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Baqar Iftikhar Naqvi |107 Answers |Ask -Follow

Start-up Mentor - Answered on Feb 23, 2024

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more

Asked by Anonymous - Feb 22, 2024Hindi

Career

I lost my job in November 2023 and now I'm struggling to find a job to survive but i want to start a business. I don't have any experience of running a business and my savings are 50-60k. I'm 28 years old. Please suggest me something. Thanks in advance

Ans: Unfortunately, finding a job is much easier than running a startup/ business. My suggestion is please put your heart and soul in searching for a job, and leave the though of doing a business. You neither have any experience, nor capital, nor any business idea.. How do you intend to start a business?

You may like to see similar questions and answers below

Baqar Iftikhar Naqvi |107 Answers |Ask -Follow

Start-up Mentor - Answered on Sep 08, 2023

Question by Abdul - Sep 08, 2023Hindi

Career

Sir I lost my job and jobless for past 2 years trying to survive my livelihood need your suggestion how to start my own business

Ans: Reskill or Upskill yourself first. Find a decent job and rebuild your career. Doing your own thing is more riskier than finding a job.

Baqar Iftikhar Naqvi |107 Answers |Ask -Follow

Start-up Mentor - Answered on Sep 13, 2023

Asked by Anonymous - Sep 11, 2023Hindi

Assalamualaikum, I am 48 ,a jobless man. I want to start some business but have no idea about what, how and where from to start. Please suggest something and guide me.

Ans: The first trait about an entrepreneur is the ability to solve problems through innovative solutions. If you have no idea about what to do , how to do etc. how will you ever do business. Please don’t waste time in finding an idea.. look for a job. It is more safer and easier to do a job.

Baqar Iftikhar Naqvi |107 Answers |Ask -Follow

Start-up Mentor - Answered on Feb 09, 2024

Asked by Anonymous - Nov 05, 2023Hindi

Career

Hi expert team, good morning. I am 25 years old, i am looking for a business to start, but I don't know how to start and which business is good for financial support to me and I need a help on it. I need the financial support and business process .

Ans: Understanding your question, I can clearly see you are not ready yet. You neither have a business idea, nor a plan or resources. You are looking for some expert to tell you everything, which is a non starter.

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Ramalingam Kalirajan |1962 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Question by Sridhar - May 11, 2024Hindi

Money

Hi, Can you please give feedback on my portfolio and advise on changes that could be worth considering? My horizon is 10+ years. Below are the SIPs (Monthly) Parag Parikh FlexiCap fund - Rs. 51,000/- Nippon India Multi Cap fund - Rs. 40,000/- Mirae Asset Large & Mid Cap fund - Rs. 25,000/- Mirae Asset Aggressive Hybrid Fund - Rs. 50,000/- Thanks, Sridhar

Ans: Feedback on your Mutual Fund Portfolio (10+ year horizon)
Strengths:

Diversification: Your portfolio has good diversification across asset classes with a mix of flexi-cap, multi-cap, large & mid-cap funds, and an aggressive hybrid fund. This helps spread risk and capture growth from different market segments.
Long-term Focus: A 10+ year horizon allows you to ride out market fluctuations and benefit from potential long-term growth in equities.
Areas for Potential Improvement:

Equity Weightage: Your portfolio has a significant allocation (around 70%) towards aggressive equity funds (Parag Parikh Flexi Cap, Nippon India Multi Cap, Mirae Asset Large & Mid Cap). While this can be good for growth potential, it also carries higher risk.
Debt Allocation: Consider including a dedicated debt fund to balance your portfolio and provide stability. This is especially important as you near retirement.
Aggressive Hybrid Fund: The Mirae Asset Aggressive Hybrid Fund invests in a mix of equity and debt. While it provides some stability, it might not offer the same growth potential as your pure equity funds. Consider if this aligns with your risk tolerance.
Recommendations (consult a CFP for personalized advice):

Review Asset Allocation: Analyze your risk tolerance and adjust your equity-debt ratio. A 10-year horizon allows for a more aggressive allocation, but consider adding a debt fund for stability (10-20% of your portfolio).

Evaluate Aggressive Hybrid Fund: Decide if the Mirae Asset Aggressive Hybrid Fund aligns with your goals. You could consider replacing it with a pure equity fund for potentially higher growth, or a more conservative hybrid fund for more stability.

Review Fund Performance: While diversification is good, monitor the performance of each fund within your portfolio. If a fund consistently underperforms its peers, consider replacing it with a better performing option.

Overall, your portfolio has a good foundation for a long-term investment strategy. Consulting a Certified Financial Planner (CFP) can provide a more personalized assessment and recommendations based on your specific financial goals and risk tolerance.

