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Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

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
Asked by Anonymous - May 23, 2024Hindi
Money

Hi, I am 34 years old working in PSU Bank. Present Status of Investment is NPS- ? 20 lacs FDs- ? 4 lacs PPF (9 Financial years completed) - ? 9 lacs SIP- ? 1.65 lacs (Mirae Asset Midcap- 5k, Canara Robeco Small Cap- 2k, Quant Small Cap- 2k, DSP Next 50 index- 1k) LIC- ? 20 lacs SI (Guaranteed Bonus for 8 years- ? 5.84 lacs) Term Insurance and Health Insurance policy taken. Major Liabilities include Fresh Housing Loan- ? 50 lacs Car loan outstanding - ? 8 lacs I want to retire early and want to create a purely liquid corpus of ? 5-7 Cr by the age of 45 . Request you to provide financial advise in this regard.

Ans: Understanding Your Financial Situation
Your dedication to financial planning is admirable. At 34, you have already made substantial investments and have a clear goal of early retirement. Your current investments include Rs 20 lakh in NPS, Rs 4 lakh in FDs, Rs 9 lakh in PPF, and Rs 1.65 lakh in SIPs. Additionally, you have Rs 20 lakh in LIC and significant term and health insurance coverage.

Evaluating Current Investments
Your investment portfolio shows a diverse mix of instruments. Each has its strengths and contributes to your financial security. Let's evaluate each component to ensure it aligns with your early retirement goal.

NPS Investments
Your Rs 20 lakh investment in NPS is a strong foundation. NPS offers a mix of equity and debt exposure, balancing growth and stability. However, it has a lock-in period until retirement, limiting liquidity.

To create a liquid corpus, consider diversifying into more liquid investments. Consulting a Certified Financial Planner (CFP) can help optimize your NPS allocation to align with your retirement timeline.

Fixed Deposits (FDs)
FDs offer security and guaranteed returns, but they often yield lower returns compared to other investments. With Rs 4 lakh in FDs, you have a secure base. However, consider balancing this with higher-return investments to achieve your retirement goal.

Public Provident Fund (PPF)
Your Rs 9 lakh in PPF is a wise choice for tax-free, long-term savings. PPF provides stable returns and is government-backed, ensuring safety. However, like NPS, it has a lock-in period, limiting liquidity.

To reach your goal, ensure other investments are more liquid. This strategy provides both growth and accessibility.

Systematic Investment Plans (SIPs)
Your SIPs in mutual funds are a dynamic component of your portfolio. Investing Rs 1.65 lakh in various mutual funds shows your commitment to growth. Actively managed funds can offer better returns compared to index funds. Fund managers adjust portfolios based on market conditions, optimizing performance.

Direct mutual funds have lower expense ratios but require significant knowledge and time. Investing through a Certified Financial Planner (CFP) ensures professional management and better outcomes.

Life Insurance Corporation (LIC)
Your Rs 20 lakh in LIC provides a safety net for your family. However, traditional LIC policies often yield lower returns compared to other investments. Surrendering your LIC policy and reinvesting the premium amount in mutual funds can potentially yield higher returns. Mutual funds offer better growth prospects and flexibility, enhancing your financial goals. Consulting with a CFP will help you make an informed decision and optimize your investment strategy.

Managing Liabilities
Your fresh housing loan of Rs 50 lakh and car loan of Rs 8 lakh are major liabilities. Managing these loans effectively is crucial for your financial health.

Housing Loan
Housing loans typically have lower interest rates and tax benefits. Prioritize paying off high-interest debt first. Ensure your EMI payments are manageable and align with your income.

Car Loan
Car loans usually have higher interest rates. Consider paying off your car loan faster to reduce interest costs. This strategy frees up more funds for investment, helping you reach your retirement goal.

