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Ramalingam

Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - May 17, 2024Hindi
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I'm 33 years old, I get 55k in hand and monthly liability of 25k home loan emi, having 8 lac in pf, 10.5 lac in ppf, investing 50k yearly in nps, have atal pension, not married but planning to get married in 1-2 years. How do I plan gor retirement so that i get 2 lac monthly pension in 2050. I'm skeptical about mutual fund but if i must i would invest only in nifty 50 index mf sip. Please suggest.

Ans: Given your current financial situation and retirement goal of receiving a monthly pension of Rs. 2 lakh in 2050, it's important to create a comprehensive retirement plan that accounts for your income, expenses, existing investments, and future needs. Here's a suggested plan to help you achieve your retirement goal:

Assess Current Financial Position
Income and Expenses: You have a monthly income of Rs. 55,000 and a monthly liability of Rs. 25,000 towards your home loan EMI. Ensure you have a budget in place to manage your expenses effectively.

Existing Investments:

Rs. 8 lakh in PF
Rs. 10.5 lakh in PPF
Investing Rs. 50,000 yearly in NPS
Atal Pension Yojana (APY)
Retirement Planning Strategy
Calculate Retirement Corpus: Determine the corpus required to generate a monthly pension of Rs. 2 lakh in 2050. Consider factors such as inflation, life expectancy, and post-retirement expenses.

Investment Strategy:

Continue contributing to your PF, PPF, NPS, and APY to build a retirement corpus.
Since you're skeptical about mutual funds, consider investing in Nifty 50 Index Mutual Fund SIPs for equity exposure. These funds offer diversification and long-term growth potential.
Allocate a portion of your investments to debt instruments like PPF and NPS for stability and fixed income.
Review and Adjust Investments:

Regularly review your investment portfolio and adjust your asset allocation based on changing market conditions, risk tolerance, and retirement goals.
Consider increasing your investment contributions over time to accelerate wealth accumulation.
Plan for Marriage Expenses:

Factor in the expenses related to your upcoming marriage when creating your financial plan. Allocate funds accordingly and adjust your savings and investment strategy as needed.
Retirement Income Streams
PF and PPF: Utilize the accumulated corpus in your PF and PPF accounts to generate a steady income stream during retirement. Consider options like annuity plans or systematic withdrawals.

NPS: Continue contributing to NPS to build a substantial retirement corpus. Opt for a suitable pension plan within NPS that offers regular pension payments post-retirement.

Atal Pension Yojana (APY): APY provides a guaranteed pension amount based on your contribution and age. Ensure you contribute regularly to maximize the benefits under the scheme.

Additional Income Sources: Explore additional income sources such as rental income, part-time employment, or freelance opportunities to supplement your retirement income.

Risk Management and Contingency Planning
Insurance Coverage: Ensure you have adequate health insurance and life insurance coverage to protect yourself and your dependents from unforeseen events.

Emergency Fund: Maintain an emergency fund equivalent to 3-6 months' worth of expenses to cover any unexpected expenses or financial emergencies.

Regular Monitoring and Review
Annual Review: Conduct an annual review of your retirement plan to track your progress towards your goals, adjust your investment strategy, and make any necessary changes.

Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) who can provide personalized guidance and help you optimize your retirement plan based on your unique financial situation and goals.

By following this retirement planning strategy and staying disciplined with your savings and investments, you can work towards achieving your goal of receiving a monthly pension of Rs. 2 lakh in 2050 while also ensuring financial security for yourself and your future spouse.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 15, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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Hello sir, I am 42 years old and want to retire by age of 55. My current savings is 303L in EPF. 307L in equity, 9.6L in nps. Investment I does as follows 1. Epf - 45000 by employer and same contribution by me as well which combined around 90000/- 2. 27000/- monthly sip , Nippon small cap 6000, axis small cap 6000, quant infrastructure fund 6000/-, quant small cap 6000/-l miarae asset blue chi large cap 3000/- all started very soon having corpus of 4L as of today. 3. Investing 25000/- in nps monthly. 4. Around 50k monthly in equity I have a liability of 50L home loan which I have planned to get rid off by 2028. I have another home loan which will be closed by end of 2025. I have a daughter which is doing CA and for marriage it will be required around 1 cr. I have a son who are going to persue medical which will cost me 50-75L. How I can plan my retirement to get atleast 3L monthly by age of 55. My current monthly take home salary is 3L around.
Ans: Given your goal to retire by 55 with a monthly income of ?3L, you have a comprehensive plan with a mix of investments and savings. Here's a suggested strategy:

EPF: Continue the contribution as it offers tax benefits and stable returns.

