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Krishna

Krishna Kumar  |266 Answers  |Ask -

Workplace Expert - Answered on Apr 12, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
KARTICK Question by KARTICK on Apr 12, 2024Hindi
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Career

My son doing BCA- cyber security and forensic 3rd year can sir suggest further job

Ans: Hello

Cybersecurity had great opportunities as world has moved online. Every company needs cybersecurity expert.

Banks, Insurance, Manufacturing, IT services...rather he can apply to almost every industry and company.

All the best to him.
Asked on - Apr 12, 2024 | Answered on Apr 14, 2024
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Thank u sir, can he go for MCA
Ans: Sure he can..rather he should.

All the best to him.
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R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Feb 06, 2024

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MY SON CLEAR IN BCOM HONOURS (FAINANCE) WHAT ARE JOB IN THIS FIELD
Ans: Congratulations to your son on clearing B.Com (Hons.) with a focus on finance! ???? Here are some exciting career paths he can explore in the finance field:

Investment Banker: An investment banker raises capital and provides investment advice. They play a crucial role in financial markets and corporate finance. The average annual salary for this role is around ?13.44 lakhs.

Development Executive: Development executives create sales by developing presentations and proposals tailored to clients’ business needs. Their average annual salary is approximately ?2.28 lakhs.

Tax Consultant: Tax consultants devise tax strategies and assist clients in managing their funds. They play a vital role in ensuring compliance with tax laws.

Business Analyst: Business analysts analyze business processes, identify areas for improvement, and recommend solutions. They bridge the gap between business needs and technology.

Accounts Executive: Accounts executives handle financial transactions, maintain records, and prepare financial statements.

Finance Manager: Finance managers oversee financial operations, budgeting, and financial reporting. They play a strategic role in decision-making.

Operations Manager: Operations managers manage day-to-day business operations, ensuring efficiency and effectiveness.

Business Development Manager: Business development managers focus on expanding business opportunities, building relationships, and driving growth.

Private Sector Opportunities: B.Com (Hons.) graduates have numerous openings in the private sector. Top recruiters include ICICI Bank, HDFC Bank, Genpact, Ernst & Young, Accenture, KPMG, and Infosys. The average salary for fresh B.Com (Hons.) graduates is around ?4.40 lakhs per annum.

Remember that each career path offers unique challenges and rewards. Encourage your son to explore his interests and strengths to find the perfect fit!

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R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Dec 26, 2023

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Hi, my son complete B E Civil, try to get job , ehat he do
Ans: Dear Mohammed,
I can understand that you are looking for job opportunities for your son who has completed his B.E. in Civil Engineering. There are many career options available for civil engineering graduates. Some of the popular career options include:
Surveyor: Surveyors conduct land and site reviews to measure land features based on various reference points, such as depth and shape. They examine data from previous land records to verify the current on-site surveys and present their findings to the designated authorities. The national average salary for this position is ?14,828 per month.
CAD Technician: Computer-aided design (CAD) technicians develop electronic design plans for buildings and machinery using CAD software. They cooperate with building architects and professional designers to convert blueprints and technical drawings into 2D and 3D computer models. The national average salary for this position is ?15,910 per month.
Structural Engineer: Structural engineers design and build buildings, bridges, and other commercial and private structures. They also measure loads and presses to ensure that the buildings’ formation and structure are secure and choose durable materials. The national average salary for this position is ?21,641 per month.
Urban Planner: Urban planners coordinate with public officials, developers and community members to plan land development and usage activities and initiatives. The national average salary for this position is ?21,665 per month.
These are just a few examples of the many career paths available to civil engineering graduates. Your son can also consider working in the government sector, where there are many job opportunities for civil engineers. Some of the government organizations that offer jobs for civil engineers include Municipal Corporations, Jal Boards, Delhi Development Authority, New Delhi Municipal Corporation, Metro Rail, National Highway Authority of India, Indian Oil Corporation, Delhi State Industrial Development Corporation, Public Works Department, Central Public Works Department, Border Roads Organization, Military Engineering Services, Airport Authority of India, Indian Air Force, Railways, Irrigation & Flood control department, Public Health Engineering department, National Hydro-electric Power Corporation, National Thermal Power Corporation, Oil and Natural Gas Corporation Limited, Defense Research and Development Organization, RITES, DRDO, Pollution Control Boards, Building and Construction department of organizations and many more.

