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Krishna

Krishna Kumar  |253 Answers  |Ask -

Workplace Expert - Answered on Mar 28, 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 21, 2024Hindi
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Career

My company is asking me to resign and giving me 90 days notice period but asking me to submit laptop immediately and my official Id will be deactivated too.what should I do now

Ans: Dear

My suggestion ensure you have smooth exit without burning bridges....keep your ego aside. Company always has an upper hand.

All the best
Career

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Krishna

Krishna Kumar  |253 Answers  |Ask -

Workplace Expert - Answered on Feb 23, 2024

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Hello Sir, Don't disclose my name, I am working in boarding school from last 2 year's, last year principal changed and he is giving lot of work (harassing staff ) so around 50% of staff left the school. he is not appointing new staff also. hardly 2-3 staff he has appointed. In my department 3 staff ware there now I am alone, he is not appointing any one, so I am alone handling all the classes. he has increased the work also. So I decided to leave the work and I got the work also. I have sent my resignation letter through mail. In my appointment letter they have mentioned “During the probation period your service may be terminated by ONE MONTH NOTICE on “either side or Salary in lieu of notice” and The relieving date in all circumstances will not be earlier than the last day of the academic year unless the school terminates. if you are working on any assignment when you tender your resignation such assignment must be completed to the satisfaction of the school before your services will be released. As allocation of subject teaching is a duty allocated for the academic year the reliving date will not be earlier than the last date of the academic year in which the resignation is tender. The school does not encourage mid term session dis continuation of services. School academic year will ends in April. At the time of appointment they have taken all my original certificates. But when I sent my resignation with one month notice period they replied as per your request, you will be relived after the completion of required formalities and work as per service rules. But, yet they are not mentioning what are the work to complete. After one month notice period immediately I have to join my new job. otherwise i will miss my opportunity. orally simply they are extending my date. At present they have extended 15 days after my last day of my notice period. kindly guide me how to solve the problem, get back my originals and join my new job smoothly. Regards
Ans: Please consult a lawyer
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Ramalingam

Ramalingam Kalirajan  |917 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Jan 31, 2024Hindi
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Sir i am 40 years old, wanted to retire early by 45 or 47. 1-daughter age 7. Invested 27 lac in MF, 30 lac in sbi life privilege plan ulip linked, 45 lac in EPF, 32 lac in PPF, 3 plots total worth 45 lac. Let me know how much should i need to retire in another 5 years. My monthly expenses is around 60 to 75k
Ans: To determine how much you need to retire in another 5 years, we'll need to assess your current investments and estimate your future expenses. Here's a rough breakdown:

Current Investments:
Mutual Funds: 27 lac
SBI Life Privilege Plan ULIP: 30 lac
EPF: 45 lac
PPF: 32 lac
Plots: 45 lac
Future Expenses:
Monthly Expenses: 60,000 to 75,000 INR
Retirement Planning:
Estimate your annual expenses in retirement by multiplying your monthly expenses by 12. Let's assume it's 9 lakhs to 11.25 lakhs per year.
Multiply your annual expenses by the number of years you expect to live in retirement. Since you plan to retire at 45 or 47 and may live until 80 or beyond, let's assume you'll need retirement income for 35 to 40 years.
Factor in inflation to adjust for the increasing cost of living over time. A conservative estimate of inflation is 5% per year.
Given these assumptions, you can use a retirement calculator or consult with a financial advisor to determine the lump sum amount you'll need to retire comfortably. They can help you assess your current investments, estimate future expenses, account for inflation, and identify any gaps in your retirement plan. Adjustments may be needed based on your risk tolerance, investment returns, and other factors unique to your situation.
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Ramalingam

Ramalingam Kalirajan  |917 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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I invested 40k in Uti flexicap fund but from last 2-3 years this fund not performing well... What to do...? Withdraw this amount or wait..?
Ans: When faced with underperforming investments like UTI Flexicap Fund, it's essential to evaluate your options carefully. Here are some steps you can consider:

Review Performance: Assess the fund's performance objectively over different time periods and compare it with its benchmark and peer funds. Look for consistent underperformance or temporary setbacks.
Understand Reasons for Underperformance: Research and understand the reasons behind the fund's underperformance. Is it due to changes in fund management, investment strategy, market conditions, or specific sectoral exposures?
Reassess Investment Thesis: Revisit your original investment thesis for choosing UTI Flexicap Fund. Does it still align with your financial goals, risk tolerance, and investment horizon? Consider whether the fund's underperformance is a temporary setback or a fundamental issue.
Seek Professional Advice: Consult with a Certified Financial Planner or investment advisor for personalized guidance. They can provide insights into whether it's prudent to hold onto the investment, reallocate funds to better-performing options, or exit the investment altogether.
Consider Portfolio Diversification: If UTI Flexicap Fund no longer fits your investment strategy, explore reallocating your investment to other funds or asset classes that better align with your goals and risk profile.
Patience vs. Action: Determine whether you're willing to wait for the fund's performance to improve or if you prefer to take proactive steps to address the underperformance.
Ultimately, the decision to withdraw or wait depends on your individual circumstances, investment objectives, and risk tolerance. It's essential to make informed decisions based on thorough research and professional advice.
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Ramalingam

