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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

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

Asked by Anonymous - Jun 26, 2024Hindi

Money

I am 47 year old working IT professional with monthly earning of 2.2 lacs in hand.We are 4 members in my home. Me, my wife and 2 daughters. Elder one is 15 year and younger one is 10 years. All my investments are only in Real Estate ( 3 houses, One house where I live around 4 to 4.5 CR, Another underconstruction one is around 1.5 c (handover of this house most probably will be in 2025 end and it will be around 2 cr), 3rd one is around 40 lac). None of these houses are generating any income. I have few EMIs ( 80000 Home Loan, 24000 personal loan, 5000 Gold. Loa). I do not have any emergency fund, only insurance is from my company, Health insurance is also from my company. (5 lacs). My monthly expenses are always more than 2.2 lacs. It is creating problem for me as I have very less liquid money. I was thinking of selling one of my home (4 to 4.5 cr) and invest that money into other investment tools ( majorly into equity ). This way I'll still have 2 houses with me and this money can take care of my life goals ( Education of daughters, Marriage , My retirement . I am not able to see any other way to secure my future. Pleas suggest what should I do to secure my future given the scenario explained above.

Ans: I understand your concerns. Let's assess your situation comprehensively and devise a plan to secure your future.

Current Financial Snapshot
You have a strong income of Rs. 2.2 lakh per month, but your expenses are high. You have significant assets in real estate but limited liquidity. This imbalance needs addressing to ensure financial security.

Real Estate Assets
Real estate forms a major part of your portfolio. You own three houses, one of which is under construction. These properties are valued at approximately:

Primary residence: Rs. 4 to 4.5 crore
Under-construction property: Rs. 1.5 crore (expected to be Rs. 2 crore post-completion)
Third property: Rs. 40 lakh
These properties are non-income generating, leading to liquidity issues.

Existing Liabilities
You have ongoing EMIs:

Home Loan: Rs. 80,000 per month
Personal Loan: Rs. 24,000 per month
Gold Loan: Rs. 5,000 per month
These loans total Rs. 1.09 lakh per month, contributing to your financial strain.

Lack of Emergency Fund and Insurance
You lack an emergency fund, which is crucial for unexpected expenses. Your only insurance is through your company, with health coverage of Rs. 5 lakh. This is insufficient for a family of four.

Proposed Solution: Selling Real Estate
Selling your primary residence, valued at Rs. 4 to 4.5 crore, can significantly improve your financial situation. Here’s how:

Reduce Debt: Use a portion of the sale proceeds to clear your existing loans. This will free up Rs. 1.09 lakh per month.

Create an Emergency Fund: Set aside Rs. 10-15 lakh in a high-interest savings account or liquid mutual funds for emergencies.

Insurance: Purchase adequate health insurance (at least Rs. 20 lakh) and a term life insurance policy.

Invest in Equity: Diversify your investments to include mutual funds for long-term growth.

Diversifying into Mutual Funds
Mutual funds can offer higher returns than traditional savings. Let’s explore different categories and their benefits.

Equity Mutual Funds
These funds invest in stocks and have the potential for high returns. Suitable for long-term goals like your daughters' education, marriages, and your retirement. Types include:

Large-Cap Funds: Invest in large, established companies. They are less volatile and provide steady growth.

Mid-Cap Funds: Invest in medium-sized companies. They offer higher growth potential but come with moderate risk.

Small-Cap Funds: Invest in smaller companies. These have the highest growth potential but also higher risk.

Multi-Cap Funds: Invest across companies of different sizes. They offer a balance of risk and return.

Debt Mutual Funds
These funds invest in bonds and other debt instruments. They provide stable returns with lower risk. Suitable for short to medium-term goals and emergency funds.

Liquid Funds: Ideal for emergency funds due to their high liquidity.

Short-Term Debt Funds: Suitable for short-term goals (1-3 years) with moderate returns and low risk.

Corporate Bond Funds: Invest in high-rated corporate bonds, providing better returns than traditional savings.

Benefits of Mutual Funds
Diversification: Spread your investments across different sectors, reducing risk.

Professional Management: Managed by experienced fund managers, ensuring better returns.

Liquidity: Easy to buy and sell, providing quick access to funds.

Compounding: Reinvesting returns helps grow your wealth exponentially over time.

Flexibility: Choose from a variety of funds based on your risk tolerance and goals.

Addressing Expenses
Budgeting: Create a detailed budget to track and control your expenses. Identify areas to cut unnecessary spending.

Emergency Fund: Prioritize building a robust emergency fund to handle unforeseen expenses without disrupting your investments.

Insurance: Ensure adequate health and life insurance to protect your family’s financial future.

Education and Marriage of Daughters
Invest in equity mutual funds to grow your wealth for your daughters' education and marriages. Consider starting systematic investment plans (SIPs) for consistent investments.

