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विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं

IIT Delhi Civil vs. IIT Roorkee Mechanical: Which is Best for My Son?

Aasif Ahmed Khan

Aasif Ahmed Khan   |168 Answers  |Ask -

Tech Career Expert - Answered on Aug 06, 2024

Aasif is a mechanical engineer with 16 years of experience, specialising in maintenance, troubleshooting, planning, training and creating documents. He currently works as a manager at Rashtriya Chemical and Fertilizers Ltd in Mumbai.
Aasif is passionate about guiding students and aspiring engineers as they aim to choose the right educational paths, including courses and colleges.
He holds a bachelor's degree in mechanical engineering from the Indore Institute of Science & Technology in Indore and is currently pursuing a master's degree in thermal and fluid engineering at the Indian Institute of Technology, Mumbai.... more
Asked by Anonymous - Jul 15, 2024English
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सर, मेरा बेटा आईआईटी दिल्ली में सिविल इंजीनियरिंग और आईआईटी रुड़की में मैकेनिकल इंजीनियरिंग कर रहा है, जो कि सबसे अच्छी बात है।

Ans: उसे पाठ्यक्रम, कैंपस जीवन और कैरियर की संभावनाओं का पता लगाने के लिए प्रोत्साहित करें ताकि वह एक सूचित निर्णय ले सके, "सबसे अच्छा" विकल्प आपके बेटे की रुचियों, आकांक्षाओं और व्यक्तिगत प्राथमिकताओं पर निर्भर करता है, और दोनों शाखाओं के प्लेसमेंट के आँकड़े देखें।

यदि आपका बेटा सिविल इंजीनियरिंग के बारे में भावुक है, तो इस क्षेत्र में आईआईटी रुड़की की विरासत और विशेषज्ञता आकर्षक हो सकती है।
जबकि दूसरी ओर मैकेनिकल इंजीनियरिंग ऑटोमोटिव, एयरोस्पेस और विनिर्माण उद्योगों सहित विविध कैरियर पथ प्रदान करता है।
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आप नीचे ऐसेही प्रश्न और उत्तर देखना पसंद कर सकते हैं

Nayagam P

Nayagam P P  |4986 Answers  |Ask -

Career Counsellor - Answered on Jun 21, 2024

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मेरे बेटे को आईआईटी धनबाद से सीएसई और आईआईटी मद्रास से मैकेनिकल इंजीनियरिंग में क्या करना चाहिए?
Ans: संदीप सर, आपके बेटे की दिलचस्पी CSE में है या मैकेनिकल में? उसे स्ट्रीम से ज़्यादा संस्थान पसंद है? अगर उसे स्ट्रीम से ज़्यादा संस्थान पसंद है और बाद में वह कोर कंपनियों की बजाय नौकरी के लिए दूसरे विषयों (जैसे IT कंपनियाँ आदि) में जा सकता है और अगर वह कहता है कि उसे मैकेनिकल पर भरोसा है, तो वह मैकेनिकल के लिए IIT-M जा सकता है। मेरा सुझाव (यह तय करना उसके ऊपर है) (1) IIT-M-मैकेनिकल (2) IIT-D-CSE। आपके बेटे के उज्ज्वल भविष्य के लिए शुभकामनाएँ।

‘ करियर | शिक्षा | नौकरी’ के बारे में अधिक जानने के लिए, कृपया यहाँ RediffGURU में मुझसे पूछें / मुझे फ़ॉलो करें।

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नवीनतम प्रश्न
Ramalingam

Ramalingam Kalirajan  |8503 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 24, 2025

