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Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on Nov 19, 2023

Mayank Rautela is the group chief human resources officer at Apollo Hospitals.
A management graduate from the Symbiosis Institute of Management Studies with a master's degree in labour laws from Pune University, Rautela has over 20 years of experience in general management, strategic human resources, global mergers and integrations and change management.... more
Asked by Anonymous - Nov 17, 2023Hindi
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Hi, Iam 49 Years old, working in ITES industry, I am an MBA with 20 plus years experience. However, I feel, that due to my age, I am increasingly feeling redundant in this industry, dominated by 30 year olds, What career options, I have, if I lost this job, Please advice

Ans: Hi, upgrade yourself and remain relevant. Changing industry at this stage is not advisable
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Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on Mar 18, 2021

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Hello Mayank,I am a commerce graduate and have around 15 years of experience in back office operations.I am currently working at the document management department in an oil and gas MNC at a designation equivalent to that of a senior clerk.I am nearing 40 and I will be losing my current job in the next few months.My problem is that I am searching for a new job since one year but not getting any interviews. I guess this is due to my age (I am 40 and still at the clerical level) and my salary (around Rs 50,000) which is a bit on higher side with respect to my designation in my city.I don't have the skillsets or attitude for a team leader or managerial position.At present, I am not in a financial and mental state to acquire new skill sets, learn new things or start new businesses which are obvious suggestions.I can't work in BPOs as they don't hire associates at this salary and particularly at this age. Besides, I am not comfortable working night shifts.Could you suggest some different solution to my problem as I have already figured out/tried the common ones.Thanks in advance.Name withheld on request.
Ans:

Hi.

Your question has so many ‘I can't’ statements that you have yourself ruled out many feasible options.

Please remember that, in the job market, there are many more qualified people than there are decent jobs. So you will certainly need to change your mindset and be flexible to adapt and learn new skill sets.

Even Sachin Tendulkar had to adapt to T-20 to play the IPL!

Approach the situation with a positive mindset and things will work out for you.

..Read more

Nayagam P

Nayagam P P  |4077 Answers  |Ask -

Career Counsellor - Answered on Dec 26, 2024

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Hello, i have 26 yrs of experience in the IT industry, and currently working as a consultant technical manager for important projects in several drdo labs in Hyderabad for the past few years. Despite being handson in coding, system design, I am also responsible for team management, deliverables, requirement analysis, and stakeholder management. I have an executive MBA from xlri and certification from pmi. Being 54 years of age, what are my options? Are there opportunities for people in the 50s? How about remote work or freelancing opportunities? I kind of find myself stuck and would like to explore opportunities. Any ideas? how to stay relevant in this ever changing world of technology?
Ans: Sumit Sir,
54-year-old with a strong background in the IT field, high-stakes projects, and an Executive MBA from XLRI can still stay relevant and look for opportunities. You can try for freelance consulting, work from home, coach, mentor, and train businesses in Agile methods, stakeholder handling, and team leadership.

To stay current, you can move into academic or research roles as an adjunct professor, work on research projects with universities or think tanks, or start your own business as a niche consultant.

To look for opportunities, make your LinkedIn profile stand out, share stories or insights, actively network, upskill strategically, and build a portfolio. Being old is an asset, but it's important to use it as a unique selling point and be flexible to stay competitive. By carefully using your skills and experience, you can open up many good opportunities and continue to thrive in the ever-changing tech world. All The Best for Your Prosperous Future.

Follow RediffGURUS to Know More on 'Jobs|Education|Careers'.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7666 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 28, 2025

Asked by Anonymous - Jan 28, 2025Hindi
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Money
I AM 46 YEAR OLOD WITH 42 YEARS OLD WIFE AND 2 KIDS AGED 12 & 7.I HAVE CORPUS OF ABOUT 1.7CR IN PF,30 L IN NPS , 75L IN PPF,40L INMFS AND 40 LAKHS IN FDS.I AHVE MY OWN HOME IN TIER 2 CITY.CAN I RETIRE WITHIN A YEAR.
Ans: Evaluating Your Current Financial Position
Your corpus is Rs. 3.55 crore, spread across various investment options.

PF (Rs. 1.7 crore) offers security and regular income post-retirement.

NPS (Rs. 30 lakh) provides a partial annuity option, though withdrawal rules apply.

