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Baqar Iftikhar

Baqar Iftikhar Naqvi  |114 Answers  |Ask -

Start-up Mentor - Answered on Sep 27, 2023

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Asked by Anonymous - Sep 26, 2023Hindi
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Career

Hi I m 38 yrs old and have a huge loss in my business.I had to sell my working unit due to loss in my business and pay all my dues to bank.Now at present I m running same business on rented place.I m not having any savings any liquidity for my future.what should you suggest in this scenario?

Ans: Focus on your business growth. Any business should not look at creating capital assets in terms of land and building till absolutely necessary. So it does'nt matter if you are working from a rented place. Just rebuild your business and build a secure future for yourself. Take limited risks till you are secured financially.
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Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 23, 2024

Money
I took a flat last year and at that time my business was running nicely but soon i ran into losses and forcefully i closed my busines and from april 2024 i have no work and very less capital,i have to pay emi and my kids school fees and other expenses which is amounting to 1lakh every month idk how should i come out of this
Ans: You’re facing a challenging situation right now, with no income, high monthly expenses, and financial commitments like EMI and your children’s education. Let’s break down possible steps you can take to regain control of your finances.

Prioritize Your Expenses
EMI and Essential Bills: Your home loan EMI and your children's school fees are non-negotiable expenses. These should be your top priority.

Other Monthly Expenses: Review your household spending. Identify any discretionary expenses that can be cut down. Reducing non-essential spending temporarily can free up some money for necessary payments.

Family Support: If possible, consider seeking short-term financial support from family members. This can help you bridge the gap during this critical period.

Utilize Your Existing Assets
1. Liquidate a Portion of Your Fixed Deposits
You have Rs. 1.5 crore in fixed deposits. This is a significant sum. You could consider breaking a portion of these FDs to meet your immediate needs. While breaking an FD may result in a loss of interest, it will provide the liquidity needed to manage your expenses.

Action Step: Break only the amount you need for 6 months to a year of expenses. This will give you breathing space and reduce financial stress while you find new sources of income.
2. Leverage Your Mutual Fund Investments
You have Rs. 40 lakhs in mutual funds. You might consider redeeming a portion of this to create a cash buffer.

Action Step: Withdraw from the mutual funds that have performed well and where you can incur the least loss due to market conditions. Ensure you leave some investments intact for long-term growth.
3. Emergency Loan Against Investments
Instead of redeeming your mutual funds or fixed deposits, you can explore taking a loan against them. Many banks offer loans against mutual funds or fixed deposits at reasonable interest rates.

Action Step: Taking a loan against your investments will allow you to get liquidity without selling your assets. This can help manage the cash crunch without disturbing long-term savings.
Plan for Income Generation
1. Temporary or Freelance Work
While you may be facing difficulty with your business, consider temporary or freelance work that matches your skillset. Look into short-term projects or consultancy opportunities that can provide you with an immediate source of income.

Action Step: Update your network and look for opportunities that match your expertise, even if they are not as lucrative as your business used to be. A steady income will help you meet your EMI and household expenses.
2. Rent Out Part of Your Flat
If your flat is large or you have extra space, consider renting out a part of it. This can provide a steady stream of income.

Action Step: Explore if there is a demand for rental housing in your area. This could help generate monthly cash flow without you needing to sell any assets.
EMI Restructuring
1. Negotiate with Your Bank
Given your current financial hardship, you can approach your bank for EMI restructuring or loan moratorium. Many banks offer relief in terms of reducing the EMI amount or extending the loan tenure for customers facing financial difficulties.

Action Step: Speak to your bank about your situation. Ask for a moratorium on EMI payments for a few months or request a temporary reduction in EMI amounts.
2. Consider Refinancing Your Home Loan
Another option is to explore home loan refinancing. Refinancing could reduce your EMI burden by securing a lower interest rate.

