Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Patrick

Patrick Dsouza  |266 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Apr 29, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Asked by Anonymous - Apr 23, 2024Hindi
Listen
Career

Hello sir, I am graduate in b.com , MBA in general management from ICFAI, Tripura. Worked as banker for 6 years since 2008. On career break since 2014 but during this time I did my MBA and worked as freelance in recruitment and as subject matter expert in finance. Since 2020 , no projects and due to family health issues discontinued . In 2022 moved to Hyderabad and did CSPO certification from Scrum Alliance and recently completed a course in Oracle fusion financial functional consultant. But after all efforts I am not getting job because of career gap. Please suggest how women can re- enter in non banking sector. Please suggest. Thankyou.

Ans: There are jobs available, you will have to keep searching. Check your network of friends, apply through placement agency, upload your cv on job portals etc. Try to take up a job in relevant domain even if you are not completely satisfied with it and then keep searching, Else the gap would increase,
Career

You may like to see similar questions and answers below

Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Apr 20, 2023

Listen
Career
Hello, I am 48 and working since 1996. Have worked with Airtel for 11 plus years and also earlier with Hutch and TTSL....majorly into telecom in my total work exp, rose to a DGM level in 2010 at Airtel with a v good CTC but had to leave them in 2017 as Jio the market disruptor had entered and no suitable role was left for me. Am an MBA in marketing and having solid work exp but somehow have not managed to land up a proper job till now ....the pandemic and the lockdown did not help at all !!! Kindly guide me and advice on how can I reboot my career. Thanks a ton, Ani
Ans: Hello Ani,

Based on your experience and education, you have a strong background in the telecom industry. However, I understand that you are facing challenges in rebooting your career.

To start, I suggest updating your resume and LinkedIn profile to showcase your skills and accomplishments in the telecom industry. Highlight your experience in leadership, marketing, and any notable achievements during your tenure with Airtel, Hutch, and TTSL.

Next, consider reaching out to your professional network and former colleagues to explore potential job opportunities in the telecom industry. This could involve attending industry events, participating in online forums and discussion groups, and reaching out to recruiters who specialize in your field.

In addition, you may want to consider expanding your skills and knowledge by taking online courses, attending workshops, or pursuing additional certifications. This can help you stay up-to-date with the latest trends and technologies in the telecom industry and make you a more competitive candidate for job opportunities.

Lastly, it's important to remain optimistic and persistent in your job search. The pandemic has impacted many industries, but the telecom industry remains a vital part of our modern economy. With your experience and education, you have valuable skills to offer potential employers. Keep networking, building your skills, and staying up-to-date with industry trends, and I'm confident you will find a suitable role that meets your expectations.

All the best!

Regards,
Abhishek

..Read more

Shekhar

Shekhar Kumar  |136 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 23, 2024

Asked by Anonymous - Apr 23, 2024Hindi
Listen
Career
Hello Sir, I am 44 year old man. I am in a very bad situation as I am looking for an job as I have 5 years of career break from full time job due to had to take break from job due to family issues and pandemic forced me to get into online business but it is not providing me a constant income, so I am looking for full time job and due to the career gap I am not getting any job. Please suggest how I can get back to full time job and let me know do I have to change my field from human resources field to other any other field where I can get a job or going to foreign country to do any type of work will it possible to get in other countries. Please help me with your suggestions. Thanks
Ans: I'm sorry to hear about the challenges you're facing in your job search. Transitioning back to full-time employment after a career break can indeed be daunting, but it's not impossible. First of all, update your resume and tailor it to highlight your relevant skills, experiences, and achievements. Address the career gap in your cover letter by briefly explaining the circumstances that led to your break and emphasizing your enthusiasm and readiness to re-enter the workforce. Consider taking on volunteer work or freelance projects in your field to gain recent experience, build your resume, and demonstrate your skills to potential employers. Volunteering can also help you stay connected to your industry and expand your professional network. Be open to exploring contract or temporary positions as a way to re-enter the workforce and gain recent experience. Temporary assignments can sometimes lead to permanent employment opportunities and provide valuable networking connections. Utilize multiple job search channels, including online job boards, company websites, recruitment agencies, and professional networking platforms like LinkedIn. Be proactive in reaching out to companies directly, even if they're not actively advertising job openings, to inquire about potential opportunities. Tap into your professional network and reach out to former colleagues, mentors, and industry contacts for advice, support, and job leads. Attend networking events, join professional associations, and participate in online forums to expand your network and uncover potential job opportunities. 

