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Financial Planning: Best Way to Reach 1 Crore in 5 Years with 1 Lakh Monthly Investment?

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 04, 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

Asked by Anonymous - Sep 04, 2024Hindi

Money

Hi, Please suggest me best plan to achieve 1cr in next 5 years if I have the potential to invest upto 1lakh a month

Ans: Investing Rs. 1 lakh monthly for 5 years is a substantial commitment. While your goal is to achieve Rs. 1 crore, it's important to set realistic expectations. A well-diversified portfolio in a moderate-risk category might grow to around Rs. 80-85 lakhs over this period. The stock market is unpredictable, and returns depend on market conditions.

Why Rs. 1 Crore May Be Difficult to Achieve
To achieve Rs. 1 crore, your investments would need to grow at a rate that's higher than typical for moderate-risk investments. Aiming for such a high return might push you into higher-risk investments. However, these come with greater volatility and the risk of lower returns. It's essential to balance your risk tolerance with your financial goals.

Recommended Investment Strategy
Diversified Portfolio Approach
Invest in a mix of equity and debt mutual funds. This strategy balances growth potential with stability.

Equity Mutual Funds: Allocate around 60-70% of your investment here. Focus on funds with a strong track record and potential for growth.

Debt Mutual Funds: Allocate the remaining 30-40%. These funds offer stability and protect your portfolio from market volatility.

Avoiding Index Funds
Given your goal, avoid index funds. They typically track the market and may not provide the high returns needed to reach Rs. 1 crore. Actively managed funds, though more expensive, offer the potential for higher returns as they aim to outperform the market.

Direct vs. Regular Funds
If you’re considering direct funds, keep in mind their disadvantages. Direct funds have lower costs, but they require constant monitoring and active management on your part. Regular funds, managed through a Certified Financial Planner, offer the benefit of expert guidance, which is crucial for reaching your goals.

Monthly Monitoring and Adjustments
Review your portfolio regularly, ideally every quarter. Make adjustments based on market conditions and fund performance. This proactive approach ensures your investments are aligned with your goal.

Contingency Plan
Consider keeping some funds liquid for emergencies. A small portion in safer instruments like liquid funds or fixed deposits can act as a cushion in volatile markets.

Tax Efficiency
Invest in tax-efficient instruments to maximize returns. Consider the tax implications of your investments and plan withdrawals in a way that minimizes your tax liability.

Final Insights
Reaching Rs. 1 crore in 5 years with a Rs. 1 lakh monthly investment is challenging. With a well-structured, diversified portfolio and regular monitoring, you can aim to get close to your target. Focus on realistic returns and make informed adjustments along the way.

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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Question by Virender - Jul 01, 2023Hindi

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Where to invest and how much to invest, To get 1cr in 7year

Ans: Getting 1cr in 7 years assuming 12% CAGR will require you to either do an SIP of 78K a month or 45 lakhs as lumpsum. I suggest you should simply start an SIP & continue to invest for the next 7 years to reach your goal. If you are thinking of doing a lumpsum, invest in debt funds first & then do a weekly STP over the next 6 months into equity funds. Stick to MF's over trying to select direct stocks

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Mutual Funds, Financial Planning Expert - Answered on May 31, 2024

Asked by Anonymous - May 31, 2024Hindi

Money

1cr is sufficient with zero liability fr sr.citizens, to invest 1,cr,can u suggest methodology fr 5yrs plan with quarterly interest.

Ans: Investing Rs 1 crore as a senior citizen with zero liabilities is a commendable position. Your focus on a five-year plan with quarterly interest payouts reflects a need for both stability and income. Let's explore a structured approach to achieve your financial goals.

Assessing Financial Goals and Risk Tolerance
Firstly, it's essential to assess your financial goals and risk tolerance. As a senior citizen, your primary goal is likely to preserve capital while generating regular income. Given the zero liabilities, you have the flexibility to explore various investment options.

Emphasizing Safety and Income
Safety of capital is paramount for senior citizens. Hence, we will focus on investments that offer capital protection along with periodic income.

Suggested Methodology for Investing Rs 1 Crore
1. Systematic Withdrawal Plan (SWP)
A Systematic Withdrawal Plan (SWP) can be an effective strategy. It allows you to withdraw a fixed amount regularly from your investment. This provides a predictable cash flow, suitable for meeting regular expenses.

