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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 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
Sumit Question by Sumit on Apr 05, 2024Hindi
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I have sale my land of Rs 80 lakhs. I don't know how to invest my money but I want regular monthly income from my investment. Please guide me sir

Ans: Maximizing Returns from Your Land Sale Proceeds

Congratulations on the successful sale of your land! With the proceeds of Rs 80 lakhs, you have an excellent opportunity to generate regular monthly income through strategic investments. Let's explore suitable options to help you achieve your goal.

Fixed Deposits (FDs) or Recurring Deposits (RDs):
Consider allocating a portion of your proceeds to fixed deposits or recurring deposits with banks or financial institutions. While FDs offer a fixed interest rate for a specific term, RDs allow you to invest a fixed amount regularly for a predetermined period. Both options provide stability and predictable returns, ensuring a steady monthly income.

Dividend-Paying Stocks:
Investing in dividend-paying stocks of established companies can provide a regular stream of income through dividend payments. Focus on companies with a consistent track record of dividend payouts and stable financial performance. Dividend income from stocks can supplement your monthly cash flow while potentially offering capital appreciation over time.

Monthly Income Plans (MIPs) or Debt Mutual Funds:
Monthly Income Plans (MIPs) offered by mutual funds allocate a portion of investments to debt securities while providing regular income through dividends or interest distributions. Similarly, debt mutual funds invest in a mix of fixed income securities, offering stable returns and liquidity. Opting for MIPs or debt funds can generate monthly income while maintaining capital preservation.

Systematic Withdrawal Plans (SWPs):
Investing in mutual funds and setting up Systematic Withdrawal Plans (SWPs) allows you to withdraw a fixed amount regularly, providing a steady income stream. By choosing the appropriate fund category based on your risk tolerance and investment horizon, you can customize SWPs to meet your monthly income needs while potentially benefiting from capital appreciation.

Annuity Plans:
Consider purchasing annuity plans offered by insurance companies, which provide a guaranteed income for life in exchange for a lump sum investment. Annuities offer security and peace of mind by ensuring a regular stream of income throughout retirement. Evaluate different annuity options to select one that aligns with your financial objectives and risk appetite.

Real Estate Investment Trusts (REITs) or Infrastructure Investment Trusts (InvITs):
REITs and InvITs allow investors to participate in income-generating real estate and infrastructure projects. By investing in these trusts, you can diversify your portfolio and receive regular dividends, providing an additional source of monthly income.

Professional Advice:
Consulting with a Certified Financial Planner (CFP) can help you develop a comprehensive investment strategy tailored to your financial goals, risk tolerance, and income requirements. A CFP can assess your financial situation, recommend suitable investment options, and provide ongoing guidance to ensure your financial well-being.

In Conclusion:

By diversifying your investments across various income-generating avenues, you can create a balanced portfolio that generates regular monthly income while preserving capital. Evaluate each option carefully, consider your financial objectives, and seek professional advice to make informed investment decisions.

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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Moneywize

Moneywize   |174 Answers  |Ask -

Financial Planner - Answered on Mar 19, 2024

Asked by Anonymous - Mar 18, 2024Hindi
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I am retired(62 yrs) settled in Dehradun. I have a fund of Rs 3 crore. How do i invest this money so that i get Rs 80,000 per month immediately. Please help.
Ans: Generating a monthly income of Rs 80,000 from a principal of Rs 3 crore might be difficult to achieve through safe investment options alone. Here's a rough calculation to consider:

Assuming a monthly return on investment (ROI) of 2.67%, you would need your investment to generate this amount. However, most safe investment options, like fixed deposits (FDs) or debt funds, typically offer lower ROIs.

Here's why achieving a 2.67% monthly ROI might be challenging:

• Safe investment options: These typically offer lower ROIs in the range of 5-6% annually. This translates to a monthly ROI of around 0.4% to 0.5%, much lower than the desired 2.67%.
• Market-linked investments: Some investments like stocks or mutual funds offer the potential for higher returns but also carry a higher degree of risk. You may need a carefully crafted investment strategy to achieve the desired return while managing risk.

Important to consult a financial advisor:

Given your retirement status and financial goals, it's crucial to consult a financial advisor. They can assess your risk tolerance and create a personalised investment plan that considers your income needs and future goals. Here's what a financial advisor can do for you:

• Risk assessment: They will evaluate your comfort level with risk and recommend investments accordingly.
• Asset allocation: They will suggest an asset allocation strategy that balances risk and potential returns. This might include a mix of debt and equity investments.
• Tax planning: They can help you structure your investments in a tax-efficient manner.

