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Sushil

Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on Sep 26, 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
Asked by Anonymous - Sep 25, 2023Hindi
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I want to send my daughter to study MS inUSA. She completed her BSc in Mysore university with 7.9 GPA. main subjects are Physics, Mathematics, computer science. She like Computer Science and secure more than 8.5 in all semesters. Now decided to do MCA . in karnataka. whether she able to get seat fr MS in abroad after her MCA or which coarse she must do to get seat.. pls suggest

Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is currently pursuing her Master’s in Computer Applications in Karnataka, after which you wish to send her to the USA to pursue a Master’s degree there. I would like to inform you that your daughter stands a decent chance of securing a seat for an MS program in the United States on completing her Master’s in Computer Applications. As the first step, I recommend that your daughter conducts an extensive study and choose American universities offering Computer Science Master’s programs. Your daughter should take into consideration her educational and research pursuits and opt for those universities that best match with those interests. She could further enhance her changes of securing admission to a good Master’s program. For that, I recommend her to enrol in pertinent programs in Computer Science while still pursuing her MCA (Master’s in Computer Applications). Furthermore, to showcase her passion and abilities in the field of her choosing, I strongly believe that she should start interning at companies or be a part of research initiatives. Foreign students wishing to enrol in Master’s programs at universities in the USA are required to appear for standardized exams viz., the GRE. To increase her chances of getting accepted to these programs, I recommend that your daughter should study well as well as try to achieve high scores in the exam. As part of the application process, foreign universities also require international students to prove their English speaking abilities. This can be achieved through appearing for English proficiency tests viz., the IELTS or TOEFL. I suggest that your daughter prepares for and appears for these tests in order to fulfill the linguistic prerequisites set forth by these universities.

Your daughter will need to submit important documents including a compelling Statement of Purpose and Recommendation Letters from faculty members who can attest to her academic capabilities and character. Submitting these, I believe could possibly boost her application thereby making her a perfect fit for the Master’s degree in Computer Science or any other associated discipline. In addition, she may also need to appear for interviews which is part of the process of applying to certain universities. I suggest that she prepares well for the same by researching common interview questions and planning her responses to those queries. Although studying overseas is a costly affair, multiple grants, scholarships, and financial aid opportunities are offered by universities to international students. Your daughter should look into the available options. I recommend that you constantly check the admission prerequisites and application deadlines of each university as they vary. On receiving a Letter of Acceptance from the university applied to, your daughter will then need to obtain a valid student visa to study in the United States. She should apply for a F-1 visa. Familiarize yourself with the visa processes as well as the prerequisites.

Planning on sending your daughter to the USA for a Master’s degree is an excellent choice. However, keep in mind that securing admission to the same can be cut-throat, and for that reason I recommend that your daughter studies hard to achieve success.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on Sep 11, 2023

Asked by Anonymous - Sep 10, 2023Hindi
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Deat Sir, I am 2nd year B.Tech student (Computer Science) and would like to persue MS either in UK or US. I Dont have any knowledge about the right process. Can you please guide me how should i prepare for the same?
Ans: Hello,

First and foremost, thank you for contacting us. An important move in your academic and professional journey involves preparing to pursue an MS in Computer Science in the UK or the US. For the same, careful planning and preparation is crucial. The process involves the below mentioned steps:

1. Study available options: The first step involves conducting a thorough research on universities and courses offered in both the UK and the US. Take into account each program’s standing, the location, expense, and particular research fields or specialties you are interested in.

2. Academic Readiness: Ensure you have a good academic record. Maintain a high grade point average (GPA) and enroll in specialized courses in your preferred field.

3. Appear for Standardized Tests: English proficiency tests like the TOEFL or IELTS are often required for admission to universities in the UK. On the other hand, the GRE is required by majority of the universities in USA. Look into the unique criteria of your programs’ of interest.

4. Statement of Purpose/Personal Statement: Compose a convincing SOP that highlights your academic and professional ambitions, your reasons for wanting to pursue an MS, and your interest in the said course and university.

5. Recommendation Letters: LoRs are of prime importance in the application process. You will need to submit letters of recommendation from professors who can attest to your intellectual prowess and character.

6. Curriculum Vitae/Resume: Make a strong CV outlining your academic accomplishments, research expertise, apprenticeships, and any pertinent projects or publications you’ve submitted.

