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Aashish

Aashish Sood  |100 Answers  |Ask -

CAT, Management Expert - Answered on May 26, 2023

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Avinash Question by Avinash on May 24, 2023Hindi
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My daughter studying in XII standard Commerce is interested in Fashion designing. Can you suggest some good institutes in and around Delhi NCR and Jaipur

Ans: Here are some reputed institutes in and around Delhi NCR in fashion designing:

National Institute of Fashion Technology (NIFT), Delhi: NIFT is one of the premier institutes for fashion designing in India, with its Delhi campus being highly esteemed. It offers undergraduate and postgraduate programs in fashion designing.

Pearl Academy, Delhi/Noida: Pearl Academy is a renowned institution offering various programs in fashion designing, including undergraduate, postgraduate, and diploma courses. It has campuses in Delhi and Noida.

JD Institute of Fashion Technology, Delhi: JD Institute is a well-established institute that offers diploma and undergraduate programs in fashion designing. It has a campus in Delhi.

Northern India Institute of Fashion Technology (NIIFT), Mohali: Although located in Mohali, Punjab, NIIFT is relatively close to Delhi NCR. It offers courses in fashion designing and related fields.

Footwear Design and Development Institute (FDDI), Noida: FDDI is a premier institute specializing in footwear design and development. It offers undergraduate and postgraduate programs in various aspects of footwear design.

In Jaipur, you may consider the following institutes:

National Institute of Fashion Technology (NIFT), Jodhpur: NIFT has a campus in Jodhpur, which is relatively close to Jaipur. It offers undergraduate and postgraduate programs in fashion designing.

Arch Academy of Design, Jaipur: Arch Academy is a renowned design institute in Jaipur, offering undergraduate and postgraduate courses in fashion design, jewelry design, and other design disciplines.
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Harsh

Harsh Bharwani  |56 Answers  |Ask -

Entrepreneurship Expert - Answered on Feb 27, 2023

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My daughters is in 12 with humanities. She is interested in designing- product designing Give few option of best private institute in india and abroad Is it a promising field or vfx is better .
Ans: There are private institutes in India that offer programs in product design and VFX, and the best option to consider is:

Gaming and Metaverse Design: This has to be the best course for your daughter. It's one of the 1st ever industry-certified gaming & metaverse design course. The course will teach both product design and VFX so once your daughter graduates from the course, you can take the decision or let her decide which one out of the 2 to choose.

The course also comes with a 100% job guarantee and is in a fast-growing industry. The metaverse industry is expected to become a $1 trillion industry by 2030 so getting your daughter early into this reap rewards in the long term.

In terms of whether product design or VFX is a better field, it ultimately depends on your daughter's interests and career goals. Both fields have promising career prospects in the Metaverse industry and offer unique opportunities for creative expression.

Product design would involve designing virtual or immersive environments in metaverse platforms like Roblox or Decentraland, creating mini-games in Metaverses, and creating Augmented or virtual reality experiences and/or NFTs (non-fungible tokens).

VFX involves creating special effects and animations in virtual environments. If your daughter is interested in both fields, she may want to consider enrolling in the course - "Gaming and Metaverse Design" to explore both these options. Learning about both or doing an internship will help the both of you to decide which route to take.
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Harsh

