Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Krishna

Krishna Kumar  | Answer  |Ask -

Workplace Expert - Answered on Mar 09, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Asked by Anonymous - Mar 09, 2024Hindi
Listen
Career

Dear Sir I have already spent 2 year at my current organistation and even served my last working day here and waiting for relieving letter from the current employer...

Ans: Dear

I am sorry I am not able to answer your question, suggest you consult a lawyer or senior HR professional.
Career

You may like to see similar questions and answers below

R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Mar 21, 2024

Asked by Anonymous - Mar 20, 2024Hindi
Listen
Career
Hi Sir/Madam, I was working in an company where only 7 people are there .And, I absconded from the company 2 week back, because there they were discriminating the employees by religion who all are not their own religion. Every morning they'll use to do thier religious related things and also they were asked me to do gradually . But, I refused, because I never ever used to do those things and not comfortable as well. Since the day, that Manager was indirectly targeting, pressurizing me & some people and separating us. Not able to work properly and got depressed But, in our Offer letter it has been mentioned that there are 3 Years of probation period and without completing Notice period employees experience letter and releaving letter won't be provided. So, I absconded from that organisation without any releaving letter and experience letter, because I couldn't not able to pursue there. So, pls give right solutions to pursue my career, because I have 2 Years of experience. I don't want to waste my work experience.
Ans: I’m sorry to hear about your difficult situation. But I can suggest some general steps you might consider:

Document Everything: Keep a record of all communications and incidents that led to your decision to leave the company. This could be useful if you need to prove your case later.
Legal Advice: It might be beneficial to consult with a legal expert or a labor attorney who can provide advice based on your specific situation and local labor laws.
Human Rights Commission: If you believe you were discriminated against based on your religion, you might want to contact your local human rights commission or similar organization.
Job Search: Start looking for a new job that aligns with your career goals and provides a respectful work environment. Your previous experience will definitely be valuable.
Explain Your Situation: When applying for new jobs, be honest about your situation. Employers understand that not all work environments are healthy, and explaining your situation might help them understand your decision.
Remember, it’s important to seek professional advice in situations like these. I hope things get resolved for you soon.

..Read more

Shekhar

Shekhar Kumar  | Answer  |Ask -

Leadership, HR Expert - Answered on Sep 07, 2024

Asked by Anonymous - Aug 14, 2024Hindi
Listen
Career
I U SOMA SEKHARAIAH, from GUDUR NELLORE AP unofficially asked to Resign from my services with one-month notice during May'2024 so I resigned and relieved on 31-05-2024 from there onwards I am trying for job in industries. Till time I didn't get job as on today. 14-08-24 Pls give me solution U SOMA SEKHARAIAH
Ans: I understand that being without a job for a few months can be stressful, but with the right approach, you can improve your chances of landing a new position. Here are some strategies to help you navigate your job search effectively: Tailor your resume for each job application by focusing on your most relevant experiences and skills. Ensure that your resume includes key achievements, quantifiable results, and any certifications or training you have completed. Ensure your LinkedIn profile is up to date. Highlight your most recent work experience, skills, and accomplishments. Connect with professionals in your industry and engage with relevant content to stay visible in your network. While you may have been targeting specific industries, consider expanding your search to other sectors where your skills may be transferable. Look for industries that are growing, such as tech, healthcare, or logistics. Use multiple job portals like Naukri, LinkedIn, Indeed, and specialized job boards for your field. Set up job alerts for new opportunities. Approach recruitment agencies that specialize in your industry. They can help match your profile with suitable openings. If you’ve applied to jobs but haven’t heard back, don’t hesitate to send a polite follow-up message to express continued interest. Stay patient and proactive in your job search, and continue building your skills and professional network. With persistence, you will improve your chances of finding a job that fits your experience and aspirations. If you're open to it, you could also consider roles in new or adjacent industries where your skills can be applied.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |9785 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2025

Asked by Anonymous - Jul 19, 2025Hindi
Money
Am 32 years old with salary of 1 lakh per month and monthly expenses of around 60-70k as am single earning member of my family of 5, recently married, no kids and all my savings have been depleted in marriage and I don't have any savings or investment. I only have one term insurance of 1 crore and medical coverage for myself of 10 lakh and PF of around 1lakh. I would like to start savings & investment journey to retire by 50 but I also have to buy a house(cost around 40 lakh) in next 10 years & car in next 4 years. Please guide me what should be my savings and investment strategy
Ans: You are 32 years old. You have just started your married life.
You have no savings currently but have a steady income. You are also supporting your family.
You want to buy a car in 4 years, a house in 10 years, and retire by 50.
These are clear and realistic goals. Starting now with the right plan is very important.

Let’s look at your profile in a 360-degree view and build a complete strategy for your savings and investments.

? Family and Financial Responsibilities

– You are newly married and supporting a family of 5.
– You are the only earning member at present.
– You have no kids now, but this may change in a few years.

Right now, your family depends fully on your income. So, stability and discipline are very important.

? Income and Expense Overview

– You earn Rs. 1 lakh per month.
– Monthly expenses are Rs. 60K–70K.

This leaves you with Rs. 30K–40K surplus per month.
This is a strong base to begin your financial journey.

It is very important to save at least Rs. 25K from this every month.

? Current Assets and Insurance Cover

– Term insurance of Rs. 1 Cr is active.
– You have health cover of Rs. 10L for yourself.
– EPF balance is around Rs. 1L.
– No other savings or assets currently.

You have taken the first correct steps by starting term and health cover.
Make sure health cover includes family members as they are dependent on you.
As you grow older, adding family floater will be a wise move.

