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Patrick

Patrick Dsouza  |785 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Feb 21, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Dr Question by Dr on Feb 21, 2024Hindi
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Dear sir,I am compulsory retired from psu, as a senior Manager still I am having 5 years For matured retirement. Is there any jobs available for me?

Ans: One option is to be a visiting faculty in one of the management institutes in the area of your expertise.
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R P

R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Feb 23, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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Dr Question by Dr on Feb 21, 2024Hindi
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Dear sir,I am compulsory retired from psu, as a senior Manager still I am having 5 years For matured retirement. Is there any jobs available for me?

Ans: As a senior manager with significant experience and five years until mature retirement, you have valuable skills and expertise that can be applied to various job opportunities. Here are some potential avenues to explore:

Industry Consultancy: Consider offering consultancy services in your industry. Your extensive experience can be valuable to companies seeking expertise in areas such as operations management, strategic planning, or process optimization.

Freelancing or Contract Work: Explore opportunities for freelancing or contract work in your field. Many companies, especially startups or smaller businesses, may require temporary support for specific projects or initiatives.

Part-Time or Remote Work: Look for part-time or remote work opportunities that allow for flexibility and work-life balance. Many organizations offer remote positions for experienced professionals, including roles in project management, consulting, or advisory services.

Government or NGO Roles: Investigate opportunities in government agencies or non-governmental organizations (NGOs) where your experience and expertise can be beneficial. These organizations often have positions available in areas such as policy development, program management, or capacity building.

Teaching or Training: Consider sharing your knowledge and expertise by pursuing opportunities in teaching or training roles. Universities, colleges, training institutes, and corporate training departments may seek experienced professionals to teach courses or conduct workshops in your field.

Professional Associations and Networks: Join professional associations and networks related to your industry. These platforms can provide access to job opportunities, networking events, and professional development resources.

Entrepreneurship: Explore the possibility of starting your own business or venture based on your expertise and interests. Entrepreneurship allows you to leverage your experience to create innovative solutions or services within your industry.

Career Counseling and Coaching: With your extensive experience, you could consider a career in counseling or coaching, helping individuals navigate their career paths, develop skills, and achieve their professional goals.

Online Platforms: Utilize online job platforms, networking sites like LinkedIn, and specialized recruitment agencies to explore job opportunities tailored to your skills and experience.

Upskilling and Continuous Learning: Stay updated with industry trends, technologies, and best practices through continuous learning and upskilling. Investing in certifications, attending workshops, or pursuing advanced education can enhance your marketability and open doors to new opportunities.

Remember to tailor your job search approach to your interests, strengths, and career goals. Networking, maintaining a strong online presence, and staying proactive in your job search efforts can significantly increase your chances of finding fulfilling opportunities in your mature retirement phase.
Career

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Nitin

Nitin Narkhede  |5 Answers  |Ask -

MF, PF Guru - Answered on Sep 11, 2024

Asked by Anonymous - Sep 10, 2024Hindi
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Money
I have 10 lakh rupees which I want invest in MF. Please suggest some fund for lump sum amount to invest for 1 and half years.
Ans: Dear Friend,
Thank you for your query. 1.5 Years is a very short time for getting high returns. Investing Rs 10 lakhs in mutual funds for a short-term horizon of 1.5 years requires a cautious approach. For such small period, you should look for low to moderate-risk funds that offer stability with reasonable returns, as investing in high-risk equity funds might be too volatile for a short time frame. Since your investment horizon is just 1.5 years, avoid high-risk equity mutual funds as they can be volatile in the short term. Check for exit loads and tax implications before investing. Most short-term capital gains (if you withdraw before 3 years) from debt funds are taxed according to your income tax slab.
You have to evaluate your risk Appetite , Short-Term Debt Funds are invested in government securities, corporate bonds, and other debt instruments with short maturities, offering stability and moderate returns. For a 1.5-year investment, these are ideal as they are less volatile. you can expect 5-7% per annum Returns. You can think of
• ICICI Prudential Short Term Fund
• HDFC Short Term Debt Fund
• Axis Short Term Fund
• ICICI Prudential Corporate Bond Fund
• HDFC Corporate Bond Fund
• Aditya Birla Sun Life Corporate Bond Fund.
Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Ramalingam

Ramalingam Kalirajan  |6268 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 11, 2024

Money
Hello Sir, I am Naveen Raja from Chennai. I am investing from Sep 2021 in ELSS SIP. Now I have been stopped due to monthly expenses. Question 1: I want to start again on a daily sip basis to achieve 5 cr in next 10 years suggest me a fund which will give this target amount over 10 years on an average of 20% interest Y-o-Y compunding to the investment amount? Question 2: Also, which I stopped in ELSS SIP - Axis Long term - Growth should I need to continue for a longer period or should take that money and invest in any different hybrid funds ?
Ans: Naveen, thank you for reaching out. Investing in ELSS funds is a good choice, especially considering tax-saving benefits. Stopping your SIPs due to monthly expenses is understandable, but restarting is crucial to achieving your financial goals.

Let’s address your two concerns one by one.

Question 1: Achieving Rs. 5 Crores in 10 Years
You aim to accumulate Rs. 5 crores in the next 10 years, with an expected 20% annual growth. While this is a high target, it’s not impossible. But I must highlight that 20% returns over 10 years are aggressive, and the market may not guarantee such consistent growth. Equity mutual funds, however, can potentially give you strong returns if you stay disciplined.

