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Sunil

Sunil Lala  |203 Answers  |Ask -

Financial Planner - Answered on May 16, 2024

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more
Asked by Anonymous - May 13, 2024Hindi
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Dear All, I am 34 years old. I have 204 lakhs as savings out of with 110 lakhs is debt and 95 lakhs in equity majorly in Large Caps. I own a real estate which fetches me 30k every month. I have a EPF corpus of 28 lakhs and PPF of 15 lakh. I have 1 year old daughter. I am debt free with independent home and a package close to 35 lakhs. I want to know how do I further allocate the money. In Mutual Fund, Gold or SSY or continue to add equity and debt. I want to be Financially independent. Your view would be of great help.

Ans: Increase your allocation in equity or equity mutual fund as you are too young and your goals are long term.
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 -

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Asked by Anonymous - Jun 26, 2024Hindi
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I am 29 years old, married with no children. I have 2 houses each valuing 1.5cr. inherited land worth 5cr. Investment in Fd 1cr, equity 70lakh, mf 30lakh, gold 100gms, ppf 51lakh(started by my father) and other investments worth 50 lakh in nsc, kvp etc. I invest 70k per month in sips (balance advantage, elss, top 100, bluechip, small and midcap). I earn monthly 1.5 lakh and household expenses including my mother's medicine is 85k. I have a young sister for whom I need 1cr after 5years. How can I plan my funds to achieve financial independence? All have health insurance and I have a term insurance of 1.75cr which will cover md till 85 years age.
Ans: You’ve built a solid financial foundation. It’s impressive, and you're already ahead in your financial journey. Let's dive into how you can achieve financial independence, secure your sister’s future, and ensure a comfortable life for your family.

Assessing Your Current Financial Position
First, let’s look at where you stand financially. You have a diverse portfolio and multiple income streams, which is fantastic. Your assets include:

Two houses worth Rs. 1.5 crore each.
Inherited land worth Rs. 5 crore.
Fixed Deposits worth Rs. 1 crore.
Equity investments of Rs. 70 lakh.
Mutual funds amounting to Rs. 30 lakh.
100 grams of gold.
PPF account with Rs. 51 lakh.
Other investments (NSC, KVP) worth Rs. 50 lakh.
Your regular investments are also strong with Rs. 70,000 per month in SIPs across balanced advantage, ELSS, top 100, bluechip, and small & midcap funds. You have a stable monthly income of Rs. 1.5 lakh, and household expenses, including your mother’s medication, are Rs. 85,000.

You also have:

Health insurance for the family.
Term insurance of Rs. 1.75 crore.
Setting Financial Goals
Your main goals are:

Achieving financial independence.
Providing Rs. 1 crore for your sister in 5 years.
Ensuring a comfortable lifestyle for your family.
Let’s break down how you can achieve these goals.

Planning for Your Sister's Future
You need Rs. 1 crore for your sister in 5 years. Here’s how you can plan:

Dedicated Investment Fund
Consider a dedicated investment plan for this goal. A mix of debt and equity can provide a balance of safety and growth. Given the 5-year timeframe, a balanced fund or a mix of short-term debt funds and bluechip equity funds could work well.

Regular Contributions
Allocate a portion of your monthly investments towards this goal. Since you already invest Rs. 70,000 per month, you might consider directing part of this to the dedicated fund. Ensure this amount grows steadily to meet the Rs. 1 crore target in 5 years.

Building Towards Financial Independence
Diversified Investment Portfolio
You already have a well-diversified portfolio. Continue to diversify across different asset classes. Your current mix of real estate, equities, mutual funds, fixed deposits, and gold is good. However, regular reviews and rebalancing of your portfolio are essential to align with market conditions and personal goals.

Increase SIP Contributions
If possible, increase your SIP contributions annually. Even a small increase can significantly impact your wealth over time. This helps in capitalizing on the power of compounding.

Emergency Fund
Ensure you have an adequate emergency fund. This should cover at least 6-12 months of your expenses. Given your expenses are Rs. 85,000 per month, aim for an emergency fund of around Rs. 10 lakh. This can be parked in a liquid fund for easy access.

Enhancing Retirement Planning
Review Your PPF and EPF
Your PPF is already substantial at Rs. 51 lakh. Continue contributing to this as it provides tax-free returns and security. If you have an Employee Provident Fund (EPF), ensure regular contributions there as well.

