Well,I am a pensioner & getting pension regularly.I invested money in mutual funds.During this financial year ie 2023-24 I have withdrawn some money from mutual funds and given to my two sons as GIFT. What is the income tax liability on me and my sons. we all 3 are regular income tax payee with out any fault.Please reply.

Ans: Dear Anonymous,

I can assure you that all the apps that you mentioned using are not at fault. Every dating and matrimony app tries its best to maintain a safe and clean platform eliminating scammers and fake profiles. Some still make it through. I am glad you were on to them before it was too late. Having said that, I can not really help you with the names of matrimonial apps from the USA. But I can tell you how to secure the right match and stay clear of fake profiles.

You can write a clear bio where you mention what you want- the type of partner, type of relationship, and more; you can also clearly mention that you are looking to get married and are serious about it, so anyone looking for a casual relationship please do not contact.

Next, once you secure a match, you can check if it's a fake profile. Do a reverse image search of their profile picture and see if they have stolen someone else's image from the web. You can check for their social media presence. Almost everyone in today's date has an active social media presence. You can also check for genuineness while chatting-
• Request for a video call. If they refuse once, it's almost normal. But if they continually keep rejecting your request, it might be a fake profile.
• Try bringing up a topic you discussed the day before. Fake users scam many people at a time. It is possible that they won't be able to recall.
• You can request to speak to their parents. Since you are matching for marriage, involving the parents is quite normal. If the user seems hesitant, they might be fake or might not be serious.

Try these methods and if anything seems amiss, unmatch and move on. A match is not a commitment. You don't have to waste time verifying a match's authenticity for too long.

Hope this helps.

Ans: Ashok,

Thank you for sharing your investment details. It's impressive to see your commitment to building your portfolio. Let's review your current situation and explore the possibility of reaching Rs 1 crore in two years.

Current Portfolio Review
Your current mutual fund investments are diversified across different fund categories:

HDFC Midcap Opportunity Fund: This fund focuses on midcap stocks, offering potential for high growth but with higher risk.

Nippon India Small Cap Fund: Investing in small-cap stocks, this fund aims for significant growth, albeit with increased volatility.

ICICI Pru Large & Midcap Fund: This fund balances investments between large and midcap stocks, providing moderate risk and growth.

ICICI Pru Value Discovery Fund: Focuses on undervalued stocks, offering potential for long-term capital appreciation.

Nippon Large Cap Fund: Invests in large-cap stocks, providing stability and steady growth.

Aditya Birla PSU Equity Fund: Focuses on Public Sector Undertakings (PSUs), adding a unique sectoral exposure to your portfolio.

Evaluating Your Investment Goal
To determine if you can reach Rs 1 crore in two years, let's consider the following factors:

Current Portfolio Value: Rs 25 lakh.

Time Horizon: 2 years.

Monthly Investments: Approx. Rs 1.8 lakh (Rs 25k + Rs 25k + Rs 35k + Rs 35k + Rs 35k + Rs 25k).

Achieving a fourfold increase in two years is highly ambitious. It requires exceptionally high returns, which are generally unrealistic and involve significant risk. However, let's explore some strategies to maximize your returns while managing risk.

Portfolio Adjustment Strategies
Diversification and Risk Management
While your portfolio is diversified, let's ensure it aligns with your risk tolerance and goals.

Reduce Small Cap Exposure: Small-cap funds are highly volatile. Consider reducing exposure to small-cap funds to lower risk.

Increase Large Cap Exposure: Large-cap funds offer more stability. Increasing your allocation to large-cap funds can balance your portfolio.

Include Debt Funds: Adding debt funds can provide stability and reduce overall portfolio risk.

Actively Managed Funds
Actively managed funds can potentially outperform the market, offering higher returns.

Professional Management: Fund managers make strategic decisions to maximize returns.

Market Adaptability: Active funds can adjust to market conditions, reducing risk during downturns.

Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP)
A combination of SIP and SWP can be beneficial.

SIP for Regular Investments: Continue your SIPs to take advantage of rupee cost averaging and disciplined investing.

