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Jinal

Jinal Mehta  |99 Answers  |Ask -

Financial Planner - Answered on Feb 25, 2024

Jinal Mehta is a qualified certified financial professional certified by FPSB India. She has 10 years of experience in the field of personal finance.
She is the founder of Beyond Learning Finance, an authorised education provider for the CFP certification programme in India.
In addition, she manages a family office organisation, where she handles investment planning, tax planning, insurance planning and estate planning.
Jinal has a bachelor's degree in management studies. She also has a diploma in in financial management from NMIMS, Mumbai.
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Asked by Anonymous - Feb 15, 2024Hindi
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Hello Jindal I am 46 Y old just lose my well paid job . Require your suggestion for continuous getting money from interest . I have 3 flats . First one is loan fee. Second one has 6 L loan remaining . 3 rd one has 1.18 Cr loan . I require 40 L for my daughter education 2024-2028 and require 40 L sone education 2028-2032.i also want 1 L per month now onwards for meeting daily needs.i have following investment. Mutual funds 14.5 L . FD 5 L Government Bond 10 L PPF wife 17.5 L PPF my self 7.5 L and othe nsc bond share 9 L . I will get approx 20 L from my employee and have 72 L in EPF and 4 L wife EPF. Please guide me . Should I sold my flat and pay out the loan of 1.18 Cr and move in same home . If I do then I left with 40 L .

Ans: Please do not take such decision immediately. It is a good thing that you want to secure your children's future. But as of now, i dont see any such need to sell off your flat. your children may not need this much of money for their education or they may need more. Both the other houses can be rented out and the rentals can be invested in mfs. These funds may be tagged only to their education. Any additional requirements can be funded through education loans.
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

Ramalingam Kalirajan  |8633 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 05, 2024

Asked by Anonymous - Dec 13, 2023Hindi
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Hi, i m a breadwinner to my family of 4 (Myself 44yrs, wife 42, one daughter 7yrs n son 4 yrs). I am salaried engineering professional in private firm with 13L/annum. To have financial gain, i invested in shares, gained a little but now in loss of Rs 3L with total investment of 8L. Its been 2yrs but it seems it will be waste of time further as it is unpredictable when those shares will recover? n if not any profit when can i get the principal amount? Somebody suggested me to withdraw all from shares n with those Rs 5L, invest in MF not only to recover 3L but also gain profit in Long term. My investment goals are obviously as below; 01) Lumpsum amount for child education after 10 n 15 yrs from now. 02) For their marriage. After 20yrs from now. 03) Have sufficient funds as lumpsum or monthly post retirement. 15yrs from now. As an asset, I have got only flat amounting 80L now in Noida. A principal home loan outstanding 14L on that property, 24K as EMI. I m staying in rented accommodation in Panvel - Mumbai where i am doing Job. My monthly saving of now is almost NIL after all expenses, but can somehow manage to invest around 5~6k. Plz suggest, with given conditions what should be my next step to achieve above 3 goals?
Ans: Given your current situation, it's essential to reassess your investment strategy and prioritize long-term financial goals. Here's a suggested plan:

Immediate Action on Shares: Consider selling the shares to minimize further losses and reinvest the remaining amount in more stable investment avenues like mutual funds.

Mutual Fund Investment: With the proceeds from the shares (5L), consider investing in mutual funds. Given your long-term goals, opt for diversified equity funds or balanced funds that offer growth potential with comparatively lower risk.

Emergency Fund: Since your monthly savings are limited, focus on building an emergency fund equivalent to at least 6-12 months of your expenses. Keep this fund in a liquid or low-risk investment option like a savings account or short-term debt fund.

Child Education and Marriage: For your children's education and marriage goals, consider starting SIPs (Systematic Investment Plans) in equity mutual funds. Allocate funds based on the respective time horizons and risk appetite.

Retirement Planning: Since you have a flat as an asset, ensure that you continue to pay off the home loan EMIs regularly. Additionally, allocate a portion of your monthly savings towards retirement planning through SIPs in retirement-focused mutual funds or NPS (National Pension Scheme).