? Emergency Fund Is Your Next Priority

– You don’t have any emergency fund now.
– This is your first and most urgent step.

Start building a minimum of Rs. 1.5L–2L over the next 6 months.
This should be parked in a safe liquid or ultra-short debt fund.
Do not invest this in equity. Keep it easily accessible.

This is your buffer for job loss, hospital expenses, or urgent needs.

? Set Your Financial Goals Clearly

You have shared three goals. Let's plan them in detail:

– Car purchase (Rs. 8–10L in 4 years)
– House purchase (Rs. 40L in 10 years)
– Retirement (at age 50, in next 18 years)

All these goals have different timelines. So, different strategies are needed.

? Goal 1: Car Purchase in 4 Years

– Budget is around Rs. 8–10L.
– Don’t take a car loan. Start saving monthly instead.

Invest Rs. 10K–12K/month in ultra-short or short-term debt funds.
These are safer for short-term goals. They give better returns than FDs.

Avoid equity mutual funds for this goal. You don’t have enough time to recover losses if the market falls.

When goal is 12 months away, move all funds to liquid fund.

Car is a depreciating asset. So, buy within your means. Avoid emotional spending here.

? Goal 2: House Purchase in 10 Years

– Estimated cost: Rs. 40L.
– You may need Rs. 8L–10L as down payment.

For this goal, equity mutual funds can be used in the beginning.
But slowly reduce risk as you approach the goal year.

Invest Rs. 10K–12K/month into actively managed mutual funds.
Avoid index funds. They are average performers and don’t protect you during market falls.

Actively managed funds, when reviewed regularly, give better outcomes.
Start with a mix of large-cap and flexi-cap mutual funds.

Do not choose direct plans without advisor help.
– Direct plans have no guidance, no reviews, and lead to poor fund choice.
– Regular plans with MFDs who are CFPs provide goal-based planning and corrections.

When you are 3 years away from the house goal, shift from equity to debt funds.
This protects you from market risk. Don’t let a market crash affect your house plan.

? Goal 3: Retirement by Age 50

– You have 18 years to build retirement wealth.
– Since you have no savings now, this needs focus.

Start with Rs. 8K–10K/month into actively managed mutual funds.
You can increase this as your income grows.

Choose a mix of large-cap, flexi-cap, and balanced advantage funds.
Don't invest all in aggressive funds. Balance is key.

EPF and retirement corpus must grow side by side.
Don’t withdraw EPF early. Let it compound.

Also, consider opening NPS to get tax benefit and build retirement asset.
Limit NPS to 10–15% of total retirement plan. Too much NPS can reduce post-retirement liquidity.

Do not depend on real estate for retirement. It is illiquid.
Also, rental income is uncertain and property sales take time.

Keep equity mutual funds as your main retirement engine.

Review the plan every 2 years with a Certified Financial Planner.

? Systematic Investment Plan (SIP) Allocation

With Rs. 30K–35K surplus, you can follow this SIP plan:

– Rs. 10K/month → Car purchase (in debt funds)
– Rs. 12K/month → House down payment (in equity funds)
– Rs. 10K/month → Retirement goal (in diversified mutual funds)
– Rs. 2K–3K/month → Emergency fund (in liquid fund)

As your income increases, raise SIPs each year by 10–15%.

Stick to this discipline for the next 5 years and your financial position will be strong.

? Don’t Take Investment Advice from Banks or Unqualified Sources

Avoid random product selling by banks.
They push what earns them the most, not what suits you.

Avoid endowment, ULIP, or investment-insurance policies.
These give poor returns, long lock-ins, and very little flexibility.

Also, avoid annuities in future. They give fixed income, but poor inflation adjustment.

You need flexible, growing income after retirement. Mutual funds offer that.

? Avoid Index Funds and Direct Plans

Index funds look cheap but come with big disadvantages:
– No downside protection during market crash
– Poor performance during sideways markets
– Cannot outperform benchmarks
– Passive strategy may not meet your goal timelines

Direct mutual funds are low-cost, but come with high risk for new investors:
– No guidance
– No goal tracking
– High chances of wrong fund selection
– No portfolio review or corrections

Regular funds via a Mutual Fund Distributor with CFP help offer better goal-based investing.
The advisory support helps you avoid mistakes and stay on course.

? Tax and Investment Planning

Use EPF and NPS for tax savings under Section 80C and 80CCD(1B).
Start SIPs in ELSS only if you haven’t reached the 80C limit.

Plan MF redemptions smartly to avoid capital gains tax.
As per new rules:

– LTCG above Rs. 1.25L/year on equity MFs is taxed at 12.5%
– STCG is taxed at 20%
– Debt fund gains are taxed as per your slab

So always avoid churning funds without need. Review redemptions carefully.

? Next 6 Months Plan of Action

– Build Rs. 2L emergency fund in liquid funds
– Start SIP of Rs. 10K/month in debt funds for car goal
– Start Rs. 12K/month SIP in equity funds for house goal
– Start Rs. 10K/month SIP for retirement
– Avoid new liabilities or emotional spends

Track each SIP goal separately. Don’t mix funds.
Label your folios for clear tracking (car, house, retirement, etc.)

? Final Insights

You are starting at zero. But you have time on your side.
A disciplined start today will build a safe future.

Start slow, but stay consistent. Avoid reacting to short-term events.

Invest with a Certified Financial Planner who offers regular tracking.
You will avoid mistakes and reach your financial goals in time.

Your future is in your hands. Plan it with patience and proper direction.

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

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x