in Mutual Fund and 16000 SIP and increasing by 10% every year, 15000 ETF SIP. Excluding home loan emi and investment SIP, my monthly expenses is around 45000. I have 1 year emergency fund, Term insurance and medical insurance. I have 6 years trading knowledge and I'm part time option writer with a capital of 20 lakh which is giving 40% per year (From past few years). How can i plan my retirement by age of 45 and focus on trading while securing some backup.

Ans: You are 37 years old, earning Rs 2 lakh per month, with a rental income of Rs 15,000. You have a housing loan, EPF, NPS, mutual funds, and engage in part-time trading. Let’s create a plan to retire by 45 and focus on trading while ensuring financial security.

Evaluating Your Current Financial Situation
Your current investments and income sources include:

Gross Salary: Rs 2 lakh per month.
Rental Income: Rs 15,000 per month.
Housing Loan: Rs 13.70 lakh remaining, planned to close by 2027.
EPF: Rs 6 lakh with Rs 22,000 monthly contribution.
NPS Tier 1: Rs 6 lakh, active choice with 75% equity.
SIP in Mutual Funds: Rs 13,000 per month, increasing by 10% annually.
Mutual Fund Value: Rs 3 lakh.
ETF SIP: Rs 15,000 per month.
Emergency Fund: Equivalent to one year of expenses.
Insurance: Term insurance and medical insurance.
Trading Capital: Rs 20 lakh, generating 40% annual returns.
Assessing Retirement Goals
Your goal is to retire at 45 and focus on trading. To achieve this, consider the following steps:

Calculate Retirement Corpus
Estimate the retirement corpus needed to sustain your lifestyle. Consider factors like inflation, life expectancy, and desired monthly expenses.

Ensure Debt-Free Status
You plan to close your housing loan by 2027. Continue making extra EMI payments to achieve this goal. Being debt-free is crucial for a stress-free retirement.

Investment Strategy for Retirement
Increase SIP Contributions
You are already increasing your SIP contributions by 10% annually. Continue this practice to leverage the power of compounding. Consider the following categories for SIP investments:

Large-Cap Funds: Stability and steady returns.
Mid-Cap Funds: Balanced growth and moderate risk.
Small-Cap Funds: Higher growth potential with higher risk.
Diversify with Active Managed Funds
Actively managed funds can outperform passive index funds. They offer professional management and strategic asset allocation. Consult a Certified Financial Planner (CFP) to select suitable funds.

Maximizing NPS Benefits
Continue NPS Contributions
NPS offers tax benefits and long-term growth. Continue your contributions and review the asset allocation periodically. Maintain a high equity exposure for growth.

Consider Additional Contributions
If possible, increase your contributions to NPS. This will boost your retirement corpus and provide additional tax benefits.

Leveraging Trading Skills
Trading Capital Growth
Your trading generates 40% annual returns. Continue honing your trading skills and reinvesting profits to grow your trading capital. Aim to increase your capital over the years.

Risk Management
Trading involves risk. Ensure you have a robust risk management strategy to protect your capital. Diversify your trading portfolio to mitigate risks.

Building a Backup Plan
Emergency Fund
You already have an emergency fund covering one year of expenses. Ensure this fund is liquid and easily accessible. Consider increasing it to cover two years of expenses for added security.

Insurance Coverage
Review your term and medical insurance coverage. Ensure they are adequate to protect your family in case of unforeseen events. Consider increasing coverage if necessary.

Creating Passive Income Streams
Rental Income
You have a rental income of Rs 15,000 per month. Explore ways to increase this income, such as property upgrades or investing in additional rental properties post-retirement.

Dividend Income
Invest in dividend-paying stocks and mutual funds. This provides a regular income stream during retirement. Consult a CFP to select suitable investments.

Planning for Children’s Education
Education Fund
Set up a dedicated fund for your child’s education. Invest in long-term instruments like equity mutual funds and PPF to build this corpus. Regularly review and adjust contributions based on future education costs.

Reviewing and Adjusting the Plan
Regular Reviews
Review your financial plan annually. Assess your progress towards your retirement goal and make necessary adjustments. Monitor your investments and trading performance.

Rebalancing
Rebalance your investment portfolio annually. Ensure it aligns with your risk tolerance and retirement timeline. A CFP can assist in this process.