Regular Review: Regularly review your investment portfolio's performance and make necessary adjustments based on changing market conditions, financial goals, and risk tolerance.

Seek Professional Advice: Consider consulting a financial advisor who can provide personalized guidance tailored to your specific financial situation and goals.

By following these steps and staying disciplined in your investment approach, you can work towards achieving your financial goals and securing your family's future.

..Read more

Ramalingam

Ramalingam Kalirajan  |8633 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 11, 2024Hindi
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Hello Sir, I lost my job in layoff . I am 46 year old . I had a home loan of 1.18 cr with EMI of 1.07L per month . I have 2 kids, Daughter is in 12th and Son is in 9th . I am selling my other 2 flats so that i can repay the loan and left money i will put in FD. I have to plan my children education 60 L and Retirement planning ( Next Month onwards i require 1 L ). After paying home loan I left with 70 L which i will put in FD . I have 70 L in EPF, 30 L in PPF maturity in 2026, 19 L FD, 3.3 L NSC ( Maturity at 2032/ 6.6L), 14 L Mutual Fund. My wife earns 50 K per month . Monthy expenses are 75K . My goals of havinng 1 L from next month and kids education can be achieved with these investment .
Ans: I'm sorry to hear about your job loss, but it's commendable that you're taking proactive steps to manage your finances during this challenging time. Let's create a plan to address your immediate needs and long-term goals:

• Home Loan Repayment: Selling your other two flats to repay the home loan is a prudent decision, as it will relieve you of the burden of the EMI and reduce financial stress.

• Emergency Fund: It's essential to maintain an emergency fund to cover unexpected expenses and loss of income. Since you'll have 70 lakhs from the sale of your flats, consider keeping a portion of this amount aside as your emergency fund, ideally in a liquid and accessible form like a savings account or short-term FD.

• Children's Education: With 60 lakhs earmarked for your children's education, you can explore investment options that offer growth potential over the medium to long term. Consider a combination of equity mutual funds, balanced funds, and fixed-income instruments to achieve your education goals. Since your daughter is in 12th grade, you may need to prioritize her education expenses in the near term.

• Retirement Planning: Your goal of having 1 lakh per month from next month onwards for retirement can be achieved by structuring your existing investments wisely. With 70 lakhs in EPF, 30 lakhs in PPF (maturing in 2026), and other fixed deposits and mutual funds, you have a solid foundation. You can explore options like Senior Citizen Savings Scheme (SCSS), Post Office Monthly Income Scheme (POMIS), and systematic withdrawal plans (SWPs) from mutual funds to generate a regular income stream in retirement.

• Income Replacement: Since you'll no longer have a regular income from employment, it's crucial to plan for income replacement. Your wife's income of 50,000 per month will provide some support, but you may need to supplement it with income generated from your investments.

• Expense Management: Given your monthly expenses of 75,000, it's essential to budget carefully and prioritize your spending. Look for areas where you can cut costs without compromising on essentials.

• Professional Advice: Consider consulting with a Certified Financial Planner who can help you develop a comprehensive financial plan tailored to your specific circumstances and goals. They can provide valuable guidance on investment strategies, tax planning, and retirement planning.

In conclusion, while losing your job is undoubtedly challenging, with careful planning and prudent financial management, you can navigate this period of transition successfully. By leveraging your existing assets and making strategic investment decisions, you can work towards achieving your children's education goals and securing a comfortable retirement for yourself. Stay focused, stay positive, and remember that you're not alone in this journey.

..Read more

Ramalingam

Ramalingam Kalirajan  |8633 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 29, 2025

