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45-Year-Old Father Seeks Financial Advice for Early Retirement

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 29, 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
vilas Question by vilas on Aug 21, 2024Hindi
Money

Hello Madam, I'm a 45-year-old father of 15 years boy.I am working in manufacturing sector.My salary is 125000 per month.I have monthly SIP of 10000 for 20 years. I want to get retire by 55 with a corpus of 2cr..Can you please suggest me what must be SIP monthly to achieve the target?.

Ans: you are planning to retire in 10 years at the age of 55. Your target is to accumulate Rs 2 crore by that time.

This is a well-thought-out goal, considering your family responsibilities. However, achieving this target requires careful planning and disciplined investing.

Evaluating Your Current Investment Strategy
You are already investing Rs 10,000 per month in SIPs for 20 years. This is a good start, but let’s evaluate if it aligns with your retirement goal.

Investment Horizon: You have 10 years left until retirement. This period will determine your investment strategy.

Existing SIP: Investing Rs 10,000 monthly for 20 years is commendable. However, considering your target, you may need to increase your SIP amount.

Rate of Return: Assuming a reasonable rate of return on your investments, the current SIP might not be enough to reach Rs 2 crore in 10 years. Let's explore how you can adjust your SIPs to bridge this gap.

Assessing Your Risk Tolerance
Your risk tolerance is crucial in determining the right investment strategy. Since you have a fixed timeline of 10 years, your risk tolerance will guide your investment choices.

Moderate Risk: At your age, you might have a moderate risk tolerance. This means you can invest in a mix of equity and debt.

Higher Risk: If you are comfortable with higher risk, you might consider increasing your exposure to equity. Equity investments typically offer higher returns but come with greater volatility.

Lower Risk: If you prefer stability and lower risk, a higher allocation to debt funds might be suitable. However, this might require a higher SIP amount to achieve your target.

Benefits of Actively Managed Funds
While index funds and ETFs are often recommended, actively managed funds offer certain advantages that might suit your goals better.

Higher Potential Returns: Actively managed funds have the potential to outperform the market. The fund manager's expertise can result in higher returns, which is essential when you have a fixed target.

Flexibility: These funds can adjust their portfolios based on market conditions. This can help in managing risks better.

Professional Management: By investing through an MFD with CFP credentials, you benefit from professional guidance. They can help select funds that align with your goals and risk tolerance.

Given your retirement goal, actively managed funds might be more suitable. They offer a better chance of achieving your Rs 2 crore target within the next 10 years.

Disadvantages of Direct Mutual Funds
Direct mutual funds might seem attractive due to their lower expense ratio, but they come with certain disadvantages.

Lack of Guidance: Without the support of a Certified Financial Planner, you might miss out on professional advice. This could lead to poor fund selection and management.

Time-Consuming: Managing direct funds requires constant monitoring and rebalancing. This can be challenging, especially with a busy work life.

Potential for Mistakes: Without professional help, you might make mistakes in timing the market or choosing the wrong funds. This could impact your ability to achieve your target.

By opting for regular funds through an MFD with CFP credentials, you ensure that your investments are managed professionally, aligning with your financial goals.

Calculating the Required SIP
To reach a corpus of Rs 2 crore in 10 years, you might need to increase your SIP amount. Let's consider some factors:

Investment Horizon: You have 10 years left to reach your goal.

Expected Return: A balanced portfolio might provide returns between 10% to 12% per annum.

Inflation: Consider the impact of inflation on your corpus. Your Rs 2 crore target should be inflation-adjusted to ensure it meets your retirement needs.

Without using specific calculations, I suggest that you consult with a Certified Financial Planner. They can provide a detailed analysis and recommend the exact SIP amount required to meet your target.

Importance of Portfolio Diversification
Diversification is essential in managing risk while aiming for higher returns. A well-diversified portfolio will include a mix of asset classes.

Equity Funds: These provide growth and can help you reach your target faster. Consider actively managed equity funds with a good track record.

Debt Funds: These offer stability and protect your corpus from market volatility. A mix of short-term and medium-term debt funds might be ideal.

