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Can I Afford Early Retirement in 2 Years?

Ramalingam

Ramalingam Kalirajan  |7609 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 03, 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 - Nov 29, 2024Hindi
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Hi , I am 46 year old and trying to see if i can take an early retirement in next 2 years. Below is my financial condition;. we are 3 in family my my wife and one 14 year old son. - Mutual fund 40Lakh - FD 30 Lakhs - 2 rental yielding flat with total rent of 55000 per month - Own house with no loan. - PF 80 Lakhs - NPS 10 Lakhs - PPF 20 Lakhs - Term insurance 50Lakhs

Ans: Your financial position shows good planning and discipline.

Assets Summary:

Mutual Funds: Rs 40 lakh
Fixed Deposits: Rs 30 lakh
Rental Income: Rs 55,000 per month from two flats
Own House: Fully paid, no loan liabilities
Provident Fund (PF): Rs 80 lakh
National Pension System (NPS): Rs 10 lakh
Public Provident Fund (PPF): Rs 20 lakh
Term Insurance: Rs 50 lakh
You have built a diversified portfolio across multiple asset classes.

Assessing Early Retirement Feasibility
Early retirement in two years can be achieved with strategic planning.

Key Factors to Evaluate:

Monthly Expenses: Calculate post-retirement expenses, including inflation.
Income Sources: Ensure rental income, investments, and withdrawals meet your needs.
Wealth Growth: Balance corpus growth with income stability.
Monthly Expense Coverage
Assume your future monthly expense is Rs 1.25 lakh.

Existing Income Streams:

Rental Income: Rs 55,000 monthly provides 44% of estimated expenses.
Corpus Withdrawals: Use investments to cover remaining expenses.
Adjust for Inflation:

Plan for a 6% inflation rate to protect purchasing power.
Investment Strategy
Align your portfolio for growth, stability, and liquidity.

Mutual Funds:

Continue investing in equity-oriented funds for long-term growth.
Opt for actively managed funds through Certified Financial Planners.
Avoid index funds; they limit opportunities for alpha generation.
Fixed Deposits:

Reallocate a portion to debt mutual funds for better post-tax returns.
Retain some FDs for emergencies and short-term needs.
NPS and PPF:

Maximise NPS contributions for additional tax savings.
Allow PPF to mature for risk-free, tax-exempt growth.
Corpus Withdrawal Plan
A systematic withdrawal strategy ensures steady income.

Use Systematic Withdrawal Plans (SWP) in mutual funds for monthly cash flow.
Keep withdrawal rates below 4% annually to sustain the corpus.
Children’s Education Planning
Your son’s education may require significant funds.

Steps to Plan for Education Costs:

Use PPF maturity or mutual fund proceeds for higher education.
Avoid using retirement corpus for educational expenses.
Risk Management
Protecting your family is as critical as building wealth.

Term Insurance Coverage:

Rs 50 lakh is adequate for income replacement.
Ensure policies are active and nominees updated.
Health Insurance:

Opt for a comprehensive family floater policy with Rs 20–25 lakh coverage.
Keep health-related emergency funds for additional expenses.
Tax Planning
Efficient tax planning maximises post-retirement income.

Mutual Fund Taxation:

Equity fund LTCG above Rs 1.25 lakh is taxed at 12.5%.
Short-term gains are taxed at 20%. Plan withdrawals carefully.
Fixed Deposit Interest:

FD interest is taxable as per your slab. Consider this in income planning.
Real Estate Considerations
Your rental flats provide steady income.

Points to Consider:

Avoid further real estate investments for better liquidity.
Keep properties well-maintained to ensure uninterrupted rental income.
Healthcare and Emergency Funds
Unplanned medical costs can affect your finances.

Steps to Safeguard:

Maintain Rs 10–15 lakh in liquid assets for emergencies.
Regularly review health insurance coverage to meet rising costs.
Assessing Early Retirement Timing
Your early retirement is achievable by 48 years with careful execution.

Why This is Feasible:

Rental income and portfolio can meet monthly needs.
A diversified asset base ensures sustainable returns.
Finally
Early retirement is within your reach with disciplined planning.

