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Chocko

Chocko Valliappa  |237 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on Aug 16, 2023

Chocko Valliappa is the founder and CEO of Vee Technologies, a global IT services company; HireMee, a talent assessment and talent management start-up; and vice chairman of The Sona Group of education institutions.
A fourth-generation entrepreneur, Valliappa is a member of Confederation of Indian Industry, Nasscom, Entrepreneurs Organization and Young Presidents’ Organization.
He was honoured by the YPO with their Global Social Impact award in 2018.
An alumnus of Christ College, Bangalore, Valliappa holds a degree in textile technology and management from the South India Textile Research Association. His advanced research in the Czech Republic led to the creation of innovative polyester spinning machinery.... more
Asked by Anonymous - Jul 28, 2023Hindi
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Good evening Sir, my son has got MSc Physics Dual Degree course in Pilani Campus of BITS and also ECE in UIET Chandigarh. He is asking to join BITS only. Is it ok or should we consider UIET, Punjab University. Thank you.

Ans: You said dual degree at BITS Pilani. Which is the other degree at Pilani he is keen to choose?
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Sushil

Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on Oct 03, 2023

Asked by Anonymous - Oct 03, 2023Hindi
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I am doing WILP M.Sc IT first year BITS It is a course of 2.5 years in BITS. Can i join for 2nd year in abroad universities
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear about your plans on deciding to pursue the 2nd year of your WILP M.Sc IT BITS Pilani program at a university overseas. As an answer to your query, I would like to inform you that a number of factors including overseas universities’ guidelines as well as your BITS Pilani program’s acknowledgement play a vital role in deciding whether or not you are eligible to pursue the second year of the program at a university abroad. Please take the following factors into account:

1. Consider the program’s acknowledgement and accreditation: Accreditation or getting certified guarantees a student that his/her degree is legitimate and recognized by universities across the globe. As the first step in the process, I would suggest that you make sure that the pertinent academic institutions in India as well as overseas, both recognize as well as accept the WILP M.Sc. IT program at BITS Pilani.

2. Get to know the Transfer Guidelines: Transfer students are generally accepted by certain universities. Nevertheless, they possess unique prerequisites and constraints, and thus, in my opinion, it’s best to consult your preferred universities overseas in order to understand their guidelines with respect to the credit transfer from other schools/universities.

3. Familiarize Yourself with prerequisites for Admission: For transfer students, varying prerequisites for admission may be set forth by varying universities. I suggest that you get to know and adhere to not only their education criteria but also their prerequisites for language competency.

4. Ensure a coherence between the course curriculum: You will need to make sure that there is a coherence between the course of study that was completed by you at BITS Pilani and the program of study at the international university. Remember that in order to fill in any gaps, you may be needed to appear for other extra courses.

5. Plan your Finances: Pursuing studies overseas can be a costly affair, and for this reason, you will need to ensure that you have sufficient funds to pay for your living costs, tuition fees, as well as other miscellaneous expenditures.

6. Get in touch with education counselors: To better comprehend the consequences and the steps involved in the process of transferring to a foreign university, I highly recommend that you get in touch with education counselors at BITS Pilani as they will be in a better position to offer specialized advice based on your circumstances.

7. Get to know the Application Deadlines: You should get to know the last date to apply to your preferred universities overseas. For that, I recommend that you start planning well in advance and send in your application as per schedule.

8. Follow Visa and Immigration Prerequisites: There are visa and immigration prerequisites associated with studying overseas that you will be required to look in. To be able to study in your preferred country, I suggest that you adhere to the visa requirements in order to acquire the appropriate authorization.

I would like to inform you that transferring to an overseas university to pursue the second year of your studies is indeed possible. Nevertheless, you will need to take into account all the aforementioned aspects and plan meticulously. To see if you qualify and to understand the likelihood of transfer, I recommend that you conduct an extensive study and directly get in touch with each university as each may have unique prerequisites and guidelines.

For more information, you can visit our website.

..Read more

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Ramalingam

Ramalingam Kalirajan  |2476 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

Asked by Anonymous - Apr 29, 2024Hindi
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I am 34 and earning 1.3 lac can you please help me how to save so that i can happily retire
Ans: At 34, with a monthly income of 1.3 lakh, you have a solid foundation for planning your retirement. Here's how you can save effectively to ensure a comfortable retirement:

Assess Your Current Financial Situation:
1. Evaluate Expenses:
Start by tracking your monthly expenses to understand your spending habits and identify areas where you can potentially save.
2. Build an Emergency Fund:
Set aside a portion of your income as an emergency fund to cover unexpected expenses or financial setbacks. Aim for at least 3 to 6 months' worth of living expenses.
Create a Retirement Plan:
3. Determine Retirement Goals:
Define your retirement goals, including the age at which you want to retire and the lifestyle you envision during retirement.
4. Estimate Retirement Expenses:
Estimate your future expenses during retirement, considering factors such as healthcare costs, inflation, and leisure activities.
Implement Savings Strategies:
5. Contribute to Retirement Accounts:
Maximize contributions to retirement accounts such as Employee Provident Fund (EPF), Public Provident Fund (PPF), and Voluntary Provident Fund (VPF) to benefit from tax advantages and compound interest.
6. Invest in Equity Mutual Funds:
Consider investing in equity mutual funds for long-term growth potential. Choose funds with a proven track record and align with your risk tolerance.
7. Diversify Investment Portfolio:
Diversify your investment portfolio across asset classes such as equities, bonds, and fixed deposits to minimize risk and optimize returns.
Seek Professional Guidance:
8. Consult a Certified Financial Planner:
Work with a Certified Financial Planner to develop a customized retirement plan based on your financial goals, risk tolerance, and time horizon.
They can provide personalized advice and strategies to help you achieve your retirement objectives efficiently.
Stay Committed to Your Plan:
9. Regularly Review and Adjust:
Periodically review your retirement plan and investment portfolio to ensure they remain aligned with your goals and objectives.
Make adjustments as necessary based on changes in your financial situation, market conditions, and life circumstances.
Conclusion:
By following these steps and staying disciplined in your savings and investment approach, you can build a substantial retirement corpus and enjoy a financially secure and fulfilling retirement.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2476 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