7. Plans your Finances: Look into the finance possibilities, scholarships, and opportunities for assistantship. International students studying in both, the UK and the US are offered scholarships.

8. Submission Deadlines: Each university has different deadlines, keep tabs on application deadlines for the programs of your choosing.

9. Visa Prerequisites: Familiarize yourself with the visa requirements to study in the UK or US. The application process for each country is unique, and you will require to apply for a student visa.

10. Prepare for Interviews (if necessary): As part of the application process, certain programs may require students to appear for interviews. Prepare for the same by evaluating your application documents and practicing your answers to such inquiries.

11. Submit your Applications: Via the official websites of the universities or through the application portals, submit your applications. Take note of all the necessary documents and costs.

On receiving admission offers, the next step involves preparing to migrate. As part of this, you should find accommodation, organize your funds, and get the required immunizations or medical exams done. Plan your travel beforehand, and on arrival, attend the orientation program held by the university. Prepare yourself for both academic and cultural adaptations. For assistance, consult academic counselors and avail international student services. Start socializing with other students and professors early. Search for internship openings that match your professional objectives.

The application process being cut-throat, you will need to begin well in advance and work hard on every part of your application. In addition, consult professors, mentors, and former students who have already undergone the procedure. All the very best for your MS journey!

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on Apr 27, 2024

Asked by Anonymous - Apr 27, 2024Hindi
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Good morning sir, my daughter is in btech. ECE final semister, can I send for ms in abroad, or any job related courses in India, my daughter also not much intrested to go abroad. Kindly suggest better way.
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am glad to hear that your daughter is pursuing the final semester of her Bachelor of Technology in Electronics and Communication Engineering. To answer your question first, I would like to tell you that we only deal with overseas education. Yes, you can definitely send your daughter abroad to pursue her Master's. I would like to tell you that owing to their renowned universities, top-notch education, and vast array of opportunities, a number of countries are well-known for pursuing Master of Science (MS) degrees abroad. With its vast array of top-tier universities and research centres, the USA continues to be a sought-after destination for pursuing MS programs spanning different disciplines. Likewise, a number of international students are also drawn to countries viz., the UK, Canada, Germany, Australia, and Switzerland owing to their cutting-edge academic programs, culturally diverse settings, and significant focus on innovation and research. You would be glad to know that MS students are offered distinct advantages and opportunities in these countries, in turn, making them highly popular destinations for individuals looking for further education overseas.

As mentioned by you, if your daughter is not interested in pursuing a Master's abroad, I would suggest that she looks into other possibilities that best resonate with her interests and professional objectives. Post finishing her Bachelor of Technology (B.Tech) degree, she could think about acquiring professional experience via internships or entry-level work in her field of interest. Gaining this practical experience can prove beneficial for her career growth and may help her determine her professional path. In order to improve her abilities and credentials without committing to a full-time Master's program overseas, she could also look into advanced certifications or specialized courses. Lastly, I would suggest that you motivate your daughter to investigate these possibilities and assist her in discovering her true calling, which in turn, could result in a gratifying and prosperous professional path.

For more information, you can visit our website.

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Latest Questions
Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 08, 2024Hindi
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Hi sir, Iam 27year old non-iT employee.. I want start sip of 4k per month as of now.. I will increase amount later on.. Suggest me good mutual fund to build good corpus after 20years
Ans: Crafting a Strategic SIP Plan for Long-Term Wealth Creation
Firstly, congratulations on taking the initiative to start investing at such a young age. It's a commendable step towards securing your financial future.

Understanding Your Investment Objective
Your goal of building a substantial corpus over the next 20 years reflects prudent financial planning and a long-term wealth creation mindset. Let's explore suitable mutual fund options to help you achieve this objective.

Selecting Mutual Funds for Long-Term Growth
Considering your investment horizon and risk tolerance, it's essential to opt for funds that offer the potential for significant growth over the long term. Here's a suggested approach:

Equity Mutual Funds: Given your age and long-term investment horizon, equity mutual funds are well-suited to harness the power of compounding and generate substantial wealth over time.

Diversified Funds: Choose diversified equity funds that invest across various sectors and market capitalizations, providing ample opportunities for growth while mitigating concentration risk.

