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Confused about choosing between BVP Pune and SOA ITER for ECE? Get expert advice!

Mayank

Mayank Chandel  |1919 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jun 30, 2024

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
Deepak Question by Deepak on Jun 29, 2024Hindi
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Career

Sir which one college is better, I get ece in bvp pune or ece in SOA iter. Which one is best.

Ans: Hi
go with BVP Pune.
Career

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Kanchan

Kanchan Rai  |392 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 07, 2024

Asked by Anonymous - Nov 06, 2024Hindi
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Hello Maam/Sir, A married guy is constantly giving me much attention. Im.tried to ignore him but he is constantly making appearance from different places. I dont what his real intentions are but because of his constant staring and public apearances. I feel difficult to overlook his behaviour. He is currently gone to his hometowm. So, there is lots of peace. Im not sure why is he trying to get a glimpse of me as he is already happily married n have a son. I need advice to ignore him so that I focus on my husband only.
Ans: The key to redirecting your focus lies in setting boundaries—both mentally and behaviorally. Often, people respond to subtle cues, so maintaining a neutral and reserved demeanor can help communicate disinterest. If he attempts to engage directly, keeping interactions brief and polite without encouraging deeper conversation will likely make your boundaries clear without causing conflict. When he’s present, avoid returning his gaze; this can subtly communicate that you’re not reciprocating his interest.

If this continues, grounding yourself in thoughts about your husband and what you value in your relationship can help you mentally reinforce where your focus truly lies. Remind yourself that someone else’s behavior is not your responsibility and that your own actions, comfort, and peace are within your control. By reinforcing your own values and commitments, you’ll feel more empowered to maintain your focus where you want it—on your husband and your well-being.

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Nitin

Nitin Narkhede  |36 Answers  |Ask -

MF, PF Expert - Answered on Nov 07, 2024

Asked by Anonymous - Nov 04, 2024Hindi
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Money
I am a 45 year old IT professional with following saving/investment as of now: 30 lacs: EPF 30 lacs: PPF 30 lacs: FD 10 lacs: NPS NOTE: 1. I have monthly expenditure of 50k 2. Additionally, NPS requires 12k monthly investment 3. No liabilities and no loan 4. Staying in own house. Queries: 1. I am planning to retire in next 1-2 years. Pls suggest best way to invest above money. 2. Also, I have gold of worth 25 lacs, so should I keep that with me or instead sell it now and invest money elsewhere?
Ans: Dear Friend,
At 45, retiring at 2 years is 47, with an expense of 50K per month plus 12K per month NPS needs 62K per month. Considering a life expectancy of 77, you need funds for the next 30 years. Not considering medical or any other emergency expenses, you also need 2.25 cr in expenses in the next 30 years. Hence, you can consider rearranging the finances as below.
PPF (?30 Lakhs Total): Continue these as they offer tax-free, secure returns. During retirement, you can withdraw in tranches to maintain liquidity. Keep it as you find financial security; do not touch it, and let it grow.
As you declare retirement at 47, you have EPF (?30 Lakhs Total) and Fixed Deposit (?30 Lakhs). You can withdraw this amount and invest it in Balanced or index MF funds, which offer yearly 12% to 14% average returns. You can also start SWP from this.
NPS is a good retirement investment, but there are many restrictions on premature withdrawals. If you retire at 47, you will not get a withdrawal until age 60 for 60% of the amount, and the balance 40% will be converted to pension after age 60. You can withdraw 60% of the amount from the balance 6 years older for premature withdrawal. If your finances permit, continue investing after retirement.
Gold can be a good hedge against inflation. Gold returns an average of 8 to 10% return on an average. However, if you don't have an emotional attachment or strategic reason to hold it, consider selling and reinvesting in diversified assets like balanced mutual funds or a senior citizen savings scheme for higher returns.
Overall, at 47, you need about 1 cr in your MF for expenses after retirement with 50K PM.
With the amount you have mentioned, you can live a decent life without any frills. My suggestion is that you increase your corpus to fulfill all your life's needs other than your monthly expenses.
Regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Nitin

