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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 02, 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 - Jun 24, 2024Hindi

Money

Hi, I'm 47, divorced, living with dependent parents. I quit my job 2 years back to take up entrepreneurship venture which is not going well and will be exiting soon. Only financial back up I have is an ancestral property worth 3Cr. Can you advise on how can I best to invest the proceeds from sale of this property to generate regular monthly income and also grow corpus for retirement?

Ans: Let's discuss how you can strategically invest the proceeds from the sale of your ancestral property worth Rs. 3 crores. We'll aim to generate a regular monthly income while also growing your retirement corpus. Given your situation, we'll ensure the plan balances both stability and growth.

Your Financial Landscape
At 47 years old and with dependent parents, it's crucial to establish a stable income. Transitioning from an entrepreneurial venture that didn’t pan out can be challenging, but with careful planning, you can create a secure financial future.

Proceeds from Property Sale
The Rs. 3 crore from selling your ancestral property is a substantial amount. We’ll allocate it across various investment avenues to ensure diversification, stability, and growth.

Investment Strategy for Regular Income and Growth
Fixed Deposits and Savings Instruments
Fixed Deposits (FDs): Allocate a portion of your funds to FDs. They offer safety and guaranteed returns. FDs can provide a stable monthly interest income.

Senior Citizens' Savings Scheme (SCSS): If you or your parents are eligible, consider SCSS. It offers higher interest rates and is a secure option.

Debt Mutual Funds
Debt Mutual Funds: These funds invest in fixed-income securities. They are less volatile and offer steady returns. Opt for a mix of short-term and long-term debt funds to balance liquidity and yield.
Monthly Income Plans (MIPs)
Monthly Income Plans: MIPs are hybrid mutual funds with a mix of debt and equity. They aim to provide regular income through dividends and interest from bonds.
Systematic Withdrawal Plans (SWP)
SWP in Mutual Funds: Invest a lump sum in mutual funds and set up an SWP. This will provide regular monthly income while allowing the remaining investment to grow.
Diversified Equity Mutual Funds
Equity Mutual Funds: These funds invest in stocks and have the potential for higher returns. Consider large-cap, mid-cap, and multi-cap funds for diversification. Equity funds are suitable for long-term growth and can help build your retirement corpus.
Hybrid Funds
Hybrid Mutual Funds: These funds invest in both equities and debt instruments. They offer balanced risk and reward. Hybrid funds are ideal for moderate risk tolerance and provide a blend of growth and income.
Liquid Funds
Liquid Funds: These funds invest in short-term debt instruments. They offer better returns than a savings account and provide high liquidity. Keep a portion of your funds here for emergencies or short-term needs.
Understanding Mutual Funds
Categories of Mutual Funds
Equity Funds: High-risk, high-reward. Ideal for long-term goals.
Debt Funds: Lower risk, steady returns. Suitable for stability and income.
Hybrid Funds: Balanced risk, combining equity and debt. Good for moderate risk tolerance.
Liquid Funds: Very low risk, highly liquid. Ideal for short-term parking of funds.
Advantages of Mutual Funds
Diversification: Spreads risk across various assets.
Professional Management: Managed by experts.
Liquidity: Easy to enter and exit.
Flexibility: Various options to match your goals.
Tax Efficiency: Potential tax benefits.
Power of Compounding
Compounding is when your earnings generate more earnings. It works best with long-term investments. The earlier you start, the more you benefit.

Risk and Return
Balancing risk and return is key. Higher returns typically involve higher risk. Diversify your investments to spread risk and enhance potential returns.

Active vs. Passive Funds
Active Funds
Managed by fund managers aiming to outperform the market.
Higher fees due to active management.
Potential for higher returns.
Passive Funds (Index Funds)
Track a market index.
Lower fees.
Limited potential to outperform the market.
May not suit all investors.
Direct vs. Regular Funds
Direct Funds
No intermediary commissions.
Lower expense ratio.
Requires more investor knowledge.
Suitable for experienced investors.
Regular Funds
Invested through intermediaries like Certified Financial Planners.
Higher expense ratio due to commissions.
Professional guidance and support.
Suitable for less experienced investors.
Balancing Immediate Needs and Long-Term Goals
Generating Regular Monthly Income
Your primary need is regular monthly income. Here's how you can achieve that:

Allocate a portion to FDs and SCSS: Provides stable interest income.
Invest in Debt Mutual Funds and MIPs: Offers steady returns and income through dividends.
Set up SWP in Mutual Funds: Ensures regular cash flow while allowing growth.
Growing Your Retirement Corpus
For long-term growth, focus on equity and hybrid funds:

Diversify across Equity Mutual Funds: Large-cap, mid-cap, and multi-cap funds.
Balance with Hybrid Funds: Offers a mix of growth and stability.
Reinvest a portion of your monthly income: Enhances compounding effect.
Periodic Review and Adjustment
Regular Monitoring
Regularly monitor your investments to stay on track. Market conditions change, and your financial needs may evolve. Adjust your portfolio as needed.