Long-term Equity Investments
Equities are vital for long-term growth. Continue your investments in diversified mutual funds. Focus on funds with a good track record and consistent performance. Avoid direct stocks unless you have the expertise.

Avoid Annuities and Real Estate
Avoid annuities due to lower returns and lack of flexibility. Also, real estate as an investment can be illiquid and involve high transaction costs.

Insurance and Risk Management
Health Insurance
Your family’s health insurance is crucial. Ensure the coverage is adequate to handle any medical emergencies without depleting your savings.

Term Insurance
Your term insurance of Rs. 1.75 crore is good. It provides a safety net for your family in case of any unforeseen events. Ensure this coverage remains adequate as your financial obligations grow.

Tax Efficiency
Optimize Tax Savings
Make the most of tax-saving instruments. Continue investing in ELSS, which offers tax benefits under Section 80C. Also, consider other tax-saving avenues like NPS for additional benefits.

Tax-efficient Investments
Choose investments that offer tax efficiency. For instance, PPF and ELSS provide tax-free returns. Balanced funds and long-term equity investments are also tax-efficient.

Regular Financial Review
Annual Review
Conduct an annual review of your financial plan. Assess the performance of your investments and make necessary adjustments. This ensures you stay on track to meet your financial goals.

Consult a Certified Financial Planner
Consider consulting a Certified Financial Planner for personalized advice. They can provide insights tailored to your financial situation and goals.

Avoid Common Pitfalls
Disadvantages of Index Funds
Index funds may not always beat inflation or provide superior returns. Actively managed funds, with professional management, can offer better returns and adjust to market changes.

Disadvantages of Direct Funds
Direct funds require active management and market knowledge. Investing through a Mutual Fund Distributor (MFD) with CFP credentials offers professional guidance and better fund selection.

Conclusion
You've done an excellent job building a strong financial base. With a few adjustments and strategic planning, you can achieve financial independence and secure your sister’s future.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

..Read more

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

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

Asked by Anonymous - Jul 02, 2024Hindi
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Hi i am 33 yr old male. With monthly in hand salary of 1.2 lakh. I have mutual fund of 3.5lakh. PF is around 8 lakh PPF is around 1 lakh and NPS of 2lakh. I invest aroud 10k per month in sip and 50k in NPS per year . And PPF varies from 20-40k per year . I have a loan of 36lakh(home loan) . I have a baby boy of 2 yrs. Currently the home i bought is under construction so i need to pay EMI and Rent which is around 48k per month.My monthly expence is around 65K excluding rent and emi . Requesting you to please guide me in How can i manage to create a fund for my child education and manage my retirement fund
Ans: First, let's take stock of your current financial position. You have a monthly salary of Rs 1.2 lakh. Your investments include Rs 3.5 lakh in mutual funds, Rs 8 lakh in PF, Rs 1 lakh in PPF, and Rs 2 lakh in NPS. You also have a home loan of Rs 36 lakh and a young child to support. Your monthly expenses are Rs 65,000, excluding rent and EMI, which are Rs 48,000 combined.

Your commitment to investments is commendable, with Rs 10,000 in SIPs monthly, Rs 50,000 annually in NPS, and varying contributions to PPF.

Prioritizing Financial Goals
To manage your finances effectively, it's crucial to prioritize your goals. Your primary objectives are:

Creating a fund for your child's education.

Building a robust retirement corpus.

Child's Education Fund
Education costs are rising, so planning early is essential. Here's a step-by-step approach:

Estimating Future Education Costs
Estimate the future cost of your child's education. Consider factors like inflation and the type of education you aim for. Generally, education costs double every 7-8 years.

Investment Options for Education Fund
Mutual Funds: Continue with your SIPs. Consider allocating more to equity mutual funds for higher returns, especially if you have a long investment horizon.

PPF: This is a safe investment with tax benefits. Keep contributing, but prioritize higher-return options for long-term goals.

Sukanya Samriddhi Yojana: If you have a girl child, this scheme offers good returns and tax benefits.

Diversification
Diversify your investments. Don't rely solely on one investment type. Balance between equity, debt, and other instruments.

Building a Retirement Corpus
Retirement planning requires a disciplined and strategic approach. Here’s how you can strengthen your retirement fund:

Assessing Retirement Needs
Estimate your post-retirement expenses. Consider inflation, healthcare costs, and lifestyle changes. This helps in setting a realistic retirement corpus target.

Investment Strategies for Retirement
Employee Provident Fund (EPF): Continue with EPF as it offers a secure, long-term investment with tax benefits.

