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47-Year-Old Father Seeks Advice on SIP for Daughter's Medical Studies

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 22, 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

Question by Vivek on Jul 13, 2024Hindi

Money

Dear Sir, I seek your advice on starting a Mutual Fund SIP for my daughter's higher studies. She is currently in Class 7 and aspires to be a doctor. I am 47 years old, with a monthly net income of ?3 lakhs. Currently, I invest ?1.25 lakhs per month in SIPs across large-cap, mid-cap, small-cap, and aggressive hybrid funds. I own a loan-free home in Navi Mumbai and am in the process of buying a ?90 lakh flat, for which I have already paid ?52 lakhs. I plan to work for another four years. My total savings, including PF, PPF, SSY, land, and mutual funds, amount to ?2.7 crores. My current household expenses are ?75,000-?85,000 per month. Could you please recommend a suitable Mutual Fund SIP for my daughter's education? Additionally, I would appreciate guidance on how much money I should have to ensure a comfortable retirement.

Ans: Current Financial Situation
You are 47 years old.

Your monthly net income is Rs 3 lakhs.

You invest Rs 1.25 lakhs per month in SIPs across various mutual funds.

You own a loan-free home in Navi Mumbai.

You are in the process of buying a Rs 90 lakh flat and have paid Rs 52 lakhs.

You plan to work for another four years.

Your total savings, including PF, PPF, SSY, land, and mutual funds, amount to Rs 2.7 crores.

Your household expenses are Rs 75,000 to Rs 85,000 per month.

Planning for Daughter's Higher Education
Investment Horizon
Your daughter is currently in Class 7.

She aspires to be a doctor.

You have an investment horizon of 6-7 years until she starts her medical studies.

Suitable Mutual Fund SIPs
Consider equity-oriented mutual funds for long-term growth.

Focus on diversified equity funds for balanced risk and returns.

Look for funds with a good track record and consistent performance.

Monthly SIP Amount
Determine an affordable SIP amount based on your current investments and savings.

Aiming for Rs 25,000 to Rs 30,000 per month would be prudent.

This ensures adequate funds for her higher education.

Ensuring a Comfortable Retirement
Retirement Corpus
Estimate your retirement needs based on current expenses.

Assume an inflation rate to maintain purchasing power.

Aim for a retirement corpus that supports your lifestyle for 20-25 years post-retirement.

Existing Savings and Investments
You have Rs 2.7 crores in savings and investments.

Continue your current SIPs and other investments.

Ensure your portfolio is diversified across equity, debt, and fixed income.

Additional Retirement Savings
Consider increasing your SIP amount if possible.

Maximize contributions to PF, PPF, and other fixed income instruments.

These provide safety and stable returns.

Reducing Expenses and Debt
You are buying a new flat.

Ensure you manage the remaining payment without straining your finances.

Avoid taking on unnecessary debt.

Focus on reducing household expenses where possible.

Professional Guidance
Consult a Certified Financial Planner.

They will help assess your financial goals and create a detailed retirement plan.

Strategies for Education and Retirement
Education Fund
Start a dedicated SIP for your daughter's education.

Choose equity-oriented funds with a strong performance history.

Ensure regular reviews and adjustments based on market conditions.

Retirement Fund
Maintain a balanced portfolio for retirement savings.

Include a mix of equity, debt, and fixed income.

Consider systematic withdrawal plans post-retirement for regular income.

Regular Monitoring
Review your investment portfolio regularly.

Make adjustments based on market performance and personal goals.

Seek professional advice for tailored guidance.

Final Insights
You have a stable financial situation with a good income.

Starting a SIP for your daughter's education is a wise decision.

Focus on equity-oriented funds for long-term growth.

Ensure your retirement corpus is sufficient for a comfortable life.

Diversify your investments and avoid unnecessary debt.

Regularly review and adjust your portfolio.