Remember:

• There's a trade-off between risk and return. Higher potential returns often come with greater risk.
• Focus on building a sustainable income stream that aligns with your risk tolerance and financial goals.

..Read more

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Vivek

Vivek Lala  |301 Answers  |Ask -

Tax, MF Expert - Answered on Jun 24, 2024

Asked by Anonymous - Jun 23, 2024Hindi
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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 11, 2024

Asked by Anonymous - Jun 25, 2024Hindi
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I am 41 years old. I am single. I have no dependents. In my family only father is there who lives off his monthly government pension which is around 80k per month. I am currently working on my startup. I don't have a regular monthly income as of now. I have inherited property which is around worth 20 crores. I have 3 houses. I dont have any loans or any other financial commitments. I might do marriage and may have kids also in near future. I have invested in a pension plan of a nationalised bank in which I invest 8 lacs per year for 5 years. and Then I get a lifelong income of approx 3 lacs per year for the rest of my life. The property I have and will inherit will be mostly agricultural land and commercial land. How and where do i invest so that I get at least 4 lacs per month regular income from my property investments. The money which I will receive from my agri/comm land sale will be at least 60 percent in cash. So, my question is about the regular monthly income and also where do I invest my money.
Ans: I can provide a detailed plan for you. Let's discuss how you can achieve a regular monthly income of at least Rs 4 lakhs from your investments. I'll break down the plan into key components and provide professional advice while keeping the language simple and clear.

Understanding Your Current Financial Situation

First, let's appreciate your financial situation. You have no loans or dependents, and you own valuable property worth Rs 20 crores. You also have three houses and expect to inherit more agricultural and commercial land. It's impressive that you have a pension plan that will provide lifelong income.

Since you aim for a stable monthly income, diversifying your investments will be key. Let's explore different investment options to help you achieve your goal.

Investment in Mutual Funds

Mutual funds are an excellent way to generate regular income. They offer diversification, professional management, and liquidity. There are different types of mutual funds to consider:

1. Debt Mutual Funds

Debt mutual funds are less risky and provide steady returns. These funds invest in government securities, corporate bonds, and other fixed-income instruments. They can offer regular income through monthly, quarterly, or annual dividends.

Advantages of Debt Mutual Funds

Lower risk compared to equity funds.
Regular income through dividends.
Professional management.
Diversification across various debt instruments.
2. Equity Mutual Funds

Equity mutual funds invest in stocks and have the potential for high returns. Though they are riskier, they can provide significant growth over the long term. You can choose funds focusing on large-cap, mid-cap, or small-cap stocks based on your risk tolerance.

Advantages of Equity Mutual Funds

High potential returns.
Diversification across various companies.
Professional management.
Long-term growth through compounding.
3. Balanced or Hybrid Mutual Funds

Balanced or hybrid funds invest in both equity and debt instruments. They offer a balance of risk and return. These funds can provide regular income through dividends while offering growth potential.

Advantages of Balanced or Hybrid Mutual Funds

Balanced risk and return.
Regular income through dividends.
Diversification across equity and debt.
Professional management.
Systematic Withdrawal Plan (SWP)

A Systematic Withdrawal Plan (SWP) allows you to withdraw a fixed amount from your mutual fund investments regularly. This can provide you with a steady income. You can set up an SWP in debt or balanced funds to ensure regular monthly income.

Advantages of SWP

Regular income.
Flexibility in withdrawal amount and frequency.
Tax efficiency compared to lump-sum withdrawals.
Professional management of remaining investments.
Fixed Deposits (FDs)

Fixed deposits are safe and provide guaranteed returns. Though they offer lower returns than mutual funds, they are a reliable source of regular income. You can invest a portion of your funds in FDs to ensure stability.

Advantages of Fixed Deposits

Guaranteed returns.
Low risk.
Regular interest income.
Flexibility in tenure.
Post Office Monthly Income Scheme (POMIS)

The Post Office Monthly Income Scheme is a government-backed savings scheme. It provides a fixed monthly income with low risk. You can invest in POMIS to ensure a part of your income is stable and secure.

Advantages of POMIS

Guaranteed monthly income.
Low risk.
Government-backed security.
Fixed tenure with assured returns.
Senior Citizen Savings Scheme (SCSS)

If you or your father are eligible, the Senior Citizen Savings Scheme is an excellent option. It offers regular income and tax benefits. This scheme is government-backed and provides higher interest rates.

