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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Oct 28, 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

Question by Tahir on Oct 28, 2024Hindi

Money

As a 41-year-old NRI (Australian citizen) with a monthly (passive) income of ?1.5 lakhs from India, I recently began investing in mutual funds on the advice of my relationship manager. Last month, I invested ?5 lakhs as a lump sum in DSP Multicap Fund - Growth and set up SIPs of ?20,000 each in the following funds: Axis Consumption Fund - Regular Plan, Canara Robeco Manufacturing Fund - Regular Plan, ICICI Prudential Bluechip Fund - Growth, Kotak Multicap Fund - Regular Plan - Growth, and Kotak Emerging Equity Fund - Regular Plan. With an investment horizon of 5-10 years, are these funds well-suited to my goals, and what kind of returns can I reasonably expect over a 10-year period?

Ans: you've started well with diversified mutual funds across sectors. Investing with a 5-10 year horizon is excellent for growth.

Let’s examine if these funds match your goals and expected returns.

Assessing Your Investment Choices
DSP Multicap Fund: Multicap funds invest in companies of various sizes. They offer flexibility to shift between large, mid, and small caps. This provides a good balance of growth and stability, especially with a long horizon.

Sectoral Funds: Axis Consumption Fund and Canara Robeco Manufacturing Fund focus on specific sectors. These funds can deliver high returns if these sectors perform well. However, sectoral funds carry higher risks due to limited diversification.

ICICI Prudential Bluechip Fund: This large-cap fund focuses on established companies. Large-cap funds typically have lower volatility and more consistent returns, making them stable for long-term investments.

Kotak Multicap Fund and Kotak Emerging Equity Fund: These funds cover multiple capitalisations, offering growth potential in mid-cap and emerging companies. With higher risk, they offer greater potential returns over a longer time.

These choices show a solid mix of large caps, multicap, and sectoral investments. This diversification will help balance returns and risks.

Investment Horizon and Expected Returns
5 to 10-Year Horizon: This horizon is ideal for equity-based investments. Over a 10-year period, your portfolio can grow through compounding, benefiting from both market upswings and patience during lows.

Expected Returns: Equity mutual funds generally offer returns between 10-12% over 10 years. Sectoral funds may go beyond this in good years but are also susceptible to volatility. Multicap and large-cap funds can deliver steady, moderate returns.

However, returns can vary based on market conditions. Staying invested during market fluctuations is crucial.

Analysing Sectoral Funds for Risks and Returns
Higher Risk with Sectoral Funds: Sectoral funds are more sensitive to economic changes in their specific sectors. For instance, consumption funds depend on consumer spending trends. Manufacturing funds rely on industrial growth.

Consideration of Broader Funds: Diversified funds, like multicap and large-cap funds, can reduce risks. Actively managed diversified funds generally outperform sectoral funds in volatile markets. They provide better protection against sudden sector-specific declines.

Given your horizon, you may consider reallocating a portion of sectoral funds into diversified funds.

Benefits of Actively Managed Funds Over Index Funds
Active Fund Management: Actively managed funds allow managers to adjust holdings based on market conditions. This flexibility leads to better risk management and maximises returns over index funds.

Index Fund Limitations: Index funds follow fixed indices and may not capture the best opportunities in fluctuating markets. Actively managed funds adapt better to market changes, potentially offering more growth in 10 years.

This portfolio's actively managed approach can optimise your returns. Relying on a Certified Financial Planner (CFP) can enhance fund selection and performance tracking.

Regular Funds vs. Direct Funds
Benefits of Regular Plans: Investing through a Certified Financial Planner (CFP) in regular funds provides ongoing guidance, especially for complex portfolios. A CFP helps with timely adjustments, ensuring your portfolio remains aligned with goals.

Direct Funds Limitations: Direct funds may seem cost-effective but lack professional guidance. Regular funds with an MFD ensure an informed investment approach and can improve returns by managing exit points and market timing.

Given the variety in your portfolio, staying with regular funds adds a layer of professional support, particularly as an NRI managing investments in India.

NRI Tax Implications for Mutual Funds
Long-Term Capital Gains (LTCG): For equity mutual funds, LTCG above Rs 1.25 lakh is taxed at 12.5%. Staying invested for the long term minimises your tax burden.

Short-Term Capital Gains (STCG): STCG on equity mutual funds is taxed at 20%. For debt mutual funds, LTCG and STCG are taxed as per your income tax slab.

