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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

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

Asked by Anonymous - Mar 22, 2024Hindi

Money

I am 44years professional working in Engineering field. My total monthly income is 300k. I get 225k net in hand from Salary and have a rental income of 75k from three properties. I invest monthly 12.5k in PPF, 5k in MF, 5k in Gold Funds. I have two home loans of 40lacs and 50lacs on two properties and my EMI is 87k. Current RoI is 10.65% and 9.55% respectively. Since I have bank's max gain scheme, I park all my surplus funds in my home loan account to save on interest. Shall I continue doing extra loan repayments or shall I consider investing in other avenues having higher returns? Also my PPF is maturing in this month and is considering repayment & closure of one of my home loan account with these PPF maturity funds. Is this a correct approach, since I am expecting major educational expenses for my elder son in couple of years?

Ans: Your financial discipline and diversified income sources are commendable. Let's delve into your current financial situation and provide some suggestions:

Home Loan Repayment:
Extra Loan Repayments: Given the current interest rates on your home loans, making extra repayments can save you significant interest over the loan tenure. The max gain scheme allows you to park surplus funds in your home loan account, reducing the interest burden effectively.
Interest Rate Comparison: Ensure you compare the interest rates on your home loans with potential returns from other investment avenues to make an informed decision. If you expect higher returns from other investments, consider allocating a portion of your surplus funds there.
Investment Avenues:
Equity Mutual Funds: Given your age and investment horizon, consider increasing your allocation to equity mutual funds. Equity has the potential to offer higher returns over the long term compared to other asset classes.
Diversification: Diversify your portfolio across different asset classes like equities, debt, and gold to mitigate risks and achieve balanced growth.
Emergency Fund: Ensure you have an emergency fund set aside to cover 6-12 months of living expenses. This fund should be easily accessible and not invested in market-linked instruments.
PPF Maturity:
Loan Repayment: Using the PPF maturity amount to repay and close one of your home loan accounts is a prudent decision, as it will reduce your debt burden and interest outgo.
Educational Expenses: With major educational expenses for your elder son on the horizon, reducing your debt burden can free up cash flow to fund these expenses without straining your finances.
Financial Planning:
Goal Planning: Define your financial goals, including retirement, children's education, and other long-term goals. Allocate your investments based on the time horizon, risk tolerance, and expected returns for each goal.
Regular Review: Periodically review your portfolio to ensure it aligns with your goals, risk profile, and market conditions. Make necessary adjustments as needed to stay on track.
In conclusion, continuing extra loan repayments while exploring other investment avenues for higher returns is a balanced approach. Utilizing the PPF maturity amount to repay and close one of your home loan accounts is a good strategy, considering the upcoming educational expenses for your elder son. Ensure you have a well-diversified portfolio aligned with your financial goals, risk tolerance, and investment horizon. Consulting a Certified Financial Planner can provide personalized advice tailored to your financial situation, helping you make informed decisions and achieve your financial goals over the long term! Keep investing regularly and stay disciplined to build wealth and secure your financial future!

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 Jul 18, 2024

Question by Rajesh - Jul 13, 2024Hindi

Money

Hi I am Rao, 35 Years old, I have accumated balances of 12 laks in MF, 2 lakhs in PPF , NPS has 2.5 lakhs, Blance of PF is over 10 lakhs and stocks worth 1 lakhs. My Take Home salary is 1.4 lakhs living in Hyderabad. I have EMIs of 42k for my home loan of 48 lakhs taken in 2019 for 20 years, perosnal Loan emi is apprx 20k, SIPs in to Equity Mutual funds 20k, PPF 3k, NPS 4k. I love learning new cources and spending approxly 2lakhs every year on new technlogy and approx 2lahks for travelling comes to approx 20k per month overall. I am planning to by a car worth 12lahs on road and should cost addtional 20k for fuel and EMI. I want repay my home loan early what is the best way? should I start additional EMIs or have a seperate SIP for 10 odd years given that there is a great potential in the market to clear the oustanding amount of 40 lakhs. I am discplined investor and dont miss out any EMIs or investments which brought me here, wanted to understand if this is good option or any tweaking is required in my finance? Please advise.

