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Geeta

Geeta Ratra  |125 Answers  |Ask -

Visas, Study Abroad Expert - Answered on Nov 07, 2023

Geeta Ratra has been an immigration expert for more than two decades and has strong knowledge of international immigration policies and procedures. She is vice president, operations, at Abhinav Immigration Services. Besides visa and immigration services, they also provide study abroad advice that includes application assistance, counselling and university shortlisting.... more
Asked by Anonymous - Oct 01, 2023Hindi
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I want to pursue ph d biology or biotech course in foreign universities of America or German

Ans: That's a great goal! Both the USA and Germany have excellent options for Ph.D. programs in biology and biotechnology. Research specific universities and their admission requirements for a tailored approach.
for more information, please visit our website.
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Sushil

Sushil Sukhwani  |335 Answers  |Ask -

Study Abroad Expert - Answered on Nov 24, 2023

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Sir/ma'am I am undergraduate holding an mbbs degree nd want to pursue MD from abroad in English medium from Germany.
Ans: Hello Vivek,

To begin with, thank you for contacting us. I am happy to hear that you already hold an MBBS degree and now wish to pursue a Doctor of Medicine (MD) degree abroad. To answer your question first, I would like to tell you that owing to the well-known healthcare system and top-notch education in Germany, pursuing an MD degree in the country can be a wise decision.

You would be glad to know that international students can choose from a vast array of English-medium MD programs offered in Germany. Nevertheless, the procedure may entail a few steps. To begin with, you ought to make sure that the relevant authorities in Germany acknowledge your MBBS degree. Remember that even though a number of MD programs in Germany are taught in the English language, you will be required to demonstrate your fluency in the language through appearing for tests viz., the TOEFL or IELTS. In addition, you might also need to demonstrate your ability to speak German. I would recommend that you conduct an all-round study and shortlist universities that offer Doctor of Medicine (MD) programs in order to select the one that best resonates with your interests, you should fulfill their unique prerequisites for admission. Not just that, I also suggest that you acquaint yourself with the financial considerations, guidelines for obtaining a visa, as well as any requirements to be met in order to practise medicine in the country (Germany) upon earning your MD degree.

I would like to tell you that enrolling in an MD program overseas calls for careful planning, comprehending the prerequisites, as well as requires you to adjust to a new academic and cultural setting. You will be able to gain exposure to a variety of medical practices, as well as widen your horizons in the field, thus, it offers an excellent chance for both, individual and career development.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |335 Answers  |Ask -

Study Abroad Expert - Answered on Apr 13, 2024

Asked by Anonymous - Mar 19, 2024Hindi
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Hello, I’m pursuing BTech Biotechnology and want to go for Masters ahead with Business oriented programs with Biotechnology. And came across few program in US and Europe. Where should go for?
Ans: Hello,

To begin with, thank you for contacting us. I am glad to hear that you are currently pursuing your Bachelor of Technology in Biotechnology after which you intend pursuing your Master's. To answer your question first, I would like to let you know that a number of variables viz., your individual choices, monetary concerns, professional objectives, as well as the particular programs provided by universities in each country play a key role in deciding between pursuing a Master's in Business with a concentration on Biotechnology in the USA or Europe. In order to make an informed choice, I would suggest that you take into account these steps:

Firstly, when deciding between the USA and Europe to pursue your Master's degree, take into account variables viz., the standard of living, individual choices, and variations in culture. Consider where you would be most comfortable living and learning throughout the course of your Master's program. Next, conduct a study on the course offerings and standing of the programs in both the countries that pique your interest. I would suggest that you search for programs that have a proven track record of producing successful graduates and that offer a balance between business and biotechnology studies. Remember, if you are thinking about enrolling in European programs, language can be an issue. Although a number of programs are available in English, fluency in the native language may be mandatory for a few, particularly for networking and internship possibilities. Next, I would suggest that you examine the tuition fees and costs of living in both the countries. Especially for overseas students, studying in Europe may be comparatively cheaper than studying in the USA. Look into the various grants, scholarships, and other forms of monetary assistance offered by both the countries. As the next step, I would recommend that you look into the possibilities for networking in each region. The USA’s biotechnology sector is vast and diversified, providing a wealth of opportunities for networking, internships, and job placements. Europe, on the other hand, is home to flourishing biotechnology hubs in nations viz., Switzerland, the UK, and Germany that provide possibilities for networking with biotech businesses and associations. Lastly, explore the post-graduate employment possibilities and visa rules in both the nations. Optional Practical Training (OPT) is offered to overseas students in the USA, which permits them to work for a maximum of 3 years post graduation in their area of expertise. Also, look into any post-graduate work visa alternatives that European nations may provide. Your unique priorities and situation will determine the optimal choice for you, and thus, prior to making a decision, I would recommend that you conduct a comprehensive study and compare programs offered by both, the USA and Europe.

