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Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Apr 02, 2024

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
Asked by Anonymous - Mar 24, 2024Hindi
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I have taken early retirement due to my health issues. I have 2 kids one in 12th and second 9 th Class . I keep aside 50 L for my kids education , 25 L PPF , 14 L mutual fund, 10 L bond , 5 L FD . My PPF will mature 2026 and Bonds will mature 2024. I have 70 L EPF and i will have approx 50 L selling of property . I have my own house of 1.5 Cr . With these money can i get 1 L per month , but i do not want to touch kids education money . Your suggestion will help me to see my finaances. My wife has decent job she eran 50 K per month and we have health insyrance and term insurance.

Ans: Based on an analysis of your finances, it appears that you have sufficient assets to cover your monthly requirement of Rs 1 lakh.

However, your allocation in equity-oriented investments is minimal. We recommend allocating funds equivalent to three years of expenses into debt-oriented schemes, while the remainder should be invested in equity and/or hybrid combination for potential capital appreciation.

We advise consulting a financial advisor for personalized guidance tailored to your goals, risk tolerance, and time horizon. He/She can assist in setting up tax-efficient systematic withdrawal plans (SWPs) to meet monthly needs while allowing your investments to grow.
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  |8911 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Asked by Anonymous - Feb 20, 2024Hindi
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Hello Sir, I am 46 Y Old , and I lost my Job . I have 2 kids . One require money from 2024-2028 ( 6L per annum) other kid require money from 2028-2032. I saved and keep aside 60 L for their education . I have today 71 L of EPF . My wife earn 50 K per month which is sufficent for us to run the home and some money put in health insurance and term insurance. I will reinvest any interest earn from these two invest ments ( 60 L and 71 L). 60 L Break Up is 14.5 L Mumtual fund , 25L PPF maturing in 2026, 10 L Government Bond maturing in 2024 3.4 L NSC maturing in 2032, 2.3L gold bond, 2 L Shares, 4 L FD. Please let me know can I have retirement life with 70 K from interests earning if i do not get job.
Ans: It's understandable that you're concerned about your financial security after losing your job, especially with two children's education expenses to consider. Let's assess your current financial situation and retirement prospects:

Education Fund:

With 60 lakhs set aside for your children's education, you have a significant portion of their expenses covered. Ensure that these funds are invested appropriately to generate returns that align with the time horizon of their education needs.
EPF and Other Investments:

Your EPF corpus of 71 lakhs, along with your other investments in mutual funds, PPF, government bonds, NSC, gold bonds, shares, and FDs, forms a substantial part of your financial assets.
Review the performance and asset allocation of these investments to ensure they are diversified and positioned to provide growth and stability over the long term.
Retirement Planning:

With a monthly interest income target of 70,000 rupees, you'll need to calculate the rate of return required on your investments to achieve this goal. Given the current interest rate environment, it may be challenging to generate such high returns without taking on significant risk.
Consider consulting with a financial advisor to assess your risk tolerance, investment options, and retirement goals. They can help you develop a personalized retirement plan that balances risk and return effectively.
Contingency Planning:

While your wife's income covers household expenses, it's essential to have a contingency plan in case of unexpected expenses or emergencies. Maintain an emergency fund equivalent to 6-12 months' worth of living expenses to provide financial stability during challenging times.
Reassessing Retirement Income:

Depending solely on interest income from your investments for retirement may not be sufficient, especially considering inflation and rising living costs. Explore additional income streams or part-time work opportunities to supplement your retirement income.
In conclusion, while your current investments provide a solid foundation, achieving your retirement income target solely through interest earnings may require a review of your investment strategy and retirement goals. Consider seeking professional financial advice to optimize your portfolio and plan for a secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8911 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Asked by Anonymous - Mar 24, 2024Hindi
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Money
Hello Vivek , I have taken early retirement due to my health issues. I have 2 kids one in 12th and second 9 th Class . I keep aside 50 L for my kids education , 25 L PPF , 14 L mutual fund, 10 L bond , 5 L FD . My PPF will mature 2026 and Bonds will mature 2024. I have 70 L EPF and i will have approx 50 L selling of property . I have my own house of 1.5 Cr . With these money can i get 1 L per month , but i do not want to touch kids education money . Your suggestion will help me to see my finaances. My wife has decent job she eran 50 K per month and we have health insyrance and term insurance.
Ans: Firstly, I'm sorry to hear about your health issues but commend you for taking proactive steps towards financial planning, especially for your children's education and your future needs.