These tax implications reinforce the benefit of holding your investments long-term.

Building a Stronger Portfolio
Focus on Multicap and Large-Cap Funds: Increase your allocation to multicap and large-cap funds. They balance growth with moderate risk and are adaptable to market changes.

Reduce Sector-Specific Exposure: Sectoral funds are high-risk, especially for an NRI with limited time to track each sector. You may consider reallocating sectoral funds into diversified options to reduce risk.

Continue SIPs Consistently: Your SIPs ensure steady investment growth. SIPs help average out market volatility, which suits your 5-10 year horizon.

Periodic Review with a CFP: Regular portfolio reviews with a Certified Financial Planner ensure your investments align with changing market conditions.

Final Insights
Your portfolio shows a well-diversified, growth-oriented approach, especially for a 10-year horizon. By shifting some sectoral funds into broader funds and focusing on actively managed options, you can achieve more consistent growth.

Staying invested, especially with SIPs, and regularly consulting with a Certified Financial Planner, will help you maximise returns.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

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 May 16, 2024

Asked by Anonymous - May 05, 2024Hindi

Money

I am 47 years old and investing in multiple mutual funds via Sips, few of my funds are Quant mid cap, bank of India manufacturing and infrastructure, quant value, Invesco India infrastructure, Edelweiss flexi cap, union small cap, Helios flexi cap, quant small cap, kotak infrastructure and economic, Nippon India small cap, kotak small cap, kotak blue chip, axis nifty 50 index, hdfc flexi cap, icici prudential technology and few more, are all these funds good to give good returns, shall I stay invested in this or change, please advise soon

Ans: Investing in multiple mutual funds demonstrates your commitment to diversification and wealth creation. Let's assess your current portfolio and determine if any adjustments are needed to optimize returns and mitigate risks.

Reviewing Your Mutual Fund Portfolio
Your portfolio comprises a diverse range of funds across various categories and sectors, reflecting a well-rounded investment strategy. However, it's crucial to evaluate each fund's performance and suitability for your financial goals.

Analyzing Fund Selection
Active vs. Index Funds: Active funds like the ones you've invested in have the potential to outperform the market by leveraging fund managers' expertise and research. However, index funds offer lower costs and may be more suitable for passive investors.

Sector Funds vs. Diversified Funds: Sector funds, such as technology or infrastructure funds, focus on specific industries, offering potential for higher returns but also carrying higher sector-specific risks compared to diversified funds.

Identifying Potential Challenges
Overlapping Holdings: Review your portfolio for overlapping holdings across multiple funds, which can lead to concentration risk and compromise diversification benefits.

Expense Ratio: Assess the expense ratio of each fund, as higher expenses can erode returns over time, especially in actively managed funds.

Evaluating Performance
Fund Performance: Evaluate the historical performance of each fund relative to its benchmark and peers. Look for consistency in returns and fund manager track record.

Risk Management: Consider the risk profile of each fund and ensure it aligns with your risk tolerance and investment horizon.

Recommendations for Portfolio Optimization
Consolidation: Consider consolidating your portfolio by pruning underperforming or overlapping funds to streamline your investments and enhance portfolio efficiency.

Focus on Quality: Prioritize funds with strong fundamentals, experienced fund managers, and consistent performance over the long term.

Diversification: Maintain a balanced asset allocation across different fund categories to mitigate risk and capture opportunities in various market conditions.

Addressing Sector Exposure
Diversification Strategy: While sector funds offer potential for high returns, they also carry concentrated sector-specific risks. Consider reallocating some investments from sector funds to diversified funds to enhance portfolio diversification.
Conclusion
While your current mutual fund portfolio demonstrates diversification and investment discipline, it's essential to periodically review and adjust your investments to align with your financial goals and market conditions. Consider consulting with a Certified Financial Planner for personalized advice tailored to your needs and objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.i

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jun 17, 2024

Asked by Anonymous - Jun 17, 2024Hindi

Money

I 40 years now and Just now i have invested lumpsum amount in following mutual funds- all are direct growth 1. Quant smalcap fund - Rs 300000 2. Quant midcap fund - Rs 300000 3. Nippon India muticap - Rs 200000 4. ICICI Pru bluechip fund - Rs 200000 5. Canara rabeco emerging eqt -Rs 50000 Just now started SIP in following funds. 1. Quant smalcap fund - Rs 4000 2. Quant midcap fund - Rs 4000 3. Quant Active fund - Rs 4000 4. ICICI Pru Debt & equity -Rs 4000 5. Parag perigkh flexicap - Rs4000 Is this funds are good for long run for a period of 10 years?. How much amount I can expect after 10 years. My goal is to Construct a own house after 10 years.