Ramalingam Kalirajan |1962 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 11, 2024Hindi

Money

Sir, I am 59 and a private employee without any retirement benefits. I am doing MF sip for the last 3 years for my retirement. I have a total of 40 lakh in MF. There is no age restriction for retirement in our organisation, I want to work for 5 more years to have a fund of 1 crore. How much sip should I do and in which funds ?

Ans: Here's how you can plan for your retirement, considering your current situation:

Reaching 1 Crore Corpus:

Additional SIP: To reach 1 crore in 5 years, assuming a 12% annual return (aggressive assumption, actual returns may vary), you'd need to invest an additional Rs.33,000 per month (using a SIP calculator). This adds to your existing SIP amount.
Investment Strategy:

Continue Existing SIP: It's good to continue your existing SIP as it forms your investment base.
Diversify for Growth: Consider a diversified aggressive portfolio for the additional SIP to potentially maximize growth within a 5-year timeframe. This could include:
Large-Cap Funds: Invest a portion in large-cap funds for stability and growth.
Multi-Cap Funds: Invest a portion in multi-cap funds for broader market exposure and growth potential.
Mid-Cap Funds (Optional): A small portion in mid-cap funds can add growth potential, but also carries higher risk.
Consultation is Key: These are general suggestions. Consulting a Certified Financial Planner (CFP) is highly recommended. They can consider your risk tolerance, existing MF portfolio, and desired retirement corpus to create a personalized investment plan.

Remember:

Market Volatility: The stock market is volatile. There's no guarantee of 12% returns, and you might face fluctuations.
Review Portfolio: Regularly review your portfolio with your CFP to ensure it aligns with your evolving goals and risk tolerance.
Alternative Scenario:

If a more aggressive investment approach concerns you, consider working a few extra years to reach your desired corpus. This reduces the monthly SIP amount required.

Reaching your retirement goals is achievable! Plan wisely, diversify, and seek professional guidance for a secure future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Sushil Sukhwani |350 Answers |Ask -Follow

Study Abroad Expert - Answered on May 11, 2024

Asked by Anonymous - Apr 27, 2024Hindi

Career

Hello Sir, My daughter has got offer of admission in B.A.(Hons.) International Affairs/Global Affairs in Jindal Global School and Flame University with a choice to choose Social policy as a major or minor after 1st year. Also, she has got offer of admission in the same coursw from decent universities in the UK and Australia. Please let me know how is this course and its Career Prospects. She is also appearing for CUET and keen on Pol.Science Hons or Sociology Hons from a reputed college of DU. Please guide/advise which one to go for..?

Ans: Hello. Thank you for contacting us. Congratulations to your daughter on receiving admission offers from such esteemed institutions. Firstly, coming to her options in the UK and Australia, studying international affairs and global affairs offers a valuable global perspective and networking opportunities. Apart from just studying abroad, she would get international exposure and a chance to have an interdisciplinary programme covering a wide range of subjects like international relations, political science, economics, history, and sociology. In terms of career prospects, a degree in international affairs or global affairs opens doors to such opportunities as international diplomacy, government, non-governmental organisations (NGOs), international business, journalism, and international development. As a result of her interest in political science (honours) or sociology (honours) at a reputed college, she would get to study a wide range of subjects. It would be good if she carefully assessed her interests and looked into where they actually lie. It would be good if she conducted thorough research and decided on the programme as per her academic interests, career aspirations, and personal preferences.

All the best for her future endeavours.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

Sushil Sukhwani |350 Answers |Ask -Follow

Study Abroad Expert - Answered on May 11, 2024

Asked by Anonymous - Apr 24, 2024Hindi

Career

My daughter is completing her 5 years integrated M. Sc. in CELL AND MOLECULAR BIOLOGY in June- July, 2024. There is no campus recruitment and till now there is no sign of any prospect of placement. Where can she apply for a suitable placement?

Ans: Hello. Thank you for connecting with us. It is good to hear that your daughter would be completing M.Sc in cell and molecular biology soon. Given your daughter’s background in cell and molecular biology, she can certainly get a placement in research institutions and laboratories, biotechnology companies, pharmaceutical companies, hospitals, healthcare institutions, academic institutions, government agencies, Non-Profit Organisations, etc. However, let me tell you that we don’t provide job assistance at the moment. But, if your daughter wants to pursue higher education abroad, do let us know. Our expert team would would contact you soon.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

Sushil Sukhwani |350 Answers |Ask -Follow

Study Abroad Expert - Answered on May 11, 2024

Asked by Anonymous - Apr 29, 2024Hindi

Career

Currently I'm studying cse in mit and I want to go abroad for mtech/ms in CSE. But I don't know how to get admission and scholarship and how much scholarship will be provided and by whom ?