Flexibility in Withdrawals: You can customize the withdrawal amount and frequency as per your needs.

Tax Efficiency: SWP is more tax-efficient compared to lump-sum withdrawals, especially for long-term investments.

2. Debt Funds
Debt funds are suitable for generating regular income with lower risk. They invest in fixed-income securities like bonds and treasury bills.

Stability and Safety: Debt funds are less volatile than equity funds, providing stability.

Quarterly Payout Options: Many debt funds offer the option for regular payouts, aligning with your need for quarterly interest.

3. Hybrid Funds
Hybrid funds invest in both equity and debt instruments, balancing risk and return.

Diversification: They offer diversification, reducing overall portfolio risk.

Regular Income: These funds can be structured to provide regular income, suitable for your quarterly interest requirement.

4. Fixed Deposits with Banks and NBFCs
Fixed deposits (FDs) are a traditional investment option, known for their safety and fixed returns.

Guaranteed Returns: FDs offer guaranteed returns over a fixed tenure.

Quarterly Interest Payouts: Many banks and NBFCs provide the option of quarterly interest payouts, ensuring a steady cash flow.

5. Senior Citizen Savings Scheme (SCSS)
SCSS is a government-backed scheme specifically designed for senior citizens.

High Safety and Returns: SCSS offers attractive interest rates with government backing.

Quarterly Interest Payments: This scheme provides quarterly interest payments, perfectly aligning with your needs.

Implementing the Investment Plan
Step 1: Allocate Funds Across Different Instruments
Diversify your Rs 1 crore across the suggested instruments to balance risk and return.

Debt Funds: Allocate a portion of your investment to debt funds for stability and regular income.

Hybrid Funds: Invest in hybrid funds for a mix of growth and stability.

Fixed Deposits: Place a part of your corpus in fixed deposits for guaranteed returns.

Senior Citizen Savings Scheme: Utilize SCSS for a portion of your investment for high safety and quarterly payouts.

Step 2: Set Up a Systematic Withdrawal Plan (SWP)
Choose Suitable Funds: Select funds that offer SWP options, ideally those providing stability and regular income.

Customize Withdrawals: Decide the withdrawal amount and frequency based on your monthly or quarterly expenses.

Step 3: Monitor and Rebalance the Portfolio
Regular monitoring and rebalancing of your portfolio are crucial.

Review Performance: Periodically review the performance of your investments.

Rebalance as Needed: Rebalance your portfolio to maintain the desired asset allocation and risk levels.

Learning and Understanding Investments
Gaining knowledge about mutual fund investments can help you make informed decisions.

Online Resources and Courses
Many online platforms offer courses on mutual fund investments, covering basic to advanced topics.

Free and Paid Courses: Explore free and paid courses to enhance your understanding.

Interactive Webinars: Participate in webinars conducted by financial experts.

Books and Publications
Reading books and financial publications can provide in-depth knowledge.

Personal Finance Books: Look for books by Indian authors that focus on personal finance and investments.

Financial Magazines: Subscribe to financial magazines for the latest market insights.

Consulting a Certified Financial Planner
A Certified Financial Planner (CFP) can provide personalized advice based on your financial goals.

Tailored Recommendations: CFPs offer tailored recommendations to suit your needs.

Comprehensive Planning: They help in creating a holistic financial plan, considering all aspects of your finances.

Understanding the Disadvantages of Index Funds
While index funds have their benefits, they might not be ideal for everyone.

Limited Flexibility: Index funds passively track an index, offering limited flexibility in managing the portfolio.

Market Dependency: Their performance is directly tied to the market. They can't adjust to mitigate losses during downturns.

Lack of Professional Management: Unlike actively managed funds, index funds do not have fund managers making strategic decisions.

Benefits of Actively Managed Funds
Actively managed funds offer several advantages over index funds.

Professional Expertise: Fund managers actively manage the portfolio, aiming to maximize returns.

Potential for Higher Returns: Actively managed funds have the potential to outperform the market.

Strategic Management: Fund managers can make strategic adjustments based on market conditions.

Disadvantages of Direct Funds
Direct funds might seem attractive due to lower expense ratios but have drawbacks.

Lack of Guidance: Direct investors miss out on professional advice, which is crucial for making informed decisions.

Time-Consuming: Managing investments independently requires time and effort.

