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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 25, 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
Sayantan Question by Sayantan on Apr 25, 2024Hindi
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I am 36 years old, married. I am investing 45k per month on SIP ( 22k Nifty 50 UTI, 10K parag parekh, 8k SBI small cap, 5k Mid cap) , 10k in PPF, 7k NPS, 5k on stocks as investment. I have EPF as well 16k per month. I am planning to buy a house and I also I pay rent of 16k currently. I have a small flat of home loan 14k. Sir plz do let me know if my investment choice is fine or not. Also I want to have a pension of 70k-1 lac when I retire in my home town.

Ans: It's commendable to see your commitment towards saving and investing at such a young age. Let's delve into your current investment strategy and future goals.

Your SIP investments across different categories indicate a diversified approach, which is good. However, it's essential to review the performance of these funds periodically and ensure they align with your risk tolerance and financial goals.

The allocation towards PPF and NPS reflects a mix of long-term savings and retirement planning, which is a prudent move.

Considering your plan to buy a house and current home loan, it's crucial to balance your investments with your liabilities. Also, with rent and EPF contributions, ensuring sufficient liquidity for short-term needs and emergencies is vital.

For your retirement goal of having a pension of 70k-1 lac, you might want to consider increasing your NPS contributions or exploring other pension-oriented investment avenues.

A Certified Financial Planner can provide personalized advice tailored to your financial situation, goals, and risk tolerance. They can help you optimize your investment portfolio, guide you on balancing investments with your future home purchase, and align your retirement savings with your desired pension.

Remember, financial planning is a dynamic process, and it's essential to review and adjust periodically to stay on track towards your goals. Best wishes for your financial journey ahead!
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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My current age is 30 and my current monthly take home salary is 40K per month. and My Wife Age is 29 her Salary 20K Per Month Please review my investment and suggest me is my current investment is okay or I am investing wrong way. After 15 years I want Rs 80 lakh for my daughter higher studies after next 7 years I want Rs 30 lakh for For Buying Land and after my retirement how can get Rs 2 crore after 60 years of age. SIP - Rs 10000 / - per month from 2019 till 2040 HDFC Mid Cap Plan- 3000 Paragparikh FlexiCap Plan-2000 Sbi Small Cap Plan-3000 SBI LARG And Mid Cap -2000 Home loan - Rs 7000 per month for 10 years Sukanya Samriddhi - 2000 Per month from 2019 till 2039 I Also Read To Invest More 5K Sip, Please Give You Advise.
Ans: Financial Review and Recommendations

Current Investment Analysis:

Your investment portfolio reflects a mix of equity mutual funds, Sukanya Samriddhi Yojana (SSY), and a home loan. Here's an analysis of your current investments:

Equity Mutual Funds (SIPs):

HDFC Mid Cap Fund: Rs. 3,000/month
Parag Parikh FlexiCap Fund: Rs. 2,000/month
SBI Small Cap Fund: Rs. 3,000/month
SBI Large and Mid Cap Fund: Rs. 2,000/month
Sukanya Samriddhi Yojana (SSY): Rs. 2,000/month

Home Loan: Rs. 7,000/month for 10 years

Financial Goals:

Daughter's Higher Studies (15 years): Target corpus: Rs. 80 lakhs
Buying Land (7 years): Target corpus: Rs. 30 lakhs
Retirement (After 60 years): Target corpus: Rs. 2 crores
Recommendations:

Review Asset Allocation: Your portfolio is heavily skewed towards equity mutual funds, which are suitable for long-term goals. However, ensure you have a balanced allocation across asset classes to manage risk effectively. Consider diversifying into debt or other low-risk instruments for short-term goals like buying land.

SIP Review:

Evaluate the performance of your existing SIPs and consider diversifying into different fund categories for better risk management.
Since your daughter's higher education goal is 15 years away, continue investing in equity funds but review and adjust the SIP amounts periodically based on fund performance and market conditions.
New SIP Allocation:

Allocate the additional Rs. 5,000/month SIP towards debt mutual funds or Public Provident Fund (PPF) for your short-term goal of buying land. This will provide stability and liquidity for the goal.
For long-term goals like retirement, consider increasing contributions to equity mutual funds gradually over time to benefit from compounding returns.
Emergency Fund: Ensure you have an adequate emergency fund set aside in a liquid and easily accessible instrument to cover unforeseen expenses.

Insurance Coverage: Consider investing in term insurance and health insurance policies to protect your family's financial future against unforeseen events.

Regular Review: Periodically review your investment portfolio's performance and make adjustments as needed to stay on track towards your financial goals.

Professional Advice: Consider consulting with a Certified Financial Planner (CFP) to create a comprehensive financial plan tailored to your specific needs and goals. A CFP can provide personalized recommendations and strategies to optimize your investments and achieve long-term financial security.

