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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 14, 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 - Jul 14, 2024Hindi

Money

Need 8 crore tp retire. Have 4 more years to retire.current savings 1 crore in equity+ mf 25 lakh in fd, 22 lakh in ppf, 20 lakh in pf, cash and jewellery 20 lakh, 3 lakh in gratuity, 25 lakh in ulip, 10 lakh in pension fund Am single with no dependent. Have a house ( worth about 2.7 crore to sell) . Stay in my own apartment. How much should i invest every month to have a corpus of 8 cr in 4 years

Ans: Retirement planning is a critical aspect of financial management. You aim to retire in four years with a corpus of Rs. 8 crore. With your current savings and investments, we'll assess the best way to reach your goal. This guide will help you understand how to allocate your funds and invest wisely to achieve your retirement corpus.

Evaluating Your Current Financial Position
To start, let's look at your existing savings and investments:

Equity and Mutual Funds: Rs. 1 crore

Fixed Deposit: Rs. 25 lakh

Public Provident Fund (PPF): Rs. 22 lakh

Provident Fund (PF): Rs. 20 lakh

Cash and Jewellery: Rs. 20 lakh

Gratuity: Rs. 3 lakh

ULIP: Rs. 25 lakh

Pension Fund: Rs. 10 lakh

House: Worth Rs. 2.7 crore (to be sold)

Total Existing Corpus
Adding up these amounts, your total existing corpus is Rs. 2.25 crore, excluding your house.

Selling your house will add another Rs. 2.7 crore, bringing the total to Rs. 4.95 crore. This leaves a gap of Rs. 3.05 crore to reach your goal of Rs. 8 crore in four years.

Monthly Investment Plan
To bridge this gap, you'll need a strategic investment plan. Here’s how you can do it:

1. Maximizing Equity Investments

Equity investments offer high returns, essential for aggressive growth. Given your timeline, focus on diversified equity mutual funds. These funds are actively managed and have the potential to outperform the market.

Risk and Return Balance: Equities can be volatile, but they generally yield higher returns over the long term. Given your four-year horizon, a well-diversified portfolio can mitigate some risk.

Diversification: Diversify across large-cap, mid-cap, and small-cap funds. This spread will balance risk and optimize returns.

Actively Managed Funds: Actively managed funds are preferable over index funds. They have fund managers who can make strategic decisions to outperform the market.

2. Fixed Income Instruments

Fixed income instruments, such as debt mutual funds, provide stability and reduce overall portfolio risk.

Debt Mutual Funds: Allocate a portion to debt mutual funds for stability. These funds are less volatile and offer steady returns.

Regular Monitoring: Regularly review and rebalance your portfolio to ensure it aligns with your goals.

3. Public Provident Fund (PPF)

Your PPF investment is substantial and offers tax benefits. Continue to maximize contributions here.

Tax Efficiency: PPF contributions are tax-deductible, and the returns are tax-free.

Safety and Returns: PPF offers safe, consistent returns, which is crucial for a balanced portfolio.

4. Unit Linked Insurance Plan (ULIP)

ULIPs combine insurance and investment. These can be less efficient compared to dedicated investment products.

Reevaluate ULIP: Consider surrendering ULIP and reinvesting the proceeds into high-performing mutual funds. This can enhance returns and reduce costs.
5. Pension Fund

Your pension fund provides a secure post-retirement income.

Continuation and Growth: Continue contributions to ensure a steady income stream post-retirement.
Monthly Investment Strategy
To accumulate Rs. 3.05 crore in four years, you'll need to invest aggressively.

1. Systematic Investment Plan (SIP)

SIPs in equity mutual funds will be your primary tool.

Consistent Investments: Invest a significant amount monthly in equity mutual funds. This approach benefits from rupee cost averaging, reducing the impact of market volatility.

Growth Focus: Focus on funds with a strong track record of growth.

2. Rebalancing and Monitoring

Regularly monitor your portfolio and rebalance to stay on track.

Quarterly Reviews: Conduct quarterly reviews to assess performance and make necessary adjustments.

Professional Guidance: Consult a Certified Financial Planner for personalized advice and to ensure your investments are on track.

Benefits of Professional Guidance
Engaging a Certified Financial Planner (CFP) can provide several advantages:

1. Expertise and Experience

A CFP brings in-depth knowledge and experience.

Personalized Advice: Tailored advice based on your specific financial situation and goals.

Strategic Planning: A comprehensive plan that aligns with your retirement goals.

