rediff.com
Rediff Gurus Logo
Home > Money > Question
Language:
Now in हिन्दी too
Need Expert Advice?Our Gurus Can Help
Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 02, 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 - Jun 19, 2024Hindi
Money

I am 35 years working as an IT professional.Due to other responsibilities I started MUtual fund last year with 40k every month. quant active, small and Mid cap and ICICI prudential bharat Should I re balance these funds or need to check some other funds.

Ans: I understand your situation as an IT professional managing multiple responsibilities. Starting mutual funds with Rs 40k every month is a great step! Let's dive into how you can optimize your investments for the best results.

Understanding Your Current Investment
You’ve started investing in active, small, and mid-cap funds, as well as an ICICI Prudential Bharat fund. Each type of fund serves different purposes and has unique risks and rewards.

Small and mid-cap funds can provide high returns but are more volatile.

Active funds aim to beat the market through expert stock selection.

Evaluating Fund Performance
Firstly, it's important to evaluate how your current funds have been performing. Check the returns of each fund over the past year, three years, and five years.

Consider their performance compared to their benchmark and category peers.

If any fund consistently underperforms, it might be time to consider alternatives.

Importance of Diversification
Diversification helps in spreading risk. By investing in different types of funds, you reduce the impact of any single fund's poor performance.

It's great that you have a mix of active, small, and mid-cap funds.

However, it's crucial to ensure you’re not overly concentrated in any one sector or market cap.

Actively Managed Funds vs. Index Funds
Actively managed funds aim to outperform the market through strategic stock selection. This can lead to higher returns, especially in a volatile market.

Index funds, on the other hand, simply track a market index. They tend to have lower costs but often provide lower returns compared to actively managed funds.

Considering your choice of actively managed funds, you're positioned to potentially benefit from higher returns, provided the fund manager's strategies pay off.

Regular Funds vs. Direct Funds
Direct funds have lower expense ratios as they don't include distributor commissions. However, they require you to choose and manage your investments independently.

Investing through a Certified Financial Planner (CFP) with mutual fund distributor (MFD) credentials ensures professional guidance. They can help you navigate market changes and rebalance your portfolio when needed.

The slightly higher cost of regular funds can be worthwhile due to the expert advice and support you receive.

Rebalancing Your Portfolio
Rebalancing involves adjusting your portfolio to maintain your desired asset allocation. It’s essential to review your portfolio at least once a year.

Look at the performance of each fund and your overall investment goals.

If one type of fund has grown significantly, it may dominate your portfolio, increasing risk.

Rebalancing can help you realign your investments with your risk tolerance and goals.

Considerations for Adding or Switching Funds
Before adding new funds or switching existing ones, consider the following:

Fund Objectives: Ensure the fund’s objective aligns with your financial goals.

Risk Profile: Understand the risk associated with each fund and ensure it matches your risk tolerance.

Expense Ratio: Lower expense ratios can significantly impact your returns over the long term.

Past Performance: While past performance is not a guarantee of future returns, consistent performance over time is a good indicator.

Professional Advice
A Certified Financial Planner can provide personalized advice based on your financial situation and goals. They can help you choose the right funds, monitor their performance, and make necessary adjustments.

Their expertise can be invaluable in navigating market fluctuations and optimizing your investment strategy.

Staying Informed
Stay updated with market trends and fund performance. Regularly read financial news, attend webinars, and consult with your financial planner.

Being informed helps you make better investment decisions and stay on track with your financial goals.


It's commendable that you have started investing Rs 40k every month despite your busy schedule. Balancing work, responsibilities, and investments is not easy.

Your commitment to securing a financially stable future is truly impressive. Keep up the excellent work!

Continuous Learning and Adaptation
The financial market is dynamic, and continuous learning is crucial. Adapt your strategy as needed based on market conditions and personal circumstances.

Remember, the goal is not just to invest but to invest wisely.

Final Insights
Investing is a journey, and you’ve taken significant steps by starting mutual funds. Regularly evaluate and rebalance your portfolio to align with your goals.

Seek professional advice to navigate complexities and optimize your strategy. Stay informed and adaptable to changes.

Keep up the dedication, and you’ll likely achieve your financial aspirations.

