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41-Year-Old Earning 1.7 Lakh Seeking Retirement Planning Advice

Milind

Milind Vadjikar  |1178 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Oct 05, 2024Hindi
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I am 41 years old........ I am earning approximately 1.7 lakh per month...... My family liability is approximately 50000 per month.......i have a liability of 10 lakh home loan for which i am paying 12500 monthly EMI.......my investment include 40000 per month in PPF, 4200 in NPS and 3 lakh invested in mutual funds......I own a house worth 70 lakh and a plot of land worth 30 lakh.......please guide me for my forther planning as i will retire at age of 54 on 2037.

Ans: Hello;

If you are sure about not using the land plot in future then I suggest you sell it and invest the proceeds into mutual funds.

So land sell proceeds(30 L) + existing corpus of 3 L if stays invested in pure equity mutual funds for next 13 years, it will yield you a corpus of 1.62 Cr.

Also I recommend you to start a monthly sip of 50 K into pure equity fund for 13 years. At the end of 13 years it may yield you a corpus of around 2.04 Cr. (A modest return of 13% is assumed for all mutual fund investments)

NPS investment will not mature till you reach 60 so I am keeping it out of our working.

Your contribution of 40 K per month to EPF+PPF(PPF contribution cannot be more then 1.5 L per person per year) will grow into a corpus of 1.1 Cr after 13 years.(A modest return of 8% is assumed)

So your comprehensive corpus in 2037 will be 1.62+2.04+1.1= 4.76 Cr.

If you buy an immediate annuity from an insurance company for your corpus of 4.76 Cr, you may expect a monthly payout of 1.66 L(post tax) considering annuity rate of 6%.

If you don't want to sell the land parcel then I recommend you to start an sip of 60 K per month for 13 years. This may yield you a corpus of 2.45 Cr after 13 years.

3 L current MF corpus will grow to 0.1469 Cr after 13 years

So your comprehensive corpus now is 2.45+1.1+0.1469=~3.70 Cr

If you buy an immediate annuity from an insurance company for your corpus of 3.7 Cr then you may expect to receive a monthly payout of 1.3 L(post tax).

Further NPS will yield you a corpus of 25.5 L at the attainment of 60 years of age.(9% return considered; hoping you will continue to contribute after your retirement at 54 age)

I am sure you have adequate term life insurance and healthcare insurance for yourself and family.

You are ready to retire at 54 as planned.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
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

Ramalingam Kalirajan  |8259 Answers  |Ask -

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

Asked by Anonymous - Jun 14, 2024Hindi
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Am 33 yrs old female, married, have no kids now. Earning 1.40 cash in hand every month. Have got emi s 35k per month for 3 yrs. Expenses of 30k. Ppf and nps of 12k per month together. And 16k per month into cashback policy commited for 10yrs and pays back from 11th year. Want to plan a home and also retirement plans. Suggest a few
Ans: It’s great that you’re proactively planning for your financial future. At 33, you have a solid income and are managing your expenses and savings well. With Rs. 1.40 lakh in hand monthly and committed investments, you’re on the right path. Let’s take a closer look at how you can achieve your goals of buying a home and planning for retirement effectively.

Understanding Your Current Financial Situation
You’re already juggling multiple financial responsibilities. Here’s a breakdown:

Income:

Monthly take-home pay is Rs. 1.40 lakh.
Monthly Obligations:

EMI of Rs. 35,000 for the next three years.
Monthly expenses of Rs. 30,000.
PPF and NPS contributions totaling Rs. 12,000.
A commitment of Rs. 16,000 per month in a cashback policy for 10 years.
Let’s sum up your current cash flows:

Income: Rs. 1,40,000
Expenses and commitments: Rs. 93,000
EMI: Rs. 35,000
Monthly expenses: Rs. 30,000
PPF and NPS: Rs. 12,000
Cashback policy: Rs. 16,000
This leaves you with a surplus of Rs. 47,000 each month.