Education: Focus on large-cap and multi-cap funds for stable growth over the next 3-5 years.

Marriage: Allocate a portion to mid-cap and small-cap funds for higher growth over the next 10-15 years.

Retirement Planning
Retirement planning should start immediately. Invest in a mix of equity and debt funds to build a retirement corpus.

Equity Funds: Allocate a significant portion to large-cap and multi-cap funds for long-term growth.

Debt Funds: Invest in short-term debt funds and corporate bond funds for stability and regular income.

Avoiding Index Funds
Index funds mimic market indices. They provide average returns and lack active management. Actively managed funds can outperform index funds through skilled management, offering better returns.

Regular vs. Direct Funds
Direct funds have lower expense ratios but require active management. Regular funds, managed by certified financial planners, offer expert guidance and better decision-making, essential for achieving your goals.

Steps to Implement the Plan
Sell the Primary Residence: Use the proceeds to pay off debts, create an emergency fund, and invest.

Consult a Certified Financial Planner: For personalized advice and to select the right mutual funds.

Start SIPs: In equity and debt mutual funds based on your risk tolerance and goals.

Insurance: Purchase adequate health and life insurance to safeguard your family’s future.

Track and Adjust: Regularly review your investments and adjust based on market conditions and life changes.

Final Insights
Your current financial situation, with high expenses and low liquidity, is unsustainable. By selling one property and diversifying into mutual funds, you can secure your financial future. Focus on reducing debt, creating an emergency fund, and investing in a mix of equity and debt funds. Seek guidance from a certified financial planner to tailor the plan to your specific needs and goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 28, 2024

Question by Ramesh - Sep 28, 2024Hindi

Money

Sir, I am 45 , lost 1 cr in business and shifted to Job profile and earning 24 LPA, have 1 home of 65 Lacs with 40 Lacs home loan , 20 Lakhs Mediclaim Policy , Nil Investment. what is the way ahead . 1. come out of depts urgently. 2. Build up a little for kids . Have 2 kids 9 and 8 yrs . school bit costly . 5 Lacs per Annum .

Ans: You’ve experienced a major financial setback with a business loss of Rs 1 crore and have since transitioned to a job with an annual income of Rs 24 lakh. Currently, you have a home valued at Rs 65 lakh but with an outstanding loan of Rs 40 lakh, and you’ve mentioned a costly school setup for your two children, with an annual fee of Rs 5 lakh. You also have a Rs 20 lakh mediclaim policy, which provides some security in terms of health coverage. Now, you are keen on clearing your debts, securing your children’s future, and building up a financial cushion.

Given your circumstances, it’s important to prioritize debt repayment, secure your children’s education, and rebuild your financial base. Here’s a step-by-step approach to achieving your goals.

1. Prioritize Debt Repayment
Paying Off the Home Loan
Your home loan of Rs 40 lakh is a significant liability. Considering that you pay Rs 5 lakh annually for your children’s education, this loan will be a major financial burden. However, paying off your home loan aggressively while maintaining your lifestyle is crucial for long-term stability.

Increase EMI Payments: Check if you can increase your home loan EMIs. You could redirect any excess income towards your home loan. Even a small increase in EMI can reduce your overall loan tenure, saving you substantial interest in the long run.

Lump Sum Prepayments: If you get any bonuses or financial windfalls, use them to make lump sum payments towards the principal. This will help reduce the loan quickly.

Refinance Your Home Loan: If your current interest rate is high, consider refinancing the loan to a lower interest rate. Even a small reduction in interest can lead to significant savings over the long term.

2. Build an Emergency Fund
Before starting any investments, you need to establish an emergency fund. This will prevent you from having to take on more debt in case of unforeseen expenses.

Target 6 Months of Living Expenses: Set aside enough money to cover at least 6 months of your family’s living expenses. This should include EMI payments, school fees, and day-to-day expenses. Aim for a fund of Rs 8-10 lakh for emergencies.

Place in a Liquid Fund: You can park this money in a liquid mutual fund or a high-interest savings account. The idea is that it should be easily accessible and provide some returns.

3. Address Kids’ Education
Your children are 9 and 8 years old, and their education is a significant ongoing expense. With annual fees of Rs 5 lakh, the costs are substantial.

Set Up a Dedicated Education Fund: You can begin a systematic investment plan (SIP) in mutual funds dedicated to their future educational needs. Equity mutual funds will provide the best growth over a 10-15 year period, but you’ll need to manage this carefully as they get closer to higher education.

Consider Education Insurance: Although you have a mediclaim policy, an education insurance plan can provide additional coverage in case something happens to you. This will ensure that their education is funded even if you're not around.

