Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Ramalingam

Ramalingam Kalirajan  |1728 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 15, 2023

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
Sadiqulla Question by Sadiqulla on Feb 12, 2023Hindi
Listen
Money

Dear sir I not started any investment till today kindly guide which investment scheme is better for me @ infant level

Ans: 1) Create an emergency reserve of 6 months exp in a liquid fund.
2) Then do Start SIP in diversified equity funds, if you have 7 years + time horizon.
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.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |1728 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Asked by Anonymous - Jan 16, 2024Hindi
Listen
Money
Hi rediff guru, I have a son who is 9 years old and for him I have been investing in 10k every month in HDFC children gift fund. I have a daughter who is 2 years old and I would like to start investing for her too. Should I invest in the same HDFC children gift fund (10K per month) or should I invest in the Sukhanya Samriddhi Yojana (1.5 lks per annum) Looking for something which will give better returns in the next 15 years also tax free. Please help
Ans: Investing for your children's future is commendable, and it's essential to choose the right investment option based on your financial goals and preferences. Here's a comparison between HDFC Children's Gift Fund and Sukanya Samriddhi Yojana (SSY) to help you make an informed decision:

HDFC Children's Gift Fund:

Offers the flexibility of investing in equity and debt instruments, providing the potential for higher returns over the long term.
Returns are subject to market risks but may outperform traditional fixed-income investments like SSY, especially over a 15-year horizon.
Taxation: Long-term capital gains (if any) are taxed at 10% without indexation benefit, applicable if gains exceed Rs 1 lakh in a financial year.
Not specifically designed for tax benefits, but potential returns could outweigh tax implications.
Sukanya Samriddhi Yojana (SSY):

Specifically designed for the girl child's education and marriage expenses, offering guaranteed returns and tax benefits under Section 80C of the Income Tax Act.
Currently offers a higher interest rate compared to most fixed-income instruments, providing assured returns.
Taxation: Contributions qualify for tax deductions under Section 80C, and interest income and maturity proceeds are tax-free.
The scheme has a lock-in period until the girl child turns 21, which may restrict liquidity compared to mutual funds.
Considering your investment horizon of 15 years and the desire for tax-free returns, SSY could be a suitable option for your daughter. However, if you prefer potential higher returns and are comfortable with market risks, HDFC Children's Gift Fund may be worth considering for your son's investments.

Consult with a Certified Financial Planner to assess your risk tolerance, financial goals, and tax implications before making a decision. They can provide personalized advice based on your unique circumstances and help you create a comprehensive investment plan for your children's future.

..Read more

Latest Questions
Shekhar

Shekhar Kumar  |126 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

Listen
Career
Sir Maine Electrical Engineering se Graduation Kiya hai,Mai 10 years se Distribution power project me kaam kar rha hun, lakin Salary growth nhi ho rha, aur na hi carrier growth ho rha hai, ab mai apna sector change krna chah rha hun, Insurance field me carrier banana chah raha hun, kripya marg darshan kare.
Ans: Transitioning from electrical engineering to the insurance field is indeed a significant change, but it's certainly possible with careful planning and preparation. Start by assessing your skills, strengths, interests, and values. Reflect on what aspects of your current job you enjoy and what you'd like to change in your next career. Identify transferable skills from your engineering background that can be valuable in the insurance industry, such as analytical thinking, problem-solving, attention to detail, and project management. Gain a thorough understanding of the insurance sector, including its various segments (life insurance, general insurance, health insurance, etc.), products, regulations, and key players. Research different job roles within the insurance industry to determine which ones align with your skills and interests. Identify any skill gaps between your current skill set and the requirements of the insurance industry. Consider enrolling in relevant courses, certifications, or training programs to acquire the necessary knowledge and skills. Courses in insurance fundamentals, risk management, underwriting, claims processing, and sales techniques can be beneficial. Leverage your existing professional network and connections within the insurance industry. Attend industry events, seminars, and workshops to expand your network and learn from professionals already working in the field. Join online forums, LinkedIn groups, and professional associations related to insurance to connect with peers and gain insights into industry trends. Look for opportunities to gain practical experience in the insurance field. This could involve volunteering, internships, or part-time positions to familiarize yourself with industry practices and build credibility. Consider reaching out to insurance companies or brokers for informational interviews to learn more about their operations and potential career paths. Tailor your resume and LinkedIn profile to highlight relevant skills, experiences, and achievements that are transferable to the insurance industry. Emphasize your problem-solving abilities, analytical skills, attention to detail, and any relevant project management experience from your engineering background. Start exploring job opportunities in the insurance field through online job portals, company websites, recruitment agencies, and professional networking platforms. Customize your job applications to showcase how your engineering background and transferable skills make you a suitable candidate for roles in insurance. Once you've secured a position in the insurance industry, continue to invest in your professional development and stay updated on industry trends, regulations, and best practices. Pursue opportunities for further education, certifications, and career advancement within the insurance sector. Remember to stay proactive, persistent, and adaptable throughout the process, and don't hesitate to seek guidance from mentors or career advisors along the way.