Mid and Small Cap Funds: Funds focusing on mid and small-cap segments have historically delivered higher returns over the long term, albeit with higher volatility. They can significantly boost your corpus over 20 years.

Benefits of Actively Managed Funds Over Direct Funds
While direct funds offer the advantage of lower expense ratios, actively managed funds provide several benefits that can enhance long-term wealth creation:

Expert Fund Management: Actively managed funds are overseen by skilled fund managers who actively research and select stocks with the aim of outperforming the market, potentially leading to higher returns over time.

Dynamic Portfolio Allocation: Fund managers have the flexibility to adjust asset allocation based on market conditions, economic outlook, and investment opportunities, optimizing returns and managing risks effectively.

Diversification and Risk Management: Actively managed funds often have diversified portfolios across sectors and market caps, reducing concentration risk and enhancing overall portfolio resilience.

Conclusion: Building a Foundation for Financial Success
In conclusion, initiating a SIP of 4k per month in carefully selected equity mutual funds lays the groundwork for building a substantial corpus over the next 20 years. By focusing on diversified funds with a track record of consistent performance, you're well-positioned to achieve your long-term financial goals.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Hello Sir...I am at 39 and I have two kids ( age -3 and 1) .I would like to invest approx 1 lakh per month for next 25 months. I may not need this money for next 10-15 years ...since I have banking in HDFC for many years. I am planning to invest in below funds- HDFC Nifty 50 index fund-20k, Hdfc next fifty index fund-20k, HDFC midcap fund-20k, Hdfc Flexi cap fund- 20k, Nippon Large cap growth fund or HDFC large and mid cap fund-20K ...if any additional money left...planning to invest in quant small cap fund-5 to 10k and HDFC balance advantage fund growth - direct- 5 to 10K.. Plz suggest me if It is a good fund.Appreciate any valuable suggestions...
Ans: Crafting a Strategic Investment Plan for Future Financial Security
Firstly, congratulations on taking proactive steps towards securing your family's financial future. It's commendable that you're prioritizing investments for your children's education and your long-term financial goals.

Understanding Investment Goals and Time Horizon
Given your investment horizon of 10-15 years and your intention to invest approximately 1 lakh per month for the next 25 months, let's devise a well-rounded investment strategy that aligns with your objectives.

Portfolio Allocation for Long-Term Growth
Considering your risk tolerance and investment horizon, here's a suggested allocation across various fund categories:

Large Cap Funds: Allocate a portion of your investment towards large-cap funds for stability and consistent returns over the long term.

Mid Cap Funds: Mid-cap funds offer potential for higher growth compared to large caps, making them suitable for long-term wealth accumulation.

Flexi Cap Funds: These funds provide flexibility to invest across market capitalizations based on prevailing market conditions, offering a balanced approach to growth and risk management.

Small Cap Funds (Optional): Given your risk appetite, you may consider allocating a smaller portion towards small-cap funds for additional growth potential, albeit with higher volatility.

Balanced Advantage Fund: This category offers dynamic asset allocation between equity and debt instruments based on market valuations, providing downside protection during market downturns.

Benefits of Actively Managed Funds Over Index Funds
While index funds offer cost efficiency and simplicity, actively managed funds provide several advantages, especially for long-term wealth creation:

Alpha Generation: Skilled fund managers actively research and select stocks with the aim of outperforming the market, potentially generating alpha over the long term.

Dynamic Asset Allocation: Actively managed funds have the flexibility to adjust their asset allocation based on market conditions and economic outlook, optimizing returns and managing risks effectively.

Diversification Benefits: Actively managed funds often have diversified portfolios across sectors and market caps, reducing concentration risk and enhancing overall portfolio resilience.

Conclusion: Building a Resilient Investment Portfolio
In conclusion, your proposed investment plan showcases a balanced approach towards long-term wealth creation. By diversifying across various fund categories and opting for actively managed funds, you're well-positioned to navigate market fluctuations and achieve your financial goals over the years ahead.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 09, 2024Hindi
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Hi all, this I month taken Quant small cap fund direct plan, Quant flexi cap fund direct plan and Motilal oswal mid cap fund direct growth fund. Is this my portfolio is correct. I'm confusing please correct me because Quant small and Quant flexi have some common stcoks. So is this good to continue or else can I choose another funds. If I'm wrong please correct my portfolio. Whats are the funds can I taken for better returns. I can handle risk. I'll hold for 10+ years.
Ans: Assessing Portfolio Composition for Long-Term Growth
Firstly, kudos to you for seeking guidance and being proactive about optimizing your investment portfolio. Let's delve into evaluating your current portfolio and exploring potential adjustments for better long-term returns.

