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R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Feb 08, 2024

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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RAJ Question by RAJ on Sep 19, 2023Hindi
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myself is just 60 years old. Healthy and no ailment. wants to work with any reputed company. myself is delhi university B Com ( Honours ) pass out and working for one company from the last 35 years. any opportunity i am ready to handle.Regards Raj kumar nakra

Ans: Hello Raj Kumar Nakra,

It’s wonderful to hear about your 35 years of dedicated work experience! Your commitment and expertise are truly commendable. As you seek new opportunities, I recommend exploring reputable companies in Delhi NCR that value experienced professionals like yourself.

Here are a few avenues you might consider:

Talent Corner: They are currently hiring for a Sales Manager position related to audio-visual equipment. The role is remote and based near Delhi Division.

Delhi Associates: They have a full-time position available in Law.

Job World: If you’re interested in the banking sector, they have openings for various roles in a reputed bank.

Remember to tailor your resume and cover letter to highlight your extensive experience and skills. Best of luck in your job search, and may you find a fulfilling opportunity that aligns with your passion and expertise!
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R P

R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Jan 15, 2024

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Hi .. good afternoon I am 60 retired but looking to work atleast for next 5 years . Am a CA but contacts are not that great and experience all along been in manufacturing sectors ...Rajesh Jayaraman
Ans: Good afternoon, Rajesh! It’s great to hear that you are looking to work for the next 5 years. You have a strong background in manufacturing sectors and are a CA, which can be an asset in the field of finance. Here are some steps you can take to help you find jobs in the manufacturing sector:

Update your resume and LinkedIn profile: Highlight your experience in the manufacturing sector and your CA credentials. Make sure to tailor your resume to the job description of the roles you are interested in.

Build a strong network: Connect with professionals in the field of finance and manufacturing on LinkedIn, attend industry events, and join relevant groups. This can help you learn about job opportunities and get referrals.

Gain relevant experience: Consider taking online courses or certifications in finance, accounting, and other relevant areas. You can also work on personal projects or contribute to open-source projects to build your portfolio.

Apply to jobs: Look for job openings in the manufacturing sector that match your skills and interests. You can use job search engines such as Indeed, Glassdoor, and LinkedIn to find relevant job postings.

Prepare for interviews: Research the company and the role you are applying for, and practice answering common interview questions. Be prepared to showcase your experience in the manufacturing sector and your CA credentials.

Consider relocation: If you are open to relocation, you can expand your job search to other cities in India or other countries. This can increase your chances of finding a job that matches your skills and interests.

..Read more

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Nayagam P

Nayagam P P  |364 Answers  |Ask -

Career Counsellor - Answered on Jun 15, 2024

Nayagam P

Nayagam P P  |364 Answers  |Ask -

Career Counsellor - Answered on Jun 15, 2024

Asked by Anonymous - Jun 15, 2024Hindi
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Nayagam P

Nayagam P P  |364 Answers  |Ask -

Career Counsellor - Answered on Jun 15, 2024

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Hello sir Is it ok to choose mechanical engineering from Rvce banglore or CSE from NMIMS shirpur .
Ans: Divya, prefer CSE over Mechanical as far as Stream is concerned (more suitable for girls) though Mechanical Engineering is also a good Stream. Secondly, if you are more interested in CSE, compared to Mechanical, it is better to go for NMIMS. Your interest also matters for the next 4-years. Whatever Institute / University & Branch you choose, you should keep upgrading your skills from your 1st year itself till his Campus Placement during his last year, from LinkedIn, Coursera, NPTEL, Internshala etc. and / or any other online platforms, recommended by your College Faculties, to be COMPETENT among other Students.

All The BEST for your Bright Future, Divya.

