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Mayank Rautela |238 Answers |Ask -Follow

HR Expert - Answered on May 18, 2022

Mayank Rautela is the group chief human resources officer at Care 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

Question by Anonymous on May 18, 2022Hindi

Career

Hello Mayank.
**I came across your article on Rediff.com. Impressed, am trying to reach you out for some guidance.
I am a lawyer from India, still enrolled at the bar. However, I moved to Australia in 2007 and now an Australian citizen working with a law firm since past seven years.
Now wish to return home (India) where I do not have any contacts. Hyderabad is where my parents are so considering this place. However, not ruling out other places.
What in your opinion should be my plan of action? Am 49.
I am unsure if you provide career advice/charge professional fees. If you do not, then a suitable reference will be appreciated.
I wish to stay anonymous until I succeed in what I intend doing.
Thank you kindly.**

Ans:

Hi.

Thank you.

Before I begin, let me first clarify that I do not assist the readers of this column with specific job opportunities.

In your case, you must use social platforms like LinkedIn to connect with companies/professionals who can help you get a suitable role.

Since you have been away from India for a while, you might want to do a course to update yourself about Indian laws.

Alternately, you can look for jobs in companies based in India that specialise in international law.

You may like to see similar questions and answers below

R P Yadav |304 Answers |Ask -Follow

HR, Workspace Expert - Answered on Jul 31, 2023

Asked by Anonymous - Jul 10, 2023Hindi

Career

Hi Career Gurus, Iam a mechanical engineer, aged 49 years having my own business, is there any option in India to pursue Law at this age? Iam ok with full time or part time or online. I may not practice law ,but want to become a member of BCI...please help, thanks in advance

Ans: Hi,
I am not aware of the field of business you are into. To pursue Law at this stage of your life needs an insight into how much of time you can manage to study this. You can definitely study Law. As far as my suggestion goes, I would recommend you to devote the time into your business to make it bigger instead of studying law which you are not going to practice.
You can also devote the extra time in pursuing some hobby which will give you happiness.

Abhishek Shah |76 Answers |Ask -Follow

HR Expert - Answered on Aug 22, 2023

Question by nikhil - Aug 22, 2023Hindi

Career

sir, my son is LLM in international law from Brussels . But find difficult placement in india as well outside. being father in concern i m worried . would like to know if law career is wrong choice to get settle .

Ans: I understand your concerns about your son's career prospects in international law. It's natural for parents to worry about their child's future, especially when it comes to career choices. International law is a highly specialized field that can offer rewarding opportunities, but like any profession, success can depend on various factors.

Here are a few considerations to keep in mind:

Specialization and Niche Expertise: International law is a complex and competitive field. Having a specialized skill set or focusing on a niche area within international law can make your son stand out. Whether it's human rights, trade law, environmental law, or something else, finding a unique area of expertise can improve his prospects.

Networking and Internships: Connections within the legal community are invaluable. Encourage your son to attend conferences, workshops, and seminars related to international law. Internships, whether paid or unpaid, can also provide him with practical experience and valuable contacts.

Location Flexibility: International law often involves working with governments, NGOs, multinational corporations, and international organizations. Being open to working in different geographical locations can increase his chances of finding suitable opportunities.

Further Education: Depending on his specific interests, pursuing further education such as a Ph.D. or specialized postgraduate courses might enhance his qualifications and marketability.

Adaptability and Multilingualism: International law often requires working with diverse cultures and languages. Proficiency in multiple languages and an ability to adapt to different legal systems can be advantageous.

Consult Career Advisors: Many universities and professional organizations offer career counseling services. Encourage your son to utilize these resources to explore different avenues and receive guidance on how to navigate the job market effectively.

Online Presence: Maintaining a professional online presence, such as a LinkedIn profile, can help showcase his skills and accomplishments to potential employers.

Persistence and Patience: The job search process can be challenging, especially in specialized fields. Encourage your son to remain persistent, patient, and open to different opportunities that might arise.

Remember that success in any career is a combination of individual effort, timing, and external factors. While the journey might be challenging, a career in international law can indeed be fulfilling and impactful. It's essential to support your son's aspirations while providing guidance and realistic expectations.