Nitin Narkhede  |36 Answers  |Ask -

MF, PF Expert - Answered on Nov 07, 2024

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Money
Sir i am chitra, i have 30lk credit dueto my family circumstances. All jewell loans, i want close, i have a capability to repay upto 20000/- per month. My salary 25000/- lecturer, i earn extra income 10000/- my sister ask me to help to repay loan. But since i am a guest faculty 15 in college, i have no option to give my salary slip. How camn i get 30lk loan. Any help.
Ans: Here are a few approaches to consider for managing and potentially restructuring your loan obligations: You can Explore Gold Loan Refinance, If your existing ?30 lakh debt is mostly gold loans, you may consider refinancing the loan through a different lender, like a bank or NBFC, which could offer a better interest rate or longer repayment term. For refinancing options, it’s worth checking lenders like SBI, HDFC, or even gold loan providers like Muthoot or Manappuram, as they might not require strict documentation. You can also try to Negotiate with the Lender for Extended Tenure**: If possible, talk to your lender about extending the tenure of your existing gold loan. This would reduce the monthly EMI and allow you to use the freed-up amount to pay off the debt gradually without taking on more loans. Another approach can be to Consolidate Loans with a Gold Loan Top-Up, Since your assets are in gold, a top-up loan on your gold may be easier than getting a new personal loan.
Given that your income and commitment to paying off your debts, a combination of gold loan refinance, top-up, or consolidation might provide a practical path forward. Ensure you review interest rates carefully to avoid additional financial strain
Regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

...Read more

Ramalingam

Ramalingam Kalirajan  |6984 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 07, 2024

Asked by Anonymous - Nov 07, 2024Hindi
Money
I’m Rajiv from Udaipur. I’m 38 with one son, aged 5. We’re planning to save for our child’s education and our own retirement. Should we invest more in equity mutual funds, or should I look into fixed-income options to balance the risks?
Ans: You’re already thinking wisely about your child’s education and your retirement. This focus sets a solid foundation for financial security. Saving for both these goals needs a careful balance of growth and safety. Let’s examine where equity mutual funds and fixed-income options fit within these plans.

Importance of Equity Mutual Funds for Long-Term Growth
Equity mutual funds are essential for long-term financial goals, especially given inflation's impact on education costs and retirement. Here’s why:

Growth Potential: Equity funds have historically delivered strong returns over time, which can help you build a substantial corpus. This is especially useful for goals with a longer horizon, like your child’s higher education and your retirement.

Power of Compounding: As you continue investing regularly, the compounding effect amplifies returns, giving your investments a significant boost. This can be critical when saving for expenses expected to rise, such as education costs.

Tax Benefits: Equity mutual funds offer tax benefits. For long-term capital gains (LTCG), the first Rs 1.25 lakh is tax-free, and the rest is taxed at 12.5%. Short-term capital gains (STCG) are taxed at 20%. These benefits can contribute positively to your overall returns, especially in the long run.

Why Avoid Index Funds in This Strategy?
Though index funds are popular, actively managed funds may be better in your case for specific reasons:

Active Management Advantage: Actively managed equity mutual funds involve professional fund managers making strategic decisions, which can outperform the broader market index during volatility.

Flexibility in Market Conditions: In fluctuating markets, fund managers can adjust portfolios. This dynamic approach can help you manage risks and achieve better results, especially for long-term goals like education and retirement.

So, while index funds may seem appealing, actively managed funds provide professional guidance and potential for higher returns over time.

Benefits of Fixed-Income Options for Stability
Fixed-income investments serve as a safety cushion in any financial portfolio. They can add stability to your investment mix and provide regular income, which might be especially useful as you approach retirement.

Low-Risk Returns: Fixed-income options generally offer lower but safer returns compared to equities. This can protect part of your corpus against market volatility, reducing risk for essential goals.

Capital Preservation: Fixed-income investments are excellent for capital preservation. As you near retirement, they can provide steady returns while preserving your initial investment.

Liquidity Needs: Some fixed-income options offer liquidity, which could be helpful for short-term financial needs without disturbing your core investments in equity funds.