Hybrid Funds: These provide a balanced approach by investing in both equity and debt. They can help in managing risk while offering decent returns.

A diversified portfolio can help you achieve your retirement goal while managing risks effectively.

Regular Review and Rebalancing
Your investment strategy should not be static. Regular review and rebalancing are essential to stay on track.

Annual Review: Review your portfolio at least once a year. This helps in assessing whether you are on track to meet your retirement goal.

Rebalancing: If your portfolio drifts from the original asset allocation, consider rebalancing. This ensures that your investments align with your goals and risk tolerance.

Adjusting SIP Amount: As you get closer to retirement, consider adjusting your SIP amount. You might need to increase it if your investments are not performing as expected.

Regular monitoring helps in adapting to market changes and ensures that you stay on track to achieve your retirement goal.

Emergency Fund: A Crucial Safety Net
Before increasing your SIPs, ensure that you have an emergency fund in place. This fund should cover at least 6 to 12 months of your expenses.

Liquidity: Keep this fund in a liquid investment like a savings account or liquid fund. This ensures quick access to cash in case of emergencies.

Financial Security: An emergency fund provides a safety net, protecting your investments from unexpected withdrawals.

Having an emergency fund in place ensures that your retirement plan remains intact even during unforeseen circumstances.

Finally
Achieving a retirement corpus of Rs 2 crore in 10 years requires careful planning, disciplined investing, and regular monitoring. By increasing your SIP amount, focusing on actively managed funds, and maintaining a diversified portfolio, you can reach your goal.

Consult with a Certified Financial Planner to get personalized advice and ensure that your investment strategy aligns with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in
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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Hello Sir, My current age is 45 yrs & take home salary is 1.5 Lacs , i want to retire at the age of 60 with 5cr corpuses..please suggest SIPs & MF
Ans: It's great to see your proactive approach towards retirement planning. Achieving a corpus of 5 crores by the age of 60 is an ambitious yet achievable goal with proper planning and disciplined investing. Here are some suggestions for SIPs and mutual funds to help you work towards your retirement goal:

Determine Investment Amount:
Start by assessing how much you can comfortably invest each month towards your retirement goal. Since you're aiming for a substantial corpus, consider maximizing your SIP contributions to the extent possible.
Selecting SIPs:
Opt for a diversified portfolio of mutual funds across various categories such as large-cap, mid-cap, small-cap, and flexi-cap funds.
Allocate your SIP investments based on your risk tolerance, time horizon, and investment objectives.
Consider SIPs with a consistent track record of delivering above-average returns over the long term.
Recommended Mutual Funds:
Large-cap funds: These funds invest in established companies with stable track records and are relatively less volatile.
Mid-cap and small-cap funds: These funds have the potential to generate higher returns over the long term but come with higher volatility. Invest in them cautiously.
Flexi-cap funds: These funds offer flexibility to invest across market capitalizations based on market conditions and fund manager's discretion.
Consider SIPs in reputable mutual fund schemes with a proven track record of wealth creation and consistent performance.
Consultation and Review:
It's essential to periodically review your investment portfolio and make adjustments based on changing market conditions, financial goals, and risk appetite.
Consider consulting with a certified financial planner who can assess your financial situation, risk tolerance, and investment goals to provide personalized recommendations.
Discipline and Patience:
Remember that achieving long-term financial goals like retirement requires discipline, patience, and regular monitoring of your investments.
Stay committed to your SIPs, avoid succumbing to short-term market fluctuations, and focus on the long-term growth potential of your investments.
By adhering to a systematic investment approach, diversifying your portfolio, and staying focused on your retirement objective, you can work towards building a substantial corpus of 5 crores by the time you retire at the age of 60.