PPF (Rs. 75 lakh) is risk-free with tax-free returns but has liquidity restrictions.

Mutual funds (Rs. 40 lakh) give growth potential but are market-linked.

FDs (Rs. 40 lakh) provide stability but may not beat inflation.

You own a home, which secures your housing needs.

Your spouse (42 years) and kids (12 and 7 years) add ongoing financial responsibilities.

Is Retirement Feasible Within a Year?
Retiring at 46 is achievable but depends on expense control and inflation.

Your corpus can support early retirement with disciplined investment.

Children's education and healthcare costs are key considerations.

Planning for Children’s Education
Higher education costs will increase significantly in the next 5-10 years.

Allocate separate funds for this goal in debt or balanced instruments.

Use PPF maturity or part of FDs for these expenses.

Creating an Emergency Fund
Set aside 12-18 months of expenses as an emergency fund (Rs. 6-9 lakh).

Liquid funds or high-interest savings accounts are ideal for emergencies.

This provides financial security during unforeseen events.

Insurance Coverage Assessment
Ensure adequate health insurance for your family, including top-up plans.

Consider health coverage of at least Rs. 20-25 lakh for medical emergencies.

Reassess life insurance for you and your spouse post-retirement.

Addressing Inflation
Inflation will erode your purchasing power over the years.

Allocate a portion of your corpus to equity mutual funds for growth.

Balanced investment ensures long-term financial stability.

Asset Allocation Strategy Post-Retirement
Equity Allocation
Invest 40%-45% in equity mutual funds for inflation-beating returns.

Choose actively managed large-cap or flexi-cap funds for moderate risk.

Avoid sector-specific or small-cap funds at this stage.

Debt Allocation
Keep 40%-45% in debt instruments like PPF, debt funds, and SCSS.

Debt funds offer better post-tax returns than FDs.

Use staggered withdrawals from PPF to fund expenses.

Gold Allocation
Maintain gold allocation through SGB or gold ETFs if needed.

Avoid increasing allocation as it doesn’t generate income.

Liquid Assets
Keep 5%-10% of your portfolio in liquid funds or savings accounts.

This ensures liquidity for short-term needs.

Generating Regular Income
Systematic Withdrawal Plans (SWP)
Use SWPs from mutual funds for tax-efficient monthly income.

Start with a 3%-4% annual withdrawal rate.

Reinvest unspent amounts to preserve corpus.

Laddered Fixed Deposits
Use laddered FDs for periodic and predictable cash flows.

Avoid reinvesting in FDs during low-interest rate cycles.

Senior Citizen Savings Scheme (SCSS)
SCSS offers stable returns but is taxable.

Invest within limits to balance stability and tax efficiency.

Tax Planning
Equity mutual funds’ LTCG above Rs. 1.25 lakh is taxed at 12.5%.

STCG on equity funds is taxed at 20%.

Debt mutual funds’ LTCG and STCG are taxed as per your tax slab.

Plan withdrawals carefully to minimise tax liability.

LIC and Investment Plans
If you hold LIC or investment-linked insurance, review its returns.

Surrender low-performing plans and reinvest in mutual funds for higher growth.

Consult a Certified Financial Planner for a detailed assessment.

Steps to Minimise Risks
Diversify across asset classes to reduce dependency on any one investment.

Review your portfolio annually to maintain balance.

Avoid emotional decision-making during market fluctuations.

Long-Term Financial Monitoring
Regularly review your spending to ensure it aligns with your plan.

Adjust your asset allocation based on lifestyle changes and market performance.

Seek guidance from a Certified Financial Planner for timely updates.

Final Insights
Your current corpus can support early retirement with efficient planning. Allocate funds wisely for children’s education and inflation. Build a diversified portfolio to ensure growth and stability. Prioritise regular income generation and tax efficiency.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7666 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 28, 2025

Asked by Anonymous - Jan 28, 2025Hindi
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Money
I want to retire this year 50 years. My corpus is PF 61L SSA 22L PPF 60L FD/ NSC/KVP 100L SGB 5L NPS 20L LIC 11L. I am having a son studying 12th and daughter 10th. My monthly expenses 50K.
Ans: Analysing Your Current Financial Position
Your total corpus is Rs. 2.79 crore, spread across multiple instruments.

PF (Rs. 61 lakh), SSA (Rs. 22 lakh), and PPF (Rs. 60 lakh) are secure investments.

