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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 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

Question by Saiprasad on May 27, 2024Hindi

Money

I am 31 years and my wife is 28 years old. Together we have earning 1.8 lacks per month after taxes. We recently purchased home costing 85 lacks out of which 75 we opted as loan. We have ongoing car loan which having balance of 1.8 lacks now. I have SIP of 14k and emi of 82 including car and home loan. We are living rented house in Pune of 17k. How should we plan for our child education expenses along with retirement fund? I have 12 lacks as emergency fund out of which around 8 will be utilised for interior

Ans: Evaluating Your Current Financial Situation
You and your wife have a combined monthly income of Rs 1.8 lakhs after taxes. This is a solid foundation to build on.

You have recently purchased a home costing Rs 85 lakhs, with Rs 75 lakhs taken as a loan. You also have a car loan with a balance of Rs 1.8 lakhs. Your current monthly SIP is Rs 14,000, and your total EMIs for home and car loans are Rs 82,000.

Additionally, you are living in a rented house in Pune, paying Rs 17,000 per month. You have Rs 12 lakhs as an emergency fund, though Rs 8 lakhs will be used for home interiors.

Managing Your Home and Car Loans
Paying Rs 82,000 monthly for your loans is a significant expense. Prioritizing loan repayment can free up future cash flow.

Focus on reducing high-interest debt first, starting with your car loan. Once paid off, redirect these funds to other financial goals.

Adjusting Your Emergency Fund
Your emergency fund of Rs 12 lakhs will reduce to Rs 4 lakhs after home interior expenses. This is lower than the recommended 6-12 months of living expenses.

Aim to rebuild your emergency fund gradually. It provides a safety net for unforeseen circumstances.

Planning for Child Education Expenses
Start early to benefit from the power of compounding. Consider diversified investment options like child education plans or mutual funds.

Actively managed mutual funds can offer strategic growth tailored to education timelines.

Retirement Fund Planning
You need a balanced approach to build a retirement fund. Continue your SIPs but consider increasing contributions as your financial situation improves.

Explore actively managed funds for better risk-adjusted returns. These funds adapt to market changes, potentially offering higher growth.

Disadvantages of Index Funds and Direct Funds
Index funds simply track the market, lacking active management. They may not always align with your financial goals.

Direct funds require you to handle all decisions and transactions, which can be time-consuming and complex.

Benefits of Regular Funds with CFP Guidance
Regular funds managed by a Certified Financial Planner (CFP) provide expert advice and strategic planning. They can help manage your portfolio, ensuring it aligns with your goals and risk tolerance.

Diversifying Your Investments
Diversification helps manage risk. Balance your portfolio with a mix of asset classes, including equity, debt, and other instruments.

Consider large-cap and multi-cap funds for stability and growth. Actively managed funds can adjust strategies based on market conditions.

Regularly Reviewing and Adjusting Investments
Regularly review your investments to ensure they align with your goals. Rebalance your portfolio as needed to maintain the desired asset allocation.

Creating a Comprehensive Financial Plan
Work on a detailed financial plan covering short-term and long-term goals. Include debt repayment, emergency fund replenishment, child education, and retirement planning.

Conclusion
Your current financial discipline is commendable. To optimize your strategy:

Prioritize debt repayment, focusing on high-interest loans.
Rebuild your emergency fund to cover 6-12 months of expenses.
Increase SIP contributions as your financial situation improves.
Diversify your investments and consider actively managed funds.
Seek guidance from a CFP to ensure your portfolio aligns with your 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 18, 2024

Asked by Anonymous - Jun 14, 2024Hindi

Money

Me nd my wife are working couple having monthly income of 1.5 lacs combined. Age 30s, Liabilities of around 85 k per month. Investment 12.5k ppf, emergency fund created, please guide financial management for child education target doctor course fees after 20 years Buy own house in 4 to 5 years approx60 to 70 lacs with loan. Current liabilites include 15k car emi (6 lakh loan plannjng to end in 2 years) and 15k rent

Ans: Financial planning is crucial for achieving long-term goals, especially when you aim to fund your child's education and purchase a home. With a combined monthly income of Rs. 1.5 lakhs and liabilities of Rs. 85,000, it’s essential to strategically manage your finances. In this comprehensive guide, I will help you plan for your child's future education expenses, buying your own house, and managing current liabilities.

