Dear guru, I have been investing in regular mutual funds (both lumpsum and SIP) since 2014 through an agent whose is a family friend. Recently my wife told me about the hude difference in returns between sirect and regular plans. I am grateful to the agent for getting me an XIRR of 18% on my investment but at the same time I believe I have paid him enough commission for his services. 1 have 2 questions: 1. How much will I loose if i continue with regular plans for another 5 years? 2. How do I switch to direct plans without denting his commission too much? Thank you, Anand, Delhi

Ans: Dear Anonymous,
Learn the skill of staying away from all this drama. If you felt secure with who you are, you wouldn't think much whether you got invited or not. Do remember, people will be on your side sometimes and not on your side at other times. This goes for friends are family; so learn to be comfortable with that...
What you did for your grandmother is a choice that you made; why expect anything in return?
Life lived with least expectations is certainly a happier life...counting what people did or didn't do will take away your peace!
Real strength is not in fighting it out but knowing when to walk away from constant drama.

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

Ans: Yes. If a candidate fails to produce the required cast/EWS certificate, he/she will be automatically considered as belonging to the general category. No option remains for the student to take admission via the general/open category if he/she qualifies with the required score.

Good luck.
Follow me if you receive this reply.
Radheshyam

Ans: You are supposed to ledge a formal request or complaint with the bank for recovery of your funds. If no response is received, you may write to Banking Ombudsman of your grievance. They shall take care of your problem.
Most Welcome for further clarifications, if any. Thanks.

Ans: Gift to daughter or her spouse (Relative) is exempt from income tax. Amount may be transferred to her son-in-law, without any tax implications.
Most Welcome for further clarifications, if any. Thanks.

Ans: Dear Anonymous,
When emotionally immature people feel cornered, usually you will find them blaming the other person for what goes wrong. Twisting story is a form of protecting themselves so that they don't have to face the consequences. Your husband is doing this! Is this a red flag; YES, it is but not one that is alarming.
Either you try to communicate how this makes you feel OR talk to another person who can help you two communicate.
Most marriages end up in loops only because either or both of the partners is not willing to communicate in a manner that can sort problems. Instead, there is a lot of ego tussles that come in the way...so, either thw two of you learn to sort this amicably or go to a professional who can guide you...

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

Ans: Yes. No problem

Ans: JEE Main form bharne mein koi dikkat nahi hogi.

Ans: Your question shows great care for your financial future. Many retirees ignore this step. You have already taken a wise move. You want steady income. You want safety. You want long life for your money. These are very important points. I truly appreciate your clarity.

» Understanding your present plan
Your idea is simple. You have Rs 1 crore. You want Rs 40000 each month. This means Rs 4.8 lakh each year. That is 4.8 percent of your money. This is not very high. This is not very low. It sits in the middle range. Many retirees try for 7 or 8 percent. That can put pressure on the portfolio. Your 4.8 percent is more reasonable. It supports discipline. It keeps stress low.

Your idea is for 15 years. That is a good time frame. It gives space for your funds to grow. It gives time for market cycles. It also gives time for inflation adjustments.

» Why withdrawal rate matters
Your SWP rate decides how long your money will last. A high rate can drain funds soon. A very low rate may not support your monthly needs. Your 4.8 percent sits well. It balances life needs and portfolio health.

When you draw money from a mixed portfolio, the growth side helps refill your withdrawn money. The stability side helps reduce fall during bad years. This mix helps the SWP stay steady.

» Why a proper structure is important
A SWP is not only a monthly withdrawal. It is a full system. The system needs planning. It needs regular reviews. It needs a clear asset split. It needs a cushion for weak market years.

If you set this structure well now, your SWP can stay safe. Your money can stretch for many years. You can keep peace of mind.

» The importance of a balanced mix
Your portfolio may hold equity funds, hybrid funds, and debt funds. A clear mix reduces risk. It gives smooth cash flow. Equity gives growth. Debt gives steady flow. Hybrid gives balance.

