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Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Mar 11, 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
SURESH Question by SURESH on Mar 10, 2023Hindi
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SIR, I AM SR CITIZEN SALARY PERSON , I WANT TO INVEST IN TAX SAVER FUND OR FDR UPTORS.150000/- SUGGEST ME

Ans: There are special bank FDs for 5 years which are called as tax saving FDs. They have same characteristics as any other 5 year FDs but are locked in for 5 years. Tax Saver Funds are the ELSS (Equity Linked Saving Funds) Mutual Funds which invest 100% in equity, are locked in for 3 years and will give market linked returns, which in general have been higher than bank FDs. ELSS are also tax efficient. You need to decide how much volatility are you prepared to take and then invest accordingly.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |7981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

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I am 63 yrs old i received rs 9 lakhs from fd where to invest for monthly income minimum 5000 pm for personal
Ans: Given your age and the desire for a steady monthly income of Rs. 5,000 from your investment of Rs. 9 lakhs, you may want to consider options that prioritize stability and regular income.

Senior Citizen Savings Scheme (SCSS): SCSS is a government-backed savings scheme designed for individuals aged 60 years and above. It offers a fixed interest rate and provides quarterly payouts, making it suitable for generating regular income.
Post Office Monthly Income Scheme (POMIS): POMIS is another government-backed savings scheme that provides monthly interest payments. It offers a fixed interest rate, providing a reliable income source for retirees.
Fixed Maturity Plans (FMPs): FMPs are debt mutual funds that invest in fixed-income securities with a predetermined maturity date. They offer relatively stable returns and can be suitable for generating regular income.
Systematic Withdrawal Plan (SWP) from Debt Mutual Funds: You can consider investing in debt mutual funds and opt for a systematic withdrawal plan (SWP) to receive a fixed amount periodically. This allows you to potentially benefit from higher returns compared to traditional fixed-income instruments.
Annuity Plans: Annuity plans offered by insurance companies provide regular income payments in exchange for a lump sum investment. You can explore different annuity options to find one that meets your income requirements and preferences.
Before making any investment decision, carefully assess your income needs, risk tolerance, and investment horizon. Consider consulting with a Certified Financial Planner who can help you develop a personalized investment strategy tailored to your financial goals and circumstances.

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Mayank

Mayank Chandel  |2016 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Feb 17, 2025

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Hi Sir My son is appearing in CBSE 12th class this session and has cleared JEE mains with 99 percentiles. He is keen to pursue the career in research in Astro Physics. Can you please guide as to what course should he undertake, the institutes (both Indian and Foreign) and the admission process. Also if you could guide about the scope in this field.
Ans: Hi Puneet
Your son has an excellent percentile in JEE Mains, and his interest in Astrophysics is great for a research-oriented career.
There can be two ways either with B.Tech or B.S Course.
B.Tech in Engineering Physics / Electrical / Mechanical / Computer Science
Followed by an M.Sc. or Ph.D. in Astrophysics
Recommended if he also has an interest in technology, instrumentation, or computational astrophysics.

B.Sc. in Physics / Astrophysics
Followed by M.Sc. Physics / Astrophysics
Ph.D. in Astrophysics
Recommended if he is deeply interested in theoretical physics and cosmology.

IISc Bangalore – BS (Research) in Physics, followed by M.Sc./Ph.D.
IITs (IIT Bombay, IIT Kanpur, IIT Madras, IIT Delhi) – B.Tech in Engineering Physics / Physics
IISERs (Indian Institutes of Science Education and Research) – 5-year Integrated BS-MS in Physics
IIA (Indian Institute of Astrophysics, Bangalore) – Ph.D. programs in Astrophysics (after M.Sc.)
IUCAA (Inter-University Centre for Astronomy & Astrophysics, Pune) – Ph.D. in Astrophysics
TIFR (Tata Institute of Fundamental Research, Mumbai) – Integrated M.Sc.-Ph.D.

For abroad he needs to appear for SAT after 12th for UG courses & GRE for PG courses.


Scope & Career Opportunities in Astrophysics
Academia & Research: Professors, Scientists at ISRO, NASA, ESA, etc.
Observatories & Space Organizations: Working with telescopes and space missions.
Data Science & AI: Many astrophysicists work in AI, ML, and big data analytics.
Finance & Consulting: The analytical skills from physics are in demand in finance.

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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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