Consulting with a Certified Financial Planner
Periodic consultations with a Certified Financial Planner provide valuable insights. They help align your investments with your goals and market conditions.

Emergency Fund
Keep a portion of your funds in liquid assets like liquid funds or savings accounts. This ensures you have quick access to cash for emergencies.

Tax Planning and Insurance
Tax Efficiency
Effective tax planning enhances your savings. Invest in tax-efficient instruments and utilize benefits under various sections.

Insurance Coverage
Ensure you have adequate insurance for life, health, and critical illness. This protects you and your family from unforeseen expenses.

Final Insights
Investing Rs. 3 crores from the sale of your ancestral property requires a balanced approach. Focus on generating regular monthly income and growing your retirement corpus. Diversify across fixed deposits, debt mutual funds, monthly income plans, and equity mutual funds. Use systematic withdrawal plans for steady cash flow. Regularly review and adjust your investments. Consulting with a Certified Financial Planner can provide valuable guidance. Start early, stay disciplined, and keep a long-term perspective.

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 Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 10, 2024

Asked by Anonymous - May 06, 2024Hindi

Money

I'm 52 years male with 2 crore self house, shop worth 1.8 crore possession with 18 months , a garage commercial on rent receivable of 40k every month, approx 2 crore with cash in hand , want to accumulate a corpus of 10 Crore with 10 years , having no income right now. No loans and liabilities i have currently.Monthly expenses of 1.25 to 1.5 laks per month Wife 42 years , Sons 18 & 11 years , daughter 21 years. Medical insurance of 15 laks. Please advice an achievable plan of investment.

Ans: With your assets and goals in mind, let's craft a plan to accumulate a corpus of 10 Crore in 10 years:

Firstly, let's leverage your existing assets:

Your self-owned house and shop are valuable assets that can provide stability and potential appreciation over time.
The commercial garage rental income adds to your monthly cash flow, which is a positive aspect for your financial planning.
Given your current cash reserve:

Utilize a portion of your cash reserve for immediate expenses and emergencies.
Allocate the remaining amount strategically towards investments that align with your long-term goal.
Considering your lack of current income:

Explore investment avenues that offer a balance of capital appreciation and regular income generation.
Focus on creating a diversified investment portfolio to spread risk and maximize returns over the long term.
For your monthly expenses:

Ensure that your investment strategy takes into account your monthly expenditure needs, aiming for a balance between growth and liquidity.
Regarding your family's financial security:

Continue to maintain adequate medical insurance coverage to safeguard against unforeseen health expenses.
Consider allocating a portion of your investment towards education and future financial needs of your children.
Remember:

Regularly review your investment portfolio and adjust your strategy as needed to stay on track towards your goal.
Seek guidance from a Certified Financial Planner to fine-tune your investment plan and address any concerns or uncertainties.
With diligence and a well-thought-out strategy, achieving your financial goal is within reach.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - Jun 25, 2024Hindi

Money

I am 41 years old. I am single. I have no dependents. In my family only father is there who lives off his monthly government pension which is around 80k per month. I am currently working on my startup. I don't have a regular monthly income as of now. I have inherited property which is around worth 20 crores. I have 3 houses. I dont have any loans or any other financial commitments. I might do marriage and may have kids also in near future. I have invested in a pension plan of a nationalised bank in which I invest 8 lacs per year for 5 years. and Then I get a lifelong income of approx 3 lacs per year for the rest of my life. The property I have and will inherit will be mostly agricultural land and commercial land. How and where do i invest so that I get at least 4 lacs per month regular income from my property investments. The money which I will receive from my agri/comm land sale will be at least 60 percent in cash. So, my question is about the regular monthly income and also where do I invest my money.

Ans: I can provide a detailed plan for you. Let's discuss how you can achieve a regular monthly income of at least Rs 4 lakhs from your investments. I'll break down the plan into key components and provide professional advice while keeping the language simple and clear.

Understanding Your Current Financial Situation

First, let's appreciate your financial situation. You have no loans or dependents, and you own valuable property worth Rs 20 crores. You also have three houses and expect to inherit more agricultural and commercial land. It's impressive that you have a pension plan that will provide lifelong income.

Since you aim for a stable monthly income, diversifying your investments will be key. Let's explore different investment options to help you achieve your goal.

Investment in Mutual Funds

Mutual funds are an excellent way to generate regular income. They offer diversification, professional management, and liquidity. There are different types of mutual funds to consider:

1. Debt Mutual Funds

Debt mutual funds are less risky and provide steady returns. These funds invest in government securities, corporate bonds, and other fixed-income instruments. They can offer regular income through monthly, quarterly, or annual dividends.