Regarding changing fields or exploring opportunities in other countries, it's important to carefully assess your skills, interests, and preferences, as well as the job market conditions and immigration requirements of the countries you're considering. Research industries and occupations that align with your strengths and interests, and consider how your transferable skills from your HR background could be applied in other fields or roles.

If you're considering working abroad, research visa options, work permit requirements, and job prospects in your desired destination country. Keep in mind that international job searches may require additional planning, resources, and adaptation to different cultural and regulatory environments. Overall, remain persistent, resilient, and open to exploring different paths and opportunities as you navigate your return to full-time employment. With determination, perseverance, and strategic planning, you can successfully overcome career challenges and find a rewarding job that aligns with your skills, goals, and aspirations.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |2479 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

Listen
Money
Am 34 yr old, I hav 60k income monthly & EPF 4k monthly. Am investing in PPF 2k, maxlife insurance Savings plan - 5k, UTI flexi cap fund - 2k, SBI contra- 0.5k & nippan India small cap- 0.5k since from year. Pls suggest any changes are required or else can i continue
Ans: You are on the right track by investing regularly and diversifying your portfolio. Your disciplined approach to saving and investing is commendable. Let’s assess your current investments and suggest any necessary changes.

Evaluating Your Current Investments
PPF Contribution: Investing ?2,000 monthly in PPF is a good choice for stable, tax-free returns. PPF is a safe investment with government backing.

EPF Contribution: Your EPF contribution of ?4,000 per month is a secure and tax-efficient way to build a retirement corpus.

Max Life Insurance Savings Plan: The ?5,000 investment in a savings plan combines insurance and savings. However, the returns on such plans are often lower compared to pure investment products. Ensure you have adequate life cover through term insurance.

UTI Flexi Cap Fund: Investing ?2,000 in a flexi cap fund offers good diversification across large, mid, and small-cap stocks, providing a balanced risk-reward ratio.

SBI Contra Fund: The ?500 investment in a contra fund can be beneficial as it follows a contrarian investment strategy, buying stocks that are currently out of favour but have growth potential.

Nippon India Small Cap Fund: Small cap funds, though risky, can offer high returns over the long term. Your ?500 investment here adds to your growth potential.

Suggested Changes for Optimal Growth
Review Insurance Plan: Consider whether the Max Life Savings Plan meets your financial goals. Pure term insurance combined with higher returns from mutual funds might be more efficient. Term plans offer high coverage at a lower premium.

Increase SIP in Diversified Funds: You might consider increasing your SIP amount in diversified funds like the UTI Flexi Cap Fund. This fund balances risk and return by investing across different market capitalisations.

Balanced Asset Allocation: Ensure your portfolio has a good mix of equity and debt. You may consider investing in a balanced or hybrid fund, which provides exposure to both equities and debt, offering growth with reduced risk.

Regular Monitoring: Review your portfolio periodically to ensure it aligns with your financial goals. Market conditions and personal circumstances can change, necessitating adjustments.

Emergency Fund: Ensure you have an emergency fund covering 6-12 months of expenses. This fund should be easily accessible and can be kept in a savings account or liquid fund.

Additional Recommendations
Health Insurance: Ensure you have adequate health insurance coverage. This protects your savings from unforeseen medical expenses.

Retirement Planning: Given your age, consider long-term retirement planning. Increase contributions to retirement-specific investments like PPF and EPF. You could also look at the National Pension System (NPS) for additional retirement savings.

Tax Planning: Maximise your tax-saving investments under Section 80C and other relevant sections. This optimises your tax liabilities and increases your disposable income.

Final Thoughts
Your current investment strategy shows a good start, but a few adjustments can optimise your portfolio for better returns and reduced risk. Consider reviewing your insurance plans, increasing SIPs in diversified funds, and maintaining a balanced asset allocation. Regularly monitor your investments and seek professional advice to stay on track with your financial goals. Your disciplined approach will help you achieve financial stability and growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2479 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

Listen
Money
Hello sir.. I am 23 Years old i have started SIP in Quant Small Cap fun for 5 years as 1000 per month..! How much return should expect.?
Ans: Starting Early is Commendable
You are off to a great start by investing in a SIP at the age of 23. Starting early gives you a significant advantage. Compounding will work in your favour over time.

