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Shekhar

Shekhar Kumar  |157 Answers  |Ask -

Leadership, HR Expert - Answered on May 13, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Asked by Anonymous - May 12, 2024Hindi
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Career

Hi, I worked in IT industry for 12+ years. Then I had to quit my job because of family commitments. Its been 10+ years now. In those years, though I haven't been in a regular job, I have done a few freelancing jobs now and then. Also, run a couple of niche but non technical websites. I have also stayed in touch with latest technologies through certfications and self learning. Now, since my kids are grown up, I am thinking of resuming my career. But the huge career gap seems to hinder opportunities. Though I try to motivate myself to persevere, it is a bit frustrating as some of the jobs that suit my tech skills go past me because of the gap. What is the best strategy to restart my career? Kindly please advice. Thanks in advance.

Ans: It's understandable that the gap in your formal employment might be frustrating, but it doesn't diminish your 12+ years of experience and your ongoing efforts to stay updated. Here's a strategic approach to relaunching your IT career: Revamp your resume to showcase your core IT skills and accomplishments, not focusing heavily on the exact dates of your employment. Quantify your achievements with metrics whenever possible (e.g., increased website traffic by X% through SEO improvements). Frame your freelance projects as valuable consulting experiences where you independently tackled real-world problems. Your websites demonstrate your initiative and technical abilities in managing projects. Don't aim for the exact same senior-level positions you held before the break. Consider mid-level roles that allow you to re-enter the workforce and demonstrate your updated skills. You can gradually progress within a company. Reconnect with former colleagues or classmates on LinkedIn. Inform them you're re-entering the workforce and seek informational interviews to learn about current industry trends and potential opportunities. Update your LinkedIn profile and consider creating a professional website or portfolio showcasing your IT skills and freelance projects. Volunteer for a non-profit organization or take on short-term contract work to gain recent technical experience and build your resume. Remember, re-entering the workforce after a break takes time and perseverance. Focus on your strengths, strategically tailor your job search, and don't be discouraged by initial setbacks. By effectively showcasing your skills and experiences, you'll land the right IT opportunity to relaunch your successful career.
Career

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Ashwini

Ashwini Dasgupta  |104 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Mar 07, 2024

Asked by Anonymous - Mar 07, 2024Hindi
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Career
I quit my job after marriage to take care of my children. I am 38, BCom graduate, mother of two kids. I used to work in the admin department and was at the peak of my career when I got pregnant. Now that my kids are 9 and 7, I feel they are independent enough for me to look for a job. But I have a career gap of 10 years. How can I restart my career? Most interviewers are rejecting my CV because of the gap. But I am willing to learn and I really enjoy working
Ans: Dear Mam,

This is commendable to know you are planning to restart your career. This calls for the celebration :)

Few things you can consider-

Update your skills as per the industry you are looking at so that you are better prepared for the interviews.
Networking is very helpful. Start connecting with the individuals in the industry through professional platforms like linkedin or any other.
Address the career gap in your resume with a brief and positive explanation. Highlight any/all the skills you have developed during your time away, for example multitasking, time management, or organizational skills gained through managing a household or any other appropriate.
While you are looking for a permanent job also try other options like consulting or freelancing kind of work. This will help you gain practical experience to showcase.
Build your online presence by updating your linkedin profile and join relevant online groups per your industry.
While you are hunting for a job invest your time in learning new skills or completing the certifications which will also build your profile stronger.
Look for organizations who are hiring women specifically after a long bag. There are multiple organizations who run such programmes.
Importantly have patience and keep working towards meetings your dreams.

Hope this helps

To Your Success
Thanks and Regards
Ashwini Dasgupta
Author of Confidence Decoded. Is it a Skill or Attitude?