Conclusion
Retiring at 45 and focusing on trading is achievable with disciplined planning. Continue increasing your SIPs, maintain high NPS contributions, and grow your trading capital. Ensure you have adequate insurance and an emergency fund. Regular reviews and adjustments will keep you on track. Consulting a Certified Financial Planner (CFP) will provide personalized guidance and help you achieve your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - May 26, 2024Hindi

Money

Sir I am investing 25k per month .10k in canara robecco.5k in PGIM flexicap.7.5 K in Nippon India small call.and 2.5K in tata small cap. Pls review my portfolio in tension of long term investment. Pls suggest one mid cap fund with this. Do I need to add another flexicap apart from above.What should be. Please also suggest if I want to stop one fund and switch into another what is process of investing it at one time

Ans: You are currently investing Rs 25,000 per month across four mutual funds: Canara Robeco, PGIM Flexicap, Nippon India Small Cap, and Tata Small Cap. Let's review your portfolio and suggest any necessary adjustments for long-term growth.

Reviewing Your Current Portfolio
Your current investments are as follows:

Canara Robeco (Rs 10,000/month): Canara Robeco is known for its balanced approach, offering stable returns.

PGIM Flexicap (Rs 5,000/month): A flexicap fund provides the flexibility to invest across various market capitalizations.

Nippon India Small Cap (Rs 7,500/month): Small-cap funds have high growth potential but come with higher risks.

Tata Small Cap (Rs 2,500/month): Another small-cap fund, adding more exposure to high-growth but volatile investments.

Analysis of Current Portfolio
Your portfolio is diversified but leans heavily towards small-cap funds, which increases risk. Small-cap funds are volatile and can lead to significant gains or losses. It is essential to balance this with funds that offer stability and moderate growth.

Suggesting a Mid Cap Fund
Adding a mid-cap fund can balance your portfolio. Mid-cap funds offer higher growth potential than large-cap funds but are less risky than small-cap funds. Here are the benefits of adding a mid-cap fund:

Balanced Growth: Mid-cap funds provide a mix of growth and stability.

Risk Mitigation: Diversifies your risk profile, reducing dependency on small-cap performance.

Potential Returns: Mid-cap funds can outperform in certain market conditions, offering substantial returns.

Recommendation for a Mid Cap Fund
Consider investing in a well-managed mid-cap fund. A mid-cap fund will provide a balanced growth approach and diversify your risk. Consult with a Certified Financial Planner (CFP) to choose the best mid-cap fund for your needs.

Considering an Additional Flexicap Fund
You already have PGIM Flexicap. Adding another flexicap fund may not be necessary. Flexicap funds provide the flexibility to invest across various market capitalizations, offering diversification within a single fund. Instead, ensure your current flexicap fund aligns with your goals.

Switching Funds: Process and Considerations
If you want to stop one fund and switch to another, follow these steps:

Step 1: Evaluate Performance
Assess the performance of the fund you wish to stop. Consider factors like past performance, consistency, and management quality.

Step 2: Redeem Units
Initiate the redemption of units from the fund you want to exit. This can be done online or through your mutual fund distributor.

Step 3: Transfer to New Fund
Once redeemed, the funds will be credited to your bank account. You can then invest this amount as a lump sum in the new fund.

Step 4: Systematic Transfer Plan (STP)
Alternatively, use a Systematic Transfer Plan (STP). This allows you to transfer the redeemed amount gradually into the new fund, reducing market timing risks.

Optimizing Your Portfolio
Regular Reviews
Review your portfolio regularly. Monitor the performance and make adjustments as needed. A quarterly review is advisable.

Rebalance Annually
Rebalance your portfolio annually to maintain your desired asset allocation. This ensures your investments remain aligned with your goals and risk tolerance.

Increase SIP Amount
As your income grows, consider increasing your SIP contributions. This will accelerate your wealth accumulation and help achieve your long-term goals faster.

Conclusion
Your current portfolio is diversified but has a heavy tilt towards small-cap funds. Adding a mid-cap fund will balance your risk and growth potential. Another flexicap fund may not be necessary. Ensure regular reviews and rebalancing to stay on track. If switching funds, consider using an STP for a smoother transition. Consulting with a Certified Financial Planner (CFP) will provide tailored advice to optimize your investments.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Question by Wasim - May 26, 2024Hindi

Money

I am 36 year old, I earn 80000/ month , I am investing 10000 sip in mutual fund from last1.5 year. Want to make 1 crore in 10 year. Please suggest me how to invest in proper way.

