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Shekhar

Shekhar Kumar  | Answer  |Ask -

Leadership, HR Expert - Answered on Apr 21, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Rakhi Question by Rakhi on Apr 18, 2024Hindi
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Hello I am working in a psb from last 8years. Currently i am holding manager position in the bank and want to switch in profile other than finance . I m graduate in statistics and have no active skill in IT. In which sector i can move ahead . Also in Finance is there any other department which is more inclined to the new updated technology and skill that we can develop to switch.

Ans: Thank you for getting in touch with me on Rediff Gurus. Given your background in statistics and experience in banking, there are several sectors you could consider transitioning into that leverage your analytical skills and managerial experience. You could explore roles such as data analyst, business analyst, or data scientist, where you would use statistical techniques and analytical tools to derive insights from data and inform business strategies. Your managerial experience could be beneficial in roles such as operations manager or operations analyst, where you would oversee and optimize operational processes for efficiency and effectiveness. You could also explore opportunities in fintech startups or established fintech companies, where you could contribute your expertise to develop and implement cutting-edge financial solutions as well. Additionally, within the finance sector, there are departments that are increasingly adopting new technologies and skills, providing opportunities for growth and transition.

In terms of finance departments that are more inclined to new technologies and skills, areas such as financial technology (fintech), quantitative finance, and financial analytics are increasingly adopting advanced technologies such as artificial intelligence, machine learning, blockchain, and big data analytics. By developing skills in these areas, such as programming languages (e.g., Python, R), data analysis tools (e.g., SQL, Tableau), and understanding of financial markets and products, you could position yourself for roles that are at the intersection of finance and technology.

Ultimately, the key is to identify your interests, strengths, and career goals, and then explore opportunities that align with them. Consider networking with professionals in your desired field, gaining relevant certifications or qualifications, and seeking out mentorship or guidance to support your transition. With your background and experience, you have valuable skills that can be applied in a variety of sectors and roles beyond finance.
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Shekhar

Shekhar Kumar  | Answer  |Ask -

Leadership, HR Expert - Answered on May 23, 2024

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Hello I am working in a psb from last 8years. Currently i am holding manager position in the bank and want to switch in profile other than finance . I m graduate in agriculture and have no active skill in IT. In which sector i can move ahead.
Ans: Making a career switch after eight years in a public sector bank (PSB) and holding a managerial position is a significant move. Given your background in agriculture and the desire to explore fields outside finance, there are several promising sectors you can consider. Given your educational background in agriculture, this sector is a natural fit. Various roles here could align with your experience and interests. Use your managerial experience to work for companies involved in the production, processing, and distribution of agricultural products. Work with NGOs, government programs, or international organizations focused on rural development and agricultural projects. Although you mentioned not having active IT skills, the agri-tech sector often looks for professionals who can bridge the gap between technology and traditional agricultural practices. Learning basic tech skills could be beneficial. Project management roles in infrastructure development often require a combination of management skills and knowledge of ground realities, which your agriculture background might support. Roles in managing projects related to sustainability, conservation, and environmental protection. Companies in various sectors need efficient managers to oversee their supply chain operations. You can work in the sales or marketing of seeds, fertilizers, pesticides, or agricultural machinery.

..Read more

Nayagam P

Nayagam P P  |3915 Answers  |Ask -

Career Counsellor - Answered on Oct 21, 2024

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HELLO, I am working in old generation pvt sector Bank for the last 15 years and presently posted as Branch Manager in a metro branch. I am a math graduate and my age is 40+. I am completed JAIIB AND CAIIB. I want to switch from Banking to other sector. Please guide
Ans: Raj Sir, Please stay with the bank and don't quit until you find employment outside of the banking industry. Depending on your interests, aptitude, attitude, & personality traits and the job market trends, you will need to choose amongst alternative career options. Additionally, if you choose to transition to a different field, you need to be knowledgeable about that field and/or gain the skills and expertise that nearly all employers and recruiters require. Make a shortlist of your interests, set up job notifications on LinkedIn to learn about open positions, and continue to improve your skills through both online and offline channels. You must, however, consider the essential and noteworthy qualities or benefits that you will gain by taking these courses, such as: (a) the course's relevance; (b) accreditation and recognition; (c) the instructors' expertise; (d) the course's content and curriculum; (e) the learning format and flexibility; (f) the duration and commitment; (g) the fee structure; (h) the certifying authority and credibility; (i) evaluations and endorsements; (j) post-certification assistance/career services; (k) the evaluation and certification process; and (l) the technological framework used. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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Pradeep