..Read more

Patrick

Patrick Dsouza  |1035 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Apr 09, 2025

Asked by Anonymous - Jan 31, 2025Hindi
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Career
Hi Career Experts , I am into my 45th year & am a qualified Mechanical Engineer + Full-time MBA in Marketing . Am based-out in a Tier-3 City & am supposed to stay back in my base location only due to family obligations . Worked for 16 Years but had to quit my job in 2021 due to incompatibility issues & not able to absorb / cope-up with the surmounting pressures that are rampant in the corporate world . Since then , have not been able to settle down with a Job although reaching-out & following openings on platforms like LinkedIn actively but all in vain . Had even tried exploring starting-out on my own but risks and insecurity have held me back . Have been somehow managing with my savings & investments done , but that may not go a long way . Success it seems is elusive on all fronts probably due to my age , work-gap , location constraint , maybe some other follies as well etc ? Looking forward to some specific advises pls. (do's & dont's) which may restart and reignite my career , which is in a complete state of mess . Thanks & Regards !
Ans: When you are looking for a job, check multiple sources. Linkedin is one of them. Check placement agencies, connect with your former colleagues, your friends, your batchmates from MBA college who themselves could be in decision making position. You may have to reskill yourself with some short courses. Simultaneously you could look at starting something on your own based on your interest. Could be investment advisory or some small business.

..Read more

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Ramalingam

Ramalingam Kalirajan  |8332 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2025

Asked by Anonymous - May 11, 2025
Money
Sir, i have an outstanding home loan of 4.27 lakhs. But, my job prospects are unsure. I have a job offer of prob 25000/- month and another which pays 20000/-. I lost my job this month. I had it for the past two years. I have a short fall of 10000/- this month to pay this month's EMI. Pls advise what i can do for this month and close my home loan, as soon as possible.
Ans: I understand how stressful this can feel. You're being responsible by asking for advice early. That’s very good.

Let me help you with a clear, step-by-step action plan — both for this month’s EMI issue and to close your home loan early, without burden.

Immediate Steps for This Month's EMI Shortfall
You have a Rs.10,000 shortfall for this month's EMI.

 

First, don’t ignore the EMI due date.

 

Late EMI can impact your credit score.

 

It may lead to penalty or default mark.

 

Call or visit your bank and explain the situation openly.

 

Request a 1-month moratorium or rescheduling of EMI.

 

Some banks allow EMI holiday for 1–2 months.

 

You need to request it before missing payment.

 

If you have any fixed deposits, RD, or gold, you can use or pledge them.

 

Gold loan is fast, safe, and cheaper than personal loan.

 

Avoid credit card debt or personal loan at high interest.

 

Borrow from close family if possible, with clear repayment promise.

 

Keep receipts of any delayed EMI or late charge.

 

Job Offers: Pick with Long-Term Lens
You have two offers: Rs.25,000 and Rs.20,000.

 

Choose the one with more job security and stability.

 

If Rs.25,000 job is risky, then Rs.20,000 with more stability is better.

 

You can’t afford another break in income.

 

Ask the employer clearly about probation, confirmation, etc.

 

Monthly Budget Rework: Cut and Save
For now, cut all non-essential expenses.

 

Rent, groceries, loan EMI, and utility bills are priority.

 

Pause shopping, travel, and eating out.

 

This will help you save Rs.3000–Rs.5000 per month.

 

That money can go towards EMI or home loan closure.

 

Closing the Home Loan Early: Action Plan
Your loan balance: Rs.4.27 lakhs
You want to close it fast. That is a wise goal.

 

Let’s build a loan closure plan in 4 simple steps.

 

1. Emergency Buffer First
Keep at least Rs.20,000–Rs.30,000 cash or liquid fund as emergency.

 

This is for any gap in salary, medical need, or job delay.

 

Don’t use this money for loan closure now.

 

2. Choose EMI + Extra Payment Strategy
Continue regular EMI without delay.

 

On top of EMI, start small part-payments monthly or quarterly.

 

Even Rs.3,000 extra per month brings down interest fast.

 

No need for full pre-closure immediately.

 

Small consistent part-payments give same benefit over 1–2 years.

 

3. Any Bonuses or One-Time Inflows
If you get bonus, gift, or freelancing income, direct it fully to loan.

 

Don’t spend on purchases till loan is cleared.

