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Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

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

Asked by Anonymous - Jun 27, 2024Hindi

Money

I am 40 year old. I have a salary of 65000 rs. My wife takes care of the house, my parents and our 1.8 year old daughter. I live in a rented property. I am want to buy a property in gurgaon which is suitable for whole family. I have sold a property I pre-owned in gurgaon in 3300000. But now as property rates are on hike am not able to search for a suitable property. Help me search a property and plan my daughter's future as well.

Ans: Planning to buy a property in Gurgaon and securing your daughter’s future requires a comprehensive strategy. As a Certified Financial Planner, I will guide you through the process with empathy and understanding, providing genuine compliments and professional advice. Let's break down the steps in an easy-to-follow manner.

Understanding Your Current Financial Situation
First, let's look at your current financial status. Your salary is Rs. 65,000 per month, and your wife takes care of the household, your parents, and your young daughter. Living in a rented property in Gurgaon, you aim to buy a home suitable for your entire family.

Funds from Property Sale
You recently sold a property in Gurgaon for Rs. 33,00,000. This amount will significantly contribute to your new property purchase. Given the rising property rates, finding a suitable home within your budget can be challenging but manageable with proper planning.

Property Search in Gurgaon
Set a Budget
Your budget for purchasing a property should include the amount from your property sale and any additional funds you can allocate. Given the sale amount of Rs. 33,00,000, aim to add some savings to this amount if possible.

Determine Your Requirements
Assess your family's needs in terms of space and amenities. Consider the following:

Number of bedrooms
Proximity to schools and hospitals
Access to public transportation
Safety and neighborhood quality
Explore Financing Options
You might need to take a home loan to cover any shortfall. Check your eligibility based on your income and credit score. Banks typically offer home loans up to 80% of the property value. Ensure the EMI is manageable within your monthly budget.

Research Property Options
Look for properties in Gurgaon that fit your budget and requirements. Areas like Sector 56, 57, and Sohna Road offer good residential options. Consider contacting real estate agents or using property search websites to explore listings.

Planning Your Daughter’s Future
Secure Education and Marriage Funds
Your daughter is 1.8 years old, giving you time to plan for her education and marriage. Start by estimating the future costs for both these milestones.

Investment Options for Her Future
Fixed Deposits and Recurring Deposits
FDs and RDs are safe options for securing funds. They offer guaranteed returns and can be a good choice for short-term goals.

Public Provident Fund (PPF)
PPF is a long-term, tax-free investment option. It is excellent for accumulating a substantial amount over time due to its compounding nature.

Mutual Funds
Mutual funds can provide higher returns over the long term. Consider equity mutual funds for higher growth potential, keeping in mind the risk associated.

Building a Comprehensive Financial Plan
Emergency Fund
Maintain an emergency fund covering at least 6 months of expenses. This fund will provide financial security during unexpected situations.

Insurance Coverage
Ensure you have adequate life and health insurance coverage. Life insurance will secure your family’s future, while health insurance will cover medical expenses.

Evaluating Investment Strategies
Active vs. Passive Funds
Active funds are managed by professionals aiming to outperform the market. They can be beneficial due to their potential for higher returns compared to index funds, which merely replicate market indices.

Benefits of Regular Funds
Investing through a Mutual Fund Distributor (MFD) with CFP credentials offers several advantages:

Professional guidance
Personalized advice
Better fund selection based on your risk profile
Disadvantages of Index Funds
While index funds have lower fees, they lack the potential for higher returns that actively managed funds offer. They simply track the market and do not aim to outperform it.

Regular Monitoring and Review
Regular Review of Investments
Periodically review your investment portfolio to ensure it aligns with your goals. Adjust the allocation based on changing market conditions and personal circumstances.

Professional Advice
Consulting with a Certified Financial Planner regularly can help you stay on track with your financial goals. They can provide personalized advice and make necessary adjustments to your plan.

Buying a Property: Key Considerations
Legal Verification
Ensure the property has clear legal titles. Verify documents such as the sale deed, land records, and approvals from local authorities.

Home Loan Process
Compare home loan offers from different banks. Consider factors like interest rates, loan tenure, and processing fees. Ensure the EMI fits comfortably within your budget.

Property Valuation
Get the property valued to ensure you are paying a fair price. This step helps in negotiating the purchase price and securing the right loan amount.