2. Regular Monitoring and Adjustments

A CFP will regularly review your portfolio.

Performance Tracking: Continuous monitoring to ensure your investments are performing as expected.

Timely Adjustments: Making necessary adjustments to keep your plan on track.

Conclusion
Achieving an 8 crore corpus in four years is ambitious but attainable with strategic planning and disciplined investing.

Stay Focused and Disciplined: Stick to your investment plan and stay disciplined in your approach.

Seek Professional Guidance: Consider engaging a Certified Financial Planner for expert advice and regular monitoring.

Your journey to a secure retirement starts now. With careful planning and strategic investments, you can achieve your financial goals and enjoy a comfortable retirement.

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 May 17, 2024

Asked by Anonymous - Feb 22, 2024Hindi

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Sir., my monthly expense is 100000 now and monthly income from house rent is 40k. My age is 47., my pf as per today 50L. Share 8 L and FD 4L, SGB 12L. Maintain same lifestyle after 60., how much corpus I need and how much I should start investing. Kindly clarity

Ans: At age 47, it's commendable that you are thinking about your retirement needs. Maintaining your current lifestyle post-retirement requires careful planning. Let's analyse your current financial situation and what you need to achieve your retirement goals.

Current Financial Status
Your monthly expense is ?100,000, and your income from house rent is ?40,000.

You have accumulated significant assets:

Provident Fund (PF): ?50 Lakhs

Shares: ?8 Lakhs

Fixed Deposits (FD): ?4 Lakhs

Sovereign Gold Bonds (SGB): ?12 Lakhs

These assets show that you have diversified investments, which is excellent for balancing risk.

Estimating the Retirement Corpus
To maintain the same lifestyle after retirement, you need to consider inflation. Your expenses will likely increase over time due to inflation. Assuming a 6% annual inflation rate, your current monthly expenses of ?100,000 will be much higher when you retire at 60.

You'll need a corpus that can generate enough income to cover these expenses. Let's assume you live up to 85 years. This means your corpus should last for 25 years post-retirement.

Calculating the Required Corpus
Estimating the exact corpus involves complex calculations. A Certified Financial Planner can help with precise numbers. However, a rough estimate is that you need about 20-25 times your annual expenses at the time of retirement.

Given your current expenses, you might need a corpus of around ?6-7 crores, factoring in inflation.

Investment Strategy to Build the Corpus
You need to start investing more aggressively to reach your retirement goal. Here's a suggested strategy:

1. Increase Equity Investments

Equities typically offer higher returns compared to other asset classes. Consider increasing your investment in actively managed equity mutual funds. These funds are managed by professional fund managers who aim to outperform the market.

2. Systematic Investment Plan (SIP)

Start a SIP in mutual funds. It helps in averaging the cost of investment and provides disciplined investing. SIPs are ideal for long-term wealth creation.

3. Diversify Your Portfolio

Diversification reduces risk. You already have SGBs, FDs, and shares. Ensure a good mix of equity, debt, and gold. This balanced approach mitigates risks.

4. Consult a Certified Financial Planner

A Certified Financial Planner can help tailor a plan specific to your needs. They can provide guidance on asset allocation, risk management, and tax efficiency.

Managing Your Existing Assets
Provident Fund (PF)

Your PF is a secure and stable investment. Continue contributing to it. It provides a safety net with assured returns.

Shares and Equity

Monitor your share portfolio regularly. Avoid putting all your money in one stock. Diversify across sectors to minimize risk.

Fixed Deposits (FD)

FDs are safe but offer lower returns. Consider using them for emergency funds or short-term goals.

Sovereign Gold Bonds (SGB)

SGBs are good for diversification. They also provide a hedge against inflation. Keep them as part of your portfolio.

Regular Review and Adjustment
Regularly review your financial plan. Adjust your investments based on market conditions and your changing needs. Stay informed and adapt to new financial opportunities.

Conclusion
Planning for retirement requires a strategic approach. Your current assets provide a strong foundation. By investing wisely and consulting a Certified Financial Planner, you can achieve your retirement goals.

You have already taken the first step by evaluating your needs. With disciplined investing, you can ensure a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Question by Sanjay - May 11, 2024Hindi

Money

Sir, I am Mr. Sanjay Gupta age 40 yrs, investing monthly 50k in SIP, monthly 10k in NPS, monthly 10k in EPF, Yearly 1.50 lakh in PPF. How much I should invest to have monthly 3 lakh during retirement and reach to corpus of 3 crore before retirement.

