Home > Career > Question
Need Expert Advice?Our Gurus Can Help
R P

R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Mar 15, 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.
... more
Harish Question by Harish on Jun 25, 2023Hindi
Listen
Career

I am a Post graduate in Marketing Mgmnt with a Civil Engg degree. I am 50 yrs old and I am working in Ports and Marine field currently. Kindy suggest if any further courses like Financial management or Port & Terminal Management would help in my career advancement and also good instiutes for taking up the courses online..

Ans: Certainly! Considering your background in Civil Engineering, your current work in the Ports and Marine field, and your interest in career advancement, let’s explore some relevant courses and potential institutes:

Maritime and Shipping Courses:
Scope: The maritime industry plays a crucial role in international trade and commerce. Almost 90% of global trade is conducted through sea routes, emphasizing the need for professionals in this field.
Courses:
Diploma in Marine Engineering: A 3-year program that covers marine fundamentals and practical aspects.
Diploma in Logistics and Shipping: A 1-year course focusing on logistics and shipping operations.
Diploma in Naval Architecture and Offshore Engineering: A 3-year program related to ship design and offshore structures.
Diploma in Nautical Science: A 1-year course covering navigation and seamanship.
B.Sc. in Ship Building and Repair: A 3-year undergraduate program.
B.Sc. in Maritime Science: A 3-year degree emphasizing maritime operations.
B.Tech/B.E. in Marine Engineering: A 4-year engineering program specific to marine systems.
M.Tech in Marine Engineering: A 2-year master’s program with advanced marine studies.
M.Sc in Shipping Trade and Finance: A 1-year master’s program focusing on shipping business and finance 1.
Management Courses:
MBA in Shipping and Logistics: A 2-year master’s program that combines business management with shipping expertise.
MBA in International Transportation & Logistics Management: A 2-year program covering global logistics and transportation.
MBA in Port and Shipping Management: A 2-year course specifically focused on port operations and management.
Online Institutes and Platforms:
Coursera: Offers various online courses related to marine topics. You can explore their offerings and find courses that align with your interests.
Abu Dhabi Maritime Academy: Known for superior maritime training and career development opportunities.
Considerations:
Interest: Choose a course that aligns with your interests and career goals.
Global vs. Local: Decide whether you want to focus on international opportunities or the Indian maritime sector.
Financial Aspects: Consider the cost of courses and potential return on investment.
Remember that continuous learning and upskilling are essential for career growth. Evaluate your preferences, explore course details, and choose wisely. Best of luck with your career advancement!
Career

You may like to see similar questions and answers below

Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jun 23, 2023

Listen
Career
Hi, I am working in one of the shipping line MNC, i handling there accounts receivable since past 6 years, before this, i was with airlines company, was handling there account payable profile. though its been 13 years of experince, i am not getting any growth and feeling like i am going no where in career. please guide me what option and suitable courses which will help me in my prifessional growth.
Ans: Hello Mahesh,

I understand that despite your 13 years of experience in handling accounts receivable and accounts payable, you are currently feeling stagnant and seeking guidance on suitable courses and options for professional growth. I can offer you some suggestions to help you progress in your career.

Continuous Learning: In the ever-evolving world of finance and accounting, it is crucial to stay updated with the latest trends, regulations, and technologies. Consider enrolling in courses or pursuing certifications that enhance your knowledge in areas such as financial analysis, risk management, data analytics, or international accounting standards. These will not only expand your skill set but also make you more valuable to your current and future employers.

Specialization: Assess your strengths and interests within the accounting field and consider specializing in a particular area. For example, you could focus on tax accounting, auditing, financial planning and analysis, or managerial accounting. Specializing can help you stand out from the competition and open up new opportunities for career advancement.

Networking and Professional Associations: Engage with professional associations related to accounting and finance, both locally and internationally. Attend conferences, seminars, and networking events to meet professionals in your field and expand your professional network. Building connections can lead to new career prospects, mentorship opportunities, and valuable insights from industry experts.