...Read more

Shekhar

Shekhar Kumar  |126 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

Listen
Career
Sir my son is studying cse in srm chennai. 6th sem. What is his feature
Ans: Your son, studying Computer Science Engineering (CSE) at SRM Chennai, has a promising future ahead, given the dynamic and growing nature of the field. The demand for skilled computer science professionals continues to rise globally. With advancements in technology, sectors such as software development, artificial intelligence, cybersecurity, data science, and cloud computing offer numerous career opportunities for CSE graduates. Encourage your son to focus not only on academic studies but also on developing practical skills and gaining hands-on experience. Engaging in internships, projects, coding competitions, and relevant extracurricular activities can enhance his skill set and make him more competitive in the job market. Building a professional network is essential in the tech industry. Encourage your son to participate in industry events, conferences, workshops, and online communities to connect with professionals, mentors, and potential employers. The field of computer science is constantly evolving, with new technologies and trends emerging regularly. Encourage your son to cultivate a habit of lifelong learning and stay updated with the latest developments through online courses, certifications, and self-study. CSE graduates have a wide range of career paths to choose from, including software development, web development, mobile app development, data analysis, cybersecurity, network engineering, machine learning, and more. Your son can explore different career options based on his interests, strengths, and career goals. With the right skills and knowledge, CSE graduates can also consider entrepreneurship as a career path. Encourage your son to explore entrepreneurial opportunities, develop innovative ideas, and learn about startup culture and business management. If your son is interested in pursuing higher education, he can consider options like an M.Tech in Computer Science, an MS in Computer Science abroad, or specialized certifications in niche areas of interest. Further education can deepen his expertise and open up advanced career opportunities.

Overall, with dedication, hard work, and a proactive approach to learning and career development, your son has a bright future ahead in the field of computer science engineering. Encourage him to stay focused, explore his interests, and make the most of the opportunities available to him at SRM Chennai and beyond.

...Read more

Shekhar

Shekhar Kumar  |126 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

Listen
Career
I am a second year mechanical engineering student ,wanted to do any certification courses along with my degree...can you suggest a certification course for mechanical engineering students?
Ans: Certainly! Pursuing certification courses alongside your mechanical engineering degree can enhance your skills and increase your employability. Courses in computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE) software are highly valuable for mechanical engineers. Certifications in software like AutoCAD, SolidWorks, CATIA, ANSYS, or Siemens NX can improve your proficiency in design, analysis, and manufacturing processes. Project management skills are essential for engineering professionals, especially those involved in planning and executing projects. Certifications such as Project Management Professional (PMP) or PRINCE2 can provide you with the knowledge and techniques needed to effectively manage engineering projects. Six Sigma is a methodology aimed at improving processes by reducing defects and variation. Obtaining a Six Sigma certification, such as Green Belt or Black Belt, demonstrates your proficiency in process improvement techniques, which can be beneficial for a career in manufacturing, quality assurance, or operations management. FEA is a numerical technique used to analyze the behavior of structures and mechanical components under various loading conditions. A certification course in FEA, focusing on software like ANSYS, Abaqus, or MSC Nastran, can enhance your analytical skills and understanding of structural mechanics. Courses focusing on manufacturing processes such as machining, welding, casting, or additive manufacturing (3D printing) can provide you with hands-on experience and knowledge of different manufacturing techniques used in industry. Industry 4.0 encompasses technologies like IoT, AI, robotics, and data analytics applied to manufacturing processes. Courses or certifications focusing on these emerging technologies can give you a competitive edge in the rapidly evolving field of smart manufacturing.

But before enrolling in any certification course, consider your career goals, interests, and the specific skills you want to develop. Also, research the credibility of the certification provider and the relevance of the course content to ensure it aligns with your aspirations and adds value to your mechanical engineering education.

...Read more

Shekhar

Shekhar Kumar  |126 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 29, 2024Hindi
Listen
Career
What is the future of manufacturing industry in India in coming years
Ans: The Indian government has launched various initiatives such as "Make in India," "Atmanirbhar Bharat," and the Production Linked Incentive (PLI) scheme to boost domestic manufacturing, attract foreign investment, and promote the production of goods locally. These initiatives aim to enhance the competitiveness of Indian manufacturing on a global scale; hence, the future of the manufacturing industry in India appears promising, with several factors contributing to its growth potential. Ongoing investments in infrastructure development, including the construction of industrial corridors, logistics parks, and smart manufacturing hubs, are expected to improve connectivity, reduce logistics costs, and enhance the ease of doing business for manufacturers. The increasing adoption of advanced technologies such as automation, robotics, artificial intelligence (AI), and the Internet of Things (IoT) is driving efficiency, productivity, and innovation in the manufacturing sector. This technological transformation is helping Indian manufacturers compete more effectively in the global market. The Indian government has identified several key sectors, such as electronics, automotive, pharmaceuticals, aerospace, and renewable energy, for targeted growth and investment. These sectors offer significant potential for value addition, job creation, and export growth in the manufacturing industry. India's large and growing population, expanding middle class, and rising disposable incomes are driving domestic demand for manufactured goods across various sectors. Meeting this demand presents opportunities for both domestic and foreign manufacturers operating in India. The COVID-19 pandemic highlighted the risks associated with over-reliance on a few countries for supply chain operations. Many companies are now looking to diversify their supply chains and explore alternative manufacturing destinations, such as India. This presents an opportunity for India to attract investment and become an integral part of global supply chains. 

