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Krishna

Krishna Kumar  |256 Answers  |Ask -

Workplace Expert - Answered on Mar 22, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Asked by Anonymous - Mar 21, 2024Hindi
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Career

Thanks Krishna, last time I had asked a question related to work and your answer helped me. However, I would like to get one more suggestion about my career. I am in a high paying job close to 50lac+ per annum and I am very unhappy, it requires excess learning, pressure, politics to be dealt with & many other challenges. I have 20+ yrs of experience. I would like to pursue remote jobs and probably settle for 50% less or even more lesser salary and pursue mid-career jobs that is not so stressful and allows me to live peacefully to an extent. I am tired of keeping up these high profile jobs due to personal reasons such as health, family and many such issues. What would you suggest ?

Ans: Dear

Thanks for your words of encouragement on my reply, appreciated.

You have given answer to your question, approach companies and tell them you are willing to settle for lesser role with lesser pay, there are enough and more companies that would appreciate your situation and offer you freelance opportunities.

All the best.
Career

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Mayank

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I am currently working fora leading FMCG company. I have a total experiemce of 20 years + in sales & marketing, Operations . I have been a multitasking individual. My salary is a 1.13 lac per month which is very hard to continue. I was in the insurance , banking but now have been in the FMCG industry for the past 12 years now. I am in a senior level as well. Kindly suggest me what next to do..I want a change and also need a 2nd income to sustain as well.
Ans: Hi Trilok! Your current CTC per month is not matching your work experience. To evaluate whether you are being paid fairly, I use a formula of the years of work experience with a 1.5-2x multiplier - so you should be at 30-40L. The sector that you are working in is experiencing ups and downs thus you should focus on how you can contribute by looking at up-skilling yourself. Sales, Marketing & Operations are integral functions for each and every sector & there is scope for a lot. These are a few steps I will recommend:

- Work on specific projects within your organisation in the domain where you want to build expertise in
- Utilise your time to pursue an online executive/ general management program (more focused on training than theories) to acquire leadership and managerial skills. It will strengthen your business acumen and shall boost your skill proficiencies for taking up added responsibilities within your organisation
- Use metrics to define your efforts within your org so that also allow them to compensate you fairly. Also with the right upskilling you should aim to get the right increment for yourself.
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Krishna

Krishna Kumar  |256 Answers  |Ask -

Workplace Expert - Answered on Mar 04, 2024

Asked by Anonymous - Mar 04, 2024Hindi
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Career
Hi Krishna I have worked as a software engineer for last 20 years and I am exhausted and feel like quitting the software industry. Even though work is manageable, due to my experience the expectation from Leadership is high, and delivery expectations also is too much. Workplace is toxic, and too much of politics. I am an introvert and feel like doing remote jobs for lesser pay or rather quit completely and continue with my spiritual journey since I have seen lot of pain and suffering with respect to my health, marriage etc etc. I am also drawn towards spiritual life because leading a materialistic life seems meaningless. I am 45 today, I have no more interest in material life but due to obligations towards family and 1 child, I am working for money and I also need money for medical expenses because I underwent through a major health crisis 10 years back where I lost organ for surgery, this has created major imbalance in hormones leading to depression, anxiety and unable to face everyday challenges. This is also the reason due to which I cannot continue working. I have some 50k monthly as passive income and only 1 child. With some ppf, pf amount. Would this be enough for me to continue on spiritual journey and exit material and hectic IT life due to health issues and no peace in what I am doing ? Can you suggest how I can get some remote jobs that I can do if in case I need money. I am a BTech MBA graduate and managed to survive in this pressure hectic IT life for 20 years and feel like giving up everyday. I sometimes feel it was better off to lead a life without this education, engineering because all we need is 2 pair of clothes, shelter and 2 times food and for that we need to struggle so much in a city when compared to a village life. Please guide me not just from your perspective but step into my situation and understand and share your thoughts, or have you seen anyone like me and how have they managed to lead life after quitting and leading a monastic life
Ans: Dear

At the outset let me express my gratitude to you for putting up your question. It's indeed very profound.

First and foremost, your personal health is of foremost importance. Nothing should come in between that.

Secondly, money is essential but it's like the fuel not the engine.

Thirdly, work we must because it makes us fulfilled but we should not let work define our identity.