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Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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I want to invest 2.5lakhs in ICICI Prudential for 1year with systemic withdraw of ?17000/ per month and the rest to grow. I am 75 years of age and gets the above amount on yearly basis. What I have to do?
Ans: Given your age and investment objectives, it's essential to consult with a Mutual Fund Distributor (MFD) who holds the Certified Financial Planner (CFP) credential. They can provide personalized advice tailored to your needs and goals. Here's what you can discuss with them:

Investment Plan: Explain your goal of investing ?2.5 lakhs in ICICI Prudential for one year, with a systematic withdrawal of ?17,000 per month and the rest to grow. Your MFD with CFP credentials can help you understand the suitability of this investment plan based on your risk tolerance, liquidity needs, and financial objectives.
Risk Assessment: As a 75-year-old investor, capital preservation and income generation may be your primary concerns. Your MFD can assess your risk tolerance and recommend suitable investment options within ICICI Prudential that offer a balance between potential returns and risk.
Systematic Withdrawal Plan (SWP): Your MFD can guide you on setting up an SWP with ICICI Prudential, ensuring that you receive ?17,000 per month as income while allowing the remaining amount to continue growing. They can explain the mechanics of SWP, including tax implications and withdrawal frequency.
Portfolio Monitoring: Regular portfolio monitoring is crucial to ensure that your investment remains aligned with your financial goals and risk tolerance. Your MFD can provide ongoing support, review your investment performance, and make adjustments if necessary.
Tax Implications: Your MFD can help you understand the tax implications of your investment, including any taxes on capital gains and income generated through the SWP. They can advise you on tax-efficient strategies to optimize your returns.
By consulting with an MFD who holds the CFP credential, you can make informed investment decisions that meet your financial needs and objectives while ensuring peace of mind in your retirement years.

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Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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Hi Sir ,I am a teacher and Have two children. I am investing in the following for my retirement and child s education. Ppf 6000 Mutual fund in Sbi focused equity 2000 Tata small cap 1500 Quant small cap 2000 Motilal midcap 2000 Kotak emerging equity 2000 Hdfc balanced fund 3000 Hdfc flexi cap 2000 Sbi nifty index fund 2000 Uti momentum 30 index 2000 Please suggest if all the funds are well and it will manage my goals like children studies in 10 to 15 years?
Ans: It's wonderful to see your proactive approach towards securing your retirement and your children's education. Let's review your investment portfolio to ensure it aligns with your goals:

PPF: This is a great choice for long-term savings due to its tax benefits and safety. Keep contributing regularly to maximize its potential.
Mutual Funds: Your selection of mutual funds seems well-diversified across different categories, including large-cap, small-cap, mid-cap, balanced funds, and index funds. However, having too many funds can sometimes lead to overlap and complexity. Consider consolidating your portfolio to a manageable number of funds while ensuring diversification across asset classes.
Child's Education: For your children's education, ensure that you are investing in a mix of equity and debt instruments to balance risk and returns. Also, consider starting a separate SIP specifically for their education expenses to build a dedicated corpus over time.
Retirement: While investing in equity funds can provide higher returns over the long term, ensure you have a balanced approach considering your risk tolerance and investment horizon. Additionally, review your asset allocation periodically and make adjustments as needed to stay on track towards your retirement goals.
Regular Review: It's essential to review your portfolio regularly and make adjustments based on changes in your financial situation, market conditions, and investment goals. Consider consulting with a Certified Financial Planner periodically to ensure your investment strategy remains optimal.
Overall, your investment choices appear well-thought-out, but it's crucial to monitor and fine-tune your portfolio regularly to ensure it continues to meet your financial objectives.

Keep up the excellent work, and continue your disciplined approach towards investing for a secure financial future for you and your family!

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Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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Hi I'm 29 yrs old man with salary of 60k month, I wish to built a house by 2-3yrs from now and create a wealth for my retirement by 40 yrs of age, plz help me through it how should I be able to do that?
Ans: It's fantastic that you're thinking ahead and planning for your future. Building a house and creating wealth for retirement are significant goals, and with careful planning, you can achieve them. Here's some guidance to help you along the way:

Firstly, consider starting by creating a detailed financial plan outlining your current financial situation, your goals, and a roadmap to achieve them. This will help you stay organized and focused on your objectives.

