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Sunil

Sunil Lala  | Answer  |Ask -

Financial Planner - Answered on Feb 11, 2024

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more
Samir Question by Samir on Jan 25, 2024Hindi
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I am 60, my Mutual fund corpus is about 1.3 Cr. I am currently doing SIP of 1.5 lakh per month. I am looking to received 5 lakh per month after I RETIRE AT 65 Years. i also have share portfolio of 2 Cr. I will be obliged if you can tell me if I am on track to achieve this pension.

Ans: No
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  |8284 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 29, 2024

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Respected Sir, I am 40 years female with husband and 8years old daughter. My monthly salary is around 60k with 5%yearly increment.current investment portfolio is around 14 lacs in stock market. 1lac in SGB.ppf balance is around 10.38 lacs. I have one SSA account balance 13.6 lacs. I have endowment plans of current surrender value of around 4 lacs. I can invest 40 k currently through sip. Is it possible for me to retire at the age of 50 with a pension of 1lc/month.
Ans: Current Financial Overview
Monthly Salary: Rs. 60,000 with a 5% yearly increment.

Stock Market Investment: Rs. 14 lakhs.

Sovereign Gold Bonds (SGB): Rs. 1 lakh.

Public Provident Fund (PPF): Rs. 10.38 lakhs.

Sukanya Samriddhi Account (SSA): Rs. 13.6 lakhs.

Endowment Plans: Current surrender value of Rs. 4 lakhs.

SIP Investment Capacity: Rs. 40,000 per month.

Retirement Planning Goal
Desired Retirement Age: 50 years.

Target Monthly Pension: Rs. 1 lakh.

Income Generation and Increment Assessment
Your salary increases by 5% yearly. This steady growth will boost your savings and investment capacity over time. Consistent investment in SIPs will compound your wealth, aiding in reaching your retirement goal.

Stock Market Investments
Your stock market investment of Rs. 14 lakhs is a good start.

Regularly review and rebalance your portfolio with a Certified Financial Planner's guidance.

Diversify to mitigate risks and maximize returns.

Sovereign Gold Bonds (SGB)
SGBs are secure investments with a fixed interest rate and capital appreciation.

Hold onto your SGBs as a hedge against inflation and economic uncertainties.

Public Provident Fund (PPF)
Your PPF balance of Rs. 10.38 lakhs will grow with the current interest rates.

Continue contributing to PPF to benefit from tax-free returns and compounding interest.

Sukanya Samriddhi Account (SSA)
SSA balance of Rs. 13.6 lakhs will support your daughter's future needs.

Continue contributing to SSA for higher returns and tax benefits.

Endowment Plans
Evaluate the performance of your endowment plans.

Consider surrendering if returns are low and reinvesting in mutual funds for better growth.

Monthly SIP Investment
Investing Rs. 40,000 monthly in SIPs is a sound strategy.

Choose a mix of equity and debt funds based on your risk tolerance and goals.

Regularly monitor and adjust your SIP portfolio with professional advice.

Long-Term Investment Strategy
Focus on mutual funds managed by experienced fund managers for active management benefits.

Regularly assess your portfolio's performance and reallocate if needed.

Retirement Corpus Calculation
Given your savings, investments, and potential returns, build a robust retirement corpus.

Aim to accumulate a corpus that can generate a Rs. 1 lakh monthly pension through systematic withdrawals.

Insurance and Risk Management
Ensure adequate life and health insurance for your family.

Review and update your policies to cover future medical and financial risks.

Final Insights
Your current financial discipline and investment strategy are commendable.

Consistently invest, review, and adjust your portfolio to stay on track for retirement.

Seek guidance from a Certified Financial Planner for personalized advice and optimal financial planning.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8284 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 03, 2025

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Hello sir, My retirement is due in July 2032 and wish to have corpus of 1.25 Cr for my post retirement life. Presently, I am investing INR 30000 per month in MF as SIP. The present fund value is INR 30 Lakhs. I have also started Step-up SIP of 3000 from Feb 2025 with increment of INR 3000 every year till Jan 2031. Will I able to achieve the target.?
Ans: Understanding Your Retirement Goal
You aim for a corpus of Rs 1.25 crore by July 2032.

