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Maxim

Maxim Emmanuel  |215 Answers  |Ask -

Soft Skills Trainer - Answered on May 09, 2024

Maxim Emmanuel is the marketing director of Maxwill Zeus Expositions.
An alumnus of the Xavier Institute of Management and Research, Mumbai, Maxim has over 30 years of experience in training young professionals and corporate organisations on how to improve soft skills and build interpersonal relationships through effective communication.
He also works with students and job aspirants offering career guidance, preparing them for job interviews and group discussions and teaching them how to make effective presentations.... more
Asked by Anonymous - Apr 14, 2024Hindi
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Hi I have done my Graduation in Computers (B.tech) and its been 10 years. But I'm not at all interested in coding. Worked as a pre primary teacher for an year . So looking to get forward in that way. Need a suggestion of courses that can be done within an year for better career opportunities.

Ans: Really.. Btech graduate, primary school teacher 10 year's doing something or nothing undestand what you are going through.

I need more information to guide you confidentially and restart your career.
Happy to assist.
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Mayank

Mayank Kumar  |189 Answers  |Ask -

Education Expert - Answered on Jul 04, 2023

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Hi, My name is manik acharya, B.sc graduate (10+2+2) system. My age is 48+. I have basic computer knowledge. What course can give me a suitable and stable career?. I have around 12 years experience in Business development and customer relationship in large medicine shop. I need your help.
Ans: Hi Manik, considering your background and experience, several courses can provide you with suitable/stable career options:

Certificate in Retail Management: Given your experience in business development and customer relationship in a medicine shop, a certificate program in retail management can enhance your skills and knowledge in the field. It will equip you with the necessary competencies to manage operations, inventory, sales, customer service, and team management in a retail environment.

Advanced certification in Digital Marketing: As technology continues to play a significant role in business growth, a detailed understanding of digital marketing can open up opportunities for you. It could take you through various aspects of online marketing, including search engine optimization (SEO), social media marketing, content marketing, and analytics, and can also be valuable for positions such as digital marketing executive, social media manager, or SEO specialist.

Certification in Business Analytics: With your basic computer knowledge, a certification course in business analytics can be a suitable choice. This program will teach you how to use data analysis techniques to derive insights and make informed business decisions. Business analytics professionals are in high demand across industries and can work as business analysts, data analysts, or market research analysts.

Certification in Project Management: If you have strong organizational and leadership skills, a certification in project management can be a valuable addition to your profile. This course will equip you with the knowledge and tools required to successfully plan, execute, and manage projects. Project management skills are in demand across various sectors and can lead to roles such as project coordinator, team leader, or project manager. The profession of project management has recently become one of the hottest jobs, not only in the tech market but across industries. Demand for project managers is growing faster than demand for workers in other occupations and by 2027, 90 million individuals will need to be skilled in project-oriented roles.
The PMP certification can help you land lucrative roles in IT, manufacturing, finance, healthcare, and other exciting industries.

Certification in Healthcare Management: Given your experience in the medicine shop industry, a certification in healthcare management can provide you with a career path in healthcare administration. It will cover topics such as healthcare policies, hospital operations, healthcare marketing, and healthcare quality management. It can lead to roles like healthcare administrator, clinic manager, or operations manager in the healthcare sector.

Remember, while pursuing any course, it's essential to consider your interests, long-term goals, and market demand for specific skills. Conduct thorough research on the courses mentioned above, and evaluate their curriculum, duration, and potential career prospects. It is very important to align your domain interest with the course you'd want to pursue to ensure maximum accuracy of career outcome. Additionally, should you wish to gain further insights/ guidance tailored to your specific needs, feel free to connect with any career counsellors at upGrad.

..Read more

Ashwini

Ashwini Dasgupta  |70 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Dec 12, 2023

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Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Sir I am currently a student working as pg resident in government college l. My monthly stipend is 70000 of which I want to use 60000 in investment for upcoming future. I want to continue doing it for 3 years and if I get help from yours kind suggestion I will continue to do so. Humbly request you to guide me sir ?
Ans: It's admirable that you're proactive about investing your stipend for future financial security. Let's craft a strategic investment plan to help you achieve your goals.