Advantages of Debt Mutual Funds

Lower risk compared to equity funds.
Regular income through dividends.
Professional management.
Diversification across various debt instruments.
2. Equity Mutual Funds

Equity mutual funds invest in stocks and have the potential for high returns. Though they are riskier, they can provide significant growth over the long term. You can choose funds focusing on large-cap, mid-cap, or small-cap stocks based on your risk tolerance.

Advantages of Equity Mutual Funds

High potential returns.
Diversification across various companies.
Professional management.
Long-term growth through compounding.
3. Balanced or Hybrid Mutual Funds

Balanced or hybrid funds invest in both equity and debt instruments. They offer a balance of risk and return. These funds can provide regular income through dividends while offering growth potential.

Advantages of Balanced or Hybrid Mutual Funds

Balanced risk and return.
Regular income through dividends.
Diversification across equity and debt.
Professional management.
Systematic Withdrawal Plan (SWP)

A Systematic Withdrawal Plan (SWP) allows you to withdraw a fixed amount from your mutual fund investments regularly. This can provide you with a steady income. You can set up an SWP in debt or balanced funds to ensure regular monthly income.

Advantages of SWP

Regular income.
Flexibility in withdrawal amount and frequency.
Tax efficiency compared to lump-sum withdrawals.
Professional management of remaining investments.
Fixed Deposits (FDs)

Fixed deposits are safe and provide guaranteed returns. Though they offer lower returns than mutual funds, they are a reliable source of regular income. You can invest a portion of your funds in FDs to ensure stability.

Advantages of Fixed Deposits

Guaranteed returns.
Low risk.
Regular interest income.
Flexibility in tenure.
Post Office Monthly Income Scheme (POMIS)

The Post Office Monthly Income Scheme is a government-backed savings scheme. It provides a fixed monthly income with low risk. You can invest in POMIS to ensure a part of your income is stable and secure.

Advantages of POMIS

Guaranteed monthly income.
Low risk.
Government-backed security.
Fixed tenure with assured returns.
Senior Citizen Savings Scheme (SCSS)

If you or your father are eligible, the Senior Citizen Savings Scheme is an excellent option. It offers regular income and tax benefits. This scheme is government-backed and provides higher interest rates.

Advantages of SCSS

Regular income.
Higher interest rates.
Tax benefits.
Government-backed security.
National Pension System (NPS)

The National Pension System is a long-term investment option. It offers tax benefits and helps build a retirement corpus. While it focuses on retirement, it can be a part of your diversified portfolio.

Advantages of NPS

Long-term retirement planning.
Tax benefits.
Diversified investments.
Professional management.
Real Estate Investment Trusts (REITs)

While you have substantial real estate holdings, investing in REITs can provide diversification. REITs allow you to invest in commercial properties and earn rental income without directly managing the properties.

Advantages of REITs

Regular income through dividends.
Diversification in real estate.
Professional management.
Liquidity compared to direct real estate investment.
Diversified Investment Portfolio

To achieve a regular monthly income of Rs 4 lakhs, a diversified investment portfolio is essential. Here's a suggested allocation:

1. Mutual Funds: Allocate a significant portion to debt, equity, and balanced funds. Use SWP for regular income.

2. Fixed Deposits: Invest a portion in FDs for guaranteed returns and stability.

3. POMIS and SCSS: Invest in these schemes for low-risk, government-backed income.

4. NPS: Consider NPS for long-term retirement planning and tax benefits.

5. REITs: Invest in REITs for real estate diversification and rental income.

Creating a Systematic Investment Plan (SIP)

Systematic Investment Plans (SIPs) allow you to invest regularly in mutual funds. SIPs help in rupee cost averaging and disciplined investing. You can set up SIPs in equity and balanced funds to build a corpus over time.

Advantages of SIP

Disciplined investing.
Rupee cost averaging.
Flexibility in investment amount and frequency.
Professional management.
Power of Compounding

Investing early and regularly takes advantage of the power of compounding. Your investments grow exponentially over time, providing significant returns. Compounding is especially beneficial in equity mutual funds and SIPs.

Advantages of Compounding

Exponential growth over time.
Higher returns with longer investment duration.
Benefits of reinvesting earnings.
Risk Management and Diversification

Diversification helps manage risk and ensures stability in your portfolio. By investing in various asset classes, you reduce the impact of market volatility. Balancing high-risk and low-risk investments is key to achieving steady income.

Advantages of Diversification

Risk management.
Stability in returns.
Exposure to various asset classes.
Professional management.
Working with a Certified Financial Planner

A Certified Financial Planner (CFP) can help create a tailored investment plan. They offer professional advice, portfolio management, and periodic reviews. Working with a CFP ensures your investments align with your goals.