Final Insights
Buying a property in Gurgaon and planning your daughter's future requires meticulous planning and execution. By setting a realistic budget, exploring financing options, and selecting suitable investment avenues, you can achieve your goals. Regularly review your financial plan with the help of a Certified Financial Planner to ensure it remains aligned with your objectives. Remember, the right financial strategy will provide security and growth for your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 12, 2024

Asked by Anonymous - Feb 21, 2024Hindi

Money

Is there any answer for my query asked on 07 Jan 2024. Male 42 Year, Wife 38 (housewife), Two Kids age 9 and 5.5 (both school going), living in Ghaziabad, Job in Gurugram. I had a loss of my own property when my brother cheated on me, then I had another loss of around 25L in a property. Because of this, I disturbed mentally and physically both. Currently living on rent in Ghaziabad and doing daily up & down to Gurgaon for job which takes around 4.5 hrs. Thought of shifting to Gurgaon, but because of cost factors (like daily expenses, rent, school fees etc) are very high in Gurgaon as compared to Ghaziabad. But not at the age of 42, health does not allow the 4.5 hrs of daily journey as well as my kids want my time also. Ultimately, point is that, if I will stay in GZB and purchase a property here, I will have to commute daily for 4.5 hrs OR if I'll go to Gurgaon, meeting the expenses are difficult. Kindly suggest.

Ans: It sounds like you're facing a challenging situation with various factors to consider. Here are a few suggestions:

Consider prioritizing your health and well-being: A 4.5-hour daily commute can take a toll on your physical and mental health, especially considering your age and family responsibilities.

Evaluate your financial situation carefully: Compare the costs of living in Ghaziabad versus Gurgaon, including rent, school fees, and daily expenses. Look for ways to optimize your budget and potentially increase your income through avenues like investments or additional sources of revenue.

Explore alternative living arrangements: Look for more affordable housing options closer to your workplace in Gurgaon or explore the possibility of telecommuting if your job allows it.

Seek professional guidance: Consider consulting with a financial advisor or counselor who can help you assess your options objectively and make informed decisions based on your priorities and financial situation.

Ultimately, prioritize your health, family well-being, and financial stability when making your decision. It may require some careful planning and adjustments, but finding the right balance is crucial for your overall happiness and success.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - May 07, 2024Hindi

Money

Hi Sir, Me and my wife both are 40 years old. Together, we both earn around Rs. 2.5 lacs per month. We have around Rs. 1cr in MF and 50 lacs in Stocks. We are investing monthly SIP of Rs. 1 lacs per month.All the SIPs are equity oriented.Paying Rent Rs. 45k and our monthly expense is around 90 k (including rent). We have 2 kids ( 7 years and 2 years), one is having medical (Cerebral Palsy) Issue. We plan to buy a house in Gurgaon. What should be our Ideal budget to buy a property? Understanding 1 kid will always be dependent on us . No other EMI as of now.

Ans: Here's some guidance on your ideal budget for a property in Gurgaon:

Financial Strength:

Combined Income: Rs. 2.5 lacs per month is a good starting point.
Savings: Rs. 1.5 cr (Rs. 1 cr in MF + Rs. 50 lacs in Stocks) is a significant sum.
Investments: Rs. 1 lac monthly SIP shows strong saving habits.
Challenges:

Dependent Child: Having a child with Cerebral Palsy will require long-term financial planning for their care.
Monthly Expenses: Your current expenses are Rs. 1.35 lacs (including rent).
Considering these factors:

Don't stretch too thin: While you have a good income and savings, prioritize your child's needs and future medical care.
Target a 15-20 year loan term: This keeps your monthly EMI manageable.
Recommended Budget:

Focus on affordability: Aim for a property with a total cost (including registration and other charges) between Rs. 50 lacs - Rs. 1 crore. This translates to a monthly EMI of around Rs. 30,000 - Rs. 60,000 (assuming a 15-20 year loan term).
Location: Consider areas in Gurgaon with good healthcare facilities and accessibility for your child's needs. Explore areas like Sectors 56, 70, 84 or Gurgaon outskirts like Sohna or New Palam Vihar which may offer better affordability.
Additional Tips:

Talk to a Financial Advisor: Discuss your situation with a Certified Financial Planner (CFP) to create a personalized financial plan considering your child's needs and future goals.
Research Property Options: Look for resale flats, builder floors, or upcoming projects in your budget range. Use online portals like MagicBricks or NoBroker to get an idea of prevailing prices.
Factor in Additional Costs: Remember, there are additional costs besides the property price – registration charges, stamp duty, maintenance fees, etc.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 22, 2024