Asked by Anonymous - Jan 26, 2025
Money
Sir, I am Mudassar, 40 years old, i have 3 childrens, 2 daughter and son. Sir, i need your suggestions/guidance becaz i am in very crtical situation. My take home salary is 40K and my father (retired age 74 ) salary is 35K , we both have personal laons to build house. I have two running LIC's , on which i have taken loan also. Recenlty we build own house , if i sell now, i will get around 42 to 45 Lakhs . My lloan detailsbelow ; 1. HDFC 7,20,000 emi 14K 2. Company emi 1,50,000 emi 4K 3. LIC loan 2 laks emi 2K 4. Father loan 4 lacks , two year remaining, emi 14K Total emi : 34K Apart from we are paying 15K monthy to chit fund , still 15 months remaining. Summary: Total sal 75 K , after laon and chit fund deducting , will get 26K to run home , including grocery, children fees , health etc... its very difficult to manage, and keep thinking to take extra loan .. as i said earlier , have two LIC's , i am.paying 56K every year . What i am thinking is, i will sell my house And clear all my laons .. and approximate i will have 25 Lakhs remeaing , so i will inest in mutual fund , SIP , SWP, index fund for long time investment .. So i.am in very confusing mode , whether i have to sell my house .. and start my investment journey... pls help sir .. My finacial conditions are very similar to all middle class family.. Request you to please reply and give your sugestion for investment joury. Awaiting your kind reply .. Thanks in advance ...
Ans: Your combined monthly income from you and your father is Rs. 75,000.
Total EMIs for loans and chit contributions amount to Rs. 49,000.
You are left with Rs. 26,000 to manage household expenses, children's education, and other needs.
You have two LIC policies with an annual premium of Rs. 56,000.
Selling your house may yield around Rs. 42 to 45 lakhs, which can be used to clear your debts.
Priority Recommendations
1. Debt Clearance Strategy
Clearing high-interest loans should be your top priority.

Focus on repaying the following in this order:

Company loan (Rs. 1.5 lakh, EMI Rs. 4,000)
LIC loan (Rs. 2 lakh, EMI Rs. 2,000)
Father's loan (Rs. 4 lakh, EMI Rs. 14,000)
HDFC loan (Rs. 7.2 lakh, EMI Rs. 14,000)
Consider selling your house if you are comfortable shifting to a rental property.

After clearing all debts, you may still have around Rs. 25 lakhs for investments.

2. Managing LIC Policies
You mentioned loans against your LIC policies.
Review the surrender value of these policies.
If they are investment-oriented (like money-back or endowment plans), surrendering may be wise.
Use the funds to clear loans or invest in mutual funds for better returns.
3. Investment Strategy Post-Debt Clearance
If you sell your house and have Rs. 25 lakhs remaining:

Emergency Fund: Keep Rs. 4 to 5 lakhs aside in a fixed deposit or liquid fund.
Children's Education Fund: Allocate Rs. 10 to 12 lakhs to balanced mutual funds for long-term growth.
Systematic Investment Plan (SIP): Start monthly SIPs of Rs. 15,000 in diversified mutual funds.
Retirement Fund: Invest Rs. 5 to 7 lakhs in a mix of equity and hybrid funds for long-term wealth creation.
4. Expense Management Tips
Reduce unnecessary expenses and focus on essential needs.
Review your children's school fees and explore scholarships or fee concessions if possible.
Create a monthly household budget to monitor spending.
5. Chit Fund Contributions
Continue with the chit fund for the remaining 15 months if possible.
Avoid renewing or joining new chit funds in the future.
Use the proceeds from the chit fund payout to build your emergency fund or invest.
6. Insurance Adequacy
Your current insurance policies may not provide adequate life coverage.
Ensure you have a pure term insurance plan with coverage of at least Rs. 1 crore.
Ensure comprehensive health insurance for your entire family, including your father.
Final Insights
Selling your house seems like a practical solution given your financial strain. Clearing debts will free up Rs. 34,000 per month, providing financial stability. Investing wisely in mutual funds can secure your children's education and your family's future.