To save up for your house in 2-3 years, you'll need to start setting aside a portion of your monthly income. Calculate how much you'll need for the down payment and closing costs, and then work out how much you need to save each month to reach that goal.

Consider investing your savings in low-risk, liquid instruments like fixed deposits or short-term debt funds to ensure that your money is easily accessible when you're ready to buy your house.

For your retirement goal, starting early is key. Since you're aiming to retire by 40, you'll need to prioritize saving and investing aggressively. Maximize contributions to retirement accounts like the Employee Provident Fund (EPF) or the National Pension System (NPS) to take advantage of tax benefits and long-term growth potential.

Additionally, consider investing in a diversified portfolio of equity mutual funds or stocks to build wealth over the long term. While the stock market can be volatile, historically, it has provided higher returns compared to other asset classes over extended periods.

Regularly review and adjust your financial plan as needed to stay on track towards your goals. Remember, consistency and discipline are crucial when it comes to achieving financial success.

Keep up the great work, and don't hesitate to seek advice from a Certified Financial Planner if you need assistance in fine-tuning your financial strategy.

Best of luck on your journey to homeownership and retirement!

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Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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My Name is Siddhartha & my age is 47year. I have Rs.50 lakh in hand where should I invest to get maximum monthly income for retirement? I am ready to freeze my amount for 5 to 8 year.
Ans: Hello Siddhartha,
It's great that you're planning for your retirement. Considering your age and investment horizon, here are some suggestions on how you could invest your ?50 lakh to generate maximum monthly income for your retirement:
1. Senior Citizen Saving Scheme (SCSS): SCSS is a government-backed savings scheme specifically designed for senior citizens. It offers attractive interest rates and regular quarterly payouts, making it a suitable option for generating monthly income during retirement.
2. Post Office Monthly Income Scheme (POMIS): POMIS is another government-backed savings scheme that provides a fixed monthly income. You can invest a lump sum amount and receive monthly interest payouts, providing a steady source of income.
3. Corporate Fixed Deposits: Consider investing a portion of your funds in corporate fixed deposits offered by reputed companies. These deposits typically offer higher interest rates compared to bank FDs and can provide a regular income stream.
4. Dividend-Paying Mutual Funds: Invest in dividend-paying mutual funds that focus on generating regular income. Opt for funds with a history of consistent dividend payouts and a track record of capital appreciation.
5. Systematic Withdrawal Plan (SWP): Invest a portion of your funds in mutual funds or balanced funds and opt for a Systematic Withdrawal Plan (SWP). SWP allows you to withdraw a fixed amount at regular intervals, providing you with a steady income stream while allowing your investment to grow.
6. Real Estate Investment Trusts (REITs): If you're open to investing in real estate, you could explore Real Estate Investment Trusts (REITs). REITs invest in income-generating real estate properties and distribute rental income to investors in the form of dividends.
Before making any investment decisions, it's essential to assess your risk tolerance, investment objectives, and liquidity requirements. Consider consulting with a Certified Financial Planner who can provide personalized advice based on your financial situation and goals.

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Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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Hi..I have a portfolio of SIPs, with below mutual funds. Please advise. Parag Parikh flexi cap - 20000 Mirae Asset Emerging bluechip - 12000 ICICI Prudential Nifty 50 index - 10000 Sbi magnum mid cap - 5000 Motilal Oswal midcap - 3000 Now I want to top up my investment with 40000. All this is for long term goal at least for 15 years for wealth creation. I have covered my basics and have emergency funds for at least 9 months in FD. Please advise. Thanks
Ans: It's great to see that you're actively investing for your long-term wealth creation goals. Here are some suggestions regarding your portfolio and the additional investment you plan to make:
1. Review Existing Portfolio: Firstly, review the performance of your current mutual fund holdings relative to their benchmarks and peer group. Ensure that they are in line with your long-term investment objectives and risk tolerance.
2. Diversification: Your existing portfolio seems to have a mix of flexi-cap, large-cap, mid-cap, and index funds, providing diversification across different market segments. This diversification helps spread risk and optimize returns over the long term.
3. Top-Up Allocation: Considering your goal of wealth creation over a 15-year period, you may consider allocating the additional ?40,000 across your existing funds based on your risk appetite and asset allocation strategy. You could distribute the top-up amount proportionally based on the current allocation of your portfolio.
4. Consider Flexi-Cap Funds: Since you already have exposure to large-cap and mid-cap funds, you may consider allocating a significant portion of the top-up amount to flexi-cap funds like Parag Parikh Flexi Cap. Flexi-cap funds offer the flexibility to invest across market capitalizations based on prevailing market conditions, making them suitable for long-term wealth creation goals.
5. Regular Review: Regularly review your portfolio's performance and make adjustments if necessary to ensure alignment with your financial goals and risk tolerance. Keep an eye on market trends and economic indicators that may influence the performance of your investments.
6. Professional Advice: Consider consulting with a Certified Financial Planner to get personalized advice tailored to your financial situation and goals. They can help you optimize your investment strategy and make informed decisions.
By maintaining a disciplined approach to investing and regularly reviewing your portfolio, you can enhance the likelihood of achieving your long-term wealth creation objectives.