Seek Internal Opportunities: Explore potential growth opportunities within your current organization. Speak with your supervisors or human resources department about your aspirations for career progression. Express your interest in taking on additional responsibilities, cross-functional projects, or managerial roles. Taking initiative and demonstrating your ambition can lead to internal promotions or transfers to more challenging positions.

Consider Advanced Degrees: Depending on your long-term career goals, you may consider pursuing an advanced degree such as a Master's in Business Administration (MBA), a Master's in Finance, or a Certified Public Accountant (CPA) qualification. These qualifications can enhance your knowledge, provide a broader business perspective, and potentially increase your earning potential.

Personal Development: Besides professional qualifications, do not overlook the importance of personal development. Enhance your leadership, communication, and interpersonal skills, as these qualities are highly valued in managerial positions. Consider attending workshops or seminars that focus on soft skills development.

Remember that professional growth is a continuous journey, and it requires a proactive approach. Assess your goals, skills, and interests regularly to ensure you are heading in the right direction. It is also crucial to maintain a positive attitude, embrace challenges, and stay motivated throughout your career.

I hope these suggestions provide you with a starting point for your professional growth. Wishing you the very best in your career endeavors.

Best regards,
Abhishek Shah

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Listen
Money
Hi, I invest 1.5 lacs per month in mutual funds through SIP. My current MF portfolio is of 71 lacs, and is mix of index, large, mid, and small cap funds. My goal is to have 15 cr in 15-20 yrs and retire. Please suggest a good mf mix. My current xirr is 22%.
Ans: Given your ambitious goal of accumulating 15 crores in 15-20 years, maintaining a diversified mutual fund portfolio is crucial. Here's a suggested mix:

Large Cap Funds: Allocate a significant portion of your SIP towards large-cap funds for stability and steady growth potential.
Mid and Small Cap Funds: These funds offer higher growth potential but come with increased volatility. Allocate a portion of your SIP towards them for higher returns.
Index Funds: Consider investing in index funds to capture the broader market's growth at a lower expense ratio.
Multi-Cap Funds: These funds offer flexibility to invest across market capitalizations based on prevailing market conditions. They provide a balanced approach to growth.
Balanced Advantage Funds: These funds dynamically allocate between equity and debt, offering downside protection during market downturns.
Review and Rebalance: Regularly review your portfolio's performance and adjust the allocation based on changing market conditions and your evolving financial goals.
Risk Management: While aiming for higher returns, ensure that your portfolio is diversified across asset classes to manage risk effectively.
Professional Advice: Consider consulting with a Certified Financial Planner to tailor a personalized investment strategy aligned with your financial goals and risk tolerance.
With disciplined investing, diversified allocation, and periodic review, you can work towards achieving your target corpus of 15 crores for retirement.

...Read more

Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Listen
Money
Hi I have started SIP through GROWW from December 2023 with ICICI prudential commodities fund direct growth 1000 Rs ICICI prudential bluechip fund direct growth 500 Rs Nippon India multicap fund direct growth 100 Rs and SBI long term equity fund 500 per month.currently I m 45 and am retiring at age of 60 from govt services .is this selection right for long-term wealth creation or needs modification. Regards Manzar
Ans: Your choice of SIPs through GROWW reflects a proactive step towards wealth creation for your retirement. However, considering the long-term horizon until your retirement at age 60, a few adjustments may be beneficial for optimal results:

Diversification: While your selected funds cover different market segments, you may consider diversifying further across asset classes like debt or international funds to spread risk.
Professional Guidance: Engaging with a Mutual Fund Distributor (MFD) in a regular plan can offer personalized advice and emotional support, particularly for long-term goals like retirement planning.
Review and Monitoring: Regularly review your portfolio's performance and align it with changing market conditions and your evolving financial goals. Periodic rebalancing may be necessary to maintain optimal asset allocation.
Risk Assessment: Evaluate the risk profile of each fund in your portfolio and ensure it aligns with your risk tolerance and investment objectives.
Retirement Corpus Calculation: Consider estimating the desired corpus required for your retirement lifestyle and adjust your SIP contributions accordingly to meet this goal.
Tax Planning: Factor in tax implications on your investments and explore tax-efficient options like Equity Linked Saving Schemes (ELSS) for potential tax savings.
Professional Consultation: Seek advice from a Certified Financial Planner or Mutual Fund Distributor for a comprehensive financial plan tailored to your retirement aspirations and financial situation.
Remember, investing is a long-term journey, and periodic review and adjustments are essential to stay on track towards achieving your financial goals.

...Read more

Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Asked by Anonymous - Jan 14, 2024Hindi
Listen
Money
Hello sir, pl ignore our previous question. Sorry. Pl advise on below i am 45 yrs old & want to take parag parikh flexi cap for long terms (approx 15-20yrs). Shall i take mutual fund or SIP for the same. I want to invest either 1.00 lacs lumsum amount in MF or ?5000 p.m. in SIP. Which option shall i chose. Pl advise Also i invested in the following 1) MF: amount ?50000 in aditya birla sunlife equity hybrid 95 fund growth & HDFC flexicap fund growth (for long term) 2) Mf: lumsum amount ?100000 in nippon India large cap fund growth 3) SIP: HDFC retirement saving fund equity plan-regular plan- growth @ ?10000/-p.m. & aditya birla sun life digital india fund-growth-regular plan Also advise on above mf/sip whether is it good for long term
Ans: Given your investment horizon of 15-20 years and your preference for Parag Parikh Flexi Cap Fund, here's my advice:

Investment Method:
For a long-term horizon like yours, both lump sum investment and SIP have their advantages.
Lump sum investment entails putting in a larger amount upfront, potentially benefiting from market growth over time.
SIP, on the other hand, allows you to invest regularly, benefit from rupee cost averaging, and mitigate the impact of market volatility.
Choice between Lump Sum and SIP:
Considering the current market conditions and the potential for volatility, SIP can be a prudent choice.
By spreading your investments over time, SIPs can help smoothen the impact of market fluctuations and reduce timing risk.
You can start with an SIP of Rs. 5,000 per month in Parag Parikh Flexi Cap Fund and increase the amount gradually over time, leveraging the power of compounding.
Regarding your existing investments:

Aditya Birla Sunlife Equity Hybrid 95 Fund Growth and HDFC Flexicap Fund Growth:
These funds have the potential to provide balanced growth by investing in a mix of equity and debt instruments.
Given your long-term horizon, they can be suitable choices for wealth accumulation.
Nippon India Large Cap Fund Growth:
Large-cap funds like these tend to offer stability and steady growth potential over the long term.
It can serve as a core holding in your portfolio, providing exposure to established companies with strong fundamentals.
HDFC Retirement Saving Fund Equity Plan-Regular Plan-Growth and Aditya Birla Sun Life Digital India Fund-Growth-Regular Plan:
These funds cater to specific themes (retirement saving and digital India), which can add diversification to your portfolio.
Given your long-term horizon, they can complement your existing investments, provided you have a high-risk tolerance and believe in the long-term growth potential of these sectors.
Remember to regularly review your portfolio's performance and make adjustments as needed based on changes in your financial goals, risk tolerance, and market conditions. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your individual needs and objectives.

