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Sunil Lala |193 Answers |Ask -Follow

Financial Planner - Answered on Sep 04, 2023

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more

Asked by Anonymous - Aug 10, 2023Hindi

Money

Hello Sir, I am 44 years old IT professional. I have loan of Rs. 29 Lakhs. I am currently Monthly Investing 40K in MF, 10K in Nifty 50, 18K IBM Stocks and Large cap and Mid Cap Stocks 50K (IT- Infosys, TCS, Wipro, Tata Elxie), Bank - (ICICI, IDFC, SBI), Auto - Tata Motors, Ashok Leyland, Jewellery - Titan, Metal - Tata Steel, Vedanta), Paint - Asian Paint, Oil - IOC). MF 1. Edelweiss Large and Mid cap - 5000 2. ICICI Prudential Thematic adv fund - 5000 3. Kotak equity opportunity fund - 5000 4. Canara Robbeco Emerging Equities - Regular - 5000 5. Mahindra Manulife Multi Cap fund Regular Growth - 5000 6. Parag and Parikh flexi Cap fund Regular Plan - 5000 7. SBI Blue Chip fund Regular Growth - 5000 8. HSBC Small Cap fund Regular Growth - 5000 9. Nippon nifty 50 NIFBEE - 10000 10.IBM stock - 18000 I have 8 lakhs as emergency fund in FD ROI - 7.1, NPS - 12 lakhs, PF 22 lakhs, Stocks 24 lakhs, MF 5 lakhs I would like to have around 10+ crore's in the next 10-12 years in investments. What can I do better?

Ans: Your investment is too diversified, you should invest in stocks directly if you have expertise and time. Please share exact details of your lumpsum investment

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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Ramalingam Kalirajan |4348 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 20, 2024

Asked by Anonymous - Aug 07, 2023Hindi

Money

Hello Sir, I am 44 years old IT professional. I have loan of Rs. 29 Lakhs. I am currently investing 40K in MF, 10K in Nifty 50 and Large cap and Mid Cap Stocks 50K (IT- Infosys, TCS, Wipro, Tata Elxie), Bank - (ICICI, IDFC, SBI), Auto - Tata Motors, Ashok Leyland, Jewellery - Titan, Metal - Tata Steel, Vedanta), Paint - Asian Paint, Oil - IOC). 1. Edelweiss Large and Mid cap - 5000 2. ICICI Prudential Thematic adv fund - 5000 3. Kotak equity opportunity fund - 5000 4. Canara Robbeco Emerging Equities - Regular - 5000 5. Mahindra Manulife Multi Cap fund Regular Growth - 5000 6. Parag and Parikh flexi Cap fund Regular Plan - 5000 7. SBI Blue Chip fund Regular Growth - 5000 8. HSBC Small Cap fund Regular Growth - 5000 9. Nippon nifty 50 NIFBEE - 10000 10. IBM stock - 18000 I have 8 lakhs as emergency fund in FD ROI - 7.1, NPS - 12 lakhs, PF 22 lakhs, Stocks 24 lakhs, MF 5 lakhs I would like to have around 10+ crore's in the next 10-12 years in investments. What can I do better?

Ans: Given your detailed financial situation and ambitious goal of accumulating 10+ crores in 10-12 years, here are some suggestions to optimize your investment strategy:

Loan Repayment: Prioritize repaying the Rs. 29 lakh loan to reduce interest burden and free up cash flow.
Asset Allocation: Diversify your portfolio across asset classes like equity, debt, and real estate to spread risk. Rebalance periodically to maintain desired allocation.
Increase Investments: Consider increasing your SIPs, especially in equity mutual funds, to accelerate wealth accumulation.
Tax Planning: Optimize tax-saving investments like ELSS, NPS, and PPF to maximize post-tax returns.
Emergency Fund: Ensure the emergency fund remains intact and adjust its size based on your monthly expenses.
Review and Monitor: Regularly review your portfolio's performance and adjust investments as needed to align with your financial goals and market conditions.
Consult a financial advisor for a personalized investment plan tailored to your goals, risk tolerance, and financial situation.

