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27-Year-Old Earning 32k/Month: How Much to Save for Retirement at 50?

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 27, 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 - Jul 16, 2024Hindi

Money

I am 27 years old man. My salary is around 32k per month. I have started SIP of 6K in 2022 jan. I have also taken team insurance and health insurance for which i have to give 25k per year for 15 years. I have no loan or anything. I want to retire at the age of 50. Please suggest me how much amount is sufficient.

Ans: Current Situation
Age: 27 years
Monthly Salary: Rs. 32,000
SIP: Rs. 6,000 per month (started in January 2022)
Insurance: Rs. 25,000 per year for term and health insurance
Loans: None
Retirement Goal: Age 50
Estimating Retirement Corpus
Assessing Future Expenses
Current Monthly Expenses: Estimate your current monthly expenses. This will help project future needs.

Inflation Adjustment: Account for inflation. Assuming a 6% annual inflation rate, your expenses will increase significantly over time.

Retirement Duration: Estimate the number of years you will need your retirement corpus. If you retire at 50 and live until 80, you need 30 years of support.

Investment Strategy
Systematic Investment Plan (SIP)
Increase SIP Contributions: Gradually increase your SIP amount as your salary increases. This will boost your retirement corpus.

Diversified Funds: Invest in a mix of large-cap, mid-cap, and small-cap funds. This balances growth potential and risk.

Public Provident Fund (PPF)
Stable Returns: Consider opening a PPF account. It offers stable, tax-free returns and helps in building a secure retirement corpus.

Regular Contributions: Aim to contribute the maximum permissible amount each year (Rs. 1.5 lakhs).

National Pension System (NPS)
Additional Security: Invest in NPS for additional retirement savings. It provides a mix of equity and debt exposure with tax benefits.
Emergency Fund
Liquidity: Maintain an emergency fund covering at least 6 months of expenses. This ensures you don't dip into retirement savings for emergencies.
Insurance
Term Insurance
Adequate Coverage: Ensure your term insurance coverage is sufficient to support your family in case of unforeseen events.

Review Periodically: Review and adjust your coverage as your financial situation changes.

Health Insurance
Comprehensive Coverage: Ensure your health insurance policy provides comprehensive coverage for medical expenses.

Regular Payments: Continue paying the annual premium to keep your coverage active.

Calculating Required Corpus
Estimation Without Specific Calculations
Monthly Expenses Projection: Assume your current monthly expenses are Rs. 20,000. With 6% inflation, expenses will be higher at retirement.

Retirement Corpus: To sustain Rs. 20,000 monthly expenses adjusted for 6% inflation, you need a substantial retirement corpus.

Final Insights
Start Early: You have a good start with your SIP. Continue and increase contributions as your salary grows.

Diversify Investments: Balance between equity and debt for optimal growth and stability.

Regular Reviews: Periodically review your portfolio and adjust as needed.

By following these strategies, you can build a sufficient corpus to retire comfortably at 50.

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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Question by Bhavaniprasad - Sep 19, 2023Hindi

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My name is Bhavaniprasad & I am an Engineer by profession and my age is 34 yrs as of now. I want to retire at 55 years by accumulating sufficient money. In today's terms it could be 1.50 Crores. What amount is required to retire after 21 years? Now I have Rs. 1.00L premium policy in LIC Of India and SIP Rs. 1000/- per Month in SBI Small Cap Fund. Please suggest a way out.

Ans: Hello Bhavaniprasad and thanks for writing to me. I only discuss mutual funds in this column and would restrict myself to the same in this answer.

After adjusting for inflation at 6% per annum, you will need a corpus of around 5 Crore in 21 years.

To create this corpus, you need to invest Rs.45,000 every month. You can consider beginning SIP's in:
1-DSP Quant Fund: Rs.9,000
2-Edelweiss NIFTY 100 Quality 30 Index Fund: Rs.9,000
3-SBI Focused Equity Fund: Rs.9,000
4-Axis Bluechip Fund-Rs.9,000
5-UTI Focused Equity Fund-Rs.9,000

Frequent rebalancing is essential to ensure that you are on the right track. I recommend you to consult a financial advisor who can help you plan and rebalance your portfolio and recommend an asset mix for you keeping in mind your specific needs.

