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Sushil

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Study Abroad Expert - Answered on May 27, 2024

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 - Mar 25, 2024Hindi
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Career

My son wants to go for masters (Robotics/Automation/Industrial engg) in UK or Germany. What would be the best country to do his masters and get PR without any hassles? How will be the job opportunities in these countries for the course he did?

Ans: Hello,

To begin with, thank you for contacting us. I am happy to hear that your son aspires to pursue his Masters in Robotics/Automation/Industrial Engineering in the UK or Germany. To answer your question first, I would like to let you know that several variables, including possibilities for employment following graduation and permanent residency (PR) need to be taken into account when deciding between Germany and the UK for pursuing a Masters in Robotics, Automation, or Industrial Engineering.

I would like to tell you that Germany and the UK both are renowned for having robust engineering and technology industries with outstanding educational programs and research possibilities offered in these fields. Nevertheless, with regard to gaining permanent residency, Germany has simpler procedures than the UK.

Germany’s immigration laws, especially the Blue Card scheme, aims to attract competent laborers, including graduates from universities in Germany. On competing their Masters degrees in Germany, students have the chance to prolong their residence permits for the purpose of seeking employment and finally switch to a Blue Card, which can result in permanent residency.

The UK on the contrary, has modified its immigration laws recently, implementing a points-based system that gives preference to highly qualified personnel. Although overseas students are permitted to remain in the UK for a brief period of time following graduation in order to seek work, the routes to obtaining permanent residency are more difficult and competitive in comparison to Germany.

I would like to let you know that both the nations have booming engineering sectors that provide a wealth of work opportunities, nevertheless, the manufacturing industry in Germany is particularly strong with several jobs in automation, robotics, and industrial engineering. An abundance of opportunities for graduates in these sectors are offered by Germany’s robust industrial sector, including well-known corporations viz., Volkswagen, Siemens, and Bosch.

The UK also boasts a thriving engineering industry, particularly in aerospace, automotive, and technology. Nevertheless, employment prospects for overseas graduates in the UK may be impacted by Brexit concerns and its possible effects on immigration and employment laws.

Lastly, while outstanding possibilities to pursue a Master’s degree in Robotics, Automation, or Industrial Engineering are offered by both Germany and the UK, a more simpler route to obtain permanent residency and ample employment prospects in these sectors may be offered by Germany. Nevertheless, in order to make an educated choice depending on your son’s aspirations and situation, I would recommend that you conduct an extensive study on certain courses, universities, and well as labor markets in both the nations.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint
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Sushil

Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on Apr 20, 2023

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My son has done his BBCA from MIT (ATSC affiliated to Pune University) and was placed with an MNC AMDOCS Pune where he would complete two years of job ex in Aug 23. We are of the opinion that he should do his masters from some good college in Australia, Ireland or Germany. 1. Which country would you recommend (is there widespread racism in the last mentioned?)? 2. Should he apply for a job in these countries and do his masters part time or study full time and work part time?
Ans: Hello Ajoy,

To begin with, thank you for contacting us. The following details could be useful:

1. The choice of a country for master's study depends on a number of variables, such as the standard of education, employment prospects, cost of living, and cultural milieu. International students seeking higher education often choose to study in Australia, Ireland, or Germany. Each country has its unique set of advantages and disadvantages:
• Australia: Australia, which is renowned for its excellent educational system and diversified cultural environment, places a heavy focus on research and innovation. While racism does exist in some Australian communities, it is not pervasive, and the majority of colleges have policies in place to support diversity and inclusivity.

• Ireland: Ireland is renowned for its extensive literary and cultural past, and its educational system is well-regarded. Racism does occur in some nations, including Ireland, however it is typically thought to be less pervasive than in some other nations.

• Germany: German universities are well-known for their robust engineering and technology programs, and several of them offer courses in English. Although isolated acts of racism and discrimination might happen anywhere, Germany has stringent laws against them.

When selecting a country for master's degree study, it's crucial to conduct extensive research and take into account a variety of aspects, including racism. It is advised to speak with current students, former students, or academic advisors to better understand the cultural setting and experiences of international students in these nations.

1. Depending on his individual circumstances, aspirations, and master’s program requirements, your son should decide whether to work part-time while pursuing his degree full-time or the other way around. While some master's programs may be rigorous and need full-time dedication, others may allow flexibility for part-time employment. Prior to making a choice, it is crucial to thoroughly evaluate the prerequisites and workload of the master's program, as well as your son's career objectives and financial position. Furthermore, acquiring a job in a foreign nation may be contingent on issues such as language skills, work permits, and employment market conditions, all of which should be considered. Consultation with academic advisors, career counselors, or immigration advisors can provide valuable guidance in making this decision.

