Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Mayank

Mayank Chandel  |497 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Mar 14, 2023

Mayank Chandel has over 18 years of experience coaching and training students for various exams like IIT-JEE, NEET-UG, SAT, CLAT, CA and CS.
Besides coaching students for entrance exams, he also guides Class 10 and 12 students about career options in engineering, medicine and the vocational sciences.
His interest in coaching students led him to launch the firm, CareerStreets.
Chandel holds an engineering degree in electronics from Nagpur University.... more
Ramkrishna Question by Ramkrishna on Feb 28, 2023Hindi
Listen
Career

when i will start the preparation for MBBS or JEE?? now my daughter is in 6th class .

Ans: Ramkrishna,
It is too early to say whether your daughter will go for JEE or NEET. You can make her study well by understanding the concepts rather than just mugging them up. Make her appear for competitive exams which are there for her standard, this will give early exposure & will create interest in it.
Career

You may like to see similar questions and answers below

Sushil

Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Aug 26, 2023

Listen
Career
Hello Mr. Sushil Sukhwani, thanks for your advise. Just need small clarification, my daughter will be going to USA after 12th but in your response it's says after bachelor's so can you pleaase look into this and confirm?
Ans: Hello Deepak,

First and foremost, thank you for contacting us. We are extremely sorry for the part pertaining to Educational prerequisites, having mistakenly written Bachelor’s. Pursuing medical studies in the USA can certainly be fruitful, however, multiple steps are involved in the process, right from preparing for standardized exams to making applications for universities. The application process is as under:

1. Prerequisites:
• Academics: Your daughter will need to complete 12 years of schooling comparable to that of the U.S. high school education. This typically requires completing grades 11th and 12th.
• Standardized Tests: Prepare for and give the requisite standardized tests:
â—¦ SAT or ACT: Undergraduate admissions require one to appear for general standardized exams like the SAT or ACT. Certain universities might favor one over the other.
â—¦ SAT Subject Tests: For competitive programs like medicine, specific subject exams might be needed or recommended by certain universities.
• English Proficiency: If English is not your daughter's primary language, appear for the TOEFL or IELTS English language proficiency test.

2. Research and Choose Universities:
• Universities and medical programs that correspond to your daugther’s academic objectives, choices, and monetary capabilities should be researched.

3. Entrance Tests:
• MCAT: The Medical College Admission Test (MCAT) is required for admission to the majority of American medical schools. An applicant’s comprehension of scientific principles, critical thinking, and problem-solving abilities are assessed in this standardized test.

4. Application Process:
• Online Applications: Via the Common Application or specific university websites, complete online applications.

• Transcripts: Academic marksheets including those of grades 11th and 12th, as well as any other pertinent education should be submitted.

• Recommendation Letters: Your daughter will require outstanding LoRs from professors, mentors, or professionals who can attest to her intellectual prowess and character.

• Statement of Purpose: Typically, applicants must compose a convincing personal statement outlining their purpose to pursue a medical career, relevant experiences, and attributes that make them a viable candidate.

• Extracurricular Activities: Talk about extracurricular activities, community service, leadership roles, and research experiences that you have undertaken.

5. Prepare Your Finances:
• Medical studies can be costly, therefore, budgeting is essential. Look into various scholarship opportunities, grants, and financial aid possibilities that universities offer.

6. Applying for a Visa:
• On being accepted, your daughter must apply for a student visa (F-1 visa) to study in USA. This entails submitting necessary documents, attending an interview at the U.S. embassy or consulate, and proving she can pay for her education and living costs.

7. Pre-departure Preparations:
• Before leaving for the USA, make accommodation, travel, and other essentials arrangements.

8. Arrival and Orientation:
• Once you arrive, adapt yourself to campus life and academic expectations by attending orientation programs organized by the university.

Depending on the university and course, the process can differ a little. Check the official websites of the universities your daughter is interested in frequently and adhere to their particular application guidelines and deadlines.

The medical sector in the USA being highly competitive, securing admission to medical schools can be difficult. Your daughter will need to maintain excellent academic standards, actively participate in extracurricular activities, and perform well on the required exams to increase her admission chances.

In addition, speaking with a qualified educational counselor or advisor who specializes in assisting students apply to foreign universities can provide tailored guidance throughout the application process.

