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Ramalingam

Ramalingam Kalirajan  |1249 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 18, 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 - Mar 20, 2024Hindi
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At the age of 74,I have a corpus of 50 lack in MFs. My present capacity for investment per annum is approximately 4 lakh. I need advice on where to invest and leave behind a corpus of approximately 1 Cr for my family. Life expectancy at this stage being unpredictable, I need to secure my family with income other than my pension alone.

Ans: Given your age and investment capacity, achieving a corpus of 1 Cr with a 4 lakh annual investment is challenging. Consider investing in debt-oriented mutual funds or conservative hybrid funds to balance risk and returns. Additionally, look into senior citizen saving schemes or post office monthly income schemes for stable returns. Dividend-paying mutual funds can also provide regular income. Given your unpredictable life expectancy, ensure you have a term insurance cover and create a will to secure your family's financial future. Consult a financial advisor for personalized guidance tailored to your needs.
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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Asked by Anonymous - Apr 06, 2023Hindi
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Good afternoon. Please inform what should be corpus fund available for following situation - Family of 2, age 55 Years, no loans, own house, current monthly expenses Rs. 60K, life expectancy say up to 80 years (if all goes well) and retirement in 4 years.
Ans: Good afternoon! As a financial advisor, I understand the importance of planning for a comfortable retirement. Based on the information provided, here's a suggestion for the corpus fund required for your retirement.

Considering you have 4 years until retirement at the age of 59 and a life expectancy of up to 80 years, you will have about 21 years of retired life.

Your current monthly expenses are Rs. 60,000. We need to account for inflation, which has an impact on your future expenses. Let's assume an average inflation rate of 6% per year. After 4 years, your monthly expenses would be:

60,000 * (1 + 0.06)^4 ≈ Rs. 80,281

Now, let's calculate the total corpus required for 21 years of retirement life considering the same 6% inflation rate and an annual return of 7% on your investments:

Corpus required = (80,281 * (1 - (1 + 0.06)^(-21))) / (1 - (1 + 0.07)/(1 + 0.06)) ≈ Rs. 1,93,47,956

Hence, you would need a corpus fund of approximately Rs. 1.93 crores at the time of your retirement to sustain your lifestyle for 21 years.

Please note that these are rough estimates based on the information provided, and you may want to consider other factors such as healthcare costs and lifestyle changes. It's always a good idea to consult with a professional financial advisor for a more personalized and accurate plan.
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Asked by Anonymous - Apr 29, 2024Hindi
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Please help me, I am 20 years old. I pass out class 12th from Maharashtra board in 2022, I have been preparing for NEET exam from class 11th, 2 years I studied in Aakash Institute gave NEET after class 12th, my first attempt 289/720 (2022). After that I decided to take one year drop, so I went Kota studied in Allen Institute for one year, My father took a loan of 5 lakhs for me, but again I failed in second attempt 362/720(2023), came back home, enrolled in a private university for bsc biotech and along with it I again start preparing, now only 6 days left for exam & i have not touch my book since last 1 month, I studied hard for few months after second failure but then I quit studying I waste my time into relationship,porn, overthinking, masturbation etc. Now what I should do I know I will fail again in my third attempt but what I will do after that? Should I start prepare for UPSC? Should I do BBA ? Im totally confused about my future! ease someone help me should I take regular admission into some university? Should I do BA? Im totally fucked up, I have even tried to end my life so many times, I have even ran away to haridwar when I was in Kota ..but things dont happen according to me i always failed in anything I do...My friend now are in their third year they will complete their undergraduation & im here whining about my life.. even my parents have started to hate me..leave relatives...please guide me my mental health has been derailed by these exams...please help me ???? i dont jave even friends to whom i share my pain and from whom i should get guidance
Ans: Hello,
first of all, you need to calm down & settle down your negative thought process. At least you are clear & honest enough to admit your mistakes. That's the first step towards success.

Decide your goal & make a road map to achieve it. Follow it diligently & avoid distractions that come along the journey. If you are unable to control your negative thoughts seek professional counseling. All the best.
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Sir, I am 27 years old, Single. Its been 2 years + I am doing private 3 years project contractual job this contractual job.its going to complete in Dec 31st 2024. I gave Ctet teacher exam but i failed 3 time. But i m not focusing in State tet so, i want focus but in market lots of content and i dont have gude what shall i do. I am not happy with my current job. This job changes me alot in my caracter now, i cant sleep properly because if this job will finished what shall i do, till yet i have not creck any exam. And if i go in market i started to forgot ex:- After giving money i forgot to take back, after giving money i forgot to take things sometime. My age also gainig if want to marry so, i have earned money or save money i have to bear all expenses because my parents financially poor if I want save, same time i need to look my younger brother study expenses i need to bear and family running mantainance and also have EMI loans need to pay and also i am helping my parents to build their house with my own money my parents does not have money for my marriage. Now i have overthinking, depression, fear, feeling lossing confident, my dream job also get critical in this situation what shall i do. In office also staff try to polling down because i am getting higher salary what shall i do. For this reason just resently my health conditions because worse my pressure 139 felt vomit feel dizzy. What shall I do now Sir.
Ans: I have gone through your query and understand that you are at the Cross roads of Life.

It's at these times... When the going gets tough... The tough gets gong.
That's your strength.. A tough resilient young lady!
Kindly note you are doing an excellent job hence rewarded with better pay in your organization.. Obviously there's going to be jealousy..Be calm & Handle it with maturity.

Now I understand you are very committed selfless person. Who's contributing a lot to your family,... Wow in fact helping build your own new horse. !

In regards to your contractual job, talk to your employer, let them know, that you would have to look for another job post December 2024 if there's no clear further commitment.

In regard to your marriage at 27 you aren't too old to find a like minded partner don't rush and regret, start the process through matrimonial apps.

I see you talk about your health, especially blood pressure, well that's because you are unduly stressed.
Add tender coconut water to your diet, talk to a proper Ayurvedic doctor..!

I am sure you will get over this mid life syndrome and invite us all for your happy day!
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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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