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Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 08, 2024

Asked by Anonymous - Jul 31, 2024Hindi
Money
Hi sir, I have net salary of 2.5L per month and am 48 year old with 2 children aged 16 and 14. I have a EPF corpus of 60 lakhs , NPS 20 lakhs, 10L in stocks,MF portfolio of 15L,invest 50k monthly in MF SIPs. I own a house(loan free), have other outstanding loans of 8 lakhs. I have family floater medical insurance with 30L coverage and life cover for 1.5Cr. I wish to retire by age of 50 - pls advise how much corpus do I need at hand to retire.consider my monthly expense as 60-70k
Ans: Current Financial Situation

Your current financial position is strong. You have a good salary and a solid investment portfolio. Owning a loan-free house adds security. Your EPF, NPS, and SIP investments are well-planned. The life and health insurance coverage is also comprehensive. However, retiring at 50 requires careful planning, especially considering your children’s future needs.

Assessing Your Retirement Needs

To determine your required retirement corpus, several factors must be considered:

Monthly Expenses Post-Retirement: Currently, your expenses are Rs. 60k-70k monthly. This will likely increase with inflation. At an estimated 6% inflation rate, your monthly expenses might double in 12 years.

Retirement Age: You plan to retire in two years at 50. This is an early retirement, so your corpus needs to last longer, possibly 35-40 years.

Children’s Education: Your children are 16 and 14. Higher education costs can be significant in the next few years. Allocating funds for their education is crucial.

Lifestyle Post-Retirement: Consider how your lifestyle might change. Will you travel more? Will healthcare needs increase? These factors affect your corpus requirement.

Estimating the Retirement Corpus

Based on your current expenses and future needs, your retirement corpus should be substantial. Here’s a simplified approach to calculating it:

Inflation-Adjusted Expenses: Your current expenses of Rs. 60k-70k monthly could rise to around Rs. 1.2 lakh monthly by the time you retire. Over a 35-40 year retirement period, this requires a significant corpus.

Healthcare Costs: As you age, healthcare costs will likely increase. While your insurance covers a significant amount, out-of-pocket expenses can still be high.

Children’s Future: Your children’s higher education and potential marriage costs must be factored in. This could be an additional Rs. 50-60 lakhs or more.

Lifestyle and Emergencies: Maintaining your current lifestyle and being prepared for emergencies is essential. This could add another Rs. 50 lakhs to your corpus requirement.

Considering these factors, a retirement corpus of approximately Rs. 10-12 crores might be necessary. This should be enough to cover your monthly expenses, healthcare, and any unforeseen costs. This estimate ensures a comfortable and secure retirement, even if you live longer than expected.

Optimizing Your Investments

To reach this corpus in two years, maximizing your investments is critical:

Increase SIP Contributions: Currently, you invest Rs. 50k monthly in SIPs. Increasing this amount, if possible, will help grow your corpus faster.

Focus on Growth-Oriented Funds: With a two-year horizon, investing in funds with higher growth potential can be beneficial. While these are riskier, they offer better returns.

Review Your Portfolio: Regularly review your mutual fund portfolio. Ensure it’s aligned with your retirement goals and risk tolerance.

Debt Reduction: Paying off the remaining Rs. 8 lakh loan should be a priority. Reducing debt will lower your financial burden in retirement.

NPS and EPF Utilization: Your EPF and NPS together amount to Rs. 80 lakhs. These are crucial components of your retirement corpus. However, they may not be enough alone, so continue to build on them.

Healthcare and Insurance Planning

Adequate Coverage: Your current health coverage of Rs. 30 lakhs is good. But, it might not be enough in later years due to rising medical costs. Consider enhancing your coverage or adding a super top-up plan.

Life Insurance: Your Rs. 1.5 crore life cover is substantial. Ensure it’s sufficient to cover your family’s needs if something happens to you before or after retirement.

Retirement Lifestyle and Goals

Post-Retirement Activities: Think about how you want to spend your retirement. If you plan to pursue hobbies or travel, these will need additional funds.

Part-Time Work: If full retirement seems challenging, consider part-time work or consulting. This can supplement your income and keep you engaged.