Advantages of SCSS

Regular income.
Higher interest rates.
Tax benefits.
Government-backed security.
National Pension System (NPS)

The National Pension System is a long-term investment option. It offers tax benefits and helps build a retirement corpus. While it focuses on retirement, it can be a part of your diversified portfolio.

Advantages of NPS

Long-term retirement planning.
Tax benefits.
Diversified investments.
Professional management.
Real Estate Investment Trusts (REITs)

While you have substantial real estate holdings, investing in REITs can provide diversification. REITs allow you to invest in commercial properties and earn rental income without directly managing the properties.

Advantages of REITs

Regular income through dividends.
Diversification in real estate.
Professional management.
Liquidity compared to direct real estate investment.
Diversified Investment Portfolio

To achieve a regular monthly income of Rs 4 lakhs, a diversified investment portfolio is essential. Here's a suggested allocation:

1. Mutual Funds: Allocate a significant portion to debt, equity, and balanced funds. Use SWP for regular income.

2. Fixed Deposits: Invest a portion in FDs for guaranteed returns and stability.

3. POMIS and SCSS: Invest in these schemes for low-risk, government-backed income.

4. NPS: Consider NPS for long-term retirement planning and tax benefits.

5. REITs: Invest in REITs for real estate diversification and rental income.

Creating a Systematic Investment Plan (SIP)

Systematic Investment Plans (SIPs) allow you to invest regularly in mutual funds. SIPs help in rupee cost averaging and disciplined investing. You can set up SIPs in equity and balanced funds to build a corpus over time.

Advantages of SIP

Disciplined investing.
Rupee cost averaging.
Flexibility in investment amount and frequency.
Professional management.
Power of Compounding

Investing early and regularly takes advantage of the power of compounding. Your investments grow exponentially over time, providing significant returns. Compounding is especially beneficial in equity mutual funds and SIPs.

Advantages of Compounding

Exponential growth over time.
Higher returns with longer investment duration.
Benefits of reinvesting earnings.
Risk Management and Diversification

Diversification helps manage risk and ensures stability in your portfolio. By investing in various asset classes, you reduce the impact of market volatility. Balancing high-risk and low-risk investments is key to achieving steady income.

Advantages of Diversification

Risk management.
Stability in returns.
Exposure to various asset classes.
Professional management.
Working with a Certified Financial Planner

A Certified Financial Planner (CFP) can help create a tailored investment plan. They offer professional advice, portfolio management, and periodic reviews. Working with a CFP ensures your investments align with your goals.

Advantages of Working with a CFP

Professional advice and management.
Tailored investment plan.
Periodic portfolio reviews.
Alignment with financial goals.
Final Insights

To achieve a regular monthly income of Rs 4 lakhs, diversify your investments. Focus on mutual funds, FDs, government schemes, and REITs. Use SWPs and SIPs for steady income and growth. Work with a Certified Financial Planner for professional guidance. Diversification and risk management are key to stable and regular income.

Investing in mutual funds provides growth and stability. They offer diversification and professional management. Balanced and debt funds provide steady income. SIPs and SWPs ensure disciplined and regular investments.

Fixed deposits and government schemes provide guaranteed income. They add stability to your portfolio. REITs offer real estate diversification without direct management. NPS helps in long-term retirement planning.

Diversification and risk management ensure stable returns. The power of compounding boosts long-term growth. Working with a CFP provides professional advice and alignment with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 24, 2024

Money
I am 39 years old and working and taking care of family with present salary and i am selling a land for which i will get 20 lakhs so i want to invest this amount for long term purpose so can you guide me where should i invest and is there tax which i need to pay from this.
Ans: You have a salary-based income and are supporting your family. You are also selling a piece of land for Rs 20 lakhs, and you want to invest this amount for long-term purposes. You also want to understand the tax implications of this sale and ensure the investment aligns with your financial goals.

Let's explore both aspects: where to invest and the tax situation.

Tax Implications on Selling Your Land
From July 23, 2024, the new tax rules for real estate capital gains offer two options for taxation:

12.5% Tax Without Indexation: In this case, your long-term capital gains will be taxed at 12.5%, but you will not be able to adjust the cost of acquisition with inflation.