To know more on ‘ Careers | Education | Jobs | Professional Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Studying in Kota for JEE/NEET Suitable for You? | Exam Preparation Techniques (Board | Entrance & Competitive)| Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Personality Development | Soft Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

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Ramalingam

Ramalingam Kalirajan  |3728 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Money
Monthly VPF 25k, NPS 15k MF 30k is good
Ans: Evaluating Your Investment Strategy
Your current investment strategy of Voluntary Provident Fund (VPF) Rs 25,000, National Pension System (NPS) Rs 15,000, and Mutual Funds (MF) Rs 30,000 per month is a solid approach. It's important to assess this strategy comprehensively to ensure it aligns with your financial goals and risk tolerance.

Voluntary Provident Fund (VPF)
Security and Tax Benefits
Investing Rs 25,000 per month in VPF offers high security and tax benefits. VPF is an extension of the Employees' Provident Fund (EPF), allowing you to contribute more voluntarily. The returns are usually fixed and risk-free, making it an excellent choice for conservative investors.

Long-term Wealth Accumulation
VPF is suitable for long-term wealth accumulation. The compounding effect over the years can significantly grow your corpus, especially when combined with employer contributions. This ensures a substantial retirement fund, which is crucial for maintaining your lifestyle post-retirement.

Limited Liquidity
However, VPF has limited liquidity. Withdrawals are restricted, and premature withdrawals can incur penalties. This makes VPF less suitable for those who might need quick access to their funds. It’s important to balance VPF with other more liquid investments.

National Pension System (NPS)
Retirement-focused Investment
Allocating Rs 15,000 per month to NPS is a prudent choice for retirement planning. NPS is a government-sponsored pension scheme that offers a mix of equity, corporate bonds, and government securities. This diversification reduces risk and enhances returns over the long term.

Tax Advantages
NPS provides additional tax benefits under Section 80CCD(1B), over and above the Rs 1.5 lakh limit under Section 80C. This can lead to significant tax savings, making NPS a tax-efficient investment option.

Annuity Requirement
One notable feature of NPS is the mandatory annuity purchase upon maturity. While this ensures a steady income stream post-retirement, it can limit the lump sum availability. This is something to consider if you prefer having more control over your retirement corpus.

Mutual Funds (MF)
Diversification and Growth Potential
Investing Rs 30,000 per month in Mutual Funds offers the benefit of diversification and higher growth potential. Mutual Funds pool money from various investors to invest in equities, bonds, and other securities. This spreads risk and increases the chance of higher returns.

Actively Managed Funds Over Index Funds
Actively managed funds, as opposed to index funds, provide professional fund management aiming to outperform market indices. These funds adapt to market conditions, aiming to deliver superior returns. This can be more beneficial than passively tracking an index, which may not always capture market opportunities.

Regular Funds Over Direct Funds
Regular funds, purchased through a Certified Financial Planner (CFP), come with advisory support, making them a better choice than direct funds. A CFP helps you navigate market complexities, offers personalized advice, and ensures your investments align with your financial goals. This professional guidance often outweighs the slightly higher expense ratios of regular funds.

Flexibility and Liquidity
Mutual Funds offer flexibility and liquidity, allowing you to redeem your investments at any time without significant penalties. This feature makes them an ideal component of your investment portfolio, ensuring you have access to funds when needed.

Comprehensive Financial Planning
Balancing Risk and Return
Your current allocation balances risk and return effectively. VPF provides safety and guaranteed returns, NPS offers a balanced approach with tax benefits, and Mutual Funds enhance growth potential through market participation. This diversification reduces overall portfolio risk while aiming for optimal returns.

Aligning with Financial Goals
It's crucial to align your investments with your financial goals. Regularly review your portfolio to ensure it meets your short-term, medium-term, and long-term objectives. Adjustments may be necessary as your life circumstances and financial goals evolve.

Emergency Fund
While your investment strategy is robust, ensure you have an emergency fund. An emergency fund covers unexpected expenses, preventing you from dipping into your long-term investments. Typically, an emergency fund should cover 6-12 months of living expenses.

Health Insurance
Adequate health insurance is another essential component. Health emergencies can deplete your savings quickly. Having comprehensive health insurance protects your finances and provides peace of mind.

