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Mayank Kumar  |192 Answers  |Ask -

Education Expert - Answered on Dec 20, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
Asked by Anonymous - Sep 24, 2023Hindi

Sir,I am an mbbs graduate wanting to become a software Engineer and coding always fascinated me.What is the roadmap?Should I go back to do pcm again?

Ans: Hi, Fortunately, we've come a long way in a time when learning is no longer limited to a school or college event - you can pursue your interest at any given point through flexible online options. Many skilling platforms now offer online certifications and bootcamps while you continue with your current job. To combine what you have learned with what you aim to do - you can leverage your medical background by exploring healthcare-related AI applications. Try learning programming languages, enroll in coding bootcamps with a focus on AI development, and consider certifications in healthcare AI. Networking is critical - try connecting within the AI and healthcare tech communities which will provide valuable insights for your transition. I hope this helps.

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Ramalingam Kalirajan  |5193 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 12, 2024Hindi
My Age is 47, and my current savings are as follows 1. EPF : 5L 2. PPF : 5L 3. NPS : 5L 4. MF & Equity : 2L 5. FD & Savings : 2L 6. ULIP : 3.5L One parental house , 2 kids who are studying in class 9th and 7th respectively. kindly suggest post retirement mediacal assistance needs and 75k per month
Ans: Current Financial Snapshot

You are 47 years old. Your savings include:

EPF: Rs 5 Lakhs

PPF: Rs 5 Lakhs

NPS: Rs 5 Lakhs

Mutual Funds & Equity: Rs 2 Lakhs

FD & Savings: Rs 2 Lakhs

ULIP: Rs 3.5 Lakhs

You have one parental house and two kids in class 9th and 7th.

Retirement Planning Goals

To secure your future, you aim for a monthly income of Rs 75,000 post-retirement.

Retirement Corpus Calculation

To generate Rs 75,000 monthly, you need a substantial corpus. Considering inflation, this corpus must last through your retirement.

Asset Allocation Strategy

Diversify Investments

Spread your investments across various asset classes. This reduces risk and maximizes returns.

Increase Equity Exposure

Increase your investments in equity mutual funds. They offer higher returns over the long term.

Reduce Low-Yield Investments

Reduce your holdings in FDs and low-yield savings. They don't beat inflation.

Maximize Tax Benefits

Continue investing in EPF, PPF, and NPS. They offer good tax benefits.

Regular vs. Direct Mutual Funds

Professional Guidance

Regular funds come with professional guidance from an advisor.

Monitoring and Rebalancing

An advisor regularly monitors and rebalances your portfolio.

Disadvantages of Direct Funds

Direct funds lack professional advice. You must manage and rebalance yourself.

ULIP Assessment

Surrender Policy

Consider surrendering your ULIP. They often have high charges and low returns.

Reinvest in Mutual Funds

Reinvest the proceeds in diversified equity mutual funds.

Education Fund for Children

Start an SIP

Start a Systematic Investment Plan (SIP) in mutual funds. This helps in building a corpus for your children's higher education.

Diversify Investments

Diversify across equity, balanced, and debt funds. This reduces risk.

Post-Retirement Medical Assistance

Health Insurance Coverage

Opt for a comprehensive health insurance plan. It should cover hospitalization, surgeries, and critical illnesses.

Family Floater Plan

Consider a family floater plan. It covers all family members under a single sum assured.

Top-up Health Plans

Add top-up health plans to increase coverage without high premiums.

Regular Premium Payments

Ensure timely premium payments. This keeps your health insurance active.

Actionable Steps

Meet a Certified Financial Planner

Consult a CFP for personalized financial planning.

Increase SIP Amount

Gradually increase your SIP in mutual funds. This helps in accumulating a larger corpus.

Review and Rebalance Portfolio

Review your portfolio regularly. Rebalance it to match your risk tolerance and financial goals.

Emergency Fund

Maintain an emergency fund. It should cover 6-12 months of expenses.

Final Insights

Building a secure financial future requires careful planning. Diversify your investments, increase equity exposure, and reduce low-yield investments. Secure health insurance and plan for your children's education. Regularly review and rebalance your portfolio.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,


...Read more


Samraat Jadhav  |1880 Answers  |Ask -

Stock Market Expert - Answered on Jul 24, 2024

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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