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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Jan 30, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Asked by Anonymous - Jan 30, 2023Hindi

Money

Sanjeev Govila sir, What’s the difference between a registered investment Advisor and the investment Advisor Representative?

Ans: A Registered Investment Advisor (RIA) is registered with SEBI, is highly regulated and audited, and voluntarily submits himself/herself to more scrutiny and regulations. You can safely assume that an RIA would always place your interests foremost without any doubt as the RIA gets no commission or compensation from anybody other than his/her clients. Thus, you would have to pay a fee to an RIA, like you pay a doctor, as there would be no other source of earning for an RIA. So, there would be no conflict of interest and you need not worry if you’re getting the right advice.

Investment Advisor Representative is no standard term used in financial industry and I’m not sure what do you mean by this. Hence, unable to reply to it.

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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You may like to see similar questions and answers below

Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on May 14, 2023

Question by Ranajeet - May 14, 2023Hindi

Money

Colonel Saheb first clear the air about whether you are a SEBI registered Investment Advisor or Mutual Fund Distributor??If you are RIA then share ur Registration no.

Ans: Ha ha – your ‘first clear the air’ words give away a lack of trust in my abilities to answer questions here! I assure you that Rediff team is a very capable one and they’ve done their due diligence before they brought me on this portal.

Nevertheless, to answer your question – I’ve been a RIA for the past nine years (since 30th April 2014) with my SEBI RIA Regn No INA 100001695. You would be able to see it on SEBI RIA page.

Ramalingam Kalirajan |7742 Answers |Ask -Follow

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

Asked by Anonymous - Jun 14, 2024Hindi

Money

Hi..I am 41 and planning for 6-7Cr corpus in next 15 years...I have consulted a investment consultant. The question that I have is the consultant would be investing in Regular funds and not Direct funds..so what is the max difference in returns in terms of %, in case I decide to opt for Regular funds through consultant. Is it advisable to opt for Regular Funds? Thanks in advance..

Ans: It's great that you're planning for a Rs 6-7 crore corpus in the next 15 years. Consulting an investment expert shows your commitment to achieving this goal. Let's discuss whether opting for Regular funds over Direct funds is advisable.

Understanding the Difference Between Regular and Direct Funds
1. Expense Ratio

Regular funds have a higher expense ratio than Direct funds. This is because Regular funds include distributor commissions. Direct funds do not have this additional cost.

2. Impact on Returns

The difference in returns between Regular and Direct funds can range from 0.5% to 1.5% annually. Over 15 years, this can add up significantly.

3. Professional Guidance

Investing through a Certified Financial Planner (CFP) provides professional guidance. This can help in choosing the right funds and strategies.

Benefits of Regular Funds
1. Expert Advice

Regular funds come with the advantage of expert advice from your CFP. This guidance can help in making informed investment decisions.

2. Convenience

Your consultant handles all paperwork, portfolio reviews, and rebalancing. This convenience can be valuable, especially if you're busy.

3. Regular Reviews

Regular funds often come with periodic reviews and adjustments by your CFP. This ensures your investments align with your goals.

Assessing the Cost vs. Benefit
1. Additional Cost

Regular funds have higher costs due to commissions. However, these costs are justified if the CFP’s guidance leads to better investment decisions.

2. Potential Returns

The professional management and regular reviews can result in better overall performance, potentially offsetting the higher costs of Regular funds.

Evaluating Your Needs
1. Time and Expertise

If you have the time and expertise to manage your investments, Direct funds may be suitable. Otherwise, Regular funds with a CFP’s guidance are beneficial.

2. Investment Strategy

Your investment strategy should align with your risk tolerance, financial goals, and time horizon. A CFP can help tailor this strategy effectively.

Financial Planning and Goals
1. Setting Clear Goals

Define clear financial goals for the next 15 years. This includes your desired corpus, risk tolerance, and investment preferences.

2. Diversification

Ensure a diversified portfolio to manage risk. This includes a mix of equities, debt, and other instruments.

Role of a Certified Financial Planner
1. Tailored Advice

A CFP provides tailored advice based on your financial situation, goals, and risk tolerance. This personalized approach can be more effective than self-managed investments.