Your current mutual fund investments stand at Rs 30 lakhs.

You invest Rs 30,000 per month in SIPs.

You have started a step-up SIP of Rs 3,000 from Feb 2025, increasing by Rs 3,000 yearly till Jan 2031.

Your strategy is disciplined and systematic, which is great.

Let’s assess if this plan will help you reach your goal.

Evaluating Your Current Investment Plan
Your existing SIPs and portfolio growth will contribute significantly.

The power of compounding will help boost your corpus over time.

Your step-up SIP strategy will increase investments, accelerating corpus growth.

Market volatility can affect returns, so diversification is key.

Your goal is achievable, but returns depend on market performance.

Key Factors That Impact Your Retirement Corpus
Investment Tenure
You have about 7.5 years left until retirement.

Long-term investments generally perform well, but shorter durations require better strategy.

A balanced allocation between equity and debt will ensure growth and stability.

Expected Rate of Return
Equity mutual funds historically offer strong returns over long periods.

Realistic expectations are crucial to avoid over-optimism.

A moderate-to-aggressive approach suits your timeline.

Inflation Consideration
Inflation erodes purchasing power over time.

Your corpus must account for post-retirement expenses.

A well-planned portfolio should grow above inflation.

Optimising Your Investment Strategy
Continue and Monitor SIPs
Stick to your Rs 30,000 monthly SIPs consistently.

Review fund performance annually.

If funds underperform for 3+ years, switch to better options.

Enhance Step-Up SIP Strategy
Your Rs 3,000 annual step-up is beneficial.

Consider increasing it to Rs 5,000 if feasible.

Higher contributions earlier will ease the pressure later.

Diversification for Stability
Invest across different fund categories for risk management.

Balance equity-heavy investments with some stable debt funds.

Asset allocation should align with risk tolerance.

Reduce Home Loan Burden
If possible, prepay some home loan principal.

Lower EMIs can free up cash flow for investments.

Avoid over-extending finances at the cost of liquidity.

Risk Management for Secure Retirement
Emergency Fund Maintenance
Keep 6-12 months’ expenses in liquid funds.

This ensures financial stability in case of market downturns.

Avoid using retirement funds for emergencies.

Adequate Health Insurance
Medical costs can be high post-retirement.

Ensure sufficient health coverage for yourself and dependents.

A Rs 15-25 lakh health cover is advisable.

Asset Rebalancing as Retirement Nears
As you approach 2032, shift some equity to safer debt funds.

This protects against last-minute market volatility.

Gradual transition ensures stability in the final years.

Post-Retirement Strategy
Systematic Withdrawal Plan (SWP)
Instead of withdrawing lump sum, use an SWP for steady income.

This ensures tax efficiency and continued investment growth.

Avoid premature withdrawal of mutual funds.

Senior Citizen Investment Options
Keep a portion of the corpus in safe instruments.

Senior Citizen Savings Scheme (SCSS) and debt mutual funds offer stable returns.

Maintain liquidity for unexpected expenses.

Tax Efficiency for Maximum Returns
Long-Term Capital Gains (LTCG) Planning
Equity gains above Rs 1 lakh per year attract 10% tax.

Use systematic redemption to optimise tax liability.

Invest tax-efficiently to retain maximum returns.

Retirement Tax-Free Instruments
PPF remains tax-free at maturity.

Debt mutual funds held long-term have indexation benefits.

Choose funds that provide post-tax efficient returns.

Final Insights
Your Rs 1.25 crore goal is achievable with consistent investing.

A slight increase in step-up SIP can ensure a smoother journey.

Monitor fund performance and rebalance periodically.

Manage risks with proper insurance and an emergency fund.

Tax-efficient strategies will help maximise post-retirement income.

