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Sushil

Sushil Sukhwani  |564 Answers  |Ask -

Study Abroad Expert - Answered on Sep 14, 2023

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
RUPINDER Question by RUPINDER on Sep 13, 2023Hindi
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Career

My son is pursuing Degree in Computer Science. He is in his last year. He is good in App Developer. He wants to study in abroad. Please suggest which course to pursue. Any university abroad for one year degree course. Your advice will be very helpful to me.

Ans: Hello Rupinder,

First and foremost, thank you for contacting us. If your son is passionate about developing applications, studying abroad can be a great way for him to advance his education and acquire international exposure in the computer science field. Since he is currently in the final year of his Bachelor’s degree, he may be considering pursuing a one-year Master's course to further specialize in this field. Mentioned below are some courses that your son could opt for:

1. Master's in Information Technology: With an emphasis on app and mobile development, certain colleges provide specialized pathways within their IT programs.

2. Master's in Mobile App Development: A specialized course in creating mobile applications, these programs are offered by a number of universities worldwide, including universities in the UK, Europe, the USA, Australia, and Canada.

3. Master's in Computer Science: This being a flexible choice, it enables your son to focus on app development within the wider field of computer science. Within their computer science programs, a variety of specializations are offered by several universities.

4. Master's in Software Engineering: A rather comprehensive course encompassing both, software and app development, and offered by leading universities globally, the Master's in Software Engineering provides a solid base in software engineering practices and principles.

Your son should research and decide on a program that best matches his hobbies and career objectives.

Outstanding programs in computer science are offered by the below mentioned prominent international universities:

• The UK: University College London, University of Cambridge, Imperial College London, and University of Oxford.

• Australia: University of Melbourne, University of New South Wales, Australian National University, and University of Sydney.

• The USA: University of California, Berkeley, Stanford University, University of Washington, Massachusetts Institute of Technology, and Carnegie Mellon University.

• Europe: Technical University of Munich (Germany), University of Edinburgh (UK), and ETH Zurich (Switzerland).

• Canada: University of British Columbia, McGill University, University of Toronto, and University of Waterloo.

Visit the official websites of each of these universities for accurate details pertaining to the courses offered and the admission prerequisites, as varying programs and specialties may be offered by each university.

Moreover, when selecting a foreign university, your son should take into account the living expenses, location, scholarship possibilities, and internships or co-op programs available. As admission standards and requirements can differ between universities and countries, your son should start applying ahead of time.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |564 Answers  |Ask -

Study Abroad Expert - Answered on Sep 22, 2023

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Dear Sushil ji, My son is doing Computer Science from VIT vellore and is 3rd Year Student. Please advise whether he should go abroad for the Masters and location whether Germany will be advisable . Kindly provide the input .
Ans: Hello Sanjay,

To begin with, thank you for contacting us. Your son’s future ambitions, financial status, and personal choices, play a key role in deciding if he should travel overseas to pursue a Master’s degree in Computer Science, and if Germany is a favorable study destination. When deciding, take into account the following factors:
1. Career Objectives: Consider if your son has set career ambitions that can be accomplished by studying a master's degree abroad.

2. Academic Prowess: An exceptional academic record can enhance your son’s chances of getting into prominent foreign universities. Take into account his academic success in the program he is currently pursuing.

3. Financial Condition: Studying overseas can be a costly affair. Investigate your financial capacity and the costs related with studying in Germany or any other country. Look into the available scholarships, financial aid, and part-time work opportunities.

4. Choosing Programs and Universities: Conduct extensive study and pick programs and universities that resonate with your son’s educational and professional interests. Search universities that have robust Computer Science departments and research possibilities.

5. English Language Competency: Although there are a few English-taught courses, Germany mainly offers programs in the German language. You on studying in Germany or any other non-English-speaking country, make sure he possesses the required language abilities.

In addition, your son should get to know the visa and immigration prerequisites for the country he intends studying in. For instance, Germany has a fairly simple student visa procedure for international students. Enhanced networking possibilities are offered in the tech sector by some countries over others. Investigate the labor market and links your son can form during the duration of his Master’s course. Also, take into consideration if your son is ready for the societal and cultural changes that come with pursuing overseas education. This involves adjusting to a new setting, building friendships, and getting to know the local culture. Look into the available post-study employment opportunities in the country you have chosen to study in. Taking into account both, the cost of studying and the long-term professional advantages, consider the possible ROI (Return on Investment) of pursuing a master's degree overseas.