SIPs: Your SIPs in small and large-cap funds are good for growth. Consider adding a diversified equity fund for balance. Monitor and rebalance annually.

NPS: Since you're investing ?25,000 monthly, ensure you choose the auto-choice option for a balanced allocation between equity, corporate bonds, and government securities.

Home Loans: Prioritize closing the higher interest rate loan first while maintaining EMIs for both.

Children’s Education and Marriage: Start separate SIPs or investments earmarked for these goals to reach 1 cr for your daughter's marriage and 50-75L for your son's medical studies.

Emergency Fund: Maintain an emergency fund of at least 6 months' expenses.

Retirement Corpus: Aim to build a corpus that can generate ?3L/month. Based on a conservative estimate, a corpus of around ?6-7 crores by 55 might be needed. Regularly review and adjust your investments to align with this target.

Professional Advice: Consult a financial advisor to fine-tune your plan and ensure you're on track to meet your retirement and other financial goals.

..Read more

Ramalingam

Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 11, 2024

Asked by Anonymous - Jun 11, 2024Hindi
Money
I am 37 years old my salary is 1.38 lacs per month my wife salary is 35k pm we have a home loan of 44 lacs we hve one daughter of4 yrs old. I have Fd of 50 lacs & 2 lacs in mutual funds and 50 lacs of term insurance and taken on tata insurance of 1.50 lacs per year. Abt exp i pay monthly rent 12k n ppf pay 9k pm...just want to know how can i plan my retirement n pay back my home loan as soon as possible..in my retirement i need a good amt of money to live good life..also m getting rent of 6k in one property
Ans: Strategic Financial Planning for Retirement and Home Loan Repayment
Understanding Your Current Financial Landscape
You are 37 years old with a monthly salary of Rs 1.38 lakh, while your wife earns Rs 35,000 per month. You have a home loan of Rs 44 lakh and a 4-year-old daughter. Your financial assets include Rs 50 lakh in fixed deposits, Rs 2 lakh in mutual funds, and a term insurance cover of Rs 50 lakh. Additionally, you have a Tata insurance policy with an annual premium of Rs 1.50 lakh. Your monthly expenses include a rent of Rs 12,000 and a PPF contribution of Rs 9,000. You also receive a rental income of Rs 6,000 from one property.

Setting Financial Goals
Short-Term Goals
Home Loan Repayment: Focus on paying off the home loan to reduce debt burden and free up cash flow.
Emergency Fund: Strengthen your emergency fund to cover at least six months of living expenses.
Children's Education: Start planning for your daughter's education expenses.
Long-Term Goals
Retirement Planning: Aim to build a substantial corpus for retirement to maintain your lifestyle and cover expenses.
Wealth Accumulation: Continue to grow your investments to achieve financial independence and secure your future.
Strategies for Home Loan Repayment
Increase EMI Payments
Consider increasing your monthly EMI payments to expedite the loan repayment process. Even a small increase can significantly reduce the tenure and interest burden.

Utilize Lump Sums
Use any windfalls or bonuses to make lump-sum payments towards the principal amount. This reduces the outstanding loan balance and interest payable.

Consider Refinancing
Evaluate the possibility of refinancing your home loan to avail lower interest rates. However, assess the associated costs and benefits before making a decision.

Retirement Planning Strategies
Calculate Retirement Corpus
Estimate your post-retirement expenses, factoring in inflation and lifestyle requirements. Use retirement calculators to determine the corpus needed to maintain your current standard of living.

Invest in Retirement Funds
Allocate a portion of your savings towards retirement funds, such as NPS or pension plans, for long-term growth and regular income post-retirement.

Diversify Investments
Diversify your investment portfolio to mitigate risks and maximize returns. Consider a mix of equity, debt, and balanced funds based on your risk appetite and investment horizon.

