I have filled ITR manually for A.Y 2013-14 claiming Refund of Rs 500000 ,the return was not processed within the due date by ITO, in mean time several times i am demanding for refund but no valuable answer was given, what further remedies i can opt for?

Ans: Hello;
Care healthcare insurance offers a heart health insurance policy but please do read policy terms clearly and seek advice of an insurance advisor if needed.

Best wishes;

Ans: Cardiac care health insurance plans are tailored for individuals with pre-existing heart conditions like your wife's. These plans cover treatments related to heart ailments, including post-angioplasty care, hospitalisation, and follow-ups. Look for plans offering comprehensive coverage, no waiting period for pre-existing conditions, and lifelong renewability. Evaluate features like annual health check-ups and OPD benefits. Consult with your Certified Financial Planner to choose a policy that aligns with her medical needs and budget.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: Dear Anonymous,
I don't know what your question is but I know no matter what you ask, I would only give you one suggestion- please rethink the relationship. Abuse in any form is unacceptable, even once, and here he has already raised his hands on you 3-4 times.

You are not at fault here; it is difficult to leave a relationship but you have to do it for yourself. But, do you think you deserve this? Or does anyone deserve this, for that matter? Imagine if your friend told you the same, what would you ask her to do?

Forget getting down on one knee, effort, or his male ego; he raised his hands, and that is unacceptable. Please reconsider the relationships. You deserve so much more love, respect, and peace.

Best Wishes.

Ans: Hello Human

You are eligible for engineering admission in 2025, provided you must clear the state engineering entrance test with the required score. In the past, many students did the same exercise successfully. Now, focus more on mathematics.

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Radheshyam

Ans: Hello Vedhi

BAMS is a very good branch. If you have an interest then you can surely opt for it without any hesitation. But be careful to choose the best college. (Don't compromise with distance and fees)

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Ans: Hello.
The NEET score benchmarks vary year by year.
(1) Check the state-wise counseling brochure for NRI quota details (released by the respective state authorities).
(2) Look at the previous year's NEET cutoff trends for NRI seats in government colleges.

Approximate NEET Score Range for NRI Students:-
(1) Government Colleges:- 450 to 600+ depending on the state and college.
(2) AIQ (All India Quota) Seats:- Min 600+ is usually required to secure a seat in a top government college.

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Ans: Hello Vikas
Yes, you can appear JEE examination with your chosen mathematics subject. Appear for board examination by taking only mathematics as an additional subject to avoid the load of Phy+Che subjects.

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Ans: Hello.
(1) If your Aadhar card is verified at the time of form filling, then there is no need to worry.
(2) There is no problem even if you have forgotten to write the name of the building.
(3) You will not face any problems at the time of entering the examination hall.
(4) Please follow all the guidelines laid by NTA before entering the examination hall.
(5) Even if you feel very insecure, file a separate application to NTA via email mentioning the mistakes you made in the application form. Carry the printout of this forwarded email with you at the examination center. If there is any problem, show it to the respective center head.

Note: It is sad to hear that, the students who are preparing for the JEE examination, make simple mistakes in application forms. It is highly recommended to you that, please download the brochure of the JEE examination, and read it very carefully to avoid silly mistakes in the future.

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Radheshyam

Ans: Your plan shows thoughtful diversification and allocation across categories. Let’s review the lumpsum, SIP, and fund selection strategies in detail.

Lumpsum Investment Plan
Diversification Across Categories: Your allocation of Rs 20 lakhs among large-cap, mid-cap, small-cap, and contra funds ensures good diversification.

Strategic Use of STP: Allocating Rs 20 lakhs into a liquid fund and initiating a systematic transfer plan (STP) is a prudent move. It reduces the risk of market volatility and ensures disciplined deployment of funds over time.

Room for Refinement: Ensure you align the STP duration with your risk appetite. A 6-12 month STP works for moderate-to-high risk investors. For a conservative approach, consider extending this to 18 months.

SIP Investment Plan
Balanced SIP Allocations: The monthly SIP of Rs 1 lakh is well-distributed across different fund categories. Allocating more to mid-cap and small-cap funds (20% each) aligns with your moderate-to-high risk profile.

Long-Term Focus: SIPs over 10 years will help you average market fluctuations. This approach aligns well with wealth-building goals.

Scope for Fine-Tuning: Consider reducing overlap in fund strategies. Some of your funds may invest in similar sectors or companies, leading to portfolio redundancy.

Evaluation of Fund Categories
1. Flexi Cap Funds
Flexi cap funds provide exposure to large, mid, and small-cap stocks.
They adjust dynamically based on market opportunities, balancing risk and returns.
2. Multicap Funds
Multicap funds must maintain a minimum of 25% allocation in large-cap, mid-cap, and small-cap stocks.
This ensures exposure to various market segments while limiting extreme risks.
3. Mid-Cap and Small-Cap Funds
These funds offer higher growth potential but come with greater volatility.
Ideal for long-term goals, but monitor performance every 1-2 years.
4. Contra Funds
Contra funds follow a contrarian investment strategy, focusing on undervalued stocks.
While offering unique opportunities, they require patience for results.
Key Areas for Improvement
Review Overlap in Portfolio:

Check the overlap between the flexi cap, multi-cap, and contra funds.
Too much overlap might dilute diversification benefits.
Add a Debt Component:

A small debt fund allocation, beyond the liquid fund, can help balance your portfolio.
This acts as a cushion during equity market corrections.
Active Fund Management:

Since you’ve chosen direct funds, ensure regular monitoring.
Investing through a Certified Financial Planner (CFP) ensures ongoing guidance and portfolio review.
Tax Implications
Lumpsum and STP Gains:

Any gains from the liquid fund during STP are subject to your income tax slab.
Ensure you plan for tax liabilities while making withdrawals.
Equity Mutual Funds:

LTCG above Rs 1.25 lakh is taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Tax Efficiency with SIPs:

Each SIP instalment has its own holding period. This means gains are taxed individually.
Risk Management
Volatility in Small- and Mid-Cap Funds:

While these categories offer higher returns, they also have greater volatility.
Avoid reallocating funds during market corrections to maximise compounding benefits.
Regular Reviews:

Perform yearly reviews of fund performance and category suitability.
Replace funds that consistently underperform benchmarks over 3-4 years.
Final Insights
Your investment plan is robust, aligning well with your risk appetite and long-term goals. The use of lumpsum and STP is commendable, and the SIP allocations show a focus on disciplined investing.

However, focus on reducing portfolio overlap and adding a debt component for better risk management. Monitor fund performance regularly, and consider engaging a CFP for periodic reviews to ensure your portfolio stays aligned with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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