While fixed-income investments don’t match equity funds’ growth potential, they serve a key role in risk reduction.

Regular vs. Direct Funds: Why Go with Regular Funds Through a CFP?
Some investors consider direct funds for potentially lower fees, but regular funds through a certified financial planner (CFP) offer distinct benefits:

Professional Guidance: Regular funds allow you to work with a CFP. They bring years of expertise to help you manage funds effectively, especially in a fluctuating market.

Simplified Process: Investing through a CFP can be simpler, especially if you’re not deeply familiar with the investment landscape. This guidance can be critical for meeting specific goals, like saving for your child’s education.

Holistic Planning: Working with a CFP offers a more comprehensive approach, with advice that adapts to changing market conditions and your unique goals.

Direct funds can seem attractive for cost savings, but regular funds provide a professionally managed route, which can be beneficial for your long-term goals.

Evaluating Equity and Fixed-Income Allocation
Balancing equity and fixed-income investments can help you achieve your goals while managing risk.

For Education: Consider allocating more toward equity funds since you have a medium-to-long-term horizon. This can help grow your corpus to meet the rising costs of education.

For Retirement: Start with a higher equity allocation in the initial years to maximise growth. Gradually increase your allocation to fixed-income investments as you near retirement, creating a steady income stream.

This diversified approach combines growth potential with the stability needed to safeguard your retirement savings.

Making the Most of SIPs (Systematic Investment Plans)
Systematic Investment Plans (SIPs) are powerful for building wealth gradually, especially in equity mutual funds. They’re ideal for disciplined savings and work well for long-term goals.

Market Volatility Benefit: SIPs help you avoid timing the market. By investing at regular intervals, you buy more units during market dips, potentially increasing returns over time.

Easy to Budget: SIPs allow for regular, budget-friendly investments. This approach is manageable while supporting consistent savings for your child’s education and retirement.

SIPs are particularly beneficial when paired with equity mutual funds for long-term goals.

Taxation Insights
Understanding the tax implications of your investments is essential, as it affects net returns.

Equity Funds: For equity mutual funds, LTCG exceeding Rs 1.25 lakh is taxed at 12.5%, while STCG is taxed at 20%. Tax-efficiency is one of the reasons to include equity funds in your portfolio.

Fixed-Income Investments: Gains on debt mutual funds are taxed as per your income tax slab, both for short and long-term gains. Fixed-income options offer stability but come with different tax rules, so they should be balanced within your portfolio.

Balancing equity and fixed-income investments with awareness of tax implications helps you maximise your overall returns while keeping tax liabilities under control.

Flexibility in Financial Planning
Life goals and circumstances evolve. Flexibility is key in adapting your financial plan over time.

Review Regularly: Re-evaluate your investment strategy at least annually to check if it aligns with your goals. This ensures your portfolio stays on track for both education and retirement needs.

Adapt Allocation: Gradually shift to safer investments as you near retirement. This shift reduces exposure to volatility and protects your accumulated wealth.

Adapting your plan keeps it relevant and aligned with your changing life needs.

Final Insights
Balancing equity and fixed-income investments allows you to achieve growth and stability for your financial goals. Equity mutual funds support long-term growth, ideal for education and retirement. Fixed-income options add stability, reducing risk as you move closer to retirement.

By using SIPs and working with a CFP through regular funds, you gain access to professional management. This approach simplifies the investment journey and ensures your portfolio stays aligned with your goals and market conditions.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Milind

Milind Vadjikar  |590 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 07, 2024

Asked by Anonymous - Nov 06, 2024Hindi
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Money
Hi I am 50 yrs old and now I am jobless. Searching for new job. I have @ 28 lacs in FD 30 lacs in Security, have invested of @ 50 lacs in Mutual funds, 20 lacs in ppf. My monthly expenses are 1.5 lacs. Wife is home maker and have parents who are living with me. Also son is outside India and is yet to get a job. So pl suggest how can I meet monthly expenses still i get a new job @ 6 months down the line
Ans: Hello;

Your current corpus of 1.28 Cr will not be sufficient to cover 50% of your monthly expenses.

