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

Shekhar Kumar  |145 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 17, 2024

Shekhar Kumar is an HR, talent, and client acquisition leader at Star Engicon Private Limited (SEPL). He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Atul Question by Atul on Mar 21, 2024Hindi
Listen
Career

My daughter has done MBA in finance, also done CMA group one, done, python, Sap, etc, She worked for 6 months in Factset, left due to night shife, past 1.5 years she is searching for job, but unable get job, pls advise

Ans: Thank you for getting in touch with me on Rediff Gurus. Your daughter has a strong educational background in finance, management & technology, and she should now expand her job search beyond online job portals by exploring company websites, industry-specific job boards, and professional associations. Encourage her to target specific companies or industries where her skills and experience are in demand and ask her to follow up on job applications with personalized messages expressing her interest and enthusiasm. While searching for a permanent position, she may also consider temporary or freelance work in her field. It will provide valuable experience, expand her network, and potentially lead to full-time opportunities. She can get work on websites like LinkedIn, Upwork, Freelancer, and Flex Jobs which offers freelance opportunities in finance, consulting, and technology. By leveraging her skills, network, and resources better, your daughter can increase her chances of finding a rewarding job opportunity that aligns with her career aspirations and goals. Please motivate her to stay focused on her core expertise, and keep moving forward in her job search journey. If you have any specific questions or need further advice, feel free to ask me on Rediff Gurus
Career

You may like to see similar questions and answers below

Latest Questions
Aasif Ahmed Khan

Aasif Ahmed Khan   |86 Answers  |Ask -

Tech Career Expert - Answered on Jul 24, 2024

Listen
Career
My son studying in Dual degree Btech + Mtech ELectrical & Electronics Engineering at JNTU hyderabad and BS in DSA online IITM. He is offered 5 yr mtech CSE at Mahindra University hyd. He is intrested in IT. Looking at his intrest can i change the college now.
Ans: Ultimately, the decision should be based on what aligns best with his interests and career aspirations. If he is passionate about IT and computer science, switching to the MTech CSE program at Mahindra University could be a great move. However, it’s important to weigh all factors and make an informed decision.

Have an open conversation with your son about his interests, career goals, and how he feels about the potential switch.
In addition speak with academic advisors at both JNTU Hyderabad and Mahindra University to understand the curriculum, opportunities, and any potential challenges. you can evaluate Long-Term Goals by Consider the long-term career prospects and how each program aligns with his goals.

If your son is more interested in IT and computer science, the MTech CSE program will be more aligned with his career goals, a specialized degree in CSE can open up more opportunities in the IT sector, including roles in software development, data science, and cybersecurity.

Switching programs and colleges can be challenging and might require some adjustment time. Consider how far along he is in his current dual degree program. If he’s already made significant progress, it might be worth weighing the benefits of completing it versus starting anew.

...Read more

Ramalingam

Ramalingam Kalirajan  |5192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 14, 2024Hindi
Listen
Money
I am 30 years now, starting SIP from 2021 Asix small cap 1000, from 2023,November HDFC flexi cap 1500, Kotak emerging mid - 1000 tata small cap 1000 p. m.. As a long term horizon 15:yrs, is it possible to create great wealth, except Stocks...
Ans: Evaluating Your Current Investment Strategy
You are 30 years old and have been investing in SIPs since 2021. Your current SIPs are:

Small Cap Fund: Rs. 1,000 from 2021
Flexi Cap Fund: Rs. 1,500 from November 2023
Mid Cap Fund: Rs. 1,000 from November 2023
Another Small Cap Fund: Rs. 1,000 from November 2023
You have a long-term investment horizon of 15 years.

Potential for Wealth Creation
Investing in mutual funds over a long term can potentially create great wealth.

Compounding Effect: Over 15 years, compounding can significantly grow your investments.

Market Ups and Downs: Long-term investments help you ride out market volatility.

Analyzing Your Investment Choices
Your portfolio focuses on small cap and mid cap funds. These funds are high-risk but offer high returns.

High Growth Potential: Small cap and mid cap funds can outperform large caps in the long term.

Risk Diversification: Including a flexi cap fund helps diversify your investments.

Recommendations for a Balanced Portfolio
To maximize wealth and manage risk, consider further diversification.

Large Cap Funds: Provide stability and steady returns.

Debt Funds: Lower risk and provide regular income, balancing out high-risk investments.

