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Sushil Sukhwani  |438 Answers  |Ask -

Study Abroad Expert - Answered on Jun 09, 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 - Jun 08, 2023Hindi
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Career

what are good options after Bsc Maths

Ans: Hello,

First and foremost, thank you for contacting us. Several interesting employment routes and possibilities for further education are open to you after earning a BSc in Mathematics. Here are a few recommendations:

1. Higher Learning: Take up a Master's or PhD program in Mathematics or a related subject. This may open doors to careers in research, academia, or in specialized roles in fields that demand high levels of mathematical proficiency.

2. Data Science: You can consider a profession in data science if you have a solid background in mathematics. Large dataset analysis, insight extraction, and data-driven decision-making are all part of this field. Additional expertise in statistical modelling and programming languages like Python and R will be helpful.

3. Actuarial Science: You can pursue a career as an actuary if risk analysis, insurance, and finance interest you. For a variety of businesses, including insurance, pensions, and investments, actuaries utilize mathematical and statistical tools to analyze and manage risk.

4. Accounting Analysis: In the finance sector, math prowess is highly recognized. Consider a career as a financial analyst, where you may use your quantitative skills to analyze financial risks, analyze investment opportunities, and recommend business strategies.

5. Operations Research: Operations research is the application of mathematical modelling, optimization strategies, and statistical analysis to resolve difficult issues in sectors including manufacturing, supply chain management, and logistics. Organizational efficiency, decision-making, and resource allocation can all be enhanced with the help of this field.

6. Education and Teaching: You can work your way up to teaching secondary school mathematics if you're passionate about it. You can apply for college or university teaching opportunities after receiving extra training and certification.

7. Software Development: Your analytical and problem-solving abilities make you an excellent prospect for software development positions, particularly in fields requiring mathematical algorithms or numerical analysis, such as computational biology, encryption, or computer graphics.

8. Consulting: Strong analytical abilities are highly valued by many consulting businesses. You can work as a consultant, offering your knowledge in mathematical modelling, data analysis, and problem-solving to customers so they can enhance their decision-making, streamline their operations, or create effective strategies.

It's important to keep in mind that there are a tonne of other career alternatives accessible to you and that this list is not all-inclusive. To learn more about various businesses and occupations that fit your interests and talents, look into internships, networking gatherings, and informational interviews.

For more information, you can visit our website.
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Hello Sir. I am 42 years old.my monthly earning rs.95000.I am investing 40,000 per month from July,24 in mutual funds and 5L in lumsump MF in ICICI prudential energy opportunities fund.rs.24000 in RD in bank.Currently corpus is 25L in ppf, 25L in PF,20L in FD ,45L in LIc.i have one son age 8 yrs.i have own car, bike. I have parental house.If I have to retire at the age of 60 and require monthly 5 lakhs, is it possible, and if yes, what should be my strategy?
Ans: Current Financial Situation
You have a stable monthly income of Rs. 95,000.

You invest Rs. 40,000 per month in mutual funds since July 2024.

You have invested Rs. 5 lakhs in a lump sum mutual fund.

You save Rs. 24,000 monthly in a recurring deposit.

Your corpus includes:

Rs. 25 lakhs in PPF
Rs. 25 lakhs in PF
Rs. 20 lakhs in FD
Rs. 45 lakhs in LIC
You have an 8-year-old son.

You own a car, a bike, and have a parental house.

Goal: Retirement at 60
You wish to retire at 60 and need Rs. 5 lakhs monthly post-retirement.

Analysis of Current Investments
Your current investments are diversified:

Mutual funds for growth
PPF and PF for safety
FD for liquidity
LIC for insurance and savings
This is a balanced approach. However, to meet your goal, adjustments are needed.

Mutual Funds
Continue with mutual funds for growth. They provide higher returns over time. Consider diversifying into large-cap, mid-cap, and balanced funds. This reduces risk and ensures steady growth.

Recurring Deposit
Recurring deposits offer fixed returns. However, they are less effective for long-term growth. You might consider redirecting some RD funds into equity mutual funds. This can potentially provide better returns.

PPF and PF
These are excellent for long-term safety. They provide tax benefits and guaranteed returns. Continue these for stability and safety in your portfolio.

Fixed Deposits
FDs provide liquidity but offer lower returns. Consider reallocating some funds into more growth-oriented investments. This can help in building a larger retirement corpus.

LIC Policies
LIC policies often offer lower returns compared to mutual funds. Consider reviewing your policies. If they are investment-cum-insurance, think about surrendering and investing in mutual funds. Use a term insurance plan for pure risk cover.