Ans: Hello. First and foremost, thank you for connecting with us. It is good to hear that you have been pursuing a CSE at MIT. Studying a M.Tech in CSE abroad is indeed a good choice. Talking about the admission, it would be good if you decided on a specific country. Please note that the admissions process will vary depending on the country you choose.
You can start by shortlisting specific countries where your programme is offered. After shortlisting, have a look at whether the subjects you want to study are available or not. Simultaneously, prepare for the admission requirements for studying abroad. Yes, there are scholarship opportunities available in every country. You will be eligible for a fully-funded scholarship or a partially-funded scholarship as per your previous academic records.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

Archana Deshpande |32 Answers |Ask -Follow

Image Coach, Soft Skills Trainer - Answered on May 11, 2024

Asked by Anonymous - Apr 29, 2024Hindi

Career

Hello. I am a 35 year old widow. I have completed B.E and worked in TCS for 2 yrs. After marriage I had a ten long yrs of career break. Due to unexpected demise of my husband, I am strangled with my 6 yr old daughter. I don't know how to look for a job. I am not interested in software jobs. Please guide me. How to proceed. I want to live a respectable life.

Ans: Hi!!

It is very sad that you lost your life partner at such a young age. I know it is going to be tough for sometime. What I do know is that, because you are an Engineer, you have work experience with TCS, it is not going to be as tough as it seems and it will take sometime but you will be earning and living a respectable life!! Take informed decisions and start taking one step at a time towards your goal of a respectable life.

I am a little troubled that you said, "I am strangled with a 6 yr old daughter". You gave birth to her, she is your responsibility, she is totally dependent on you. You do have your daughter as your mate on this journey of life. Children are always a blessing, don't believe anyone who says otherwise. Cherish her and love her. Let the bond between the mother and daughter grow to be beautiful one. After the death of a spouse, people around have this tendency to say things that has an effect on you, just trust yourself, you are 35 yrs old, believe in yourself. You are mother and motherhood gives you a lot of strength, tap into it and move ahead in life for the sake of the little one.

Now to look into building your career, earning money and living a respectable life, here are some options to look into..

1. check with TCS if you can go back, lots of these big companies love it if their previous employees come back to work with them. Look around for a senior, a friend who can suggest the courses you can do now, to get back into the job market
2. you said you don't want to get into software, how about HR or teaching?
3. take a hard look at all your strengths and weaknesses, what you would like to do, get skilled in that area and start looking for the jobs in that area
4. create a goal card, let this always be in front of you. Have goals for every area of your life

Take care of your mental, emotional and physical health!! Look for people you uplift you and give you strength. Stay away from negative people.

Loads of prayers and blessings to both you and your daughter!!

Ramalingam Kalirajan |1962 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 05, 2024Hindi

Money

Hi, I currently earn 42k per month at the age of 25, no loans, I have 2 Lacs in mutual fund and around 80k in stocks. I also have a term insurance and health insurance is from company policy. I stay at parents house so no rent either, just 9-10k per month on an average on electric bill+ grocery that I pay. I invest 12k per month in stocks and mutual fund altogether. Am I having a right approach or should i make any emergency fund? And how and where to keep the money? I'm planning to get a health insurance for my mother and I next year.

Ans: It's commendable that you're already prioritizing investments at such a young age and have taken steps to secure insurance coverage. Your approach demonstrates financial responsibility and foresight.

Given your current financial situation, establishing an emergency fund is indeed a prudent step. An emergency fund acts as a financial safety net, providing liquidity to cover unexpected expenses like medical emergencies or job loss without disrupting your long-term investments.

As a Certified Financial Planner, I recommend setting aside at least three to six months' worth of living expenses in your emergency fund. Since your average monthly expenses are around 9-10k, aim to accumulate around 30k to 60k in your emergency fund.

You can keep your emergency fund in a high-yield savings account or a liquid mutual fund for easy accessibility and liquidity. These options offer stability and ensure your funds are readily available when needed.

Regarding health insurance for you and your mother, it's a wise decision to enhance your coverage. Evaluate various health insurance plans to find one that meets your specific needs and offers comprehensive coverage for medical expenses.

Continue with your disciplined approach towards investing in stocks and mutual funds. Allocating a portion of your monthly income towards investments ensures wealth accumulation over time. Regularly review your investment portfolio and make adjustments as needed to align with your financial goals and risk tolerance.

