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Chandu

Chandu Nair  | Answer  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Sep 08, 2023

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Asked by Anonymous - Sep 06, 2023Hindi
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Career

Start Up - I am a Cost Accountant - Retired and doing professional Practice in Stock n Cost Audit field. What kind of start up can be thought off?

Ans: Depends on the areas of your interest, expertise, experience, opportunity and funds you can get. So many options today. From bootstrapped home based businesses to significantly funded start-ups. Pl arrive at some criteria first for you to evaluate ideas and shortlist.
Career

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Harsh

Harsh Bharwani  |62 Answers  |Ask -

Entrepreneurship Expert - Answered on Oct 19, 2023

Asked by Anonymous - Oct 11, 2023Hindi
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Hi, I am a Chartered Accountant by profession having more than 20 years of corporate experience, I have a burnt desire to establish my own venture. I can invest up to Rs 1 Cr. Could you please suggest me what kind of business i should go for. I don't want to go for conventional audit or accounting firm. Could you please share few ideas to see the growing make in India market in line with vision development by 2047 Thank you!
Ans: Certainly, to suggest a business idea, it's helpful to consider your interests, skills, and resources. Here are a few business ideas across different sectors that you might consider:

Online Retail Store: If you have a passion for a particular niche, consider starting an online store. E-commerce is a growing industry, and you can sell products related to your interests.

Consulting or Freelancing: If you have expertise in a specific field, consider offering consulting or freelancing services. This can include areas like marketing, finance, IT, or any skill you possess.

Food Business: If you enjoy cooking or have a unique food product, you could start a food business. Options include a food truck, catering service, or selling specialty food products online.

Health and Wellness: With the increasing focus on health and wellness, you could start a business related to fitness training, nutrition coaching, or wellness products.

Educational Services: Since you work in an educational institute, you might consider starting a tutoring center, offering exam preparation courses, or creating educational content online.

Technology Services: If you're tech-savvy, you could offer services like website development, app development, or IT support.

Event Planning: Event planning can be a rewarding business if you have good organizational skills. You could specialize in weddings, corporate events, or other types of gatherings.

Content Creation: If you have a talent for writing, graphic design, or video production, consider offering content creation services. This can be for businesses, bloggers, or social media influencers.

Handmade Crafts and Art: If you're skilled in crafts or art, you can sell your creations online or at local craft fairs.

Real Estate: If you have knowledge of the local real estate market, you could become a real estate agent or start a property management company.

Subscription Box Service: Create a subscription box with curated products related to a specific theme or niche.

Eco-Friendly Business: Consider starting a business focused on eco-friendly products or services. This can include eco-friendly cleaning products, reusable items, or green energy solutions.

Pet Services: If you love animals, consider a business related to pets, such as a pet grooming service, pet-sitting, or an online pet store.

Local Farming or Gardening: If you have space, you can start a small farm or garden and sell produce or plants locally.

Social Media Management: If you're skilled in social media, offer social media management services to businesses looking to improve their online presence.

..Read more

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Money
Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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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