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Ramalingam

Ramalingam Kalirajan  |9857 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 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 11, 2024Hindi
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Sir, I am 59 and a private employee without any retirement benefits. I am doing MF sip for the last 3 years for my retirement. I have a total of 40 lakh in MF. There is no age restriction for retirement in our organisation, I want to work for 5 more years to have a fund of 1 crore. How much sip should I do and in which funds ?

Ans: Here's how you can plan for your retirement, considering your current situation:

Reaching 1 Crore Corpus:

Additional SIP: To reach 1 crore in 5 years, assuming a 12% annual return (aggressive assumption, actual returns may vary), you'd need to invest an additional Rs.33,000 per month (using a SIP calculator). This adds to your existing SIP amount.
Investment Strategy:

Continue Existing SIP: It's good to continue your existing SIP as it forms your investment base.
Diversify for Growth: Consider a diversified aggressive portfolio for the additional SIP to potentially maximize growth within a 5-year timeframe. This could include:
Large-Cap Funds: Invest a portion in large-cap funds for stability and growth.
Multi-Cap Funds: Invest a portion in multi-cap funds for broader market exposure and growth potential.
Mid-Cap Funds (Optional): A small portion in mid-cap funds can add growth potential, but also carries higher risk.
Consultation is Key: These are general suggestions. Consulting a Certified Financial Planner (CFP) is highly recommended. They can consider your risk tolerance, existing MF portfolio, and desired retirement corpus to create a personalized investment plan.

Remember:

Market Volatility: The stock market is volatile. There's no guarantee of 12% returns, and you might face fluctuations.
Review Portfolio: Regularly review your portfolio with your CFP to ensure it aligns with your evolving goals and risk tolerance.
Alternative Scenario:

If a more aggressive investment approach concerns you, consider working a few extra years to reach your desired corpus. This reduces the monthly SIP amount required.

Reaching your retirement goals is achievable! Plan wisely, diversify, and seek professional guidance for a secure future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
Asked on - May 12, 2024 | Answered on May 12, 2024
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Thank you very much for quick response
Ans: Welcome :)
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

Ramalingam Kalirajan  |9857 Answers  |Ask -

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

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Hello Dev, I am 32 years old and would like to start SIP for 5k per month to create retirement corpus of 1 crore. Also would like to generate 30 lacs in another 10 years for closing housing loan. Already have three MF SIP as below. Quant active fund 1000 Quant ELSS tax saver fund 500 ICICI prudential corporate bond fund 150 Kindly suggest in which MF should I invest further and also how much should I increase the SIP amount to achieve the above goals. Thank you.
Ans: It's great to see your proactive approach towards planning for your financial future. Your dedication to investing is commendable.
Starting an SIP with 5k per month is a wise decision to create a retirement corpus of 1 crore. Additionally, generating 30 lakhs in 10 years to close your housing loan is a smart goal.
Considering your existing SIPs in Quant Active Fund, Quant ELSS Tax Saver Fund, and ICICI Prudential Corporate Bond Fund, you have a good foundation. However, to diversify your portfolio and align it with your goals, you may want to consider the following suggestions:
1. Equity-oriented funds with higher growth potential can help you achieve your long-term goals. Look into diversified equity funds or multi-cap funds for exposure to various segments of the market.
2. Since your investment horizon is long-term, you can afford to take slightly higher risks for potentially higher returns. Adding more equity-oriented funds can help you achieve this.
3. To generate the required amount for your housing loan closure in 10 years, you may need to increase your SIP amounts gradually. Consider reviewing your financial situation periodically and increasing your SIP contributions accordingly.
4. As a Certified Financial Planner, I recommend staying disciplined with your investments and adhering to your financial plan. Regularly review your portfolio's performance and make adjustments as needed to stay on track towards your goals.
By diversifying your portfolio and gradually increasing your SIP amounts, you can work towards achieving your financial objectives effectively.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9857 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

Asked by Anonymous - Apr 07, 2024Hindi
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Hello, I am 32 years old and would like to start SIP for 5k per month to create retirement corpus of 1 crore. Also would like to generate 30 lacs in another 10 years for closing housing loan. Already have three MF SIP as below. Quant active fund 1000 Quant ELSS tax saver fund 500 ICICI prudential corporate bond fund 150 Kindly suggest in which MF should I invest further and also how much should I increase the SIP amount to achieve the above goals. Thank you.
Ans: Building Your Retirement Corpus and Closing Your Home Loan: A Two-Pronged Approach
Starting an SIP at 32 is a great decision! Let's analyze your current situation and suggest ways to achieve your goals:

Current SIPs:

Diversification: Your existing SIPs cover some diversification with a large-cap fund (Quant Active), tax-saving (Quant ELSS), and a debt fund (ICICI Prudential Corporate Bond).