Stay disciplined with your financial plan, avoid further loans, and focus on wealth creation through systematic investments.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

Milind

Milind Vadjikar  |1238 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Mar 25, 2025

Asked by Anonymous - Jan 26, 2025
Money
Sir, I am Mudassar, 40 years old, i have 3 childrens, 2 daughter and son. Sir, i need your suggestions/guidance becaz i am in very crtical situation. My take home salary is 40K and my father (retired age 74 ) salary is 35K , we both have personal laons to build house. I have two running LIC's , on which i have taken loan also. Recenlty we build own house , if i sell now, i will get around 42 to 45 Lakhs . My lloan detailsbelow ; 1. HDFC 7,20,000 emi 14K 2. Company emi 1,50,000 emi 4K 3. LIC loan 2 laks emi 2K 4. Father loan 4 lacks , two year remaining, emi 14K Total emi : 34K Apart from we are paying 15K monthy to chit fund , still 15 months remaining. Summary: Total sal 75 K , after laon and chit fund deducting , will get 26K to run home , including grocery, children fees , health etc... its very difficult to manage, and keep thinking to take extra loan .. as i said earlier , have two LIC's , i am.paying 56K every year . What i am thinking is, i will sell my house And clear all my laons .. and approximate i will have 25 Lakhs remeaing , so i will inest in mutual fund , SIP , SWP, index fund for long time investment .. So i.am in very confusing mode , whether i have to sell my house .. and start my investment journey... pls help sir .. My finacial conditions are very similar to all middle class family.. Request you to please reply and give your sugestion for investment joury. Awaiting your kind reply .. Thanks in advance ...
Ans: Hello;

Suppose you sell your house and clear your loans and other liabilities but where will you & your family stay?

How much rental per month would be required to get an adequate house on rent?

Please clarify. Based on your input we can advise you suitably.

Thanks;

..Read more

Ramalingam

Ramalingam Kalirajan  |8633 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 29, 2025

Asked by Anonymous - May 25, 2025
Money
Sir I just purchased a home and loan started from May 2025 Total Loan 4959000/- and given tenure is 30 years. I have a car loan monthly emi is 12985/-, 2 years remaining. One persoal loan 4000/- per month, 86k remaining. Term insurance per month 2800/- Lic total yearly 45k Monthly sending money to home 15k Grossery travel and all other expenses- 41k I have a few fixed deposit 10lakhs, 7 lakhs and 3 lakhs. Mitual fund every month 7k investment going on. Sofar 1.8 lakhs is there PF till now I have around 2.5 lakhs. Salary 1.47 lakhs per month. I want to repay my homloan as soon as possible and want to invest more as well as want to keep emergency fund. Please help me.
Ans: You have taken some good financial steps already. You have a stable income, some good savings in fixed deposits, and you are aware of your expenses. This clarity will help us plan better.

Let us now work on how to:

Repay your home loan early

Keep emergency funds ready

Increase investments wisely

Improve your financial stability

Let us go step by step.

1. Your Current Financial Snapshot
Monthly Income: Rs. 1,47,000

Monthly Outgo:

Car Loan EMI: Rs. 12,985

Personal Loan EMI: Rs. 4,000

Term Insurance Premium: Rs. 2,800

LIC Premium (Yearly Rs. 45,000): Rs. 3,750

Home Support to Parents: Rs. 15,000

Household Expenses: Rs. 41,000

Mutual Fund SIP: Rs. 7,000

Total Monthly Outgo: Around Rs. 86,535

Monthly Surplus: Around Rs. 60,465

Home Loan: Rs. 49,59,000 – started May 2025 – Tenure: 30 years

Car Loan EMI: Rs. 12,985 – 2 years left

Personal Loan Balance: Rs. 86,000 – Rs. 4,000/month

Fixed Deposits: Rs. 10 lakh + Rs. 7 lakh + Rs. 3 lakh = Rs. 20 lakhs

Mutual Funds: Rs. 1.8 lakhs

Provident Fund: Rs. 2.5 lakhs

2. Emergency Fund Creation
You must keep 6 months of expenses aside as emergency fund.

Your monthly fixed expenses: approx Rs. 86,000

Emergency fund required: Around Rs. 5 to 5.5 lakhs

Keep this in a separate savings account or a liquid mutual fund.

Use Rs. 5 lakhs from your Rs. 20 lakhs FD for this purpose.

This emergency fund is not for investment. Use only in real emergency.