With your current savings and investments, there's a possibility to generate a monthly income of 1 Lakh, but it requires careful planning:

EPF and Property Sale: Your EPF corpus of 70 Lakh and the expected 50 Lakh from property sale can be significant contributors. Consider options like Senior Citizen Savings Scheme (SCSS), Post Office Monthly Income Scheme (POMIS), or even annuity plans to generate regular income without depleting the principal.
Mutual Funds & Bonds: Continue to let your Mutual Funds grow for future needs. Bonds maturing in 2024 can also be reinvested in income-generating avenues.
PPF: Once it matures in 2026, you can either reinvest or use a portion for your monthly income needs.
House: If possible, you could explore options like reverse mortgage or renting out a portion for additional income, without selling the property.
Expense Management: Since you have set aside money specifically for your children's education, avoid using it for your monthly income. Focus on optimizing other assets to generate the required 1 Lakh/month.
Health and Insurance: It's great that you have health and term insurance. Ensure they are adequate to cover unforeseen medical expenses and provide financial security to your family.
Remember, the goal is to strike a balance between generating sufficient income and preserving capital. Consulting a Certified Financial Planner can provide a tailored plan considering your unique circumstances, helping you navigate this phase with confidence.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |8911 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 13, 2025

Asked by Anonymous - Jun 13, 2025
Money
I'm 30 years old unmarried. I have 5L FD, 4L in savings, 25k Rd every month, 11k MF(w/step-up of 500 semi-annually), 20K quaterly in PPF 27k home loan emi, 10K saving additionally for collecting 6 months worth emi, 1.7L is monthly income. My home loan(joint) emi will go for 4 more years from now, after that siblings will take that. I want to have financial freedom as soon as possible but also build some assets of my own and travel. Please suggest a plan.
Ans: You are 30, unmarried, and already doing well. You are saving and investing thoughtfully. That is excellent. Let us build a 360?degree strategy covering wealth creation, financial freedom, travel, and goals of your own.

Current Snapshot
You are 30 and unmarried.

You have Rs.?5?lakh in FD and Rs.?4?lakh in savings.

You invest Rs.?25?k monthly in RD.

You run a mutual fund SIP of Rs.?11?k monthly with semi?annual Rs.?500 step?ups.

You invest Rs.?20?k quarterly (about Rs.?6.6?k monthly) in PPF.

Your joint home loan EMI is Rs.?27?k per month and ends in 4 years.

You save an extra Rs.?10?k monthly to build a 6?month EMI buffer.

Your total monthly income is Rs.?1.7?lakh.

You already display strong financial habits. Now let’s refine the plan for financial freedom, assets, and travel.

Emergency Fund & Liquidity
You have over 6 months’ expenses already covered.
Keep this buffer in a liquid mutual fund or sweep-in FD.
Convert some savings to liquid investment for slightly higher yield.
Maintain this fund to avoid disrupting long-term investments in a crisis.

Optimise Low-Yield Investments
Your RD yields low returns. Shift it gradually to growth-oriented but stable alternatives.
Consider debt or hybrid mutual funds that provide better returns with liquidity.
Phase out RD once your liquid fund is comfortable and step into better-performing assets.

Debt and Home Loan Strategy
Your home loan EMI of Rs.?27?k ends in 4 years.
Continue saving Rs.?10?k monthly towards an EMI buffer.
Once EMI ends, redirect EMI and buffer savings into your SIPs and goals.
If a lump sum or bonus comes, consider part-prepayment to lower interest and tenure.

PPF Contribution
Your quarterly contributions to PPF offer tax-free, safe returns.
Continue regular investments up to Rs.?1 lakh per financial year.
Keep PPF as your conservative investment pillar alongside equity SIPs.

Mutual Fund SIP Strategy
You currently invest Rs.?11?k monthly with step-ups.
Target increasing SIP to Rs.?25?k monthly over time.
Build a diversified allocation across fund categories: large-cap, flexi-cap, mid-cap, small-cap, ELSS, and balanced-advantage.
Maintain a mix that balances risk and growth appropriate for your age.

