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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jul 10, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
Ravikumar Question by Ravikumar on Jul 07, 2023Hindi
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Sir, i am Ravi working as an accountant in small scall industry. Basically I completed my B com in kannada medium, I am not well in english communication, can i get high salary job? Please advise.

Ans: Hi Ravi,

I understand your concern about English language proficiency affecting your job prospects and salary potential. While language skills are certainly important in many industries and job roles, it's not the sole determining factor for securing a high-paying job.

In the field of accounting, proficiency in English can be beneficial, especially when dealing with multinational clients or working in a global organization. However, it's not the only factor that employers consider. Your expertise, experience, and qualifications as an accountant are equally important.

To enhance your job prospects and potentially secure a higher-salary job, I would suggest the following:

Focus on your accounting skills: Continue to develop and refine your accounting expertise. Stay updated with industry trends, regulations, and best practices. Consider pursuing professional certifications like CPA (Certified Public Accountant) or CMA (Certified Management Accountant) to showcase your proficiency.

Gain practical experience: Look for opportunities to gain hands-on experience in accounting, either through internships or by taking on additional responsibilities in your current role. Practical experience can often compensate for any language barriers.

Improve your English communication skills: While it may not be a prerequisite for every accounting job, improving your English communication skills will undoubtedly open more doors for you. Consider enrolling in English language courses or seeking out resources to help you improve your speaking, writing, and listening skills.

Highlight your strengths: Emphasize your expertise in accounting, your attention to detail, and your ability to manage financial data effectively. Showcase any accomplishments or projects where you made a significant impact.

Network and seek opportunities: Engage with professional networks, attend industry events, and connect with individuals who can potentially help you find new job opportunities. Networking can often lead to discovering roles that are suitable for your skills and qualifications.

Remember, in any job application, it's essential to present yourself confidently and highlight your strengths. While language skills are important, they can be improved with time and practice. Focus on showcasing your accounting abilities and continuously working on enhancing your overall professional profile.

Regards,
Abhishek Shah
Career

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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jul 04, 2023

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hi Abhishek , i am having 22+ year experience and working as a software delivery head, but salary is like nothing, so what is to do to get good salary job, even i have a good knowledge also, but not able to get the job, and due to this my marriage is also not happening, i got divorce in 2007, but since that i am not able to do the 2nd marriage, i am trying and not able to get the 2nd marriage, so can you please guide please.
Ans: Hello Sunil,

I understand that you're experiencing difficulties in finding a job with a good salary despite having over 22 years of experience as a software delivery head. I can provide you with some suggestions that may help you in your job search and personal life:

Update your resume: Make sure your resume highlights your extensive experience, achievements, and skills. Tailor it to each job application, emphasizing relevant accomplishments.

Networking: Connect with professionals in your industry through networking events, online platforms, and professional associations. Building relationships and seeking referrals can increase your chances of finding job opportunities.

Job search platforms: Utilize popular job search platforms and websites specific to your industry. Regularly check these platforms for new job openings and apply to positions that match your skills and experience.

Stay updated: Keep yourself updated with the latest industry trends, technologies, and certifications. Attend conferences, workshops, and webinars to enhance your knowledge and stay competitive in the job market.

Polish your interviewing skills: Practice common interview questions and prepare your responses. Highlight your achievements and how your skills align with the requirements of the job you're applying for.

Consider contract work or consulting: Explore opportunities for contract work or consulting gigs, as they often offer higher rates and can lead to permanent positions or other opportunities.

Professional development: Identify any gaps in your skills and consider taking courses or certifications to update your knowledge. This demonstrates your commitment to professional growth and can make you more marketable.

Regarding your personal life and desire for a second marriage, it's important to prioritize your emotional well-being and self-care. Here are a few suggestions:

Reflect and heal: Take time to reflect on your past relationship and the reasons for the divorce. Seek closure and consider therapy or counseling if needed to heal and move forward.

Focus on personal growth: Engage in activities that bring you joy, pursue hobbies, and invest in self-improvement. Cultivate your interests and passions, which can make you more confident and attractive to potential partners.

Expand your social circle: Participate in social activities, join clubs or groups related to your interests, and attend events where you can meet new people. Expanding your social circle increases the likelihood of meeting someone compatible.

Online dating: Consider using online dating platforms to connect with potential partners. Be honest about your intentions and take the time to get to know people before committing to a serious relationship.

Seek professional help if needed: If you're struggling emotionally or finding it challenging to move forward, consider seeking guidance from a therapist or relationship counselor. They can provide support and assist you in navigating your personal journey.