Risk Management and Contingency Planning
Evaluating Risk Tolerance
Understanding your risk tolerance is key. Your investments should match your comfort level with risk. If market fluctuations cause anxiety, you might need a more conservative approach. Conversely, if you can withstand volatility for higher returns, more aggressive investments may be suitable.

Regular Portfolio Review
Regularly reviewing your portfolio ensures it stays aligned with your goals and risk tolerance. Market conditions change, and so should your investment strategy. A Certified Financial Planner can assist in rebalancing your portfolio to maintain the desired risk-return profile.

Contingency Planning
Have a contingency plan for unforeseen events like job loss, medical emergencies, or other financial setbacks. This includes maintaining an emergency fund and having adequate insurance coverage. Contingency planning protects your long-term investments and financial stability.

Tax Planning
Maximizing Tax Benefits
Your current investments in VPF and NPS provide significant tax benefits. Ensure you are fully utilizing these benefits to reduce your taxable income. Combining these with tax-efficient Mutual Funds can optimize your tax planning strategy.

Long-term Tax Efficiency
Consider the long-term tax implications of your investments. Tax-efficient growth can enhance your overall returns. A Certified Financial Planner can help structure your investments to minimize tax liability while maximizing growth potential.

Professional Guidance and Support
Role of a Certified Financial Planner
Engaging a Certified Financial Planner offers personalized financial advice tailored to your unique situation. A CFP provides insights into market trends, helps in goal setting, and ensures your investments are on track to meet your objectives. This professional support is invaluable in navigating complex financial landscapes.

Avoiding Common Pitfalls
A CFP helps you avoid common investment pitfalls, such as emotional decision-making, lack of diversification, and inadequate risk management. With expert guidance, you can make informed decisions that enhance your financial well-being.

Final Insights
Your current investment strategy of Rs 25,000 in VPF, Rs 15,000 in NPS, and Rs 30,000 in Mutual Funds is well-structured. It offers a balanced approach, combining security, tax benefits, and growth potential. Regular reviews, professional guidance, and aligning investments with your goals are crucial for long-term success. Ensure you have an emergency fund and adequate insurance to safeguard your financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Nayagam P

Nayagam P P  |364 Answers  |Ask -

Career Counsellor - Answered on Jun 15, 2024

Ramalingam

Ramalingam Kalirajan  |3728 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Asked by Anonymous - Jun 15, 2024Hindi
Money
I am retired 62 years old. My PPF is non contributory and 25 years old and just accrue interest. Since I cannot contribute further I want to close my PPF and invest the proceed in hybrid mutual fund. Kindly advise.
Ans: Understanding Your Financial Landscape
At 62, retirement planning is crucial for securing your financial future. Your decision to re-evaluate your investment strategy is prudent and timely. Given that your Public Provident Fund (PPF) is 25 years old and non-contributory, it's wise to explore alternative investment options to potentially enhance your returns. However, before making any decisions, let’s delve into the intricacies of your current financial landscape and evaluate your proposed plan.

Evaluating PPF as an Investment
PPF has been a popular investment vehicle due to its tax benefits and guaranteed returns. Over the years, it has provided you with steady, risk-free interest accruals. However, since your PPF account has matured and is no longer accepting contributions, its role in your portfolio needs reassessment.

Benefits of PPF:

Tax Benefits: Interest earned and maturity proceeds are tax-free.

Safety: Government backing ensures low risk.

Decent Returns: Historically, PPF has offered moderate but stable returns.

Despite these benefits, the inability to contribute further limits its growth potential. With inflation eating into fixed-income returns, it's understandable to seek avenues offering potentially higher returns.

Exploring Hybrid Mutual Funds
Hybrid mutual funds can be a compelling option, especially for retirees seeking a balanced approach. These funds invest in a mix of equities and debt instruments, providing a blend of growth and stability. Let's explore why hybrid mutual funds could be suitable for your needs:

Advantages of Hybrid Mutual Funds:

Diversification: By investing in both equities and debt, hybrid funds spread risk across different asset classes.

