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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jun 19, 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 - Jun 19, 2024Hindi

Money

My age is 33. In hand salary 65k. With loan of 8lakh and single. I have Mutual fund of 1.5 lakh . i want to retire at age of 50

Ans: It's great to see you planning for your future. At 33, you have ample time to build a solid retirement corpus by 50. Let's delve into a comprehensive strategy for you.

Understanding Your Current Financial Situation
Income and Loans

In-hand salary: Rs. 65,000 per month.
Existing loan: Rs. 8 Lakhs.
Mutual fund investment: Rs. 1.5 Lakhs.
Your income is steady, but the loan needs attention. Let's plan effectively to balance debt repayment and investment growth.

Building a Strong Financial Foundation
1. Managing Your Loan

Start by focusing on repaying your Rs. 8 Lakhs loan. Allocate a portion of your income to accelerate loan repayment. This will reduce interest burden and free up funds for investments.

Emergency Fund Creation
2. Establish an Emergency Fund

Maintain an emergency fund equivalent to 6-9 months of your monthly expenses. This fund should be easily accessible, kept in a savings account or liquid mutual fund.

Strategic Investment Planning
3. Increase Mutual Fund Investments

Mutual funds are a great tool for wealth creation. Considering your goal to retire by 50, you'll need to invest more aggressively in equity mutual funds for higher returns.

Monthly Investment Allocation
4. Diversify Your Investments

Allocate your monthly investments wisely. Here's a suggested plan:

Equity Mutual Funds: Rs. 30,000
Debt Mutual Funds: Rs. 10,000
Balanced/Hybrid Funds: Rs. 5,000
This allocation balances growth potential and risk management.

Reviewing Existing Mutual Funds
5. Assess and Realign Your Portfolio

Review your existing mutual fund portfolio. Ensure it includes a mix of large-cap, mid-cap, and small-cap funds. If necessary, consult with a Certified Financial Planner to realign your portfolio.

Setting Up Systematic Investment Plans (SIPs)
6. Consistent SIPs for Growth

Set up SIPs in the chosen mutual funds. SIPs help in averaging out market volatility and instilling financial discipline. Increase SIP amounts annually by 10-15% to match inflation and income growth.

Debt Management and Savings Balance
7. Prioritize High-Interest Debt Repayment

Focus on repaying high-interest debt first. Once the Rs. 8 Lakhs loan is cleared, reallocate that amount towards your investments.

Exploring Additional Investment Avenues
8. Alternative Investments for Diversification

While equity and debt funds are primary, consider a small allocation in gold funds or international mutual funds for added diversification.

Insurance and Risk Management
9. Adequate Insurance Coverage

Ensure you have sufficient health insurance and life insurance coverage. This protects your investments from being eroded by unforeseen medical expenses or financial hardships.

Tax Planning and Efficiency
10. Tax-Efficient Investments

Utilize tax-saving instruments like ELSS funds under Section 80C to reduce your tax liability. Plan withdrawals and redemptions strategically to minimize taxes.

Regular Monitoring and Adjustments
11. Annual Portfolio Review

Review your portfolio annually with a Certified Financial Planner. Rebalance as needed to maintain your desired asset allocation and risk tolerance.

Financial Discipline and Patience
12. Focus on Long-Term Goals

Stick to your long-term investment strategy despite market volatility. Regular investments and compounding will work in your favor over time.

Professional Guidance and Support
13. Engage with a Certified Financial Planner

Work with a CFP to tailor your investment strategy to your specific needs and goals. They can provide personalized advice and regular reviews.

Building a Retirement Corpus
14. Estimating Retirement Needs

Calculate your retirement corpus based on your expected monthly expenses post-retirement. Factor in inflation to arrive at a realistic figure.

Lifestyle and Budgeting
15. Budgeting for Lifestyle Needs

Plan your current and future lifestyle needs. This helps in setting realistic financial goals and ensures your corpus lasts throughout retirement.

Final Insights
By systematically increasing your investments, managing debt efficiently, and leveraging professional advice, you can achieve your retirement goal by 50. Discipline, patience, and regular reviews are key to staying on track.

