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Ramalingam

Ramalingam Kalirajan  |7645 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 29, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Dec 30, 2023Hindi
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I am 41 yrs old. I investing 10k pm in mutual fund and current venue is approx 8lakh against 4.5 lakh. Ppf is 22 lakh and still 4 yrs to good. PF and Graduity is around 20 lakh I need to retire by age of 45. And want 1 lakh pm fir monthly expenses. What more I need to do . Please guide

Ans: At 41, your proactive approach towards investing is commendable. With a diversified portfolio including mutual funds, PPF, PF, and gratuity, you're on the right track. However, retiring at 45 with a monthly expense goal of 1 lakh requires a comprehensive strategy. Have you considered increasing your investment amount or exploring additional income streams? Also, reassess your risk tolerance and adjust your investment allocations accordingly. Planning for healthcare expenses and unexpected costs is crucial too. Remember, retirement planning is a journey, not a destination. A Certified Financial Planner can provide tailored advice to optimize your financial roadmap. Stay focused, stay disciplined, and may your retirement years be filled with peace and prosperity.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |7645 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Asked by Anonymous - Dec 18, 2023Hindi
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Hi, I am 40 year old with my wife and 3yr old son. I have already invested 780000 in various mfs and currently sip of 29000 pm. Also I am investing 20000 per year in ppf. I have invested 18 units in SGB as of now. I want to retire at age of 52 year. My current expense is 35000 pm. Please suggest me for my retirement goal.
Ans: Based on the information you've provided, you seem to be on a good track for retirement planning. Here's a breakdown to help you analyze your current situation and suggest some improvements for your retirement goals:

Current Scenario Analysis:

Investments:
Total Invested Amount: ?7,80,000 (lump sum)
Monthly SIP: ?29,000
PPF Investment: ?20,000 per year (approx. ?1667 per month)
SGB Investment: 18 units (total investment amount not available)
Retirement Age: 52 years (12 years from now)
Monthly Expenses: ?35,000
Points to Consider:

Investment Horizon: 12 years is a good timeframe for investments to grow for your retirement.
Diversification: While details of your mutual funds are not available, aim for a diversified portfolio across asset classes (equity, debt) to manage risk.
Inflation: Inflation can erode the purchasing power of your money over time. Factor in inflation when calculating your retirement corpus.
Retirement Lifestyle: Consider the lifestyle you desire in retirement and estimate the monthly expenses you might have.
Suggestions for Improvement:

Calculate Required Corpus: Use online retirement calculators or consult a financial advisor to estimate the total corpus you'll need based on your desired retirement lifestyle and expected inflation.
Review your SIP: Analyze your existing SIPs and their performance. You can consider increasing the SIP amount gradually as your income grows to reach your target corpus.
Asset Allocation: Ensure your mutual fund portfolio has an appropriate asset allocation based on your risk tolerance and remaining investment horizon. You might need to adjust the mix of equity and debt funds closer to retirement for more stability.
NPS (National Pension System): Consider exploring NPS, which offers tax benefits and a structured approach to retirement savings. However, the investment has a lock-in period until retirement with some exceptions.
Health Insurance: Having adequate health insurance coverage is crucial, especially as medical expenses tend to rise with age. Ensure you and your family have a comprehensive health insurance plan.
Here are some resources that can help you with retirement planning:

Retirement Calculators: Many online financial institutions and investment platforms offer retirement calculators.
SEBI (Securities and Exchange Board of India) - Investor Education on Retirement Planning: [invalid URL removed]
PFRDA (Pension Fund Regulatory and Development Authority) - NPS Website: https://www.pfrda.org.in/
Remember:

This is a general overview, and consulting a qualified financial advisor can provide personalized guidance based on your specific circumstances, risk tolerance, and financial goals.
Regularly review your investment portfolio and adjust your strategy as needed based on market conditions and your evolving needs.
By continuing with your current investments, exploring additional options, and carefully planning, you can increase your chances of achieving a comfortable and secure retirement.