Do you have any EPF/NPS corpus available?

Please confirm so that based on that input we could offer you some solution.

Best wishes;

...Read more

Ramalingam

Ramalingam Kalirajan  |6984 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 07, 2024

Asked by Anonymous - Nov 06, 2024Hindi
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Money
Sir, can you please suggest some good mutual fund in financial services. I m looking for long term and risk appetite is high. I am willing to take higher risk.
Ans: Investing in the financial services sector can offer high growth potential, especially for those with a high-risk tolerance and a long-term horizon. Let’s explore how you can approach this sector through mutual funds while considering both potential and strategic risks.

1. Understanding Sector-Specific Mutual Funds
High Growth Potential: Financial services funds focus on banks, non-banking financial companies (NBFCs), insurance firms, and other financial institutions. This sector has historically delivered good growth as the economy expands, but it is also sensitive to economic cycles.

Volatility Consideration: Financial services funds are inherently more volatile due to their dependence on economic and interest rate cycles. Investors with a high risk tolerance, like you, may find these funds suitable for long-term growth. However, they might experience sharp fluctuations during downturns.

2. Actively Managed Funds over Index Funds
Avoiding Index Funds: While index funds mirror the market’s overall performance, they don’t offer sector-focused options in financial services. Furthermore, index funds don’t leverage fund managers’ expertise in navigating specific sector cycles.

Benefits of Actively Managed Funds: Actively managed mutual funds with a skilled fund manager can capitalise on opportunities within the financial sector, making them suitable for long-term, high-risk investors. These managers carefully select high-growth financial companies and adjust the portfolio based on economic changes, thus offering better growth potential.

3. Choosing Regular Funds with an MFD & CFP
Drawbacks of Direct Funds: Direct funds may appear to have lower expense ratios, but they lack ongoing advisory support. With sector-specific funds, periodic review and expert advice become more critical due to sector volatility.

Advantages of Regular Funds: Investing in regular funds through a Mutual Fund Distributor (MFD) who holds a Certified Financial Planner (CFP) credential adds significant value. They can provide personalised guidance, help rebalance your portfolio, and ensure it aligns with your financial goals, especially given the risks of sector-specific investments.

4. Diversification within Financial Services
Select Sub-Sector Exposure: In financial services, diversification across banking, insurance, and asset management companies can offer balanced exposure. Some funds may concentrate on large-cap financial companies, while others include mid-cap and small-cap players with higher growth potential.

Balancing with Broader Equity Funds: While it’s good to capitalise on financial services, holding a portion of your portfolio in broader, diversified equity mutual funds can add stability. A high exposure to financial services may result in excessive risk during economic downturns, while broader funds provide stability and reduce sector concentration risk.

5. Tax Efficiency and Recent Rules
Equity Mutual Fund Taxation: For long-term capital gains (LTCG) above Rs 1.25 lakh, the tax rate is 12.5%. Short-term gains (STCG) attract a 20% tax. Considering these tax rules, it is best to aim for long-term holding in equity funds to optimize post-tax returns.

Rebalancing Based on Tax Implications: Working with a CFP can help you strategically rebalance based on tax efficiency, avoiding unnecessary churn and capital gains tax.

6. Monitoring and Reassessing Regularly
Regular Portfolio Review: Sector-specific funds require ongoing monitoring due to economic and market cycles. Financial services are highly sensitive to government policies, interest rate changes, and economic conditions.

Guidance from a Certified Financial Planner: A CFP can help you navigate market changes, review your portfolio annually, and adjust based on sector performance. This can help optimise your returns while keeping risk within your comfort level.

Final Insights
Investing in financial services mutual funds can align with your high-risk appetite and long-term goals. By selecting actively managed funds through an MFD with a CFP, you can maximise potential growth and leverage sector-focused insights. Diversifying within the financial sector and balancing with broader equity investments will offer stability and reduce concentrated risk. Regular monitoring and tax-efficient rebalancing are essential for achieving sustainable growth.

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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