Advantages of Working with a CFP

Professional advice and management.
Tailored investment plan.
Periodic portfolio reviews.
Alignment with financial goals.
Final Insights

To achieve a regular monthly income of Rs 4 lakhs, diversify your investments. Focus on mutual funds, FDs, government schemes, and REITs. Use SWPs and SIPs for steady income and growth. Work with a Certified Financial Planner for professional guidance. Diversification and risk management are key to stable and regular income.

Investing in mutual funds provides growth and stability. They offer diversification and professional management. Balanced and debt funds provide steady income. SIPs and SWPs ensure disciplined and regular investments.

Fixed deposits and government schemes provide guaranteed income. They add stability to your portfolio. REITs offer real estate diversification without direct management. NPS helps in long-term retirement planning.

Diversification and risk management ensure stable returns. The power of compounding boosts long-term growth. Working with a CFP provides professional advice and alignment with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Oct 10, 2024

Question by Aswini - Oct 03, 2024Hindi

Money

Hallo sir,I am serving in a private sector,and now I am 60 years old.I want to sale my landed property for around sixty lakhs.Where can I invest that amount so that I can get around 30 thousand per month for my living

Ans: You are 60 years old and plan to sell your property for Rs. 60 lakh. You wish to receive approximately Rs. 30,000 per month for living expenses. This is a common scenario for many retirees who wish to generate a steady monthly income after their working life.

Let’s explore the best ways to achieve your goal of a regular monthly income while keeping your capital secure and maximising returns.

Factors to Consider Before Investing
Before we dive into specific investment options, it’s crucial to evaluate a few factors that will influence your decision:

Risk Tolerance: Since you are nearing retirement, your ability to take risks is lower. Focus on less risky options with stable returns.

Inflation: Ensure that the income generated keeps pace with inflation over time. Rs. 30,000 today may not have the same purchasing power 10 years from now.

Liquidity: You may need to access the funds in emergencies. Ensure that part of your investment remains easily accessible.

Tax Efficiency: It is important to consider the tax treatment of your income sources to minimize the tax burden.

With these considerations in mind, let’s explore the available options.

Investment Strategies for Generating Monthly Income
1. Systematic Withdrawal Plans (SWP) from Mutual Funds
One of the most effective ways to create a regular income is through a Systematic Withdrawal Plan (SWP) in mutual funds.

Equity Funds: Equity mutual funds have the potential to offer higher returns over the long term, though they come with some risk. Withdrawing Rs. 30,000 per month while the principal continues to grow in value could be a good strategy.

Balanced/Hybrid Funds: These funds offer a balance between equity and debt. They tend to be less volatile than pure equity funds but can still provide inflation-beating returns. This mix can give you some capital appreciation while generating stable income.

Debt Funds: These funds are lower risk and can generate consistent income. Though they may not provide high returns, they offer stability and are less volatile.

With an SWP, you can withdraw a fixed amount each month from your investment. It allows you to receive a steady income while leaving the principal to grow or at least remain stable.

Ensure to consult with a Certified Financial Planner (CFP) to help you select the best funds suited for your risk tolerance and goals.

2. Senior Citizen Savings Scheme (SCSS)
The Senior Citizen Savings Scheme (SCSS) is designed specifically for retirees like you. It offers:

Guaranteed returns, with the interest being paid quarterly.
The safety of capital since it is backed by the Government of India.
The current interest rate on SCSS is competitive. By investing a portion of the Rs. 60 lakh (the maximum limit is Rs. 15 lakh), you can generate a safe and stable income.

This scheme would provide some of the guaranteed income, while the rest of your capital could be invested in other higher-return options.

3. Post Office Monthly Income Scheme (POMIS)
The Post Office Monthly Income Scheme (POMIS) is another safe investment option for retirees seeking regular income.

It offers fixed monthly interest payments.
The maximum investment limit is Rs. 9 lakh for joint accounts and Rs. 4.5 lakh for individual accounts.
Like SCSS, POMIS can form the fixed-income part of your portfolio. The interest earned can supplement your monthly expenses while keeping the capital safe.

4. Corporate Fixed Deposits (FDs)
Corporate FDs typically offer higher interest rates compared to bank FDs. However, they come with some risk, so it’s important to choose a company with a strong credit rating.

You can opt for non-cumulative deposits that pay monthly interest, providing a regular stream of income.
Ensure that you diversify the investment across different companies to mitigate risk.
Corporate FDs can provide a reliable income stream if you are cautious in selecting safe options.

5. Debt Mutual Funds
Debt mutual funds invest in fixed-income securities like bonds, government securities, and corporate debt. They are relatively low risk compared to equity funds and can offer decent returns.