...Read more

Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Listen
Money
Hi, I'd like to do SIP in an equity based index fund. I'm looking to invest for a horizon of 16 years. Can you please suggest what all indices should I check before finalizing on the plan? What all AMCs are preferable?
Ans: When selecting equity-based funds for your SIP investment with a 16-year horizon, active funds may be a preferable option over index funds for several reasons:

Potential for Higher Returns:
Active fund managers have the flexibility to actively select stocks and adjust portfolio allocations based on market conditions and opportunities.
This active management approach allows them to potentially outperform the benchmark index and generate higher returns over the long term.
Ability to Beat the Market:
Skilled fund managers can leverage their expertise, research capabilities, and market insights to identify undervalued or high-growth stocks that may not be adequately represented in the index.
Through active stock selection and portfolio management, active funds aim to beat the market and deliver alpha, providing investors with additional returns above the benchmark index.
Diversification and Risk Management:
Active funds offer the advantage of diversification across sectors, industries, and market capitalizations, reducing concentration risk and enhancing portfolio resilience.
Fund managers actively monitor and manage portfolio risks, making tactical asset allocation decisions to mitigate downside risk and capitalize on market opportunities.
Adaptability to Market Changes:
Active fund managers can respond quickly to changing market dynamics, economic trends, and geopolitical events, adjusting portfolio positioning to capitalize on emerging investment themes or navigate market uncertainties.
This agility and flexibility enable active funds to potentially deliver superior risk-adjusted returns over different market cycles.
Personalized Investment Approach:
Active funds offer a personalized investment approach, with fund managers actively engaging with investors, providing insights, and offering customized solutions to meet their specific investment objectives and financial goals.
While active funds may carry higher expense ratios compared to index funds, the potential for alpha generation and superior long-term performance may justify the higher costs for investors seeking optimal returns and portfolio growth over the investment horizon.

Consult with a Certified Financial Planner to assess your risk tolerance, investment objectives, and financial situation before selecting the most suitable funds for your SIP investments. They can provide personalized advice tailored to your needs and help you build a well-structured investment portfolio aligned with your long-term goals.

...Read more

Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Listen
Money
Am 55 year old and have MF of. 35 Lakhs with total 1lakh monthly SIP in funds like Tata large/ Midcap fund/ HSBC midcap/ Kotak Emerging Equity fund / Axis blue chip Fund/ UTI Flexi cap fund &FD around 12 lakhs / 10 lakhs in PPF.. My Goal is to create 3-4 cr Pls advise
Ans: Given your age and financial goals, it's essential to ensure that your investment portfolio is aligned with your objectives and risk tolerance. Here are some suggestions to help you work towards your goal of creating a corpus of 3-4 crores:

Review Your Asset Allocation:
Assess your current asset allocation and ensure it aligns with your risk profile and investment horizon.
Consider rebalancing your portfolio to maintain the desired mix of equity, debt, and other assets.
Optimize Your Mutual Fund Portfolio:
Review the performance and consistency of your existing mutual fund holdings.
Consider consolidating or pruning underperforming funds and focusing on those with a strong track record and aligned with your investment goals.
Diversify across different market segments and investment styles to manage risk effectively.
Explore Retirement-Focused Investments:
Given your age and goal of creating a substantial corpus for retirement, consider increasing your exposure to retirement-focused investments such as National Pension System (NPS) or retirement-oriented mutual funds.
These instruments offer tax benefits and are specifically designed to help individuals build a retirement corpus over the long term.
Regular Monitoring and Adjustments:
Regularly review your investment portfolio and make adjustments as needed based on changes in your financial situation, market conditions, and investment goals.
Stay informed about market trends and economic developments to make informed investment decisions.
Seek Professional Advice:
Consider consulting with a Certified Financial Planner to receive personalized advice tailored to your specific needs and goals.
They can help you develop a comprehensive financial plan, optimize your investment portfolio, and track your progress towards your retirement goal.
By following these steps and staying disciplined in your investment approach, you can work towards achieving your goal of creating a corpus of 3-4 crores for retirement.

