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Krishna

Krishna Kumar  |261 Answers  |Ask -

Workplace Expert - Answered on Apr 24, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Asked by Anonymous - Apr 12, 2024Hindi
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I am mechanical design engineer i started working for a drone startup as a product designer and now i am working as design engineer in a service based MNC, i have total 3 years of experience is it okay if i shift my role into data analytics, business analyst, operations analyst or something like that.

Ans: Hello

Sure you can make a shift, but your last 3 years experience may not be considered. Also while making a shift do ask yourself are you making the shift because you love data analytics or is it because of only money. If it's later then you will end up feeling stuck.

All the best.
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Shekhar

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Leadership, HR Expert - Answered on Apr 26, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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I am graduated in Mechanical Engineering at 2022. From 1.5 years I am experienced in product design role. Currently I am working as a design engineer. Now I want to earn more, I know catia v5, Solidworks &Nx CAD. I am confused about my role. Anyone help me with your experience, is I am continue with this or I will switch my career to Oil and Gas field. If I stay in my current job suggest me, what I want to do for high salary.(Like Any course /Certificate). Or you suggesting me for Oil &Gas. How much salary I can get while switching and after experience in that.
Ans: Deciding whether to continue in your current role as a design engineer or switch to the oil and gas field requires careful consideration of your career goals, interests, and the opportunities available in each industry. Since you're already experienced in product design and proficient in CAD software like CATIA V5, SolidWorks, and NX CAD, consider enhancing your skills further. Look into advanced courses or certifications in areas such as finite element analysis (FEA), computational fluid dynamics (CFD), or advanced CAD techniques. These additional skills can make you more valuable in your current role and potentially command a higher salary. Pursuing professional certifications related to product design and engineering, such as Certified SolidWorks Professional (CSWP) or Certified NX Professional, can validate your expertise and increase your marketability. Research industry benchmarks and salary ranges for design engineers in your region and with your level of experience. Use this information to negotiate a higher salary with your current employer or when exploring new job opportunities.

Before making the switch, thoroughly research the oil and gas industry, including job roles, career paths, and salary expectations. Network with professionals already working in the field to gain insights and advice. Evaluate how your skills and experience in product design translate to roles in the oil and gas sector. Consider acquiring additional knowledge or certifications relevant to the industry, such as courses in petroleum engineering, pipeline design, or offshore structures. Salaries in the oil and gas industry can vary depending on factors such as location, job role, experience, and the specific segment of the industry (upstream, midstream, or downstream). Entry-level positions may offer competitive salaries, but experienced professionals with specialized skills and expertise can command higher pay.

Ultimately, the decision to stay in product design or switch to the oil and gas field depends on your career goals, interests, and the opportunities available in each industry. Take the time to weigh the pros and cons, conduct thorough research, and seek advice from mentors or industry professionals before making a decision. Whichever path you choose, continuous learning, skill development, and strategic career planning will be key to achieving your salary and career goals.

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Shekhar

Shekhar Kumar  |117 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 29, 2024

Asked by Anonymous - Apr 22, 2024Hindi
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Career
I passed out in 2020 and started my career as mechanical design engineer i started working for a drone startup as a product designer and now i am working as design engineer in a service based MNC, i have total 3 years of experience is it okay if i shift my role into data analytics, business analyst, operations analyst or something like that.
Ans: Transitioning from a mechanical design engineer role into fields such as data analytics, business analysis, or operations analysis is definitely possible, especially with your three years of experience and a background in engineering. As a mechanical design engineer, you likely have developed valuable skills such as problem-solving, critical thinking, attention to detail, and proficiency in technical tools and software. Evaluate how these skills can be applied to roles in data analytics, business analysis, or operations analysis. Consider acquiring additional skills and knowledge relevant to your target roles. This may include learning programming languages (e.g., Python, R, and SQL), statistical analysis tools, data visualization techniques, and business analysis frameworks. Explore online courses, certifications, or boot camps in data analytics, business analysis, or operations management to enhance your qualifications and credibility in these fields. Connect with professionals working in data analytics, business analysis, or operations roles to learn about their experiences, career paths, and skill requirements. Join industry groups, attend networking events, and participate in online communities to expand your professional network and gain insights into potential career opportunities. Update your resume and LinkedIn profile to highlight relevant skills, experiences, and achievements that demonstrate your suitability for roles in data analytics, business analysis, or operations analysis. Tailor your job search strategy to target companies, industries, or sectors that value cross-functional skills and welcome candidates from diverse backgrounds.