SWP for Regular Income: If you need regular income, SWP can provide periodic withdrawals without disrupting your investment strategy.

Learning and Understanding Investments
Enhancing your investment knowledge is crucial for making informed decisions.

Online Courses and Webinars
Many platforms offer courses on mutual fund investments.

Comprehensive Learning: From basics to advanced strategies, these courses cover all aspects of mutual fund investing.

Interactive Sessions: Webinars by financial experts provide practical insights.

Books and Publications
Reading books on personal finance and investments can deepen your understanding.

Renowned Authors: Look for books by Indian authors who specialize in personal finance.

Financial Journals: Subscribing to financial journals keeps you updated on market trends and strategies.

Disadvantages of Index Funds and Direct Funds
Understanding the drawbacks of index funds and direct funds is important.

Index Funds
Limited Flexibility: Index funds passively track an index, limiting strategic management.

Market Dependency: Performance is tied to the market, offering no protection during downturns.

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

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

Benefits of Regular Funds via Certified Financial Planner (CFP)
Investing through a Certified Financial Planner has several advantages.

Expert Advice: CFPs provide personalized advice based on your financial goals.

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

Regular Monitoring: CFPs regularly review your portfolio, making necessary adjustments to stay aligned with your goals.

Conclusion
Reaching Rs 1 crore in two years is a challenging goal. However, with strategic adjustments and disciplined investing, you can maximize your returns. Diversify your portfolio, focus on actively managed funds, and consider consulting a Certified Financial Planner for personalized advice. Continuous learning and understanding of investments will further enhance your financial journey.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: if EIL is Enginners India then hold it strong, RattanIndia is a problem, exit it. exit from Aditya Birla also

Ans: Mr. Sam,

You have completed your BAMS and spent over 5.5 years to complete the same. But you do not want to be around patients which you have mentioned. Please have a second thought over this decision, as you would have put a lot of efforts to complete your BAMS and keeping in view your age-factor, it is ideal to land now into any job.

However, as you want to explore and pursue alternate career options (or) government jobs, here are the suggestions for you:

1) If you want to attempt Competitive Exams for Govt. Jobs, have a through research about above Govt. Job Opportunities, Competition Involved, Preparations Required (with self-study or to join any Coaching Centre), Age Limit, Your Interest for any Particular Govt. Job(s) & other Factors. If you are confident enough to prepare for the Competitive Exams, keeping in view these factors, you can ahead for the same.

2) Regarding ‘Career Transition’: Depends upon your Aptitude, Attitude, Interest, Personality Traits & Your Orientation Style. To know this, it is advisable to attempt any good ‘Psychometric Test’ to know the right career options for you and choose the most suitable one, based on the Report of Psychometric Test.

Hope I have clarified your doubts.

If you need any other clarifications or have questions for anyone, post your questions (in detail) to me and/or follow me here in RediffGURU for more useful information on ‘Careers / Education / Jobs’.

All The BEST for your Bright Future, Mr. Sam, from RediffGURU.

Nayagam PP
EduJob360
CERTIFIED Career Coach | Career Guru
https://www.linkedin.com/in/edujob360/

Ans: 1. Qualification: The first thing you should ensure before proceeding with the application is to meet the qualification requirements for making the application. An individual IA or a principal officer of a non-individual IA or a person associated with investment advice should have the following minimum qualification, at all times: (a) A professional qualification or post-graduate degree or post graduate diploma (which shall be of minimum two years in duration) in finance, accountancy, business management, commerce, economics, capital market, banking, insurance or actuarial science from a university or an institution recognized by the Central Government or any State Government or a recognised foreign university or institution or association; or (b) a professional qualification by completing a Post Graduate Program in the Securities Market (Investment Advisory) from NISM of a duration not less than one year; or (c) a professional qualification by obtaining a CFA Charter from the CFA Institute.