Ans: Current Financial Situation
Age: 35 years
Location: Hyderabad
Take Home Salary: Rs 1.4 lakhs
Home Loan: Rs 48 lakhs (taken in 2019 for 20 years), EMI of Rs 42,000
Personal Loan EMI: Rs 20,000
Monthly SIPs: Rs 20,000 in equity mutual funds
PPF Contribution: Rs 3,000 monthly
NPS Contribution: Rs 4,000 monthly
Learning and Courses: Rs 2 lakhs annually (~ Rs 16,667 monthly)
Traveling: Rs 2 lakhs annually (~ Rs 16,667 monthly)
Car Purchase Plan: Car worth Rs 12 lakhs, with additional Rs 20,000 monthly for fuel and EMI
Accumulated Balances
Mutual Funds: Rs 12 lakhs
PPF: Rs 2 lakhs
NPS: Rs 2.5 lakhs
PF: Rs 10 lakhs
Stocks: Rs 1 lakh
Key Considerations
Debt Management: High EMIs for home and personal loans
Investment Strategy: Existing SIPs and contributions to PPF and NPS
Future Commitments: Potential car purchase and associated costs
Financial Goals: Early repayment of home loan and disciplined investment approach
Evaluating Options for Early Home Loan Repayment
1. Additional EMIs
Advantage: Directly reduces the principal amount, leading to significant interest savings over time.
Disadvantage: Reduces your monthly disposable income and might strain your budget.
2. Separate SIP for Loan Repayment
Advantage: Potential for higher returns from the market, which can be used to repay the loan lump sum.
Disadvantage: Market risk; returns are not guaranteed and depend on market performance.
Recommended Strategy
A. Debt Prioritization
Focus on High-Interest Debt: Prioritize clearing the personal loan first due to its likely higher interest rate compared to the home loan.
Channel Extra Funds: Allocate any bonuses or surplus income towards additional EMIs for the personal loan.
B. Structured SIP Approach
Start a Separate SIP: Set up a dedicated SIP to accumulate funds for home loan repayment.
Allocation: Aim to invest Rs 20,000 monthly in a diversified equity mutual fund for the next 10 years.
Growth Potential: Given the long-term horizon, this can potentially yield higher returns, aiding in substantial repayment.
C. Maintain Existing Contributions
Continue SIPs: Maintain your current SIPs of Rs 20,000 to ensure long-term wealth accumulation.
PPF and NPS Contributions: Continue with your PPF and NPS contributions for tax benefits and retirement savings.
D. Budget for Future Commitments
Car Purchase: Reevaluate the necessity and timing of the car purchase. If essential, consider a smaller loan amount to avoid overburdening your finances.
Additional Costs: Plan for the additional Rs 20,000 monthly for the car's fuel and EMI by reassessing discretionary expenses.
Financial Discipline and Adjustments
Maintain Emergency Fund: Ensure you have an adequate emergency fund covering 6-12 months of expenses.
Expense Management: Track and manage discretionary expenses like courses and travel. Ensure these do not impede your loan repayment goals.
Review and Rebalance: Periodically review your investment portfolio and rebalance as needed to stay aligned with your goals.
Final Insights
Early repayment of your home loan is achievable with disciplined financial management. Prioritize paying off high-interest debts first. Start a separate SIP for home loan repayment, leveraging the market's growth potential. Maintain existing investments and ensure you have a well-structured budget to accommodate all commitments without straining your finances.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - Jul 13, 2024Hindi

Money

I am 35 years old, living in Noida earns Rs 1 Lakh per month. I have a home loan of 45L with an emi of Rs 37k per month. Apart from this I hold MF investments in equity amounts to 56L, ppf investments worth 15L. In addition to this I have an emergency fund of Rs 6L invested in fixed deposit and 50gm SGB. My current SIP in equity is 30k per month and monthly expenses are around 30-35k per month. Now my question is should I break my MF and ppf investments to pay off my home loan of should I take the benefit of compounding and let it grow. Moreover my future goals is to accumulate 50L for my kids education in next 15 years and plan for retirement with a corpus of 6Cr. In terms of insurance I have a term insurance of Rs 2 Cr and health insurance of Rs 25L.