Understanding Your Financial Goals
Short-Term Objective (3 Years):
Your primary goal is to invest your monthly stipend over the next three years to build wealth for the future.
This investment horizon allows for a balanced approach that combines growth potential with risk management.
Tailoring an Investment Strategy
Risk Profile Assessment:

As a student with a stable income, you may have a higher risk tolerance, given your long-term investment horizon.
However, it's crucial to strike a balance between risk and return to ensure the safety of your investments.
Diversified Portfolio Allocation:

Consider diversifying your investment across asset classes such as equities, debt, and possibly alternative investments like gold or commodities.
Diversification helps mitigate risk and enhances the potential for long-term growth.
Structuring Your Investment Approach
Equities:

Allocate a portion of your investment towards equities to capitalize on their potential for higher returns over the long term.
Invest in a mix of large-cap, mid-cap, and small-cap stocks or equity mutual funds to diversify your equity exposure.
Debt Instruments:

Allocate another portion of your investment towards debt instruments like fixed deposits, debt mutual funds, or bonds.
Debt instruments provide stability and regular income, making them suitable for risk mitigation.
Systematic Investment Plan (SIP):

Consider investing through a SIP in mutual funds to benefit from rupee-cost averaging and mitigate the impact of market volatility.
SIPs allow you to invest a fixed amount regularly, regardless of market fluctuations, fostering disciplined investing.
Monitoring and Review
Regular Portfolio Review:

Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance.
Make adjustments as needed based on changing market conditions or personal circumstances.
Continuous Learning:

Stay informed about financial markets and investment strategies to make informed decisions about your portfolio.
Consider seeking guidance from a Certified Financial Planner to optimize your investment strategy.
Conclusion and Encouragement
Your proactive approach towards investing is commendable and lays a strong foundation for your financial future. By implementing a diversified investment strategy and maintaining disciplined investing habits, you're well-positioned to achieve your long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Iam 57 years old male. Iam going to retire after 3 yrs. I have invested 2. 5 lakhs in icici balance advantage fund . Can i contine investing or change can you advice
Ans: Evaluating Investment Strategy for Retirement
Understanding Your Current Situation
It's commendable that you're actively planning for your retirement. Let's assess your investment in ICICI Balance Advantage Fund and explore whether it aligns with your retirement goals.

Genuine Appreciation for Retirement Planning
Planning for retirement demonstrates foresight and responsibility towards securing your financial future. It's a crucial step towards achieving financial independence in your golden years.

Assessing Your Investment Choice
ICICI Balance Advantage Fund:
This fund follows a dynamic asset allocation strategy, aiming to balance risk and return by adjusting exposure to equities based on market conditions.
It offers the potential for growth while providing downside protection through tactical allocation.
Evaluating Investment Strategy for Retirement
Investment Horizon:

With retirement on the horizon in three years, your investment horizon is relatively short.
Short-term investment goals typically require a more conservative approach to minimize the impact of market volatility.
Risk Tolerance:

As you approach retirement, preserving capital becomes increasingly important.
Consider reassessing your risk tolerance and shifting towards more stable investment options to safeguard your savings.
Considering Alternatives
Debt Funds:

Debt funds offer lower volatility and can provide steady income, making them suitable for retirement portfolios.
Consider allocating a portion of your portfolio to debt funds to enhance stability and reduce overall risk.
Systematic Withdrawal Plan (SWP):

SWP allows you to systematically withdraw a fixed amount from your investments at regular intervals, providing a steady income stream during retirement.
Explore the possibility of implementing an SWP strategy to meet your income needs post-retirement.
Conclusion and Recommendation
Given your proximity to retirement, it's prudent to reassess your investment strategy and prioritize capital preservation. While ICICI Balance Advantage Fund offers growth potential, it may carry higher risk, which might not align with your current financial objectives.

Considering your retirement timeline, I recommend exploring more conservative options such as debt funds and implementing a systematic withdrawal plan to ensure a steady income stream post-retirement. Consult with a Certified Financial Planner to tailor an investment strategy that suits your retirement goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 20, 2024Hindi
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Hello sir, I'm investing in quant small cap fund(5000 pm) and Aditya Birla Sun life PSU equity(10000pm), how much corpus should I expect after 2 or 3 years.
Ans: Assessing Potential Corpus Growth in 2-3 Years
Understanding Your Investment Strategy
It's great to see your commitment to investing and building wealth for your future. Let's analyze the potential corpus growth based on your current investments.