..Read more

Ramalingam

Ramalingam Kalirajan  |7645 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 07, 2024Hindi
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I am 29 yrs old. I investing 90k per month in mutual fund and stock market valued approx 34lakh and 11 lakh respectively. I also have 100 units of SGB amd activity investing in it around 10 units per issue. Just started PPF investment this year. I need to retire by age of 45. And want 3 lakh per month for monthly expenses. Please guide am i going in right directions?
Ans: At 29, you're demonstrating a proactive approach towards securing your financial future, which is commendable. Your investments in mutual funds, stocks, Sovereign Gold Bonds (SGBs), and Public Provident Fund (PPF) reflect a diversified portfolio aimed at wealth accumulation.

Investing in mutual funds and the stock market can offer substantial growth potential over the long term, especially when approached with a disciplined strategy and a focus on quality investments. Your current portfolio values of approximately 34 lakh in mutual funds and 11 lakh in stocks indicate a significant commitment to building wealth through equities.

Sovereign Gold Bonds (SGBs) offer a unique avenue for investing in gold, providing the dual benefits of capital appreciation and fixed interest income. Your strategy of actively investing in SGBs, averaging around 10 units per issue, aligns with a long-term wealth accumulation plan.

Additionally, initiating PPF investments this year adds a layer of stability to your portfolio. PPF offers attractive tax benefits and a guaranteed rate of return, making it a suitable option for retirement planning.

However, retiring by the age of 45 and aiming for a monthly expense of 3 lakh rupees necessitates a thorough evaluation of your financial plan. While your current investments show promise, achieving your retirement goal will require careful planning and possibly adjusting your investment strategy.

As a Certified Financial Planner, I recommend the following steps:

Conduct a comprehensive financial assessment to determine your current financial position, retirement goals, and risk tolerance.
Develop a detailed retirement plan, considering factors such as inflation, lifestyle expenses, and investment returns.
Evaluate the adequacy of your current savings and investment strategy in meeting your retirement income needs.
Explore options for increasing your savings rate and optimizing your investment portfolio to maximize returns while managing risk.
Continuously monitor and adjust your financial plan as needed to stay on track towards achieving your retirement goals.
In summary, while you've made significant strides in building your investment portfolio, retiring by the age of 45 and generating a monthly income of 3 lakh rupees will require careful planning and disciplined execution. By working with a Certified Financial Planner and regularly reviewing your financial plan, you can increase the likelihood of achieving your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7645 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 25, 2024

Asked by Anonymous - Jun 18, 2024Hindi
Money
28 yrs old, Investing ?10k pm in MFs (total ?44k), FD maturing soon (?40k), RD ongoing (?8k monthly, approx ?75k, goal 2L) and PPF at ?1.16 lakh (matures in 9 years). Target monthly expense post-retirement: ?1Lakh. Considering Digital Gold SIP too. I need to retire by 50 age or before. What more I need to do, please guide.
Ans: Hi, it’s impressive that you are thinking ahead about retirement. You're 28 and aiming to retire by 50 or earlier. Your goal is to have Rs 1 lakh as your monthly post-retirement expense. Let’s work on a plan to help you achieve this.

Current Financial Situation
Let’s summarize your current investments:

Mutual Funds: Rs 10,000 per month, totaling Rs 44,000 invested.
Fixed Deposit: Rs 40,000 maturing soon.
Recurring Deposit: Rs 8,000 per month, with a goal of Rs 2 lakh.
Public Provident Fund (PPF): Rs 1.16 lakh, maturing in 9 years.
Building a Strong Financial Foundation
A solid financial foundation is crucial for achieving your retirement goals:

Emergency Fund: Ensure you have an emergency fund covering 6-12 months of expenses. This provides a safety net during unexpected situations.
Insurance: Adequate health and life insurance are essential. This protects you and your family from unforeseen events.
Accelerating Your Debt Repayment
If you have any debt, prioritize repaying it:

High-Interest Debt: Focus on paying off high-interest debts first. This reduces your overall interest burden and improves your financial health.
Investing in Mutual Funds
Mutual funds are a great way to grow your wealth:

Diversification: Invest in a mix of equity and debt mutual funds. This balances risk and returns.
Systematic Investment Plans (SIPs): Continue your SIPs and gradually increase the amount as your income grows.
Regular Review: Review your mutual fund portfolio annually with a Certified Financial Planner (CFP) to ensure it aligns with your goals.
Fixed Deposits and Recurring Deposits
Fixed and recurring deposits offer stability:

