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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.
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You may like to see similar questions and answers below

Harsh

Harsh Bharwani  | Answer  |Ask -

Entrepreneurship Expert - Answered on Oct 19, 2023

Asked by Anonymous - Oct 11, 2023Hindi
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Career
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

Harsh

Harsh Bharwani  | Answer  |Ask -

Entrepreneurship Expert - Answered on Dec 18, 2024

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Career
I'm a Chartered accountant .. recently qualified .I'm interested in start up company with intention of book keeping services .software .pls give me some piece of idea regarding how to begin my book keeping services software ..
Ans: Starting a bookkeeping service powered by your own software is a great way to leverage your skills as a recently qualified chartered accountant. With the growing demand for streamlined accounting solutions, your idea has a lot of potentials. Here's how you can get started effectively:

Understand the market and identify your niche:- You have to start by researching the market to identify the specific needs of small & medium-sized businesses. Because many businesses are struggling with manual accounting or find existing software too complex or expensive. Focus on building a solution that is simple, affordable and addresses their pain points, such as automating invoices, tracking expenses and generating tax reports.

Develop or customize software:- Decide whether to build your software from scratch with the help of a development team or customize an existing platform like QuickBooks or Zoho Books to create a unique product. But make sure your software includes essential features like cloud access, real-time financial tracking, automated reminders, payroll management, and integration with banking systems. Prioritize an intuitive interface so that even non-accountants can use it easily.

Provide flexible and scalable solutions:- Start structuring your services with flexible pricing models, such as tiered subscription plans based on business size and its features. With Offers add-ons such as tax filing assistance, compliance consulting, or financial planning to differentiate yourself from other competitors. A free trial or discounted onboarding package can attract new customers and build trust to convert the audience into customers.

Build a strong brand and online presence:- Start your service as a reliable, tech-enabled bookkeeping solution by emphasizing your credentials as a chartered accountant. You Have to create a professional website with client testimonials, feature highlights and demo videos of your software. Use social media and content marketing to showcase the benefits of your services, such as cost savings, error reduction compliance accuracy and many more. Networking with local businesses and participating in professional forums can also help increase your visibility in the market.

Stay up to date and constantly improve:- Accounting laws and technology are evolving quickly, so keep your software updated with new versions to meet regulatory requirements after getting client feedback. Introduce AI-powered features like predictive analytics or fraud detection to stay ahead of competitors. Engage with your clients regularly to understand their challenges and improve your offerings.

By combining your expertise in accounting with cutting-edge technology, you can create a reliable and scalable bookkeeping solution that not only supports businesses but also establishes you as a leader in this field. Start small, focus on client needs, and let your service grow along with your reputation.

..Read more

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Nayagam P

Nayagam P P  |9775 Answers  |Ask -

Career Counsellor - Answered on Aug 01, 2025

Asked by Anonymous - Aug 01, 2025Hindi
Career
Sir what should my daughter consider iiit sri city cse or bit mesra cse?
Ans: Already answered. Anyway, please note, IIIT Sri City’s CSE program records a 93.6% placement rate in 2025, engaging leading recruiters such as Amazon and Google, while Birla Institute of Technology Mesra’s CSE branch averaged 75–84% placements over the past two years. IIIT’s compact 15 air-conditioned classrooms, dedicated research centres, and seamless on-campus hostel model support immersive learning, complemented by faculty clusters organized by research groups and early internship opportunities. BIT Mesra offers extensive infrastructure with over 65 specialized labs, a central CAD facility, and a vast library housing 1.5 lakh volumes, backed by PhD-qualified faculty, notable international collaborations, and strong alumni mentorship. Both institutes maintain robust industry interface via structured placement cells and internship pipelines, yet IIIT’s leaner student-to-faculty ratio fosters personalized mentorship and rapid curriculum updates, whereas BIT Mesra’s legacy amplifies research depth and campus diversity.

Recommendation: IIIT Sri City stands out for its higher placement consistency, focused research groups, and agile infrastructure, making it the preferable choice for CSE; BIT Mesra remains an excellent alternative for those prioritizing broader research and legacy campus ecosystem. All the BEST for a Prosperous Future!

