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MCA Graduate with 17 Years of Teaching Experience: Can I Transition to Data Science?

Patrick

Patrick Dsouza  |1259 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Oct 16, 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
Sabyasachi Question by Sabyasachi on Oct 16, 2024Hindi
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Career

Hello Sir. I m a mca graduate and 17 years of teaching experience..,.am I eligible for data science job ...

Ans: you will need to do relevant courses. Do it along with your job and apply for a job in data science. It may not be easy to shift jobs after 17 years of work ex as you face competition from a lot of freshers.
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Ramalingam

Ramalingam Kalirajan  |9468 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 08, 2025

Asked by Anonymous - Jun 25, 2025Hindi
Money
Hi Sir I am 44 year old having EPF 32 lakh FD 34 lakh Mutual fund with SIP 70k amount 17 lakh one 3 bhk flat at Zirakpur(chandigarh) NPS 7 lakh .... Where should I have to invest now
Ans: Your savings journey reflects discipline and consistency. At 44, you are at a crucial phase where wealth protection is as important as wealth creation. Let's assess your current status and guide you toward smart next steps.

Existing Portfolio Assessment
Let us first understand how your portfolio stands:

EPF (Rs 32 lakhs)
This is a solid retirement base. EPF gives safe, tax-free growth. Continue contributing till retirement.

FD (Rs 34 lakhs)
It gives stability but low returns. Interest is taxable. Useful for emergencies or short-term goals, not ideal for long-term growth.

Mutual Fund (SIP Rs 70,000, total value Rs 17 lakhs)
This shows good investment habit. You have strong equity exposure through mutual funds, which helps in beating inflation.

NPS (Rs 7 lakhs)
Good for long-term retirement planning. Tax efficient. Conservative and disciplined by structure.

Flat in Zirakpur
While not treated here as an investment, it adds to your asset base. But no income or liquidity advantage unless rented or sold.

Now let’s move to the core: Where should you invest from now?

Wealth Creation Strategy Ahead
You have a good foundation. Next steps should ensure your money grows efficiently.

1. Reallocate from FD to Better Instruments
FD is earning low post-tax returns.

Move part of it (Rs 15-20 lakhs) to diversified mutual funds.

Choose actively managed funds. Avoid index funds.

SIP mode is best, but for lumpsum, use STP from a liquid fund.

Why not FD?
FD gives fixed returns but taxable. Over time, inflation eats into it.

2. Review Your Mutual Fund Structure
You invest Rs 70,000 per month. That’s powerful. But too many direct mutual funds or schemes can confuse.

Stick to 4-5 actively managed funds across different categories.

If you are investing in direct plans, reconsider.
Direct funds offer no advisory support. If markets fall, you may panic and exit.

Invest through a Mutual Fund Distributor (MFD) who is also a CFP.
You get guidance, goal alignment, and peace of mind.

Why avoid index funds?
Index funds blindly copy the market. They don’t protect during market fall.
Actively managed funds by good fund managers do better in most Indian cycles.

3. NPS – Let it Continue
NPS gives long-term stability.

But don’t overdepend on it.

It forces annuity after 60.
That restricts flexibility in retirement.

Continue your NPS for tax savings and base corpus. But combine with mutual funds for freedom.

4. Build Emergency Fund (If Not Done)
Keep 6 months’ expenses as liquid cash.

Use liquid funds or sweep FDs.

This avoids breaking SIPs during emergencies.

5. Insurance Audit (If Not Already)
Do you have a term insurance?
If not, get Rs 1.5 Cr cover till 60-65 years.

Avoid ULIPs or endowment policies.
If you have any, surrender and reinvest in mutual funds.

Goal Planning – What’s Next?
Now let’s break the upcoming milestones:

A. Retirement – 55 or 60?
You already have:

EPF: Rs 32 lakhs

NPS: Rs 7 lakhs

MF: Rs 17 lakhs (and growing)

FD: Rs 34 lakhs

Continue investing Rs 70,000 monthly in mutual funds. Increase by 5-10% yearly.