Asked by Anonymous - Apr 28, 2024Hindi
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10 Sal 4 mahine ka Mera job hai 58 year complete ho gaya hai pension bhi 58 year hone ke bad band ho gaya tha final withdrawal 19 form lagakar kiya tha reason 55 year ka de rahe hain ismein Main Kya kar sakta hun
Ans: Since you've completed 58 years of age and your job has lasted for 10 years and 4 months, it seems you're contemplating your options after ceasing your pension and completing the final withdrawal with Form 19, citing the reason as 55 years. Here's what you can consider:

Understanding Retirement Options:
1. Explore Alternative Income Sources:
Consider exploring alternative sources of income such as part-time work, freelance opportunities, or consulting services to supplement your financial resources.
Evaluate your skills and expertise to identify potential avenues for generating income during retirement.
2. Review Investment Portfolio:
Review your investment portfolio to ensure it aligns with your retirement goals and risk tolerance.
Seek guidance from a Certified Financial Planner to optimize your investment strategy and maximize returns.
3. Assess Social Security Benefits:
Determine if you are eligible for any social security benefits or government schemes that could provide additional financial support during retirement.
Consult with relevant authorities or financial experts to explore available options for accessing social security benefits.
4. Consider Delaying Retirement:
Evaluate the option of delaying your retirement to continue earning a steady income and build a larger retirement corpus.
Assess your health, lifestyle preferences, and financial obligations before making a decision to postpone retirement.
5. Seek Professional Advice:
Consult with a Certified Financial Planner to develop a comprehensive retirement plan tailored to your specific financial situation and goals.
Discuss various retirement options, investment strategies, and income sources to make informed decisions for your retirement years.
Conclusion:
As you navigate your retirement journey, it's essential to explore various income sources, review your investment portfolio, assess social security benefits, consider delaying retirement if feasible, and seek professional advice from a Certified Financial Planner. By taking proactive steps and making informed decisions, you can secure a financially stable and fulfilling retirement.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2476 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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Money
Hello sir, I am just new in sip. I wanted to what will be the best way to start? Which ones to choose to get good returns in long term? My risk appetite is medium or above. Thank you
Ans: Starting Your SIP Journey: A Guide for New Investors
Welcome to the world of SIPs! Starting your SIP journey is an exciting step towards building wealth for the future. Let's explore the best way for you to begin and identify suitable investment options for achieving good returns over the long term.


Congratulations on taking the initiative to start your SIP journey! Your decision to invest in SIPs demonstrates a proactive approach towards securing your financial future.

Understanding Your Investment Goals and Risk Appetite
Investment Goals:
Define your financial goals and objectives, considering factors such as retirement planning, wealth creation, or education funding.
Establishing clear investment goals will help you select SIPs that align with your objectives.
Risk Appetite:
Assess your risk tolerance to determine your comfort level with market volatility.
Since you indicate a medium to high risk appetite, you may consider equity-oriented SIPs for potentially higher returns.
Choosing SIPs for Long-Term Growth
Equity Mutual Funds:
Equity mutual funds have historically delivered higher returns over the long term compared to other asset classes.
Consider diversified equity funds, large-cap funds, multi-cap funds, or thematic funds based on your risk appetite and investment horizon.
Balanced Funds:
Balanced funds, also known as hybrid funds, offer a mix of equity and debt investments, providing a balanced approach to risk and return.
These funds can be suitable for investors seeking moderate risk exposure with relatively stable returns.
Thematic Funds:
Thematic funds invest in specific sectors or themes, offering exposure to emerging trends or industries.
While thematic funds can potentially generate higher returns, they also carry higher risk due to concentrated exposure.
Constructing Your SIP Portfolio
Diversification:
Maintain a well-diversified SIP portfolio across different asset classes, sectors, and fund categories to reduce risk.
Avoid concentration in any single investment or sector to mitigate the impact of market fluctuations.
Regular Review and Rebalancing:
Periodically review your SIP portfolio to assess performance and ensure alignment with your financial goals.
Consider rebalancing your portfolio if necessary to maintain the desired asset allocation.
Getting Started with SIPs
Selecting SIPs:
Research and shortlist mutual funds based on their track record, fund manager expertise, investment philosophy, and risk-adjusted returns.
Consult with a Certified Financial Planner to identify SIPs that align with your financial goals and risk profile.
Systematic Investing:
Start your SIPs with an amount you are comfortable investing regularly, considering your cash flow and financial obligations.
Set up SIPs for a fixed amount at regular intervals (e.g., monthly or quarterly) to benefit from rupee cost averaging.
Conclusion: Embarking on Your SIP Journey
Starting your SIP journey requires careful consideration of your investment goals, risk appetite, and fund selection. By choosing suitable SIPs aligned with your long-term financial goals and regularly monitoring your portfolio's performance, you can lay a solid foundation for wealth creation.

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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