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Ramalingam

Ramalingam Kalirajan  |10031 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 01, 2025

Asked by Anonymous - Jul 13, 2025Hindi
Money
I am 42 yr old. Have rental income 1.2 lakhs per month. I have dept of 26 lakhs as home loan. 15 L in MF, 14 L in PPF, 5 acre land which is giving 1 L per year. Epf 35 L. I want to generate 2.5 L per month after 8 yeats and retired. I can sabe 1L per month during this 8 years. Please suggest how can i target 2.5 l per month after 8 years.
Ans: You have built a very solid base. Regular income, assets, EPF, and savings ability are strong. Your clarity on retirement at 50 and income target is very helpful. That’s a very realistic and reachable target with careful planning.

Let us now evaluate and structure your plan in a 360-degree view.

» Monthly Income and Debt

– You earn Rs.1.2 lakh monthly from rent
– Your home loan outstanding is Rs.26 lakh
– Check your loan interest rate.
– If high, you may try to refinance or prepay partly
– Don’t rush to close the loan. Low-cost loans can stay longer
– Instead, invest your savings for higher growth over 8 years
– Let your investment returns beat the loan rate gradually

» Existing Mutual Fund Investments

– You have Rs.15 lakh in mutual funds
– Keep them invested. Don’t redeem early
– Review your fund quality with a Certified Financial Planner
– Stay invested in regular mutual funds via MFD under CFP guidance
– Don’t go for direct mutual funds
– Direct plans miss professional review, tracking, and course correction
– Regular plan with CFP support gives strategy, timing, and goal focus
– Use a diversified mix of equity and balanced mutual funds
– Rebalance yearly with your CFP to match risk and goals

» Avoid Index Funds

– Index funds are passive and follow the market
– They don’t protect your downside in bad markets
– No fund manager means no active planning
– They also don’t suit near retirement phase
– Your goals need better control and tailored returns
– Choose only actively managed mutual funds with CFP support
– Active funds adjust portfolio based on markets, economy, and valuations

» PPF and EPF Holdings

– PPF balance is Rs.14 lakh
– EPF is Rs.35 lakh, which is substantial
– PPF will mature once 15 years complete
– These give fixed but limited returns
– Don’t increase exposure here further
– Returns won’t beat inflation in long term
– Keep them for safety but don’t rely on them fully

» Agricultural Land

– You have 5 acres giving Rs.1 lakh annually
– Keep land for emotional or family reasons if needed
– Don’t depend on it for main retirement income
– Returns from land are low and inconsistent
– It lacks liquidity and is hard to monetise quickly
– Real estate value appreciation is unpredictable
– Avoid further land buying or development for income

» Debt Repayment Plan

– Your home loan is Rs.26 lakh
– Avoid full prepayment now unless interest is above 9%
– If loan is affordable, focus more on investing
– Use EMI benefits for tax reduction till 60
– If surplus is available, part prepay 10%-15% once in 2-3 years
– Use windfalls or bonus income to reduce principal slowly
– Don’t use mutual fund corpus to repay loan now

» Monthly Saving Ability

– You can save Rs.1 lakh monthly for next 8 years
– This is a big strength
– With this discipline, you can create strong wealth
– Begin SIPs in 5-6 good mutual funds via regular plan
– Allocate major part to equity mutual funds
– Keep some in balanced or dynamic funds
– Increase SIPs by 10% every year if possible
– Top-up SIPs help combat inflation

» Asset Allocation Strategy

– You already have EPF and PPF as safe options
– New monthly SIPs should target higher equity exposure
– Around 70%-80% in equity funds and balance in hybrid funds
– This will help wealth compound better in 8 years
– Too much safety will reduce your returns
– Your CFP can adjust allocation yearly as you approach age 50

» Target Retirement Income Plan

– Your goal is Rs.2.5 lakh monthly income after 8 years
– That’s about Rs.30 lakh per year
– After retirement, you can withdraw from mutual funds smartly
– Systematic Withdrawal Plan (SWP) can help generate monthly cash flow
– Equity mutual funds give better post-tax income via SWP
– After age 50, shift part of equity to hybrid and debt funds
– Your CFP will guide reallocation for smoother post-retirement income

– Equity mutual fund SWP taxation:

LTCG above Rs.1.25 lakh taxed at 12.5%

STCG taxed at 20%

– Debt mutual fund SWP:

Taxed as per your income slab

– Plan redemptions after retirement as per tax-efficient withdrawal strategy

» Emergency Fund and Risk Management

– Keep 6 months expenses in liquid mutual funds
– Avoid using PPF or EPF for emergency
– Emergency fund must be quickly accessible
– Refill emergency fund if used anytime
– Also buy pure term life insurance if not already done
– Medical insurance for self and family is also a must
– Don’t depend on employer coverage alone