Pradeep Pramanik  |186 Answers  |Ask -

Career And Placement Consultant - Answered on Nov 21, 2024

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I am looking for a job, I had uploaded my resume in job site. A consultant called me & introduced himself telling he know some of the openings. He had a detailed discussion about my job & my skills. He told need to register to his consultancy for scheduling interview. I registered with him & he got me a interview. Interview was done by the company through skype. I could not see the company persons. They told only they can see me. Interview went on well & regarding salary I told my expectation but they told it is not possible & they told their proposal. Finally I agreed to them. They gave me code & told to visit the company for next round. Consultant called me after first round & told recruiter is very happy with the interview. Regarding salary he told why I agreed for the proposal,he will discuss again & asked to pay charges for some of his services which he will refund the day I visit to the company & take the orders. I paid him. He told there is a increase in salary he has discussed with recruiter & again asked for the money I did only partial payment & further will not pay anything. Second round also happened through skype instead of in person. Interview went on well & salary offered was good comparing to before & there was a big jump. Recruiter told they have planned to give additional responsibilities so they have increased. Finally they gave me a date to visit company. I asked when will I get the order, he replied he will send to consultant as I was taken by them. Till now i did not get the orders, consultant is keep on postponing. Now he told visit to company date is also postponed, he will update in next week & not to worry as job is confirmed. Now not understanding what to do, am I been cheated or wait.
Ans: Dear Mr. Keshava ,

There are many unscruplous job agents who are fake and claim themselves to be a Placement consultant. In short You have been cheated . Before paying any fee for registration , you must ensure that the agency is genuine . If not don't even upload your resume . You may write to company , lodge a complaint against the agency. If the amount is very high , pl. take the help of police . .

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Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 21, 2024

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I hv started sip in 2008 and still continued , now the monthly sip is 55k and total value is 1.85cr. Need to accumulate 7cr with in next 4 yrs pls guide how can i achieve. - Deepak J. Hajari
Ans: Deepak, your long-term SIP discipline is impressive. Accumulating Rs. 7 crore in 4 years is ambitious. Achieving this goal requires a strategic approach, as time is limited. Let's create an actionable plan for your success.

Current Financial Snapshot
Ongoing SIPs: Rs. 55,000 monthly.
Current Portfolio Value: Rs. 1.85 crore.
Target Corpus: Rs. 7 crore within 4 years.
Your consistent investing habits have built a solid foundation. However, to achieve your target, adjustments are needed.

Key Challenges
Short Time Frame: Four years is a limited period for aggressive wealth accumulation.
Significant Gap: A gap of Rs. 5.15 crore remains to meet the Rs. 7 crore goal.
Market Volatility: Equity investments might face short-term volatility.
Recommendations to Bridge the Gap
1. Increase Your SIP Contributions
Raise your SIP amount to Rs. 1.25 lakh per month.
This increase ensures faster wealth creation through compounding.
Prioritise high-growth funds in equity-oriented categories.
2. Invest Lump Sum Amounts
Consider deploying a lump sum if you have idle savings or low-yield investments.
Invest in aggressive equity mutual funds for higher potential returns.
Break down the lump sum into tranches for better market timing.
3. Diversify into High-Growth Mutual Funds
Focus on small-cap and mid-cap mutual funds for higher growth potential.
Maintain a balance with some large-cap exposure for stability.
Ensure the portfolio aligns with your high-return requirements.
4. Avoid Overexposure to Debt or Low-Yield Instruments
Limit debt investments during this aggressive growth phase.
Avoid instruments like FDs or debt mutual funds with lower returns.
Rely on equity for the next four years to maximise growth.
5. Rebalance Your Portfolio Regularly
Conduct a portfolio review every 6 months.
Reallocate funds based on underperforming or outperforming sectors.
Keep your portfolio aligned with market trends and your goals.
6. Capitalize on Bonus or Windfall Gains
Direct any bonuses, salary hikes, or windfall gains towards your target.
Avoid unnecessary expenses during this focused phase.
Tax Efficiency Matters
Equity Mutual Funds Taxation: Gains above Rs. 1.25 lakh are taxed at 12.5%.
Debt Mutual Funds Taxation: Taxed as per your income slab.
Plan redemptions strategically to minimise tax liabilities.
Leverage Market Opportunities
Benefit from Market Corrections: Use corrections as opportunities to invest lump sums.
Stay Invested for Compounding: Avoid early redemptions to let compounding work fully.
Role of Regular Monitoring
Track Performance: Ensure funds are performing as per expectations.
Switch Funds if Needed: Shift from underperforming funds to high-growth options.
Final Insights
Deepak, achieving Rs. 7 crore in 4 years requires aggressive yet calculated strategies. Increase your SIPs, deploy lump sums, and focus on high-growth funds. Regular monitoring and disciplined investing are key to your success. Stay patient and consistent.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 20, 2024Hindi
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I am 50 yrs old. If I invest 60k per month for 10 yrs in SIPs of MF then will I be able to achieve the corpus of Rs. 2.50 Crs and if not how much shall I invest per month and in which SIP schemes
Ans: You have a clear goal to invest Rs. 60,000 per month for 10 years. The goal is to accumulate Rs. 2.5 crore through mutual fund SIPs. Let us analyse your query in detail and provide actionable insights.