Overall, transitioning from a mechanical design engineer role into data analytics, business analysis, or operations analysis is feasible with the right mindset, skills, and preparation. By leveraging your existing experiences, acquiring new skills, and networking effectively, you can position yourself for success in your desired career path.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Hi sir, I am 30 and currently doing a sip of 5k in ppfas and 5k in quant infrastructure fund. I have home loan of 65 Lakhs as well at 8.75%. I am planning to invest another 10k per month. Could you kindly suggest where I can invest for my son (3 years) higher education and for retirement. Can investing in nps beat mutual funds?
Ans: It's commendable that you're prioritizing financial planning at such a young age. Let's delve into your investment options:

• Firstly, I appreciate your disciplined approach to investing through SIPs, which is a smart way to build wealth over time.
• It's great that you're thinking ahead about your son's future education and your retirement needs.

• Considering your current investments, we can explore additional mutual fund options to diversify your portfolio.
• Diversification helps spread risk and optimize returns, essential for achieving long-term financial goals.

• When it comes to investing for your son's education and your retirement, it's crucial to align your investments with your time horizon and risk tolerance.
• For long-term goals like these, equity mutual funds offer the potential for higher returns, albeit with higher volatility.

• Regarding your query about the National Pension System (NPS) versus mutual funds, both have their pros and cons.
• NPS offers tax benefits and a structured retirement savings platform, but it comes with restrictions on withdrawals and limited investment choices.

• On the other hand, mutual funds provide greater flexibility in investment choices and withdrawal options.
• However, they lack the tax benefits of NPS.

• Ultimately, the decision between NPS and mutual funds depends on your individual preferences, risk appetite, and financial goals.
• It's essential to weigh the pros and cons of each option and choose the one that best aligns with your needs.

• As a Certified Financial Planner, I can help you analyze your financial situation and goals to create a customized investment plan.
• Together, we'll select suitable mutual funds that balance growth potential and risk for your son's education and retirement.

• Remember, investing is a journey, and it's essential to stay disciplined and focused on your long-term objectives.
• With careful planning and prudent decision-making, you can build a secure financial future for yourself and your family.

• Keep up the excellent work with your investments, and don't hesitate to reach out if you have any further questions or need assistance.
• You're on the right track towards achieving your financial aspirations, and I'm here to support you every step of the way.

...Read more

Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Money
Hello, I have a mutual fund corpus of ~32Lakhs. Per month SIP is 46k. When will I reach my first 1cr and by 2030 I want 5 CR corpus. I can increase the monthly SIP to 50K
Ans: It's fantastic to see you diligently investing in mutual funds to build your wealth. Let's crunch the numbers to chart your path to financial milestones:

• With a current mutual fund corpus of ~32 lakhs and a monthly SIP of 46k, your wealth is steadily growing.
• By increasing your monthly SIP to 50k, you're demonstrating a proactive approach to accelerating your wealth accumulation.

• To estimate when you'll reach your first 1 crore milestone, we'll consider factors like your current corpus, SIP amount, and expected rate of return.
• With consistent monthly investments and potential market growth, you're on track to achieve this milestone in the foreseeable future.

• However, reaching a 5 crore corpus by 2030 is a more ambitious goal and may require additional contributions and strategic planning.
• Increasing your monthly SIP to 50k is a step in the right direction, but you may also need to explore other avenues for wealth creation.

• It's essential to consider factors like market volatility, inflation, and your risk tolerance when projecting future returns.
• As a Certified Financial Planner, I can help you create a personalized financial plan to align your investments with your goals.

• By optimizing your asset allocation, diversifying your portfolio, and staying disciplined with your investments, you can enhance your chances of reaching your financial objectives.
• Regularly reviewing your investment strategy and making adjustments as needed will keep you on track towards achieving your goals.

