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Ulhas Joshi |279 Answers |Ask -Follow

Mutual Fund Expert - Answered on Aug 28, 2023

With over 16 years of experience in the mutual fund industry, Ulhas Joshi has helped numerous clients choose the right funds and create wealth.
Prior to joining RankMF as CEO, he was vice president (sales) at IDBI Asset Management Ltd.
Joshi holds an MBA in marketing from Barkatullah University, Bhopal.... more

Asked by Anonymous - Aug 20, 2023Hindi

Money

Hello! Ulhas, I would like to invest 60,00000 lakhs to generate a monthly income of 1,00000. Kindly help with a income generation portfolio. I am 51 and retired, with no liabilities. Regards, NJ

Ans: Hello and thanks for writing to me. Please share for how long you wish to draw Rs.1 Lakh every month and other details like your risk appetite and other details for me to recommend you schemes.

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 SADANAND - Mar 08, 2023Hindi

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Hello, This is Anand from Mumbai. I am 50 yrs old working with a Pvt Co. I want to generate an income of Rs 1 Cr by the end of 58 yrs of my age. I expect my income should be around Rs 1 - 1.25 lacs per month from my 59th yr onwards based on the investments which I will make between these 8 years. Kindly advice me with suitable mix of investment portfolios like equities / MF's / other investment plans which will meet my requirement after 8 years.

Ans: Hello Anand and thank you for writing in.

To generate a corpus of Rs.1 Crore in 8 years, you need to start SIP's of around 61,000 every month.

You can begin by investing in:

1-Samco Flexicap-Rs.21,000
2-Edelweiss Nifty 100 Quality 30 TRI Index Fund-Rs.20,000
3-DSP Quant Fund-Rs.20,000

Annually stepping up the SIP's will help you create a larger corpus.

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Asked by Anonymous - Aug 18, 2023Hindi

Money

Hello! Ulhas, I intend to invest sixty lakhs so that I can generate an income of one lakh per month. Kindly suggest a diversified portfolio to do so. I am 51, retired with no pension. No EMIs and without any other financial liability.

Ans: Hello and thanks for writing to me. Please share details like your risk appetite, time horizon and how long you wish to withdraw Rs.1 Lakh monthly from your corpus.

Sunil Lala |203 Answers |Ask -Follow

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Question by Rajshekhar - Nov 30, 2023Hindi

Money

Hello sir, I am 50 yrs, want to invest 70 lacs and expect a onthly income of 30k,i have no loans,own a house,no liabilities.Aditionally i earn 30 k..together with 60k i want to lead a good decent life..pl suggest.

Ans: From when do you need 30k. Invest in equity mutual funds

Vivek Lala |301 Answers |Ask -Follow

Tax, MF Expert - Answered on Jun 24, 2024

Asked by Anonymous - Jun 23, 2024Hindi

Money

I am 50 year old retired person.I have fd of 2 cr ,50 lacs gold,12 lacs stock ,15 lacs mutual funds 10 lakhs in govt bonds.I need 1 lakh monthly income to sustain myself.Please.suggest how to invest so to get regular income.

Ans: Hello, glad to see that you have retired at the age of 50yrs
According to me , you can have the following strategy :
Mutual funds - 2.27crs
FD for emergency money - 25L
Gold - 20L
Stocks ( super aggressive ) - 15L

Your Mutual fund can have SWP started of 1L per month which is about 5.3% per annum
Funds that can be selected for the mutual fund portfolio :
1) Mid cap - 30%
2) Small cap - 30%
3) Multi cap - 15%
4) Large and mid cap - 15%
5) Equity Hybrid fund - 10%

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Let me know if you want more clarity for the same on my LinkedIn Profile
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Asked by Anonymous - Nov 20, 2024Hindi

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I have superannuation schrme with presemt employer and they have discountinued the same. I sm of age 54 years now and employer asked to withdraw 33% fund and balance fund will convert in pension scheme. I have question that this 33% fund will attract tax as per Invome tax of Indian Govt?

Ans: 01. Payment of 33% of Fund being received at the time of Voluntary Retirement/Superannuation is taxable under the head "Income from Salary." However, a maximum of Rs.5,00,000.00 is exempted u/s 10(10)(C), subject to certain conditions. Since your question does not specify the nature of Job, the Company in which you served, Length of service & Whether the scheme of Superannuation is approved or not etc,, it is difficult to give you a clear view.
Most welcome for any further clarifications. Thanks.