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.
Money

You may like to see similar questions and answers below

Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Oct 17, 2022

Listen
Money
Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

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

Asked by Anonymous - Apr 14, 2024Hindi
Listen
Money
I am 31 years old. I am investing in these funds 5k Parag Parikh Flexi 4k Kotak Emerging fund - mid cap 4k Quant small cap 3k ICICI prud technology fund 3k Quant infra fund 8k Nifty 50 Index fund 5k in Nasdaq 100 etf Please suggest if I have to do any changes or rebalance or change in amount where I have to increase or decrease for any fund. Thanks in Advance
Ans: It's great to see your proactive approach towards investing at a relatively young age. When reviewing your investment portfolio, it's essential to consider your financial goals, risk tolerance, and investment horizon. While your current allocation seems diversified, it's always wise to periodically reassess and rebalance your portfolio to ensure alignment with your objectives.

Consider evaluating the performance and prospects of each fund in your portfolio. Are they meeting your expectations in terms of returns and risk management? Are there any funds that have consistently underperformed or carry higher volatility than desired?

Additionally, reassess your asset allocation strategy. Are you comfortable with the current mix of equity and index funds, or would you prefer to adjust the allocation based on market conditions and your risk appetite?

Lastly, remember that investment decisions should be driven by a well-thought-out plan rather than short-term market movements. Consider consulting with a Certified Financial Planner who can provide personalized guidance tailored to your unique financial circumstances and goals. With careful planning and periodic review, you can work towards achieving long-term financial success.

..Read more

Money
Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

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

Money
hi i am umesh i have 2200000 investment in mutual fund that now 3250000 is rebalancing of fund necessary, if yes how i can do it
Ans: Hi Umesh, it’s great that your mutual fund investment has grown from Rs. 22,00,000 to Rs. 32,50,000. This shows that you’ve made some good choices. With this growth, it’s important to reassess your portfolio and consider if rebalancing is necessary.

Why Rebalancing is Important

Rebalancing ensures that your investments stay aligned with your financial goals and risk tolerance. Over time, some funds may perform better than others. This can change the risk profile of your portfolio. For example, if equity funds grow faster, your portfolio might become more equity-heavy. This means more risk, especially if the market turns volatile.

Rebalancing helps in maintaining your desired asset allocation.

Assessing Your Current Asset Allocation

Start by reviewing the current allocation between equity, debt, and other asset classes in your portfolio. Compare this with your original investment strategy. Has the equity portion increased? Has the debt portion reduced? If yes, then your portfolio might have become riskier than you initially planned.

It’s essential to match your investment mix with your risk tolerance.

Steps to Rebalance Your Portfolio

If you find that your asset allocation has shifted, you can follow these steps to rebalance:

Evaluate Your Financial Goals: First, revisit your financial goals. Are they short-term, medium-term, or long-term? Ensure that your current portfolio aligns with these goals.

Determine the Desired Asset Allocation: Based on your goals, decide the ideal mix of equity and debt. For example, if you have a long-term horizon, you might want to keep a higher percentage in equity. If you are closer to your goal, you might want to shift more towards debt.

Sell Overweight Assets: If equity has grown more than debt, consider selling some equity funds. This helps in reducing the risk.

Invest in Underweight Assets: If your debt allocation is lower than desired, reinvest the proceeds into debt funds. This helps in stabilising your portfolio.

Frequency of Rebalancing

Rebalancing is not something you need to do frequently. Typically, it’s advisable to review and rebalance your portfolio once a year. However, if there are significant market movements, you might want to consider doing it sooner.

Remember, rebalancing too often can lead to unnecessary transaction costs and taxes.

Tax Implications of Rebalancing

When you sell mutual funds to rebalance, be aware of the tax implications. Equity funds held for less than one year attract short-term capital gains tax at 15%. If held for more than one year, long-term capital gains above Rs. 1 lakh are taxed at 10%. For debt funds, short-term capital gains are added to your income and taxed at your applicable slab rate. Long-term capital gains are taxed at 20% with indexation.

Rebalancing should be done with a focus on minimising tax liability.

The Importance of Professional Guidance

It’s commendable that you are thinking about rebalancing. However, the process can be complex. Consulting a certified financial planner (CFP) can be beneficial. They can provide a detailed analysis of your portfolio and suggest the best course of action. A CFP will ensure that your portfolio remains aligned with your financial goals and risk tolerance.

Professional advice adds value by tailoring strategies to your specific needs.

