Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Ramalingam

Ramalingam Kalirajan  |3754 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 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 - May 16, 2024Hindi
Listen
Money

I am 48 years old I am planning to quit. I have 3 lands worth 85 lakhs, FD 15 lakhs, PF 60 lakhs, MF 50, 3 houses.

Ans: Retirement Planning at 48 Years Old
Congratulations on your successful investments and planning for retirement. Let's delve into optimizing your assets and ensuring a comfortable retirement.

Assessing Your Assets
Real Estate
You have three lands and three houses, amounting to a substantial asset base of 85 lakhs. However, real estate can be illiquid and may require maintenance costs.

Fixed Deposits (FD) and Provident Fund (PF)
Your FD of 15 lakhs and PF of 60 lakhs provide stability and security. They are essential components of your retirement portfolio.

Mutual Funds (MF)
Investing in MF with 50 lakhs demonstrates a diversified approach to wealth accumulation. MF offers growth potential and flexibility.

Retirement Goals and Lifestyle
Lifestyle Expectations
Define your desired lifestyle post-retirement. Consider travel, hobbies, healthcare, and other expenses.

Retirement Age
Determine the age at which you plan to retire. This will impact your investment strategy and corpus requirements.

Creating a Retirement Investment Strategy
Asset Allocation
Diversification
Ensure a balanced allocation across asset classes: equities, debt, real estate, and liquid assets.

Real Estate Management
Optimize Returns
Evaluate the potential of your real estate assets. Consider rental income, property appreciation, and market trends.

Fixed Income Instruments
FD and PF Management
Review the interest rates and tax implications of your FD and PF. Explore options for higher-yielding fixed income instruments.

Mutual Funds
Equity and Debt Funds
Continue investing in MF for growth. Consider a mix of equity and debt funds based on your risk tolerance and investment horizon.

Risk Management
Insurance Coverage
Ensure adequate health and life insurance coverage for yourself and your family. This provides financial security during emergencies.

Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of expenses. This provides liquidity and peace of mind.

Tax Planning
Tax-Efficient Investments
Optimize tax benefits through investments like ELSS (Equity-Linked Savings Scheme), tax-free bonds, and NPS (National Pension System).

Capital Gains Tax
Understand the tax implications of selling real estate or MF units. Plan strategically to minimize tax outflows.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to customize your retirement plan. They can provide personalized advice and strategies.

Retirement Transition
Phased Retirement
Consider a phased approach to retirement if you wish to gradually reduce work commitments. This can ease the financial transition.

Financial Review
Regularly review your investment portfolio and retirement plan. Adjustments may be needed based on changing financial goals or market conditions.

Conclusion
Your diversified asset portfolio lays a strong foundation for retirement. Focus on optimizing returns, managing risks, and aligning investments with your retirement goals. Seek professional guidance for a comprehensive retirement plan.

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.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |3754 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
Listen
Money
I am 39 year old married we are leaving with our 7year old daughter. I have 1Cr term insurance. I have 5L office + 5L personal health Insurance. Current Cumulative (me and wife) income 135000 per month. Liabilities Home Loan 24L remained paying 21500 per month EMI. Other Loans - 225000, 10000 per month EMI. My Current detailed investment. NPS 368000/-, 6643 per month EPF 827000/-, 16000 per month Total Mutual Funds 612000/-, 7750 per month Nippon India Small cap 112000/-, 500 per month Mirae asset Larg & Mid Cap 263000/-, 3500 per month, Kotak Flexi cap Fund 142000/- , 1000per month. Prag Parekh Flexi Cap 75450/-, 1750 per month. ICICI Corporate Bond Fund 19750/-, 1000 per month. My Wife investment. Total Mutual Funds 633000/- 13500 per month. Axis Small Cap 94580/-, 1300 per month. Mirae asset Larg & Mid Cap 127000/-, 2500 per month. Motilal Oswal Nasdaq 100 FOF 58390/-, 1600 per month. Axis Blue Chip 184000/-, 4500 per month. Parag Parekh Flexi cap 169000/-, 3600 per month. Sukanya Samrudhi Yojna 75000/-, 1000 per month Cumulatively we have overall Saving till now is 247500/- aprox, and current monthly investment is 44893/- Our currently Monthly expenses are around 50000/- Goals Car of 1500000/- in next 3 to 4 years. Daughters Education 1Cr after 11 years. Daughters Marriage 5000000/- After 17 years. Retirement at 58 years 2Cr life expectancy 75Years (me and wife) Please suggest if goals are reachable with current investment? Please suggest estimated goal amount will be sufficient that time? Please suggest if changes required in goal or monthly or mutual funds investment? Highly appreciated if other suggestions
Ans: You've laid out a comprehensive financial picture with clear goals and detailed investments. Let's analyze and provide insights to help you reach your objectives:

