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Seeking Investment Advice: Where Can I Invest 1 Crore for Higher Returns for My Daughter's Wedding in 2 Years?

Nitin Narkhede |36 Answers |Ask -Follow

MF, PF Expert - Answered on Sep 09, 2024

Nitin Narkhede, founder of the Prosperity Lifestyle Hub, is a certified financial advisor with eight years of experience in helping clients design and implement comprehensive financial life plans.
As a mentor, Nitin has trained over 1,000 individuals, many of whom have seen remarkable financial transformations.
Nitin holds various certifications including the Association Of Mutual Funds in India (AMFI), the Insurance Regulatory and Development Authority and accreditations from several insurance and mutual fund aggregators.
He is a mechanical engineer from the J T Mahajan College, Jalgaon, with 34 years of experience of working with MNCs like Skoda Auto India, Volkswagen India and ThyssenKrupp Electrical Steel India.... more

Asked by Anonymous - Sep 07, 2024Hindi

Money

I. Have 1 crore where can i invest for 2 yrs to get bigger returns, that amt is for ur daughter marriage

Ans: Dear Friend,
Thank you for your query. It's great that you're planning ahead for your daughter's marriage. With ?1 crore available for investment over a two-year period, you’ll want to balance growth with a moderate level of risk, since the time horizon is relatively short.
Key Considerations:
Since the investment horizon is only two years, it's important to prioritize capital preservation while seeking returns higher than traditional savings accounts or fixed deposits. Investments in high-risk options like equities are not advisable for such a short duration, as markets can be volatile. Instead, a mix of low to medium risk instruments will be more suitable.
Suggested Investment Options for Two Years:
1. Debt Mutual Funds - Short-Term Debt Funds or Corporate Bond Funds can offer returns in the range of 6-8% per annum. These funds invest in government securities, corporate bonds, and other fixed-income instruments. They are safer than equity investments and are suited for a 2-year investment period.
- Dynamic Bond Funds can also be considered, as they adjust their portfolios according to interest rate fluctuations, potentially offering better returns than fixed deposits.
2. Fixed Deposits (FDs) - Though FDs offer lower returns (typically 6-7% per annum), you can opt for Corporate FDs from highly rated companies which offer slightly higher interest rates. FDs provide safety and guaranteed returns, but they may not grow your wealth significantly.
3. Arbitrage Mutual Funds - Arbitrage funds take advantage of the price difference between the cash and futures markets. They are relatively low-risk and provide returns similar to short-term debt funds but with better tax efficiency if held for more than one year. These can be a good option for a two-year horizon, offering returns of around 5-6%.
4. High-Quality Non-Convertible Debentures (NCDs) - NCDs from reputed companies offer fixed interest rates, usually ranging from 7-9%. They can be a good option for someone seeking stable returns. However, be cautious about the credit ratings of the issuing company.
5. Ultra Short-Term Mutual Funds - These funds invest in short-term debt instruments and are suitable for a two-year horizon. They generally offer returns slightly higher than savings accounts, around 6-7%.
6. Post Office Monthly Income Scheme (MIS) - If you prefer absolute safety, this government-backed scheme offers around 6.6% interest per annum, with monthly interest payouts. You can park part of your investment here for assured returns.
7. Liquid Funds or Short-Term Gilt Funds - Liquid funds invest in money market instruments and offer stable returns with high liquidity. For a two-year period, liquid funds can yield around 5-6%. Gilt funds are another option, which invest in government securities and are suitable for low-risk investors. These funds may provide returns in the range of 6-7%.
For Example, you can plan a Portfolio Allocation for ?1 Crore as follows
1. Debt Mutual Funds (40% - ?40 Lacs) : Short-term debt or corporate bond funds for capital appreciation and safety.
2. Fixed Deposits or Post Office MIS (30% - ?30 Lacs) : Secure investments with guaranteed returns.
3. Arbitrage Funds or Dynamic Bond Funds (20% - ?20 Lacs) : To benefit from moderate growth with tax efficiency.
4. Liquid Funds (10% - ?10 Lacs) : For high liquidity and short-term needs.
It’s highly recommended to consult with a certified financial advisor to fine-tune this plan according to your exact goals and risk tolerance.
Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub
https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar
https://bit.ly/m/PLH-Links

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

Question by Asma - May 06, 2024Hindi

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I am 50 years old i have an income of 20000 per mont? .i want to save money for my.daughter marriage and for old age pension .where to invest money of 3lakhs for these achievement or goals

Ans: It's great that you're planning ahead for your daughter's marriage and your old age pension. Let's dive into your options:

With an income of 20,000 per month, saving 3 lakhs might take some time, but it's definitely achievable with proper planning and discipline.