For more information, you can visit our website.

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Latest Questions
Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 27, 2024Hindi
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I am 52 and want to retire now. Want to have 2 lac/ month income. My corpus has 4.5Cr in FDs/EPF/PPF, 30 Lac in MFs, 75 Lac in Stocks. No liabilities. Let me know how should i invest my funds to get desired or better income
Ans: Congratulations on reaching this milestone and planning for your retirement! With your substantial corpus and clear income goal, here are some suggestions on how you can invest your funds to generate a monthly income of 2 lakhs:

Fixed Deposits (FDs):
While FDs offer stability and guaranteed returns, they typically provide lower returns compared to other investment options. Consider keeping a portion of your corpus in FDs to ensure liquidity and meet short-term expenses.
Equity Mutual Funds (MFs) and Stocks:
Given your long investment horizon and the need for higher returns to sustain your desired income, consider allocating a significant portion of your portfolio to equity MFs and individual stocks.
Equity investments have the potential to generate higher returns over the long term but come with higher volatility. Diversify your equity portfolio across different sectors and market caps to manage risk.
Systematic Withdrawal Plan (SWP):
Consider setting up a Systematic Withdrawal Plan (SWP) from your MF investments to generate a regular income stream. You can specify the withdrawal amount and frequency based on your income needs.
SWP allows you to liquidate a portion of your MF units systematically while keeping the remaining investment intact to continue growing.
Dividend Income:
If you have invested in dividend-paying stocks or equity MFs, you can receive regular dividend income. However, dividend payouts are subject to market conditions and may vary over time.
Retirement-oriented Investments:
Explore retirement-focused investment options like Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY), or annuity plans from insurance companies.
These instruments offer regular income with varying degrees of safety and liquidity.
Consult a Financial Advisor:
Given the complexity of retirement planning and the need for personalized advice, consider consulting a Certified Financial Planner.
A professional can assess your financial situation, risk tolerance, and income needs to create a customized retirement plan and recommend suitable investment strategies.
Remember to regularly review your investment portfolio and adjust your asset allocation and withdrawal strategy based on changing market conditions and your evolving financial needs. With careful planning and disciplined investing, you can achieve your goal of generating a monthly income of 2 lakhs in retirement. Best of luck on your retirement journey!

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 28, 2024Hindi
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Sir, i have 6 No of Mutual fund 1.SBI small cap 1000 per month 2. SBI focused equity 1000 per month 3. SBI blue chip fund 1000 per month 4. Nippon india small cap 500 per month 5.Quant small cap fund 1000 per month 6. Parag parikh flexi cap 1000 per month Is these MF are good or i need to change any fund. SBI fund are almost 2.6 year old. I have time horizon of 10 to 15 years.Now i am 38 year old.
Ans: It's great that you're investing in mutual funds for your future financial goals! Let's review your current mutual fund portfolio and make some suggestions:

SBI Small Cap, SBI Focused Equity, and SBI Blue Chip Fund:
SBI Funds are reputable and have a track record of performance. However, it's essential to review their performance periodically to ensure they continue to meet your investment objectives.
Nippon India Small Cap and Quant Small Cap Fund:
Small-cap funds can offer high growth potential but also come with higher risk. Ensure you have a long-term investment horizon and the risk tolerance to withstand market volatility.
Parag Parikh Flexi Cap:
Flexi-cap funds provide flexibility to invest across market caps. Parag Parikh Flexi Cap Fund is known for its diversified portfolio and focus on quality stocks. It's a good choice for long-term wealth creation.
Suggestions:

Review Performance: Periodically review the performance of your mutual funds to ensure they align with your investment goals and risk tolerance.
Diversification: Consider diversifying your portfolio further by adding funds from different fund houses or investing in different asset classes like debt or international funds.
Regular Monitoring: Keep an eye on the performance of your funds and make adjustments as needed. If any fund consistently underperforms its benchmark or peers, consider replacing it with a better-performing alternative.
Consult a Financial Advisor: Consider consulting a Certified Financial Planner for personalized advice tailored to your financial goals, risk tolerance, and investment horizon. A professional can help optimize your portfolio and ensure it remains aligned with your objectives.
Overall, your mutual fund portfolio seems well-diversified, but it's essential to monitor its performance regularly and make adjustments as needed to stay on track towards your long-term financial goals. Keep up the good work and continue investing systematically for your future!