• Remember, patience and consistency are key to long-term wealth creation.
• Keep up the excellent work with your investments, and together, we'll work towards realizing your financial dreams.

• If you have any questions or need further guidance along the way, don't hesitate to reach out.
• You're on a path to financial success, and I'm here to support you every step of the way.

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Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Hello sir, I am investing in the following funds. 1) SBI mid and large cap 10000rs 2) SBI Contra Fund 5000 rs 3) Paragh Parik Flexicap 5000 rs I am planning to invest 15000 rs in HDFC Midcap opportunities and 20000 rs in SBI bluechip fund. Please guide me if these funds are good or shall I look for some other funds.
Ans: It's wonderful to see your commitment to financial planning. Let's dive into shaping your investment strategy:

• Firstly, I commend you for taking the initiative to invest and secure your financial future.
• It's a wise decision to seek guidance from a Certified Financial Planner like myself to navigate the complexities of investing.

• As we embark on this journey together, let's prioritize understanding your financial goals, risk tolerance, and investment horizon.
• Your unique circumstances and aspirations will guide us in crafting a tailored investment plan that aligns with your needs.

• Remember, investing is not just about chasing returns; it's about achieving your financial objectives while managing risk effectively.
• We'll focus on building a diversified portfolio that balances growth potential with stability to withstand market fluctuations.

• Mutual funds can be a powerful tool in your investment arsenal, offering access to a wide range of asset classes and investment strategies.
• By spreading your investments across different mutual funds, we can mitigate risk and optimize returns over the long term.

• It's essential to review your investment portfolio regularly and make adjustments as needed based on changing market conditions and your evolving financial goals.
• Consult a Certified Financial Planner, to provide ongoing support and guidance to keep you on track towards financial success.

• Lastly, remember that investing is a journey, not a destination.
• Stay disciplined, stay informed, and stay focused on your long-term objectives.

• With dedication and prudent decision-making, you can build a robust investment portfolio that paves the way for a secure and prosperous future.
• Together, let's turn your financial aspirations into reality. You're on the path to financial freedom, and I'm here to help you every step of the way.

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Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Money
1 Mahindra Manu life midcap fund-Dirct plan- 5 lac onetime investment 2.quant value added fund- 3 lac 3.quant infrastructure fund- 2 lac Alk are onetime investment , recommendations expedited
Ans: It's great to see your proactive approach to investing! Let's delve into your investment choices:

Let's adjust your investment strategy to mitigate risks and enhance potential returns:

Mahindra Manulife Midcap Fund - Direct Plan: With a one-time investment of 5 lakhs, this fund offers exposure to mid-cap stocks, which carry higher volatility but also potential for growth over the long term. However, consider diversifying into a diversified equity fund to spread risk across various sectors and market caps.
Quant Value Added Fund: Allocating 3 lakhs to this fund reflects a focus on value investing principles, which can be rewarding but also involves risks. Diversifying into a diversified equity fund can provide a broader exposure to quality stocks and reduce concentration risk.
Quant Infrastructure Fund: While investing 2 lakhs in an infrastructure fund may seem appealing due to growth prospects, it's essential to acknowledge the inherent risks associated with thematic funds. These funds are more susceptible to sector-specific risks and economic cycles. Consider reallocating this amount to a diversified equity fund for better risk management.
Moreover, instead of investing directly, consider investing in regular plans through a Mutual Fund Distributor (MFD). Here's why:

By investing through a Regular Plan, you can access professional advice and guidance from an experienced Mutual Fund Distributor.
MFDs can help you navigate through the complexities of the market, select suitable funds based on your risk profile, and monitor your investments regularly.
Regular plans often offer additional services, such as portfolio reviews, financial planning, and timely updates on market trends and fund performance.
Investing through an MFD ensures that you receive ongoing support and assistance, helping you make informed decisions and stay on track towards your financial goals.

Overall, by diversifying your investments and leveraging the expertise of a Mutual Fund Distributor, you can enhance the effectiveness of your investment strategy and optimize your chances of long-term success.

