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Milind

Milind Vadjikar  |1153 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 26, 2024

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
Prahlad Question by Prahlad on Sep 26, 2024Hindi
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Retired with present corpus of 3cr and having own house and no loan and no monetary responsibility. Need every monthly expenses of 2lack. Pl suggest where to invest

Ans: Hello;

You have two options:
Option1,
Buy immediate annuity from a life insurance company for your corpus value of 3 Cr and get monthly payment of around 1.5 L (6% annuity rate considered) from next month. Select joint life annuity for yourself and your spouse with return of purchase price to yourself or your nominee.

Option 2,
Invest the corpus as lumpsum or spread over 6 M in ICICI Pru equity savings fund which has low to moderate risk profile.

Assuming 8% return it will grow into a corpus of 4 Cr in 4 years.

Then you may do SWP(Systematic Withdrawal Plan) @ 6% translating into monthly payout of 2 L as desired by you.

Do buy a good healthcare cover for yourself and your spouse.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Happy Investing!!
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  |8192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Feb 11, 2024Hindi
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I am 59 retired with corpus of ?.40 lacs with no retirement pension. Medical insurance sum insurance is ?.5 lacs and no family or financial commitment. To get ?.25k per month, please suggest where to invest. I estimate to live for next 20 years.
Ans: Given your retirement status and financial situation, securing a monthly income of 25,000 INR for the next 20 years requires a carefully crafted plan. Let's explore some options:

Systematic Withdrawal Plan (SWP): Consider investing a portion of your corpus in balanced mutual funds or debt funds and initiate an SWP. This allows you to systematically withdraw a fixed amount each month while potentially preserving your capital.
Senior Citizen Saving Scheme (SCSS): Invest a portion of your corpus in SCSS, offering stable returns and tax benefits for retirees. It provides regular interest payouts, ensuring a steady income stream.
Annuity Plans: Explore annuity plans offered by insurance companies. An annuity plan converts a lump sum into a regular income for a specified period, providing financial security during retirement.
Fixed Deposits (FDs): Invest in FDs with banks or post offices, providing stable returns and liquidity. Consider laddering FDs with varying maturities to optimize returns and access funds as needed.
Dividend-Paying Stocks or Mutual Funds: Invest in dividend-paying stocks or mutual funds, which provide regular income through dividend payouts. Ensure the investments align with your risk tolerance and financial goals.
Real Estate Investment Trusts (REITs): Consider investing in REITs, which offer rental income from commercial properties. However, be mindful of the associated risks and liquidity constraints.
It's essential to strike a balance between growth and stability while ensuring your income needs are met throughout retirement. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific requirements and aspirations.

Your dedication to securing your financial future is commendable, and with careful planning, you can enjoy a comfortable retirement with peace of mind.

..Read more

Ramalingam

Ramalingam Kalirajan  |8192 Answers  |Ask -

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

Asked by Anonymous - Jun 15, 2024Hindi
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After retirement I got corpus of Rs.1 crores, please advise me for investment to incur monthly expenses. My monthly expenses is Rs.50k.
Ans: Congratulations on building a retirement corpus of Rs. 1 crore! That's a significant achievement. I understand your concern about managing your monthly expenses of Rs. 50,000 post-retirement. Let's delve into a comprehensive strategy to ensure your funds are managed wisely.

Systematic Withdrawal Plan (SWP)
An SWP allows you to withdraw a fixed amount from your mutual fund investments regularly. This helps in managing cash flow efficiently while keeping your principal invested.

Benefits of SWP
SWP provides regular income, which suits your monthly expense needs.

It offers flexibility, allowing you to adjust the withdrawal amount.

Invested capital continues to grow, balancing withdrawals.

SWP is tax-efficient compared to withdrawing a lump sum.

Selecting the Right Mutual Funds
Choosing the right mutual funds is crucial. Diversification across categories ensures stability and growth.

Equity Mutual Funds
Equity mutual funds invest in stocks, offering high returns. They're suitable for long-term growth. However, they carry higher risks due to market volatility.

Debt Mutual Funds
Debt mutual funds invest in bonds and other debt instruments. They offer stable returns with lower risk. Ideal for preserving capital and generating steady income.

Balanced Mutual Funds
Balanced or hybrid funds invest in both equity and debt. They provide a mix of growth and stability. Suitable for those seeking moderate risk and returns.

Advantages of Mutual Funds
Mutual funds are managed by professional fund managers. This ensures informed investment decisions.

They offer diversification, reducing risk by spreading investments.

Mutual funds are highly liquid, allowing easy access to your money.

They provide transparency with regular updates and disclosures.

Power of Compounding
Compounding is the reinvestment of earnings, generating earnings on previous earnings. Over time, this significantly boosts your investment growth.