Enhancing Investment Portfolio
Review Insurance Policies
Evaluate your existing insurance policies, including Tata insurance and term insurance. Ensure they provide adequate coverage for your family's needs. Consider surrendering policies with low returns and reinvesting the proceeds in more profitable avenues.

Optimize Mutual Fund Investments
Review your mutual fund portfolio to ensure alignment with your financial goals and risk tolerance. Consider increasing SIP contributions and exploring growth-oriented funds for higher returns.

Expand Real Estate Investments
Given your rental income, consider expanding your real estate portfolio for additional passive income streams. However, conduct thorough research and due diligence before investing in properties.

Creating Additional Income Streams
Explore Side Hustles
Consider exploring additional sources of income through freelance work, consulting, or online ventures. This diversifies your income streams and provides financial security.

Monetize Skills and Expertise
Leverage your skills and expertise to offer consulting services or conduct workshops in your industry. This not only generates additional income but also enhances your professional reputation.

Ensuring Financial Security
Strengthen Emergency Fund
Increase your emergency fund to cover unforeseen expenses and mitigate financial risks. Aim for a corpus equivalent to at least six months of living expenses.

Secure Health Insurance
Given the uncertainty of job redundancy, secure comprehensive health insurance coverage for your family. This safeguards your savings from unexpected medical expenses.

Final Insights
Strategic financial planning is essential to achieve your retirement and home loan repayment goals. Prioritize debt reduction, maximize savings, and diversify investments to build long-term wealth. Explore opportunities for additional income and ensure adequate insurance coverage for financial security. With disciplined execution and prudent decision-making, you can secure a comfortable retirement and a debt-free future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 11, 2024

Asked by Anonymous - Jun 11, 2024Hindi
Money
I am 36 years old, 18 Lacs in the share market. 15 lacs in the Mutual funds and 27 Lac of home loan for 10 years at my home town and leaving in the metro city with 28k rent. In terms of dependent I have with my wife and 3 year old daughter. How can I plan my retirement?I do have saving scheme like Ssy and PPF in these invest is not appropriate or planned
Ans: Planning for retirement is a crucial step towards ensuring financial stability in your later years. You have a good foundation with investments in the share market and mutual funds, but a comprehensive plan will help you achieve your goals effectively. Let's dive into a detailed analysis of your current situation and develop a strategic retirement plan.

Understanding Your Current Financial Position
You are 36 years old, living in a metro city with your wife and a 3-year-old daughter. You have a home loan, pay rent, and have investments in shares and mutual funds.

Assets and Liabilities
Share Market Investments: Rs 18 lakhs
Mutual Funds: Rs 15 lakhs
Home Loan: Rs 27 lakhs (10-year tenure)
Monthly Rent: Rs 28,000
Monthly Expenses and Income
Considering your rent and other household expenses, it's essential to plan your cash flow efficiently. Let's assume your monthly household expenses, excluding rent, are Rs 40,000.

Dependents
You have your wife and daughter as dependents. Planning for their future needs, including your daughter's education and marriage, is vital.

Strategic Planning for Retirement
Setting Retirement Goals
Desired Retirement Age: Let’s assume you aim to retire at 60.
Post-Retirement Monthly Expenses: Considering inflation, your current Rs 40,000 expenses will increase. Planning for Rs 1 lakh monthly post-retirement is prudent.
Retirement Corpus: To sustain Rs 1 lakh monthly for 20-30 years, a significant corpus is needed. Let's aim for Rs 5-6 crores.
Evaluating Current Investments
Share Market Investments
Your Rs 18 lakhs in shares is a good start. However, stock investments are volatile. Diversifying into stable instruments will reduce risk.

Mutual Funds
Your Rs 15 lakhs in mutual funds should be reviewed for performance and diversification. Actively managed funds can potentially offer higher returns than passive index funds.

Home Loan
A Rs 27 lakh home loan is a significant liability. Paying it off early can save interest costs and reduce financial stress.

Developing a Detailed Plan
Emergency Fund
Establish an emergency fund covering 6-12 months of expenses. This fund should be in a liquid or savings account.

Emergency Fund Amount: Rs 5-6 lakhs
Location: Savings account or liquid mutual fund
Home Loan Repayment
Prioritize paying off the home loan. Reducing this debt will free up resources for other investments.

