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Can't decide between government exam prep, software course, study for interior design or job search after BE Civil Engineering?

Dr Dipankar

Dr Dipankar Dutta  |746 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Jan 24, 2025

Dr Dipankar Dutta is an associate professor in the computer science and engineering department at the University Institute of Technology, the University of Burdwan, West Bengal.
He has 27 years of experience and his interests include AI, data science, machine learning, pattern recognition, deep learning and evolutionary computation.
Aside from his responsibilities at the college, he also delivers lectures and conducts webinars.
Dr Dipankar has published 25 papers in international journals, written book chapters, attended conferences, served as a board observer for WBJEE (West Bengal Joint Entrance Examination) exams and as a counsellor for engineering college admissions in West Bengal. He helps students choose the right college and stream for undergraduate, masters and PhD programmes.
A senior member of the Institute of Electrical and Electronics Engineers (SMIEEE), he holds a bachelor's degree in engineering from the Jalpaiguri Government Engineering College and a an MTech degree in computer technology from Jadavpur University.
He completed his PhD in engineering from IIEST, Shibpur (formerly BE College).... more
Asked by Anonymous - Jan 24, 2025Hindi
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I am in last semester of BE civil engineering. And I don't know what to do next. My family is suggesting me to prepare for government exam and I am little convinced by it. But I want to do job as I want to be financially independent as soon as possible and support my family. I don't want to be feel like burden. What should I do Go for government exam preparation Or should I pursue some software courses Or should I study further as I have interest in interior design Or should I look for job

Ans: You should not go for software course. If you are looking for job in IT sector, then why are you studying civil engineering? So, two options are these. Prepare for govt. job. If you get that then rest of your will become more peaceful and secure. If you choose to do higher study then you should give GATE and do M.Tech in good institutions with scholarship. In that case you will be financially independent.
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Sir i am a civil engineer graduate 2023 i did my graduation in civil engineering from a tire 2 -3 college from mumbai university . I didn’t get any job its not like that i am dum student or else i was not good at studies u definitely found partility that in civil they took all diploma + degree holders with less knowledge also in companies such a worley , godrej , technimont etc mnc companies with salary of 6-7 lpa but sir i was scattered because i lost my dad in covid my mom is working but her salary is just 50k and now after trying out for jobs as fresher i found a job in IIT bombay as project technical assistant which gives me 30k but its in ocean department. Now i want to learn further i am seeing people doing masters from priavte university like nicmar adani symbiosis etc in construction or infrastructure management. I am stuck jn life what to do im trying for government but i know government junior engineers job wont pay me much to buy home for my mom . In such case what will be best please help
Ans: I fully empathize with your situation. Do focus on the positive of having completed BTech in Civil Engineering. Civil Engineering is the foundational engineering discipline and lends itself to use of new tools and technologies through use of of software to build structures using design elements that use newer materials to build infrastructure, homes, industrial townships that further sustainability. Use your current Tech Asstt job to learn about Oceanography as an added skills. Look at acquiring project management skills and explore opportunities with optimism and passion.

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Mutual Funds, Financial Planning Expert - Answered on Jan 24, 2025

Asked by Anonymous - Jan 24, 2025Hindi
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24.01.2025 Respected Sir, I have a land property valued 3cr. Now on this plot I am planning to build P+5 floor residential apartments For this I need a fund around 2.5cr for construction. Now I am 68 yrs old. I have invested 40L in various equities since last 44 years & 45L in Equity based M/F’s since last 14 years. Current market value is around 1.5cr & 1.60cr respectively. I am planning to raise funds from overdraft loans against my Equity shares & M/F at the current interest rate 10.35%.approx. I do not have any other source to raise the reqd. fund and I do not have any other liabilities. As per my assumptions in the next 7 to 8 years of period total market value of above investments will be around 10cr approx. I am planning SWP of Rs. 10 lacs every year to repay interest on OD. In what other ways is this possible to repay the dues? With out selling any unit of my property. Or In critical situation if arise I may sell out one unit to clear my OD loan debt. As a financial planning expert are my thoughts are correct in your opinion? I need your professional /practical advice & valuable guidance in this regard please. Please reply to my above query as early as possible. Thanks & Regards
Ans: Your plan demonstrates a well-thought-out approach to leveraging your investments while keeping liabilities manageable. Your decision to raise funds through an overdraft loan against shares and mutual funds is practical given the significant market value of your investments. However, there are a few aspects to evaluate for better clarity and financial stability.

