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Milind Vadjikar |1205 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Apr 23, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Sunil on Apr 23, 2025

Money

Hi please let me know how much is fees for a CFP..

Ans: Hello;

It will vary from person to person, extent of financial planning and advice required etc.

It would not be appropriate for me to hazard a guess.

You may check with CFPs in your city.

Best wishes;

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 Vijay - Jun 06, 2024Hindi

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Thank you for your prompt response. Could you guide me to some CFP who can guide me in this?

Ans: You're welcome! If you have any more questions or need further assistance, feel free to ask. I appreciate your trust and willingness to connect.

Let's embark on this financial journey together.
You can reach me through my website mentioned below.
This platform has restrictions on sharing personal contact. Hope you understand.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Question by Sanjib - Jun 08, 2024Hindi

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What is the Fees of a Certified Financial Planner?

Ans: The fees for a Certified Financial Planner (CFP) vary widely.

Fee Structures
CFPs charge in different ways:

Hourly Rate: Rs 2000 to Rs 10,000 per hour.

Flat Fee: Rs 15,000 to Rs 75,000 for a comprehensive plan.

Percentage of Assets: 0.5% to 2% annually.

Retainer Fee: Rs 10,000 to Rs 50,000 per year.

Commission-Based CFPs
In India, many CFPs work on a commission basis.

Product Commissions: They earn from selling financial products like mutual funds and insurance.

No Direct Fees: You don’t pay them directly; they earn from your investments.

Professional Guidance: Choose a professional CFP who works on commission. It can be beneficial as they are motivated to help you grow your investments.

Services Provided
Comprehensive Planning: Includes retirement, tax, and estate planning, costing more.

Specific Advice: Focused on a single issue, typically costing less.

Experience and Reputation
Highly Experienced CFPs: Charge higher fees due to reputation.

Less Experienced CFPs: Charge lower fees to attract clients.

Location
Urban Areas: Higher fees due to living costs.

Smaller Cities/Towns: Lower fees.

Value of Professional Guidance
Personalized Advice: Tailored to help you achieve financial goals.

Long-term Benefits: Leads to better financial decisions.

Final Insights
Fee Structures Vary: Know the different ways CFPs charge.

Consider Services and Experience: Evaluate what you need and the CFP’s experience.

Weigh Costs vs. Benefits: Consider the long-term benefits of professional advice.

Commission-Based CFPs: They can be a good choice, offering motivated, growth-focused guidance.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

Ramalingam Kalirajan |8317 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 02, 2024

Question by Abhijit - Aug 02, 2024Hindi

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Please guide me to contact CFP and about their charges .

Ans: I appreciate your trust and willingness to connect with a CFP.
Let's embark on this financial journey together.
You can reach me through my website mentioned below.
This platform has restrictions on sharing personal contact. Hope you understand.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 03, 2025

Asked by Anonymous - May 03, 2025

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My daughter for BE which cource is best AIML or AI,DS higer package and good college in bangalore

Ans: Hello Dear.
AIML, AI, and DS are all computer-related courses and are interrelated to each other. The choice of course depends on the interest. Without having the interest, if someone chooses it, then the candidate also loses interest in earning. What your daughter thinks about these courses is more important. But to suggest, prefer AIML. Some of the top colleges in Bangalore are RVCE, PESU, BMSCE, and MSRIT. Best of luck to your daughter for her bright future.
Follow me if you like the reply. Thanks
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My son crl 74357..what is his chance of getting lnmiit jaipur.

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You have provided insufficient information for an accurate prediction.
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Hi,I have lost job last year at the age of 53. I am currently not working anywhere. I have received Retrenchment Compensation from employer. Can I claim exemption from tax under Section 10(10B) .I am not sure if employer has shown it as retrenchment or not. Please suggest if I can show received amount as Retrenchment Compensation & claim income tax benefit.

Ans: 01. Please confirm :
(a). whether your employer has shown this amount as RETRENCHMENT COMPENSATION or as SALARY ?
(b). Whether any TDS has been deducted on this amount or not ?
02. Kindly note that Retrenchment Compensation is Exempt, subject to certain conditions, like your length of Service, actual Amount Received & subject to maximum limit of Rs.5.00 (L) etc.
Most welcome for any further clarifications. Thanks.

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Hello I am in relationship with my maid as she is working in my house as she is widow we talk casually but sometimes physical touch will be there she will not say anything she is not that much qualified I don't know his age. Can I take this forward there will be huge complications in family after hearing this news. I am earning member but single.

Ans: You're in a sensitive situation that involves emotional, social, and power dynamics. While it's possible to build a genuine relationship with someone in a different social position, it's crucial to ensure it’s mutual and not based on dependency or silence.

Her not objecting to physical touch doesn’t automatically mean consent or emotional interest—she may feel unable to speak freely because of her job. Before taking things further, have an honest, respectful conversation. Ask her how she feels, without pressure, and make it clear her job is secure no matter what.

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Asked by Anonymous - May 03, 2025

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Hi ma'am plz I need a widow woman plz give me a contact number

Ans: sorry can't my post number here as per policy of platform
you can connect via social media
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Asked by Anonymous - May 03, 2025

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Dear sir, I have graduated from petroleum engineering in 2021. After giving 4 years to UPSC and state PCS, I want to start a fresh career so that I can earn. Please provide some suggestions on how to start afresh.

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Career Counsellor - Answered on May 03, 2025

Asked by Anonymous - May 03, 2025

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IIIT NAGPUR ECE OR MANIT BHOPAL CIVIL Which is best for both private and government sector jobs

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Question by SATISH - May 03, 2025

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rediff.com Rediff Gurus Logo Hi SATISH MISHRA | Sign Out HealthHealth MoneyMoney RelationshipRelationship CareesCareer Ask your questions about health, money, relationship or careers here Ask Anonymously SATISH SATISH 3 Questions 12 Answers 0 Gurus 0 Bookmarks These questions will be answered soon. Not Answered yet SATISH Asked on - Apr 29, 2025 I have 10 L lump sum. I want to park it and then do STP. I have two debt funds Nippon liquid and Axis Short term fund, which one will be better to park for stp? How much time should be given to move this to equity by STP. I have Nippon and ICICI large cap, hdfc mid cap,Nippon multi cap and hdfc hybrid equity. Which would be better and how much stp every month? Or do I need to open one more fund for STP? Please guide me for horizon of 6 years

Ans: Hello;

Your query is very specific. I recommend you to consult an MFD or an investment advisor to get a bespoke solution to your query.

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Question by ISHAAN - May 02, 2025

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Sir i recieved an email from iit madras inviting me to join the BS Data Science program (online) based on my jee mains score. What are the prospects of doing this course besides btech parallely..

Ans: Hello Ishaan.
First of all congratulation to you.
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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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