Harsh Bharwani  |56 Answers  |Ask -

Entrepreneurship Expert - Answered on May 25, 2023

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Hi! My daughter is 12th standard with Mathematics, Physics and Chemistry. She wants to pursue degree program in Fashion Designing. Please let me know the best institutes for Fashion Designing degree program and also the career prospects in this field.
Ans: Thank you for reaching out and expressing your daughter's interest in pursuing a degree program in Fashion Designing. It's wonderful to see her passion and enthusiasm for the field. I understand the importance of guiding students towards the right educational institutes and helping them make informed career choices.
When it comes to Fashion Designing, there are several renowned institutes in India that offer excellent degree programs. Here are some of the best institutes for Fashion Designing degree programs:
National Institute of Fashion Technology (NIFT): NIFT is a premier institute dedicated to fashion education and research. It has multiple campuses across India and offers undergraduate and postgraduate programs in Fashion Design, Textile Design, and more.
National Institute of Design (NID): NID is renowned for its comprehensive design education. While it primarily focuses on industrial and product design, it also offers fashion-related programs that integrate design thinking with fashion aesthetics.
Pearl Academy: Pearl Academy is a leading institute that offers undergraduate and postgraduate programs in Fashion Design, Communication Design, and other creative disciplines. It has campuses in Delhi, Mumbai, Jaipur, and Noida.
Symbiosis Institute of Design (SID): SID, under the umbrella of Symbiosis International University, offers a Bachelor of Design program in Fashion Communication, Fashion Design, and other design specializations.
National Institute of Fashion Design (NIFD): NIFD is a reputed institute that offers a wide range of fashion-related programs, including a Bachelor's degree in Fashion Designing.
These institutes have established themselves as leaders in the field of fashion education, and their programs provide a comprehensive mix of practical training, industry exposure, and theoretical knowledge.
In terms of career prospects in the field of Fashion Designing, there are several opportunities for talented individuals. Some potential career paths include:
Fashion Designer: Designing and creating clothing, accessories, and footwear for various segments of the fashion industry.
Fashion Stylist: Collaborating with clients or brands to curate fashion looks for photoshoots, events, or personal styling.
Fashion Illustrator: Creating visual representations of fashion ideas through sketches or digital illustrations.
Fashion Merchandiser: Managing the buying and selling of fashion products, analyzing market trends, and coordinating with manufacturers and retailers.
Fashion Entrepreneur: Establishing one's own fashion label or brand, from designing and production to marketing and sales.
The fashion industry offers a dynamic and evolving environment, and with creativity, dedication, and industry knowledge, your daughter can carve a successful career in this field.
I would also encourage her to explore internships, participate in fashion shows, and build a strong portfolio, as these experiences can enhance her practical skills and open doors to exciting opportunities in the industry.
I wish your daughter all the best in her pursuit of a degree in Fashion Designing and her future career. Should you have any further questions or require additional guidance, please feel free to reach out.
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Sushil

Sushil Sukhwani  |327 Answers  |Ask -

Study Abroad Expert - Answered on Nov 22, 2023

Asked by Anonymous - Aug 02, 2023Hindi
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My daughter is studying at nift gandhinagar Textile design third year. Fornmaster whichbare the best indian and abroad institute. Should she work for 1 year then go for masters .what do u suggest
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am glad to know that your daughter is studying Textile Design at NIFT Gandhinagar, and is currently in the third year. To answer your question first, I would like to inform you that we only deal with overseas education. As an answer to your query, you would be happy to know that there exist a number of outstanding universities that offer Textile Design overseas, viz., Rhode Island School of Design in the USA, Central Saint Martins in the UK, and the Royal College of Art in London. Next, pertaining to your question as to whether your daughter should work for a year prior to pursuing a Master’s degree, I would like to tell you that doing so can not only offer your daughter relevant hands-on experience, but also a defined career trajectory. This gap year will enable your daughter to hone her passion/interests and establish a robust portfolio, which can prove beneficial when she applies to prestigious master's programs. Not just that, while acquiring professional experience, your daughter can become aware of the particular fields of interest within textile design, which in turn, can assist her in opting for a program that best resonates with her professional ambitions.

For more information, you can visit our website.
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Ramalingam

Ramalingam Kalirajan  |995 Answers  |Ask -

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

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My age is 43 and I an investing in below MF for last 5 years .I retire at 58 and I have a daughter of 3 .I target to accumulate at least 4-5cr by retirement for my daughters marriage and retirement. Will the below investment help me or should I I change my mutual funds? I can invest 40K a month totally in Mutual Funds. Axis Blue chip Fund -2500 per month Canara Robeco Blue Chip Equity Fund -5000 per month LIC MF LARGE AND MIDCAP FUND -3500 per month Fund Mirae Asset Emerging Bluechip Fund 2000 -2500 Per month Axis Small Cap Fund - 4000 per month SBI Contra Fund -3000 Per month Since last 1 year investing in HDFC Balanced Advantage fund -4000 per month Quant Absolute fund - 3000 per month Besides the above I also have a term life insurance of 1.25cr and also tax savings MF @6K per month ( for last 10 yrs)and LIC policy of 10Lacs.
Ans: You've demonstrated foresight in planning for your daughter's future and your retirement. However, it's essential to periodically review and adjust your investment strategy to ensure it aligns with your goals. As a Certified Financial Planner, I appreciate your dedication to securing your family's financial well-being.