Assessing Your Current Financial Situation
Income and Expenses
Your combined monthly income is Rs. 1.5 lakhs. Current liabilities are Rs. 85,000, including Rs. 15,000 for car EMI and Rs. 15,000 for rent. This leaves you with Rs. 65,000 for savings and other expenses.

Investments and Savings
You are already investing Rs. 12,500 in PPF and have an emergency fund created. These are excellent financial habits that provide a strong foundation for future planning.

Prioritizing Financial Goals
Child's Education Fund
You aim to fund your child's education, particularly a doctor’s course, in 20 years. Medical education costs can be substantial, so starting early is beneficial.

Purchasing a Home
You plan to buy a house worth Rs. 60-70 lakhs in the next 4-5 years, with the help of a loan. This goal requires a significant amount of savings and careful financial planning.

Budgeting and Expense Management
Creating a Detailed Budget
Develop a comprehensive budget that includes all income sources, fixed expenses (like EMIs and rent), and variable expenses (like groceries and utilities). This helps in tracking your spending and identifying areas where you can cut costs.

Prioritizing Expenses
Prioritize essential expenses and identify discretionary spending that can be reduced. This might include dining out, entertainment, and other non-essential expenditures.

Tracking Expenses
Use expense-tracking tools or apps to monitor your spending. Regular tracking ensures that you stay within your budget and can make adjustments as necessary.

Managing Current Liabilities
Car Loan
You have a Rs. 6 lakh car loan with a monthly EMI of Rs. 15,000, planning to repay it in 2 years. Focus on repaying this loan quickly to free up funds for other financial goals.

Rent
Your monthly rent is Rs. 15,000. As you plan to buy a house in 4-5 years, continue to manage this expense while you save for a down payment.

Savings and Investments
Systematic Investment Plans (SIPs)
Consider starting SIPs in mutual funds. SIPs allow regular, disciplined investments that can grow over time. Choose funds that align with your risk tolerance and financial goals.

Diversified Investment Portfolio
Create a diversified investment portfolio, including mutual funds, fixed deposits, and other safe instruments. Diversification helps in managing risks and optimizing returns.

Benefits of Actively Managed Funds
Actively managed funds have professional fund managers who make investment decisions to outperform the market. These funds can provide higher returns compared to index funds, despite higher fees.

Avoiding Direct Funds
Direct funds require investors to manage their investments, which can be challenging without expertise. Investing through a Certified Financial Planner ensures professional management and better financial planning.

Planning for Child’s Education
Education Fund
Start a dedicated education fund for your child. Regular contributions to this fund will ensure you are financially prepared for their higher education.

Education Savings Plans
Consider education savings plans that offer tax benefits and long-term growth. Consult with a Certified Financial Planner to choose the right plan for your needs.

Systematic Investment Plans (SIPs) for Education
Utilize SIPs to build the education fund over time. SIPs offer the advantage of rupee cost averaging and the power of compounding, making them ideal for long-term goals.

Planning for Home Purchase
Saving for Down Payment
To buy a house worth Rs. 60-70 lakhs, save for the down payment, typically 20% of the property value. This requires disciplined saving over the next 4-5 years.

Home Loan Planning
Research home loan options and choose one with favorable terms. Look for low-interest rates, flexible repayment options, and minimal processing fees.

Loan Eligibility and Repayment
Ensure your credit score is good to qualify for a home loan. Plan your EMI payments so that they are manageable and do not strain your finances.

Long-term Financial Planning
Retirement Planning
Start planning for retirement early. The earlier you start, the more time your investments have to grow, ensuring a comfortable retirement.

Retirement Funds
Invest in retirement-specific funds like the Public Provident Fund (PPF) or Employees’ Provident Fund (EPF). These funds offer long-term growth with tax benefits.

Health and Life Insurance
Ensure adequate health and life insurance coverage. These protections are crucial for safeguarding your family’s financial future in case of unforeseen events.

Your commitment to saving and planning for your family’s future is admirable. Balancing current liabilities while planning for significant future expenses shows great financial discipline.

Managing finances while supporting a family and planning for the future can be challenging. Your proactive approach to financial planning is commendable and will benefit you in the long run.

Practical Steps for Implementation
Regular Financial Reviews
Conduct regular reviews of your financial plan. Adjust your budget and investments based on changes in income, expenses, and financial goals.