By following these recommendations and staying disciplined in your investment approach, you can work towards achieving your financial goals effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 04, 2024

Asked by Anonymous - May 31, 2024Hindi
Money
Dear sir, I am running 43. My current investment portfolio is 27 Lakh in PPF, 3 Lakh in Mutual Funds with investment in 8 mutual fund with 1000 sip every month for each funds. Approx 10 lakh of gold, 5 lakhs in savings and 8 lakhs in stocks. I am yet to start a family and intend to have 2 kids if not atleast 1 as of now. My current salary is approx 80,000 a month. Kindly help me in guidance if my investment portfolio is right and what are other options where I can invest now on. I have my own house and EMI is 8000 every month. I also intend to buy new home worth 1 Cr approx. I have no fix plans to retire at 60 but would like to have monthly interest income of 1 lakh per month in next 18 years. So kindly guide me. Thank you,
Ans: Congratulations on maintaining a well-rounded investment portfolio at 43. Your diverse investments in PPF, mutual funds, gold, savings, and stocks are commendable. Your steady salary, owning a home, and planning for the future show a solid foundation for financial stability. Let’s analyze your current portfolio, identify potential improvements, and suggest strategies to achieve your financial goals.

Assessing Your Current Investment Portfolio
Public Provident Fund (PPF)
Your PPF investment of Rs 27 lakhs is a strong, secure component of your portfolio. PPF offers tax-free returns and safety, making it a reliable long-term investment. Continue contributing to maximize the benefits of compound interest and tax advantages.

Mutual Funds
You have Rs 3 lakhs in mutual funds, investing Rs 1,000 per month in each of 8 different funds. Diversification is good, but having too many funds with small SIP amounts may dilute returns. Consider consolidating into fewer, well-performing funds to optimize growth. Actively managed funds can provide better returns compared to index funds.

Actively Managed Funds vs. Index Funds

Actively managed funds are overseen by professional managers aiming to outperform the market. Despite higher fees, they often yield better long-term returns. Index funds, on the other hand, replicate market indices and offer average returns. For your goals, actively managed funds are more suitable.

Regular Funds vs. Direct Funds

Investing through regular funds involves a commission for mutual fund distributors (MFDs). The expertise of a Certified Financial Planner (CFP) ensures better fund selection and management. Direct funds save on commission but lack professional oversight. Regular funds offer better-managed investments, making them a wise choice.

Gold
Your gold investment of Rs 10 lakhs is a good hedge against inflation and economic uncertainty. Gold provides stability and can be a safe store of value. Consider allocating a portion of your investment to sovereign gold bonds or gold ETFs for better returns and safety.

Savings
Having Rs 5 lakhs in savings provides liquidity and security. Ensure this fund is easily accessible for emergencies. Consider moving a portion to a high-interest savings account or liquid mutual funds for better returns while maintaining liquidity.

Stocks
An Rs 8 lakh investment in stocks indicates a willingness to take higher risks for higher returns. Continue monitoring your stock portfolio and consider diversifying across sectors to manage risk better. Avoid excessive concentration in a single stock or sector.

Financial Goals and Future Planning
Monthly Interest Income Goal
You aim to have a monthly interest income of Rs 1 lakh in 18 years. This translates to Rs 12 lakhs annually. To achieve this, you need a well-diversified portfolio generating sufficient returns while preserving capital.

Strategies for Achieving Financial Goals
Increase Mutual Fund SIPs
Increase your SIP contributions in mutual funds. Focus on a mix of equity and debt funds to balance risk and return. Equity funds provide growth potential, while debt funds offer stability.

Review and Consolidate Mutual Funds

Review your current mutual funds and consolidate them into fewer, high-performing funds. This ensures better management and potential for higher returns. Actively managed funds can be a good choice for achieving higher growth.

National Pension System (NPS)
Consider investing in the National Pension System (NPS). It offers tax benefits and a mix of equity, debt, and government securities. NPS can provide a steady income post-retirement, complementing your other investments.

Systematic Withdrawal Plan (SWP)
Set up a Systematic Withdrawal Plan (SWP) from mutual funds to generate regular income. SWPs provide flexibility and potential for capital appreciation. This can be an effective way to achieve your monthly income goal in retirement.

Diversification for Stability and Growth
Debt Mutual Funds

Include debt mutual funds in your portfolio. They provide stability and regular income with lower risk compared to equity funds. Debt funds suit medium-term goals and act as a buffer against market volatility.

Equity Mutual Funds

Allocate a significant portion of your portfolio to equity mutual funds. They offer high growth potential, crucial for building a retirement corpus. Focus on funds with a good track record and consistent performance.