» Inflation Impact and Income Protection

– Your monthly income target must consider inflation
– Today’s Rs.2.5 lakh may need Rs.3.5 lakh after 8 years
– Invest aggressively for now, and then shift gradually to safety
– Don’t chase short-term performance
– Long-term investing gives more stable wealth
– Stay disciplined and let compounding work

» Avoid Insurance Investment Products

– Don’t buy ULIPs or endowment plans for retirement
– They offer poor return, low flexibility
– Only term plan is needed for protection
– If you already hold ULIPs or endowment, consider surrendering
– Reinvest surrender value into equity mutual funds
– Insurance and investment must stay separate

» Review and Monitor Annually

– Track fund performance every 12 months
– Don’t make frequent changes
– Review goals, income, and fund health with CFP
– Make changes slowly and logically
– Emotional investing can damage long-term outcomes
– Avoid timing the market or reacting to noise

» Income Streams After Retirement

– Your rental income of Rs.1.2 lakh can continue after retirement
– With SWP from mutual funds, aim to generate another Rs.1.3 lakh
– EPF can give lump sum support if kept untouched till 50
– Avoid withdrawing EPF now
– Use it post-retirement gradually if needed
– Don’t buy pension plans or annuities for income

» Will and Nomination Planning

– Prepare a proper Will before age 50
– Add nominations in all MF, PPF, EPF, and bank accounts
– Land should also be clearly documented and inherited properly
– This helps your family in smooth asset transfer
– Review nominations every 3-4 years

» Final Insights

– You are in strong financial health
– Continue Rs.1 lakh savings with discipline
– Avoid property investments or insurance-based products
– Focus on equity mutual funds through regular plan with CFP
– Track every year and take help to rebalance if needed
– Don’t disturb EPF or PPF till retirement
– Rental income + mutual fund SWP can meet your income goals
– Target asset value, not just monthly income

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |10031 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 01, 2025

Asked by Anonymous - Jul 13, 2025Hindi
Money
43yr, 7-8 lac per month. Plan to work till 60yr. One child6 yrs. SIP in MF 1.2 lac since 1 yr. Ppf maturing next year. Life insurance 2 cr. 2 house, few plots. Kindly advice how to invest my fund for maximum benifit in long term
Ans: You have already taken wise steps. Investing through SIP, having life cover, and PPF maturity next year show good discipline. Your income level gives strong potential for long-term wealth. With right planning, your goals can be met peacefully.

Let us structure the answer with a complete 360-degree assessment.

? Income and Savings Potential

– Monthly income of Rs.7-8 lakhs gives excellent saving ability
– Maintain at least 30%-40% of your income as regular investments
– Your current SIP of Rs.1.2 lakh per month is a good beginning
– There is room to gradually increase this by 10%-15% every year
– Avoid lifestyle inflation. Save first, then spend

? Existing SIP in Mutual Funds

– Continue SIPs in actively managed mutual funds through a Certified Financial Planner
– Don’t shift to direct mutual funds.
– Direct funds may look cheaper. But guidance is missing.
– Without CFP’s supervision, there is risk of poor fund selection
– Regular plan with CFP and MFD gives handholding, reviews, and corrections
– Professional advice helps in fund curation and rebalancing
– Regular plans can also help avoid emotional investing errors
– Don’t stop SIPs in correction phases. That’s when most wealth gets built

? Stay Away from Index Funds

– Index funds have low cost, but very little active strategy
– They mirror the market. They don’t protect from market falls
– No downside protection, no active reallocation in tough times
– Index funds lack fund manager’s expertise and judgment
– Active funds can outperform in sideways or volatile markets
– Stick to actively managed funds that are reviewed by your CFP

? PPF Maturity Next Year

– PPF maturity should be reinvested wisely
– Don't spend it unless it is for a goal
– Reinvest in long-term equity mutual funds via regular plan
– Discuss asset allocation with your CFP before reinvestment
– Avoid putting into fixed deposits or insurance-based schemes
– Consider staggering this lump sum in equity via STP over 12-18 months

? Life Insurance Cover – Review Needed

– Rs.2 crore cover is good. But may not be enough now
– With Rs.8 lakh income and child’s future expenses, a review is needed
– Ideally, have a cover of 15-20 times of annual income
– Go only for pure term insurance. No ULIPs or investment-based plans
– If you hold any ULIPs or endowment plans, consider surrendering
– Reinvest surrender proceeds in mutual funds after discussion with CFP
– Review your insurance every 3-4 years or at major life events