Creating a Liquid Corpus
To achieve a liquid corpus of Rs 5-7 crore by age 45, you need a strategic investment plan. Here are key steps:

Increase SIP Contributions
Increasing your SIP contributions can significantly boost your corpus. Regular, disciplined investments in mutual funds can yield substantial returns. Aim to increase your SIP amounts annually, aligning with income growth.

Diversify Investment Portfolio
Diversification spreads risk and enhances potential returns. Invest in a mix of equity and debt instruments. Actively managed funds can provide better growth opportunities. Diversify across sectors and geographies for balanced growth.

Focus on High-Return Investments
Equity mutual funds and stocks offer higher returns but come with higher risk. Balance your portfolio with a mix of high-return and low-risk investments. This strategy optimizes growth while managing risk.

Regular Review and Adjustments
Regularly reviewing and adjusting your investment plan is crucial. Monitor your portfolio's performance and make necessary changes. Stay informed about market trends and economic conditions. Consulting a CFP ensures your plan remains effective and aligned with your goals.

Building an Emergency Fund
An emergency fund covering 6-12 months' expenses provides financial security. Ensure this fund is easily accessible and separate from your main investments. This strategy protects your savings from unexpected expenses.

Ensuring Adequate Insurance Coverage
Adequate health and life insurance coverage is crucial. Review your existing policies and consider additional coverage if needed. Insurance protects your savings from unforeseen medical and life events.

Planning for Inflation
Inflation erodes purchasing power over time. Plan for inflation by investing in instruments that provide inflation-adjusted returns. Actively managed funds and equity investments can offer higher returns to combat inflation.

Conclusion
Your disciplined saving and investment approach is commendable. Balancing fixed-income investments, mutual funds, and managing liabilities ensures stability and growth. Consulting a Certified Financial Planner ensures expert guidance and optimization.

Regularly review and adjust your financial plan to stay on track. Building an emergency fund and ensuring adequate insurance coverage provide financial security. Your goal of a liquid corpus of Rs 5-7 crore by age 45 is achievable with a strategic, disciplined approach.

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

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2024

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I am 47 year old planning to retire at 55 year currently from Jan24 started investing 25000 in equity mutual fund, have 10,00,000 in ppf, will get around 25,00,000 of pf n gratuity on 55 years, I have HL emi of 22,000 for next 15 years, I want a corpus of 1Cr in 8 years my take home salary is 90,000 Pls suggest
Ans: Embarking on your journey towards retirement at 55, with a clear vision and proactive financial planning, is commendable. Let's delve into strategic steps to help you achieve your desired corpus of ?1 crore in 8 years while maintaining financial stability and security.

Harnessing the Power of Equity Mutual Funds
Your monthly investment of ?25,000 in equity mutual funds is a prudent step towards wealth accumulation. Given your 8-year horizon, continue to nurture this investment avenue, focusing on diversified funds with a track record of consistent performance and aligning with your risk tolerance.

Leveraging Existing Assets
Your investments in Public Provident Fund (PPF) and anticipated proceeds from Provident Fund (PF) and gratuity offer a solid foundation. Maximize the growth potential of these assets by exploring options like debt mutual funds or fixed income securities to optimize returns while preserving capital.

Managing Home Loan Commitments
Your home loan EMI of ?22,000 poses a financial commitment. Ensure timely repayment while exploring opportunities to accelerate loan closure through surplus income or lump-sum payments. Consider refinancing options to optimize interest rates and reduce the loan tenure if feasible.

Striving Towards Your Corpus Goal
To achieve a corpus of ?1 crore in 8 years, a disciplined approach is essential. Calculate the required monthly contribution based on your investment horizon, expected returns, and risk appetite. Aim for a balanced mix of equity and debt instruments to mitigate risks and enhance growth potential.

Optimizing Your Income
With a take-home salary of ?90,000, identify avenues to augment your income. Explore opportunities for additional streams of revenue, such as freelance work, rental income from properties, or side business ventures, to accelerate wealth accumulation and achieve your financial goals faster.