Insurance: Protection First
Life Insurance
Ensure you have adequate life insurance coverage to protect your family's financial future. Avoid investment-cum-insurance policies like ULIPs, LIC endowment plans, as they offer lower returns and inadequate insurance cover. Consider surrendering such policies and reinvesting the proceeds in mutual funds.

Health Insurance
Adequate health insurance is crucial. Review your existing health coverage and consider increasing it if necessary. Medical expenses can be substantial, and comprehensive health insurance will protect your savings.

Emergency Fund: The Safety Net
Maintain an emergency fund equivalent to 6-12 months of expenses. This fund should be easily accessible and kept in a high-interest savings account or liquid mutual fund. An emergency fund provides financial security against unforeseen expenses.

Saving for a New Home
You plan to buy a new home worth Rs 1 crore. Estimate the down payment and loan amount. Save for the down payment through a mix of fixed deposits, debt funds, and balanced funds. Ensure your EMI is manageable within your monthly budget.

Tax Planning
Efficient tax planning maximizes your disposable income. Utilize available deductions under Section 80C, 80D, and others. Your contributions to PPF, NPS, and mutual funds (ELSS) help in tax savings while building your corpus.

Reviewing and Rebalancing Your Portfolio
Regularly review your portfolio’s performance. Market conditions and personal goals change over time. Rebalance your investments to maintain the desired asset allocation. A CFP can provide valuable insights and adjustments.

Financial Discipline and Continuous Learning
Maintaining financial discipline is key to achieving your goals. Automate your investments to ensure consistency. Stay informed about financial markets and new investment opportunities. Financial literacy empowers better decision-making.

Seeking Professional Guidance
A CFP provides personalized advice aligned with your goals. Their expertise in financial planning ensures optimal investment strategies, tax efficiency, and risk management. Regular consultations help in adapting to changing circumstances and market conditions.

Conclusion
Your current investment portfolio is strong, but there are areas for improvement. Diversify your investments, increase SIP contributions, and focus on achieving your long-term goals. With careful planning and disciplined investing, you can achieve a secure financial future.

Invest wisely, stay disciplined, and enjoy a secure financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 14, 2024

Asked by Anonymous - Oct 14, 2024Hindi
Money
My salary 2.4 lac per month. I am 42 my wife and two son comprising of my family. One son is in 5th standard and other yet to start education. I have 2 house emis of 1.6 lacs of which one generates rent of 40k per month. Have around 50 lacs in investment comprising of 20lac in ppf and rest in stocks and sips and mfs. Only have company health insurance and no term insurance. Schooling cost is 1.2 lacs per annum. Rest expenses includes holiday every 6 months and daily needs. Please help me sort out investment to ensure I can generate enough to retire in next 10 years?
Ans: You have a solid foundation, and it’s commendable that you are managing two home loans while balancing various investments. Your monthly salary of Rs 2.4 lakhs and an EMI burden of Rs 1.6 lakhs shows you are carrying significant financial responsibility. However, generating Rs 40,000 from rent is helping reduce the impact of your EMIs.

Key highlights:

Monthly salary: Rs 2.4 lakhs
Two house EMIs: Rs 1.6 lakhs
Rent: Rs 40,000 per month
Investment portfolio: Rs 50 lakhs (Rs 20 lakhs in PPF, rest in stocks, SIPs, and MFs)
Annual schooling cost: Rs 1.2 lakhs
Other expenses: Holiday every 6 months, daily needs
No term insurance
Company health insurance only
While you have done well to invest Rs 50 lakhs, the lack of term insurance and the heavy EMI burden may be areas for improvement. Your goal of retiring in 10 years is achievable, but some adjustments will be necessary to optimize your portfolio and secure a comfortable future.

Investment Strategy Review
Let’s break down your current investments to better align them with your retirement goal in the next 10 years.

PPF (Public Provident Fund) - Rs 20 Lakhs
The PPF is a safe, long-term investment with tax benefits, but its returns are relatively modest. Over the next 10 years, this will continue to grow at a steady pace.

Action Plan:

Keep contributing to your PPF but avoid putting additional large sums.
PPF should be treated as part of your safe, low-risk portfolio.
Stocks, SIPs, and Mutual Funds (Rest of Rs 30 Lakhs)
Your exposure to equities through stocks and mutual funds will help you generate growth, but it needs diversification and regular review. SIPs in actively managed funds are ideal for long-term goals like retirement.

Action Plan:

Actively managed mutual funds: Ensure that the mutual funds you are invested in are diversified across sectors and are actively managed.
Avoid direct funds: Regular funds provide better tracking and advice from an MFD with CFP credentials, which is crucial for your long-term planning.
Review your stock portfolio: Individual stocks carry more risk than mutual funds. It is wise to regularly assess performance and sell off underperforming stocks.
Balance with debt funds: Include some debt funds for stability, especially as you approach your retirement goal.
Rental Income from Property
Your rental income of Rs 40,000 per month is a significant contributor to offset your EMIs. While real estate is not recommended as a new investment option, your existing property generating income can support your cash flow needs.