Fourthly, family commitment is our responsibility never run away from that.

Finally, spiritual journey or pursuing hobbies should not be taken up because we feel frustrated with some other things in life. They should be an end in itself.

I can feel what you are going through because many are in a similar situation like you but they don't have clarity or courage to accept that. So cheers to you for being aware of your situation and accepting it.

Here are few thoughts that I would share, however please take them as pointers and not as an advise, because we all have our own emotional disposition. That's why I believe an advise that may work for one person will not work for another because we all have our own emotional state and that defines the way we feel after taking certain decisions.

1. Slow down...you may want to ask your company to make you contractual with reduced responsibility and pay or you can take up contractual assignment with some other companies. In today's cost cutting environment companies would prefer that.

2. Talk to your spouse about your current state, let me tell you our spouse has a better feel of what we should and should not do. Moment you talk to your better half world of options will open. But more than that you will realise that you have someone in life who cares for your well being...that feeling is what we all need...someone caring for us.

3. Give up the notion of self identification through work. After salary that's the biggest drug that keeps us going in a job. We can't see ourselves outside of work as if we are born to work.

Lastly pray to God seeking guidance and clarity, trust me prayer is very powerful because it makes us calm and it's the calm mind that gives clarity.

Wishing you the very best. Trust me you will be alright soon.

With Love
Krishna
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Ramalingam

Ramalingam Kalirajan  |1238 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 11, 2024Hindi
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Why don't you take into reckoning schemes of Quant Mutual Fund while suggesting funds to investors, despite their outperformance? Secondly, what do you think about lump sum investment vis a vis SIP ?
Ans: When suggesting mutual funds to investors, I aim to provide a broad range of options that align with their financial goals, risk tolerance, and investment horizon. While Quant Mutual Fund schemes may have delivered outperformance in certain periods, my goal is to offer a balanced perspective by considering various fund houses and investment styles.

Regarding lump sum investment versus SIP (Systematic Investment Plan), both approaches have their pros and cons. Lump sum investment involves investing a large amount of money upfront, which can potentially lead to higher returns if the market performs well. However, it also exposes investors to the risk of market timing and volatility.

On the other hand, SIPs involve investing a fixed amount regularly over time, which helps average out market fluctuations through rupee cost averaging. SIPs are suitable for investors who prefer a disciplined and systematic approach to investing and want to mitigate the risk of timing the market.

Ultimately, the choice between lump sum investment and SIP depends on factors such as the investor's risk tolerance, investment horizon, and market outlook. It's essential to consider individual circumstances and consult with a Certified Financial Planner to determine the most suitable approach for achieving financial goals.
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Ramalingam

Ramalingam Kalirajan  |1238 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Suggest me sip for 10 yrs wth gud profit mam I m bala
Ans: Bala! Investing in SIPs (Systematic Investment Plans) for a period of 10 years can be a prudent way to build wealth over the long term. Here are some suggestions for SIPs that have the potential for good returns:

Large-cap Equity Funds: These funds invest in well-established companies with a track record of stable earnings and are relatively less volatile compared to mid-cap and small-cap funds. Examples include funds that track the Nifty 50 or Sensex indices.
Multi-cap Equity Funds: These funds have the flexibility to invest across companies of various market capitalizations, offering a diversified portfolio. Look for funds with a proven track record of delivering consistent returns over the long term.
Mid-cap and Small-cap Equity Funds: These funds invest in companies with smaller market capitalizations, which have the potential for higher growth but come with higher volatility. If you have a higher risk appetite and a longer investment horizon, consider allocating a portion of your SIP towards these funds.
Sectoral Funds: Investing in SIPs focused on specific sectors like technology, healthcare, or banking can be profitable if you have a strong conviction about the growth prospects of these sectors. However, sectoral funds come with higher risk and volatility, so it's essential to diversify your portfolio accordingly.
Remember to choose SIPs that align with your risk tolerance, investment goals, and time horizon. It's also crucial to review your portfolio periodically and make adjustments as needed. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your financial situation and objectives. Happy investing!
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Ramalingam

Ramalingam Kalirajan  |1238 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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My monthly salary income is Rs.85,000/-. I have a housing loan of Rs 37.5 lakhs in SBI and am paying Rs 30,000 as EMI. This is the sixth year I am paying the loan. So far, I have paid Rs 8.5 lakhs towards the loan amount. Recently i have received an arrears of Rs.10 Lakhs. I am looking for a regular monthly income by investing Rs. 10 Lakhs. Should invest Rs. 10 Lakhs or make payment towards home loan. Please suggest.
Ans: Given your financial situation, it's important to consider various factors before making a decision.