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Question by Bhavaniprasad - Sep 19, 2023Hindi

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My name is Bhavaniprasad & I am an Engineer by profession and my age is 34 yrs as of now. I want to retire at 55 years by accumulating sufficient money. In today's terms it could be 1.50 Crores. What amount is required to retire after 21 years? Now I have Rs. 1.00L premium policy in LIC Of India and SIP Rs. 1000/- per Month in SBI Small Cap Fund. Please suggest a way out.

Ans: You have already decided on the target corpus in today's value at Rs 1.5 Crore. So now if the same figure provided by you is inflation-adjusted at 6% (assumed avg. inflation) for the next 21 years, the figure comes to Rs 5.1 Cr in future value. To reach this corpus, one needs to invest about Rs 51-52,000 per month (Rs 6.1+ lakh per year) at an average return of 9% per annum. This monthly/annual investment amount needs to increase ny at least 5% every year in line with the increase in your salary.

Currently, you are investing Rs 1 lakh in LIC traditional plans which can give returns of 5-6%. The equity funds can give 10-11% average returns in the long run. So to reach the target corpus, you need to increase the investments in lien with what the requirements have been suggested.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

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Question by Bhavaniprasad - Sep 19, 2023Hindi

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My name is Bhavaniprasad & I am an Engineer by profession and my age is 34 yrs as of now. I want to retire at 55 years by accumulating sufficient money. In today's terms it could be 1.50 Crores. What amount is required to retire after 21 years? Now I have Rs. 1.00L premium policy in LIC Of India and SIP Rs. 1000/- per Month in SBI Small Cap Fund. Please suggest a way out.

Ans: You have already decided on the target corpus in today's value at Rs 1.5 Crore. So now if the same figure provided by you is inflation-adjusted at 6% (assumed avg. inflation) for the next 21 years, the figure comes to Rs 5.1 Cr in future value. To reach this corpus, one needs to invest about Rs 51-52,000 per month (Rs 6.1+ lakh per year) at an average return of 9% per annum. This monthly/annual investment amount needs to increase ny at least 5% every year in line with the increase in your salary.

Currently, you are investing Rs 1 lakh in LIC traditional plans which can give returns of 5-6%. The equity funds can give 10-11% average returns in the long run. So to reach the target corpus, you need to increase the investments in line with what the requirements have been suggested.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

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Asked by Anonymous - Feb 04, 2024Hindi

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Sir i am 40 years old, wanted to retire early by 45 or 47. 1-daughter age 7. Invested 27 lac in MF, 30 lac in sbi life privilege plan ulip linked, 45 lac in EPF, 32 lac in PPF, 3 plots total worth 45 lac. Let me know how much should i need to retire in another 5 years. My monthly expenses is around 60 to 75k, pls guide me thank you.

Ans: About 2 crores

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Question by Amit - Jun 27, 2024Hindi

Money

HI, I am 34 year old working and my salary is 95000 Rs. and I have an personal loan which need to be paid for coming 5 Years which EMI is 11000 PM, apart from this I am having an Post office insurance of 5000PM , 3 SIPs quant small cap 5000PM, Nippon Large cap 3000PM, Motilal oswal Mid cap 5000 per month and one Max Niftly alpha50 10000 PM, I would like to get retire in age of 55 and would like to have around 3 crore at the time of retirement is above investment are sufficient.

Ans: Your goal to retire at 55 with a corpus of Rs 3 crore is achievable with a structured financial plan. Let's dive into the details and assess your current situation.

Current Financial Situation
You're 34 years old, earning Rs 95,000 per month. You have a personal loan with an EMI of Rs 11,000 for the next 5 years. Additionally, you have a Post Office Insurance policy with a premium of Rs 5,000 per month. Your investments include four SIPs:

A small-cap fund with Rs 5,000 per month.
A large-cap fund with Rs 3,000 per month.
A mid-cap fund with Rs 5,000 per month.
A focused equity fund with Rs 10,000 per month.
Genuine Compliments and Understanding
First, let me commend you for starting your investments early. It shows foresight and a disciplined approach towards your financial goals. Managing EMIs, insurance premiums, and SIPs simultaneously can be challenging, but you're on the right track. Let's enhance your strategy to ensure you meet your retirement goal of Rs 3 crore by 55.

