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Sushil

Sushil Sukhwani  |438 Answers  |Ask -

Study Abroad Expert - Answered on Jun 15, 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
Asked by Anonymous - Jun 08, 2024Hindi
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My nephew is bachelor in arts with physical education having 50 % marks and is also a good gym trainer. He has special interest in body building also. He want to go to Australia or any other country for bright future. What should he do or for which couse/ country should apply. Pl guide

Ans: Hello,
First and foremost, thank you for contacting us. Given your nephew’s background in physical education and his interest in bodybuilding and gym training, he would have a solid foundation for further education and career opportunities abroad.
Going further, let me tell you that he can choose to pursue an additional bachelor’s or go further with a master’s degree in exercise science or sports management. Australia is known for its robust sports programs and high-quality education. He can consider institutions like the Australian College of Physical Education (ACPE), Deakin University and the University of Queensland. He can also consider pursuing a degree in countries like the UK or Canada.
Start by researching the program, making sure to meet the admission requirements, preparing application materials accordingly, and also considering scholarships. By pursuing further education abroad, your nephew can significantly enhance his expertise and career prospects in the field. Countries like Australia, the UK, and Canada offer exceptional growth and personal development in these areas.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

Website- https://www.edwiseinternational.com/

You can follow us on our Instagram page- @edwiseint
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Sushil

Sushil Sukhwani  |438 Answers  |Ask -

Study Abroad Expert - Answered on Aug 09, 2023

Asked by Anonymous - Aug 08, 2023Hindi
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Hello....my son wants to go abroad either US, Canada or UK for undergrad BBA education. Mostly we are keen to send bcos he is average student and getting admission in India in any good college is difficult. Is it the right thought process, we are confused. Pls guide.
Ans: Hello,

First and foremost, thank you for contacting us. The fact that you are exploring choices for your son's education is excellent. Studying abroad can be a great experience, and it’s crucial to thoroughly consider the benefits and drawbacks of the same.
When determining whether your son should pursue an undergraduate BBA program overseas, keep the following aspects in mind:

1. Educational Excellence: Universities in the USA, Canada, and the UK offer excellent instruction and cutting-edge learning. Your son could have access to world-class instructors, resources, and opportunities that are not available in many Indian educational institutions.

2. Diversification and Exposure: Studying abroad exposes your son to new cultures, viewpoints, and ways of thinking, extending his horizons and boosting personal and professional development.

3. Networking Possibilities: Universities overseas frequently offer great networking chances with other students, faculty, and business people. His future professional life may benefit from these ties.

4. Employment Possibilities: International students are permitted to work after completing their education in some nations, such as Canada. This could be a good opportunity for your son to obtain international work experience and possibly settle in that country.

5. Challenges: It might be difficult to relocate to a new nation, especially for an average student. He'll need to acclimatize to a new educational system, culture, and perhaps a new language. It's crucial to think about how he'll respond to these difficulties.

6. Expense: Tuition, living costs, and travel expenditures can all add up to make studying abroad prohibitively expensive. Consider the financial factors and look into scholarship and financial aid assistance alternatives.

7. Admission Prerequisites: Getting into prestigious colleges abroad can be tough, just as admission may be competitive in India. Examine your son's eligibility by looking up the entrance standards for the colleges he is considering.

8. Various Alternatives: Investigate further alternatives in India. There are respected institutions in India that provide BBA programs, and some colleges collaborate with foreign institutions to offer exchange programs that could give students a worldwide experience.

9. Future Plans: Your son's long-term career aspirations should be discussed, as well as how studying abroad fits into those ambitions. It's critical to take a career that supports his goals.

The choice should ultimately be based on your son's preferences, skills, and long-term objectives. Include him in the decision-making process and urge him to look into and get in touch with current or former students or alumni of the school he's thinking about.

Consult educational professionals, attend informational workshops, and look into the universities and nations he prefers before making a decision. This guarantees a well-informed decision for your son's requirements and goals.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |438 Answers  |Ask -

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.

For more information, you can visit our website.

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R P

R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Jan 30, 2024

Asked by Anonymous - Jan 30, 2024Hindi
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My son is 21 year old having Learning Deficiency and also ADHD. he failed in last year BA and not likely to clear this year also. He is passionate for fitness & bodybuilding and not keen to pursue anything else. What should be his career path?
Ans: I understand that your son is passionate about fitness and bodybuilding. It’s great to hear that he has a clear interest in a particular field. There are many career paths that he can pursue that align with his interests and strengths. Here are some potential career paths that may be suitable for your son:

Fitness Trainer: This career path would allow your son to work with clients to help them achieve their fitness goals. It requires a certification, which can be obtained through a variety of programs.
Athletic Coach: Your son could consider becoming a coach for a sports team or individual athletes. This would allow him to share his knowledge and passion for fitness with others.
Physical Therapist: Physical therapy is a field that focuses on helping people recover from injuries and illnesses. It requires a degree in physical therapy, but it could be a great fit for someone who is passionate about fitness and helping others.
Sports Nutritionist: A sports nutritionist works with athletes to help them optimize their diets and achieve their fitness goals. This career path requires a degree in nutrition and a certification1.
Personal Trainer: Personal trainers work with clients to help them achieve their fitness goals. They create customized workout plans and provide guidance on nutrition and exercise. Certification is required.
It’s important to note that there are many other career paths that your son could pursue. I recommend that he researches these options and speaks with professionals in the field to determine which path is right for him. It’s also important to keep in mind that everyone has unique strengths and weaknesses, and it’s important to find a career that aligns with those strengths. I wish your son the best of luck in his career search!