Goal Alignment: Review if your existing SIP allocations are aligned with your goals. Consider increasing the debt fund SIP for your short-term goal (closing home loan).

Reaching Your Goals:

Retirement Corpus: Creating a ?1 crore corpus in a specific timeframe requires considering factors like investment horizon, risk tolerance, and expected returns. A CFP can help with calculations based on realistic assumptions.

Home Loan Closure: Generating ?30 lacs in 10 years is achievable with a focused approach. Debt funds and balanced funds can be suitable options, offering stability and some growth potential.

SIP Allocation and Increase:

Debt SIP Increase: Consider increasing your SIP in ICICI Prudential Corporate Bond Fund (or a similar debt fund) to accelerate your home loan closure.

New SIP for Retirement: Start a new SIP for retirement, focusing on equity funds with a longer investment horizon. Actively managed equity funds involve experienced fund managers who try to pick stocks to outperform the market. Actively managed funds come with higher fees compared to passively managed funds.

Risk Tolerance: Choose a mix of equity funds (large-cap, mid-cap) based on your risk tolerance. A CFP can help you determine the ideal asset allocation.

Professional Guidance:

Personalized Plan: A Certified Financial Planner (CFP) can create a detailed SIP plan considering your risk tolerance, financial goals, and existing investments. They can recommend specific debt and equity funds based on your needs and suggest appropriate SIP amounts for each goal.
Remember:

Regular Review: Review your SIPs (at least annually) to ensure they remain aligned with your evolving goals and risk tolerance.

Market Fluctuations: Equity markets are volatile. Stay invested for the long term to ride out market ups and downs.

By taking action now, diversifying your SIPs, and potentially seeking professional guidance, you can work towards achieving your financial goals!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9857 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 01, 2024Hindi
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Hi sir, I am PRASAD 59 yrs. I am investing in MF @ 50 k pm for the last 3 years and ramped up it to 85 k pm for an year. Accumulated about 35 lakhs. I am a private employee and don't have any retirement benefits.I own a flat, don't have any loans. I want to continue to work for 3 more years and and continue the the SIP. To get a monthly income of 75 k, how much should I do SIP for next 3 years.
Ans: Hello Prasad,

Your dedication to securing your financial future is commendable. Let's devise a personalized SIP strategy to ensure a monthly income of ?75,000 post-retirement, considering your current investments and timeline.

Evaluating Your Current Situation
Currently, you've accumulated ?35 Lakhs through systematic investment plans (SIPs) in mutual funds over the past few years. Additionally, you own a flat, and being debt-free is a significant advantage in your financial journey.

Assessing Retirement Income Needs
To generate a monthly income of ?75,000 post-retirement, we need to calculate the corpus required to sustain this income stream. Considering a safe withdrawal rate of around 4% per annum, the corpus needed would be approximately ?2.25 Crores.

Calculating SIP Contribution for the Next 3 Years
With a current corpus of ?35 Lakhs, and aiming for a total corpus of ?2.25 Crores in 3 years, we need to determine the additional SIP contribution required to bridge this gap.

Utilizing SIP Calculator Tools
Using SIP calculators available online or consulting with your Certified Financial Planner, we can ascertain the monthly SIP amount needed to reach the desired corpus. Factors such as expected rate of return, investment horizon, and risk tolerance will influence this calculation.

Importance of Regular Review and Adjustment
Regularly reviewing your investment portfolio and adjusting your SIP contributions based on changes in income, expenses, and market conditions is crucial. Your Certified Financial Planner can provide personalized guidance to ensure your investments remain aligned with your goals.

Your proactive approach to retirement planning is admirable. By continuing your disciplined savings habit and seeking professional advice, you're well-positioned to achieve your desired retirement income. Remember, consistency and patience are key to long-term financial success.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Sir iiit sonepat cse vs iiit nagpur cse What is best for me From uttrakhand
Ans: IIIT Nagpur and IIIT Sonepat both offer NAAC-accredited flagship B.Tech CSE programs through JEE Main, but IIIT Nagpur stands out for its higher median package, stronger placement rate, and national ranking. IIIT Nagpur, accredited with NAAC A+, is ranked among the top 103 engineering colleges in India, features a campus with advanced infrastructure, and recently posted a median package of ?11LPA for CSE with an 89% placement rate and top recruiters like Infosys, TCS, and CISCO. IIIT Sonepat, established in 2014 as an Institution of National Importance, shows a median package of ?8.6LPA in 2025 and an approximate 78% placement rate, with recruiters including Amazon and Microsoft. Both courses emphasize core CSE skills, practical workshops, and national-level faculty, but IIIT Nagpur offers a wider range of emerging tech specializations such as AI-ML and Data Science, and its students gain exposure to top tech companies and consistently higher salaries. Both institutes offer hostels, libraries, and strong academic ties, but Nagpur’s better campus life, faculty engagement, and research centers give it an edge for future-focused learning.