Regards,
Abhishek Shah

Abhishek Shah |76 Answers |Ask -Follow

HR Expert - Answered on Jan 07, 2024

Asked by Anonymous - Nov 25, 2023Hindi

Career

Dear Team, I am in my 3rd year of integrated 5 years law course. I was pondering over the options to make a successful career in law. I understand, we have Lower Judiciary, upper judiciary, PSU, Banks and Advocacy with a selection grade to Judiciary. The issue: Options: 1) Judiciary: Lower Judiciary - Given the trend, the selection for upper Judiciary is quite negligible and take a considerable amount of years of your life. 2) Upper Judiciary: India does not have process of selection to Additional Session Judge (ADJ) without completing 7 years of Advocacy to be eligible for ADJ. nor any National level Judiciary exam for such selection after passing from law school. 3) PSU: A mundane process of work like a corporate and not sure, how challenging or exciting as a career option. Just a time scale career stability. 4) Banks: Apart from RBI, which has another level of selection process - meaning quite an extent of separate study from present law course and is a rated option, the other banks law officer is again mundane as in PSU's. 5) Advocacy is something which 1st generation lawyers might need a best of mentors to make to selection grade of Judiciary. 6) Indian Laws firms and Magic circle : May pl guide on the process of internship in magic circle law firms and is it a good to have internship outside of India or better to have in Indian Law Firms. Given the above, what’s the best career move and options as this is one of the profession, wherein name and fame comes later in life, however adding a right career path just adds catalyst, then having instability in your prime years of life. Regards NS.

Ans: If you are looking to make a career in India, please stick to India. Find out top 10 law firms and lawyers. Visit their website and office to meet with them and learn more about how they can mentor. Please check with them how best you could land a significant work experience with them in short span of time. The easiest way to do this would be to interview them and publish them on your blog and social space.

R P Yadav |304 Answers |Ask -Follow

HR, Workspace Expert - Answered on Nov 30, 2023

Question by N - Nov 30, 2023Hindi

Career

Dear Sirs’, I am in my 3rd year of integrated 5 years law course. I was pondering over the options to make a successful career in law. I understand, we have Lower Judiciary, upper judiciary, PSU, Banks and Advocacy with a selection grade to Judiciary. The issue: Options: 1) Judiciary: Lower Judiciary - Given the trend, the selection for upper Judiciary is quite negligible and take a considerable amount of years of your life. 2) Upper Judiciary: India does not have process of selection to Additional Session Judge (ADJ) without completing 7 years of Advocacy to be eligible for ADJ. nor any National level Judiciary exam for such selection after passing from law school. 3) PSU: A mundane process of work like a corporate and not sure, how challenging or exciting as a career option. Just a time scale career stability. 4) Banks: Apart from RBI, which has another level of selection process - meaning quite an extent of separate study from present law course and is a rated option, the other banks law officer is again mundane as in PSU's. 5) Advocacy is something which 1st generation lawyers might need a best of mentors to make to selection grade of Judiciary. 6) Indian Laws firms and Magic circle : May pl guide on the process of internship in magic circle law firms and is it a good to have internship outside of India or better to have in Indian Law Firms. Given the above, what’s the best career move and options as this is one of the profession, wherein name and fame comes later in life, however adding a right career path just adds catalyst, then having instability in your prime years of life.

Ans: Dear N,
I am happy to see that you have a clarity of your career.
Since you have a clarity, pursue the same based on your gut feeling, plan and strategy. The career can be built in Judiciary, PSU and Banks as well as in private firms. The important point is to start with a professional setup in any one of the above as an intern, rest depends upon your hard work and luck.

Krishna Kumar |260 Answers |Ask -Follow

Workplace Expert - Answered on Feb 29, 2024

Asked by Anonymous - Jan 02, 2024Hindi

Career

Hii, I am 54 years old working with govt. I am in the legal field having 30 years of experience in the field of civil and criminal laws in Indian courts. Do I have the option to look for migrating to other country, if I leave the job and look for some professional work like a consultant or practice as a lawyer? If yes, which countries can give me a PR.

