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R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Feb 19, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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S Question by S on Jun 13, 2023Hindi
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Sir, my son is joining b tech mechanical at VIT vellore. Sir, what is the scope of getting job in core subject.

Ans: Congratulations to your son on joining B.Tech in Mechanical Engineering at VIT Vellore! Mechanical engineering is a fascinating field with diverse opportunities. Let’s explore the scope of job prospects in the core subject:

Placements at VIT Vellore:
The 2023 placements at VIT Vellore were quite promising. The average package for B.Tech graduates stood at INR 9.23 LPA, and the highest package reached INR 1.02 CPA.
Renowned companies like TCS, Microsoft, Airbnb, Qualcomm, and others actively recruited from VIT Vellore.
The placement drive witnessed super dream offers, dream offers, and regular offers, providing a wide range of opportunities for students.
Industry Demand:
Mechanical engineers are in demand across various sectors such as automobiles, manufacturing, energy, aerospace, and robotics.
Core mechanical roles involve designing, analyzing, and maintaining machinery, systems, and structures.
Job Roles:
Here are some common job roles for mechanical engineers:
Design Engineer: Creating and improving product designs using CAD software.
Production Engineer: Overseeing manufacturing processes and ensuring efficiency.
Quality Control Engineer: Ensuring product quality through inspections and testing.
Maintenance Engineer: Keeping machinery and equipment operational.
Research and Development (R&D) Engineer: Innovating and developing new products.
Automotive Engineer: Designing and improving vehicle components.
Energy Engineer: Focusing on sustainable energy solutions.
Aerospace Engineer: Working on aircraft and spacecraft design.
Higher Studies Options:
If your son is interested in further studies, pursuing an M.Tech or MBA can enhance career prospects.
Specializing in areas like thermal engineering, robotics, materials science, or automotive engineering can open up niche opportunities.
Skill Development:
Encourage your son to develop strong skills in CAD modeling, simulation, programming, and problem-solving.
Soft skills like communication, teamwork, and adaptability are equally important.
Internships and Projects:
Engaging in internships and hands-on projects during college helps build practical experience.
VIT Vellore also offers summer internships, which can provide valuable exposure.
Remember that success in any field depends not only on academic knowledge but also on passion, dedication, and continuous learning. Encourage your son to explore his interests, network with professionals, and stay updated with industry trends. With the right mindset and skills, he can have a rewarding career in mechanical engineering!
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Ramalingam

Ramalingam Kalirajan  |7070 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 20, 2024

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Sir, in how many years , I can turn 1crore to 20 crore.So that I can retire.Im investing about 1.35lakh as sip every month . Im 44 now . I have about 60 lakh iin different funds now, im hoping to reach a crore 2026.Thanks in advance.
Ans: To achieve a corpus of Rs 20 crore with your current financial inputs, let's break it down step by step:

Your Current Investments and SIP Plan
Current Investment: Rs 60 lakh (expected to grow to Rs 1 crore by 2026).
Monthly SIP Contribution: Rs 1.35 lakh.
Expected Rate of Return: 12% annually.
Timeframe to Reach Rs 20 Crore
With a starting corpus of Rs 1 crore (by 2026) and continuing a SIP of Rs 1.35 lakh monthly at 12%, it will take 23 years to grow to Rs 20 crore.
By the time you turn 67 years old, your desired retirement corpus can be achieved.


Key Assumptions
The 12% return assumption is realistic for equity-heavy portfolios. However, past performance is no guarantee for the future.
The SIP contributions should continue consistently without interruption for the given timeframe.
Inflation and changing lifestyle expenses are not considered here.

Points to Consider
Diversify Your Investments: Ensure your portfolio includes a mix of equity and debt. Adjust allocations as you approach retirement to reduce risk.

Monitor Progress Regularly: Periodically review your investments and returns. Rebalancing may be necessary to stay aligned with your goal.

Increase SIP Contributions Gradually: With rising income, consider increasing your SIPs by 5-10% annually to reduce the timeframe.

Emergency Fund and Insurance: Ensure you have a robust emergency fund and sufficient term insurance to secure your family.

High-Level Suggestion
We can fine-tune the investment strategy and assess the risks involved in detail.

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

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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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