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

Patrick Dsouza  |218 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Feb 07, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Lavkush Question by Lavkush on Jan 10, 2024Hindi
Listen
Career

Hi, I am pursuing Diploma in mechanical Engineering from a private university and now I am in 3rd semester. So tell me that if I selected in interview for job then should I accept the job or go forward for higher study B.tech and tell me that from which type of college would be best to do b.tech (private/government) if I chose to do b.tech.Also suggest me some best colleges name.

Ans: It is preferred that you do your graduation as that would open more options in terms of career. Focus on getting into best colleges be it govt or private, though it is seen than government colleges fare much better as compared to private colleges. There are a lot of Govt engg colleges across India, can see which you are eligible in and apply. Colleges like COE P, VJTI are some good options
Career

You may like to see similar questions and answers below

Latest Questions
Samraat

Samraat Jadhav  |1723 Answers  |Ask -

Stock Market Expert - Answered on May 07, 2024

Samraat

Samraat Jadhav  |1723 Answers  |Ask -

Stock Market Expert - Answered on May 07, 2024

Ramalingam

Ramalingam Kalirajan  |1576 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 18, 2024Hindi
Listen
Money
Hi Devji I have retired recently from a Corporate company and awaiting for PF withdrawal and processing for EPS(annuity) once the end dates are updated by company in the EPFO portal. As such I don't have any immediate alternate investment plans till my sons abroad studies process complete by July / August. Do I go for complete withdrawal of my PF amount from EPFO and invest in the available investment options like FDs or better to keep the Fund in same EPFO which will get their standard interest rates i believe. Please suggest the best way
Ans: Congratulations on your retirement! Deciding whether to withdraw your PF amount from EPFO or leave it there depends on various factors. Here are some considerations to help you make an informed decision:
1. Financial Goals: Evaluate your immediate and long-term financial goals. If you have other sources of income and don't need the PF amount immediately, leaving it invested in EPFO can provide you with a steady income stream through interest earnings.
2. Risk Tolerance: Consider your risk tolerance and investment preferences. EPFO offers relatively low-risk options with assured returns, making it suitable for conservative investors. If you prefer safety and stability over potentially higher returns, keeping your funds in EPFO might be a good option.
3. Investment Alternatives: Assess the available investment options and their potential returns. While FDs offer safety and guaranteed returns, they may provide lower returns compared to other investment avenues like mutual funds or stocks. If you're comfortable exploring other investment options and are willing to take on some level of risk, you may consider diversifying your portfolio.
4. Tax Implications: Understand the tax implications of withdrawing your PF amount. EPF withdrawals are tax-free if made after five years of continuous service. However, interest earned on FDs is taxable as per your income tax slab. Consider consulting a tax advisor to understand the tax implications of your decision.
5. Liquidity Needs: Assess your liquidity needs and emergency fund requirements. If you anticipate any unexpected expenses in the near future, maintaining liquidity by keeping your funds in EPFO may be beneficial.
6. Inflation Consideration: Keep in mind the impact of inflation on your savings. EPFO interest rates may not always beat inflation, affecting the real value of your savings over time. Explore investment options that offer potential returns that outpace inflation to preserve your purchasing power.
Ultimately, the decision should align with your financial goals, risk tolerance, and current financial situation. It's advisable to consult with a Certified Financial Planner or investment advisor who can provide personalized guidance based on your individual circumstances.
Best wishes for your retirement and your son's studies abroad!

...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