? Property and Plots – Use Caution

– You already own two houses and plots
– No need to invest more into property
– Real estate lacks liquidity, rental yield is low
– Hard to exit, especially during emergencies
– Avoid locking more capital into additional plots or flats
– Instead, use surplus funds to invest in financial assets

? Planning for Child’s Future

– Your child is 6 years old now
– You have around 12 years for college planning
– Continue SIPs in child-specific long-term equity mutual funds
– Target higher education corpus using aggressive asset allocation
– Use separate folio for this goal to track easily
– Don’t mix this with retirement goal investments

? Retirement Planning – 17 Years to Prepare

– You plan to retire at 60. That gives 17 years
– Increase SIPs every year as income rises
– Allocate funds to a mix of equity and hybrid funds
– Don’t rely on property rent or inheritance
– Plan assuming self-dependence post-retirement
– Discuss retirement corpus estimation with your CFP
– Use goal-based planning to build retirement bucket separately

? Emergency Fund and Liquidity

– Keep at least 6-8 months of expenses in liquid mutual funds
– Don’t keep too much in savings account
– Use low-duration or overnight mutual funds for emergency buffer
– Review and replenish emergency fund after usage
– Emergency fund must be kept liquid, not in FD or real estate

? Tax Planning and Fund Selection

– Avoid investing only for tax-saving
– Let your investment be goal-oriented, not just tax-saving
– Choose ELSS under regular plan with guidance of CFP
– Diversify between equity, balanced advantage, and flexi-cap funds
– Understand the new mutual fund tax rules while exiting funds

– For equity mutual funds:

LTCG above Rs.1.25 lakh taxed at 12.5%

STCG taxed at 20%

– For debt mutual funds:

Taxed as per your income slab for both STCG and LTCG

– Plan redemptions wisely with help of a CFP to reduce taxes

? Avoid Insurance-Based Investments

– Don’t mix insurance and investment
– ULIPs, endowment plans give low return and low flexibility
– If you hold such policies, check surrender values
– Surrender and switch to mutual funds after careful review
– Use pure term plan for life cover. Invest rest separately

? Annual Portfolio Review – A Must

– Investment journey needs regular tracking
– Once a year, do complete review with your CFP
– Remove underperforming funds, reallocate as per goal progress
– Adjust SIPs based on changed income or family needs
– Portfolio rebalancing keeps risk in control and improves returns

? Wealth Transfer and Estate Planning

– Prepare a Will to ensure smooth succession
– Mention nominations in mutual funds and bank accounts
– If plots are held, register them properly with clear documents
– Don’t ignore succession planning. It avoids family disputes later
– Also assign Power of Attorney to trusted person, if needed

? Behavioral Discipline – Most Important

– Avoid chasing hot funds or short-term trends
– Market timing doesn’t work. Stay invested for long-term
– Never pause SIPs due to market fear or noise
– Focus on your own goals, not others’ portfolio
– Long-term wealth needs patience and consistency
– Trust your financial planner and stick to the plan

? How to Scale Your Investment Strategy

– Increase SIPs by 10%-15% every year
– Use bonuses and windfalls for lump sum investments
– Diversify across 5-6 good equity mutual funds
– Don’t exceed 7-8 funds, else tracking becomes difficult
– Split investments by goals – child, retirement, emergency, etc.
– Take help from CFP to monitor each goal’s progress

? Checklist for 360-Degree Plan

– Monthly SIPs: On track, but scope to increase
– Life cover: Review and upgrade to 15-20x annual income
– Real estate: Avoid further investments, no liquidity
– Child’s education: Build separate corpus via SIP
– Retirement: Plan with 17-year horizon, increase SIPs annually
– PPF: Reinvest on maturity, via STP in mutual funds
– Tax planning: Use ELSS and goal-based planning
– Emergency fund: Maintain liquidity for 6-8 months expenses
– Estate planning: Prepare Will and ensure nominations

? Final Insights

– You are already ahead with your savings mindset
– Keep emotions away from investing decisions
– With the right review and planning, you can retire peacefully
– Continue SIPs, add more as income increases
– Stay invested in regular mutual funds under guidance of CFP
– Avoid real estate and insurance-based investments now
– Track your goals every year. Small corrections give big impact later

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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