 

Each Rs.10,000 prepayment will reduce interest and shorten loan term.

 

4. Track Loan Balance Every 3 Months
Visit bank or use online account.

 

Get latest principal balance.

 

After every extra payment, ensure it reflects as principal reduction.

 

Ask for revised amortisation schedule if needed.

 

Should You Use Investment or Insurance Money?
Let me clarify with care.

 

If you have any LIC endowment or ULIP policy, check surrender value.

 

These give very low return and poor insurance.

 

If they are investment-linked, not pure protection, consider surrendering.

 

Reinvest that amount wisely to grow or reduce home loan.

 

But don’t touch term insurance or health insurance.

 

They are protection tools, not savings.

 

Building Your Income Stability
You just lost your job, but you are actively taking offers. Well done.

 

Also explore freelancing, tuition, weekend work.

 

This can help close your Rs.10,000 monthly gap faster.

 

Talk to old colleagues or clients for referral work.

 

Mental Peace and Confidence
Financial stress can feel heavy. But your approach is strong.

 

You’re solving things early, without panic. That’s admirable.

 

Once you stabilise income for 3–4 months, increase loan prepayment.

 

Closing home loan early gives mental peace and better credit score.

 

That opens better financial doors in future.

 

Final Insights
Inform bank early about this month’s EMI issue.

 

Don’t delay communication or EMI. That’s very important.

 

Use gold loan or family support for this month, if needed.

 

Select stable job over higher salary.

 

Keep Rs.20,000–Rs.30,000 for emergency fund.

 

Start part-prepayments monthly or quarterly.

 

Track loan balance and shorten term over next 12–18 months.

 

Surrender poor-performing ULIP or LIC plans and redirect to loan.

 

Avoid high-cost personal loans or credit card EMI.

 

Stay emotionally strong and focused.

 

This difficult time will pass. Your discipline will help you come out stronger.

 

Best Regards,
 
K. Ramalingam, MBA, CFP,
 
Chief Financial Planner,
 
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8332 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2025

Asked by Anonymous - May 12, 2025
Money
I want to invest 15 lakhs for a period of approx ten years
Ans: Investing Rs.15 lakhs for 10 years is a wise move. You’re planning for long-term growth, and that shows financial maturity.

Understanding Your Investment Objective
You are investing for a 10-year time horizon.

 

Your goal could be wealth creation, retirement, child’s education or any long-term need.

 

This long-term window gives you good room for growth-based investing.

 

You are not chasing short-term profits. That is very good.

 

It shows patience and clarity. Both are key for long-term success.

 

Deciding Your Investment Style
Rs.15 lakhs is a significant amount.

 

Let’s divide it smartly into different categories.

 

We won’t go with one single product.

 

Instead, we will diversify for safety and growth.

 

We will use mutual funds, small savings schemes, and emergency allocation.

 

This approach reduces risk and balances return.

 

Why Mutual Funds Are a Core Part
Mutual funds offer professional management.

 

They spread your money across many companies.

 

That helps reduce single-company risk.

 

With mutual funds, your money gets expert handling.

 

Over ten years, this becomes very valuable.

 

You get compounding growth and liquidity also.

 

Active Funds vs Index Funds: Which is Better?
Index funds copy market indices.

 

They don’t try to beat the market.

 

That means average returns only.

 

In volatile markets, index funds give no protection.

 

They blindly follow market up and down.

 

Actively managed funds adjust the portfolio wisely.

 

The fund manager can reduce risk in falling markets.

 

They also select stronger companies for better results.

 

So, active funds offer better decision-making.

 

For long-term wealth, they are more dependable.

 

Why Regular Funds Are Better Than Direct Funds
Direct funds may look cheaper, but come with hidden risks.

 

No advisor is available for support in direct funds.

 

You will manage it fully on your own.

 

That can lead to wrong fund choices.

 

Most investors don’t track funds regularly.

 

You may miss changes in performance or rating.

 

Regular funds come through MFDs with CFP expertise.

 

You get regular monitoring and rebalancing.

 

That improves fund performance and suits your goals.

