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Mayank

Mayank Kumar  | Answer  |Ask -

Education Expert - Answered on Jun 09, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
AMIT Question by AMIT on May 27, 2023Hindi
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Career

my son in class 10, want to know career in merchant navy, and how to proceed

Ans: Your son can opt for science (PCM) in class 11th and 12th. He can appear for entrance exams like IMU-CET and join a maritime academy or institute for relevant courses and training
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Maxim

Maxim Emmanuel  | Answer  |Ask -

Soft Skills Trainer - Answered on Apr 23, 2024

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Career
can you guide me for career in Merchant navy
Ans: Merchant Navy, aspiring candidates must have completed either their 10th or 12th-grade education. Age: Typically 17-25 years. Medical: Must pass a fitness exam for physical and mental health. Skills: Good English communication.
Candidates must have studied Physics, Chemistry, and Mathematics (PCM) in their 10+2 curriculum. Additionally, candidates should have a minimum of 50% marks in the English language at the 10th or 12th standard. The minimum qualification for a marine engineering course is a 10+2 pass certificate with PCM

Merchant Navy is a prestigious career choice for individuals who are passionate about sailing and the sea. The Merchant Navy is responsible for transporting goods and passengers across the world’s oceans and seas. It is a highly challenging and rewarding career that requires individuals to meet certain eligibility criteria. In this blog, we will discuss the Merchant Navy eligibility criteria in detail.

The eligibility criteria for entry into the Merchant Navy varies depending on the course. Age is an important factor to consider, and below are the age restrictions for different courses

1. Diploma in Nautical Science (DNS) course
The maximum age is 25 years, and the minimum age is 17 years on the date of commencement of the course. A relaxation of 5 years for SC/ST, 3 years for OBC(NCL) candidates, and 2 years for women candidates.

2. B.Sc. in Nautical Science course
The maximum age is 25 years, and the minimum age is 17 years on the date of commencement of the course. A relaxation of 5 years for SC/ST, 3 years for OBC(NCL) candidates, and 2 years for women candidates.

3. B. Tech Marine Engineering
For B.Tech Marine Engineering the maximum age is 25 years and the minimum age is 17 years on the date of commencement of the course. A relaxation of 5 years for SC/ST, 3 years for OBC(NCL) candidates, and 2 years for women candidates.

4.Graduate Marine Engineering (GME)
The age of the Candidate must not be more than 28 years on the day of the start of Training.

5. Electrical Technical Officer
For general category candidates, the maximum age is 35 years. For Scheduled Caste and Scheduled Tribe candidates, the maximum age relaxation of 5 years is applicable, a maximum of 3 years relaxation applies to OBC (NCL) candidates, and 2 years for female candidates as per the directives of the Government of India.

6. Hospitality Management & related culinary qualifications are sort after on Cruise Passenger Ships and Regular Cargo Ships too!

However, some companies may have different age criteria, so it is advisable to check with the particular company you are applying to.

Candidates must meet the medical fitness criteria set by the Directorate General of Shipping (DGS) to join the Merchant Navy. The medical examination is conducted by a DGS-approved doctor who will assess the candidate’s physical and mental fitness. Candidates with any major medical conditions such as colour blindness, hearing problems, or any other disability are not eligible to join the Merchant Navy.

Physical Standards for Merchant Navy:
In addition to medical fitness, candidates must meet certain physical standards set by the DGS to join the Merchant Navy. Candidates must have a minimum height of 157 cm and a weight proportionate to their height.

Selection Procedure for Merchant Navy:

The selection procedure for Merchant Navy includes a written examination, a medical examination, an interview and IMUCET. The written examination tests the candidate’s knowledge of mathematics, physics, chemistry, GK and Aptitude.

The medical examination is conducted to ensure that the candidate meets the medical fitness criteria set by the DGS. After that the interview is conducted to assess the candidate’s communication skills, confidence, and attitude towards the profession.

Finally, candidates must appear for the Indian Maritime University Common Entrance Test (IMUCET). The IMUCET exam is conducted by the Indian Maritime University and is a computer-based test that assesses the candidate’s knowledge of mathematics, physics, chemistry, English, and general knowledge. The IMUCET exam is mandatory for candidates who want to join the Merchant Navy

Last but not the least.. The Training :
You must find an opportunity to apprentice and do an internship!
Hands on exposure to the shipping industry... Sailing on the Ship

Wish you Luck...Bon Voyage!