Evaluating Your Investments
Small-Cap Funds
Small-cap funds have the potential for high returns, but they come with significant volatility. Given your investment horizon, they can be a good choice for capital appreciation. However, it's crucial to regularly review the fund's performance.

Large-Cap Funds
Large-cap funds offer stability and moderate returns. They invest in well-established companies, providing a balance to your portfolio. This is a solid choice for steady growth.

Mid-Cap Funds
Mid-cap funds strike a balance between the high growth potential of small caps and the stability of large caps. They are a good addition for diversification and growth.

Focused Equity Funds
Focused equity funds invest in a limited number of stocks. While they can deliver high returns, they also carry higher risk due to the concentrated portfolio. Regular performance review is essential.

The Importance of Regular Reviews
It's important to regularly review your investment portfolio. Financial markets are dynamic, and fund performance can change over time. Regular reviews help you stay on track and make necessary adjustments.

The Power of Compounding
One of the key advantages of mutual funds is the power of compounding. By investing regularly and staying invested over the long term, your investments can grow exponentially. Compounding allows your returns to generate more returns, significantly increasing your wealth over time.

Risk and Diversification
Investing in mutual funds comes with risks, such as market risk, credit risk, and liquidity risk. However, diversification helps mitigate these risks. By investing in different types of funds, you spread the risk across various asset classes and sectors.

Benefits of Actively Managed Funds
While index funds mimic the market index and provide average market returns, actively managed funds aim to outperform the market. Fund managers use their expertise to select stocks with high growth potential. Although they come with higher management fees, the potential for higher returns can outweigh the costs.

Disadvantages of Index Funds
Index funds, while low-cost, do not offer the potential for superior returns like actively managed funds. They simply track the market index and cannot outperform it. In volatile markets, this can be a disadvantage as they lack the flexibility to adapt to changing market conditions.

The Case Against Direct Funds
Direct funds have lower expense ratios compared to regular funds. However, investing through a Certified Financial Planner (CFP) provides valuable guidance. CFPs can help you select the right funds, monitor your investments, and make adjustments as needed. The expertise and personalized advice they offer can significantly enhance your investment strategy.

Your Retirement Goal: Rs 3 Crore
To achieve a corpus of Rs 3 crore by 55, it's crucial to maintain and possibly increase your current investments. Here's a detailed plan to help you stay on track:

Increase SIP Contributions: As your salary increases, consider increasing your SIP contributions. This will accelerate the growth of your corpus.

Diversify Your Portfolio: Continue diversifying your investments across different types of funds to spread risk and enhance returns.

Regular Performance Reviews: Conduct regular reviews of your investment portfolio. Rebalance your portfolio if necessary to align with your financial goals.

Maintain an Emergency Fund: Ensure you have an adequate emergency fund to cover unexpected expenses. This prevents you from dipping into your investments during emergencies.

Plan for Debt Repayment: Focus on repaying your personal loan within the next 5 years. Once repaid, redirect the EMI amount towards your investments.

Empathy and Encouragement
It's commendable that you are managing multiple financial commitments while planning for retirement. Financial planning requires discipline and patience, and you're doing a great job. Stay committed to your plan, and with regular reviews and adjustments, you'll achieve your retirement goal.

Final Insights
Retiring at 55 with a corpus of Rs 3 crore is achievable with your current investment strategy. By maintaining and increasing your SIP contributions, diversifying your portfolio, and conducting regular performance reviews, you can stay on track. Remember to leverage the expertise of a Certified Financial Planner for personalized advice and guidance.

Conclusion
Stay committed to your investment strategy, and keep your financial goals in mind. With discipline and regular reviews, you'll achieve your retirement goal and enjoy a financially secure future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

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)
• 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
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• 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
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• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
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• 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
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• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme (Psychiatry)
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• 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
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• 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
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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
• 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.

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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).

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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
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- Creamy layer
- Gender

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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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