They offer better tax efficiency than bank FDs if you plan to hold them for more than three years. Long-term capital gains (LTCG) on debt funds are taxed at a lower rate with indexation benefits.

You can use a Systematic Withdrawal Plan (SWP) with debt funds to generate monthly income, just like in equity funds.

By investing in debt funds, you may balance stability with better post-tax returns.

6. Monthly Income Plans (MIPs) from Mutual Funds
Monthly Income Plans (MIPs) are hybrid mutual funds that invest predominantly in debt but have a small exposure to equity (around 10-15%).

These plans aim to provide a regular payout to investors, though the payout is not guaranteed.
MIPs tend to generate slightly better returns than pure debt instruments because of the small equity exposure, but they carry a bit more risk.
While MIPs don’t offer guaranteed monthly income, they are more tax-efficient and have a higher return potential than bank FDs or post office schemes.

7. Tax Considerations
When you start withdrawing from your investments, it is important to keep taxation in mind.

SWP from Mutual Funds: If you invest in equity-oriented funds and hold them for more than a year, your long-term capital gains (LTCG) over Rs. 1.25 lakh will be taxed at 12.5%.

SCSS and POMIS: Interest earned from these schemes is fully taxable according to your income tax slab.

Debt Funds: LTCG from debt funds are taxed as per your income tax slab, but you get indexation benefits if held for more than three years, which can reduce your tax liability.

Make sure to consult with a CFP to understand the tax impact of your withdrawals and how to optimise them.

8. Emergency Fund and Contingency Planning
It’s important to maintain an emergency fund for any unexpected expenses that may arise.

Set aside 6 to 12 months of your monthly expenses in a liquid fund or short-term FD. This fund should be easily accessible at all times.

This will ensure that you don’t need to dip into your main investments for emergency needs.

By securing your immediate financial needs, you can better manage your retirement corpus.

Structuring Your Rs. 60 Lakh for Monthly Income
Given your goal of generating Rs. 30,000 per month, here’s a potential strategy for allocating your Rs. 60 lakh to generate regular income while maintaining safety:

Rs. 15 lakh in SCSS for guaranteed quarterly payouts. This will provide around Rs. 9,000-10,000 per month.

Rs. 9 lakh in POMIS for fixed monthly interest, generating approximately Rs. 5,500-6,000 per month.

Rs. 30 lakh in a combination of Debt Mutual Funds and Balanced Funds. You can initiate a Systematic Withdrawal Plan (SWP) for the remaining Rs. 15,000-20,000 monthly income, depending on the performance of the funds.

Rs. 6 lakh in a liquid fund or short-term FD for emergencies, providing immediate liquidity if needed.

This strategy provides a mix of safety, income generation, and some growth potential to keep pace with inflation.

Best Practices to Ensure a Secure Retirement
Diversification: Spread your investments across different asset classes to reduce risk. Avoid putting all your money in one product.

Review Your Investments Regularly: As your needs and the market evolve, review and rebalance your portfolio with the help of a CFP.

Health Insurance: Ensure you have adequate health insurance. Health costs can be significant in retirement, and having the right insurance can help protect your savings.

Don’t Depend Entirely on One Income Source: Ensure you have multiple streams of income, such as interest, dividends, or rental income, to reduce dependency on one source.

Estate Planning: Create a will and ensure your investments are in line with your estate planning goals to avoid complications later.

Finally
Your Rs. 60 lakh can comfortably generate Rs. 30,000 per month if invested wisely. The key is to create a diversified portfolio that balances safety, income, and growth. Combining SCSS, POMIS, SWP from mutual funds, and some low-risk debt instruments can help achieve your goal.

Review your investments regularly and ensure that your retirement portfolio remains aligned with your long-term financial needs.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi

Career

Hello sir I am mbbs graduated from russia in 2020,n passed with my fmge exam in india in 2021, I want to ask if i want to practice medicine or work as doctor in uk ? Is it necessary for me to pass plab exam exam? Or if i get sponsorship from any uk i will be able to work there and simultaneously i will give plab exam?? Please guide me i m so confused?

Ans: Hi, I understand that you pursued a medicine course in Russia (a non-European country) and, since you are from India, you have completed the FMGE. Now you want to practice or work in the UK as a doctor?

Based on your question, you are eligible to practice in India after completing your internship (which you haven't mentioned, but I assume you have completed it). The FMGE is essentially a licensure exam for Indian students who have completed their medical studies abroad, so you are eligible to practice in India only.

If you want to practice medicine in the UK, you need to complete the PLAB test, as you are from outside the UK/Switzerland/European countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland).

