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R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Feb 28, 2023

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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Hitesh Question by Hitesh on Feb 23, 2023Hindi
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Career

Dear Mr R P YAdav I have finshed B ARCH with much interested in design and creative field. I realised the problem in 2nd yr itself but some how continued and finished the graduation. I took the admission in B ARCH are 12 commerce. During all the 5 years i felt like I should have done CA or MBA. Can you tell me what options I have now to change my filed to commerce/related areas

Ans: Dear Hitesh, I understand that you are not happy with your current course of career after completion of B Arch degree and want to pursue CA or MBA. In case you have been a B Com Graduate, it would have been easier for you to pursue MBA directly after the completion of your graduation as you have Commerce background in your 12th standard. In your current scenario as well, you can opt for pursuing MBA with a specialization of your choice since you have not mentioned which stream you want to get into. In case you want to pursue MBA with specialization in Marketing or Finance, you should opt for a full time course from a reputed and registered institution which will get you a good job opportunity in marketing or commercial fields post course completion. But in case you are planning to go for a desk job or accounts related positions, you should pursue CA from a distinguished college or university. You should keep it in mind that pursuing CA is a time-consuming process and it can take anything between 3-5 years minimum to complete a Chartered Accountant course but upon successful completion, you will have a bright career opportunity in the corporate world in finance, accounts, NBFCs and banks.
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Nitin

Nitin Narkhede  |4 Answers  |Ask -

MF, PF Guru - Answered on Sep 10, 2024

Asked by Anonymous - Sep 06, 2024Hindi
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Money
I am 16 and I want to invest in mutual funds. I get pocket money of Rs 3000 per month. After cutting costs, I save about Rs 1200-1500 per month. Can I invest this in SIPs? My goal is to buy a Yamaha bike In December 2025 for my 18th birthday which costs Rs 1.5 lakh. I have already saved Rs 40,000. Where can I invest so that I can double my savings by next year? Please advice
Ans: Dear
It’s awesome that you’re thinking about investing at such a young age! Your goal of buying a Yamaha bike for your 18th birthday is achievable with the right investment strategy. Let’s break it down:
1. SIP (Systematic Investment Plan) for Your Monthly Savings you can absolutely invest your savings in SIPs. With Rs 1200-1500 available per month, SIPs are a great way to start investing in mutual funds. They allow you to invest small amounts regularly, and over time, you can benefit from compounding and rupee-cost averaging, which means your money can grow steadily. However, since your goal is just over a year away (December 2025), you’ll need to invest in something that balances growth with moderate risk, because mutual funds, especially equity ones, can be volatile in the short term.
2. How Much You Need to Save - Your target is Rs 1.5 lakh, and you’ve already saved Rs 40,000.- So, you need Rs 1.1 lakh more by December 2025. - You have roughly 15 months left, meaning you need to save or grow your savings by about Rs 7333 per month to meet your goal.
3. Investment Options - Given your short time frame, here are a few options to consider: - Hybrid or Balanced Mutual Funds: These funds invest in both stocks (equity) and bonds (debt), providing moderate growth with relatively lower risk than pure equity funds. While they might not double your savings in a year, they can give you better returns than a bank savings account. On average, you could expect returns of 8-10% per year. - Debt Mutual Funds: These are safer compared to equity mutual funds but offer lower returns, typically 6-8% per year. Debt funds might be a good option if you want to minimize risk, though they won't give huge returns in a short time. - Recurring Deposits (RDs): If you’re looking for safety and guaranteed returns, an RD in a bank might be a safer option, though the returns will be around 5-6%. This won’t help double your money, but it’s secure.
4. Doubling Your Money in a Year- While it’s tempting to look for ways to double your money quickly, it’s important to understand that high returns usually come with high risk. Investing in high-risk options like **stock trading** or **cryptocurrencies** could lead to losses, especially over such a short period.
Unfortunately, doubling your money in just over a year is not realistic without taking on significant risk. A better approach is to aim for stable growth and possibly adjust your bike budget or timeframe if necessary.
5. Action Plan - Start a SIP in a **balanced or hybrid mutual fund** with your monthly savings of Rs 1200-1500.
- Continue saving as much as possible to reach your target.
- Be cautious of high-risk investments, as they could hurt your savings in the short term.
So the Conclusion that by investing in SIPs and sticking to a disciplined savings plan, you should be able to get close to your goal. While doubling your money may not happen within a year, steady growth will help you build towards your dream bike.
If you need more personalized advice, consider speaking to a financial advisor to find the best funds for your situation.

Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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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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