Consider reassessing your mutual fund portfolio to ensure diversification, risk management, and alignment with your time horizon. Evaluate the performance of your current funds and consider factors like fund size, expense ratio, and fund manager track record.

Additionally, continue prioritizing contributions towards your retirement and daughter's marriage goals. Regularly review your financial plan and make adjustments as needed to stay on track towards achieving your targets.

Remember, investing is a dynamic journey, and adapting to changing circumstances is key. Consult with a Certified Financial Planner for personalized guidance tailored to your specific needs and aspirations. Keep nurturing your financial plan with care and diligence, and you'll pave the way for a secure and prosperous future for your family.
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Ramalingam

Ramalingam Kalirajan  |995 Answers  |Ask -

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

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Hi, I have Commercial Property Loan of 7 lakhs with interest rate 11.5%, Right now interest is going aprox 40% of EMI, I have extra funds, so can I repay all loan amount or invest same amount in MF instead?
Ans: Deciding whether to repay your commercial property loan or invest the extra funds in mutual funds requires careful consideration of several factors. Here's a breakdown to help you make an informed decision:

Interest Rate on Loan: With an interest rate of 11.5%, your loan is relatively high-cost compared to potential returns from investments in mutual funds.
EMI Breakdown: Currently, around 40% of your EMI is going towards interest payments. By repaying the loan, you can eliminate this interest burden and potentially save money in the long run.
Investment Returns: While investing in mutual funds may offer the potential for higher returns compared to your loan interest rate, it also carries risks. Market fluctuations can impact investment returns, and there are no guarantees of achieving desired outcomes.
Risk Tolerance: Consider your risk tolerance and investment horizon. If you're comfortable with the risks associated with mutual fund investments and have a long-term investment horizon, investing in MFs may be suitable.
Financial Goals: Evaluate your financial goals and priorities. If becoming debt-free and reducing financial liabilities is a priority for you, repaying the loan may provide peace of mind and financial security.
Tax Implications: Assess the tax implications of both options. Loan repayment may not offer any tax benefits, while investments in certain mutual funds may qualify for tax deductions or exemptions.
Ultimately, the decision depends on your individual circumstances, risk appetite, and financial goals. Consider consulting with a Certified Financial Planner to evaluate the pros and cons of each option and determine the most suitable course of action based on your specific situation.
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Ramalingam

Ramalingam Kalirajan  |995 Answers  |Ask -

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

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What kind of Mutual Funds are best for Short term period (6 month to 1year) better than FD?
Ans: For short-term investment horizons of 6 months to 1 year, mutual funds that prioritize capital preservation and liquidity while aiming for higher returns than fixed deposits (FDs) are ideal. Here are some types of mutual funds that you can consider:

Liquid Funds: These funds invest in short-term money market instruments such as treasury bills, commercial papers, and certificates of deposit. Liquid funds offer high liquidity and typically provide slightly higher returns compared to FDs.
Ultra Short Duration Funds: Similar to liquid funds, ultra short duration funds invest in short-term debt instruments but with a slightly longer duration. They offer relatively higher returns than liquid funds while maintaining low interest rate risk.
Low Duration Funds: Low duration funds invest in a mix of short-term debt securities with a duration slightly higher than ultra short duration funds. They offer potentially higher returns than liquid and ultra short duration funds but with slightly higher risk.
Money Market Funds: Money market funds invest in short-term, highly liquid instruments like treasury bills, commercial papers, and call money. They provide stability and liquidity, making them suitable for short-term investments.
Overnight Funds: Overnight funds invest in securities with a maturity of one day, offering the highest liquidity and lowest risk among debt mutual funds. They are suitable for very short-term investments and provide returns comparable to liquid funds.
Before investing, consider factors like your risk tolerance, investment goals, and liquidity needs. While these mutual funds offer higher potential returns than FDs in the short term, they also carry some level of risk. It's essential to conduct thorough research or consult with a Certified Financial Planner to choose funds that align with your financial objectives and risk profile.
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Moneywize