2. Regular Monitoring

A CFP will regularly monitor and review your portfolio. This ensures your investments stay on track to meet your goals.

Building a Strong Investment Portfolio
1. Equity Investments

Equity investments are crucial for long-term growth. A CFP can help select the right equity funds based on market conditions and your goals.

2. Debt Investments

Debt investments provide stability and reduce risk. A balanced portfolio should include a mix of equity and debt.

3. Alternative Investments

Consider alternative investments like Gold ETFs or international funds for diversification. A CFP can guide you on these options.

Long-Term Investment Strategy
1. Systematic Investment Plan (SIP)

Investing through SIPs ensures disciplined investing. It also reduces the impact of market volatility.

2. Regular Contributions

Consistently contribute to your investment portfolio. Regular investments compound over time, helping you reach your financial goals.

Importance of Reviews and Adjustments
1. Market Conditions

Regularly review your investments to adapt to changing market conditions. This helps in optimizing your portfolio for better returns.

2. Life Changes

Life events like marriage, children’s education, or buying a house can impact your financial goals. Adjust your investment strategy accordingly.

Professional Guidance vs. Self-Management
1. Professional Guidance

A CFP provides expert advice, tailored strategies, and regular reviews. This can significantly enhance your investment outcomes.

2. Self-Management

Self-managing investments requires time, expertise, and constant monitoring. If you lack these, it may lead to suboptimal decisions.

Final Insights
Opting for Regular funds through a Certified Financial Planner offers several benefits despite the higher cost. The professional guidance, convenience, and regular reviews can help you achieve your financial goals more effectively. The key is to weigh the cost against the potential benefits and align your investment strategy with your financial goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Ravi Mittal |518 Answers |Ask -Follow

Dating, Relationships Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 22, 2025Hindi

Relationship

I’m 36M, I met a girl in my office, who works in the same department. It was love at first site for me, but I was scared to tell her that. As time passed, I used to strike some casual conversations with her or her team to connect with her and there were some clear signs that she liked me, for example, she would call me or text me why I’m not talking to her if I didn’t message her for some time (a week) or she would ask me if I was coming to office as we were working Hybrid if not she would also not come to office. But she always refused to come out with me for a movie or date/meet saying she had a very strict family and cannot come out other than office. I used to think that this was a real thing. But all this went on until her birthday arrived. I got some gift to give her on her birthday only to know that she suddenly stopped talking to me, no replies to my messages, calls or anything. At first, I was bit concerned if there was any problem or if she was in any trouble. But little did I know it was not the case at this time. After few (many) attempts trying to reach her. I though maybe she could be busy or something and I understood may be if I did not disturb her, she might call back. Time went on I again met her after 4 or 5 months in Office with no contact. By this time, I had already realised there was something wrong and she had already lost interest in me. But still I felt like I wanted to have a closure on this and I went on and gave the gift and proposed her, that is when she told me that she was in a relationship with some other person for 4 years. This blew my mind to pieces, as I was thinking why would someone shows any sort of interest on someone when they are already in relationship with some other person. I tried to move away from her after this incident, but fate we still are working in the same department and that I have to see her more often than not. I still have strong feelings for her, but I cannot show this to her and worst act normal. Whenever I see her, I want to talk to her and If I talk to her, I fall for her again and again. But she is happy and casual about all this as if there was not casualty in whole of this thing. Even now she asks me if I’m coming to office so that she could meet me. So, through all this, I have some questions 1. Why does a women show any sort of Interest on someone else when she is already in a relationship, so she can use me as a options and throw away when done 2. How do I move on, as I did not love her for some superficial features, rather I really liked her character, and that is the worst as I feel like I’ll never be able to find anyone like her in my life. Feeling down for a long time now. I’m already 36, feels like all the doors have closed for me.

Ans: Dear Anonymous,
I understand that you are hurt and upset, and rightfully so. You thought she liked you but turns out, she is with someone else. It's a good enough ground to be upset. But I want you to understand one thing- you thought; she never gave you verbal confirmation. You assumed it all. So to answer your first question- all of her interest in you might have been friendly. It is difficult for me to say it with confidence because I have not seen any of this while it happened; I am only hearing your version of it. But my guess is that she thought of you as a friend or maybe, for a while there, she might have had feelings for you, but then realized that she was committed and pulled herself back. Again, all of these are my assumptions. We do not know the truth. Only she does. The next time, whenever you think someone likes you, get verbal confirmation before you act on it.