Final Insights

Retiring at 50 is ambitious, but achievable with careful planning. You should aim for a retirement corpus of Rs. 10-12 crores to cover all your future needs. Maximizing your investments, reducing debt, and planning for healthcare are key steps. Regular reviews with a Certified Financial Planner will help ensure your financial plan stays on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 14, 2024

Money
Hello Madam, I'm a 34 year old mother of 9 years daughter.I am working in IT sector.My salary is 85000 per month.I have monthly SIP of 35,000 for 20 years. I want to get retire by 50 with a corpus of 2cr..Can you please suggest me what must be SIP monthly to achieve the target?
Ans: Assessing Your Current Situation
At 34 years old, you have 16 years until your target retirement age of 50. With a monthly salary of Rs 85,000 and a disciplined SIP of Rs 35,000, you're on a strong path. Your goal is to accumulate Rs 2 crores by retirement. Let's evaluate your current investment strategy and consider any adjustments that might be necessary to reach your target.

Understanding the Power of SIPs
Systematic Investment Plans (SIPs) are a disciplined way to build wealth over time. They allow you to invest small amounts regularly, leveraging the power of compounding. Over a 20-year horizon, SIPs in well-chosen mutual funds can generate significant returns.

Given your current SIP of Rs 35,000 per month, you're already making a substantial commitment. However, to ensure that this strategy aligns with your retirement goals, it's crucial to assess the potential growth of your investments.

Evaluating Your Retirement Goal
Your target of Rs 2 crores by the age of 50 is realistic, but it requires careful planning and monitoring. Let's break down the factors that will influence whether your current SIPs will achieve this goal:

Expected Rate of Return: Mutual funds typically offer varying returns depending on the market conditions and the fund's performance. Historically, equity mutual funds have provided returns ranging between 10% and 15% per annum over the long term. For a conservative estimate, we will assume a return rate of around 12% per annum.

Investment Horizon: With 16 years left until you turn 50, the power of compounding will work in your favor. The longer your investment horizon, the greater the compounding effect, which can significantly boost your corpus.

Estimating the Future Value of Your SIPs
Assuming a 12% annual return over 16 years, your current monthly SIP of Rs 35,000 could grow to approximately Rs 1.44 crores. While this is a significant amount, it falls short of your Rs 2 crore target. This shortfall suggests that an adjustment in your SIP amount or strategy might be necessary.

Adjusting Your SIP Strategy
To bridge the gap between your projected corpus and your retirement goal, consider the following adjustments:

Increase Your SIP Amount:

Current SIP Shortfall: Given the current projection, you're looking at a shortfall of approximately Rs 56 lakhs.
SIP Adjustment: To cover this gap, increasing your SIP amount to around Rs 50,000 per month could help you reach your target. This adjustment will need to be reassessed periodically to ensure it remains aligned with market conditions and your financial situation.
Diversify Your Investments:

While you are already investing a substantial amount in SIPs, consider diversifying your portfolio. Investing in a mix of large-cap, mid-cap, and small-cap funds can spread risk and potentially enhance returns.
Also, consider adding a portion of your investments to debt funds or balanced funds, which provide stability and reduce the overall risk of your portfolio.
Review and Rebalance Regularly:

Regularly reviewing your portfolio is crucial. At least once a year, evaluate the performance of your funds and make necessary adjustments. Rebalancing your portfolio helps to align your investments with your risk tolerance and market conditions.
Consider Increasing SIPs Over Time:

As your income grows, consider increasing your SIPs. Even a 5% annual increase in your SIP amount can significantly boost your corpus over time.
Inflation and Its Impact on Your Goal
Inflation is a critical factor to consider in long-term financial planning. The purchasing power of Rs 2 crores today will not be the same in 16 years. While Rs 2 crores might seem sufficient now, inflation could erode the real value of your corpus by the time you retire.

To safeguard against inflation, it’s wise to aim for a higher retirement corpus. For instance, targeting Rs 2.5 crores or more would provide a cushion against inflation and unexpected expenses during retirement.

Tax-Efficient Investing
To maximize your returns, focus on tax-efficient investments. Equity mutual funds held for over one year are subject to long-term capital gains (LTCG) tax, which is lower than the tax on short-term gains.