Benefits of Regular Funds via CFP
Investing through a Certified Financial Planner offers significant benefits.

Expert Advice: CFPs provide expert advice tailored to your financial goals.

Holistic Planning: They help in creating a comprehensive financial plan.

Ongoing Monitoring: CFPs monitor your portfolio regularly and make necessary adjustments.

Conclusion
Investing Rs 1 crore for a five-year plan with quarterly interest payouts can be effectively managed with a diversified approach. By combining debt funds, hybrid funds, fixed deposits, and SCSS, you can achieve a balance of safety, income, and growth. Utilizing a Systematic Withdrawal Plan (SWP) ensures regular cash flow. Continuous learning and consulting a Certified Financial Planner can further enhance your investment strategy.

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 14, 2024

Asked by Anonymous - Oct 13, 2024Hindi

Money

I have 0 bank emi with class 3 studying son. Take home 1.5l How could i make 1cr in next 5 years?

Ans: You want to accumulate Rs 1 crore in the next 5 years. With a take-home salary of Rs 1.5 lakh and no bank EMIs, your current financial situation is conducive to aggressive investing. However, achieving this goal within 5 years requires a well-structured plan with calculated risks and disciplined savings.

The right mix of investments will be necessary. You may need to allocate funds in different asset classes like mutual funds, fixed deposits, and gold to ensure both growth and stability. Let's discuss how you can achieve this goal with an appropriate approach.

Importance of Regular Savings and Investment Discipline
To accumulate Rs 1 crore in 5 years, you need to save and invest systematically. Start by calculating how much of your monthly income can be allocated towards your goal. Given that you take home Rs 1.5 lakh, ideally, you should be saving a significant portion of this.

Aim to save at least 30%–40% of your monthly income, which comes to about Rs 45,000 to Rs 60,000.

Create a separate corpus for your son’s education, and keep it aside for long-term investments. You can allocate the rest towards your Rs 1 crore goal.

With consistent investments in the right instruments, your savings will multiply over time through compounding.

Focusing on the Right Investment Strategy
To reach Rs 1 crore in 5 years, your focus should be on growth-oriented investments. Fixed deposits and traditional savings won't give you the required returns. Instead, a diversified portfolio with a strong emphasis on equity mutual funds and some exposure to fixed-income assets would be ideal. Below is how you can plan it:

1. Equity Mutual Funds
Equity mutual funds have the potential to deliver high returns over time. Given your time frame of 5 years, you should focus on growth and value-oriented funds that can deliver returns in the range of 10% to 15% annually. Investing in flexicap, midcap, and large-cap funds will offer both growth and risk management.

Allocate at least 60% to 70% of your monthly savings to equity mutual funds. These funds will help grow your wealth faster than debt-oriented instruments.

Actively managed funds are recommended because they aim to beat the market and take advantage of market opportunities.

2. Debt Mutual Funds
While equity provides higher returns, it also comes with risk. Debt mutual funds offer stability and moderate returns, and they help protect your investments during market volatility.

Allocate 15% to 20% of your savings to debt mutual funds for lower-risk investments.

Opt for short-duration or dynamic bond funds, which align with your 5-year horizon. These funds will provide better liquidity and steady returns.

3. Hybrid Mutual Funds
Hybrid funds, also known as balanced funds, offer a combination of equity and debt in a single portfolio. They provide better risk management while still offering good returns.

Allocate 10% to 15% of your savings in hybrid funds. This will diversify your portfolio while maintaining a growth component.
4. Sovereign Gold Bonds (SGBs)
Sovereign Gold Bonds offer an additional layer of safety and diversification to your portfolio. They provide an interest income along with potential price appreciation in gold.

You can invest around 5% to 10% of your savings in SGBs to add a hedge against inflation and market volatility.
5. Emergency Fund
It’s important to maintain an emergency fund equal to 6–12 months of your monthly expenses. This ensures that you won’t need to touch your investments in case of an emergency.

Keep this fund in liquid investments, such as a bank fixed deposit or liquid mutual fund.
Systematic Investment Plan (SIP) for Consistency
Systematic Investment Plans (SIP) help you invest a fixed amount regularly in mutual funds. This method promotes disciplined investing and takes advantage of rupee-cost averaging, which helps mitigate market risks over time.