Evaluating the Feasibility of Your Investment Plan
10-Year Time Frame:
Ten years is a medium-term horizon. Equity-based mutual funds offer good growth potential for this period.

Monthly SIP Contribution:
A SIP of Rs. 60,000 is significant. It shows your commitment to wealth creation.

Target Corpus Analysis:
The target of Rs. 2.5 crore depends on consistent returns. Market performance influences results.

Expected Returns:
Equity funds can give 10%-12% annualised returns in the long run. However, returns are not guaranteed.

Is Rs. 60,000 Sufficient?
Your current contribution may not be sufficient to reach Rs. 2.5 crore in 10 years.

For 10%-12% Returns:
You might accumulate Rs. 1.9–2.1 crore. There could be a shortfall of Rs. 40–60 lakh.

Solution:
Increase your SIP amount to Rs. 75,000–80,000 monthly for a better chance of achieving the goal.

Optimising Your SIP Contributions
Step-Up SIPs:
Increase your SIP amount by 5%-10% every year. This adjusts for inflation and higher earnings.

Lump Sum Boost:
If you have surplus funds, invest a lump sum. This accelerates your goal.

Diversify Investments:
Allocate across equity and hybrid funds for balanced growth and risk management.

Selecting the Right SIP Investments
Actively managed funds are suitable for your goals. Avoid index funds due to their limitations.

Equity Funds for Growth:
These funds have high growth potential over 10 years.

Diversified Portfolio:
Choose funds across large-cap, mid-cap, and multi-cap categories. This spreads risk effectively.

Hybrid Funds:
Hybrid funds provide stability by balancing equity and debt investments.

Avoiding Direct Funds
Investing through direct funds might seem cost-effective but has drawbacks.

Limited Guidance:
Direct funds lack professional advice. This could lead to suboptimal fund choices.

Benefits of Regular Plans:
A Certified Financial Planner ensures proper fund selection and portfolio review.

Managing Tax Implications
Understanding taxation helps optimise your returns.

Long-Term Gains:
LTCG above Rs. 1.25 lakh is taxed at 12.5%. Plan redemptions strategically.

Short-Term Gains:
STCG on equity is taxed at 20%. Avoid frequent withdrawals to minimise this tax.

Hybrid Funds Taxation:
Gains from hybrid funds are taxed as per your income slab.

Steps to Achieve Rs. 2.5 Crore
Increase SIP Amount:
Raise your SIP to Rs. 75,000–80,000 monthly.

Review Annually:
Monitor portfolio performance and adjust investments.

Use a Balanced Strategy:
Combine equity funds with hybrid funds to optimise risk and return.

Seek Professional Help:
Work with a Certified Financial Planner to refine your plan.

Final Insights
Your goal of Rs. 2.5 crore in 10 years is achievable with adjustments. Increase your SIP amount and maintain discipline. Diversify investments and periodically review the portfolio. A Certified Financial Planner can guide you for maximum efficiency and clarity.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |7097 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi
Money
Im a 34 year old, my father is planning on selling a property from which he would provide me with a gift of 1 Crore. At the moment , since my business has not launched, I would like to be earning interest from the Corpus amount and would also like to have a withdrawal of around 40-50K per month. Im very new to investing, and all i know is , getting half baked answers just isnt worth it. So im asking the experts, what is a realistic return that I could hope for? Provided its invested into mutual funds and debt funds. I would like to protect the corpus and make it grow while also trying to a withdrawal of 50-k per month.
Ans: Firstly, it's fantastic that you're approaching your investment decisions with a clear goal in mind. Receiving a gift of Rs 1 Crore from your father is a significant opportunity. Your desire to earn regular income while protecting and growing the principal corpus is a smart approach, especially given the current stage of your business. Let’s explore a realistic strategy for achieving your goal of monthly withdrawals while ensuring long-term growth.

Key Objectives
Preserve the Corpus: Ensuring the Rs 1 Crore grows steadily and does not erode.
Generate Monthly Income: Aiming for Rs 40,000–50,000 monthly withdrawals to meet your cash flow needs.
Balanced Risk: A mix of investments in mutual funds and debt funds to balance growth with security.
Types of Funds to Consider
To achieve your objectives, the portfolio needs to include a mix of debt and equity mutual funds. Here’s an overview of each option:

1. Debt Funds (Low-Risk)
Debt funds are ideal for stability. They typically offer steady returns with lower volatility. These funds invest in bonds, government securities, and corporate debt.