For more information, you can visit our website.

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Naveenn

Naveenn Kummar  |203 Answers  |Ask -

Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025

Asked by Anonymous - Sep 07, 2025Hindi
Money
am 53 , in between jobs as lost a high profile job about 8 months back. Have fulfilled all my responsibilities. no debt. own home. Me and wife are empty nesters. Monthly expenses maximum will be 60-65000 per month. Am planning to travel where the expenses could range between 10-12 lakhs per annum. What should be the ideal corpus that i should have at this point in time. i have currently close to 5.5-6.00 cr in corpus most in debt and some in ppf . Is this good enough to retire for good Am planning to go for a comprehensive medical insurance for me & my spouse. Am a very conservative & risk averse individual.
Ans: Dear Sir,

You are 53 years old with the following profile:

No dependents

Monthly expenses: ?60,000–65,000

Planned travel expenses: ?10–12 lakh/year

Current corpus: ?5.5–6 crore (majority in debt instruments and PPF)

Owns home (loan-free)

Risk profile: Very conservative, risk-averse

Planning to take comprehensive medical insurance for self & spouse

Observations

Current Corpus & Expenses

Annual lifestyle + travel expenses: ~?18–20 lakh/year

Using a safe withdrawal rate of 3.5–4% (suitable for conservative, long retirement), you would need a corpus of ~?5–6 crore to sustain current lifestyle indefinitely.

Investment Composition

Since most of your corpus is in debt and PPF, it is stable but may lag inflation slightly over long term.

With low-risk instruments, annual real returns may be ~5–6%, which is adequate if spending is controlled.

Recommendations

1. Portfolio Allocation

Maintain 70–75% in debt/PPF/FDRs for safety.

Keep 15–20% in conservative equity/balanced funds for inflation hedge.

Allocate 5–10% in gold/SGB for long-term protection.

2. Liquidity & Emergency Planning

Maintain cash or liquid funds for 12–18 months’ expenses to cover unexpected needs or medical emergencies.

3. Insurance & Health Coverage

Opt for a comprehensive family floater medical insurance covering hospitalization, critical illness, and post-hospitalization expenses.

Keep term insurance only if required for estate or inheritance planning.

4. Travel Planning

Fund travel expenses from short-term debt or liquid mutual funds to avoid liquidating PPF or long-term debt.

Set aside an annual corpus of ?10–12 lakh specifically for travel.

5. Inflation & Corpus Monitoring

Even conservative retirees should review corpus annually to account for inflation, unexpected medical costs, and lifestyle changes.

Consider modest equity allocation to maintain purchasing power over decades.

Conclusion

With ?5.5–6 crore mostly in safe instruments, your current corpus is sufficient for retirement with your conservative lifestyle and travel plans. Key actions:

Opt for comprehensive health insurance

Maintain liquidity for 12–18 months

Small equity allocation for inflation protection

Review corpus annually

Your retirement can be comfortable, low-risk, and sustainable, given disciplined spending and conservative investment approach.

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai

...Read more

Naveenn

Naveenn Kummar  |203 Answers  |Ask -

Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025

Asked by Anonymous - Sep 06, 2025Hindi
Money
I'm 26, unmarried, my current in-hand salary is 1.8L per month, In my savings i have 11.4Lakhs invested in mutual funds focusing investing in Small cap and mid cap large cap and index funds. And 10 lakhs invested in equities My PF Balance is 3.5lakhs and in Nps it's 1.5lakhs. and In my savings account i have around 2.5lakhs. I have recently received salary hike and now I'm planning to invest 1lakh in SIPs every month. I want to retire at the age of 45. My current expenses are around 70k per month.How shall I plan my investments to achieve this goal so that I draw atleast 1.5lakhs(today's value) post retirement.
Ans: Dear Sir/Madam,

You are 26 years old, unmarried, with a monthly in-hand salary of ?1.8 lakh. Current financials:

Investments & Savings:

Mutual funds: ?11.4 lakh (Small-cap, Mid-cap, Large-cap, Index funds)

Equities: ?10 lakh

PF: ?3.5 lakh

NPS: ?1.5 lakh

Savings account: ?2.5 lakh

Planned SIP: ?1 lakh per month

Current Expenses: ?70,000/month

Goal: Retire at 45, maintain lifestyle, draw ?1.5 lakh/month (today’s value)

Observations & Recommendations:

Retirement Corpus Requirement: Considering 19 years to retirement and 5% inflation, you may need a corpus of approx. ?7–8 crore to generate ?1.5 lakh/month in today’s value (adjusted for inflation) at 4% safe withdrawal rate.