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Sushil

Sushil Sukhwani  |438 Answers  |Ask -

Study Abroad Expert - Answered on Apr 18, 2024

Asked by Anonymous - Apr 18, 2024Hindi
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My son is 24 years ,bcom and acca affiliate working for 18 months, wants to higher studies ,which country and course will be good for him
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son has completed his BCom with ACCA and now wishes to pursue higher studies. To answer your question first, I would like to tell you that a number of variables viz., your son’s interests, the location of his choosing, his economic condition, as well as his professional objectives, play a key role in selecting the ideal country and course for his higher education. I would recommend that you take into account the following:

As an answer to your query pertaining to country, I would like to let you know that the UK, well-known for the robust accounting and finance programs it offers, provides a broad range of possibilities for further education, including prominent colleges and universities. Coming to Canada, the country is renowned for its top-tier educational system and friendly atmosphere for overseas students. It is home to a number of universities offering reputed business and accounting programs. Numerous elite universities offering outstanding business and finance programs are located in the USA, providing a myriad of opportunities for international students. For overseas students looking to pursue degrees in accounting and finance, Australia is another sought-after study abroad destination. The country has a robust economy as well as an outstanding educational system.

Concerning your query as to which course will be good for your son, I would like to let you know that he can choose among the courses mentioned below: He can choose to pursue a Master of Science (MSc) in Accounting and Finance: Concentrating on accounting and finance, a specialized master's degree can offer comprehensive knowledge and abilities that are pertinent to your son's professional objectives. Next, based on your son’s professional aspirations, he might choose to pursue professional qualifications viz., CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or ACCA (Association of Chartered Certified Accountants). Your son can also opt for a Master of Business Administration (MBA) degree. For students looking to further their financial and business professions, this is a preferred option. Specialized MBA programs in finance and accounting are offered by a number of universities.

I would suggest that your son conducts an extensive study on and takes into account variables viz., the program’s standing, accreditation, living expenses, post-graduation employment prospects, as well as the possibility of acquiring a work visa or immigration upon graduating. Moreover, in order to gain meaningful information and acquire guidance when making this crucial choice, I would recommend that your son gets in touch with educational counselors, employment consultants, as well as experts in the subject.

For more information, you can visit our website.

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Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 13, 2024Hindi
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Hi I am a female 46 yeras old , my monthly income including my husband is 1,25,000/-. Me & my husband has EPF of 11,00,000/- Shares of 35,00,000/- Mutual Funds of 27,00,000/- , Own house, Bajaj Polices worth 55,00,000/- that will be around 90,00,000/- on maturity after 5 years and other life insurances of 5,00,000/- Gold 700 gms present value being 45,00,000/- and diamond jewelry worth 12,00,000/- . How much should i need to invest more to retire with good money in hand
Ans: You are 46 years old. Your combined monthly income with your husband is Rs. 1,25,000. You have the following assets:

EPF: Rs. 11,00,000
Shares: Rs. 35,00,000
Mutual Funds: Rs. 27,00,000
Own House
Bajaj Policies worth Rs. 55,00,000 (maturing to Rs. 90,00,000 in 5 years)
Other Life Insurances: Rs. 5,00,000
Gold: 700 grams, valued at Rs. 45,00,000
Diamond Jewelry: Rs. 12,00,000
Assessing Your Financial Goals
To create an effective investment plan, we need to identify your financial goals. These may include:

Retirement planning
Children's education and future needs
Healthcare and insurance needs
Current Financial Assets
Let's summarise your current financial assets:

EPF: Rs. 11,00,000
Shares: Rs. 35,00,000
Mutual Funds: Rs. 27,00,000
Bajaj Policies (current value): Rs. 55,00,000
Life Insurances: Rs. 5,00,000
Gold: Rs. 45,00,000
Diamond Jewelry: Rs. 12,00,000
Monthly Savings and Investments
After accounting for your monthly expenses, let's assume you can save a significant portion of your income.

Investment Strategy
1. Emergency Fund:

Maintain an emergency fund covering 6-12 months of expenses. This should be in a liquid fund or savings account.

2. Surrender Investment-cum-Insurance Policies:

Surrender your Bajaj policies and other investment-cum-insurance policies. Reinvest the proceeds into mutual funds. This can potentially offer higher returns.