Ans: You are 36 years old and earn Rs 80,000 per month. You have been investing Rs 10,000 monthly in mutual funds for the past 1.5 years. Your goal is to accumulate Rs 1 crore in 10 years. Let’s explore how to achieve this goal with a structured investment plan.

Understanding Your Goal
Achieving Rs 1 crore in 10 years requires a strategic approach. Your current SIP of Rs 10,000 per month is a great start. However, reaching Rs 1 crore will require adjusting your investments and possibly increasing your monthly contribution over time.

Assessing Your Current Investment
Your Rs 10,000 SIP in mutual funds is a wise choice. Mutual funds offer growth potential through diversified equity investments. They are suitable for long-term goals due to their potential for high returns.

Projecting Future Growth
To reach Rs 1 crore in 10 years, your investments need to grow at a certain rate. Here’s a plan to optimize your investments:

Increase SIP Amount
Consider increasing your SIP amount gradually. Start by increasing it by a manageable amount, say Rs 2,000 every year. This approach leverages the power of compounding and helps in achieving your target faster.

Diversify Mutual Fund Portfolio
Diversify your investments across different mutual fund categories:

Large-Cap Funds: These funds invest in established companies with stable growth.

Mid-Cap Funds: These funds invest in mid-sized companies with higher growth potential.

Small-Cap Funds: These funds invest in smaller companies with higher risk but potential for high returns.

Multi-Cap Funds: These funds invest across various market capitalizations, providing balanced growth.

Opt for Actively Managed Funds
Actively managed funds can outperform index funds due to professional management. A Certified Financial Planner (CFP) can help select the best funds tailored to your risk profile and goals.

Regularly Monitor and Review Investments
Regularly reviewing your investments ensures they are on track to meet your goals. Here’s how to do it:

Quarterly Review
Review your portfolio every quarter. Check the performance of your mutual funds and make adjustments if needed.

Annual Rebalancing
Rebalance your portfolio annually. Ensure it aligns with your financial goals and risk tolerance. A CFP can assist in this process.

Tax Planning and Efficiency
Efficient tax planning can enhance your returns. Here are some strategies:

Use Tax-Saving Mutual Funds
Invest in Equity Linked Savings Schemes (ELSS). They offer tax benefits under Section 80C and have the potential for high returns.

Long-Term Capital Gains
Long-term investments in mutual funds enjoy favorable tax treatment. Hold your investments for the long term to benefit from lower capital gains tax.

Managing Risk
Balancing risk and return is crucial. Here’s how to manage risk effectively:

Diversification
Diversify across various asset classes and mutual fund categories. This spreads risk and enhances potential returns.

Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of living expenses. This ensures financial stability during unforeseen circumstances.

Leveraging Incremental Increases
As your income grows, increase your SIP contributions. Incremental increases can significantly impact your investment corpus over time.

Seeking Professional Guidance
A Certified Financial Planner (CFP) can provide personalized advice. They can help in selecting the right funds, monitoring performance, and making necessary adjustments.

Conclusion
Reaching Rs 1 crore in 10 years is achievable with disciplined investing. Increase your SIP contributions, diversify your portfolio, and regularly review your investments. Efficient tax planning and risk management will further enhance your returns. Professional guidance from a CFP can ensure your investment strategy aligns with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - May 26, 2024Hindi

Money

My age is 43 and I have two children aged 10 and just born...I own a house and a small property...I have 2 crores spread across stocks, mutual fund, fds, ulips and pf...can I retire now and manage the rest of my life with a decent lifestyle?

Ans: Retiring at 43 with two children and a desire for a decent lifestyle requires careful planning. You have Rs 2 crores spread across various investments. Let’s evaluate if you can retire now and maintain your desired lifestyle.

Assessing Your Current Financial Situation
You have a well-diversified portfolio, which is commendable. Your assets include:

Stocks and Mutual Funds: Potential for high returns but come with market risks.

Fixed Deposits (FDs): Provide stability and guaranteed returns, though lower than other options.

Unit Linked Insurance Plans (ULIPs): Offer a mix of insurance and investment, but may have higher costs.

Provident Fund (PF): Secure and tax-efficient long-term savings.

Owning a house and a small property adds to your stability. However, these are less liquid assets and should not be the sole reliance for cash flow.

