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Mayank

Mayank Kumar  |189 Answers  |Ask -

Education Expert - Answered on Apr 10, 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
Goutam Question by Goutam on Mar 23, 2023Hindi
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I am concerned about my career.lam confused which stream I should take in 11th class?

Ans: Goutam, it's okay to be concerned but you need to be able to ask yourself a few questions on what interests you? What subject areas do you enjoy studying? There are a number of options available today and choosing a stream will help you with some clarity on what could be a potential job opportunity for you in the future.
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Sushil

Sushil Sukhwani  |327 Answers  |Ask -

Study Abroad Expert - Answered on May 17, 2023

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Sir,i am actually way more confused in which stream to choose after my 12th..iam just interested in too many things..and i just feel like i don't have a proper path to move on..i want to continue my studies after degree abroad..and it's just that i don't know what would be best to choose gor degree.
Ans: Hello Yumi,

To begin with, thank you for contacting us. After completing your 12th grade, selecting a field of study might be difficult, especially if you have a variety of interests. Many others experience similar difficulties, so it's normal to feel perplexed at this point. We completely comprehend, and we want you to know that you are not alone. Following the completion of your degree, consider the following ideas to aid in your decision-making and set you on the right course:

1. Self-reflection: Spend some time thinking about your hobbies, qualities, and long-term objectives. Think about the things that really interest you and where you envision yourself in the future. Consider your favourite skills and the professions that share your interests.

2. Investigate and learn: Investigate several professions that fit your interests. Find more about the educational requirements, employment outlook, and career development options for various professions. Talk to experts in such fields or seek advice from career counselors who can offer insightful analysis.

3. Set your priorities: While having a variety of interests is fantastic, it can be useful to rank them according to your level of excitement and long-term objectives. Think about the professions that give greater opportunity to study abroad or that have better chances to advance globally. Selecting a stream that integrates some of your interests or allows you to study interdisciplinary topics may be advantageous.

4. Seek counsel and direction: Speak to the people who know you best, viz. your parents, professors, and mentors. Talk to them about your goals and concerns. Using their expertise and knowledge, they can provide advice.

5. Take the aptitude: Examine your academic accomplishments and areas for improvement. Study overseas consultants in general are aware of the challenges students experience while choosing a course of study for higher education. An aptitude test and a program called the APP for career guidance is conducted in order to meet these expectations. Evaluate your knowledge, academic standing, and your preferred subjects of study.

6. Examine your possibilities for studying abroad: Consider international schools or institutions that have courses that interest you. Look at their eligibility requirements, financial aid options, and any requirements for international students. Speaking with educational experts who focus on assisting students with their international studies may also be beneficial. We'd be happy to help you if you could provide us with your contact information.

Remember that your degree choice is not final; many people change careers or continue their education in later life. It's important to pick a career path that appeals to you right now and offers a strong basis for your future endeavours. Trust your gut, learn as much as you can, and decide based on what seems right for you.

For more information, you can visit our website.
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Asked by Anonymous - Nov 16, 2023Hindi
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Can i invest 20 lakh in mutual fund on my daughter 27 yrs name from my income
Ans: Yes, you can invest in mutual funds on behalf of your daughter, even if she is 27 years old, using your income. However, it's essential to understand a few points:

Gift Tax Implications: Transferring funds to your daughter's name may have gift tax implications. In India, any gift received by an individual exceeding Rs. 50,000 in a financial year is taxable under the Income Tax Act. However, gifts from specified relatives, including parents to their children, are exempt from tax.
Legal Ownership: Once the investment is made in your daughter's name, she becomes the legal owner of the funds. While you can manage the investments on her behalf, she will have control over the assets once she comes of age.
Financial Independence: Investing in your daughter's name can be a great way to secure her financial future and promote financial independence. It can also help her start building wealth at a young age.
Investment Strategy: Consider your daughter's financial goals, risk tolerance, and investment horizon when selecting mutual funds. Ensure that the chosen funds align with her objectives and are suitable for her age and financial situation.
Before proceeding, it's advisable to consult with a Certified Financial Planner or tax advisor to understand the tax implications and ensure compliance with relevant regulations. They can provide personalized guidance based on your specific circumstances and goals.
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

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Hello Hardik ji, hope you’re doing good. I have the following MFs running (except SBI, all are barely 6 months old) for which I want your advice and guidance on change of scheme or reshuffling of amount or whatever. SBI Contra: 15k per month SBI Small Cap: 20k per month SBI Equity Hybrid: 5k per month Quant Small Cap: 25k per month Quant Mid Cap: 10k per month Quant Flexi Cap: 8k per month Tata Digital India Fund: 12k per month Nippon India Growth: 5k per month Nippon India Nifty Smallcap 250: 2.5k per month Parag Parikh Flexi Cap: 7k per month Motilal Oswal Nasdaq 100: 5k per month ICICI Technology: 5k per month ICICI Transportation & Logistics Fund: 2.5 k per month HDFC Transportation & Logistics Fund: 5k per month UTI Flexi Cap: 5k per month Total investment: 1.34 Lac per month My goal is to create a corpus of about 3 cr in next 7 yrs. please suggest if I’m on the right track. Recently I did the portfolio balancing and terminated Axis MF schemes as they were not yielding good returns. Btw, my existing investments in MFs have already created a corpus of 30L.
Ans: It's great to see your proactive approach to investing in mutual funds. Your diversified portfolio reflects a mix of large-cap, mid-cap, small-cap, sectoral, and international funds, which is a good strategy for potential growth. However, it's essential to periodically review your portfolio to ensure it remains aligned with your financial goals and risk tolerance.