...Read more

Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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I am a mutual fund investor since 2010 by SIP & Lupsum , Now I am holding Funds Quant Small cap , Quant large & Mid cap , Hdfc 30 Foused fund , Aditya Birla psu equity Fund , & Sbi contra Fund all are direct plan Every month sip is 20000 each Fund shall I continue as it is or any changes
Ans: Kudos on your decade-long journey in mutual fund investments! It's impressive to see your commitment to building wealth through disciplined investing.

As a Certified Financial Planner, I understand the importance of periodically reviewing and adjusting your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Here are some considerations regarding your current portfolio:

Diversification: Your portfolio appears to be well-diversified across different fund categories, which is commendable. Diversification helps spread risk and potentially enhance returns over the long term.
Performance Evaluation: Evaluate the performance of each fund in your portfolio relative to its benchmark and peer group. Ensure that the funds are consistently meeting your expectations and delivering satisfactory returns.
Fund Manager Track Record: Assess the track record and expertise of the fund managers managing your investments. Consistent and experienced fund management can significantly influence the performance of mutual fund schemes.
Expense Ratio: Keep an eye on the expense ratio of your funds, as lower expenses can directly impact your returns over time. Direct plans typically have lower expense ratios compared to regular plans, allowing you to maximize your investment returns.
Market Conditions: Stay attuned to prevailing market conditions and economic trends that may impact the performance of your investments. Consider consulting with a Certified Financial Planner for personalized advice based on the current market scenario.
Ultimately, the decision to continue with your existing SIPs or make changes depends on various factors, including your investment objectives, risk tolerance, and market outlook. Regularly reviewing your portfolio and seeking professional guidance can help you make informed investment decisions and stay on track to achieve your financial goals.

Keep up the good work, and remember that consistency and discipline are key to long-term investment success!

...Read more

Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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Dear, My father/mother invested huge money in SAHARA, now they are no more & I have lodged many complaints against SAHAHA since last 3 years. He had invested whole money in SAHARA since last 25 years. Please guide us how can I claim that money. SAHARA says that money was lying with SEBI, even I lodged in SEBI. No response till now. .
Ans: I'm sorry to hear about your parents and the situation with Sahara. Here's what you can do to try and claim the money:

Claim Through Sahara Refund Portal:

Check the CRCS-Sahara Refund Portal. This government portal allows eligible depositors to claim refunds for deposits made in specific Sahara schemes.
Eligibility criteria and the claim process are available on the portal. It typically involves registering with your Aadhaar details and uploading scanned documents.
If the claim amount is small (under ?10,000), the process might be faster.
Follow Up on Your Complaints:

Pursue the complaints you filed against Sahara three years ago.
If you haven't received a response from SEBI, file a fresh complaint through their website or by calling their helpline. You can mention the reference number of your previous complaint, if any.
Legal Action:

Consider legal action as a last resort. You can consult a lawyer specializing in financial disputes to understand your options and the feasibility of a lawsuit.

Remember:

Keep copies of all documents related to your parents' investment, complaints, and any communication with Sahara or SEBI.
Be patient as the claim process might take time.
I hope this information helps you move forward with claiming your parents' money.