3. EPF and Mutual Funds:

Continue contributions to EPF and mutual funds. These offer good returns over the long term.

4. Shares:

Diversify your stock portfolio. Consider investing in companies with strong growth potential.

5. Gold and Jewelry:

Gold and diamond jewelry are good long-term assets. Consider them as part of your wealth.

Monthly Investment Allocation
Retirement Planning:

Invest Rs. 50,000 per month in mutual funds.
Choose a mix of equity and debt funds.
Actively managed funds can outperform index funds.
Children's Education and Future:

Allocate Rs. 25,000 per month for their future.
Invest in child-specific mutual funds or education plans.
Healthcare and Insurance Needs:

Ensure adequate health insurance coverage.
Review and adjust your insurance policies.
Risk Management
1. Diversification:

Spread investments across different assets. This reduces risk and ensures stability.

2. Insurance:

Ensure comprehensive insurance coverage. Health and term insurance are essential.

Tax Planning
1. Tax-efficient Investments:

Invest in tax-saving instruments like ELSS. These offer tax benefits and potential growth.

2. Tax-saving Strategies:

Utilise strategies to reduce tax liability. Plan investments to maximise tax benefits.

Monitoring and Review
1. Regular Monitoring:

Monitor your investments regularly. Track performance and make necessary adjustments.

2. Annual Review:

Review your financial plan annually. Assess progress and adjust investments based on performance.

Estimating Retirement Corpus
Assuming a balanced portfolio, you can expect an annual return of 10-12%. To determine the exact corpus needed for retirement, consider your desired lifestyle and expenses. Consulting with a Certified Financial Planner (CFP) will provide a detailed analysis and accurate estimate.

Final Insights
Achieving a comfortable retirement requires disciplined planning. Surrender investment-cum-insurance policies and reinvest in mutual funds. Invest systematically, diversify your portfolio, and utilise tax-saving strategies. With careful planning and professional guidance, you can build a secure financial future and achieve your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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Hi, I am 42 years old Software Engineer. My Earnings are my monthly salary of 1.5 lakh/month and 25k/month rental income from my own house and 10k/month from dividends from Stocks. I have 5 dependents(Parents, Wife, Daughter(10 yrs) & Son(7 yrs). My monthly expenses are around 80,000 per month. 1) EPF – 30 Lakh 2) PPF – Maturing in 2028 with around 15 Lakh maturity amount. 3) ULIP – Maturing in 2027 with around 14 Lakh maturity amount. 4) LIC Endowment Policy – Maturing in 2027 with around 7 Lakh maturity amount. 5) Mutual Funds – Invested 6.5 Lakh and Current value is around 10 Lakh. 6) Direct Stocks – Invested 33.5 Lakh and Current value is around 76 Lakh. 7) Have investments in SGB’s, NCD’s, BOND’s, CD’s of around 5 Lakh. I am planning to retire in next 2- 3 years; do you see any impediments?. Can you provide any suggestions as I am not liking to work in IT field.
Ans: Current Financial Situation
Income and Expenses
Monthly Salary: Rs 1.5 lakhs
Rental Income: Rs 25,000
Dividends from Stocks: Rs 10,000
Total Monthly Income: Rs 1.85 lakhs
Monthly Expenses: Rs 80,000
Dependents
You support five dependents: parents, wife, daughter (10 years), and son (7 years). This means your financial planning should ensure their well-being.

Investments
EPF: Rs 30 lakhs
PPF: Rs 15 lakhs (maturing in 2028)
ULIP: Rs 14 lakhs (maturing in 2027)
LIC Endowment Policy: Rs 7 lakhs (maturing in 2027)
Mutual Funds: Invested Rs 6.5 lakhs, current value Rs 10 lakhs
Direct Stocks: Invested Rs 33.5 lakhs, current value Rs 76 lakhs
SGBs, NCDs, Bonds, CDs: Rs 5 lakhs
Financial Analysis
Assets and Maturities
You have significant investments maturing in the next few years. This includes your PPF, ULIP, and LIC Endowment Policy, totaling Rs 36 lakhs. Your direct stocks and mutual funds are also performing well.

Monthly Income vs. Expenses
Your current monthly income is Rs 1.85 lakhs, while your expenses are Rs 80,000. This leaves you with a monthly surplus of Rs 1.05 lakhs, which is a strong position.

Retirement Planning
You plan to retire in 2-3 years. Given your investments and income, this is feasible, but it requires careful planning to ensure long-term financial stability.