3. Settle Short-Term Loans First
Personal Loan:

Outstanding is Rs. 86,000 only

Use Rs. 86,000 from your FDs and close it immediately

You save interest and reduce one EMI immediately

This gives instant relief to your cash flow

Car Loan:

Two years of EMIs left at Rs. 12,985/month

If interest rate is above 10%, prepay some amount after personal loan closure

Use Rs. 2 lakhs from FD if affordable

Even partial prepayment helps save future interest

4. Home Loan Repayment Strategy
Home loan is large – Rs. 49.59 lakhs – tenure 30 years

Long tenure means huge interest burden over time

Try to reduce the tenure, not just EMI

Use part of your monthly surplus (Rs. 60,000 approx) for prepayment

Even Rs. 5,000 to Rs. 10,000 extra every month can cut tenure by years

Use Rs. 5 lakhs to Rs. 7 lakhs from your FD for lump sum prepayment

This reduces interest cost significantly

Aim to close loan in 15 to 18 years instead of 30

Keep a buffer from FD aside for any future cash flow gap

5. Increase Investments Gradually
After setting aside Rs. 5 lakhs for emergency

After paying Rs. 86,000 personal loan

You will still have approx Rs. 14 lakhs FD left

Invest Rs. 5 lakhs into mutual funds in phased manner

Do not invest full amount in one shot

Start STP (Systematic Transfer Plan) from liquid fund to equity fund

Continue your existing Rs. 7,000 SIP

Increase SIP by Rs. 2,000 every 6 months as your surplus grows

Long-term mutual fund investing can create wealth

Use only regular plans and invest through an experienced MFD with CFP certification

Avoid direct plans – no guidance, no review, no support during market fall

6. Review LIC Policies
LIC Premium: Rs. 45,000 yearly

If this includes traditional policies or ULIPs, they usually give low return

If it is not a pure term plan, consider surrendering

Reinvest the amount in mutual funds for better return

Check surrender value before taking decision

Keep your term plan running, it is needed for family security

7. Use Mutual Funds More Effectively
Your current SIP is Rs. 7,000

Your total mutual fund corpus is Rs. 1.8 lakhs

Mutual funds are more tax efficient and better for wealth creation

Use only actively managed funds through MFD with CFP guidance

Avoid index funds – they copy the market, cannot beat inflation consistently

Active funds are better for goals like home loan closure and retirement corpus

8. Provident Fund – Let It Grow
You have Rs. 2.5 lakhs in PF

Do not touch it now

Let it grow with interest over years

It is your long-term retirement safety net

9. Tax Planning Tips
Home loan interest: Use Section 24 up to Rs. 2 lakhs for tax deduction

Principal repaid: Eligible under Section 80C along with LIC and PF

Use ELSS mutual funds to claim extra benefit under Section 80C if needed

Avoid buying tax-saving schemes that give low returns

10. Protect Your Health and Family
You already have term insurance of Rs. 1 crore

That is a good base, review every 5 years

If you do not have health insurance, take personal health cover

Rs. 5 lakhs cover for yourself and family is minimum

11. Monthly Plan from Now
After closing personal loan, you get Rs. 4,000 extra

You can use it for SIP or loan prepayment

Gradually aim to:

Invest Rs. 20,000/month in mutual funds

Prepay Rs. 10,000/month towards home loan

Keep Rs. 30,000/month as flexible for other goals or savings

Maintain discipline for 5 years and you will see massive progress

12. Review Your Plan Every 6 Months
Track your expenses regularly

Monitor your SIP performance once in 6 months

Prepay home loan annually with any bonus or surplus

Review insurance and revisit all policies every 2 years

13. Financial Priorities Summary
Close personal loan immediately from FD

Keep Rs. 5 lakhs aside as emergency

Prepay Rs. 2 lakhs towards car loan from FD

Start prepaying Rs. 10,000/month home loan

Start STP of Rs. 5 lakhs into mutual fund

Increase SIP gradually every 6 months

Surrender LIC endowment or ULIP if any and reinvest wisely

Continue with PF and avoid withdrawals

Final Insights
With a steady income and no major liabilities, your position is strong.

Use your surplus wisely between loan prepayment and mutual fund investments.

Start by eliminating short-term loans for mental peace.

Then gradually reduce your home loan burden over the years.

