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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Aug 08, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Asked by Anonymous - Jul 24, 2023Hindi

Money

Hi, for a time horizon of maximum 3 years, which option is advisable & tax friendly. 1. Investment in mutual fund. 2. Investment in FD in a Small finance bank which offer a higher FD rates of around 8 %. Thanks for your guidance.

Ans: Hello value investors. If you are looking for investment with less than 3 years, you may consider multi-asset hybird and large cap mutual funds for your portfolio. Capital gain in MF or interest received on FD both are taxable.

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 Harish - Feb 25, 2023Hindi

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I have 15lac amount at present. I am looking to invest in FD. But i need advice whether FD is Better or Mutual fund or any other. please suggest

Ans: This will entirely depend on your risk profile, investment horizon, liquidity requirements and your tax bracket.

If FDs and MFs are being compared, then Debt Mutual Funds would be comparable from risk-return perspective to FDs. If you choose the correct category of Debt MFs, then from the perspectives of returns, liquidity and flexibility, Debt MFs would score better. If you stay invested for more than 3 years, you would save a huge amount of tax vis-à-vis FDs. As far as safety is concerned, please choose the correct category like Banking & PSU Funds, and similar categories if you want similar sfety to FDs.

Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Jul 04, 2023

Asked by Anonymous - Jun 29, 2023Hindi

Money

Hi Mr, Nikunj, Can you please suggest in Mutual Funds where i can invest safely Rs. 1 Lakh with good returns after 3 years term and the returns would be much better than FD rates.

Ans: Hello Value Investor. You can consider balanced advantage, multi asset and large cap category for your investment.

Ramalingam Kalirajan |7758 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jun 03, 2024

Question by Ashok - Jun 03, 2024Hindi

Money

Hi sir, One of FD is maturing next week(32lac). Please advise whether this to be invested in FD or mutual funds. If mutual funds then advise the mutual funds to invest. My age is 60yrs. Please advise. Ashok

Ans: Dear Ashok,

Congratulations on reaching this milestone. You have Rs 32 lakhs from a maturing Fixed Deposit (FD). At the age of 60, it’s vital to balance safety, liquidity, and growth in your investments.

Understanding Your Financial Goals
Before diving into investment options, let's understand your financial goals. Do you need regular income, preservation of capital, or growth? Your age suggests a need for a conservative approach, but with some exposure to growth for inflation protection.

Fixed Deposit: Safety and Predictability
Fixed Deposits (FDs) are safe and predictable. They offer guaranteed returns, making them suitable for risk-averse investors.

Benefits:
Safety: Capital is protected.
Guaranteed Returns: Interest rates are fixed.
Liquidity: Can be broken with a penalty if needed.
Drawbacks:
Low Returns: Typically lower than inflation.
Taxable Interest: Interest is fully taxable.
Mutual Funds: Growth and Diversification
Mutual Funds offer diversification and potentially higher returns. Given your age, a balanced approach focusing on low to moderate risk is ideal.

Benefits:
Higher Returns: Potentially higher than FDs.
Diversification: Spread across various assets.
Tax Efficiency: Long-term capital gains are taxed favorably.
Drawbacks:
Market Risk: Returns are not guaranteed.
Complexity: Requires understanding fund types.
Conservative Mutual Funds
Given your need for safety and some growth, consider conservative mutual funds. These include debt funds, hybrid funds, and balanced advantage funds.

Debt Mutual Funds
Debt funds invest in fixed-income instruments like government bonds and corporate debt. They are less risky than equity funds.

Benefits: Stable returns, low risk.
Suitable For: Capital preservation and modest growth.
Hybrid Mutual Funds
Hybrid funds invest in both equity and debt. They offer a balance between risk and return.

Benefits: Diversified risk, balanced returns.
Suitable For: Moderate risk appetite and inflation protection.
Balanced Advantage Funds
Balanced advantage funds dynamically adjust between equity and debt based on market conditions.

Benefits: Automated balance between risk and return.
Suitable For: Those who want professional management of asset allocation.
Evaluating FD vs. Mutual Funds
Safety and Returns
FD: Offers safety and predictable, but lower returns.
Mutual Funds: Potential for higher returns, but with market risks.
Tax Efficiency
FD: Interest is fully taxable.
Mutual Funds: Long-term capital gains are taxed favorably.
Liquidity
FD: Liquidity comes with penalties.
Mutual Funds: Generally more liquid, with easy withdrawal options.
Personalized Investment Strategy
Given your age and need for a balanced approach, here’s a suggested strategy:

1. Split the Investment
Divide Rs 32 lakhs into two parts: 50% in FDs for safety and 50% in mutual funds for growth.

2. Choose Suitable Mutual Funds
Select conservative funds to balance risk and return. Here are some categories:

Debt Funds: Invest Rs 10 lakhs for stability.
Hybrid Funds: Invest Rs 6 lakhs for balanced growth.
Balanced Advantage Funds: Invest Rs 6 lakhs for dynamic management.
3. Regular Review
Regularly review your portfolio to ensure it aligns with your goals and market conditions.