Extra EMI Payments: Consider making extra EMI payments to reduce the tenure and interest burden.
Refinance Options: Explore refinancing the loan at a lower interest rate.
Systematic Investment Plan (SIP)
Continue or start SIPs in mutual funds. SIPs help in disciplined investing and rupee cost averaging.

Monthly SIP Amount: Allocate a portion of your income towards SIPs in equity and debt mutual funds.
Diversification: Ensure a mix of large-cap, mid-cap, and debt funds.
Child's Education and Marriage Planning
Start a dedicated investment plan for your daughter's education and marriage.

Education Corpus: Estimate future education costs and start investing in child-specific plans or equity funds.
Marriage Corpus: Begin a parallel investment for marriage expenses.
Retirement Corpus Building
Aggressively build your retirement corpus through a combination of equity, mutual funds, and PPF.

Equity Investments: Continue investing in shares but diversify to reduce risk.
Mutual Funds: Increase SIP contributions and opt for a balanced mix of equity and debt funds.
PPF and Other Schemes: Continue investing in PPF for stable returns and tax benefits.
Review and Rebalance Portfolio
Regularly review your portfolio to ensure it aligns with your goals. Rebalance to maintain the desired asset allocation.

Calculations and Projections
Home Loan Repayment
Assuming an interest rate of 8% on your Rs 27 lakh home loan with a 10-year tenure:

Current EMI: Approx. Rs 32,830
Interest Outflow: Reducing the tenure through extra payments can significantly lower interest costs.
SIP and Mutual Funds
Assuming an average return of 10% from equity mutual funds:

Current Mutual Fund Value: Rs 15 lakhs
Monthly SIP: Rs 20,000
Future Value (24 years): Using compound interest formula, your SIPs can grow substantially.
Retirement Corpus Projection
To achieve a Rs 5-6 crore corpus in 24 years, you need a strategic investment plan. Assuming a mixed portfolio return of 10-12%:

Current Investments: Rs 33 lakhs (shares + mutual funds)
Annual Addition: Rs 2.4 lakhs (Rs 20,000 SIP)
Future Value: Your investments can potentially grow to meet your retirement goals.
Benefits of Actively Managed Funds
Actively managed funds offer potential advantages over index funds:

Professional Management: Fund managers actively select stocks to outperform benchmarks.
Flexibility: They can adapt to market conditions, potentially reducing losses in downturns.
Higher Returns: With the right strategy, they can offer higher returns than passive funds.
Disadvantages of Direct Funds
Direct mutual funds have lower expense ratios but require more involvement:

Complexity: Investors must choose and manage funds themselves.
Time-Consuming: Keeping up with market trends and fund performance needs time.
Risk of Poor Choices: Without professional guidance, there’s a risk of poor investment decisions.
Importance of Professional Guidance
Investing through a Certified Financial Planner (CFP) can provide:

Tailored Advice: CFPs offer personalized plans based on your goals and risk tolerance.
Regular Monitoring: They track your investments and suggest timely adjustments.
Comprehensive Planning: CFPs help with tax, retirement, and estate planning.
Additional Financial Considerations
Insurance
Ensure adequate life and health insurance coverage. This protects your family in case of unforeseen events.

Life Insurance: Opt for term insurance covering at least 10-15 times your annual income.
Health Insurance: A comprehensive health plan covers medical expenses and safeguards savings.
Tax Planning
Efficient tax planning can save money and enhance your investment corpus.

Tax-Saving Investments: Utilize Section 80C for investments in PPF, ELSS, and other schemes.
Deductions: Avail deductions for home loan interest under Section 24(b).
Final Insights
Your financial journey towards retirement requires careful planning and disciplined investing. By focusing on paying off your home loan, building an emergency fund, and investing in a diversified portfolio, you can achieve your retirement goals. Regular reviews and adjustments, along with professional guidance, will ensure you stay on track.