Prioritizing Your Goals: Home and Retirement
To make a robust plan, we need to prioritize your goals. Here’s a step-by-step approach:

Short-Term Goal - Buying a Home:

You may want to buy a home in the near future, especially considering the EMI burden you’re managing now.
Let’s plan to save effectively for a down payment and subsequent EMIs.
Long-Term Goal - Retirement Planning:

Retirement is a crucial long-term goal. You’re already contributing to PPF and NPS, which is a good start.
We need to ensure that you have a diversified investment strategy for a comfortable retirement.
Evaluating Your Existing Investments
Your current investments and commitments include:

PPF and NPS (Rs. 12,000/month):

These are excellent for long-term savings and provide tax benefits.
Cashback Policy (Rs. 16,000/month):

This policy gives returns after 10 years. It’s good to reassess its value as it might not provide the best returns.
Monthly EMI (Rs. 35,000):

It’s important to clear this debt to free up cash flow for future investments.
Given these, let’s look at how to optimize your savings and investments.

Streamlining Investments for Better Returns
You’ve got a good base with PPF and NPS, but there are ways to optimize your portfolio further:

Reevaluate the Cashback Policy:

Traditional insurance plans like cashback policies often provide lower returns.
Consider surrendering this policy and redirecting funds into higher-yield investments such as mutual funds.
Focus on High-Growth Investments:

Consider equity mutual funds for higher growth potential over the long term.
Actively managed funds can provide better returns than index funds and are worth considering for diversification.
Maintain Liquidity:

Ensure you have adequate emergency savings. Six months' worth of expenses (Rs. 1,80,000) should be kept in easily accessible accounts.
Strategic Planning for Your Home Purchase
Buying a home is a significant financial commitment. Here’s how you can plan for it:

Down Payment Savings:

Start saving specifically for the down payment. Aim for at least 20% of the property value to avoid high-interest EMIs.
Future EMI Planning:

Once your current loan is paid off, you’ll have Rs. 35,000 more available monthly. Plan to use this for new EMIs.
Dedicated Savings Fund:

Set up a dedicated savings account for your home purchase. Allocate a portion of your monthly surplus (e.g., Rs. 20,000) into this fund.
Enhancing Your Retirement Plan
To ensure a comfortable retirement, consider the following:

Diversify Retirement Investments:

Beyond PPF and NPS, invest in mutual funds through SIPs. Equity funds can offer high returns over long periods.
Increase Retirement Contributions:

As your salary grows, increase your contributions to retirement funds.
Monitor and Rebalance:

Regularly review your investment portfolio. Rebalance as needed to stay aligned with your retirement goals.
Crafting a Balanced Investment Portfolio
To balance growth and stability in your investments, here’s a suggested approach:

Equity Mutual Funds:

Allocate a portion of your monthly surplus to equity mutual funds. These funds offer higher growth potential, especially if you start early.
Debt Instruments:

Continue investing in PPF and NPS for stable, long-term returns.
Balanced Funds:

Consider balanced funds that invest in both equity and debt. They offer a good mix of growth and stability.
Financial Discipline and Monitoring
Maintaining financial discipline is key to achieving your goals:

Budget and Save:

Stick to a budget to manage expenses and savings effectively. Allocate funds specifically for your goals.
Automate Investments:

Set up automated transfers to your savings and investment accounts. This ensures consistency and removes the temptation to spend.
Regular Reviews:

Review your financial plan regularly. Adjust based on changes in income, expenses, and goals.
Planning for Future Expenses
You’ve mentioned no kids currently, but future family planning could impact your finances:

Plan for Child Expenses:

If you plan to have children, consider the additional expenses and savings needed for education and upbringing.
Insurance Needs:

Ensure adequate health and life insurance coverage. This protects your family and assets in case of unforeseen events.
Leveraging Tax Benefits
Maximize your tax savings to enhance your investment returns:

Utilize Section 80C:

Contributions to PPF, NPS, and ELSS funds qualify for deductions under Section 80C. Ensure you’re using this to your advantage.
Home Loan Benefits:

When you buy a home, home loan EMIs provide tax benefits on both principal and interest components under Sections 80C and 24(b).
Tax-Efficient Investments:

Consider investments that offer tax-free returns or lower tax liability, like PPF and long-term capital gains on equity mutual funds.
Building a Comprehensive Financial Plan
To summarize, your comprehensive financial plan should include:

Debt Management:

Focus on clearing your existing EMIs to free up cash flow for future investments.
Savings and Investments:

Create a balanced portfolio with a mix of equity and debt. Focus on high-growth investments for long-term goals.
Home Purchase Plan:

Save diligently for a home down payment. Plan your future EMIs to fit within your budget.
Retirement Planning:

Diversify your retirement savings and increase contributions as your income grows. Review and adjust your retirement plan regularly.
Tax Optimization:

Maximize your tax savings through strategic investments and utilizing tax benefits on loans and savings schemes.
Final Insights
You’re on a promising path with your current financial discipline. With a strategic approach, you can achieve both your home purchase and retirement goals effectively. Simplify your investments, focus on high-growth opportunities, and maintain financial discipline to ensure a secure and prosperous future.

Streamline and Focus:

Simplify your portfolio to focus on high-growth, well-diversified investments.
Plan for the Long Term:

Keep your retirement and home purchase goals in sight. Regularly update your plan to stay on track.
Stay Disciplined:

Maintain a disciplined approach to budgeting, saving, and investing. This is key to achieving your financial goals.
If you have any questions or need further guidance, feel free to reach out. I’m here to help you navigate your financial journey.

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 Jun 23, 2024

Money
I Am 35 yrs old, working in a product based semi conductor company. 1 daughter 7 yrs old. Current salary is 2.5L after deduction take home is around 1.9L. I Home and housing plot worth 1cr( EMIs completed). Having only one liability car loan(28k per month for next 5yrs). I have MF 7.5L, Indian shares 6L, US Shares 10L, SSY 5L, NPS 2L, PF 12L. 3.5cr personal term policy, 1cr term policy from company.Ancient properties ~1Cr. Investing 60k per month for all above instruments.My future requirements are 6Cr for retirement carpus, 2cr for my kid higher studies and marriage. In next 15 yrs I want make this corpus and retire at the age of 50. Please suggest.
Ans: It's great to see you taking charge of your financial future. At 35, working in a semiconductor company with a healthy salary of Rs 2.5L, you're in a strong position. Your take-home salary is Rs 1.9L, which gives you good leverage for savings and investments.

You have a home and a housing plot worth Rs 1 crore, with no EMIs pending. That’s an excellent milestone. Your only liability is a car loan of Rs 28k per month for the next five years.

Your existing investments are quite diverse:

Mutual Funds (MF): Rs 7.5L
Indian Shares: Rs 6L
US Shares: Rs 10L
Sukanya Samriddhi Yojana (SSY): Rs 5L
National Pension System (NPS): Rs 2L
Provident Fund (PF): Rs 12L
Additionally, you have significant term insurance coverage: Rs 3.5 crore personal term policy and Rs 1 crore term policy from your company. Your ancient properties are worth around Rs 1 crore. You are currently investing Rs 60k per month across various instruments.

You aim to accumulate a corpus of Rs 6 crore for retirement, and Rs 2 crore for your daughter's higher education and marriage, within the next 15 years.

Evaluating Your Financial Goals

Your financial goals are ambitious but achievable with a structured approach. Let's break down your goals:

Retirement Corpus of Rs 6 crore in 15 years: This requires disciplined saving and strategic investing.

Rs 2 crore for Daughter's Higher Education and Marriage: Planning for these expenses in 15 years means you need to ensure growth in your investments while managing risks.