Equity-Linked Savings Schemes (ELSS): These funds offer tax deductions under Section 80C and can also be part of your SIP portfolio.
Debt Funds: Consider adding some debt funds for stability and tax efficiency, especially if you foresee a need for liquidity before retirement.
Planning for Contingencies
Life is unpredictable, and it’s essential to prepare for contingencies that might impact your retirement plan. Here are some strategies:

Emergency Fund:

Maintain an emergency fund equivalent to 6-12 months of your expenses. This fund should be liquid and accessible, helping you manage unforeseen events without disrupting your retirement savings.
Insurance:

Ensure you have adequate health and life insurance. Health insurance is vital to cover medical emergencies, while life insurance provides financial security to your family in your absence. Term insurance is typically the most cost-effective option for life coverage.
Review Your Retirement Plan:

Periodically reassess your retirement plan to ensure it remains aligned with your goals and changing circumstances. This includes reviewing your SIPs, insurance coverage, and other investments.
Final Insights
Your current investment strategy reflects strong financial discipline. However, to ensure that you achieve your goal of Rs 2 crores by 50, it may be necessary to increase your SIP amount, diversify your portfolio, and periodically review your investments.

A well-rounded retirement plan considers inflation, tax efficiency, and contingencies. By adjusting your strategy now, you can stay on track to reach your target and enjoy a secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 09, 2024

Asked by Anonymous - Sep 09, 2024Hindi
Money
Hi sir, I have net salary of 2.7L per month and am 46 year old with 2 children aged 12 and 6. I have a EPF+PPF corpus of 65 lakhs , NPS 5 lakhs, 1CR in MF portfolio, invest 50k monthly (Which is on Hold currently) in MF SIPs. I own a house 65L(loan free) & another house 2CR have outstanding loans of 1CR. I have family floater medical insurance with 20L coverage and life cover for 1Cr. I wish to retire by age of 55 - pls advise how much corpus do I need at hand to retire. Consider my monthly expense as 1L
Ans: You are 46 years old with a net salary of Rs. 2.7 lakh per month. You have two children, aged 12 and 6, and a current corpus of Rs. 65 lakh in EPF and PPF, Rs. 5 lakh in NPS, and Rs. 1 crore in your mutual fund portfolio. Additionally, you own two properties, one valued at Rs. 65 lakh (loan-free) and another valued at Rs. 2 crore, with an outstanding loan of Rs. 1 crore. Your current monthly expenses are Rs. 1 lakh, and you have paused your monthly SIP of Rs. 50,000. You also hold a life insurance cover worth Rs. 1 crore and a family floater medical insurance with Rs. 20 lakh coverage.

You plan to retire by the age of 55, which gives you approximately nine years to build a sufficient corpus. Let's explore how much you need to comfortably retire while sustaining your current lifestyle.

Estimating Your Retirement Corpus
To determine your retirement corpus, we need to consider several factors:

Current monthly expenses: Rs. 1 lakh
Retirement age: 55
Post-retirement years: Assuming life expectancy of 85 years, you need to plan for 30 years post-retirement.
Inflation rate: An assumed inflation rate of 6% per year is a reasonable estimate for the future.
Growth rate of investments: Typically, diversified equity mutual funds have delivered around 10-12% returns over the long term.
Based on these factors, your current monthly expenses will increase due to inflation, and you need a corpus that generates enough to cover these rising costs. Since your expenses are Rs. 1 lakh today, they could double or triple over time. Your corpus should be able to sustain this without depleting prematurely.

Breakup of Current Assets
EPF & PPF (Rs. 65 lakh): These are stable, low-risk assets that will help you post-retirement but won't generate high returns.

NPS (Rs. 5 lakh): Provides tax benefits and is specifically designed for retirement savings. It will grow over time but is not highly flexible for withdrawals until retirement age.

Mutual Funds (Rs. 1 crore): This is an excellent foundation for your retirement plan. Equity mutual funds, in particular, have the potential to grow at a faster rate and combat inflation.