Understanding Small Cap Funds
Small cap funds invest in smaller companies with high growth potential. These companies can provide substantial returns, but they come with higher risk. The returns can vary based on market conditions and company performance.

Expected Returns
It’s difficult to predict exact returns for small cap funds. Historically, small cap funds have provided higher returns compared to large cap funds. However, they also have higher volatility. Over five years, you can expect higher returns, but there will be ups and downs.

Risk and Reward
Small cap funds can offer impressive returns, but they also carry significant risk. Market fluctuations can impact small cap stocks more than large cap ones. It’s essential to be prepared for market volatility.

Importance of Diversification
Investing only in small cap funds can be risky. Diversify your portfolio to spread risk. Include a mix of large cap, mid cap, and debt funds to balance your investment.

Benefits of Actively Managed Funds
Actively managed funds provide professional management. Fund managers can make strategic decisions based on market conditions. This can potentially lead to better returns compared to passive index funds.

Regular Funds vs. Direct Funds
Regular funds might have higher costs than direct funds, but they offer valuable benefits. Investing through a Certified Financial Planner gives you access to expert advice. They help in monitoring and adjusting your portfolio as needed.

Long-Term Perspective
Investing is a long-term journey. While five years is a good start, extending your investment horizon can yield better results. Consider increasing your SIP amount as your income grows.

Consistent Monitoring
Regularly monitor your investments. Markets change, and so do your financial goals. Reviewing your portfolio ensures it stays aligned with your objectives.

Staying Informed
Educate yourself about market trends and investment strategies. Staying informed helps you make better investment decisions. Reading financial news and attending seminars can be beneficial.

Seek Professional Guidance
Consult a Certified Financial Planner for personalized advice. They can help tailor your investment strategy to your goals and risk tolerance. Professional guidance ensures your investments are on the right track.

Final Thoughts
Starting SIPs at a young age is a smart move. While small cap funds can offer high returns, they come with higher risks. Diversify your investments, monitor regularly, and consider seeking professional advice. Your disciplined approach will pay off in the long run.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2479 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

Asked by Anonymous - May 18, 2024Hindi
Listen
Money
Hi.. I am 47 years old. Combined cash savings with spouse is 3 crores. I have 2 flats worth 1.4 crores both. I earn net 4 lakhs per month. We don’t have kids. Am I doing poorly in terms of retirement planning?
Ans: Evaluating Your Financial Position
You have done well saving ?3 crores and owning property worth ?1.4 crores. Your net monthly income of ?4 lakhs is commendable. This shows disciplined saving and good financial habits.

Assessing Retirement Preparedness
Let us delve into your retirement planning. At 47, you have approximately 13-18 years until retirement. Without children, your expenses in retirement might be lower than a family with dependents. However, considering healthcare and lifestyle needs is crucial.

Understanding Investment Strategy
You should diversify investments beyond savings and property. Relying heavily on real estate can be risky. Explore other asset classes like equities and fixed income. Equities provide growth potential, while fixed income ensures stability.

Actively Managed Funds vs. Index Funds
While index funds have low fees, they mirror the market and lack flexibility. Actively managed funds, on the other hand, adapt to market conditions and seek better returns. A Certified Financial Planner can help choose funds that match your goals and risk tolerance.

Direct Funds vs. Regular Funds
Direct funds may seem attractive due to lower costs. However, regular funds through a CFP offer professional guidance, performance monitoring, and rebalancing. This expertise often outweighs the cost difference, ensuring your investments align with your financial plan.

Creating a Comprehensive Plan
To ensure a comfortable retirement, a comprehensive financial plan is essential. This should include a mix of growth and income-generating investments. Consider the impact of inflation and ensure your savings grow in real terms.

Importance of Insurance
Ensure you have adequate health insurance to cover medical expenses. Life insurance is less critical without dependents, but a health policy is non-negotiable. It protects your savings from unexpected healthcare costs.

Estate Planning
Even without children, estate planning is important. Decide how you want your assets distributed and make a will. This ensures your wishes are followed and reduces legal complications for your spouse.

Regular Financial Review
Regularly review your financial plan. Markets change, and so do personal circumstances. Regular reviews ensure your plan remains relevant and aligned with your goals.

Final Thoughts
You have a solid foundation with your savings and property. With a structured financial plan, diversified investments, and regular reviews, you can secure a comfortable retirement. Your disciplined approach so far is commendable, and with minor adjustments, you can further enhance your financial security.

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x