Monitoring and Adjusting Your Plan
Regularly review your investment portfolio and financial plan to ensure alignment with your goals and changing life circumstances. Adjust your strategy as needed, considering market dynamics, economic trends, and personal aspirations to stay on track towards your retirement objectives.

Collaborating with a Certified Financial Planner
Engaging with a Certified Financial Planner (CFP) will provide personalized guidance tailored to your financial aspirations and retirement goals. A CFP will assess your current financial situation, craft a comprehensive plan, and provide ongoing support to navigate the complexities of wealth management and retirement planning.

Embracing Financial Freedom
Your proactive approach towards retirement planning sets the stage for a fulfilling and financially secure future. By leveraging investment opportunities, optimizing income sources, and seeking expert advice, you're well-positioned to achieve your dream of retirement with a substantial corpus.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

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

Asked by Anonymous - Jul 06, 2024Hindi
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Money
I am earning 1.2 lakh per month. Age 29 unmarried, Money for marriage is adjusted.I have a house and planning to buy another one probably 1cr . An lic policy of yearly premium of 25k. My savings are 5 lakhs. As of now I can invest 40k per month. I want liquid corpus of 1cr by age 50 and children education planning.
Ans: Monthly Income and Savings
You earn Rs. 1.2 lakh per month.

You save Rs. 40,000 per month.

You have Rs. 5 lakhs in savings.

Your LIC policy has a yearly premium of Rs. 25,000.

Investment Goals
You want Rs. 1 crore by age 50.

You plan for your children's education.

You plan to buy a house worth Rs. 1 crore.

Investment Strategy
Invest in a mix of equity and debt funds.

Focus on actively managed funds for better returns.

Consider SIPs for regular investments.

Liquid Corpus Goal
Aim for a diversified portfolio.

Allocate funds to equity for growth.

Include debt funds for stability.

Children's Education Planning
Start early to benefit from compounding.

Invest in children's plans and education funds.

Review and adjust the portfolio regularly.

House Purchase Plan
Ensure your investments align with your house purchase goal.

Keep your house purchase timeline in mind.

Insurance and Savings
Review your LIC policy for adequacy.

Consider additional term insurance if needed.

Professional Guidance
A Certified Financial Planner can help optimize your plan.

Regularly review your portfolio with your planner.

Final Insights
Maintain a disciplined investment approach.

Regularly review and adjust your goals.

Seek professional advice when needed.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 28, 2024

Asked by Anonymous - Aug 18, 2024Hindi
Money
I am 44 with monthly income of 1.9 L per month. My current portfolio is Mutual Fund - 5 L { SIP - Rs 15000 per Month } Equity - 3 L PF - 12 L FD - 6 L NPS / PPF - 2 L Sukanya - 2 L Old Insurance policies & Ulip - Around 5 L Medical Insurance covered for family Home Loan pending - 38 L { EMI of 53000 per month } I am planning to retire by 55 and looking for a corpus of 4 Cr. Please suggest how do i proceed?
Ans: You are 44 years old with a stable income of Rs. 1.9 lakh per month. Your portfolio consists of:

Mutual Funds: Rs. 5 lakh, with a SIP of Rs. 15,000 per month.

Equity: Rs. 3 lakh in direct equity.

Provident Fund: Rs. 12 lakh, offering steady, risk-free growth.

Fixed Deposit: Rs. 6 lakh, providing secure, low-risk returns.

NPS/PPF: Rs. 2 lakh in these long-term retirement-focused instruments.

Sukanya Samriddhi Yojana: Rs. 2 lakh, a good plan for your daughter’s future.

Old Insurance Policies & ULIPs: Around Rs. 5 lakh, combining insurance and investment.

Medical Insurance: Adequate coverage for your family.

Home Loan: Rs. 38 lakh pending, with an EMI of Rs. 53,000 per month.

