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Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 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 04, 2024Hindi
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Hi Sir, Please advise, I want to invest 2 lakhs in gold (and not physical gold). How do I go about it? (Process, any tax?, and do you suggest a better amount) This is for my child's future and not planning to liquidate atleast for 10 years. FYI, I already have some FD, 20k invested in various MF's, LIC and SSY. I might have to bear home loan now or sooner in time. I am 35 year old working in private firm.

Ans: As a Certified Financial Planner, I recommend investing in gold through gold exchange-traded funds (ETFs) or gold mutual funds.

To begin, you'll need a demat account to invest in gold ETFs, while for gold mutual funds, a regular mutual fund account suffices. Both options provide easy access to gold without the hassle of physical ownership.

Tax implications on gains from gold investments depend on the holding period. Long-term gains (held for over three years) are subject to capital gains tax, while short-term gains are taxed as per your income tax slab.

Considering your child's future and a 10-year investment horizon, allocating 2 lakhs to gold is prudent. This diversifies your portfolio, reducing risk while potentially enhancing returns over the long term.

Given your existing investments and the possibility of a home loan, it's crucial to strike a balance between various investment avenues. Assess your risk tolerance, liquidity needs, and financial goals before making any investment decisions.

By investing in gold through ETFs or mutual funds, you gain exposure to the precious metal's potential upside without the concerns of storage or security associated with physical gold. Regularly review your portfolio and consult with a Certified Financial Planner to ensure it remains aligned with your evolving financial objectives.
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  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 23, 2024

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Good morning sir,I had two sons one son age is 26 he invest sip 3000 monthly who working software professional,his net salary 26000/his retirement age 55,I like 1lakh pension at the time, another my age is 63 I invest sip 9000 monthly already 4lakhs in my sip at the age of 70 what amount I get,my wife is govt employe her net salary 95000/she purchase gold this gold investment is good or suggest good one, please answer this
Ans: Good morning!

It's wonderful to hear that both you and your son are taking steps towards securing your financial futures. Let's break down each of your situations:

For your son, starting SIPs at a young age is a smart move. With his current investments and assuming a modest annual return, he has the potential to accumulate a significant corpus by his retirement at age 55. However, to achieve a pension of 1 lakh per month, he might need to increase his investments or diversify into other financial instruments.

As for you, with 4 lakhs already invested and an additional 7 years of SIPs, your corpus at age 70 will depend on the rate of return. It's essential to ensure that your investments align with your risk tolerance and financial goals for retirement.

Regarding your wife's investment in gold, while gold has traditionally been seen as a safe-haven asset, it's essential to diversify investments. Consider exploring other options like mutual funds, fixed deposits, or government savings schemes for a balanced portfolio.

Remember, financial planning is not a one-size-fits-all approach. It might be beneficial to consult a financial advisor who can provide personalized advice based on your individual circumstances. This journey towards financial well-being is a marathon, not a sprint, and every step taken today brings you closer to your goals.

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Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

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

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Sir I want to invest 1 lac in gold for 5 years. Pl suggest me where I should invest.Regards Kumar Rajesh
Ans: Dear Kumar Rajesh,

Thank you for reaching out with your query about investing in gold. It's great to see your interest in diversifying your investment portfolio.

Investing in gold can be a prudent strategy to hedge against economic uncertainties and preserve wealth over the long term. Let's explore some options for investing in gold:

• Gold ETFs (Exchange-Traded Funds): These are mutual fund schemes that invest in physical gold bullion. They offer the convenience of buying and selling gold units through the stock exchange.

• Gold Savings Funds: These funds invest in gold ETFs and may also allocate a portion of their assets to debt instruments. They offer the flexibility of SIPs (Systematic Investment Plans) for regular investments.

• Sovereign Gold Bonds (SGBs): Issued by the Reserve Bank of India (RBI), SGBs are government securities denominated in grams of gold. They offer a fixed interest rate along with the potential for capital appreciation linked to the price of gold.

• Physical Gold: You can also consider investing in physical gold in the form of coins, bars, or jewelry. However, keep in mind the associated storage and security concerns.

When deciding where to invest your 1 lakh for 5 years, consider factors such as liquidity, convenience, and your risk appetite. Each investment option has its pros and cons, so it's essential to choose one that aligns with your financial goals and preferences.

Remember to conduct thorough research and consult with a financial advisor if needed to ensure you make an informed decision. Investing in gold can be a valuable addition to your investment portfolio, providing diversification and stability.

Best wishes on your investment journey!

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Radheshyam

Radheshyam Zanwar  |1054 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 21, 2024Hindi
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Hello, I am 3 yr neet dropper.in 2025 it will be my third attempt... I'm trying my best to crack neet ...i don't know what will happen will i score good marks or not ... please help me in suggesting good career options if not crack neet .....there are many options through neet marks also like bhms , veterinary...etc. i will also give entrance exam also like cuet ,gbpuat ,....but i want that what to choose which course will be best for me ...i want to make my life good and happy... having a good degree, good job ,...
Ans: Hello.
Have you analyzed your failure in 2 successive attempts in the NEET examination? If yes, then the question is what you have done for improvement and not then again the question arises why not? Here, I would like to suggest you focus now only on the NEET examination which is your 3rd attempt. Don't think about any other options right now till May 2025. After the NEET exam is over, you have ample time to explore the options available. Depending on your score in NEET 2025, we will guide you at that time. But yet, if you are confused, then looking towards your question and anxiety, you need personal counseling where you can express yourself face-to-face. Only after the NEET exam is over, you contact a counsellor for one-to-one counseling. Till then, keep mum and focus only on NEET. Take this exam as your mission and project. Work on this project, apply forces from all sides, success is there which is waiting for you eagerly.
Best of luck for your bright future.

