Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Jun 01, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
sarvothama Question by sarvothama on Jun 01, 2023Hindi
Listen
Money

Dear Govila Sir, I am 61 year old, retired from my services having 23L in MF, 24L in shares and sufficient arrangement to cater my daily expenses. Now I find it difficult to concentrate on my portfolios, so thinking of selling my MF and shares and invest in PMS (50L in Marcellus consistent compounders) to gift the amount to my son and daughter after say 15 years. Request you to please give your advice on this matter. With Thanks & Regards Sarvotham

Ans: Dear Sarvotham
PMS might seem alluring but my experience has been that the performance of most of them is patchy and quite irregular. A well performing PMS is generally not able to repeat the performance even the next year.

The reasons for the above are not very far to seek. PMS’ generally keep very concentrated portfolios and that too of mid and small stocks, and hence, the risks taken are very high. If the risk taken plays out, the PMS performs in that year. With your available money, you will have to invest in one single PMS since the minimum investment allowed is 50 Lakhs.

On the other hand, equity mutual funds typically have 40-60 stocks in portfolio and since there is no minimum investment limit like in PMS, you can have a well diversified portfolio which will reduce your risks and also have a balance.

My suggestion is to search out a good financial advisor and take his/her advice to manage the portfolio. That way you would you would not have to manage the portfolio yourself which you are finding difficult to do, costs will be much lower as the PMS typically charge much higher fees and you would also have a control on your portfolio which you will not have in PMS.

By the way, 61 years is not such a high age… my age is the same as yours!! 😊
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.
Money

You may like to see similar questions and answers below

Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Jun 16, 2023

Asked by Anonymous - Jun 09, 2023Hindi
Listen
Money
Hello, I have a portfolio of Mutual fund with majority 65% towards small cap ( SBI Small Cap, Axis Small Cap and HSBC Small cap earlier L&T emerging business fund) and 20% in Mid cap (Axis Midcap, Kotak Emerging Business & HSBC mid cap fund) and 15% in Large Cap funds. This is purely long term plan( my retirement) and I don't need any fund as of now as I have FD's for my emergency need. I am also invested directly in stocks mainly large caps. This investment for me in all is more than 1.5 Cr. I want to invest another 50 lakhs purely for my child future educational needs which I would be requiring after 15 years. I would like to understand should I go ahead with mutual funds or I can try PMS services.
Ans: First of all, you have a good portfolio but it is very risky and a little over-diversified. You have invested in 3 funds for each category which is more than I would recommend to anybody.

Regarding your query on investment options to accumulate the amount for Children’s education need, both - mutual funds and PMS services - can be good option for investing your money. However, there are some key differences between the two that you should consider before making a decision.
• Cost: Mutual funds are typically less expensive than PMS services since mutual funds have a lower expense ratio, which is the fee that is charged to investors to cover the costs of managing the fund. However, PMS have a heterogeneous charge structure that can vary on the basis of performance, or fixed charge structure irrespective of performance, that may or may not justify/align to your requirement/objective.
• Incidence of Tax – In Mutual Funds, all the transactions that the fund manager does - whether he buys or sells any stock, are not liable to be taxed to you. It doesn't affect your tax liability. You are liable to capital gains tax only when you actually redeem your money invested in the fund. But in the case of PMS, all transactions done by the fund manager will be treated as your own transactions and will be liable to capital gains tax.
• Flexibility and liquidity: Mutual funds offer more flexibility than PMS services. This is because mutual funds can be bought and sold easily and generally carry no lock in. PMS services might have lock-in periods and exit loads if exited before 1 - 2 years depending on the fund.
You could invest your money in a low-cost, diversified mutual fund that is designed for long-term growth. This would provide you with the potential for growth over time, while still minimizing your risk. Risk management is equally important when it comes to critical life goals.

There are various mutual funds available for educational reasons, such as the Children's Gift Fund (Mutual Fund) and even a well-diversified regular MF portfolio. You can use those to meet your long-term educational objectives.

Disclaimer:
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.

..Read more

Ramalingam

Ramalingam Kalirajan  |9383 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

Asked by Anonymous - Jul 19, 2024Hindi
Listen
Money
I want to seek your advise on PMS for me. I have retired last year and have received a corpus of 1 cr. I have investments in FD, PPF, mutual Fund, Senior citizen scheme, mutual funds and SIP. Please advise if PMS is good for me as I want to generate more money for my son’s future.
Ans: It’s great that you are thinking about your son’s future. You have already diversified your investments well. This is commendable.