Reinvestment: Once your FD matures, reinvest the amount in a diversified portfolio. This could include mutual funds or other investment options.
Goal Achievement: Use the RD to achieve your short-term goal of Rs 2 lakh. After reaching this goal, redirect the funds towards long-term investments.
Public Provident Fund (PPF)
PPF is a reliable long-term investment:

Consistent Contributions: Continue contributing to your PPF account. It offers tax benefits and guaranteed returns.
Maturity Planning: Plan for the maturity of your PPF in 9 years. Consider reinvesting the maturity amount for continued growth.
Considering Digital Gold SIP
Digital gold can be part of your investment portfolio:

Small Allocation: Allocate a small portion of your investment to digital gold. It acts as a hedge against inflation.
Regular Investment: Invest systematically through a Digital Gold SIP to benefit from rupee cost averaging.
Diversifying Your Investments
Diversification reduces risk and enhances returns:

Equity Funds: Increase your exposure to equity mutual funds for higher returns. This helps in long-term wealth creation.
Debt Funds: Include debt funds for stability and regular income. This balances your portfolio.
Gold: Continue with a small allocation to digital gold for diversification.
Planning for Inflation
Inflation reduces purchasing power over time:

Growth Investments: Invest in assets that grow faster than inflation, like equity mutual funds and stocks.
Regular Adjustments: Review and adjust your investments regularly to stay ahead of inflation.
Estimating Retirement Corpus
Estimate the total corpus needed to generate Rs 1 lakh monthly post-retirement:

Current Expenses: Calculate your current monthly expenses.
Future Expenses: Consider inflation to estimate future expenses.
Corpus Calculation: Determine the total corpus needed to generate the desired monthly income.
Systematic Withdrawal Plan (SWP)
An SWP helps in managing post-retirement income:

Regular Income: SWP allows you to withdraw a fixed amount from your mutual fund investments regularly.
Tax Efficiency: It is more tax-efficient compared to withdrawing a lump sum.
Investing in Actively Managed Funds
Actively managed funds can offer better returns:

Professional Management: Actively managed funds are managed by experienced fund managers.
Higher Returns: They have the potential to outperform the market and deliver higher returns compared to index funds.
Avoiding Direct Funds
Direct funds might seem cost-effective but come with disadvantages:

Lack of Guidance: Investing directly means missing out on professional advice.
Complexity: Managing direct funds requires a deep understanding of the market and regular monitoring.
Benefits of Regular Funds through CFP
Investing through a CFP ensures expert guidance:

Customized Plan: A CFP provides a personalized investment plan based on your goals and risk tolerance.
Regular Reviews: They conduct regular reviews and adjustments to your portfolio, ensuring it remains aligned with your objectives.
Creating a Financial Roadmap
A clear roadmap helps you stay on track:

Short-Term Goals: Identify and achieve short-term financial goals like building an emergency fund and clearing debt.
Long-Term Goals: Focus on long-term goals like retirement planning and wealth creation.
Increasing Your Investment Amount
Gradually increase your investment amount as your income grows:

SIP Increase: Increase your SIP amount periodically to accelerate wealth creation.
Bonus or Increment: Invest any bonuses or salary increments for better returns.
Professional Guidance
Seek professional guidance from a Certified Financial Planner:

Expert Advice: A CFP provides expert advice and personalized investment strategies.
Regular Monitoring: They monitor your investments regularly and suggest necessary adjustments.
Monitoring and Reviewing Investments
Regular monitoring and reviewing are crucial for success:

Annual Review: Conduct an annual review of your investment portfolio.
Adjustments: Make necessary adjustments based on performance and changing financial goals.
Future-Proofing Your Investments
Future-proof your investments to ensure long-term financial security:

Diversified Portfolio: Maintain a diversified portfolio to manage risk.
Professional Guidance: Seek regular advice from a Certified Financial Planner.
Flexibility: Be flexible with your investment strategy to adapt to changing market conditions.
Final Insights
Retiring by 50 with a monthly expense of Rs 1 lakh is achievable with disciplined planning and smart investments. Continue your SIPs, reinvest maturing FDs, and contribute to your PPF. Diversify your investments with equity, debt, and digital gold. Seek professional guidance, regularly review your portfolio, and make necessary adjustments. Stay disciplined and focused on your goals. Best of luck on your financial journey!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7645 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 19, 2024