Because you want monthly income for 15 years, you need a balance that supports steady SWP. A pure equity plan can shake too much. A pure debt plan may not grow at a good pace. A balanced mix is ideal.

» Equity funds need careful use
Some investors put large money in equity for SWP. This can work in strong markets. This can fail in weak markets. Your SWP must survive both market moods. That is why pure equity for SWP is not safe.

Also, you should prefer actively managed funds over index funds for long SWP. Index funds follow the index blindly. They do not manage risk actively. They cannot adjust to market cycles. Actively managed funds have a professional fund manager. A skilled manager helps in limiting risk in low years. This helps protect principal in SWP years. This support is not present in index funds.

» Debt funds form the stabiliser
Debt funds bring peace to the portfolio. They help during bad market years. They help the SWP stay steady. Because debt funds follow market rates, they work as the anchor. For SWP, this anchor is very helpful.

If you use direct debt funds, you must remember that direct funds need more tracking. They need active reviews by you. Many retired investors find this hard. Regular plans taken through a qualified Mutual Fund Distributor with CFP skill provide guidance. Regular plans also give handholding. This handholding helps avoid wrong exits.

» How to view your Rs 40000 monthly need
You may need some money for basic needs. You may need some money for health care. You may need some money for family support. You may need some money for personal comfort. Rs 40000 per month seems a balanced number.

It does not put too much pressure on the money. It is not a very heavy load. It fits well with a Rs 1 crore fund.

» Inflation needs attention
Inflation will rise. Costs will rise. Your need will rise. Your SWP should rise slowly over time. You cannot fix your SWP for 15 years at one number. That may reduce your buying power.

A small rise every two or three years will help you beat inflation. This rise must be slow. It must match your portfolio growth.

» Risk of sharp market falls
Sharp falls can disturb SWP. A sudden big drop in equity value can pull down your portfolio. This may cause you to withdraw when market is low. That is not good. To fix this, you need enough stability in your mix.

A proper allocation in debt funds and hybrid funds can reduce this issue. You will get smoother cash flow. You will not have to worry about market news every day.

» Role of emergency money
Please keep an emergency amount. Keep this aside. Do not include it in your SWP plan. You may need money for urgent health needs. You may need money for home needs. Emergency funds help you avoid sudden selling.

A good emergency fund gives peace. It protects your SWP from sudden shocks.

» Tax rules for withdrawals
Every SWP withdrawal may include some gains. Tax will apply based on the type of fund and the gain period. This tax can have impact on net flow. You must plan for this in your withdrawal design.

Equity fund rules:

Gains under one year are short-term. These are taxed at 20 percent.

Gains above one year are long-term. Long-term gains above Rs 1.25 lakh are taxed at 12.5 percent.

Debt fund rules:

Both short-term and long-term gains are taxed as per your tax slab.

This tax part should not scare you. A proper plan can reduce the tax burden. A planned SWP can help you manage gains carefully.

» Why a Certified Financial Planner helps
You may handle small things by yourself. But retirement planning is delicate. One wrong move can disturb the whole plan. A Certified Financial Planner gives a clear road map. He helps you set the best mix. He reviews the plan every year. He adjusts the plan for market and life events.

This guidance is very useful in SWP because SWP needs discipline.

» Why not consider real estate
Some retirees think of using real estate for income. But real estate needs heavy work. It needs tenant work. It needs repair work. It needs legal care. It gives lumpy income. It gives no steady flow. So it is not fit for SWP planning.

Your present goal is steady income. Real estate will not give this.

» Why not consider annuities
Annuities give fixed income. But they lock your money. They give low returns. They do not beat inflation well. They reduce flexibility. For these reasons, they are not ideal for your long-term income.

Your idea of SWP with balanced mix is better.

» Keeping your portfolio healthy for 15 years
To keep your portfolio safe for 15 years, you must follow some habits:

Review every year with a Certified Financial Planner.

Adjust asset mix if needed.

Increase SWP amount slowly.

Reduce SWP for one or two years if markets fall very deep.

Protect your money from emotional moves.

Keep a two-year buffer in a low-risk fund.

Keep your growth part running for long.

