Every month I am paying 30% tax on my salary .I have invested in PPF,NPS,EPF L,MEDICLAIM,LIC and also HRA. I have utilised the maximum benefits available in all sections.Still the amount of tax I have to pay is humongous. Can u please let me know if there is any other financial products that I should invest to save more tax

Ans: The ICICI Prudential Nifty 50 Index Fund replicates the Nifty 50 index. It is a passive fund that mirrors the index performance. The last six months have been volatile for the stock market, which has affected index funds. This is expected in short-term market conditions and does not reflect the long-term potential of index-based funds.

However, relying on index funds for wealth creation in volatile markets may not always be optimal. Active funds offer the flexibility of stock selection, better risk management, and potential for higher returns.

Why Active Funds May Be a Better Choice
Volatility Management: Active fund managers adjust the portfolio based on market trends. This flexibility helps during volatile times.

Higher Growth Potential: Actively managed funds can outperform index funds by investing in sectors and stocks with higher potential.

Diversification: Multi-asset funds allocate across equity, debt, and other asset classes. This reduces risk and provides stability.

Assessing Your Current Investment
Index Fund Performance: While the last six months may seem disappointing, index funds are designed for long-term investors.

Cost Factor: Index funds have lower expense ratios but lack active management during market fluctuations.

Active vs Passive: Actively managed funds are better during periods of market instability. They offer professional stock selection and sector rotation.

Benefits of Multi-Asset Funds
Balanced Portfolio: Multi-asset funds invest in equities, bonds, and gold, diversifying your investment.

Risk Mitigation: Allocation to multiple asset classes reduces portfolio volatility.

Stable Returns: These funds aim to provide consistent returns, even during volatile markets.

Suggested Action Plan
Reevaluate Goals: Align your investment decisions with your financial goals and risk tolerance.

Shift to Active Funds: Consider shifting from the Nifty 50 index fund to an actively managed multi-cap or multi-asset fund.

Monitor Performance: Choose funds with a strong track record and consistent performance across market cycles.

Consult a Certified Financial Planner: A planner can help you select the right actively managed funds and align your investments with your financial plan.

Final Insights
While index funds like ICICI Prudential Nifty 50 are suitable for passive investors, active funds offer an edge in volatile markets. Shifting to a multi-asset or actively managed fund may help you achieve better returns and stability.

Invest wisely, monitor regularly, and stay disciplined to maximise your wealth creation journey.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: Subhashini, (1) Please apply online or offline to have your Aadhar DOB corrected right away. (2) Have sufficient copies of its acknowledgement that explicitly state that you have requested a change to your date of birth in accordance with your educational certificates. (3) They often merely look at your name and photo before letting you into the exam room. (3) To be safe, bring your (original) educational certificate with your accurate date of birth and the Acknowledgment Slip of your Aadhar for DOB Correction on the day of your JEE exam. (4) Adhere to these recommendations. You won't experience any issues. (5) Going forward, please double-check all of your information before completing and submitting any online application forms.
All The BEST for Your JEE & Other Entrance Exams.

Follow RediffGURUS to Know More on ‘Careers | Finance | Health | Relationship ’.

Ans: Hello;

You should regularly take medicines as advised by your registered medical practitioner who specialises in psychiatry.

Do not self medicate under any circumstances.

If you have declared a disease to the insurance company and they have acknowledged to cover it with waiting period or on immediate basis, as the case maybe, they are duty bound to honour your claims for pre-existing disease.

Best wishes;

Ans: Indeed. Candidates have until January 31, 2025, to submit their applications, which opened yesterday. The exam is scheduled for March 13–31, 2025. All The BEST for Your Prosperous Future.

Follow RediffGURUS to Know More on ‘Careers | Finance | Health | Relationship ’.

Ans: Yes, long term capital loss can be set off against long term capital gain if earned in the next 8 years

Ans: Refile is required if you are resident, you have not shown foreign income or foreign assets in original return filed.

Ans: Hello Yug,
The reply is given to you in a follow-up question. Please copy and paste the following link to view the reply: https://gurus.rediff.com/question/qdtl/career/telangana-state-caste-certificate-sc-live-maharashtra-mbbs-college-maharashtra/5190732

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

Radheshyam

Ans: Dear Anonymous,
Kindly work with someone who can get you out of this mindset and into a mindset that is not motivating but also inspiring. Right now what you face is lack of inspiration which is understandable given the many attempts. But you are aware that some professional exams are like this; so persevere...
If it makes sense, take a break from it all...Breaks can refresh the mind and also help you realign yourself back to your goal. But make sure it's a short break and not something that will get you to a place of procrastinating. The break is to help you slow down the mind so that you can bring yourself back to your goal and take necessary steps to achieve it.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Dear Geetasri,
You might want to involve the police if the situation is getting worse.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/