20% Tax With Indexation: This option allows you to adjust the cost of acquisition of the land with inflation, reducing the taxable gains, but you will pay a 20% tax rate on the adjusted gains.

It is important to decide which option benefits you based on how long you have held the property and the level of inflation over the period. A Certified Financial Planner can assist in calculating which of these options will give you better tax savings.

Long-Term Investment Options for Rs 20 Lakhs
Investing Rs 20 lakhs wisely can help you achieve significant financial growth. Based on your requirement for long-term investment, here are suitable options.

1. Equity Mutual Funds
High Growth Potential: Equity mutual funds have the potential to provide higher returns compared to other investment options. These funds invest primarily in stocks and are suitable for a long-term horizon of 5 to 10 years or more.

Diversification: Equity funds spread investments across various sectors and companies, reducing the risk of investing in individual stocks.

Tax Benefits: Long-term capital gains (LTCG) from equity mutual funds are taxed at 12.5% for gains above Rs 1.25 lakh. Short-term gains are taxed at 20%. Given your long-term perspective, equity mutual funds are a tax-efficient way to grow wealth.

2. Balanced or Hybrid Mutual Funds
Risk Mitigation: Balanced funds invest in both equity and debt instruments, providing a balance between growth and stability. These funds suit individuals who are not comfortable with the higher volatility of pure equity funds but still want exposure to growth.

Steady Growth: These funds generally give moderate returns but reduce the risk during market downturns. They are an excellent way to protect your investment while still allowing it to grow.

3. Debt Mutual Funds
Lower Risk Option: If you are looking for lower-risk investments, debt funds are a good alternative. They invest in bonds and government securities, offering stable returns. However, the returns are usually lower than equity funds.

Tax Efficiency: Debt funds are now taxed as per your income slab rate. Long-term capital gains in debt funds are taxed as per your income slab if held for over 36 months.

Capital Preservation: Debt funds are a better option for capital preservation, especially if you have low risk tolerance.

4. Systematic Withdrawal Plans (SWP)
Regular Income: If you prefer to have a fixed income from your investment, consider setting up a Systematic Withdrawal Plan (SWP) in mutual funds. It allows you to withdraw a fixed amount at regular intervals while the remaining corpus continues to grow.

Tax Advantage: Only the gains you withdraw are taxed, making it more tax-efficient than Fixed Deposits or other fixed-income options.

5. Public Provident Fund (PPF)
Safe Long-Term Investment: PPF is a government-backed scheme that offers an attractive interest rate and tax-free returns. It is one of the safest long-term investment options for risk-averse investors.

Lock-in Period: The lock-in period of PPF is 15 years, making it ideal for long-term goals like retirement.

6. Sukanya Samriddhi Yojana (SSY)
For Daughters' Future: If you have a daughter, this scheme is a highly tax-efficient and safe investment option. It offers higher interest rates than most small savings schemes, and the returns are completely tax-free.
Direct vs Regular Mutual Funds
It’s essential to clarify why direct plans of mutual funds, while attractive due to lower expense ratios, might not always be the best choice for investors.

Lack of Guidance: Direct plans do not provide access to advisory services. Without expert guidance from a Certified Financial Planner, it’s easy to make uninformed decisions that could negatively affect your portfolio.

Potential Missed Opportunities: By working with a Certified Financial Planner, you get personalised advice, timely portfolio rebalancing, and insights into changes in market conditions, which could significantly improve your investment performance over time.

For these reasons, regular plans through a Certified Financial Planner can be a more suitable option, especially for investors looking for long-term wealth creation with professional advice.

Actively Managed Funds vs Index Funds
While you are currently investing in index funds, it’s important to consider the drawbacks they have in comparison to actively managed funds.

Limited Returns: Index funds are passively managed, meaning they aim to match the returns of the index they follow. This can lead to underperformance in volatile markets.

Lack of Flexibility: Index funds do not have the flexibility to pick individual stocks or sectors that could outperform the index, which limits potential returns.

Market Risk: In a declining market, index funds will follow the index downwards without any strategy to minimise losses.

On the other hand, actively managed funds are handled by professional fund managers who use their expertise to pick the best-performing stocks, making them better suited for long-term wealth creation.

Insurance Considerations
If you hold LIC or ULIP policies, you may want to review their performance. Often, these policies do not provide competitive returns compared to mutual funds. Surrendering these policies and reinvesting in mutual funds can help you achieve better long-term growth.

Tax-Saving Opportunities
If you are looking to save tax on the sale of your land, consider reinvesting the gains in eligible capital gains saving schemes.