Question by Akshay - May 14, 2024Hindi

Money

Hi, i am currently 33 and my wife is 31. We have a daughter who's just 5 months old. We have savings of 37 Lakhs in PPF, 20 lakhs in PF, 6 lakhs in NPS and 3.5 lakhs in stocks. We three still live in a rented home in Gurugram whose rent is 53k . We have parental properties of 3 Cr and a few plots. Our combined income is 3.5 LPA per month. Pls suggest me if i should invest in a property in gurugram as the property prices have sky rocketed. If so what should be my budget? We need to also secure my kids future. Can you let us know how should we budget our expenses?

Ans: Investing wisely is essential for securing your family's financial future. You have significant savings and a steady income, and you want to ensure a prosperous future for your child. Given the high property prices in Gurugram, it's crucial to evaluate whether investing in real estate is the best option. We will also explore how to budget your expenses effectively.

Evaluating Real Estate Investment
Rising Property Prices
Property prices in Gurugram have indeed skyrocketed. Investing in real estate requires careful consideration of several factors, including the market trends, your financial stability, and future needs.

Market Trends
Gurugram's real estate market has seen significant growth. While this might suggest potential for appreciation, it also means high initial costs and potential volatility.

Financial Stability
You have substantial savings and a combined income of ?3.5 lakhs per month. This financial stability is beneficial, but investing a large sum in property might limit your liquidity.

Alternatives to Real Estate
Instead of locking a significant portion of your funds in property, consider diversified investments. This approach can offer growth potential with managed risk.

Mutual Funds
Investing in mutual funds, especially actively managed ones, can provide good returns. These funds allow for professional management and diversification across various sectors.

Equity Funds
Equity funds, particularly large and mid-cap funds, can offer substantial growth. These funds invest in established companies, providing a balance of risk and return.

Financial Impact of Buying Property
Initial Costs
Buying property involves a substantial initial investment. This includes down payment, registration fees, and other related expenses.

Ongoing Costs
Maintenance, property tax, and potential loan EMIs add to the financial burden. It's essential to consider if these costs align with your long-term financial goals.

Securing Your Child’s Future
Education Planning
Planning for your child's education is crucial. Education costs are rising, and starting early can help in accumulating the necessary funds.

Education Savings Plans
Consider investing in education savings plans that offer tax benefits and growth potential.

Systematic Investment Plans (SIPs)
SIPs in mutual funds can help accumulate wealth systematically over time. By investing a fixed amount regularly, you can benefit from rupee cost averaging and compounding.

Health and Insurance
Ensuring adequate health and life insurance is vital. It protects your family against unforeseen expenses and provides financial security.

Health Insurance
A comprehensive health insurance plan covers medical expenses, ensuring you don’t have to dip into savings during health emergencies.

Life Insurance
Adequate life insurance ensures your family’s financial stability in case of any unfortunate event. Consider a term insurance plan for high coverage at a lower cost.

Effective Budgeting
Monthly Income and Expenses
With a combined monthly income of ?3.5 lakhs and a rent expense of ?53,000, it’s important to allocate your funds wisely.

Fixed Expenses
Fixed expenses include rent, utilities, and insurance premiums. Ensure these are covered first from your monthly income.

Variable Expenses
Variable expenses include groceries, transportation, and entertainment. Tracking these helps in identifying areas where you can save.

Savings and Investments
Allocating a portion of your income to savings and investments is crucial for financial growth and security.

Emergency Fund
Maintain an emergency fund covering 6-12 months of living expenses. This fund provides a safety net during unforeseen situations.

Investment Portfolio
Diversify your investment portfolio across various asset classes to balance risk and return. This includes equities, mutual funds, PPF, and NPS.

Debt Management
If you have any existing loans, prioritizing repayment is essential. Reducing debt improves your financial health and increases disposable income for investments.

Long-Term Financial Planning
Retirement Planning
Start planning for retirement early to ensure a comfortable and secure future.

NPS and PPF
Continue contributing to your NPS and PPF accounts. These offer tax benefits and long-term growth, essential for retirement corpus.

Mutual Funds
Investing in mutual funds can provide the necessary growth to build a substantial retirement corpus.

Estate Planning
Ensure your assets are managed and distributed according to your wishes through proper estate planning.

