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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 26, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Asked by Anonymous - Apr 19, 2024Hindi
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Dear sir my age is 28 year now I complete my btech degree in mechanical engineering...just now I also worked in a private factory as a production engineer in roto moulding department..but this field not to much available in other areas ..so what should I do .?

Ans: Given your background in mechanical engineering and your experience as a production engineer in the roto molding department, you have a solid foundation that can lead to various career opportunities in plastics manufacturing, injection molding, packaging, or consumer goods production, design engineering, quality assurance, maintenance, or project management. If you have a passion for innovation and entrepreneurship, consider starting your own business in the manufacturing or engineering sectors. You could use your expertise to develop new products, improve existing processes, or provide consulting services to other businesses. Conduct market research to identify potential opportunities and create a business plan to outline your goals and strategies. Take advantage of online resources, workshops, and training programs to develop new skills and stay updated with the latest trends and technologies in mechanical engineering. This could include learning programming languages, gaining proficiency in software tools, or acquiring knowledge in emerging fields like additive manufacturing or sustainable engineering. Utilize your professional network, including colleagues, classmates, and industry contacts, to explore job opportunities and gather insights about different career paths. Attend industry events, job fairs, and networking seminars to expand your connections and learn about potential openings in your field.

Remember to assess your interests, strengths, and long-term career goals before making any decisions. Take the time to research and explore these different options as well. With your background in mechanical engineering and your experience in production engineering, you have valuable skills that can open doors to a wide range of exciting opportunities. Best of luck.
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Milind

Milind Vadjikar  |1150 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Apr 04, 2025

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Sir, Age: 26 Subject: NPS ( National Pension Scheme) Scheme Choice : LC 75 ( Aggressive Auto Choice) Tier : Tier 1 Pension Fund: ICICI Prudential Pension Fund Current value of scheme : Rs. 57927/- Investing Rs. 5600/- on a monthly basis My goals: Want my portfolio to beat inflation and provide a pension of Rs. 1 lakh monthly ( in hopes that beating inflation value of Rs. 1 lakh does not decrease over time) Time horizon : 34 years Questions: 1. Sir will my NPS scheme beat inflation? 2. Is the Pension Fund ( ICICI Prudential) a good choice or should I shift? 3. Will one lakh pension after 34 years be enough to support my lifestyle? (Assuming that everything pans out smoothly) 4. Judging by today's tax law income up to 12 lakh p.a. is non taxable, will I be taxed on my pension still if the law remains as is? (Hypothetical question) My details : 1.Unmarried, never planning on marriage or kids ever. 2.Current utility bills amount to Rs. 15,000 per month 3. Other expenses Rs. 5-7k per month. 4. I have other investments too, but I want to know if I can rely on NPS in old age or not. With this information alone, is retirement with NPS feasible?
Ans: Hello;

Your current expenses add upto 22 K per month.

After 34 years this amount will be 1.6 L per month considering 6% inflation.

This would need a corpus of 5-6 Cr.

Your current investment would fetch you around 1.2 Cr which is quite low.

You need to invest minimum 25 K per month in NPS to expect 5 Cr+ corpus build after 34 years. (A modest 8% return considered from NPS)

Also you may shift from Auto choice to Active choice so as to ensure 75% allocation to equity upto 50 age.(In Auto choice after 35 age equity allocation is tapered down).

You are allowed to have different fund managers for different asset classes based on their performance in respective category.

Current fund manager looks okay however you need to review performance every year.

For generating retirement corpus it is better to have 2-3 investment avenues rather then a single one.

A mix of EPF/PPF, NPS and MFs should be more appropriate.

Best wishes;

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