Hello, Kanchan. I earlier wrote to you earlier (link: surl.li/ncpnu) regarding my vulnerabilities - my being jobless since more than a year, financial hardships & toxic atmosphere at home, specifically my wife from being nagging to being nasty, never caring about what I go through at times. I do acknowledge and appreciate that she does most of the stuff- cooking, going to work & teaching our kid. But so do I- I play my part as much as I can while dealing with energy issues & depression- but that doesn't mean I don't do anything- I do all kinds of non-economic auxilliary work at homefront which does not go appreciated or acknowledged. I help her carry on with her job like dropping/picking her at work, and at home I do help her with chores, taking care of outdoor work, groceries, listening & empathising how her day at work went, etc. There are many balls we are juggling & I know for sure that we should not be handling one too many as we can't do justice to any of them or at worst we may miss the priorities! But we are helpless since there is no help at hand. I contemplated speaking to her but firstly, I never get enough time to discuss in the issues in pragmatic manner (she loses patience and cool very soon & not a very good critic of herself- something she accuses me of as well), and secondly even if time permits, never get a calm, relaxed atmosphere that would ensure non-judgemental attitude to tackle things head on. Such times it is difficult even to help her- I even mentioned this repeatedly to her that she's becoming like a cactus- that anyone even trying to help her is bound to get hurt & that's the reason people would rather prefer to keep a distance from her. I have been concerned about her BP rising due to her overwhelming insecurity, but all she says such times is the only solution would be when I find a good job, something which I have a very limited control over, given 1) my age factor which hampers learning; 2) gaps in my employable skills & 3) inability to deal with emotions while trying to deal with too many things at a time. I know that retorting back would not serve the purpose hence try to cool/balance things off & try to act calmly with her. If I mention inability due to my mental state, she just gets furious thinking that I am making excuses and doesn't empathise with me at all, even though she herself went through similar phases in recent months, but only difference is that she got an opportunity due to her goodwill easily while I continue to languish, engaged in self-defeating emotions and thoughts. As a result, my efforts are half-hearted, bearing no positive results and day by day, I lose motivation. Hesitate to seek any professional help due to some reasons: 1) it is costly & time consuming. 2) Me alone putting efforts in getting cured won't serve any purpose (it may relapse due to unsupportive environ at home) unless there's attitudinal shift with family members too. I don't know what to do, please help.

Ans: Becoming a crorepati through SIP is a smart financial dream.

It is very much possible for anyone.

Even if your income is modest, you can still reach Rs. 1 crore.

It only needs discipline, planning, and patience.

Let us explore how this can be achieved through a 360-degree approach.

We will break this into simple steps and areas to focus on.

We will also assess every important angle that can affect the outcome.

We will keep it practical and achievable for every Indian household.

Let us now begin step-by-step.

? Understanding SIP – The First Step

SIP means Systematic Investment Plan. You invest a fixed amount every month.

It is done into a mutual fund of your choice. You choose an amount you are comfortable with.

It builds discipline in investing and works well with monthly income.

It uses the principle of rupee cost averaging. It helps you buy more units when the price is low.

SIP works best in equity mutual funds for long-term wealth creation.

? Start Early, Invest Regularly

Time plays a very big role in wealth creation. Start early if possible.

Even small SIPs can become big amounts over time.

The longer you stay invested, the more your money can grow.

Power of compounding needs time to work effectively.

If you delay, then you need to invest more to reach the same goal.

? Choose Actively Managed Mutual Funds

Index funds look cheap but are not always better. They copy the market.

Index funds do not perform better than active funds in all conditions.

Actively managed funds have expert fund managers. They select the right stocks.

Actively managed funds can outperform the market with good strategies.

In India, market is still not fully efficient. So active management works better.

? Avoid Direct Mutual Funds – Go with Regular Funds via CFP

Direct funds may look cheaper but have hidden disadvantages.

In direct plans, you do not get personalised advice. You are on your own.

No guidance on when to enter or exit, or which fund to choose.

Regular plans have Certified Financial Planners (CFP) who track your goals.

They help you avoid wrong investments and improve returns.

Regular funds ensure proper handholding and better fund suitability.

? Decide Your Investment Amount and Time Horizon

Fix a goal – you want to become a crorepati. Write it down.

Decide when you want to reach Rs. 1 crore. 10 years? 15 years?

Choose your SIP amount based on your time frame.

Longer time means lower SIP needed. Shorter time means higher SIP.

Start with what you can afford. Increase it yearly if possible.

? Increase SIP with Income – Step-Up Strategy

When your income increases, your SIP should also increase.

This is called step-up SIP. You can increase it by 5% or 10% every year.