2. Experience: An individual IA or a Principal Officer of a non-individual IA must have an experience of at least five years in activities relating to advice in financial products or securities or fund or asset or portfolio management.
However, a person associated with Investment Advice must have an experience of at least two years in activities relating to advice in financial products or securities or fund or asset or portfolio management. 3. Certification: An individual IA or a principal officer of a non-individual IA or a person associated with investment advice should have a certificate on financial planning or fund or asset or portfolio or investment advisory services from: (a) NISM; or (b) any other organization or institution including Financial Planning Standards Board of India or any recognized stock exchange in India provided such certification is accredited by NISM. Note: A fresh NISM certification must be obtained before expiry of the validity of the certification to ensure the continuity in compliance with certification requirements. A fresh NISM certification shall not be obtained through a CPE Program. For Example: If you have an MBA degree in Finance (2 years course) with 5 years of experience as required and take NISM exam, you will fulfill the qualification and certification requirement. However, if you have an MBA degree in marketing (2 years course) with 5 years of experience as required, you will not fulfill the qualification and experience requirement. 4. Net worth The net worth requirement are as follows: In case of non-individual investment advisers– The net worth should not be less than INR 50 Lacs. In case of individual investment advisers– The net worth in form of net tangible assets should not be less than INR 5 Lacs. *Net worth means the aggregate value of paid up share capital plus free reserves (excluding reserves created out of revaluation) reduced by the aggregate value of accumulated losses, deferred expenditure not written off, including miscellaneous expenses not written off. The net worth certificate shall be obtained by a Chartered Accountant and shall be attached to the form while making an application with SEBI. 5. Adequate Infrastructure You should ensure to have an adequate infrastructure which shall include office space, office equipment, furniture and fixtures, communication facilities, research capacity, research software for undertaking investment advisory services. Application and Fee Structure Once you are sure that you meet the above criteria, you can proceed with making an application with SEBI for IA. However, before proceeding you are required to take in-principal approval from BASL. Login to the BASL portal- https://membership.bseasl.com/.

Once BASL sends you an approval email requesting you to proceed with filing of application with SEBI, you can start the process. For this, you will require to login to https://siportal.sebi.gov.in/intermediary/index.html and complete the initial application process only then you will be able to proceed with the application with SEBI. All the details mentioned in Form A are required to be provided along with all the necessary required documents as attachments. Note: In order to grant the registration certificate under the IA Regulations, SEBI might want the applicant to furnish further information or clarification on the submitted documents.
Upon SEBI being fully satisfied with your application, will intimate you to make the payment for BASL membership (the fee structure for BASL membership is mentioned in the article, link to which is provided above). SEBI on receiving internal approval from BASL on receipt of fees, will issue you the SEBI IA License. BASL on the other hand will issue you the certificate of membership.

Ans: I have gone through the details of your Efforts, Failures, Depression & Your family’s Economic condition.

Based on the above factors, here are the suggestions for you:

1) Till your age bars, try to attempt other comparatively easier (than UPSC) Competitive Exams for Government Jobs & prepare daily for 2-3 hours before & after you come back from work.

2) But AVOID attempting those Competitive Exams which you have already done a number of times and failed. Lack of change in preparation strategies / change in Govt. Policy are the reasons for your subsequent failures.

3) Keeping in view your family’s economic condition & your AGE now, it is suggested to DEFINITELY go for any work, related to your domain, to support your family.

4) Try to upgrade your skills by joining short-term courses with any Institute, related to your domain (or) any other domain you are passionate over. However, make sure that the Institute you join provides JOB GUARANTEE after you complete the Course. Or you can join any ONLINE Courses which are much in demand in job-market.

5) If time does not permit for you to prepare for Competitive Exams & if you feel you are highly demotivated for Govt. Exams, it is advisable for you to fully FOCUS on your Career, related to Civil Engineering & gain good experience.

Hope I have clarified your doubts.

If you need any other clarifications or have questions for anyone, post your questions (in detail) to me and/or follow me here in RediffGURU for more useful information on ‘Careers / Education / Jobs’.

All The BEST for your Bright Future from RediffGURU.

Nayagam PP
EduJob360
CERTIFIED Career Coach | Career Guru
https://www.linkedin.com/in/edujob360/

Ans: from 450 it went more than 1000 and then its trading around 950, its not a fall its a general profit booking. So for long term its an amazing company to hold.

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

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