Current Investment Portfolio Analysis

Your current portfolio is well-diversified across various asset classes. Here’s a quick analysis:

Mutual Funds (Rs 7.5L): Offers potential for high returns. Consider a mix of large-cap, mid-cap, and small-cap funds for balanced growth.

Indian Shares (Rs 6L) and US Shares (Rs 10L): Good diversification. Continue monitoring and adjusting based on market performance.

Sukanya Samriddhi Yojana (Rs 5L): Great for your daughter’s future. It provides tax benefits and decent returns.

National Pension System (Rs 2L): Long-term retirement savings with tax benefits.

Provident Fund (Rs 12L): A safe and tax-efficient investment.

Term Insurance: Adequate coverage. Your Rs 3.5 crore personal term policy and Rs 1 crore from your company ensure financial security for your family.

Strategic Recommendations

1. Consolidate and Optimize Investments

It’s essential to streamline your investments to maximize returns and minimize risks.

Mutual Funds: Evaluate the performance of your current funds. Consider moving to actively managed funds for potentially higher returns. Regularly review and rebalance your portfolio with the help of a Certified Financial Planner (CFP).

Indian and US Shares: Diversify across sectors and industries. Avoid putting all your eggs in one basket. Monitor global and domestic economic trends.

Sukanya Samriddhi Yojana (SSY): Continue contributing to SSY for its tax benefits and secure returns.

National Pension System (NPS): Increase your contributions if possible. NPS offers good long-term benefits and tax savings.

Provident Fund (PF): Continue your contributions. PF is a low-risk, tax-efficient investment.

2. Increase Monthly Investment Allocation

Currently, you are investing Rs 60k per month. To meet your ambitious goals, consider increasing this amount progressively.

Prioritize High-Growth Investments: Allocate more towards mutual funds and equity shares. This can potentially offer higher returns over the long term.

Utilize Windfalls and Bonuses: Any additional income or bonuses should be invested to boost your corpus.

3. Education and Marriage Fund for Daughter

To ensure Rs 2 crore for your daughter’s education and marriage, focus on long-term growth instruments:

Child Education Plans: Invest in plans specifically designed for education goals. These often offer benefits aligned with educational milestones.

Equity Mutual Funds: Consider equity funds for higher returns. A combination of large-cap and mid-cap funds could provide balanced growth.

Regular Reviews: Monitor the performance of these investments regularly and adjust as needed with your CFP.

4. Retirement Planning

To achieve a Rs 6 crore retirement corpus, focus on a mix of high-growth and stable investments:

Diversified Mutual Funds: Increase your allocation to a diverse set of mutual funds. Actively managed funds often outperform index funds in dynamic markets.

Equity Shares: Continue investing in both Indian and US markets. Keep a balanced portfolio to mitigate risks.

NPS and PF: These are your safety nets. Continue and, if possible, increase contributions to these low-risk instruments.

5. Risk Management

Insurance: Your current term insurance is adequate. Ensure that the policies are reviewed regularly to keep up with inflation and lifestyle changes.

Emergency Fund: Maintain an emergency fund equivalent to 6-12 months of expenses. This ensures financial stability during unforeseen circumstances.

6. Debt Management

Your car loan is the only liability, with a Rs 28k EMI for the next five years.

Early Repayment: If possible, consider early repayment to free up more funds for investments.
Future Financial Strategy

1. Comprehensive Financial Plan

Work with a CFP to create a detailed financial plan. This should include:

Cash Flow Analysis: Understanding your income and expenses to identify saving potential.

Investment Strategy: Tailored to your risk tolerance and financial goals.

Tax Planning: Efficient tax planning to maximize your savings and returns.

2. Regular Financial Reviews

Schedule regular reviews with your CFP. This helps in:

Portfolio Rebalancing: Adjusting your portfolio based on market conditions and life changes.

Goal Tracking: Ensuring you are on track to meet your financial goals.

3. Continuous Learning and Adaptation

Stay informed about financial markets and investment opportunities. Adapt your strategies as required.