This makes your goal easier and quicker to reach.

It balances your lifestyle and investment growth.

Step-up SIP helps you reach bigger goals without stress.

? Diversify – But Keep It Simple

Do not put all money in one mutual fund. Use 3 to 4 funds.

You can have a large-cap fund, mid-cap fund and a flexi-cap fund.

You may also include sectoral or thematic fund for growth.

Do not over-diversify. Too many funds will dilute returns.

Choose quality funds with consistent long-term performance.

? Monitor Performance Every Year

Review your SIPs once a year. See if the fund is doing well.

Compare with other similar funds in same category.

Replace poor performers with better ones with help of a CFP.

Do not change funds too often. Give them time to perform.

Stay patient. Equity needs time to give results.

? Keep SIPs Running Even During Market Falls

Do not stop SIP when market is low. That is when SIP works best.

You get more units at lower prices. That boosts long-term returns.

Market corrections are normal. They help in wealth building.

Never time the market. Just continue SIP without emotions.

Discipline and consistency are the real wealth builders.

? Taxation Awareness – Know Before You Sell

Equity mutual funds have new tax rules now.

If you sell after 1 year, gains above Rs. 1.25 lakh taxed at 12.5%.

If you sell within 1 year, gains are taxed at 20%.

Debt mutual funds gains are taxed as per income slab.

Always plan withdrawals to reduce tax impact.

? Use SWP in Retirement Phase – SIP for Wealth Building

SIP is used to build wealth before retirement.

After retirement, use SWP (Systematic Withdrawal Plan) for income.

It gives monthly cash flow without disturbing investment.

Combine SWP with debt mutual funds for stability.

Helps in managing expenses while wealth continues to grow.

? Keep Emergency Fund Separate

Do not use SIP for emergency needs. Keep separate savings for that.

Emergency fund must be 6 to 12 months of expenses.

Use liquid mutual funds or short-term FDs for this.

This protects your SIP and long-term goal from disruptions.

Emergency fund gives peace of mind. Very important for every family.

? Stay Protected – Don’t Ignore Insurance

Buy good health insurance for all family members.

Have term insurance if you have dependents.

Do not mix insurance and investment. Avoid ULIP and endowment plans.

Surrender old LIC policies or investment-cum-insurance if returns are low.

Invest surrendered amount in mutual funds to boost growth.

? Goal-Based Planning Is Key

Your goal is not just Rs. 1 crore. It is why you want it.

Maybe for child education, retirement, or financial freedom.

Write down your goals. Link each SIP to a goal.

It keeps you focused and avoids unnecessary expenses.

Goal clarity improves savings and investment decisions.

? Avoid Emotional Investing – Trust the Process

Do not get influenced by news, friends, or market ups and downs.

Stick to your SIP. Trust the process and your planner.

Fear and greed are biggest enemies of wealth creation.

Keep SIPs boring and automatic. That is how wealth grows.

Discipline beats timing. Patience beats panic.

? Plan with a Certified Financial Planner

Certified Financial Planner helps you select the right funds.

They help create customised plan based on your goals.

They review your progress and make changes when needed.

Their guidance helps avoid costly mistakes. Very valuable support.

Choose CFPs with experience in mutual funds and retirement planning.

? Do Not Chase High Returns – Chase Consistency

Do not run behind best performing fund every year.

Past returns do not guarantee future performance.

Choose funds with consistent 5 to 10 year records.

Focus on funds with risk-adjusted returns, not just returns.

Consistency helps your SIP reach target smoothly.

? Don’t Delay – The Best Day to Start is Today

Many people wait for perfect time to invest. That never comes.

Start SIP with whatever amount you can now.

Even Rs. 1000 per month is a good start.

Increase amount later. But don’t delay the start.

Start early, stay long, and stay invested. That’s the simple formula.

? Automate Everything – Make SIP Hassle-Free

Set auto debit from your bank for SIP.

Choose date after salary credit. Never delay SIP.

Treat SIP like any other important monthly bill.

Automation ensures discipline. No temptation to spend first.

You focus on earning, SIP focuses on growing.

? Watch Out for SIP Disruptors

Avoid taking too many loans or EMIs. They reduce your SIP capacity.

Do not stop SIP to buy non-essentials. Plan purchases carefully.

Emergency, job loss or illness should not affect SIP. Plan for it.

Keep a buffer always. Avoid stress and continue investing.

Financial freedom comes with consistent behaviour.

? Finally – Your Journey to 1 Crore is a Reality

Becoming crorepati with SIP is not magic. It is method.

It needs time, planning, and belief in the process.

