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Chocko

Chocko Valliappa  |203 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on Feb 27, 2024

Chocko Valliappa is the founder and CEO of Vee Technologies, a global IT services company; HireMee, a talent assessment and talent management start-up; and vice chairman of The Sona Group of education institutions.
A fourth-generation entrepreneur, Valliappa is a member of Confederation of Indian Industry, Nasscom, Entrepreneurs Organization and Young Presidents’ Organization.
He was honoured by the YPO with their Global Social Impact award in 2018.
An alumnus of Christ College, Bangalore, Valliappa holds a degree in textile technology and management from the South India Textile Research Association. His advanced research in the Czech Republic led to the creation of innovative polyester spinning machinery.... more
Kala Question by Kala on Sep 24, 2023Hindi
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Career

Can u suggest a good engineering college for computers B.tech in bangalore

Ans: I would encourage you to look for career guidance websites like Education Times, Career360, Shiksha or search for NIRF ranked engineering colleges in Bengaluru. However, it is important for you to look for their admission entrance dates, criterion and then prepare to excel in those to gain a seat in the best among those.
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Ramalingam

Ramalingam Kalirajan  |1281 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - May 02, 2024Hindi
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Money
Hi sir, I'm 25y old. I have a salary of 55k per month I've started investing in May 2022 in mutual funds through SIP for long term 25-30years. Right now I've 60k of invested amount in MF Portfolio doing SIP of 7k per month. I've an emergency fund in FD of 60k and I've health and term insurance for me and family. I also have a personal loan of 6lakh which I took in December 2022. I'm paying 20k monthly for a loan. Still I need to pay 6.22 lakh in 3 years. I'm also thinking of starting investing 10k per month in chit funds for 2 years(trusted chit fund) assuming an annualized return of 15%. My monthly expenses excluding loan and SIP in MF is 23k. My MF Portfolio: Parag Parikh flexi cap - 2.5k Nippon small cap - 2k Axis bluechip - 2k Navi nifty50 index fund -500 Can you please review my MF Portfolio and guide me how I can clear my debt of 6.22 lakh as soon as possible.
Ans: It's fantastic to see your commitment to securing your financial future at such a young age! Your Mutual Fund portfolio shows a good mix, but let's fine-tune it a bit. Are you considering the risk factors of your current investments?

Now, about that loan. It's understandable to want to clear it as soon as possible. Have you thought about increasing your monthly payments towards it? It might ease the burden in the long run.

Regarding chit funds, while they offer potential returns, are you sure about their reliability and transparency? It's crucial to be cautious when exploring new investment avenues.

Remember, a Certified Financial Planner can offer personalized advice tailored to your goals and circumstances. With discipline and strategic planning, you'll be on track to financial freedom sooner than you think!

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