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Mayank

Mayank Chandel  |498 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jan 10, 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
Prerana Question by Prerana on Dec 10, 2023Hindi
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Career

Sir I am a neet aspirant. My parents afraid that I could not tolerate the life of the profession. Should I go with the doctors profession?

Ans: Hello Prerna,
this is a tricky question & it won't be right for me to comment on this as I don't have any details of you & your parents. It will be not right for me morally & professionally.
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Harsh

Harsh Bharwani  |56 Answers  |Ask -

Entrepreneurship Expert - Answered on Jul 04, 2023

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Career
Currently i am bsc biotect 2 year student As i always wanted to be a doctor i will become 20 after a month as my parents are not allow to drop and i feel depreessed after 3 bad results and now I can't decide what to pursue neet or biotect i always kneen in mbbs but i always manage to score 8-9 cgpa in biotect without much effort what should you suggest and the thing is that i always fascinated about neurology ,neuroscience things but i can't understand now will you help me
Ans: I understand that you're currently a second-year BSc Biotechnology student and you've always had a desire to become a doctor. However, you've been experiencing difficulty and feeling depressed after receiving three bad results. You're unsure whether to pursue NEET (National Eligibility cum Entrance Test) for medical school or continue with your Biotechnology studies. Additionally, you have a fascination with neurology and neuroscience but are having trouble understanding your current situation. I'll do my best to provide guidance.

1. Assess Your Academic Performance: Take a moment to reflect on your academic performance in Biotechnology. Although you mentioned scoring well with 8-9 CGPA, consider whether you genuinely enjoy the subject and have a passion for it. If you're finding Biotechnology to be more effortless compared to your interest in medicine, it's essential to weigh your options carefully.
2. Research Medical School Requirements: Look into the requirements for medical school admission, including NEET, to understand the criteria, eligibility, and preparation needed. Find out the deadlines, syllabus, and any other relevant information regarding the entrance exam. This will help you make an informed decision based on your capabilities and readiness.
3. Explore Alternative Pathways: If pursuing medicine through NEET seems challenging at the moment, consider other pathways within the healthcare field that align with your interests. Neurology and neuroscience offer various career opportunities beyond medical school, such as pursuing research, becoming a neuroscientist, or working in related healthcare roles. Research these alternative paths and see if they resonate with you.
4. Seek Guidance: Talk to academic advisors, mentors, or professionals in the medical and biotechnology fields. They can provide valuable insights and guidance based on their experience. Discuss your concerns, aspirations, and academic performance with them to gain perspective and clarity.
5. Reflect on Your Motivation: Understand your motivations for wanting to become a doctor and how it aligns with your fascination for neurology and neuroscience. Consider the challenges and sacrifices involved in pursuing a medical career. Reflecting on your true passion and drive can help you make a decision that brings fulfilment and satisfaction.
6. Focus on Self-Care: It's crucial to prioritize your mental and emotional well-being during this decision-making process. Take care of yourself, seek support from loved ones, and consider talking to a counsellor or therapist if you're experiencing depression or anxiety. Taking care of yourself will allow you to make decisions from a place of strength.

Remember, this decision is ultimately yours to make, and it's important to choose a path that aligns with your passion, strengths, and aspirations. Give yourself time, gather information, and seek support from those around you. Trust in your abilities and make a decision that feels right for you.

..Read more

Rohit

Rohit Gupta  |52 Answers  |Ask -

Edtech/Online Education Expert - Answered on Jan 13, 2024

Asked by Anonymous - Jan 12, 2024Hindi
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Career
Hello sir, I am preparing for neet and I took my 1st drop this year and I am thinking of changing my stream as in medical it requires minimum 9-12 years to become fully independent and I want to become independent as soon as possible but at the same time I am thinking like will it be a good decision or not bcz deep down medical field attracts me towards it, so right now I am literally confused.
Ans: Hello,
Navigating career decisions can be challenging, especially when balancing personal interests and the desire for independence. It's commendable that you're considering both aspects. Indeed, the medical field is a noble and rewarding path, but it does require a significant time commitment to education and training. If becoming independent sooner is your top priority, you might explore alternative paths that align with your interests and offer quicker entry into the workforce. Consider the various roles within healthcare, such as CMSED, medical technology, health administration, or allied health professions, which may require less time in education than becoming a fully licensed medical practitioner.