Home Loan: Making a lump sum payment of Rs. 10 lakhs towards your home loan can significantly reduce the outstanding principal amount. This can lead to a reduction in the total interest paid over the remaining tenure of the loan and potentially shorten the loan duration. However, consider whether the interest rate on your home loan is higher than the potential returns from alternative investments.
Investment: Investing Rs. 10 lakhs to generate a regular monthly income is another option. You can explore investment avenues such as Fixed Deposits, Mutual Funds, or Bonds that offer regular interest or dividend payments. However, consider the risk-return profile of these investments and whether they align with your financial goals and risk tolerance.
Financial Goals: Evaluate your financial goals and priorities. If you prioritize reducing debt and becoming debt-free sooner, making a lump sum payment towards your home loan might be the right choice. On the other hand, if generating a regular monthly income is your primary goal, investing the Rs. 10 lakhs might be more suitable.
Consultation: Consider consulting with a Certified Financial Planner who can assess your overall financial situation, goals, and risk tolerance. They can provide personalized advice and help you make an informed decision based on your specific circumstances.
Ultimately, the decision depends on your individual financial objectives, risk tolerance, and overall financial health. Ensure you weigh the pros and cons of each option carefully before making a decision.
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Ramalingam Kalirajan  |1238 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Hello Ma'am , I am investing in below mutual funds through SIP. ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K Is it good funds for long terms ( Horizon of 8/10 years) ? I want to invest more 10K in SIP then which fund should I chose ? Thanks
Ans: Your choice of mutual funds for SIP investments reflects a diversified portfolio covering various market segments. Considering your long-term horizon of 8-10 years, these funds have the potential to deliver favorable returns.

However, it's essential to periodically review your portfolio's performance and ensure it aligns with your investment goals and risk tolerance. Additionally, consider factors like fund performance, fund manager track record, expense ratios, and market conditions when evaluating your investments.

For the additional 10K SIP investment, you may consider adding to existing funds or diversifying further based on your risk appetite and investment objectives. You might explore large-cap equity funds for stability and growth potential or thematic funds aligned with emerging trends if you're comfortable with higher risk.

Consulting a Certified Financial Planner can provide personalized recommendations tailored to your financial goals and help optimize your investment strategy for long-term wealth accumulation. They can also assist in monitoring your portfolio and making adjustments as needed to stay on track towards your objectives.
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Ramalingam

Ramalingam Kalirajan  |1238 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Ramalingam

Ramalingam Kalirajan  |1238 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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I am 30 years old. I want to invest 1.5 lakh monthly into mutual funds through sip. Objective is to aim 1cr in next 4.5 years. Would continue the investment going forward. Currently invested in PPF(1.5L), VPF(5k), PPFAS (3000/mo), UTI Nifty 50 Index fund(3000/mo). I have moderate risk appetite. Please suggest me funds to invest in. Also would like to explore faang. Should i broaden my debt part as i already have ppf and vpf?
Ans: Given your investment horizon and goal of reaching 1 crore in 4.5 years with a monthly SIP of 1.5 lakhs, it's important to adopt a balanced approach considering your moderate risk appetite.

For equity mutual funds, you can consider a mix of large-cap, multi-cap, and sectoral funds to diversify your portfolio. Funds with a consistent track record of performance and a strong portfolio management team may be suitable. Additionally, considering your interest in FAANG stocks (Facebook, Apple, Amazon, Netflix, Google), you may explore global equity funds or technology sector funds that invest in these companies or similar tech giants.

For the debt portion, since you already have substantial investments in PPF and VPF, you may explore other debt options such as short-duration debt funds or corporate bond funds to enhance diversification and potentially optimize returns.

It's crucial to conduct thorough research and consult with a Certified Financial Planner to select suitable mutual funds aligned with your financial goals, risk tolerance, and investment horizon. They can provide personalized recommendations and help you build a well-rounded investment portfolio. Additionally, periodically review your portfolio to ensure it remains aligned with your objectives and make adjustments as needed.
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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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