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 29, 2024Hindi
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Iam 45 year old ,i want to retire know my mothly expenses is 55ooo thousand per month,how much money required to survive till the age of 80
Ans: It's great that you're thinking about your retirement and planning ahead. Here are some steps to help you determine how much money you'll need to retire comfortably:

Calculate Your Retirement Expenses: Start by listing down all your current monthly expenses, including essentials like housing, utilities, groceries, healthcare, and discretionary spending. Add an inflation buffer to estimate future expenses.
Determine Your Retirement Age: Decide at what age you want to retire. Since you're 45 now, consider how many years you have until retirement.
Estimate Your Retirement Income: Assess all potential sources of retirement income, such as pensions, annuities, Social Security, and investment income.
Calculate the Gap: Subtract your estimated retirement income from your projected retirement expenses to determine how much additional income you'll need from savings and investments.
Determine Required Corpus: Once you have the annual shortfall in retirement income, multiply it by the number of years you expect to be retired. This will give you an estimate of the total corpus required to cover your retirement expenses.
Adjust for Inflation: Remember to account for inflation when calculating your retirement corpus. Inflation can erode the purchasing power of your savings over time, so it's crucial to plan for it.
Consult a Financial Planner: Consider seeking guidance from a Certified Financial Planner to help you create a personalized retirement plan. A professional can provide valuable insights and recommendations tailored to your financial situation and goals.
By following these steps and consulting with a financial planner, you can determine how much money you'll need to retire comfortably and develop a strategy to achieve your retirement goals. Remember, it's never too late to start planning for retirement, and taking proactive steps now can help secure your financial future.

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 29, 2024Hindi
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I am 33 years old at my age 50 i want to get some retirement amount around 8000 per month what should be the best thing i need to do
Ans: It's fantastic that you're thinking ahead about your retirement at such a young age. Here are some steps you can take to work towards your retirement goal:

Start Early: Since you're 33 years old, you have the advantage of time on your side. The earlier you start investing for retirement, the better.
Determine Your Retirement Needs: Calculate how much you'll need for a monthly income of 8000 rupees at age 50. Consider factors like inflation and your desired lifestyle in retirement.
Invest Regularly: Start investing a portion of your income in retirement-focused investment vehicles such as mutual funds, Provident Fund (PF), Public Provident Fund (PPF), or National Pension System (NPS).
Consider Equity Investments: Since you have a long investment horizon, consider allocating a portion of your portfolio to equity mutual funds, which have the potential to generate higher returns over the long term.
Optimize Tax-Efficient Investments: Explore tax-saving investment options like Equity Linked Savings Schemes (ELSS) or NPS Tier-I account to maximize your savings while minimizing tax liabilities.
Monitor and Adjust: Regularly review your investment portfolio and make adjustments as needed to stay on track towards your retirement goal. As you approach retirement age, consider shifting towards more conservative investments to preserve capital.
Consult a Certified Financial Planner: Seeking guidance from a professional can provide personalized advice tailored to your financial situation and retirement goals. A Certified Financial Planner can help create a customized retirement plan and recommend suitable investment strategies.
Remember, building a retirement corpus takes time, discipline, and patience. By starting early and investing consistently, you can work towards achieving your goal of a monthly retirement income of 8000 rupees at age 50. Keep focused on your goal, and stay committed to your long-term financial well-being.

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

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Hello sir, I am 38 yeaas old and monthly income is 1.4 lakhs. I have a home loan EMI of 60000. I have started to invest 30000 in MF SIP one year ago. My funds are Mirae less tax saver, ICICI prudential technology direct, ICICI prudential commodities fund, Nippon india small cap, quant small and midcap, axis small cap, tata digital India, ICICI prudential Nasdaq 100 index, Mirae asset large & midcap. How much Do you think If I invest like this for 10 years with some increase every year I should be able to save. If their is any advise on funds that I am saving on.
Ans: It's commendable that you've taken proactive steps towards securing your financial future by starting your mutual fund SIPs.