Calculating Retirement Expenses
To determine if you can retire, estimate your future expenses. Consider the following factors:

Monthly Living Expenses
Estimate your current monthly expenses and adjust for inflation. Include costs for housing, utilities, groceries, transportation, and leisure activities.

Children’s Education
Education costs will be significant, especially with one child just born. Plan for school fees, extracurricular activities, and higher education costs.

Healthcare Costs
Healthcare expenses tend to rise with age. Ensure you have adequate health insurance coverage for your family.

Emergency Fund
Maintain an emergency fund to cover unexpected expenses. This fund should be liquid and easily accessible.

Generating Retirement Income
Your Rs 2 crores must be allocated wisely to generate a steady income. Here’s how you can structure your portfolio:

Diversified Mutual Funds
Mutual funds can offer growth potential. Opt for actively managed funds through a Certified Financial Planner (CFP). They provide professional management and timely rebalancing.

Fixed Deposits and Bonds
Fixed deposits and bonds offer stability and guaranteed returns. Allocate a portion of your funds here to ensure a steady income stream.

Provident Fund
Your PF is a secure long-term investment. Ensure it is well-managed and keep track of interest accruals.

Systematic Withdrawal Plans (SWPs)
Use SWPs from mutual funds to generate a regular income. This allows for a steady cash flow while keeping your principal invested.

Insurance
Ensure you have adequate life and health insurance. This will protect your family in case of unforeseen events.

Managing Risks and Returns
Balancing risk and return is crucial for a sustainable retirement. Here are some strategies:

Regular Review
Regularly review your portfolio and adjust based on market conditions and personal needs. A CFP can assist in maintaining the right balance.

Diversification
Diversify your investments across various asset classes. This spreads risk and increases the potential for steady returns.

Inflation Protection
Invest in instruments that offer inflation-beating returns. Equities and certain mutual funds can help counteract inflation.

Evaluating Current Lifestyle and Future Goals
Consider your current lifestyle and future goals. Will you need to downsize your home, or will you plan to travel more? These factors affect your financial needs.

Tax Planning
Efficient tax planning can save money and enhance your retirement corpus. Use tax-saving instruments and strategies advised by a CFP.

Potential Challenges
Market Volatility
Market fluctuations can impact your portfolio. Diversification and regular reviews help mitigate this risk.

Longevity Risk
Outliving your retirement funds is a concern. Plan for a longer retirement horizon to ensure financial security.

Monitoring and Adjusting Your Plan
Regularly monitor your financial plan. Adjust based on changing needs, market conditions, and life events. This ensures your plan remains effective.

Conclusion
Retiring at 43 with Rs 2 crores and two children is ambitious but achievable with careful planning. Diversify your investments, plan for inflation, and ensure adequate insurance coverage. Regularly review and adjust your plan with the help of a Certified Financial Planner (CFP). This approach ensures a secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - May 26, 2024Hindi

Money

Hello Sir, I have not withdrawn PF money from my previous company, where I worked before 2014 , That money was not transferred to my EPFO account, Is there a way to transfer that money, If Yes, Kindly guide through the process, Thanks

Ans: Transferring your old Provident Fund (PF) money to your current EPFO account is important. It ensures your funds continue to grow and are consolidated in one place. Here’s a step-by-step guide to help you through the process.

Understanding the EPF System
The Employees’ Provident Fund (EPF) is a retirement benefits scheme for salaried employees. It's managed by the Employees' Provident Fund Organisation (EPFO). When you switch jobs, your PF balance can be transferred to your new employer’s EPF account.

Importance of Transferring Old PF
Transferring your old PF balance is crucial for multiple reasons:

Interest Accumulation: Your money continues to earn interest.
Simplified Management: Easier to manage a single PF account.
Avoid Dormant Accounts: Dormant accounts may not earn interest after a certain period.
Checking Old PF Balance
Before initiating the transfer, check your old PF balance. You can do this using:

EPFO Portal: Log in to the EPFO member portal with your UAN.
UMANG App: The UMANG app can also provide your PF balance details.
SMS/Call: Send an SMS or give a missed call to the registered EPFO number.
Steps to Transfer Old PF
Here’s how you can transfer your old PF balance to your current EPFO account.

Step 1: Activate UAN
Ensure your Universal Account Number (UAN) is activated. UAN links all your PF accounts.

Visit the EPFO website.
Go to the UAN Member e-Sewa portal.
Activate your UAN using your PF member ID.
Step 2: Log in to EPFO Portal
Log in to the EPFO portal using your UAN and password.