Some tips: (1) Analyse separately Phy, Che, Bio (2) Prepare a list of hard topics (3) First focus more on the topics which are easy for you and then try to excel in hard topics (4) Appear more and more online/offline examinations (4) Prepare your short-cut file for all subjects (5) Prepare a file for each subject having only synopsis of all chapters (6) Try to solve the problems at the lightening speed and observe the period on regular basis (7) Create your time table to revise the topics on regular basis (8) Do not hesitate to ask your difficulties to your teachers, if you have joined to offline classes (9) Keep the habit of marking the answers which you know 100%. Don't guess the answers and mark them, as there is -ve marking scheme. (10) Be calm, quite, and smiling all the time to release the tension and always have a healthy chat with your friends.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

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Pradeep

Pradeep Pramanik  |186 Answers  |Ask -

Career And Placement Consultant - Answered on Nov 21, 2024

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I am looking for a job, I had uploaded my resume in job site. A consultant called me & introduced himself telling he know some of the openings. He had a detailed discussion about my job & my skills. He told need to register to his consultancy for scheduling interview. I registered with him & he got me a interview. Interview was done by the company through skype. I could not see the company persons. They told only they can see me. Interview went on well & regarding salary I told my expectation but they told it is not possible & they told their proposal. Finally I agreed to them. They gave me code & told to visit the company for next round. Consultant called me after first round & told recruiter is very happy with the interview. Regarding salary he told why I agreed for the proposal,he will discuss again & asked to pay charges for some of his services which he will refund the day I visit to the company & take the orders. I paid him. He told there is a increase in salary he has discussed with recruiter & again asked for the money I did only partial payment & further will not pay anything. Second round also happened through skype instead of in person. Interview went on well & salary offered was good comparing to before & there was a big jump. Recruiter told they have planned to give additional responsibilities so they have increased. Finally they gave me a date to visit company. I asked when will I get the order, he replied he will send to consultant as I was taken by them. Till now i did not get the orders, consultant is keep on postponing. Now he told visit to company date is also postponed, he will update in next week & not to worry as job is confirmed. Now not understanding what to do, am I been cheated or wait.
Ans: Dear Mr. Keshava ,

There are many unscruplous job agents who are fake and claim themselves to be a Placement consultant. In short You have been cheated . Before paying any fee for registration , you must ensure that the agency is genuine . If not don't even upload your resume . You may write to company , lodge a complaint against the agency. If the amount is very high , pl. take the help of police . .

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Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

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

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I hv started sip in 2008 and still continued , now the monthly sip is 55k and total value is 1.85cr. Need to accumulate 7cr with in next 4 yrs pls guide how can i achieve. - Deepak J. Hajari
Ans: Deepak, your long-term SIP discipline is impressive. Accumulating Rs. 7 crore in 4 years is ambitious. Achieving this goal requires a strategic approach, as time is limited. Let's create an actionable plan for your success.

Current Financial Snapshot
Ongoing SIPs: Rs. 55,000 monthly.
Current Portfolio Value: Rs. 1.85 crore.
Target Corpus: Rs. 7 crore within 4 years.
Your consistent investing habits have built a solid foundation. However, to achieve your target, adjustments are needed.

Key Challenges
Short Time Frame: Four years is a limited period for aggressive wealth accumulation.
Significant Gap: A gap of Rs. 5.15 crore remains to meet the Rs. 7 crore goal.
Market Volatility: Equity investments might face short-term volatility.
Recommendations to Bridge the Gap
1. Increase Your SIP Contributions
Raise your SIP amount to Rs. 1.25 lakh per month.
This increase ensures faster wealth creation through compounding.
Prioritise high-growth funds in equity-oriented categories.
2. Invest Lump Sum Amounts
Consider deploying a lump sum if you have idle savings or low-yield investments.
Invest in aggressive equity mutual funds for higher potential returns.
Break down the lump sum into tranches for better market timing.
3. Diversify into High-Growth Mutual Funds
Focus on small-cap and mid-cap mutual funds for higher growth potential.
Maintain a balance with some large-cap exposure for stability.
Ensure the portfolio aligns with your high-return requirements.
4. Avoid Overexposure to Debt or Low-Yield Instruments
Limit debt investments during this aggressive growth phase.
Avoid instruments like FDs or debt mutual funds with lower returns.
Rely on equity for the next four years to maximise growth.
5. Rebalance Your Portfolio Regularly
Conduct a portfolio review every 6 months.
Reallocate funds based on underperforming or outperforming sectors.
Keep your portfolio aligned with market trends and your goals.
6. Capitalize on Bonus or Windfall Gains
Direct any bonuses, salary hikes, or windfall gains towards your target.
Avoid unnecessary expenses during this focused phase.
Tax Efficiency Matters
Equity Mutual Funds Taxation: Gains above Rs. 1.25 lakh are taxed at 12.5%.
Debt Mutual Funds Taxation: Taxed as per your income slab.
Plan redemptions strategically to minimise tax liabilities.
Leverage Market Opportunities
Benefit from Market Corrections: Use corrections as opportunities to invest lump sums.
Stay Invested for Compounding: Avoid early redemptions to let compounding work fully.
Role of Regular Monitoring
Track Performance: Ensure funds are performing as per expectations.
Switch Funds if Needed: Shift from underperforming funds to high-growth options.
Final Insights
Deepak, achieving Rs. 7 crore in 4 years requires aggressive yet calculated strategies. Increase your SIPs, deploy lump sums, and focus on high-growth funds. Regular monitoring and disciplined investing are key to your success. Stay patient and consistent.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...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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