Recommendations
Diversify Investments
Mutual Funds:

Increase your investments in actively managed mutual funds. They offer higher returns and are managed by professionals.
Direct Stocks:

Continue investing in direct stocks, but diversify to reduce risk. Avoid putting too much in one sector or company.
Debt Instruments:

Consider more investments in debt instruments like SGBs, NCDs, and Bonds. They provide stable returns and lower risk.
Review Insurance Policies
ULIP and Endowment Policy:

These policies are set to mature soon. Once they mature, consider reinvesting the proceeds into higher-yielding options like mutual funds or debt instruments.
Additional Health Insurance:

Ensure you have adequate health insurance coverage for you and your dependents. Medical costs can be significant, especially post-retirement.
Emergency Fund
Maintain Liquidity:

Keep an emergency fund equivalent to at least 6 months of expenses. This should be in a liquid and accessible form, like a high-interest savings account or liquid mutual fund.
Future Education and Marriage of Children
Education Fund:

Start a dedicated education fund for your children. Consider child-specific mutual funds to ensure you have enough for their higher education.
Marriage Fund:

Plan for your children's marriages by investing in balanced or hybrid funds that offer a mix of equity and debt.
Retirement Corpus Growth
Systematic Withdrawal Plan (SWP):

Post-retirement, consider an SWP from your mutual funds to ensure a steady monthly income. It’s tax-efficient and offers better returns than traditional fixed deposits.
EPF and PPF:

Your EPF is already substantial and earning interest. Keep it until retirement to maximise returns. The PPF maturing in 2028 will also provide a lump sum that can be reinvested.
Final Insights
Your financial situation is strong, with a well-diversified portfolio and substantial assets. Focus on:

Reducing high-risk exposure and diversifying investments.
Planning for your children’s future needs.
Ensuring adequate insurance coverage.
Maintaining liquidity for emergencies.
Maximising retirement corpus growth through strategic investments.
Consult with a Certified Financial Planner for personalised advice. They can help you tailor your strategy to your specific needs and ensure a smooth transition into retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 13, 2024Hindi
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Hi, I am 46, I have 1.9 cr in fds. Have a house loan free No loans Planing fr retirement now. Iam job less & no buisness Suggest monthly fixed returns??
Ans: You are 46 years old and currently jobless. You have Rs. 1.9 crore in fixed deposits. Your house is loan-free, and you have no other loans. Your primary goal is to plan for retirement and generate a steady monthly income.

Evaluating Your Current Investments
Fixed Deposits:

Fixed deposits offer safety and guaranteed returns.
They have low interest rates compared to other investments.
Interest from FDs is fully taxable.
Investment Strategy for Monthly Income
1. Systematic Withdrawal Plans (SWPs):

SWPs from mutual funds can provide regular income.
They offer tax efficiency compared to FDs.
You can choose the withdrawal amount and frequency.
2. Debt Mutual Funds:

Debt funds are safer and provide better returns than FDs.
They invest in government and corporate bonds.
Consider short-term or medium-term debt funds for stability.
3. Senior Citizens' Savings Scheme (SCSS):

SCSS is a government-backed scheme.
It offers regular income and tax benefits.
You can invest a lump sum up to Rs. 15 lakh.
4. Monthly Income Plans (MIPs):

MIPs are hybrid funds with a mix of debt and equity.
They offer regular income with some growth potential.
They are less risky than pure equity funds.
5. Post Office Monthly Income Scheme (POMIS):

POMIS is a safe investment with regular monthly income.
It offers guaranteed returns.
You can invest up to Rs. 9 lakh jointly.
Recommended Allocation
Systematic Withdrawal Plans (SWPs):

Invest Rs. 70 lakh in balanced or hybrid mutual funds.
Set up SWPs to withdraw a fixed amount monthly.
Debt Mutual Funds:

Invest Rs. 50 lakh in debt mutual funds.
Choose funds with a good track record and low risk.
Senior Citizens' Savings Scheme (SCSS):

Invest Rs. 15 lakh in SCSS.
This offers regular interest payments.
Monthly Income Plans (MIPs):

Invest Rs. 40 lakh in MIPs.
They provide a balance of income and growth.
Post Office Monthly Income Scheme (POMIS):

Invest Rs. 9 lakh in POMIS.
It offers a secure, regular income.
Setting Up Your Monthly Income
Calculate Monthly Needs:

Estimate your monthly expenses.
Ensure your investments generate enough income to cover these expenses.
Set Up Automated Withdrawals:

Automate SWPs and other monthly payouts.
This ensures consistent cash flow without manual intervention.
Additional Tips
1. Tax Efficiency:

Choose investments with tax-efficient returns.
SWPs and debt funds have lower tax liabilities than FDs.
2. Regular Review:

Review your portfolio every six months.
Adjust based on performance and changing needs.
3. Emergency Fund:

Maintain an emergency fund for unexpected expenses.
Ensure this fund covers at least six months of expenses.
4. Adequate Insurance:

Ensure you have sufficient health and life insurance.
Review your policies to ensure they meet your current needs.
Final Insights
At 46, planning for retirement is crucial. With Rs. 1.9 crore in fixed deposits, you have a strong foundation. Diversify your investments to balance safety, growth, and regular income. Systematic Withdrawal Plans, debt mutual funds, and government schemes can provide the steady monthly income you need.