Action Step: Contact your bank or other financial institutions to explore whether you can refinance the loan at a lower rate.
Education Fee Management
1. Request for School Fee Payment Flexibility
If paying the school fees in one go is challenging, approach your children’s school and explain your situation. Many schools are open to payment plans where fees can be paid in installments.

Action Step: Talk to the school administration about the possibility of extending fee payments or reducing the amount temporarily based on your financial situation.
Focus on Emotional Well-being
This period can be emotionally draining, especially with the pressure of meeting financial obligations. It’s important to stay positive and seek support from family and friends during this tough time. Sometimes sharing the burden with trusted people can help you think more clearly.

Final Insights
You have several options to manage this financial crunch:

Use existing assets: Liquidate or borrow against your fixed deposits and mutual funds.

Look for income: Explore temporary work or renting out part of your property for additional income.

Reduce EMI burden: Negotiate with your bank for EMI relief, and consider refinancing your home loan.

Communicate with the school: Request flexibility in fee payments.

Stay focused and take it step by step. With the right approach, you will be able to manage these challenges and regain financial stability.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2025

Money
Hi I am 46.working in Pvt sector. Able to save 10000rs per month. Don't have much savings or investment. Kindly guide me how to invest this amount to build up a good corpus in coming 10 years
Ans: You are 46 years old and saving Rs.10,000 every month. You want to create a strong investment plan for the next 10 years. You do not have much existing savings. That’s perfectly okay. You are ready to act now. That’s what matters.

Here is a detailed, simple, and practical 360-degree plan.

? Understand your financial starting point
– You are 46 years old, working in private sector.
– You are able to save Rs.10,000 monthly.
– You have minimal past savings or investments.
– You have not mentioned any LIC, ULIP, or insurance-based investments.
– You are now planning for a better financial future in 10 years.

That’s a great and timely decision.

? Clarify your financial goals
– Think about what you want after 10 years.
– Is it retirement? Or a second income source?
– Or your child’s higher education or marriage?
– Having a clear goal helps in better investment planning.
– You can define your goal in simple terms.
– Also, prioritise between must-have goals and good-to-have goals.

This brings better clarity and commitment.

? Monthly savings are your superpower
– Rs.10,000/month may look small. But it’s powerful.
– In 10 years, it can create meaningful wealth.
– Consistency is more important than amount.
– Keep saving without breaks.
– Even in tough months, try not to skip SIPs.

Discipline is your biggest strength now.

? Emergency fund is your safety net
– You should first build a safety buffer.
– Set aside 6 months of your monthly expenses.
– If monthly expense is Rs.30,000, build Rs.1.8 lakh buffer.
– Start with Rs.1 lakh in savings and liquid fund.
– Keep 30% in savings bank. Keep 70% in liquid fund.
– Avoid fixed deposits. Early withdrawal charges reduce returns.
– Liquid funds are better than savings.
– They offer next-day withdrawal and better returns.

Build emergency fund first. Then start investing for long-term goals.

? Avoid index funds for long-term wealth creation
– Index funds are unmanaged. They just copy the market index.
– They don’t protect you during falling markets.
– They drop fast during crashes.
– They don’t adjust to changing market conditions.
– You need smart fund management for long-term growth.
– Actively managed funds are better.
– They are run by professional fund managers.
– These managers buy or sell based on research.
– You benefit from their market insights.
– In India, actively managed funds have outperformed index funds.

Index funds may look cheap. But they cost returns in long run.

? Avoid direct plans if you are not an expert
– Direct plans don’t give you guidance.
– You must decide fund, amount, changes, rebalancing – all on your own.
– No help during volatile markets.
– No suggestions when your goals change.
– Regular plans through a Certified Financial Planner (CFP) give guidance.
– You get support in fund selection and goal planning.
– CFPs help you avoid costly mistakes.
– They also review your portfolio regularly.
– Regular plans help you stay invested calmly.
– Investing is not just numbers. It’s also behaviour.

Handholding matters more than small expense ratio difference.