Remember, finding a job with a good salary and a fulfilling personal life takes time and perseverance. Stay positive, believe in your abilities, and keep working towards your goals.

Regards,
Abhishek Shah

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Sir I am 44and have got 3lakhs in hand how could I make this as 30 lakhs in 5yrs
Ans: Your goal of turning 3 lakhs into 30 lakhs in 5 years is ambitious, but with careful planning and disciplined investing, it's definitely achievable. Let's explore some strategies:

• Firstly, kudos on having a clear financial goal in mind. Setting specific targets is the first step towards success.
• Given your time horizon of 5 years, consider investment avenues that offer higher growth potential but also entail higher risk.
• Equity investments, such as mutual funds or stocks, could be a suitable option for you. These assets have the potential to generate significant returns over the long term.
• However, it's essential to approach equity investments with caution and conduct thorough research or seek professional advice to mitigate risks.
• Diversification is key. Instead of putting all your eggs in one basket, consider spreading your investment across different asset classes and sectors.
• Keep in mind that higher potential returns often come with higher volatility. Be prepared to ride out market fluctuations and stay invested for the long term.
• Regularly monitor your investments and make adjustments as needed based on changing market conditions or your financial goals.
• Remember, patience and discipline are crucial virtues in wealth creation. Stick to your investment plan and avoid making impulsive decisions based on short-term market movements.
• Lastly, consider consulting with a Certified Financial Planner to create a personalized investment strategy tailored to your specific needs and objectives.

With careful planning, disciplined investing, and a long-term perspective, you can work towards turning your 3 lakhs into 30 lakhs over the next 5 years. Stay focused on your goal, and best of luck on your financial journey!

...Read more

Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Hi Sir, I am 51 years old & start investment in sip of 30k pm since feb 2024 in mid & small cap funds.would like to create corpus of 5 cr for my retirement at the age of 60. How much should save in MF
Ans: It's wonderful to hear about your proactive approach towards securing your retirement. Let's dive into crafting a plan:

• First off, kudos on initiating your SIP journey at the age of 51. That's a commendable step towards securing your future.
• Creating a corpus of 5 crores in just 9 years may seem like a daunting task, but it's definitely achievable with strategic planning.
• To estimate the monthly SIP amount required, we'll need to consider factors like expected rate of return, inflation, and investment horizon.
• Given your relatively short investment horizon, it's essential to maintain a disciplined approach and prioritize aggressive wealth-building strategies.
• Start by determining the expected rate of return on your investments. Since you're investing in mid and small-cap funds, anticipate higher growth potential but also higher volatility.
• With an aggressive investment strategy, you may aim for an annual return of around 12-15%. This could help accelerate your wealth accumulation over the next decade.
• Considering the above factors, we can then calculate the monthly SIP amount required to reach your 5 crore target.
• Remember, consistency is key. Stay committed to your SIPs even during market fluctuations. It's the long-term perspective that pays off.
• Alongside SIPs, explore other avenues for wealth creation, such as diversifying your investment portfolio and exploring tax-saving options.
• Don't forget to periodically review your investment strategy and make adjustments as needed to stay on track towards your retirement goal.
• Lastly, keep a positive mindset and stay motivated on your financial journey. With determination and prudent planning, you're well on your way to achieving your retirement dreams!

Keep up the fantastic work, and here's to a prosperous retirement ahead!

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Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Madam I'm 35 Years Old Salaried person I'm currently Investing Rs.30,000/- in Mutual Fund from 2017 Portfolio Value Is Rs.21,00,000/- and My Investment is 12,80,000/- Want To Continue For 10 Years.. 10% step-up in every 2 Years 1.SBI SMALL CAP 2.PARAG PAREKH FLEXI CAP 3.NIPPON SMALL CAP 4. DSP MID CAP 5.SBI INTERNATIONAL FUND 6.MOTILAL OSWAL TAX SAVING 7.AXIS NEXT 50 INDEX FUND
Ans: It's fantastic to see your commitment to investing in mutual funds for the long term. Let's explore how you can continue to grow your portfolio over the next decade:

• Your portfolio's current value of Rs. 21,00,000 is impressive and reflects your disciplined approach to investing.
• With a goal to continue investing for another 10 years, you're setting yourself up for significant wealth accumulation.
• The 10% step-up in investment every 2 years is a smart strategy to increase your contributions gradually over time.
• Your selection of mutual funds covers a diverse range of asset classes and market segments, providing ample growth potential.
• It's essential to periodically review your portfolio's performance and make adjustments as needed to stay aligned with your financial goals.
• Consider consulting with a Certified Financial Planner to ensure your investment strategy remains optimal and aligned with your objectives.
• Stay focused on your long-term goals and maintain discipline in your investment approach, even during market fluctuations.
• Remember, patience and consistency are key virtues in wealth creation through mutual fund investments.
• Keep monitoring your progress regularly and celebrate milestones along the way to stay motivated on your financial journey.
• With dedication and prudent financial planning, you're well-positioned to achieve your wealth accumulation goals in the years ahead.