Overall, you're on the right track with your financial planning and investments. Keep up the good work and remain proactive in managing your finances for a secure and prosperous future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |1962 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 05, 2024Hindi

Money

Hi sir, I'm 24 yrs old just started working in new domain which is not relevant to my core studies (i studied msc in zoology ) but now working in as network engineer (bcos its one of my passion), wo i followed my heart voice.. For mow i started earning 15k as fresher , and i started investing in MF for about 1 yrs and my sip amount per month is 4k and plus lumpsum addition amount result in around 1 lakh with profit of 9 percent of my portfolio .. it's growing slow and steadily but i want to increase my savings and invest . Kindly advice on this your thoughts .. My holdings all are direct funds Parag flexi Icici nifty 50 index Icici bluechip Nippon small I don't want to diversify more that this in MF so i stop only with 4 mfs .. Thanking you for your advice

Ans: Starting your career in a different domain from your academic background is a brave move, showcasing your willingness to follow your passion. It's impressive how you've taken charge of your finances despite starting with a modest income. Keep up the good work!

Increasing your savings and investments is a wise decision, especially at a young age. Gradually raising your SIP amount as your income grows is a prudent step towards building wealth over time. Consistency is key in investing, and your commitment to regular investments will pay off in the long run.

Direct funds offer several advantages over regular funds, including lower expense ratios, potentially boosting your returns over time. However, managing direct funds requires expertise and time commitment. Considering your busy schedule, investing through a Certified Financial Planner (CFP) with expertise in mutual funds can be advantageous. They can provide personalized guidance, monitor your portfolio, and make timely adjustments as needed, ensuring optimal returns while you focus on your career.

While mutual funds are a solid starting point, exploring other investment avenues gradually can further diversify your portfolio and optimize returns. Consider learning about stocks, bonds, or alternative investments to broaden your investment horizon.

Continuous education about financial concepts and investment strategies will empower you to make informed decisions and navigate the complex world of finance effectively. Keep seeking knowledge and stay open to new opportunities.

With dedication, discipline, and a proactive approach, you're well on your way to achieving your financial goals. Keep believing in yourself and your abilities, and remember that every small step you take today contributes to a brighter financial future tomorrow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |1962 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Question by Saddam - May 03, 2024Hindi

Money

I need to create corpus of 5 crores in 10 years. im currently investigating of 46500 past one year. i have following mutual fund in my portfolio Hdfc sensex index 20k pgim midcap 3k motilal midcap index 3k sbi next 50 index 1k motilal micro index 46 icici prudential technology 1k quant small cap 7k parakpari flexi cap 5k axis small 2k. im private employee and earning of 140000 per month. so please provide suitable answer which created 5cr in 10 years also i have lic of 50k per year,ppf of 50k per year and nps 5k every month. my current age is 34

Ans: Creating a corpus of 5 crores in 10 years is an ambitious goal, but with careful planning and strategic investments, it's achievable. Your current investment portfolio and savings habits provide a solid foundation for reaching this milestone.

Given your age of 34 and the 10-year time horizon, we'll need to focus on a growth-oriented investment strategy while ensuring diversification and risk management.

Let's start by optimizing your mutual fund portfolio. While you have a diversified mix of funds, we may need to make some adjustments to align with your goal. Consider increasing allocations to high-growth potential funds like mid-cap and small-cap funds, which historically have outperformed broader market indices.

Regularly review your portfolio to monitor performance and make necessary adjustments based on market conditions and your evolving financial goals.

Additionally, continue your disciplined approach towards savings. Your LIC, PPF, and NPS contributions provide stability and long-term growth opportunities. Ensure you maximize contributions to these instruments within permissible limits to harness their full potential for wealth accumulation.

Remember to stay patient and committed to your financial plan. Building a significant corpus requires time and consistency. As a Certified Financial Planner, I'm here to guide you every step of the way and help you navigate through market fluctuations and uncertainties.

With determination and strategic financial planning, you can achieve your goal of creating a 5 crore corpus in 10 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |1962 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Question by Lucas - May 05, 2024Hindi

Money

Hi invested 1 lakh amount in Nippon India Small cap, what corpus can be expected after 30 years?

Ans: It's impossible to predict the exact corpus you'll have after 30 years with Nippon India Small Cap Fund (or any mutual fund) due to several factors:

Market Fluctuations: Stock markets are inherently volatile. Past performance doesn't guarantee future returns.

Fund Performance: The fund's future performance significantly impacts your corpus.

Here's what we can do instead:

Historical Performance: Nippon India Small Cap Fund has historically performed well. However, past performance doesn't guarantee future results.

SIP Calculator: Use Nippon India Mutual Fund's SIP calculator (https://mf.nipponindiaim.com/knowledge-center/tools/sip-calculator) to estimate potential returns based on different investment periods and assumed rates of return. Remember, these are just estimates.

Seeking Professional Advice: Consulting a Certified Financial Planner (CFP) can be beneficial. They can consider your risk tolerance, investment goals, and overall portfolio to suggest a suitable investment strategy.

Important to Remember: Focus on long-term wealth creation through disciplined investing. Stay diversified and avoid making investment decisions based solely on predicted returns.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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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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