You also inquired about sponsorship. Here is the information related to sponsorship for practicing medicine in the UK.
(Extracted from general medical council, uk org. )Applying for registration using sponsorship
If you apply through sponsorship, you will have to satisfy the sponsor that you possess the knowledge, skills and experience required for practising as a fully registered medical practitioner in the UK. Each sponsor has their own scheme which we have pre-approved. If you can satisfy the requirements of their scheme, they will issue you with a Sponsorship Registration Certificate (SRC) which you will need for your application with us. Please ensure this is a Sponsorship Registration Certificate for GMC registration, as we can’t accept UK visa sponsorship certificates for your application for registration.
Please note that a core part of all sponsors' criteria is that a doctor applying for an offer of sponsorship must have been engaged in medical practice for three out of the last five years including the most recent 12 months. If you cannot meet these minimum criteria, it is unlikely that you'll be able to supply sufficient evidence to support your application for sponsorship.
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• NHS Wales Shared Services Partnership (NWSSP) – All Wales International Medical Recruitment Programme
• Norfolk and Suffolk NHS Foundation Trust (NSFT) - Advanced Clinical Fellowship in Psychiatry
• North Lincolnshire and Goole NHS Foundation Trust (NLAG) Sponsorship Programme
• Northampton General Hospital – Clinical Fellowship in Regional Anaesthesia
• Northampton General Hospital NHS Trust - International Clinical Fellowship in Regional Anaesthesia, Vascular Anaesthesia, or Peri-operative Medicine
• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme
• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme (Psychiatry)
• Northern Care Alliance – NCA International Medical Fellowship Scheme
• Oxford University Hospitals NHS Foundation Trust – Oxford Eye Hospital
• Oxford University Hospitals NHS Foundation Trust – Oxford Intensive Care Medicine (OxICM) Sponsorship Scheme
• Oxford University Hospitals NHS Foundation Trust – Oxford University Hospitals Sponsorship Scheme
• Oxford University Hospitals NHS Foundation Trust – The Oxford International Neonatal and Paediatric Fellowship Programme
• Rotherham Doncaster and South Humber NHS Foundation Trust - Sponsored International Fellowship Scheme in Psychiatry
• Royal College of Anaesthetists – Global Fellowship Scheme (Anaesthesia or ICM)
• Royal College of Anaesthetists – MTI Scheme
• Royal College of Emergency Medicine
• Royal College of Obstetricians and Gynaecologists – MTI Scheme
• Royal College of Ophthalmologists
• Royal College of Paediatrics and Child Health – International Paediatric Sponsorship Scheme
• Royal College of Paediatrics and Child Health – MTI Scheme
• Royal College of Pathologists
• Royal College of Physicians of Edinburgh
• Royal College of Surgeons of England
• Royal College of Physicians of London
• Royal College of Physicians and Surgeons of Glasgow
• Royal College of Psychiatrists – MTI Scheme
• Royal College of Radiologists – Clinical Radiology
• Royal College of Radiologists – Clinical Oncology
• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
• Royal College of Surgeons of Edinburgh
• Royal Devon and Exeter NHS Trust
• Royal Papworth Hospital NHS Foundation Trust – Senior Clinical Fellowship Programme in Anaesthesia and Critical Care
• Royal Wolverhampton Trust – Clinical Fellowship Programme
• Sheffield Children’s NHS Foundation Trust - Rotational Clinical Fellows in Paediatrics, Trauma and Orthopaedic International Fellows, and Subspeciality Fellows in Paediatrics
• Sheffield Health and Social Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Somerset NHS Foundation Trust – Somerset Overseas Doctors Sponsorship Scheme
• Somerset NHS Foundation Trust – Psychiatry Overseas Doctors Sponsorship Scheme
• South Warwickshire University NHS Foundation Trust - GMC Multispecialty Sponsorship Scheme
• South West Yorkshire Partnership NHS Foundation Trust – International Fellowship in Psychiatry
• Southmead Hospital, North Bristol NHS Trust – International Obstetrics and Gynaecology Training Programme
• St Bartholomew’s Hospital, Barts Health NHS Trust – St Bartholomew’s Critical Care Fellowship
• St George’s University Hospitals NHS Foundation Trust – International Anaesthetics Fellowship Programme
• St George’s University Hospital NHS Foundation Trust (Dr Nirav Shah) – International Intensive Care Medicine Trainees
• St George’s University Hospitals NHS Foundation Trust – International Emergency Medicine Trainees
• Surrey and Borders Partnership (SABP) NHS Foundation Trust – International Psychiatric and Community Paediatrics Sponsorship Scheme
• Tees, Esk and Wear Valleys NHS Foundation Trust – International Psychiatric CESR or SAS Fellowship
• University College London Hospitals NHS Foundation Trust, Department of Critical Care – Clinical Fellowship Critical Care and Perioperative Medicine
• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Aug 02, 2024Hindi

Career

I’m mbbs final year student from Kathmandu university want pg medicine from UAE

Ans: You have provided very limited information. I understand that you are a student from Kathmandu University and wish to pursue higher education in medicine in the UAE. To provide a more accurate response, I need the following details:

What is your nationality? (Based on your nationality, I can check the relevant requirements from the health department regarding courses and internships).