Visit the UAN Member e-Sewa portal.
Enter your UAN, password, and captcha.
Click on the ‘Sign In’ button.
Step 3: Verify Your Details
Ensure your personal details and KYC information are up-to-date. This includes:

Aadhaar Number: Must be linked and verified.
PAN: Should be verified.
Bank Account Details: Correct and verified.
Step 4: Initiate Transfer Request
To initiate the transfer request:

Click on ‘Online Services’ from the main menu.
Select ‘One Member – One EPF Account (Transfer Request)’.
Verify your personal information and PF account details of both old and new employers.
Step 5: Choose Attestation Method
You need to choose how you want to attest your claim. It can be attested by either your current employer or previous employer.

Current Employer: Select if you are currently employed.
Previous Employer: Select if you are not currently employed.
Step 6: Fill Transfer Request Form
Fill in the transfer request form with the necessary details:

Previous PF Account Number: Mention your old PF account number.
Current PF Account Number: Mention your current PF account number.
Step 7: Upload Digital Signature
Ensure your employer has a digital signature registered with EPFO. This is required to approve the transfer request.

Step 8: Submit Transfer Request
Submit the completed transfer request form. An OTP will be sent to your registered mobile number for verification. Enter the OTP to confirm.

Step 9: Track Status
You can track the status of your transfer request on the EPFO portal.

Log in to the UAN Member e-Sewa portal.
Click on ‘Online Services’ and select ‘Track Claim Status’.
Troubleshooting Common Issues
Here are solutions to common issues you might face during the transfer process.

Incorrect Details
If your personal details (name, date of birth, etc.) are incorrect, you can correct them by:

Submitting a joint declaration form with your employer.
Updating the details on the EPFO portal.
Employer Not Cooperating
If your previous employer is not cooperating:

Contact your current employer to assist with the transfer.
Reach out to EPFO for help via their grievance portal.
Technical Issues
If you face technical issues on the EPFO portal:

Clear your browser cache.
Try using a different browser.
Contact EPFO’s helpdesk for support.
Ensuring a Smooth Transfer
To ensure a smooth transfer of your PF funds:

Keep all necessary documents handy.
Regularly follow up with your employer.
Track the status of your request online.
Final Checks
Once the transfer is complete:

Check your EPFO account to confirm the transfer.
Ensure the transferred amount reflects correctly.
Keep a record of all communication and receipts for future reference.
By following these steps, you can efficiently transfer your old PF balance to your current EPFO account. This consolidation ensures your retirement funds are managed well and continue to grow.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |3273 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - May 27, 2024Hindi

Money

Following is my portfolio. 45 year old male. Planning to retire by 65. 1 - 2 homes worth 1.1 CR each fully paid. One ancestral home valued at 1.3 CR. 2 - 1 overseas property now worth 5 CR under loan around 2.2 cr remaining 3 - Bank deposits + cash (around 50 lakh) 4 - Overseas stocks and crypto worth around 25 L investing about INR 30K monthly in these stocks and crypto 5 - Started MF SIP recently around 90K per month about 7 months back. Intend to continue for 10-15 years (Mostly equity). Total value INR 7L so far. 6 - Around 1.5 cr so far in superannuation funds. Can exit at 67 years age. 7 rental income 36K per month. 8 Started Investing in commodities (Gold Silver and Platinum) INR 13K combined every month for the past 3 months. Intended to continue for 5 years at least. 9 - Investing in guaranteed (deferred annuity plans) paying me about INR 30K pm for 20 years from the age of 60. 10. Few ongoing LIC plans. Expecting to get total 60L back in next 20 years, 11. Currently drawing about INR 5L monthly after tax. Goals are the following - Steady income of about 2L per month from the age of 60 - Total liquidity of 20 CR at age 65 (excludes property asset value) I'm looking for around 20 cr when I retire at 60. Is this feasible? How do I best tweak my portfolio to achieve my goal? I don;t like to put all eggs in one basket and would like to diversify further.

Ans: To achieve your financial goals, we need to review your current portfolio and make necessary adjustments. Your goals are a steady income of Rs 2L per month from age 60 and total liquidity of Rs 20 CR by age 65. This is feasible with a well-structured plan and disciplined execution. Let's evaluate each aspect of your portfolio and suggest improvements.