Here's some advice and guidance tailored to your situation:

Investing 30,000 per month in mutual fund SIPs is a wise decision that demonstrates your commitment to long-term wealth creation.
Diversifying your investments across various mutual funds reflects a balanced approach to risk management and potential returns.
Over a 10-year investment horizon, your disciplined approach to investing can potentially lead to significant wealth accumulation.
It's essential to periodically review and adjust your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance.
Consider gradually increasing your SIP contributions over time to take advantage of the power of compounding and accelerate wealth creation.
While your current fund selection appears diversified, consider consulting with a Certified Financial Planner to ensure your portfolio is optimized for long-term growth.
A professional can provide personalized advice and recommend adjustments to your investment strategy based on market conditions and your individual financial goals.
Remember, investing is a journey, and consistency, patience, and discipline are key to achieving your financial objectives. Keep up the good work, and stay focused on your long-term goals!

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

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I am earning Rs. 126000. My age is 48. I have home loan paying 75000 per month. How much and where should I invest to get 1 lakh per month
Ans: Given your current income, age, and financial obligations, achieving a passive income of 1 lakh per month is an ambitious but attainable goal. Let's explore some potential strategies:

Increase Income Streams:
Consider exploring opportunities to increase your income through additional sources such as freelance work, consulting, or starting a side business.
Increasing your income can provide additional funds for investment and help you achieve your target more quickly.
Reduce Debt Burden:
Since a significant portion of your income goes towards servicing your home loan, consider strategies to accelerate your loan repayment.
Making extra principal payments or refinancing your loan to lower interest rates can help you pay off the loan faster and free up funds for investment.
Invest Wisely:
Allocate a portion of your remaining income towards high-return investment vehicles such as mutual funds, stocks, or real estate investment trusts (REITs).
Diversify your investment portfolio across different asset classes to spread risk and maximize returns over the long term.
Retirement Planning:
Given your age, it's crucial to prioritize retirement planning to ensure financial security in your later years.
Consider investing in retirement-focused instruments such as Employee Provident Fund (EPF), Public Provident Fund (PPF), or National Pension System (NPS) to build a retirement corpus.
Consult a Certified Financial Planner:
Seeking guidance from a Certified Financial Planner can provide personalized advice tailored to your financial situation and goals.
A professional can help create a comprehensive financial plan that aligns with your objectives and helps you achieve your target income.
Patience and Discipline:
Building a passive income stream of 1 lakh per month requires patience, discipline, and a long-term investment mindset.
Stay focused on your goal, monitor your progress regularly, and adjust your investment strategy as needed to stay on track.
Remember that achieving a passive income of 1 lakh per month may take time and dedication, but with careful planning and strategic investment, it's definitely achievable. Keep a positive mindset, stay committed to your financial goals, and seek professional guidance to maximize your chances of success.

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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Hello Sir, I m 44 year old women having 29 lakhs in equity & ELSS, 6 lakhs in PPF and 25 lakhs in FDs...I have retired now as was tired of doing sales job ..my question is I have 12 lakhs home loan to repay...my monthly expenses is 25k ...shall I pay that loan amount entirely now or the emi of 23 k till 2029 is feasible in my case?..
Ans: Considering your financial situation and retirement status, let's evaluate both options:

Paying off the Home Loan Entirely:
Advantages:
Eliminates the burden of debt and interest payments, providing peace of mind and financial freedom.
Saves on interest payments over the loan tenure, potentially resulting in significant savings in the long run.
Considerations:
Paying off a substantial portion of your savings (12 lakhs) may reduce your liquidity and emergency fund.
Evaluate whether you'll have enough savings left for emergencies and to maintain your desired lifestyle.
Continuing with EMI Payments:
Advantages:
Preserves your savings and liquidity, allowing you to maintain a financial cushion for emergencies and unexpected expenses.
The EMI of 23k per month may be manageable given your monthly expenses of 25k, allowing you to maintain your lifestyle.
Considerations:
You'll continue to have the burden of debt and interest payments for the duration of the loan tenure.
Evaluate whether you're comfortable with the ongoing financial commitment and potential interest payments over the long term.
Factors to Consider:

Emergency Fund: Ensure you have an adequate emergency fund to cover at least 6-12 months of living expenses.
Investment Opportunities: Consider whether you can potentially earn higher returns by investing the lump sum amount elsewhere.
Peace of Mind: Assess the psychological benefit of being debt-free versus having ongoing loan payments.
Ultimately, the decision depends on your individual preferences, risk tolerance, and financial goals. If being debt-free brings you peace of mind and you have sufficient savings for emergencies and retirement, paying off the loan entirely may be a prudent choice. However, if you prefer to maintain liquidity and have confidence in managing the EMI payments comfortably, continuing with the EMI payments could also be a viable option. Consider consulting with a financial advisor to assess the best course of action based on your specific circumstances.