Review your financial plan annually and adjust for changes in needs or markets.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
Asked on - Dec 03, 2024 | Answered on Dec 03, 2024
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Thanks a lot for detailed explanation. Just missed one info, all inclusive my monthly expenses are around 1 Lakhs for now . Considering my 2 rental yielding flats are 15 and 8 year old do you think i can rely on rental income of these for full life or better to sell both or atleast one of them and liquidate for better handling my regular expenses ? Also i have one health insurance covering 6L can you suggest a better super top up plan which can over 25Lakhs of medical .
Ans: Relying solely on rental income from older flats can be risky due to maintenance, vacancy, or location-related issues. Selling one or both flats and reinvesting the proceeds in mutual funds can provide better liquidity, diversification, and tax-efficient growth. Mutual funds with a balanced portfolio of equity and debt can generate steady SWP income, meeting your regular expenses while preserving capital.

For health coverage, consider a super top-up plan offering Rs 25 lakhs with a reasonable deductible, ensuring affordability and comprehensive protection against medical inflation. This ensures financial safety during unexpected health emergencies.

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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You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |7609 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 03, 2024

Asked by Anonymous - Nov 29, 2024Hindi
Listen
Money
Hi , I am 46 year old and trying to see if i can take an early retirement in next 2 years. Below is my financial condition; - Mutual fund 40Lakh - FD 30 Lakhs - 2 rental yielding flat with total rent of 55000 per month - Own house with no loan. - PF 80 Lakhs - NPS 10 Lakhs - PPF 20 Lakhs - Term insurance 50Lakhs
Ans: Your financial position shows good planning and discipline.

Assets Summary:

Mutual Funds: Rs 40 lakh
Fixed Deposits: Rs 30 lakh
Rental Income: Rs 55,000 per month from two flats
Own House: Fully paid, no loan liabilities
Provident Fund (PF): Rs 80 lakh
National Pension System (NPS): Rs 10 lakh
Public Provident Fund (PPF): Rs 20 lakh
Term Insurance: Rs 50 lakh
You have built a diversified portfolio across multiple asset classes.

Assessing Early Retirement Feasibility
Early retirement in two years can be achieved with strategic planning.

Key Factors to Evaluate:

Monthly Expenses: Calculate post-retirement expenses, including inflation.
Income Sources: Ensure rental income, investments, and withdrawals meet your needs.
Wealth Growth: Balance corpus growth with income stability.
Monthly Expense Coverage
Assume your future monthly expense is Rs 1.25 lakh.

Existing Income Streams:

Rental Income: Rs 55,000 monthly provides 44% of estimated expenses.
Corpus Withdrawals: Use investments to cover remaining expenses.
Adjust for Inflation:

Plan for a 6% inflation rate to protect purchasing power.
Investment Strategy
Align your portfolio for growth, stability, and liquidity.

Mutual Funds:

Continue investing in equity-oriented funds for long-term growth.
Opt for actively managed funds through Certified Financial Planners.
Avoid index funds; they limit opportunities for alpha generation.
Fixed Deposits:

Reallocate a portion to debt mutual funds for better post-tax returns.
Retain some FDs for emergencies and short-term needs.
NPS and PPF:

Maximise NPS contributions for additional tax savings.
Allow PPF to mature for risk-free, tax-exempt growth.
Corpus Withdrawal Plan
A systematic withdrawal strategy ensures steady income.

Use Systematic Withdrawal Plans (SWP) in mutual funds for monthly cash flow.
Keep withdrawal rates below 4% annually to sustain the corpus.
Children’s Education Planning
Your son’s education may require significant funds.

Steps to Plan for Education Costs:

Use PPF maturity or mutual fund proceeds for higher education.
Avoid using retirement corpus for educational expenses.
Risk Management
Protecting your family is as critical as building wealth.

Term Insurance Coverage:

Rs 50 lakh is adequate for income replacement.
Ensure policies are active and nominees updated.
Health Insurance:

Opt for a comprehensive family floater policy with Rs 20–25 lakh coverage.
Keep health-related emergency funds for additional expenses.
Tax Planning
Efficient tax planning maximises post-retirement income.