Overview of Portfolio Management Services (PMS)
PMS involves professional management of investments. It offers tailored investment strategies. Let's explore whether it suits your needs.

Benefits of PMS
Professional Management: Managed by expert portfolio managers.

Customised Strategies: Tailored to individual goals and risk tolerance.

Active Management: Regular adjustments based on market conditions.

Potential for Higher Returns: Aims to outperform standard investments.

Drawbacks of PMS
High Fees: Management fees can be substantial.

Minimum Investment: Usually requires a large initial investment.

Market Risk: Investments are subject to market volatility.

Lack of Liquidity: It may have lock-in periods or exit loads.

Evaluating PMS for Your Needs
You have a significant corpus of Rs. 1 crore. Let's evaluate if PMS aligns with your goals.

Professional Management: PMS offers expert handling. This might appeal to you.

Customisation: Your specific needs for your son's future can be addressed.

Active Management: Ensures your portfolio is aligned with market changes.

Comparing PMS with Mutual Funds
Mutual funds are also professionally managed. Let’s compare both options.

Advantages of Mutual Funds
Diversification: Spreads risk across many investments.

Lower Costs: Generally lower fees than PMS.

Liquidity: Easier to buy and sell units.

Simplicity: Easier to understand and manage.

Disadvantages of PMS
High Costs: Higher fees can eat into returns.

Complexity: Requires understanding of various strategies.

Risk: Higher risk due to concentrated investments.

Recommendation
Considering your current investments, PMS might offer higher returns. However, it also comes with higher risks and costs.

Benefits of Continuing with Mutual Funds and SIPs
Diversification: Reduces risk.

Cost-Effective: Lower fees compared to PMS.

Ease of Management: Simpler to handle.

Drawbacks of PMS
High Fees: Can reduce net returns.

Market Volatility: Subject to high market risks.

Final Insights
Given your diversified portfolio, sticking with mutual funds and SIPs is advisable. They offer professional management with lower costs and risks.

You can consult with a Certified Financial Planner (CFP) to review your portfolio. This will ensure it aligns with your goals for your son's future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9383 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 03, 2025

Money
Dear Sir, I am 62 years old retired person investing MF since 2010. and my MF investments are as follows: Total Investments: 20.58L, Corpus- 41.78, XIRR-14.41%. Details of Investment: 1. SBI Contra Regular: Investments from 2010 to 2024, presently suspended. Invest. amount- 4.83L, Corpus-19.02L, XIRR-17.3%. Present SIP- 50K since 3-4 years 1. Parag Parikh Flexi cap, direct - 10K 2. HDFC Balanced Advantage, direct- 20K 3. HDFC Retirement Saving, direct - 5K 4. Navi Nifty 50 Index, direct - 5K 5. Kotak Nifty Next 50 Index- 5K 6. Motilal Oswal Nifty 500 Momentum 50, direct -5K, Time horizon- my whole life I am planning to withdraw 10% of corpus from SBI Contra Regular and invest in Flexi Cap/ Balance advantage Funds. I have sufficient amount in FD, Post Office SCCS, PO MIS, LIC Ret. Pension, SBI Life Pension, NPS and EPF Higher Pension which will take care of my expenses. Also have health insurance. My children are married and working. My investment objective is to gift these investments to my son and daughter. Please suggest your views on portfolios. With Thanks & Regards, S. Salvankar
Ans: I appreciate your dedication to investing since 2010 and your clear goal to gift these investments to your children. Let’s assess your portfolio and offer a 360-degree review.

Your Current Investment Picture

You have Rs 20.58 lakhs invested in mutual funds.

Your corpus is Rs 41.78 lakhs now.

Your overall XIRR is 14.41%, which is very good.

You have a good mix of SIPs and lumpsum investments.

You have also diversified across different mutual fund types.

Your regular SIP of Rs 50,000 shows your disciplined approach.

Your Other Savings and Financial Security

You have enough in FD, Post Office SCCS, PO MIS, LIC Pension, SBI Life Pension, NPS, and EPF Higher Pension.

These sources will cover your living expenses and medical needs.