Goals Assessment:
Car Purchase: With your current monthly savings and investment capacity, you're on track to achieve this goal within the specified timeframe.
Daughter's Education: To accumulate 1 crore in 11 years, consider increasing your monthly investment in mutual funds and exploring additional avenues like education-specific investment products or child education plans.
Daughter's Marriage: To accumulate 50 lakhs in 17 years, you may need to enhance your investment contributions further. Review your asset allocation and consider higher-risk, potentially higher-return investments to accelerate growth.
Retirement: Accumulating 2 crores by age 58 seems achievable with your current investments, but it's essential to regularly review and adjust your portfolio to account for changing market conditions and evolving financial needs.
Monthly Investments and Mutual Funds:
Evaluate your current mutual fund portfolio's performance and alignment with your goals. Consider diversifying across different asset classes and fund categories to manage risk and optimize returns.
Increase your SIP amounts gradually, aiming to maximize contributions within your budget constraints. Rebalance your portfolio periodically to maintain an optimal asset allocation.
Consider consulting with a financial advisor to ensure your investment strategy aligns with your risk tolerance, time horizon, and financial goals.
Emergency Fund and Insurance:
Ensure your emergency fund is sufficient to cover at least six months' worth of living expenses. Consider enhancing it further to mitigate unforeseen financial risks effectively.
Review your insurance coverage periodically to ensure it adequately protects your family's financial well-being. Consider supplementing your term insurance coverage if necessary.
Additional Suggestions:
Explore tax-efficient investment options such as Equity Linked Savings Schemes (ELSS) to optimize tax benefits while investing for your long-term goals.
Continuously educate yourself on personal finance and investment principles to make informed decisions and adapt to changing market dynamics effectively.
Regularly reassess your financial plan and goals, making adjustments as needed to stay on track towards achieving financial independence and security.
Overall, with disciplined saving, prudent investing, and periodic review and adjustments, you're well-positioned to achieve your financial goals. Stay focused on your objectives, remain disciplined in your financial habits, and seek professional guidance when needed to navigate your financial journey successfully.

..Read more

Ramalingam

Ramalingam Kalirajan  |3754 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 06, 2024

Listen
Money
Really after reading comments of yours on this qn "I am 48 years old I am planning to quit. I have 3 lands worth 85 lakhs, FD 15 lakhs, PF 60 lakhs, MF 50, 3 houses"...I think this generation should never ever think of getting retirement...He who takes a knife will die by the knife...such he who learns , who earns, will die by learning continuously earning continuously...funny but true
Ans: It sounds like you're reflecting on the challenges and expectations of retirement in the modern era. Indeed, the notion of retirement has evolved significantly, and for many people, the traditional idea of retiring at a set age and living off savings may seem increasingly out of reach or unappealing.

Here are a few points to consider about retirement and continuous engagement in work or learning:

Lifelong Learning and Adaptation: The rapid pace of technological and societal change means that staying engaged and continuously learning can be crucial for personal and professional growth. Many people find fulfillment in staying active intellectually and professionally.

Financial Security: The financial landscape has shifted, with many facing uncertainties related to pensions, savings, and healthcare costs. Ensuring a stable financial future often requires ongoing income or strategic financial planning.

Purpose and Fulfillment: For some, work provides a sense of purpose and identity. Retirement doesn’t necessarily mean stopping all productive activities; many people transition to new careers, volunteer work, or pursue hobbies and interests that keep them engaged and fulfilled.

