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35-Year-Old with 45 Lakhs Loan: How to Manage Debt & Investments?

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 29, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Asked by Anonymous - Jul 16, 2024Hindi

Money

Hi sir, Am 35 years old , I have 45 lakhs loan , 34 lakhs home loan ,7 lakhs jewel loan and 4 lakhs personal loan , I have started investing mutual fund monthly 20k ,can you please guide me am paying emis for my loans monthly, along with that am investing mutual funds monthly 20k . Parag parikh - 10 k Motilal oswal mid cap - 5 k Quant small cap - 3k Nippon India small cap - 2k , what is your advice on this . Thanks, Kiran Kumar

Ans: You are managing Rs. 45 lakhs in loans. This includes:

Home Loan: Rs. 34 lakhs

Jewel Loan: Rs. 7 lakhs

Personal Loan: Rs. 4 lakhs

You are also investing Rs. 20,000 monthly in mutual funds.

Analyzing Your Investment Portfolio
Your current mutual fund investments are:

Rs. 10,000 in a diversified equity fund

Rs. 5,000 in a mid-cap fund

Rs. 3,000 in a small-cap fund

Rs. 2,000 in another small-cap fund

Appreciating Your Efforts
You are managing investments while repaying loans. This is commendable. Let's optimise your strategy.

Prioritizing Loan Repayments
Loan repayments should be a priority. High-interest loans, like personal and jewel loans, should be paid off first. They can significantly impact your finances.

Managing Home Loan
Home loans typically have lower interest rates. However, consider prepaying if you have surplus funds. This reduces your interest burden over time.

Reviewing Your Mutual Fund Portfolio
Your mutual fund investments are diversified. However, small-cap funds are riskier. Considering your loans, it might be wise to balance your portfolio.

Balancing Risk and Returns
Reduce Small-Cap Exposure: Small-cap funds are volatile. Consider reducing your investment in them.

Increase Large-Cap Exposure: Large-cap funds are more stable. They offer steady returns and lower risk.

Systematic Investment Plan (SIP) Strategy
Continue with your SIPs. They ensure disciplined investing. But, balance your SIPs to match your risk profile.

Benefits of Actively Managed Funds
Actively managed funds can adapt to market changes. They aim to outperform the market. This can provide better returns than index funds.

Avoiding Index Funds
Index funds only track the market. They lack flexibility. Actively managed funds, however, are managed by experts. They aim for higher returns.

Financial Safety Nets
Ensure you have an emergency fund. It should cover 6 months of expenses. This provides financial security in emergencies.

Insurance Coverage
Adequate insurance is crucial. Health and term insurance protect your family's financial future.

Final Insights
Balance your loan repayments and investments. Prioritize high-interest loan repayment. Adjust your mutual fund portfolio for balanced risk and returns. Ensure you have financial safety nets in place. Regularly review and rebalance your portfolio.

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 May 01, 2024

Question by guna - Apr 19, 2024Hindi

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Hi sir im guna 26/m last 1year im investing in mutual funds started at 5k per month and now im at 20 k in these funds Parag parik flexi cap 1000 Nippon small cap 500 SBI small cap 500 PGIM mid cap 1000 SBI contra 500 Quant ELSS & Mirae asset ELSS each 1000 Nippon index fund mix of Large,Mid,and small cap 15,000 Lumsum investment 50,000 In HDFC nifty 50 index fund Im planning for long horizon of 15 to 20 years

Ans: Your commitment to long-term investing is commendable and reflects a forward-thinking approach to securing your financial future. By starting early and diversifying your portfolio across different asset classes and fund categories, you're laying a solid foundation for wealth creation over the next 15 to 20 years.

Remember, investing is a journey, not a sprint. Stay patient and disciplined, and resist the temptation to make impulsive decisions based on short-term market fluctuations. Instead, focus on the underlying fundamentals of your investments and the power of compounding to grow your wealth over time.

As you navigate the ups and downs of the market, continue to educate yourself, stay informed about economic trends, and periodically review your portfolio to ensure it remains aligned with your long-term goals.

With perseverance, prudent decision-making, and a well-diversified portfolio, you're well-positioned to achieve your financial aspirations and build a brighter future for yourself. Keep up the good work!

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 27, 2024

Question by Sanna - May 20, 2024Hindi

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Hello sir, My intake salary is 49 k per month and my EMI is 7300 of card loan and 5000 k invested in mutual fund 2 k in SBI conservative fund 1 k each in hdfc mid and large cap fund, hdfc mid cap opportunities and hdfc flexi cap fund ... Please help I need to invest more and currently I am 36

Ans: Managing Your Investments and Budget: A Comprehensive Guide

Understanding Your Current Financial Situation
It's great that you are already investing in mutual funds. At 36, you have a significant time horizon for investments. Your monthly intake salary is Rs 49,000, with an EMI of Rs 7,300.