Ans: Evaluating Your Financial Strategy
Current Financial Situation
Monthly Income: Rs 1 Lakh
Home Loan: Rs 45 Lakh with an EMI of Rs 37,000
Mutual Fund Investments: Rs 56 Lakh
PPF Investments: Rs 15 Lakh
Emergency Fund: Rs 6 Lakh in FD and 50 gm SGB
Monthly SIP in Equity: Rs 30,000
Monthly Expenses: Rs 30,000 - 35,000
Insurance: Term Insurance of Rs 2 Crore, Health Insurance of Rs 25 Lakh
Assessing the Home Loan
Current EMI: Rs 37,000, which is 37% of your monthly income.
Interest Rates: Home loan interest rates are usually lower compared to equity returns.
Recommendation: If possible, continue with your SIPs and emergency fund while managing the EMI.
Impact of Breaking Investments
Mutual Funds: Breaking these could impact your long-term wealth accumulation due to the loss of compounding benefits.
PPF: This is a long-term, low-risk investment. Withdrawing it might not be ideal.
Recommendation: Avoid breaking investments unless it's crucial for financial stability.
Future Goals and Planning
Children’s Education: Targeting Rs 50 Lakh in 15 years.
Retirement Corpus: Aiming for Rs 6 Crore.
Investment Strategy for Education:

Continue investing in equity mutual funds and SIPs.
Consider increasing SIP amounts as income grows or expenses reduce.
Investment Strategy for Retirement:

Regular investments in mutual funds with a diversified portfolio.
Include equity for growth and debt for stability.
Emergency Fund and Liquidity
Current Emergency Fund: Rs 6 Lakh is a good start.
Recommendation: Maintain this fund to cover unexpected expenses. Consider increasing it as your income grows.
Insurance Coverage
Term Insurance: Adequate coverage with Rs 2 Crore.
Health Insurance: Rs 25 Lakh coverage is good, but ensure it meets all family needs.
Financial Strategy Moving Forward
Maintain Investments: Continue with your mutual funds and SIPs to benefit from compounding.
Increase SIPs: As your financial situation improves, increase SIPs for better accumulation.
Review Regularly: Regularly assess and adjust your investment and financial strategies with a certified financial planner.
Final Insights
Balancing between paying off the home loan and growing your investments is crucial. Avoid breaking your investments unless absolutely necessary. Focus on maintaining and increasing your SIPs and keep a robust emergency fund. Regularly review your financial goals and strategies to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 08, 2024

Asked by Anonymous - Aug 02, 2024Hindi

Money

Sir I am 79 years old. My PPF ACCOUNT is nearly 25 yrs. Old. I have nearly lakhs in mutual funds. Besides I have 50 lakhs in various fixed deposits. My house is worth 2corores. My Mrs is worth nearly fifty lakhs. We have gold and jewellery worth 15 lakhs. My monthly expenses are hardly ten thousand rupees . We stay with our daughter hence expenses are limited. My question to you 1) Should I close my PPF and invest in various instruments like bank FD sssaving scheme and mutual funds. 2) Isit advisable to reverse mortgage loan and invest wisely. Loan can be disbursed asOD and invest in various MF as Sip. We can pay the amount out of the profit Please advise in detail. YOUR'S SINCERELY VGN

Ans: Your diverse asset portfolio is commendable, and it’s evident that you have maintained a disciplined approach to saving and investing. Given your age and current financial stability, your main focus should be on maintaining financial security and generating a steady income with minimal risk.

Should You Close Your PPF Account?
Maturity and Tax Benefits: Your PPF account has matured since it’s 25 years old. You can extend it in blocks of five years. PPF provides tax-free returns, which is a significant advantage.

Liquidity Needs: If you need liquidity, withdrawing from PPF can be considered. However, the interest rate on PPF is generally higher than bank FDs. Keeping a portion of your investment in PPF can be beneficial for tax-free growth.

Diversification: While PPF is safe, diversifying into other instruments like bank FDs, saving schemes, and mutual funds can provide a balanced risk-return profile.

Reverse Mortgage Loan Consideration
What is a Reverse Mortgage?: A reverse mortgage allows you to borrow against the value of your house. You receive payments while living in the house, and the loan is repaid when you sell the house or pass away.

Benefits: This can provide a steady income stream without selling your house. Funds received can be used for living expenses or investments.