Stay disciplined and review your investments regularly. This approach will help you achieve financial stability and a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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Hi I am 42 years old and am married with 2 daughters. My monthly take home is 1.8 lakhs and have an additional fixed income of 1 lakh. I need 1 lakh for monthly maintenance of my home including my car loan of 40 thousand. Can you please share me a investment plan for the future. When can I have enough investment to retire.
Ans: You are 42 years old. You are married with two daughters. Your monthly take-home pay is Rs. 1.8 lakhs. You also have a fixed income of Rs. 1 lakh. Your monthly expenses are Rs. 1 lakh, which includes a car loan of Rs. 40,000.

Assessing Your Financial Goals
To create an investment plan, we need to identify your financial goals. Key goals may include:

Children's education and marriage
Retirement planning
Paying off the car loan
Building an emergency fund
Monthly Savings and Investments
Your total income is Rs. 2.8 lakhs per month. After expenses, you have Rs. 1.8 lakhs available for savings and investments.

Investment Strategy
1. Emergency Fund:

First, ensure you have an emergency fund. This should cover 6-12 months of expenses. Set aside Rs. 6-12 lakhs for this purpose. Keep it in a liquid fund or savings account.

2. Debt Repayment:

Your car loan is Rs. 40,000 monthly. Ensure timely repayments to avoid penalties. If possible, consider pre-paying the loan to reduce interest costs.

3. Children's Education and Marriage:

Start investing in child-specific funds. Education and marriage expenses can be high. Estimate the costs and start SIPs (Systematic Investment Plans) in mutual funds.

4. Retirement Planning:

Invest systematically for retirement. Diversify your investments across:

Mutual Funds:
Choose a mix of equity and debt funds.
Actively managed funds can offer better returns than index funds.
Public Provident Fund (PPF):
Offers tax benefits and guaranteed returns.
National Pension System (NPS):
Provides an additional tax benefit and helps build a retirement corpus.
5. Monthly Investment Allocation:

Emergency Fund: Rs. 6-12 lakhs initially
Children's Education and Marriage: Rs. 40,000 per month
Retirement Planning: Rs. 1 lakh per month
Car Loan Repayment: Rs. 40,000 per month
Remaining amount can be allocated to other investment options like mutual funds or debt instruments.
Risk Management
1. Diversification:

Diversify your investments to reduce risk. Invest in a mix of equities, debt, and fixed-income instruments.

2. Insurance:

Ensure adequate insurance coverage. Health insurance and term insurance are essential. They protect your family and assets.

Tax Planning
1. Tax-efficient Investments:

Invest in tax-saving instruments. ELSS funds, PPF, and NPS offer tax benefits.

2. Tax-saving Strategies:

Utilise strategies to reduce tax liability. Plan investments to maximise tax benefits under Section 80C, 80D, and others.

Monitoring and Review
1. Regular Monitoring:

Monitor your investments regularly. Track performance and make adjustments as needed.

2. Annual Review:

Review your financial plan annually. Assess progress towards your goals. Adjust investments based on performance.

When Can You Retire?
To determine your retirement timeline, consider:

Your desired retirement corpus
Your current savings and investments
Your monthly contributions
Expected rate of return on investments
Assuming a balanced portfolio with a mix of equity and debt, you can expect an average annual return of 10-12%. Based on your current savings and investments, a rough estimate can be made. However, consulting with a Certified Financial Planner (CFP) can provide a detailed analysis and a more accurate timeline.

Final Insights
Achieving your financial goals requires disciplined planning and regular monitoring. Invest systematically, diversify your portfolio, and utilise tax-saving strategies. With careful planning and professional guidance, you can build a secure financial future and achieve your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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I am 35 and have a monthly income of 50000 and my savings are zero and all my commitment are cleared. I am ready to invest 12000 per month for the next 25 years. Can u please suggest how and where to invest.
Ans: At 35, with a monthly income of Rs. 50,000 and no current savings, you have a great opportunity to start building your financial future. Investing Rs. 12,000 per month over the next 25 years can help you achieve significant wealth. Here’s a detailed plan to guide your investments.

Investment Strategy
1. Diversified Portfolio:

Equity Mutual Funds: These funds have the potential for high returns over the long term.
Debt Mutual Funds: These funds provide stability and lower risk.
Gold: A small portion in gold can act as a hedge against inflation.
Fixed Deposits: While they offer lower returns, they add safety to your portfolio.
2. Systematic Investment Plan (SIP):

SIPs help in disciplined investing.
They average out market volatility over time.
Investing Rs. 12,000 monthly through SIPs will ensure regular and consistent investments.
Recommended Allocation
Equity Mutual Funds:

Allocate 60% of your investment to equity mutual funds.
This equals Rs. 7,200 per month.
Choose a mix of large-cap, mid-cap, and small-cap funds for diversification.
Debt Mutual Funds:

Allocate 20% to debt mutual funds.
This equals Rs. 2,400 per month.
These funds provide stability and reduce overall portfolio risk.
Gold:

Allocate 10% to gold.
This equals Rs. 1,200 per month.
Invest through gold bonds or gold ETFs.
Fixed Deposits:

Allocate 10% to fixed deposits.
This equals Rs. 1,200 per month.
This provides a safety net and liquidity.
Step-by-Step Plan
1. Start with Emergency Fund:

Build an emergency fund to cover 6 months of expenses.
Use your fixed deposit allocation to build this fund initially.
2. Begin SIPs:

Set up SIPs for equity mutual funds, debt mutual funds, and gold.
Automate your investments to ensure consistency.
3. Review and Adjust:

Review your portfolio every six months.
Adjust your allocations based on performance and market conditions.
4. Increase Investment Over Time:

Aim to increase your monthly investment by 5-10% annually.
This helps in countering inflation and increasing wealth.
Choosing the Right Funds
Equity Mutual Funds:

Look for funds with a consistent track record.
Choose funds managed by experienced fund managers.
Diversify across different sectors and market capitalizations.
Debt Mutual Funds:

Opt for funds with lower credit risk.
Look for funds that invest in high-quality debt instruments.
Consider funds with a good track record of stable returns.
Gold Investments:

Prefer sovereign gold bonds for better returns.
Gold ETFs offer liquidity and ease of investment.
Additional Tips
1. Tax Planning:

Utilize tax-saving mutual funds (ELSS) for tax benefits.
ELSS funds have a lock-in period of three years but offer tax deductions.
2. Financial Discipline:

Avoid withdrawing from your investments prematurely.
Stick to your investment plan regardless of market fluctuations.
3. Knowledge and Awareness:

Stay informed about market trends and financial news.
Consider consulting a Certified Financial Planner for personalized advice.
Final Insights
Starting your investment journey at 35 with a disciplined approach can yield significant returns over 25 years. Diversify your portfolio across equity, debt, gold, and fixed deposits to balance risk and reward. Regularly review and adjust your investments to stay on track with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 13, 2024Hindi
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Hello, I want to invest 3lakh amount for a short period of 6 months. What is the best way to do it?
Ans: Short-Term Investment Options
When investing for a short period like 6 months, safety and liquidity are paramount. Here are some suitable investment options:

Fixed Deposits (FDs)
Bank Fixed Deposits:

Safety: High, as they are backed by the bank.
Interest Rate: Typically 3-5% for short-term deposits.
Liquidity: Moderate, with penalties for early withdrawal.
Post Office Time Deposits:

Safety: Very high, as they are backed by the government.
Interest Rate: Similar to bank FDs.
Liquidity: Moderate, with penalties for early withdrawal.
Liquid Mutual Funds
Description:

Safety: Moderate to high, as they invest in short-term government and corporate securities.
Returns: Typically 3-6%, higher than savings accounts.
Liquidity: High, with redemption usually processed within 24 hours.
Ultra Short-Term Debt Funds
Description:

Safety: Moderate, slightly higher risk than liquid funds.
Returns: Typically 4-7%.
Liquidity: High, but may take a few days for redemption.
Savings Accounts
High-Interest Savings Accounts:

Safety: High.
Interest Rate: Typically 3-4%.
Liquidity: Very high, with easy access to funds.
Money Market Accounts
Description:

Safety: High, as they invest in low-risk securities.
Returns: Typically 3-4%.
Liquidity: Very high, with easy access to funds.
Considerations
Risk Tolerance: Choose an option that matches your risk tolerance. For a 6-month period, lower-risk options are generally preferable.

Liquidity Needs: Ensure the investment option allows easy access to funds without significant penalties.

Returns: Look for options that offer the best returns for the risk level you're comfortable with.

Final Insights
Given your need for a short-term investment of 3 lakhs for 6 months, the following options stand out:

Liquid Mutual Funds: These offer better returns than savings accounts and have high liquidity.

Bank Fixed Deposits: Safe and offer moderate returns, but check for any penalties on early withdrawal.

High-Interest Savings Accounts: Offer easy access to funds with decent returns.

Evaluate the specifics of each option based on your preferences for risk, return, and liquidity. Consulting with a Certified Financial Planner can provide personalized advice tailored to your financial situation.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 14, 2024Hindi
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Currently I am 54 years old & following is the corpus build till now, left job / voluntarily retired 3 months ago, need financial advise for future!!!! 1. Total 3 nos Flat owned, current market value a. Rs 2.60 Cr (out of which Rs 1.25 Cr Home loan balance OD a/c) b. Rs 1.4Cr & c. Rs 35 Lacs (currently residing) 2. Rs 90 Lacs Cash parked in OD Home loan a/c 3. Rs 90 lacs accumulated in EPF a/c, getting interest & not planning to withdraw till 58 years of retire age. 4. Receiving monthly Rent from Flat a. & b. = Rs. 1 lac + Rs 50k = Rs. 1.5 Lac/month 5. Rs 2 Lakhs in Equity 6. Term insurance - 1.25 Cr+ 1Cr = 2.25 Cr Liability:- a. Daughters education (1 year in India & 2 years Masters in Australia + Marriage b. Rs 90 lacs home loan balance as. Stated above... c. monthly Expenses - 75k Kindly suggest investment ideas to increase corpus for healthy retirement .. Thanks & Regards
Ans: Real Estate Assets
You own three flats with a total market value of Rs 4.35 crores. The first flat has a home loan balance of Rs 1.25 crores. The second and third flats have a combined market value of Rs 1.75 crores.