You have health insurance to take care of future health costs.

Your children are settled and financially secure.

This lets you take a long-term view for your mutual fund investments.

Portfolio Evaluation and Insights

Your portfolio has grown steadily over the years.

Your best-performing investment is in SBI Contra Regular, with 17.3% XIRR.

You are considering withdrawing 10% of SBI Contra Regular to invest in Flexi Cap / Balanced Advantage Funds.

You also have direct mutual fund schemes in your portfolio.

Let’s now analyse these areas in detail.

Direct Mutual Funds vs Regular Funds

You hold direct mutual funds.

Direct funds need your own time and knowledge to manage well.

They don’t give you personal guidance or review of your portfolio.

Market situations change, and rebalancing needs to be done.

If you invest through regular funds via a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) credential, you get continuous help and monitoring.

The CFP’s insights will help you with tax planning, rebalancing, and goal-based investing.

Direct funds don’t give you this personal, professional support.

Hence, I suggest you consider switching your direct funds to regular funds with the support of an MFD and a CFP.

Disadvantages of Index Funds

Your portfolio has index funds like Navi Nifty 50 Index, Kotak Nifty Next 50 Index, and Motilal Oswal Nifty 500 Momentum 50.

Index funds just copy the index.

They do not beat the market. They only match it.

During market crashes, index funds fall without protection.

Actively managed funds have a professional fund manager.

They use in-depth research to try to outperform the market.

These funds can manage risk better in bad markets.

Actively managed funds also use tactical asset allocation to protect your money.

For your long-term family gifting goals, actively managed funds are better.

Your Withdrawal Plan

You plan to withdraw 10% of SBI Contra Regular and invest in Flexi Cap / Balanced Advantage Funds.

This is a good plan as you are taking out some profit and putting it in diversified funds.

Flexi Cap Funds and Balanced Advantage Funds are managed actively.

They will give you better risk management.

This will also help you reduce concentration risk in your portfolio.

Keep this 10% withdrawal as a staggered plan.

Don’t do it all at once.

Spread it over a few months to average out market ups and downs.

Suggested Approach for Your Portfolio

Keep your core portfolio in actively managed diversified funds.

Continue your SIP in actively managed funds for long-term growth.

Slowly reduce your exposure to index funds over time.

Move money from index funds to actively managed funds.

Balanced Advantage Funds are good to balance equity and debt.

Flexi Cap Funds are good for flexibility across large, mid, and small caps.

You can keep a mix of Flexi Cap Funds and Balanced Advantage Funds.

They will help reduce risk and improve returns.

Asset Allocation Review

Even though you are financially secure, asset allocation is still key.

Maintain a healthy balance between equity and debt.

This ensures that if the market goes down, you are protected.

If your equity allocation is above 60%, bring it down to around 50-55% gradually.

Keep the rest in balanced advantage or conservative hybrid funds.

This keeps your investments stable and growing.

Tax Planning for Mutual Funds

You are likely to withdraw some money from SBI Contra Fund.

Remember, as per the new rules, for equity mutual funds, LTCG above Rs 1.25 lakh is taxed at 12.5%.

Short-term capital gains are taxed at 20%.

You may want to stagger your withdrawals to keep gains below Rs 1.25 lakh each financial year.

This will help reduce your tax liability.

A CFP can help you plan these staggered withdrawals better.

Estate and Gifting Planning

You want to gift your investments to your children.

This is a thoughtful and loving gesture.

For gifting, you can keep your investments in your own name.

When you pass away, the investments will go to your children as per your nomination.

It’s good to update your mutual fund nominations.

Also, create a simple Will to say who will get which investment.

This will make it easy for your children to claim them later.

If you want, you can make joint holding in mutual funds with your children.

Joint holding makes the transition smoother.

Discuss this with a lawyer or CFP if you need guidance.

Review of Other Investments

Your FD, Post Office SCCS, PO MIS, LIC Pension, SBI Life Pension, NPS and EPF Higher Pension give you a strong foundation.

They ensure you don’t need to worry about regular cash flow.

You can keep them as they are for safety and steady income.

They will also help in emergencies.

Health Insurance and Emergency Corpus

You already have health insurance, which is very good.

Keep reviewing your health cover every 2-3 years.

If medical costs go up, top up your health cover.