Final Insights

Your financial journey is well on track. You have a solid foundation with diverse investments, adequate insurance, and clear financial goals. With a focused strategy, disciplined saving, and strategic investments, achieving your retirement and educational corpus goals is within reach. Regular reviews and professional guidance will ensure that you stay on course.

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 23, 2024

Asked by Anonymous - Jul 22, 2024Hindi
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Hi, I am 45. Myself and wife together earning 2.3L p.m. We have kids of aged 11 years and 3 years. Our monthly expenses are around 90K. We have home loan of 75L with 80k EMI for a tenure of 13 years. We have 50L worth apartment, 40L in PPF, 55L in PF, 20L in NPS, 40L in MF, 10L in stocks and 10L in ULPIs. We have monthly MF SIP of 40K and 10K pm for term and health insurances. We want to retire in next 10 years. Please advice on how to plan for our future.
Ans: Current Financial Situation
You and your wife earn Rs 2.3 lakhs per month.

Your monthly expenses are Rs 90,000.

You have a home loan of Rs 75 lakhs with an EMI of Rs 80,000 for 13 years.

Your apartment is worth Rs 50 lakhs.

You have Rs 40 lakhs in PPF, Rs 55 lakhs in PF, Rs 20 lakhs in NPS, Rs 40 lakhs in mutual funds, Rs 10 lakhs in stocks, and Rs 10 lakhs in ULIPs.

You invest Rs 40,000 per month in SIPs and Rs 10,000 per month in term and health insurance.

You want to retire in 10 years.

Assessment of Current Investments
Mutual Funds
You have Rs 40 lakhs in mutual funds and a monthly SIP of Rs 40,000.

Mutual funds offer growth and diversification. Regularly review and rebalance your portfolio.

Provident Fund (PF) and Public Provident Fund (PPF)
You have Rs 55 lakhs in PF and Rs 40 lakhs in PPF. These are safe investments with steady returns. They are good for long-term planning.

National Pension System (NPS)
Your Rs 20 lakhs in NPS will provide a pension after retirement. It is beneficial for retirement planning.

Stocks
You have Rs 10 lakhs in stocks. Stocks can provide high returns but come with higher risk.

Unit Linked Insurance Plans (ULIPs)
You have Rs 10 lakhs in ULIPs. ULIPs combine investment and insurance. They often have high charges and lower returns compared to mutual funds.

Insurance
You invest Rs 10,000 monthly in term and health insurance. This is important for financial security.

Evaluating Future Needs
Retirement Goal
You want to retire in 10 years. Plan to cover expenses and maintain your lifestyle.

Home Loan
Your home loan is significant. Consider ways to reduce this burden before retirement.

Strategies for Future Planning
Increase SIP Investments
Consider increasing your SIP investments. This will help grow your corpus over time.

Diversify Your Portfolio
Diversify your investments to reduce risk and enhance returns. Consider actively managed funds for better performance.

Review ULIPs
ULIPs often have high charges. Consider surrendering ULIPs and reinvesting in mutual funds for better returns.

Regular Fund Investments
Investing through a Certified Financial Planner (CFP) ensures professional guidance. Regular funds provide this advantage over direct funds.

Pay Down Home Loan
Focus on reducing your home loan. This will reduce financial stress in retirement.

Plan for Children’s Education
Set aside funds for your children’s education. This is a significant future expense.

Emergency Fund
Maintain an emergency fund for unforeseen expenses. This should cover at least 6 months of expenses.

Review Insurance Coverage
Ensure adequate term and health insurance. This protects against unexpected events.

Disadvantages of Index Funds and Direct Funds
Index Funds
Index funds track the market. They may not provide the best returns in all conditions.

Direct Funds
Direct funds require active management by the investor. This can be time-consuming and requires expertise.

Final Insights
You have a solid financial base. Focus on increasing SIP investments and diversifying your portfolio.

Review and potentially surrender ULIPs to reinvest in mutual funds.

Work on reducing your home loan to ease financial stress.