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 Apr 30, 2024

Asked by Anonymous - Apr 30, 2024Hindi

Money

Hi Sir, myself Prabhakar working as Asst Manager at PSU bank, 33 years old, salary 90,000/- gross in hand 60,000/- and 50 lakh saved money which is in Mutual Fund. Guide me to retire at 45 with Corpus of 5 Crore

Ans: Early Retirement Plan for Prabhakar (Age 33) - Reaching a ?5 Crore Corpus by Age 45
Retiring at 45 with a ?5 crore corpus is an ambitious goal, but achievable with a strategic and aggressive investment plan. Here's a roadmap to guide you, Prabhakar:

1. Analyzing Your Current Situation:

Savings: You have ?50 lakh invested in mutual funds and a monthly salary of ?60,000. This is a good starting point.
Time Horizon: You have 12 years (till age 45) to reach your target corpus.
Required Investment: To reach ?5 crore in 12 years, you'll need a high investment rate due to the short timeframe.
2. Investment Strategy:

High Equity Allocation: Considering your long investment horizon and risk tolerance (discuss risk tolerance with your advisor), a significant portion (70-80%) of your investments should be in equity mutual funds. Aim for diversified funds across market capitalization (large-cap, mid-cap, small-cap) and sectors.
Debt Allocation: Maintain a 20-30% allocation in debt instruments like PPF, EPF (if applicable), or low-risk debt funds for stability and emergency purposes.
SIPs and Additional Investments: Increase your SIP contributions significantly. Consider investing a substantial portion of your monthly salary (around ?40,000 - ?50,000) in equity SIPs. Explore lump sum investments (bonuses, inheritances) into equity funds for faster corpus building.
3. Aggressive Growth (High Risk):

Direct Equity: A small portion (5-10%) can be allocated to directly investing in high-growth potential stocks. This approach offers potentially higher returns but carries significant risk. Conduct thorough research before choosing individual stocks.
4. Important Considerations:

Risk Tolerance: This aggressive strategy involves a higher risk profile. Carefully assess your risk tolerance and comfort level with potential market fluctuations.
Market Volatility: Be prepared for market ups and downs. Stay invested for the long term to ride out market cycles and benefit from compounding.
Professional Guidance: Consulting a qualified financial advisor specializing in aggressive growth strategies can be highly beneficial. They can create a personalized plan considering your risk profile and investment goals.
5. Additional Tips:

Emergency Fund: Maintain a separate emergency fund (3-6 months of living expenses) to cover unexpected costs and avoid disrupting your retirement plan.
Debt Management: Clear any high-interest debt (credit cards, personal loans) to free up more funds for investments.
Lifestyle Management: Living frugally and minimizing unnecessary expenses allows you to save more and reach your target corpus faster.
Reaching a ?5 crore corpus by 45 is ambitious and requires a high-risk approach. It's crucial to understand the potential risks involved and ensure your comfort level with market volatility.

Remember, this is just a general guideline. Consulting a Certified Financial Planner for personalized advice based on your specific circumstances and risk tolerance is highly recommended.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jun 19, 2024

Asked by Anonymous - Jun 19, 2024Hindi

Money

Hi, I am 34 years old married and have one kid 1 year of age. I have invested about 1.8 lakhs in mutual funds which currently stands at 2.05 lakhs. I have a PPF savings of 10 lakhs and invest full amount of 1.5 lakhs per year. I have invested 2 lakhs in equities. I have FDs worth 30 lakhs and my salary is 1.10 lakhs. I wish to retire by 40 years of age. Kindly me suggest me.

Ans: Firstly, congratulations on having a disciplined approach to your finances. At 34, you are already investing in various avenues, which is commendable. You have a diversified portfolio comprising mutual funds, PPF, equities, and fixed deposits. Let's evaluate your current financial standing and plan for an early retirement by the age of 40.

Mutual Funds Investment
Your mutual funds have grown from Rs 1.8 lakhs to Rs 2.05 lakhs. This indicates a healthy appreciation.

However, to retire early, you need to increase your investment in mutual funds.

Actively managed mutual funds could be a better choice compared to index funds. Actively managed funds often outperform the market due to professional fund management. They can adapt to market changes quickly and optimize your returns.

Consider investing through a certified financial planner who can guide you on the best mutual funds. They can provide personalized advice and help you achieve your retirement goals.