Consult a Certified Financial Planner for expert advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2024

Asked by Anonymous - Dec 26, 2023Hindi

Money

i am 46 years old and plan to invest 65000 PM on sip for my Dougher education , Marriage and retirement. For Daughter education I need 45 Lakhs (current cost) in 8 years and for her marriage 40 Lakh (current cost) in 12 years. I need 2 crores in 12 years for my retirement. My profile is moderately aggressive risk taker. i have currently have 40Lakhs in mutual fund portfolio. current mutual fund portfolio is a mix of midcap , Flexicap and small cap funds. i am currently doing a SIP of 20000 in Canara Robeco Emerging Equities-Direct-Growth,Rs 5000 sip in DSP Small Cap Fund-Direct-Growth , Rs 5000 SIP in Invesco India Infrastructure Fund - Direct Plan Growth and sip of 10000 in Kotak Emerging Equity Fund - Direct Plan - Growth . I have employee insurance and additional term insurance on own. i have employee medical insurance and additional family medical insurance of 5 lakh on my own. i have paid off my home loans. i want to increase my current sip of Rs 40000 to 65000 pm please suggest mutual funds to meet my goals for Daughter education , Marriage and retirement.

Ans: Given your financial goals for your daughter's education and marriage, as well as your retirement, let's devise a strategic plan to achieve them through SIP investments.

Assessing Your Financial Goals
You aim to accumulate Rs 45 lakhs in 8 years for your daughter's education, Rs 40 lakhs in 12 years for her marriage, and Rs 2 crores in 12 years for your retirement. These are ambitious yet achievable goals with the right investment approach.

Understanding Your Risk Profile
As a moderately aggressive investor, you are willing to accept higher risks in exchange for potentially higher returns. This risk appetite aligns well with your long-term investment horizon and financial goals.

Evaluating Your Current Mutual Fund Portfolio
Your existing portfolio consists of midcap, flexicap, and small-cap funds, reflecting a diversified approach to equity investments. These funds have the potential to generate high returns over time, suitable for your risk profile and long-term goals.

Increasing Your SIP Investments
To increase your SIP from Rs 40,000 to Rs 65,000 per month, we need to identify suitable mutual funds aligned with your financial goals and risk tolerance.

Choosing Mutual Funds for Education and Marriage Goals
Education Goal (Rs 45 lakhs in 8 years): Given the relatively short time horizon, focus on equity funds with a blend of midcap and flexicap funds. These offer growth potential while managing volatility.

Marriage Goal (Rs 40 lakhs in 12 years): With a slightly longer horizon, maintain exposure to midcap and flexicap funds but consider adding large-cap funds for stability and consistent returns.

Retirement Planning (Rs 2 crores in 12 years)
Balanced Approach: Given the importance of this goal, adopt a balanced approach with exposure to equity and debt funds. Allocate a significant portion to equity for growth potential while diversifying into debt for stability.

Systematic Asset Allocation: Implement a systematic asset allocation strategy, gradually shifting towards debt as you approach retirement to safeguard accumulated wealth.

Benefits of Actively Managed Funds Over Index Funds
Actively managed funds offer several advantages over index funds:

Expert Management: Actively managed funds are overseen by professional fund managers who actively research and select investments, aiming to outperform the market.

Flexibility: Fund managers have the flexibility to adjust portfolios based on market conditions and opportunities, potentially enhancing returns.

Conclusion
Increasing your SIP investments to Rs 65,000 per month is a prudent step towards achieving your financial goals. By diversifying your portfolio with a mix of equity and debt funds, and focusing on actively managed funds, you can potentially maximize returns while managing risks effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Asked by Anonymous - Jul 13, 2024Hindi

Money

Dear Sir, I seek your advice on starting a Mutual Fund SIP for my daughter's higher studies. She is currently in Class 7 and aspires to be a doctor. I am 47 years old, with a monthly net income of ?3 lakhs. Currently, I invest ?1.25 lakhs per month in SIPs across large-cap, mid-cap, small-cap, and aggressive hybrid funds. I own a loan-free home in Navi Mumbai and am in the process of buying a ?90 lakh flat, for which I have already paid ?52 lakhs. I plan to work for another four years. My total savings, including PF, PPF, SSY, land, and mutual funds, amount to ?2.7 crores. My current household expenses are ?75,000-?85,000 per month. Could you please recommend a suitable Mutual Fund SIP for my daughter's education? Additionally, I would appreciate guidance on how much money I should have to ensure a comfortable retirement.

Ans: Overview of Financial Goals
You have two main financial goals: funding your daughter's higher education and ensuring a comfortable retirement. Let's address both in detail.

Daughter's Higher Education
Time Frame: Your daughter is in Class 7. Assuming she will start her medical studies in Class 12, you have about 5-6 years to build this fund.

Target Corpus: Considering the rising cost of medical education in India and abroad, aim for a corpus of Rs. 50-75 lakhs.