Money
Hello sir, I have total mutual funds of around 40 lacs. Active Sips are Nippon India Small Cap - 8K/M, Kotak Mid Cap Fund - 6k/M, Canara Robecco Bluechip fund - 5k/M and ICICI Prudential nifty 250 small cap index fund - 6k/M. Also I have ICICI Prudential Value Discovery fund - which has grown from 1.7 to 4.2 lacs and DSP ELSS Tax Saver fund grown from 3.4 to 7.2 lacs. I want to redeem the amounts from ICICI Prudential Value Discovery fund and DSP ELSS tax saver fund and invest somewhere else as they have given return more than 150%. I am looking for duration of next 5 years and corpus amount of 1 cr. However my banker from HDFC securities are pushing me to invest in HDFC Life click to invest ULIP's which comes with lock in period. And I don't want a product with lock in period as I already have PPF and LIC as well. Could you please suggest if I should hold these funds or any change is required?
Ans: Your disciplined approach to investing, especially in mutual funds, is commendable. With a current corpus of Rs. 40 lakhs and a goal to reach Rs. 1 crore in the next 5 years, it's crucial to evaluate your existing investments and potential changes carefully. Let's delve into a comprehensive analysis to guide your financial journey.

1. Evaluating Your Current Portfolio
a. ICICI Prudential Value Discovery Fund

This fund has shown significant growth, moving from Rs. 1.7 lakhs to Rs. 4.2 lakhs.

It primarily invests in large-cap stocks, offering stability and consistent returns

Given its performance, it aligns well with long-term investment goals.

b. DSP ELSS Tax Saver Fund

This fund has also performed admirably, growing from Rs. 3.4 lakhs to Rs. 7.2 lakhs.

As an ELSS, it offers tax benefits under Section 80C but comes with a 3-year lock-in period.

Its consistent performance makes it a valuable component of your portfolio.

c. Active SIPs

Your ongoing SIPs in small-cap, mid-cap, and blue-chip funds provide a diversified exposure to the equity market.

This diversification is beneficial for balancing risk and returns.

2. Assessing the Proposal for HDFC Life Click 2 Invest ULIP
ULIPs combine insurance and investment, often leading to higher charges and complexities.

HDFC Life Click 2 Invest ULIP has a mandatory lock-in period of 5 years, restricting liquidity.

Given your existing commitments to PPF and LIC, adding another locked-in product may not be ideal.

ULIPs often have higher costs compared to mutual funds, which can erode returns.

3. Recommendations for Portfolio Adjustment
a. Retain High-Performing Funds

Both ICICI Prudential Value Discovery Fund and DSP ELSS Tax Saver Fund have demonstrated strong performance.

Consider retaining these funds to continue benefiting from their growth potential.

b. Rebalance Portfolio for Goal Alignment

Evaluate the proportion of investments across different fund categories.

Ensure that your portfolio aligns with your risk tolerance and the 5-year investment horizon.

c. Avoid Additional Lock-In Products

Given your preference for liquidity and existing locked-in investments, refrain from adding products like ULIPs.

Focus on investments that offer flexibility and align with your financial goals.

4. Tax Considerations
Long-term capital gains (LTCG) on equity mutual funds above Rs. 1.25 lakh are taxed at 12.5%.

Plan redemptions strategically to minimize tax liabilities.

Consider spreading out redemptions over multiple financial years if necessary.

5. Monitoring and Review
Regularly review your portfolio to ensure it remains aligned with your financial objectives.

Stay informed about market trends and fund performance.

Consult with a Certified Financial Planner periodically for personalized advice.

Finally
Your current investment strategy has yielded impressive results. By maintaining a diversified portfolio, avoiding high-cost products with lock-in periods, and staying informed, you are well-positioned to achieve your goal of accumulating Rs. 1 crore in the next 5 years. Continue to monitor your investments and make informed decisions to ensure continued financial growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |8503 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 24, 2025

Asked by Anonymous - May 24, 2025
Money
Dear Sir, I am 33 years old and have an 8-month-old child. I am planning to retire at the age of 45. My current salary is 1.2 lakh per month, and I have no savings so far. Could you please suggest a financial plan for me?
Ans: You are 33 years old, have an 8-month-old child, and plan to retire at 45. You are earning Rs. 1.2 lakh per month and currently have no savings. Your goal is bold and needs a clear and disciplined strategy. Let’s build a financial plan that works for you.

As a Certified Financial Planner, I will break it down into clear sections. This approach gives you 360-degree clarity.

Understand and Acknowledge Current Reality

You have 12 years to build your retirement corpus.

With zero savings now, early retirement at 45 needs focused execution.

