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Ramalingam

Ramalingam Kalirajan  |10017 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 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
Bhaumik Question by Bhaumik on Dec 17, 2023Hindi
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I am going to retire on Feb, 2024 with Retirement Benefit 1.2Cr. My liabilities is Engineering Education of my son health of me and spouse. How I will invest this amount in different sector with monthly income near about 50K?

Ans: Congratulations on your upcoming retirement! With a retirement benefit of 1.2 Cr, it's essential to allocate your funds wisely to meet your financial goals. Here's a suggested investment strategy:

Emergency Fund: Set aside a portion of your retirement benefit as an emergency fund, typically equivalent to 6-12 months of living expenses.
Debt Repayment: Prioritize paying off any outstanding liabilities, such as loans or debts, to reduce financial burden.
Investment Allocation:
Equity: Allocate a portion of your corpus to equity investments for long-term growth potential. Consider diversified equity mutual funds or index funds for exposure to the stock market.
Debt: Allocate another portion to debt instruments like fixed deposits, bonds, or debt mutual funds for stability and income generation.
Real Estate: Consider investing a small portion in real estate if suitable opportunities arise, but be mindful of liquidity and maintenance costs.
Health Insurance: Ensure adequate health insurance coverage for yourself and your spouse to mitigate any potential healthcare expenses.
Monthly Income: Invest a portion of your corpus in income-generating assets like dividend-paying stocks, rental properties, or systematic withdrawal plans (SWP) from mutual funds to generate a steady monthly income of around 50K.
Consulting a Certified Financial Planner can provide personalized guidance based on your specific financial situation and goals. They can help optimize your investment strategy to ensure financial security and peace of mind during your retirement years.
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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Moneywize

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Financial Planner - Answered on Feb 25, 2024

Asked by Anonymous - Feb 24, 2024Hindi
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I will be retiring in October 2024 and expecting a retirement corpus of Rs 80 lakh. I would be spending 60 per cent of this amount on my son’s medical admission and studies. How should I invest the rest in different sectors to earn monthly income of nearly about 40,000?
Ans: Given your retirement corpus of Rs 80 lakh and your plan to allocate 60% of it towards your son's medical admission and studies, which amounts to Rs 48 lakh, you'll have Rs 32 lakh remaining for investment. To generate a monthly income of approximately Rs 40,000, you'll need to carefully plan your investment strategy. Here's a suggested approach:

1. Assess Your Risk Tolerance: Before investing, consider your risk tolerance, investment horizon, and financial goals. Since you're retiring soon and seeking a regular monthly income, it's advisable to focus on relatively stable and income-generating investment options.

2. Allocate Funds: With Rs 32 lakh available for investment, you can allocate the amount across different investment instruments to achieve diversification and manage risk.

3 Income-Generating Investments: To generate a monthly income of Rs 40,000, you'll need investments that offer regular payouts. Here are some options to consider:

a. Senior Citizen Savings Scheme (SCSS): This government-backed savings scheme offers quarterly interest payouts. You can invest up to Rs 15 lakh individually and earn regular income at a fixed interest rate, currently around 7.4% per annum.

b. Post Office Monthly Income Scheme (POMIS): Another government-backed scheme that provides monthly income. The maximum investment limit is Rs 4.5 lakh for an individual account and Rs 9 lakh for a joint account. The current interest rate is around 6.6% per annum.

c. Fixed Deposits (FDs): Consider investing a portion of your corpus in fixed deposits offered by banks or financial institutions. Opt for monthly interest payout FDs to generate regular income.

d. Debt Mutual Funds: Invest a portion in debt mutual funds that focus on generating steady income with relatively lower risk compared to equity funds. Choose funds with a track record of consistent returns and low expense ratios.

4. Systematic Withdrawal Plan (SWP): For investments in mutual funds or other growth-oriented instruments, consider setting up a systematic withdrawal plan. SWP allows you to withdraw a fixed amount regularly, which can serve as your monthly income.

5. Emergency Fund: Set aside a portion of your corpus as an emergency fund to cover unexpected expenses or contingencies. This fund should be easily accessible and parked in liquid or low-risk instruments like savings accounts or liquid funds.

6. Review and Adjust: Regularly review your investment portfolio to ensure it remains aligned with your financial goals and income requirements. Adjust your asset allocation and investment strategy as needed based on changing market conditions and personal circumstances.

It's crucial to consult with a financial advisor or planner who can provide personalised advice based on your specific situation and goals. They can help you create a comprehensive retirement plan and investment strategy tailored to your needs, risk tolerance, and income requirements. Additionally, consider tax implications on your investment income and consult with a tax advisor to optimise your tax efficiency.