Health and Longevity: Advances in healthcare have increased life expectancy, meaning that many people will spend more years in retirement than previous generations. This requires careful financial and lifestyle planning to maintain a good quality of life over a longer period.

Diverse Retirement Goals: Retirement is highly individual. Some may dream of leisure and travel, while others may prefer to start new ventures or continue working part-time. Flexibility in retirement planning can help accommodate diverse goals and lifestyles.

In summary, while the concept of retirement is changing, it doesn't mean that people can't retire; it just means that retirement might look different for each person. Balancing continuous learning and earning with rest and leisure is key to a fulfilling life at any stage.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |3754 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 09, 2024

Money
I am 47 years old with 2 sons 19 and 13. One Collage 2nd year other in 8th standard. My net take home is 2.70 per month. Planning to quit in Sep 2024. No liability for me. I have house valued at 2.4cr, MF and share market value 48!lakhs, PF worth 58 lakhs, NPS 7lakhs, Insurance maturity value at 13lakhs @2025. Jewels worth 38lakhs, FD worth 15 lakhs. Please suggest me whether i can retire early?
Ans: Assessing Your Financial Readiness for Early Retirement
Thank you for sharing your detailed financial situation. It's commendable that you've planned ahead and considered the various aspects of your financial health. Let's analyze whether you can retire early based on your current assets and expected expenses.

Current Financial Position
Assets Overview
House: Rs 2.4 crore
Mutual Funds and Shares: Rs 48 lakhs
Provident Fund (PF): Rs 58 lakhs
National Pension System (NPS): Rs 7 lakhs
Insurance Maturity Value (2025): Rs 13 lakhs
Jewels: Rs 38 lakhs
Fixed Deposit (FD): Rs 15 lakhs
Your total assets amount to Rs 4.19 crore. These are substantial assets, but let's break down their liquidity and utility for retirement planning.

Liabilities
You mentioned you have no liabilities, which is excellent. Being debt-free is a strong foundation for retirement planning.

Future Financial Requirements
Household Expenses
Estimate your monthly expenses post-retirement. Considering a conservative estimate:

Monthly Expenses: Rs 1 lakh (to cover all living costs, including healthcare and leisure)
Children's Education
Your elder son is in college, and the younger one is in 8th standard. Let's allocate funds for their remaining education:

Elder Son's Education: Assuming Rs 10 lakhs for the remaining college years.
Younger Son's Education: Assuming Rs 15 lakhs for school and Rs 20 lakhs for college.
Total estimated education costs: Rs 45 lakhs.

Emergency Fund
Maintain an emergency fund covering 12 months of expenses:

Emergency Fund: Rs 12 lakhs
Calculating Required Corpus
To determine if you can retire early, we need to calculate the corpus required to sustain your lifestyle and meet your goals.

Monthly Expenses and Inflation
Assume an annual inflation rate of 6% and a life expectancy of 85 years. You plan to retire at 48, so we need to cover 37 years.

Using a simplified approach, the future value of monthly expenses considering inflation over 37 years is:

Future Value = Present Value * (1 + inflation rate)^(number of years)

Annual Expenses: Rs 12 lakhs

Future Annual Expenses = Rs 12 lakhs * (1.06)^37 = Rs 1.12 crore (approx.)

Now, calculating the corpus needed to generate this income annually, assuming a conservative return of 7% post-retirement:

Required Corpus = Future Annual Expenses / Withdrawal Rate

Withdrawal Rate = 4% (a common safe withdrawal rate for retirement planning)

Required Corpus = Rs 1.12 crore / 0.04 = Rs 28 crore

Evaluating Your Assets
Liquid Assets
Mutual Funds and Shares: Rs 48 lakhs
Provident Fund (PF): Rs 58 lakhs
National Pension System (NPS): Rs 7 lakhs
Fixed Deposit (FD): Rs 15 lakhs
Insurance Maturity Value (2025): Rs 13 lakhs
Total Liquid Assets: Rs 1.41 crore

Non-Liquid Assets
House: Rs 2.4 crore (Can generate rental income if not sold)
Jewels: Rs 38 lakhs
Total Non-Liquid Assets: Rs 2.78 crore