Advantages of Your Strategy
Liquidity Without Selling Investments: Using an overdraft loan against your equity and mutual fund investments helps retain the assets.

SWP to Cover Interest Payments: A systematic withdrawal plan (SWP) ensures regular cash flow to meet interest expenses.

Property Value as Collateral: Your land property provides additional financial security.

Future Potential of Investments: Your expectation of Rs. 10 crore over 7-8 years appears reasonable given historical growth trends.

Concerns and Potential Risks
Market Volatility: Both equities and mutual funds are subject to market fluctuations.

Interest Burden: Over time, the compounding of the interest at 10.35% could strain liquidity.

Delays in Property Completion: Construction delays could impact cash flow plans.

Over-dependence on SWP: Over-reliance on SWP can erode long-term wealth if markets underperform.

Alternative Ways to Manage Overdraft Loan
Diversify Funding Sources
Split the Loan Amount: Explore partial loans from banks or NBFCs secured by the property itself.

Loan Against Fixed Deposits: Use your FD as collateral for a part of the loan.

Consider a Lower-Interest Loan: Negotiate with lenders for a lower interest rate.

Optimise SWP Strategy
Adjust Withdrawal Amount: Reduce SWP if the market experiences a downturn.

Partial Sale of Underperforming Units: Sell a small portion of underperforming investments to reduce the loan burden.

Construction Phasing
Build in Phases: Start with 2-3 floors initially to reduce the upfront loan requirement.

Rental Income from Early Units: Generate income from completed units to support loan repayment.

Emergency Backup Plan
Sell a Unit if Needed: Keep the option of selling one residential unit open to clear the loan.

Gold as Last Resort: Liquidate a small portion of gold only in extreme situations.

Tax Implications
Interest Deduction: Interest paid on loans for property construction could have tax benefits. Consult a tax expert for clarity.

Capital Gains on SWP Withdrawals: Gains from equity mutual fund SWP above Rs. 1.25 lakh per year will be taxed at 12.5%. Ensure tax liabilities are factored in.

Sale of Units: If you sell a unit to repay the loan, calculate the long-term capital gains taxes.

Key Points for Wealth Growth
Reinvest Profits Post Loan Repayment: Post-repayment, redirect surplus to equity or mutual funds for wealth growth.

Monitor Investments Regularly: Periodically review the performance of equity shares and mutual funds.

Diversify Investments: Post-retirement, ensure a diversified portfolio for steady income and wealth preservation.

Finally
Your plan is practical and aligns with your financial goals. However, diversification of funding sources, optimising SWP, and monitoring loan repayment are crucial. Prepare for market volatility and create an emergency backup plan. This approach ensures stability while maximising wealth creation.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Milind

Milind Vadjikar  |901 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Jan 24, 2025

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49 years old female school teacher. I want to invest ?5 lakh lumpsum that would fetch me good returns in 2 or 3 years. Please suggest a good investment avenue. I need this amount to fund my son's education who is in grade 9 right now. Apart from this, I also tried my hand in MF- I invest ?15k every month in SBI Bluechip fund direct, 10k in Canara Rebeco Bluechip fund direct, 5k in UTI NIFTY Index Fund direct, 5k in Axis midcap growth direct plan, 5k in Mirae asset largecap fund direct, 20k in NPS monthly. Apart from this, i had also invested ?1 lakh lump sum in SBI equity hybrid fund ?1 lakh, axis multicap direct fund ? 1 lakh, and quant small cap direct plan ?50,000. None of the last three lumpsum investments are doing well. They are showing negative returns. I have three questions for which i am looking answers for: 1) where should i invest lumpsum of ? 5 lakh now 2) the three lumpsum investments in quant smallcap, axis multicap and sbi equity hybrid - should i continue remaining invested 3) are the monthly sips and nps investments amounting to ?55 fine. I intend to work for another 5-6 years.
Ans: Hello;

1. It is advisable to invest lumpsum of 5 L in a nationalised bank FD. Considering the fact that your kid may enter higher education in 3 years it is not apt to subject it to market vagaries.

2. If you are prepared to hold your lumpsum investments for 5 year+ horizon then no need to worry about short term negative return.

3. Monthly sip's and NPS investments look good.

Happy Investing;
X: @mars_invest

...Read more

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