Suggested Mutual Fund SIP Strategy
To accumulate this corpus, a well-diversified portfolio is essential. Here are the suggested fund types:

Aggressive Hybrid Funds

These funds invest in both equity and debt, providing balanced growth and stability.
Mid-cap and Small-cap Funds

These funds can offer higher returns, suitable for the 5-6 year horizon.
Equity-linked Savings Schemes (ELSS)

These funds provide tax benefits under Section 80C and have a mandatory lock-in period of 3 years, aligning well with your goal.
Monthly SIP Amount
To accumulate Rs. 50-75 lakhs in 5-6 years, you need to invest approximately Rs. 60,000-70,000 per month.

Retirement Planning
Current Age: 47 years

Retirement Age: 51 years (planning to work for another four years)

Monthly Expenses: Rs. 75,000-85,000

Target Retirement Corpus
Assuming you need Rs. 2 lakhs per month post-retirement and considering inflation at 6%, your retirement corpus should be substantial.

Post-retirement Monthly Expenses: Rs. 2 lakhs (in today's terms)
Inflation-adjusted Monthly Expenses: Calculate for 30 years (average life expectancy up to 80 years)
Investment Strategy for Retirement
Balanced Advantage Funds

These funds dynamically adjust the equity-debt mix based on market conditions.
Large-cap and Flexi-cap Funds

These funds invest in large, stable companies, offering relatively lower risk.
Debt Funds

Include short-term and medium-term debt funds for stability and regular income.
National Pension System (NPS)

Continue contributing to NPS for tax benefits and a steady retirement income.
Monthly Investment Amount
To achieve a comfortable retirement, continue your current SIPs of Rs. 1.25 lakhs per month and allocate an additional Rs. 75,000-1 lakh towards balanced funds and NPS.

Final Insights
Daughter's Education:

Increase your monthly SIPs to Rs. 60,000-70,000 across aggressive hybrid, mid-cap, and small-cap funds.
Retirement Planning:

Continue your current SIPs and allocate extra towards balanced advantage funds, large-cap funds, and NPS.
Emergency Fund:

Maintain an emergency fund to cover at least 6-12 months of expenses.
Regular Reviews:

Conduct annual reviews of your investment portfolio to ensure alignment with your financial goals.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Oct 15, 2024

Asked by Anonymous - Oct 14, 2024Hindi

Money

dear sir, I am planning to invest ?5,000 per month for my daughter's education or their marriage expenses, with a timeframe of at least 20 to 25 years in a SIP. Which fund would you recommend for this duration? and is it advisable to open a demat account on her name, she is currently 7 years old?

Ans: You are planning to invest Rs 5,000 per month for your daughter’s education or marriage expenses, with a timeframe of 20 to 25 years. This is a great step towards securing her future. It gives you a long-term horizon to grow your wealth. Let's explore the best way to approach this.

Systematic Investment Plan (SIP) for Long-Term Goals
For a long-term goal like your daughter's education or marriage, SIP is a smart choice. SIPs offer disciplined investing, and the power of compounding can work in your favour over 20-25 years.

Equity Mutual Funds: Since your goal is long-term, equity mutual funds are a good option. They tend to perform better than other investment options over longer durations.

Flexibility of SIP: One of the advantages of SIP is that you can start small and increase the amount later as your income grows. This flexibility ensures that you can stay consistent with your contributions.

Ruled by Market Cycles: Equity mutual funds are subject to market ups and downs. But over a 20-25 year horizon, these fluctuations tend to even out. Historically, equity mutual funds have delivered inflation-beating returns over the long term.

Actively Managed Funds vs Index Funds: Actively managed funds could be a better option than index funds in this case. While index funds track a market index, they might miss out on the ability to outperform the market. Fund managers in actively managed funds can take advantage of market opportunities to generate better returns.

Importance of Diversification
Diversification reduces risk and gives better stability to your portfolio. Over 20 to 25 years, market conditions will vary. A well-diversified portfolio ensures your money grows steadily.

Equity Diversification: You can diversify within equity by investing in a mix of large-cap, mid-cap, and small-cap funds. Large-cap funds are more stable, while mid-cap and small-cap funds have the potential for higher returns but come with higher risk.

Adding Debt Mutual Funds: Adding some portion of debt mutual funds can provide stability, especially as you get closer to your goal. Debt funds are less volatile and can act as a cushion when the equity markets go down.

International Exposure: Some portion of your portfolio can also have international exposure, which adds a layer of diversification across geographies.