Public Provident Fund (PPF)
Your PPF savings stand at Rs 10 lakhs, and you are investing the full amount of Rs 1.5 lakhs per year.

PPF is a great investment for tax-saving and securing your future. It offers a stable and assured return, which is crucial for your retirement plan.

Continue with your current PPF contributions. This will create a significant corpus by the time you retire. Given the tax benefits and guaranteed returns, PPF is a robust component of your retirement plan.

Equities Investment
Your investment in equities is Rs 2 lakhs. Equities can provide high returns, but they come with higher risks.

For early retirement, you need a balanced approach in your equity investments. Diversify your equity portfolio to mitigate risks. Invest in blue-chip stocks and sectors with strong growth potential.

Regularly review and adjust your equity portfolio with the help of a certified financial planner. This ensures that you are on track with your financial goals and minimizes potential risks.

Fixed Deposits (FDs)
You have FDs worth Rs 30 lakhs, which is substantial. FDs are safe investments but offer lower returns compared to mutual funds and equities.

Since you wish to retire early, it's essential to balance safety and growth. While FDs provide safety, they might not generate the necessary returns for early retirement.

Consider reallocating a portion of your FDs into higher-yield investments like mutual funds and equities. This can enhance your overall returns while maintaining some level of safety in your investments.

Monthly Salary
Your monthly salary is Rs 1.10 lakhs. It is crucial to allocate a portion of your salary towards investments.

Follow the 50-30-20 rule:

50% for necessities
30% for discretionary spending
20% for investments
This ensures a disciplined approach to saving and investing, helping you build a retirement corpus.

Setting a Retirement Corpus
To retire by 40, estimate your retirement corpus based on current expenses, inflation, and lifestyle aspirations. This will give you a clear target to aim for.

Consult a certified financial planner to help you set realistic financial goals and create a roadmap to achieve them. They can provide insights into how much you need to save and where to invest.

Increasing Investments
To achieve early retirement, increase your investments gradually. Allocate more towards high-growth avenues like mutual funds and equities.

Systematic Investment Plans (SIPs) are a great way to invest in mutual funds. They provide the benefit of rupee cost averaging and disciplined investing.

Evaluate and adjust your investments regularly to stay aligned with your goals.

Risk Management
Early retirement requires careful risk management. While investing in high-return avenues, ensure you have adequate insurance coverage.

Life insurance, health insurance, and critical illness cover are essential. They protect your financial plan against unforeseen events.

Review your insurance policies regularly and make adjustments as needed.

Emergency Fund
An emergency fund is crucial for financial security. Aim to have 6-12 months' worth of expenses in a liquid fund.

This provides a safety net for any unexpected expenses and ensures you don’t need to dip into your retirement savings.

Tax Planning
Efficient tax planning can boost your savings. Utilize tax-saving instruments like PPF, EPF, and ELSS.

Maximize your tax deductions under Section 80C, 80D, and other relevant sections. This increases your investable surplus and helps in faster wealth accumulation.

Lifestyle and Spending Habits
Retiring early requires a frugal lifestyle and disciplined spending habits.

Evaluate your discretionary expenses and identify areas where you can save more. Redirect these savings into your investment portfolio.

Small changes in spending habits can have a significant impact on your savings and investments over time.

Regular Financial Review
Regularly review your financial plan and investment portfolio.

Market conditions and personal circumstances change over time. A certified financial planner can help you navigate these changes and keep your plan on track.

Periodic reviews ensure that you are progressing towards your retirement goal and allow for timely adjustments.

Benefits of Professional Guidance
Working with a certified financial planner offers several advantages. They provide personalized advice, keeping your goals and risk tolerance in mind.

They help you create a diversified investment portfolio, optimize tax savings, and manage risks effectively. Their expertise can significantly enhance your chances of achieving early retirement.

Final Insights
Your goal of retiring by 40 is ambitious but achievable with a strategic approach.

Focus on increasing your investments in high-growth avenues like mutual funds and equities. Maintain a balance between safety and growth by reallocating your FDs.

Continue your disciplined approach towards PPF and ensure you have adequate insurance coverage. Build a robust emergency fund and practice efficient tax planning.

Adopt a frugal lifestyle and disciplined spending habits to maximize your savings. Regularly review your financial plan with the help of a certified financial planner.