By following this comprehensive strategy, you can secure a comfortable retirement and provide for your family's future needs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jul 03, 2024Hindi
Money
Hi i am 39 year old my in hand salary after tax is 51 lpm I have fixed deposit worth 80 lac ppf of 34 lac, I have own flat fully paid, mutual fund around 13 lac,10 lac emergency fund, my wife housewife and son is 3 year old, what can I do to plan my retirement my current yearly expense is around 9 lacs and I don't have any loan
Ans: Planning for retirement is crucial, and it's wonderful that you're thinking ahead. Let's create a comprehensive plan to ensure a comfortable and secure retirement for you and your family. I'll guide you through the steps and strategies needed, addressing various aspects of your financial situation.

Understanding Your Current Financial Situation
You have a strong financial foundation, which is great. Your current financial assets include:

Fixed Deposit: Rs. 80 lakh
PPF: Rs. 34 lakh
Mutual Funds: Rs. 13 lakh
Emergency Fund: Rs. 10 lakh
Fully Paid Flat
Your annual expenses are Rs. 9 lakh, and you have no loans. With these details in mind, we can create a solid retirement plan.

Setting Retirement Goals
First, let's set clear retirement goals. This includes determining the age you wish to retire, estimating your post-retirement expenses, and accounting for inflation.

Retirement Age: Let's assume you plan to retire at 60.
Post-Retirement Expenses: Estimating your expenses to increase with inflation, let's assume Rs. 12 lakh annually.
Your current expenses of Rs. 9 lakh will likely increase over time due to inflation. Planning for increased expenses ensures you won't fall short of funds during retirement.

Building a Retirement Corpus
To ensure a comfortable retirement, you need to build a substantial retirement corpus. Given your current financial assets and future goals, let's discuss how to achieve this.

Mutual Funds: A Key Investment
Mutual funds are a crucial part of your investment strategy. They offer diversification, professional management, and the potential for higher returns. Let's explore the categories of mutual funds and their benefits:

1. Equity Mutual Funds
Equity mutual funds invest in stocks. They have the potential for high returns but come with higher risk.

2. Debt Mutual Funds
Debt mutual funds invest in bonds and fixed income securities. They are safer but offer lower returns compared to equity funds.

3. Balanced or Hybrid Funds
These funds invest in both equity and debt, providing a balance of risk and return.

Advantages of Mutual Funds
Diversification: Mutual funds spread investments across various assets, reducing risk.
Professional Management: Experts manage your investments, aiming for the best returns.
Liquidity: You can easily buy or sell mutual fund units.
Compounding: Reinvesting returns can lead to significant growth over time.
Risk and Power of Compounding
Mutual funds come with market risks. However, long-term investments usually balance out short-term market fluctuations. The power of compounding significantly boosts your corpus over time. By reinvesting your returns, your money grows faster.

Disadvantages of Index Funds and Direct Funds
While index funds track market indices and come with lower fees, they lack the active management that can potentially outperform the market. Direct funds may save on commissions, but investing through a certified financial planner (CFP) provides valuable guidance and better fund selection.

Investing in Actively Managed Funds
Actively managed funds, chosen by an experienced CFP, often outperform index funds. A CFP’s expertise helps in selecting funds tailored to your financial goals and risk tolerance.

Structuring Your Investments
Now, let's structure your investments to build a robust retirement corpus.

Emergency Fund
You already have a Rs. 10 lakh emergency fund. Keep this in a liquid or ultra-short-term debt fund to ensure quick access.

Fixed Deposits and PPF
Your fixed deposit and PPF are safe investments. However, their returns may not outpace inflation in the long term. Consider moving a portion into higher-yielding investments like mutual funds.

Diversifying Your Mutual Fund Portfolio
Diversification is key. Spread your investments across various mutual funds:

Equity Funds: Allocate a significant portion to equity funds for higher returns.
Debt Funds: Invest in debt funds for stability and income.
Balanced Funds: Include balanced funds to mitigate risk while aiming for growth.
Systematic Investment Plan (SIP)
Investing through SIPs ensures disciplined investing and rupee cost averaging. This strategy reduces the impact of market volatility.

Reviewing and Rebalancing Your Portfolio
Regularly review and rebalance your portfolio. This ensures your investments stay aligned with your goals and risk tolerance. A CFP can provide ongoing guidance and adjustments.

Tax Planning
Effective tax planning maximizes your returns. Utilize tax-saving instruments and plan withdrawals to minimize tax liabilities.