Regular vs Direct Funds: What Should You Choose?
If you have heard about direct mutual funds, it may seem tempting because they offer lower expense ratios. But direct funds are not always the best option unless you are an experienced investor who can manage everything on your own.

Direct Funds Drawbacks: Investing in direct funds means you need to track the market yourself. You will have to decide when to buy, switch or exit. It can be time-consuming and requires knowledge of market trends. There is no professional guidance or hand-holding.

Benefit of Investing Through an MFD with CFP Credential: Instead, choosing a regular plan through a certified financial planner (CFP) ensures you get expert advice. Your CFP will track the market for you, rebalance your portfolio when needed, and help you align it with your financial goals. The cost of a regular fund might be slightly higher due to the expense ratio, but the guidance and personalised planning are worth it.

Tax Implications You Should Know
When investing for such a long period, it's important to consider the tax implications as well.

Capital Gains Tax: In equity mutual funds, long-term capital gains (LTCG) above Rs 1.25 lakh are taxed at 12.5%. Short-term capital gains (STCG) are taxed at 20%. It’s advisable to plan your withdrawals smartly, keeping these tax rates in mind.

Debt Funds Taxation: In debt mutual funds, both LTCG and STCG are taxed as per your income tax slab. Debt funds are more tax-efficient than FDs, especially over the long term.

Should You Open a Demat Account for Your Daughter?
Now, let’s address the question of whether it’s advisable to open a Demat account in your daughter’s name.

Demat Account for Minors: Technically, you can open a Demat account in your daughter's name even though she is 7 years old. However, as a minor, she won't have any control over the account until she turns 18. You, as the guardian, will have to manage it on her behalf.

Practicality of Opening a Demat Account: It’s more practical to invest in your own name and earmark these funds for your daughter's education or marriage. You can always transfer the money or investments to her when needed. Opening a Demat account at this stage might add unnecessary complexity, especially when you can manage her investments easily from your own account.

Ownership Considerations: While it may seem like a good idea to keep her investments separate, the tax liabilities will still be on you until she turns 18. Managing investments from your account simplifies the process and keeps everything in one place.

Keeping Inflation in Mind
Inflation is an important factor to consider when investing for long-term goals like education or marriage. Costs, especially in education, rise significantly over time. It’s crucial to choose investment options that can give you inflation-beating returns.

Equity for Higher Returns: Equity mutual funds can help beat inflation in the long term. Over a 20-25 year period, equity investments have the potential to generate returns higher than inflation.

Regular Review: While you don’t need to check your investments every day, it's wise to review them annually or semi-annually. This ensures that your investments are on track to meet your goals, and you can make adjustments if needed.

Don’t Depend on Insurance-Based Investment Plans
It’s common for parents to be attracted to investment-cum-insurance policies for their children's future. However, these policies often give lower returns compared to mutual funds.

Investment-Cum-Insurance Policies: Such policies may promise assured returns, but the returns are often quite low. It is better to keep your insurance and investment separate.

Consider Surrendering: If you currently hold any investment-cum-insurance policies, you might want to consider surrendering them and reinvesting the proceeds into mutual funds. A dedicated mutual fund portfolio will grow much better over the long term.

Final Insights
Your decision to invest Rs 5,000 per month in SIP for your daughter's future is a wise one. With a 20-25 year horizon, equity mutual funds offer you the best opportunity for growth. Actively managed funds, diversified across large-cap, mid-cap, and small-cap, provide stability and the potential for higher returns.

Opening a Demat account in your daughter’s name is not necessary at this stage. Managing her investments from your account is more practical, and you can transfer the funds to her when needed.

Keep insurance and investments separate. Focus on long-term growth through mutual funds, and consider investing through a certified financial planner (CFP). They can guide you to ensure your portfolio stays on track for your daughter’s future education or marriage expenses.

Best Regards,

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

Nitin Narkhede |36 Answers |Ask -Follow

MF, PF Expert - Answered on Oct 16, 2024

Asked by Anonymous - Oct 14, 2024Hindi

Money

dear sir, I am planning to invest Rs. 5,000 per month for my daughter's education or their marriage expenses, with a timeframe of at least 20 to 25 years in a SIP. Which fund would you recommend for this duration? and is it advisable to open a demat account on her name, she is currently 7 years old?