SIP Allocation:

Maintain 60–70% in diversified equity funds (flexi-cap / large & mid-cap) for growth.

Keep 10–15% in debt funds or NPS for stability and tax efficiency.

Maintain emergency fund of 6–12 months’ expenses in liquid funds or savings account.

Portfolio Diversification: Avoid concentration in a few stocks; focus on mutual fund diversification across styles and market caps.

Annual Review: Increase SIP contribution with salary hikes; rebalance portfolio annually to maintain risk allocation.

Insurance: Ensure adequate health and term insurance to cover unforeseen events before retirement.

Next Steps:

Consult a QPFP / MFD planner for a detailed cash flow, goal tracking, and early retirement plan.

Monitor portfolio performance annually and adjust SIPs to ensure the target corpus is achievable.

Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing.

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai

...Read more

Naveenn

Naveenn Kummar  |203 Answers  |Ask -

Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025

Asked by Anonymous - Sep 06, 2025Hindi
Money
Hello sir I am 41 years old. My monthly income is 1.1 lakhs . My current financials follows: My monthly expense - 60000 EMI vehicle - 9700 Insurance premium - Term insurance: 2300/month Health insurance: 2000/month LIC: 1500/month APY Contribution: 1000/month Insurance cover: Term insurance 1cr. Plus 17 lakhs critical illness cover Health insurance - 30 lakhs family floater LIC - 4 lakhs Emergency fund - 7 lakhs Investment: Mutual fund SIP 1. Goal - House construction - Rs.65 lakhs - timeline - 15 years Parag pareikh flexicap fund - 8k / month 2. Goal - Land purchase - 40 lakhs - Time line - 10 years Axis large and midcap fund - 8k/month 3. Goal - Kids education - 16 lakhs - 11 years ICICI Prudential Large and Midcap fund - 2.5k/month 4. Goal - Retirement - 3.5 cr - 19 years HDFC Flexicap fund - 9.5k/month 5. Goal - Gold - 100gms - 15 years SBI Gold ETF - 6k/month 6. SSY - 3500/month Kindly suggest if I need to make any corrections in my investment. Thank you
Ans: Dear Sir/Madam,

You are 41 years old with a monthly income of ?1.1 lakh and the following financials:

Monthly Expenses & EMI:

Household expenses: ?60,000

Vehicle EMI: ?9,700

Insurance Premiums & Coverage:

Term insurance: ?2,300/month (Coverage ?1 crore)

Health insurance: ?2,000/month (Family floater ?30L)

LIC: ?1,500/month (Coverage ?4L)

Critical illness cover: ?17L

APY contribution: ?1,000/month

Emergency Fund: ?7 lakhs

Investments (SIPs):

Goal: House construction – ?65L – 15 years → Parag Parikh Flexi Cap ?8k/month

Goal: Land purchase – ?40L – 10 years → Axis Large & Mid Cap ?8k/month

Goal: Kids’ education – ?16L – 11 years → ICICI Large & Mid Cap ?2.5k/month

Goal: Retirement – ?3.5 crore – 19 years → HDFC Flexi Cap ?9.5k/month

Goal: Gold – 100g – 15 years → SBI Gold ETF ?6k/month

SSY – ?3,500/month

Observations & Recommendations:

Equity Allocation: Your goal-based equity SIPs are modest and diversified. You may slightly increase SIPs for long-term goals (House & Retirement) to account for inflation.

Debt Exposure: Ensure your emergency fund remains intact (7–8 months of expenses). Consider keeping some short-term debt instruments for medium-term goals like Land purchase.

SIP Consolidation: For simpler tracking, you may consolidate multiple mid-cap/flexi-cap SIPs with 2–3 strong diversified funds rather than many small SIPs.

Insurance: Term and health insurance are adequate. Review critical illness coverage as you age.

Gold Allocation: 6k/month is reasonable. Monitor market volatility and consider staggering purchases.

Regular Review: Rebalance your portfolio every year to ensure asset allocation aligns with risk and timelines.

Next Steps:

Consult a QPFP financial planner for a detailed cash flow, investment alignment, and goal-tracking strategy.

Monitor inflation impact on your goals (House, Land, Education, Retirement) and adjust SIPs periodically.

Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing.