Reviewing Your Existing Investments
Mutual Fund Investments
You invest Rs 5,000 monthly in mutual funds. Your portfolio includes a conservative fund and various equity funds. This shows a balanced approach towards risk and growth.

Evaluating Your Debt Obligations
Your EMI for a card loan is Rs 7,300. Managing debt effectively is crucial to avoid financial strain. Prioritizing debt repayment can free up more funds for investment.

Analyzing Your Investment Portfolio
Conservative Fund
You invest Rs 2,000 in a conservative fund. These funds offer stability and lower risk, suitable for conservative investors. They provide steady returns with minimal risk.

Mid and Large Cap Funds
You invest Rs 1,000 each in mid and large cap funds. Mid cap funds offer high growth potential, though with higher risk. Large cap funds provide stability through investments in well-established companies.

Flexi Cap Fund
You also invest Rs 1,000 in a flexi cap fund. Flexi cap funds offer flexibility to invest across market capitalizations. They adapt to market conditions, balancing growth and stability.

Recommendations for Increasing Investments
Assessing Disposable Income
After EMIs and existing investments, assess your disposable income. Allocating additional funds towards investments can enhance your financial growth. Creating a budget helps in identifying areas to save more.

Increasing SIP Contributions
Consider increasing your SIP contributions in existing funds. This enhances your investment in a disciplined manner. Regular investments through SIPs benefit from rupee cost averaging.

Diversifying Portfolio
Diversifying your portfolio reduces risk and optimizes returns. Consider adding debt funds or balanced funds for stability. Diversification ensures a balanced risk-return profile.

Importance of Actively Managed Funds
Benefits Over Index Funds
Actively managed funds aim to outperform market indices through expert management. They adapt to market changes, potentially providing higher returns. Index funds, on the other hand, only match market performance.

Professional Management
Actively managed funds are overseen by professional fund managers. They make strategic investment decisions based on research and analysis. This expertise can lead to better returns compared to passive funds.

Investing Through Regular Funds
Advantages of Regular Funds
Investing through regular funds with a Certified Financial Planner (CFP) ensures expert advice. CFPs tailor investments to your financial goals and risk tolerance. This professional guidance is invaluable for effective financial planning.

Disadvantages of Direct Funds
Direct funds lack professional guidance, making investment decisions more challenging. Regular funds offer the benefit of expert advice, optimizing your investment strategy. This can be particularly beneficial for achieving long-term financial goals.

Periodic Portfolio Review
Importance of Regular Review
Regularly reviewing your investment portfolio ensures alignment with financial goals. Market conditions and personal circumstances change over time. Periodic reviews help in making necessary adjustments to your portfolio.

Rebalancing Investments
Rebalancing your portfolio maintains the desired asset allocation. It ensures that your investments remain aligned with your risk tolerance and financial goals. Regular rebalancing optimizes your portfolio performance.

Emergency Fund Consideration
Building an Emergency Fund
Ensure you have an adequate emergency fund before increasing investments. This fund should cover at least six months of living expenses. It provides financial security and prevents the need to liquidate investments prematurely.

Evaluating Tax Implications
Understanding Tax Benefits
Understanding tax implications of investments is crucial for maximizing returns. Certain funds offer tax benefits which can enhance post-tax returns. Consulting a tax expert or CFP can help optimize your investment strategy.

Conclusion
Your current investment strategy shows a good mix of growth and stability. Increasing your SIP contributions and diversifying your portfolio can further enhance your financial growth. Regular reviews and professional guidance will ensure your investments align with your financial goals.

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 Aug 23, 2024

Question by Narayanaswamy - Aug 22, 2024Hindi

Money

Hi sir I have one plot,plot value around 40L,i have loan on plot 16.5L.I pay EMI for loan 20000 for 135 months.I decide sell the plot and close the loan and balance amount invest in mutual funds.And can i SIP in mutual funds 20000 for my retirement plan and my children higher education.My son studying 6th and daughter studying 4th standard.I don't have any other home property.My monthly income 65000.It is good or bad.

Ans: Selling your plot to close the loan and invest the balance in mutual funds is a strategic move. This decision reflects a desire for financial clarity and long-term planning.

Three key factors:

Loan Burden: The current EMI of Rs. 20,000 is a significant portion of your monthly income. Selling the plot will eliminate this burden, freeing up cash flow.