Stability: They offer relatively stable returns with low risk to the principal.
Monthly Income: Debt funds with monthly income plans (MIPs) can provide regular payouts.
Expected Returns: Historically, debt funds return 7-9% annually, depending on the type and tenure of the bonds they invest in.
2. Equity Mutual Funds (Moderate to High-Risk)
Equity funds invest in stocks and can offer higher returns, but with more volatility. Over the long term, they have the potential to outperform debt funds, though there can be short-term fluctuations.

Growth Potential: Equity funds are essential for capital appreciation.
Risk Profile: Equity mutual funds carry more risk but can provide higher long-term returns.
Expected Returns: Historically, equity funds can offer 10-15% returns per annum, depending on market conditions and fund management.
Expected Return and Withdrawal Strategy
Given your goal of withdrawing Rs 40,000–50,000 monthly (Rs 4.8–6 lakh annually), let’s assess a realistic return scenario:

1. Required Returns for Monthly Withdrawal
To generate Rs 4.8–6 lakh annually, you need to have a combination of income and growth.
Assumption: You need a mix of debt and equity funds. If you target an average return of 8-9% per annum from debt and equity, your portfolio should generate enough income.
2. Risk-Return Balance
Debt Funds: These funds will give stability and a guaranteed income, but at a lower return rate.
Equity Funds: These can help grow your corpus and offer a better chance of increasing the monthly withdrawal amount over time.
3. Potential Returns Based on Allocation
50% Debt Funds: Target return of 7-8% annually.
50% Equity Funds: Target return of 12-14% annually.
This balanced approach provides income and growth, helping you meet your withdrawal goal while maintaining long-term growth.

Portfolio Structure Suggestions
1. Debt Fund Allocation (50%)
Why Debt?: Debt funds offer lower risk and more predictable returns, making them suitable for generating a steady income.
Types of Debt Funds to Consider:
Corporate Bond Funds: These offer better returns than government bond funds, but at slightly higher risk.
Short-Term Debt Funds: These funds invest in short-term instruments and are less sensitive to interest rate changes.
Monthly Income Plans (MIPs): These funds are specifically designed to provide monthly payouts, offering an income stream.
2. Equity Fund Allocation (50%)
Why Equity?: Equity funds will provide higher returns and help your corpus grow over time. They are necessary for long-term wealth creation.
Types of Equity Funds to Consider:
Large-Cap Funds: These invest in well-established companies with a stable growth record.
Flexi-Cap Funds: These funds invest across all market caps, allowing flexibility to choose the best opportunities.
Hybrid Funds: A mix of debt and equity, hybrid funds are suitable for balancing risk and return.
Tax Considerations for Your Portfolio
Mutual fund investments are subject to taxes on the capital gains.

Equity Funds:
Long-Term Capital Gains (LTCG): If held for more than 1 year, LTCG above Rs 1.25 lakh is taxed at 12.5%.
Short-Term Capital Gains (STCG): If sold within 1 year, STCG is taxed at 15%.
Debt Funds:
LTCG: If held for more than 3 years, debt fund gains are taxed at 20% with indexation benefits.
STCG: If sold within 3 years, gains are taxed according to your income tax slab.
You should plan your withdrawals in a way that balances both income generation and tax efficiency.

Risk Management and Capital Preservation
Your focus on preserving the corpus is essential. While debt funds provide safety, equity funds add the potential for capital appreciation. To protect your capital:

Diversify Across Different Asset Classes: Ensure a mix of debt, equity, and hybrid funds.
Review Portfolio Regularly: Market conditions change, and it’s important to keep your portfolio aligned with your risk tolerance and financial goals.
Avoid Overconcentration: Don’t put all your funds into one type of asset. Spread your investments across sectors and instruments.
Steps to Implement Your Strategy
1. Choose Mutual Funds Through an MFD with CFP Credentials
Why?: Investing through a Certified Financial Planner (CFP) ensures your investments are aligned with your long-term goals and risk profile.
Avoid Direct Funds: While direct funds have lower expense ratios, you miss out on valuable advisory support. An MFD offers curated fund selection, tax advice, and regular portfolio reviews.
2. Start with a 50-50 Debt-Equity Split
Debt: Focus on short-term and MIPs for income generation.
Equity: Invest in large-cap or flexi-cap funds for long-term growth.
3. Monitor and Rebalance
Rebalance your portfolio annually based on market performance and changing needs.
Adjust debt and equity allocations depending on your withdrawal requirements and market conditions.
Final Insights
With Rs 1 Crore, you can generate enough income for your monthly withdrawals while allowing your money to grow. A balanced approach of 50% debt funds and 50% equity funds is a realistic strategy to achieve this. Your investment portfolio will ensure that you have both stability and growth, helping you meet your cash flow needs while protecting and growing your corpus.

It's crucial to engage with a Certified Financial Planner to tailor the investment strategy to your exact needs. Their expertise will help you make better decisions for both tax efficiency and long-term wealth creation.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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