I understand that whether she showed friendly interest and you mistook it for romantic interest or she actually showed romantic interest and ghosted you, your pain remains the same because everything was real and romantic from your end. I suggest that you focus on yourself. It's unfortunate that you have to see her every day, but so be it. Take it one day at a time. Stick with your friends in your office. Find some hobby that makes you happy and when you are ready to move on, be open to finding love. I understand that this experience was bad, but it won't be the same way every time.

Best wishes.

Ravi Mittal |518 Answers |Ask -Follow

Dating, Relationships Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 25, 2025

Relationship

Hi..., I feel in love with a muslim girl. I wasn't planned, it just happened I love her exactly the way she is, unconditionally, deeply, endlessly. For the last six years, Six years of loving her without expecting anything in return, without asking for anything but the chance to admire her from a distance. Every smile, every word, every little thing about her has been etched into my heart like poetry. I never saw her religion or background—only her beautiful soul. My love for her has always been pure, unconditional, and endless. It’s not about possessing her, it’s about cherishing her, even if it means keeping my feelings hidden all this time. But six years is a long time, and my heart is heavy with this love that I’ve kept inside. Should I finally tell her what I feel? Should I risk everything to let her know how much she means to me, even if it changes everything? Love knows no boundaries, no religion, no rules—it just is. But society doesn’t think the same way. What would you do if you were in my place? After six years of love, how do you decide what’s right for the person you love?

Ans: Dear Anonymous,
It does not matter what anyone else would do in your place or what society thinks. All that matters is what you think and want to do. If you have genuine feelings for her, what's stopping you from expressing them to her? If you don't tell her, how would you know if everything is going to change for the good or bad? Do as your heart wants. After all, you are not harming anyone.

Best wishes.

Ramalingam Kalirajan |7742 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 31, 2025Hindi

Money

Hello Sir, I am a 36 years old man, father of 2 (5y & 2y), Our income is 40Lacs pa post tax addition to that we have a rental income of 50K pm, our monthly expense is around 40K which is taken care by rents. Doing a SIP of 2.5 lac with total investment of 28L , have a RD of 25 L, ULIP -10L, Gold- 50L, I want to be financially independent in next 10 years. No loan , no credit cards., Has a medical policy of 25L. Emergency fund of 10L. Please advice how i can achieve financial independence in next 10 years.

Ans: 1. Understanding Your Financial Position
You are 36 years old with a goal of financial independence in 10 years.

Your annual post-tax income is Rs 40 lakh, with an additional rental income of Rs 50,000 per month.

Your monthly expenses are Rs 40,000, which are fully covered by rental income.

Your current investments include:

Rs 2.5 lakh SIP per month
Rs 28 lakh in mutual funds
Rs 25 lakh in RD
Rs 10 lakh in ULIP
Rs 50 lakh in gold
Rs 10 lakh emergency fund
You have no loans or credit cards, which is a strong financial position.

Your health insurance is Rs 25 lakh, which is good but may need a review later.

2. Defining Financial Independence
Financial independence means having passive income that covers all expenses.

You need enough wealth to generate returns that sustain your lifestyle.

Your target should be to build a portfolio that provides stable income after 10 years.

3. Optimising Your Current Investments
Mutual Funds – Increase Allocation
Your Rs 2.5 lakh SIP is excellent, but it needs active management.

Actively managed funds provide better returns than index funds.

Direct mutual funds lack professional management. Investing through an MFD with CFP credential helps maximise returns.

Maintain a mix of large-cap, mid-cap, and hybrid funds for stability and growth.

Recurring Deposit (RD) – Shift to Growth Assets
Rs 25 lakh in RD earns lower returns compared to equity.

Consider shifting RD funds gradually into mutual funds for better compounding.

Keep only a portion in fixed-income instruments for stability.

ULIP – Consider Surrendering
ULIPs mix insurance with investment, which reduces returns.

Surrendering and reinvesting in mutual funds can improve returns significantly.

Keep insurance separate from investments for better wealth creation.