Real Estate (Rs. 65 lakh + Rs. 2 crore): While real estate holds value, its liquidity is limited. The house you live in does not contribute to your retirement corpus unless you plan to downsize. The second house has a loan of Rs. 1 crore, and the EMIs for this property must be factored into your pre-retirement cash flows.

Life Insurance (Rs. 1 crore): While it’s important for your family’s protection, this doesn’t contribute to your retirement corpus.

Estimating Your Future Monthly Expenses
Your current monthly expense is Rs. 1 lakh, but due to inflation, this figure will increase. Let’s assume the inflation rate remains at 6%. By the time you retire at 55, your monthly expenses will likely double or triple, reaching anywhere between Rs. 1.7 lakh to Rs. 2 lakh per month. Your retirement corpus should be large enough to generate this amount without running out of funds.

In addition, you’ll have to account for:

Healthcare costs: As you age, medical expenses tend to rise. Even though you have Rs. 20 lakh family floater insurance, post-retirement medical costs not covered by insurance should be factored in.

Educational expenses: Your children’s education could be a significant expense over the next 10 to 15 years.

Corpus Required for Comfortable Retirement
To maintain your current lifestyle, you would need a corpus that generates at least Rs. 2 lakh per month during retirement. Based on a withdrawal rate of 4%, which is commonly used to ensure the corpus lasts for the entirety of your retirement, you’ll need a retirement corpus of approximately Rs. 6 to 7 crore.

This corpus will ensure that you can comfortably cover your rising living expenses, healthcare, and other unforeseen costs without depleting your savings.

Recommendations to Achieve the Corpus
Here’s a detailed plan to help you achieve your target of Rs. 6 to 7 crore before retirement:

1. Resume Your SIP Investments
Restart your monthly SIP of Rs. 50,000 immediately. This is crucial, as equity mutual funds can provide the high returns needed to meet your retirement goal.

Consider increasing your SIP contribution each year in line with salary increments. This will accelerate your corpus growth and help you fight inflation more effectively.

2. Focus on Equity Mutual Funds
Given your long-term horizon (9 years until retirement), equity mutual funds remain the best investment option to grow your wealth. These funds have historically provided higher returns (10-12% CAGR), which will be essential for building your retirement corpus.

Ensure your portfolio is diversified across large-cap, mid-cap, and multi-cap mutual funds for balanced growth and risk.

3. Debt Repayment Strategy
You currently have an outstanding home loan of Rs. 1 crore. It’s advisable to clear this debt as early as possible. Carrying such a large debt into retirement can strain your finances.

Use a portion of your liquid assets, such as your mutual fund corpus or any bonuses, to reduce the loan burden gradually. This will free up cash flow and allow you to focus more on building your retirement fund.

4. Maximize Your EPF & PPF Contributions
Continue contributing to your EPF and PPF accounts. While the returns from these are modest, they are low-risk and provide tax-free returns, making them ideal for post-retirement stability.

As PPF matures, consider reinvesting the proceeds into equity mutual funds to capitalize on higher returns.

5. Increase Contributions to NPS
Your NPS balance is currently Rs. 5 lakh. Increase your contributions to this as it provides excellent tax benefits and is tailored for retirement.

NPS is also one of the few products where withdrawals are partially tax-free. Increasing contributions now will give you a more substantial corpus in the future.

6. Prioritize Children’s Education
Plan separately for your children’s education expenses. You might want to use specific child education funds or a combination of mutual funds for this.

Avoid dipping into your retirement savings for education purposes. Set clear boundaries between these two financial goals.