Investment Strategy: Using the loan amount for SIPs in mutual funds can generate potential returns. This can be a smart move if the returns from SIPs exceed the interest on the reverse mortgage.

Investment Strategy for Mutual Funds
Mutual Funds over FDs: Mutual funds, especially debt and balanced funds, offer potentially higher returns compared to bank FDs. They also provide better tax efficiency if held for the long term.

Systematic Investment Plan (SIP): Investing in mutual funds through SIPs can help in averaging out market volatility. Regular investments ensure disciplined investing and potential growth.

Assessment of Your Current Holdings
Fixed Deposits: You have Rs 50 lakhs in various FDs. While FDs are safe, the returns might not keep pace with inflation. Consider investing a portion in debt mutual funds for better post-tax returns.

Mutual Funds: Your mutual fund holdings are advantageous for growth and liquidity. Continue evaluating the performance and consider consulting a Certified Financial Planner for specific fund recommendations.

Gold and Jewellery: Your gold and jewellery worth Rs 15 lakhs serve as a good hedge against inflation. However, they should not form a significant part of your liquid assets.

Monthly Expenses and Cash Flow
Low Monthly Expenses: Your monthly expenses are Rs 10,000, which is quite manageable given your income sources. Staying with your daughter further reduces your financial burden.

Income Sources: Ensure your investments provide a steady income stream. Consider SWP (Systematic Withdrawal Plan) from mutual funds for regular income.

Detailed Investment Recommendations
Bank Fixed Deposits: Keep some portion in bank FDs for safety and guaranteed returns. Senior citizen schemes also offer higher interest rates.

Saving Schemes: Consider investing in senior citizen savings schemes for assured returns. These are specifically designed for senior citizens with attractive interest rates.

Mutual Funds: Diversify your mutual fund investments across different categories. Include a mix of equity, debt, and balanced funds. Actively managed funds can potentially offer better returns than index funds.

Regular vs Direct Funds: Investing through a Certified Financial Planner in regular funds can provide professional management and guidance. Direct funds may have lower expense ratios, but the expertise of a professional can help in optimizing returns.

Final Insights
Balanced Approach: Maintain a balance between safety and growth. Keep some funds in safe instruments like FDs and senior citizen schemes while investing in mutual funds for growth.

Professional Guidance: Consult a Certified Financial Planner to tailor your investment strategy to your specific needs and risk tolerance.

Health and Emergency Fund: Ensure you have adequate health insurance and an emergency fund for unforeseen expenses.

Review and Adjust: Regularly review your investment portfolio and make adjustments as needed based on market conditions and your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Nitin Narkhede |36 Answers |Ask -Follow

MF, PF Expert - Answered on Sep 15, 2024

Asked by Anonymous - Sep 14, 2024Hindi

Money

Hi Sir - I'm 35 years. Both myself and a better half are working with a monthly income of 3.65L together (2.8L mine + 85K wife's). We have a 5 year old male kid. We have a SBI max gain home loan account with a debt of 12.65L and a parked amount of 26.5L apart from the EMI paid so far from previous 5 years. No EMI on car purchased. EPF ~29L, PPF started for both of us an year back. Also started a monthly SIP of ~1.2-1.5L in MF from Jan'2024 with 8.5L balance so far and will continue the SIP in the below funds atleast for next 10 years. Not considering debt funds as I'm already having EPF and PPF components and will periodically review these funds. 1. Nifty next 50 Index, 2. Small Cap 250 Index, 3. Multi Cap, Active 4. Mid Cap, Active 5. Flexi Cap, Active Better half may quit her job by Mar'2025. We are looking to close home loan by March'2025 and stay EMI/debt free with a peace of mind. Is it a wise decision to close a home loan by this financial year and increase the monthly SIP to 2L from next financial year? Or) invest the home loan balance amount in real estate (preferably buying a land)? especially when the home loan interest of upto 3.5L are tax fee in the old tax regime. Thanks!