Public Provident Fund (PPF): Maintain your contributions to PPF for its safety and tax benefits.

National Pension System (NPS): Your current Rs 50,000 annual contribution is good. Consider increasing this amount as your income grows.

Mutual Funds: Invest in a mix of equity and debt funds. Equity funds offer higher returns but come with higher risks. Debt funds provide stability.

Systematic Investment Plan (SIP): Increase your SIP contributions gradually. This will help in compounding your investments over time.

Managing Home Loan and Rent
Paying both EMI and rent is a significant financial burden. Here are some suggestions:

Reducing Loan Tenure
If possible, make prepayments on your home loan. This reduces the tenure and interest burden. Use bonuses or windfalls for this purpose.

Budgeting and Expense Management
Review and cut down unnecessary expenses. Create a monthly budget and stick to it. This helps in freeing up more funds for investments.

Insurance and Emergency Fund
Having adequate insurance and an emergency fund is crucial. Here's what you need to consider:

Life Insurance
Ensure you have sufficient life insurance coverage. Term insurance is a good option as it offers high coverage at low premiums.

Health Insurance
Adequate health insurance is essential to cover medical emergencies without dipping into savings.

Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of expenses. This provides a financial cushion during unforeseen events.

Regular Review and Adjustment
Financial planning is not a one-time activity. Regularly review and adjust your investments based on changing goals, market conditions, and personal circumstances.

Annual Review
Conduct an annual review of your financial plan. Assess the performance of your investments and make necessary adjustments.

Consulting a Certified Financial Planner
Consider consulting a Certified Financial Planner (CFP) for personalized advice. They can provide tailored solutions based on your financial situation and goals.

Balancing Risk and Returns
Balancing risk and returns is crucial for a robust financial plan. Here’s how to manage it effectively:

Risk Tolerance
Understand your risk tolerance. Younger investors can afford higher risks for potentially higher returns. As you near your goals, shift towards safer investments.

Diversified Portfolio
Diversify your portfolio across asset classes. This reduces risk and enhances potential returns.

Utilizing Tax Benefits
Leverage tax-saving investment options to reduce your tax liability. Here's how:

Section 80C Investments
Invest in instruments eligible for tax deduction under Section 80C, such as PPF, EPF, and ELSS mutual funds.

NPS Tax Benefits
NPS offers additional tax benefits under Section 80CCD(1B) for contributions up to Rs 50,000.

Avoiding Common Pitfalls
Avoiding common financial mistakes can save you from future troubles. Here are some to watch out for:

High-Interest Loans
Avoid high-interest loans like credit cards or personal loans. Prioritize clearing these debts if you have any.

Impulsive Investments
Avoid making impulsive investments without proper research. Stick to your financial plan.

Encouragement and Appreciation
Your proactive approach to financial planning is commendable. Balancing multiple financial goals while managing a family and loan is challenging, but your dedication is evident. Keep up the good work, and remember, small consistent efforts lead to significant financial stability over time.

Final Insights
Securing your child's education fund and building a retirement corpus requires a strategic, disciplined approach. Prioritize your goals, diversify your investments, and regularly review your financial plan. By following these steps, you can achieve financial stability and ensure a secure future for your family.

Keep up the great work, and feel free to reach out for further guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 20, 2024

Asked by Anonymous - Aug 18, 2024Hindi
Money
Hi, Im 42 year male and we are a family of 4. I have 2 kids 13 year boy and 6 year Girl, my wife is also working and together we make approx with a monthly income of 3.5 Lkhs. We have personal loans approx monthly 1.75 lakhs and there is 6 more years to clos. Additional 20 Lakhs loan is there with EMI of 25000 INR (19 more years pending). Please note that I have taken 2 CR Term (untill 70 yrs) , 2 Lkhs investment in Mutual fuds another 2 Lakhs investments in Stocks.(im new to Mutual funds and stocks) Also couple of investments in Plots. I dont own a house however we are with my parents in their house. As far as expenses are concerned 25-30% goes from our earnings monthly. I need advice on how to secure the future of my kids and ourselves such as Kids education related investments, pension planning, medical insurances etc. What should be the allocation I have to make. Thanks in advance.
Ans: At 42, you and your wife have a stable monthly income of Rs. 3.5 lakhs. Your monthly commitments include Rs. 1.75 lakhs in personal loan EMIs, Rs. 25,000 for a separate loan, and 25-30% of your income goes toward household expenses. You have term insurance worth Rs. 2 crores, Rs. 2 lakhs each in mutual funds and stocks, and investments in plots. However, you do not own a house and live with your parents.

