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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Apr 11, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Munna Question by Munna on Apr 11, 2024Hindi
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hey good morning, this year I completed my mbbs course now I want to do pg in Australia can you please guide me which requirements and what are the exam that I need to clear for pg seat. thank you!

Ans: Hello Munna,

First and foremost, thank you for getting in touch with us. I am happy to hear that you have completed your MBBS and now wish to pursue your postgraduate (PG) studies in Australia. Concerning your question regarding the requirements and exams that you would need to clear in order to pursue your postgraduate medical studies, I would suggest that you follow these steps:

First and foremost, you would need to make sure that your MBBS degree is acknowledged in Australia. The Australian Medical Council (AMC) will need to evaluate your credentials, in order to assess if your degree adheres to the prerequisites for Australian practice. Next, English being the medium of instruction at universities in Australia, you will be required to prove your fluency in the English language through appearing for English proficiency tests viz., the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS). Remember that following the acknowledgement of your qualifications, a registration application to the Australian Medical Board will need to be submitted by you. To practice medicine in Australia, this is required. I would like to tell you that based on the field of specialization you choose to follow, you may be required to take specialized exams. In order to become a general practitioner (GP), you may be required to pass both, the multiple-choice question (MCQ) exam, as well as the clinical test, administered by the Australian Medical Council (AMC). On the other hand, you might have to clear the pertinent specialty-specific tests for other fields of specializations, viz., internal medicine or surgery. After having been granted admission into a postgraduate program and after having fulfilled all additional prerequisites, you will be required to apply for the necessary visa, to be able to study and work in Australia. The kind of visa you’ll need will depend on your situation and the length of your course. I would recommend that you conduct a comprehensive study on the Australian universities that offer the PG program of your choice. Remember that the application procedure and deadlines may differ between universities, and so, ensure that you gather the necessary paperwork, such as academic marksheets, statement of purpose, and recommendation letters. Also, take into account the tuition costs and living expenses in Australia. Look into the various scholarships and monetary assistance offered by Australian universities to help defray these costs.

In order to acquire recent and precise information, I would suggest that you carefully go through each and every step of the procedure, as well as get in touch with the appropriate authorities or organizations. I wish you the very best for your higher studies in Australia.

For more information, you can visit our website.
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Study Abroad Expert - Answered on Jan 11, 2024

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My son is doing 2nd year mbbs in tamil nadu government medical college, he wants to do his pg in Australia or dubai suggest me what are the steps needed for that ? We are below middle class .
Ans: Hello Southa,

To begin with, thank you for contacting us. I am glad to hear that your son is currently pursuing the 2nd year of his MBBS degree and thereafter wishes to pursue his post-graduation (PG) in Australia or Dubai. As an answer to your query, I would like to tell you that the following procedures and considerations need to be taken into account in order for your son to pursue his postgraduate studies. Your son will first need to shortlist universities that provide the PG programs he’s interested in pursuing. I would recommend that he looks into the particular prerequisites as well as eligibility requirements for postgraduate courses in these preferred countries. This entails academic credentials, examinations viz., the PLAB or AMC exams in Australia, hands-on (job) experience, as well as appearing for language competency tests viz., OET or the IELTS. Fill out and submit applications, and be sure to include all the necessary documentation. Your son will also need to consider other aspects. He will need to take into account the prerequisites for health insurance for overseas students in the country he decides to study in. I would also suggest that your son investigates the lodging options and arranges for the same well in advance. In addition, considering you belong to the middle-class category, it’s essential that your son plans his finances. He should investigate the grants, scholarships, and other forms of monetary assistance offered to overseas students studying in Australia or Dubai. Moreover, to reduce the costs of living, your son should engage in part-time jobs available for students in these nations. He should comprehend the visa prerequisites associated with studying in these two countries and finish the visa application procedure. Remember that acquiring assistance from experts or academic advisors with expertise in foreign admissions can prove beneficial. They will be in a better position to offer guidance throughout the application procedure, provide assistance with all the required paperwork, as well as provide information on the courses that would best resonate with your son's future goals and monetary circumstances. Finally, to enhance your son’s application to pursue postgraduate courses abroad, I would recommend that you support him in achieving academic excellence and acquiring pertinent work experience.