Balanced Risk: Equities offer growth potential, while debt provides stability, making hybrid funds less volatile than pure equity funds.

Regular Income: Some hybrid funds are designed to offer regular dividends, which can be appealing for retirees needing periodic income.

Professional Management: These funds are managed by experienced professionals who adjust the portfolio based on market conditions.

However, not all hybrid funds are created equal. It’s important to choose funds aligned with your risk tolerance and financial goals. Working with a Certified Financial Planner can help identify the best options for your unique situation.

Disadvantages of Index Funds and Direct Funds
While you might come across suggestions for index funds or direct funds, it's crucial to understand their potential drawbacks.

Index Funds:

Limited Flexibility: Index funds passively track an index, limiting opportunities to outperform the market.

Market Dependency: They rise and fall with the market, which might not suit conservative investors seeking stability.

Direct Funds:

Lack of Guidance: Direct funds bypass intermediaries, which means you miss out on professional advice.

Complexity: Managing direct funds can be complex, especially for those unfamiliar with market dynamics.

Given these points, actively managed funds through a Certified Financial Planner offer a tailored approach, aligning investments with your specific needs and goals.

Steps to Reinvesting PPF Proceeds
Transitioning from PPF to hybrid mutual funds involves several steps to ensure a smooth and effective process:

1. Assess Financial Goals:

Determine your short-term and long-term financial objectives.

Consider your risk tolerance and income needs.

2. Liquidate PPF:

Initiate the process to close your PPF account and receive the maturity proceeds.

Ensure the funds are transferred to a savings account for easy access.

3. Consult a Certified Financial Planner:

Engage a CFP to analyze your financial situation and recommend suitable hybrid mutual funds.

Discuss your retirement income strategy and ensure alignment with your goals.

4. Select Suitable Hybrid Funds:

Choose funds with a good track record and align with your risk appetite.

Consider funds offering regular dividends if you require periodic income.

5. Monitor and Adjust:

Regularly review your portfolio's performance with your CFP.

Adjust allocations based on changing market conditions and financial needs.

Benefits of Professional Guidance
Working with a Certified Financial Planner brings several advantages:

Personalized Advice: Tailored investment strategies based on your unique financial situation.

Risk Management: Strategies to mitigate risks while aiming for growth.

Continuous Monitoring: Regular portfolio reviews and adjustments to stay on track.

Holistic Planning: Integration of all financial aspects, including tax planning and estate planning.

Balancing Growth and Stability
Hybrid mutual funds offer a balanced approach, but it's essential to strike the right balance between growth and stability. Here’s how:

Equity Component:

Invest in equity-oriented hybrid funds for potential capital appreciation.

Suitable for long-term growth but comes with higher volatility.

Debt Component:

Debt-oriented hybrid funds provide stability and regular income.

Lower risk compared to equities, but with modest returns.

Regular Reviews:

Periodic reviews ensure your portfolio remains aligned with your goals.

Adjustments based on market conditions help optimize returns.

Tax Implications
Switching investments can have tax implications. Here’s what to consider:

PPF Maturity:

Proceeds from PPF maturity are tax-free.

No immediate tax liability upon withdrawal.

Mutual Fund Investments:

Gains from hybrid funds are subject to capital gains tax.

Long-term capital gains (held over one year) are taxed at a lower rate than short-term gains.

Final Insights
Your proactive approach to reassessing your investment strategy at 62 is commendable. Moving from a matured PPF to hybrid mutual funds can offer a balanced blend of growth and stability. However, it’s essential to choose the right funds and align them with your financial goals. Engaging with a Certified Financial Planner will provide you with personalized guidance, ensuring your retirement years are financially secure and comfortable. This transition requires careful planning and regular monitoring to adapt to changing market conditions and personal needs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Nayagam P