 

Hand-holding by a Certified Financial Planner avoids costly errors.

 

Long-term success needs guidance, not guesswork.

 

Taxation Rules You Must Know
For equity mutual funds, LTCG above Rs.1.25 lakh taxed at 12.5%.

 

STCG is taxed at 20%.

 

For debt mutual funds, gains are taxed as per your tax slab.

 

This means tax planning becomes very important.

 

Your Certified Financial Planner will structure funds to reduce tax burden.

 

Also, investing via Systematic Transfer Plan (STP) helps lower STCG tax impact.

 

Emergency Fund: Your Safety Net
Before investing the full Rs.15 lakhs, keep some for emergency.

 

At least Rs.1.5 to 2 lakhs should stay in liquid fund or savings.

 

This helps during job loss or urgent medical need.

 

It avoids breaking your 10-year investments midway.

 

Asset Allocation Strategy: Balanced and Wise
Let’s allocate Rs.15 lakhs in smart buckets.

 

Around 70% to equity mutual funds.

 

20% to debt mutual funds or small savings.

 

10% for emergency and ultra short-term needs.

 

This keeps your returns high and your risks low.

 

Type of Funds to Consider
For equity, you may go for large-cap and flexi-cap mutual funds.

 

Multi-cap funds and focused equity funds are also good.

 

These categories offer growth with managed risk.

 

For debt part, go for dynamic bond or short-duration funds.

 

They offer better returns than fixed deposits.

 

They also provide some stability during equity volatility.

 

SIP and STP: Smart Ways to Enter Market
Don't invest full Rs.15 lakhs in one go.

 

Use Systematic Transfer Plan (STP) from a liquid fund.

 

Shift monthly into equity funds over 6–12 months.

 

This reduces risk of market timing.

 

You will enter at different levels and average cost.

 

SIPs are also good if investing from monthly income.

 

Monitoring and Review: Important for 10-Year Goals
Investments are not one-time work.

 

Review every 6 months with your Certified Financial Planner.

 

Rebalance if fund underperforms or if your goals change.

 

Stay updated on fund rating, portfolio and expense ratio.

 

Insurance Check: Protect Before You Grow
Before investing, make sure you have term insurance.

 

Health insurance is also very important.

 

Don't mix insurance with investment.

 

If you hold ULIPs or endowment policies, review them now.

 

Most likely they give poor returns.

 

If they are not 100% protection based, consider surrendering them.

 

Reinvest that amount in mutual funds for better wealth creation.

 

Goal-Based Planning: Brings Clarity
Assign every portion of your Rs.15 lakh to a goal.

 

Maybe Rs.5 lakh for child education.

 

Rs.7 lakh for your retirement fund.

 

Rs.3 lakh for house renovation or car after 10 years.

 

This helps track progress clearly.

 

You feel more committed to staying invested.

 

Emotional Discipline Is Key
Don’t panic when markets fall.

 

Stay focused on your 10-year goal.

 

Avoid frequent switching between funds.

 

Ups and downs are part of market behaviour.

 

Long-term investors are always rewarded.

 

Role of a Certified Financial Planner
Helps create custom portfolio for your risk level.

 

Gives unbiased fund recommendations.

 

Tracks tax laws and market changes for you.

 

Keeps you on track with timely reviews.

 

Acts like a health doctor for your money life.

 

You avoid costly mistakes and missed opportunities.

 

Final Insights
Rs.15 lakhs invested wisely can create serious wealth in 10 years.

 

Your focus on long-term is very appreciable.

 

Use mutual funds as the main wealth-building tool.

 

Stay away from direct and index funds.

 

Let a CFP guide your journey with logic and planning.

 

Reinvesting surrender value of poor insurance plans also helps.

 

Ensure your family is protected with term and health insurance.

 

Review your progress often but don’t panic during market dips.

 

Stick to your plan, trust the process, and allow time to work for you.

 

Wealth creation is a marathon, not a sprint.

 

Best Regards,
 
K. Ramalingam, MBA, CFP,
 
Chief Financial Planner,
 
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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