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Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Apr 12, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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How to do PG in Dubai after completing mbbs
Ans: Hello,

To begin with, thank you for contacting us. I am glad to know that you have pursued your MBBS and now wish to pursue postgraduate (PG) studies in Dubai. There are several steps that you will need to follow for the same:

Firstly, you will need to look into the various postgraduate programs that Dubai has to offer. Examine medical institutions and universities that provide specialization courses in your area of interest. Secondly, make sure that you adhere to the entry prerequisites for the program you have chosen which usually entails minimum academic credentials, appearing for language competency tests as English is usually necessary, submission of USMLE, PLAB, etc. test results, and possessing any particular experience or requirements. As the next step, after having selected your preferred course, you will need to apply following the application requirements provided by the university. For the same, you will be required to complete an application form, submit relevant paperwork viz., marksheets, statement of purpose, endorsement letters, and CV, and pay the application fees, if any. Remember that you will need to obtain a student visa for the purpose of studying in the country if you are a non UAE citizen or resident. For precise visa prerequisites and the process of applying, check the UAE consulate or embassy in your country. Take into account the expenses pertaining to your postgraduate studies viz., tuition costs, housing, living costs, as well as other expenditures. I would recommend that you examine the various grants, scholarships, and other forms of monetary assistance that the university has to offer. Make housing arrangements in Dubai, be it on-campus or off-campus. In order to acquire a convenient and comfortable place to live, I would suggest that you start searching well in advance. If you are moving to Dubai, make the appropriate travel, housing, and settlement plans. Get acquainted with the local way of living, cultural norms, as well as any rules or specifications that may apply to overseas students. After having made all the necessary preparations and once you have acquired your visa, you can embark on your postgraduate journey in Dubai. Be a part of orientation programs, get to know the faculty members and the campus, and begin your educational journey towards becoming a medical specialist. For a seamless transition from MBBS to postgraduate study in Dubai, always keep yourself engaged, proactive, and well-organized all along the way.

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Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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My MF portfolio is worth Rs 2 crore as on March 31, 2024. I am 48 now. My plan is to get Rs 2 lakh per month by the time I retire in another 10-12 years. I am investing Rs 2 lakh per month. Is that enough for me to accumulate a corpus big enough to help me earn Rs 2 lakh per month?
Ans: Let's analyse your plan for a Rs 2 lakh monthly income after retirement:

Corpus Calculation:

To determine if your current strategy is sufficient, we need to calculate the total corpus you'll need. Here's a simplified approach (assuming a fixed monthly withdrawal):

• Expected Investment Period: 10 to 12 years (considering your retirement timeframe)
• Monthly Investment: Rs 2 lakh.
• Monthly Target Income: Rs 2 lakh.
• There are two unknowns: total investment period and corpus amount. We can't predict the exact number of years until retirement, so let's analyse both scenarios (10 and 12 years).

Scenario 1: 10 Years of Investment

For this scenario, we can use a financial calculator or spreadsheet to solve for the corpus needed. However, I can't directly provide financial product recommendations or perform calculations that require specific rates of return.

Scenario 2: 12 Years of Investment

Similar to scenario 1, you'll need to calculate the corpus considering a 12-year investment horizon.

Additional Considerations:

• Inflation: The purchasing power of your Rs 2 lakh monthly income will decrease over time due to inflation. You might need to increase your withdrawals gradually to maintain your standard of living.
• Investment Returns: The actual corpus will depend on the return you get on your investments. This can vary based on your chosen investment options.