Recommendation: If your primary goal is higher placement probability, a modern academic ecosystem, and exposure to the newest domains in computer science, IIIT Nagpur CSE is the better choice. IIIT Sonepat is still a strong alternative, especially if you desire proximity to North India and wish for a focused, student-friendly atmosphere, but Nagpur’s higher placements and broader opportunities make it the preferred pick for all-round growth and career prospects. All the BEST for a Prosperous Future!

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I got 67 percentile in jee mains and sc category rank is 34,240 and crl is 4,84,863 and in jee adv i got a preparatory seat so i didn't get any seat in josaa counselling so my question is, should i hope that i will definitely get a seat in csab counselling or should i go for private colleges? By considering this 2025 jee mains qualified students list
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Recommendation: Participate in CSAB rounds since there is no risk, but make timely decisions with backup admissions at private colleges in Northern India, which not only guarantee you a seat but also provide support and opportunity for career advancement.

Private colleges where your SC JEE Main rank of 34,240 is accepted for B.Tech include Chandigarh University, Mohali for Mechanical, Civil, ECE, and CSE. Lovely Professional University, Jalandhar for B.Tech in all mainstream branches. Amity University, Noida for B.Tech CSE, IT, and ECE. Sharda University, Greater Noida for B.Tech CSE and allied branches. Galgotias University, Greater Noida for core engineering branches. Jaypee Institute of Information Technology, Noida for CSE and ECE. ABES Engineering College, Ghaziabad for CSE, IT, and ECE. Indraprastha Institute of Technology & Management, Delhi for B.Tech programs. GL Bajaj Institute of Technology & Management, Greater Noida for CSE. Maharaja Agrasen Institute of Technology, Delhi for core and circuit branches. These institutions are widely regarded for SC campus support and ensure transparent, merit-based JEE Main admission up to your rank, making them ideal and feasible alternatives if you don’t secure a CSAB allotment. All the BEST for a Prosperous Future!

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Sir jee me rank 112671 kya csab round me cse with ai,et,ecre,it,data science kya gfti collage me admission mil sakta hi
Ans: Abhishek, With a JEE Main 2025 rank of 112,671, securing admission through CSAB in a GFTI for branches like CSE with AI, Electronics and Telecommunication, ECE, IT, or Data Science is highly unlikely, as most GFTI and IIIT closing ranks for these sought-after programs are well below this cut-off. For context, recent and current CSAB special round closings for top GFTI branches (CSE, IT, ECE, DS, and allied) typically fall between 40,000 and 60,000 for general candidates, with even peripheral branches and institutes not extending to 110,000 for open category seats. Electronics and Telecommunication or Data Science in GFTIs—such as Assam University, Guru Ghasidas Vishwavidyalaya, and BIT Mesra—also show similar cut-offs, and recent trends confirm no IT or CSE+AI admissions for those above 90,000. Opportunities in NITs or IIITs are even more restrictive for your rank in these streams, as confirmed by official CSAB and leading portal analyses. Even with state or gender-based relaxations, 112,671 exceeds all recent CSAB computer/electronics-oriented program cutoffs at government-aided institutes. As a result, it is important to simultaneously prepare for admissions into North Indian private engineering colleges, which routinely accept JEE Main candidates with ranks beyond 100,000 for CSE, ECE, AI, IT, and Data Science, offering robust campus support, placements, and flexible eligibility.

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Private colleges where your rank of 112,671 is accepted for branches like CSE with AI, Electronics and Telecommunication, ECE, IT, or Data Science include Chandigarh University, Mohali for B.Tech CSE with AI & ML. Lovely Professional University, Jalandhar for B.Tech CSE with AI, ECE, or IT. Amity University, Noida for B.Tech Computer Science, Data Science, and ECE. Sharda University, Greater Noida for B.Tech CSE with AI & Data Science. Galgotias University, Greater Noida for B.Tech CSE, Data Science. Jaypee Institute of Information Technology, Noida for B.Tech CSE and ECE. ABES Engineering College, Ghaziabad for B.Tech CSE and ECE. Indraprastha Institute of Technology & Management, Delhi for B.Tech CSE and ECE. GL Bajaj Institute of Technology & Management, Greater Noida for B.Tech CSE with AI & Data Science. Maharaja Agrasen Institute of Technology, Delhi for B.Tech CSE and IT. All have a strong record for placements, modern infrastructure, and support for JEE Main entrants at this rank, and backup private choices (excluding state-exam seats) include LNCT Bhopal (Delhi campus), Bennett University, and Panipat Institute of Engineering & Technology, all of which admit at your rank for these programs. All the BEST for a Prosperous Future!

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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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