Will and Trust
Create a will to specify how your assets should be distributed. Consider setting up a trust for smooth and tax-efficient transfer of wealth.

Legal Consultation
Consult a legal expert to ensure all estate planning documents are in order and comply with legal requirements.

Conclusion
Investing in real estate in Gurugram requires careful consideration due to high property prices and potential financial constraints. Diversifying your investments across mutual funds, equities, and other financial instruments can provide better growth and liquidity. Planning for your child’s education, health insurance, and retirement are crucial steps towards securing your family’s future. Effective budgeting and debt management will further strengthen your financial position. Consulting a Certified Financial Planner can provide personalized advice to optimize your financial strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Question by komal - Jul 14, 2024Hindi

Money

Hi I am 33 years old female i currently not having any savings but i want to start i hva 60lcs worth house no emis no loans.. salary 91k per month.. expenses most of 25k - 30K per month. Let me know how i can i plan where to invest i have 2years old daughter i am looking to first buy a property in next 5 years and to save for my child education. Thanks kindly help me tostart my journey

Ans: Current Financial Snapshot
Age: 33 years
Salary: Rs. 91,000 per month
Expenses: Rs. 25,000 - 30,000 per month
Assets: Rs. 60 lakh house (no EMIs or loans)
Goals: Buy a property in 5 years, save for child's education
Dependents: 2-year-old daughter
Creating an Emergency Fund
Importance of an Emergency Fund
Security: Protects against unforeseen expenses
Peace of Mind: Ensures financial stability
Recommendation
Target Amount: 6 months of expenses, around Rs. 1.5 lakh
Investment Option: Liquid funds for easy access and better returns than savings accounts
Starting Systematic Investments
Systematic Investment Plan (SIP)
Benefit: Rupee cost averaging and disciplined investing
Initial Amount: Start with Rs. 15,000 per month
Diversification
Equity Funds: High growth potential, long-term gains
Debt Funds: Stability, lower risk
Saving for Child's Education
Education Planning
Estimate Costs: Account for inflation in education expenses
Investment Options: Child-specific mutual funds and PPF
SIPs for Education
Dedicated SIP: Start a dedicated SIP of Rs. 10,000 per month for your child’s education
Equity Exposure: Focus on equity funds for long-term growth
Planning for Property Purchase
Property Investment
Timeline: Plan to buy property in the next 5 years
Down Payment: Save at least 20% of the property cost
Monthly Savings
Dedicated Savings: Save Rs. 20,000 per month for down payment
Investment Vehicle: Use recurring deposits or short-term debt funds for stability
Insurance Coverage
Life Insurance
Recommendation: Purchase a term insurance plan
Coverage: Sum assured should be at least 10 times your annual income
Health Insurance
Recommendation: Get a comprehensive health insurance policy
Coverage: Include family floater plan to cover your daughter as well
Retirement Planning
Long-Term Goal
Start Early: Begin investing for retirement now for compounding benefits
Investment Options: NPS and diversified equity funds
Monthly Contribution
Recommendation: Allocate Rs. 10,000 per month towards retirement
Additional Recommendations
Regular Reviews
Financial Check-Ups: Review your financial plan every 6 months
Adjustments: Make necessary adjustments based on changing circumstances
Professional Guidance
Certified Financial Planner: Consult a CFP for personalized advice
Regular Funds: Invest through a Mutual Fund Distributor with CFP credential for better support and guidance
Final Insights
Build an emergency fund first.
Start SIPs for disciplined investing.
Save specifically for child’s education.
Plan for property purchase within 5 years.
Ensure adequate insurance coverage.
Begin retirement planning early.
Regularly review and adjust your financial plan.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Nov 19, 2024Hindi

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Hello sir I am mbbs graduated from russia in 2020,n passed with my fmge exam in india in 2021, I want to ask if i want to practice medicine or work as doctor in uk ? Is it necessary for me to pass plab exam exam? Or if i get sponsorship from any uk i will be able to work there and simultaneously i will give plab exam?? Please guide me i m so confused?

Ans: Hi, I understand that you pursued a medicine course in Russia (a non-European country) and, since you are from India, you have completed the FMGE. Now you want to practice or work in the UK as a doctor?

Based on your question, you are eligible to practice in India after completing your internship (which you haven't mentioned, but I assume you have completed it). The FMGE is essentially a licensure exam for Indian students who have completed their medical studies abroad, so you are eligible to practice in India only.