On the other hand, if the allure of the medical field is strong and you find fulfilment in the prospect of contributing directly to healthcare, pursuing your passion might lead to a more satisfying and purposeful career in the long run. It's essential to weigh your priorities, consider the time and effort required for each path, and reflect on what truly resonates with your aspirations.

Seeking guidance from mentors, career counsellors, or medical and alternative healthcare professionals can provide valuable insights, which is why College Vidya is here. Still, ultimately, the decision should align with your goals, values, and vision for your future.

..Read more

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Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 06, 2024Hindi
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Money
I'm having 35L lumpsum. Please suggest investment strategies to make it to 1CR in roughly 5 YEARS or before. Experienced & Professionals please suggest. I need help. Please.???? Your valuable insights & suggestions are MOST WELCOME. THANKS IN ADVANCE. KINDLY HELP ????????????
Ans: let's approach this with a realistic perspective. Achieving a 1 crore target in just 5 years from a 35 lakh lump sum is quite ambitious and may involve high-risk strategies. It's essential to understand that aiming for quick riches often leads to disappointment and potential loss of principal.

Instead of chasing unrealistic targets, focus on sustainable wealth-building strategies. Consider allocating your lump sum across a diversified portfolio of assets such as equity mutual funds, debt instruments, and possibly some exposure to real estate investment trusts (REITs) or gold ETFs for stability.

Aiming for a reasonable annualized return of around 12-15% is more realistic over the long term. Remember, slow and steady wins the race in wealth accumulation. Avoid falling for get-rich-quick schemes or high-risk investments promising unrealistically high returns.

Prioritize your financial goals, whether it's wealth creation, retirement planning, or other objectives, and tailor your investment strategy accordingly. Consult with a certified financial planner to create a personalized investment plan aligned with your risk tolerance and financial objectives.

In conclusion, while it may not be feasible to achieve a 1 crore target in just 5 years with a 35 lakh investment, adopting a disciplined and diversified approach to investing can help you steadily build wealth over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hello Jinal, greetings, I have been investigating in the below funds. Please let me know whether I should continue my SIP of 40K in these below funds for next 10,15,20 years. Investing since Apr 2023. Age 33, goals: retirement, children education and marriage. Funds: 1. Axis growth opportunities direct fund. 2. DSP Value fund direct. 3. SBI multi cap direct fund. 4. PPFAS flexi cap direct fund. 5. Quant tax saver fund direct. Reason to choose these funds to get diversified categories as well as international exposure. Adding more, like each funds strategies are different from each other.
Ans: It's great to see your commitment to long-term financial planning! Your chosen funds indeed offer a well-rounded portfolio catering to various investment objectives. Each fund's distinct strategy enhances diversification, mitigating risk and maximizing returns over time.

Axis Growth Opportunities fund provides exposure to high-growth potential companies, aligning with long-term wealth accumulation goals. DSP Value fund, focusing on undervalued stocks, adds stability to your portfolio, crucial for achieving financial milestones like children's education and marriage.

SBI Multi Cap fund's flexibility in investing across market caps ensures adaptability to market dynamics, essential for sustained growth. PPFAS Flexi Cap fund's international exposure offers a hedge against domestic market volatility, fostering global wealth creation opportunities.

Quant Tax Saver fund not only aids in tax efficiency but also provides a unique investment approach, complementing the other funds' strategies. However, it's vital to monitor fund performance periodically and rebalance if necessary to stay aligned with your goals.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:
Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.
• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.
• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.


Remember, investing is a marathon, not a sprint. Stay disciplined, and trust the process. Your dedication to systematic investment will yield significant results over the years, securing a comfortable future for you and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hello Sir, greetings, I have been investigating in the below funds. Please let me know whether I should continue my SIP of 40K in these below funds for next 10,15,20 years. Investing since Apr 2023. Age 33, goals: retirement, children education and marriage. Funds: 1. Axis growth opportunities direct fund. 2. DSP Value fund direct. 3. SBI multi cap direct fund. 4. PPFAS flexi cap direct fund. 5. Quant tax saver fund direct. Reason to choose these funds to get diversified categories as well as international exposure. Adding more, like each funds strategies are different from each other.
Ans: It's great to see your commitment to long-term financial planning! Your chosen funds indeed offer a well-rounded portfolio catering to various investment objectives. Each fund's distinct strategy enhances diversification, mitigating risk and maximizing returns over time.

Axis Growth Opportunities fund provides exposure to high-growth potential companies, aligning with long-term wealth accumulation goals. DSP Value fund, focusing on undervalued stocks, adds stability to your portfolio, crucial for achieving financial milestones like children's education and marriage.

