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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 29, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. 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
Ameen Question by Ameen on Apr 15, 2024Hindi
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My son is doing his 2nd puc with PCMC n will be completing in 2025,, he wants to Persue engineering but confused as to which branch to choose, he is afraid to Persue software as there is recession n due to AI the jobs are less, he is thinking of aeronautical engineering, is it a right Choice?

Ans: A career in aeronautical engineering can indeed be exciting and rewarding for individuals who are passionate about aircraft, spacecraft, and aerospace technology. Aeronautical engineering is at the forefront of innovation, with opportunities to work on cutting-edge technologies, including aircraft design, propulsion systems, avionics, and space exploration. Aeronautical engineers have diverse career paths in the aerospace industry, including roles in aircraft manufacturing, defense contracting, space agencies, research institutions, and academia. There are opportunities to specialize in areas such as aerodynamics, structures, materials, propulsion, and systems integration. The aerospace industry is global, offering opportunities to work with multinational companies and collaborate on international projects. Aeronautical engineers may have the chance to travel and work in different countries, contributing to global initiatives in aviation and space exploration. In the field of aeronautical engineering, several high-paying job positions are available, especially for professionals with advanced degrees, specialized skills, and significant experience. Senior aerospace engineers lead and manage complex projects, oversee design and development processes, and provide technical expertise in areas such as aircraft systems, propulsion, structures, and aerodynamics. They may also be involved in research, testing, and certification activities. Lead aircraft design engineers are responsible for conceptualizing, designing, and developing new aircraft or modifications to existing aircraft. They lead multidisciplinary teams, manage design projects, and ensure compliance with regulatory standards and customer requirements. Flight test engineers conduct and oversee flight testing activities to evaluate aircraft performance, stability, and handling characteristics. They design test plans, analyze flight data, and collaborate with pilots, engineers, and technicians to validate aircraft designs and systems. Senior avionics engineers specialize in the design, integration, and testing of aircraft electronic systems, including navigation, communication, surveillance, and control systems. They ensure the reliability, functionality, and compliance of avionics equipment with safety and performance standards. Senior aerospace systems engineers oversee the integration and optimization of complex aerospace systems, such as aircraft platforms, spacecraft, satellites, or unmanned aerial vehicles (UAVs). They coordinate system-level design, development, and testing activities to meet program objectives and customer requirements. Senior R&D engineers lead research and development projects focused on advancing aerospace technologies, materials, processes, and manufacturing techniques. They collaborate with academic institutions, government agencies, and industry partners to drive innovation and technological breakthroughs.

These jobs in aeronautical engineering require technical knowledge, leadership skills, and a track record of successful project execution. Professionals who work in the aerospace industry require professional certifications or licenses relevant to their specialization. Overall, a career in aeronautical engineering offers an exciting blend of innovation, exploration, and impact, making it a great choice for individuals who are passionate about pushing the boundaries of flight and exploring the frontiers of aerospace technology.
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Ramalingam

Ramalingam Kalirajan  |7548 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 17, 2025

Asked by Anonymous - Jan 17, 2025Hindi
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I'm 35 years old. I want to invest INR 65000 for retirement at 50 years old. My current expenses 65000 per month. Please guide me.
Ans: Retiring at 50 with your current lifestyle requires a carefully crafted investment strategy. Here’s a detailed guide tailored to your goal.

Step 1: Define Retirement Corpus Requirement
Current Monthly Expenses: Rs. 65,000.
Inflation Adjustment: At 6% inflation, your expenses will increase significantly by 50.
Retirement Corpus: The corpus must sustain you for at least 30+ years post-retirement.
Lifestyle Goals: Include travel, medical emergencies, and aspirational expenses in calculations.
Step 2: Asset Allocation Strategy
A balanced mix of equity and debt instruments can help grow your wealth steadily while minimizing risks.

1. Equity Mutual Funds (70% Allocation)
Why Equity? High growth potential to beat inflation over the long term.
Recommended Categories: Flexi-cap, mid-cap, and large-cap funds.
SIP/Investable Amount: Invest Rs. 45,500 monthly in equity mutual funds.
2. Debt Instruments (30% Allocation)
Why Debt? Stability and regular income during volatile markets.
Recommended Options: PPF, short-term debt mutual funds, or NPS (Tier I).
SIP/Investable Amount: Allocate Rs. 19,500 monthly.
Step 3: Include Inflation Protection
Inflation reduces the value of money significantly over time.
Your retirement corpus should grow faster than the inflation rate.
Equity exposure helps overcome inflation impacts effectively.
Step 4: Ensure Tax Efficiency
1. Equity Mutual Funds
Tax Rules: Long-term capital gains (LTCG) above Rs. 1.25 lakh taxed at 12.5%.
Action Plan: Use annual redemption to manage gains below taxable limits.
2. PPF and NPS
Tax Benefits: Both offer tax-saving benefits under Section 80C.
Lock-in Period: Ensure alignment with your retirement timeline.
Step 5: Emergency Fund Creation
Build an emergency fund equivalent to 12 months’ expenses (Rs. 7.8 lakh).
Park it in liquid funds or a high-yield savings account for quick access.
Step 6: Health and Risk Coverage
Health Insurance: Ensure adequate coverage to avoid depleting investments during medical emergencies.
Life Insurance: Use a term plan to secure your dependents until you achieve your retirement goal.
Step 7: Regular Portfolio Reviews
Review your portfolio every six months.
Rebalance based on performance, changing goals, and market conditions.
Seek advice from a Certified Financial Planner for optimized asset allocation.
Step 8: Additional Recommendations
Avoid Real Estate: Illiquid and high transaction costs make it unsuitable for your timeline.
Avoid Direct Investments: Opt for regular plans via mutual fund distributors guided by a CFP.
Diversify Investments: Explore international mutual funds for added growth.
Step 9: Incremental Contributions
Increase your SIP amount annually by 10-15% to align with income growth.
This ensures your corpus grows significantly over time.
Finally
Achieving financial independence by 50 is ambitious but achievable. Consistency in investments, inflation-adjusted growth, and regular reviews are critical. Focus on disciplined execution of the outlined plan for a secure and fulfilling retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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