Rental Income from Property
Assuming you rent out your house, which can generate a conservative rental yield of 3%:

Annual Rental Income = Rs 2.4 crore * 0.03 = Rs 7.2 lakhs

Creating an Income Stream
Investment Strategy
To ensure a stable income, diversify your investments across different asset classes. Here's a suggested allocation:

Equity Mutual Funds: Continue investing for growth.
Debt Funds/FDs: Provide stability and regular income.
NPS: Offers regular annuity post-retirement.
Rental Income: Adds a steady income stream.
Income Generation
Rental Income: Rs 7.2 lakhs per year
Equity and Debt Investments: Generate around 7% return
Total Annual Income Required: Rs 12 lakhs (adjusted for inflation over the years)

Managing Investments and Withdrawals
Regular Monitoring
Regularly monitor and adjust your investments to ensure they align with your goals and market conditions.

Withdrawal Strategy
Follow a systematic withdrawal strategy to ensure your corpus lasts throughout your retirement. A mix of fixed deposits and mutual funds can provide both liquidity and growth.

Importance of a Certified Financial Planner
While the above analysis provides a general guideline, consulting a Certified Financial Planner (CFP) is crucial. A CFP can offer tailored advice based on your specific situation, goals, and risk tolerance. They can help you optimize your investment strategy, manage risks, and ensure a smooth transition into retirement.

Systematic Withdrawal Plan (SWP)
A Systematic Withdrawal Plan (SWP) can be an effective way to manage your retirement funds. It allows you to withdraw a fixed amount regularly from your mutual fund investments. This provides a steady income stream and helps in managing cash flow efficiently.

Benefits of SWP
Regular Income: Ensures a steady flow of funds to meet your monthly expenses.
Tax Efficiency: Only the capital gains part of the withdrawal is taxable, making it more tax-efficient than other forms of income.
Capital Preservation: Helps in preserving the capital while providing regular income.
Flexibility: You can adjust the withdrawal amount as per your changing needs.
Implementing SWP
To implement SWP, identify the mutual funds that align with your risk profile and financial goals. Work with your CFP to set up a withdrawal schedule that ensures your corpus lasts throughout your retirement.

Healthcare and Insurance
Ensure you have adequate health insurance coverage. Healthcare costs can be significant, and having comprehensive insurance will protect your corpus.

Contingency Planning
Life can be unpredictable. Having a robust contingency plan ensures that unforeseen expenses do not derail your financial stability. This includes:

Emergency Fund: Rs 12 lakhs
Contingency Plans for Healthcare: Adequate insurance coverage and an additional healthcare fund.
Final Insights
Based on your current financial position and careful planning, retiring early in September 2024 seems feasible. With a strategic approach to managing and investing your assets, you can ensure a stable and comfortable retirement. Focus on generating steady income through diversified investments, rental income, and systematic withdrawals.

Your disciplined financial planning has provided a solid foundation. Regularly review your financial plan and adjust it as needed to stay on track. Consulting a Certified Financial Planner will provide you with the professional guidance needed to navigate the complexities of retirement planning.

Enjoy your retirement with peace of mind, knowing you've planned well for your future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |3754 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 13, 2024

Asked by Anonymous - Jun 12, 2024Hindi
Money
Hi sir, i have a land of 1.5 cr and no loans. Also I have my own house.My age is 38. I am working in IT, and due to heavy work pressure, I want to quit. Is it fine if i quit my job and can survive for next 30 years by investing land.. Thanks.
Ans: Understanding Your Current Financial Position
At 38 years old, you have a significant asset base. Owning a piece of land valued at Rs 1.5 crore and having no loans is commendable. Your own house further adds to your financial stability. Your achievements are noteworthy, and it's clear you've worked hard to build a secure foundation.

Evaluating the Decision to Quit Your Job
Quitting your job due to work pressure is a significant decision. It's important to assess whether your current assets and potential investments can sustain you for the next 30 years. Let's break down this decision into various factors that need consideration.

Assessing Your Monthly Expenses
First, calculate your monthly expenses. Include all essential costs like food, utilities, healthcare, insurance, and any dependents' needs. Understanding your monthly expenditure is crucial in determining if your investments can cover these costs for the next 30 years.