Asked by Anonymous - Jun 19, 2024Hindi
Money
Hi, I am 34 years old married and have one kid 1 year of age. I have invested about 1.8 lakhs in mutual funds which currently stands at 2.05 lakhs. I have a PPF savings of 10 lakhs and invest full amount of 1.5 lakhs per year. I have invested 2 lakhs in equities. I have FDs worth 30 lakhs and my salary is 1.10 lakhs. I wish to retire by 40 years of age. Kindly me suggest me.
Ans: Firstly, congratulations on having a disciplined approach to your finances. At 34, you are already investing in various avenues, which is commendable. You have a diversified portfolio comprising mutual funds, PPF, equities, and fixed deposits. Let's evaluate your current financial standing and plan for an early retirement by the age of 40.

Mutual Funds Investment
Your mutual funds have grown from Rs 1.8 lakhs to Rs 2.05 lakhs. This indicates a healthy appreciation.

However, to retire early, you need to increase your investment in mutual funds.

Actively managed mutual funds could be a better choice compared to index funds. Actively managed funds often outperform the market due to professional fund management. They can adapt to market changes quickly and optimize your returns.

Consider investing through a certified financial planner who can guide you on the best mutual funds. They can provide personalized advice and help you achieve your retirement goals.

Public Provident Fund (PPF)
Your PPF savings stand at Rs 10 lakhs, and you are investing the full amount of Rs 1.5 lakhs per year.

PPF is a great investment for tax-saving and securing your future. It offers a stable and assured return, which is crucial for your retirement plan.

Continue with your current PPF contributions. This will create a significant corpus by the time you retire. Given the tax benefits and guaranteed returns, PPF is a robust component of your retirement plan.

Equities Investment
Your investment in equities is Rs 2 lakhs. Equities can provide high returns, but they come with higher risks.

For early retirement, you need a balanced approach in your equity investments. Diversify your equity portfolio to mitigate risks. Invest in blue-chip stocks and sectors with strong growth potential.

Regularly review and adjust your equity portfolio with the help of a certified financial planner. This ensures that you are on track with your financial goals and minimizes potential risks.

Fixed Deposits (FDs)
You have FDs worth Rs 30 lakhs, which is substantial. FDs are safe investments but offer lower returns compared to mutual funds and equities.

Since you wish to retire early, it's essential to balance safety and growth. While FDs provide safety, they might not generate the necessary returns for early retirement.

Consider reallocating a portion of your FDs into higher-yield investments like mutual funds and equities. This can enhance your overall returns while maintaining some level of safety in your investments.

Monthly Salary
Your monthly salary is Rs 1.10 lakhs. It is crucial to allocate a portion of your salary towards investments.

Follow the 50-30-20 rule:

50% for necessities
30% for discretionary spending
20% for investments
This ensures a disciplined approach to saving and investing, helping you build a retirement corpus.

Setting a Retirement Corpus
To retire by 40, estimate your retirement corpus based on current expenses, inflation, and lifestyle aspirations. This will give you a clear target to aim for.

Consult a certified financial planner to help you set realistic financial goals and create a roadmap to achieve them. They can provide insights into how much you need to save and where to invest.

Increasing Investments
To achieve early retirement, increase your investments gradually. Allocate more towards high-growth avenues like mutual funds and equities.

Systematic Investment Plans (SIPs) are a great way to invest in mutual funds. They provide the benefit of rupee cost averaging and disciplined investing.

Evaluate and adjust your investments regularly to stay aligned with your goals.

Risk Management
Early retirement requires careful risk management. While investing in high-return avenues, ensure you have adequate insurance coverage.

Life insurance, health insurance, and critical illness cover are essential. They protect your financial plan against unforeseen events.

Review your insurance policies regularly and make adjustments as needed.

Emergency Fund
An emergency fund is crucial for financial security. Aim to have 6-12 months' worth of expenses in a liquid fund.

This provides a safety net for any unexpected expenses and ensures you don’t need to dip into your retirement savings.