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

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Hi iam 45 yrs and my take home salary is 2.25 lac i am investing in sip of 50 k a month some 40 lac in fa i donot have any loan but i wish to buy a flat can u tell me how much of corpus amt will i make in 20 yrs and what can i do fr saving
Ans: It's great that you're thinking about your financial future and considering your options. Let's explore your situation:

Starting with a monthly SIP of 50k is a fantastic step towards building a solid financial foundation.

With your disciplined approach to investing, you're likely to see significant growth in your corpus over the next 20 years.

Based on your current SIP amount and assuming a reasonable rate of return, you can expect a substantial corpus by the end of 20 years.

Additionally, your take-home salary of 2.25 lac provides a good starting point for saving towards your future goals.

Since you don't have any loans and have a stable income, you're in a favourable position to allocate funds towards your goal.

To estimate the exact corpus amount you'll accumulate in 20 years, we'll need to consider factors like the rate of return on your investments.

It's important to diversify your investments across different asset classes to spread risk and maximize returns over the long term.

Considering your goal of buying a flat, you can start by setting aside a portion of your monthly income towards a down payment fund.

It's essential to assess your risk tolerance and investment horizon to determine the most suitable investment options for you.

A Certified Financial Planner can provide personalized guidance and help create a tailored financial plan to achieve your goals.

Remember, consistency and patience are key when it comes to long-term investing. Keep up the good work!

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Ramalingam

Ramalingam Kalirajan  |1558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

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Sir I am 37 years old,I just investment at sip ...My Mutual Fund portfolio 1.SBI bluechip fund 2.SBI Contra fund 3.HDFC Mid cap oppertunity 4.Nippon India Multi cap 5.TaTa small cap 6.Paragparikha flexi cup Long term 20 year Mera goal 1 coror My portfolio is wright or modify please advice sir
Ans: Your mutual fund portfolio appears to be diversified across different fund categories, which is a good start. Here are some considerations and potential modifications to optimize your portfolio for your long-term goal of reaching 1 crore in 20 years:

Review Fund Performance:
Monitor the performance of each fund in your portfolio regularly to ensure they are meeting your expectations and aligning with your investment goals.
Consider replacing underperforming funds with better alternatives if necessary.
Asset Allocation:
Assess the asset allocation of your portfolio to ensure it is aligned with your risk tolerance and investment horizon.
Depending on your risk appetite, you may consider adjusting the allocation between large-cap, mid-cap, and small-cap funds to achieve an optimal balance of growth potential and risk mitigation.
Goal-based Investing:
Evaluate whether the selected funds are likely to generate the required returns to reach your goal of 1 crore in 20 years.
Consider using a goal-based investment approach and adjusting your investment strategy accordingly to ensure you stay on track to achieve your financial objectives.
Consider Adding Equity Diversification:
While your current portfolio includes funds across various market segments, you may consider adding further diversification by including funds from different fund houses or exploring thematic or sectoral funds.
Be cautious not to over-diversify, as this may dilute the potential returns of your portfolio.
Regular Review and Rebalancing:
Regularly review your portfolio's performance and make adjustments as needed to maintain alignment with your goals and risk tolerance.
Rebalancing your portfolio periodically can help ensure that your asset allocation remains consistent with your investment strategy.
Professional Advice:
Consider seeking guidance from a financial advisor or Certified Financial Planner who can provide personalized advice based on your individual financial situation, goals, and risk profile.
A professional can help you fine-tune your investment strategy and make informed decisions to optimize your portfolio for long-term growth.
By carefully reviewing and potentially modifying your mutual fund portfolio based on the considerations mentioned above, you can work towards achieving your goal of accumulating 1 crore over the next 20 years. Stay disciplined in your approach and continue investing regularly to maximize the growth potential of your investments.

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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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