Investment Potential: With Rs. 40 lakh from the plot, after closing the Rs. 16.5 lakh loan, you can invest around Rs. 23.5 lakh in mutual funds.

Future Financial Goals: Your primary goals are retirement and children's higher education. Mutual funds are a solid choice for achieving these goals.

Benefits of Selling the Plot
Selling the plot offers several advantages:

Debt-Free Life: Clearing the loan eliminates the financial stress of EMIs. This improves your cash flow and allows you to focus on savings.

Unlocking Capital: The Rs. 23.5 lakh can be invested to potentially grow over time. Real estate can be illiquid, but mutual funds offer better liquidity.

Financial Flexibility: The absence of a loan gives you the freedom to allocate your income toward other financial goals.

Investing in Mutual Funds for Long-Term Growth
Mutual funds are a powerful tool for wealth creation, especially for long-term goals like retirement and education. Here's why:

Diversification: Mutual funds offer exposure to various asset classes. This reduces risk compared to investing in a single asset like real estate.

Professional Management: Funds are managed by experienced professionals. They make informed decisions, aiming for the best returns.

Potential for High Returns: Over a long-term horizon, equity mutual funds can offer significant growth, helping you achieve your goals.

SIP for Consistent Wealth Creation
Starting a Rs. 20,000 SIP is an excellent decision. It brings discipline and consistency to your investment strategy.

Key benefits:

Rupee Cost Averaging: SIPs help in averaging the cost of investment over time. This reduces the impact of market volatility.

Long-Term Growth: Regular investments, even in small amounts, can grow significantly over time. Your SIP can contribute to both your retirement and children's education.

Financial Discipline: SIPs inculcate a habit of regular savings, which is crucial for long-term financial success.

Prioritizing Your Financial Goals
Your son is in 6th grade and your daughter in 4th. Planning for their higher education is critical. Simultaneously, planning for retirement ensures a secure future.

Here's how you can approach this:

Children's Education: Start by estimating the future costs of their higher education. Allocate a portion of your SIP towards this goal.

Retirement Planning: The remaining SIP can be directed towards retirement. The earlier you start, the more your money will compound over time.

Advantages of Mutual Funds over Real Estate
While real estate can appreciate, mutual funds offer several distinct advantages:

Liquidity: Mutual funds are easier to sell compared to real estate. You can access your money when needed.

Flexibility: You can adjust your investments based on market conditions and personal financial needs.

Lower Maintenance: Real estate requires ongoing maintenance and incurs costs. Mutual funds, especially when managed through an MFD with CFP credentials, are hassle-free.

Final Insights
Your decision to sell the plot and invest in mutual funds aligns well with your financial goals. Clearing the loan will give you financial freedom and peace of mind. Investing the balance in mutual funds, particularly through a disciplined SIP, sets you on the path to long-term wealth creation.

Ensure that your investments are aligned with your goals, be it children's education or retirement. Regular monitoring of your portfolio, preferably with a Certified Financial Planner, will help you stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 20, 2024

Asked by Anonymous - Oct 20, 2024Hindi

Money

Hello Milind I am investing as below in MF per months, aged 45 years and looking to continue 1t to 20 years. Expecting corpus of 2 to 3 cr for my retirement and life after retirement. Having 3 daughters to get married in next 10 years as well. Pls advice. ICICI Bluechip Fund large cap 1500 Nippon India Large Cap 1500 Nippon India Multi Cap 1500 Kotak Multi cap 1500 Mahindra manulife Multi Cap 1500 Quant Small Cap 5000 Uti nifty 50 index fund 1500 Quant ELSS 5000 Pls advice and suggest if any corrections required for my fund requirement. Avg 15 lakhs required every 5 years to get married of daughter from now onwards. Having 11k emi of car loan for next 4 years, aanual income 12 lakhs. GSM Faridabad

Ans: Hello;

You may change your portfolio allocation as following:

1. PPFAS flexicap fund: 8 K

2 Kotak Emerging Opportunities Fund: 8 K

3. Nippon India Small cap fund: 3 K

After 4 years when the car loan is fully paid you may begin additional sip for investible income(11 K) as follows:

1. Nippon India Multicap fund: 8 K

2. Sundaram Mid Cap fund: 3 K

It will be required to top-up monthly sip amount each year by 20% minimum upto 20 years to meet twin requirements of 15 L withdrawal after every 5 yr interval and ensuring retirement corpus of 2 Cr at the end of 20 years.

Happy Investing;

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Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Nov 19, 2024Hindi

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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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• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
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• Hertfordshire Partnership University NHS Foundation Trust
• Hull University Teaching Hospitals NHS Trust – International Fellows at Hull University Teaching Hospitals NHS Trust
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KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

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

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

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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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