Keep an emergency fund equal to at least 12 months of your expenses in a safe place.

This gives you peace of mind and stability.

Periodic Portfolio Review

Even if you don’t need this money, it is good to review your portfolio every year.

See if your funds are doing well.

If any fund is not performing well for 2-3 years, consider moving to a better fund.

Don’t chase short-term performance.

Focus on steady and consistent growth.

Role of a Certified Financial Planner

Your investments are for your children’s future.

A CFP will help you plan this carefully.

A CFP will guide you on estate planning, nomination, and taxes.

A CFP will give you an unbiased view and ongoing monitoring.

This personal guidance is very valuable as market and rules keep changing.

Avoid Insurance-Cum-Investment Products

You mentioned LIC Retirement Pension, SBI Life Pension, NPS.

These are fine for basic retirement security.

But in future, avoid investing in insurance-cum-investment products like ULIPs.

They have high charges and low returns.

Mutual funds are more transparent and flexible.

Finally

Your portfolio is strong and well planned.

Your disciplined SIP approach is very good.

Switching direct funds to regular funds with CFP support will give you better management.

Reducing index funds and focusing on active funds will improve your returns.

Keep your estate planning up to date with nominations and a Will.

Don’t worry about short-term market changes.

Your children will benefit from your patient and thoughtful investing.

Keep learning and reviewing your investments with a CFP to keep them future-ready.

If you need help with switching your direct funds or making an estate plan, let me know.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

Ramalingam

Ramalingam Kalirajan  |9383 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 23, 2025

Money
Dear Nitin Sir, I am 63 years old retired person investing MF since 2010. and my MF investments are as follows: Total Investments: 21.16L, Corpus- 43.31, XIRR-14.63%. Shares- 3.3L Details of Investment: 1. SBI Contra Regular: Investments from 2010 to 2024, presently suspended. Invest. amount- 4.83L, Corpus-19.32L, XIRR-17.4%. Present SIP- 55K since 3-4 years 1. Parag Parikh Flexi cap, direct - 10K 2. HDFC Balanced Advantage, direct- 20K 3. HDFC Retirement Saving, direct - 5K 4. Navi Nifty 50 Index, direct - 5K 5. Kotak Nifty Next 50 Index- 5K 6. Motilal Oswal Nifty 500 Momentum 50, direct -5K, Motilal Oswal Mid Cap , Direct -5K Time horizon- 15+ years Also I am planning to withdraw about 10% of corpus (to get benefit of LTCG) from SBI Contra Regular and invest in Flexi Cap/ Balance advantage Funds. I have following other investments. Bank FD - 40L PO SCCS- 30L PO MIS - 4.5L NPS Investment- 10L PPF- 15L Health Insurance- 8L EPF/SBI Life / LIC Superannuation Pension- 28K/Month My children are married and working. My investment objective is to gift these (MF + Share) investments to my son and daughter after say 15 years. Please suggest your views on portfolios. With Thanks & Regards, S. Salvankar
Ans: You have done a wonderful job by staying disciplined with mutual fund investments for over a decade. A long-term equity investment, especially post-retirement, shows patience, understanding, and commitment. Your detailed summary shows thoughtful planning and systematic execution. Let me now assess your portfolio and investment approach from a 360-degree perspective, keeping in mind your future gifting goal.

Overall Portfolio Structure
Your investments are diversified across:

Equity mutual funds

Direct shares

Fixed income avenues like Bank FD, Post Office schemes, PPF, NPS

Pension income

Health insurance

You have a clear goal — to pass on your equity investments to your children after 15 years. This is a beautiful long-term wealth gifting intention. Your time horizon also aligns well with equity investing. However, there are a few areas where your strategy can be refined.

Mutual Fund Portfolio – Positives
You started investing early and have stayed invested for over 14 years.

Your corpus of Rs. 43.31L on Rs. 21.16L investment shows consistent and high-quality compounding.

An XIRR of 14.63% is an excellent achievement over this long horizon.

SIP of Rs. 55K/month at this age is bold and forward-looking.

You have spread your SIP across different fund categories.

This portfolio reflects long-term wealth-building behaviour and commitment.

Review of Your Current Equity Mutual Fund Portfolio
Let’s look at the structure of your mutual fund investments:

SBI Contra Regular

Strong long-term performer.

