Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Ramalingam

Ramalingam Kalirajan  |8259 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 08, 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 08, 2024Hindi
Money

I am 39 years old having 2 kids 12 and 4 years old.I have home loan of 50 lac and my monthly salary is 1.5 lacs.I have invested 50 lac in mutual funds.My rental income is 35 k.I want to retire when I am 45 years.I am planning to repay my home loan by then.Please help in my financial planning.I need to create a second source of income on which I can survive when I quit my job

Ans: I see you’re planning to retire at 45 and create a second income source. Let’s break down your financial plan step by step. Your goals are achievable with a structured approach.

Assessing Your Current Financial Situation
First, let’s look at where you stand financially.

You have a monthly salary of Rs. 1.5 lakh and a rental income of Rs. 35,000. This totals Rs. 1.85 lakh per month. You also have a home loan of Rs. 50 lakh and investments of Rs. 50 lakh in mutual funds.

You need to ensure you have a solid plan to pay off your home loan and build a retirement corpus.

Home Loan Repayment Strategy
Paying off your home loan is crucial for your financial freedom. Here’s a plan:

Increase EMI Payments: Use your rental income to make extra EMI payments. This reduces your principal faster.

Lump Sum Payments: Whenever you receive bonuses or extra income, use a portion to make lump sum payments. This also helps reduce the principal amount.

Regular Monitoring: Review your loan statement periodically. Ensure all extra payments are being credited correctly.

By focusing on these strategies, you can aim to clear your home loan by the time you retire at 45.

Building a Retirement Corpus
You need a substantial corpus to sustain your lifestyle post-retirement. Let’s dive into building that corpus.

Mutual Funds: A Powerful Tool
You already have Rs. 50 lakh in mutual funds. That’s a great start. Mutual funds are a fantastic way to grow your wealth due to their power of compounding.

Advantages of Mutual Funds:

Diversification: Spread risk across various assets.

Professional Management: Managed by experienced fund managers.

Flexibility: Easy to enter and exit.

Compounding: Reinvesting earnings generates more income over time.

Categorizing Mutual Funds
Mutual funds come in various categories. Let’s look at a few important ones:

Equity Funds: Invest primarily in stocks. High risk, high return.

Debt Funds: Invest in bonds and securities. Lower risk, stable returns.

Hybrid Funds: Mix of equity and debt. Balanced risk and return.

ELSS Funds: Equity Linked Savings Scheme. Provides tax benefits under Section 80C.

Investment Strategy
To build a retirement corpus, diversify your mutual fund investments. Here’s how:

Equity Funds: Allocate a significant portion here. They offer higher returns over the long term.

Debt Funds: Invest a smaller portion for stability and liquidity.

Hybrid Funds: Balance your portfolio with these funds.

ELSS Funds: Consider these for tax-saving benefits.

Creating a Second Source of Income
Having a second income source is crucial for post-retirement. Let’s explore some options.

Systematic Withdrawal Plan (SWP)
An SWP allows you to withdraw a fixed amount from your mutual fund investments regularly.

Benefits:

Regular Income: Provides a steady cash flow.

Capital Appreciation: The remaining investment continues to grow.

Tax Efficiency: Only the gains are taxed, not the principal amount.

Dividend Income
Investing in dividend-yielding mutual funds can provide regular income.

Benefits:

Steady Cash Flow: Receive regular dividend payouts.

Capital Preservation: The principal amount remains invested.

Fixed Deposits (FDs)
Though not high-return, FDs provide safety and assured returns.

Benefits:

Low Risk: Guaranteed returns.

Liquidity: Can be easily converted to cash.

Building an Emergency Fund
Having an emergency fund is crucial. It should cover at least 6 months of your expenses.

Amount: Calculate your monthly expenses and multiply by 6.

Investment: Keep this in a liquid fund or a high-interest savings account for easy access.

Financial Protection for Your Family
Ensure your family’s financial security with adequate insurance coverage.

Health Insurance
Ensure you have comprehensive health insurance for all family members. This protects your savings from medical emergencies.

Term Insurance
Adequate life insurance is vital. Ensure your term insurance covers at least 10-15 times your annual income.

Education Fund for Your Kids
Start saving for your children’s education early. Here’s how:

Child Plans: Some mutual funds specifically cater to children’s education.

PPF: Public Provident Fund offers safe and tax-free returns.