Suggested Monthly SIP Allocation
To balance risk and growth, consider this allocation:

Small Cap Fund: Continue Rs. 1,000
Flexi Cap Fund: Continue Rs. 1,500
Mid Cap Fund: Continue Rs. 1,000
Another Small Cap Fund: Continue Rs. 1,000
Large Cap Fund: Add Rs. 1,500
Debt Fund: Add Rs. 1,000
Benefits of This Diversified Approach
Risk Management: Reduces overall risk by balancing high-risk and low-risk funds.

Stable Returns: Large cap and debt funds provide stability, especially during market downturns.

Growth Potential: Small cap and mid cap funds offer high growth potential over the long term.

Monitoring and Reviewing Your Portfolio
Regularly monitor and review your portfolio to ensure it aligns with your financial goals.

Periodic Review: Assess fund performance and make necessary adjustments.

Consult a CFP: Seek advice from a Certified Financial Planner for personalized investment strategies.

Additional Considerations
Emergency Fund: Maintain an emergency fund to cover at least 6 months of expenses.

Insurance Coverage: Ensure you have adequate health and life insurance.

Final Insights
Your current SIP strategy is promising for long-term wealth creation. By diversifying further into large cap and debt funds, you can manage risk and ensure steady growth. Regularly review your portfolio and consult a Certified Financial Planner for personalized advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 14, 2024Hindi
Listen
Money
I am working in a foreign bank 10 years exp with salary of 40k.have two kids.i pay monthly emi for car,rest for savings and expenses.pls suggest how to do investment.0 idea on investment.plz help
Ans: You have a stable salary of Rs 40,000 per month. Here's a quick summary:

Salary: Rs 40,000
EMI: Monthly car loan EMI
Expenses: For family and kids
Savings: Whatever is left after expenses and EMI
You are looking to invest wisely. Let's break it down into simple steps.

Setting Clear Financial Goals
Emergency Fund:

First, create an emergency fund.
This should cover 6 months of expenses.
Keep this in a savings account or liquid fund.
Children’s Education:

Start a systematic investment plan (SIP) for each child.
This will help build a corpus for their education.
Retirement Planning:

Aim to save for your retirement.
Start investing in diversified equity mutual funds.
Investment Strategy
Systematic Investment Plans (SIP):

Start SIPs in actively managed mutual funds.
Avoid index funds due to their passive nature.
Actively managed funds can offer better returns with professional management.
Diversification:

Invest in a mix of large-cap, mid-cap, and multi-cap funds.
This will spread risk and improve returns.
Debt Funds:

Allocate some money to debt funds for stability.
They are less volatile and provide steady returns.
Life Insurance:

Ensure you have adequate life insurance.
This protects your family in case of any unforeseen events.
Specific Recommendations
Start with SIPs:

Allocate Rs 5,000 each in large-cap, mid-cap, and multi-cap funds.
This ensures diversification and growth.
Emergency Fund:

Set aside Rs 5,000 monthly in a liquid fund.
This builds your emergency fund gradually.
Children’s Education Fund:

Invest Rs 5,000 each in child-specific funds.
This secures their future education needs.
Avoid Direct Funds:

Direct funds lack professional guidance.
Regular funds through an MFD with CFP credential provide better management.
Regular Review and Adjustment
Annual Review:

Review your investments annually.
Adjust based on performance and goals.
Rebalance Portfolio:

Rebalance to maintain desired asset allocation.
This helps manage risk and returns.
Additional Tips
Avoid High-Risk Investments:

Stick to mutual funds and avoid real estate or annuities.
These are more stable and manageable.
Stay Informed:

Read about personal finance and investment strategies.
This helps make informed decisions.
Final Insights
You have a solid start with your savings. By following these steps, you can secure your financial future and achieve your goals. Stay disciplined and regularly review your investments.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Aasif Ahmed Khan

Aasif Ahmed Khan   |86 Answers  |Ask -

Tech Career Expert - Answered on Jul 24, 2024

Listen
Career
Hi, I'm a PCMB student,I got 84023 rank in kcet in engineering section and 49655 in b pharma, 45205 in bsc agriculture, I'm confused whether to take engineering, which are the good colleges for my rank, I'm considering east point college near avalahalli, Hoskote is it good choice for me, or should I choose BCA over engineering in the same college. I'm totally confused
Ans: With a KCET rank of 84023, you might find it challenging to get into the top-tier engineering colleges. However, there are still good options available.