Lump Sum Investment
Your lump sum investment in a sector-specific fund is high risk. Consider diversifying into diversified equity funds. This reduces risk and ensures better long-term growth.

Strategy for Achieving Retirement Goal
Increase SIP Contributions
Increase your monthly SIP contributions. Aim for at least 50% of your monthly income. This ensures a larger corpus over time.

Diversify Investments
Diversify across various mutual funds. Include large-cap, mid-cap, and balanced funds. This spreads risk and maximizes returns.

Regular Review and Rebalancing
Review your portfolio every six months. Rebalance to maintain the desired asset allocation. This helps in staying aligned with your goals.

Emergency Fund
Maintain an emergency fund of at least 6 months of expenses. Park this in liquid funds for easy access. This ensures financial stability during emergencies.

Retirement Planning
Start planning for retirement expenses. Consider inflation and rising costs. Use retirement calculators to estimate the required corpus. Adjust your investments accordingly.

Professional Guidance
Seek advice from a Certified Financial Planner. They can provide tailored strategies. A CFP ensures your investments are aligned with your retirement goals.

Final Insights
Your current investments are on the right track.

Increase your SIP contributions for better growth.

Diversify your mutual fund investments.

Review and rebalance your portfolio regularly.

Seek professional guidance for a tailored approach.

With disciplined investing, achieving your retirement goal is possible.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5171 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 23, 2024

Asked by Anonymous - Jul 16, 2024Hindi
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I am 47yrs, married and have a kid aged 15yrs, i am having exposure to Mutual fund as below ; Investment value as on date is : Rs.629968.00 Gain/Loss : Rs.222677.00 Total portfolio value : Rs.852645.00 (Breakup given below of the holdings) On going SIP monthly : ICICI Pru Tachnology-G Rs.1000 Parag Parikh Flexi Cap Reg -G Rs.3000 One time Lumpsum Invested : Parag Parikh Flexi Cap Reg -G : 65000 ICICI Pru Bharat 22 FOF -G : 80000 Motilal Oswal Mid Cap Reg -G : 70000 Franklin India Focused Equity -G : 60000 (Matured and still holding) Canara Robeco Small Cap Reg-G : 75000 ICICI Pru Equity FOF-G : 70000 ICICI Pru Technoloigy -G : 65000 (Matured and still holding) ICICI Pru Balanced Advantage -G : 50000 (Matured and still holding) ICICI Pru MediumTerm Bond -G : 35000 (Matured and still holding) As i have don't have any fixed income, could not continue with the major SIP'S, but as an when i get lumpsum i add on to the funds and i am ony carrying on with monthly SIP of Rs.4000 as mentioned above. Can you please advice about my portfolio as to what will be the corpus by 2034 ( after 10yrs from now)
Ans: Assessment of Current Portfolio
Your current mutual fund portfolio is well-diversified. It includes technology, flexi cap, mid cap, small cap, and balanced funds. Here’s a detailed assessment:

Mutual Fund Investments
ICICI Pru Technology Fund: Monthly SIP of Rs. 1000. This fund focuses on the technology sector. It can offer high growth but comes with sector-specific risks.

Parag Parikh Flexi Cap Fund: Monthly SIP of Rs. 3000 and a lump sum of Rs. 65000. This fund is diversified across large, mid, and small caps. It aims to achieve long-term growth.

ICICI Pru Bharat 22 FOF: Lump sum of Rs. 80000. This fund invests in the Bharat 22 Index, focusing on diversified sectors.

Motilal Oswal Mid Cap Fund: Lump sum of Rs. 70000. Mid cap funds can offer high returns but are more volatile than large cap funds.

Franklin India Focused Equity Fund: Lump sum of Rs. 60000. This matured fund is still held, focusing on a limited number of stocks.

Canara Robeco Small Cap Fund: Lump sum of Rs. 75000. Small cap funds have high growth potential but are very volatile.

ICICI Pru Equity FOF: Lump sum of Rs. 70000. This fund invests in other equity funds, offering diversified equity exposure.

ICICI Pru Balanced Advantage Fund: Lump sum of Rs. 50000. This fund balances between equity and debt, offering stability.

ICICI Pru Medium Term Bond Fund: Lump sum of Rs. 35000. This fund focuses on medium-term debt securities, providing steady returns with lower risk.

Portfolio Growth Potential
Current Portfolio Value: Rs. 8,52,645.

Gain/Loss: Rs. 2,22,677.

Strategic Recommendations
Increase Equity Exposure
Focus on Growth: Continue investing in equity mutual funds. They offer high growth potential over the long term.