Estimating Future Inflation
Inflation impacts the purchasing power of your money over time. An average inflation rate of 5-6% per year can significantly increase your expenses over the years. Consider future inflation to ensure your investments can keep up with rising costs.

Potential Income from Land
Your land valued at Rs 1.5 crore is a substantial asset. However, it is essential to understand the potential income it can generate. Selling the land and investing the proceeds is one option. Alternatively, leasing it out could provide a regular income stream.

Investment Options for Long-Term Stability
Investing the proceeds from the sale of land requires a well-thought-out strategy. Given the long-term horizon, a mix of equity, mutual funds, and debt instruments can provide growth and stability. Let's explore these options in detail.

Advantages of Actively Managed Funds
Actively managed funds are a strong consideration for your investment strategy. Fund managers actively select securities to outperform the market. This can offer higher returns compared to passive options like index funds, which merely track a market index without active oversight.

Disadvantages of Index Funds
Index funds have limitations, as they do not adapt to market changes. They may underperform during market downturns. Actively managed funds can adjust their strategies based on market conditions, providing a more dynamic approach to investing.

Regular vs Direct Funds
Direct funds require significant market knowledge and time. Investing through a Mutual Fund Distributor (MFD) with Certified Financial Planner (CFP) credentials offers professional management. This guidance ensures your investments align with your financial goals.

Creating a Diversified Portfolio
Diversification reduces risk. A balanced portfolio includes equity for growth, debt instruments for stability, and some liquid assets for immediate needs. This approach ensures a steady income stream and capital preservation over time.

Importance of Liquidity
Maintaining liquidity is crucial. Keeping a portion of your investments in liquid funds or short-term instruments ensures you can access cash quickly. This prevents the need to liquidate long-term investments in emergencies.

Systematic Withdrawal Plans (SWPs)
Systematic Withdrawal Plans (SWPs) can provide regular income. By investing in mutual funds and setting up an SWP, you can withdraw a fixed amount periodically. This ensures a steady income stream while allowing the remaining investment to grow.

Health Insurance and Emergency Funds
Adequate health insurance is vital to cover medical expenses. Also, an emergency fund with at least six months' worth of expenses ensures you are prepared for unexpected costs. These safeguards protect your financial stability.

Tax Implications
Understand the tax implications of selling your land and other investments. Long-term capital gains tax applies to profits from the sale of land and equity investments held for more than a year. Consulting a tax advisor can help optimize your tax strategy.

Risk Management
Effective risk management is crucial for long-term financial security. Diversifying your investments, maintaining liquidity, and having an emergency fund are key components. Regularly reviewing your portfolio and adjusting based on market conditions helps manage risks.

Long-Term Perspective
Investing with a long-term perspective is essential. Equity investments, while volatile in the short term, tend to deliver higher returns over the long term. Patience and discipline are crucial in achieving long-term financial success.

Regular Monitoring and Review
Regularly monitoring your portfolio's performance is necessary. Setting up a system for monthly or quarterly reporting helps track progress towards your goals. This ensures transparency and accountability in your investment journey.

Leveraging Professional Advice
Consulting with a Certified Financial Planner provides valuable insights. Their expertise helps navigate complex financial decisions and optimize your investment strategy. Regular consultations ensure your financial plan remains on track.

Stress Management and Mental Wellbeing
Quitting your job due to work pressure highlights the need for stress management and mental wellbeing. Consider exploring ways to manage stress, such as taking a sabbatical, seeking professional help, or finding a less stressful job within your field.

Potential Alternative Income Sources
Exploring alternative income sources can provide additional financial security. Freelancing, consulting, or part-time work in your field can generate income while allowing for a better work-life balance. This reduces the pressure on your investments to cover all expenses.

Financial Independence and Early Retirement
Achieving financial independence and retiring early (FIRE) requires careful planning. Ensuring your investments can generate enough income to cover your expenses for 30 years is challenging but achievable with the right strategy. Regularly reassess your financial plan to adapt to changing circumstances.