Action Plan:

Rent reassessment: Ensure you are getting market rent or consider raising it over time to adjust for inflation.
No additional real estate investments: Avoid tying more capital into real estate. Focus on growing your financial portfolio instead.
Critical Areas for Improvement
1. Lack of Term Insurance
It’s essential to secure your family’s future in case of any unexpected event. Currently, you do not have term insurance, which is a vital part of any financial plan.

Action Plan:

Immediate term insurance: Buy a term plan covering at least 10-12 times your annual income. This will ensure your family is financially secure if something happens to you.
2. Health Insurance Coverage
You rely on company-provided health insurance. This is risky, as you may lose coverage if you switch jobs or retire early. Having separate family health insurance will ensure consistent protection.

Action Plan:

Buy individual health insurance: Get family floater health insurance with adequate coverage for your entire family, ensuring lifelong renewability.
Supplemental critical illness cover: Consider adding critical illness coverage to protect against major health expenses.
3. EMI Management
You have significant EMIs totaling Rs 1.6 lakhs per month. While one property generates rental income, the overall EMI burden is high. Managing this will be crucial for freeing up cash flow for further investments.

Action Plan:

Prepay EMIs: Any surplus income should go toward prepaying your loans, starting with the one without rental income. Reducing this burden will ease your cash flow.
No additional loans: Avoid taking on any further debt to ensure your financial plan stays on track.
Retirement Planning
You aim to retire in 10 years, at age 52. With your current lifestyle and goals, your investments will need to provide enough to cover your post-retirement expenses. Here’s a strategy to ensure a comfortable retirement:

1. Estimate Future Expenses
Your current schooling costs are Rs 1.2 lakhs per year, and other living expenses include vacations and daily needs. Over the next 10 years, expenses will increase due to inflation, and you must account for these future costs when planning your retirement.

Action Plan:

Create a detailed budget: Track all your current expenses and project them for the next 10 years, considering inflation. This will give you a clearer picture of your financial needs after retirement.
2. Build a Retirement Corpus
With 10 years to go, you will need to create a solid retirement corpus. The Rs 50 lakhs you currently have, along with further investments, will need to grow substantially. Here’s how to optimize this growth:

Action Plan:

Increase SIP contributions: Start contributing more to your SIPs as soon as your EMI burden reduces. A higher SIP contribution in actively managed mutual funds will provide better growth potential over the next decade.
Diversify investments: Include a mix of large-cap, mid-cap, and flexi-cap funds to ensure a balanced risk-return profile. Actively managed funds, especially those recommended by a certified financial planner, will perform better than index funds or ETFs.
Regular portfolio review: Work with a certified financial planner to review your portfolio annually. Ensure your funds are performing as expected and make necessary adjustments.
3. Plan for Post-Retirement Income
After retirement, you will need a reliable source of income to meet your monthly expenses. Your investments must be structured to provide regular income, adjusted for inflation.

Action Plan:

Systematic Withdrawal Plans (SWP): Set up SWPs in mutual funds to provide a regular, inflation-adjusted income post-retirement.
Emergency Fund: Set aside a portion of your corpus in a liquid fund for emergencies. This will ensure you don’t have to liquidate long-term investments prematurely.
Final Insights
To achieve your goal of retiring in 10 years, you will need to fine-tune your investment strategy and reduce your EMI burden. Your current investments, while substantial, require diversification and a focus on growth-oriented funds.

Additionally, securing term insurance and individual health insurance is critical for protecting your family’s future. By prepaying your loans and increasing SIP contributions over time, you will be better positioned to build a retirement corpus capable of supporting your post-retirement lifestyle.

Finally, always remember that regular reviews with a certified financial planner are key to staying on track and adjusting for any changes in your financial situation.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

..Read more

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Dr Nagarajan Jsk

Dr Nagarajan Jsk   |183 Answers  |Ask -

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

Asked by Anonymous - Nov 19, 2024Hindi
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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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• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
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• 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
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• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
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• 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
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• Lancashire & South Cumbria NHS Foundation Trust - Psychiatry specialty Fellowship Scheme
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• 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
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• 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
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• 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
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• St George’s University Hospitals NHS Foundation Trust – International Emergency Medicine Trainees
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• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

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Asked by Anonymous - Dec 21, 2024Hindi
Money
Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.
Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

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

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Money
Kanchan

Kanchan Rai  |444 Answers  |Ask -

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

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I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.
Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

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

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

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

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

...Read more

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Top4 sips with 15k amount suggest me
Ans: Here’s an updated strategy for your Rs. 15,000 SIP allocation, replacing the sectoral/thematic fund with a small-cap fund for better long-term growth potential.

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

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

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

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

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

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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