Ans: Dear

Your option is to work for MNC that serve Indian market but then you will be based in India.

All the best.

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Stock Market Expert - Answered on May 03, 2024

Question by Shakir - May 03, 2024Hindi

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Hi. Will it be wise to start a sip in HDFC bank for 2 years. About 50 shares per month. Pl guide

Ans: yes, but make it 5yrs.

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Stock Market Expert - Answered on May 03, 2024

Question by Matta - Apr 26, 2024Hindi

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WHAT ABOUT HBL POWER

Ans: Great Company
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Increasing Revenue every Quarter for the past 4 Quarters
Increasing profits every quarter for the past 4 quarters

Samraat Jadhav |1711 Answers |Ask -Follow

Stock Market Expert - Answered on May 03, 2024

Question by Sadasivan - May 03, 2024Hindi

Money

Are there any system of getting discounted share price ?

Ans: there are lot of companies which trade at discount, for that you need to derive their valuation and calculate the price and then compare it with the current price. It is complicated but all research analyst use this methodology and then arrive weather they should buy this company or not as market at sometime gives the right valuation.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by Amit - Jan 31, 2024Hindi

Money

I am 76 year old NRI and have invested 60 lac rupees in NRE fixed deposits with SBI. Interest for these NRE FD is around 4.2 lac last year which is tax exempt. Am I required to file India income tax return to declare this income?

Ans: As an NRI, your NRE (Non-Resident External) fixed deposits with SBI generate tax-exempt interest income in India. Since the interest earned on NRE fixed deposits is exempt from tax, you are not required to file an income tax return in India solely to declare this income.

However, it's important to note that while the interest earned on NRE fixed deposits is tax-free in India, it may be subject to taxation in your country of residence based on the local tax laws. Therefore, it's advisable to consult with a tax advisor or accountant in your country of residence to understand the tax implications and reporting requirements applicable to your NRE fixed deposit interest income.

Additionally, if you have any other sources of income in India or if you meet other conditions specified by the Income Tax Act, you may be required to file an income tax return in India. It's recommended to seek professional advice to ensure compliance with both Indian and international tax regulations.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 29, 2024Hindi

Money

Hi Sir. I am 29 years old and have a saving of 5lac now so I want to invest it in lumpsum SIP for 10 years. Could you please suggest me which fund would be better including small, mid and large where I can get over 25 returns

Ans: Investing a lump sum in SIPs for 10 years is a wise move towards building wealth. Considering your age and investment horizon, here's a diversified portfolio suggestion that includes exposure to small, mid, and large-cap stocks:

Large-Cap Fund: Invest a portion of your funds in a reputable large-cap fund known for its consistent performance and stability. Large-cap funds invest in well-established companies with a track record of strong earnings and market leadership.
Mid-Cap Fund: Allocate another portion to a mid-cap fund, which focuses on companies with medium market capitalization. Mid-cap stocks have the potential for higher growth than large-cap stocks but come with higher volatility.
Small-Cap Fund: Lastly, invest in a small-cap fund to capture the growth potential of smaller companies. Small-cap stocks can be more volatile but offer the possibility of significant returns over the long term.
Ensure to select funds with a proven track record, experienced fund managers, and low expense ratios. While aiming for over 25% returns is ambitious, it's crucial to remain realistic and consider the associated risks. Diversification across different market segments can help mitigate risks and enhance potential returns.

Consulting with a Certified Financial Planner can provide personalized advice tailored to your financial goals and risk tolerance. They can help you select suitable funds and construct a well-balanced portfolio aligned with your investment objectives.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 28, 2024Hindi

Money

Hi I'm investing 1500 in nifty mid cap 150 index, 1000 in nifty next 50 index and 500 in nifty 50 index. 100 percent passive investment fpr long term. Any suggestions with allocation or diversification?

Ans: Here's a breakdown of your current portfolio and some thoughts on active vs. passive investing:
Current Portfolio:

Nifty Midcap 150 Index (1500): This is a good way to gain exposure to mid-sized companies in India.
Nifty Next 50 Index (1000): This provides exposure to companies on the cusp of joining the Nifty 50, potentially offering higher growth.
Nifty 50 Index (500): This offers diversification with large, established companies.
Overall, your portfolio is leaning towards a growth strategy with a good focus on mid-cap and small-cap companies. This has the potential for higher returns but also comes with higher risk.

