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Harsh

Harsh Bharwani  |62 Answers  |Ask -

Entrepreneurship Expert - Answered on Aug 16, 2023

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Colville Question by Colville on Jun 28, 2023Hindi
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Career

Dear Mr.Harsh, Hi,I'm a start-up entreprneur in the Oil/Gas sector, specialised in Training young aspirants to join the oil/gas industry to be employed in it.I aspire to start a program training new Engrs & like wise Sc.graduates (PCM) to work in the industry as process/operator/technicians .

Ans: Working in the oil and gas industry means you have to be on the oil rig. The oil and gas industry is a vast and wide industry. And there are lots of hard-working and white-collar jobs within the industry. More than 60% workforce working hard labour or skilled work. It can be from the plumber, driller, technicians mudlogger …etc. And also jobs related to finding new oil deposits, marketing…etc part of O&G industry.
The oil and gas industry offers high scale pay, Quick career growth and periodic payable leaves. Those are the major reasons for the candidates to attract to the oil and gas industry.
The entry-level jobs may not be rewarding in the oil and gas industry. But as you become an experienced professional, you can achieve a very rewarding career.

Start at Entry Level-
It is always good to start at the bottom level and work your way up. Research thorough before selecting your sector in the oil and gas industry. Each sector has its own pros and cons. No matter what your educational background or previous work history, this industry will welcome people with the necessary skills and a willingness to learn.
Most of the entry-level or job recruiting is done by 3rd party teams and contractors or sub-contractors.
Lots of entry-level job does not need any educational qualification or prior work experience. You can start as completely fresher in the oil and gas industry.

Get an Oil and Gas Job-oriented Training-
Oil and gas job-oriented training programs from reputed institutions helps you a lot to get into the oil and gas industry. You will ger basic-level training and in-depth idea for the how the oil and gas industry work. You also get an idea about, what are the duties and responsibilities of major job roles within the industry. You can start getting into the work immediately after joining the job if you had attended the training programs. You can use certificates offered by the training institution as a recruiting tool. Certified professionals will always have an upper hand in the industry.
Some training institutes also provide job offers after the training programs. Adi institute is one of the top institutes in south India for Oil and gas job training.

Get an apprenticeship-
Top-notch companies offer apprenticeship training for candidates. And filter good candidates for them. It always will be useful for building a career in the oil and gas industry. Either you will get a full-time job or get a good experience and opportunity to build a good network.

Don’t say ‘No’ to Internships-
Internships programs are always a good entry from the educational level to the O&G industry. If you are a beginner and trying to build a career in the industry, then never lose an opportunity to get into it.

Little Experience takes you a long way-
Even a little experience can give a boost to your career. Use your first experience to build networks and contact as well as work experience. always bear in mind that top-notch companies have constant job openings.
There are many job opportunities available for individuals with a Bachelor of Science degree in Physics, Chemistry and Mathematics (PCM). Some popular options include roles in research and development, data analysis, engineering, and education. Additionally, many industries, such as finance, healthcare, and technology, value analytical and problem-solving skills, which are developed through a PCM degree. It is recommended to research potential job opportunities and industries that align with your interests and skills.
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Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

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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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