Review of Current Portfolio Composition
Your current portfolio comprises Quant Small Cap Fund Direct Plan, Quant Flexi Cap Fund Direct Plan, and Motilal Oswal Mid Cap Fund Direct Growth. While each fund may offer growth potential, it's essential to consider portfolio diversification and overlap among holdings.

Identifying Potential Risks
As you rightly pointed out, Quant Small Cap Fund and Quant Flexi Cap Fund may have overlapping holdings, potentially leading to concentration risk. Overexposure to certain stocks or sectors can amplify portfolio volatility and hinder overall returns, especially during market downturns.

Recommendations for Optimizing Portfolio
To enhance portfolio diversification and mitigate concentration risk, consider the following adjustments:

Explore Different Fund Categories: Look into diversifying across different fund categories such as large cap, mid cap, and multi cap funds to spread risk and capture growth opportunities across market segments.
Include Funds with Unique Investment Styles: Opt for funds managed by different fund houses with distinct investment philosophies and styles. This ensures a broader range of perspectives and reduces dependence on specific fund managers or strategies.
Emphasize Quality and Consistency: Prioritize funds with a proven track record of consistent performance and adherence to investment objectives. Conduct thorough research and due diligence before making investment decisions.
Potential Fund Options for Consideration
Considering your risk appetite and long-term investment horizon, here are some fund options that you may explore for better returns:

Multi Cap Funds: These funds offer flexibility to invest across market capitalizations based on prevailing market conditions, providing a balanced approach to growth and risk management.
Value-oriented Funds: Funds focusing on value investing principles may offer attractive opportunities to capitalize on undervalued stocks with the potential for long-term growth.
Sectoral/Thematic Funds: Consider allocating a portion of your portfolio to sectoral or thematic funds to capitalize on specific growth themes or emerging sectors, provided you're comfortable with the associated risks.
Conclusion
In conclusion, while your current portfolio includes promising funds, optimizing it for better long-term returns involves diversification, minimizing overlap, and exploring varied investment opportunities. By incorporating a mix of funds across categories and investment styles, you can create a resilient portfolio poised for sustained growth over the long term.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Kindly review my monthly SIP portfolio for long term 10 years: UTI NIFTY 50 index fund direct growth Rs.500 from march2024, Nippon India small cap fund direct growth Rs.500 from apr2024, HDFC index S&P Bse sensex direct plan growth Rs.500 from Apr2024. Shall I continue or make any changes. Kindly advise retirement fund portfolio
Ans: Evaluating Retirement Fund Portfolio
Firstly, I must commend your foresight in planning for your retirement at such a young age. Building a robust portfolio now sets a solid foundation for your future financial security.

Review of Monthly SIP Portfolio
Let's assess your current monthly SIP portfolio for its suitability for long-term retirement planning over a 10-year horizon:

UTI NIFTY 50 Index Fund (Direct Growth) - Rs. 500 from March 2024
Nippon India Small Cap Fund (Direct Growth) - Rs. 500 from April 2024
HDFC Index S&P BSE Sensex Direct Plan Growth - Rs. 500 from April 2024
Disadvantages of Index Funds in Retirement Planning
While index funds offer the advantage of low costs and simplicity, they also come with certain drawbacks, especially when considered for long-term retirement planning:

Limited Potential for Outperformance: Index funds aim to replicate the performance of a specific index, such as the NIFTY 50 or S&P BSE Sensex. However, they inherently limit the potential for outperformance compared to actively managed funds.
Lack of Flexibility: Index funds are constrained by the composition of the underlying index, which may not always align with market opportunities or changing economic conditions. This lack of flexibility can hinder returns over the long term.
Dependency on Market Performance: Since index funds passively track market indices, their performance is entirely dependent on the market's movements. During periods of market downturns, index funds may underperform actively managed funds, potentially impacting your retirement corpus.
Recommendations for Retirement Fund Portfolio
Considering the long-term nature of retirement planning and the need for wealth accumulation, it's advisable to include a mix of actively managed funds alongside index funds in your portfolio. Actively managed funds offer the following benefits:

Potential for Alpha Generation: Skilled fund managers actively research and select stocks with the aim of outperforming the market. This active management can potentially generate alpha, resulting in superior returns over time.
Tactical Asset Allocation: Actively managed funds have the flexibility to adjust their asset allocation based on market conditions and economic outlook. This dynamic approach can help navigate market volatility and optimize returns.
Diversification Benefits: Actively managed funds often have diversified portfolios across sectors and market caps, reducing concentration risk and enhancing overall portfolio resilience.
Conclusion
In conclusion, while your current SIP portfolio includes index funds, it's prudent to diversify and include actively managed funds for better long-term retirement planning. A balanced approach that combines the cost-efficiency of index funds with the potential for alpha generation offered by actively managed funds can optimize your retirement corpus.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 04, 2024Hindi
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Is mutual fund better than ulip
Ans: Understanding Mutual Funds vs. ULIPs
It's great that you're considering different investment options to secure your financial future. Both Mutual Funds (MFs) and Unit Linked Insurance Plans (ULIPs) are popular choices among investors in India. Let's delve into why Mutual Funds are often preferred over ULIPs.

Transparency and Cost Efficiency
One of the key advantages of Mutual Funds is their transparency and cost efficiency. Unlike ULIPs, which often come with high charges and hidden fees, Mutual Funds typically have lower expense ratios and offer greater clarity regarding fees.

Flexibility and Diversification
Mutual Funds provide investors with flexibility and diversification opportunities. With a wide range of funds available across various asset classes and sectors, investors can tailor their portfolio to suit their risk tolerance and financial goals.

Professional Management
Another significant advantage of Mutual Funds is professional fund management. Skilled fund managers actively monitor the market, analyze trends, and make informed investment decisions on behalf of investors. This expertise can potentially lead to better returns compared to self-managed ULIPs.

Liquidity
Mutual Funds offer greater liquidity compared to ULIPs. Investors can easily buy and sell Mutual Fund units based on their financial needs, without incurring hefty charges or facing surrender penalties, as is often the case with ULIPs.

Tax Efficiency
Mutual Funds also offer tax benefits, especially Equity Linked Savings Schemes (ELSS), which provide tax deductions under Section 80C of the Income Tax Act. ULIPs, on the other hand, may have complex tax implications and may not offer the same level of tax efficiency.

Conclusion: Choosing the Right Investment Avenue
While ULIPs may offer insurance coverage along with investment benefits, Mutual Funds often outshine them in terms of transparency, cost efficiency, flexibility, and potential returns. As a Certified Financial Planner, I recommend carefully assessing your investment objectives, risk appetite, and financial needs before making a decision.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 04, 2024Hindi
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Hi, I am 29 yr old and i have two sip's: quant flexi cap fund which i started last with 5k and increased to 6k and mireae assed emerging blue chip fund which i started 4 months which 5k. I have investment 5l lumpsum in quant multi cap fund 5l in sbi blue chip fund 1 in nippon large cap fund 1.5l in quant small cap fund. My goal is to reach 1 cr in next 5- 6 yrs span. Please guide me how much i need to invest and in which mutual funds i need to invest into.
Ans: Let's begin by appreciating your proactive approach to financial planning at such a young age. It's commendable that you've already started investing through SIPs and lump sum investments.

Your current portfolio includes a mix of flexi cap, emerging blue chip, multi cap, large cap, and small cap funds, showcasing a diversified investment strategy. However, to evaluate your progress towards your goal of reaching 1 crore in the next 5-6 years, let's delve deeper.

Your SIP investments in Quant Flexi Cap Fund and Mirae Asset Emerging Blue Chip Fund demonstrate a disciplined saving habit. With time, consistent SIPs have the potential to accumulate substantial wealth due to the power of compounding.

Analysis of Portfolio Performance
While your investment choices show promise, it's crucial to assess the performance of your funds periodically. As a Certified Financial Planner, I would suggest reviewing your portfolio at least annually to ensure it aligns with your financial goals and risk tolerance.

Strategic Investment Approach
Given your ambitious goal of accumulating 1 crore in 5-6 years, it's essential to evaluate your investment strategy. Considering the relatively short time frame, a more aggressive approach may be warranted.