Choosing between BCA and Engineering depends on your interests and career goals:
Engineering: If you have a strong interest in technical subjects and enjoy problem-solving, engineering could be a good fit. It offers diverse career opportunities in various fields like mechanical, electrical, civil, and computer science.
BCA (Bachelor of Computer Applications): If you’re more inclined towards computer science and software development, BCA might be a better choice. It focuses on programming, software development, and IT management, leading to careers in software engineering, IT consulting, and more.

Given your ranks in B.Pharm (49655) and B.Sc Agriculture (45205), you might have better opportunities in these fields compared to engineering. Both fields have promising career prospects:
B.Pharm: Careers in pharmaceuticals, research, and healthcare.
B.Sc Agriculture: Opportunities in agribusiness, research, and government sectors.

Reflect on what subjects and career paths excite you the most, if possible, visit the colleges you’re considering to get a better understanding of their environment and facilities. Reach out to alumni or current students to get insights into the college and its programs.

...Read more

Ramalingam

Ramalingam Kalirajan  |5192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 14, 2024Hindi
Listen
Ramalingam

Ramalingam Kalirajan  |5192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Listen
Money
I am a govt employee. My in hand salary is 35k after deduction of EMI. I have a loan of Rs 10 lac which I am planning to repay in next 4-5 years. My savings are : 5k in provident fund, 5k in life insurance, 3k in mutual funds. Apart from this I have invested Rs 10 lac in equity. I want to retire by 2030. My goal is to reach the mark of Rs 1 Cr. Please guide how can I achieve it?
Ans: Current Financial Situation
You have a good start with savings and investments. Here’s a summary:

In-Hand Salary: Rs 35,000 (after EMI deduction)
Loan: Rs 10 lakh (to be repaid in 4-5 years)
Savings:
Provident Fund: Rs 5,000 per month
Life Insurance: Rs 5,000 per month
Mutual Funds: Rs 3,000 per month
Equity Investment: Rs 10 lakh
Retirement Goal: Rs 1 crore by 2030
Loan Repayment Plan
Repay Loan Strategically:

Prioritise loan repayment to reduce interest burden.
Allocate a fixed amount monthly towards EMI.
Ensure it doesn’t affect essential expenses and savings.
Increase EMI if Possible:

Increase your EMI payment when you get increments.
This will help you repay the loan faster and save on interest.
Savings and Investment Plan
Provident Fund:

Continue contributing Rs 5,000 per month.
It’s a secure investment with stable returns.
Life Insurance:

Ensure your life insurance covers your family’s needs.
It’s essential for financial security.
Mutual Funds:

Increase your SIPs in mutual funds to Rs 5,000 per month.
Focus on actively managed funds for better returns.
Avoid direct funds as they lack professional guidance.
Equity Investments:

Continue your equity investments.
Diversify your portfolio to include large, mid, and small-cap funds.
Avoid index funds as they are passively managed.
Actively managed funds can potentially offer higher returns.
Additional Investment Options
Balanced Advantage Funds:

Invest in balanced advantage funds.
These funds provide a mix of equity and debt.
They offer stability and growth.
Systematic Investment Plan (SIP):

Start new SIPs in actively managed funds.
Allocate Rs 2,000 each to large, mid, and small-cap funds.
Multi-Asset Funds:

Consider investing in multi-asset funds.
These funds diversify across equity, debt, and other assets.
They help in risk management.
Regular Review and Rebalancing
Annual Review:

Review your portfolio annually.
Ensure it aligns with your financial goals.
Rebalance Portfolio:

Rebalance your portfolio based on market conditions.
Shift investments to maintain desired asset allocation.
Achieving Retirement Goal of Rs 1 Crore
Target Returns:

Aim for a mix of stable and high-return investments.
Focus on long-term growth.
Increase SIPs Gradually:

Increase your SIP contributions as your income grows.
This helps in accumulating a larger corpus.
Emergency Fund:

Maintain an emergency fund for unexpected expenses.
This ensures your investments remain untouched.
Final Insights
You have a solid financial foundation. Focus on repaying your loan efficiently and increasing your SIPs in actively managed funds. Regularly review and rebalance your portfolio to stay on track. By following this strategy, you can achieve your retirement goal of Rs 1 crore by 2030.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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