SIPs: Systematic Investment Plans in mutual funds can be a good option.

Regular Review and Adjustments
Financial planning is not a one-time activity. Regularly review and adjust your plan based on your goals and market conditions.

Annual Review: Reassess your portfolio annually.

Rebalancing: Adjust your investments based on performance.

Goal Tracking: Ensure you’re on track to meet your financial goals.

Final Insights
You have a strong financial base. By strategically paying off your home loan and focusing on mutual fund investments, you can achieve your retirement goals.

Build a diversified mutual fund portfolio to leverage the power of compounding. Consider SWPs and dividend income for a steady cash flow post-retirement. Ensure you have adequate insurance and an emergency fund for financial security.

Regularly review your plan to stay on track. With disciplined investing and smart financial planning, you can retire comfortably at 45 and enjoy a financially secure future.

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

Ramalingam

Ramalingam Kalirajan  |8259 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 11, 2024

Asked by Anonymous - Jun 11, 2024Hindi
Money
I am 37 years old my salary is 1.38 lacs per month my wife salary is 35k pm we have a home loan of 44 lacs we hve one daughter of4 yrs old. I have Fd of 50 lacs & 2 lacs in mutual funds and 50 lacs of term insurance and taken on tata insurance of 1.50 lacs per year. Abt exp i pay monthly rent 12k n ppf pay 9k pm...just want to know how can i plan my retirement n pay back my home loan as soon as possible..in my retirement i need a good amt of money to live good life..also m getting rent of 6k in one property
Ans: Strategic Financial Planning for Retirement and Home Loan Repayment
Understanding Your Current Financial Landscape
You are 37 years old with a monthly salary of Rs 1.38 lakh, while your wife earns Rs 35,000 per month. You have a home loan of Rs 44 lakh and a 4-year-old daughter. Your financial assets include Rs 50 lakh in fixed deposits, Rs 2 lakh in mutual funds, and a term insurance cover of Rs 50 lakh. Additionally, you have a Tata insurance policy with an annual premium of Rs 1.50 lakh. Your monthly expenses include a rent of Rs 12,000 and a PPF contribution of Rs 9,000. You also receive a rental income of Rs 6,000 from one property.

Setting Financial Goals
Short-Term Goals
Home Loan Repayment: Focus on paying off the home loan to reduce debt burden and free up cash flow.
Emergency Fund: Strengthen your emergency fund to cover at least six months of living expenses.
Children's Education: Start planning for your daughter's education expenses.
Long-Term Goals
Retirement Planning: Aim to build a substantial corpus for retirement to maintain your lifestyle and cover expenses.
Wealth Accumulation: Continue to grow your investments to achieve financial independence and secure your future.
Strategies for Home Loan Repayment
Increase EMI Payments
Consider increasing your monthly EMI payments to expedite the loan repayment process. Even a small increase can significantly reduce the tenure and interest burden.

Utilize Lump Sums
Use any windfalls or bonuses to make lump-sum payments towards the principal amount. This reduces the outstanding loan balance and interest payable.

Consider Refinancing
Evaluate the possibility of refinancing your home loan to avail lower interest rates. However, assess the associated costs and benefits before making a decision.

Retirement Planning Strategies
Calculate Retirement Corpus
Estimate your post-retirement expenses, factoring in inflation and lifestyle requirements. Use retirement calculators to determine the corpus needed to maintain your current standard of living.

Invest in Retirement Funds
Allocate a portion of your savings towards retirement funds, such as NPS or pension plans, for long-term growth and regular income post-retirement.

Diversify Investments
Diversify your investment portfolio to mitigate risks and maximize returns. Consider a mix of equity, debt, and balanced funds based on your risk appetite and investment horizon.

Enhancing Investment Portfolio
Review Insurance Policies
Evaluate your existing insurance policies, including Tata insurance and term insurance. Ensure they provide adequate coverage for your family's needs. Consider surrendering policies with low returns and reinvesting the proceeds in more profitable avenues.

Optimize Mutual Fund Investments
Review your mutual fund portfolio to ensure alignment with your financial goals and risk tolerance. Consider increasing SIP contributions and exploring growth-oriented funds for higher returns.

Expand Real Estate Investments
Given your rental income, consider expanding your real estate portfolio for additional passive income streams. However, conduct thorough research and due diligence before investing in properties.