Ramalingam Kalirajan  |917 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Feb 04, 2024Hindi
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My salary is 75k, I have started 50k sip (30 quant multi asset fund +5k largemidcap 250 zerodha index fund +5k smallcap 50 axis index fund+ 5k microcap motilal index fund + 5k kotak nasdaq 100 index fund) Also I have 9L in icici short term fund for additional mf buying. My age is 32 and want retire with 1Cr after 10 years. Is my plan is on correct way ?
Ans: Your proactive approach towards investing is commendable, and your SIP allocations reflect a diversified strategy. Let's review your plan:

SIP Allocation: You've diversified your SIP across different asset classes, including multi-asset, large-mid cap, index funds, and international exposure. This diversification can help manage risk and capture growth opportunities across various market segments.
Additional Funds for MF Buying: Holding 9 lakhs in ICICI Short Term Fund for additional MF buying provides liquidity and flexibility to capitalize on investment opportunities as they arise. It's a prudent strategy to have funds readily available for investment.
Retirement Goal: Your aim to accumulate 1 crore for retirement after 10 years is ambitious but achievable with disciplined saving and investment. However, it's essential to periodically review and adjust your investment strategy to ensure you stay on track towards your goal.
Consultation with a Financial Advisor: Consider consulting with a Certified Financial Planner to ensure your investment strategy aligns with your long-term financial goals and risk tolerance. They can provide personalized guidance and help optimize your portfolio for maximum growth potential.
Overall, your investment plan appears well-structured, but regular monitoring and adjustments may be necessary to ensure it remains aligned with your retirement objectives. Keep up the disciplined approach, and you're on the right path towards achieving financial independence.
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Ramalingam

Ramalingam Kalirajan  |917 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Dec 21, 2023Hindi
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Hello Kirtan, I am 35 years old and I am doing SIP of 17700. 4000 in TATA multicap, 3000 in TATA digital, 1000 in TATA small cap, 4400 in HDFC flexicap, 3300 in ICICI NIFTY 50 INDEX and 2000 in NIPPON INDIA SMALL CAP. What is your Opinion. I have no short terms goal. I just want to invest money for as long as I can.
Ans: It's great to see your commitment to long-term investing at 35. Your diversified SIP portfolio reflects a thoughtful approach to wealth accumulation. Let's delve into some insights:

Diversification: Your allocation across multiple fund categories - multicap, digital, small cap, flexicap, and index funds - spreads risk and captures growth opportunities across different market segments. This diversification is crucial for long-term wealth creation.
Focus on Growth: By investing in multicap and small cap funds, you're targeting companies across various market capitalizations, aiming for higher growth potential over the long term. Additionally, digital and flexicap funds offer exposure to sectors with significant growth prospects, aligning with your long-term investment horizon.
Index Fund Inclusion: Incorporating an index fund like NIFTY 50 INDEX provides exposure to the broader market while keeping costs low. It complements your actively managed funds and ensures broad market participation.
Review and Rebalance: Periodically review your portfolio's performance and asset allocation to ensure it remains aligned with your long-term goals and risk tolerance. Rebalance if necessary to optimize returns and manage risk effectively.
Overall, your investment strategy appears well-structured for long-term wealth accumulation. However, continue monitoring market trends and adjusting your portfolio as needed. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your financial objectives and aspirations.

Your commitment to long-term investing is commendable, and with diligence and strategic planning, you're on track towards financial success.
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Ramalingam

Ramalingam Kalirajan  |917 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Feb 11, 2024Hindi
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Money
I am 59 retired with corpus of ?.40 lacs with no retirement pension. Medical insurance sum insurance is ?.5 lacs and no family or financial commitment. To get ?.25k per month, please suggest where to invest. I estimate to live for next 20 years.
Ans: Given your retirement status and financial situation, securing a monthly income of 25,000 INR for the next 20 years requires a carefully crafted plan. Let's explore some options:

Systematic Withdrawal Plan (SWP): Consider investing a portion of your corpus in balanced mutual funds or debt funds and initiate an SWP. This allows you to systematically withdraw a fixed amount each month while potentially preserving your capital.
Senior Citizen Saving Scheme (SCSS): Invest a portion of your corpus in SCSS, offering stable returns and tax benefits for retirees. It provides regular interest payouts, ensuring a steady income stream.
Annuity Plans: Explore annuity plans offered by insurance companies. An annuity plan converts a lump sum into a regular income for a specified period, providing financial security during retirement.
Fixed Deposits (FDs): Invest in FDs with banks or post offices, providing stable returns and liquidity. Consider laddering FDs with varying maturities to optimize returns and access funds as needed.
Dividend-Paying Stocks or Mutual Funds: Invest in dividend-paying stocks or mutual funds, which provide regular income through dividend payouts. Ensure the investments align with your risk tolerance and financial goals.
Real Estate Investment Trusts (REITs): Consider investing in REITs, which offer rental income from commercial properties. However, be mindful of the associated risks and liquidity constraints.
It's essential to strike a balance between growth and stability while ensuring your income needs are met throughout retirement. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific requirements and aspirations.

Your dedication to securing your financial future is commendable, and with careful planning, you can enjoy a comfortable retirement with peace of mind.
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Moneywize

Moneywize   |97 Answers  |Ask -

Financial Planner - Answered on Apr 27, 2024

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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