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Physiotherapist - Answered on Jul 08, 2024

Asked by Anonymous - Jul 03, 2024Hindi

Health

Hello, am a 49 year old female, detected with chondromalacea patella. My right knee is stiff and nota ble to walk properly. Have consulted the Orthopedic but not much improvement. Kindly suggest what should I do. Can you pls suggest any collagen supplement and does that help.

Ans: Hello Anonymous,
Have you shown a good physiotherapist? If not, please do. Certain exercises for the knee, hip, calf, core and also some heat/electrical modalities given by a physio can help you towards pain relief and also to prevent further degeneration.
You should also test your Vit D3 and Vit B12 levels as those along with calcium and multivitamins can help. Yes, collagen supplement may also help. Regarding this it is better to ask your orthopedic or general physician to prescribe.
Also I believe a lot in holistic approach so applying ghee and gently massaging around knee cap may help you.
All the best!

Mihir Tanna |859 Answers |Ask -Follow

Tax Expert - Answered on Jul 08, 2024

Asked by Anonymous - Jun 30, 2024Hindi

Money

For the FY 23-24, my income from salary is ?7,02,876 as per form 16. I also have interest income of ?9,120. I also sold mutual funds and had long term capital gains of ?87,983. I want to know as to how my total income and tax would be computed. I was under the impression that my salaries and interest income will be treated differently and will not be eligible for tax under the new tax regime and my long term capital gain will be exempted since it is less 1 lakh, thus resulting in nil income tax. Is it correct or not?

Ans: Assuming mutual fund redeemed are equity based scheme, tax on said redemption will be NIL. Tax on salary and interest will be Rs26,200 plus cess.

You can calculate tax at https://incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx

Chandu Nair |61 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 08, 2024

Question by Vivek - Sep 24, 2023Hindi

Career

Hello Sir, I have a private limited company which had turnover of Rs. 24.5 cr but losses Rs. 4 cr. We have debt of Rs. 5 crores and other liabilities are approx Rs. 5 crores. Banks are not giving us loan for working capital. What should we do to get the equity investment so that we can reduce the burden of debt and other liabilities and also continue our business. The prospects for the FY 2023-24 are good if we get to run the business without any stress of liabilities.

Ans: This requires deeper understanding of the nature of your business, its financial performance, the capital structure, the prospects of your industry, the differentiation that your business has vs competition, the quality of your team etc before one can consider an equity investment. I am not privy to such info. You may want to consult a financial advisor.

Chandu Nair |61 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 08, 2024

Question by Sudhir - Sep 28, 2023Hindi

Career

Sir, My daughter is in Dellas US.Her husband is SAP consultant and doing job there. My daughter is also MBA. She is interested in doing business with my cooperation. How can we do business while I am in India and she is in US. Pl suggest. Can we form a company without her physical presence here. We are interested to register the company in India. Can you suggest a business other than import/export, sale/purchase etc. Only online consultancy etc. Or any other liaison type work. Can you suggest. Is there any such company pl suggest the name with whom we can work with mutual cooperation. Thanking you Sudhir Gupta

Ans: Dear Mr Sudhir,
See the answer posted to Sindu today. Let me copy paste here.
There are several opportunities but you need to focus on those which
1) are relevant to your/your daughter's experience, expertise,network, passion,
2) take into account finance available or that can be organised by you, plus
3) offer growing prospects.
There are several cross-border opportunities. I would request you to do a lot of research, secondary first, and then primary. That will help you understand which specific niche you might want to target. You will need to talk to others too to see if they are looking for such partners. You must demonstrate what you can offer such partners.
There are several such cross-border examples in Information tech/ software/ IT enabled services, in various forms of consulting, in bespoke fashion, and more. Pl start your research

Chandu Nair |61 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 08, 2024

Asked by Anonymous - Oct 28, 2023Hindi

Career

Dear Mr. Chandu, I am having 13 YoE in my professional journey out of which I spend 10 years in my own startup from which I took exit with 2.5 Cr in cash which I invested for my family's financial cushion. Post that I joined a startup as 1st employee which didn't do good and I left after 2 years. Then I joined another startup as 1st employee which is looking decent to work with but not that rewarding financially. As my daughter is around 2 years at present, I'd like to start again in next 2-3 years. Does my working as employee in early stage startups dilute my image as a entrepreneur with successful exit in terms of getting funding for my next idea?