Current Portfolio Assessment
You have a diverse portfolio, which is a good start. Below is the detailed assessment and suggestions for each component of your portfolio.

Real Estate
You have significant investments in real estate, which include two fully paid homes worth Rs 1.1 CR each and an ancestral home valued at Rs 1.3 CR. Additionally, you own an overseas property worth Rs 5 CR with an outstanding loan of Rs 2.2 CR.

While real estate offers capital appreciation, it is less liquid. Hence, relying solely on property for retirement may not be ideal. The aim should be to ensure other liquid investments complement your real estate holdings.

Bank Deposits and Cash
You have Rs 50 lakh in bank deposits and cash. This is a conservative and safe option, offering liquidity and safety. However, returns are usually lower compared to other investment options.

Consider maintaining an emergency fund here and diversifying the rest into higher-yielding investments. This will ensure better growth over time.

Overseas Stocks and Crypto
You invest Rs 30K monthly in overseas stocks and crypto, currently worth Rs 25L. This segment has potential for high returns but comes with higher risk. Ensure a balanced approach by not over-allocating here.

It's good to continue investing, but monitor the performance closely and rebalance periodically.

Mutual Fund SIP
You started a Mutual Fund SIP of Rs 90K per month, mostly in equity, 7 months ago, with a total value of Rs 7L. This is a solid strategy for long-term wealth accumulation. Continue this for the next 10-15 years as planned.

Opt for actively managed funds rather than direct funds. Regular funds through a Certified Financial Planner (CFP) can provide better management and rebalancing.

Superannuation Funds
You have Rs 1.5 CR in superannuation funds which can be exited at age 67. This is a substantial amount that can support your retirement goals. Ensure it is invested in a balanced mix of equity and debt to optimize growth and safety.

Rental Income
You receive Rs 36K per month in rental income. This provides a steady cash flow and is a good supplement to other investments.

Commodities Investment
You have started investing Rs 13K per month in gold, silver, and platinum. Commodities can act as a hedge against inflation and market volatility. Continue this for at least five years as planned to build a diversified asset base.

Deferred Annuity Plans
Your deferred annuity plans will pay Rs 30K monthly for 20 years from age 60. Annuities can provide a steady income stream but may have lower returns compared to other investment options. Ensure these annuities fit well with your overall retirement plan.

Life Insurance Policies
Expecting Rs 60L from ongoing LIC plans in the next 20 years is beneficial. Ensure these policies align with your financial goals and provide adequate coverage.

Current Income
You draw Rs 5L monthly after tax. This income level provides flexibility to save and invest for future needs.

Portfolio Recommendations
Based on your current situation and goals, here are recommendations to enhance your portfolio:

Increase Mutual Fund SIPs
Mutual Funds offer growth potential. Increase your SIP amounts gradually, focusing on equity-oriented funds. Regular investments through a CFP can help in better fund selection and timely rebalancing.

Diversify Overseas Investments
Overseas stocks and crypto are high risk. Diversify into other asset classes like international mutual funds to balance risk and return. Avoid over-concentration in volatile assets.

Optimize Real Estate Holdings
Consider the potential of real estate to generate rental income and capital appreciation. Ensure properties are well-maintained and leverage rental income to invest in other high-growth assets.

Rebalance Portfolio Regularly
Regularly review and rebalance your portfolio to align with changing market conditions and personal goals. A CFP can help you maintain the right asset allocation and optimize returns.

Build a Retirement Corpus
Target building a substantial retirement corpus by investing systematically in mutual funds, superannuation, and other growth-oriented assets. Aim to increase the value of your investments through disciplined savings and growth strategies.

Increase Investment in Commodities
Commodities can protect against market volatility. Gradually increase your investment in gold, silver, and platinum. Maintain a balanced approach to avoid overexposure.

Enhance Cash and Fixed Deposits
Maintain a healthy emergency fund in bank deposits and cash. Invest surplus funds in higher-yielding instruments for better returns.

Monitor Annuity Plans
Ensure your annuity plans provide adequate retirement income. Re-evaluate their performance periodically to ensure they meet your financial needs.

Conclusion
Achieving Rs 20 CR liquidity by age 65 is feasible with disciplined savings and smart investments. Maintain a diversified portfolio, regularly review and rebalance, and seek advice from a CFP for optimal results. Your efforts and structured planning will pave the way for a comfortable and secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

See more questions »

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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