Insurance Coverage
Ensure you have adequate insurance coverage:

Life Insurance: Protect your family’s future with sufficient life insurance.
Health Insurance: Adequate health insurance covers medical emergencies without draining your savings.
Retirement Income Streams
Plan for multiple income streams during retirement:

Systematic Withdrawal Plan (SWP): Use SWPs from mutual funds for regular income.
Dividends: Invest in dividend-paying funds or stocks.
Part-Time Work: Consider part-time work or consultancy for additional income.
Estate Planning
Estate planning ensures your assets are distributed as per your wishes. Prepare a will and consider trusts for efficient transfer of wealth.

Final Insights
Planning for retirement involves a multi-faceted approach. By diversifying your investments, utilizing mutual funds, and planning for tax efficiency, you can build a substantial retirement corpus. Regular reviews and adjustments with a CFP ensure you stay on track to achieve your retirement goals.

Conclusion
Planning your retirement requires careful consideration of various factors. By following the outlined strategies, you can ensure a comfortable and secure retirement for you and your family. Regularly consulting with a CFP will help you stay on track and make informed decisions.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
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Milind Vadjikar  |741 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 03, 2024

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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
The fund house will:
1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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Ravi

Ravi Mittal  |450 Answers  |Ask -

Dating, Relationships Expert - Answered on Dec 03, 2024

Asked by Anonymous - Dec 03, 2024Hindi
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Relationship
Hello, my wife is Ugandan and I’m of English national, 30 years old and she’s 26, we met nearly a year ago and got married in uk with some of her friends and small family. We haven’t done kuchala (not sure if that’s correct spelling) yet and I’m feeling anxious for when the time comes. She said her family will kneel when they greet me and being white this is already stinging my moral (due to history). I also talked about moving in together before the meet the parents happen however she says she’s rather move in after? Currently this could take two years before going to Uganda, how should I proceed without overstepping her cultural beliefs as after all we are married and by my culture we should already be living together
Ans: Dear Anonymous,
It is very nice of you to be so considerate and sensitive while handling these cultural nuances. Let's discuss the kneeling tradition. It's a sign of respect and it's deeply rooted in Ugandan culture. While I understand your point of view, you also have to remember that it can have significant meaning to her and her family. I suggest you politely express your feelings and let her know why it is uncomfortable for you to see her family kneel. When you explain, mention how much her culture means to you as well. I am sure both of you can communicate and come to a compromise that makes you both happy. Just in case, they persist in following the ritual, just look at it as a gesture of love and respect and not submission.

About the moving in together part, in certain parts of the world, couples living together before the traditional wedding is not considered respectful. But since you are already married, you can try explaining to your wife how the living situation does not go against her cultural expectations. But if it is a really big deal for her and her family, consider seeing it from her perspective.

Communication is everything here. Look at every problem as a team; it's not your problem vs her problem. It's both of you vs the problems.

I hope this helps

...Read more

Radheshyam

Radheshyam Zanwar  |1088 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Dec 03, 2024

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I have received a job offer from Siecorp ,a Singapore based company though my posting would be at my hometown . They have asked me to submit all credentials related to education & job experiences which is quite normal but they have asked the following documents also which they said would help me to arrange through some agent by payment & the same would be reimbursed during first month of employment . Earlier also another overseas company asked for the same & I denied to make payment before having the job in hand . 1. Construction Health and Safety Technician (CHST) – Compulsory 2. OSHA Safety Certificate – Compulsory 3. Safety Trained Supervisor (STS) – Non-Compulsory Kindly advise whether these certificates are really required to be submitted to join any foreign company or any sort of cheating business regards,
Ans: Hello Bipradas.
From your query, it is clear that you have offered by job by a Singapore-based company and they are giving you a posting in your home town. You did not mention anything about the work culture of the company. It simply indicates that you are supposed to work from home which is always related to computers. I think there is no harm in producing the required documents through an agent if they are offering you a handsome salary. The requirement for documents differs from company to company. There is no harm in submitting the mentioned documents. If have fear in your mind, then please go through the profile of the company in detail before submitting the documents. There are many ways to check the authenticity of the company. There are some chances of cheating, but everybody is not indulged in the same category. But take the steps with utmost precaution.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

...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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