Mutual Fund Taxation:

Equity fund LTCG above Rs 1.25 lakh is taxed at 12.5%.
Short-term gains are taxed at 20%. Plan withdrawals carefully.
Fixed Deposit Interest:

FD interest is taxable as per your slab. Consider this in income planning.
Real Estate Considerations
Your rental flats provide steady income.

Points to Consider:

Avoid further real estate investments for better liquidity.
Keep properties well-maintained to ensure uninterrupted rental income.
Healthcare and Emergency Funds
Unplanned medical costs can affect your finances.

Steps to Safeguard:

Maintain Rs 10–15 lakh in liquid assets for emergencies.
Regularly review health insurance coverage to meet rising costs.
Assessing Early Retirement Timing
Your early retirement is achievable by 48 years with careful execution.

Why This is Feasible:

Rental income and portfolio can meet monthly needs.
A diversified asset base ensures sustainable returns.
Finally
Early retirement is within your reach with disciplined planning.

Review your financial plan annually and adjust for changes in needs or markets.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

Janak

Janak Patel  | Answer  |Ask -

MF, PF Expert - Answered on Dec 04, 2024

Asked by Anonymous - Nov 30, 2024Hindi
Listen
Money
Hi, i am 52years old, wanted to retire early, following are my investments, MF - INR 65L, Equity - INR 22L, 3 houses, one is self-occupied, other 2 houses valued at INR 90 L and INR 32L respectively, i have home loan outstanding of INR 12L, FD of INR 36L , PF INR 32L, monthly expenses requirement is INR 1 L, kindly help me to plan my early retirement. Thank you in advance for your reply on my question.
Ans: Hi,

As there are many things to consider for an early retirement, one of the first is to start thinking about it in a more realistic manner. An early retirement is not necessarily stop working life, but think of it as a more comfortable schedule that provides you opportunities to relax and pursue your passion and interests and live life on your own terms. You may or may not undertake an activity which can be monetized, meaning which provides you some sort of income - not necessarily to cover your living expenses in whole/part. So do give it some thought of how you intend to keep yourself occupied once you retire from your "current schedule". Will you generate any source of income or will you incur/require more expense.

At current age of 52, an early retirement even if we consider at 55 years of age, it a still a long life ahead. I will make a lot of assumptions in my response as these are not known from your query - such as life expectancy of another 30 years, average return of 8% on all investments for future etc. Are the 2 real estate properties earning any kind of rent that can be considered as income.
There are too many variables that go into the calculations for retirement which are specific to each individual and their circle of life.

Generic solution - You have a currently accumulated investments valued at INR 2.65 Cr (all investments less loan).

Current monthly expenses is INR 1 Lac, over which inflation needs to be applied each year (depends on lifestyle and composition of items of expenses).

So if your cumulative investments appreciate at average 8% annually, and your monthly expense increases at 6% annual inflation, your current accumulated investments are just about enough to manage expenses for next 30yrs (excluding tax implications - refer below).

Points to consider -
1. Inflation in real world is more than 6% (depends on the individual)
2. Liquidation of investments e.g. Real estate attract expenses/fees and tax on capital gains as it will be lumpsum
3. PF post retirement will earn interest only for 3 years, so you need to plan to re-invest the amount
4. Interest income on FD attracts tax at slab rate
5. Withdrawal of amount for monthly expense from your investments will attract tax on capital gains (MF and Equity)

I strongly recommend you connect with a Certified Financial Planner for personalized guidance and prepare a plan that will take into consideration your risk profile and overall investment management towards the retirement. Benefits will include a more tax efficient plan which will consider your requirements and ensure retirement goals are achieved and if there is a shortfall - what alternatives you need to consider.

Hope this is helpful and all the best for the future.