Avoid shortcuts. Stay away from market tips and trends.

Use SIP with right funds, right mindset, and right advisor.

This journey gives you more than money. It gives financial confidence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: You are doing the right thing by thinking ahead. Retirement is a new phase. With the right planning, it can be a peaceful one.

You are close to retirement. You wish to maintain a monthly lifestyle expense of Rs 2 lakh. That means Rs 24 lakh every year. You also have no EMIs. This is very good. Let’s plan from a 360-degree perspective.

Let’s assess your retirement lifestyle needs, required corpus, and ideal investments in simple steps.

?

Understanding Your Retirement Lifestyle

You plan to retire in 3 months. This is a critical stage to plan calmly.

?

Monthly expenses are Rs 2 lakh. This shows a dignified lifestyle with comfort.

?

No EMIs means you start with a clean slate. Very positive foundation.

?

You wish to retain the same lifestyle. That means the corpus must beat inflation.

?

Post-retirement income should be regular, low-risk, and tax-efficient.

?

Liquidity must be available. Health care needs can come up anytime.

?

You must plan for at least 25-30 years post retirement. Life expectancy is rising.

?

Expenses will rise every 5-6 years. So plan to beat inflation.

?

Your focus should be on safety, steady income, and flexibility.

?

Required Retirement Corpus: Assessment

Based on your Rs 2 lakh/month, yearly need is Rs 24 lakh.

?

If we consider 25 years of retirement, that’s Rs 6 crore in today’s money.

?

But we must consider inflation. In 5 years, Rs 2 lakh will feel like Rs 2.5–3 lakh.

?

Hence, you need a larger retirement corpus. Around Rs 7 to 8 crore would be comfortable.

?

This will help maintain your lifestyle and tackle medical or unexpected needs.

?

If corpus is less than Rs 7 crore, then we need to plan smarter.

?

Use diversification. Use multiple instruments. Create buckets based on time horizon.

?

Don’t put all in one place. You need a good balance of risk and safety.

?

Asset Allocation Strategy After Retirement

First focus is capital protection.

?

Second focus is monthly income.

?

Third focus is inflation beating growth.

?

Split your corpus into 3 parts: Short term, Medium term, and Long term buckets.

?

Bucket 1 – Short-Term (Next 3 years of expenses)

Allocate around Rs 70–75 lakh.

?

Keep in bank FDs, sweep-in FDs, and ultra-short-term mutual funds.

?

This part gives you monthly withdrawal facility. It is liquid and safe.

?

Invest in FDs with quarterly interest payouts for steady flow.

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Choose banks with good credit ratings, preferably large private or PSU banks.

?

Ultra-short-term mutual funds offer 6-7% and are more tax efficient.

?

This bucket is not meant for growth. Only for stability and access.

?

Bucket 2 – Medium-Term (4 to 10 years)

Allocate around Rs 2.5 to 3 crore.

?

Invest in conservative hybrid mutual funds and balanced advantage funds.

?

These funds adjust equity-debt mix dynamically. Less risky than equity funds.

?

Returns can be in the 8–10% range. This beats inflation comfortably.

?

Use SWP (Systematic Withdrawal Plan) to take monthly amounts.

?

You can take Rs 40,000 to Rs 50,000 monthly from this bucket.

?

SWP is more tax efficient than FD interest.

?

Long term capital gains above Rs 1.25 lakh/year taxed at 12.5%.

?

STCG taxed at 20%. So holding for long is better.

?

Regular plans through MFDs with CFP support give better tracking and guidance.

?

Avoid direct funds unless you can do in-depth review regularly.

?

Regular funds give access to advisor support and portfolio rebalancing.

?

Bucket 3 – Long-Term Growth (10+ years)

Allocate Rs 3 to 3.5 crore here.

?

Use well-diversified actively managed mutual funds.

?

Choose from large cap, large & mid cap, flexi cap, focused, or multi-asset.

?

These funds help grow the corpus and beat long-term inflation.

?

Avoid index funds. They blindly follow the index without active stock selection.

?

Actively managed funds can protect better during market falls.

?

A good fund manager makes selective calls. This gives better results.

?

Rebalance your portfolio every 2 years with a Certified Financial Planner.

?

Use dividend reinvestment or growth option. Withdraw only when needed.

?

Don’t over-withdraw. This is your retirement anchor.

?

PPF, Senior Citizen Saving Scheme, and Post Office Options

PPF is good, but has 15-year lock-in. At 60, liquidity becomes concern.

?

If you already have PPF account, let it mature. Extend in blocks of 5 years only if needed.

?

SCSS is suitable. Offers attractive interest. Limit is Rs 30 lakh per individual.