Ans: Dear Friend, Given your current financial standing, closing your home loan by March 2025 seems like a wise choice. You have Rs 26.5L parked in the SBI Max Gain account, which already reduces your interest liability. By clearing the remaining Rs 12.65L, you can become debt-free, providing peace of mind and freeing up your EMI payments for additional investments. While the home loan offers tax benefits under the old regime, the psychological comfort of being debt-free may outweigh the potential tax savings, especially since your financial portfolio is already strong.
Once the loan is closed, increasing your monthly SIPs to Rs 2L would be a smart move. Over the next 10 years, equity mutual funds, which historically offer returns of 10-12% annually, can significantly grow your wealth. Since you are already investing in a diversified portfolio of index, small-cap, mid-cap, and flexi-cap funds, increasing these investments aligns well with your long-term goals.
Investing in real estate, particularly land, can provide diversification. However, real estate is typically less liquid and the returns can be location-dependent. If you're confident in the property’s growth potential, this can be a good long-term investment. However, your existing strategy of focusing on equity mutual funds will likely offer better returns and flexibility, given your 10-year investment horizon.
So closing your home loan by March 2025 and redirecting the freed-up funds into increased SIPs appears to be the best route. It balances peace of mind, tax efficiency, and long-term wealth creation, while real estate can be considered for diversification if you find a promising opportunity.
There are many real estate opportunities like REIT or Partial ownership in commercial properties which can also yield between 14 to 22% overall return with about 5 to 8% monthly return and 10 to 12% of Growth in the Asset Value at end of tenure.
Investment is commodities like gold and silver can also yield a return of 8 to 10% with reducing the risk in one sector.
Diversification is the mantra, do not depend on only one or two type of investment avenues. Explore other options as well.

Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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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

Career

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

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

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

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

You also inquired about sponsorship. Here is the information related to sponsorship for practicing medicine in the UK.
(Extracted from general medical council, uk org. )Applying for registration using sponsorship
If you apply through sponsorship, you will have to satisfy the sponsor that you possess the knowledge, skills and experience required for practising as a fully registered medical practitioner in the UK. Each sponsor has their own scheme which we have pre-approved. If you can satisfy the requirements of their scheme, they will issue you with a Sponsorship Registration Certificate (SRC) which you will need for your application with us. Please ensure this is a Sponsorship Registration Certificate for GMC registration, as we can’t accept UK visa sponsorship certificates for your application for registration.
Please note that a core part of all sponsors' criteria is that a doctor applying for an offer of sponsorship must have been engaged in medical practice for three out of the last five years including the most recent 12 months. If you cannot meet these minimum criteria, it is unlikely that you'll be able to supply sufficient evidence to support your application for sponsorship.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
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• Guy’s and St Thomas’ NHS Hospitals Foundation Trust – Oncology Specialty Training
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• Harefield Hospital, Royal Brompton and Harefield NHS Trust – Anaesthesia and Critical Care
• Hertfordshire Partnership University NHS Foundation Trust
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• Lincolnshire Partnership NHS Foundation Trust – CESR Fellowship in Psychiatry or Sponsored Fellowship in Psychiatry
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• Midlands Partnership NHS Foundation Trust
• Ministry of Defence – International Military Clinical Fellowships
• Modality Partnership - Modality Primary Care International Fellowship Scheme
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• NHS Grampian – Psychiatry CESR Fellowship Programme
• NHS Grampian – Multi-specialty SAS Fellowship
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• Norfolk and Suffolk NHS Foundation Trust (NSFT) - Advanced Clinical Fellowship in Psychiatry
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• Northampton General Hospital NHS Trust - International Clinical Fellowship in Regional Anaesthesia, Vascular Anaesthesia, or Peri-operative Medicine
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• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme (Psychiatry)
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• Royal College of Paediatrics and Child Health – MTI Scheme
• Royal College of Pathologists
• Royal College of Physicians of Edinburgh
• Royal College of Surgeons of England
• Royal College of Physicians of London
• Royal College of Physicians and Surgeons of Glasgow
• Royal College of Psychiatrists – MTI Scheme
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• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
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• Royal Devon and Exeter NHS Trust
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• Royal Wolverhampton Trust – Clinical Fellowship Programme
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• Sheffield Health and Social Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
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• South Warwickshire University NHS Foundation Trust - GMC Multispecialty Sponsorship Scheme
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• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
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• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
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KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Aug 02, 2024Hindi

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

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

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

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Dec 20, 2024Hindi

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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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