Professional Guidance
Engage a Certified Financial Planner to help you create and manage your financial plan. A CFP provides expert advice, ensuring your financial decisions align with your goals.

Family Involvement
Involve your spouse in financial planning. A collaborative approach ensures that both partners are on the same page and can work together towards common goals.

Final Insights
Balancing current liabilities with long-term financial goals requires careful planning and disciplined execution. By creating a detailed budget, prioritizing expenses, and making strategic investments, you can manage your finances effectively. Start early with your child’s education fund and retirement planning to ensure you meet these goals comfortably.

Engaging a Certified Financial Planner ensures you receive professional guidance tailored to your unique situation. Your dedication to your family’s future and financial well-being is commendable. With the right strategies and support, you can achieve your financial goals and secure a prosperous future for your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Jinal Mehta |95 Answers |Ask -Follow

Financial Planner - Answered on Jun 24, 2024

Asked by Anonymous - Jun 23, 2024Hindi

Money

Hello Sir , I am 33 yr old , now from this month will have 1.25 lacs in hand , living in metro city.I m currently paying 20 k rent but soon will buy home whose EMI will be ~48 k. I have 2 yr daughter , last yr started SSY with 2 k/month , and 6 kSIP started recently. I had to pay previously my education and then some marriage loans so not accumulated much savings. Kindly guide me , how I manage my funds , also soon my daughter's education will start So where should I spend. My monthly fix expenditure are around 50k , and currently through LIC+SIP+bhishi and other 25 k is fix outgo. So 75k is my fix outgo right now. Kindly guide how I can secure my future with retirement planning and my child education.

Ans: Firstly pay off your existing loans. We suggest that please do not commit to any of the additional investments options. If you to invest, just do a lumpsum investment on a quarterly basis with whatever excess amount you have saved.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 09, 2024

Asked by Anonymous - Jul 09, 2024Hindi

Money

Hi, I’m Abhi 34 years old, earning 1.25L monthly. I have a home loan of 20L and personal loan of 5L. Presently I am focusing on closing the personal loans and saving in MF and for home loan I keep paying emis. I got married last year and want to start family planning in 2025. I am looking for some advice on planning kid’s education, retirement fund. Also want to plan some fund for a premium car in near future apx 20L. Till now I have some 5L MF, 5L FD and a land worth 20L.

Ans: Hello Abhi,

First, let me commend you on your proactive approach towards managing your finances. Balancing loan repayments, investments, and future planning is no small feat. Let's dive into how you can effectively plan for your child's education, retirement, and your dream of owning a premium car.

Current Financial Overview
Income: Rs 1.25 lakhs per month.
Loans: Home loan of Rs 20 lakhs, personal loan of Rs 5 lakhs.
Investments: Rs 5 lakhs in mutual funds, Rs 5 lakhs in fixed deposits.
Assets: Land worth Rs 20 lakhs.
Immediate Focus Areas
Debt Management
You’re doing well focusing on closing the personal loan first. This will free up some cash flow and reduce your financial burden.

Priority: Continue prioritizing the repayment of the personal loan due to higher interest rates.
Home Loan: Keep paying EMIs regularly. Once the personal loan is cleared, you can channel additional funds towards the home loan if you wish to close it sooner.
Emergency Fund
Ensure you have a robust emergency fund. This fund should cover at least 6-12 months of your living expenses. Given your current income, setting aside Rs 7.5-10 lakhs in a liquid fund or high-interest savings account is advisable.

Investment Strategy
Mutual Funds
Mutual funds are a great way to build wealth over time. Your existing investment of Rs 5 lakhs is a good start. Let's expand on this.

Equity Mutual Funds
Continue investing in equity mutual funds for long-term growth. They are essential for beating inflation and accumulating wealth. Focus on large-cap, mid-cap, and multi-cap funds for a balanced portfolio.

Debt Mutual Funds
Include debt mutual funds for stability and predictable returns. These are less volatile compared to equity funds and are suitable for short to medium-term goals.

Fixed Deposits
Your Rs 5 lakhs in FDs is a safe investment, but the returns may not be sufficient for long-term goals. Consider diversifying a portion of these funds into more growth-oriented investments.

Planning for Child's Education
Starting a family in 2025 means planning ahead for education expenses is crucial. Education costs can be significant, especially for higher studies.