Why Avoid Direct and Index Funds
Direct funds lack guidance and portfolio review.
You might exit wrongly during market volatility.
Index funds follow index blindly and cannot protect against downturns.
Actively managed funds make strategic stock decisions and offer downside protection.
Opt for regular plans through CFP?affiliated MFDs for support.

Insurance Cover
Unmarried at 30, you still need personal cover:
Health insurance with a minimum Rs.?5–10 lakh sum insured is recommended.
If any debt continues after EMI ends, consider term life insurance of at least Rs.?1 crore to cover financial liabilities.
Avoid mixing insurance with investment through ULIP or traditional plans.

Goal-Based Investing: Travel & Asset Building
You want travel and building assets.
Allocate Rs.?5?k monthly to a travel fund in a 2–3 year time horizon via hybrid or short-term debt funds.
For personal assets (car, skills, etc.), allocate another Rs.?5?k to mid-term equity or hybrid funds with a 5–7 year horizon.
Use goal-based mapping to maintain your focus and avoid detours.

Passive Income and Financial Freedom
After EMI ends, the redirected Rs.?37?k monthly can power your passive income goals.
Continue SIPs to build across balanced and equity funds.
Over time, the portfolio can be adjusted toward hybrid or debt for regular income once it reaches sufficient size.
Consider skill-based side income streams aligned with your interests to boost freedom.

Review and Rebalance
Perform a disciplined review of your portfolio every 6 to 12 months with your CFP and MFD.
Assess fund performance, risk levels, and alignment with your goals.
Rebalance asset allocation to maintain your original risk profile.
Avoid frequent switching based on short-term trends—focus on long-term wealth creation.

Scaling Up SIPs Post-EMI
To build momentum:

Year 1: Gradually increase monthly SIP to Rs.?15–18?k

Year 2–3: Scale further to Rs.?25?k as disposable income grows and EMI stops

This step-up system adapts to your changing cash flow without burdening your budget.

Final Insights
Your financial discipline is commendable; keep it up

Strengthen emergency and liquid cushions first

Shift low-yield RD to growth-oriented funds

Maintain PPF for stability

Build diversified SIP portfolio through expert guidance

Avoid direct or index funds

Secure health cover and term insurance if debt remains

Plan for travel and assets with targeted funds

Aim to create passive income through SIPs and skills

Monitor and rebalance annually, not frequently

Your journey to financial freedom is well underway. With structure and consistency, you can achieve independence, travel goals, and build meaningful assets.

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

...Read more

Nayagam P

Nayagam P P  |6238 Answers  |Ask -

Career Counsellor - Answered on Jun 13, 2025

Career
I have gotten a seat at VIT Vellore in IT branch in cat 5. I also have a seat at NMIMS mumbai in CSE Data science. My COMEDK rank is 8348 which means I can get CSE in Dayanad sagar and Jss college in Bangalore and electrical in BMS college of engineering and in Ramaiah Institute of Technology, which choice is advisable
Ans: With COMEDK rank 8348, you have excellent prospects across multiple prestigious engineering institutions offering distinctly different career trajectories and placement outcomes. VIT Vellore IT demonstrates moderate placement performance with over 50% campus placements, highest package of 60 LPA, and average CTC around 12 LPA, supported by top recruiters including Bank of America and TCS Digital. The Category 5 fee structure amounts to approximately ?5 lakhs annually. NMIMS Mumbai CSE Data Science shows varied placement statistics with BTech achieving 62.4% placement rate in 2024, median package of ?7.70 LPA, though specific CSE Data Science branch statistics remain limited. COMEDK options present superior alternatives with your rank 8348 securing admission to Dayananda Sagar College Engineering CSE (cutoff 5873 in 2024) achieving 67.86% placement rate with 249 companies visiting, JSS Academy Bangalore CSE (cutoff range 11017-40173) demonstrating 73.2% placement rate with median package ?6.5 LPA, BMS College Engineering Electrical (cutoff 9150) maintaining 62% overall placement rate with median package ?9 LPA, and Ramaiah Institute Technology Electrical (cutoff 36441) showing 75% placement rate with median package ?8 LPA. Recommendation: Choose Dayananda Sagar College Engineering CSE for superior placement consistency, strong industry connections, optimal COMEDK rank utilization, and excellent career prospects in core computer science domain over other alternatives. All the BEST for the Admission & a Prosperous Future!

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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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