Practical Steps for Implementation
Consult a Certified Financial Planner: Get personalized advice to align investments with your financial goals.

Research Funds: Look for funds with a good track record, low expense ratio, and suitable risk profile.

Diversify: Spread investments across different types of funds to reduce risk.

Monitor and Rebalance: Keep track of your investments and rebalance as needed to maintain the desired asset allocation.

Final Thoughts
Balancing safety and growth is essential at this stage of life. By diversifying your Rs 32 lakhs between Fixed Deposits and conservative mutual funds, you can achieve stability and growth. Regular monitoring and adjustments will ensure your portfolio remains aligned with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Career Counsellor - Answered on Feb 02, 2025

Question by Rajan - Jan 30, 2025Hindi

Career

Hi I left my pvt banking job LPA 11.5L in December 2023 after that I have started business which was not went well so again I decided to start my career my age is 36 M finding very difficult to find a job, received only few call but after I say my package and gap they are telling will call you back. Need suggestions let me know any career break options available

Ans: Rajan Sir, To re-enter the job market after a break, adjust your job search approach, be open to a slight pay cut, target mid-senior roles, network aggressively, and leverage recruiters. Frame your business experience as entrepreneurial learning, highlighting skills gained in finance, risk management, and decision-making. If banking roles aren't working out, consider alternative career options like FinTech & NBFCs, Wealth Management & Investment Advisory, Freelance Financial Consulting, EdTech & Corporate Training, and Government & PSU Jobs.

A short-term fix for skill enhancement is certifications like CFA, or Financial Modelling courses, upskilling in digital banking, or freelancing for financial consultancy. Focusing on networking, flexibility, and skill enhancement will help you land a job soon. All the Best for your Prosperous Future.

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Radheshyam Zanwar |1172 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 02, 2025

Question by govinda - Feb 02, 2025Hindi

Career

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Ans: Hello Govinda.
Thanks for sharing the important information with us and our readers.

Nayagam P P |4086 Answers |Ask -Follow

Career Counsellor - Answered on Feb 02, 2025

Question by Arun - Jan 31, 2025Hindi

Career

How much money I can make if I join as a clerk in SBI at the age of 30

Ans: Arun, At the age of 30, a Clerk (Junior Associate) at State Bank of India (SBI) can expect a basic pay of ?19,900 per month, with a pay scale of ?17,900 – ?47,920. After deductions, the in-hand salary ranges from ?29,000 – ?32,000 per month. The annual salary package ranges from ?4.5 – ?5.5 LPA. Additional benefits include Dearness Allowance (varies based on inflation), House Rent Allowance, Transport Allowance, Medical Benefits, Insurance, Loan & Pension Benefits. Regular increments and promotions can increase earnings, and a salary of ?60,000 per month can be achieved over 10-15 years. All the Best for your Prosperous Future.

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Nayagam P P |4086 Answers |Ask -Follow

Career Counsellor - Answered on Feb 02, 2025

Asked by Anonymous - Jan 21, 2025Hindi

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Does Fergusson College Pune offers BA honors in Psychology course? if yes is it a good college to study psychology?

Ans: Fergusson College in Pune offers a Bachelor of Arts program in Psychology, admitting 96 students annually. Established in 1979, the college's Department of Psychology provides a solid foundation in psychological theories and practices. Students have access to experienced faculty, comprehensive resources, and a well-equipped library. The college's beautiful campus, dedicated faculty, and supportive learning environment are praised. Facilities like hostels, canteen, gymnasium, computing center, and library support students' development. Overall, Fergusson College is a reputable institution for psychology education. To know more, please visit the website of the college. All the Best for your Prosperous Future.

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Career Counsellor - Answered on Feb 02, 2025

Asked by Anonymous - Feb 02, 2025Hindi

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I am working with insurance broker since 20yrs. I am looking for an additional income for long run. Is career counciling viable as a side hustle.

Ans: Career counseling can be a profitable side hustle if you have strong communication skills, industry knowledge, and a passion for guiding others. It offers growing demand, flexibility, and low investment. To get started, gain expertise by researching career trends, job markets, and education pathways. Consider certifications from Mindler, EduMilestones, Counsel India etc.. Choose a niche and leverage experience to counsel finance, risk, and insurance aspirants. Build an online presence by creating LinkedIn articles, offering free webinars, or joining career counseling platforms. Start small by offering free or low-cost sessions to gain testimonials and build credibility. All the Best for your Prosperous Future.