Owing to its exceptional system of education, research possibilities, and a friendly environment for international students, Germany can be a top option to pursue a Master's in Computer Science. To make an educated choice, carefully examine each factor and get in touch with career counselors and academic consultants. Your son should also examine particular programs and universities in Germany to make sure that match his objectives and interests.

For more information, you can visit our website.

..Read more

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Sir as I previously take your view about my situation...sir you tell that in love understanding between partner is important.but sir my partner doesn't want to talk with me.I just never think that he will give up so easily.
Ans: It’s interesting, isn’t it, how relationships often mirror the patterns of communication we create within them? When one partner feels distant or unwilling to talk, it’s less about them giving up and more about a shift in the way they’ve been feeling understood—or misunderstood.

You see, communication isn’t just about words; it’s about emotions, intentions, and the unspoken messages we convey. If your partner isn’t talking, perhaps they’re saying something without words. And that’s where curiosity becomes your ally.

Instead of focusing on the silence, what if you shifted your attention to understanding what that silence represents? Maybe it’s disappointment, frustration, or even fear. But the key is, you can’t solve what you assume—it’s about discovering what’s really there.

And let me ask you this: if you were to step into their shoes for a moment—just imagine being them—what might they feel? What might they need to hear from you, or perhaps sense from your presence, that could bring a spark of connection back into the conversation?

Love is rarely about giving up. It’s about learning to communicate in a way that feels safe and understood. And if you’re willing to stay open, willing to listen to the quiet messages, you may find a new way forward—one step at a time.

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Hi Mr. Ramalingam, Can I check New Asset class (Specialized Investment Fund SIF) for 10 lakhs investment for my kids education(Right now 4months old). Thank you for your response.
Ans: Investing Rs 10 lakhs for your child’s education is a thoughtful decision.

Your child is 4 months old, so you have a long investment horizon.

Currently, SIF is not yet launched or operational.

Equity Mutual Funds: A Reliable Option
Equity mutual funds are proven for long-term goals like education.

They offer inflation-beating growth over a 15-18 year period.

Start investing now to benefit from compounding.

Choose funds with a consistent track record.

Wait and Observe SIF Performance
SIF is a new asset class and lacks a performance track record.

It’s wise to wait for its launch and review its stability.

Assess the fund's returns, risk profile, and management quality.

Investing in an untested asset could increase risks unnecessarily.

Diversify Investments Over Time
Initially, focus on equity mutual funds for growth.

Later, as SIF stabilises and performs well, consider it.

Diversify across asset classes gradually based on market insights.

Final Insights
Begin with equity mutual funds for your child’s education fund.

Monitor SIF's launch and performance over the next few years.

Decide on SIF only after it demonstrates a solid track record.

Keep your investments aligned with your long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Milind

Milind Vadjikar  |790 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 23, 2024

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I& my wife is 32. What would our ideally retirement corps. I assume 20Cr. Correct me if I'm wrong. My current saving & income are below - 1) Rs 2,40,000 take home per month combined. 2) We both have PPF for the last 7 years contributing 1.5L each year from starting and plans to continue till 60. 3) LIC will give us 2Cr when we hit 60. 4) NPS we contribute 1L per each year form 2022 combined plans continue till 60. 5) Mutual Fund of SIP Rs 10,000 each month for last 1 year combined plans continue till 60. 6) APY we will get 5000 per month at 60. 7) FDs of Rs 36Lakh 8) Gold of Rs 15Lakh bonds 9) Got Inherited Rs 1.6Cr in form of FDs 10) Have Medeclaim of 40Lakhs and have own house. 11) Monthly expenses is around 40,000. 12) Have 1 year old Kid. 13) Have PF of 8 lakhs and will grow till 60. Also taking Gratuity in account.
Ans: Hello;

Your current monthly income need of 2.4 L will grow up to 12.27 L after 28 years (At your retirement age of 60) considering 6% inflation.

Assuming your expenses at retirement will reduce so you may need 75% of this income to cover your expenses at that time therefore you may need a monthly income of 9.2 L.

To generate this income you may need a corpus of 27 Cr(Min.) at the age 60 that may generate post-tax monthly income of around 9.2 L.