Disadvantages of Direct Funds

If you are investing in direct mutual funds, you may save on the expense ratio. However, direct funds require you to make decisions on your own. This can be challenging if you lack the expertise. A certified financial planner can guide you with regular funds, ensuring that your investments are well-managed and aligned with your goals.

Regular funds through a CFP offer ongoing advice and support.

Why Actively Managed Funds Are Better

Index funds and ETFs might seem attractive due to lower costs. However, they only track the market and do not aim to outperform it. In contrast, actively managed funds have the potential to generate higher returns, especially in a dynamic market. Fund managers make decisions based on market conditions, which can lead to better outcomes.

Actively managed funds offer flexibility and the potential for higher returns.

Finally

Rebalancing is an essential part of maintaining a healthy investment portfolio. Given the significant growth in your mutual fund investments, it might be the right time to rebalance. Assess your current asset allocation, align it with your financial goals, and take the necessary steps. Consulting a certified financial planner can ensure that your decisions are sound and beneficial in the long run.

Investing wisely is not just about returns; it’s about achieving your financial goals with confidence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Money
Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 26, 2024

Money
I am 60, disciplined bachelor. My mutual fund investment are giving 10% - 13% pa return on an average consistently during Last 5 years Should I need to rebalance my investment, when I am okay and happy with the return ? Please advise, when and at what age this rebalance should be done ???? What are the consequences if rebalance is not done. Will this reba
Ans: At 60, you have a disciplined approach to investing, and your mutual funds have provided you with an average return of 10%-13% over the last 5 years. It's excellent that you’re happy with your returns. However, even if you are satisfied with the returns, rebalancing plays a critical role in ensuring long-term financial stability. Let’s explore why, when, and how to consider rebalancing.

1. Why You Should Rebalance Even with Good Returns
Your investments may be giving great returns, but rebalancing is about risk management and ensuring that your portfolio aligns with your changing financial needs as you age. Here’s why rebalancing is important:

Portfolio Drift: Over time, your portfolio might have become more equity-heavy due to market growth. This could expose you to higher risks, even though you are seeing good returns.

Changing Risk Tolerance: As you age, your risk tolerance generally decreases. At 60, protecting your capital becomes more critical than seeking higher returns.

Market Volatility: While equity markets have been kind to you, markets are unpredictable. Without rebalancing, a market downturn could wipe out a significant portion of your gains.

Goal Alignment: Your financial goals might have changed over time. Rebalancing ensures that your portfolio is still aligned with your retirement or lifestyle goals.

Consistent Returns: Rebalancing periodically can help lock in profits and prevent overexposure to high-risk assets. It ensures that you don’t rely solely on equity markets for returns, balancing your portfolio between equity and safer assets like debt funds or liquid funds.

2. When to Rebalance Your Investment
Rebalancing isn’t based on age alone, but on various factors like risk tolerance, market performance, and financial goals. However, certain key moments in your life should trigger rebalancing:

Age-Based Trigger: At 60, your focus shifts more towards capital preservation than aggressive growth. It is essential to start rebalancing your portfolio to reduce exposure to volatile assets like equity and increase allocation to safer assets like debt funds.

Every Year or Market Movement: Many Certified Financial Planners recommend rebalancing your portfolio once a year. Another strategy is to rebalance when your asset allocation drifts significantly from your target (e.g., if your equity allocation grows more than 5%-10% higher than your target allocation due to market performance).

Specific Milestones: Major life events, such as retirement, health changes, or unexpected expenses, could also require portfolio rebalancing.

3. How to Rebalance Your Portfolio
Rebalancing doesn’t mean exiting equity investments altogether. Instead, it involves adjusting your asset allocation to match your age, financial goals, and risk tolerance. Here’s how you can approach it:

Gradual Shift: Start shifting a portion of your equity investments into debt funds or liquid funds. This reduces market risk while still allowing your money to grow steadily.

Fixed Asset Allocation: Based on your risk tolerance, maintain a fixed ratio of equity to debt. For instance, you might aim for 60% in debt funds and 40% in equity at your age.

Systematic Rebalancing: You don’t have to rebalance all at once. A Systematic Transfer Plan (STP) can help you gradually move funds from equity to safer options like debt or liquid funds.

Consult a Certified Financial Planner: To get a clearer idea of the right asset allocation, consider consulting a Certified Financial Planner. They can provide tailored advice based on your overall financial picture and retirement needs.