?

Safe for a portion of retirement corpus. Good for capital preservation.

?

Post Office Monthly Income Scheme can be considered. But rates change.

?

Don’t lock too much in long-tenure options. You need liquidity too.

?

Tax Planning After Retirement

Plan your income smartly to stay in lower tax brackets.

?

FDs are taxed at slab rates. Plan accordingly.

?

Mutual funds offer better tax efficiency.

?

Use SWP from equity mutual funds for steady tax-friendly income.

?

For debt mutual funds, taxation is as per your slab. Use with planning.

?

Spread your withdrawals across financial years to manage tax.

?

Submit Form 15H if your taxable income is below limit.

?

Take help from your MFD or CFP for tax-efficient withdrawal plans.

?

Health Insurance and Emergency Fund

Keep Rs 20 to 25 lakh separately for emergencies.

?

Maintain health insurance even after retirement.

?

Take super top-up plans if base policy is small.

?

Don’t depend fully on employer’s insurance. It ends with retirement.

?

Medical costs can wipe out corpus if not planned.

?

Also keep Rs 3–5 lakh in savings account for minor needs.

?

Estate Planning: Important But Often Missed

Prepare a clear and updated Will.

?

Nominate family members in all financial accounts.

?

Inform spouse or children about investments and bank details.

?

Keep copies of all insurance, MF, FD and other assets safely.

?

You are planning for your family’s future. Keep them informed.

?

Investment Discipline and Annual Review

Review your plan every year. Retirement is not a one-time setup.

?

Adjust for inflation and market movements.

?

Rebalance portfolio with help of a CFP.

?

Stay invested even during market falls. Don’t panic and withdraw.

?

Withdraw only what is needed monthly.

?

Maintain some cash buffer to avoid early redemption.

?

Long-term growth needs patience and discipline.

?

Avoid These Common Retirement Investment Mistakes

Don’t invest everything in FDs. Returns won’t beat inflation.

?

Don’t put full amount in equity either. Risk is high.

?

Avoid direct mutual funds. Regular plans give guidance and support.

?

Don’t go for ULIPs, investment insurance, or traditional plans for returns.

?

Don’t fall for high-return promises from unknown agents.

?

Never lend big amounts to relatives without documentation.

?

Avoid complex structured products. Keep it simple and liquid.

?

Don’t ignore medical and long-term care planning.

?

Avoid long lock-in plans. Flexibility is more important now.

?

Don’t take new loans unless absolutely needed.

?

Finally

Deepa, you are entering a new phase in life. A well-planned one can be peaceful.

You’ve lived responsibly. Now it is time to plan your wealth for protection and income.

Start with safety. Then add income-generating instruments. Keep some for growth.

Diversify using the 3-bucket method. Review every year. Stay informed and calm.

With the right approach, you can enjoy 25+ years of peaceful retirement.

Appreciate your clarity and foresight. More power to your next chapter.

?

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

Ans: Hello Praveen
Chances for CSE, IT, ECE are very low for NSUT & DTU. Lower branches seems possible.
Private colleges seems possible like Amity, NIET, GL BAJAJ, MAIT, BPIT.

Ans: Mid-Tier NITs (e.g., NIT Patna, Raipur) CSE/ECE 1,000–8,000 Unlikely
Mid-Tier NITs Civil/Mech/Metallurgy 8,000–15,000 Possible (borderline)
Lower NITs (e.g., NIT Mizoram, Manipur) All Branches 10,000–20,000 Safe
Newer IIITs (e.g., IIIT Bhagalpur, Agartala) ECE/IT 5,000–15,000 Likely
Top IIITs (e.g., IIIT Hyderabad, Delhi) All Branches

Ans: NITs CSE/ECE 1–15,000 Unlikely
NITs Civil/Mech/Metallurgy 15,000–50,000 Borderline (possible in lower NITs)
IIITs ECE/IT 10,000–40,000 Unlikely
IIITs Other branches 40,000–60,000 Possible (e.g., IIIT Bhagalpur, Agartala)
GFTIs (like SLIET, IIEST) All branches 30,000–70,000 Good chance (e.g., IIEST Shibpur, NITTR)

Ans: What is your question?

Ans: Hi Mamata
You can try for Pune, Mumbai, South.
In case of any queries & professional admission help, you can DM me through insta handle CAREERSTREETS I will help you out.

Ans: You can admission in Pune as well on this score in private colleges
In case of any queries & professional admission help, you can DM me through insta handle CAREERSTREETS I will help you out.

Ans: Hi Samriddh
Appearing MHTCET is compulsory. You cannot participate directly in rounds based on JEE score.