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Ramalingam

Ramalingam Kalirajan  |8086 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 10, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - May 05, 2024Hindi
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Hi sir, my monthly income is 19500 and my age is 29 years now I am planning to invest in RD, SIP and fd and want a savings of 1 cr till the age of 55, is it good to invest in all 3 or not? How much I have to invest per month in SIP and RD? How much in FD? I have no emi, no rent and expenses are around 8-10k per month

Ans: It's great that you're thinking about your financial future at 29. With disciplined savings and strategic investments, achieving a savings target of 1 crore by the age of 55 is certainly feasible.

Considering your income and expenses, investing in RD, SIP, and FD can be a prudent approach to diversify your savings and manage risk effectively.

RD (Recurring Deposit): RDs offer a fixed interest rate and provide a systematic way to save regularly. Allocate a portion of your monthly income towards RDs to build a stable foundation for your savings.
SIP (Systematic Investment Plan): SIPs in equity-oriented mutual funds can help you harness the power of compounding and generate potentially higher returns over the long term. Invest a portion of your income into SIPs to capitalize on market opportunities and maximize growth potential.
FD (Fixed Deposit): FDs offer capital protection and steady returns, making them suitable for short to medium-term goals. Consider allocating a portion of your savings to FDs to preserve capital and mitigate risk.
To determine the monthly investment amounts, assess your desired rate of return and investment horizon. Allocate a higher portion towards SIPs for long-term growth, followed by RDs for stability, and FDs for short-term needs.

Regularly review your investment portfolio and adjust your allocations based on changing market conditions and financial goals. Stay disciplined with your savings and investments, and you'll be well on your way to achieving your target of 1 crore by the age of 55.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
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  |8086 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

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I am 26 years of age and want to invest 5000 per month is sips in 4 which ones are the best ones or should I invest 2 in FD of HDFC and godrej and 2 in sips?? Please advise
Ans: It's great that you're considering investing at such a young age. Let's explore why mutual fund SIPs may be a better choice for long-term growth compared to fixed deposits (FDs).

Understanding the Benefits of Mutual Fund SIPs:

Potential for Higher Returns: Mutual funds offer the potential for higher returns compared to FDs, especially over the long term. They invest in a diversified portfolio of stocks or bonds, providing exposure to different market segments.

Capital Appreciation: Mutual funds have the potential to generate capital appreciation over time, allowing your investments to grow significantly.

Flexibility and Liquidity: Mutual funds offer flexibility in terms of investment amount and frequency. You can start with as little as 5000 per month and increase your investments gradually. Additionally, mutual funds provide liquidity, allowing you to redeem your investments partially or fully as needed.

Selecting the Best Mutual Fund SIPs:

When choosing mutual fund SIPs, consider factors such as your risk tolerance, investment goals, and time horizon. Here are some options to consider:

Diversified Equity Funds: These funds invest in a mix of large-cap, mid-cap, and small-cap stocks, providing diversification and growth potential. They are suitable for long-term wealth creation.

Large-Cap Funds: These funds invest primarily in large, well-established companies known for stability and consistent returns. They are relatively less volatile compared to mid-cap and small-cap funds.

Mid and Small-Cap Funds: These funds focus on investing in mid-sized and small-sized companies with high growth potential. While they carry higher risk, they also offer the potential for higher returns over the long term.

Index Funds: If you prefer a passive investment approach, index funds track specific market indices like the Nifty 50 or Sensex. They offer low expense ratios and can be a suitable option for long-term investors.

Consultation with a Certified Financial Planner:

Engaging with a Certified Financial Planner (CFP) ensures personalized advice tailored to your financial goals and risk tolerance. A CFP can help you select the best mutual fund SIPs based on your individual circumstances and objectives.

Conclusion:

In conclusion, mutual fund SIPs offer the potential for higher returns, capital appreciation, flexibility, and liquidity compared to fixed deposits. By investing systematically in mutual fund SIPs, you can lay the foundation for long-term wealth creation and financial security.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Nayagam P

Nayagam P P  |4310 Answers  |Ask -

Career Counsellor - Answered on Mar 10, 2025

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Career
I scored 99.815 percentile in general class jee mains 2025, is there any possibility of getting NIT TRICY or suratkal CSE?
Ans: Anandam, 99.815 is an excellent score. Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

Once the January JEE Main session results was declared, many students and JEE applicants started asking common questions about eligibility for specific institutes (NITs, IIITs, GFTIs, etc.) based on their percentile, category, preferred branch, and home state.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates Option also and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, and preparation strategies, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

Nayagam P

Nayagam P P  |4310 Answers  |Ask -

Career Counsellor - Answered on Mar 10, 2025

Asked by Anonymous - Mar 07, 2025Hindi
Listen
Career
My score is 88 percentile JEE Svnit possible
Ans: Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

Once the January JEE Main session results was declared, many students and JEE applicants started asking common questions about eligibility for specific institutes (NITs, IIITs, GFTIs, etc.) based on their percentile, category, preferred branch, and home state.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates Option also and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, and preparation strategies, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

...Read more

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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