Balanced Approach: Maintain a balance between large, mid, and small cap funds.

Reduce Sector-Specific Risk
Diversify Further: Avoid concentrating too much in one sector like technology. Spread investments across various sectors.
Regular Investments
SIPs and Lumpsums: Continue SIPs as much as possible. Invest lump sums when you receive them.

Consistency: Consistent investments help in rupee cost averaging and compounding.

Avoid Index Funds
Disadvantages: Index funds follow the market passively. They lack active management and can’t outperform the market.

Active Management Benefits: Actively managed funds have professional managers. They aim for higher returns by adapting to market conditions.

Drawbacks of Direct Funds
No Advisory Support: Direct funds lack guidance from certified planners. Regular funds offer professional advice.

Complex Management: Managing direct investments requires market knowledge. Regular funds managed by CFPs are more suitable.

Financial Goals and Liquidity
Goal Alignment
Long-Term Goals: Align your investments with your long-term goals. Focus on creating a corpus for your child’s education and your retirement.
Emergency Fund
Maintain Liquidity: Keep an emergency fund for unforeseen expenses. This should cover at least six months of expenses.
Health and Life Insurance
Personal Mediclaim
Buy Health Insurance: Purchase a personal health insurance policy. Ensure it covers critical illnesses and hospitalisation.
Life Insurance
Adequate Coverage: Ensure your term plan coverage is sufficient. This should meet your family’s needs in case of any eventuality.
Final Insights
Your portfolio is well-diversified and shows good growth potential. Focus on equity mutual funds for long-term growth. Avoid index and direct funds. Maintain consistency in SIPs and invest lumpsum amounts when possible. Align investments with long-term goals and ensure adequate insurance coverage.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam Kalirajan  |5171 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 23, 2024

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Hi Experts, I have Rs 1 lac, which I want to put into any mutual fund for my new born kid, so that when he will attain age of 18+ he should have some amount (15-20 lac) which could assist him in higher education. Please suggest me any good lumpsum Mutual fund
Ans: Congratulations on your new baby! Planning for your child’s education is a great step.

Lumpsum Investment Strategy
Investing Rs 1 lakh in a mutual fund now can grow significantly over 18 years.

Choosing the Right Mutual Fund
Consider these types of mutual funds for long-term growth:

Equity Funds: These funds invest in stocks and offer high returns. They are suitable for long-term goals like education.

Hybrid Funds: These funds invest in both stocks and bonds. They balance risk and returns, making them a good option.

Debt Funds: These funds invest in bonds and are safer but with lower returns. They are less suitable for long-term high growth but can be part of a diversified portfolio.

Actively Managed Funds vs. Index Funds
Actively Managed Funds: These funds have a manager who picks stocks to outperform the market. They can offer higher returns.

Index Funds: These funds track a market index. While they have lower fees, they might not perform as well as actively managed funds.

Direct Funds vs. Regular Funds
Direct Funds: These funds are bought directly from the fund house, saving on commission fees. However, they require more effort to manage and choose the right fund.

Regular Funds: These funds are bought through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) credential. They provide professional guidance and can help you make better choices.

Diversification
Diversifying your investment reduces risk.

Equity Funds: Allocate a major portion here for higher returns.

Hybrid Funds: Add some portion here for stability.

Risk and Returns
Equity funds are volatile but offer high returns.

Hybrid funds balance risk and returns.

Debt funds offer stability but lower returns.

Time Horizon
18 years is a long period, allowing your investment to grow significantly. Start early and stay invested for the best results.

Regular Monitoring
Review your investment regularly. Adjust based on performance and market conditions.

Professional Guidance
A Certified Financial Planner can provide personalized advice. They help you choose the right funds and manage your investment effectively.

Final Insights
Investing Rs 1 lakh now can help your child’s future.

Stay Invested: Long-term investment is key.

Diversify: Spread your investment across different types of funds.

Monitor: Regularly check your investment and adjust as needed.

Seek Guidance: A CFP can provide valuable advice and help you make the best decisions.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5171 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 23, 2024

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What is the Fees of a Certified Financial Planner?
Ans: The fees for a Certified Financial Planner (CFP) vary widely.

Fee Structures
CFPs charge in different ways:

Hourly Rate: Rs 2000 to Rs 10,000 per hour.

Flat Fee: Rs 15,000 to Rs 75,000 for a comprehensive plan.

Percentage of Assets: 0.5% to 2% annually.

Retainer Fee: Rs 10,000 to Rs 50,000 per year.

Commission-Based CFPs
In India, many CFPs work on a commission basis.

Product Commissions: They earn from selling financial products like mutual funds and insurance.