If you want to practice medicine in the UK, you need to complete the PLAB test, as you are from outside the UK/Switzerland/European countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland).

You also inquired about sponsorship. Here is the information related to sponsorship for practicing medicine in the UK.
(Extracted from general medical council, uk org. )Applying for registration using sponsorship
If you apply through sponsorship, you will have to satisfy the sponsor that you possess the knowledge, skills and experience required for practising as a fully registered medical practitioner in the UK. Each sponsor has their own scheme which we have pre-approved. If you can satisfy the requirements of their scheme, they will issue you with a Sponsorship Registration Certificate (SRC) which you will need for your application with us. Please ensure this is a Sponsorship Registration Certificate for GMC registration, as we can’t accept UK visa sponsorship certificates for your application for registration.
Please note that a core part of all sponsors' criteria is that a doctor applying for an offer of sponsorship must have been engaged in medical practice for three out of the last five years including the most recent 12 months. If you cannot meet these minimum criteria, it is unlikely that you'll be able to supply sufficient evidence to support your application for sponsorship.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
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• Betsi Cadwaladr University Health Board - BCUHB IMG Sponsorship Scheme
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• 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
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• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
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• Guy’s and St Thomas’ NHS Hospitals Foundation Trust – Oncology Specialty Training
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• 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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• Royal College of Surgeons of England
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KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Aug 02, 2024Hindi

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I’m mbbs final year student from Kathmandu university want pg medicine from UAE

Ans: You have provided very limited information. I understand that you are a student from Kathmandu University and wish to pursue higher education in medicine in the UAE. To provide a more accurate response, I need the following details:

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

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Dec 20, 2024Hindi

Career

Sir my son has 92 percentile in cat 2024..what are his scopes of admission.

Ans: Hi Sir,
You have provided very limited information to obtain the details. However, the percentile of the candidate will not solely determine the admission process. Other factors are also involved, including:

- Course
- Institution
- Caste
- Creamy layer
- Gender

But, there may be possibilities for admission to the following IIMs: IIM Visakhapatnam, Udaipur, Bodhgaya, Shillong, and Rohtak.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.

Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

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

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Kanchan Rai |444 Answers |Ask -Follow

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

Question by Kevin - Dec 19, 2024Hindi

Relationship

I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.

Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

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

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

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

My Question is for New Tax Regime for Financial Year 2024 – 25. Total gross Income is Rs.9 lakhs and along with that income from share / stock trading i.e short term gains of Rs. 1 lakh. Could you please help me advise if what would be the tax liability?

Ans: 01. Considering your Income of Rs.9.00 lakhs as business income & Rs.1.00 lakh as STCG on securities, without any tax savings, your tax liability would be around Rs.62,400.00 in New tax regime. If we opt for the old tax regime, your tax liability would be much more than this.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

I got a residential property through will from my mother,,property is 30 years old and i am planning to sell it, in that case i am going to get Rs 165lacks,, what will be the tax implication and how to avoid the same kindly advise i am 55 years old married man with a daughter

Ans: 01. In this case, you would be subjected to LTCG (Long Term Capital Gain) tax.
02. To work out LTCG, you should reduce its Cost from the Sale proceeds (Rs.165.00 lakhs).
of property, which was costed to your mother.
03. However, following details may help you to assess your tax liability.
Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. To avoid tax, you may invest in purchase of some house property. Exemption available would be minimum of Cost of new house property or the LTCG, which ever is less.
06. You have the option to purchase Capital Gain Bonds of NHAI etc., for tax saving.
07. Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

Hello Sir, I worked in a Pvt Ltd company from 2006 to 2011, and they had their own PF trust. The company was later sold off to another firm. I still haven't withdrawn the my PF amount. How will i be able to do that. I have the PF number and ESP number. Since this was before 2011 , my UAN is not linked to this account. How will i be able to retrieve my PF amount that is still stuck here.

Ans: Kindly keep in touch with your previous employer (present owner of the company), in this connection. There should not be any problem in getting your PF amount, except certain formalities/ forms to be submitted.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Dear Guru. I have inherited a property in Mumbai from my deceased father which was purchased in 1983 by him. If today i sell the property which is worth 2.60 Crs whats my capital gains tax and how will it be calculated

Ans: 01. In absence of exact figures, it is not possible to calculate your Capital Gains Tax. However, following details may help you to assess your tax liability.
02. Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

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

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

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

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

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

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

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

See more questions »

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

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