Gold – Maintain a Balanced Allocation
Rs 50 lakh in gold is a significant portion of your portfolio.

Gold is good for diversification but does not generate passive income.

Consider reducing gold exposure and reallocating to growth-oriented assets.

4. Asset Allocation for Financial Independence
A well-diversified portfolio ensures long-term stability and wealth growth.

Your asset allocation can be:

60% in equity mutual funds
20% in debt funds and bonds
10% in gold and other assets
10% in liquid funds for short-term needs
Adjust allocation every year based on market performance.

5. Passive Income Strategy
Your goal is to generate passive income through investments.

SIPs will build a strong equity base over the next 10 years.

A mix of mutual funds and debt instruments will provide steady cash flow.

Rental income already covers monthly expenses, which is an advantage.

After 10 years, your investments should generate returns covering all financial needs.

6. Emergency Fund and Insurance Review
Emergency Fund
Your Rs 10 lakh emergency fund is good.

Keep this amount in liquid funds or fixed deposits for easy access.

Maintain at least six months of expenses as a backup.

Health Insurance
Your Rs 25 lakh health cover is decent, but medical costs rise over time.

Consider increasing coverage to Rs 50 lakh if affordable.

Ensure it covers critical illness and long-term care needs.

7. Retirement and Children’s Education Planning
Retirement Planning
Financial independence should include a secure retirement plan.

Your investments will continue growing even after achieving independence.

Keep investing to ensure financial security beyond the next 10 years.

Children’s Education
Education costs will rise significantly over time.

Start a dedicated investment plan for your children’s higher education.

Equity mutual funds with a long-term horizon will help meet this goal.

8. Tax Efficiency and Wealth Preservation
Efficient tax planning ensures you maximise post-tax returns.

Long-term capital gains tax is lower on equity investments.

Regularly review your tax liability to optimise investment returns.

9. Monitoring and Adjusting the Plan
Review your portfolio every six months.

Rebalance investments if market conditions change.

Keep track of financial independence progress based on wealth accumulation.

10. Final Insights
Your financial position is strong, and your goal is achievable.

Shifting from low-return assets to equity will help in long-term wealth creation.

Active management of investments will ensure better returns and financial security.

Keep insurance separate from investments to avoid lower returns.

A disciplined approach to investing and spending will lead to financial independence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Radheshyam Zanwar |1164 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 31, 2025Hindi

Career

Sir,Can you suggest Interview skill preparations coaching classes for students in Engineering, like aptitude skills,coding skills in belgaum

Ans: Hello dear.
Practically speaking, if you wish to enter into the teaching field, and that too in the coaching industry, you must have basic communication skills, the mindset of students, and a teaching methodology. depth of syllabus, examination and paper pattern, and a lot more, and apart from that, the in-depth knowledge of a particular subject in which you are interested. This is applicable everywhere and at Belgaum also. The interview taker will go through these parameters deeply. Along with this, develop your aptitude skill and knowledge in coding skills which is related to your subject. Best of luck for your upcoming interview.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Harsh Bharwani |73 Answers |Ask -Follow

Entrepreneurship Expert - Answered on Jan 31, 2025

Question by Anuj - Dec 25, 2024Hindi

Career

Hi what business can I start with 20000rs?

Ans: Hello Mr. Anuj,
Starting a business in India with a budget of ?20,000 is entirely possible with strategic planning, local market research, and minimal infrastructure. Whether you prefer a home-based model, freelancing, or product-based business, several viable options can generate steady income. Here’s a detailed guide to ten promising business ideas tailored for the Indian market.

Online Reselling via Dropshipping
Dropshipping allows you to sell products without holding inventory. Popular categories include eco-friendly products, ethnic jewellery, and mobile accessories. Profit margins range from 30–50%, but success depends on social media marketing and supplier reliability.

Freelancing Services
If you have skills in content writing, graphic design, or video editing, freelancing can be a lucrative option. A laptop and internet connection are the only real requirements. Building a strong online presence on LinkedIn or Fiverr can help secure consistent clients.

Home Tutoring/Coaching
With increasing competition in academics, home tutoring is a stable business. Charging ?1,000–2,000 per student per month ensures recurring income. The demand peaks during exam seasons, making it a great long-term option.