With this, and your current savings, you can build Rs 4-5 Cr retirement corpus. That’s enough for a simple and secure life post-retirement.

B. Child’s Education / Marriage
Assuming she is around 10-15 years old now.

You will need Rs 30-50 lakhs in 8-10 years.

Create a separate mutual fund SIP for this goal.

Allocate Rs 20,000 monthly only for this purpose.

This keeps your goals separate and trackable.

C. House Maintenance / Upgrades
Avoid buying another real estate now.

It is illiquid, risky, and difficult to exit.

Focus on financial assets instead.

If you ever want to shift or upgrade, liquid mutual funds will help.

Final Insights
FD and EPF make your portfolio conservative.

Mutual funds bring growth. Continue SIPs and increase slowly.

Avoid direct and index funds. Use an MFD-CFP for guided investments.

Keep goals separate. Track education, retirement, and contingency funds distinctly.

Don't let past good performance make you lazy. Regular reviews are important.

If market falls, don’t stop SIPs. Stick to the plan.

Avoid buying more real estate. Keep liquidity as priority.

You are already ahead of many investors at 44. Keep it disciplined. Keep it simple. Keep it goal-linked.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |9468 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 08, 2025

Asked by Anonymous - Jun 20, 2025Hindi
Money
Currently, I am investing in MF as below with XIRR 17.58% Mirae Asset Large & Midcap Fund Direct Growth Rs 2000 Mirae Asset ELSS Tax Saver Fund Direct Growth Rs 4000 ICICI Prudential Equity & Debt Fund Direct Growth Rs 4000 Canara Robeco ELSS Tax Saver Direct Growth Rs 4000 Canara Robeco Large Cap Fund Direct Growth Rs 2000 Quant Active Fund Direct Growth Rs 5000 Parag Parikh Flexi Cap Fund Direct Growth Rs 2000 Please suggest if any change is required. I am looking for retirement fund with minimum 4 CR and looking for my child education 2 CR.
Ans: Your Financial Goals

Retirement fund target: Rs 4 Crores

Child’s education fund target: Rs 2 Crores

You have not mentioned the time horizon for both.

For now, we will assume:

Retirement goal – 15 to 20 years away

Education goal – around 10 to 12 years away

These are long-term goals and require consistent and strategic equity exposure.

Current SIP Portfolio Review

Let’s assess your current monthly SIP of Rs 25,000:

Mirae Asset Large & Midcap – Rs 2,000
This category balances stability and growth. Keep allocation minimal.

Mirae Asset ELSS – Rs 4,000
ELSS funds have 3-year lock-in. Useful only if you need tax benefit.
Avoid more than one ELSS fund.

ICICI Equity & Debt Fund – Rs 4,000
Hybrid funds reduce volatility. But not ideal for aggressive long-term growth.

Canara Robeco ELSS – Rs 4,000
You already have one ELSS. Two ELSS schemes dilute focus.

Canara Robeco Large Cap – Rs 2,000
Large caps give stability. Allocation is fine.

Quant Active – Rs 5,000
High-risk, high-return style. Can keep limited exposure.

Parag Parikh Flexi Cap – Rs 2,000
Well-managed diversified fund. Suitable for long-term.

Key Observations and Suggestions

Too Many Funds
Seven funds for Rs 25,000 monthly is excessive.
It spreads your money too thin.
Each fund needs minimum size to show results.

Duplicate Categories
Two ELSS funds. Avoid duplication.
If tax saving is not your aim, ELSS is unnecessary.

Overuse of Direct Funds
Direct funds may look cheaper.
But they offer no human support during market crashes.
Investors make emotional exits at wrong times.
Regular funds via Certified Financial Planner and MFD provide personalised support.
Direct fund route is risky for goal-based investing without expert review.

Avoid Index or ETF Investing
Index funds just copy the index.
They cannot outperform.
During correction phases, they fall more and recover slower.
Active funds are better. Fund managers can protect and grow your money.
ETFs are just index funds traded like shares.
They offer no advisory support and involve price volatility.