Importance of Lifestyle Adjustments
Consider potential lifestyle adjustments to reduce expenses. Simple changes like cutting unnecessary costs and adopting a frugal lifestyle can significantly extend the longevity of your investments. Balancing enjoyment and financial prudence is key.

Family and Dependents
If you have family or dependents, their needs should be factored into your financial plan. Education, healthcare, and other expenses should be accounted for to ensure their well-being is not compromised.

Estate Planning
Estate planning is crucial for ensuring your assets are distributed according to your wishes. Creating a will, setting up trusts, and nominating beneficiaries for your investments are important steps. This provides peace of mind and clarity for your loved ones.

Final Insights
Quitting your job and relying on your land and investments to sustain you for 30 years is a significant decision. Assessing your monthly expenses, future inflation, and potential income from land is crucial. Investing the proceeds from the land sale in a diversified portfolio ensures growth and stability. Actively managed funds offer professional oversight and potential for higher returns. Maintaining liquidity, having adequate health insurance, and creating an emergency fund are essential. Consulting with a Certified Financial Planner and regularly reviewing your strategy will guide you towards achieving financial security.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Nayagam P

Nayagam P P  |390 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

Asked by Anonymous - Jun 16, 2024Hindi
Listen
Career
Hi sir, my son got 9323 rank in comedk and 23350 rank in KCET. As per last year cutoff he may get Mechanical seat in BMS or MSRIT. Please suggest which one is good for Mechanical engineering
Ans: Both are equally good for Mechanical. Some factors to keep in mind before choosing either college for your Son: (1) Location Preference (2) Will stay in Hostel (or) study as Day Scholar (3) Your affordability for fees (if there is a major difference in fees between these 2 colleges & (4) Availability of transport from your home to college. Whatever Institute / University & Branch your Son chooses, he should keep upgrading his skills from his 1st year itself till his Campus Placement during his last year, from LinkedIn, Coursera, NPTEL, Internshala etc. and / or any other online platforms, recommended by his College Faculties, to be COMPETENT among other Students.

All The BEST for your Son’s Bright Future.

To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

Nayagam PP |
EduJob360 |
CERTIFIED Career Coach | Career Guru |
https://www.linkedin.com/in/edujob360/

...Read more

Nayagam P

Nayagam P P  |390 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

Asked by Anonymous - Jun 16, 2024Hindi
Listen
Career
I'm a girl from Jharkhand, I got 91.87%ile in jee mains, crl 1.22 lakh, category rank 40k. In which counselling program should I apply for and what colleges can I get at this rank? Is there any chance to get colleges through board %age as I got 95% in CBSE class XII
Ans: With your CBSE marks and Category Rank, you can try with any one of the top Private Colleges. And, try NIT Tier 2 Institutes. However, you have to compromise on the Stream or NIT Location you prefer. Whatever Institute / University / Branch / Domain you choose, keep upgrading your skills from 1st year itself till your Campus Placement during your last year, from LinkedIn, NPTEL, Coursera, Internshala etc. and / or any other online platforms, recommended by your College Faculties, to be COMPETENT among other Students, for jobs.

All The BEST for your Bright Future.

To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad)’, please FOLLOW me in RediffGURU here.

Nayagam PP |
EduJob360 |
CERTIFIED Career Coach
https://www.linkedin.com/in/edujob360/

...Read more

Nayagam P

Nayagam P P  |390 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

Asked by Anonymous - Jun 16, 2024Hindi
Listen
Career
My daughter scored 251 in BITSAT, and 25k in jee mains. She is getting mechanical and chemical in warangal nit. What should we do?
Ans: Order of Preference , keeping in view his Score / Ranks, for online counselling (1) BITS-Pilani for Mechanical | MSc (if she prefers) (2) NIT-Mechanical with Warrangal (2) BITS-Hyderabad (Electrical & Electronics | Electronics & Instrumentation | MSc Courses (3) BITS-Goa - (Mechanical | Electrical & Electronics | Electronics & Communication | Electronics & Instrumentation | MSc Courses). (4) NIT-Chemical with Warrangal. Before taking final decision to the most suitable option, please consider some important factors such as (1) Her interest for Stream & (2) Location Preference. Whatever Institute / University & Branch your Son chooses, she should keep upgrading her skills from his 1st year itself till his Campus Placement during her last year, from LinkedIn, Coursera, NPTEL, Internshala etc. and / or any other online platforms, recommended by her College Faculties, to be COMPETENT among other Students.