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Ramalingam

Ramalingam Kalirajan  |10017 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 21, 2024

Money
I will retire from my job in next three months. I will get a pension of rs 56000, and pf and other benefits for rs 52 laks. Have my own house and will get rent of rs 35000. Daughter is married but i have a mentally challenged son. Can you suggest me how to invest my retirement benefits of 52 lakhs.
Ans: You are retiring soon and will receive a pension of Rs 56,000 per month, along with Rs 52 lakhs in provident fund (PF) and other benefits. You also own a house that generates Rs 35,000 in rent. Your daughter is married, but you have a mentally challenged son who will need long-term financial support.

Assessing Your Monthly Income and Expenses
Total Monthly Income: Your combined income from pension and rent is Rs 91,000. This provides a stable monthly cash flow.

Essential Expenses: It's crucial to assess your monthly living expenses, including medical care for your son. This will help determine how much of your monthly income is needed for daily expenses and how much can be saved or invested.

Emergency Fund Allocation
Creating a Safety Net: Allocate a portion of your Rs 52 lakhs to an emergency fund. This fund should cover at least 12 months of living expenses and any unforeseen medical costs for your son.

Safe Investment Options: Keep this emergency fund in safe and liquid options like fixed deposits or short-term debt funds. This ensures quick access to funds without risking capital.

Long-Term Care for Your Son
Dedicated Corpus: Set aside a significant portion of your Rs 52 lakhs for your son's long-term care. This corpus should be invested in low-risk options to ensure steady growth while preserving capital.

Consider Trusts: Explore setting up a trust for your son. This ensures that his financial needs are met even after your lifetime. A Certified Financial Planner (CFP) can guide you on how to structure this trust effectively.

Investment Strategy for Retirement Corpus
1. Conservative Debt Funds
Capital Preservation: Invest a portion of your retirement corpus in conservative debt funds. These funds provide steady returns with minimal risk, making them ideal for retirees.

Regular Income: Debt funds can also generate a regular income stream, supplementing your pension and rent.

2. Monthly Income Plans (MIPs)
Additional Monthly Income: Monthly Income Plans (MIPs) invest primarily in debt with a small equity component. They offer the potential for higher returns while still prioritizing safety.

Supplement Your Pension: MIPs can provide an additional income stream to cover any shortfalls in your monthly expenses.

3. Senior Citizens' Savings Scheme (SCSS)
Safe Investment: The Senior Citizens' Savings Scheme (SCSS) is a government-backed scheme offering regular interest payments. It is one of the safest options for retirees.

Regular Payouts: SCSS provides quarterly interest payouts, ensuring a steady cash flow. You can invest up to Rs 15 lakhs in this scheme.

4. Post Office Monthly Income Scheme (POMIS)
Fixed Monthly Income: The Post Office Monthly Income Scheme (POMIS) offers a fixed monthly interest payout, providing a reliable income stream.

Low Risk: POMIS is a low-risk investment, making it a good option for preserving capital while earning steady returns.

5. Balanced Mutual Funds
Controlled Risk: Balanced mutual funds invest in a mix of equity and debt. They offer moderate growth potential with controlled risk, suitable for retirees looking for some equity exposure.

Potential for Growth: While these funds are riskier than debt funds, they offer better returns. A small allocation can help grow your corpus over time.

Insurance and Health Care Planning
Health Insurance: Ensure that you and your son have adequate health insurance coverage. Medical costs can be a significant burden, especially in retirement. Consider top-up or super top-up plans to enhance your existing coverage.

Term Insurance: If you don’t already have term insurance, consider getting a policy. It can provide financial security to your family in your absence.

Planning for Inflation
Inflation Protection: It's important to invest a portion of your corpus in options that can outpace inflation. This ensures that your purchasing power is maintained over time.

Balanced Portfolio: A mix of debt and balanced funds can help manage inflation risk while providing stability.

Avoiding High-Risk Investments
Stay Away from High-Risk Options: Given your need for financial stability, avoid high-risk investments like equities, commodities, or volatile funds. These can lead to significant losses, which could be detrimental in retirement.

Focus on Capital Preservation: Prioritise investments that protect your capital and provide steady, reliable income.

Estate Planning and Will Preparation
Creating a Will: Ensure you have a will in place to clearly outline how your assets should be distributed. This will prevent legal complications and ensure your son's needs are met.

Nominees and Beneficiaries: Review and update the nominees on all your financial accounts and investments. This will ensure a smooth transfer of assets to your son or other family members.

