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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Feb 18, 2022

Mutual Fund Expert... more
Ram Question by Ram on Feb 18, 2022Hindi
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Please suggest the following for my daughter who has just started working and she has good amount of savings from her one year work.

1. Mutual funds for long term through SIP.

Ans:

Samco Flexi Cap fund – Growth

UTI Flexi Cap Fund - Growth

2. Debt funds with better returns than Bank FD.

Omkeshwar Singh

  • HDFC Short Term Debt fund – Growth
  • Nippon India Short Term Fund-growth Plan - Growth Option
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  |1728 Answers  |Ask -

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My daughter now 20 year old i want to start sip 25 k p.m. for 25 years please suggest best fund for best return in long term
Ans: When selecting mutual funds for your daughter's SIP investment of 25k per month for 25 years, it's essential to consider various factors to maximize returns over the long term:

Investment Horizon: Since you have a 25-year investment horizon, you can afford to take higher risks and invest in equity-oriented funds that have the potential to deliver superior returns over the long term.

Diversification: Opt for well-diversified equity funds that invest across different sectors and market capitalizations to spread risk. Diversification helps mitigate the impact of volatility and specific sectoral risks.

Fund Performance: Evaluate the historical performance of mutual funds by analyzing their long-term returns relative to their benchmark indices and peers. Choose funds with a consistent track record of outperformance across market cycles.

Fund Manager Expertise: Assess the expertise and experience of the fund managers managing the schemes. A skilled and experienced fund management team is crucial for making informed investment decisions and navigating market volatility effectively.

Expense Ratio: Consider the expense ratio of mutual funds, which directly impacts your overall returns. Lower expense ratio funds tend to provide better net returns to investors over the long term.

Risk Profile: Align the mutual fund selection with your daughter's risk tolerance and investment objectives. Since she is young and has a long investment horizon, you can consider investing in equity funds with a higher risk-return potential.

Regular Review: Periodically review the performance of the selected mutual funds and make necessary adjustments to the portfolio based on changing market conditions, fund performance, and investment goals.

By carefully considering these factors and selecting well-managed, diversified equity funds with a track record of consistent performance, you can potentially maximize returns and achieve your long-term investment objectives for your daughter's future financial goals. It's advisable to consult with a financial advisor to tailor the investment strategy to your specific requirements and risk appetite.

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Shekhar

Shekhar Kumar  |121 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 2024

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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.

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