Steps to Achieve Rs. 5 Crores in 10 Years
Daily SIP Approach:
Daily SIP is a good way to spread out your investments. It allows for better averaging as the market fluctuates daily.

Focus on Equity Mutual Funds:
For such high returns, equity mutual funds are ideal. These funds have a strong track record of delivering long-term growth. However, keep in mind that they come with market risk.

Avoid Setting Unrealistic Return Expectations:
A 20% return every year is optimistic. A more realistic return from equity funds would be around 12% to 15%. Anything beyond that would require consistent high-performing market conditions.

Recommended Strategy
Diversified Equity Funds:
Instead of chasing returns with a single fund, diversify your investments across various equity funds. This reduces risk and ensures balanced growth.

Mid and Small Cap Funds:
These funds offer higher returns but come with more volatility. You can allocate a portion of your investments to these funds for higher growth potential.

Large Cap Funds:
They offer stability. Having some exposure to large-cap funds can help you maintain balance in your portfolio.

Avoid Index Funds:
Index funds might not meet your target as they only track the market. Actively managed funds can provide better returns through stock selection.

Calculating SIP Contribution
Achieving 5 Crores in 10 Years:
If you want to achieve Rs. 5 crores in 10 years, based on a more realistic 12% to 15% annual return, you would need to invest a significant amount every month. A Certified Financial Planner can help you calculate the exact monthly SIP amount based on your goal and risk tolerance.
Question 2: Should You Continue ELSS SIP or Shift to Hybrid Funds?
Your current ELSS investment in Axis Long Term Equity Fund is a tax-saving fund with a 3-year lock-in period. Since you’ve already completed the minimum holding period, you may wonder if it’s wise to continue or switch to a different type of fund.

Assessing ELSS Funds
Tax Benefit:
ELSS funds provide tax benefits under Section 80C. This is a significant advantage if you still need to save tax. Continuing with your ELSS investment can help you keep your tax-saving advantage.

Equity Exposure:
ELSS funds are equity-oriented, which means they have good long-term growth potential. If your goal is to build wealth over time, equity exposure is necessary.

Disadvantages of Switching to Hybrid Funds
Lower Returns:
Hybrid funds invest in a mix of equity and debt, which may offer lower returns compared to pure equity funds. While they are less volatile, their growth potential may not meet your goal of Rs. 5 crores in 10 years.

Not Ideal for High Growth:
If you want aggressive wealth creation, hybrid funds may not be the best fit. Their balanced approach is better suited for those with low to moderate risk tolerance.

What You Should Do
Continue with ELSS:
Since you’ve already started with Axis Long Term Equity Fund, consider continuing for a longer period. ELSS funds provide both tax benefits and growth. You’ve already endured the initial market volatility, and over time, equity funds tend to deliver better returns.

Avoid Hybrid Funds for Now:
If your goal is aggressive wealth creation, hybrid funds might not align with this. Instead, stick to equity funds with a high growth potential.

Final Insights
Set Realistic Expectations:
While you aim for 20% annual returns, the market is unpredictable. A more realistic expectation of 12% to 15% will help you stay grounded and focused.

Daily SIPs Can Be Helpful:
A daily SIP strategy can help you achieve better averaging. However, for high returns, focus on equity funds with a long-term horizon.

Continue Your ELSS Investments:
Since you’ve already invested in Axis Long Term Equity Fund, consider continuing with it. It offers both tax benefits and long-term growth.

Consult with a Certified Financial Planner:
To determine the exact amount you should invest monthly, it’s essential to work with a professional. They can help you build a diversified portfolio aligned with your goals.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Dr Dipankar

Dr Dipankar Dutta  |578 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Sep 11, 2024

Asked by Anonymous - Sep 06, 2024Hindi
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Career
A doctorate from IIT Bombay in Metallurgy and masters from NIT in Manufacturing with 5 years of experience including 2 years in academics and currently working from past 3 years in industry where I work mostly on finite element analyst of forging and bulk extrusion process and New product development as manager heading a team of 5 people. I have working knowledge of 3-4 FE software related to metal forming domain along with ANSYS STRUCTURAL. Despite that I am not getting any interview calls as I am currently looking for a job switch and have put up my profile both on NAUKRI AND LINKEDIN. Some calls are coming to me but that are all irrelevant profiles in which my expertise is not there. I have been trying for the past 6 months but have not got any positive response. Despite such a highly educated person from premier institute and not getting any response is highly depressing. Could you suggest how to apply and where to apply and any other website where I shall make my profile to get a positive response ? I am open to other roles such as metallurgy, product management, operations, vehicle dynamics based CAE etc but companies are just looking for relevant experience and they are rejecting my profile if relevant experience is not found. What to do ? Please advise
Ans: It's understandable that despite your strong qualifications, you're facing challenges in securing relevant interview calls.
Tailor Your Resume: Ensure that your resume is tailored for the specific job roles you are applying to.
Keywords Matter: Use industry-specific keywords on your resume and LinkedIn profile. Recruiters and companies often use Applicant Tracking Systems (ATS) to screen resumes, which rely heavily on keywords.
Take help of professional to restructure your resume suitably.
Beyond Naukri and LinkedIn, explore industry-specific job portals. For your domain, platforms such as EngineerJobs.com, iMetalHub, and MetallurgicalJobs.
Make a list of companies that operate in your domain, then apply of your own.
You can upgrade your skill by doing online courses.
Hope these will help you. Give your feedback.

...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.

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