No Direct Fees: You don’t pay them directly; they earn from your investments.

Professional Guidance: Choose a professional CFP who works on commission. It can be beneficial as they are motivated to help you grow your investments.

Services Provided
Comprehensive Planning: Includes retirement, tax, and estate planning, costing more.

Specific Advice: Focused on a single issue, typically costing less.

Experience and Reputation
Highly Experienced CFPs: Charge higher fees due to reputation.

Less Experienced CFPs: Charge lower fees to attract clients.

Location
Urban Areas: Higher fees due to living costs.

Smaller Cities/Towns: Lower fees.

Value of Professional Guidance
Personalized Advice: Tailored to help you achieve financial goals.

Long-term Benefits: Leads to better financial decisions.

Final Insights
Fee Structures Vary: Know the different ways CFPs charge.

Consider Services and Experience: Evaluate what you need and the CFP’s experience.

Weigh Costs vs. Benefits: Consider the long-term benefits of professional advice.

Commission-Based CFPs: They can be a good choice, offering motivated, growth-focused guidance.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5171 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 23, 2024

Asked by Anonymous - Jul 07, 2024Hindi
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Hi , I am age of 47 yrs and looking to increase my liquidity to 5 crore minimum in span of next 5-8 yrs, would appreciate suggestions for same ? Current distribution stands at PPF 55Lac (mine and wife), SSA 6 lac, EPF 35 lac, FD 18-19 lac, RD 11 lac, KVP 4.5 lac, gratuity currently around 6 lac, company allocated shares at 1.89 lac, NPS 5 lac and Miscellaneous 6 lac, 2 property at invested value of 2 crore, personal term plan of 50 lac and corporate term plan of 1crore. Mediclaim sponsored from organization and also looking to buy one at personal level. Stocks and MF, I keep investing and keeping selling, currently Equity 1.5 lac and MF 1.62 lac. Current take home salary 2 lac per month. No loans or debt.
Ans: Increasing your liquidity to Rs 5 crore in the next 5-8 years is achievable with a strategic approach. Here are some suggestions:

Assessing Current Assets
PPF and EPF: These are excellent for long-term growth but have limited liquidity.

FD and RD: Fixed Deposits and Recurring Deposits are safe but offer moderate returns.

KVP and Gratuity: These are secure but less liquid.

Company Shares: These can offer high returns but come with risks.

NPS: It’s good for retirement but has limited liquidity.

Properties: Real estate is valuable but not easily liquidated.

Suggested Investment Mix
Mutual Funds
Equity Mutual Funds: Invest in diversified equity funds. They offer high growth potential.

Debt Mutual Funds: Include some debt funds. They provide stability and liquidity.

Balanced Funds: Consider balanced funds. They offer a mix of equity and debt.

Benefits of Actively Managed Funds
Expert Management: Professional fund managers make informed decisions.

Flexibility: Actively managed funds adapt to market conditions.

Growth Potential: They aim to outperform the market.

Disadvantages of Index Funds
Passive Management: They follow the market without active intervention.

Limited Flexibility: Index funds can't adapt to changing market conditions.

Lower Growth: They may not achieve high returns compared to actively managed funds.

Drawbacks of Direct Funds
Lack of Advisory Support: Direct funds lack professional guidance.

Complex Management: Managing direct funds requires market knowledge.

No Personalized Strategy: Regular funds offer tailored advice from CFPs.

Fixed Income Instruments
Bonds: Invest in government or corporate bonds. They provide steady returns.

Fixed Maturity Plans (FMPs): Consider FMPs for predictable returns.

Stock Market Investments
Diversified Portfolio: Invest in a mix of large, mid, and small-cap stocks.

Regular Review: Regularly review and rebalance your portfolio.

Emergency Fund
Maintain Liquidity: Keep at least 6 months of expenses in a liquid fund.

High-Interest Savings Account: Use a high-interest savings account for better returns.

Health and Life Insurance
Personal Mediclaim: Buy a personal health insurance policy. Ensure it covers critical illnesses.

Adequate Life Insurance: Ensure your term plan coverage is sufficient for your family’s needs.

Tax Planning
Tax-efficient Investments: Choose tax-saving instruments that offer good returns.

Regular Reviews: Review your tax-saving investments regularly to maximize benefits.

Final Insights
Increasing your liquidity to Rs 5 crore is a realistic goal. Focus on a balanced investment strategy. Prioritize equity mutual funds and bonds. Avoid index and direct funds. Ensure proper insurance coverage. Regularly review and adjust your investments. This strategic approach will help you achieve your financial goals.

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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