4. Start Long-Term Investments for Retirement
Since you have no current investments and a home loan to deal with, start slowly and steadily building your long-term savings. At 45, you have about 15-20 years until retirement, which is enough time to grow a retirement corpus if you act now.

Systematic Investment Plans (SIPs): Start with an SIP in equity mutual funds. Equity funds have the potential to give higher returns over the long term, which is crucial given the time frame. You can start small and increase contributions as your financial situation stabilizes.

Public Provident Fund (PPF): Consider opening a PPF account. Though it has a lower interest rate compared to equity, it provides tax benefits and a risk-free return. It’s ideal for building a portion of your retirement fund.

Voluntary Provident Fund (VPF): If your company provides EPF (Employee Provident Fund), consider contributing extra to the VPF. This will help build a tax-free retirement corpus.

5. Secure Health and Life Insurance
You already have a Rs 20 lakh mediclaim policy, which is good. However, with two young children, securing your family’s future through proper life insurance is critical.

Term Insurance: You should get a term insurance policy that covers at least 10 times your annual income. With a Rs 24 lakh annual salary, consider a Rs 2.5-3 crore term policy. This will ensure your family’s financial security if anything happens to you.

Review Mediclaim Policy: With rising medical costs, a Rs 20 lakh mediclaim policy may not be sufficient. Consider increasing the coverage to Rs 30-40 lakh, depending on your budget.

6. Manage Current Lifestyle and Expenses
Your children’s school fees are Rs 5 lakh annually, which is a significant part of your income. You’ll need to make sure that this expense does not derail your financial goals.

Budgeting: Create a strict budget to ensure that you are able to save and invest every month. Keep discretionary spending to a minimum until you are able to stabilize your financial situation.

Avoid Lifestyle Inflation: As your income grows, it’s important to avoid lifestyle inflation (increased spending as income rises). Prioritize savings and investments instead of increasing your standard of living.

7. Rebuild Your Financial Confidence
Given the business loss, it's understandable to feel financial strain, but you’re taking the right steps by focusing on your job and rebuilding your financial base. The key now is to be consistent and disciplined with your finances.

Stay Positive and Committed: You have the earning capacity and time to rebuild your financial portfolio. Stick to your investment and debt repayment strategies, and you’ll find that progress happens gradually.

Focus on Long-Term Goals: Short-term market fluctuations and financial hurdles may cause concern, but your goal should always be long-term financial stability and security for your family.

Final Insights
Focus on Debt Reduction: Prioritize paying off your home loan and avoid new debts. Use any excess income or bonuses to prepay the loan faster.

Build an Emergency Fund: Secure at least 6 months of expenses in an easily accessible emergency fund before you start investing.

Start Investing for Kids’ Education: Start an education fund with SIPs in equity mutual funds. This will help you cover the cost of their higher education.

Plan for Retirement: Begin SIPs in equity funds and open a PPF account for long-term retirement savings. Consider VPF contributions if available.

Secure Your Family: Increase health insurance coverage if needed and take a term insurance policy of Rs 2.5-3 crore for your family’s protection.

With disciplined savings, prudent investments, and focused debt repayment, you will be able to rebuild your financial future and secure your children’s education as well as your retirement.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in
Holistic Investment YouTube Channel

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 02, 2024

Asked by Anonymous - Oct 02, 2024Hindi

Money

Hi, I manage to buy five house from where I get Study rental income of 1.2 lakh(net worth of the house is about 4cr). I deposited FD of 80 lakh on my wife's name thru which she gets steady income to pay rent of 30k, and school fee of the kids and house hold expenses. I don't have any loans but bought two more flats for which I may need to take loan for 1CR soon. I have about 50 lakhs in PF, 50 Lakhs in mutual funds, 10 lakhs in shares, 16 lakhs in gold investments. Since I don't have any monthly expenses as of now, all my salary 2L+ I am inviting in different assets in the market. I am 48 year old. Somehow still I am not getting conference to retire yet. I need your help to make me feel comfortable where I stand if I leave my job today. My house hold expenses are 50k. Kids already set for higher studies not more than 30 lakh. From two flats I am bought, I can cancel one flat and get only 50 lakh loan. Please help.

Ans: Hello;

I can see 2 factors that may force you to delay your retirement:

1. Kids higher education+ wedding expenses are underestimated.

2. So long as you have a loan, you need to have salary income to fund the EMIs.

Rental income may help to enhance your corpus or prepay the loan but shouldn't be substituted as source for loan repayment in my view.

If you don't take loan then I can say with some degree of comfort that you are retirement ready but more allocation for kids future expenses is a must(1 Cr+) and also the term insurance cover(1.5-2 Cr) for self and healthcare insurance for the family(Min 50L) are highly desirable.

Feel free to revert in case you have any queries.

Happy Investing!!