Given your goals, it's essential to strike a balance between safety, growth, and liquidity in your investments. Here's what you can consider:

Fixed Deposits (FDs): FDs offer safety and guaranteed returns. You can consider investing a portion of your savings in FDs to ensure capital preservation for your daughter's marriage.
Debt Mutual Funds: Debt mutual funds provide relatively higher returns than FDs while maintaining liquidity. They're suitable for medium-term goals like your daughter's marriage. Opt for funds with a track record of stable returns and low volatility.
Public Provident Fund (PPF): PPF is a popular long-term investment option offering tax benefits and steady returns. It can serve as a retirement corpus for you, providing financial security in your old age.
Senior Citizen Savings Scheme (SCSS): SCSS is designed for individuals above 60 years and offers regular income post-retirement. You can consider investing a portion of your savings in SCSS to build a pension corpus for your old age.
Gold ETFs: Investing in Gold ETFs can provide diversification to your portfolio and act as a hedge against inflation. You can allocate a small portion of your savings to Gold ETFs for long-term wealth preservation.
As you're nearing retirement age, it's crucial to prioritize building a robust retirement corpus alongside saving for your daughter's marriage. Consult with a Certified Financial Planner to create a comprehensive financial plan tailored to your goals and risk profile.

Remember, consistency and discipline are key to achieving your financial aspirations. Keep saving regularly, and you'll steadily progress towards 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 Jul 15, 2024

Asked by Anonymous - Jul 08, 2024Hindi

Money

Hi Sir, I am 55 years old and can invest Rs.10000 a month. I need Rs 50 lakhs after 4 years for my daughter marriage which is inevitable. How and where to invest to fulfill my required amount.

Ans: Let's delve into your investment strategy to achieve your goal of Rs. 50 lakhs in four years. Your dedication to securing your daughter's future is commendable, and I'll guide you with a comprehensive plan. Here’s how you can approach this significant financial goal.

Understanding Your Financial Goals
It's crucial to understand the specific amount and timeline for your goal. You need Rs. 50 lakhs in four years for your daughter’s marriage. With Rs. 10,000 to invest monthly, we'll need a strategic plan to bridge any gaps.

Investing in Mutual Funds
Benefits of Mutual Funds
Mutual funds offer diversification and professional management. They can help achieve high returns if selected wisely. Opt for actively managed funds rather than index funds. Active funds, managed by experienced fund managers, can potentially outperform the market.

Selecting the Right Mutual Funds
Choose funds with a good track record over different market cycles. Look for funds with consistent performance and reputable fund managers. Investing in a mix of equity and debt funds can balance risk and reward.

Systematic Investment Plan (SIP)
A SIP allows you to invest a fixed amount monthly, which is ideal for your Rs. 10,000 monthly investment. This approach benefits from rupee cost averaging and compounding. Even in volatile markets, SIPs can smoothen out returns over time.

Exploring Debt Instruments
Benefits of Debt Instruments
Debt instruments like debt mutual funds, corporate bonds, or fixed deposits offer stability and lower risk. They ensure capital preservation, which is crucial given your four-year timeline.

Choosing the Right Debt Instruments
Select instruments with a high credit rating to ensure safety. Debt mutual funds with a short to medium duration are preferable. They provide better returns than traditional savings accounts without taking on excessive risk.

Balancing Equity and Debt
Asset Allocation
Asset allocation is vital for achieving your goal. Considering your time frame and risk tolerance, a balanced approach is recommended. A 60:40 ratio between equity and debt could be effective.

Adjusting Over Time
As you approach your goal, gradually shift more towards debt instruments. This transition reduces the risk of market volatility impacting your corpus closer to the target date.

Benefits of Active Management
Professional Fund Management
Actively managed funds bring the expertise of fund managers. These professionals make informed decisions based on market analysis. This can result in higher returns compared to passive funds.

Regular Fund Investments
Investing through a Mutual Fund Distributor (MFD) with Certified Financial Planner (CFP) credentials ensures you receive expert guidance. They help in selecting the right funds, rebalancing the portfolio, and maximizing returns.