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Dec 20, 2024Hindi

Career

Sir my son has 92 percentile in cat 2024..what are his scopes of admission.

Ans: Hi Sir,
You have provided very limited information to obtain the details. However, the percentile of the candidate will not solely determine the admission process. Other factors are also involved, including:

- Course
- Institution
- Caste
- Creamy layer
- Gender

But, there may be possibilities for admission to the following IIMs: IIM Visakhapatnam, Udaipur, Bodhgaya, Shillong, and Rohtak.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.

Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

Stocks and Mutual Funds:
Your Rs 60 lakh investment in stocks and mutual funds is a commendable step. Active mutual funds offer professional fund management and can outperform index funds over time.

Foreign Stocks:
Your Rs 1.7 crore portfolio in foreign stocks adds geographical diversification. Monitor currency exchange fluctuations and global market trends.

Provident Fund (PF):
With Rs 1.3 crore in PF, this is a reliable retirement corpus. The fund provides fixed returns and tax benefits, adding stability.

Farm Lands:
Farm lands worth Rs 5 crore are an illiquid but valuable asset. They might not generate consistent income unless leased or developed.

Loans:
A loan liability of Rs 1.2 crore needs prioritised repayment. Focus on loans with higher interest rates first.

Insurance Coverage:
A Rs 5 crore term plan is robust. Your Rs 50 lakh health insurance is sufficient for unexpected medical emergencies.

Retirement Goals
You need Rs 3–4 lakh monthly for 27–28 years post-retirement.
The portfolio must generate steady, inflation-adjusted returns.
Action Plan for Retirement
Debt Management
Prepay High-Interest Loans:
Use a portion of your surplus income to prepay loans. This reduces interest outflow and increases your cash flow.

Avoid New Loans:
Focus on reducing existing liabilities instead of taking on new ones.

Portfolio Restructuring
Real Estate:
Retain essential properties. Sell underperforming or non-essential properties to reduce concentration in real estate. Invest proceeds in mutual funds or debt instruments for diversification.

Mutual Funds (MFs):
Increase SIPs in actively managed funds. They outperform direct funds due to guidance from Certified Financial Planners and MFDs. Regular funds offer better tracking and professional assistance.

Stocks:
Monitor direct equity investments closely. Consider reallocating underperforming stocks to mutual funds for better management.

Debt Instruments:
Invest in high-quality debt funds or fixed-income securities for stability. These instruments balance equity volatility and ensure steady returns.

SIP Strategy
Increase SIPs from Rs 70,000 to Rs 1 lakh/month.
Allocate 70% to equity funds for long-term growth.
Invest 30% in debt funds for stability and liquidity.
Emergency Fund
Maintain a 12-month expense reserve in liquid funds or fixed deposits.
This covers unexpected expenses without disturbing investments.
Income During Retirement
Systematic Withdrawal Plan (SWP)
Use SWPs in mutual funds to generate regular income.
Withdraw 6–8% annually from your mutual fund portfolio for a steady income stream.
Rental Income Optimisation
Review property rents regularly.
Invest part of rental income in equity or debt mutual funds for compounding.
Dividend Stocks
Retain high-dividend-yield stocks for regular income.
Reinvest surplus dividends for long-term growth.
Tax Efficiency
Equity Funds Taxation:
Long-term gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains are taxed at 20%.

Debt Funds Taxation:
Both short- and long-term gains are taxed per your income slab.

Real Estate Capital Gains:
Use exemptions under Sections 54 or 54F to save tax on property sales.

Inflation Protection
Allocate 60–70% of your portfolio to equity investments.

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

Estate Planning
Draft a will to allocate assets transparently among family members.
Use nomination and joint ownership to avoid legal complications.
Consider a family trust for farm lands to avoid disputes.
Periodic Review
Review your financial plan every six months.
Adjust investments based on market conditions, goals, and needs.
Consult a Certified Financial Planner regularly for updates.
Finally
A well-diversified portfolio ensures financial independence post-retirement. Focus on debt repayment, portfolio balance, and tax-efficient withdrawals. Your assets can comfortably generate Rs 3–4 lakh monthly income, adjusted for inflation.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Kanchan Rai |444 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Dec 21, 2024

Question by Kevin - Dec 19, 2024Hindi

Relationship

I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.

Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

Your relationship with your wife appears to be another significant source of emotional distance. While her lack of interest in deep conversations may seem like a barrier, it’s worth exploring other ways to reconnect—perhaps by spending time together in shared activities or revisiting moments that once brought you closer. Sometimes, relationships stuck in routines benefit from new experiences or even professional counseling to navigate the underlying dynamics.

Regarding your daughter, while it’s clear she cannot shoulder your emotional burdens, she can still be a source of joy and connection. Investing time in activities with her can provide a sense of fulfillment and grounding that counters loneliness.

Above all, remember that reaching out for professional support, such as therapy, is not a sign of weakness but an act of self-care. A therapist can provide a safe space to express your feelings and help you develop strategies to foster deeper connections and manage emotional isolation.

You deserve to feel supported and connected, and even if the journey to finding that seems long, every step you take toward opening up or seeking out others is a move toward a more fulfilling and less lonely existence.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

My Question is for New Tax Regime for Financial Year 2024 – 25. Total gross Income is Rs.9 lakhs and along with that income from share / stock trading i.e short term gains of Rs. 1 lakh. Could you please help me advise if what would be the tax liability?

Ans: 01. Considering your Income of Rs.9.00 lakhs as business income & Rs.1.00 lakh as STCG on securities, without any tax savings, your tax liability would be around Rs.62,400.00 in New tax regime. If we opt for the old tax regime, your tax liability would be much more than this.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

I got a residential property through will from my mother,,property is 30 years old and i am planning to sell it, in that case i am going to get Rs 165lacks,, what will be the tax implication and how to avoid the same kindly advise i am 55 years old married man with a daughter

Ans: 01. In this case, you would be subjected to LTCG (Long Term Capital Gain) tax.
02. To work out LTCG, you should reduce its Cost from the Sale proceeds (Rs.165.00 lakhs).
of property, which was costed to your mother.
03. However, following details may help you to assess your tax liability.
Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. To avoid tax, you may invest in purchase of some house property. Exemption available would be minimum of Cost of new house property or the LTCG, which ever is less.
06. You have the option to purchase Capital Gain Bonds of NHAI etc., for tax saving.
07. Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

Hello Sir, I worked in a Pvt Ltd company from 2006 to 2011, and they had their own PF trust. The company was later sold off to another firm. I still haven't withdrawn the my PF amount. How will i be able to do that. I have the PF number and ESP number. Since this was before 2011 , my UAN is not linked to this account. How will i be able to retrieve my PF amount that is still stuck here.

Ans: Kindly keep in touch with your previous employer (present owner of the company), in this connection. There should not be any problem in getting your PF amount, except certain formalities/ forms to be submitted.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Dear Guru. I have inherited a property in Mumbai from my deceased father which was purchased in 1983 by him. If today i sell the property which is worth 2.60 Crs whats my capital gains tax and how will it be calculated

Ans: 01. In absence of exact figures, it is not possible to calculate your Capital Gains Tax. However, following details may help you to assess your tax liability.
02. Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

Ans: Here’s an updated strategy for your Rs. 15,000 SIP allocation, replacing the sectoral/thematic fund with a small-cap fund for better long-term growth potential.

Suggested SIP Allocation (Rs. 15,000)
Large-Cap Fund

Allocation: Rs. 4,000/month
Objective: Stability and steady growth by investing in India’s top 100 companies.
Why Choose: Provides consistent returns and low volatility in your portfolio.
Flexi-Cap Fund

Allocation: Rs. 4,000/month
Objective: Diversified exposure across large, mid, and small-cap stocks.
Why Choose: Offers balanced risk and returns with flexibility during market cycles.
Mid-Cap Fund

Allocation: Rs. 3,500/month
Objective: Tap into the growth potential of medium-sized companies.
Why Choose: Higher returns with manageable risk compared to small caps.
Small-Cap Fund

Allocation: Rs. 3,500/month
Objective: Focus on fast-growing small-cap companies.
Why Choose: High-growth potential over the long term, though with higher volatility.
Why Include Small-Cap Funds?
Long-Term Growth: Small-cap companies have immense potential to grow significantly over time.
Diversification: Adds exposure to an underrepresented segment, complementing large and mid-caps.
High Returns: Potential for higher returns compared to other categories, albeit with higher risk.
Key Considerations
Investment Horizon: Stay invested for at least 7-10 years to mitigate short-term volatility.
Active Fund Management: Avoid direct or index funds to leverage professional expertise.
Regular Monitoring: Review fund performance periodically with a Certified Financial Planner.
Tax Implications
Equity Funds:
LTCG above Rs. 1.25 lakh/year taxed at 12.5%.
STCG (held less than 1 year) taxed at 20%.
Final Insights
This updated allocation ensures a mix of stability, moderate risk, and high growth. With consistent SIPs and periodic reviews, you can achieve robust wealth creation over the long term. A Certified Financial Planner can assist in optimising your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

See more questions »

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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