Super Senior Citizen Seeking Advice on Transferring Demat Shares to Children

Ans: When filling out the application form, remember to be alert, careful, and confident. You're applying for your future, so there's no need to panic.

Additionally, there is no issue with the records; they pertain specifically to Kavya M.S. and not Kavya MS, so you can proceed.

Another important piece of advice: DOWNLOAD the UMANG app and retrieve all your mark sheets and certificates. This will be helpful in case any issues arise, so DONT DELAY!

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POOCHO. LIFE CHANGE KARO.

Ans: Hello Anushka.
Yes, you are eligible to apply for NFSE without giving the entrance test. It's advisable to check the official NFSU admission portal or contact the university directly for detailed information
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Radheshyam

Ans: You are asking a very important question. Appreciate your curiosity.

Let’s go step by step.

What is SIP?
SIP means Systematic Investment Plan.

It is a way to invest small amounts every month in a mutual fund.

You can start with as low as Rs.500 per month.

The money gets auto-debited from your bank account.

It helps you build wealth slowly and steadily over time.

Can I Start SIP at Age 55?
Yes, absolutely. You can start SIP even at 55.

There is no age limit to start a SIP.

Many people start SIPs even in their 60s.

What matters more is your investment goal and time horizon.

What Are The Benefits of SIP?
Helps in building corpus gradually.

Gives benefit of rupee cost averaging.

You don’t need to time the market.

Helps in financial discipline.

Can be linked to your retirement goal.

Is SIP Risky?
It depends on where you invest the SIP.

If it’s equity mutual funds, there will be market ups and downs.

But if held for long, they can give better returns than FD or gold.

Debt mutual fund SIPs are more stable but give lower returns.

How Long Should I Stay Invested?
Try to stay invested for at least 5 to 10 years.

Even at age 55, you can stay invested till age 65 or 70.

Retirement doesn't mean stopping SIPs. You can continue post-retirement too, if income allows.

Where Should I Start SIP?
Since you asked, let me also highlight something important.

If someone told you to invest in direct mutual funds, here’s what you need to know:

Why Regular Mutual Funds are Better than Direct Funds for You?
Direct plans look cheaper, but they don’t give personal guidance.

At age 55, wrong fund choice can cost you years of savings.

Regular mutual funds bought through a Certified Financial Planner (CFP) offer ongoing review, advice, and goal-based support.

CFPs help you align investments with your needs—like retirement, health, or your son’s wedding.

The small fee involved in regular funds is worth the peace of mind and expert care.

Should You Do Equity or Debt SIP?
This depends on your needs.

If you have more than 7 years, then equity mutual funds are better.

If you need money in 3 to 5 years, then hybrid or debt funds are better.

Do not put all money in one category. Balance it.

SIP is Not a Product – It is a Mode
This is often misunderstood.

SIP is not a fund or product.

It is a way to invest in a fund in small regular steps.

You can do SIP in equity fund, debt fund, or hybrid fund.

Can I Stop SIP Anytime?
Yes. You can pause or stop SIP anytime.

You are not locked in (except for tax-saving SIPs).

Flexibility is a major advantage of SIPs.

Should You Start SIP at 55?
Yes, and here’s why:

You still have more than 25 years of life ahead.

Life expectancy is increasing. You need money even after retirement.

SIP gives you an edge to build that retirement income.

Don't wait for perfect time. Start small, and scale up later.

How to Start?
First, consult a Certified Financial Planner (CFP).

They will assess your goals, risks, and duration.

Then they will recommend right mutual funds and SIP amount.

Make sure the SIP aligns with your retirement income needs.

What Mistakes to Avoid?
Don’t go only by past performance.

Don’t do SIP in random funds or based on friends’ advice.

Avoid direct funds unless you can manage everything yourself.

Don’t withdraw early unless necessary.

What If You Need Monthly Income Later?
After few years, SIP can be turned into SWP (Systematic Withdrawal Plan).

SIP builds the wealth, SWP gives you monthly income post-retirement.

This helps create regular cash flow, like pension.

Final Insights
SIP is simple, flexible and useful at any age.

55 is not too late. It is a perfect time to start.

Retirement may come soon. Start preparing today with small, consistent steps.

SIP is not magic. It needs patience, time, and guidance.

Let your money work even when you rest.

Take professional support from a Certified Financial Planner. That ensures peace of mind.

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

Ans: First let me know what you want to be. If you wants to be a school teacher then no short term course is required.

Ans: No

Ans: I won't recommend any coaching institute, because being a counsellor I can't recommend any particular class. But I would suggest not to send her to KOTA, local class will be more than enough. Already she scored 80 percentile. With one year drop even she tries hard without any coaching class she will easily score 90+ percentile. Best of luck. Professor

Ans: Regarding SRM I won't comment, but if you are not confident then take a drop and prepare for JEE Mains. Best of luck. Professor

Ans: Just apply for any branch in very low ranked NITs and IIITs.

Ans: IIIT-H, for DASA admissions, considers only the 12th-class board exam marks, not dual marksheets from two different boards. If a candidate qualifies for admission through both the BOARDS channel and the UGEE channel, they will be interviewed by the UGEE panel and considered for all listed programs.
For DASA admissions, IIIT-H requires SAT scores to be mandatory. Applicants should have a minimum SAT score of 1070 (out of 1600). Super scores in SAT are accepted, meaning the highest score from each section will be considered. All test scores must be reported directly to IIIT-H by the College Board. Additionally, applicants must have completed their Senior Secondary (10+2) or equivalent with Mathematics, Physics, and one of the following: Chemistry, Bio-technology, Computer Science, or Biology, with at least 75% marks (or a CGPA of 7.5 out of 10).