Finally
Your retirement plan should focus on stability, regular income, and long-term security for your son. Prioritize low-risk investments, ensure you have an adequate emergency fund, and consider setting up a trust for your son. With careful planning, your Rs 52 lakhs can be invested wisely to secure your family's future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Nayagam P

Nayagam P P  |9752 Answers  |Ask -

Career Counsellor - Answered on Jul 31, 2025

Career
Sir my rank is 16894 OC category no EWS .I got kmec CSM in second phase in tg eapcet. I am going for 3rd phase. So could you please guide me whether vidya jyoti institute of technology cse is better or kmec. In 3rd phase can I get Iare , cmrk , cvr , mgit , vjit , snist , anurag only cse and specializations . Are there any chances to get any of these colleges in 3rd phase ? Please guide me sir.
Ans: Dhaksh, With an OC category rank of 16,894 in TG EAPCET, you have secured Computer Science and Business Systems (CSM) at Keshav Memorial Engineering College (KMEC) in phase 2, and are now considering options for phase 3, including CSE at Vidya Jyothi Institute of Technology (VJIT), as well as aspirational seats at IARE, CMRK, CVR, MGIT, VJIT, SNIST, and Anurag (all CSE and related specializations). Based on the official 2024 TG EAPCET closing ranks and highly regarded educational portals, your current rank is well outside the typical closing ranks for OC candidates in CSE at top-tier colleges: CVR (3,200–4,200), MGIT (3,412–3,417), IARE (well under 1,000), SNIST and Anurag (typically under 8,000 for CSE), and CMRK (usually closes by 17,000). VJIT’s CSE (core) closed at 22,455 and AI-ML/Data Science specializations closed between 20,423–21,363, making VJIT’s CSE the only program among your choices where your rank sits comfortably within range for both core and allied branches in phase 3. KMEC’s CSM course typically has closing ranks around 17,263–18,648 for OC, which fits your present allocation and gives the campus a competitive, yet supportive environment, with strong faculty, modern infrastructure, transparent placement processes, and good industry connections. Both KMEC and VJIT have consistently placed 70–90% of eligible students in reputable IT and core companies, with experienced faculty and ample campus facilities, though VJIT is consistently rated higher for core CSE in terms of peer crowd, coding culture, alumni base, research opportunities, and recruiter interest.

In summary, at a 16,894 OC rank, you are unlikely to secure CSE at IARE, CMRK, CVR, MGIT, SNIST, or Anurag (across specializations) as their closing ranks are much lower for OC. VJIT CSE remains open in the upcoming round and is a stronger academic and placement choice than KMEC CSM. Both KMEC and VJIT offer key advantages—NAAC accreditation, modern labs, industry-engaged faculty, active coding culture, and well-structured placement cells—but VJIT provides a more prominent academic environment and greater success for core CSE aspirations.

RECOMMENDATION: Among realistic options, VJIT CSE is the preferred choice as it aligns with your rank, offers better placements, stronger academic pedigree, and deeper industry linkages. You may retain KMEC CSM as a secondary option, but prioritize VJIT CSE (and allied specializations) for a more competitive peer group, robust campus experience, and long-term professional growth. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

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Nayagam P

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Career Counsellor - Answered on Jul 31, 2025

Asked by Anonymous - Jul 31, 2025Hindi
Ravi

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Dating, Relationships Expert - Answered on Jul 31, 2025

Asked by Anonymous - Jul 31, 2025Hindi
Relationship
Hii mam i have done my registered marriage in April 2024 without knowing of my parents and now i m living in my mother's House without telling that i m married ? Now how can i convince my parents. I have told my parents about him but don't even want to talk to him or his parents.. how can i convince my parents?
Ans: Dear Anonymous,
I understand that you are in a sensitive situation. Patience and empathy is extremely important if you want to convince your parents. Understand their side; what are they objecting and why. Once you get that, it will be easier to debunk any misunderstandings they have about your relationship. Have calm one-on-one conversation with each parent instead of talking to both of them at once. Your first task is to make them listen, not immediately approve. Acknowledge any mistake they bring up; it is indeed unfair to not include your parents in your marriage decision, at least, in India. Though I am sure you had your reasons and I am not judging at all. But you need to acknowledge that it was not right of you to do that. This makes you come off more responsible, mature and sincere. Ask them gently what they do not like about your partner and once you understand it, show them his positive side.

Do not threaten, or give ultimatum. Don’t use dialogues like my life my decision if you want them to ever approve of this relationship. Be patient and give them time to come to terms with it.

Lastly, if you, even once feel that some of their objections are valid and you never saw it that way, please take things slow. We do miss a lot when we are in love. I am sure that’s not the case with you, but just in case, please do not hesitate to rethink.

Best Wishes.

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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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