Moneywize   |99 Answers  |Ask -

Financial Planner - Answered on Apr 30, 2024

Asked by Anonymous - Apr 18, 2024Hindi
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I have Rs 1.2 crore in my bank account. My wife earns Rs 80,000 per month and I earn Rs 2 lakh per month. We have three children – two daughters and one son – who will need approximately 10 to 15 lakh each for their higher studies 7 to 12 years from now. How shall I go about meeting my children’s education goal and also plan for my retirement. My wife and I have about 15 and 7 years for our retirement.
Ans: It's great that you're thinking ahead for your children's education and your retirement! Here's a suggested plan to meet your goals:

1. Children's Education Fund:

• Since you have 7 to 12 years for your children's higher education, you can invest in relatively aggressive investment options like mutual funds or diversified equity funds. These have the potential to offer higher returns over the long term.
• Allocate a portion of your savings every month towards this goal. Considering inflation and assuming an average annual return of 10%, you would need to invest roughly Rs 20,000 to Rs 25,000 per month to accumulate the desired amount for each child's education.

2. Retirement Planning:

• Since you and your wife have 15 and 7 years left for retirement respectively, you'll want to focus on building a retirement corpus.
• Consider investing in a mix of equity and debt instruments to balance risk and returns. You can invest in mutual funds, provident funds, and Public Provident Fund (PPF) for a balanced portfolio.
• Aim to save at least 15-20% of your combined monthly income for retirement. Considering your current earnings, you can aim to save around Rs 50,000 to Rs 60,000 per month for retirement.

3. Asset Allocation:

Since you have a relatively long investment horizon for both goals, you can afford to have a higher allocation towards equities for potentially higher returns. As you approach your retirement age, gradually shift towards more conservative investment options to preserve capital.

4. Emergency Fund:

Make sure to maintain an emergency fund equivalent to 3-6 months of your combined living expenses. This fund should be readily accessible in case of unexpected expenses or emergencies.

5. Regular Review:

Regularly review your investment portfolio and make adjustments as needed based on changes in your financial situation, market conditions, and investment goals.

6. Professional Advice:

Consider consulting with a financial advisor to tailor a plan specific to your financial goals, risk tolerance, and investment preferences.

By following this plan diligently and investing consistently over the years, you should be well-prepared to meet your children's education expenses and enjoy a comfortable retirement.
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Ramalingam

Ramalingam Kalirajan  |995 Answers  |Ask -

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

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Kirtan Sir I am investing Monthly, in below SIP. Axis Blue-chip Fund Direct Plan Growth - Rs. 1000.00 Canara Robeco Emerging Equites Fund - Rs. 1000.00 SBI Blue-chip Direct Plan - Rs.1000.00 ICICI Pru. Technology Direct Plan - Rs. 2000.00 Kotak Emerging Equity Fund - Rs. 1000.00 UTI Flexi Cap Fund - Rs. 1000.00 Nippon India Small Cap Fund - Rs.1000.00 Mirae Asset Emerging Bluechip Fund - Rs. 1000.00 Axis Growth Opportunities Fund - Rs. 1000.00 Parag Parikh Flexi Cap Fund - Rs.1000.00 HDFC Index Fund Nifty 50 Plan - Rs 1000.00 DSP Flexi Cap Fund - Rs. 10000.00 Franklin India Opportunities Fund - One Time Invested Rs. 4,00,000.00 Please suggest can i continue with this fund. Also, How Much Corpus Generate after 20 years with this fund.
Ans: Your current SIP portfolio showcases a diversified mix of funds across various categories, including large-cap, mid-cap, small-cap, flexi-cap, and index funds. Each fund serves a specific purpose and contributes to the overall diversification of your portfolio.