Investment since 2010, paused now.

XIRR of 17.4% is remarkable.

You have rightly held it for long, giving the fund time to deliver.

Parag Parikh Flexi Cap (Direct)

HDFC Balanced Advantage (Direct)

HDFC Retirement Saving (Direct)

Navi Nifty 50 Index (Direct)

Kotak Nifty Next 50 Index (Direct)

Motilal Oswal Nifty 500 Momentum 50 (Direct)

Motilal Oswal Mid Cap (Direct)

These SIPs show diversification across flexi-cap, hybrid, thematic, index, and mid-cap segments.

However, let me highlight a few critical areas for improvement.

Disadvantages of Direct Funds
You are investing in direct funds. But this may not be ideal, especially for retired investors.

Direct funds need regular performance tracking.

You miss personalised guidance from a Certified Financial Planner (CFP).

If the fund underperforms, you may not exit at the right time.

Asset allocation or rebalancing will not happen without expert help.

Retirement stage needs proactive reviews, not reactive responses.

Regular plans through an MFD-CFP come with professional oversight, tailored advice, and peace of mind. Over a 15-year period, right allocation matters more than a slightly lower expense ratio.

Index Funds in Your Portfolio – A Critical View
You have allocated part of your SIP to:

Navi Nifty 50 Index

Kotak Nifty Next 50 Index

Motilal Oswal Nifty 500 Momentum

While these funds seem low-cost, they lack active human intelligence.

Why Index Funds May Not Suit You:

Index funds blindly copy the index.

No flexibility to manage downside risk.

They cannot avoid overvalued stocks.

Momentum themes work only in certain phases.

Recovery in falling markets may take longer.

They are not suitable for legacy or wealth transfer goals.

You need funds that can manage volatility and aim for consistent returns. Actively managed funds with a good track record serve this better.

Portfolio Restructuring Recommendations
Based on your current scenario and gifting goal, here are my suggestions:

Switch From Index Funds
Gradually exit all index fund SIPs.

Redeploy this into actively managed flexi-cap and balanced advantage funds through a regular plan.

Select AMC schemes that have a consistent 10-year+ track record.

Pause Retirement-Specific Funds
HDFC Retirement Saving is tax-locked.

Once lock-in ends, consider shifting to a more suitable long-term fund.

Reduce the Number of Funds
Too many small SIPs lead to portfolio clutter.

Concentrate into 3 to 4 well-managed funds.

Ensure each fund has a distinct mandate — not overlapping in strategy.

SBI Contra Withdrawal Plan
You are planning to withdraw 10% of your SBI Contra corpus to realise long-term capital gains.

This is a wise move, considering tax implications.

MF Tax Rule You Should Note:
LTCG above Rs. 1.25L is taxed at 12.5% now.

You can withdraw up to Rs. 1.25L of gains every year, tax-free.

Systematically redeem in phases to avoid bulk taxation.

Redeploy these proceeds into flexi-cap or balanced advantage regular plans. This will keep the compounding cycle intact.

Direct Shares Holding
You have Rs. 3.3L in shares. Please consider:

Are these high-quality companies with stable track records?

Do you monitor and rebalance them?

If not, better to switch to diversified mutual funds.

A CFP can help review the stock portfolio.

Fixed Income Portfolio Assessment
You hold:

Rs. 40L in Bank FDs

Rs. 30L in Post Office Senior Citizen Savings Scheme

Rs. 4.5L in PO MIS

Rs. 15L in PPF

Rs. 10L in NPS

This is a conservative, capital-protected allocation, which is perfect at your age.

You are earning:

Rs. 28,000 monthly pension

Likely interest income of Rs. 4 to 5L annually

There is enough buffer to manage regular expenses, with no pressure on equity withdrawals.

Please ensure the following:

Stagger maturity of FDs to avoid reinvestment risk.

Reinvest matured PO schemes into safer debt funds or hybrid funds with moderate risk.

Do not add more money to NPS now. It will become illiquid and taxable on withdrawal.

Health Insurance Review
You have a health cover of Rs. 8L. Please ensure:

It includes critical illness cover.

It has cashless facility in your nearest hospital.

Policy continues till age 80+.

Premiums are paid on time.

If needed, explore super top-up policies to enhance coverage at a low cost.

