Should I go against family to save a 10-year relationship from after my 12th?

Ans: Hello;

The value of your current income as after 14 years will be 1.36 L considering 6% inflation over 14 years by the time you are 60 years of age.

If you feel that your expenses may be reduced then and you would need say 70% of the income after 60 age so 70% of 1.36 L gives us a monthly income requirement of around 95 K.

To achieve this target I recommend you to start a monthly sip of 25 K into a combination of pure equity type mutual funds.

You need to top-up the sip amount by minimum 10% each year.

Also I would suggest you not to dabble in direct stocks and reinvest the 60 K sum lumpsum into above referred type of mutual funds.

The sip corpus will grow into a sum of around 1.96 Cr. The lumpsum invested will grow into a sum of around 4 L after 14 years considering a modest return of 13%.

Therefore your comprehensive corpus will be 2 Cr.

If you buy an immediate annuity from an insurance company for your corpus then considering annuity rate of 5.75% you can expect to receive monthly payout of around 95 K.

For your son's education funding you may utilise EPF corpus or seek an education loan.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Ans: I see you have grown this company from a Peon to Admin Manager.

It's clear that the company has looked after you very well.
Now at 55 you want to jump job's and experiment.. absolutely doing the wrong thing!?

Stop looking at those fancy big companies.. Start living in the present!?


If you do need further professional advice happy to assist
https://m.me/maxim.emmanuel.2024

Ans: Hi Nilesh,

I don't know what's your current job and your skill sets to give you an accurate suggestion.

However... What I understand that you are in currently in Solapur and there are plenty of opportunities

Now you are available 6 onwards so you could try looking at delivery personnel jobs, there's a lot of demand in the logistic business
Alternatively a job in a restaurant!?


If you do need further professional advice happy to assist
https://m.me/maxim.emmanuel.2024

Ans: Hi,

I understand that you have a good salary but since you are not getting salary hike in the QA JOB, you want to switch jobs.

But the fact lies in your question, that you are not in sync with other technical advancements.

However since your coding skills are not good.. You can't be a software developer.

Now understand your career path is based on your skill sets and core competence!

That's for you to explore!?


If you do need further professional advice happy to assist
https://m.me/maxim.emmanuel.2024

Ans: Hi Ram,

Your name is more than any ordinary name... Even Lord Ram went through several perils... Actually 14 yrs in the wilderness.

Now compare with you Ram,your troubles much smaller ...!?

Let's understand why people fail interviews....mostly lack of confidence, of not being able to present yourself properly.

There should be a clear action plan before you attend an interview.
You must look presentable.
You must be confident during the interview.
Ensure your knowledge & language skills are good, to get you the job.

Now let's chart your career path.
Where were you earlier,where are you now, where do you want to be

Design a good resume not more than 2 pages and post it in competitor companies of the domain you have experience.
Lo and behold the job will be yours!?

If you do need further professional advice happy to assist
https://m.me/maxim.emmanuel.2024

Ans: My suggestion is you should go for SCSS. Agreed the ROI is slightly lesser. Interest will be paid quarterly but you will sleep peacefully without worrying about your money since it's a GOI scheme. So sovereign guarantee that your money is safe.

Ans: Video gaming arts has great scope however it's not clear whether you are a video gamer or video game developer.

Accordingly design a good CV not more than 2 pages and search on the web relevant companies, post your CV in their career/job section.

If you do need further professional advice happy to assist
https://m.me/maxim.emmanuel.2024

Ans: At 38, with a 6-year-old son and a stable monthly SIP of Rs 30,000 in mutual funds, you’ve built a strong foundation for securing both your son’s education and your retirement. Increasing your SIPs is a wise decision, but choosing the right categories of funds is critical for achieving these goals effectively. Here's a breakdown of how you can structure your investments:

1. Understanding Your Financial Goals

You have two primary objectives: your son’s education and your retirement. Each has distinct time frames and risk tolerance levels.