Creating Additional Income Streams
Explore Side Hustles
Consider exploring additional sources of income through freelance work, consulting, or online ventures. This diversifies your income streams and provides financial security.

Monetize Skills and Expertise
Leverage your skills and expertise to offer consulting services or conduct workshops in your industry. This not only generates additional income but also enhances your professional reputation.

Ensuring Financial Security
Strengthen Emergency Fund
Increase your emergency fund to cover unforeseen expenses and mitigate financial risks. Aim for a corpus equivalent to at least six months of living expenses.

Secure Health Insurance
Given the uncertainty of job redundancy, secure comprehensive health insurance coverage for your family. This safeguards your savings from unexpected medical expenses.

Final Insights
Strategic financial planning is essential to achieve your retirement and home loan repayment goals. Prioritize debt reduction, maximize savings, and diversify investments to build long-term wealth. Explore opportunities for additional income and ensure adequate insurance coverage for financial security. With disciplined execution and prudent decision-making, you can secure a comfortable retirement and a debt-free future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8259 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Listen
Money
Hi I am 42 years old and am married with 2 daughters. My monthly take home is 1.8 lakhs and have an additional fixed income of 1 lakh. I need 1 lakh for monthly maintenance of my home including my car loan of 40 thousand. Can you please share me a investment plan for the future. When can I have enough investment to retire.
Ans: You are 42 years old. You are married with two daughters. Your monthly take-home pay is Rs. 1.8 lakhs. You also have a fixed income of Rs. 1 lakh. Your monthly expenses are Rs. 1 lakh, which includes a car loan of Rs. 40,000.

Assessing Your Financial Goals
To create an investment plan, we need to identify your financial goals. Key goals may include:

Children's education and marriage
Retirement planning
Paying off the car loan
Building an emergency fund
Monthly Savings and Investments
Your total income is Rs. 2.8 lakhs per month. After expenses, you have Rs. 1.8 lakhs available for savings and investments.

Investment Strategy
1. Emergency Fund:

First, ensure you have an emergency fund. This should cover 6-12 months of expenses. Set aside Rs. 6-12 lakhs for this purpose. Keep it in a liquid fund or savings account.

2. Debt Repayment:

Your car loan is Rs. 40,000 monthly. Ensure timely repayments to avoid penalties. If possible, consider pre-paying the loan to reduce interest costs.

3. Children's Education and Marriage:

Start investing in child-specific funds. Education and marriage expenses can be high. Estimate the costs and start SIPs (Systematic Investment Plans) in mutual funds.

4. Retirement Planning:

Invest systematically for retirement. Diversify your investments across:

Mutual Funds:
Choose a mix of equity and debt funds.
Actively managed funds can offer better returns than index funds.
Public Provident Fund (PPF):
Offers tax benefits and guaranteed returns.
National Pension System (NPS):
Provides an additional tax benefit and helps build a retirement corpus.
5. Monthly Investment Allocation:

Emergency Fund: Rs. 6-12 lakhs initially
Children's Education and Marriage: Rs. 40,000 per month
Retirement Planning: Rs. 1 lakh per month
Car Loan Repayment: Rs. 40,000 per month
Remaining amount can be allocated to other investment options like mutual funds or debt instruments.
Risk Management
1. Diversification:

Diversify your investments to reduce risk. Invest in a mix of equities, debt, and fixed-income instruments.

2. Insurance:

Ensure adequate insurance coverage. Health insurance and term insurance are essential. They protect your family and assets.

Tax Planning
1. Tax-efficient Investments:

Invest in tax-saving instruments. ELSS funds, PPF, and NPS offer tax benefits.

2. Tax-saving Strategies:

Utilise strategies to reduce tax liability. Plan investments to maximise tax benefits under Section 80C, 80D, and others.

Monitoring and Review
1. Regular Monitoring:

Monitor your investments regularly. Track performance and make adjustments as needed.

2. Annual Review:

Review your financial plan annually. Assess progress towards your goals. Adjust investments based on performance.

When Can You Retire?
To determine your retirement timeline, consider:

Your desired retirement corpus
Your current savings and investments
Your monthly contributions
Expected rate of return on investments
Assuming a balanced portfolio with a mix of equity and debt, you can expect an average annual return of 10-12%. Based on your current savings and investments, a rough estimate can be made. However, consulting with a Certified Financial Planner (CFP) can provide a detailed analysis and a more accurate timeline.