Education Fund
Start a dedicated education fund. Use a mix of equity and debt mutual funds to balance growth and safety.

Systematic Investment Plan (SIP)
Set up an SIP in mutual funds. This allows for disciplined investing and takes advantage of market fluctuations.

Sukanya Samriddhi Yojana (SSY)
If you have a girl child, consider investing in SSY for tax-free returns and government-backed security.

Retirement Planning
Retirement planning should start early to ensure you have a substantial corpus by the time you retire.

Retirement Corpus
Aim to build a corpus that can generate a steady income stream during retirement.

National Pension System (NPS)
Consider investing in NPS for retirement. It provides tax benefits and a mix of equity and debt for balanced growth.

Employee Provident Fund (EPF)
Ensure regular contributions to EPF. It offers a secure return and tax benefits.

Mutual Funds for Retirement
Continue investing in equity mutual funds. The power of compounding will help grow your retirement corpus significantly over the long term.

Planning for a Premium Car
Buying a premium car worth Rs 20 lakhs requires careful planning.

Car Fund
Create a separate fund for your car purchase. Use a mix of liquid funds and short-term debt funds for stability and easy access.

Systematic Investment Plan (SIP)
Set up an SIP in short-term debt funds. This will help you accumulate the required amount over a few years.

Risk Management
Health Insurance
Ensure you and your spouse have adequate health insurance coverage. Medical expenses can be substantial and having a good health insurance plan is crucial.

Life Insurance
Consider term insurance to cover any outstanding liabilities and provide financial security to your family. Ensure your coverage is sufficient to meet their needs in your absence.

Regular Review and Rebalancing
Financial planning is dynamic and requires regular review.

Annual Review
Review your financial plan annually. Adjust investments based on performance, market conditions, and changes in personal circumstances.

Rebalancing Portfolio
Regularly rebalance your portfolio to maintain the desired asset allocation. This ensures you are not overexposed to any single asset class and helps manage risk effectively.

Final Insights
You’re on the right track with your financial planning. By focusing on debt management, creating a solid investment strategy, and planning for future goals, you can achieve financial stability and growth.

Keep prioritizing your loan repayments and continue investing in mutual funds for long-term growth. Establish separate funds for your child’s education, retirement, and car purchase. Ensure you have adequate insurance coverage to protect your financial well-being.

Regularly review and rebalance your portfolio to stay aligned with your financial goals. Your proactive approach and disciplined investing will pave the way for a secure and prosperous future.

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 19, 2024

Asked by Anonymous - Jul 14, 2024Hindi

Money

Hi, I'm 33 yr old and have dependent house wife, 3 yr kid and both parents of 60 yr age. I've in-hand salary after tax is 1.4 Lacs per month and have 40 lac home loan for 10 yrs for a home in village, and I'm staying in rented flat in different city. No Fd, mutual funds and have 12 Lacs in pf. Current Monthly expenses of 50 thousand per month. Home Loan emi if 48k monthly. Have a life insurance of 10 lac for 20 yrs and emergency fund of 5lcs How do I plan my child education and my retirement at the age of 45 yrs.?

Ans: Current Financial Situation
You are 33 years old with a monthly in-hand salary of Rs 1.4 lakhs.

You have a dependent wife, a 3-year-old child, and parents aged 60 years.

You have a home loan of Rs 40 lakhs for 10 years, with a monthly EMI of Rs 48,000.

You live in a rented flat in a different city.

Your monthly expenses are Rs 50,000.

You have no fixed deposits or mutual funds.

You have Rs 12 lakhs in your provident fund.

You have a life insurance policy worth Rs 10 lakhs for 20 years.

You have an emergency fund of Rs 5 lakhs.

Financial Goals
Plan for your child’s education.

Retire at the age of 45.

Evaluation and Analysis
Emergency Fund
Your emergency fund is a good start. Ensure it covers at least six months of expenses.

Provident Fund
Your provident fund of Rs 12 lakhs is a secure investment. Continue contributing to it regularly.

Life Insurance
Your life insurance coverage is low. Increase it to at least Rs 1 crore to protect your family.

Home Loan
Your home loan EMI of Rs 48,000 is manageable but limits your savings capacity.

Recommendations
Increase Savings
Allocate a portion of your salary to increase your savings.