This is a strong starting point, but let's fine-tune your financial plan to secure your future and that of your children.

Review of Current Debt Situation
Your current loans, totaling Rs. 1.75 lakhs monthly for personal loans and Rs. 25,000 for another loan, are significant. The personal loan has six years left, while the other loan extends for 19 more years.

Action: Prioritize debt repayment. Focus on clearing the higher-interest personal loans as soon as possible. This will free up a substantial portion of your income for investments.

Recommendation: Avoid taking new loans until existing ones are cleared. This will prevent any unnecessary strain on your finances.

Term Insurance Review
You have wisely secured term insurance of Rs. 2 crores until 70 years of age. This is a good safety net for your family.

Sufficiency Check: Ensure that this coverage is enough to support your family in your absence. Consider increasing it if your liabilities or responsibilities grow.

Note: There is no need for ULIPs or other insurance-linked investment products. Continue with term insurance and focus on pure investments separately.

Investment in Mutual Funds and Stocks
You have started with Rs. 2 lakhs in mutual funds and Rs. 2 lakhs in stocks. Since you are new to both, it's essential to proceed with caution.

Mutual Funds: Stick to mutual funds rather than direct stocks. Mutual funds, particularly actively managed ones, provide professional management and diversification. This reduces risk and increases the potential for returns.

Direct Stocks: Direct stock investments require a deep understanding and time commitment. Given your busy schedule and existing commitments, it's safer to focus on mutual funds.

Action: Increase your SIPs in mutual funds. Begin with an additional Rs. 10,000 to Rs. 20,000 per month. Focus on equity mutual funds for long-term growth. These funds will serve as a robust foundation for future financial goals.

Education Planning for Your Children
Your children, aged 13 and 6, will need substantial funds for their education in the coming years. Education costs are rising rapidly, so planning is crucial.

Long-Term Planning: Start dedicated SIPs for each child's education. The amount you set aside should be based on projected costs for higher education. Consider allocating Rs. 10,000 to Rs. 20,000 per month per child. Equity mutual funds are ideal for this goal.

Use of Existing Investments: Part of your existing investments can be earmarked for this purpose. Regularly review and adjust based on the progress of your funds.

Retirement and Pension Planning
You and your wife need to start thinking about your retirement. You have around 18 years until retirement, giving you ample time to build a strong corpus.

Retirement Corpus: Begin investing Rs. 20,000 to Rs. 30,000 per month in mutual funds dedicated to retirement. Focus on equity mutual funds, as they offer the potential for higher returns over the long term.

Avoid Direct Stocks: Given the long-term nature of retirement planning, it's advisable to avoid direct stocks. They are riskier and require constant monitoring.

Pension Planning: Consider the National Pension System (NPS) as part of your retirement planning. It offers tax benefits and a steady stream of income post-retirement.

Medical Insurance
Securing adequate medical insurance is vital for protecting your family from unforeseen health expenses.

Current Situation: Assess your current health insurance coverage. Ensure it covers all family members, including your parents if they are dependent on you.

Enhancement: Consider a family floater policy with a sum insured of at least Rs. 10 lakhs. Add a top-up plan for additional coverage. Ensure that critical illness cover is also included.

Action: Allocate around Rs. 10,000 to Rs. 15,000 annually for comprehensive health insurance. This will safeguard your financial goals from being derailed by medical emergencies.

Future Home Purchase Considerations
While you currently live with your parents, owning a home might be on your mind.

Recommendation: Delay any home purchase until your debts are significantly reduced. This will allow you to build a larger down payment and reduce the need for a substantial home loan.

Current Focus: Instead, focus on clearing existing loans and building a strong investment portfolio.

Final Insights
Your financial situation is strong, but there’s room for optimization. Focus on clearing debt, increasing SIPs in mutual funds, and ensuring you have adequate insurance coverage. Prioritize your children's education and your retirement planning. By sticking to mutual funds and avoiding the complexity of direct stocks, you can build a stable and growing portfolio that will secure your family’s future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Dr Nagarajan Jsk

Dr Nagarajan Jsk   |183 Answers  |Ask -

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).
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• 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.

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

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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

...Read more

Money
Kanchan

Kanchan Rai  |444 Answers  |Ask -

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

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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.

...Read more

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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

...Read more

Money
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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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