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Nayagam P P |4086 Answers |Ask -Follow

Career Counsellor - Answered on Feb 02, 2025

Asked by Anonymous - Feb 02, 2025Hindi

Career

Sir I am a student of class 12.I am a JEE aspirant.I wish to study abroad if I cannot get a cs seat in a good iit, but I missed all the deadlines ( I got this idea recently).Is it ok to wait for a year and upgrade my skills to study at ucl in case I don't get into iit?

Ans: Have You Checked Your JEE (Main) Score? What’s Next?

By now, you have appeared for JEE (Main). Have you checked the answer key and assessed your score? Understanding where you stand will give you a clearer idea of your performance in JEE (Advanced).

Exploring Other Options:
IIT is not the only pathway to a great career in Computer Science. You can also consider other entrance exams or explore studying abroad.

Considering a Gap Year for Studying Abroad:

If you’re aiming for top universities like UCL but missed application deadlines, taking a gap year can be a strategic move. It allows you to:

1. Strengthen your academic profile (SAT/ACT, TOEFL/IELTS, subject tests)
2. Gain experience through internships, research, and open-source contributions
3. Improve your programming skills and competitive coding performance
4. Apply for better scholarships and multiple global universities

Challenges & How to Overcome Them:
A gap year requires discipline and planning. Challenges include:
1. Social expectations – Overcome doubts with a clear action plan
2. Staying productive – Engage in structured learning, internships, and projects
3. Financial planning – Research scholarships and funding opportunities

What You Can Do in a Gap Year?: 1. Retake JEE (if needed) 2. Prepare strong applications for international universities

If you secure a good CS seat in India, that’s a great option. However, if you wish to explore global opportunities, a well-planned gap year can help you gain admission to top institutions like UCL. All the Best for your Prosperous Future.

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Radheshyam Zanwar |1172 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 02, 2025

Question by Jayesh - Feb 01, 2025Hindi

Career

But sir I literally promised my parents when I took PCM in class 11th that I am taking PCM and I will promise that I will do B Tech only from IIT. Now what about my promise? I know all IITians are not successful but if I will not complete my promise my parents will lose faith in me. I am literally sad now what should I do please give me advice please suggest me way should I contact IIT's professor/chairman and should I ask him for repeating 10th or 12th with other name just for completing my parents promise is legal or not? Please understand my situation I am very depressed from so many months

Ans: Hi Jayesh, please ask your queries in the follow-up so that it would be possible for me to get the exact reference of the previous question and answer (reply)

Radheshyam Zanwar |1172 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 02, 2025

Question by Jayesh - Feb 01, 2025Hindi

Career

Even IITs are playing with Student's career why they released press release regarding 3rd attempt for JEE advanced on 5th November and again on 18th November why JAB restored 2 attempts for JEE advanced Is it not illegal by changing rules after declaring official press release? Even NEET has unlimited attempts for AIIMS then why IITs are stopping us by adding limits on number of attempts? Atleast IITs should give 3rd attempt for this year because they promised us on 5th November by declaring press release

Ans: Hi Jayesh, please ask your queries in the follow-up so that it would be possible for me to get the exact reference of the previous question and answer (reply)

Dr Nagarajan Jsk |226 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Feb 02, 2025

Question by Pawan - Feb 02, 2025Hindi

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सर मेरी बेटी ने 10वीं की परीक्षा उत्तर pradesh से CBSC board से दी है क्याव्ह १२ वी की परीक्षा दिल्ली से दे sakti है और उसके बाद नीट की परीक्षा यूपी से दे या दिल्ली से

Ans: According to NEET UG2024, the following answers address your query:

Choice of Centre Cities will be limited to the State of Permanent Address or State of Present Address only.
For convenience, the candidates may select their own city or neighbouring cities in their State of Residence only and not for far away cities in other States. NTA will not be responsible for any inconvenience due to the incorrect selection of cities by the candidates.

Please note that the selection is NOT based on where your daughter completed her +2 education. It is strictly based on either the permanent address or the present address of the state (which may be determined by the Aadhar card) where you reside. Therefore, it is crucial to be very careful when filling out the application form.

BEST WISHES.

POOCHO. LIFE CHANGE KARO!

Dr Nagarajan Jsk |226 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Feb 02, 2025

Asked by Anonymous - Jan 31, 2025Hindi

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In cuet pg if we have selected for two test papers will we get different slots and different dates

Ans: According to the eligibility criteria of the universities where you plan to seek admission, you can choose up to four different test papers. The examination will be conducted in 2-3 shifts, with a duration of 90 minutes for each shift. Every candidate will have the opportunity to participate; thus, the NTA will organize the CUET without any controversies. You will receive more clarity during the application process.
ALL THE BEST.

POOCHO. LIFE CHANGE KARO!

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