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai

...Read more

Naveenn

Naveenn Kummar  |203 Answers  |Ask -

Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025

Asked by Anonymous - Aug 28, 2025Hindi
Money
I am 43 y/o with a monthly salary Rs.2,15,000 after tax with dependent wife and two boys aged 14 and 10. Monthly expenses around 1.25L-1.5L which includes home and car loan EMI and school fees etc. monthly SIP to index fund and a small cap fund is around 30K. Current MF value is 20Lakhs (started investing late). I have No FDs as I broke them to have very less debt for my new home built last year. Direct equity exposure in India is 40Lakhs and some exposure in US markets with 12Lakhs in equities and US ETFs. I have 25Lakhs in my Provident fund. My wife has gold worth 60Lakhs. My current house and the plot is worth 2.8Cr as of today. I also have some ancestral land worth 1Cr. Have rental income from two apartments summing up to 30K. My rented out apartments combined value is around 80Lakhs. I also have 25Lakh worth of health insurance for family and 3Cr worth term insurance in my name. What could be an ideal retirement strategy for me from my day job. I have tried my hand as a swing trader for a year with a decent return of 22% in a year but went back to my job fearing financial instability. I still have that option open as I like trading as well. Thanks in advance!
Ans: Dear Sir,

You are 43 years old with the following profile:

Monthly Salary: ?2,15,000 (post-tax)

Dependents: Wife + 2 boys (14 & 10 years)

Monthly Expenses: ?1.25–1.5 lakh (including home & car EMI, school fees)

Mutual Funds: ?20 lakh (SIP ?30,000/month in index + small cap)

Direct Equity India: ?40 lakh

US Equities + ETFs: ?12 lakh

PF: ?25 lakh

Wife’s Gold: ?60 lakh

House + Plot: ?2.8 crore (self-occupied)

Ancestral Land: ?1 crore

Rental Income: ?30,000/month from 2 apartments (value ~?80 lakh)

Health Insurance: ?25 lakh (family)

Term Insurance: ?3 crore

Observations

Current Net Worth – Excluding lifestyle/home, your investible corpus is ~?1.57–1.6 crore (MF + Indian & US equities + PF + rental property).

Cash Flow – Your salary plus rental income comfortably covers expenses. SIPs continue to build long-term corpus.

Risk Exposure – High concentration in Indian equities (~?40 lakh) and some direct equity risk in US markets. Gold and PF provide stability.

Retirement Horizon – Assuming retirement at 55, you have 12 years to build corpus.

Action Plan

1. Portfolio Diversification & Growth

Maintain 60–65% in equities (MF + direct equity, India + US) for long-term growth.

Rebalance periodically to reduce concentration risk.

Debt/PPF/FDs: 25–30% for stability and predictable cash flows.

Gold/SGB: 5–10% as an inflation hedge.

2. Children’s Education

Allocate a separate goal-based corpus for children:

14-year-old: ~?20–25 lakh for higher education in 4–5 years.

10-year-old: ~?30–35 lakh in 8–10 years.

Use short-duration debt and balanced funds for near-term needs, equity funds for long-term needs.

3. Retirement Corpus & Income

Target corpus: ?6–7 crore (inflation-adjusted, assuming 4% SWP) to sustain post-retirement lifestyle.

Expected post-retirement income sources:

Rental Income: ?30–35k/month (increase with inflation)

PF/NPS: ~?40–50k/month

Systematic Withdrawal Plan (SWP) from MF/Equity corpus: ~?1–1.2 lakh/month

With disciplined SIPs and equity growth (~10–12% CAGR), target corpus achievable by 55.

4. Protection & Risk Management

Term Insurance: Adequate (already 3Cr).

Health Insurance: Ensure family floater covers future medical inflation.

Keep emergency fund equivalent to 12 months’ expenses in liquid instruments.

5. Optional Trading Exposure

You may continue swing trading in a small portion (

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Naveenn

Naveenn Kummar  |203 Answers  |Ask -

Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025

Money
I am 41 years old. I have 2 kids below 3 years age. My monthly income is 1.50 Lacs and rental income of 60000. I have no plans except one Housing loan of 35 Lacs. I am doing 50000 Sip and have a portfolio of 20 Lacs in Mutual funds and 20 Lacs in shares and 15 Lacs shares. My monthly expenses are now Approx 60000 excluding children education. Children education estimated expenses are 3-4 lacs per annum. I am planning to retire after 5 years. At the time of retirement I will be having the following : 1. Monthly Rental income 70000 2. Monthly NPS Pension 37000 3. Fixed deposit 40-50 Lacs ( interest income 30000) 4. Mutual fund and equity portfolio of 1 crore Is it fisible to retire after 5 years ??
Ans: Dear Sir,

You are 41 years old with the following profile:

Monthly Salary: ?1.5 lakh

Rental Income: ?60,000/month

Kids: 2, both under 3 years

Housing Loan: ?35 lakh outstanding

Mutual Funds: ?20 lakh (SIP ?50,000/month)

Equity Portfolio: ?20 lakh

Fixed Deposits: ?15 lakh

Monthly Expenses: ?60,000 (excluding children’s education)

Children’s Education: Estimated ?3–4 lakh/year

Observations

Current Savings & Investments – Your investible corpus is ~?55 lakh (MF + Equity + FD). SIP of ?50k/month adds ~?30 lakh over 5 years (excluding returns).