Planning beyond accumulation is essential for financial security.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

..Read more

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Radheshyam

Radheshyam Zanwar  |1561 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 24, 2025

Career
Sir my daughter is doing Btech EEE at BIT Mesra Patna campus , she is securing 8 CGPA there . She is little bit upset due to poor placement there , what to do
Ans: Hello Alok.
Nothing will happen with an upset mood, and there is no point in blaming the institute at this stage. It is better to search for another path while completing the B.Tech. @ BIT Mesra. Here are a few suggestions for your daughter: (1) Start preparing for the GATE exam, which opens the doors for MTech at IITs/NITs or PSU jobs (like BHEL, NTPC, ONGC). (2) Focus on GRE and MBA (3) Join online Platforms: Coursera, NPTEL, Udemy, LinkedIn for advanced learning techniques related with EEE and CSE (4) Focus on Off-Campus Job Preparation, in which she can prepare for Aptitude, Coding, Core concepts etc (5) While in final year, create accounts on LinkedIn, Indeed, AngelList, naukri.com etc/ (5) If possible, join CDAC (Centre for Development of Advanced Computing) offer excellent 6-month PG diplomas with placement support (great ROI).(6) Talk to seniors/alumni for realistic inspiration and off-campus job guidance. (7) Consider a mock placement drive or aptitude training course in the final year.
Best of luck to your daughter for her upcoming bright future.
Follow me if you like the reply. Thanks
Radheshyam

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Nayagam P

Nayagam P P  |4453 Answers  |Ask -

Career Counsellor - Answered on Apr 23, 2025

Asked by Anonymous - Apr 23, 2025
Career
My daughter 90percentile in jee mains 2025,and puc board exam 95.6 percentage and kcet is 101 marks we are obc ncl and catgory 1 reservation can we get nit surathkal college for admission or other top 3 college in bangalore and she want to take jee advance 2025 , which branchas scope and high package
Ans: As far as KCET is concerned,? here are the some approximate expected KCET opening and closing ranks for the OBC-NCL category across four top engineering colleges in Bengaluru:?

RV College of Engineering (RVCE)
Computer Science & Engineering: Opening – 2,000 | Closing – 3,000
Electronics & Communication Engineering: Opening – 2,500 | Closing – 3,500
Electrical & Electronics Engineering: Opening – 3,000 | Closing – 4,500
Mechanical Engineering: Opening – 4,000 | Closing – 6,000
Civil Engineering: Opening – 5,000 | Closing – 7,000?

BMS College of Engineering (BMSCE)
Computer Science & Engineering: Opening – 2,500 | Closing – 4,000
Electronics & Communication Engineering: Opening – 3,000 | Closing – 5,000
Electrical & Electronics Engineering: Opening – 4,500 | Closing – 6,500
Mechanical Engineering: Opening – 6,000 | Closing – 8,000
Civil Engineering: Opening – 7,000 | Closing – 9,000?

M S Ramaiah Institute of Technology (MSRIT)
Computer Science & Engineering: Opening – 2,200 | Closing – 3,800
Electronics & Communication Engineering: Opening – 3,500 | Closing – 5,500
Electrical & Electronics Engineering: Opening – 5,000 | Closing – 7,000
Mechanical Engineering: Opening – 6,500 | Closing – 8,500
Civil Engineering: Opening – 7,500 | Closing – 9,500?

Dayananda Sagar College of Engineering (DSCE)
Computer Science & Engineering: Opening – 3,000 | Closing – 5,000
Electronics & Communication Engineering: Opening – 4,500 | Closing – 6,500
Electrical & Electronics Engineering: Opening – 6,000 | Closing – 8,000
Mechanical Engineering: Opening – 7,500 | Closing – 9,500
Civil Engineering: Opening – 8,500 | Closing – 10,500?

Note: The above ranks are indicative and based on available data for the OBC-NCL category. Every year, actual cutoffs may vary based on factors like seat availability, reservation policies, and candidate preferences.

?Regarding the chances of getting seats through JEE/JoSAA Counselling, here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Daughter's Admission Chances Using JoSAA Data
Step 1: Collect Your Daughter's Key Details
Before starting, note down the following details:

Her JEE Main percentile
Her category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Her Preferred institute types (NIT, IIIT, GFTI)
Her Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If your daughter is open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select her Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.

Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your daughter's admissions!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

Nayagam P

Nayagam P P  |4453 Answers  |Ask -

Career Counsellor - Answered on Apr 23, 2025

Asked by Anonymous - Apr 23, 2025
Career
I got 98.02%ile in JEE MAINS session 2 . (EWS) Can I get TOP NIT (CSE) ?? EWS RANK 4146
Ans: Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.

Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

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

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