Avoiding Common Pitfalls
Steer Clear of Direct Funds
Direct funds might seem cost-effective due to lower fees. However, they lack the expert guidance that comes with regular funds. Investing through an MFD with a CFP ensures better fund selection and management.

Disadvantages of Index Funds
Index funds merely replicate market indices. They lack the potential for outperforming the market. Actively managed funds, on the other hand, aim to beat the market, offering better growth prospects.

Importance of Regular Monitoring
Regular Portfolio Reviews
Monitoring your investments regularly is essential. It helps in making necessary adjustments based on market conditions. Regular reviews ensure your investments stay on track towards your goal.

Rebalancing the Portfolio
Rebalancing involves realigning the weightage of your portfolio components. This ensures your asset allocation remains in line with your risk tolerance and financial goals. It's crucial as market movements can skew your allocation over time.

Considering Tax Implications
Tax Efficiency
Tax efficiency is an important factor. Long-term capital gains (LTCG) from equity funds are taxed at 10% beyond Rs. 1 lakh. Debt funds held for more than three years qualify for LTCG benefits with indexation, making them tax-efficient.

Tax-Saving Instruments
Investing in tax-saving instruments like ELSS (Equity Linked Savings Scheme) can provide dual benefits. They offer potential for high returns along with tax deductions under Section 80C of the Income Tax Act.

Emergency Fund
Importance of an Emergency Fund
An emergency fund is crucial to handle unexpected expenses. It ensures you don’t have to dip into your investments prematurely. Ideally, maintain six months’ worth of expenses in a liquid fund or savings account.

Creating an Emergency Fund
Start building an emergency fund alongside your investments. Allocate a portion of your Rs. 10,000 monthly investment towards this fund until it reaches the desired level.

Insurance Coverage
Importance of Insurance
Adequate insurance coverage is essential to protect against unforeseen events. It ensures your financial plan remains intact even in adverse situations.

Health and Life Insurance
Ensure you have sufficient health insurance to cover medical emergencies. A term life insurance policy can provide financial security to your family in case of any eventuality.

Engaging a Certified Financial Planner
Benefits of a CFP
A Certified Financial Planner (CFP) brings expertise and personalized advice. They help in crafting a financial plan tailored to your goals and risk profile. Engaging a CFP ensures disciplined and strategic investing.

Regular Consultations
Schedule regular consultations with your CFP. They can help in reviewing your portfolio, making necessary adjustments, and ensuring your investments align with your goals.

Final Insights
Achieving Rs. 50 lakhs in four years requires a strategic and disciplined approach. By investing Rs. 10,000 monthly in a mix of equity and debt funds, you can balance growth and stability. Actively managed funds offer potential for higher returns, while debt instruments ensure capital preservation. Engaging a Certified Financial Planner ensures expert guidance and regular portfolio reviews. With careful planning and regular monitoring, you can achieve your financial goal and secure your daughter’s future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 13, 2024

Asked by Anonymous - Sep 07, 2024Hindi

Money

I have 1 crore where can i invest to get bigger returns

Ans: Depends on your age, risk appetite, time horizon.

If your investment horizon is 1-3 years you may invest Balanced advantage fund

If your investment horizon is 3-5 years you may invest in equity savings fund

If your investment horizon is above 5 years then you may invest in flexicap fund.

You may do single lumpsum or spread your investments over 10 months(10Lac per month) to get some benefit of cost averaging.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

Happy Investing

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 25, 2024

Question by Dinesh - Oct 25, 2024Hindi

Money

Which pany shear to invest 1 lakhs after 3 years get 5cr return kindly help me

Ans: Hello;

If somebody has told you that stock market is a casino then be sure that you are being missguided.

It is an investment avenue for long term wealth creation.

Some people may have made quick money in stock markets but then they get greedy and they want more quick gains only to lose existing gains plus capital.

Do not fall for such gimmicks.