Recommended Portfolio Restructure

Here is a simplified suggestion:

One Flexicap Fund (for core long-term growth)

One Midcap Fund (for long-term wealth creation)

One Hybrid Aggressive Fund (to reduce volatility in short-term)

Optional: One ELSS Fund (only if you need Sec 80C deduction)

This way, you manage risk and get better returns with less complexity.

How to Allocate Your SIPs Wisely

Flexicap Fund – Rs 10,000

Midcap Fund – Rs 7,000

Hybrid Aggressive Fund – Rs 5,000

ELSS Fund – Rs 3,000 (only if required for tax)

This structure gives direction, clarity and growth focus.

Review Your Fund Performance Periodically

Don’t judge a fund by 1-year returns

See rolling performance across 3, 5 and 7 years

Check fund house stability, manager consistency

Avoid switching funds too frequently

Are Your SIPs Enough for Your Goals?

For Rs 2 Cr education fund in 12 years, you need focused allocation

For Rs 4 Cr retirement in 20 years, SIPs need to grow gradually

Current SIP of Rs 25,000/month may not be enough for both

You may need to increase it by 10% every year

As income grows, increase SIPs. Also do lumpsum whenever possible.
Track the gap between required and actual corpus annually.

Secure Your Child’s Future Better

You already have SIPs and term insurance.

Add a dedicated child fund (not child ULIP or plan from insurer)

Choose pure mutual funds.

Invest regularly. Track goals yearly.

Avoid gold ETF for child’s future. It doesn’t match education cost inflation.

About Your Term Insurance

You didn’t mention coverage amount

For Rs 6 Cr of goals, ideal cover is 12 to 15 times your income

Keep your term cover separate from investment

Review the policy every 3 to 5 years

Final Insights

Restructure funds. Avoid duplication and unnecessary direct funds

Use actively managed regular funds via CFP and MFD

Build child’s education corpus with discipline

Retirement corpus target is realistic. Increase SIPs gradually

Track fund performance every 6 months.

Do not mix insurance with investment.

Avoid ETF and Index Funds for wealth building

Maintain asset allocation. Review annually

Keep emergency fund in liquid fund or short-term plan

What You Can Do Next

Consolidate your funds

Consult a Certified Financial Planner to create a personalised goal tracker

Shift to a guided MFD platform that gives you regular review

Reinvest ELSS redemption amount after 3 years in the new structure

Ensure you have health insurance too – not mentioned above

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Nayagam P

Nayagam P P  |8259 Answers  |Ask -

Career Counsellor - Answered on Jul 08, 2025

Career
I got seat in eee in amrita amritapuri campus and eee in cusat soe which would be best , please suggest me a good college for my academics and research prospective
Ans: Dhananjayan, Amrita Vishwa Vidyapeetham’s Amritapuri campus offers a B.Tech in Electrical and Electronics Engineering with NBA accreditation, PhD-led faculty, advanced power-electronics, instrumentation and embedded-systems labs, and specialized research centres (Flexible Electronics & Advanced Materials, e-Learning, SMART Mobility) fostering interdisciplinary projects. Its 2022–23 batch recorded an 86.67% placement rate over three years with an average package of ?4.91 LPA. CUSAT School of Engineering’s EEE programme, under NAAC A+ accreditation, provides modern power-systems, control and communication labs, active research in Power & Energy Systems and Industrial Power Electronics, and industry internships through its Central Placement Office. The 2024–25 placements achieved an average package of ?5.40 LPA and approximately 80% branch-specific placement consistency for EEE. Both institutions ensure robust curricula, accredited programmes, experienced faculty, well-equipped infrastructure, strong industry tie-ups and dedicated placement support.

For deeper academic research immersion, interdisciplinary lab access and consistent core-sector placements, the recommendation is Amrita Amritapuri EEE. If higher average packages and broader corporate recruiter engagement in IT and power sectors are priorities, the recommendation shifts to CUSAT SOE EEE. All the BEST for Admission & a Prosperous Future!

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Asked on - Jul 08, 2025 | Answered on Jul 08, 2025
Thank-you sir
Ans: Welcome

...Read more

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