Regards
Janak Patel
Certified Financial Planner.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7609 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 23, 2025

Asked by Anonymous - Jan 22, 2025Hindi
Money
Hi i am 28, my would be husband is 29. I earn around 1.5lakhs post tax and he around 1.78 lakhs post tax. And we both receive lumpsum variable yearly bonus (min 2 lakhs combined)We both pay individual rent of 24000 (mumbai). I have an sip of 30000( steping up to 45000 from feb). I have 10 lakhs in fd, 5 lakhsin liquid around 4.8 lakhs in mf, some nominal amount in pf and around 1.5 lakhs in shares. We both want to get married (partly funded by parents) and buy a house and car .we dont have to support our parents financially by gods grace. We have fixed monthly expense of around 20k combined (including eating out /entertaiment). No emi or loans. Sir, could you kindly guide us to help plan for an achieveable budget for home and car. Thank you
Ans: You and your fiancé are in a great position financially. Both have stable incomes and no liabilities. This gives you the flexibility to plan for your future goals effectively. Let’s break down your financial situation and develop a plan for the wedding, home, and car.

Current Income and Expenses
Your combined monthly income is Rs. 3.28 lakhs.

Fixed expenses, including rent, amount to Rs. 72,000 (24,000 each in rent + Rs. 20,000 combined expenses).

This leaves a surplus of Rs. 2.56 lakhs monthly, excluding annual bonuses.

Assets and Investments
Your assets include Rs. 10 lakhs in FDs, Rs. 5 lakhs in liquid funds, Rs. 4.8 lakhs in mutual funds, and Rs. 1.5 lakhs in shares.

Combined, these total Rs. 21.3 lakhs in liquid and semi-liquid investments.

Your SIP of Rs. 30,000 per month (stepping up to Rs. 45,000) is a disciplined approach.

Nominal PF balances will grow over time with compounding.

Financial Goals
Your key goals are:

Planning a wedding.

Buying a house in Mumbai.

Purchasing a car.

We’ll address these goals systematically.

Wedding Budget
If parents are partly funding the wedding, your share can be Rs. 10-12 lakhs.

Use Rs. 5 lakhs from your liquid funds and Rs. 5 lakhs from FDs.

Avoid breaking mutual funds as they are growth-oriented investments.

Ensure to save some emergency funds (at least 6 months’ expenses) after the wedding.

Buying a House
Assessing Your Budget
Mumbai real estate is expensive. For a modest 2 BHK, expect Rs. 1.5-2 crores.

You’ll need a 20% down payment of Rs. 30-40 lakhs.

Your combined bonuses and savings can contribute to this goal over the next 3-4 years.

Avoid using your entire savings for the down payment.

Home Loan Planning
With a combined income of Rs. 3.28 lakhs, you can afford a home loan EMI of Rs. 80,000-1 lakh.

For a 20-year loan, this can support a loan amount of Rs. 1.2-1.4 crores.

Opt for a joint loan to maximise the loan amount and tax benefits.

Building the Down Payment
Increase your SIPs from Rs. 45,000 to Rs. 60,000 after marriage.

Allocate Rs. 25,000-30,000 of your monthly surplus to a conservative hybrid fund or liquid funds.

This can accumulate Rs. 12-15 lakhs in 3-4 years.

Combine this with bonuses and existing FDs to reach the Rs. 30-40 lakhs needed.

Buying a Car
Budget and Timeline
Aim for a mid-range car costing Rs. 10-12 lakhs.

Avoid purchasing immediately after the wedding to manage cash flow.

Save Rs. 3-4 lakhs over 12-18 months for the down payment.

Finance the rest with an affordable EMI of Rs. 10,000-15,000.

Emergency Fund
Post-wedding, maintain at least Rs. 6-8 lakhs in liquid funds for emergencies.

This will cover 6-8 months of expenses and unforeseen costs.

Tax Efficiency
Your SIP investments in equity mutual funds will grow tax-efficiently.

Long-term gains above Rs. 1.25 lakhs are taxed at 12.5%.

Short-term gains are taxed at 20%. Plan withdrawals accordingly to minimise taxes.

Use joint home loan benefits to reduce taxable income.

Investment Strategy
SIP Growth
Stepping up SIPs to Rs. 45,000 and eventually Rs. 60,000 will accelerate wealth creation.