Here are a few suggestions:

Consolidation: With such a large number of funds, consider consolidating your holdings to reduce complexity and streamline your portfolio. Focus on high-performing funds with strong track records and consistent returns.
Risk Management: Given your goal to create a corpus of 3 crores in 7 years, ensure that your portfolio reflects an appropriate balance between growth potential and risk. Consider rebalancing your allocation towards funds with proven performance and lower volatility.
Regular Monitoring: Keep a close eye on the performance of your funds and be prepared to make adjustments as needed. If any funds consistently underperform or fail to meet your expectations, consider replacing them with better-performing alternatives.
Goal Alignment: Continuously assess whether your investment choices are in line with your financial goals, time horizon, and risk appetite. Adjust your strategy accordingly to ensure you're on track to achieve your target corpus of 3 crores.
Overall, it seems like you're on the right track with your investments, but a periodic review with the help of a Certified Financial Planner can provide valuable insights and ensure your portfolio remains optimized for achieving your financial goals. Keep up the good work and stay focused on your long-term objectives!
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

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Hi, I am 52 years old and want to retire at the age of 60. I currently invest Rs 10,000 in three MFs (33% each) - - FRANKLIN INDIA FEEDER - FRANKLIN U.S. OPPORTUNITIES FUND - GROWTH - ICICI PRUDENTIAL US BLUECHIP EQUITY FUND - GROWTH - MOTILAL OSWAL NASDAQ100 FUND OF FUND - REGULAR - GROWTH The purpose of this investment is to get good returns. Can I continue to invest? My risk profile is high.
Ans: Given your risk profile and investment horizon, investing in international funds like the ones you've mentioned can offer diversification and potential for higher returns. However, it's essential to consider a few factors:

Performance: Assess the historical performance of the funds and compare them with relevant benchmarks and peers. Ensure they have consistently outperformed over the long term.
Fund Objectives: Understand the investment objectives and strategies of each fund. Ensure they align with your financial goals and risk tolerance.
Risk Management: International funds, especially those investing in the US market, can be subject to currency risk, geopolitical events, and regulatory changes. Be prepared for higher volatility compared to domestic funds.
Diversification: Review your overall investment portfolio to ensure proper diversification across asset classes and geographical regions. Don't overly concentrate your investments in international funds.
Regular Review: Continuously monitor the performance of your investments and periodically review your portfolio to make adjustments as needed based on changing market conditions and your financial goals.
Considering these factors, if the international funds you've chosen have a strong track record and align with your risk profile and investment objectives, continuing to invest in them can be a viable option. However, it's always prudent to consult with a Certified Financial Planner to ensure your investment strategy is well-suited to your individual circumstances and goals.
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Asked by Anonymous - Nov 02, 2023Hindi
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Hello Sir, I am new to Mutual Fund Investement. I had Axis Blue Chip Fund SIP for Past 3 years and I got only 2% return. This year I have started SIP of 10K each in Nippon India Small Cap Fund and Quant Small Cap Fund. In Past 8 Months For 1.6 Lakhs I am getting a return of 10%. I have some lumpsum to be invested and I want to invest in MF and start SIP on the same for around 1 Lakh in addition to 20 K. Can you suggest some large cap, mid cap, flexicap and small cap fund to get an average return of 12% to 15% pa. These are some of the fund I have short listed. Can you please guide me. Aditya Birla Sun Life Flexi Cap Fund Aditya Birla Sun Life Pure Value Fund HSBC Small Cap Fund HSBC Value Fund ICICI Prudential Equity & Debt Fund ICICI Prudential Value Discovery Fund Parag Parik Flexicap Fund Kotak Flexicap Fund Mirae Asset Emerging Bluechip Fund Nippon India Multi Cap Fund?Growth Plan
Ans: It's fantastic to see your proactive approach towards mutual fund investments! As you delve deeper into the world of mutual funds, it's crucial to select funds that align with your financial goals and risk tolerance. When considering funds for your portfolio, focus on factors like fund track record, consistency of performance, fund manager expertise, expense ratio, and risk-adjusted returns.

Diversification across different categories like large-cap, mid-cap, and flexi-cap funds can help mitigate risk and optimize returns. However, always remember that past performance is not indicative of future results, so it's essential to conduct thorough research and consult with a Certified Financial Planner before making investment decisions.