...Read more

Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Asked by Anonymous - Jan 16, 2024Hindi
Listen
Money
Hi rediff guru, I have a son who is 9 years old and for him I have been investing in 10k every month in HDFC children gift fund. I have a daughter who is 2 years old and I would like to start investing for her too. Should I invest in the same HDFC children gift fund (10K per month) or should I invest in the Sukhanya Samriddhi Yojana (1.5 lks per annum) Looking for something which will give better returns in the next 15 years also tax free. Please help
Ans: Investing for your children's future is commendable, and it's essential to choose the right investment option based on your financial goals and preferences. Here's a comparison between HDFC Children's Gift Fund and Sukanya Samriddhi Yojana (SSY) to help you make an informed decision:

HDFC Children's Gift Fund:

Offers the flexibility of investing in equity and debt instruments, providing the potential for higher returns over the long term.
Returns are subject to market risks but may outperform traditional fixed-income investments like SSY, especially over a 15-year horizon.
Taxation: Long-term capital gains (if any) are taxed at 10% without indexation benefit, applicable if gains exceed Rs 1 lakh in a financial year.
Not specifically designed for tax benefits, but potential returns could outweigh tax implications.
Sukanya Samriddhi Yojana (SSY):

Specifically designed for the girl child's education and marriage expenses, offering guaranteed returns and tax benefits under Section 80C of the Income Tax Act.
Currently offers a higher interest rate compared to most fixed-income instruments, providing assured returns.
Taxation: Contributions qualify for tax deductions under Section 80C, and interest income and maturity proceeds are tax-free.
The scheme has a lock-in period until the girl child turns 21, which may restrict liquidity compared to mutual funds.
Considering your investment horizon of 15 years and the desire for tax-free returns, SSY could be a suitable option for your daughter. However, if you prefer potential higher returns and are comfortable with market risks, HDFC Children's Gift Fund may be worth considering for your son's investments.

Consult with a Certified Financial Planner to assess your risk tolerance, financial goals, and tax implications before making a decision. They can provide personalized advice based on your unique circumstances and help you create a comprehensive investment plan for your children's future.

...Read more

Ramalingam

Ramalingam Kalirajan  |1356 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Listen
Money
Hello Ulhas joshi sir, All our corpos mostly 90% is in debt(in the form of FDR's, SSSC, LIC etc) and rest 10% in MF and ULIP. I am 32 years and my mother is 61 years. I am working professional in tier 2 city and mother is retired from government job. I am seeking a financial advice to balance out the investments in debt and want some exposure in equity by investing through MF's. We have a total of 3 cr in debt and approx 40 lacs in equity market. Please suggest us the suitable mix so that our corpus would also grow and expenses would also meet out. Our total expenses per month would be around 35 K. Please also suggest the names of mutual funds to start investing?? Regards, Bharat Manik
Ans: Hello Bharat Manik,

It's commendable that you're looking to diversify your investments and seek growth opportunities in equity markets. Here are some suggestions to achieve a balanced portfolio:

Asset Allocation:
Considering your age difference and risk tolerance, you may adopt a balanced approach to asset allocation.
Allocate a significant portion of your portfolio (around 60-70%) to debt instruments to provide stability and income generation, especially considering your mother's retirement.
Allocate the remaining portion (around 30-40%) to equity investments to benefit from potential growth opportunities over the long term.
Mutual Fund Selection:
For equity exposure, consider investing in a mix of large-cap, multi-cap, and balanced funds to diversify across market segments and manage risk effectively.
Opt for funds with a consistent track record of performance, experienced fund managers, and a strong investment philosophy aligned with your objectives.
Regular Review:
Regularly review your portfolio to ensure it remains aligned with your financial goals, risk tolerance, and market conditions.
Rebalance your portfolio as needed to maintain the desired asset allocation and optimize returns.
Emergency Fund:
Ensure you have an adequate emergency fund set aside in liquid instruments to cover unforeseen expenses and emergencies.
Consultation:
Consider consulting with a Certified Financial Planner to receive personalized advice tailored to your specific needs and goals.
They can help you develop a comprehensive financial plan that addresses your investment objectives, risk tolerance, and retirement needs.
By adopting a balanced approach to asset allocation and investing in diversified mutual funds, you can work towards achieving your financial goals while managing risk effectively.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x