Ans: Hello Mr. Sanjay Gupta, it's commendable that you're diligently investing towards your retirement. Let's strategize to ensure a comfortable lifestyle post-retirement.

Assessing Your Current Investments:

With monthly SIPs of 50k, NPS contributions of 10k, EPF contributions of 10k, and yearly PPF investments of 1.50 lakh, you're already on the right track towards building your retirement corpus.

Setting Retirement Income Target:

To achieve a monthly income of 3 lakh during retirement and a corpus of 3 crore before retirement, we need to evaluate your current investment trajectory and adjust it accordingly.

Calculating Required Investments:

Considering your current investments and retirement goals, we'll calculate the additional investment required to bridge the gap.

Strategic Allocation of Funds:

We'll optimize your investment portfolio by balancing allocations across different asset classes to maximize returns and manage risk effectively.

Benefits of SIPs:

SIPs offer a disciplined approach to investing in mutual funds, harnessing the power of compounding to build wealth over time.

Benefits of NPS and EPF:

NPS and EPF provide tax benefits and stable returns, contributing to your retirement corpus while ensuring financial security.

Importance of PPF:

PPF offers attractive interest rates and tax benefits, serving as a reliable long-term savings instrument to supplement your retirement income.

Analyzing Retirement Income Needs:

To generate a monthly income of 3 lakh during retirement, we'll assess the required corpus and strategize investments accordingly.

Calculating Corpus Required:

Based on your desired monthly income and life expectancy, we'll calculate the corpus needed to sustain your lifestyle post-retirement.

Consultation with a Certified Financial Planner:

Seeking advice from a Certified Financial Planner (CFP) ensures personalized guidance tailored to your financial goals and risk tolerance.

Conclusion:

In conclusion, achieving your retirement goals necessitates a comprehensive approach, balancing investments across various avenues. By optimizing your current investments and strategizing additional contributions, we can work towards securing your financial future and ensuring a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - Jun 14, 2024Hindi

Money

I am 33 years old. I have mutual funds of ?20 lakhs and direct stocks of ?10 lakhs. I have a PF balance of 9 lakhs with monthly contributions of 20k towards it. I have NPS balance of 6 lakhs but no monthly contributions towards it. I have a FD of 11 lakhs. US stocks worth 1 lakh. I have a Home loan of 34 lakhs. How much should I invest every month to have a corpus of 10 crore at the age of 55?

Ans: Thank you for sharing your financial details and your goal of building a Rs 10 crore corpus by the age of 55. Achieving this ambitious target will require a well-structured investment plan and disciplined financial management. Let's break down the steps and strategies to help you reach your goal.

Current Financial Situation
Existing Investments
Mutual Funds: Rs 20 lakhs
Direct Stocks: Rs 10 lakhs
Provident Fund (PF): Rs 9 lakhs with monthly contributions of Rs 20,000
National Pension System (NPS): Rs 6 lakhs (no monthly contributions)
Fixed Deposit (FD): Rs 11 lakhs
US Stocks: Rs 1 lakh
Home Loan: Rs 34 lakhs
Total Assets and Liabilities
Total Assets: Rs 57 lakhs
Total Liabilities: Rs 34 lakhs (Home Loan)
Setting the Stage for Investment
To reach Rs 10 crore in 22 years, you need to adopt a mix of aggressive and balanced investment strategies. The following sub-headings will guide you through the process.

Assessing Your Current Portfolio
Diversification and Risk
Diversified Portfolio: Your portfolio includes mutual funds, direct stocks, PF, NPS, FD, and US stocks. This diversification is good as it spreads risk across different asset classes.
Risk Profile: At 33, you can afford to take higher risks for potentially higher returns, especially with your long investment horizon.
Investment Strategy
Monthly Investment Requirement
To determine how much you should invest monthly to achieve Rs 10 crore by age 55, we will assume an average annual return rate. Historically, equity markets have provided around 12-15% annual returns. Let’s proceed with a balanced approach assuming a 12% average annual return.