Evaluating Risk
Every investment carries risk. Understanding and managing risk is key to a successful strategy. Equity funds are riskier but offer higher returns. Debt funds are safer but with lower returns. Balancing both types mitigates risk and ensures steady growth.

Implementing SWP with Mutual Funds
Here's how to implement an SWP effectively.

Step 1: Diversify Investments
Diversify your Rs. 1 crore corpus across equity, debt, and balanced funds. This ensures growth, stability, and regular income.

Step 2: Calculate Monthly Withdrawals
Determine the monthly withdrawal amount considering inflation and future needs. Rs. 50,000 is your current need. Plan for gradual increments.

Step 3: Monitor Performance
Regularly monitor the performance of your investments. Adjust allocations if needed to maintain the desired income flow.

Disadvantages of Direct Funds
Direct funds require constant monitoring and expertise. They lack guidance from financial professionals. This increases the risk of poor investment decisions. Opting for regular funds through a Certified Financial Planner (CFP) provides professional management and advice.

Benefits of Regular Funds
Regular funds involve a small fee but offer professional management. CFPs provide personalized advice based on your financial goals. They help in selecting the right funds, balancing risk and returns. This ensures optimal growth and income stability.

Tax Efficiency of SWP
SWP is tax-efficient as it benefits from capital gains taxation. Withdrawals from equity funds held for more than a year are taxed at 10% on gains above Rs. 1 lakh. Debt funds held for more than three years are taxed at 20% after indexation. This reduces your overall tax liability compared to lump-sum withdrawals.

Regular Reviews and Adjustments
Regularly reviewing your investment portfolio is essential. Market conditions and personal needs change over time. Adjust your SWP and fund allocations accordingly. This ensures continued growth and stability of your income.


You've done an excellent job by accumulating a significant retirement corpus. Managing your funds wisely will ensure a comfortable and stress-free retirement. Your dedication to securing your financial future is commendable.


I understand the challenges of managing retirement funds. It's crucial to balance growth and stability while meeting monthly expenses. Your proactive approach in seeking advice shows your commitment to a secure future.

Final Insights
Investing your Rs. 1 crore corpus through a well-planned SWP in mutual funds ensures regular income and growth. Diversify across equity, debt, and balanced funds to balance risk and returns. Regular reviews and adjustments keep your strategy aligned with your needs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Dr Nagarajan Jsk

Dr Nagarajan Jsk   |314 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Apr 03, 2025Hindi
Career
Hello sir, Saranya from chennai. Doing final year B pharm. Heard about gpat from my friends How to do this entrance exam for joining pg course Please tell me if any other entrance exam is there for pg
Ans: Hi Saranya,

As you mentioned, many pharmacy graduates are considering the GPAT after completing their undergraduate studies in pharmacy. However, there are several more options available for pursuing a postgraduate degree in pharmacy today.

Here are the options for pursuing a PG in pharmacy:

1. GPAT: You can appear for the GPAT exam, and if you qualify, you will be eligible for a scholarship.

2. NIPER: You can also take the entrance exam for NIPER (National Institute of Pharmaceutical Education and Research) campuses, which include Ahmedabad, Guwahati, Hajipur, Hyderabad, Kolkata, Raebareli, and Mohali. Qualifying here also makes you eligible for a scholarship.

3. PG-CUET: A new option is the PG-CUET (Common University Entrance Test), which is being conducted by the NTA (National Testing Agency) under the Department of Higher Education.

4. Government Institutions: State governments will announce admission through advertisements. Admission will be based on marks or an entrance exam.

5. Deemed Universities: Some deemed universities offer admission through their own entrance exams.

Historically, GPAT and NIPER were the primary options for national-level aspirants. Starting from the academic year 2025-26, the NTA will also conduct the PG-CUET for national-level admissions.

I have included more details about the PG-CUET below.
PGCUET (CODE - SCQP23)
The Common University Entrance Test (CUET) is a National level Test conducted for admission into PG programmes in Central, State, and Participating Universities/ Institutions. The Common University Entrance Test CUET (PG) will provide a common platform and equal opportunity to candidates across the country, especially those from rural and other remote areas, and help establish better connections with the Universities. A single application form will enable the Candidates to cover a wide outreach and be part of the admission process to various Central and participating Universities. NTA has been assigned the responsibility of conducting the Common University Entrance Test (CUET).

Under Participating universities/instituttions are: Central and State Universities, Deemed and Private universities and Government institutuions.

Candidate must only select the test paper code. As the list of universities is dynamic and keeps on changing during the registration period.

A candidate can apply for two (02) Test Papers by paying the application fee (details mentioned at point 18).

A candidate can further apply for (02) additional Test Papers by paying additional application fees as applicable and maximum of four (04) test paper codes can be selected.