Final Insights
Achieving your financial goals requires disciplined planning and regular monitoring. Invest systematically, diversify your portfolio, and utilise tax-saving strategies. With careful planning and professional guidance, you can build a secure financial future and achieve your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8259 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Listen
Money
Hi I am 31 yrs monthly income 95000. Home loan 30lakhs plus person loan 7lakhs doing a lic of 5000 per month and no other investment but have the balance salary gets used for monthly expenses can you pls help me to plan how to repay my home loan also my investment plan for retirement
Ans: You are 31 years old with a monthly income of Rs 95,000.

You have a home loan of Rs 30 lakhs and a personal loan of Rs 7 lakhs.

You are paying Rs 5,000 per month for LIC.

Your remaining salary is used for monthly expenses.

Financial Goals
Repay Home Loan
Investment Plan for Retirement
Repaying Your Loans
Home Loan Repayment
Increase EMI Payments: If possible, increase your EMI payments to reduce the loan tenure and interest cost.

Part-Payments: Make part-payments whenever you receive a bonus or extra income to reduce the principal amount.

Loan Restructuring: Consider restructuring your loan for better terms if interest rates decrease.

Personal Loan Repayment
Prioritize Personal Loan: Personal loans generally have higher interest rates than home loans. Focus on repaying this first.

Consolidate Loans: If feasible, consolidate your personal loan into your home loan for a lower interest rate.

Monthly Budgeting
Expense Management
Track Expenses: Use an app or spreadsheet to track your monthly expenses.

Cut Unnecessary Costs: Identify and reduce unnecessary expenses to increase savings.

Investment Plan for Retirement
Building an Emergency Fund
Emergency Fund: Save at least 6 months' worth of expenses in a liquid fund for emergencies.
Systematic Investment Plan (SIP)
Start SIPs: Invest a fixed amount monthly in mutual funds through SIPs. Diversify across large-cap, mid-cap, and multi-cap funds.

Consistent Investing: Invest consistently for long-term growth and compounding benefits.

Diversification and Risk Management
Diversified Portfolio: Create a diversified portfolio with a mix of equity, debt, and other instruments.

Regular Review: Review and rebalance your portfolio periodically to align with your financial goals.

Insurance Coverage
Health and Life Insurance
Adequate Cover: Ensure you have adequate health insurance and life insurance cover. Consider term insurance for life cover.
Professional Guidance
Consulting a CFP
Seek Advice: Consult a Certified Financial Planner (CFP) for tailored financial advice.

Avoid Mistakes: Professional guidance can help you avoid costly investment mistakes.

Final Insights
To effectively manage your loans and plan for retirement, focus on reducing high-interest debts first. Consistently invest in a diversified portfolio through SIPs and maintain a disciplined approach to savings. Seek professional advice from a Certified Financial Planner to ensure your financial goals are met with minimal risk.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8259 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 30, 2024

Asked by Anonymous - Jul 21, 2024Hindi
Listen
Money
I am 28 year old. I have monthly household income of 1.5 lakhs all included. I own a home. I bought another home of 30 lakhs with 40K emi with rental income of 12k completeting in jan 2027. I have SIP of 14k equaly divided in large-mid-small cap. 30k monthly expense. Son aged 4 month. I live with parents. Have a health insurance of 10 lakh. No saving in saving account. Currently I am diverting all saving in loan aiming to bring maturity of loan down from 2031 to 2024. I want to retire by 50 and would need monthly income of 5lakhs to survive. Please suugest a plan.
Ans: You are 28 years old with a household income of Rs. 1.5 lakhs per month. Your monthly expenses are Rs. 30,000. You own a home and bought another home for Rs. 30 lakhs with a rental income of Rs. 12,000 and an EMI of Rs. 40,000. This loan will be completed by January 2027. You have SIPs of Rs. 14,000 divided equally among large, mid, and small-cap funds. You also have health insurance of Rs. 10 lakhs. Your goal is to retire by 50 with a monthly income of Rs. 5 lakhs.