Capital Gains Bonds: Under Section 54EC of the Income Tax Act, you can invest the capital gains from the sale of property in bonds issued by the National Highways Authority of India (NHAI) or Rural Electrification Corporation (REC). These bonds have a 5-year lock-in period, and the interest earned is taxable. However, the principal amount is exempt from tax.

Residential Property: Another option is to reinvest the sale proceeds into buying or constructing a residential property under Section 54F. This option could also help you save on capital gains tax.

Final Insights
In conclusion, you have a variety of investment options that can help you achieve long-term financial growth. Based on your risk tolerance, you can choose between equity mutual funds for high returns, balanced funds for moderate risk, or debt funds for stability. PPF and SSY are great options for safe, long-term investments.

It’s also important to decide the best tax option for the sale of your land. Using the Certified Financial Planner's expertise, you can choose the right tax-saving strategy, whether it’s opting for indexation benefits or reinvesting in capital gains bonds or property.

By staying focused on long-term wealth creation, making informed decisions, and using expert guidance, you can grow your Rs 20 lakhs into a strong financial foundation for your future.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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Latest Questions
Dr Nagarajan Jsk

Dr Nagarajan Jsk   |183 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi
Career
Hello sir I am mbbs graduated from russia in 2020,n passed with my fmge exam in india in 2021, I want to ask if i want to practice medicine or work as doctor in uk ? Is it necessary for me to pass plab exam exam? Or if i get sponsorship from any uk i will be able to work there and simultaneously i will give plab exam?? Please guide me i m so confused?
Ans: Hi, I understand that you pursued a medicine course in Russia (a non-European country) and, since you are from India, you have completed the FMGE. Now you want to practice or work in the UK as a doctor?

Based on your question, you are eligible to practice in India after completing your internship (which you haven't mentioned, but I assume you have completed it). The FMGE is essentially a licensure exam for Indian students who have completed their medical studies abroad, so you are eligible to practice in India only.

If you want to practice medicine in the UK, you need to complete the PLAB test, as you are from outside the UK/Switzerland/European countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland).