Your dedication and disciplined approach are commendable. With strategic planning and professional guidance, you can achieve your dream of early 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 Jul 08, 2024

Asked by Anonymous - Jul 07, 2024Hindi

Money

I am 43 year old with 1.5cr in Fd, home loan of 1.8 cr , 1 property which is loan free, 2 houses on which loan of 1.8 cr is pending .I have life insurance of 1 crore and family health insurance of 1 cr.The properties are worth 7 cr at current market rate .I have mutual funds of 22 lakhs and ppf of 30 lakhs .I have 2 kids who are 9 years old.My current monthly expenditure is 1.5 lakhs and home loan emi of 1 5 lakhs and monthly salary is 3.5 lakhs .I want to retire by 50 .What should i do ?

Ans: Your financial planning is quite impressive, especially given your responsibilities and future goals. Let's break down your situation and create a solid strategy to achieve your retirement goal by age 50.

Understanding Your Current Financial Situation
You are 43 years old and aim to retire by 50. Here's a snapshot of your current finances:

Fixed Deposits (FDs): Rs 1.5 crore
Home Loan: Rs 1.8 crore
Loan-Free Property: One
Loan-Pending Properties: Two, with Rs 1.8 crore pending
Property Value: Rs 7 crore (current market rate)
Life Insurance: Rs 1 crore
Family Health Insurance: Rs 1 crore
Mutual Funds: Rs 22 lakh
Public Provident Fund (PPF): Rs 30 lakh
Monthly Expenditure: Rs 1.5 lakh
Home Loan EMI: Rs 1.5 lakh
Monthly Salary: Rs 3.5 lakh
Two Kids (9 years old)
Prioritizing Financial Goals
Retirement Planning
Early Loan Repayment
Children's Education and Future
Let's dive deeper into each goal.

Retirement Planning
Retiring by age 50 means you have only seven years to build a substantial corpus. Here's how you can achieve this:

Evaluate Your Investments
You have significant savings in FDs, mutual funds, and PPF. These are good, but diversifying further can enhance returns. Mutual funds can provide higher returns compared to FDs and PPF, especially over the long term.

Power of Compounding
The power of compounding can significantly grow your investments. By investing regularly in mutual funds, you can benefit from rupee cost averaging and mitigate market volatility.

Diversify Your Mutual Funds
Consider allocating your investments across different categories of mutual funds for better returns:

Large-Cap Funds: Invest in well-established companies for stability.
Mid-Cap Funds: Invest in medium-sized companies with higher growth potential.
Small-Cap Funds: Invest in smaller companies for high returns, though with higher risk.
Balanced or Hybrid Funds: These provide a mix of equity and debt, balancing risk and return.
Increase Your SIP Contributions
Given your current salary, you can allocate more towards SIPs. Increasing your monthly SIPs in mutual funds will help you build a substantial retirement corpus.

Early Loan Repayment
Reducing your debt burden before retirement is crucial. Here's how you can tackle your home loan effectively:

Lump-Sum Payments
Whenever you have surplus funds, consider making lump-sum payments towards your home loan. This will reduce your principal amount and overall interest burden.

Prepaying with FD Maturities
As your FDs mature, use a portion to prepay your home loan. This strategy can significantly reduce your EMI burden and loan tenure.

Children's Education and Future
Planning for your children's education and future expenses is equally important. Here’s a strategy:

Separate Education Fund
Create a dedicated education fund for your kids. Investing in equity mutual funds can be beneficial due to their long-term growth potential.

Systematic Investment Plan (SIP)
Set up SIPs in mutual funds specifically for your children's education. This will ensure you have a substantial corpus when needed.

Evaluating Current Investments
Fixed Deposits (FDs)
FDs provide safety but relatively lower returns. Consider gradually shifting some funds from FDs to higher-yielding investments like mutual funds.

Mutual Funds
Your current mutual fund investment of Rs 22 lakh is a good start. Increase your SIPs to enhance this corpus. Diversify across different categories for balanced growth.

Public Provident Fund (PPF)
PPF is a safe investment with tax benefits. Continue investing in PPF for assured returns and stability in your portfolio.

Insurance Coverage
Life Insurance
Your current life insurance cover of Rs 1 crore is good. Ensure it is sufficient to cover any outstanding liabilities and your family's needs in case of any eventuality.