Mode of exam is CBT (Computer Based Test).
All Question Papers will be MCQ type. • Candidates can choose a maximum of four question paper codes. • The comprehension section in the General Paper will be available in either English or Hindi, based on the candidate's preference indicated during registration. • The duration of the Exam would be 90 Minutes. • The Question paper will have 75 Questions. • Four marks will be awarded for each correct answer and one mark will be deducted for each wrong answer.
• Language papers will be in the concerned language only.
• M.Tech/Higher Sciences will be in English only.
•Acharya papers will be in Sanskrit except for Hindu Studies, Indian Knowledge System, and Baudha Darshan.
• Humanities, Sciences, and Common papers would be bilingual (English and Hindi).
• The examination would be conducted in 2-3 shifts.
• The English version of the questions in all the question papers except languages and Acharya will be taken as final.

Syllabus: The Examination Syllabus will be uploaded on the Exam.

For the current year the examination dates (13.03.2025 to 31.03.2025) got over. iI THINK YOU HAVE MISSED IT. DONT WORRY. NEXT YEAR YOU CAN TRY OR YOU CAN ASSIST YOUR JUNIORS.

ADMISSION: Admissions will be handled at the level of each of the participating Universities for their respective programmes. After the declaration of the CUET(PG) 2025 results, the respective Universities will declare the counselling/admission schedule and merit list based on the CUET (PG) - 2025 score and any other criteria of participating universities. Please see the website of the concerned university for details regarding admission. There may be admission counselling by the universities with additional fees.

Applicants as per eligibility can apply for multiple test paper codes in one registration form. Candidates should not apply through duplicate or multiple forms, which may lead to the cancellation of all his/her Application Forms

CODE FOR PHARMACY: SCQP-23
SYLLABUS [POC, PIC, MATHS, OC - II, MICRO, APH (I&II), PHARM ENGINEERING, DCH PHARMACY, PHARM ANALYSIS (I -IV ), COGNOSY, CEUTICS-II, BIOCHEM, JURIS, COSMETICS, PHARM TECH, MED CHEM I-III, PHARMACOLOGY I-IV, BIOTECH, DRUG DESIGN, MARKETING, FOOD SCIENCE, QA, MANAGEMENT] HAS SHARED IN NTA WEBSITE.

THIS YEAR 57 INSTITUTIONS PARTICIPATED FOR THE SAID PURPOSE. NEXT YEAR THIS MAY INCREASE.

THE ADVANTAGES ARE NOT ONLY CAN PURSUE PHARMACY, APART FROM PHARMACY, YOU CAN PURSUE - DATA SCIENCE & AI, PUBLIC HEALTH, BIOINFORMATICS, PACKAGING TECH, ENVIRONMENTAL MANAGEMENT, GEOSPATIAL SCIENCE, PG DIP IN AI DIGITAL IMAGING, HEALTH CARE DATA, GEOINFORMATICS, PB-PHARMD, M.PHARM-PV, MSc- MICRO, MSc-NUTRITION, DIETICS.

I believe this information will be beneficial for your future education.

POOCHO. LIFE CHANGE KARO!

...Read more

Dr Nagarajan Jsk

Dr Nagarajan Jsk   |314 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Mar 09, 2025Hindi
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Career
I am a 12th student now in state board of tamil Nadu and I am a government school student what is the minimum requirement for me to join mbbs in AFMC medical College
Ans: The following requirements are mandatory for admission to AFMC.

Age: 17-24yrs
Academic qualitfication: FIRST ATTEMPT with English, Physics, Chemistry and Biology/ Bio-technology taken simultaneously and securing not less than 60% of the aggregate marks in these three science subjects taken together and not less than 50% marks in English and 50% marks in each of the science subjects. They must have also passed an examination in Mathematics of the tenth standard.
Candidates seeking admission for MBBS course at AFMC Pune will have to mandatorily qualify the NEET UG 2024 Examination conducted by National Testing Agency (NTA). 11. Eligible candidates who are interested to join AFMC, Pune to pursue the MBBS course will have to mandatorily register and apply for AFMC, Pune on DGHS

The shortlisted candidates will be called for screening which comprises of Test of English Language and Reasoning (ToELR), Psychological Assessment Test (PAT), Interview and Medical Examination at AFMC, Pune.

ToELR & PAT - Test of English Language and Reasoning (ToELR) in the form of Computer Based Test (CBT) and also Psychological Assessment Test (PAT) to be conducted at AFMC, Pune only for candidates shortlisted for interview. (t) Written Examination Score - Score obtained in NEET (UG) 2024 (720 marks) added to ToELR Score (80 marks) divided by 4 to get a score out of 200. (u) Final Score - Written examination score (200 marks) + Interview marks (50 marks).

MEDICAL FITNESS: MANDATORY AS PER AFMC

ALL THE BEST

POOCHO. LIFE CHANGE KARO!

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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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