You also inquired about sponsorship. Here is the information related to sponsorship for practicing medicine in the UK.
(Extracted from general medical council, uk org. )Applying for registration using sponsorship
If you apply through sponsorship, you will have to satisfy the sponsor that you possess the knowledge, skills and experience required for practising as a fully registered medical practitioner in the UK. Each sponsor has their own scheme which we have pre-approved. If you can satisfy the requirements of their scheme, they will issue you with a Sponsorship Registration Certificate (SRC) which you will need for your application with us. Please ensure this is a Sponsorship Registration Certificate for GMC registration, as we can’t accept UK visa sponsorship certificates for your application for registration.
Please note that a core part of all sponsors' criteria is that a doctor applying for an offer of sponsorship must have been engaged in medical practice for three out of the last five years including the most recent 12 months. If you cannot meet these minimum criteria, it is unlikely that you'll be able to supply sufficient evidence to support your application for sponsorship.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
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• BAPIO Training Academy Ltd – BTA International Fellowship Scheme
• BAPIO Training Academy Ltd – International Training Programme for Postgraduate Doctors
• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
• Barking Havering and Redbridge University Hospitals NHS Trust - BHRUT Sponsorship Scheme for Overseas Doctors in Clinical Radiology
• Birmingham and Solihull Mental Health NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry (Birmingham)
• Birmingham Women’s and Children’s Hospital – Birmingham Women’s and Children’s International Medical Graduate sponsorship scheme
• Bradford District Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Cambridge IVF, Cambridge University Hospitals NHS Trust – IVF Senior Clinical Fellowship Scheme
• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
• Canterbury Christ Church University
• Cumbria Northumberland Tyne and Wear NHS Psychiatry Fellowship Programme
• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
• Dudley Group NHS Foundation Trust
• East Lancashire Hospitals NHS Trust - Clinical Fellowship in Urology or Ophthalmology
• East Lancashire Hospital NHS Trust - Specialist Clinical Fellowship in Pain Management
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• East Suffolk and North Essex NHS Foundation Trust – ICENI Centre Fellowships Programme
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• Guy's and St Thomas' Hospitals NHS Foundation Trust – Critical Care
• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
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• Guy’s and St Thomas’ NHS Hospitals Foundation Trust – Oncology Specialty Training
• Guy's and St Thomas' NHS Hospitals Foundation Trust – Specialty Training in Anaesthetics
• Harefield Hospital, Royal Brompton and Harefield NHS Trust – Anaesthesia and Critical Care
• Hertfordshire Partnership University NHS Foundation Trust
• Hull University Teaching Hospitals NHS Trust – International Fellows at Hull University Teaching Hospitals NHS Trust
• Humber Teaching NHS Foundation Trust - Sponsored International Fellowship Scheme in Psychiatry
• Imperial College Healthcare NHS Trust – Emergency Medicine
• Imperial College Healthcare NHS Trust – Haematology
• Imperial College Healthcare NHS Trust – International Anaesthesia Trainees
• Imperial College Healthcare NHS Trust – Intensive Care Medicine
• Imperial College, London - Clinical Research
• King’s College Hospital NHS Trusts – International Critical Care Fellowship
• King’s College Hospital NHS Trusts – Paediatric Critical Care Fellowship
• Lancashire & South Cumbria NHS Foundation Trust - Psychiatry specialty Fellowship Scheme
• Lancashire Teaching Hospitals NHS Trust - Overseas Registrar Development and Recruitment (ORDER)
• Leeds Teaching Hospitals NHS Trust – International Fellowship Programme
• Leicestershire Partnership NHS Trust – International Medical Fellowship Programme in Psychiatry
• Lincolnshire Partnership NHS Foundation Trust – CESR Fellowship in Psychiatry or Sponsored Fellowship in Psychiatry
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• Midlands Partnership NHS Foundation Trust
• Ministry of Defence – International Military Clinical Fellowships
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• NHS Fife – CESR Fellowship Programme in Psychiatry
• NHS Grampian – Psychiatry CESR Fellowship Programme
• NHS Grampian – Multi-specialty SAS Fellowship
• NHS Wales Shared Services Partnership (NWSSP) – All Wales International Medical Recruitment Programme
• Norfolk and Suffolk NHS Foundation Trust (NSFT) - Advanced Clinical Fellowship in Psychiatry
• North Lincolnshire and Goole NHS Foundation Trust (NLAG) Sponsorship Programme
• Northampton General Hospital – Clinical Fellowship in Regional Anaesthesia
• Northampton General Hospital NHS Trust - International Clinical Fellowship in Regional Anaesthesia, Vascular Anaesthesia, or Peri-operative Medicine
• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme
• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme (Psychiatry)
• Northern Care Alliance – NCA International Medical Fellowship Scheme
• Oxford University Hospitals NHS Foundation Trust – Oxford Eye Hospital
• Oxford University Hospitals NHS Foundation Trust – Oxford Intensive Care Medicine (OxICM) Sponsorship Scheme
• Oxford University Hospitals NHS Foundation Trust – Oxford University Hospitals Sponsorship Scheme
• Oxford University Hospitals NHS Foundation Trust – The Oxford International Neonatal and Paediatric Fellowship Programme
• Rotherham Doncaster and South Humber NHS Foundation Trust - Sponsored International Fellowship Scheme in Psychiatry
• Royal College of Anaesthetists – Global Fellowship Scheme (Anaesthesia or ICM)
• Royal College of Anaesthetists – MTI Scheme
• Royal College of Emergency Medicine
• Royal College of Obstetricians and Gynaecologists – MTI Scheme
• Royal College of Ophthalmologists
• Royal College of Paediatrics and Child Health – International Paediatric Sponsorship Scheme
• Royal College of Paediatrics and Child Health – MTI Scheme
• Royal College of Pathologists
• Royal College of Physicians of Edinburgh
• Royal College of Surgeons of England
• Royal College of Physicians of London
• Royal College of Physicians and Surgeons of Glasgow
• Royal College of Psychiatrists – MTI Scheme
• Royal College of Radiologists – Clinical Radiology
• Royal College of Radiologists – Clinical Oncology
• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
• Royal College of Surgeons of Edinburgh
• Royal Devon and Exeter NHS Trust
• Royal Papworth Hospital NHS Foundation Trust – Senior Clinical Fellowship Programme in Anaesthesia and Critical Care
• Royal Wolverhampton Trust – Clinical Fellowship Programme
• Sheffield Children’s NHS Foundation Trust - Rotational Clinical Fellows in Paediatrics, Trauma and Orthopaedic International Fellows, and Subspeciality Fellows in Paediatrics
• Sheffield Health and Social Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Somerset NHS Foundation Trust – Somerset Overseas Doctors Sponsorship Scheme
• Somerset NHS Foundation Trust – Psychiatry Overseas Doctors Sponsorship Scheme
• South Warwickshire University NHS Foundation Trust - GMC Multispecialty Sponsorship Scheme
• South West Yorkshire Partnership NHS Foundation Trust – International Fellowship in Psychiatry
• Southmead Hospital, North Bristol NHS Trust – International Obstetrics and Gynaecology Training Programme
• St Bartholomew’s Hospital, Barts Health NHS Trust – St Bartholomew’s Critical Care Fellowship
• St George’s University Hospitals NHS Foundation Trust – International Anaesthetics Fellowship Programme
• St George’s University Hospital NHS Foundation Trust (Dr Nirav Shah) – International Intensive Care Medicine Trainees
• St George’s University Hospitals NHS Foundation Trust – International Emergency Medicine Trainees
• Surrey and Borders Partnership (SABP) NHS Foundation Trust – International Psychiatric and Community Paediatrics Sponsorship Scheme
• Tees, Esk and Wear Valleys NHS Foundation Trust – International Psychiatric CESR or SAS Fellowship
• University College London Hospitals NHS Foundation Trust, Department of Critical Care – Clinical Fellowship Critical Care and Perioperative Medicine
• University Hospital Birmingham NHS Foundation Trust - International Training Fellowship Programme
• University Hospitals Birmingham NHS Foundation Trust - UHB LED Fellowship Programme
• University Hospitals Bristol and Weston NHS Foundation Trust – Bristol Children's Hospital International Fellowship Scheme
• University Hospitals Bristol and Weston NHS Foundation Trust - Department of General Internal Medicine at Weston General Hospital
• University Hospitals Coventry and Warwickshire NHS Trust
• University Hospitals of Leicester NHS Trust - Postgraduate Clinical Fellowship Programme
• University of Buckingham – Master of Medicine
• University of Buckingham – Master of Surgery
• University of Chester and Cheshire and Wirral Partnership NHS Trust – International Training Fellows Psychiatry
• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