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 07, 2024

Question by Koustubh - Dec 07, 2024Hindi

Money

My age is 48 and iam earning 2 lacs per month and rental income is 25k My emi home.loa. is.41000 loan for next 20 years Car loan emi is 16000 for average 7 years Fd i have around 30 lacs Ppf 5 lacs I have sip in equity for 15000.per.month mf is 3.90.lacs today. Ppf i have 3 lacs I have 2 kids daughter is 18 and son is 10 yrs. I have health insurance 15 lacs Term.insurance 30 lacs I have private job. Planning to work til 58. Pleaee advice on investments, debts etc..

Ans: You have a stable income, disciplined savings, and manageable loans. Planning for the next 10 years with a focus on debt reduction, investments, and child education is critical.

Current Income and Expenses
1. Monthly Income and Commitments

Salary: Rs. 2,00,000
Rental Income: Rs. 25,000
Home Loan EMI: Rs. 41,000
Car Loan EMI: Rs. 16,000
2. Savings Overview

FD: Rs. 30 Lakhs
PPF: Rs. 5 Lakhs (including Rs. 3 Lakhs new)
SIP in Mutual Funds: Rs. 15,000 monthly, current corpus Rs. 3.9 Lakhs
Goals Assessment
1. Child Education

Your daughter (18 years) will need higher education support soon.

Start estimating costs and align investments accordingly.

Your son (10 years) has 7-8 years for higher education planning.

2. Retirement Planning

You plan to retire at 58 years.
Your income will stop, but expenses and goals like child marriage will remain.
3. Debt Management

Home Loan EMI is Rs. 41,000 for 20 years, requiring long-term commitment.
Car Loan EMI is Rs. 16,000 for the next 7 years, increasing short-term outflow.
Recommendations for Investment
1. Mutual Funds for Long-Term Growth

Increase SIPs to Rs. 25,000 monthly for a diversified equity mutual fund portfolio.
Include large-cap, flexi-cap, and mid-cap funds for balanced growth.
Ensure you invest through a Certified Financial Planner for professional advice.
2. Debt Mutual Funds for Stability

Shift a portion of FD to debt mutual funds for better post-tax returns.
Ensure at least 20% of your portfolio is in stable debt funds.
3. PPF Contributions

Continue PPF contributions for tax-saving benefits and risk-free returns.
Invest up to Rs. 1.5 Lakhs annually to utilise the full tax exemption.
Debt Management Strategies
1. Accelerate Home Loan Repayment

Use surplus income or maturing FDs to prepay the home loan.
Reducing tenure lowers overall interest outgo significantly.
2. Reassess Car Loan

Evaluate if car loan can be repaid earlier using your FDs.
This will free Rs. 16,000 monthly for investment or other priorities.
Child Education Planning
1. Create a Separate Education Fund

Start SIPs in hybrid or balanced advantage mutual funds for your daughter’s education.
For your son, invest in mid-cap and flexi-cap mutual funds for long-term growth.
2. Use Debt Funds for Near-Term Needs

For education expenses in the next 2-3 years, use debt mutual funds or FDs.
Avoid equity funds for short-term needs due to market volatility.
Insurance Review
1. Health Insurance

Your health cover of Rs. 15 Lakhs is good.
Add a super top-up policy to increase coverage to Rs. 25-30 Lakhs.
2. Term Insurance

Current term cover of Rs. 30 Lakhs may be insufficient.
Increase it to Rs. 1 Crore to protect your family’s financial future.
Tax Efficiency Planning
1. Optimise Deductions

Use the full Rs. 1.5 Lakhs limit under Section 80C through PPF and ELSS.
Claim home loan interest deductions under Section 24(b).
2. Plan Mutual Fund Redemptions

Be mindful of the new mutual fund capital gains tax rules.
Plan redemptions strategically to minimise tax liability.
Final Insights
Your financial foundation is strong, but you must focus on efficient planning. Prioritise debt reduction, increase SIP contributions, and optimise your portfolio. Separate education funds and ensure adequate insurance coverage. With these steps, you can achieve financial freedom by 58 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

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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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• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
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• Cambridge IVF, Cambridge University Hospitals NHS Trust – IVF Senior Clinical Fellowship Scheme
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• Canterbury Christ Church University
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• Royal College of Physicians of London
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KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Aug 02, 2024Hindi

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

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

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

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Dec 20, 2024Hindi

Career

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

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

- Course
- Institution
- Caste
- Creamy layer
- Gender

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - Dec 21, 2024Hindi

Money

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

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

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Kanchan Rai |444 Answers |Ask -Follow

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

Question by Kevin - Dec 19, 2024Hindi

Relationship

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

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

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

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

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

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

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

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

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

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

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

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

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

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

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

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

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

See more questions »

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

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