Let your mutual fund portfolio grow systematically with market discipline.

Avoid direct plans, index funds, or any product without guidance.

Use the help of an experienced MFD guided by a Certified Financial Planner.

You will be on track for financial freedom and debt-free living before retirement.

Discipline is more important than timing in wealth creation.

Keep a simple plan and review it every 6 months.

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

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |8633 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 02, 2025

Asked by Anonymous - Jun 02, 2025
Money
Hi Sir, I have inherited 6-8 lakhs. I am a freelancer and have 3 yr son. I want a monthly income plus want the money to grow. Please guide.
Ans: You are taking a responsible step for your financial future and your child’s well-being. Let us now explore a 360-degree financial action plan for you. This plan will help you get regular income while growing your money steadily.

Let’s begin with a clear and simple approach.

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Know Your Core Financial Needs

You need a regular monthly income. You also want growth for the future.

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Your investment must support you now. It must also secure your child’s future.

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Your capital must be safe. It should not be locked or misused.

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You must stay protected from sudden financial shocks.

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This needs careful planning. You cannot take random investment decisions.

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Understand the Money You Have

You received Rs. 6 to 8 lakhs as inheritance.

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This is a one-time opportunity. You must treat it with care and purpose.

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As a freelancer, your income is variable. So, stability is very important.

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You should use this corpus to balance risk, income, and growth.

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This money should reduce your stress. It should not become another pressure.

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Split the Money Into Two Buckets

Use Bucket 1 for monthly income. This is your stability base.

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Use Bucket 2 for long-term growth. This is for your child and future.

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For example, from Rs. 8 lakhs, keep Rs. 3 lakhs in Bucket 1.

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Keep Rs. 5 lakhs in Bucket 2 for growth.

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Do not mix both buckets. Use each with full clarity.

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Build Monthly Income (Bucket 1)

Put Rs. 3 lakhs in low-risk income options.

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Choose options that give monthly income without capital loss.

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You can consider options like short-term mutual funds through a Certified Financial Planner.

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Use systematic withdrawal plan (SWP) to get regular monthly income.

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Avoid using dividend options. They lack predictability and control.

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Avoid annuity products. They block your capital and give low returns.

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Keep money in SWP with a 3–5 year view. Review it every year.

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Grow Money for Your Child (Bucket 2)

Use Rs. 5 lakhs for long-term growth. This is for your 3-year-old child.

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Invest in actively managed mutual funds through a CFP-backed MFD.

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Stay away from direct mutual funds. They do not give regular guidance.

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Without guidance, you may lose direction during market volatility.

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A regular plan with portfolio tracking, goal-based changes, and reviews is key.

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Avoid index funds. They may look cheap but give average returns.

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Actively managed funds can beat markets. Index funds just follow it.

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Use flexicap, midcap, or large and midcap fund categories.

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Do not touch this bucket for next 10 years. Let it grow with power of compounding.

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Emergency Backup Plan

Keep 3 to 6 months of expenses in savings or liquid fund.

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This emergency fund gives peace during low freelance income months.

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Without emergency funds, you may break growth investments.

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Emergency backup is not optional. It is a must.

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Secure Yourself with Insurance

Take health insurance of at least Rs. 5 lakhs.

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Do not depend only on savings for medical needs.

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One illness can break your financial plan completely.

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Also take term insurance if you have financial dependents.

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Term insurance is low cost. It protects your child’s future if something happens to you.

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Monthly Income Through SWP – Simple Strategy

Choose a suitable mutual fund with low volatility.

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Invest Rs. 3 lakhs in it through a Certified Financial Planner.

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Start withdrawing Rs. 4,000–5,000 per month.

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This gives you steady income. Your capital also grows slowly.

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Review once a year to check returns and adjust withdrawals.

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Do not stop growth investing in other bucket even if income is needed.

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Continue Freelance Income Planning

Keep aside small savings every month.

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Try building SIPs of Rs. 2,000–5,000 monthly when income allows.

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Invest surplus income in your child’s goal fund.

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Automate the savings so that you stay consistent.