Ans: Congratulations on taking a significant step toward building your financial future by investing in mutual funds. At 40, you are making a smart move by planning for your long-term goal of constructing your own house. Your current investments and SIP (Systematic Investment Plan) choices reflect a well-thought-out strategy for wealth accumulation over the next 10 years. Let's evaluate and understand the potential of your investment portfolio in detail.

Understanding Your Lump Sum Investments
Diversification Across Market Capitalization
Your lump sum investments include a mix of small-cap, mid-cap, multicap, blue-chip, and emerging equity funds. This diversification helps in spreading risk and capturing growth across different market segments.

Small-Cap and Mid-Cap Funds: These funds have high growth potential but come with higher risk. Over a 10-year period, these funds can provide significant returns if the market conditions are favorable.
Multicap and Blue-Chip Funds: These funds invest across various market capitalizations, providing a balanced approach. Blue-chip funds, specifically, offer stability as they invest in well-established companies.
Emerging Equity Fund: Investing in emerging sectors can be beneficial as these sectors have the potential for substantial growth in the future.
Potential Growth and Risks
Investing Rs 3,00,000 each in small-cap and mid-cap funds shows a high-risk appetite, which can be rewarding over the long term. The Rs 2,00,000 investments in multicap and blue-chip funds provide a cushion against volatility, balancing the portfolio. The Rs 50,000 in the emerging equity fund is a strategic move to tap into new growth areas.

Systematic Investment Plan (SIP) Contributions
Regular Investment Discipline
Starting SIPs in multiple funds ensures a disciplined approach to investing, taking advantage of rupee cost averaging and compounding benefits.

Small-Cap and Mid-Cap Funds: Continuing SIPs of Rs 4,000 each in these funds reinforces your growth strategy. Consistent investments will help mitigate market volatility over time.
Active Fund: SIP of Rs 4,000 in an active fund shows your trust in fund managers' expertise to outperform the market.
Debt & Equity Fund: This balanced approach with a Rs 4,000 SIP ensures you have a mix of stability and growth.
Flexicap Fund: A Rs 4,000 SIP here provides flexibility to invest across various market caps, enhancing diversification.
Balancing Risk and Return
Your SIPs indicate a balanced approach towards growth and stability. By investing Rs 20,000 monthly across these funds, you are steadily building your corpus, reducing the impact of market fluctuations, and benefiting from potential long-term growth.

Evaluating Your Investment Choices
Long-Term Growth Potential
Your chosen funds have the potential to grow significantly over the next 10 years. Historical data suggests that well-managed mutual funds, particularly in small-cap and mid-cap categories, can offer impressive returns. However, they are also subject to market risks.

Importance of Active Management
Actively managed funds have the advantage of fund managers making strategic decisions to maximize returns. While passive funds like index funds simply track the market, actively managed funds aim to outperform. Your choice of actively managed funds reflects a desire for potentially higher returns through expert management.

Assessing the Disadvantages of Direct Funds
Direct mutual funds have lower expense ratios since they do not involve intermediary commissions. However, without the guidance of a Certified Financial Planner (CFP), you might miss out on professional advice, which can be crucial for optimizing your investment strategy. A CFP provides valuable insights and helps in tailoring your portfolio to meet specific goals.

Expected Returns and Goal Achievement
Potential Corpus After 10 Years
Predicting exact returns is challenging due to market volatility. However, based on historical performance, equity mutual funds have the potential to yield substantial returns over a decade. Assuming a conservative average annual return, your lump sum and SIP investments can grow significantly, helping you reach your goal of constructing a house.

Importance of Regular Review
It is essential to regularly review your portfolio with your CFP. This ensures your investments remain aligned with your goals and market conditions. Adjustments may be needed to optimize performance and mitigate risks.

Benefits of Working with a Certified Financial Planner
Professional Guidance
A CFP can provide personalized advice, ensuring your investment strategy aligns with your long-term goals. Their expertise helps in navigating market complexities and making informed decisions.

