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Mayank

Mayank Chandel  |2254 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on May 28, 2024

Mayank Chandel has over 18 years of experience coaching and training students for various exams like IIT-JEE, NEET-UG, SAT, CLAT, CA and CS.
Besides coaching students for entrance exams, he also guides Class 10 and 12 students about career options in engineering, medicine and the vocational sciences.
His interest in coaching students led him to launch the firm, CareerStreets.
Chandel holds an engineering degree in electronics from Nagpur University.... more
Asked by Anonymous - May 25, 2024Hindi
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Career

Im 18 years old. Preparing for neet exam. After joining allen. I realised that i have wasted my class 11th and 12th both. I can't understand simple basic things. I belonged to State board and now I have to study NCERT. I cried a lot thinking about the things. It's hard for me to even ask my teacher any questions. Im an introvert. I think I'm wasting my parents money. my father payed 1 lacks fees for my admission. I'm so demotivated. Can anyone tell me what to do?

Ans: Hi,
first of all, you need to come out of negative mindset. Whatever happened has happened. It cannot be changed now. You are not defeated till you give up. You need to find the way out. Studying medicine in India is highly competitive & costly. If you manage to clear NEET then we can explore the MBBS abroad option. You can contact on IG at my handle CAREERSTREETS.
Career

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Hello I am a neet 2025 aspirant and it is my 2nd drop ....when I started preparing for neet 2025 I was very confident and was studying sincerely but then I lost my interest in studies I wasted 3months and now only 4months left for neet I am getting worried what to do next plz help me....I am preparing from online and living at my home I am getting distracted by my surrounding and also by the mobile phone
Ans: My initial recommendation for you is to avoid placing sole reliance on NEET. It is prudent to devise alternative strategies, such as Plan B and Plan C, to adequately prepare yourself for various medical-allied courses by participating in an additional 3-4 entrance examinations as well. In the midst of a demanding phase such as NEET, it is quite common to experience feelings of being overwhelmed. Nonetheless, through a thoughtful approach and consistent effort, one can effectuate substantial transformations. Initially, assess and recalibrate your situation, transition your perspective from worry to proactive engagement, and segment the journey into manageable components. Focus on subjects that offer substantial intellectual returns, such as Biology, Physics, and Chemistry. Organize your study environment and monitor your phone usage. Develop a comprehensive four-month plan, commencing with biology and subsequently progressing to subjects of greater weight and complexity. Mitigate distractions through the regulation of mobile device usage, fostering communication with family members, adhering to a structured routine, seeking assistance and motivation from diverse platforms, and promoting overall well-being by ensuring adequate sleep, consuming nutritious foods, and engaging in physical activities such as yoga and meditation.
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Mutual Funds, Financial Planning Expert - Answered on May 07, 2025

Asked by Anonymous - May 07, 2025
Money
Sir, I wqnted your advise, regarding an investment. My building is going for re-development, there is a additional flat sale for about 1cr, which will be ready in about 3 years. Please can you advise is it worth to invest 1cr in additional flat, i have savings of about 1cr, or should i keep the 1cr as Fixed Deposit. I do not have knowledge about investment in mutual funds or SIP. Thanks to advise.
Ans: It's commendable that you're considering the best investment route for your Rs. 1 crore savings. Let's evaluate the options you've mentioned and explore a comprehensive approach to wealth creation.

Understanding Your Investment Options
1. Investing in the Additional Flat

Illiquidity Concerns: Real estate investments are typically illiquid. Selling a property can take time and may not fetch the expected price.

Maintenance and Other Costs: Owning an additional flat comes with recurring expenses like maintenance charges, property taxes, and potential renovation costs.

Market Volatility: Property prices can fluctuate based on various factors, including economic conditions and government policies.

Rental Income Uncertainty: If you're considering renting out the flat, rental yields in many Indian cities are relatively low compared to the property's value.

2. Keeping the Amount in Fixed Deposits (FDs)

Low Returns: FDs offer fixed returns, but these may not outpace inflation, leading to a decrease in real purchasing power over time.

Tax Implications: Interest earned from FDs is taxable as per your income slab, which can further reduce the net returns.

Lack of Flexibility: Premature withdrawal from FDs can attract penalties, limiting liquidity.

Exploring Mutual Funds as an Alternative
Given that you're new to mutual funds and SIPs, it's essential to understand their potential benefits:

Professional Management: Mutual funds are managed by experienced fund managers who make investment decisions based on thorough research.

Diversification: By investing in a mutual fund, your money is spread across various assets, reducing risk.

Liquidity: Most mutual funds offer high liquidity, allowing you to redeem your investment when needed.

Potential for Higher Returns: Historically, mutual funds, especially equity-oriented ones, have offered higher returns over the long term compared to traditional instruments like FDs.

Tax Efficiency: Mutual funds can be more tax-efficient, especially with the benefits available under certain sections of the Income Tax Act.

Recommended Approach
Considering your current situation and the pros and cons of each investment option:

Avoid Investing in the Additional Flat: Given the illiquidity, associated costs, and potential market volatility, investing in another property may not be the most efficient use of your funds.

Limit Exposure to FDs: While FDs offer safety, the returns may not be sufficient to meet long-term financial goals, especially after accounting for inflation and taxes.

Consider Mutual Funds for Wealth Creation:

Start with a Lump Sum Investment: Allocate a portion of your Rs. 1 crore savings into mutual funds, focusing on a mix of equity and debt funds based on your risk appetite.

Initiate SIPs: Set up Systematic Investment Plans to invest a fixed amount regularly, benefiting from rupee cost averaging and disciplined investing.

Consult a Certified Financial Planner: Given your unfamiliarity with mutual funds, seeking guidance from a certified professional can help tailor an investment strategy aligned with your financial goals.

Final Insights
Your initiative to seek advice before making a significant investment decision is commendable. By steering clear of additional real estate investments and limiting exposure to low-yield instruments like FDs, you can explore avenues like mutual funds that offer the potential for higher returns and greater flexibility. Engaging with a certified financial planner can further ensure that your investment strategy is well-aligned with your long-term financial objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

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

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