You aim to retire by age 55, with a target retirement corpus of Rs. 4 crore. This is an ambitious yet achievable goal with disciplined planning.

Evaluating Your Current Portfolio
Your portfolio is diversified across various asset classes. Here’s a brief assessment:

Mutual Funds: You have Rs. 5 lakh invested, with a SIP of Rs. 15,000 per month. This is a solid start, but you’ll need to increase your SIP over time to reach your goal.

Equity: Rs. 3 lakh in direct equity offers growth potential. However, direct equity requires active management and carries higher risk. Consider whether you have the time and expertise to manage this actively.

Provident Fund (PF): Rs. 12 lakh in PF provides a safe and steady return. It’s a good foundation for your retirement planning, but it alone won’t suffice to reach your Rs. 4 crore target.

Fixed Deposit (FD): Rs. 6 lakh in FD is low-risk but offers limited growth. This is useful for emergencies or short-term needs, but it won’t help much in wealth accumulation.

NPS/PPF: Rs. 2 lakh here is beneficial for long-term tax-efficient growth. Continue contributing to these, as they will form part of your retirement corpus.

Sukanya Samriddhi Yojana: Rs. 2 lakh is a smart investment for your daughter’s education and marriage expenses. This is a long-term, tax-free investment, which is beneficial.

Old Insurance Policies & ULIPs: Rs. 5 lakh here may not be optimally allocated. ULIPs often have high costs and suboptimal returns compared to mutual funds. These should be reviewed and possibly restructured.

Medical Insurance: You’ve ensured coverage for your family, which is essential. This helps safeguard your financial planning from unexpected medical expenses.

Home Loan: Rs. 38 lakh pending with an EMI of Rs. 53,000 per month is a significant commitment. This is manageable given your income but impacts your monthly cash flow. Paying this off before retirement would ease financial pressure.

Steps to Reach Your Rs. 4 Crore Retirement Corpus
To achieve a retirement corpus of Rs. 4 crore by age 55, a structured approach is necessary. Let’s break it down:

1. Increase Your SIP Contributions
Current Situation: You invest Rs. 15,000 per month in SIPs. While this is good, it’s not enough to reach your Rs. 4 crore goal.

Recommended Action: Gradually increase your SIP contributions. Aim to increase by at least 10-15% every year. As your income grows, channel a portion of the increments into your SIPs. This helps in capitalizing on the power of compounding.

Focus on Actively Managed Funds: Actively managed funds are preferable over index funds due to their potential for higher returns. Work with an MFD with CFP credentials to choose the best funds.

2. Review and Restructure Old Insurance Policies & ULIPs
Current Situation: You have Rs. 5 lakh in old insurance policies and ULIPs. These may not be the most efficient investments for wealth creation.

Recommended Action: Review these policies with your Certified Financial Planner. If they are underperforming or carrying high costs, consider surrendering them and reallocating the funds to mutual funds. This will give you better returns in the long run.

Shift Focus to Term Insurance: If you don’t have term insurance, consider getting it. Term insurance offers high coverage at a low cost, ensuring your family’s financial security without mixing insurance and investment.

3. Maximize Contributions to PPF and NPS
Current Situation: You have Rs. 2 lakh in PPF and NPS combined. These are long-term, tax-efficient investment vehicles.

Recommended Action: Maximize your contributions to PPF each year. It’s a risk-free, tax-free option with a decent return. NPS is also beneficial, especially for its tax advantages. Consider increasing your NPS contributions, especially if your employer offers matching contributions.

Diversify Within NPS: Choose an asset allocation within NPS that aligns with your risk tolerance. A mix of equity and debt within NPS can provide balanced growth and safety.

4. Pay Down Your Home Loan Strategically
Current Situation: You have Rs. 38 lakh left on your home loan, with a hefty EMI of Rs. 53,000 per month.

Recommended Action: Paying off your home loan before retirement should be a priority. You don’t want a large liability hanging over your head post-retirement. Consider making additional payments towards the principal whenever possible. This will reduce the loan tenure and the interest paid over time.