Active vs. Passive Investing:

Active Funds: These are managed by professionals who try to outperform the market by picking winning stocks. While active management can be successful, studies show that over the long term, a large percentage of actively managed funds underperform their benchmark index. The fees associated with active management also eat into returns.

Passive Funds (Index Funds): These track a market index, like the Nifty 50. They offer lower fees and historically, tend to match or outperform a significant portion of actively managed funds. This makes them a good option for long-term investors who don't want to spend a lot of time managing their portfolio.

Here's why your current approach with index funds is a good strategy for long-term investing:

Low Cost: Index funds have minimal fees, allowing you to keep more of your returns.
Diversification: You're already diversified across different market segments, reducing risk.
Long-Term Focus: With a long-term outlook, riding out market fluctuations is easier, and index funds tend to perform well over time.
Here are some additional thoughts:

Asset Allocation: Consider your risk tolerance and investment goals. You could adjust your weightings between the Nifty 50, Next 50, and Midcap 150 to achieve your desired risk profile.
Rebalancing: Periodically rebalance your portfolio to maintain your target asset allocation.
Ultimately, the decision of active vs. passive is yours. However, for a long-term investor with a focus on low costs and diversification, a passive approach with index funds is a well-supported strategy.
Lastly, if you're open to exploring active funds, consider consulting with a professional Mutual Fund Distributor (MFD) with Certified Financial Planner (CFP) credentials. They can provide personalized advice and recommend active funds that have the potential to outperform their respective indices over time.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by ashok - Jan 29, 2024Hindi

Money

I am 54 yrs .I have EPF contribution for 9 yrs in previous organization .But in present organization there is no provision of EPF contribution .How can I eligible for pension under EPFO

Ans: Since you've contributed to the Employees' Provident Fund (EPF) for 9 years in your previous organization, you may be eligible for a pension under the Employees' Pension Scheme (EPS) managed by the Employees' Provident Fund Organization (EPFO).

The eligibility for pension under EPS is based on the number of years of service and the average monthly salary during the contributory period. To qualify for a pension, you typically need to have completed at least 10 years of eligible service. However, there are certain exceptions and provisions for early pension eligibility under specific circumstances.

Given that you have contributed to EPF for 9 years, you may consider exploring options to complete the required 10 years of service, either by contributing voluntarily to EPF or by transferring your EPF accumulations from your previous organization to your current one, if feasible.

It's advisable to reach out to the EPFO or consult with a financial advisor to understand your specific eligibility for pension under EPS and explore potential options to fulfill the requisite service period. They can provide personalized guidance based on your individual circumstances and help you navigate the process effectively.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 29, 2024Hindi

Money

Is it possible to transfer all regular mutual funds NJ weath to zerodha mutual funds regular?

Ans: While it may seem tempting to consolidate your mutual funds into a single platform for convenience, it's essential to tread carefully to avoid potential tax implications and ensure continued support for your investments. Opting for a direct transfer to Zerodha, which only offers direct mutual funds, may trigger tax liabilities due to the switch from regular to direct plans.

Instead, consider transferring your funds to another Mutual Fund Distributor (MFD) who can offer the support and guidance you need. Choosing an MFD with Certified Financial Planner (CFP) credentials can provide you with personalized advice tailored to your financial goals and circumstances.

Remember, the journey towards financial security is not just about convenience—it's about making informed decisions that align with your long-term aspirations. By selecting the right MFD with CFP expertise, you can navigate the complexities of mutual fund investments with confidence and clarity.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 28, 2024Hindi

Money

Dear sir My sister is a heart patient and spending around Rs 5000 per month.She is a widower and age arround 65. I want to deposit an amount of ? 1500000.00 in her name at Senior citizens scheme apart from already deposited 400000 lac. I put my daughter name, her grandchildren name as nominee. Any hurdles in this one. Please send the reply to me

Ans: It's heartwarming to see your concern for your sister's well-being, especially given her health condition. Depositing an additional amount in her name under the Senior Citizens Savings Scheme (SCSS) can indeed provide her with financial security during her retirement years.