4. Consequences of Not Rebalancing
If you choose not to rebalance, you might enjoy continued growth during bull markets. However, ignoring rebalancing could expose you to significant risks:

Increased Risk Exposure: Without rebalancing, your portfolio may become too equity-heavy. This can lead to high volatility, which might be unsuitable at your age. If the market crashes, your portfolio could lose significant value.

Missed Opportunity for Profit Protection: By not rebalancing, you miss the chance to lock in profits. Equity investments are volatile, and without moving some gains to safer investments, you risk losing them during market downturns.

Not Meeting Financial Goals: Over time, your goals change. If your portfolio is not rebalanced, it might no longer align with your retirement needs. For example, you might need more liquid funds for regular withdrawals, but an equity-heavy portfolio won’t offer this.

Potential Stress During Volatile Markets: At 60, you may not want to deal with the stress of market volatility. A balanced portfolio gives you peace of mind, knowing that your investments are safer, even if the market faces turbulence.

5. Rebalancing at What Age
There’s no fixed age to rebalance your portfolio, but as you move closer to retirement and beyond, consider rebalancing more frequently:

60 to 65 Years: This is when you should start shifting more of your portfolio into debt funds, liquid funds, or other low-risk options. A 50:50 or 60:40 debt-to-equity ratio may work best for you at this stage, depending on your retirement plans.

65+ Years: By this age, your focus should be on income generation and capital protection. At this stage, you may want 70%-80% of your investments in safer assets like debt funds and fixed-income products, while keeping a small portion in equity for continued growth.

6. What Happens if You Do Rebalance
The primary benefit of rebalancing is that it protects your portfolio from excessive risk and aligns it with your retirement needs. Here’s what you can expect:

Stability in Volatile Markets: A balanced portfolio ensures that you won’t lose too much in market corrections, as your investments are spread across safer assets.

Peace of Mind: By gradually shifting to safer investments, you’ll have peace of mind knowing that your retirement funds are more secure.

Steady Income: Rebalancing into debt funds or liquid funds gives you the ability to use Systematic Withdrawal Plans (SWP) to generate regular income during retirement.

Better Alignment with Goals: Rebalancing ensures that your portfolio continues to meet your financial goals as they evolve, especially as your focus shifts from growth to stability.

7. Common Rebalancing Strategies
Here are a few rebalancing strategies that you can consider:

Age-Based Strategy: A simple rule is to subtract your age from 100 to determine how much of your portfolio should be in equity. For instance, at 60, you could aim for 40% equity and 60% debt.

Target-Date Strategy: As you approach specific target dates (such as retirement), gradually reduce your equity exposure and increase debt.

Market-Driven Rebalancing: Rebalance based on market performance. If your equity portion grows significantly, move a portion to safer assets like debt or liquid funds.

Final Insights
Rebalancing is not just about returns; it’s about managing risk and aligning your portfolio with your evolving goals.

At 60, it’s essential to start reducing your exposure to equities, even if they are delivering good returns. This ensures capital protection and provides you with liquidity when needed.

You can rebalance gradually, shifting profits into safer investments like debt or liquid funds.

If you don’t rebalance, your portfolio may become too risky for your age, exposing you to market volatility and reducing the chance of meeting your retirement goals.

Regular rebalancing, either yearly or triggered by significant market movement, helps keep your investments in check.

By adopting a rebalancing strategy that aligns with your needs and goals, you’ll not only protect your capital but also ensure long-term financial stability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

..Read more

Money
Latest Questions
Milind

Milind Vadjikar  |786 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 22, 2024

