Hi Anu, I am a 40 years old single guy who is into software development at a MNC and I work from home 5 days a week. No dependent parents as well as they've expired. I tend to get jealous when I hear of people in my company going abroad for work. I had been to US once for 2 weeks around 16 years ago. I hardly mixed with people during my stay there. I always find people in the US very fake and they laugh at stupid jokes amongst themselves and sort of look down upon Indians and do not include them. I'm an introvert anyway, barely know my neighbours in the same building well enough. I do not have any loans and I don't really spend much (5% income expenses, remaining I invest in stocks or MFs or FDs). I also feel women in US or Europe or Australia are more liberal when it comes to sex, so it is easier for me to get laid as compared to India. There are stripclubs and nude beaches too in these countries. I've never been in a relationship and have slept with just 2 call girls so far in India. I've recently been diagnosed with diabetes too and so my erections are not strong enough like they used to be. I am not very good at buttering bosses. My command over English is good but I do not sound assertive at times, my bosses say you do your work well but you need to be more vocal and highlight your work too. Keeping all these points in mind, should I try for a long term/short term stint abroad through my company and approach my boss for the H1-B/L-1 visa or UK work permit or Australian visa or just occasionally visit these countries once a year? I don't know cooking so not sure how I'll manage abroad all by myself. Please guide me, I'm super confused.

Ans: Form 13 is the formal request for the transfer of PF from your previous trust-managed account to EPFO.

Download and submit it to your current employer. Your current employer will verify and forward the form to the trust managing your previous PF account. The trust will then process the request and transfer the accumulated PF amount to your EPFO account.
You may check the status of your transfer request on the UAN member portal.

Ans: Hi Kishore

There are a lot of options after B.Sc. Botany (Zoology). Seeking a good job on B,Sc, basis might be challenging. It is advisable to first complete your master's for better job placement offers. Till your master's completion, you can start your coaching or join any coaching institute to teach biology for NEET so that you can start earning a little bit. After your master's, you may try to get jobs in the following areas:
1) Animal Nutritionist
2) Environmental Scientist
3) Forest Officer
4) Wildlife Biologist
5) Environmental Manager
6) Ecologist
and many more ......
Wide doors open after M.Sc. Zoology.
Best of luck for your future.

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Radheshyam

Ans: Dear
It’s awesome that you’re thinking about investing at such a young age! Your goal of buying a Yamaha bike for your 18th birthday is achievable with the right investment strategy. Let’s break it down:
1. SIP (Systematic Investment Plan) for Your Monthly Savings you can absolutely invest your savings in SIPs. With Rs 1200-1500 available per month, SIPs are a great way to start investing in mutual funds. They allow you to invest small amounts regularly, and over time, you can benefit from compounding and rupee-cost averaging, which means your money can grow steadily. However, since your goal is just over a year away (December 2025), you’ll need to invest in something that balances growth with moderate risk, because mutual funds, especially equity ones, can be volatile in the short term.
2. How Much You Need to Save - Your target is Rs 1.5 lakh, and you’ve already saved Rs 40,000.- So, you need Rs 1.1 lakh more by December 2025. - You have roughly 15 months left, meaning you need to save or grow your savings by about Rs 7333 per month to meet your goal.
3. Investment Options - Given your short time frame, here are a few options to consider: - Hybrid or Balanced Mutual Funds: These funds invest in both stocks (equity) and bonds (debt), providing moderate growth with relatively lower risk than pure equity funds. While they might not double your savings in a year, they can give you better returns than a bank savings account. On average, you could expect returns of 8-10% per year. - Debt Mutual Funds: These are safer compared to equity mutual funds but offer lower returns, typically 6-8% per year. Debt funds might be a good option if you want to minimize risk, though they won't give huge returns in a short time. - Recurring Deposits (RDs): If you’re looking for safety and guaranteed returns, an RD in a bank might be a safer option, though the returns will be around 5-6%. This won’t help double your money, but it’s secure.
4. Doubling Your Money in a Year- While it’s tempting to look for ways to double your money quickly, it’s important to understand that high returns usually come with high risk. Investing in high-risk options like **stock trading** or **cryptocurrencies** could lead to losses, especially over such a short period.
Unfortunately, doubling your money in just over a year is not realistic without taking on significant risk. A better approach is to aim for stable growth and possibly adjust your bike budget or timeframe if necessary.
5. Action Plan - Start a SIP in a **balanced or hybrid mutual fund** with your monthly savings of Rs 1200-1500.
- Continue saving as much as possible to reach your target.
- Be cautious of high-risk investments, as they could hurt your savings in the short term.
So the Conclusion that by investing in SIPs and sticking to a disciplined savings plan, you should be able to get close to your goal. While doubling your money may not happen within a year, steady growth will help you build towards your dream bike.
If you need more personalized advice, consider speaking to a financial advisor to find the best funds for your situation.

Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

Ans: Hi Vaduka

Please click on the following link for your answer. (If link is not clickable, then copy and past the link in the browser)
https://gurus.rediff.com/question/qdtl/career/namaste-start-btech-computer-science-2024-batch-suggest-guide-how/5168105

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Ans: Date of possession will be considered as date of acquisition (May 24) so this will be short term capital gain taxable as per your slab rate.

Improvement & transfer expenses may be deducted from your capital gain(8L) but do consult a CA to ascertain exactly what is allowed as deductible as per IT laws.

Ans: I do not recommend dividend (IDCW) funds to fulfill need of regular payouts because their is no assurance about it.

If you invest this amount lumpsum in an equity fund with growth plan then your corpus after 30 years could grow to ~1 Cr. (~13% return considered).

Therefore I recommend you go with the growth fund.

Ans: Dear Saurabh, Working for start ups have both advantages and disadvantages . The one which you said is about disadvantages . Nevertheless , your 11 yrs experience will help . I suggest you to always look for an established house for stability.

Ans: Dear , Why don't you complete your MBA from a reputed college to get into corporate world. ? Present qualification may not satisfy your ambition .

Ans: Current monthly expenses of 2 Lac will become 4.8 Lac after 15 years considering inflation(6% considered)

You would need corpus of 15 Cr at 70 years which can provide you post tax(30% bracket) income of 4.8L.(Annuity rate of 5.5% considered).