Tax Planning
Efficient tax planning can boost your savings. Utilize tax-saving instruments like PPF, EPF, and ELSS.

Maximize your tax deductions under Section 80C, 80D, and other relevant sections. This increases your investable surplus and helps in faster wealth accumulation.

Lifestyle and Spending Habits
Retiring early requires a frugal lifestyle and disciplined spending habits.

Evaluate your discretionary expenses and identify areas where you can save more. Redirect these savings into your investment portfolio.

Small changes in spending habits can have a significant impact on your savings and investments over time.

Regular Financial Review
Regularly review your financial plan and investment portfolio.

Market conditions and personal circumstances change over time. A certified financial planner can help you navigate these changes and keep your plan on track.

Periodic reviews ensure that you are progressing towards your retirement goal and allow for timely adjustments.

Benefits of Professional Guidance
Working with a certified financial planner offers several advantages. They provide personalized advice, keeping your goals and risk tolerance in mind.

They help you create a diversified investment portfolio, optimize tax savings, and manage risks effectively. Their expertise can significantly enhance your chances of achieving early retirement.

Final Insights
Your goal of retiring by 40 is ambitious but achievable with a strategic approach.

Focus on increasing your investments in high-growth avenues like mutual funds and equities. Maintain a balance between safety and growth by reallocating your FDs.

Continue your disciplined approach towards PPF and ensure you have adequate insurance coverage. Build a robust emergency fund and practice efficient tax planning.

Adopt a frugal lifestyle and disciplined spending habits to maximize your savings. Regularly review your financial plan with the help of a certified financial planner.

Your dedication and disciplined approach are commendable. With strategic planning and professional guidance, you can achieve your dream of early retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7645 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 27, 2025

Money
Below is the portfolio for all my goals. I am 46 years old, moderate risk taker and new to mutual funds. Kindly review and conclude, if the below portfolio is fine to proceed and suggest me if any modifications is required. Portfolio - Daughter's Marriage and Son's Education, Time Horizon: 7 years 45% Nippon India Nifty 50 index Fund 15% Kotak Nifty next 50 index fund 15% Parag Parikh Flexi cap fund 25% Axis Corporate Bond fund Portfolio - Retirement, Time Horizon: 10 years, planning to introduce debt at the start of 6th year, thus by reducing equity every year. 55% Nippon India Nifty 50 index Fund 15% Kotak Nifty next 50 index fund 15% Motilal Oswal Nifty Midcap 150 Index fund 15% Parag Parikh Flexi cap fund Portfolio - Buying car/Wealth Creation, Time Horizon: 7 years 50% Nippon India Nifty 50 index Fund 30% Mirae asset aggressive hybrid fund 20% ICICI Prudential Corporate Bond fund Direct plan Growth
Ans: You have created a goal-based portfolio with clear time horizons and objectives. Your focus on mutual funds is a good step, but a few changes can improve efficiency and alignment with your goals. Below is a detailed assessment of your portfolios along with recommendations.

General Observations
Your allocation demonstrates clarity and a structured approach.

The presence of equity, debt, and hybrid funds ensures a balanced risk-return ratio.

However, index funds dominate the portfolio. Actively managed funds could enhance returns for long-term goals.

Introduction of direct plans indicates cost-consciousness, but regular plans with MFD guidance may offer personalised benefits.

Portfolio: Daughter's Marriage and Son's Education
Time Horizon: 7 years

Current Allocation:

45% in a Nifty 50 index fund.

15% in a Nifty Next 50 index fund.

15% in a flexi-cap fund.

25% in a corporate bond fund.

Observations:
A 60% allocation to index funds reduces potential for excess returns.

Index funds lack active management and struggle in volatile markets.

A flexi-cap fund adds diversification but needs a higher allocation.

The corporate bond fund ensures stability but may need a dynamic bond fund for better yields.

Recommendations:
Reduce index fund allocation to 30%.

Allocate 30% to flexi-cap funds for higher long-term growth.

Keep 25% in corporate bond funds. Consider dynamic bond funds for better returns.

Add 15% in a balanced advantage or hybrid fund for stability.

Portfolio: Retirement
Time Horizon: 10 years (Shifting to debt from 6th year)

Current Allocation:

55% in a Nifty 50 index fund.