This is a significant asset base. The rental income from these properties is Rs 1.5 lakhs per month. This steady income is a positive aspect of your portfolio.

Cash Reserves
You have Rs 90 lakhs parked in your OD home loan account. This reduces the interest burden on your home loan. It's wise to keep this amount liquid for emergencies and short-term needs.

EPF Accumulation
Your EPF account has Rs 90 lakhs. It’s generating interest, and you plan to keep it until 58 years. This is a good strategy for tax-efficient growth.

Equity Investments
You have Rs 2 lakhs in equity investments. This is a small part of your portfolio. Equities can provide high returns but come with high risks. Diversification is essential to balance risk and return.

Insurance Coverage
You have term insurance coverage of Rs 2.25 crores. This ensures financial security for your family in case of an unfortunate event.

Liabilities and Obligations
Your primary liabilities include:

Rs 1.25 crore home loan balance.
Funding your daughter's education and marriage.
Monthly expenses of Rs 75,000.
Investment Strategy for Healthy Retirement
Debt Management
Continue using the Rs 90 lakhs in your OD account to reduce the home loan interest. Pay off the home loan faster to reduce financial stress. This will improve your cash flow.

Rental Income
Ensure your rental properties are well-maintained. This will help retain tenants and maintain rental income. Consider rental agreements for security.

Equity Investments
Increase your exposure to equity investments. Equity mutual funds can provide better returns than direct stocks. Consider large-cap and diversified equity funds. This will balance risk and returns.

Systematic Withdrawal Plan (SWP)
Start an SWP from your mutual funds after you retire fully. This will provide a steady monthly income. It’s tax-efficient and offers better returns than fixed deposits.

Emergency Fund
Keep at least 6 months of expenses as an emergency fund. This should be in a liquid and accessible form. Consider liquid mutual funds or high-interest savings accounts.

Health Insurance
Ensure you have adequate health insurance. Medical costs can be high, especially in retirement. A family floater health insurance plan is recommended.

Daughter’s Education and Marriage
Start a separate fund for your daughter’s education and marriage. Consider child-specific mutual funds. This will ensure you have enough when needed without affecting your retirement corpus.

Retirement Corpus Growth
Maximize your retirement corpus growth by investing in a mix of debt and equity funds. A balanced fund can provide a good mix of stability and growth. Regular funds with a Certified Financial Planner’s guidance can help optimize returns.

Tax Planning
Utilize tax-saving instruments to reduce your tax liability. ELSS funds can offer tax benefits under Section 80C. Plan withdrawals from your EPF and other investments to minimize tax.

Regular Reviews
Regularly review your investment portfolio. Adjust your investments based on market conditions and your financial goals. A Certified Financial Planner can help you stay on track.

Final Insights
Your current financial situation is strong. Focus on reducing liabilities, optimizing returns, and planning for your daughter’s future. Maintain adequate insurance and an emergency fund.

Consult a Certified Financial Planner for personalized advice. They can help tailor a strategy to your needs and ensure a healthy, stress-free retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 14, 2024Hindi
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I am 36 yrs Old with saving of 80 lac and can invest 1.5 lac everymonth. I want to retire at 45 and pursue my habby. I don't enjoy working and have been largely unsatisfied with my Job. My monthly expenses is 35K and have no Debt. Is it possible to accumulate a corpus of 5-6 cr in the next 9-10 years
Ans: Your savings are Rs. 80 lakh. You can invest Rs. 1.5 lakh every month. You aim to retire at 45. Your current age is 36. Your monthly expenses are Rs. 35,000. You have no debt. Let's evaluate your goals and create a plan.

Assessing Retirement Goals
Your target corpus is Rs. 5-6 crore in 9-10 years. This is achievable with disciplined planning. Consistent investments and strategic asset allocation are key.

Investment Strategy
1. Monthly Investments:

Invest Rs. 1.5 lakh monthly. Diversify across asset classes. Consider a mix of mutual funds and other investment options.

2. Mutual Funds:

Actively managed funds can outperform index funds. They offer better potential returns. Choose funds with a strong track record.

3. Equity Investments:

Equities can offer high returns over the long term. Diversify your portfolio. Balance between large-cap, mid-cap, and small-cap stocks.

4. Debt Instruments:

Include debt funds for stability. They offer lower risk compared to equities. They provide steady returns.

5. Fixed Deposits:

FDs offer guaranteed returns. They are low-risk investments. Include them in your portfolio for stability.

6. Balanced Allocation:

Maintain a balanced allocation. Adjust based on market conditions. Review and rebalance your portfolio regularly.