Balance Between Investment and Loan Repayment: While it’s important to pay down your loan, don’t compromise on your investments. Find a balance where you can continue to grow your wealth while reducing debt.

5. Emergency Fund and FD Utilization
Current Situation: You have Rs. 6 lakh in FD, which is good for emergencies.

Recommended Action: Keep at least 6-12 months’ worth of expenses in your FD as an emergency fund. If you have excess funds beyond this, consider moving them to higher-yield investments, such as mutual funds or PPF, which offer better growth prospects.

Liquidity Needs: Ensure your emergency fund is easily accessible. Don’t tie up all your savings in long-term investments without having liquid reserves.

6. Direct Equity and Risk Management
Current Situation: You have Rs. 3 lakh in direct equity. This carries higher risk and requires active management.

Recommended Action: Evaluate your equity portfolio with your Certified Financial Planner. Ensure your stock picks align with your risk tolerance and retirement goals. If managing direct equity is overwhelming, consider shifting some of these funds to mutual funds, where professional managers can handle your investments.

Diversification: Avoid over-concentration in any one sector or stock. Diversify your holdings to reduce risk.

7. Consider Additional Retirement Vehicles
Current Situation: Your retirement savings are spread across various instruments.

Recommended Action: Explore additional retirement vehicles such as Voluntary Provident Fund (VPF) or Senior Citizens Savings Scheme (SCSS) when you approach 55. These provide secure, government-backed options for retirement savings.

Don’t Rely Solely on One Source: Ensure your retirement corpus is spread across multiple sources to reduce risk and provide flexibility.

8. Regular Portfolio Review and Rebalancing
Current Situation: Your portfolio needs to be regularly monitored to stay aligned with your goals.

Recommended Action: Schedule regular reviews with your Certified Financial Planner. Adjust your portfolio based on market conditions and your evolving financial situation. As you approach retirement, gradually shift from high-risk to lower-risk investments to preserve your capital.

Stay Disciplined: Avoid making emotional decisions based on short-term market fluctuations. Stick to your long-term plan, and make adjustments only when necessary.

9. Estate Planning and Will Creation
Current Situation: While your focus is on retirement, it’s also essential to think about estate planning.

Recommended Action: Create a will to ensure your assets are distributed according to your wishes. This will prevent legal complications for your family later. Consider discussing with your Certified Financial Planner the need for a trust if your estate is substantial.

Nomination Updates: Ensure all your investments, insurance policies, and retirement accounts have updated nominations. This simplifies the process for your beneficiaries.

Finally
Your goal of a Rs. 4 crore retirement corpus by age 55 is achievable. It requires a disciplined approach, increasing your SIP contributions, optimizing your existing portfolio, and paying down debt. Work closely with your Certified Financial Planner to ensure your investments align with your goals. Regular reviews and adjustments will keep you on track towards a secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Radheshyam Zanwar  |1062 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 23, 2024Hindi
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My son graduated BE CSC with 8.9 CGP was offered a job as system engineer inTCS in April when he was in his 8th semister. Till November 23 he didn't get the on boarding letter, in the meantime whe appeared in two' exams under same offer. Advice what has been going on.
Ans: Hello.
Whatever you are saying is just shocking. The track record of TCS is not like that, as you described in your question. It would be better to contact TCS again and ask them when they will give on boarding letter. It is not clear from your query whether your son had done some correspondence with TCS or not related to the job offered. It is also not clear which two exams he appeared in. If not selected in a campus interview, searching for a job might be tedious but not so difficult. Ask your son to post a strong resume on the LinkedIn portal and remain in touch with his seniors. Please visit the websites of renowned companies daily to search for vacancies. There are many job-offering portals where he can register his name. Please ask the college placement division for any placement opportunities.
Wishing the best of luck for his bright future.

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Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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