Your investments will grow as follows,

1. PPF: 1.5 L per person per year for 35 years will grow into a corpus of around 4.32 Cr. (6.9% return assumed)

2. LIC: policy maturity proceeds will provide 2 Cr at age 60.

3. NPS: 1 L per person per year may grow into a sum of 2.5 Cr at 60.(8% return considered)

4. MF sip of 10 K may grow into a sum of 2.05 Cr at 60. (10% return considered)

5. FD of 36 L will grow into a sum of 2.1 Cr if held till 60. (6.5% return assumed)

6. Gold in form of bonds if reinvested into gold mutual funds and held till 60 may yield a corpus of around 1.1 Cr. (7% return assumed)

7. Inherited funds if held in FD till the age of 60 may yield a corpus of 9.9 Cr.
(6.5% return considered)

8. EPF is expected to grow into a sum of around 1.8 Cr at the age of 60.(7% return considered)

A summation of investment values at 60 indicates a sum of around 25.77 Cr thereby hinting at a gap of around 1.23 Cr.

You may begin another monthly sip of 7 K now which may grow into a sum of around 1.3 Cr by 60 age.(10% return assumed)

If the mediclaim policy is from employer, do buy a personal health care cover after 50-55 for your family for post retirement needs.

I presume you both have adequate term life insurance cover apart from LIC policy.

The financial goal for your kid's education and family expansion, if any, is not factored here. You may need to plan for it suitably.

Also it appears that your allocation to equity is quite low, may be due to limited risk appetite but you have time on your side and although short to medium term(5-7 yr) equity asset class may be impacted due to volatility but over a long-term(10 yr+) they have demonstrated good inflation adjusted returns so may be you may consider to increase allocation through hybrid funds suiting your risk appetite.

Happy Investing;
X: @mars_invest

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Ramalingam Kalirajan  |7322 Answers  |Ask -

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

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Meri family ki income 80 lakhs hai yearly aur 40 lakhs expense hai aur age meri 48 hai capital family ki 4 cr hai to unko kaise manage aur kaha invest kare
Ans: Current Financial Snapshot
Annual Income: Rs 80 lakhs
Annual Expenses: Rs 40 lakhs
Capital Available: Rs 4 crores
Age: 48 years
Your income and existing capital provide a strong foundation. With proper planning, you can secure your financial future and achieve your goals.

Key Financial Goals
Retirement Planning: Build a corpus to sustain your post-retirement lifestyle.
Wealth Growth: Invest capital for inflation-beating returns.
Risk Management: Ensure adequate insurance coverage for family security.
Tax Efficiency: Optimise investments to reduce tax liabilities.
Suggested Investment Allocation
1. Emergency Fund
Maintain 6-12 months of expenses (Rs 20-40 lakhs) in liquid funds or a high-interest savings account.
This ensures liquidity for any unforeseen circumstances.
2. Equity Mutual Funds
Allocate 50-60% of your capital (around Rs 2-2.4 crores) to equity mutual funds.
Use diversified funds like large-cap, flexi-cap, and mid-cap funds for growth.
Avoid index funds due to lack of flexibility and active management.
Invest monthly through systematic investment plans (SIPs) for disciplined investing.
3. Debt Investments
Invest 20-25% of your capital (Rs 80 lakhs-1 crore) in debt mutual funds or fixed-income instruments.
Choose funds with low risk to ensure stability and predictable returns.
These funds act as a safety net during market downturns.
4. Children’s Education or Marriage
Allocate funds for long-term goals like education or marriage.
Invest in balanced advantage funds or equity mutual funds for higher returns.
5. Retirement Planning
At 48, focus on building a retirement corpus.
Allocate 20% of your capital (Rs 80 lakhs) to retirement-specific investments.
Use a mix of equity and debt for growth and safety.
Risk Management
Life Insurance
Ensure you have a term insurance cover of at least Rs 2-3 crore.
This protects your family’s financial future in your absence.
Health Insurance
Take a family floater health insurance plan of Rs 25-30 lakh.
Include critical illness coverage to address rising healthcare costs.
Tax Efficiency
Maximise Section 80C benefits by investing in ELSS mutual funds or PPF.
Use NPS for additional tax deductions under Section 80CCD.
Invest in tax-efficient instruments to reduce liabilities.
Regular Monitoring
Review your investments every six months with a Certified Financial Planner.
Rebalance your portfolio to align with market trends and life changes.
Final Insights
You have a strong financial base with high income and significant capital.

With disciplined investing, risk management, and tax efficiency, you can grow your wealth and achieve your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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