Recommendations:

• Retirement Needs Assessment: Consider consulting a financial advisor to assess your retirement needs based on your lifestyle and future plans. They can help you with a more personalised calculation considering inflation and your risk tolerance.
• Investment Strategy: A financial advisor can also suggest an investment strategy to achieve your target corpus. This may involve a mix of equity and debt instruments to balance growth and stability.

Positive Aspects:

• You're taking a proactive approach to retirement planning by starting early and investing regularly.
• A Rs 2 crore corpus and a Rs 2 lakh monthly investment are good starting points.

Conclusion:

While it's difficult to say definitively without a detailed calculation, your plan has a good foundation for achieving your Rs 2 lakh monthly income target. Consulting a financial advisor can provide a more personalised assessment and help you fine-tune your strategy for a comfortable retirement.
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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Mar 18, 2024Hindi
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Hello, Hope you're doing good! I am 32 yrs old and planning to invest till 60 yrs i.e till next 28 yrs. I am investing in below MFs and some other savings schemes, I need you suggestion on the same: MFs Investment: 1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF - 1,500/- PM 2. Tata Resource & Energy Fund - 2,000/- PM 3. ICICI Prudential Technology - 1,500/- 4. Nippon India Nifty Smallcap 250 Index Fund - 1,000/- PM 5. SBI Nifty Next 50 Index Fund - 1,000/- PM 6. ICICI Prudential Nasdaq 100 Index Fund - 1,000/- PM 7. ICICI Prudential Nifty Bank Index Fund - 2,000/- PM Apart from this I am also investing in NPS around 17,500/- PM and PF around 30,500 including both. Also investing 5,000/- in Max Life Online Savings Plan (10 yrs investing period and 15 Yrs total Policy period). My goal is to be accumulate wealth for my retirement. Thank you in advance for your help.
Ans: Your investment approach reflects a thoughtful strategy aimed at building long-term wealth for your retirement. Diversifying your portfolio across different asset classes, including equity mutual funds, index funds, and savings schemes like NPS and PF, is a wise move.

Maintaining a disciplined investment habit and staying committed to your financial goals over the next 28 years will be crucial. Regularly reviewing your portfolio's performance and adjusting it as needed to stay aligned with your objectives is essential.

Remember, the journey to retirement wealth accumulation is a marathon, not a sprint. Stay patient, stay focused, and trust in the power of compounding to grow your investments steadily over time.

By diligently contributing to your investment portfolio and making informed decisions, you're laying a solid foundation for a financially secure and fulfilling retirement. Keep up the good work, and your future self will thank you for it.
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Asked by Anonymous - Feb 27, 2024Hindi
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Hi i am 49 and currently have a total corpus of approx 2.5 crs ( 1cr in MF/50 lacs in stocks/ another 80-90 lacs in PF/ EPF/ NPS and some other instruments.i am planning to retire in 13 years i.e at 62 . i will be able to accumulate another 5 cr approx more till then and with the current portfolio and interests of those looking at 10 cr of corpus then . will it be sufficient for my 15- 17 years of life after that looking at 3-4 lakhs montly expenses then
Ans: With a planned retirement in 13 years and an estimated total corpus of around 7.5 crores, your goal of achieving a corpus of 10 crores by retirement seems achievable. However, it's essential to conduct a detailed analysis to ensure financial sustainability for the subsequent 15-17 years.

Consider the following factors:

Inflation: Account for inflation in your expense calculations to maintain the purchasing power of your corpus over time.
Investment Returns: Assess the expected returns from your current investments and future contributions to meet your target corpus.
Expenses: Review your anticipated expenses post-retirement, including healthcare, travel, and other lifestyle needs.
Contingency Planning: Build a buffer for unforeseen expenses or emergencies to safeguard your retirement corpus.
Regular Review: Periodically review your portfolio's performance and adjust your investment strategy if needed to stay on track towards your retirement goals.
Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial situation and retirement aspirations. With careful planning and prudent management, you can aim for financial security and peace of mind in your retirement years.
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Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Feb 01, 2024Hindi
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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