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Samraat

Samraat Jadhav  |2263 Answers  |Ask -

Stock Market Expert - Answered on Aug 08, 2023

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
DILIP Question by DILIP on Aug 07, 2023Hindi
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my age is 54 i want to invest 20000 month for four year which is better option

Ans: Mutual Fund SIP in Balance Advantage Funds.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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  |8285 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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I want to invest 1000000 for 5 yrs. my age is 65 yrs
Ans: As you embark on this investment journey at 65, it's crucial to follow a systematic process to ensure your financial goals are met while considering your age and time horizon. Here's a general roadmap:

Define Your Goals: Clearly articulate your financial objectives for the next 5 years. Whether it's funding retirement expenses, leaving a legacy for your loved ones, or achieving a specific milestone, knowing your goals is the first step.
Assess Risk Tolerance: Understand your risk tolerance and investment preferences. At 65, capital preservation may be a priority, but some exposure to growth assets could still be beneficial.
Consult with a Certified Financial Planner: Seek guidance from a Certified Financial Planner who can assess your financial situation, goals, and risk tolerance. They can recommend suitable investment options tailored to your needs.
Choose Investment Avenues: Based on your goals and risk profile, select appropriate investment avenues such as mutual funds, fixed deposits, bonds, or a combination thereof.
Diversify Your Portfolio: Diversification is key to managing risk. Spread your investment across different asset classes and sectors to reduce vulnerability to market fluctuations.
Monitor and Review: Regularly monitor your investments and review their performance. Adjust your portfolio as needed to stay aligned with your goals and changing market conditions.
Stay Informed: Keep yourself informed about economic trends, market developments, and regulatory changes that may impact your investments.
By following these steps and seeking professional guidance, you can navigate the investment landscape with confidence, ensuring your financial objectives are met over the next 5 years. Remember, it's never too late to invest wisely and secure your financial future.

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Ramalingam

Ramalingam Kalirajan  |8285 Answers  |Ask -

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

Asked by Anonymous - Aug 26, 2024Hindi
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Planning to invest monthly 1800 INR in eTouch Life Goal. Please advice.
Ans: Understanding Your Investment Choice
eTouch Life Goal is an investment-cum-insurance product. These products typically combine life insurance with market-linked returns. The idea is to provide both protection and growth in a single package.

Investing Rs. 1,800 per month in such a product requires careful consideration. You need to ensure it aligns with your long-term financial goals.

These plans often have higher fees and charges compared to pure investments or pure insurance products. The returns might not be as high as investing directly in mutual funds or stocks.

Evaluating the Product’s Suitability
Consider if this investment suits your risk tolerance and financial goals. If your primary goal is wealth creation, other options might offer better returns.

The life insurance component might provide a sense of security. But, it may not be enough to cover your actual insurance needs.

Compare the benefits with alternative strategies like separate term insurance and mutual fund investments. This approach can often give you better coverage and higher returns.

Cost Structure and Returns
Products like eTouch Life Goal often have high costs. These include policy administration fees, fund management charges, and mortality charges.

These charges can reduce the actual returns you receive. Over time, this could mean that your investment grows slower than if you had invested directly in mutual funds.

It’s important to read the product brochure carefully. Understand all the charges involved before making a decision.

Alternative Approaches
Pure Term Insurance: This offers higher coverage at a lower cost compared to the insurance component in eTouch Life Goal. The premiums are affordable, and you get substantial life cover.

Mutual Funds: These provide the flexibility to invest in different asset classes. You can choose from equity, debt, or hybrid funds based on your risk appetite.

By separating your insurance and investment, you can maximise returns while ensuring adequate protection.

Tax Benefits and Implications
eTouch Life Goal offers tax benefits under Section 80C for the premium paid. The maturity proceeds might also be tax-free under Section 10(10D).

However, keep in mind that tax benefits should not be the primary reason for choosing an investment. Focus on overall returns and the suitability of the product for your financial goals.

The Role of a Certified Financial Planner
A Certified Financial Planner (CFP) can help you analyse whether eTouch Life Goal fits your financial plan. They can provide a comprehensive review and suggest alternatives if needed.

A CFP can also help you build a balanced portfolio. This includes life insurance, mutual funds, and other investments tailored to your needs.

Flexibility and Liquidity
eTouch Life Goal might have lock-in periods or penalties for early withdrawal. This can affect your financial flexibility.

Consider whether you might need access to your funds in the short to medium term. If liquidity is important, other investment options might be more suitable.

Assessing Your Long-Term Goals
Your decision should align with your long-term financial goals. Consider your retirement plans, children’s education, and other major expenses.

Make sure your investment strategy supports these goals without taking on unnecessary risks or incurring high costs.

Final Insights
Investing Rs. 1,800 per month in eTouch Life Goal is a significant commitment. You need to weigh the benefits against the costs and consider whether it fits your financial plan.

Alternative strategies, like combining term insurance with mutual fund investments, might provide better returns and coverage.

Consult with a Certified Financial Planner (CFP) to make an informed decision. They can help you design a plan that maximises your wealth while ensuring adequate protection.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

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Sushil

Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Apr 24, 2025

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Hello Sir. My Son has got offer from follwing University.. 1)University of Padua - Italy (BSC - Information Technology) - 3 years Course 2)University Of Strathclyde - UK (BSC - HON Computer Science) - 4 yrs 3)Caledonian University of Glassgow - UK (Bsc Hons Computing). 4 yrs 4) National College of Ireland (BSC - HON Computer Science Engg) - 4 yrs We are confused to select the university / country
Ans: Hello ASAD,

First and foremost, thank you for getting in touch with us. I am glad to know that your son has received offers from the above mentioned universities. As an answer to your query, I would like to tell you that a prestigious and budget-friendly education in a lively Italian environment, along with a reputable academic standing and lower living expenses is offered at the University of Padua; its 3-year BSC - Information Technology may also provide a quicker path to higher education or jobs. Coming to the University of Strathclyde, top-ranked in the UK for Computer Science, this university is renowned for its linkages with industry, research possibilities, as well as outstanding student services, offering robust employment opportunities. Next, situated in a student-centric city with budget-friendly costs in comparison to other cities in the UK, Glasgow Caledonian University focuses on hands-on, industry-focused learning with impressive graduate employment rates. The National College of Ireland provides a small, contemporary campus in Dublin with robust ties with the technology sector, internships, and employment prospects in one of Europe’s key technology hotspots.

Lastly, deciding which university and country to select depends on your son’s professional objectives, ideal learning atmosphere, budget, as well as plans for the future- whether he prefers a shorter course term, robust industrial connections, global exposure, or residing in a specific nation.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

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Nayagam P

Nayagam P P  |4455 Answers  |Ask -

Career Counsellor - Answered on Apr 24, 2025

Career
EWS category rank female 30065 suitable NIT IIIT GFTI admission getting sir 2025
Ans: Rajeswari, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

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

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

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

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

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

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

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

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

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