Recommendations for Optimizing Portfolio
To optimize your portfolio, consider reallocating your investments towards funds with higher growth potential. You may want to increase your exposure to mid and small-cap funds, which historically have shown greater growth potential over the short to medium term.

Building a Path to 1 Crore
To estimate how much you need to invest regularly, it's essential to consider factors like expected returns, inflation, and time horizon. A Certified Financial Planner can help you calculate the required SIP amount based on these variables, ensuring your investment strategy remains aligned with your goal.

Conclusion
In summary, while your current investment portfolio demonstrates a proactive approach towards wealth accumulation, optimizing it further can enhance your chances of reaching your goal of 1 crore in 5-6 years. Regular reviews and adjustments, coupled with strategic investments, will pave the way for financial success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Shekhar

Shekhar Kumar  |139 Answers  |Ask -

Leadership, HR Expert - Answered on May 20, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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I am a Banker. I have worked as finance professional for 20 years now but I have not excelled in my career as I am not great at finance. I have been dragging myself for 20 years now. Can you help as to how can I change my career to which I like as well as excel in it.
Ans: It's commendable that you're seeking a career change after 20 years in finance. Changing careers can be challenging but also highly rewarding if it aligns with your interests and strengths. Here is some advice to help you transition into a new career that you both enjoy and excel at, but first do a self-assessment to know what you truly enjoy doing. Use career assessment tools and resources like LinkedIn, job boards, and industry publications to explore different career options. Consider hobbies, activities, or subjects that you find engaging and fulfilling. Assess your transferable skills, such as problem-solving, analytical thinking, communication, leadership, and any technical skills you’ve developed. Look into various career fields that align with your interests and strengths. Consider fields like education, healthcare, technology, non-profit work, entrepreneurship, etc. Talk to professionals in fields you’re interested in. This will give you insights into your day-to-day responsibilities, required skills, and potential challenges. Determine what new skills or qualifications you need for your desired career. This might include technical skills, certifications, or degrees. Platforms like Coursera, Udemy, and edX offer courses in various fields. Consider enrolling in relevant courses to build your skillset. Use your financial background to become a business or financial consultant. If you enjoy teaching, consider becoming a finance professor or instructor. Alternatively, you could move into administration or counseling within educational institutions. Leverage your management and analytical skills in the healthcare sector, which often seeks professionals with strong organizational and financial skills. Consider roles in fintech, data analysis, or project management. Changing careers after 20 years in finance is a significant step, but with careful planning, skill development, and a strategic approach, you can successfully transition to a career that you enjoy and excel in. Focus on what drives you and aligns with your strengths, and take actionable steps toward achieving your new career goals.

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Shekhar

Shekhar Kumar  |139 Answers  |Ask -

Leadership, HR Expert - Answered on May 20, 2024

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My son has completed 12th and like to choose psychology and after graduation like to go to army through COD exam. He is state champion in long jump. But we do not see much future in it. Please advise
Ans: Choosing a career path that balances your son's interests and future opportunities is crucial. Here is some advice and considerations that can help him navigate his decision-making process effectively. A degree in psychology can lead to various career paths, including clinical psychology, counseling, industrial-organizational psychology, forensic psychology, sports psychology, and academic research. The Combined Defense Services (CDS) Exam is a gateway to joining the Indian Armed Forces. The Union Public Service Commission (UPSC) conducts the recruitment at the Indian Military Academy, Indian Naval Academy, Air Force Academy, and Officers Training Academy. The military has roles for psychologists, including clinical psychology, counseling, and research. He can become a military psychologist to support the mental health and well-being of soldiers, conduct psychological assessments, and develop training programs. Discuss with him his long-term career aspirations. Does he see himself as a practicing psychologist, a military officer, or a combination of both? Consider alternative careers that leverage a psychology degree, such as human resources, educational psychology, or social work as well. Your son has the potential to create a fulfilling career by combining his interests in psychology and his aspiration to join the army. With strategic planning, dedicated preparation, and continuous learning, he can achieve his goals. Supporting him in exploring various options and staying flexible will help him navigate his career path effectively.