Nayagam P P  |364 Answers  |Ask -

Career Counsellor - Answered on Jun 15, 2024

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Hello sir My name is Paritosh Kumar and I am currently 23 years old last year I graduated in the field of science I have done BSE and I gave cat and xat but score was very low In 12th class I was preparing for Engineering entrance but I couldn't clear it in graduation I was preparing for management entrance but couldn't clear right now I have got a lot of demotivated but I know that it is my fault only I want to do something good in life and feel proud I am thinking of giving CAT exam again this year with good preparation so that I can target top management college along with I am also preparing little government exam can you give me CAT exam guidance and little bit life approach that how shell I should move from now as it is end of me coming so how should I move forward
Ans: Paritosh, You have NOT mentioned you have completed BSc in What? Anyway, here are some suggestions. (1) You will have to change your preparation strategies for your CAT & Govt. Exams (2) Analyze over your Syllabus / Questions asked in the Exams you appeared (3) Focus more on Difficult / Complicated / Tough / Lengthy / Wrongly Answered Questions & give more importance for high-weightage subjects like Maths (4) Prepare short notes, depending upon the Topics and which you think you might forget often. (5) You know a lot of things, but you will NOT remember many things. Every day, you should revise what you have studied during the day before going to bed for 30-40 minutes. (6) Also, you should keep revising frequently (weekly / bi-weekly / fortnightly the topics you have already covered, especially tough topics / subjects (7) Study for 35-45 minutes and take a 10-minutes break. If you study beyond 45 minutes, you will start losing your Concentration Power and output will be which you should avoid. (8) Prefer studying tough topics / subjects early morning when your mind will be 100% fresh (9) To keep yourself physically and mentally fit, do Yoga or Meditation or any other Physical Exercises at least for 30-minutes either morning or evening, whichever will be convenient to you. (10) You should have a minimum of 7.30 hours sleep. (11) Time Management is more important. All The BEST for your Bright Future. To know more on ‘ Careers | Education | Jobs | Professional Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Studying in Kota for JEE/NEET Suitable for You? | Exam Preparation Techniques (Board | Entrance & Competitive)| Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Personality Development | Soft Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

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Nayagam P

Nayagam P P  |364 Answers  |Ask -

Career Counsellor - Answered on Jun 15, 2024

Asked by Anonymous - Feb 01, 2024Hindi
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Career
My daughter who is currently in 11th Standard and opted for commerce with physical education with fine arts as an extra subject, wants to pursue bachelor of designing. Please guide regarding career options after completion of this degree.
Ans: Steps now for your Daughter's Career in DESIGN after 12th. (1) From September onwards (when she will be in 12th Standard), she should start applying for minimum 5-Entrance Exams, meant for Design Courses such as, NID-DAT, UCEED, CEED, MIT-DAT, SEED & NIFT. (2) Now itself, should go through the Syllabus of All Entrance Exams and start preparing to be COMPETENT among other aspirants to get admission into one of the Top-Ranked Design Institutes in India with the desired Specializations. (3) There are multiple career options with specializations in Design field. It is advisable NOT to think over specailization now. She can decide by her 12th standard end. (4) She should shortlist minimum 5-Top Design Institutes & Top 5-Design Courses / Specializations she wishes to pursue for. (5) Immediately after the Results of Entrance Exams, please ask for best career options here in RediffGURU. We will be happy to help your daughter. All The BEST for your Daughter’s Bright Future.

To know more on ‘ Careers | Education | Jobs | Professional Resume Writing | Profile Building | Salary Negotiation Skills | Building Professional LinkedIn Profile | Choosing Right School Board (State | Matriculation | CBSE | ICSE |International Board) | Student Psychological Counselling | Studying in Kota for JEE/NEET Suitable for You? | Exam Preparation Techniques (Board | Entrance & Competitive)| Job Interview Skills | Skill Upgrading | Parenting & Child Upbringing Skills | Career Transition | Abroad Education | Education Loan (India | Abroad) | Scholarship (India | Abroad) | SOP Writing Tips’, please FOLLOW me in RediffGURU here.

Nayagam PP |
EduJob360 |
CERTIFIED Career Coach | Career Guru |
https://www.linkedin.com/in/edujob360/

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