However, to fully realize its potential, the Indian manufacturing industry must address certain challenges, including infrastructure bottlenecks, regulatory complexities, skill shortages, and the need for greater ease of doing business. Additionally, there is a growing emphasis on sustainability and environmental responsibility, which manufacturers need to integrate into their operations to remain competitive in the long term.

Overall, with the right policy support, investments in infrastructure and technology, and concerted efforts to address challenges, the manufacturing industry in India is poised for significant growth in the coming years.

...Read more

Shekhar

Shekhar Kumar  |126 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

Listen
Career
Hello Sir, My son is passing out in this year july in Computer science Engineering. His first priority is getting a job,but in 80% cases, in aptitude round he is not getting selected. My question is, how to improve the aptitude test. Second question is, parallely he wants to apply for M.tech. In India, how many entrance exams are there for Mtech? Thank you Sir.
Ans: Improving performance in aptitude tests and preparing for M.Tech. entrance exams are both important goals for your son's career advancement. Improving aptitude test performance requires regular practice, which is essential to improving speed and accuracy. Kindly encourage your son to identify his weaker areas within the aptitude sections and work on them. This can be done through practice tests or by analyzing previous test performances. There are numerous resources available online, such as books, websites, and mobile apps, that offer aptitude test practice questions and solutions. Recommending reliable resources can aid his preparation. As you know, aptitude tests are typically timed, so learning effective time management strategies is crucial. Encourage him to practice under timed conditions to improve his pacing during the actual test. In India, there are several entrance exams for M.Tech. programs. Some of the most prominent ones include GATE (Graduate Aptitude Test in Engineering), CEED (Common Entrance Examination for Design), and PGCET (Post Graduate Common Entrance Test), also known as PGCET. Karnataka PGCET, AP PGCET, and TS PGCET, and university-specific entrance exams. 

Encourage your son to research the specific requirements and syllabus for each exam he plans to take, and to start preparing well in advance to maximize his chances of success.

...Read more

Shekhar

Shekhar Kumar  |126 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

Listen
Career
Hello i am a 20 year old male who is currently doing a course in automotive field. The college is private and providing me an ASDC NSQF level 6 certification i am also doing a side course related to EV vehicles in don bosco. My main concern is that will companines accept me and can i go abroad for job or studies with these certificates because i have done my 12th in commerce and then changed my field. Please could someone guide me. Shloud i change my line even though i am highly interested and my other main concern is will i able to earn a good living in this field if i pursue it further
Ans: It's great that you're pursuing a course in the automotive field and gaining additional certification related to EV vehicles. Companies in the automotive industry often value practical skills and certifications, especially those recognized by industry bodies like ASDC (Automotive Skills Development Council). Your ASDC NSQF Level 6 certification and additional training in EV vehicles can enhance your employability and make you attractive to potential employers. In many countries, there is a demand for skilled automotive technicians and engineers, including those with expertise in electric vehicles. With relevant certifications and skills, you may be eligible for job opportunities abroad. However, the specific requirements and visa regulations may vary depending on the country and employer. You should also research the job market and immigration policies of the countries you're interested in to understand the possibilities. The automotive industry offers diverse career opportunities, including roles in vehicle maintenance, repair, manufacturing, sales, and research. As the demand for electric vehicles continues to grow, there's a rising need for professionals with expertise in EV technology. By staying updated on industry trends, gaining practical experience, and continuously upgrading your skills, you can position yourself for a successful career with opportunities for advancement and competitive salaries. It's essential to consider your passion and interest in the automotive field when making career decisions. If you're genuinely enthusiastic about automotive technology and enjoy working with vehicles, pursuing a career in this field can be fulfilling and rewarding. Follow your passion, leverage your skills and certifications, and remain open to learning and growth opportunities along the way. 

Ultimately, your success in the automotive industry will depend on your dedication, willingness to learn, adaptability, and proactive approach to career development. Keep honing your skills, networking with industry professionals, and exploring avenues for advancement to maximize your potential in this dynamic and evolving field. If you're passionate about automotive technology and committed to excellence, there's a good chance you can build a rewarding and lucrative career in the industry.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x