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Shekhar

Shekhar Kumar  |139 Answers  |Ask -

Leadership, HR Expert - Answered on May 20, 2024

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Hello sir. I am 26 years old woman and i am unemployed. I am preparing for bank exams but yet not qualified any. I sat for SBI Clerk and didnt made it. My parents are saying that Bank is not a good option for women because of work pressure , transfer and working hours. Ans they have given me only 2 years else they gonna get me married. some of my friends got in bank one got in IIM and i feel i am out of track. PLease help me with this. i really am looking forward to work as a manager in bank but im scared of all this. Please guide. thank you
Ans: It's understandable that you're feeling stressed and uncertain, given the pressure from your family and the challenges you're facing. Think about other career paths that might also align with your skills and interests. This could include roles in finance, administration, or other fields where your banking preparation might be valuable. Identify where you fell short in previous bank exams. Develop a detailed study schedule that includes daily goals, practice tests, and regular revisions. Focus on your weak areas while reinforcing your strengths. Have an honest conversation with your parents about your career aspirations and the steps you are taking to achieve them. Explain the commitment and passion you have for working in a bank. Discuss potential compromises, such as exploring banking roles that have more stable locations or considering other positions in financial institutions that may offer similar career growth without frequent transfers. Focus on your preparation, and try not to compare yourself to others. Everyone has their own pace and path to success. Practice stress-relief techniques like meditation, exercise, or hobbies that help you relax and stay positive. Reflect on what you want in life, and don’t rush into marriage solely due to external pressure. It’s essential to find a partner who supports your career ambitions. By focusing on your goals, improving your preparation strategy, and addressing your family's concerns with understanding and communication, you can navigate this challenging period and work towards achieving your dream of becoming a bank manager. Stay determined and proactive, and remember that your career is your journey.

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Ramalingam

Ramalingam Kalirajan  |2664 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Hello Sir, Hope you are doing good. My current age - 35, I am planning to invest as SIP 60K monthly for 15 years. My goal is 2 crore after 15 years. Below are the schemes I choose. Kindly review and suggest changes if any Midcap Fund Motilal Oswal Midcap Fund Direct-Growth 4K, Mahindra Manulife Mid Cap Fund Direct - Growth 4K, Smallcap Fund Axis small cap direct growth 4k, Canara robecco small cap 4K, quant small cap 4K, Nippon small cap 4K, Mid and Largecap Mirae Asset Emerging Bluechip fund 4K, Axis Growth Opportunities Fund Direct - Growth 4K, Multicap Mahindra Manulife Multi Cap Fund Direct - Growth 4K, HDFC Multi-Cap Fund Direct - Growth - 4K, Mirae Asset Multicap Fund Direct - Growth 4k, Canara Robeco Multi Cap Fund Direct - Growth 4K, Flexi Parag Parikh Flexi Cap Fund Direct-Growth 4K, Quant Flexi Cap Fund Direct-Growth 4K, Value Tata Equity PE Fund Direct-Growth - 4K
Ans: Your proactive approach towards investing for your future financial goals is commendable. Let's review your selected schemes and suggest any necessary changes to align with your investment objectives.

Your commitment to systematic investing reflects a strong financial discipline and foresight towards achieving your long-term goals.

Assessing Scheme Selection
Evaluate the selected schemes based on their historical performance, fund manager expertise, expense ratios, and portfolio composition to ensure alignment with your investment goals.

Midcap and Smallcap Exposure
Consider the risk associated with midcap and smallcap funds, which can be higher compared to large-cap funds. Review your allocation and ensure it matches your risk tolerance.

Diversification
Ensure proper diversification across fund categories such as midcap, smallcap, multicap, and flexicap to mitigate portfolio risk and capture growth opportunities across market segments.

Consolidation and Optimization
Consider consolidating your portfolio to avoid over-diversification and optimize returns. Focus on high-quality funds with a proven track record and strong fundamentals.

Reviewing Multicap and Flexicap Funds
Evaluate the performance and consistency of multicap and flexicap funds to ensure they effectively capitalize on market opportunities and adapt to changing market conditions.

Monitoring and Review
Regularly monitor the performance of your portfolio and review fund selection periodically to make necessary adjustments based on changing market dynamics and your evolving financial goals.

Final Thoughts
By reviewing your portfolio composition, consolidating funds where necessary, and ensuring proper diversification across fund categories, you can optimize your SIP investments to achieve your long-term financial objectives effectively.

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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