Estate Planning and Gifting to Children
You plan to gift the entire mutual fund and stock corpus to your children after 15 years.

This is thoughtful and visionary. To do it smoothly, please:

Write a Will now, clearly assigning MF and stock assets.

Nominate your son and daughter correctly in each folio.

Keep them informed about your investments.

Review the Will every 3-4 years.

Maintain a simple tracker sheet with folio details, nominee names, and login info.

Also consider creating a trust, if you want to manage transfer gradually. A CFP can help you plan this smoothly.

Risk and Volatility Review
Even though you have 15+ years, equity markets remain volatile in short periods.

Please review your risk:

Avoid high exposure to mid-cap or momentum-based funds.

Stick to large-cap biased flexi-cap and balanced advantage funds.

Ensure debt-equity balance is maintained (ideally 30-35% in equity for now).

Review asset allocation annually with a CFP.

This approach will protect the wealth you are building for your children.

Action Plan Summary
Here is what you can do step-by-step:

Exit index funds gradually.

Stop direct fund SIPs and move to regular funds via CFP-guided MFDs.

Reduce mutual fund count and consolidate.

Withdraw small gains from SBI Contra yearly.

Pause fresh NPS investment.

Monitor health insurance coverage closely.

Nominate children and write a proper Will.

Maintain asset allocation of 65-70% debt, 30-35% equity.

Review portfolio every year.

Finally
Your portfolio reflects clarity and long-term vision.

But direct funds and index funds may hinder that vision.

Let a Certified Financial Planner (CFP) work with you, just like a family doctor. They’ll help protect and grow your wealth till the time you gift it.

Investing with expert review ensures peace of mind, emotional security, and legacy fulfilment.

You have built a solid base — now protect it with structure, consolidation, and clarity.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Latest Questions
Adarsh

Adarsh Rai  |12 Answers  |Ask -

HR, Leadership coach - Answered on Jul 03, 2025

Asked by Anonymous - Jun 11, 2025Hindi
Career
Hi. I am currently 29. Married with no kids. Wife not earning. Planning for a kid this year. Monthly earning 60k post tax. Have savings of 2 lakhs. Have personal loan of 9 lakhs. Monthly expenses 40k including emi's. I have lost interest in job and I don't want to work anymore. I want to do business which can give monthly 50 to 60k income. Max I can invest 2lakhs. Is there any business which I can start with 2 lakhs and generate monthly income of 60k ? I am frustrated with working under an employer. I want to start my own venture. Please suggest.
Ans: Spandan, pause before you mail the resignation.

Your maths
60 k take-home
40 k spends (15 k of that is EMI on a 9 L loan)
→ 20 k buffer

A newborn will nudge monthly costs up by 8-10 k. Cash cushion shrinks fast.

So the plan must earn while you learn, not leap blind.

Keep the paycheck six more months.
Use evenings to test micro-ideas. Risk stays capped at ?0 for now.

Choose a “cash-this-month” niche, not a moon-shot.
Pick work that turns inventory ≤ ?50 k into sales inside 30 days.

Tiffin + office snacks (two dishes, 40 boxes) - ?25 k utensils, ?10 k FSSAI, ?5 k flyers - ?120 per box × 40 = ?4.8 k /day

Amazon / Flipkart reselling (phone cases, cables) ?40 k stock, ?15 k ads 25 % net margin on ?2 L monthly sales = ?50 k

Weekend print-on-demand & personalised gifting kiosk ?45 k heat-press kit (other options are there too) ?300 profit per mug × 200 pcs → ?60 k Bring Your Mug - Take Away Memories.

Local social-media management for clinics & salons ?0 gear, ?3 k Canva Pro ?8 k-?12 k per client; 6 clients hit target

None need heavy staff or rent. All can run beside your day job.

Set one simple goal: ?15 k profit by Day-30.
Hit it twice, raise target to ?35 k. Only when side income beats salary three months straight do you quit.

This is critical - Plug leaks early. Refinance personal loan to longer tenor; shave EMI to ~?10 k.

Park 1 L of savings in an emergency account—no touch.Skill up tiny, daily.
Watch a YouTube on ad copy, take a WhatsApp course on GST filings. Low cost, immediate payback.

Start small, sell fast, reinvest every rupee. Freedom comes, but by steps, not by one loud jump.

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x