Allocate SIPs to a mix of large-cap, flexicap, and mid-cap funds.

Avoid thematic or sectoral funds for long-term goals.

Avoid Index Funds
Index funds lack flexibility to outperform during volatile markets.

Actively managed funds offer better growth through expert stock selection.

Rebalancing Portfolio
After the wedding, rebalance your portfolio.

Retain 70-80% in equity and 20-30% in debt for long-term growth and stability.

Include a conservative hybrid fund to diversify investments.

Insurance Coverage
Post-marriage, ensure you and your fiancé have adequate life and health insurance.

Opt for term insurance covering 10-12 times your annual income.

Enhance health insurance to Rs. 10-15 lakhs for comprehensive coverage.

Final Insights
You are well-positioned to achieve your goals. With proper planning, you can balance your wedding, home, and car expenses. Stay disciplined in savings and avoid impulsive spending. Regularly review your financial plan with a Certified Financial Planner.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7609 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 23, 2025

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Sir, I am 37. I have been investing ?22000/month in various sip which includes 7000 in small cap funds, 4000 in mid cap funds, 1000 in index funds, 3000 in thematic funds(1000 each in infra, commodities and technology) and remaining in multicap and flexicap funds. Please tell me if the allocation is good and what can I expect on a 15 year time horizon.
Ans: Your disciplined SIP investment of Rs. 22,000 per month is commendable. Below is an analysis of your portfolio:

Small-Cap Funds
Allocating Rs. 7,000 (31.8% of your total SIP) to small-cap funds shows a focus on high growth potential.

Small-cap funds offer strong long-term returns but come with high volatility.

Consider limiting small-cap exposure to 25% for better risk management.

This adjustment can reduce stress during market downturns.

Mid-Cap Funds
Rs. 4,000 (18.2%) invested in mid-cap funds is a balanced choice.

Mid-cap funds provide a mix of stability and growth.

Retain this allocation as it complements the small-cap funds well.

Thematic Funds
Rs. 3,000 (13.6%) allocated to infra, commodities, and technology is sector-focused.

Thematic funds can be rewarding but depend heavily on market cycles.

Limit thematic exposure to 10% of your portfolio.

Use the extra allocation for diversified or multicap funds for better stability.

Index Funds
Rs. 1,000 (4.5%) in index funds may not maximise your potential returns.

Index funds passively track the market but lack flexibility to outperform it.

Actively managed funds can generate higher returns through expert stock selection.

Shift this allocation to actively managed flexicap or large-cap funds.

Multicap and Flexicap Funds
Rs. 7,000 (31.8%) in multicap and flexicap funds ensures broad diversification.

These funds spread investments across large, mid, and small-cap stocks.

Retain this allocation as it balances the portfolio risk effectively.

Tax Considerations
Long-term equity mutual fund gains above Rs. 1.25 lakh are taxed at 12.5%.

Short-term equity gains are taxed at 20%.

Consider rebalancing based on tax-efficiency and annual gains.

Expected Returns
Equity funds can offer 12-15% annual returns over a 15-year horizon.

With disciplined SIPs, your corpus could grow 4-6 times over this period.

Market fluctuations will occur, but patience and consistency are key.

Recommendations
Portfolio Rebalancing: Reduce small-cap and thematic exposure to optimise risk.

Avoid Index Funds: Actively managed funds provide higher growth potential.

Increase Diversification: Focus on multicap and flexicap funds for broad exposure.

Stay Disciplined: Continue SIPs during market corrections to benefit from rupee cost averaging.

Professional Advice: Consult a Certified Financial Planner for personalised guidance.

Disadvantages of Direct Funds
Direct funds lack access to personalised advice and expert monitoring.

Investing via a Certified Financial Planner ensures professional management of your portfolio.

Regular funds through an MFD with CFP credentials offer better support for goal-based planning.