Aim to save at least 20% of your monthly income.

Child’s Education Fund
Start a Systematic Investment Plan (SIP) in a diversified equity mutual fund.

Invest Rs 10,000 per month for your child’s education.

Consider education-specific funds for better returns.

Retirement Planning
Increase your retirement corpus by starting another SIP in an equity mutual fund.

Invest Rs 20,000 per month towards your retirement fund.

Diversify into debt funds for stability as you approach retirement age.

Health Insurance
Secure a comprehensive health insurance plan for your family.

Ensure your parents are also covered under a separate health insurance policy.

Review Investments
Avoid direct mutual funds; instead, invest through a Certified Financial Planner.

Actively managed funds can offer better returns than index funds.

Reduce Debt
Aim to prepay your home loan whenever possible to reduce the interest burden.

Use any bonuses or extra income to make prepayments.

Final Insights
Your financial discipline is commendable. Increase your life insurance coverage and savings.

Start SIPs in diversified equity mutual funds for your child's education and retirement.

Secure comprehensive health insurance for your family.

Plan for home loan prepayments to reduce debt faster.

Review your investments annually with a Certified Financial Planner.

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
• 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
• Royal College of Anaesthetists – Global Fellowship Scheme (Anaesthesia or ICM)
• Royal College of Anaesthetists – MTI Scheme
• Royal College of Emergency Medicine
• Royal College of Obstetricians and Gynaecologists – MTI Scheme
• Royal College of Ophthalmologists
• Royal College of Paediatrics and Child Health – International Paediatric Sponsorship Scheme
• Royal College of Paediatrics and Child Health – MTI Scheme
• Royal College of Pathologists
• Royal College of Physicians of Edinburgh
• Royal College of Surgeons of England
• Royal College of Physicians of London
• Royal College of Physicians and Surgeons of Glasgow
• Royal College of Psychiatrists – MTI Scheme
• Royal College of Radiologists – Clinical Radiology
• Royal College of Radiologists – Clinical Oncology
• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
• Royal College of Surgeons of Edinburgh
• Royal Devon and Exeter NHS Trust
• Royal Papworth Hospital NHS Foundation Trust – Senior Clinical Fellowship Programme in Anaesthesia and Critical Care
• Royal Wolverhampton Trust – Clinical Fellowship Programme
• Sheffield Children’s NHS Foundation Trust - Rotational Clinical Fellows in Paediatrics, Trauma and Orthopaedic International Fellows, and Subspeciality Fellows in Paediatrics
• Sheffield Health and Social Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Somerset NHS Foundation Trust – Somerset Overseas Doctors Sponsorship Scheme
• Somerset NHS Foundation Trust – Psychiatry Overseas Doctors Sponsorship Scheme
• South Warwickshire University NHS Foundation Trust - GMC Multispecialty Sponsorship Scheme
• South West Yorkshire Partnership NHS Foundation Trust – International Fellowship in Psychiatry
• Southmead Hospital, North Bristol NHS Trust – International Obstetrics and Gynaecology Training Programme
• St Bartholomew’s Hospital, Barts Health NHS Trust – St Bartholomew’s Critical Care Fellowship
• St George’s University Hospitals NHS Foundation Trust – International Anaesthetics Fellowship Programme
• St George’s University Hospital NHS Foundation Trust (Dr Nirav Shah) – International Intensive Care Medicine Trainees
• St George’s University Hospitals NHS Foundation Trust – International Emergency Medicine Trainees
• Surrey and Borders Partnership (SABP) NHS Foundation Trust – International Psychiatric and Community Paediatrics Sponsorship Scheme
• Tees, Esk and Wear Valleys NHS Foundation Trust – International Psychiatric CESR or SAS Fellowship
• University College London Hospitals NHS Foundation Trust, Department of Critical Care – Clinical Fellowship Critical Care and Perioperative Medicine
• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Aug 02, 2024Hindi

Career

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

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

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

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Dec 20, 2024Hindi

Career

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

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

- Course
- Institution
- Caste
- Creamy layer
- Gender

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - Dec 21, 2024Hindi

Money

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

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

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Kanchan Rai |444 Answers |Ask -Follow

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

Question by Kevin - Dec 19, 2024Hindi

Relationship

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

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

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

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

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

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

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

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

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

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

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

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

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

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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