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Dr Nagarajan Jsk

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Ramalingam

Ramalingam Kalirajan  |7290 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi
Money
Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.
Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

Stocks and Mutual Funds:
Your Rs 60 lakh investment in stocks and mutual funds is a commendable step. Active mutual funds offer professional fund management and can outperform index funds over time.

Foreign Stocks:
Your Rs 1.7 crore portfolio in foreign stocks adds geographical diversification. Monitor currency exchange fluctuations and global market trends.

Provident Fund (PF):
With Rs 1.3 crore in PF, this is a reliable retirement corpus. The fund provides fixed returns and tax benefits, adding stability.

Farm Lands:
Farm lands worth Rs 5 crore are an illiquid but valuable asset. They might not generate consistent income unless leased or developed.

Loans:
A loan liability of Rs 1.2 crore needs prioritised repayment. Focus on loans with higher interest rates first.

Insurance Coverage:
A Rs 5 crore term plan is robust. Your Rs 50 lakh health insurance is sufficient for unexpected medical emergencies.

Retirement Goals
You need Rs 3–4 lakh monthly for 27–28 years post-retirement.
The portfolio must generate steady, inflation-adjusted returns.
Action Plan for Retirement
Debt Management
Prepay High-Interest Loans:
Use a portion of your surplus income to prepay loans. This reduces interest outflow and increases your cash flow.

Avoid New Loans:
Focus on reducing existing liabilities instead of taking on new ones.

Portfolio Restructuring
Real Estate:
Retain essential properties. Sell underperforming or non-essential properties to reduce concentration in real estate. Invest proceeds in mutual funds or debt instruments for diversification.

Mutual Funds (MFs):
Increase SIPs in actively managed funds. They outperform direct funds due to guidance from Certified Financial Planners and MFDs. Regular funds offer better tracking and professional assistance.

Stocks:
Monitor direct equity investments closely. Consider reallocating underperforming stocks to mutual funds for better management.

Debt Instruments:
Invest in high-quality debt funds or fixed-income securities for stability. These instruments balance equity volatility and ensure steady returns.

