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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on May 30, 2022

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Ajay Question by Ajay on May 30, 2022Hindi
Money

I have following monthly SIPs. Kindly advise should I continue in them:

DESCRIPTION Monthly SIP
IDFC Large Cap Fund Growth 5000.00
NPPON INDIA BALANCED ADVANTAGE FUND 5000.00
UTI Master share Unit scheme Regular Growth 5000.00
SBI Small Cap Fund regular Growth 5000.00
Kotak Standard Multicap Fund 1000.00
Mirae Asset Global Investment India pvt. Ltd 1000.00
Aditya Birla Sun Life Digital India Fund - Growth-Regular Plan 2000.00
Aditya Birla Sun Life Multi-Cap Fund Regular Growth 2000.00
Aditya Birla Sun Life Flexi Cap Fund - Growth-Regular Plan 2000.00
Aditya Birla Sun Life Equity Advantage Fund - Growth-Regular Plan 2000.00
Aditya Birla Sun Life Frontline Equity Fund -Growth-Regular Plan 2000.00
Canara Robeco 1000.00
Aditya Birla Sun Life Digital 1000.00
ICICI Prudential Technology 1000.00

Ans: Too many funds; consolidate it into 3-5 funds/schemes

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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SIP Details ongoing since last 4 years, should I continue with the same schemes or request your kind suggestion / advice. SIP amount of Rs.3000 per month in each of the MF. 1) Birla Sun Life Pure Value Fund - Growth 2) Canara Robeco Emerging Equities - Growth 3) DSP Black Rock Income Opportunities Fund - Growth 4) DSP Black Rock Small And Mid Cap Fund - Growth 5) Franklin India Prima Fund - Growth 6) Kotak Emerging Equity Scheme - Regular Plan - Growth 7) L&T Emerging Businesses Fund - Regular Plan - Growth 8) L&T India Value Fund - Regular Plan - Growth 9) SBI Magnum Midcap Fund - Growth 10) Sundaram Select Midcap – Growth
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Name of the Fund Category RankMF Star Rating Recommendations
Ramesh Koti      
1) Birla Sun Life Pure Value Fund – Growth Equity - Value Fund 1 switch to Axis ESG Fund  - Growth
2) Canara Robeco Emerging Equities – Growth Equity - Large & Mid Cap Fund 4 continue
3) DSP Black Rock Income Opportunities Fund - Growth (Dsp Credit Risk Fund - Regular Plan) Debt - Credit Risk Fund 2 Credit Risk funds to be avoided , instead Corporate Bond or Banking and PSU funds to be considered
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Sir, my daughter is going to finish her BA with Psychology Honours from Indraprastha College for Women, Delhi University. She has received an offer to pursue her MSC in Organizational Psychology from University of Manchester, UK. We would like to know more about the future prospects of this course and the employability. Also, we would like to know how different it is from an MBA in Human Resources?
Ans: Hello Rohit,

To begin with, thank you for contacting us. I am glad to hear that your daughter is going to complete her Bachelor of Arts (BA) with Psychology Honours and has received an offer to pursue her Master of Science (MSc) in Organizational Psychology from the University of Manchester in the UK. To answer your question first, I would like to tell you that your daughter will be offered a solid basis in understanding human behavior in the workplace as well as real-world abilities in fields viz., talent management, employee evaluation, and organizational development through pursuing a Master of Science in Organizational Psychology from the University of Manchester. Students pursuing this degree are provided with the information and skills required to tackle different difficulties that organizations encounter, viz., leadership effectiveness, employee motivation, and team dynamics.

Concerning your query regarding the future prospects and employability, I would like to tell you that with businesses recognizing the significance of comprehending and maximizing their manpower, the demand for organizational psychology continues to rise. You would be glad to know that your daughter can choose from many different jobs including talent management, training and development, human resources, organizational consulting, and other positions with this degree. Remember that organizational pyschologists are respected for their ability to use psychological principles to enhance productivity in the workplace, employee satisfaction, and efficiency of the organization.

Next, coming to your query as to how this course is different from an MBA in Human Resources, I would like to let you know that an MSc in Organizational Psychology in comparison to an MBA in Human Resources generally places a greater emphasis on the psychological facets of the behavior and growth of organizations. Although topics associated with managing people within organizations is also covered in an MBA in Human Resources, it frequently adopts a more comprehensive corporate viewpoint encompassing fields viz., strategy, marketing, and finance.

I would like to tell you that your daughter's interests and professional objectives play a key role in deciding between an MSc in Organizational Psychology and an MBA in Human Resources. An MSc in Organizational Psychology would be a better choice if your daughter is interested in studying human behavior in the workplace and wishes to gain expertise in fields viz., leadership development, employee well-being, and organizational culture. On the contrary, if your daughter wants to acquire a deeper understanding of business management with a concentration on Human Resources (HR), and aspires to work in more general management positions within organizations, then an MBA in Human Resources may be an appropriate choice.

Remember that both paths can result in lucrative employment prospects. When making an informed choice, I would suggest that your daughter carefully takes into account her strengths, personal interests, and future professional objectives. Moreover, in order to acquire valuable information pertaining to the prospects following the completion of either degree, I would recommend that your daughter conducts a comprehensive study on particular labor markets as well as gets in touch with experts of both the domains.

For more information, you can visit our website.
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Dear Sushil, My daughter is 23 years old , finished her MBA from KIMS and got a job in Kirloskar Pune as a HR BP ( Management Trainee)in Jan 2024. Her results were good throughout. Topped 12 from Aditya, BSc Botany from Lady Brabourne kolkata ( 1st class first). Sir, we can't manage funds for going to abroad. Kindly guide us about her next step so that her career escalates. Sanchita
Ans: Hello Sanchita. Thank you for connecting with us. Congratulations to your daughter on her academic achievements and securing a position as an HR business partner (management trainee) at Kirloskar Pune. It is evident that she has a strong academic background, leading to promising career prospects ahead. It is understandable that there are financial constraints at the moment. Furthermore, let me tell you that there are educational loans that would be available for your daughter’s education abroad. Given your daughter’s excellent academic background, she can be eligible for scholarships and financial aid, either fully or partially. This would help your daughter manage her finances well abroad.There are some universities that come with financial aid packages like grants, loans, and work opportunities. This is specially designed to cover tuition fees, living expenses, etc. In addition to this, there are work opportunities as well, which would also be a good option for your daughter. By carefully planning and prioritising expenses, financial challenges won’t be an issue.

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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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