SBI Multi Cap fund's flexibility in investing across market caps ensures adaptability to market dynamics, essential for sustained growth. PPFAS Flexi Cap fund's international exposure offers a hedge against domestic market volatility, fostering global wealth creation opportunities.

Quant Tax Saver fund not only aids in tax efficiency but also provides a unique investment approach, complementing the other funds' strategies. However, it's vital to monitor fund performance periodically and rebalance if necessary to stay aligned with your goals.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:
Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.
• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.
• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.


Remember, investing is a marathon, not a sprint. Stay disciplined, and trust the process. Your dedication to systematic investment will yield significant results over the years, securing a comfortable future for you and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hi I'm Atish, I want to invest a lumpsum of 3lakhs in which fund I should invest please guide.
Ans: Hello Atish,

Investing a lump sum of 3 lakhs requires careful consideration of your financial goals, risk tolerance, and investment horizon. Here's a suggestion on where you could invest:

Given the current market conditions and your investment horizon, consider allocating your lump sum across a diversified portfolio of mutual funds. Since you're investing a significant amount at once, it's crucial to mitigate risk by spreading your investments across different asset classes.

You can consider investing in a combination of large-cap, mid-cap, and multi-cap equity funds to capture growth opportunities across market segments. Additionally, allocating a portion to debt funds can provide stability to your portfolio and reduce overall volatility.

Look for mutual funds with a proven track record of consistent performance, low expense ratios, and experienced fund managers. Consider funds that align with your investment goals and risk appetite.

Before making any investment decisions, it's advisable to consult with a Certified Financial Planner who can assess your financial situation, goals, and risk tolerance. They can help you design a personalized investment strategy and select suitable mutual funds to achieve your objectives.

Remember to review your investments periodically and make adjustments as needed to stay on track towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hi sir I started my investment in dsp mutual fund with 11,000 from July 2023 and in Bank of India mutual fund in small flexi and multi cap 4000 each every month from December what could be me return after 15 years
Ans: Predicting the exact returns of mutual fund investments over 15 years is challenging due to market uncertainties. However, we can estimate potential returns based on historical performance and certain assumptions.

DSP Mutual Fund and Bank of India Mutual Fund offer a range of equity-oriented funds, which historically have provided higher returns over the long term compared to fixed-income investments.

Assuming an average annual return of 12% for DSP Mutual Fund and 10% for Bank of India Mutual Fund, which are reasonable estimates based on historical market performance, we can project the future value of your investments.

Considering your monthly investments of 11,000 in DSP Mutual Fund and 8,000 (4,000 each) in Bank of India Mutual Fund, let's calculate the future value using a mutual fund calculator.

After 15 years, your investments could potentially grow substantially, providing a significant corpus for your financial goals. However, it's essential to review and adjust your investments periodically based on market conditions and your financial objectives.

Keep in mind that these are projections based on historical data and assumptions. Actual returns may vary depending on market performance and other factors. It's advisable to consult with a Certified Financial Planner for personalized investment advice tailored to your specific needs and goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 11, 2024Hindi
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Money
Hi sir I am 58 years old. I never invested any stock market or shares or any such market funds I was working in gulf country. Earned around 8cr . Now all in fixed deposits. I was busy during my job time. I was only concentrate my jobs .now I want advice how to invest on My atleast half amount MF smilar funds. I also invested realestate around 25 years back. Now all got good appreciation. I have 2daughter and one son.daughters are earning good salary. Son studying.no loan or no commitment . Please advice how I can invest on MF stock linked market so I can make enough better growth than fixed deposits
Ans: It's commendable that you're considering diversifying your investments beyond fixed deposits, especially given the potential for higher returns in the stock market. Let's explore how you can begin investing in mutual funds (MF) and similar funds with a portion of your wealth.

Since you're new to the stock market and MFs, it's wise to start with a conservative approach. Consider investing a portion of your fixed deposits into balanced funds or equity-oriented hybrid funds. These funds offer a mix of equity and debt instruments, providing growth potential while mitigating risk.

Given your substantial corpus, you have the flexibility to invest in a diversified portfolio of mutual funds across different categories. Allocate funds based on your risk tolerance, financial goals, and investment horizon.

For long-term wealth creation, equity mutual funds, particularly large-cap and multi-cap funds, can be suitable. These funds invest in well-established companies with strong growth potential, offering the possibility of higher returns over time.