FD/NSC/KVP of Rs. 1 crore provides stability but may not beat inflation.

SGB (Rs. 5 lakh) adds a small allocation to gold, ensuring diversification.

NPS (Rs. 20 lakh) and LIC (Rs. 11 lakh) contribute to your retirement corpus.

Monthly expenses of Rs. 50,000 require Rs. 6 lakh annually, excluding inflation.

Your children’s education expenses are a near-term priority.

Can You Retire This Year?
Your current corpus is adequate for early retirement, subject to proper allocation.

Inflation, healthcare costs, and children’s education require careful planning.

Regular income streams must be established from your corpus to cover expenses.

Financial Priorities Before Retirement
Children’s Education
Your son is in 12th, and your daughter is in 10th, requiring immediate planning.

Set aside a separate fund for higher education in secure instruments.

Use debt funds or PPF withdrawals to fund this goal without market risks.

Emergency Fund
Keep an emergency fund equal to 12-18 months of expenses (Rs. 6-9 lakh).

Use liquid funds or bank savings for this purpose.

This fund ensures liquidity during unexpected situations.

Insurance Review
Maintain adequate health insurance for the entire family.

Consider a top-up health insurance policy for higher coverage.

Reassess your life insurance needs post-retirement.

Inflation Protection
Inflation will erode the value of your savings over time.

Allocate a portion of your corpus to equity for growth.

Equity mutual funds can generate returns that beat inflation.

Ideal Asset Allocation Post-Retirement
Equity Allocation
Allocate 40%-50% of your corpus to equity for long-term growth.

Choose diversified or large-cap mutual funds for stability.

Avoid high-risk small-cap funds at this stage.

Debt Allocation
Keep 40%-45% in debt instruments for stable income.

Use a mix of debt mutual funds, SCSS, and PPF withdrawals.

Avoid over-concentration in FDs, as returns may not beat inflation.

Gold Allocation
SGB of Rs. 5 lakh is sufficient as a hedge against inflation.

Avoid increasing gold allocation unnecessarily.

Liquid Assets
Keep 5%-10% of your portfolio in liquid funds or savings accounts.

This ensures immediate access to funds during emergencies.

Generating Regular Income After Retirement
Systematic Withdrawal Plan (SWP)
Use SWP from mutual funds for tax-efficient monthly income.

Start with a 3%-4% withdrawal rate to preserve your corpus.

Laddered Fixed Deposits
Use laddered FDs for predictable and periodic cash flows.

This reduces reinvestment risk when FD rates are low.

Senior Citizen Savings Scheme (SCSS)
Invest in SCSS for secure and regular income.

Interest is taxable, but the stability makes it worth considering.

Tax Planning for Retirement
Long-term capital gains (LTCG) above Rs. 1.25 lakh on equity funds are taxed at 12.5%.

Short-term capital gains (STCG) on equity are taxed at 20%.

Debt mutual funds are taxed as per your income tax slab.

Withdraw funds systematically to optimise tax liability.

Recommendations for LIC
Evaluate the surrender value and future returns of your LIC policy.

If returns are low, consider surrendering and reinvesting in mutual funds.

Consult a Certified Financial Planner to assess the impact on your portfolio.

Steps to Minimise Risks
Diversify your portfolio across asset classes to reduce risk.

Avoid over-dependence on a single investment type, like FDs.

Rebalance your portfolio annually to maintain the desired asset allocation.

Monitoring and Reviewing
Review your financial plan annually or when there are major life changes.

Adjust your asset allocation as per your spending patterns and market performance.

Consult a Certified Financial Planner for regular portfolio reviews and updates.

Final Insights
Your current corpus is sufficient for early retirement with proper planning. Set aside funds for children’s education and emergencies before retiring. Diversify and rebalance your portfolio to maintain financial stability. Ensure tax efficiency and inflation protection for long-term sustainability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Harsh

Harsh Bharwani  |72 Answers  |Ask -

Entrepreneurship Expert - Answered on Jan 28, 2025

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Career
What business can be started by investing one crore rupees?
Ans: Hello Mr. Avnish
Investing one crore rupees provides opportunities to establish impactful businesses like an education franchise, an IT company and other fields, which have strong growth potential.

