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How To Build a 1cr Portfolio At 25 Years Old With 35k Salary: Reader's Dilemma

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 23, 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

Question by Akram on Jul 09, 2024Hindi

Money

Sir I want 1cr in my bank Account And now im 25 years old Im Doing a job and my Salary 35000 I have some Investment Iike I have 3 mutual funds 1Small cap, 1Large&Midcap and 1Nasdeque 100, Im Investing 10000/Month In Mutual funds, I also have Some Some Stocks And My All Stocks are Small and Midcap and Portfolio value 6L Now I also Investing on Cryptocurrency and my Cryptocurrency Portfolio value Now 2L 1Thousand .Plz Guide me to make 1cr

Ans: First, congratulations on starting your investment journey early. At 25 years old, you have a significant advantage: time. Your investments, if managed wisely, can grow substantially over time, allowing you to achieve your financial goals. Let's evaluate your current situation:

Salary: Rs 35,000 per month.
Monthly Mutual Fund Investments: Rs 10,000.
Mutual Fund Portfolio: Small Cap, Large & Mid Cap, and International Equity (Nasdaq 100).
Stock Portfolio: Rs 6 lakhs, primarily in Small and Mid Cap stocks.
Cryptocurrency Portfolio: Rs 2.01 lakhs.
You’ve taken steps in the right direction by diversifying your investments. However, achieving Rs 1 crore will require a more focused and disciplined strategy.

Analyzing Your Investment Portfolio
Mutual Funds
Your current monthly investment of Rs 10,000 in mutual funds is a strong start. Diversifying across different categories is a smart approach that balances growth and risk.

Small Cap Funds: These funds offer high growth potential but come with high volatility. If your risk tolerance allows, continuing with small-cap investments can be beneficial for long-term wealth creation.

Large & Mid Cap Funds: These funds strike a balance between stability and growth. They should remain a core part of your portfolio as they perform well across different market cycles.

International Equity Fund (Nasdaq 100): Investing in international markets provides diversification benefits. However, they can be volatile due to currency fluctuations and global economic conditions. It's important to limit exposure based on your overall risk appetite.

Direct Stock Investments: A Rethink
While holding direct stocks can be exciting, it may not be the most prudent choice for long-term wealth creation, especially for someone at your stage in the investment journey.

High Risk and Volatility: Direct stocks, especially in the small and mid-cap categories, are highly volatile. Predicting the performance of individual stocks can be difficult and requires extensive research.

Better Focus on Mutual Funds: Instead of managing direct stocks, it’s wiser to channel your investments into mutual funds. They offer professional management, diversification, and the potential for steady returns without the need for constant monitoring.

Time and Expertise: Managing a stock portfolio requires significant time and expertise. Mutual funds, managed by experienced fund managers, allow you to benefit from professional research and decision-making.

Cryptocurrency Portfolio
Your cryptocurrency portfolio is valued at Rs 2.01 lakhs. Cryptocurrencies can offer high returns, but they are extremely volatile and speculative. It's advisable to limit your exposure to cryptocurrencies to a small percentage of your overall portfolio to manage risk.

Setting a Goal: Rs 1 Crore
To accumulate Rs 1 crore, a structured approach is essential. Here’s a step-by-step guide:

1. Increase SIP Contributions
Currently, you are investing Rs 10,000 per month. To reach Rs 1 crore faster, consider increasing your SIP contributions gradually. Even a small increase of Rs 1,000 per year can significantly impact your portfolio over time.

2. Focus on Long-Term Growth
With time on your side, focus on long-term investments. Avoid frequent withdrawals or switches. Let your investments compound over time, which is key to reaching your goal.

3. Regular Portfolio Review
While your current fund selection is solid, it’s important to review your portfolio regularly. Ensure that the funds you have chosen continue to perform well. Consider consulting a Certified Financial Planner to review your portfolio annually.

4. Rebalance Your Portfolio
As your investments grow, your portfolio may become unbalanced. For instance, if your small-cap funds outperform, they might take up a larger portion of your portfolio. Rebalancing your portfolio periodically ensures that it aligns with your risk tolerance and financial goals.

Evaluating Risks and Diversification
Avoid Over-Exposure to Risky Assets
Small Cap Funds: While these can offer high returns, they are also highly volatile. Ensure they do not dominate your portfolio. Diversify into large-cap funds for added stability.