? Begin with 2–3 strong equity mutual funds
– Start with only 2 or 3 diversified equity funds.
– Choose Flexi Cap and Large & Midcap categories.
– These give good mix of large and mid companies.
– Add a Balanced Advantage Fund for market stability.
– These funds shift between equity and debt automatically.
– You don’t need to monitor markets daily.
– Avoid sector funds, international funds, thematic funds.
– They are risky and not suitable for your stage.
– Don’t try to pick many funds.
– Few good funds are enough.

Over-diversification leads to confusion, not better returns.

? Allocate SIP amounts with simplicity
– You can start SIP of Rs.4,000 in Flexi Cap fund.
– Rs.3,000 in Large & Midcap fund.
– Rs.3,000 in Balanced Advantage fund.
– Total = Rs.10,000/month.

This is simple and powerful allocation.

? Increase SIPs every year
– Try to increase your SIPs by 5–10% yearly.
– If income rises, increase investments first before expenses.
– Even Rs.1,000 extra per year makes a big difference.
– Over 10 years, this boosts final corpus strongly.

Growth in SIP is more important than one-time investments.

? Keep equity investments long term
– Don’t withdraw before 10 years.
– Let the money grow through compounding.
– Equity markets have ups and downs.
– But they reward patient investors over time.
– If you panic in short term, you lose returns.

Time is your best friend in equity.

? Avoid investment-linked insurance policies
– Don’t mix insurance with investment.
– LIC policies, endowment plans, ULIPs give poor returns.
– They promise returns, but deliver less than inflation.
– Keep insurance separate and simple.
– Buy term insurance if not already taken.
– Premium is low, cover is high.

Investment-cum-insurance products dilute both goals.

? Review portfolio every year
– Fund performance must be tracked once a year.
– Change the fund if it underperforms for 2 years.
– Rebalance if one fund grows too big.
– Your Certified Financial Planner will help with review.
– Don’t switch funds often. Review, not react.

Long-term success comes from patience and planning.

? Understand tax impact of mutual funds
– Long Term Capital Gains above Rs.1.25 lakh are taxed at 12.5%.
– Short Term Capital Gains are taxed at 20%.
– For debt funds, both gains are taxed as per your tax slab.
– Plan your withdrawals smartly.
– Take help of your CFP before redeeming.

Tax planning can save you big money.

? Stay away from risky investments
– Don’t invest in stock tips or small companies.
– Don’t try F&O or day trading.
– Stay away from chit funds and ponzi schemes.
– Don’t follow friends or relatives blindly.

Stick to mutual funds with professional guidance.

? Stay consistent with your plan
– Don’t stop SIPs due to short-term events.
– Avoid taking emotional decisions based on news.
– Focus on your goals, not market noise.
– Investing is like growing a tree.
– Give time, water it regularly, don’t uproot.

Consistency builds wealth quietly and surely.

? Create financial discipline in your life
– Avoid unnecessary expenses.
– Track your income and spending.
– Set automatic SIPs.
– Pay off credit card bills fully.
– Don’t take loans for gadgets or travel.
– Start saving before spending.

Good habits support good investments.

? Finally
– You are starting at 46, but that’s not late.
– Many people don’t start at all.
– Rs.10,000/month for 10 years with right discipline is powerful.
– Focus on quality funds.
– Stick to your goals.
– Review annually.
– Stay invested with the help of a Certified Financial Planner.
– Avoid direct plans if you’re not hands-on.
– Avoid index funds.
– Build emergency fund first.
– Increase SIP yearly.
– Don’t stop investing.
– Your 10-year wealth plan is now in motion.