Current Financial Priorities
Loan Repayment
You are focusing on repaying your home loan by 2024. This is good as it reduces your debt burden early. However, balance loan repayment with investment for future goals.
Emergency Fund
Create an emergency fund. It should cover 6-12 months of expenses. This provides a safety net for unexpected situations.
Investment Strategy
Diversified SIPs
Continue your SIPs in large, mid, and small-cap funds. These offer growth potential. However, review and adjust your portfolio regularly to ensure alignment with your goals.
Actively Managed Funds
Actively managed funds often outperform index funds. They offer professional management and can adjust to market changes. Consider working with a Certified Financial Planner to choose the right funds.
Direct Funds vs. Regular Funds
Direct funds may have lower costs but lack professional guidance. Regular funds through a Certified Financial Planner provide expert advice and better fund selection.
Retirement Planning
Monthly Retirement Income
To achieve a monthly retirement income of Rs. 5 lakhs, you need a substantial corpus. Estimate your future expenses and inflation. A Certified Financial Planner can help determine the required corpus.
Systematic Investment Plan (SIP)
Increase your SIPs as your income grows. This builds your retirement corpus over time. Diversify your investments to balance risk and return.
Child's Future and Family Security
Education Fund
Start an education fund for your son. Invest in a mix of equity and debt funds to balance growth and safety.
Health and Life Insurance
Ensure your health insurance is adequate. Consider a top-up plan if needed. Assess your life insurance needs. Ensure your family is financially secure if something happens to you.
Financial Discipline and Monitoring
Regular Review
Review your financial plan regularly. Adjust your investments based on changes in your life and market conditions.
Professional Guidance
Work with a Certified Financial Planner. They provide personalized advice and help you stay on track to meet your goals.
Final Insights
Your plan to repay your home loan early is commendable. However, balance this with building your investment portfolio. Create an emergency fund, continue SIPs, and plan for your child's future. Regular reviews and professional guidance will help you achieve your retirement goal of Rs. 5 lakhs per month.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Nayagam P

Nayagam P P  |4437 Answers  |Ask -

Career Counsellor - Answered on Apr 17, 2025

Listen
Career
MY SON JUST PASSED OUT CLASS X WITH JUST 76 %. HE IS INTERESTED IN CONTINUING SCIENCE AND MATH UPTO POST-GRADUATION. IS HE RIGHT?
Ans: Avijit Sir, To provide more specific guidance, it would be helpful to know how many marks your son scored in Mathematics and Science specifically, and what exactly has motivated his interest in pursuing these subjects up to graduation. Also, what are his long-term goals? Suggestion: Please arrange a Psychometric Test for him. It will offer a clearer picture of his aptitude, interests, and personality, helping to identify which career paths might align best with his strengths. Academic Preparedness:
Please note that Class XI Science—especially Physics and Mathematics—is highly conceptual and more rigorous than Class X. If he faced difficulties in these subjects earlier, it’s important to bridge that gap now through: A foundation course or Summer preparation by joining any Coaching Cenre Offline or online. Coaching can be helpful, but only if the motivation comes from within. Without genuine interest, coaching may lead to burnout. If he is aiming for competitive exams like JEE (IIT, NIT), NEET, or wants to explore pure sciences at institutes like IISc or IISER, it’s vital to develop a structured study routine early on. Maintain Career Flexibility. Even if he continues with Science and Math now, he can later explore interdisciplinary fields such as: Data Science | Finance | Architecture | Design Or even emerging tech fields Choosing Science now doesn’t limit him—it actually keeps more doors open for the future. All the Best for Your Son's Prosperous Future.

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

Nayagam P

Nayagam P P  |4437 Answers  |Ask -

Career Counsellor - Answered on Apr 17, 2025

Listen
Career
I get 81.2 percentile in jee main session 1 can I get any nit?
Ans: Priyanshi, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile | Convert the Percentile to AIR, based on the Formula available in Google.
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

Nayagam P

Nayagam P P  |4437 Answers  |Ask -

Career Counsellor - Answered on Apr 17, 2025

Listen
Career
Hello ! I have low Gate Score but I can get Fuel and Energy Engg. in IIT Dhanbad and also Mineral Engg. in IIT Dhanbad. What should I do?
Ans: Shrikant, Fuel and Energy Engineering (FEE) focuses on sustainability, renewable energy, and energy systems, with potential for higher education in energy systems, sustainability, and climate tech roles. It offers more opportunities in renewables, thermal, oil & gas, and policy, while Mineral Engineering focuses on mineral processing, extraction, metallurgy, and mining operations. Both branches accept low GATE scores, making it a great chance to get into an IIT.