Listen
Money
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).
• Alder Hey International Fellowship Scheme (Anaesthetics)
• Betsi Cadwaladr University Health Board - BCUHB IMG Sponsorship Scheme
• BAPIO Training Academy Ltd – BTA International Fellowship Scheme
• BAPIO Training Academy Ltd – International Training Programme for Postgraduate Doctors
• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
• Barking Havering and Redbridge University Hospitals NHS Trust - BHRUT Sponsorship Scheme for Overseas Doctors in Clinical Radiology
• Birmingham and Solihull Mental Health NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry (Birmingham)
• Birmingham Women’s and Children’s Hospital – Birmingham Women’s and Children’s International Medical Graduate sponsorship scheme
• Bradford District Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Cambridge IVF, Cambridge University Hospitals NHS Trust – IVF Senior Clinical Fellowship Scheme
• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
• Canterbury Christ Church University
• Cumbria Northumberland Tyne and Wear NHS Psychiatry Fellowship Programme
• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
• Dudley Group NHS Foundation Trust
• East Lancashire Hospitals NHS Trust - Clinical Fellowship in Urology or Ophthalmology
• East Lancashire Hospital NHS Trust - Specialist Clinical Fellowship in Pain Management
• East London NHS Foundation Trust (ELFT) – ELFT Advanced International Fellowship in Psychiatry
• East Suffolk and North Essex NHS Foundation Trust – ICENI Centre Fellowships Programme
• Edge Hill University and Wrightington, Wigan and Leigh NHS Trust – International Training Fellowships in MCh programmes
• ENT UK – Royal College of Surgeons
• Essex Partnership University NHS Foundation Trust – EPUT Advanced Fellowship in Psychiatry
• Frimley Health NHS Foundation Trust – International Fellowship in Regional Anaesthesia combined with MSc in Principles of Regional Anaesthesia at the University of East Anglia
• Great Ormond Street Hospital International Fellowship Programme
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Critical Care
• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Obstetrics and Gynaecology
• Guy’s and St Thomas’ NHS Hospitals Foundation Trust – Oncology Specialty Training
• Guy's and St Thomas' NHS Hospitals Foundation Trust – Specialty Training in Anaesthetics
• Harefield Hospital, Royal Brompton and Harefield NHS Trust – Anaesthesia and Critical Care
• Hertfordshire Partnership University NHS Foundation Trust
• Hull University Teaching Hospitals NHS Trust – International Fellows at Hull University Teaching Hospitals NHS Trust
• Humber Teaching NHS Foundation Trust - Sponsored International Fellowship Scheme in Psychiatry
• Imperial College Healthcare NHS Trust – Emergency Medicine
• Imperial College Healthcare NHS Trust – Haematology
• Imperial College Healthcare NHS Trust – International Anaesthesia Trainees
• Imperial College Healthcare NHS Trust – Intensive Care Medicine
• Imperial College, London - Clinical Research
• King’s College Hospital NHS Trusts – International Critical Care Fellowship
• King’s College Hospital NHS Trusts – Paediatric Critical Care Fellowship
• Lancashire & South Cumbria NHS Foundation Trust - Psychiatry specialty Fellowship Scheme
• Lancashire Teaching Hospitals NHS Trust - Overseas Registrar Development and Recruitment (ORDER)
• Leeds Teaching Hospitals NHS Trust – International Fellowship Programme
• Leicestershire Partnership NHS Trust – International Medical Fellowship Programme in Psychiatry
• Lincolnshire Partnership NHS Foundation Trust – CESR Fellowship in Psychiatry or Sponsored Fellowship in Psychiatry
• Lysholm Dept of Neuroradiology – National Hospital for Neurology and Neurosurgery, UCL
• Manchester University NHS Foundation Trust – International Fellowship Programme
• Midlands Partnership NHS Foundation Trust
• Ministry of Defence – International Military Clinical Fellowships
• Modality Partnership - Modality Primary Care International Fellowship Scheme
• NAViGO Health and Social Care CIC – International Medical Fellowship in Psychiatry
• NHS England, East of England - East of England International Office GMC Sponsorship
• NHS Fife – CESR Fellowship Programme in Psychiatry
• NHS Grampian – Psychiatry CESR Fellowship Programme
• NHS Grampian – Multi-specialty SAS Fellowship
• NHS Wales Shared Services Partnership (NWSSP) – All Wales International Medical Recruitment Programme
• Norfolk and Suffolk NHS Foundation Trust (NSFT) - Advanced Clinical Fellowship in Psychiatry
• North Lincolnshire and Goole NHS Foundation Trust (NLAG) Sponsorship Programme
• Northampton General Hospital – Clinical Fellowship in Regional Anaesthesia