These habits help your money last for the full 15-year horizon.

» Regular review helps you adapt
Markets will change. Your health may change. Your needs may change. A yearly review will help align your plan. It will help spot issues early. It will help guide the next year’s SWP.

Without reviews, even good plans can fail.

» Why a two-year cushion helps
A cushion fund is a simple idea. Keep two years of SWP in a low-risk debt fund. This money helps you draw income even in bad market years. You will not need to sell equity in weak phases. This protects your overall money. This makes your SWP more stable.

This cushion fund is an extra shield. It supports your 15-year income plan.

» Role of diversification
Your SWP works best when your portfolio is spread well. A spread can include:

Actively managed equity funds.

Hybrid funds.

Debt funds.

This spread reduces risk. It gives smoothness. It supports long-term income.

Avoid using too many funds. Keep it simple. A small number of quality funds is better.

» How your 4.8 percent looks in practice
A 4.8 percent withdrawal rate is comfortable for a 15-year horizon. If you follow discipline, your money will not face heavy pressure. If your portfolio grows at a steady pace, your principal will not erode fast. Even if growth shifts between years, the mixed structure will protect you.

Your plan is workable. It is sensible. It is future-friendly.

» Mistakes to avoid
Here are some mistakes you should avoid:

Do not chase high-return funds.

Do not raise SWP sharply in one year.

Do not keep too much money in equity.

Do not stop reviews.

Do not shift funds often without reason.

Do not look at direct plans if you prefer guidance.

These mistakes can disturb your portfolio health. Your SWP may suffer.

» Why not use direct funds if you need support
Direct plans give lower cost. But they give no guidance. Retired investors often need guidance. They need reviews. They need discipline. A regular plan through a qualified Mutual Fund Distributor with CFP skill gives support. It prevents panic reactions. This support is valuable in low market years.

» Healthy mindset for SWP
Try to see your SWP as a long journey. It needs calm mind. It needs steady steps. It needs slow corrections. It needs patience. If you stay steady, your SWP will stay healthy. You will enjoy peace.

» Practical steps you can start now
You may start with these steps:

Set clear needs for each year.

Fix a proper asset split.

Create a cushion fund for two years.

Start SWP from a low-risk fund or hybrid fund.

Keep equity for growth.

Add small hikes in SWP every few years.

This system supports long-term income.

» How your plan supports a joyful retired life
Your plan helps you live with comfort. It gives predictable cash flow. It gives you freedom from worry. It gives you clarity. You can focus on health, family, and peace. You do not need to watch markets each day.

Your retirement life becomes balanced.

» Final Insights
Your idea of taking Rs 40000 per month from a Rs 1 crore portfolio at 4.8 percent is workable. It fits well for a 15-year horizon. It supports your income. It protects your money if you set a balanced mix. You must follow steady reviews. You must keep a small cushion. You must avoid risky moves.

With these practices, your SWP plan can stay healthy for many years. Your future can stay peaceful and steady. You have already taken the right first step. Your clarity gives your plan strong power.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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

Ans: Hi Dr.
Recently, I've seen many different comments on social media suggesting that finding a job after completing an MBBS is very difficult, with some graduates even working as delivery boys.

I believe MBBS is one of the few courses that allows for immediate entrepreneurship after graduation, while other fields often require additional support to start a business. Many medical shop owners are willing to provide a small space for consultations, which is not typically an option for graduates in other disciplines.

If you are financially constrained, it may be wise to stop after completing your MBBS degree for the time being. However, pursuing a postgraduate degree (PG) significantly increases your opportunities, including potential roles in the pharmaceutical industry. Without a PG, your options may be limited. It's akin to the difference between a normal grocery store and a supermarket: completing a PG can lead to positions in corporate medical hospitals.

Initially, you might consider working at a smaller practice or in the government sector before pursuing higher education. While having an MBBS degree allows you to offer consultations, having a PG provides you with more credibility and knowledge. Understand your strengths and weaknesses, and don’t worry about others—proceed based on your own abilities and circumstances.
BEST WISHES.