Invest systematically through mutual funds as per your risk profile, requirement and time horizon.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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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

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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.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
• Alder Hey International Fellowship Scheme (Anaesthetics)
• Betsi Cadwaladr University Health Board - BCUHB IMG Sponsorship Scheme
• BAPIO Training Academy Ltd – BTA International Fellowship Scheme
• BAPIO Training Academy Ltd – International Training Programme for Postgraduate Doctors
• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
• Barking Havering and Redbridge University Hospitals NHS Trust - BHRUT Sponsorship Scheme for Overseas Doctors in Clinical Radiology
• Birmingham and Solihull Mental Health NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry (Birmingham)
• Birmingham Women’s and Children’s Hospital – Birmingham Women’s and Children’s International Medical Graduate sponsorship scheme
• Bradford District Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Cambridge IVF, Cambridge University Hospitals NHS Trust – IVF Senior Clinical Fellowship Scheme
• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
• Canterbury Christ Church University
• Cumbria Northumberland Tyne and Wear NHS Psychiatry Fellowship Programme
• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
• Dudley Group NHS Foundation Trust
• East Lancashire Hospitals NHS Trust - Clinical Fellowship in Urology or Ophthalmology
• East Lancashire Hospital NHS Trust - Specialist Clinical Fellowship in Pain Management
• East London NHS Foundation Trust (ELFT) – ELFT Advanced International Fellowship in Psychiatry
• East Suffolk and North Essex NHS Foundation Trust – ICENI Centre Fellowships Programme
• Edge Hill University and Wrightington, Wigan and Leigh NHS Trust – International Training Fellowships in MCh programmes
• ENT UK – Royal College of Surgeons
• Essex Partnership University NHS Foundation Trust – EPUT Advanced Fellowship in Psychiatry
• Frimley Health NHS Foundation Trust – International Fellowship in Regional Anaesthesia combined with MSc in Principles of Regional Anaesthesia at the University of East Anglia
• Great Ormond Street Hospital International Fellowship Programme
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Critical Care
• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Obstetrics and Gynaecology
• Guy’s and St Thomas’ NHS Hospitals Foundation Trust – Oncology Specialty Training
• Guy's and St Thomas' NHS Hospitals Foundation Trust – Specialty Training in Anaesthetics
• Harefield Hospital, Royal Brompton and Harefield NHS Trust – Anaesthesia and Critical Care
• Hertfordshire Partnership University NHS Foundation Trust
• Hull University Teaching Hospitals NHS Trust – International Fellows at Hull University Teaching Hospitals NHS Trust
• Humber Teaching NHS Foundation Trust - Sponsored International Fellowship Scheme in Psychiatry
• Imperial College Healthcare NHS Trust – Emergency Medicine
• Imperial College Healthcare NHS Trust – Haematology
• Imperial College Healthcare NHS Trust – International Anaesthesia Trainees
• Imperial College Healthcare NHS Trust – Intensive Care Medicine
• Imperial College, London - Clinical Research
• King’s College Hospital NHS Trusts – International Critical Care Fellowship
• King’s College Hospital NHS Trusts – Paediatric Critical Care Fellowship
• Lancashire & South Cumbria NHS Foundation Trust - Psychiatry specialty Fellowship Scheme
• Lancashire Teaching Hospitals NHS Trust - Overseas Registrar Development and Recruitment (ORDER)
• Leeds Teaching Hospitals NHS Trust – International Fellowship Programme
• Leicestershire Partnership NHS Trust – International Medical Fellowship Programme in Psychiatry
• Lincolnshire Partnership NHS Foundation Trust – CESR Fellowship in Psychiatry or Sponsored Fellowship in Psychiatry
• Lysholm Dept of Neuroradiology – National Hospital for Neurology and Neurosurgery, UCL
• Manchester University NHS Foundation Trust – International Fellowship Programme
• Midlands Partnership NHS Foundation Trust
• Ministry of Defence – International Military Clinical Fellowships
• Modality Partnership - Modality Primary Care International Fellowship Scheme
• NAViGO Health and Social Care CIC – International Medical Fellowship in Psychiatry
• NHS England, East of England - East of England International Office GMC Sponsorship
• NHS Fife – CESR Fellowship Programme in Psychiatry
• NHS Grampian – Psychiatry CESR Fellowship Programme
• NHS Grampian – Multi-specialty SAS Fellowship
• 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
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• Royal College of Anaesthetists – MTI Scheme
• Royal College of Emergency Medicine
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• Royal College of Paediatrics and Child Health – MTI Scheme
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• Royal College of Physicians and Surgeons of Glasgow
• Royal College of Psychiatrists – MTI Scheme
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• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
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• 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
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• St George’s University Hospitals NHS Foundation Trust – International Anaesthetics Fellowship Programme
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• 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

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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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