To determine whether you should continue with these funds, consider the following:

Fund Performance: Evaluate the past performance of each fund, considering factors like consistency, returns generated, and volatility. Monitor how the funds have performed relative to their benchmarks and peer group.
Fund Objectives: Assess whether the objectives of each fund align with your investment goals and risk tolerance. Ensure that the funds you've chosen are suitable for your financial objectives and time horizon.
Portfolio Rebalancing: Periodically review your portfolio and rebalance if necessary to maintain your desired asset allocation and risk profile. Consider reallocating funds from underperforming or overlapping funds to better-performing ones.
Regarding the corpus generated after 20 years, predicting exact returns is challenging due to market uncertainties. However, you can use online calculators or consult with a financial advisor to estimate the potential corpus based on your monthly SIP amounts, expected returns, and investment duration.

Remember, investing is a long-term journey, and staying disciplined, diversified, and informed is key to achieving your financial goals. Consider seeking advice from a Certified Financial Planner for personalized guidance tailored to your specific circumstances and objectives.
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Ramalingam

Ramalingam Kalirajan  |995 Answers  |Ask -

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

Asked by Anonymous - Dec 02, 2023Hindi
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Hi Kirtan, I already have SIP in PPFAS Flexicap, Axis Small Cap, CR Flexicap, Kotak Emerging, SBI Magnum Midcap. Now I have 3-4 lakhs which I plan to invest in an equity fund. Can I invest in Nippon India Multicap Fund via STP from a debt fund ? If yes, which debt fund will be good for STP over a period of 2-3 years. Is this new investment a good idea or I should invest in my exisiting MF's. Please advise.
Ans: Your portfolio already reflects a diversified mix of equity funds across different market segments, which is great. As for your new investment, Nippon India Multicap Fund is a reputable option, and using a Systematic Transfer Plan (STP) from a debt fund can be a smart way to gradually move your funds into equities.

For the debt fund, consider options like Liquid Funds or Ultra Short Duration Funds, which offer stability and liquidity while generating modest returns. Popular choices include SBI Liquid Fund or HDFC Ultra Short Term Fund.

Before proceeding, evaluate if adding another equity fund aligns with your overall investment strategy and risk tolerance. Also, assess if you have any gaps in your existing portfolio that Nippon India Multicap Fund can fill.

Ultimately, the decision depends on your financial goals, risk appetite, and investment horizon. If you're comfortable with the strategy and it complements your existing portfolio, investing via STP into Nippon India Multicap Fund can be a prudent move. However, if you're uncertain, it's wise to consult with a Certified Financial Planner for personalized advice tailored to your specific circumstances.
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Ramalingam

Ramalingam Kalirajan  |995 Answers  |Ask -

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

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I'll give some details in brief about myself and my goals in points. 1) I am 28 presently working in PSU(Bank) unmarried. 2)I've started sip last month with 20k(2 small cap, 2 flexicap, 1 Midcap, 1 largecap fund). 3)my goal is to reach corpus of 1 crore in 15 years. 4) I want your guidance in achieving my goal. 5)presently I have not taken any loans so no EMI , also I've started RD of 7k per month.
Ans: It's fantastic that you're proactively planning for your financial future at such a young age. Here's a tailored guidance based on your details:

Start Early Advantage: Your decision to start SIPs and an RD at 28 is commendable. Starting early gives you a significant advantage in wealth accumulation due to the power of compounding.
Diversification: Your portfolio of SIPs in small-cap, flexi-cap, mid-cap, and large-cap funds shows good diversification across different segments of the market. Continue monitoring the performance of these funds and consider rebalancing if needed.
Goal Clarity: Your goal of reaching a corpus of 1 crore in 15 years is specific and measurable, which is crucial for effective financial planning. Keep reviewing your progress towards this goal periodically and make adjustments as necessary.
Regular Review: Stay updated with the performance of your investments and periodically review your financial plan. Consider increasing your SIP contributions over time as your income grows or if you have surplus funds.
Emergency Fund: Ensure you have an emergency fund set aside to cover unexpected expenses or financial setbacks. Aim to build an emergency fund equivalent to 6-12 months of your living expenses.
Stay Informed: Continue educating yourself about personal finance and investment strategies. Consider seeking advice from a Certified Financial Planner for personalized guidance tailored to your specific financial situation and goals.
By staying disciplined, continuing your SIP contributions, and periodically reviewing your financial plan, you're on the right track to achieving your goal of reaching a corpus of 1 crore in 15 years. Keep up the good work, and remember that consistency and patience are key to long-term wealth creation.
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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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