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Avoid frequent changes. Let long-term plans stay intact.

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Review Investment Every 6–12 Months

Meet your Certified Financial Planner every year.

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Review your income, child’s goal progress, and safety fund.

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Adjust portfolio as per changing income or family needs.

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If income increases, move more funds to growth bucket.

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Do not make sudden decisions due to market news.

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Avoid Emotional Financial Decisions

Do not invest in schemes that promise fast income.

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Avoid friends and relatives’ advice that is not goal-linked.

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Avoid buying real estate for rental income. It locks funds and needs maintenance.

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Do not invest in annuities. They give low returns and no flexibility.

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Say no to index funds. They are passive and don’t suit long-term goal changes.

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Avoid direct funds. Stay with regular funds through CFP-supported MFDs.

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Protect Your Child’s Future

Start a separate goal plan for child’s education.

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A small SIP now will build a big corpus in 15 years.

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Keep this money untouched. It is not for regular income.

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Tell your Certified Financial Planner about this specific goal.

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Add small amounts whenever you get surplus from freelance work.

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Think Ahead

Plan next 5 years with income, growth, and protection.

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Next 10 years must focus on child’s education planning.

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From 15th year onwards, you will have a matured education fund.

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After that, shift focus to your own retirement.

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Step by step planning brings balance and peace.

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Finally

You have inherited Rs. 6–8 lakhs. This is a big opportunity. Use it wisely.

Use part of it for monthly income with SWP. Use the rest for growth.

Avoid emotional or risky investments. Avoid direct funds and index funds.

Actively managed funds through MFDs with CFP support give better results.

Build an emergency fund. Keep insurance in place.

Keep investments and income balanced. Stick to the plan.

Review often. Adjust carefully. Think long-term.

Your son’s future and your peace of mind will depend on what you do today.

Start simple. Stay consistent. Avoid shortcuts.

This small corpus can bring big life changes when managed the right way.

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

...Read more

Nayagam P

Nayagam P P  |5627 Answers  |Ask -

Career Counsellor - Answered on Jun 02, 2025

Asked by Anonymous - May 31, 2025
Career
Greetings sir, I've did my schooling in CBSE and I've scored 92.4 percentage in my Board exam, my cutoff is around 186 and i also have an army quota, I wish to pursue CSE in any reputed colleges in Tamilnadu
Ans: With a TNEA cutoff of 186 and Army Quota (Sons/Daughters of Ex-Servicemen), you can target CSE in these reputed Tamil Nadu colleges:

SSN College of Engineering (Chennai): CSE cutoff for General hovers around 190–200 marks, but Army Quota (8 seats in university departments) significantly lowers rank requirements.

PSG College of Technology (Coimbatore): CSE requires ~180–190 marks; Army Quota (34 seats in govt/aided colleges) enhances admission chances.

Thiagarajar College of Engineering (Madurai): CSE cutoff ~170–180 marks; quota seats in govt colleges improve accessibility.

Coimbatore Institute of Technology (CIT): CSE cutoff ~170–180 marks; Army Quota applies to affiliated institutes.

Kumaraguru College of Technology (Coimbatore): CSE cutoff ~160–170 marks; quota seats in self-financing colleges (108 seats) offer opportunities.

Saveetha Engineering College (Chennai): CSE cutoff ~175–180 marks; Army Quota applicable across categories.

Anna University (MIT Campus): CSE cutoff ~180–190 marks; university departments reserve 8 seats for ex-servicemen.

Government College of Technology (Coimbatore): CSE cutoff ~160–170 marks; govt colleges prioritize quota candidates.

Sri Venkateswara College of Engineering (Kancheepuram): CSE cutoff ~150–160 marks; quota seats in aided colleges.

Rajalakshmi Engineering College (Chennai): CSE cutoff ~140–150 marks; Army Quota applicable in self-financing institutes.

Recommendation: Prioritize SSN, PSG Tech, and CIT during TNEA counseling, leveraging Army Quota provisions (submit valid Ex-Servicemen certificates). Include mid-tier colleges like Kumaraguru and Saveetha as backups, ensuring optimal branch allocation.
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