Consider investing systematically through Systematic Investment Plans (SIPs), which allow you to invest a fixed amount regularly. SIPs help in rupee-cost averaging and reduce the impact of market volatility on your investments.

Since you have no immediate financial commitments and your children are financially independent, you can afford to take a long-term view with your investments. Focus on staying invested for the long haul to benefit from the power of compounding.

However, it's crucial to consult with a Certified Financial Planner who can assess your financial situation, risk appetite, and investment objectives. They can help you devise a personalized investment strategy and guide you through the process of investing in mutual funds.

In conclusion, by diversifying a portion of your wealth into mutual funds, you can potentially achieve higher growth than fixed deposits over the long term. With careful planning and professional guidance, you can navigate the complexities of the stock market and work towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ravi

Ravi Mittal  |190 Answers  |Ask -

Dating, Relationships Expert - Answered on May 11, 2024

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Relationship
Hello Sir/Ma'am, Myself Sachin. Basically I'm from Thrissur (Kerala) where I born. But in terms of education, I did my schooling & colleges from Pune (Maharashtra). My DOB is 30th October 1984. So right now I'm 39. Till now I'm single trying to get a life partner to have a good understanding since 7 years. However, no one I got yet. Even I tried dating through online dating app called quack quack where sometimes I get a positive responses. But later on, that relationship doesn't prolongs. In this situation, what shall I do to have a good life partner? Right now I reside in Coimbatore (Tamilnadu) with my parents in one of the senior citizen complex. In terms of education I did my BBA from Delhi University. Also have work experience into customer support voice process for about 9 years. Currently I run my business as a photostat in Coimbatore.
Ans: Hi Sachin,

I understand that dating can sometimes be very frustrating. You have every right to start wondering whether it will work or not. Since you have already tried dating apps and even had a positive experience, I would ask you to recognize that as a win first. Second, let me share some tips with you that might help you find the right kind of matches:

- Write a detailed and attractive Bio. What should it include? 40% about yourself- your education, your quirks and habits, likes and preferences, and everything that makes you you. 10% about what you can offer as a partner. 10% about the type of relationship you want. Do you want to date exclusively, or are you looking for casual? Are you looking to get married or long-term dating? Mention it clearly to attract the right matches. The remaining 40% should be about the kind of person you want to date. Your idea of a perfect partner. It would save you a lot of time and energy on the relationships that start strong but eventually fizzle out.

- The display picture can play an important role. Always pick a recent and clear image to never mislead anyone. Choose an image that shows you in your element, preferably smiling because that makes you seem warm and welcoming. Refrain from over-editing.

- Another important step is the first message. Write a detailed and personalized first message instead of a Hi.

Other than this, I would ask you to have patience. Regardless of the mode of dating, finding the right partner can take time in certain instances. Good things take time.

Best Wishes.

...Read more

Ravi

Ravi Mittal  |190 Answers  |Ask -

Dating, Relationships Expert - Answered on May 11, 2024

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 06, 2024Hindi
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Money
Hi i am 42 yrs i am govt servent going to retire at 58 currently my salary 60pm from last one years i started investing in mutual fund 10k in nippon small cap 5k in sbi large and small cap and this years started 5k in nippon flexi cap fund currently i hav 24lac in ppf account also need to make small home for that i need 40 lac suggest me some should i take home lone or use my savings for that
Ans: Considering your retirement in 16 years and your current investment in mutual funds and PPF, let's analyze your options for purchasing a home.

You're off to a good start with your mutual fund investments, providing potential growth over the long term. However, investing in equity funds for a short-term goal like buying a house carries risk due to market fluctuations.

Given your timeline and the need for 40 lac for a home, it's prudent to explore multiple avenues. Utilizing your savings in PPF is an option, but it might not cover the entire cost.

Taking a home loan could be a viable solution. It allows you to preserve your savings and spread the cost of the house over a longer period. However, consider the loan's interest rate, tenure, and your ability to repay post-retirement.

Alternatively, you could partially fund the home with your savings and take a smaller home loan, reducing the burden of EMIs post-retirement. This approach offers a balance between utilizing savings and leveraging loans.

Consult with a Certified Financial Planner to assess your risk tolerance, evaluate loan options, and devise a suitable strategy aligned with your financial goals and retirement plans.

In summary, weigh the pros and cons of using savings versus taking a home loan, considering factors like interest rates, repayment capacity, and post-retirement income. With careful planning, you can achieve your goal of owning a home while safeguarding your financial future.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...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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