SIP Strategy
Increase SIPs from Rs 70,000 to Rs 1 lakh/month.
Allocate 70% to equity funds for long-term growth.
Invest 30% in debt funds for stability and liquidity.
Emergency Fund
Maintain a 12-month expense reserve in liquid funds or fixed deposits.
This covers unexpected expenses without disturbing investments.
Income During Retirement
Systematic Withdrawal Plan (SWP)
Use SWPs in mutual funds to generate regular income.
Withdraw 6–8% annually from your mutual fund portfolio for a steady income stream.
Rental Income Optimisation
Review property rents regularly.
Invest part of rental income in equity or debt mutual funds for compounding.
Dividend Stocks
Retain high-dividend-yield stocks for regular income.
Reinvest surplus dividends for long-term growth.
Tax Efficiency
Equity Funds Taxation:
Long-term gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains are taxed at 20%.

Debt Funds Taxation:
Both short- and long-term gains are taxed per your income slab.

Real Estate Capital Gains:
Use exemptions under Sections 54 or 54F to save tax on property sales.

Inflation Protection
Allocate 60–70% of your portfolio to equity investments.

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

Estate Planning
Draft a will to allocate assets transparently among family members.
Use nomination and joint ownership to avoid legal complications.
Consider a family trust for farm lands to avoid disputes.
Periodic Review
Review your financial plan every six months.
Adjust investments based on market conditions, goals, and needs.
Consult a Certified Financial Planner regularly for updates.
Finally
A well-diversified portfolio ensures financial independence post-retirement. Focus on debt repayment, portfolio balance, and tax-efficient withdrawals. Your assets can comfortably generate Rs 3–4 lakh monthly income, adjusted for inflation.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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Kanchan

Kanchan Rai  |444 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 21, 2024

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I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.
Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

Your relationship with your wife appears to be another significant source of emotional distance. While her lack of interest in deep conversations may seem like a barrier, it’s worth exploring other ways to reconnect—perhaps by spending time together in shared activities or revisiting moments that once brought you closer. Sometimes, relationships stuck in routines benefit from new experiences or even professional counseling to navigate the underlying dynamics.

Regarding your daughter, while it’s clear she cannot shoulder your emotional burdens, she can still be a source of joy and connection. Investing time in activities with her can provide a sense of fulfillment and grounding that counters loneliness.

Above all, remember that reaching out for professional support, such as therapy, is not a sign of weakness but an act of self-care. A therapist can provide a safe space to express your feelings and help you develop strategies to foster deeper connections and manage emotional isolation.

You deserve to feel supported and connected, and even if the journey to finding that seems long, every step you take toward opening up or seeking out others is a move toward a more fulfilling and less lonely existence.

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T S Khurana

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Ramalingam

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Top4 sips with 15k amount suggest me
Ans: Here’s an updated strategy for your Rs. 15,000 SIP allocation, replacing the sectoral/thematic fund with a small-cap fund for better long-term growth potential.

Suggested SIP Allocation (Rs. 15,000)
Large-Cap Fund

Allocation: Rs. 4,000/month
Objective: Stability and steady growth by investing in India’s top 100 companies.
Why Choose: Provides consistent returns and low volatility in your portfolio.
Flexi-Cap Fund

Allocation: Rs. 4,000/month
Objective: Diversified exposure across large, mid, and small-cap stocks.
Why Choose: Offers balanced risk and returns with flexibility during market cycles.
Mid-Cap Fund

Allocation: Rs. 3,500/month
Objective: Tap into the growth potential of medium-sized companies.
Why Choose: Higher returns with manageable risk compared to small caps.
Small-Cap Fund

Allocation: Rs. 3,500/month
Objective: Focus on fast-growing small-cap companies.
Why Choose: High-growth potential over the long term, though with higher volatility.
Why Include Small-Cap Funds?
Long-Term Growth: Small-cap companies have immense potential to grow significantly over time.
Diversification: Adds exposure to an underrepresented segment, complementing large and mid-caps.
High Returns: Potential for higher returns compared to other categories, albeit with higher risk.
Key Considerations
Investment Horizon: Stay invested for at least 7-10 years to mitigate short-term volatility.
Active Fund Management: Avoid direct or index funds to leverage professional expertise.
Regular Monitoring: Review fund performance periodically with a Certified Financial Planner.
Tax Implications
Equity Funds:
LTCG above Rs. 1.25 lakh/year taxed at 12.5%.
STCG (held less than 1 year) taxed at 20%.
Final Insights
This updated allocation ensures a mix of stability, moderate risk, and high growth. With consistent SIPs and periodic reviews, you can achieve robust wealth creation over the long term. A Certified Financial Planner can assist in optimising your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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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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