Cryptocurrency: Given the speculative nature of cryptocurrencies, limit your exposure to avoid significant losses. A small allocation is fine, but your primary focus should remain on more stable investments.

Focus on Active Fund Management
Actively managed funds can outperform passive index funds, especially in a volatile market. Certified Financial Planners recommend actively managed funds for their ability to adapt to market changes and capitalize on opportunities. They may have higher expense ratios, but the potential for higher returns can justify the costs.

Regular Fund vs. Direct Fund Investments
Investing through a Certified Financial Planner in regular funds can provide you with expert guidance. Direct funds may seem cheaper due to lower expense ratios, but the lack of professional advice can lead to suboptimal investment decisions. A Certified Financial Planner helps in selecting the right funds, monitoring their performance, and rebalancing your portfolio as needed.

Additional Considerations
Emergency Fund
Before increasing your investments, ensure that you have an adequate emergency fund. An emergency fund should cover at least 6 months of your living expenses. This fund should be kept in a liquid and safe instrument, like a savings account or a liquid mutual fund.

Insurance Coverage
At your age, it’s crucial to have adequate insurance coverage. Ensure you have a term insurance policy to protect your financial dependents in case of an unfortunate event. Health insurance is also essential to cover any medical emergencies without impacting your savings.

Avoid Debt
Avoid taking on unnecessary debt. If you have any existing debt, prioritize paying it off. High-interest debt, like credit card debt, can significantly hinder your ability to save and invest. Keeping your finances debt-free will help you accumulate wealth faster.

Final Insights
Achieving Rs 1 crore requires discipline, patience, and smart financial planning. You’ve made a strong start by investing early and diversifying your portfolio. Now, focus on increasing your SIP contributions, balancing your risk exposure, and regularly reviewing your portfolio. Consulting a Certified Financial Planner can further enhance your strategy and help you stay on track. Remember, consistency is key. With disciplined investing, you can achieve your financial goals.

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 Jun 05, 2024

Asked by Anonymous - May 21, 2024Hindi

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Hello sir I am single mother of two kids ( one is 7 years old and second is 5 years old) I am investing in mutual funds since 2020 1.) axis ELSS tax saver fund 5k 2.) Axis flexi cap fund 5k 3.) Axis focused fund 5k 4.)kotak flexi cap fund 2.5k 5.) mirae asset large cap fund 2.5k Recently I added three more fund in portfolio Quant small cap fund 2.5k ICICI prudential multi asset fund 1k Aditya Birla sun life PSu EQuity fund 1k Can u pls suggest me is it possible to make 1cr in next 7 years ? And have 15 lakh emergency fund

Ans: Achieving Your Financial Goals: A Detailed Plan for a Single Mother of Two

First of all, I commend you on taking the initiative to invest in mutual funds since 2020. It's impressive and shows your commitment to securing your financial future and that of your children. Managing finances as a single mother can be challenging, but your proactive approach is a significant first step.

Understanding Your Current Investments
Let's analyze your current investment portfolio. You have been investing in several mutual funds which are diversified across different categories:

Axis ELSS Tax Saver Fund: Rs 5,000
Axis Flexi Cap Fund: Rs 5,000
Axis Focused Fund: Rs 5,000
Kotak Flexi Cap Fund: Rs 2,500
Mirae Asset Large Cap Fund: Rs 2,500
Quant Small Cap Fund: Rs 2,500
ICICI Prudential Multi Asset Fund: Rs 1,000
Aditya Birla Sun Life PSU Equity Fund: Rs 1,000
Your portfolio is a mix of large-cap, small-cap, multi-cap, and tax-saving funds. This diversification is good, but we need to ensure it aligns with your goals.

Evaluating Your Financial Goals
1. Goal: Accumulating Rs 1 Crore in 7 Years
To accumulate Rs 1 crore in 7 years, let's first understand the required rate of return. Assuming you continue to invest Rs 24,500 monthly, we need to calculate the growth rate needed to reach Rs 1 crore.

2. Goal: Building a Rs 15 Lakh Emergency Fund
An emergency fund is essential, especially for a single mother. It provides a safety net for unexpected expenses.

Analysing Your Investment Portfolio
1. Portfolio Composition
Your portfolio has a mix of equity mutual funds with varying risk levels. Equity funds generally offer high returns over the long term but come with higher risks.

2. Risk Assessment
Since your goal is to accumulate Rs 1 crore in 7 years, you need a higher exposure to equity. However, it's crucial to balance risk and ensure the portfolio suits your risk tolerance.