Monthly Investment Estimate: To reach Rs 10 crore in 22 years with a 12% annual return, you need to invest a significant amount monthly. Based on a financial projection, you will need to invest approximately Rs 40,000 to Rs 50,000 per month.
Enhancing Existing Investments
Increase Equity Exposure: Given your age, consider increasing your equity exposure for higher returns. Allocate more to mutual funds and direct stocks.
Regular NPS Contributions: Start contributing regularly to NPS to benefit from tax deductions and long-term growth.
Optimizing PF Contributions: Continue with PF contributions for a stable, low-risk investment.
Detailed Investment Plan
Mutual Funds
Systematic Investment Plan (SIP): Increase your SIP in equity mutual funds. Aim for a mix of large-cap, mid-cap, and small-cap funds.
Balanced Funds: Consider balanced or hybrid funds for a mix of equity and debt exposure, providing stability and growth.
Review and Rebalance: Regularly review and rebalance your portfolio to maintain the desired asset allocation.
Direct Stocks
Blue-chip Stocks: Invest in blue-chip stocks for stability and consistent returns.
Growth Stocks: Allocate a portion to high-growth stocks with the potential for higher returns, but with higher risk.
Regular Monitoring: Actively monitor your stock portfolio and stay updated with market trends.
Provident Fund (PF)
Consistent Contributions: Continue with the monthly contributions of Rs 20,000.
Interest Accumulation: PF offers compounded returns with minimal risk, contributing to long-term wealth.
National Pension System (NPS)
Regular Contributions: Start monthly contributions to NPS. Even Rs 5,000 per month can significantly impact your corpus.
Tax Benefits: Utilize the additional tax benefits under Section 80CCD(1B) for NPS contributions.
Fixed Deposit (FD)
Review FD Returns: FDs offer low returns compared to equity investments. Consider reallocating a portion of FDs to mutual funds or stocks.
Emergency Fund: Maintain a portion in FDs for emergency liquidity needs.
Managing Home Loan
Prepayment Strategy
Early Prepayment: Consider prepaying your home loan whenever possible to save on interest costs. This will free up more funds for investment.
Tax Benefits: Balance the benefits of tax deductions on home loan interest with the interest savings from prepayment.
Tax Efficiency
Tax-Saving Investments
Section 80C: Maximize contributions to PF, NPS, and ELSS to avail tax benefits under Section 80C.
Section 80D: Utilize health insurance premiums for additional tax deductions.
Capital Gains Management
Long-Term Capital Gains (LTCG): Plan your investments to minimize tax on long-term capital gains. Equity investments held for over a year are subject to favorable tax treatment.
Tax Harvesting: Use tax harvesting strategies to minimize tax liability on gains.
Monitoring and Review
Regular Portfolio Review
Annual Review: Conduct an annual review of your portfolio to ensure alignment with your financial goals.
Market Trends: Stay informed about market trends and economic changes that may impact your investments.
Professional Guidance
Certified Financial Planner (CFP): Consider consulting a CFP for personalized advice and portfolio management.
Investment Tools: Use financial planning tools and calculators to track your progress and adjust your strategy as needed.
Risk Management
Adequate Insurance Coverage
Life Insurance: Ensure you have sufficient life insurance coverage to protect your family’s financial future.
Health Insurance: Maintain comprehensive health insurance to cover medical expenses and avoid dipping into your investments.
Emergency Fund
Liquidity: Maintain an emergency fund to cover at least 6-12 months of expenses.
Accessibility: Keep this fund in liquid and low-risk instruments like savings accounts or liquid mutual funds.
Behavioral Finance
Avoid Emotional Decisions
Discipline: Stick to your investment plan and avoid making emotional decisions based on market fluctuations.
Patience: Investing is a long-term game. Patience and discipline are key to achieving your financial goals.
Final Insights
Achieving a corpus of Rs 10 crore by the age of 55 is ambitious but attainable with a disciplined and strategic approach. Increase your monthly investments to around Rs 40,000 to Rs 50,000, focusing on equity mutual funds, direct stocks, and regular NPS contributions. Regularly review and rebalance your portfolio, consider prepaying your home loan to save on interest, and ensure adequate insurance coverage and an emergency fund. Consulting with a Certified Financial Planner can provide personalized guidance and help you stay on track. By maintaining discipline, patience, and informed decision-making, you can achieve your financial goals and secure your future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 31, 2024

Question by Krishnendu - Oct 31, 2024Hindi

Money

Hi, I am 45 years old and my monthly income is Rs. 1,15,000, i want ro build a corpus of 3 crores by 2030. I dont have any liabilities and my current monthly family expenses are 40K. Kindly suggest how much should I invest from my salary to achieve this target.

Ans: Hello;

The monthly sip required to generate 3 Cr corpus in 5 or 10 years is 3.75 L and 1.30 L respectively.

However for 15 years tenure you can make a monthly sip of 60 K into a combination of pure equity funds to reach 3 Cr target.

12% modest return considered from pure equity mutual funds.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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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.
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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.

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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

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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
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- 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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