1. Education Franchise-
Partnering with established brands like top educational companies, institutes, and centres is a lucrative opportunity to provide training, education or other services. With an investment of ?30-50 lakh covering franchise fees, infrastructure and marketing, the education sector offers an ROI of 15-30% annually. Education is a recession-proof industry, and choosing a location near schools or residential areas can ensure high enrollment. Vocational training franchises can focus on specialized areas like IT, networking or soft skills, which attract both students and corporate clients. Generally, break-even is achieved within 1.5 to 3 years.

2. IT/Software Company-
Starting an IT or software development company focused on high-demand areas like SaaS, AI or Fintech is an excellent opportunity for exponential growth. With an investment of ?50 lakh to ?1 crore primarily for hiring skilled developers, infrastructure, and marketing, this venture can deliver an ROI of 25-50% annually. Niche markets such as blockchain, cloud computing, or cybersecurity offer access to high-value projects. Building a strong portfolio through smaller contracts can pave the way for acquiring larger clients. Scalability is enormous, and adopting remote operations can help reduce overhead costs. Break-even is usually achieved within 2-3 years.

3. Healthcare Clinic or Diagnostic Centre-
The growing demand for quality healthcare services makes setting up a diagnostic lab, speciality clinic, or wellness centre a promising business. With an investment of ?60 lakh to ?1 crore for medical equipment, premises, and marketing, the healthcare sector offers an ROI of 20-30% annually. Services such as pathology, radiology, or speciality care (e.g., dental or physiotherapy) are in great demand. Partnering with healthcare professionals and offering subscription-based health packages can improve cash flow. Break-even typically occurs within 2-4 years.

4. Retail Franchise (Specialized Products)-
Launching a franchise for specific products like an organic food store, branded apparel or tech gadgets can be a profitable venture. With an investment of ?30-70 lakh covering the franchise fee, inventory and setup, retail franchises offer an ROI of 15-25% annually. Brands like Decathlon, Fabindia or Apple Authorized Reseller already have strong customer bases. Selecting a high-traffic area ensures steady sales, and expanding into e-commerce can further expand market reach. Break-even is typically achieved within 2-3 years.

5. Electric Vehicle (EV) Charging Stations-
The growing demand for sustainable energy solutions makes setting up an EV charging station a far-sighted investment. With an investment of ?50-75 lakh for equipment, installation, and licenses, EV charging stations can generate an ROI of 20-30% annually. Partnering with government programs or EV manufacturers can increase reliability. A location in a high-traffic area or near residential areas ensures steady usage. Additional revenue streams, such as an on-site café or convenience store, can further boost profits. Break-even is typically achieved in 3-5 years.

Key Considerations-
Market Research: Understand the demand, competition, and future trends in your chosen sector.
Location: Choose locations strategically based on target demographics and accessibility.
Scalability: Opt for businesses with room for expansion, such as adding new locations or diversifying services.
Break-Even: Most businesses achieve profitability within 2-4 years with proper planning.

...Read more

Harsh

Harsh Bharwani  |72 Answers  |Ask -

Entrepreneurship Expert - Answered on Jan 28, 2025

Asked by Anonymous - Jan 20, 2025Hindi
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Career
How AI is going to help in construction equipment sales and magketing?
Ans: Artificial intelligence is revolutionizing construction equipment sales and marketing by increasing efficiency, accuracy, and customer engagement. For example, AI-powered tools like Salesforce Einstein or HubSpot CRM can analyze market data to predict demand trends, helping businesses optimize inventory and pricing strategies. Similarly, platforms like Marketo use AI to create personalized marketing campaigns by understanding customer preferences, sending targeted emails, and making tailored recommendations.

In sales, AI-powered chatbots, such as those using Dialogflow or ChatGPT, provide instant customer support, answering questions and guiding buyers through their journey. For example, a customer searching for a bulldozer can instantly receive suggestions for the model best suited to their project needs, including pricing and availability. Predictive analytics tools like Crystal can identify high-value leads, helping sales teams prioritize efforts and close deals faster.

Additionally, AI simplifies repetitive tasks such as follow-ups, appointment scheduling, and data entry using automation tools like Zapier. For example, an AI system can automatically notify a sales representative when a potential customer revisits a company website or downloads a brochure, indicating interest.

Overall, AI manufacturing tools help businesses streamline processes, reduce costs, and deliver exceptional customer experiences, ultimately leading to higher sales and better ROI.

...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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