• Son’s Education: Assuming you’ll need the funds in 10-12 years, this is a medium-term goal. The corpus required for education can be significant, especially with inflation in education costs.
• Retirement: With a horizon of 20+ years, you have the advantage of time, allowing you to take slightly more risk to grow your retirement corpus.

2. Fund Categories to Focus On

a) Equity Mutual Funds (60-70% of Your Portfolio)

Since you have long-term goals, equity mutual funds should be the core of your portfolio. These funds generally deliver superior returns over a long period (7-10 years and beyond), which helps counter inflation and build substantial wealth.

• Large-Cap Funds: These funds invest in well-established companies with a proven track record of stability. They are less volatile compared to mid or small caps. Allocating around 20-25% of your SIPs in large-cap funds will provide a stable foundation. Examples include the SBI Bluechip Fund or ICICI Prudential Bluechip Fund.
• Mid-Cap Funds: Mid-cap funds offer higher growth potential but come with slightly more risk. However, with a 10+ year horizon for your son’s education and 20 years for retirement, you can afford to take some mid-cap exposure. Allocate around 15-20% of your SIPs in these funds, such as DSP Midcap Fund or Kotak Emerging Equity Fund.
• Flexi-Cap Funds: These funds invest across large, mid, and small-cap stocks, giving the fund manager flexibility based on market conditions. Flexi-cap funds strike a balance between risk and reward, making them a good choice for both education and retirement. Consider allocating 15-20% of your SIPs here. Funds like Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund are good options.

b) Balanced Advantage or Hybrid Funds (20% of Your Portfolio)

These funds balance equity and debt exposure, adjusting based on market conditions. They help in reducing volatility while offering moderate returns. Given your need for a medium-term goal like education, hybrid funds can ensure you don’t face large drawdowns when you approach the time to withdraw the funds. Around 20% of your portfolio in hybrid funds like the HDFC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund will work well.

c) Debt Mutual Funds (10-15% of Your Portfolio)

To secure funds for your son’s education, consider adding some allocation to debt funds. These funds offer more stability and lower risk compared to equity funds. Over the next 10-12 years, having debt funds in your portfolio can ensure you have access to funds with lower volatility, especially as you near the time to pay for educational expenses. Consider investing 10-15% in debt funds such as HDFC Short Term Debt Fund or ICICI Prudential Corporate Bond Fund.

d) Index Funds (10% of Your Portfolio)

Low-cost index funds that replicate broader indices such as the Nifty 50 or Sensex provide diversified exposure to the overall stock market and help in keeping costs down while still delivering steady growth. Allocate around 10% of your SIPs in index funds like the UTI Nifty 50 Index Fund or HDFC Index Fund - Nifty 50.

3. Systematic Withdrawal Plan (SWP) for Education

As your son approaches higher education, start shifting a portion of the equity investments to safer instruments (such as debt funds) using a Systematic Withdrawal Plan (SWP). This will help in reducing volatility and ensure you have access to funds without worrying about market timing.

4. Increase in SIPs

Since you plan to increase your SIP amount, consider the following strategy:

Allocate the additional SIPs to mid-cap, flexi-cap, and index funds, as these categories typically deliver higher returns over the long term, aligning with both your goals.

Ensure that every year or two, you review your SIP amounts and increase them by 10-15% to account for inflation.

5. Risk and Review

Ensure you regularly review your portfolio (annually or bi-annually) to adjust your asset allocation based on your progress toward each goal. As you approach retirement and your son’s higher education expenses, gradually shift more funds into debt or hybrid categories to reduce risk.

Conclusion

By maintaining a diversified portfolio with a focus on equity for growth and debt for stability, you can efficiently achieve both your son’s education and retirement goals. Regularly increasing your SIPs and reviewing your portfolio will ensure you stay on track for the future.

Ans: He should aim product-based company in any domain he is interested.