Final Insights
Your portfolio reflects good planning and commitment. A few adjustments will enhance returns and reduce risk. Focus on long-term goals and review performance periodically with professional guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7609 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 23, 2025

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Money
Sir, I am 37. I have been investing ?22000/month in various sip which includes 7000 in small cap funds, 4000 in mid cap funds, 1000 in index funds, 3000 in thematic funds(1000 each in infra, commodities and technology) and remaining in multicap and flexicap funds. Please tell me if the allocation is good and what can I expect on a 15 year time horizon.
Ans: Your monthly SIP investment of Rs. 22,000 is well-structured across multiple categories. This diversification reflects thoughtfulness in building a balanced portfolio. Below is an analysis of each allocation with suggestions for improvement:

Small-Cap Funds
Small-cap funds are highly volatile but deliver superior long-term returns. Your Rs. 7,000 allocation is reasonable at 31.8% of your SIP.

However, overexposure can increase portfolio risk. Consider capping small-cap allocation to 25% of your total SIP.

Small-cap funds require patience and discipline, especially during market downturns.

Mid-Cap Funds
Allocating Rs. 4,000 to mid-cap funds (18.2% of SIP) balances risk and return.

Mid-caps offer growth potential, bridging the gap between large caps and small caps.

Retain this allocation as mid-caps perform well over long horizons like 15 years.

Thematic Funds
Thematic investments in infra, commodities, and technology at Rs. 3,000 (13.6%) are niche choices.

Thematic funds depend heavily on sector performance and market cycles.

Limit thematic exposure to 10% of your total SIP to avoid concentration risk.

Consider reallocating a part of this to diversified equity funds for stability.

Index Funds
Your allocation of Rs. 1,000 (4.5%) to index funds has limited value.

Index funds simply replicate indices and lack potential to outperform markets.

Actively managed funds, handled by professional fund managers, may deliver better returns.

Redirect this amount to actively managed flexicap or large-cap funds for superior growth potential.

Multicap and Flexicap Funds
The remaining Rs. 7,000 (31.8%) allocation to multicap and flexicap funds ensures diversification.

These funds provide exposure to all market caps, balancing risk and returns.

Continue with this allocation as it complements your other investments.

Tax Implications
Equity fund gains above Rs. 1.25 lakh are taxed at 12.5% under the new rules.

Monitor your gains annually to manage taxes efficiently.

Debt funds are taxed based on your income tax slab. Consider this for future rebalancing.

Expected Returns over 15 Years
Equity funds can deliver 12-15% annual returns over a 15-year horizon.

Your portfolio could potentially grow 4-6 times, depending on market conditions.

Consistent SIPs and market discipline will help you reach this target.

Suggestions for Improvement
Portfolio Rebalancing: Reduce small-cap and thematic exposure to manage risk. Reallocate to multicap and flexicap funds.

Avoid Index Funds: Actively managed funds can generate higher returns with professional management.

Stay Disciplined: Continue investing during market corrections for long-term wealth creation.

Review Annually: Evaluate fund performance and make changes if needed.

Professional Guidance: Investing via a Certified Financial Planner ensures expert advice and portfolio monitoring.

Insights on Regular Funds
Direct funds lack the benefit of professional advice and continuous monitoring.

Investing in regular funds through a CFP offers goal-based planning and expert guidance.

This approach minimizes emotional decision-making and enhances long-term returns.

Final Insights
Your SIP strategy reflects commendable discipline and foresight. With minor adjustments, you can optimize returns and manage risks effectively. Long-term consistency and professional advice will ensure financial success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Radheshyam

Radheshyam Zanwar  |1151 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jan 22, 2025

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Career
What should I do after my bsc in medical
Ans: Hello Priyanka.
It is not clear whether either of you has completed your B.Sc. in Medical or not. But I am assuming that you are presently pursuing it. The scope of this branch is wide. Either you can pursue the job, or you can start your own business. However, I would like to suggest that if possible, you do a DMLT course to start an authentic lab. Working as a technician or technical assistant may not boost your career to a great extent, and the salary may also not increase proportionately. Hence, it is better to add a course with a B.Sc. that will help you start your business. With a small capital, you can even start a business selling surgical items, which could turn into a big business in just a few years. Best of luck for your upcoming future.
If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

...Read more

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

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