By diversifying your portfolio and staying disciplined in your investment approach, you're well-positioned to achieve your financial goals over the long term. Keep learning, stay informed, and adapt your strategy as needed to navigate the dynamic investment landscape with confidence and resilience.
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Asked by Anonymous - Nov 01, 2023Hindi
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I want to start SIP of around 15K -20K (10% step up every year). what are good funds? I am 35 and continue this for next 20 years. Goal is higher education of my kid and retirement.
Ans: Starting SIPs for your child's higher education and retirement at 35 is a proactive step towards securing your family's financial future. Here's a suggested approach for selecting suitable mutual funds:

Diversified Equity Funds: Begin with diversified equity funds that offer exposure to a mix of large-cap, mid-cap, and small-cap stocks. These funds provide growth potential over the long term while spreading out the risk.
Large-Cap Funds: Invest a portion of your SIP amount in large-cap funds, which invest in established companies with stable growth prospects. These funds offer relatively lower risk compared to mid and small-cap funds.
Mid-Cap and Small-Cap Funds: Allocate a portion of your SIP amount to mid-cap and small-cap funds to capitalize on their potential for higher growth. These funds can generate significant returns over a longer investment horizon but come with higher volatility.
Balanced Funds: Consider allocating some portion of your SIP amount to balanced funds, which invest in a mix of equity and debt instruments. Balanced funds offer a more conservative approach while still providing exposure to equity markets.
Index Funds: Include index funds in your portfolio for cost-effective exposure to broader market indices like Nifty 50 or Sensex. These funds have lower expense ratios and can serve as a core holding in your portfolio.
Review and Adjust: Regularly review your portfolio's performance and make adjustments as needed based on changes in your financial goals, risk tolerance, and market conditions.
When selecting specific funds, consider factors like fund track record, consistency of performance, fund manager expertise, expense ratio, and risk-adjusted returns. It's also essential to diversify your investments across different fund houses to mitigate concentration risk.

Remember, investing for the long term requires discipline, patience, and periodic review. Consult with a Certified Financial Planner to tailor your investment strategy to your specific goals and risk profile.
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Asked by Anonymous - Oct 30, 2023Hindi
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Ramalingam

Ramalingam Kalirajan  |1009 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

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Sir I am Anant 47 years old . My SIP Total 20,000/-pm. I have need the money in year 2029. My sip are... HDFC Midcap Opp Fund -Rs. 4000, Nippon Indi Small Cap-Rs. 4000, Motilal Oswal Microcap Index Fund- Rs.2500/-, UTI transport & Logistic Fund -Rs.3000/- , UTI Small Cap- Rs.2000/-, Mirea Asset Emerging Blue chip-2500/- Parag Parikh Flaxi Cap- Rs.2000/- You are requested to inform us the return of the above funds and Corpus. @ with warm regards
Ans: Anant, it's great to see you're diligently investing through SIPs for your future financial needs. Let's discuss the potential returns and corpus you can expect from your investments based on historical performance and assuming a growth rate.

HDFC Midcap Opportunities Fund: This fund primarily invests in mid-cap stocks, which tend to offer higher growth potential but also come with increased volatility. Historically, mid-cap funds have delivered average returns of around 12-15% per annum over the long term.
Nippon India Small Cap Fund: Small-cap funds like this one have the potential to provide significant growth over the long term, but they also carry higher risk. Historically, small-cap funds have delivered average returns of around 15-18% per annum over the long term.
Motilal Oswal Microcap Index Fund: This fund aims to replicate the performance of the Nifty Microcap 250 Index. Historically, index funds have delivered returns similar to the underlying index, which typically ranges from 12-15% per annum over the long term.
UTI Transport & Logistics Fund: This sectoral fund focuses on companies in the transport and logistics sector. Sectoral funds can be more volatile and carry higher risk. Historically, sectoral funds have delivered returns ranging from 10-15% per annum over the long term, depending on the sector's performance.
UTI Small Cap Fund: Similar to Nippon India Small Cap Fund, this fund primarily invests in small-cap stocks. Historically, small-cap funds have delivered returns similar to Nippon India Small Cap Fund.
Mirae Asset Emerging Bluechip Fund: This fund invests in a mix of large-cap, mid-cap, and small-cap stocks with a focus on growth-oriented companies. Historically, such diversified equity funds have delivered average returns of around 12-15% per annum over the long term.
Parag Parikh Flexi Cap Fund: Flexi-cap funds like this one offer flexibility to invest across market capitalizations based on market conditions. Historically, flexi-cap funds have delivered average returns of around 12-15% per annum over the long term.
Please note that these are historical returns and future performance may vary. Also, the final corpus depends on various factors like the actual returns achieved, the duration of investment, and the consistency of your SIPs. For a more accurate projection, consider consulting with a Certified Financial Planner who can provide personalized advice based on your specific financial goals and risk tolerance.
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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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