We want to start a SIP in MF of 10,000 per month for a period of 5 years. How about an index fund. Can you please suggest

Ans: Yes. I have had doctors who have gone to do MBA from top institutes like IIM A, JBIMS, etc. They have got job in Healthcare consultancy in consultancy firm. One has gone to work as an Investment Banker in JP Morgan.

Ans: There's a lot more to your question and the cause of your confusion needs to be understood??

Did you say life as an Army Officer or plan your career as a civilian,
Be ready for the challenges on both sides.. Life is not a bed of roses,thorns come along.

Do an aptitude test understand what you are ready for.. Life for the Nation NDA... Lives for the nation Btech!?

Your choice!

Ans: I understand from your current social status you must find a job and repay your parental debt.. Further Education later!

Ans: BSc Eco Hon.. are you asking further studies or career options.Please clarify.

Ans: I don't know where you are based to guide you through the process, do come back with location.

Ans: There are many shortcuts but the time bound process gives more knowledge & results ...your call!

Ans: Btech degree and Customer Service Associate, I understand when you are unemployed, you sometimes choose the wrong option.

Let me guide you through the process of being employed, design a powerful resume not more than 2 pages highlight skill and performance!

Go directly to websites of companies and apply in their career section see that your job matches their JD (Job Description)
Well you will certainly find opportunities!

As far as the MBA.. it will happen.. Sooner not later.. Stay focussed!

Ans: Rohith,

It's commendable to see your dedication towards building a diversified investment portfolio through SIPs. Reviewing your portfolio is crucial to ensure it remains aligned with your financial goals and risk tolerance.

Firstly, let me appreciate your proactive approach in diversifying your investments across multiple funds. This spreads risk and enhances potential returns. However, it's essential to periodically evaluate the performance of each fund and make adjustments as necessary.

Consider factors like fund performance, consistency, fund manager's track record, and investment objectives. Additionally, assess whether your portfolio reflects your risk appetite and investment horizon.

Remember, investing is a journey, not a destination. Stay informed, stay patient, and stay committed to your financial goals. Regularly review and rebalance your portfolio to adapt to changing market conditions and personal circumstances.

As a Certified Financial Planner, my role is to guide you on this journey, providing insights and recommendations tailored to your unique situation. Feel free to reach out for further assistance or clarification.

Wishing you success in your investment journey!

Ans: I understand your situation and your desire to secure your children's education and your retirement. Let's outline a plan to achieve your objectives:

Education Fund for Children:
You have visibility of 30 lakhs for your children's education, which is a good start. To bridge the gap, consider allocating a portion of your remaining savings towards an education fund. You can invest in diversified mutual funds or fixed income instruments based on your risk tolerance and investment horizon.
Additionally, explore scholarship opportunities and educational loans to reduce the financial burden.
Debt Management:
Selling two flats to become loan-free on the villa is a prudent move to reduce debt burden. It will also free up cash flow for other financial goals.
Consider refinancing or restructuring the villa loan to reduce interest payments and accelerate debt repayment.
Retirement Planning:
With 1.2 crores in savings, you can create a retirement corpus through systematic investments in a combination of equity and debt instruments.
Allocate a portion of your savings towards diversified equity mutual funds for long-term growth potential. Aim for a balanced portfolio to manage risk effectively.
Consider investing in debt instruments like PPF, government bonds, and fixed deposits for stability and regular income during retirement.
Maximize contributions to EPF or consider opening a Voluntary Provident Fund (VPF) account to enhance retirement savings.
Emergency Fund:
Maintain an adequate emergency fund equivalent to 6-12 months of living expenses to handle unforeseen circumstances without dipping into long-term investments.
Review and Adjust:
Regularly review your financial plan and make adjustments based on changes in income, expenses, and market conditions.
Stay disciplined with your savings and investment strategy to achieve your financial goals effectively.
It's important to remain optimistic about your job search while simultaneously focusing on securing your family's future. Consider seeking guidance from a certified financial planner to tailor a comprehensive financial plan aligned with your specific circumstances and objectives. With careful planning and disciplined execution, you can work towards a secure and prosperous future for yourself and your family.