Expected Returns and Required Growth Rate
1. Calculating the Future Value of Your Current Investments
To calculate whether you can reach Rs 1 crore, we need to estimate the future value of your investments. Assume an average annual return of 12% for your equity investments.

2. Estimating the Emergency Fund Growth
Your emergency fund should be kept in low-risk instruments. Debt mutual funds or liquid funds are suitable for this purpose, offering stability and liquidity.

Strategies to Reach Your Financial Goals
1. Maximising Returns on Existing Investments
Regular Monitoring and Rebalancing: Ensure you review your portfolio at least once a year. Rebalance based on performance and goals.
Invest in High-Growth Funds: Focus on funds with a strong performance history. Avoid sector-specific or highly volatile funds.
2. Emergency Fund Allocation
Debt Mutual Funds: Allocate a portion of your savings to debt mutual funds for stability.
Liquid Funds: Consider liquid funds for their high liquidity and low risk.
Detailed Analysis of Your Investments
1. Axis ELSS Tax Saver Fund
ELSS funds provide tax benefits under Section 80C. They come with a lock-in period of three years, offering potential high returns due to equity exposure.

2. Axis Flexi Cap Fund and Axis Focused Fund
These funds provide diversified equity exposure, investing across market caps. They offer a balanced approach to risk and return.

3. Kotak Flexi Cap Fund and Mirae Asset Large Cap Fund
Flexi cap and large-cap funds invest in stable, large companies. They provide relatively lower risk compared to mid or small-cap funds.

4. Quant Small Cap Fund
Small-cap funds can deliver high returns but come with significant risk. Suitable for long-term goals with high-risk tolerance.

5. ICICI Prudential Multi Asset Fund
This fund invests in a mix of asset classes, including equity, debt, and gold. It provides diversification and reduces risk.

6. Aditya Birla Sun Life PSU Equity Fund
Invests in public sector companies, which might be volatile but can offer high returns if the sector performs well.

Future Projections and Adjustments
1. Projections Based on Current Investments
Assuming a 12% annual return, you need to regularly invest and monitor the performance to stay on track.

2. Adjustments and Rebalancing
Periodically rebalance your portfolio to adjust for market changes and to align with your goals.

Planning for Children's Education and Other Goals
1. Education Fund
Start a separate fund for your children's education. Consider child education plans or specific mutual funds targeting education savings.

2. Contingency Planning
Ensure you have adequate insurance coverage, including health and term insurance. This provides financial protection against unforeseen events.

Importance of Regular Savings and Investments
1. Systematic Investment Plan (SIP)
Continue with SIPs to instill discipline in saving and investing. SIPs average out market volatility over time.

2. Increasing Investment Amounts
As your income grows, increase your SIP amounts. This accelerates the growth of your corpus.

Seeking Professional Guidance
1. Certified Financial Planner (CFP)
Consulting a Certified Financial Planner can help tailor your investments to your goals and risk tolerance.

Understanding the Role of Active Management
1. Benefits of Actively Managed Funds
Actively managed funds aim to outperform the market through strategic stock selection. They offer the potential for higher returns compared to index funds.

2. Disadvantages of Index Funds
Index funds mirror the market and offer average returns. They lack the potential for above-market gains and are less flexible.

Revisiting and Realigning Financial Goals
1. Regular Review
Set periodic reviews of your financial goals and portfolio performance. Adjust your strategies as needed to stay on track.

2. Aligning with Life Changes
As your children grow, your financial needs may change. Be ready to adjust your investment strategy to meet new demands.

Steps to Build and Maintain an Emergency Fund
1. Setting Aside Funds
Start by setting aside a portion of your monthly income into a liquid or debt fund.

2. Maintaining Liquidity
Ensure that your emergency fund is easily accessible. Avoid locking it in long-term instruments.

Investment Strategy for Wealth Creation
1. Diversification
Continue diversifying your portfolio across different asset classes to manage risk.

2. Long-Term Perspective
Maintain a long-term perspective to ride out market volatility and achieve higher returns.

Conclusion
Your commitment to investing for your and your children’s future is commendable. With a balanced approach, regular reviews, and adjustments, you can achieve your financial goals. Building a Rs 1 crore corpus and a Rs 15 lakh emergency fund in 7 years is ambitious but achievable with disciplined investing and strategic planning.