Health Insurance
Your family health insurance cover of Rs 1 crore is adequate. Review it annually to ensure it meets rising healthcare costs.

Strategic Investment Allocation
Here’s a suggested allocation for your additional investments:

Increase SIPs in Mutual Funds: Allocate a significant portion of your savings towards diversified equity mutual funds.
Prepay Home Loan: Use FD maturities and any surplus funds for lump-sum payments towards your home loan.
Dedicated Education Fund: Set up separate SIPs for your children's education.
Final Insights
Balancing long-term goals like retirement, medium-term goals like loan repayment, and short-term goals like children's education is key. By diversifying your investments, making strategic loan prepayments, and saving diligently, you can achieve financial stability and enjoy a comfortable retirement by age 50.

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 Jul 26, 2024

Asked by Anonymous - Jul 18, 2024Hindi

Money

Hi sir, I am 35years old.i have 5year old son.my salary and my wife it's 120000, Total medical insurance is 20lack. Pf 9000 per month mutual fund 11000 per month and I have a flat of 65lack.i want to retire at 50.

Ans: Current Financial Situation
Income: Combined salary of Rs 1,20,000 per month.

Medical Insurance: Coverage of Rs 20 lakhs for your family.

Provident Fund: Rs 9,000 per month.

Mutual Fund Investment: Rs 11,000 per month.

Property: Own a flat valued at Rs 65 lakhs.

Son's Age: 5 years old.

Retirement Planning
Goal: Retire at age 50. This gives you 15 years to build a retirement corpus.

Corpus Needed: You need a substantial corpus to sustain post-retirement. This includes living expenses, medical needs, and inflation.

Investments Assessment
Provident Fund: Stable and secure. Continue contributing.

Mutual Funds: Good choice for long-term wealth creation. Ensure you have a diversified portfolio.

Property: Avoid considering it as a liquid asset for retirement. Focus on financial instruments instead.

Increasing Investments
Enhance SIPs: Increase SIP contributions gradually. Aim for a higher monthly investment.

Equity Exposure: Ensure a good mix of equity mutual funds. Equity offers higher returns over the long term.

Debt Funds: Balance your portfolio with some debt funds for stability.

Insurance Review
Medical Insurance: Rs 20 lakhs is decent coverage. Review it periodically to ensure it meets future needs.

Life Insurance: Ensure adequate life cover. Consider term plans for sufficient coverage.

Education Fund for Son
Higher Education: Start a dedicated fund for your son's higher education. Education costs will rise significantly.

Investment Options: Use a mix of child plans and mutual funds to build this corpus.

Reducing Debt
Home Loan: If you have a home loan on your flat, plan to repay it before retirement.

Debt-Free Retirement: Aim to enter retirement without any liabilities.

Professional Guidance
Certified Financial Planner: Consult a Certified Financial Planner for a detailed plan. They can help you balance risk and return.

Regular Reviews: Periodically review your financial plan. Make adjustments based on life changes and market conditions.

Final Insights
Consistent Savings: Regular and disciplined savings are key to achieving your goals.

Balanced Portfolio: Maintain a balanced portfolio to manage risks.

Focus on Long-Term: Keep a long-term perspective for investments. Avoid short-term market fluctuations.

Emergency Fund: Ensure you have an emergency fund. It should cover at least 6 months of expenses.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi

Career

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.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
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• Surrey and Borders Partnership (SABP) NHS Foundation Trust – International Psychiatric and Community Paediatrics Sponsorship Scheme
• Tees, Esk and Wear Valleys NHS Foundation Trust – International Psychiatric CESR or SAS Fellowship
• University College London Hospitals NHS Foundation Trust, Department of Critical Care – Clinical Fellowship Critical Care and Perioperative Medicine
• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
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.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Aug 02, 2024Hindi

Career

I’m mbbs final year student from Kathmandu university want pg medicine from UAE

Ans: You have provided very limited information. I understand that you are a student from Kathmandu University and wish to pursue higher education in medicine in the UAE. To provide a more accurate response, I need the following details:

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

Career

Sir my son has 92 percentile in cat 2024..what are his scopes of admission.

Ans: Hi Sir,
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
- Institution
- Caste
- Creamy layer
- 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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