Choosing between Fuel and Energy Engineering and Mineral Engineering depends on factors such as interest area, job opportunities, future reach, and GATE score concerns. FEE is ideal for forward-thinking individuals interested in future energy technology and for more employment opportunities in India and abroad, while mineral engineering can provide stability for those working in core industries, PSUs, or mining businesses. If you're forward-looking, interested in emerging energy technologies, and want wider career options (in India and globally), Fuel and Energy Engineering is likely the better choice.

If you're okay with a more specialized field and potentially working in core industries, PSUs, or mining companies, then Mineral Engineering can also offer stability. All the Best for Your Admission.

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

Ravi

Ravi Mittal  |574 Answers  |Ask -

Dating, Relationships Expert - Answered on Apr 17, 2025

Asked by Anonymous - Apr 17, 2025Hindi
Listen
Relationship
i dated this muslim girl for 4 .5 months and now se is obsessed with m i dont want to continue the relationship with her , but she is saying to end her life , i didnt provoked her , and i always said her that if u feel any sorrow u can text me , will i be held responible if something goes wrong?
Ans: Dear Anonymous,
I am sorry that you are in this difficult situation; it sounds very emotionally draining. Now coming to your question, I cannot give you advice from the legal point of view but I can give you the human pov.- even though you are not responsible for anyone’s mental health, you can still be kind and helpful when someone is at a low point in their lives. You can start by telling her that you care about her, but the romantic relationship is over. And even though you two are not a couple, you will still help her get through this. Tell her that she deserves better and her life has so much value- if she does something, it will definitely affect a lot of people who deeply care for her. Encourage her to talk to someone she is close to. You can also consider alerting someone in your circle who knows the both of you and can help in this situation.

I understand how exhausting it must be to be held emotionally hostage, but since the issue is self-harm, it is best to take things seriously. You might not be able to fix it for her, but you can be kind. If she persists, please consider alerting her family. And if you are overwhelmed, please share the concerns with someone you trust. It must be difficult to carry all the burden alone.

Hope this helps.

...Read more

Ramalingam

Ramalingam Kalirajan  |8259 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 17, 2025

Asked by Anonymous - Apr 17, 2025Hindi
Money
dear Mr. Ramalingam, I'm 49 years of age and have been working abroad.. I have worth of Rs56 Lakhs of investment in stocks, have 15L in SIP and monthly about RS25K, other investments is about 20L plus i may work for another 10 years, how can i plan for my retirement FYI, i have a son who is doing engineering and will finish by 2026 and daughter is doing grade XI
Ans: You have done a good job so far. Your existing investments show your commitment to building wealth. Let us now work on giving your plan a complete 360-degree retirement approach. The goal is to create steady income and long-term stability for your future.

We will now evaluate your current financial standing and help you design a retirement strategy that works well for the next 10 years and beyond.

Let us start step by step.

 

Assessing Your Current Financial Position

You are 49 years old and plan to work for 10 more years.

 

Your son will finish engineering in 2026. Your daughter is in Grade XI now.

 

You have Rs 56 lakhs in direct stocks. That’s a solid start.

 

You are investing Rs 25,000 monthly in SIPs with Rs 15 lakhs corpus already.

 

You also have other investments worth Rs 20 lakhs.

 

Your investment journey shows discipline and patience. That is your strength.

 

Reviewing Stock Holdings and Equity Exposure

Rs 56 lakhs in stocks is a big allocation. Stocks are high risk and volatile.

 

Stock markets need constant tracking. Sudden downturns may harm your goals.

 

Please check if your stocks are concentrated in few sectors. Diversification is key.

 

Also check if your stocks are dividend paying. This helps during retirement.

 

For stability, consider reducing high-risk exposure after age 55.

 

Move some stock funds to balanced equity funds with professional fund managers.

 

Active mutual fund managers handle volatility better than passive options.

 

Index funds don’t offer downside protection. They fall as much as the market falls.

 

Active funds allow tactical moves during market falls. That’s a big advantage.

 

Please work with a Certified Financial Planner to review your stock portfolio.

 

SIP Investments – The Growth Engine

Rs 15 lakhs in SIPs shows consistent investing. Well done here.

 

Rs 25,000 monthly SIP is a good habit. You have already built discipline.