...Read more

Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - May 06, 2024Hindi
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Hi could you please tell me in which mutual funds should i invest in and would give me good returns
Ans: Mutual fund selection depends on various factors such as your financial goals, risk tolerance, investment horizon, and asset allocation preferences. Here are some popular mutual fund categories you may consider for potentially good returns:

Large Cap Funds:
Large-cap funds invest in well-established companies with stable earnings and strong market presence.
These funds offer relatively lower risk compared to mid and small-cap funds and are suitable for investors with a conservative risk appetite.
Mid Cap and Small Cap Funds:
Mid and small-cap funds invest in companies with high growth potential but higher volatility.
These funds can generate higher returns over the long term but come with increased risk. They are suitable for investors with a higher risk tolerance and longer investment horizon.
Multi Cap or Flexi Cap Funds:
Multi-cap or flexi cap funds have the flexibility to invest across large, mid, and small-cap stocks based on market conditions.
These funds offer diversification benefits and can adapt to changing market dynamics, making them suitable for investors seeking balanced growth opportunities.
Sector Funds:
Sector funds focus on specific sectors or industries such as technology, healthcare, or banking.
These funds can provide opportunities for higher returns if the selected sector outperforms the broader market. However, they also carry higher sector-specific risks.
Index Funds and Exchange-Traded Funds (ETFs):
Index funds and ETFs replicate the performance of a specific market index such as the Nifty or Sensex.
These funds offer low expense ratios and are ideal for investors seeking passive investment options with diversified exposure to the equity market.
Debt Funds:
Debt funds invest in fixed-income securities such as government bonds, corporate bonds, and money market instruments.
These funds provide stability and regular income, making them suitable for conservative investors or those with short-term investment goals.
Before investing, assess your financial goals, risk tolerance, and investment horizon. Consider consulting with a Certified Financial Planner or mutual fund advisor to create a personalized investment plan tailored to your needs and objectives. Regularly review your portfolio and make adjustments as needed to stay on track towards achieving your financial goals.

...Read more

Career

Career Coach  |38 Answers  |Ask -

Workplace Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Career
I am Anagha, 31, a banking professional working in a private organisation. I am frustrated with my job. My work involves a lot of travel and my manager is constantly finding ways to keep me engaged even post office hours. I have a 4 year old daughter and my husband complains that we have no work-life balance. Should I take a career break or consider moving to another organisation? Please suggest how I can have a better work-life balance.
Ans: Hey Anagha, it sounds like you're juggling quite a few balls in the air—and let's face it, even the best circus performers need a break sometimes! It's understandable to feel frustrated when your work-life balance starts resembling a Bollywood drama with too many plot twists.

Taking a career break or exploring new job opportunities are both valid options, but before you make any decisions, let's sprinkle some strategic spice into the mix:

1. **Have a Heart-to-Heart**: Start by having an honest conversation with your manager about your workload and the impact it's having on your work-life balance. Sometimes, they might not realize the toll it's taking on you, so speak up and express your concerns. After all, communication is key, just like the perfect recipe for a spicy curry!

2. **Set Boundaries**: Boundaries are your best friends when it comes to achieving work-life balance. Set clear expectations with your manager about when you're available and when you need time for your family. And remember, saying no is not a crime—it's a superpower that ensures you don't spread yourself too thin like butter on toast!

3. **Explore Flexible Options**: See if your organization offers flexible working arrangements like remote work or flexible hours. With technology on our side, you can slay dragons from the comfort of your own castle (a.k.a. your home office), giving you more time to spend with your little one without sacrificing your career ambitions.

4. **Consider Your Options**: If the situation doesn't improve despite your efforts, it might be time to explore other opportunities. Look for organizations that prioritize work-life balance and offer a culture that aligns with your values. After all, life's too short to spend it feeling like you're stuck in a traffic jam on the road to happiness!

5. **Take Care of Yourself**: Last but certainly not least, don't forget to prioritize self-care. Whether it's indulging in your favorite hobbies, spending quality time with your family, or simply taking a moment to breathe, remember that you deserve to recharge your batteries just like your smartphone needs a daily dose of juice!

Finding the right balance between work and life is like mastering the perfect dance routine—it takes practice, patience, and a few missteps along the way. But with a little determination and a sprinkle of Bollywood magic, I have no doubt you'll find your rhythm and waltz your way to a happier, more balanced life!