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Question by Srinivasa - Nov 23, 2024Hindi

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Best college for bachelor in computer science in india other than iit, iiit, nit, bits

Ans: Hello Srinivasa
It would be biased to quote the name of only a single college for CSE in India. Yet you can choose the best which is suitable for you from the following list:
(1) Vellore Institute of Technology (VIT), Vellore
(2) SRM Institute of Science and Technology (SRMIST), Chennai
(3) Shiv Nadar University (SNU), Greater Noida
(4) PES University (PESU), Bengaluru
(5) Christ University, Bengaluru
(6) Jain University, Bengaluru
(7) Amrita Vishwa Vidyapeetham, Coimbatore
(8) Manipal Institute of Technology (MIT), Manipal
(9) Ashoka University, Sonipat (for Computational Sciences)
(10) Kalinga Institute of Industrial Technology (KIIT), Bhubaneswar
(11) Symbiosis Institute of Technology (SIT), Pune
(12) Chandigarh University, Chandigarh
(13) Lovely Professional University (LPU), Jalandhar
(14) DA-IICT, Gandhinagar
(15) NMIMS (Mukesh Patel School of Technology), Mumbai
Before selecting the college, please check the parameters such as Placement Records, Location, Specializations, Campus Facilities, Alumni Network, etc.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 22, 2024Hindi

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Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 22, 2024Hindi

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I am completed B.Tech. in Civil (7.42) in 2023 but didn't get any job. Since then I start preparation for government exam but haven't had a chance yet. I am totally confused and frustrate about my career. What should I do right now?

Ans: Donot become frustrated. You have to hard work and dedication to get govt. job

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Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Question by Brahmendra - Nov 21, 2024Hindi

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Hello Sir, this is Brahmendra an IT professional for past 20 years. My son is studying +1 and preparing for JEE along with other engineering entrance exams. Academically, he is an above average student (scored 90% in class X CBSE) but has good aptitude & reasoning skills. Somehow, he likes to study mechanical engineering. Q1) Nationally, what colleges are good/best for mechanical? 2) In worst case, if he could not get into premium colleges like NITs, IITs, VITs & CBITs etc., can he still make a good career in that field? 3) Are there enough campus interviews happening for that branch in their industry and do they have enough off-campus opportunities? Being in IT industry, I am aware even an average student with good skills in programming can easily make their career. But when I was teaching him the programming in his previous classes, he did not find it interesting.

Ans: A1. IITs and NITs are best A2. In that case, he should do master's from foreign university A3. Campus interviews and off-campus is less than IT/CSE

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Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 21, 2024Hindi

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I am currently studying in 3rd year of mechanical engineering in govt. College sir, can I get a job?. And what courses should I do?....

Ans: You can get a job, but for getting best job you should do masters from foreign university

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Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 20, 2024Hindi

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Sir My son is studying in IIT and at a very later stage he expressed his averseness to complete the course. He wanted to pursue fresh degree in computer science. We tried to convince him but not getting convinced. Please suggest way forward.

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Question by Akash - Nov 20, 2024Hindi

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Insurance, Stocks, MF, PF Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 22, 2024Hindi

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Hi , I am 28 years old wanted to start sip , how much I monthly invest and please layout best possible plan for me so that I can have a corpus of 1cr by the time I am 40.

Ans: Hello;

You may start a monthly sip of 30 K in a combination of flexicap fund and a Large and Midcap fund in the proportion of 50:50, for 12 years. Do lumpsum investments as and when possible in your sip funds to boost your effort.

After 12 years you may expect a corpus of around 1 Cr assuming modest 12% returns.

Happy Investing;
X: @mars_invest

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Asked by Anonymous - Nov 22, 2024Hindi

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My son completed btech mech in 2024..didnt get placement...nor got gate qualified...what to do next

Ans: He should prepare very sincerely for GATE (2025). Not only hard work, he must do smart work. Apart from that he can join some 2-wheeler repairing servicing centre for hands on training. If he becomes skilled in that he need not search job, job will come to him. He needs ,ore practical knowledge. Best of luck to your son. MAY GOD BLESS HIM. Professor......................:)

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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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