Ans: An employee with a good track record in start-ups, now having a good idea with the mindset and passion of an entrepreneur and a proven ability to execute, can enthuse others to join him/her on their journey and also attract funding.

Chandu Nair |61 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 08, 2024

Asked by Anonymous - Oct 29, 2023Hindi

Career

Hello, I have business idea, but don’t know from where to start. I want to start a business(startup) but I don’t have funds. But I am sure that I have ‘standout’ business idea, please guide me

Ans: Nothing come easy, Anon ji. You must learn how to fish (how to become an entrepreneur) than be fed fish (get readymade business ideas). What works for one may not work for another. If you have money and want to work on tried and tested models, you could consider becoming a franchisee. Since you don't have money, nor do I have any idea of your experience or expertise, you would have to do some research and figure out what interests you AND is also a great opportunity. Work in that field first and gain experience and connections.

Mihir Tanna |859 Answers |Ask -Follow

Tax Expert - Answered on Jul 08, 2024

Asked by Anonymous - Jun 30, 2024Hindi

Money

For the FY 23-24, my income from salary is ?7,02,876 as per form 16. I also have interest income of ?9,120. I also sold mutual funds and had long term capital gains of ?87,983. I want to know as to how my total income and tax would be computed. I was under the impression that my salaries and interest income will be treated differently and will not be eligible for tax under the new tax regime and my long term capital gain will be exempted since it is less 1 lakh, thus resulting in nil income tax. Or my total income will be calculated by adding salary and capital gains, thus resulting in net tax payable?

Ans: Assuming mutual fund redeemed are equity based scheme, tax on said redemption will be NIL. Tax on salary and interest will be Rs26,200 plus cess.

You can calculate tax at https://incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx

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Asked by Anonymous - Oct 31, 2023Hindi

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Sir, I am 33 years old, unmarried.... I was running my family business for the last eight years...we were in a very bad situation in 2015 since I joined but now our business is doing decently good, but not good enough as per my expectations. My father is taking care of the business now. We supply regular office equipments, also help in marketing of companies like designing their advertisements and putting up their bill boards and hoarding. We also organise office events and parties. But I am not satisfied with the growth or the future potential of the business. I want to shift to something new and desire to work in the financial management field as I had wanted since I was studing CA. I had left CA in the middle and only my finals of CA is left, I am done with inter which I cleared in first attempts and articleship and all. Do you think it'll be okay to give my finals with good marks and use my experience in business and start a job in a good company. Is that possible, plz let me know???

Ans: It may be a good idea to focus on completing your CA, that is a useful qualification to get a well-paying job; it also will come in handy if you decide to continue in your business or create a new path. At this juncture, it looks like you would like to gain greater exposure in new fields and not get stuck in a rut.

Nayagam P P |1563 Answers |Ask -Follow

Career Counsellor - Answered on Jul 08, 2024

Question by Golu - Jul 07, 2024Hindi

Career

Nit Trichy Cse or iit

Ans: Golu, IIT What Stream and Which IIT? You have not mentioned.

Mihir Tanna |859 Answers |Ask -Follow

Tax Expert - Answered on Jul 08, 2024

Question by AnupG - Jul 01, 2024Hindi

Money

Hi have purchased a Site on 2011 & we sold on 2024 Feb. Against the income Whether we have to purchase a site or house property to avoid CG Tax?

Ans: Section 54F of the IT Act allows an exemption on capital gain from the sale of any property other than a residential house wherein Taxpayer should invest the net sales amount of the old property in purchase of a new residential house.

See more questions »

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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