Final Insights
At 46, you are well-positioned financially, but pausing your SIP investments and holding onto a large loan could hinder your retirement plans. Restart your investments and focus on paying off your loan as soon as possible. By maintaining discipline and increasing your contributions to SIPs, NPS, and PPF, you should comfortably achieve your retirement corpus of Rs. 6 to 7 crore. Prioritize growth-oriented investments like equity mutual funds, and continue evaluating your portfolio annually to ensure it aligns with your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Career
Sir i am currently in class 11 th and i just want to prepare for jee mains and advanced 2026 exam so give me some roadmap to achieve and also guide me for computer science
Ans: Shreya, I trust that you have already enrolled in a coaching center, whether it be online or in person, and have finished your eleventh syllabus. (1) If you have not yet created your own short-notes for the 11th syllabus that has been completed, prepare it and continue to revise them every three days until 2026, even after you have commenced studying the 12th syllabus in December 2024. (2) Review the questions that you have incorrectly answered or skipped in mock tests conducted by your Coaching Center and/or practiced independently. (3) In order to increase your rank/percentile by targeting computer science at a reputable college/institute, prioritize mathematics (although all three subjects are equally important). (4) You should be thorough with NCERT books, particularly those pertaining to chemistry, in conjunction with the materials provided by your coaching institute. (5) Have 1-2 reference books for each subject. Not exceeding two. (6) Review the questions that were incorrectly answered or skipped in your mock and practice exams and retake the test. It is advisable to maintain a distinct note-book for these types of questions, which should include answers and elucidating notes, in order to review them repeatedly for all three subjects. (7) Download the SYLLABUS of JEE Main 2025 (available on Google by searching for "JEE Main Information Bulletin") and print it out, as there will be no significant changes to the syllabus in 2026. Maintain it on your study table and continue to update the 11th syllabus chapters and concepts that you have covered to date by marking them with a checkmark. This will boost your confidence if you continue to update the same till November 2025. (8) A slight difference in Syllabus might be visible when you acquire the 2026 JEE Main / JEE Advanced Syllabus. The same can be resolved within 15 days to one month in 2025-26. (9) Increase your productivity by studying for 45 minutes to 1 hour, taking a 10-minute break, and then continuing for 45 minutes. (10) Take a 2-3 minute break every 45 minutes while practicing questions, whether offline or online. This break should consist of closing your eyes and taking long breaths to enhance your concentration and mental capacity. (11) Additionally, it is recommended that you acquire the 20-40 PREVIOUS years question paper book of JEE (Main & Advanced) from Amazon. Arihant's, Disha's, or MTG's publications are recommended. Once you have finished reading a chapter, practice and complete it to determine the extent to which you have comprehended the concepts and to identify areas that require improvement. (12) By October 2025, ensure that you have reviewed significantly more than 90% of the previous years questions. Your confidence will be further bolstered by this. (13) After the mock test is completed at your coaching center, clarify all incorrectly answered or ignored questions and continue to revise and practice them, as these types of questions will significantly disrupt your performance in the actual JEE. (14) If you are a regular school student, inquire with your class teacher about the minimum attendance requirement as outlined in the Board's regulations (State, CBSE, ICSE, etc.). Utilize the remaining 15% by taking time off and preparing for your JEE, if only 85% attendance is required. (15) THE MOST IMPORTANT Value Added Suggestion: Rather than solely relying on JEE, please participate in 5-7 entrance exams/counseling process with a JEE score for getting admission into any one of the private engineering colleges to have a variety of options to select the most suitable one. All the BEST for Your Prosperous Future.

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Radheshyam

Radheshyam Zanwar  |1062 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 23, 2024Hindi
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Career
My son graduated BE CSC with 8.9 CGP was offered a job as system engineer inTCS in April when he was in his 8th semister. Till November 23 he didn't get the on boarding letter, in the meantime whe appeared in two' exams under same offer. Advice what has been going on.
Ans: Hello.
Whatever you are saying is just shocking. The track record of TCS is not like that, as you described in your question. It would be better to contact TCS again and ask them when they will give on boarding letter. It is not clear from your query whether your son had done some correspondence with TCS or not related to the job offered. It is also not clear which two exams he appeared in. If not selected in a campus interview, searching for a job might be tedious but not so difficult. Ask your son to post a strong resume on the LinkedIn portal and remain in touch with his seniors. Please visit the websites of renowned companies daily to search for vacancies. There are many job-offering portals where he can register his name. Please ask the college placement division for any placement opportunities.
Wishing the best of luck for his bright future.

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Thanks.

Radheshyam

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T S Khurana

T S Khurana   |197 Answers  |Ask -

Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Money
Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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