Event Decoration
Event decoration, especially in Tier-2 and Tier-3 cities, is a creative and profitable business. Specializing in birthday parties, anniversaries, and wedding decor can help build a niche. However, the business is seasonal.

Customized Printing
Selling custom-printed T-shirts, mugs, and gifts online is a trendy business. With social media marketing, you can attract college students and young professionals who love personalized products. However, printer maintenance costs should be considered.

Key Tips for Success
Legal Compliance: Register as a sole proprietorship for hassle-free operations.
Smart Marketing: Use WhatsApp Business, Instagram Reels, and Google My Business for cost-effective promotions.
Cost Control: Rent equipment (e.g., cloud kitchens) instead of buying to minimize overheads.
Customer Feedback: Focus on refining offerings based on customer preferences.
Start Small, Scale Later: Test your business model before making large investments.
With careful planning, minimal investment, and the right strategy, starting a business with ?20,000 in India is not only possible but also profitable. Choose a business aligned with your skills and local market demand, and take the first step toward entrepreneurship today!

Radheshyam Zanwar |1164 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 30, 2025Hindi

Career

I passed 10th in 2022 and 12th in 2024 both from cbse, but now I'm doing 12th from nios, i have never gave jee, and now I'm thinking to give as 12th appearing student do i have attempts for three years from 2025??

Ans: Hello dear.
Yes. You can appear for JEE. But why you are thinking about three attempts? Try to appear in the exam like JEE almost 2 times. Even in 2nd attempt, most of the students get fed up. Best of luck for your upcoming exam.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Radheshyam Zanwar |1164 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jan 31, 2025

Question by ashokreddy - Jan 31, 2025Hindi

Career

Best engineering colleges for mechatronics branch.pls answer sir.

Ans: Hello Ashokreddy.
Are you asking for PAN India, or is your state not clear? Are you an aspirant of JEE or state engineering entrance test is also unclear. Pl mention the details to guide you properly. Thanks

Milind Vadjikar |947 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 31, 2025Hindi

Money

Im a 25 year old doctor, net salary of 75000 per month, can you suggest me a mutual fund portfolio and best way to time my withdrawls so as to minimize tax ?

Ans: Hello;

You may plan your investments as 50% in a flexicap type mutual fund and 50% in large cap type mutual fund.

Both are taxed as equity, being equity funds hence have 12.5% LTCG applicable on profits(beyond threshold) after one year, if withdrawn.

Happy Investing;
X: @mars_invest

Milind Vadjikar |947 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 31, 2025Hindi

Money

Hi Sir. I am a 37 year old woman, single (unmarried) living with my mom, my younger brother and sister in law. I recently went through a layoff. This is my current portfolio, if you can advice if this is good or needs any adjustments and can help me plan my savings better. My usual monthly spends on an average is around ₹35-40,000. Current portfolio till date PPF ₹8,00,000 LIC Jeevan Anand 149 policy (₹4,00,000) PF ₹12,00,000 FD ₹31,00,000 MF ₹2,70,000 (current value) lump sum invested in Nippon Tax saver, ICICI prudential long term Tax Saver and Axis Long term Tax Saver Funds Savings Account ₹37,66,000 Gold ₹30,00,000 (bought jewellery)

Ans: Hello;

You may keep max 3-4 L in your savings account and invest the balance funds in mutual funds as per your risk profile.

Apart from this you need to continue with PPF and open NPS account and invest regularly for retirement planning.

Do not fall for any endowment insurance policies because they provide abysmal return on your investment.

It is your personal choice to buy gold jewellery as much as you like but for investment sake best way to invest in gold is through SGBs or gold mutual funds.

Best wishes;
X: @mars_invest

Milind Vadjikar |947 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 31, 2025

Asked by Anonymous - Jan 31, 2025Hindi

Money

Hi i am 52 single and corpus 3cr and house 1.5 cr with mom being govt pensioner and my salary 2.5 lk permonth. can i retire and how do i retire?

Ans: Hello;

How much is your monthly household expenses?

How much pension does your Mom get? Is she covered under SGHS/CGHS for medical issues?

Please provide answers to these queries so as to advise you suitably.

Thanks;

See more questions »

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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