...Read more

Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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Sir, am 45yrs earning 61k monthly. Another 15years of service. I have a daughter 10yrs old. I want to have a corpus of 1cr at 60. Can u plz suggest how much I should start investing in SIP. My expenses include Lic 15700 for another 3yrs payment Reliance Nippon 36800 for another 4yrs payment Home loan EMI for 21667PM for another 4years Rent paying for 9500 per month Monthly expenses for 15k to 20k per month Income i get Salary 61000 permonth Rent from flat 8300 Plz suggest me to lead peacefull life. Thank u Sir Vikas
Ans: To achieve a corpus of 1 crore at the age of 60, you'll need to start investing in SIPs diligently. Here's a breakdown to help you plan:

Current Monthly Expenses:
LIC: ?15,700 (for 3 years)
Reliance Nippon: ?36,800 (for 4 years)
Home Loan EMI: ?21,667 (for 4 years)
Rent: ?9,500
Other Expenses: ?15,000 to ?20,000
Total Expenses: ?98,667 to ?103,667
Monthly Income:
Salary: ?61,000
Rent from Flat: ?8,300
Total Income: ?69,300
Monthly Surplus:
Monthly Income - Monthly Expenses = ?69,300 - ?98,667 to ?103,667
Monthly Surplus (Deficit): -?29,367 to -?34,367
Investment in SIP:
Since you have a deficit in your monthly surplus, you'll need to adjust your expenses or increase your income to accommodate SIP investments.
Aim to allocate a portion of your surplus towards SIP investments. The amount will depend on your ability to cut expenses or increase income.
To calculate the required SIP amount, you can use online SIP calculators considering factors like expected rate of return, investment horizon, and inflation rate.
Start with a manageable SIP amount and gradually increase it as your income grows or expenses reduce.
Peaceful Life:
Review your expenses regularly and prioritize savings and investments to achieve your financial goals.
Focus on creating an emergency fund to cover unforeseen expenses and protect your financial stability.
Consider consulting with a financial advisor to create a comprehensive financial plan tailored to your specific needs and goals.
Stay disciplined in your financial habits, avoid unnecessary debt, and invest in assets that align with your risk tolerance and investment horizon.

By carefully managing your expenses, increasing your income, and prioritizing savings and investments, you can work towards building a corpus of 1 crore by the age of 60 while leading a peaceful and financially secure life.

...Read more

Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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I am 39 year old married we are leaving with our 7year old daughter. I have 1Cr term insurance. I have 5L office + 5L personal health Insurance. Current Cumulative (me and wife) income 135000 per month. Liabilities Home Loan 24L remained paying 21500 per month EMI. Other Loans - 225000, 10000 per month EMI. My Current detailed investment. NPS 368000/-, 6643 per month EPF 827000/-, 16000 per month Total Mutual Funds 612000/-, 7750 per month Nippon India Small cap 112000/-, 500 per month Mirae asset Larg & Mid Cap 263000/-, 3500 per month, Kotak Flexi cap Fund 142000/- , 1000per month. Prag Parekh Flexi Cap 75450/-, 1750 per month. ICICI Corporate Bond Fund 19750/-, 1000 per month. My Wife investment. Total Mutual Funds 633000/- 13500 per month. Axis Small Cap 94580/-, 1300 per month. Mirae asset Larg & Mid Cap 127000/-, 2500 per month. Motilal Oswal Nasdaq 100 FOF 58390/-, 1600 per month. Axis Blue Chip 184000/-, 4500 per month. Parag Parekh Flexi cap 169000/-, 3600 per month. Sukanya Samrudhi Yojna 75000/-, 1000 per month Cumulatively we have overall Saving till now is 247500/- aprox, and current monthly investment is 44893/- Our currently Monthly expenses are around 50000/- Goals Car of 1500000/- in next 3 to 4 years. Daughters Education 1Cr after 11 years. Daughters Marriage 5000000/- After 17 years. Retirement at 58 years 2Cr life expectancy 75Years (me and wife) Please suggest if goals are reachable with current investment? Please suggest estimated goal amount will be sufficient that time? Please suggest if changes required in goal or monthly or mutual funds investment? Highly appreciated if other suggestions
Ans: You've laid out a comprehensive financial picture with clear goals and detailed investments. Let's analyze and provide insights to help you reach your objectives:

Goals Assessment:
Car Purchase: With your current monthly savings and investment capacity, you're on track to achieve this goal within the specified timeframe.
Daughter's Education: To accumulate 1 crore in 11 years, consider increasing your monthly investment in mutual funds and exploring additional avenues like education-specific investment products or child education plans.
Daughter's Marriage: To accumulate 50 lakhs in 17 years, you may need to enhance your investment contributions further. Review your asset allocation and consider higher-risk, potentially higher-return investments to accelerate growth.
Retirement: Accumulating 2 crores by age 58 seems achievable with your current investments, but it's essential to regularly review and adjust your portfolio to account for changing market conditions and evolving financial needs.
Monthly Investments and Mutual Funds:
Evaluate your current mutual fund portfolio's performance and alignment with your goals. Consider diversifying across different asset classes and fund categories to manage risk and optimize returns.
Increase your SIP amounts gradually, aiming to maximize contributions within your budget constraints. Rebalance your portfolio periodically to maintain an optimal asset allocation.
Consider consulting with a financial advisor to ensure your investment strategy aligns with your risk tolerance, time horizon, and financial goals.
Emergency Fund and Insurance:
Ensure your emergency fund is sufficient to cover at least six months' worth of living expenses. Consider enhancing it further to mitigate unforeseen financial risks effectively.
Review your insurance coverage periodically to ensure it adequately protects your family's financial well-being. Consider supplementing your term insurance coverage if necessary.
Additional Suggestions:
Explore tax-efficient investment options such as Equity Linked Savings Schemes (ELSS) to optimize tax benefits while investing for your long-term goals.
Continuously educate yourself on personal finance and investment principles to make informed decisions and adapt to changing market dynamics effectively.
Regularly reassess your financial plan and goals, making adjustments as needed to stay on track towards achieving financial independence and security.
Overall, with disciplined saving, prudent investing, and periodic review and adjustments, you're well-positioned to achieve your financial goals. Stay focused on your objectives, remain disciplined in your financial habits, and seek professional guidance when needed to navigate your financial journey successfully.

...Read more

Ramalingam

Ramalingam Kalirajan  |1394 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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I'm 33yrs old, My corpus is currently 52Lacs in mutual funds with monthly Sip of 1.1lac since two years, topped up whenever I get bonus or amount from different sources. Apart from this I have 50lacs worth in real estate. I want to generate corpus worth 20cr for my kids education(Next 14 and 18yrs for two kids) and retirement by 50. Is there a way to reach my goal. However, I can increase my sip by 8-10% on average every year with top up from bonus I receive quarterly.
Ans: It's commendable that you're planning ahead for your children's education and your retirement. With disciplined saving and investing, you can work towards achieving your financial goals. Here's a tailored plan to help you reach your targets:

Education Corpus for Kids:
Given your investment horizon of 14 and 18 years for your children's education, you have a significant time frame to accumulate the desired corpus.
Continue your SIPs in mutual funds, increasing them by 8-10% annually, as you mentioned. Regular and disciplined investing can help you benefit from rupee-cost averaging and the power of compounding over time.
Consider investing in a mix of equity mutual funds and diversified across different market segments to balance risk and return potential. You can adjust the asset allocation as your children approach college age to reduce risk.
Retirement Corpus:
With a retirement goal set at 50, you have approximately 17 years to build your retirement corpus.
Continue maximizing your SIP contributions and leverage top-ups from quarterly bonuses to boost your savings.
As retirement approaches, consider gradually shifting your asset allocation towards more conservative investments to preserve capital and generate stable income streams.
Explore retirement-focused investment options such as Employee Provident Fund (EPF), Voluntary Provident Fund (VPF), Public Provident Fund (PPF), and National Pension System (NPS) to supplement your mutual fund investments.
Regular Portfolio Review:
Periodically review your investment portfolio to ensure it remains aligned with your financial goals, risk tolerance, and time horizon.
Monitor the performance of your mutual funds and real estate investments, and make adjustments as needed to optimize returns and manage risk effectively.
Emergency Fund and Insurance:
Maintain an adequate emergency fund equivalent to at least six months' worth of living expenses to cover unforeseen financial emergencies.
Consider purchasing adequate life and health insurance coverage to protect your family and investments against unexpected events.
Seek Professional Advice:
Consider consulting with a Certified Financial Planner or investment advisor to develop a comprehensive financial plan tailored to your goals and financial situation.
A professional advisor can provide personalized guidance, help you navigate investment options, and optimize your investment strategy to maximize returns and achieve your long-term objectives.
With diligent saving, disciplined investing, and prudent financial planning, you can work towards building a substantial corpus for your children's education and your retirement. Stay focused on your goals, remain disciplined in your savings and investment approach, and regularly monitor your progress towards achieving financial independence and security.

...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.

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