• Northampton General Hospital NHS Trust - International Clinical Fellowship in Regional Anaesthesia, Vascular Anaesthesia, or Peri-operative Medicine
• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme
• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme (Psychiatry)
• Northern Care Alliance – NCA International Medical Fellowship Scheme
• Oxford University Hospitals NHS Foundation Trust – Oxford Eye Hospital
• Oxford University Hospitals NHS Foundation Trust – Oxford Intensive Care Medicine (OxICM) Sponsorship Scheme
• Oxford University Hospitals NHS Foundation Trust – Oxford University Hospitals Sponsorship Scheme
• Oxford University Hospitals NHS Foundation Trust – The Oxford International Neonatal and Paediatric Fellowship Programme
• Rotherham Doncaster and South Humber NHS Foundation Trust - Sponsored International Fellowship Scheme in Psychiatry
• Royal College of Anaesthetists – Global Fellowship Scheme (Anaesthesia or ICM)
• Royal College of Anaesthetists – MTI Scheme
• Royal College of Emergency Medicine
• Royal College of Obstetricians and Gynaecologists – MTI Scheme
• Royal College of Ophthalmologists
• Royal College of Paediatrics and Child Health – International Paediatric Sponsorship Scheme
• Royal College of Paediatrics and Child Health – MTI Scheme
• Royal College of Pathologists
• Royal College of Physicians of Edinburgh
• Royal College of Surgeons of England
• Royal College of Physicians of London
• Royal College of Physicians and Surgeons of Glasgow
• Royal College of Psychiatrists – MTI Scheme
• Royal College of Radiologists – Clinical Radiology
• Royal College of Radiologists – Clinical Oncology
• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
• Royal College of Surgeons of Edinburgh
• Royal Devon and Exeter NHS Trust
• Royal Papworth Hospital NHS Foundation Trust – Senior Clinical Fellowship Programme in Anaesthesia and Critical Care
• Royal Wolverhampton Trust – Clinical Fellowship Programme
• Sheffield Children’s NHS Foundation Trust - Rotational Clinical Fellows in Paediatrics, Trauma and Orthopaedic International Fellows, and Subspeciality Fellows in Paediatrics
• Sheffield Health and Social Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Somerset NHS Foundation Trust – Somerset Overseas Doctors Sponsorship Scheme
• Somerset NHS Foundation Trust – Psychiatry Overseas Doctors Sponsorship Scheme
• South Warwickshire University NHS Foundation Trust - GMC Multispecialty Sponsorship Scheme
• South West Yorkshire Partnership NHS Foundation Trust – International Fellowship in Psychiatry
• Southmead Hospital, North Bristol NHS Trust – International Obstetrics and Gynaecology Training Programme
• St Bartholomew’s Hospital, Barts Health NHS Trust – St Bartholomew’s Critical Care Fellowship
• St George’s University Hospitals NHS Foundation Trust – International Anaesthetics Fellowship Programme
• St George’s University Hospital NHS Foundation Trust (Dr Nirav Shah) – International Intensive Care Medicine Trainees
• St George’s University Hospitals NHS Foundation Trust – International Emergency Medicine Trainees
• Surrey and Borders Partnership (SABP) NHS Foundation Trust – International Psychiatric and Community Paediatrics Sponsorship Scheme
• Tees, Esk and Wear Valleys NHS Foundation Trust – International Psychiatric CESR or SAS Fellowship
• University College London Hospitals NHS Foundation Trust, Department of Critical Care – Clinical Fellowship Critical Care and Perioperative Medicine
• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

...Read more

Career
Dr Nagarajan Jsk

Dr Nagarajan Jsk   |183 Answers  |Ask -

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

Asked by Anonymous - Aug 02, 2024Hindi
Listen
Career
Dr Nagarajan Jsk

Dr Nagarajan Jsk   |183 Answers  |Ask -

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

Asked by Anonymous - Dec 20, 2024Hindi
Listen
Career
Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

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

...Read more

Money
Kanchan

Kanchan Rai  |444 Answers  |Ask -

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

Listen
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.

...Read more

Relationship
T S Khurana

T S Khurana   |260 Answers  |Ask -

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi
Listen
Money
T S Khurana

T S Khurana   |260 Answers  |Ask -

Tax Expert - Answered on Dec 21, 2024

Listen
Money
T S Khurana

T S Khurana   |260 Answers  |Ask -

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi
Listen
Money
T S Khurana

T S Khurana   |260 Answers  |Ask -

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi
Listen
Money
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.
© 2024 Rediff.com - Disclaimer - Privacy - Terms of use - Grievances - Feedback

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x