For more information, you can visit our website.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |1410 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 30, 2024Hindi
Listen
Money
Hello Sir, Me and wife together earns 60K per month. We have 5 month old twin daughters. I want to create a corpus for their education, their marriage and our retirement as well. Can you please suggest something.
Ans: planning for your children's future and your own retirement is crucial. Here's a step-by-step guide to help you get started:

Assess Your Financial Situation: Begin by evaluating your current income, expenses, and existing savings. Understand your financial goals and timelines for achieving them.
Create a Budget: Develop a budget to track your expenses and identify areas where you can save or cut back. Allocate a portion of your income towards savings and investments each month.
Emergency Fund: Prioritize building an emergency fund equivalent to at least 3-6 months' worth of living expenses. This fund will provide financial security in case of unexpected events like medical emergencies or job loss.
Children's Education Corpus: Estimate the future cost of your daughters' education based on the type of institutions you envision them attending. Start investing in education-oriented savings schemes like Sukanya Samriddhi Yojana or education-focused mutual funds to build a corpus over time.
Marriage Fund: Plan for your daughters' marriage expenses by setting aside a portion of your savings each month. Consider investing in long-term instruments like mutual funds or fixed deposits to grow this corpus over the years.
Retirement Planning: Determine your retirement goals and the lifestyle you aspire to maintain post-retirement. Start contributing to retirement savings accounts such as Employee Provident Fund (EPF), Public Provident Fund (PPF), or National Pension System (NPS). Additionally, consider investing in diversified mutual funds or retirement-focused schemes to build a substantial retirement corpus.
Regular Review and Adjustment: Periodically review your financial plan to ensure it remains aligned with your evolving goals and circumstances. Make adjustments as necessary to stay on track towards achieving your objectives.
Remember, it's never too early to start saving and investing for your family's future. By following a disciplined approach and seeking professional guidance when needed, you can build a solid financial foundation to secure your daughters' education, marriage, and your retirement.

If you need further assistance or personalized advice, consider consulting with a certified financial planner who can offer tailored recommendations based on your specific requirements and objectives.

Best wishes for your financial journey ahead!

...Read more

Ramalingam

Ramalingam Kalirajan  |1410 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Listen
Money
I would like to invest lumpsum amount of Rs. 2 lac for a period of 1yr to 3yrs, can you suggest where can I invest with good returns and less risk...?
Ans: Given your investment horizon of 1 to 3 years and your preference for good returns with less risk, here are a few options you may consider:

Liquid Funds: Liquid funds are low-risk mutual funds that primarily invest in short-term money market instruments and debt securities with maturities of up to 91 days. They offer relatively stable returns and high liquidity, making them suitable for short-term investments.
Short-Term Debt Funds: Short-term debt funds invest in fixed-income securities with maturities ranging from 1 to 3 years. These funds offer higher returns compared to traditional savings accounts or fixed deposits, with relatively lower risk than equity funds.
Bank Fixed Deposits (FDs): FDs are a popular choice for short-term investments due to their safety and predictability. While FD returns may be lower compared to mutual funds, they offer capital protection and guaranteed returns.
Post Office Savings Schemes: Post Office schemes like Post Office Time Deposit (POTD) and Post Office Monthly Income Scheme (POMIS) offer competitive interest rates and capital protection. These are suitable for conservative investors seeking stable returns.
Debt-oriented Hybrid Funds: Debt-oriented hybrid funds invest a portion of their corpus in debt instruments and the remaining in equities. These funds aim to provide a balance between capital appreciation and income generation, making them suitable for investors with a moderate risk appetite.
Arbitrage Funds: Arbitrage funds exploit price differentials in the cash and derivatives segments of the market to generate returns. They typically offer tax-efficient returns and lower volatility compared to equity funds, making them suitable for short-term investments.
Before making any investment decision, it's essential to assess your risk tolerance, investment objectives, and liquidity needs. Consider consulting with a certified financial planner or investment advisor to tailor an investment strategy that aligns with your financial goals and risk profile.

Remember to review your investments periodically and adjust your portfolio as needed based on changing market conditions and personal circumstances.

If you have any further questions or need assistance, feel free to ask.

...Read more

Ramalingam

Ramalingam Kalirajan  |1410 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 30, 2024Hindi
Listen
Money
Hi, I am 35 years Old and I am new to investment. I can spare about 10k-15k per month after all my expenses and emergency funds. Kindly suggest some ways to invest. Should I go for mutual fund sip if yes which one. I am looking for a balanced to high risk approach of investing in order to create wealth. I am not in hurry, I just want to invest for my kid who is 3 years old. So I can keep investing for more than 20 years.
Ans: It's fantastic that you're considering investing for your child's future at such a young age. Starting early and maintaining a disciplined approach to investing can yield significant benefits over the long term. Here are some suggestions tailored to your preferences:

Mutual Fund SIPs: Mutual fund systematic investment plans (SIPs) are an excellent choice for long-term wealth creation. Since you're comfortable with a balanced to high-risk approach, you can consider allocating your monthly investment across a mix of equity mutual funds. Look for diversified equity funds or multicap funds that offer exposure to a variety of sectors and market caps.
Diversification: Spread your investments across different types of mutual funds to reduce risk and optimize returns. You can consider allocating a portion of your SIP amount to large-cap funds for stability, mid-cap funds for growth potential, and small-cap funds for higher returns (albeit with increased risk). Additionally, you may explore thematic or sectoral funds for targeted exposure to specific industries or themes.
Risk Management: While a high-risk approach has the potential for higher returns, it's essential to manage risk effectively. Monitor your investments regularly and be prepared for short-term fluctuations in the market. Maintain a long-term perspective and avoid making impulsive decisions based on short-term market movements.
Regular Review: Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Rebalance your portfolio if necessary, considering changes in market conditions or your personal circumstances.
Financial Advisor Consultation: Consider seeking guidance from a certified financial advisor who can help you design a customized investment plan based on your goals, risk appetite, and investment horizon. An advisor can provide personalized recommendations and valuable insights to optimize your investment strategy.
Stay Informed: Educate yourself about different investment options, market trends, and economic developments. Stay updated on your investments and continuously seek opportunities for growth and optimization.
Remember, investing is a long-term journey, and patience and discipline are key virtues. By starting early and consistently investing over time, you can potentially build a substantial corpus for your child's future needs.

If you have any further questions or need assistance, feel free to ask.

...Read more

Ramalingam

Ramalingam Kalirajan  |1410 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Listen
Money
Sir, this is Chandrashekhar (72). Which mutual fund presently gives highest returns to senior citizen investors who want to invest in MF ?
Ans: Hello Mr. Chandrashekhar,

It's wonderful to hear that you're interested in exploring mutual funds for potential investment opportunities at your stage in life. As a senior citizen, it's essential to prioritize capital preservation and regular income generation while also considering potential returns.

While I can't provide specific fund recommendations, I can offer some general guidance to help you make informed investment decisions:

Focus on Stability: Consider mutual funds that prioritize stability and income generation over high returns. Look for funds with a track record of consistent performance and a focus on capital preservation.
Debt Funds: Debt mutual funds, particularly those investing in high-quality bonds and fixed-income securities, can be suitable for senior citizens seeking regular income with relatively lower risk. These funds typically offer steady returns with lower volatility compared to equity funds.
Hybrid Funds: Hybrid funds, also known as balanced funds, invest in a mix of equities and debt instruments. They offer a balanced approach, combining the potential for capital appreciation with income generation. Conservative hybrid funds may be suitable for senior citizens looking for a balance between growth and stability.
Dividend Option: Consider mutual funds with a dividend payout option, which can provide regular income in the form of dividends. However, it's essential to note that dividend payouts are subject to market conditions and fund performance.
Risk Tolerance: Assess your risk tolerance and investment objectives before selecting a mutual fund. As a senior citizen, it's advisable to prioritize capital preservation and opt for funds with lower risk profiles that align with your investment goals.
Consultation with a Financial Advisor: Consider consulting with a financial advisor or Certified Financial Planner who can assess your financial situation, risk tolerance, and investment objectives to recommend suitable mutual fund options tailored to your specific needs.
Remember, past performance is not indicative of future results, and it's crucial to conduct thorough research and seek professional advice before making any investment decisions.

I hope this information helps you in your investment journey. If you have any further questions or need assistance, please feel free to ask.

...Read more

Ramalingam

Ramalingam Kalirajan  |1410 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 30, 2024Hindi
Listen
Money
Sir, l want to gift my grand child Gift& growth oriented fund. Please suggest the best fund.
Ans: Investing in a gift and growth-oriented fund for your grandchild is a thoughtful gesture that can provide long-term financial benefits. When selecting a fund, consider factors such as the investment horizon, risk tolerance, and the fund's track record. Here are some general guidelines to help you choose the best fund:

Equity-oriented Funds: Equity funds have the potential to offer higher returns over the long term but come with higher volatility. If you have a long investment horizon (typically 5 years or more) and are comfortable with market fluctuations, consider equity-oriented funds.
Diversified Funds: Opt for funds that provide diversification across sectors and market capitalizations. Diversified funds spread investments across various stocks, reducing concentration risk.
Consistent Performance: Look for funds with a track record of consistent performance over multiple market cycles. Check the fund's historical returns and compare them with relevant benchmarks to assess performance.
Fund Manager Expertise: Evaluate the expertise and experience of the fund manager managing the fund. A skilled and experienced fund manager can make a significant difference in fund performance.
Expense Ratio: Consider the expense ratio of the fund, which affects the overall returns. Lower expense ratios translate to higher net returns for investors.
Investment Philosophy: Understand the investment philosophy and strategy of the fund. Ensure it aligns with your investment objectives and risk appetite.
Risk Profile: Assess the risk profile of the fund and match it with your grandchild's risk tolerance. If you prefer lower risk, you may opt for balanced or hybrid funds, which invest in a mix of equities and debt securities.
Regular Monitoring: Regularly monitor the performance of the chosen fund and make adjustments as needed based on changing market conditions and investment goals.
Considering these factors, you can explore options such as diversified equity funds, large-cap funds, or balanced funds, depending on your preferences and requirements. It's advisable to consult with a financial advisor or Certified Financial Planner for personalized advice tailored to your specific situation and goals.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x