Projected Retirement Corpus (5 years) – Assuming 10% CAGR on MF/Equity, your corpus may grow to ~?1 crore. FD interest (~?15k/month at 6–7%) adds stability.

Income at Retirement – Post-retirement, expected inflows:

Rental Income: ?70,000/month

NPS Pension: ?37,000/month

FD Interest: ?30,000/month

MF + Equity Corpus: SWP possible (~?50,000–60,000/month depending on withdrawal plan)

Total Monthly Post-Retirement Income – Approx ?2.1–2.2 lakh/month.

Expense Coverage – Your current expenses (~?60k) plus children education (~?25–30k/month average) are well within projected income.

Action Plan

1. Debt Management

Plan to repay housing loan within next 2–3 years to reduce liability and free cash flow.

2. Portfolio Allocation

Maintain 60–65% in equity (MF + stocks) for growth.

Keep 25–30% in debt (FD/NPS) for stability.

Allocate ~5–10% to gold/SGBs as inflation hedge.

Emergency fund: Maintain 12 months’ expenses in liquid funds.

3. Retirement Withdrawal Strategy

Consider Systematic Withdrawal Plan (SWP) from MF/Equity corpus to supplement rental and pension.

Use goal-based approach for children’s education to avoid disrupting retirement corpus.

Conclusion

Based on current corpus, SIPs, rental, and NPS pension, retiring in 5 years is feasible. Key points:

Focus on clearing housing loan before retirement.

Continue disciplined SIPs for growth.

Keep children’s education funds separate.

Please consult a QPFP / MFD for detailed cash flow planning, SWP structuring, and risk assessment.

Mutual Fund investments are subject to market risks. Read all scheme related documents carefully before investing.

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai

...Read more

Naveenn

Naveenn Kummar  |203 Answers  |Ask -

Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025

Asked by Anonymous - Sep 12, 2025Hindi
Money
I am 37 years male staying with wife and kid and parents, our household monthly expenses are around ₹65k and my income is around 2lakhs per month I have saved around 13lakhs in Ppf and epf has around 21lakhs and nps around 8lakhs. Have mutual fund investments of about 30lakhs, and fd of around 12 lakhs. I have running investments in sip of around ₹55k in equities and equal amount I m putting aside in debt instruments like fd and ppf each month as I do not want too much risk. Please guide me for planning retirement in next 10 years
Ans: Dear Sir/Madam,

You are 37 years old, living with your spouse, child, and parents. Current financials:

Monthly household expenses: ?65,000

Monthly income: ?2 lakh

PPF + EPF: ?34 lakhs (PPF: ?13L, EPF: ?21L)

NPS: ?8 lakhs

Mutual Funds: ?30 lakhs

Fixed Deposits: ?12 lakhs

Monthly SIP: ?55,000 in equities, ?55,000 in debt instruments (FD/PPF)

Goal: Retire in 10 years (age 47) maintaining current lifestyle.

Estimated Retirement Corpus:

Assuming 5% inflation, monthly expenses at retirement will be approx. ?1.0–1.1 lakh.

Using a 4% safe withdrawal rate, a retirement corpus of around ?3–3.5 crore would be needed.

Action Plan:

Continue your disciplined SIPs in equities and debt. You may consider slightly increasing equity exposure over time to boost long-term growth, especially in the first 5–7 years.

Maintain a mix of 60% equities and 40% debt currently. Gradually shift 20–30% of equity into debt instruments 3–5 years before retirement for stability.

Keep 12 months’ household expenses in liquid instruments for emergencies.

Review portfolio annually to ensure asset allocation matches risk tolerance and inflation expectations.

Consider topping up NPS and PPF to maximize tax-efficient retirement corpus.

Next Steps:

Consult a QPFP financial planner for detailed cash flow, retirement projection, and goal-based investment planning.

Ensure adequate term and health insurance coverage to protect family obligations.

Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing.

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai

...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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