Ans: For your daughter’s education or marriage expenses, with a 20-25-year horizon, investing Rs. 5,000 per month in equity mutual funds via a SIP is a good approach. Long-term investments benefit from the power of compounding and have the potential for higher returns in equity markets.
Consider the following types of funds: 1. Flexi-cap Funds- These invest in companies of various sizes, balancing risk and returns. Funds like Parag Parikh Flexi Cap or UTI Flexi Cap are solid choices. 2. Large Cap Funds- These focus on established companies and offer stability. Examples include SBI Blue-chip and Axis Blue-chip Fund. 3. Child-Centric Funds- These are tailored for long-term educational goals, such as the HDFC Children’s Gift Fund.
Opening a Demat account in your daughter’s name isn't necessary. You can hold investments in your name under a minor account, and when she turns 18, the account can be transferred to her. Investing through mutual fund SIPs is a simple, efficient method that doesn't require a Demat account.
This strategy will help you build a substantial corpus for your daughter’s future needs over the next 20-25 years by reviewing your investments periodically.
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Dr Nagarajan Jsk |183 Answers |Ask -Follow

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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• Royal College of Radiologists – RCR Specialty Training Sponsorship Scheme
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• University of Buckingham – Master of Medicine
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• 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.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Aug 02, 2024Hindi

Career

I’m mbbs final year student from Kathmandu university want pg medicine from UAE

Ans: You have provided very limited information. I understand that you are a student from Kathmandu University and wish to pursue higher education in medicine in the UAE. To provide a more accurate response, I need the following details:

What is your nationality? (Based on your nationality, I can check the relevant requirements from the health department regarding courses and internships).

Dr Nagarajan Jsk |183 Answers |Ask -Follow

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

Asked by Anonymous - Dec 20, 2024Hindi

Career

Sir my son has 92 percentile in cat 2024..what are his scopes of admission.

Ans: Hi Sir,
You have provided very limited information to obtain the details. However, the percentile of the candidate will not solely determine the admission process. Other factors are also involved, including:

- Course
- Institution
- Caste
- Creamy layer
- Gender

But, there may be possibilities for admission to the following IIMs: IIM Visakhapatnam, Udaipur, Bodhgaya, Shillong, and Rohtak.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Kanchan Rai |444 Answers |Ask -Follow

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

Question by Kevin - Dec 19, 2024Hindi

Relationship

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.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

My Question is for New Tax Regime for Financial Year 2024 – 25. Total gross Income is Rs.9 lakhs and along with that income from share / stock trading i.e short term gains of Rs. 1 lakh. Could you please help me advise if what would be the tax liability?

Ans: 01. Considering your Income of Rs.9.00 lakhs as business income & Rs.1.00 lakh as STCG on securities, without any tax savings, your tax liability would be around Rs.62,400.00 in New tax regime. If we opt for the old tax regime, your tax liability would be much more than this.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

I got a residential property through will from my mother,,property is 30 years old and i am planning to sell it, in that case i am going to get Rs 165lacks,, what will be the tax implication and how to avoid the same kindly advise i am 55 years old married man with a daughter

Ans: 01. In this case, you would be subjected to LTCG (Long Term Capital Gain) tax.
02. To work out LTCG, you should reduce its Cost from the Sale proceeds (Rs.165.00 lakhs).
of property, which was costed to your mother.
03. However, following details may help you to assess your tax liability.
Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. To avoid tax, you may invest in purchase of some house property. Exemption available would be minimum of Cost of new house property or the LTCG, which ever is less.
06. You have the option to purchase Capital Gain Bonds of NHAI etc., for tax saving.
07. Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

Hello Sir, I worked in a Pvt Ltd company from 2006 to 2011, and they had their own PF trust. The company was later sold off to another firm. I still haven't withdrawn the my PF amount. How will i be able to do that. I have the PF number and ESP number. Since this was before 2011 , my UAN is not linked to this account. How will i be able to retrieve my PF amount that is still stuck here.

Ans: Kindly keep in touch with your previous employer (present owner of the company), in this connection. There should not be any problem in getting your PF amount, except certain formalities/ forms to be submitted.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Dear Guru. I have inherited a property in Mumbai from my deceased father which was purchased in 1983 by him. If today i sell the property which is worth 2.60 Crs whats my capital gains tax and how will it be calculated

Ans: 01. In absence of exact figures, it is not possible to calculate your Capital Gains Tax. However, following details may help you to assess your tax liability.
02. Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

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

Question by Anil - Dec 20, 2024Hindi

Money

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

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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