Compliments on Your Investment Initiative
Your proactive approach to investing is commendable. With careful planning and disciplined execution, you can achieve your financial goals effectively.

Analyzing Investment Horizon and Portfolio
Investment Horizon:

You're targeting a corpus growth within 2-3 years, indicating a short to medium-term investment horizon.
Short-term goals typically require a more conservative investment approach to mitigate risk.
Investment Allocation:

Currently, you're investing in two funds: Quant Small Cap Fund and Aditya Birla Sun Life PSU Equity.
These funds cater to different segments of the market, providing diversification.
Evaluating Potential Corpus Growth
Quant Small Cap Fund:

Small-cap funds are known for their potential for high returns but also carry higher risk.
Given the short investment horizon, anticipate moderate to high fluctuations in returns.
Aditya Birla Sun Life PSU Equity:

PSU equity funds primarily invest in stocks of public sector enterprises, offering stability but moderate growth potential.
Expect relatively lower volatility compared to small-cap funds.
Factors Influencing Corpus Growth
Market Performance:

Equity markets' performance significantly impacts the growth of your investment.
Economic conditions, corporate earnings, and geopolitical factors influence market movements.
Fund Performance:

Past performance of the selected funds provides insight but doesn't guarantee future returns.
Monitor fund performance regularly to assess its alignment with your goals.
Expected Corpus Growth Range
Quant Small Cap Fund:

Considering the high-risk nature of small-cap funds, anticipate a potential growth range of 10-15% annually.
Over 2-3 years, this could translate to a cumulative growth of 20-45%.
Aditya Birla Sun Life PSU Equity:

PSU equity funds typically offer more stability with potential growth in the range of 8-12% annually.
Over 2-3 years, expect a cumulative growth of approximately 16-36%.
Conclusion and Recommendation
Given the investment horizon of 2-3 years, it's crucial to balance risk and return expectations. While small-cap funds offer higher growth potential, they also come with increased volatility. PSU equity funds, on the other hand, provide stability but moderate growth.

Considering your risk tolerance and investment objectives, a combination of both funds can provide a balanced approach to corpus growth. Regularly review your portfolio's performance and adjust your investment strategy as needed to stay on track towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Sir, my son is now 27 years old and would like to invest approx Rs. 10,000- 12,000 per month for the next 15-20 years and an approximate increase of 10-15% per year. Kindly suggest which type of investment should be planned in addition to any other suggestion's which would create a substantial monthly income after 20 years taking into consideration the money value and inflation
Ans: That's a fantastic plan for your son. Starting investments early creates a solid financial future. Let's explore some options to build a good monthly income after 20 years:

Building a Strong Investment Portfolio:

Diversification is key: Invest in a mix of asset classes like Equity (stocks), Debt (bonds), and Hybrid (mix of equity and debt) to manage risk and target long-term growth.
Consider Equity Mutual Funds: Actively managed Equity Mutual Funds can potentially generate good returns over the long term. They are professionally managed by experts.
Investing for Growth and Beating Inflation:

Systematic Investment Plan (SIP): Regular monthly investments (SIP) of Rs. 10,000-12,000 with a planned 10-15% annual increase is a smart approach. It inculcates discipline and leverages rupee-cost averaging.
Long-term horizon: A 20-year investment timeframe allows for market fluctuations to even out, focusing on long-term growth that outpaces inflation.
Planning for Future Income:

Goal-based investing: While aiming for monthly income, consider your son's future goals like retirement or higher studies. Tailor the investment mix accordingly.
Review and Rebalance: Regularly review the portfolio performance and rebalance allocations if needed to maintain the desired asset class mix.
Getting Professional Advice:

Talk to a CFP professional: A Certified Financial Planner can create a personalized investment plan for your son, considering his risk tolerance and financial goals.
Investment planning is crucial: A CFP can help navigate different investment options and choose the ones that best suit your son's needs.
Remember: Consistent investing, diversification, and professional guidance are key to building a strong financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 07, 2024Hindi
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Money
Hi, I have a query regarding health insurance. I have 2 policies from different providers. 1 policy has copay clause. Can I claim the copay amount from the other provider?
Ans: Claiming Copay from Another Health Insurance Policy
That's a good question! Unfortunately, you cannot claim the copay amount you pay under one health insurance policy from another provider. Here's why:

Copay is a fixed amount you share with your first insurer for covered medical expenses. It reduces your premium but requires you to pay upfront.
Each insurance policy works independently. They only cover your expenses as per their terms and conditions.
Here's how things work:

You file a claim with the insurer that has the copay clause.
They approve the claim amount after deducting the copay amount.
You pay the copay directly to the hospital or yourself (depending on the policy).
Alternatives to Consider:

Choose plans without copay: If copays are causing trouble, consider switching to plans with higher premiums but no copay requirement.
Increase coverage limits: If your current plans have low coverage limits, explore options with higher limits to minimize out-of-pocket expenses.
Speak to a CFP Professional:

A Certified Financial Planner can review your health insurance plans and suggest options that better suit your needs. They can also help you understand coverage details and claim procedures.

Remember: It's important to choose health insurance plans that complement each other and provide comprehensive coverage.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Money
Im 62 year old and retired person. I am looking for health insurance policy for me and my wife who is 52 year old and housewife. I am suffering from high BP, Cervical and Lumber spondylitis, knee osteoarthritis, IBS and taking medicines for last 10-12 years. My wife has hypothyroidism, spondylitis and diabetes Please suggest better health insurance policy. Also suggest whether individual or family policy will be better Regards
Ans: I understand you're looking for a good health insurance plan for you and your wife. That's a smart decision, especially considering your health conditions. Let's break it down to help you choose the best option:

Understanding Pre-existing Conditions:

Your existing health conditions (BP, spondylitis, etc.) are called pre-existing conditions. These might affect your policy options and premiums.
Individual vs. Family Plan:

Family plan: Covers you and your wife together under one plan. It can be cheaper, but coverage limits get shared.
Individual plans: Separate plans for each of you. More flexibility, but might cost slightly more overall.
Considering Your Needs:

Pre-existing condition coverage: Look for plans that cover pre-existing conditions after a waiting period (if any).
Hospitalization coverage: Choose a plan with sufficient coverage for hospitalization expenses.
Medicines: Check if the plan covers medicines you take regularly.
Finding the Right Plan:

Talk to a CFP professional: A Certified Financial Planner can assess your needs and recommend suitable plans from different insurers.
Compare plans online: Many insurance companies offer online plan comparisons. Look for plans that cover pre-existing conditions and have good network hospitals in your area.
Here's a quick tip: Since your wife is younger and has a different health profile, individual plans might be better. This allows you to get customized coverage based on your specific needs.

Remember: Don't hesitate to ask questions! Choosing the right health insurance is important, and a CFP professional can guide you through the process.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Hi team, I have a health insurance since 2011. No claims as of now. I don't have BP or Diabetes as of now. the insurance company is NIA. What if in due course of time i develop some lifestyle ailment like BP or diabetes and it goes unchecked. will it affect my claims after that?
Ans: That's a great question! It's fantastic that you've been proactive with your health and maintained good health so far. Let's break down how pre-existing conditions and health insurance claims work:

No Claims and Pre-existing Conditions:

Good news! Having no claims history generally looks good to insurance companies. It shows you've been responsible with your health.
Pre-existing conditions are medical conditions you have before buying health insurance. These might affect your coverage or premiums in the future.
Lifestyle Ailments and Claims:

Lifestyle diseases like BP and diabetes can develop over time. If they go unchecked, they might become pre-existing conditions.
The impact on claims depends on your specific policy and when the condition developed. Some plans have waiting periods for pre-existing conditions. This means you might have to wait a certain time before coverage kicks in for those conditions.
Here's what you can do:

Maintain a Healthy Lifestyle: This is key! Keep up the good work by eating healthy, exercising, and getting regular checkups.
Review your Policy Wording: Look at the section on pre-existing conditions and waiting periods. If unsure, call your NIA customer service for clarification.
Talk to a CFP Professional: A Certified Financial Planner can help you review your health insurance coverage and see if it aligns with your future health needs.
Remember: Early detection and management of lifestyle diseases can make a big difference. Taking care of your health now can benefit you in the long run, both physically and financially.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
How should senior citizens cope with increase in health insurance premiums? How can I get this offline or online?
Ans: Here are some strategies senior citizens can use to cope with rising health insurance premiums:

Reduce policy costs:

Shop around and compare plans: Don't automatically renew your current plan. Get quotes from different insurance companies to see if you can find a more affordable option with similar coverage.
Increase deductible: Consider raising your deductible (the amount you pay out of pocket before insurance kicks in). This lowers your premium but means you'll pay more upfront for covered medical expenses.
Choose a co-pay plan: Opt for a co-pay plan where you share a fixed cost for covered services with the insurer. This can reduce your premium compared to plans without a co-pay.
Consider a Health Maintenance Organization (HMO): HMO plans typically have lower premiums but restrict your network of doctors.
Explore alternative coverage options:

Government-sponsored plans: Depending on your location, there might be government-sponsored healthcare programs for seniors, like Medicare (US) or Pradhan Mantri Jan Arogya Yojana (PMJAY) (India).
Employer-provided plans: If you're still working, inquire about your employer's health insurance plans for retirees.
Manage healthcare expenses:

Preventive care: Prioritize preventive care like checkups and screenings to potentially avoid costlier medical issues down the line.
Negotiate medical bills: Don't be afraid to negotiate medical bills with providers. You might be surprised by the savings you can achieve.
Prescription drug assistance: Explore programs that offer discounted or free medications for seniors.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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I am 36 yrs , working as a educator in govt college getting in hand 80k/month ,sip of 4500 ,pls suggest best investment plan for children higher education and corpus of 2 cr till 55
Ans: Planning for Your Children's Higher Education and Building a ?2 Crore Corpus
Understanding Your Goals and Current Financial Situation
Congratulations on prioritizing your children's education and financial security. With your dedication and a well-structured plan, achieving a corpus of ?2 crore by the age of 55 is feasible.

Compliments on Your Responsible Approach
Your commitment to securing your children's future education is commendable. Your proactive approach to financial planning will undoubtedly benefit your family in the long run.

Evaluating Investment Options
SIP Investment:

Currently investing ?4,500 per month.
Consider increasing SIP amount gradually to align with your target corpus.
Income and Expenses:

Monthly in-hand income: ?80,000.
Assess your monthly expenses to identify surplus funds for investment.
Investment Horizon and Risk Profile:

Goal: Achieve ?2 crore corpus by age 55.
With a long-term horizon, a balanced approach with moderate risk is advisable.
Tailored Investment Strategies
Education Fund for Children:

Open a dedicated education fund for each child.
Allocate a portion of your monthly surplus towards these funds.
Diversified Investment Portfolio:

Consider a mix of equity, debt, and hybrid mutual funds.
Aim for a diversified portfolio to mitigate risk and optimize returns.
Systematic Investment Planning (SIP):

Increase SIP contributions annually to align with your financial goals.
Regularly review and rebalance your portfolio as needed.
Tax-Efficient Investments:

Explore tax-saving investment options like ELSS funds to optimize tax benefits.
Utilize tax-saving instruments effectively to maximize returns.
Emergency Fund Provision:

Maintain a separate emergency fund equivalent to at least 6-12 months of expenses.
Ensure liquidity to cover unforeseen expenses without impacting your investment corpus.
Monitoring and Reviewing Your Plan
Regular Portfolio Review:

Assess your portfolio's performance at least annually.
Make adjustments based on changing market conditions and financial goals.
Education Fund Tracking:

Monitor the growth of your children's education funds.
Adjust contributions as necessary to ensure they remain on track.
Financial Advisor Consultation:

Consider consulting a certified financial planner periodically.
Get personalized advice on optimizing your investment strategy.
Conclusion
By adopting a disciplined approach to investing and gradually increasing your SIP contributions, you can achieve your goal of building a ?2 crore corpus for your children's education and your retirement. Stay focused, review your progress regularly, and make informed decisions to ensure financial security for your family's future.

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.

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