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |11151 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 22, 2026

Money
If I want to withdraw 1.5 lac per month, which SWP is better and how much should I invest in it?
Ans: It is very good that you are planning SWP (Systematic Withdrawal Plan) in advance. Planning monthly income properly helps protect your capital and gives stable cash flow.

To withdraw Rs 1.5 lakh per month, the correct SWP structure depends mainly on:

– your age
– investment horizon
– whether income is required lifelong or for limited years
– existing retirement corpus
– risk tolerance

Still, I will guide you with a practical structure that suits most long-term SWP income needs.

» How much investment is required to withdraw Rs 1.5 lakh per month

Normally, safe SWP withdrawal rate should be around:

– 6% yearly for very safe structure
– 7% yearly for balanced structure
– 8% yearly for growth-oriented structure

Based on this:

Approximate investment required:

– Conservative structure: around Rs 3 crore
– Balanced structure: around Rs 2.5 crore
– Growth-oriented structure: around Rs 2.25 crore

This allows income sustainability without early capital depletion.

If withdrawal period is limited (example 15 years), required corpus may be lower.

If income required lifelong, higher corpus is safer.

» Which mutual fund categories are best for SWP income

Best SWP income normally comes from a combination approach.

Ideal structure:

– 40% Multi asset allocation category fund
– 30% Balanced advantage category fund
– 20% Flexi cap category fund
– 10% Short duration debt category fund

This structure provides:

– income stability
– inflation protection
– market downside control
– long-term capital sustainability

Avoid using only pure equity category funds for SWP.

Avoid using only debt category funds also because inflation reduces value.

Combination approach works best.

» Why multi asset allocation category fund works well for SWP

This category invests across:

– equity
– debt
– gold

It adjusts allocation automatically and supports stable withdrawal planning.

Very suitable for retirement-style monthly income planning.

» Tax efficiency advantage of SWP

SWP is more tax-efficient compared to interest income.

Because:

– only capital gain portion is taxed
– equity mutual fund LTCG above Rs 1.25 lakh taxed at 12.5%
– debt fund gains taxed as per income slab

So proper category selection improves post-tax income.

» How to structure SWP correctly

Better approach:

– keep 2 years withdrawal amount in short duration debt category fund
– keep remaining corpus in multi asset + balanced advantage category funds
– review once per year
– increase withdrawal gradually based on inflation

This protects income continuity during market corrections.

» Important preparation before starting SWP

Before starting SWP ensure:

– emergency fund available separately
– health insurance active
– no high-interest loans pending
– nominee details updated

These steps protect retirement income stability.

» Finally

To withdraw Rs 1.5 lakh monthly comfortably, target corpus should ideally be between Rs 2.25 crore and Rs 3 crore depending on risk level.

Use combination of multi asset, balanced advantage, flexi cap and short duration debt category funds instead of relying on a single category. This improves income stability and protects capital for long-term sustainability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

...Read more

Nayagam P

Nayagam P P  |11050 Answers  |Ask -

Career Counsellor - Answered on Apr 22, 2026

Career
Namaskar, My son has got 93.60 percentile in JEE mains 2026 with General rank 100144 and OBC NCL rank 32618. I request you to kindly guide me can he get admission in SGSITS, Indore in CSE / IT / ETC branch having MP domicile or any other better option as per your recommendation.
Ans: Govind Sir, With 93.60 percentile, CRL 1,00,144 and OBC-NCL rank 32,618 (MP domicile), your son should try both MP BE counselling and JoSAA. For SGSITS Indore, recent MP-counselling data show General home-state closing ranks around CSE 18,410, IT 37,589, ETC 48,484 in 2025, so CSE looks difficult, IT is borderline, and ETC appears the most realistic; OBC-MP quota may improve chances somewhat. For JoSAA, at OBC 32,618, expect mainly lower-demand branches in mid/lower NITs, IIITs and GFTIs, not CSE/IT in top institutes. My recommendation: SGSITS ETC/IT first, then good MP colleges like IET-DAVV/JEC, while keeping JoSAA + CSAB as backup. (I suggest you also cross-check the JoSAA opening and closing ranks data from the last 2–3 years before filling in the maximum number of your son’s preferred institutions and branches during counselling). ALL the BEST for Your Son's Prosperous Future!

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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.

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