...Read more

Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Money
Sir, I am 59 years old, will retire in January 2025, I want to make SWP of Rs.30 lakh so that I can get Rs 20K monthly pension. Which fund I will select and how to invest ?
Ans: As you approach retirement, it's essential to plan for a steady income stream to support your lifestyle. Here's how you can achieve your goal of setting up a Systematic Withdrawal Plan (SWP) to generate Rs. 20,000 monthly pension from a Rs. 30 lakh corpus:

• Given your age and the need for stable income, consider investing in debt mutual funds or conservative hybrid funds.
• These funds typically invest in fixed-income securities like bonds and offer regular income through dividends or SWPs.

• Look for funds with a track record of consistent returns and a focus on capital preservation.
• Conservative debt funds or monthly income plans (MIPs) may be suitable options for generating steady income while minimizing risk.

• Calculate the SWP amount needed to generate Rs. 20,000 monthly pension from your Rs. 30 lakh corpus.
• Consider factors such as expected returns, withdrawal frequency, and fund expenses when determining the SWP amount.

• It's crucial to review your investment portfolio regularly and adjust your SWP amount as needed based on market conditions and your financial goals.
• Consult with a Certified Financial Planner to help you select the appropriate mutual fund and set up the SWP to meet your retirement income needs.

• Ensure you have a contingency fund set aside for emergencies to cover unexpected expenses during retirement.
• Additionally, consider diversifying your retirement income sources, such as annuities or senior citizen savings schemes, for added financial security.

By carefully selecting the right mutual fund and setting up a disciplined SWP strategy, you can create a reliable income stream to support your retirement lifestyle. Stay focused on your financial goals and consult with a financial advisor for personalized guidance tailored to your needs. Best wishes for a happy and fulfilling retirement!

...Read more

Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Hello sir, I want to invest 15,000 per month for long term upto 20 to 25 year so please suggest me how should I invest ?my monthly income is 80k my current debt is home loan for which pay around 40k per month
Ans: With a long-term investment horizon and a desire to grow your wealth, you're on the right track. Here's how you can invest your 15,000 per month:

• Given your long investment horizon of 20 to 25 years, consider allocating a portion of your investment to equity mutual funds.
• Equity funds have historically offered higher returns over the long term compared to other asset classes.

• Aim to diversify your investments across different types of equity funds, such as large-cap, mid-cap, and small-cap funds.
• This diversification helps spread risk and maximize potential returns.

• Start with systematic investment plans (SIPs) in equity mutual funds, investing a fixed amount every month.
• SIPs offer the advantage of rupee cost averaging, where you buy more units when prices are low and fewer units when prices are high, averaging out your cost over time.

• Since you already have a home loan, ensure you have an emergency fund set aside for unexpected expenses.
• Aim to gradually increase your SIP amount as your income grows and your financial situation improves.

• Regularly review your investment portfolio and make adjustments as needed based on your financial goals and market conditions.
• Consider consulting with a Certified Financial Planner to help you create a personalized investment plan tailored to your needs and objectives.

By investing systematically in equity mutual funds for the long term, you can potentially build significant wealth over time. Stay disciplined with your investments and remain focused on your financial goals. With patience and persistence, you can achieve financial success and secure a bright future for yourself and your family.

...Read more

Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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Hi sir I am a housewife ans have small amount of savings Please suggest best mutual fund
Ans: It's great to see you taking an interest in mutual funds as a means to grow your savings. Let's explore some options:

• Consider starting with a balanced fund, which offers a mix of equity and debt investments.
• These funds provide a balance between growth potential and stability, making them suitable for conservative investors like yourself.

• Look for mutual funds with a track record of consistent performance and a seasoned fund manager.
• Research different funds and assess factors like expense ratios, investment philosophy, and historical returns.

• Opt for funds that align with your investment objectives and risk tolerance.
• If you have a longer investment horizon and are willing to take on more risk for potentially higher returns, you may consider equity funds.

• Conversely, if you prefer lower risk and more stability, debt funds may be a better fit for you.
• They invest in fixed-income securities like bonds and offer regular interest income.