Let your money work quietly. You stay focused and calm.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Nayagam P

Nayagam P P  |8910 Answers  |Ask -

Career Counsellor - Answered on Jul 16, 2025

Career
Sir My jee rank was not that good..I have some queries..cna u pls assist me what's the difference between bsc cs and btech cse..and would they lead to same career path and options.. Also if I choose to go with btech then..should I choose srm sonepat or not..I have planned to do msc abroad
Ans: Javin, B.Sc. Computer Science is a three-year, theory-driven program emphasizing algorithms, computation theory and foundational mathematics, suited for research, data analysis or academic roles, whereas B.Tech. in Computer Science & Engineering spans four years with a balanced mix of hardware, software and engineering fundamentals, offering intensive lab work, industry internships, and project-based learning that prepare graduates for system design, software development and emerging technology roles. Both degrees can lead to software engineering, data science, and cybersecurity careers, but B.Tech. holders often access core engineering positions and higher placement rates, while B.Sc. graduates may pivot more readily into research-oriented master’s or academic tracks. Considering SRM University Delhi-NCR Sonepat for B.Tech. CSE, the programme is delivered in a NAAC-accredited institution with over 315 recruiters visiting annually and a 95 percent placement consistency, supported by modern computing labs and structured career services. For planned MSc studies abroad, admissions typically require a four-year engineering or science degree with substantial computer-science content, a competitive GRE score (if required), proof of English proficiency (IELTS/TOEFL) and strong academic references; B.Tech. CSE aligns smoothly with these criteria, ensuring eligibility and facilitating conversion to research-focused master’s programmes.

Recommendation:
Opt for B.Tech. CSE at SRM Sonepat to benefit from industry-aligned curriculum, high placement consistency and robust lab exposure, then pursue an MSc abroad leveraging the recognised four-year engineering degree, structured admissions prerequisites and extensive global opportunities in advanced computing and research. All the BEST for Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |8910 Answers  |Ask -

Career Counsellor - Answered on Jul 16, 2025

Career
My daughter got PhD in Pharmacology admission both at Lovely Professional University Phagwara & JSS College of Pharmacy Ooty Tamil Nadu. Can you guide us which one is better? Which one to choose & why?
Ans: Lovely Professional University’s doctoral programme in Pharmacology operates within a NAAC-accredited private university that administers its own LPUNEST entrance test and offers substantial scholarship support based on merit . The three-year full-time curriculum encompasses core research methodology, publication ethics and advanced electives, supplemented by interdisciplinary minors and industry-interface modules that facilitate collaborations with pharmaceutical companies. Research scholars benefit from well-equipped pre-clinical and clinical evaluation laboratories, a centralized animal house and access to LPU’s Centre for Biomedical Research. A robust placement pathway connects candidates to roles in drug safety, pharmacovigilance and regulatory affairs, leveraging the university’s corporate partnerships and regular campus recruitment drives. Despite its relative youth, LPU maintains a dedicated Career Development Centre and reports a consistent placement rate for life-sciences graduates through structured internship pipelines and research-fellowship opportunities .

JSS College of Pharmacy, Ooty, established in 1980 and part of JSS Academy of Higher Education & Research, stands among the top five pharmacy institutions nationally, holding NAAC A+ accreditation and a #4 NIRF pharmacy ranking . Its Department of Pharmacology—active since 1988—provides doctoral candidates with specialized training in pharmacology and toxicology tracks, supported by CSIR-, DBT- and AICTE-funded research projects worth over ?3 crore. The college features a CPCSEA-approved centralized animal house, advanced instrumentation (FT-IR, microwave synthesizer, molecular modeling suites) and round-the-clock research facilities. Extensive MoUs with leading R&D organizations and a NABL-accredited drug-testing laboratory underpin strong industry linkages, while its placement cell sustains an over 80% placement consistency for postgraduate and doctoral scholars, facilitating roles in academia, regulatory bodies, and pharmaceutical R&D .

Recommendation:
For a well-established research environment with extensive funding, high national ranking, and deep industry connections in pharmacological sciences, JSS College of Pharmacy, Ooty offers the stronger platform. However, if scholarship opportunities, interdisciplinary minors, and a growing placement infrastructure are priorities, Lovely Professional University remains a compelling alternative. All the BEST for Admission & a Prosperous Future!

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