15% in a Nifty Next 50 index fund.

15% in a mid-cap index fund.

15% in a flexi-cap fund.

Observations:
Index funds dominate 70% of the portfolio, limiting active opportunities.

Mid-cap exposure enhances growth but carries higher risk.

Transitioning to debt from the 6th year is a sound strategy.

Recommendations:
Reduce index funds to 40%. Allocate this to a mix of large-cap and flexi-cap funds.

Increase flexi-cap funds from 15% to 30% for better returns.

Keep 15% in mid-cap funds for growth potential.

From the 6th year, add short-duration debt funds and balanced advantage funds.

Ensure regular reviews to rebalance equity and debt exposure.

Portfolio: Buying Car/Wealth Creation
Time Horizon: 7 years

Current Allocation:

50% in a Nifty 50 index fund.

30% in an aggressive hybrid fund.

20% in a corporate bond fund.

Observations:
The 50% allocation to index funds could limit wealth creation potential.

Aggressive hybrid funds balance risk and growth but may require diversification.

Corporate bond funds are stable but could be supplemented with higher-yielding instruments.

Recommendations:
Reduce index fund allocation to 30%.

Increase allocation to aggressive hybrid funds to 40%.

Replace 20% corporate bond allocation with dynamic or medium-duration debt funds.

Add 10% in a multi-asset fund for further diversification.

Analytical Perspective: Index Funds vs Actively Managed Funds
Index Funds: Passive funds with lower costs but limited returns in volatile or bearish markets.

Actively Managed Funds: Outperform during economic cycles with professional fund manager expertise.

Actively managed funds can help maximise returns in your portfolios.

Investing via MFD ensures periodic reviews and customised advice.

Disadvantages of Direct Plans
Direct plans may reduce costs, but lack personalised guidance.

MFDs with CFP credentials align funds with your goals and monitor performance.

Regular plans save time and effort while offering expert insights.

Taxation Impact
Equity LTCG above Rs. 1.25 lakh is taxed at 12.5%.

STCG on equity funds is taxed at 20%.

Debt funds are taxed as per your income tax slab.

A Certified Financial Planner can help manage tax implications efficiently.

Key Suggestions Across All Portfolios
Diversify across active equity and hybrid funds to optimise returns.

Reduce heavy reliance on index funds for long-term goals.

Use dynamic and medium-term debt funds for stability in debt allocation.

Review portfolios yearly and rebalance as required.

Final Insights
Your portfolios have a strong foundation for achieving your goals. A few adjustments can further optimise performance. Balancing active and passive funds, diversifying instruments, and considering expert guidance will help you achieve financial success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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Radheshyam Zanwar  |1158 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jan 27, 2025

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Career
sir. my son graduated in CSE from 2024 from JUIT, jaypee university, Solan with a cgpa of 7.5. college failed to placed him. in fact only 20 out of 300 from the batch got placed. kindly suggest.
Ans: Hello Ranjan
Not only JUIT but many more universities and colleges also failed to place the students for a few years as they promised at the time of admission via advertisements. But out of 300, just 20 placed is quite a notable number. You did not mention, where this trend is for this year or if it is happening for a few years! But, now there is no point in keeping names to the placement division of JUIT as you have to focus on the future of your son.
Here are some tips: (1) Ask your son to create a strong C.V. if something is lagging in it from the market condition point of view. (2) Ask him to learn the new techniques in AI + ML as early as possible i.e. Strengthen Technical Skills (3) Create a strong profile on LinkedIn (4) Keep a close eye on the placement offers published in national-level newspapers and employment newspapers. (5) Ask him to keep in touch with his seniors who are working in the companies and if there is any vacancy there (6) Without thinking much more, just apply for the job in the respective companies of his interests where the advertisement Is published or not. (7) Ask him to learn extracurricular activities and try to focus on personality building to get a suitable job without having any irritation in the mind and body language. (8) If possible, try to get the admission to PG. Many colleges offer stipends at the time of PG learning.
Even though there is a recession in the job industry at present, there is no need to worry. This phase is temporary and soon the conditions will be favorable to unemployed youths. Best of luck to your son for his bright future.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

...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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