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Mayank

Mayank Kumar  |193 Answers  |Ask -

Education Expert - Answered on Dec 20, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
Asked by Anonymous - Nov 08, 2023Hindi
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Career

Hi Mayank Good Morning, Hope you are soing well . I am a delivery manager with 16 years of experience delivery variety of IT Projects . My question was AI being the next big thing how as a project/delivery manager can I upskill myself so that I stay relevant and infact grow in this market . Thanks

Ans: Hi, thanks for asking, I'm well - hope you are too. To navigate the AI landscape successfully, complement your project management expertise with a solid understanding of AI fundamentals. Pursue certifications that blend project management with AI applications. There are good skilling platforms that you can try as if offer flexible learning options. Engage in projects that involve AI implementation, and explore AI ethics to ensure responsible project delivery. Networking within AI communities will provide insights into the latest AI advancements and their practical applications in project management.
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Asked by Anonymous - Oct 22, 2023Hindi
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I am 49-year-old and in mid-level manegement for a US Based financial organisation in IT Engineering and Operations. I am worried that I may lose my job and it is impacting my performance. To be ready for the market (In case in lose my current job), please suggest which areas I should upskill myself.
Ans: I understand that you are concerned about your job security and want to upskill yourself to be prepared for the market. Upskilling is a great way to stay competitive in the job market and increase your chances of finding a new job. Here are some areas that you can consider upskilling yourself in:

Cloud Computing: Cloud computing is the delivery of computing services over the internet. It involves the use of remote servers to store, manage, and process data. As an IT professional, upskilling in cloud computing can help you stay relevant in the industry. The average salary for a cloud computing professional in India is around ?1,200,000 per annum.

Data Science: Data science is the process of extracting insights from data. It involves the use of statistical and computational methods to analyze large and complex data sets. Upskilling in data science can help you become a valuable asset to any organization. The average salary for a data scientist in India is around ?1,000,000 per annum.

Cybersecurity: Cybersecurity is the practice of protecting computer systems and networks from digital attacks. As an IT professional, upskilling in cybersecurity can help you secure your organization’s data and prevent cyber attacks. The average salary for a cybersecurity professional in India is around ?1,500,000 per annum.

Artificial Intelligence: Artificial intelligence (AI) is the simulation of human intelligence in machines. It involves the use of algorithms and statistical models to perform tasks that would normally require human intelligence. Upskilling in AI can help you stay ahead of the curve in the IT industry. The average salary for an AI professional in India is around ?1,500,000 per annum.

DevOps: DevOps is a set of practices that combines software development (Dev) and IT operations (Ops). It involves the use of automation and collaboration to improve the speed and quality of software delivery. Upskilling in DevOps can help you become a valuable asset to any organization. The average salary for a DevOps professional in India is around ?1,200,000 per annum.

I hope this helps you in making an informed decision. Remember, upskilling is a continuous process, and it’s important to keep learning and growing in your career. Good luck! Let me know if you have any other questions.

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Mutual Funds, Financial Planning Expert - Answered on Mar 20, 2025

Asked by Anonymous - Mar 20, 2025Hindi
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Money
Sir Namaskar. I need 10 lac. I can put around 15-20k every month. I am now at 57. Please suggest me the way out. Regards
Ans: You need Rs. 10 lakh.
You can invest Rs. 15K–20K per month.
You are 57 years old.
A structured approach will help you reach your goal efficiently. The right investment choices, tenure, and risk management will be key.

Assessing the Timeframe
If you need Rs. 10 lakh within 3 years, a low-risk strategy is better.
If you have 5+ years, you can take moderate risk for better returns.
Your risk appetite, income stability, and other financial commitments also matter.
Short-term and long-term plans need different strategies.

Choosing the Right Investment Strategy
Low-Risk Approach (For 3 Years or Less)
Bank recurring deposits (RDs) offer stable but low returns.
Short-term debt mutual funds give slightly better returns than RDs.
Fixed deposits (FDs) in small finance banks provide higher interest.
Corporate bonds of high-rated companies can offer fixed income.
These options are safe but may not beat inflation.

Moderate-Risk Approach (For 3–5 Years)
Conservative hybrid mutual funds balance equity and debt.
Dynamic bond funds adjust based on interest rate changes.
Post office savings schemes offer security but fixed returns.
Gold ETFs can act as a hedge against inflation.
Moderate risk gives better returns than FDs but needs periodic review.

Growth-Oriented Approach (For 5+ Years)
Actively managed flexicap mutual funds allow growth with risk control.
Large & midcap funds balance safety and higher returns.
SWP (Systematic Withdrawal Plan) after 5+ years can give monthly income.
Sectoral funds (like pharma, IT) are riskier but can boost returns.
Long-term investing helps wealth grow faster than inflation.

Managing Liquidity and Emergency Needs
Always keep 6 months’ expenses in a savings account or liquid fund.
Avoid investing all your money in one asset class.
Keep some investments easy to withdraw in case of emergencies.
Liquidity management ensures financial stability while you invest.

Tax Efficiency in Investments
Debt mutual funds are taxed as per your income slab.
Equity mutual funds have 12.5% LTCG tax after Rs. 1.25 lakh gains.
FDs have TDS if interest crosses Rs. 40K (Rs. 50K for senior citizens).
Choosing tax-efficient instruments will maximize net returns.
Tax planning helps in retaining more earnings.

Retirement Considerations While Investing
Since you are 57, your investment should not affect retirement savings.
If your pension or other income is fixed, don’t take excess risk.
If you have additional savings, you can afford a balanced approach.
Avoid investing everything in equity unless you have surplus funds.
Retirement safety should be a priority while planning for Rs. 10 lakh.

Practical Investment Plan Based on Timeframe
If Needed in 3 Years
50% in short-term debt funds.
30% in fixed deposits or post office schemes.
20% in high-rated corporate bonds.
Low risk with steady returns.

If Needed in 5 Years
50% in conservative hybrid funds.
30% in large & midcap equity funds.
20% in short-term debt funds.
Balanced risk with potential growth.

If Needed in 7+ Years
60% in actively managed equity funds.
20% in hybrid funds for stability.
20% in gold ETFs or debt funds.
Higher risk but better long-term gains.

Avoiding Common Investment Mistakes
Don't keep all savings in FDs, as they give low post-tax returns.
Avoid high-risk stocks or thematic funds if you need funds soon.
Never invest emergency funds in volatile assets.
Review investments annually to stay aligned with the goal.
A disciplined approach prevents financial stress.

Finally
Your Rs. 10 lakh goal is achievable with systematic investing.
Choose the right asset mix based on your timeframe and risk level.
Keep tax efficiency, liquidity, and retirement security in mind.
Regular review and professional guidance will optimize your returns.
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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