Risk Management
1. Diversification:

Spread your investments. Reduce risk by diversifying. Don’t put all your money in one asset class.

2. Emergency Fund:

Maintain an emergency fund. It should cover 6-12 months of expenses. This provides financial security.

3. Insurance:

Ensure you have adequate insurance. Health and term insurance are essential. They protect your family and assets.

Tax Planning
1. Tax-efficient Investments:

Choose tax-saving instruments. ELSS funds can offer tax benefits. They also provide potential growth.

2. Tax-saving Strategies:

Use strategies to reduce tax liability. Invest in options under Section 80C. Plan investments to maximise tax benefits.

Monitoring and Review
1. Regular Monitoring:

Monitor your investments regularly. Track performance. Make adjustments as needed.

2. Annual Review:

Review your financial plan annually. Assess progress towards your goal. Adjust investments based on performance.

Benefits of a Certified Financial Planner
1. Expertise:

A Certified Financial Planner (CFP) offers expertise. They provide professional advice tailored to your goals.

2. Guidance:

A CFP guides you through complex financial decisions. They help optimise your investment strategy.

3. Monitoring:

A CFP monitors your investments. They make adjustments to align with your goals.

4. Support:

A CFP offers ongoing support. They help you stay on track. They provide peace of mind.

Final Insights
Achieving a corpus of Rs. 5-6 crore in 9-10 years is possible. Consistent investments, diversification, and strategic planning are key. Regular monitoring and professional guidance will help you reach your goal.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5001 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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Age 42 years currently draw 30 lac per annum have Sip in mutual fund 30000 month Shares sip 20000 month Gold sip 5000 month Current portfolio Mutual fund 30lac Shared 20 lac Gold bond 2 lac Fd 3lac Family of 4 and 2 kids 1 in 5th and other in kg Current expenses are 75000 and Want 1.5 lac per month post retirement at 55 years How to invest further
Ans: Current Financial Overview
You have a robust portfolio and consistent investments. Your annual income is Rs. 30 lakh, and your expenses are Rs. 75,000 per month. You are investing Rs. 30,000 in mutual fund SIPs, Rs. 20,000 in shares SIPs, and Rs. 5,000 in gold SIPs each month. Your portfolio includes Rs. 30 lakh in mutual funds, Rs. 20 lakh in shares, Rs. 2 lakh in gold bonds, and Rs. 3 lakh in fixed deposits.

Your goal is to retire at 55 with a monthly income of Rs. 1.5 lakh. Let's evaluate and plan for this goal.

Evaluating Current Investments
Mutual Funds:

You have Rs. 30 lakh in mutual funds.
Investing Rs. 30,000 per month in SIPs.
Mutual funds provide good returns over the long term.
Shares:

You have Rs. 20 lakh in shares.
Investing Rs. 20,000 per month in SIPs.
Shares can be volatile but offer high returns.
Gold:

You have Rs. 2 lakh in gold bonds.
Investing Rs. 5,000 per month in SIPs.
Gold is a safe investment but grows slowly.
Fixed Deposits:

You have Rs. 3 lakh in FDs.
FDs provide safety but lower returns.
Investment Strategy Moving Forward
Increase Mutual Fund Investments:

Mutual funds offer diversification and professional management.
Consider increasing your SIP in mutual funds for long-term growth.
Review Share Investments:

Ensure your share investments are in well-researched companies.
Regularly review and adjust your share portfolio for better returns.
Gold Investments:

Gold adds stability but has lower growth.
Keep your gold SIP but focus more on mutual funds and shares.
Fixed Deposits:

FDs are safe but offer low returns.
Limit your FD exposure and invest more in higher-return assets.
Planning for Retirement
Set Clear Goals:

Your target is Rs. 1.5 lakh per month post-retirement.
Break down this goal into smaller, achievable milestones.
Regular Review:

Review your portfolio every six months.
Adjust based on market conditions and personal goals.
Diversify Your Portfolio:

Continue diversifying across asset classes.
Balance risk and return according to your risk tolerance.
Emergency Fund:

Maintain an emergency fund for unexpected expenses.
Ensure this fund covers at least 6-12 months of expenses.
Insurance and Contingency:

Have adequate health and life insurance.
Review your policies to ensure sufficient coverage.
Education and Child Planning
Child Education Fund:

Start investing in a dedicated fund for your children’s education.
Consider child-specific mutual funds or balanced funds.
Systematic Withdrawal Plans:

Post-retirement, consider SWPs for regular income.
SWPs from mutual funds can provide tax-efficient regular income.
Final Insights
Your current investments are commendable. You have a diversified portfolio and a clear retirement goal.

To achieve your target, consider increasing your investments in mutual funds and shares. Review your portfolio regularly and adjust based on market conditions.

Ensure you have a robust emergency fund and adequate insurance coverage. Start a dedicated fund for your children’s education.

This balanced approach will help you achieve financial independence and a comfortable retirement.

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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