 

Try to increase the SIP amount every year. Even 10% rise yearly can help.

 

Equity mutual funds are best for retirement growth over 10+ years.

 

Don’t go with direct mutual funds. Regular plans through a trusted CFP are better.

 

A Certified Financial Planner can track, rebalance and handhold you.

 

Direct plans look cheap. But wrong fund selection can cost a lot more.

 

Regular plans come with advice, research and emotional discipline.

 

Direct plans have no safety net. Avoid mistakes by going with professional help.

 

Other Investments – Time for Consolidation

You have Rs 20 lakhs in other investments. Kindly review those with care.

 

Check if they are in ULIPs, LIC, endowment or traditional policies.

 

If yes, assess surrender value. Exit if returns are poor or locked too long.

 

ULIPs and LIC policies usually give very low long-term returns.

 

That money can earn better in mutual funds over 10 years.

 

Insurance should be separate from investments. Mixing both causes loss.

 

Surrender the policy only after comparing exit load, tax, and maturity timelines.

 

Children’s Education and Future Planning

Your son will finish engineering by 2026. Some costs will arise before that.

 

Keep separate funds ready for final year fees, project work or study abroad.

 

Your daughter is in Class XI. Her higher education will need money in 2 years.

 

Estimate the total cost for both children now. Keep money safe and liquid.

 

Avoid equity investments for education needed within 3 years.

 

Use short-term debt funds or bank FDs for that goal.

 

Keep education planning separate from retirement planning.

 

Next 10 Years – The Build-Up Phase

You have 10 strong working years left. These years are very crucial.

 

Try increasing your SIPs every year. Focus on long-term equity funds.

 

Keep adding lump sum money to mutual funds when you get bonuses or surplus.

 

Track your portfolio yearly with a Certified Financial Planner.

 

After age 55, shift some equity to conservative hybrid or dynamic asset funds.

 

Don’t time the market. Stay invested through ups and downs.

 

Start building a separate emergency fund of 6 months expenses.

 

That helps during job loss, health issue or any surprise cost.

 

Income Planning for Retirement

At 60, you need monthly income for 25+ years. Start preparing now.

 

You will need to build Rs 3 to 4 crore retirement fund at least.

 

That can come from stocks, SIPs, PF and other sources.

 

Don’t depend only on one asset class. Use a proper mix of funds.

 

Use SWP (Systematic Withdrawal Plan) from mutual funds to create monthly income.

 

SWP is tax efficient and gives flexibility. Avoid annuities. They are rigid.

 

Choose 3 to 4 mutual fund types to balance growth and income.

 

Avoid investing in index funds. They rise and fall blindly with the market.

 

Actively managed funds offer better downside control and risk-adjusted returns.

 

Tax Planning Before and After Retirement

Keep a track of capital gains tax while redeeming mutual funds.

 

Long Term Capital Gains above Rs 1.25 lakhs is taxed at 12.5%.

 

Short-term capital gains on equity are taxed at 20%.

 

Debt fund gains are taxed as per your income slab.

 

Work with a tax advisor to minimise tax while withdrawing after 60.

 

Plan your redemptions in tranches to stay within tax-free limits.

 

Health Insurance and Emergency Protection

Please ensure you have good health insurance for self and family.

 

After 60, health costs rise fast. A Rs 25 lakhs cover is ideal.

 

If you have company health cover now, take personal cover too.

 

Personal policy stays even after retirement.

 

Also take critical illness and accident protection if not already done.

 

Estate Planning and Will Creation

Please create a simple Will. Keep your family informed.

 

Nominate family members in mutual funds, stocks and bank accounts.

 

Keep one document listing all your investments and passwords.

 

Inform your spouse or child about your retirement plan and goals.

 

Keep copies of all documents and insurances in one place.

 

Finally

You are on the right track with your investments and mindset.

 

With 10 years of active income, you can build a solid retirement base.

 

Focus on increasing SIPs and reducing risky stock exposure slowly.

 

Don’t stop SIPs when market falls. Continue no matter what.

 

Separate funds for retirement, children’s education and emergencies.

 

Avoid ULIPs, index funds and direct plans. Choose funds through CFPs only.

 

Review all investments yearly with a trusted Certified Financial Planner.

 

Stay disciplined. Retirement success is not luck. It is pure planning and patience.