• Keep in mind that past performance is not indicative of future results, so focus on the fund's investment strategy and manager expertise.
• Additionally, consider consulting with a Certified Financial Planner to help you select the best mutual fund based on your financial goals and circumstances.

• Remember to diversify your investments across different mutual funds to spread risk and maximize returns.
• Regularly review your investment portfolio and make adjustments as needed to stay on track towards your financial goals.

By choosing mutual funds that suit your risk profile and investment objectives, you can set yourself on the path to achieving your financial aspirations. Keep learning and stay committed to your investment journey. You're taking a positive step towards securing your financial future!

...Read more

Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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Money
Sir I m 34 years old i m investing 15k in 4k in small cap,4k in midcap,and 7 k icicimid cap funds 'i hav around 10laks in fd and 5lakh in gold bonds and lic around 17k monthly i need to invest for my daughters studies and marriage and my retirement can u tell me how to diversify my investment.
Ans: it's commendable that you're thinking ahead and planning for your financial future as well as your daughter's. Let's explore how to diversify your investments to achieve your goals:

• Firstly, your investments in small-cap, mid-cap, and ICICI mid-cap funds offer growth potential over the long term.
• These equity funds can help build wealth for your daughter's education and marriage, as well as your retirement.

• Consider diversifying into other asset classes like debt instruments and real estate investment trusts (REITs).
• Debt instruments such as fixed deposits and bonds provide stability and regular income, while REITs offer exposure to the real estate market.

• Since you already have substantial investments in FDs and gold bonds, ensure they align with your overall investment strategy.
• Review their performance and consider rebalancing or reallocating funds if necessary.

• Explore investment options specifically tailored for your daughter's education and marriage, such as education-focused mutual funds or targeted savings plans.
• These instruments offer tax benefits and provide a dedicated corpus for her future needs.

• For your retirement planning, consider contributing to retirement-focused instruments like the National Pension Scheme (NPS) or voluntary provident fund (VPF).
• These investments offer tax benefits and provide a steady income stream during retirement.

• Consult with a Certified Financial Planner to create a customized investment plan based on your financial goals, risk tolerance, and time horizon.
• They can help you identify the right mix of investments to achieve your objectives while optimizing returns and minimizing risk.

• Remember to regularly review and adjust your investment portfolio as your financial situation and goals evolve.
• Stay disciplined with your savings and investments, and keep focused on building a secure financial future for yourself and your family.

By diversifying your investments across different asset classes and aligning them with your specific financial goals, you can create a well-rounded investment portfolio that supports your long-term objectives. Keep up the good work!

...Read more

Ramalingam

Ramalingam Kalirajan  |1481 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 16, 2024Hindi
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Money
Hello Sir , I have 40 lakhs lump sum with me. where as I invested 20 lakhs in mutual fund..Plz suggest me where i can invest remaining 20 lakh amount for monthly income as well future retirement planning purpose also. please guide me.
Ans: It's great to see your proactive approach to financial planning. Let's explore some options for investing your remaining 20 lakhs:

• Firstly, kudos on investing 20 lakhs in mutual funds. They offer growth potential and can play a vital role in your investment portfolio.

• For generating monthly income, consider fixed income options like bonds, fixed deposits, or debt mutual funds.
• These investments provide regular interest or dividends, offering a steady stream of income for your needs.

• To ensure future retirement planning, consider a combination of growth and income-generating investments.
• Equity mutual funds can provide long-term growth potential, while balanced funds offer a mix of equity and debt for stability.

• Additionally, explore retirement-focused investment vehicles like National Pension Scheme (NPS) or Pension Plans offered by insurance companies.
• These instruments offer tax benefits and provide a corpus for retirement income.

• Remember to diversify your investments across asset classes to mitigate risk and maximize returns.
• Consult with a Certified Financial Planner to tailor an investment strategy aligned with your financial goals and risk tolerance.

• Keep in mind that investing is a journey, and it's essential to review and adjust your portfolio regularly.
• Stay focused on your long-term financial objectives, and don't hesitate to seek professional advice when needed.

• With careful planning and disciplined investing, you can build a robust investment portfolio that supports your financial goals.
• Congratulations on taking this important step towards securing your financial future! Keep up the good work!

...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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