Ensure you have adequate insurance and an emergency fund.

Consider professional guidance from a Certified Financial Planner for better investment choices.

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 Feb 03, 2025

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I am 33yr old Married man. I have my old parents, my brother and my wife live with me. I have a monthly emi of house of 80k which will end in may 2026. I have only 3 lakhs liquid funds. 3laks in mutual funds. My wife and mother have some 3lkah worth of gold. My brother earns 20k monthly. Rent of the house is 33k per month. Suggest on how to plan for future savings and by when I can retire.?
Ans: You are 33 years old and married.
You live with your wife, parents, and brother.
You have a house loan EMI of Rs. 80,000 per month, which will end in May 2026.
Your liquid funds amount to Rs. 3 lakh.
Your mutual fund investments also total Rs. 3 lakh.
Your wife and mother hold gold worth Rs. 3 lakh.
Your brother earns Rs. 20,000 per month.
You receive Rs. 33,000 per month as house rent.
Immediate Priorities
1. Emergency Fund

Your liquid funds are currently Rs. 3 lakh. This is insufficient.
Aim for at least six months of expenses as an emergency fund.
Considering your EMI and other household costs, target Rs. 5–7 lakh in a high-liquidity option.
Allocate future savings towards this goal before investing in other options.
2. Managing Your EMI Until 2026

The house loan EMI is Rs. 80,000 per month, which is a major expense.
Once the EMI ends in May 2026, you will have additional cash flow.
Avoid any new loans or large unnecessary expenses until then.
The Rs. 33,000 rent you receive can partly support the EMI.
3. Life and Health Insurance

If you do not have life insurance, get a term plan covering at least 15 times your annual income.
Ensure health insurance for yourself, your wife, and your parents with sufficient coverage.
Your brother should also consider a personal health policy.
Savings and Investment Strategy
1. Post-EMI Savings Plan

From June 2026, you will have Rs. 80,000 extra per month.
Redirect this amount towards wealth creation.
Prioritize investing in mutual funds and other growth-oriented assets.
2. Investment Mix for Future Growth

Continue SIPs in mutual funds and increase contributions after 2026.
Maintain a mix of equity and debt investments for long-term financial stability.
Gold can be kept as a backup asset but should not be your primary investment.
Retirement Planning
1. How Much Do You Need to Retire?

Your retirement corpus should be large enough to cover your future expenses.
Factor in inflation, medical needs, and lifestyle expenses.
Your goal should be at least Rs. 5–6 crore by the time you retire.
2. Estimated Retirement Timeline

If you invest aggressively post-2026, retirement by 50–55 could be possible.
Early retirement requires disciplined savings and investment growth.
The longer you stay invested, the better your corpus accumulation.
Final Insights
Focus on repaying your home loan and increasing savings.
Secure health and life insurance for risk protection.
Build an emergency fund before increasing investments.
Start long-term investments aggressively post-2026.
Aim for a retirement corpus of Rs. 5–6 crore for financial freedom.
Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

..Read more

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Nayagam P

Nayagam P P  |4437 Answers  |Ask -

Career Counsellor - Answered on Apr 17, 2025

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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.

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Nayagam P

Nayagam P P  |4437 Answers  |Ask -

Career Counsellor - Answered on Apr 17, 2025

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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!

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Nayagam P

Nayagam P P  |4437 Answers  |Ask -

Career Counsellor - Answered on Apr 17, 2025

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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.

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Ravi

Ravi Mittal  |574 Answers  |Ask -

Dating, Relationships Expert - Answered on Apr 17, 2025

Asked by Anonymous - Apr 17, 2025Hindi
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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.

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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

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Kanchan

Kanchan Rai  |580 Answers  |Ask -

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

Asked by Anonymous - Apr 17, 2025Hindi
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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.

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Kanchan

Kanchan Rai  |580 Answers  |Ask -

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

Asked by Anonymous - Apr 14, 2025Hindi
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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.

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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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