All The BEST for your Daughter’s Bright Future.

To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

Nayagam PP |
EduJob360 |
CERTIFIED Career Coach | Career Guru |
https://www.linkedin.com/in/edujob360/

...Read more

Nayagam P

Nayagam P P  |390 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

Listen
Career
Hi,My son got sandip University nashik cse (AIMl) is it good college to go for his studies or else need to try another colleges in Bangalore??
Ans: Raju Sir, you have asked the need for Bengaluru Colleges. If your son has appeared for COMEDK or any other Private Colleges' its own entrance exams, better he tries through them. It depends upon your son's Rank / Score & the streams he prefers. Recommended before your son goes for Sandip University (if he has no other option, as time is very less now). Whatever Institute / University & Branch your Son chooses, he should keep upgrading his skills from his 1st year itself till his Campus Placement during his last year, from LinkedIn, Coursera, NPTEL, Internshala etc. and / or any other online platforms, recommended by his College Faculties, to be COMPETENT among other Students.

All The BEST for your Son’s Bright Future.

To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

Nayagam PP |
EduJob360 |
CERTIFIED Career Coach | Career Guru |
https://www.linkedin.com/in/edujob360/

...Read more

Nayagam P

Nayagam P P  |390 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

Ramalingam

Ramalingam Kalirajan  |3754 Answers  |Ask -

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

Asked by Anonymous - Jun 17, 2024Hindi
Money
I want to invest in 10 L lumpsum for 3-5 years. What is the best strategy for getting good returns (at least 12-15 %)? I want to use this money further for my own business.
Ans: Understanding the Investment Landscape
Investing a lump sum of Rs 10 lakh with the goal of achieving good returns requires a thorough understanding of the investment landscape. Given your objective to use this money for your own business in 3-5 years, it's important to choose a strategy that balances potential returns with acceptable levels of risk.

The Importance of Time Horizon
Your investment time horizon significantly impacts the type of investment strategy you should adopt. While you are considering a 3-5 year period, achieving a 12-15% return may require a slightly longer horizon.

Investing for at least 7 years could better align with your return expectations and allow your investment to ride out market volatility.

Embracing Market Volatility
Investing in the market inherently involves dealing with volatility. Market fluctuations are natural and can impact short-term investment performance.

However, historically, equity markets have shown growth over longer periods, offering potential for substantial returns. Embracing this volatility is crucial to achieving your financial goals.

Benefits of Mutual Funds
Mutual funds offer a diversified investment option that can help mitigate risks while providing exposure to growth opportunities. Actively managed funds, in particular, are managed by professional fund managers who aim to outperform the market by making strategic investment decisions.

Advantages of Actively Managed Funds
Professional Management: Skilled fund managers actively monitor and adjust the portfolio, aiming for higher returns.

Diversification: Mutual funds invest in a variety of assets, reducing the risk associated with individual investments.

Liquidity: Mutual funds offer liquidity, allowing you to redeem your investment when needed.

Transparency: Regular updates and reports keep investors informed about their investments.

Disadvantages of Index Funds
Market Mimicry: Index funds aim to replicate the performance of a specific index, limiting their potential to outperform.

No Active Management: Lack of professional management can lead to missed opportunities in dynamic market conditions.

Limited Flexibility: Index funds follow a predetermined strategy, offering little flexibility in response to market changes.

Benefits of Investing Through Certified Financial Planners
Investing through a Certified Financial Planner (CFP) ensures that your investments are aligned with your financial goals.

CFPs offer personalised advice and can help navigate the complexities of the financial markets.

Advantages of Regular Funds
Expert Guidance: MFDs with CFP credentials provide valuable insights and strategic advice.

Tailored Solutions: Regular funds offer customised investment strategies based on individual goals and risk tolerance.

Support and Service: Professional support for investment decisions and portfolio management.

Holistic Planning: CFPs consider your overall financial situation, ensuring comprehensive financial planning.