Set up SIPs in the equity, debt, and hybrid mutual funds you choose. Ensure the combined SIP amounts reflect your monthly savings target (e.g., Rs 60,000 monthly).

Over time, the SIP approach will help you stay consistent and work towards your Rs 1 crore goal without timing the market.

Regularly Reviewing and Rebalancing the Portfolio
Once you have started your investments, regular reviews are essential. The market can change, and so can the performance of your chosen funds.

Review the performance of your portfolio every 6 months or annually to ensure that it’s aligned with your goal.

Rebalance your portfolio to maintain the right asset allocation. For instance, if your equity allocation has grown significantly, consider reallocating some funds to debt for safety.

Focus on Tax-Efficient Investing
When investing for long-term goals, understanding taxation is important. Here’s a quick look at the tax rules applicable to mutual funds:

For equity mutual funds, long-term capital gains (LTCG) exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%. Short-term capital gains (STCG) are taxed at 20%.

For debt mutual funds, both LTCG and STCG are taxed as per your income tax slab.

Opt for tax-efficient funds, such as equity-linked savings schemes (ELSS), which offer tax benefits under Section 80C of the Income Tax Act, up to Rs 1.5 lakh per annum.

Avoid Common Mistakes
Many investors make mistakes that can impact their financial goals. Here are a few to avoid:

Avoid Direct Funds: While direct mutual fund plans have lower expense ratios, they require constant monitoring and expertise. It’s better to invest through a Certified Financial Planner (CFP) who can guide you and help select the right funds.

Avoid Frequent Switching of Funds: Constantly switching between funds based on short-term performance can be harmful. Stick to a well-thought-out plan and allow your investments to grow.

Don’t Rely on Index Funds: Actively managed mutual funds are better suited for your goal. They aim to outperform the market and generate higher returns than index funds, which only track the market's performance.

Managing Risk and Staying Patient
Investing always comes with some degree of risk, especially in equity funds. However, the key to wealth accumulation is managing that risk by:

Diversifying across assets: Having a mix of equity, debt, and gold will balance your portfolio and lower risk.

Staying patient: Equity investments can be volatile, but long-term investors benefit from staying the course and allowing compounding to work.

Plan for Your Son’s Future
Your son is currently in class 3, and as he grows, his education expenses will increase. It’s wise to plan a separate education fund, possibly through SIPs in a child education fund or a balanced fund, so that you’re not caught off guard when significant expenses arise.

Set aside a portion of your monthly income specifically for his education.
Finally
Accumulating Rs 1 crore in 5 years requires careful planning, disciplined savings, and the right mix of investments. By focusing on growth-oriented equity mutual funds, balancing with debt instruments, and following a consistent investment strategy, you will be able to meet your financial goal. Remember, patience and regular monitoring are key.

It’s also important to plan for your child’s education and build an emergency fund to protect against any unforeseen events. With a holistic approach, you will be able to secure both your short-term and long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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

Milind Vadjikar |785 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 21, 2024

Asked by Anonymous - Oct 19, 2024Hindi

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I am 33 investing 30K in MF 20K in PPF 10K in NPS 10K in VPF 10K in stocks all investment are monthly, by when I will be able to achieve 1Cr.

Ans: Hello;

With this judicious blend of monthly investments you may reach 1 Cr cumulative corpus in 7 to 8 years time frame.

You can't invest in PPF more then 1.5 L pa (12.5 K per month) cumulatively in all accounts under your name.

But if the additional 7.5 K per month is towards PPF account of your spouse or any other adult member in your family then it's okay.

Happy Investing!!

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

Asked by Anonymous - Nov 19, 2024Hindi

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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).
• Alder Hey International Fellowship Scheme (Anaesthetics)
• Betsi Cadwaladr University Health Board - BCUHB IMG Sponsorship Scheme
• 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
• East London NHS Foundation Trust (ELFT) – ELFT Advanced International Fellowship in Psychiatry
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• ENT UK – Royal College of Surgeons
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• Frimley Health NHS Foundation Trust – International Fellowship in Regional Anaesthesia combined with MSc in Principles of Regional Anaesthesia at the University of East Anglia
• Great Ormond Street Hospital International Fellowship Programme
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Critical Care
• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Obstetrics and Gynaecology
• 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)
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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
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• Royal College of Anaesthetists – MTI Scheme
• Royal College of Emergency Medicine
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• 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
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• 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.

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

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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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