Starting NPS at 51 - Is it too late?

Ans: Hello Dear.
Your son can be admitted to the commercial pilot course after his 12th (i.e. +2 grade) with MPCB subjects. He must follow the course's guidelines and percentile requirements. It would be suggested that one should take the admission immediately after the 12th. The future of the commercial pilot is very bright provided one should have a keen interest in it. Many students initially choose this profession, but later they get disappointed. Before choosing such courses, one should take immense care. The lifestyle of a commercial pilot is different than that of a normal person. It would be better to check the physical fitness, mental fitness, and other parameters of your son before choosing this career.
Best of luck to your son for the upcoming examination and his bright future.

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Radheshyam

Ans: Yes, you can. But before that learn about it from net and YOU TUBE and practise it for three months. Then go for a good certificate course which is having collaboration with a reputed IIT. Best of luck. Just follow me. May God Bless You. Professor......................................:)

Ans: It will be difficult to convince your parents. It's good you lost only one year, there are many candidates who have lost 4-5 years for repeated attemmpt of UPSC. UPSC is a big trap and hardly very few percentage clears it. First engage yourself, then try. Since you are B.Sc, B.Ed try for teaching job in schools, if you don't get start online and off line tuitions. Once you start earning you will feel happy and your minds will be fresh. Then you try for UPSC parallely. At least even if you fail you will have teaching experience. Start preparing for UPSC once you start earning. Best of luck. Just follow me. May God Bless You. Professor......................................:)

Ans: Your field of study is an ever changing field, so whatever you have studied upto 2022 must be obsolete by this time. I would advise you to pursue a certificate course in AI & Manchine Learning from a good organization who is having collaboration with a reputed IIT. Before joining the course practise and learn the basics of AI & ML from net and videos available in YOU TUBE. It will help you to complete the course more successfully. I am confident after this upgradation of your skill and Bio-Data you will get a job. Best of luck. Just follow me. May God Bless You. Professor......................................:)

Ans: Yes it is a good career option. MBA as a career has varied opportunities and good growth prospect if you perform.

Ans: It will help him. It's the only way, because he can't go for a full time course of Computer Engg. for four years. But before the certification course let him study the syllabus and practise it thoroughly from the materials available in net and YOU TUBE. Once he becomes comfortable let him join the course. This initial practice will help him to complete the course more successfully. Best of luck. Just follow me. May God Bless You. Professor.............................:)

Ans: Why not? Surely you will get. Best of luck. Just follow me. May God Bless You. Professor.............................:)

Ans: There can be some sensory issues in children. Many a times Children have some aversion towards loud sounds if they have not been exposed to loud sounds. Instead of just removing the loud sounds,we can try to introduce her to loud sounds which she can bear and gradually increase the decibels. Once she gets used to it . Don't be in haste ,it has to be done gradually. Introduction to small social groups and gradually to bigger group too can be one way to get her comfortable.

Ans: Your financial planning reflects strong foresight and effective resource allocation. With a corpus of Rs. 20 crores and no liabilities, your position is financially stable. Let us evaluate your financial setup from a 360-degree perspective and suggest areas for optimisation.

Assessment of Current Allocations
Equity Portfolio: Stocks (Rs. 6.5 Crores)
Your equity allocation reflects a growth-oriented approach.
A diversified stock portfolio is ideal for long-term growth.
Ensure the portfolio is well-balanced across sectors and market capitalisations.
Mutual Funds (Rs. 5 Crores)
Mutual funds provide diversification and professional management.
Review the fund categories to maintain a mix of large-cap, mid-cap, and flexi-cap funds.
Regular performance reviews are essential to optimise returns.
Debt Instruments (Rs. 5 Crores)
Allocating Rs. 5 crores for your sons’ education is prudent.
Ensure the debt investments are in low-risk instruments like bonds or fixed deposits.
Laddering maturity dates aligns well with your sons’ educational timelines.
Gold (Rs. 2 Crores)
Gold provides stability during market volatility.
Keep it as a hedge against inflation but avoid further allocation to this asset.
Savings Account (Rs. 1.8 Crores)
Holding Rs. 1.8 crores for 12 years of expenses is a cautious approach.
Move a part of this amount into liquid funds for better returns with liquidity.
Income and Monthly Expenses
Rental Income (Rs. 8.4 Lakhs Annually)
Rental income covers 70% of your monthly expenses.
Ensure the rental property is well-maintained to sustain consistent returns.
Dividends (Rs. 10 Lakhs Annually)
Dividend income provides an additional safety net.
Reinvest surplus dividends into mutual funds for compounded growth.
Monthly Expenses (Rs. 1 Lakh)
Your monthly expenses are comfortably managed.
Maintain a contingency fund of at least Rs. 20-25 lakhs for unexpected costs.
Recommendations for Optimising Equity Portfolio
Focus on Quality Stocks

Prioritise stocks of companies with strong fundamentals and consistent earnings.
Avoid overexposure to any single sector or company.
Systematic Equity Investments

Add to your equity portfolio gradually through Systematic Transfer Plans (STPs).
This reduces market timing risks.
Regular Portfolio Review

Review the equity portfolio annually.
Exit underperforming stocks and reallocate to high-growth opportunities.
Enhancing Mutual Fund Returns
Diversify Fund Selection

Include funds with different strategies to maximise returns.
A Certified Financial Planner can help identify high-performing funds.
Avoid Direct Mutual Funds

Regular funds offer advisory support for timely rebalancing.
This helps navigate market volatility effectively.
Utilise Tax-Efficient Withdrawals

Plan withdrawals systematically to reduce tax liability on capital gains.
Debt Instruments: Securing Educational Goals
Low-Risk Instruments for Predictable Returns

Allocate funds to secure options like government bonds, fixed deposits, or debt mutual funds.
Match the maturity timelines with educational milestones.
Avoid Premature Withdrawals

Breaking long-term debt investments can reduce returns.
Use other funds for emergencies to protect this allocation.
Optimising Gold Allocation
Retain as a Hedge

Gold should form no more than 10% of your portfolio.
Avoid further investments unless there are specific requirements.
Leverage Gold for Liquidity

Gold-backed loans can provide temporary liquidity if needed.
Savings Account Allocation
Move Funds to Liquid Investments

Savings account returns are suboptimal for such a large balance.
Move funds into liquid funds for higher returns and liquidity.
Emergency Fund Segregation

Retain Rs. 50 lakhs for immediate emergencies.
Invest the rest in short-term debt instruments or liquid funds.
Maintaining a Comfortable Retirement
Healthcare Planning

Ensure health insurance policies are adequate for critical illnesses.
Maintain a separate corpus for medical emergencies.
Contingency Fund Maintenance

Keep Rs. 20-25 lakhs readily accessible for unforeseen expenses.
Review this fund periodically to adjust for inflation.
Estate Planning

Draft a will to avoid disputes and ensure smooth wealth transfer.
Assign nominees for all investments and properties.
Taxation Considerations
Equity Taxation

Long-term capital gains (LTCG) above Rs. 1.25 lakhs are taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Debt Taxation

Debt instruments are taxed as per your income tax slab.
Choose tax-efficient options like tax-free bonds if needed.
Dividend Income

Dividends are taxed at your marginal income tax rate.
Reinvest dividends for tax-efficient growth.
Final Insights
Your financial plan is well-structured and aligns with your goals. However, optimising your equity and mutual fund allocations can enhance growth potential. Move idle funds from your savings account into liquid investments for better returns. Review and rebalance your portfolio periodically with the help of a Certified Financial Planner. Your current strategy provides a secure foundation for funding education, retirement, and wealth growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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