Understanding Investment Risks
Every investment carries a certain level of risk. It's crucial to understand and accept these risks when aiming for higher returns.

Types of Risks
Market Risk: The risk of investments declining due to market fluctuations.

Interest Rate Risk: The risk of interest rate changes affecting investment values.

Inflation Risk: The risk of inflation eroding purchasing power over time.

Importance of Staying the Course
Investing with a long-term perspective requires patience and discipline. Market volatility can be unsettling, but staying the course is essential for achieving your investment goals.

Strategies for Staying the Course
Avoid Emotional Decisions: Base your investment decisions on facts and long-term goals, not short-term market movements.

Regular Reviews: Periodically review your investment portfolio to ensure it aligns with your goals and risk tolerance.

Rebalancing: Adjust your portfolio to maintain your desired asset allocation.

Reinvestment Strategies
If you hold LIC, ULIP, or investment-cum-insurance policies, consider evaluating their performance.

Surrendering underperforming policies and reinvesting in mutual funds can potentially yield better returns.

Benefits of Reinvestment
Higher Returns: Mutual funds typically offer higher returns compared to traditional insurance policies.

Flexibility: Reinvestment in mutual funds provides more flexibility and control over your investments.

Cost Efficiency: Mutual funds often have lower costs and fees compared to insurance policies.

Strategic Asset Allocation
Asset allocation is crucial for managing risk and achieving your desired returns. A well-balanced portfolio should include a mix of equity, debt, and other instruments.

Suggested Allocation
Equity Funds: Allocate a significant portion to equity funds for growth potential.

Debt Funds: Include debt funds for stability and regular income.

Hybrid Funds: Consider hybrid funds for a balanced approach to risk and return.

Regular Monitoring and Adjustments
Continuous monitoring and adjustments to your portfolio are necessary to ensure it remains aligned with your financial goals.

Benefits of Regular Monitoring
Performance Tracking: Monitor the performance of your investments regularly.

Timely Adjustments: Make necessary adjustments to optimise returns and manage risks.

Goal Alignment: Ensure your investments remain aligned with your evolving financial goals.

Final Insights
Investing a lump sum of Rs 10 lakh requires careful planning and a strategic approach.

Understanding the investment landscape, embracing market volatility, and opting for actively managed mutual funds are key steps towards achieving your financial goals.

Staying the course, regularly reviewing your portfolio, and seeking professional guidance from a Certified Financial Planner can enhance your investment experience and outcomes. By focusing on a balanced and diversified investment strategy, you can work towards achieving your desired returns while preparing for your business ventures.

Invest wisely, stay informed, and be patient to see your investments grow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Nayagam P

Nayagam P P  |390 Answers  |Ask -

Career Counsellor - Answered on Jun 17, 2024

Asked by Anonymous - Jun 17, 2024Hindi
Listen
Career
Please include one more choice in the selection criteria 1. Vit Vellore CSE in 4th category 2. Pes ec campus CS 3. MIT BANGALORE CSE We are staying in Bangalore, which choice is better and please help with reasoning?
Ans: You have not mentioned in which-all Entrance Exams you appeared (COMEDK \ KCET etc.)? However, order of Preference (1) PES (Electronic City) (2) MIT-Bengaluru (here, however, please note, for some students this is not suitable due to its culture (non-academic / psychological factors). (3) VIT-Vellore (check the fee structure of all 4-years for affordability). If you have appeared in COMEDK & KCET also, find out 1-2 options even the colleges belong to Tier 2 category. Whatever Institute / University / Branch / Domain you choose, keep upgrading your skills from 1st year itself till your Campus Placement during your last year, from LinkedIn, NPTEL, Coursera, Internshala etc. and / or any other online platforms, recommended by your College Faculties, to be COMPETENT among other Students, for jobs.

All The BEST for your Bright Future.
To know more on ‘ Careers | Education | Jobs | Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Exam Preparation Techniques (Board | Entrance & Competitive)| Strategies to Attempt Exams | Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

Nayagam PP |
EduJob360 |
CERTIFIED Career Coach | Career Guru |
https://www.linkedin.com/in/edujob360/

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x