Final Thoughts
Stay focused on your goals, maintain regular investments, and seek professional advice when needed. Your proactive approach sets a strong foundation for a secure financial 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 04, 2024

Asked by Anonymous - Sep 01, 2024Hindi

Money

I am age of 50 yrs I have done 15000 sip recently ,my salary is 65k ,I want 1cr at the time of riterment,I have one own house. Pls guide how to make.

Ans: In the absence of information on your other investments and assuming 60 as your retirement age which is ten years from now, the ?15K SIP (scheme not known) assuming 10% returns won't suffice. You will need to enhance your SIP to ?50K to reach the target of ?1 Cr after ten years(Assuming 10% return).

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 04, 2024

Asked by Anonymous - Sep 04, 2024Hindi

Money

Hi, Please suggest me best plan to achieve 1cr in next 5 years if I have the potential to invest upto 1lakh a month

Ans: Investing Rs. 1 lakh monthly for 5 years is a substantial commitment. While your goal is to achieve Rs. 1 crore, it's important to set realistic expectations. A well-diversified portfolio in a moderate-risk category might grow to around Rs. 80-85 lakhs over this period. The stock market is unpredictable, and returns depend on market conditions.

Why Rs. 1 Crore May Be Difficult to Achieve
To achieve Rs. 1 crore, your investments would need to grow at a rate that's higher than typical for moderate-risk investments. Aiming for such a high return might push you into higher-risk investments. However, these come with greater volatility and the risk of lower returns. It's essential to balance your risk tolerance with your financial goals.

Recommended Investment Strategy
Diversified Portfolio Approach
Invest in a mix of equity and debt mutual funds. This strategy balances growth potential with stability.

Equity Mutual Funds: Allocate around 60-70% of your investment here. Focus on funds with a strong track record and potential for growth.

Debt Mutual Funds: Allocate the remaining 30-40%. These funds offer stability and protect your portfolio from market volatility.

Avoiding Index Funds
Given your goal, avoid index funds. They typically track the market and may not provide the high returns needed to reach Rs. 1 crore. Actively managed funds, though more expensive, offer the potential for higher returns as they aim to outperform the market.

Direct vs. Regular Funds
If you’re considering direct funds, keep in mind their disadvantages. Direct funds have lower costs, but they require constant monitoring and active management on your part. Regular funds, managed through a Certified Financial Planner, offer the benefit of expert guidance, which is crucial for reaching your goals.

Monthly Monitoring and Adjustments
Review your portfolio regularly, ideally every quarter. Make adjustments based on market conditions and fund performance. This proactive approach ensures your investments are aligned with your goal.

Contingency Plan
Consider keeping some funds liquid for emergencies. A small portion in safer instruments like liquid funds or fixed deposits can act as a cushion in volatile markets.

Tax Efficiency
Invest in tax-efficient instruments to maximize returns. Consider the tax implications of your investments and plan withdrawals in a way that minimizes your tax liability.

Final Insights
Reaching Rs. 1 crore in 5 years with a Rs. 1 lakh monthly investment is challenging. With a well-structured, diversified portfolio and regular monitoring, you can aim to get close to your target. Focus on realistic returns and make informed adjustments along the way.

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 Oct 21, 2024

Asked by Anonymous - Oct 19, 2024Hindi

Money

I am 33 investing 30K in MF 20K in PPF 10K in NPS 10K in VPF 10K in stocks all investment are monthly, by when I will be able to achieve 1Cr.

Ans: Hello;

With this judicious blend of monthly investments you may reach 1 Cr cumulative corpus in 7 to 8 years time frame.

You can't invest in PPF more then 1.5 L pa (12.5 K per month) cumulatively in all accounts under your name.

But if the additional 7.5 K per month is towards PPF account of your spouse or any other adult member in your family then it's okay.

Happy 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

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.
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)
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• 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
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• 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
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• East Lancashire Hospital NHS Trust - Specialist Clinical Fellowship in Pain Management
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• East Suffolk and North Essex NHS Foundation Trust – ICENI Centre Fellowships Programme
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• 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
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• NHS Wales Shared Services Partnership (NWSSP) – All Wales International Medical Recruitment Programme
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• North Lincolnshire and Goole NHS Foundation Trust (NLAG) Sponsorship Programme
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• 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)
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• Oxford University Hospitals NHS Foundation Trust – Oxford University Hospitals Sponsorship Scheme
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• Royal College of Pathologists
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• 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

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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

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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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