 

Best Regards,
 
K. Ramalingam, MBA, CFP,
 
Chief Financial Planner,
 
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Kanchan

Kanchan Rai  |580 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 17, 2025

Asked by Anonymous - Apr 17, 2025Hindi
Listen
Relationship
Hello I am 41 years old but due to careless in life I can't take decision for marriage but now I am realising something wrong happened i started searching alliance but didn't get I want to be relation soon. Please guide me
Ans: It’s completely okay to have taken time figuring out what you wanted in life. Sometimes we don’t move forward simply because we weren’t ready, or we lacked the clarity or emotional support needed at the time. But that doesn't mean you're behind. Everyone’s timeline is different, and yours is still very much unfolding.

Now that you're feeling ready for a serious relationship, here are a few steps you can take to approach this new chapter with confidence and self-awareness.

Start with clarity. Reflect on what kind of partner you're looking for—not just in terms of age or background, but emotionally and mentally. What values matter to you? What kind of connection are you seeking? Are you open to someone who has been married before? Children? When you’re clear, it becomes easier to recognize the right person when they appear.

At the same time, look inward. Do some emotional housekeeping. Ask yourself: What kind of partner do I want to be? Am I emotionally available? Am I still carrying regret, fear, or pressure about being “late” to marriage? Because entering a relationship out of guilt or urgency often leads to settling. But entering it from a place of self-respect and genuine desire creates something meaningful.

Since you're actively searching, it’s okay to use all tools at your disposal—matrimonial sites, family networks, friends, or even a good matchmaker if culturally appropriate. But be patient and realistic. Finding someone who is also ready, aligned with your values, and emotionally compatible can take time.

Also, try not to let pressure—internal or external—rush you. You don’t need a "perfect" partner; you need someone who sees you, respects you, and is willing to grow with you.

And here’s something to hold on to: many people find love in their 40s, 50s, even later—and those relationships are often more conscious, mature, and fulfilling, because they’re built on real-life experience and emotional wisdom, not just youthful impulse.

...Read more

Kanchan

Kanchan Rai  |580 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 17, 2025

Asked by Anonymous - Apr 14, 2025Hindi
Listen
Relationship
I have strict parents. I had a boyfriend for about 5 years, but my parents made me to break up with him because we belonged to different castes. I moved on from it somehow. and now i have another boyfriend (who is of the same caste), and he loves me truly, but now my parents are making me to lose all sort of contact with him and break up, in order to study. this has become a routine now, as soon as they get to know abt me being in a relationship, they make me breakup with the guy. and i am left to chose between the guy and my parents. what do i do?
Ans: From what you’ve shared, this isn’t just a one-time struggle. It’s a pattern where your desires and emotional connections are consistently overruled by parental control. That doesn’t just impact your relationships—it chips away at your autonomy, your confidence in making life decisions, and ultimately, your sense of self.

Let’s take a step back. It sounds like your parents operate from a space of fear, control, or perhaps even cultural conditioning—believing they know what’s “best” for you, even when that means disregarding your emotions. But here’s the truth: you are the one who has to live with the choices made in your life. Not them. You’re not doing something wrong by loving someone. You’re not “disobedient” because you want a say in your own future.

That being said, when you’ve grown up in a strict household, especially where obedience is confused with love, it can be incredibly hard to assert your independence without feeling crushing guilt or fear. But you need to ask yourself: What kind of life will I have if I continue to silence my heart to please others?

This doesn’t mean you need to make a drastic decision right away. But you do need to begin slowly reclaiming your emotional power. Start by asking: do I want to live in a way that makes others comfortable but leaves me emotionally unfulfilled? Or do I want to begin building the courage to live life on my own terms, even if it means disappointing people?

Your education is important, yes—but love and education are not mutually exclusive. Healthy relationships can actually support your growth, help you manage stress, and increase your emotional resilience. If your boyfriend is kind, supportive, and genuinely wants to see you thrive, that’s a blessing, not a burden.

One path you might consider is gradually building emotional boundaries with your parents—not out of rebellion, but from a place of self-respect. That might look like choosing not to share every personal detail with them, or gently but firmly asserting that your relationship is your private choice. It might mean seeking financial or emotional independence so that your choices aren't controlled by fear of what they’ll do or say.

It won’t be easy—but here’s the truth: choosing yourself doesn’t mean you don’t love your parents. It means you also love yourself.

...Read more

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.

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