...Read more

Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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Namaskar Vivek Sir, I am Sanjay Kumar and of 46 years old. I am a salaried person and working in private sector with 1.75 lacs salary/month. I have a corpus of 1.5 cr in various instruments like MF, NPS , PPF, Corporate bonds and banks FD I have started my journey in mutual funds for the last 3 years and wanted to continue up to 8/10 years. I am inviting in Bonds approx 600000/year. I wanted to retire in 2030 and desired a pension of 75000/month Sir please suggest me is it possible. My MF details 1. Axis small cap 5800/month 2. ICICI Prudential pure equity retirement 5400/month 3. HDFC retirement pure equity fund 5400/month 4. SBI Contra 5300/month 5. Quant Mid Cap 5000/month 6. Nippon India large cap 5000/month 7. Mahindra Manulife Small cap 5000/month
Ans: Namaste Sanjay Kumar ji,
Firstly, commendations on diligently planning for your retirement and making strides in your investment journey over the past few years. Your dedication to securing your financial future is truly admirable.
Considering your current corpus and ongoing investments, achieving a pension of 75,000 per month by 2030 seems feasible. However, it's crucial to review and possibly optimize your investment strategy to align with your retirement goals effectively.
Here are some suggestions to help you stay on track:
• Diversification: Continue diversifying your portfolio across different asset classes to mitigate risk and enhance potential returns. Explore options beyond mutual funds, such as debt instruments, to maintain a balanced portfolio.
• Review and Rebalance: Regularly review your investment portfolio to ensure it remains aligned with your risk tolerance, investment horizon, and financial goals. Rebalance your portfolio as needed to address any changes in market conditions or personal circumstances.
• Focus on Retirement-oriented Funds: Consider reallocating some of your investments towards retirement-oriented funds specifically designed to generate stable income post-retirement. These funds typically prioritize capital preservation and income generation, which aligns with your goal of securing a monthly pension.
• Professional Guidance: Consult with a Certified Financial Planner (CFP) to fine-tune your retirement plan and optimize your investment strategy. A CFP can provide personalized advice tailored to your unique financial situation and aspirations.
Remember, achieving your retirement goal requires discipline, patience, and periodic reassessment of your financial plan. Stay committed to your investment journey, and you'll be well-positioned to enjoy a financially secure retirement.

...Read more

Ramalingam

Ramalingam Kalirajan  |1685 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - May 04, 2024Hindi
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I retired in 2017.All the superannuation amount I invested in mutual fund & Now the corpse is 1cr 06 lakh.Now for rest 30 year or till I am alive I want to invest in SWP to get 1.30 lakh per month .How to do? Please suggest
Ans: It's great that you've accumulated a significant corpus through mutual funds. Here's how you can set up a Systematic Withdrawal Plan (SWP) to generate a monthly income of 1.30 lakh:
1. Evaluate Your Corpus: With a corpus of 1 crore 6 lakh, you aim to withdraw 1.30 lakh per month. This translates to an annual withdrawal of approximately 15.6 lakh.
2. SWP Calculation: Determine the frequency of SWP withdrawals. Since you're looking for monthly income, you'll set up a monthly SWP.
3. Withdrawal Amount: To calculate the monthly withdrawal amount, divide the annual withdrawal requirement (15.6 lakh) by 12 (months). This equals approximately 1.30 lakh per month.
4. Risk Tolerance: Assess your risk tolerance and choose funds accordingly. Since your investment horizon is long-term (30 years), you can consider a balanced approach with a mix of equity and debt funds.
5. Fund Selection: Select mutual funds that align with your risk tolerance, investment goals, and time horizon. Opt for funds with a track record of consistent performance and low expense ratios.
6. SWP Setup: Contact your mutual fund provider or financial advisor to set up the SWP. You'll specify the withdrawal frequency (monthly), withdrawal amount (1.30 lakh), and the source funds from which the withdrawals will be made.
7. Review Periodically: Regularly review your investment portfolio and withdrawal strategy to ensure it continues to meet your income needs and financial goals. Adjust the withdrawal amount if necessary based on market performance and changes in your financial situation.
8. Tax Implications: Be aware of the tax implications of SWP withdrawals. Equity funds held for more than one year are subject to long-term capital gains tax, while debt funds may attract tax based on the holding period and type of fund.
By following these steps and staying disciplined in your approach, you can create a reliable income stream to support your retirement lifestyle for the years to come. Consider consulting with a financial advisor to tailor the SWP strategy to your specific needs and circumstances.

...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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