Tailored Investment Strategies
CFPs consider your risk tolerance, financial goals, and market conditions to design a tailored investment plan. They help in balancing your portfolio and ensuring it adapts to changing circumstances.

Investing is a journey that requires patience and persistence. It's commendable that you are planning for a significant goal like constructing your own house. Your disciplined approach through lump sum investments and SIPs shows a strong commitment to your future. Understanding the risks and rewards associated with your chosen funds is crucial, and it's great to see you taking proactive steps.

Final Insights
Your current investment strategy, with a mix of lump sum and SIP investments in diversified mutual funds, is well-suited for long-term growth. By maintaining this approach and regularly consulting with your CFP, you are on a promising path toward achieving your goal of constructing your own house in 10 years. Stay focused, keep reviewing your portfolio, and adapt as necessary to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 24, 2024

Asked by Anonymous - Oct 24, 2024Hindi

Money

Hello Sir, I am 45 years old and is looking to invest in mutual funds for 10 years. My risk taking ability is moderate and is planning for a corpus of 2 cr. Following are the SIPs I invest monthly, please let me know if I need to make any changes. SBI Bluechip Fund - 5000 Mirae Asset Large and Midcap Fund - 4000 HSBC Midcap Fund - 4000 SBI Smallcap Fund - 5000 ABSL Flexicap Fund - 5000 Parag Parikh Flexicap Fund - 5000 Nippon India Smallcap Fund - 5000 Quant Flexicap Fund - 6000 Quant Multicap Fund - 6000

Ans: Hello;

Since you have moderate risk profile, I propose the following type of funds and respective sip allocation;

1. Flexicap type mutual fund:15 K
PPFAS flexicap fund
2. Large cap type mutual fund :15 K
ICICI Pru Bluechip fund
3. Large and Midcap type mutual fund: 15 K
Mirae Asset Large and Midcap fund

This will ensure your exposure to large caps is high, mid caps is medium and small caps is low.

For further risk moderation you may also consider hybrid funds like BAFs and aggressive hybrid equity oriented funds but the time horizon may need to be extended in that case.

This SIP(45 K) over 10 years will only yield you a corpus of 1 Cr.

If you are aiming 2 Cr in 10 years then I would recommend you to either double the sip amount to 90 K from 45 K or top-up the sip amount of 45 K by a minimum of 17% each year upto 10 years to reach your intended corpus of 2 Cr.(12% moderate return considered from pure equity mutual funds)

Happy Investing;

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

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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).
• Alder Hey International Fellowship Scheme (Anaesthetics)
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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
• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
• Canterbury Christ Church University
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• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
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• Essex Partnership University NHS Foundation Trust – EPUT Advanced Fellowship in Psychiatry
• Frimley Health NHS Foundation Trust – International Fellowship in Regional Anaesthesia combined with MSc in Principles of Regional Anaesthesia at the University of East Anglia
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• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
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• Hertfordshire Partnership University NHS Foundation Trust
• Hull University Teaching Hospitals NHS Trust – International Fellows at Hull University Teaching Hospitals NHS Trust
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• Imperial College Healthcare NHS Trust – Emergency Medicine
• Imperial College Healthcare NHS Trust – Haematology
• Imperial College Healthcare NHS Trust – International Anaesthesia Trainees
• Imperial College Healthcare NHS Trust – Intensive Care Medicine
• Imperial College, London - Clinical Research
• King’s College Hospital NHS Trusts – International Critical Care Fellowship
• King’s College Hospital NHS Trusts – Paediatric Critical Care Fellowship
• Lancashire & South Cumbria NHS Foundation Trust - Psychiatry specialty Fellowship Scheme
• Lancashire Teaching Hospitals NHS Trust - Overseas Registrar Development and Recruitment (ORDER)
• Leeds Teaching Hospitals NHS Trust – International Fellowship Programme
• Leicestershire Partnership NHS Trust – International Medical Fellowship Programme in Psychiatry
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• Lysholm Dept of Neuroradiology – National Hospital for Neurology and Neurosurgery, UCL
• Manchester University NHS Foundation Trust – International Fellowship Programme
• Midlands Partnership NHS Foundation Trust
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• Somerset NHS Foundation Trust – Psychiatry Overseas Doctors Sponsorship Scheme
• South Warwickshire University NHS Foundation Trust - GMC Multispecialty Sponsorship Scheme
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• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Aug 02, 2024Hindi

Career

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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