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Sunil Lala |200 Answers |Ask -Follow

Financial Planner - Answered on Jan 19, 2024

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 - Nov 10, 2023Hindi

Money

Hello.im just retired at age 58.My salary was 70,000 last drawn.How much monthly pension will i get?

Ans: Pension from where ?

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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Question by Camilo - Nov 12, 2023Hindi

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Im just retired in a pvt firm at age 58..How much pension should i get?

Ans: That depends on a lot of things, your last drawn salary, how long have you worked with the company etc. You have not mentioned enough data for me to evaluate

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Question by Camilo - Nov 17, 2023Hindi

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Im retired at 58..My last drawn salary 70 000 pm.How much pension should ivgetvfrom epfo? Thanks

Ans: As the provided information is not sufficient, I’m not able to give you the pension amount but you can calculate by using this formula:

Pension Amount = (Pensionable Service * Average Salary) / 70

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Question by irshad - Nov 20, 2023Hindi

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At present I M 56, retired in a pvt firm at age 58..curent Basic 25 K & in hand 48K, till retirement 13 years of JOB, How much pension should i get?

Ans: Your pension amount is determined by various factors including your years of service, average salary, and the pension scheme offered by your employer. Private firms typically have different pension schemes, so it's important to review your employment contract or consult with your HR department for details on your specific pension plan.

Your pension amount may also be influenced by any contributions you've made towards the pension scheme during your employment. Generally, the longer your service and the higher your salary, the higher your pension amount is likely to be.

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Question by Visu - Aug 30, 2024Hindi

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I have a term plan for life insurance. now my question is since the term plan insurance has lengthier PPT, I am planning to create a corpus to generate income to meet my annual insurance premium and to invest the amount in Mutual Fund. Now, my question is should I invest the amount in better performing dividend fund to get annual dividend, to meet term insurance commitment or should I invest in Growth Fund. If I invest in growth fund my withdrawal will be in small percentange or I have to invest more if it is a dividend fund I can invest less and earn more, this will save the premia commitmente pinching my pocket. Say for eg. 18000 annual premia commitment, I can invest Rs.2.5 lacs in dividend fund for 30 years. (and forget this 2.5 lacs) in case of survival, I will not get anything from term plan but this corpus will get me a good lump sum after 30 years. please suggest me to go with which fund - growth fund or dividend fund.?

Ans: I do not recommend dividend (IDCW) funds to fulfill need of regular payouts because their is no assurance about it.

If you invest this amount lumpsum in an equity fund with growth plan then your corpus after 30 years could grow to ~1 Cr. (~13% return considered).

Therefore I recommend you go with the growth fund.

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Dear Sir, I am working as a business leader in a startup . I have a total experience of 11 years and majority with Startups. At the age of 36 I am now looking some stability in my career as I am fed up of hustling around. I have already resigned from my current job and looking for a change and shift to north India and my family is there. The industry I work is Agritech. Your guidance will be really helful

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DEAR VIVEK I AM 55 YEAR OLD RUNNING A SMALL BUSINESS WITH CURRENT MONTHLY EXPENSIS OF 2 LAC GOT 1 26 YEAR OLD DAUGHTER FOR HER MARRIAGE HAVE COLLECTED ENOUGH MONEY GOT 2 CR MEDICLAIM INSURANCE WHAT KIND OF SAFE MONEY SHOULD I HAVE TO MAINTAIN THE SAME LIFESTYLE EVEN AFTET 15 YEARS.

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You would need corpus of 15 Cr at 70 years which can provide you post tax(30% bracket) income of 4.8L.(Annuity rate of 5.5% considered).

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I BELONGED to a Gujarati Family..My father had textile business...He don't want me to join that business and telling me to see it as a backup plan...Should I go for CA course?..I liked mathematics as a subject and numbers..I want to do something of my own..and If possible I want to settle in Gujarat only.

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Hi i am xxx. I am 24 years old and i have completed my graduation at 20 and haven't done any job,studies or any exam preparation for last 4 years and now that i look back i realise i have wasted 4 precious years of my youth .Now i am thinking to prepare for ssc exams to attempt it in next year but i am very stressed that wheather i am also wasting this year in this preparation and should try for a private job to get some job experiance but my parents wants me to do something good with my life and i want to make them proud .I am a girl so i don't have much time left to focus on my carrier at most next 2 years then i have to get married .What should i do???? please help me because i am getting really stressed about it and feel like there is no meaning of my life

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The one knows what are his /her strengths and weakness or what he/she has plans for future , cant be called ignorant . You are only 24 and entire career is open for you . Once you decide and try with utmost sincerity , Clearing SSC exams will not be difficult. You will get advantages also being a girl . nce you are through , all negativities will vanish . As far as Your marriage is concerned , Now a days girls marry only after they feel confident of their life and career so Dont worry , concentrate on SSC exams.

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Question by Dilip - Sep 09, 2024Hindi

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Dear sir, I am a Bcom graduate, worked as an audit associate in KPMG for a year and pursued my diploma in video editing, I worked as a video editor for 3 years and now lost the job for no reason of mine. It is getting hard for me to get a job in video editing especially after rise of the AI. It has been more than a year and haven't found anything concrete in my domain and due to financial reasons I am considering going back to IT but I don't have anyone to guide me. All I see is customer support roles. I graduated in 2016. Please help. What can I do next to get a job?

Ans: Repeat question. , Already replied

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Question by Dilip - Sep 09, 2024Hindi

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Hi I am a Bcom graduate, worked as an audit associate in KPMG for a year and pursued my diploma in video editing, I worked as a video editor for 3 years and now lost the job for no reason of mine. It is getting hard for me to get a job in video editing especially after rise of the AI. It has been more than a year and haven't found anything concrete in my domain and I am considering going back to IT or any other domain but I don't have anyone to guide me. All I see is customer support roles. I graduated in 2016. Please help. What can I do next to get a job?

Ans: Dear Mr. Dilip Many a times , just for trivial financial gain , we commit blunder and chage the track almost 180degree and then find themselves at point of no return. It is fact AI has its advantages and disadvantages . Job losses are apprehended due to use of AI Tools in editing and many generative fields requiring expertise whereas AI ChatGPT etc can perform those tasks in Minutes . Nevertheless , I will suggest you to learn some relevant AI courses to upgrade you skills or else get back to Auditing , starting from Good accoutning firm or other companies in the field of accounts/ commercial/ Stores / SCM / Logistics and then you can go for SAP SD / MM/Fico like courses to upskill yourself.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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