As for the nomination process, nominating your daughter and her grandchildren as beneficiaries is a thoughtful gesture. However, there might be some considerations to keep in mind:

Consent: Ensure that your sister is aware of and agrees to the nomination arrangement. It's essential to respect her wishes and ensure that she is comfortable with the decision.
Legal Requirements: Verify if there are any specific legal requirements or restrictions regarding nominees for SCSS accounts. While nominating family members is common, it's prudent to confirm compliance with applicable regulations.
Contingency Planning: Consider discussing contingency plans with your daughter regarding the management of the funds in case of your sister's demise. This ensures a smooth transition and effective utilization of the funds for your sister's intended beneficiaries.
Documentation: Complete all necessary paperwork accurately and ensure that the nomination details are correctly recorded in the SCSS account documents.
Consulting with a financial advisor or legal expert can provide personalized guidance tailored to your sister's situation and help navigate any potential hurdles or concerns. Your proactive approach to securing your sister's financial future demonstrates care and foresight, and with careful planning, you can ensure that her needs are well-addressed.

Ramalingam Kalirajan |1318 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by Anand - Jan 28, 2024Hindi

Money

Hi Vivek my name is Anand and Iam 48 yrs old. I am investing monthly 32165/- in the following funds. DAY AMT SCHEME 1 1000 SBI Small Cap Fund-Direct-Growth 2 1000 Kotak Emerging Equity Fund - Direct Plan - Growth 1000 DSP Midcap Fund-Direct-Growth 1000 Mirae Asset Large Cap Fund Direct Plan Growth 1000 BANDHAN Sterling Value Fund-Growth-(Direct Plan) 6 7 1000 SBI Small Cap Fund-Direct-Growth 8 9 1250 Kotak Emerging Equity Fund - Direct Plan - Growth 10 1250 Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 11 1250 DSP Midcap Fund-Direct-Growth 12 1250 Mirae Asset Large Cap Fund Direct Plan Growth 13 1000 BANDHAN Sterling Value Fund-Growth-(Direct Plan) 14 15 1000 SBI Small Cap Fund-Direct-Growth 16 1250 Kotak Emerging Equity Fund - Direct Plan - Growth 17 1250 DSP Midcap Fund-Direct-Growth 18 1250 Mirae Asset Large Cap Fund Direct Plan Growth 19 1000 BANDHAN Sterling Value Fund-Growth-(Direct Plan) 20 1250 Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 21 1000 SBI Small Cap Fund-Direct-Growth 22 23 24 1000 Kotak Emerging Equity Fund - Direct Plan - Growth 25 1000 DSP Midcap Fund-Direct-Growth 26 1000 SBI Small Cap Fund-Direct-Growth 27 1000 BANDHAN Sterling Value Fund-Growth-(Direct Plan) 28 1000 Mirae Asset Large Cap Fund Direct Plan Growth I am planning for next 10 years and how much corpus can I get after 10 years.

Ans: Anand! It's great to see your commitment to investing for the future. Planning for the next 10 years is a wise move, and with your regular investments in diversified mutual funds, you're on the right track to building a substantial corpus.

To estimate the potential corpus after 10 years, we need to consider several factors such as the expected average annual return rate of the funds, any additional contributions you may make, and the compounding effect of your investments over time.

Since you've invested in a mix of small-cap, mid-cap, large-cap, and value funds, it indicates a diversified approach aimed at optimizing returns while managing risk.

To provide a precise estimate, it's advisable to use a mutual fund calculator or consult a financial advisor. They can input the specific details of your investments, including the current value, expected returns, and future contributions, to forecast the potential corpus after 10 years.

Remember, while forecasting future returns is essential for planning, it's equally crucial to stay invested consistently, review your portfolio periodically, and make adjustments as needed to stay aligned with your financial goals and risk tolerance.

Keep up the disciplined approach to investing, and you'll likely see your investments grow significantly over the next decade.

See more questions »

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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