Having a young child increases responsibility and expense going forward.

Right now, income is your only strength. Use it wisely and strategically.

Build a Solid Budgeting Structure

Start by tracking every rupee spent each month.

List all fixed expenses like rent, EMIs, fees, groceries, and transport.

Identify unnecessary spends like subscriptions, eating out, and gadgets.

Create a monthly budget with at least 35% for savings and investments.

Keep lifestyle inflation under check to maintain a healthy saving rate.

Create an Emergency Fund First

Emergency fund is the first step before investing.

Save at least 6 months of expenses in a separate liquid account.

Do not invest this money in risky options like shares or mutual funds.

Keep this fund in a mix of savings account and short-term liquid instruments.

Use it only for real emergencies like medical, job loss, or accidents.

Start Insurance Protection Immediately

You must protect your family from financial shocks.

You need term insurance of at least 15 times your yearly income.

Since you are the only earner, take Rs. 1.5 crore to Rs. 2 crore coverage.

Keep it separate from investment. Only pure term plans are required.

Take health insurance for yourself, spouse and child immediately.

Save for Retirement Before Other Goals

Retirement is your first priority as you have only 12 years left.

Save minimum 40% of your monthly income towards retirement corpus.

As your income grows, increase savings too without increasing expenses.

SIP (Systematic Investment Plan) in mutual funds is a powerful tool.

Begin SIP with even Rs. 15,000 per month and increase every 6 months.

Choose the Right Mutual Fund Strategy

Do not go for index funds. They are passive and follow the market blindly.

Index funds lack flexibility in falling markets and offer limited downside protection.

Prefer actively managed mutual funds. They can beat inflation better.

Invest in mutual funds through a Certified Financial Planner or MFD.

Do not choose direct mutual funds. You miss personalised guidance.

Children’s Education Planning is Secondary Now

Your child’s education will need funding in 15–18 years.

Right now, retirement is urgent. Prioritise it over child education.

Later, when retirement plan is on track, start SIPs for education.

Use goal-based investing. Tag your SIPs for each specific goal.

Avoid Any ULIP, Traditional or Combo Policies

Do not mix insurance and investments.

ULIPs, endowments and money-back plans give poor returns.

If someone sells such policy, ask if it beats inflation after tax and costs.

Avoid plans with lock-ins, poor liquidity and complex bonus structures.

Don’t Rely on Real Estate for Retirement

Real estate needs huge money, offers poor liquidity.

Selling property quickly is tough when you need urgent cash.

Rental yield is low and maintenance costs are high.

For retirement income, mutual fund SWP works better than real estate rent.

Use Step-Up SIP for Growing Contributions

Increase your SIP amount every year with income growth.

Even a 10% rise annually makes a big difference in final corpus.

This creates wealth without impacting current lifestyle too much.

Review Your Plan Every Year

Life situations and income levels change each year.

Set a fixed date every year to review your goals and investments.

Use this review to make changes if needed.

A Certified Financial Planner will guide you in reviewing goals and SIPs.

Plan Tax Smartly

Tax saving is important but should not be the goal of investment.

Don’t choose PPF or endowment just for tax benefit.

Use ELSS mutual funds. They give tax benefits and also create wealth.

Plan taxes using smart instruments. Avoid investing only to save tax.

Control Lifestyle Inflation

As salary grows, we spend more on lifestyle.

This kills the chance to save more. Stop lifestyle creep.

Keep basic comforts but avoid social comparison spending.

Budget extra income into investment before lifestyle upgrades.

Focus on One Goal at a Time

Don’t try to save for too many goals together.

You have 12 years. Use first 6–8 years only for retirement.

After building base corpus, plan for other goals like house or education.

Have a Clear Exit Strategy

Your retirement corpus should give income after age 45.

Don’t keep money idle. Use a withdrawal plan like SWP (Systematic Withdrawal Plan).

Use mix of debt and equity funds to protect principal and give income.

Plan it with professional help to reduce tax and risk.

Mind Your Taxes When You Withdraw

After retirement, mutual fund withdrawals will be taxed.

Equity mutual funds: LTCG above Rs. 1.25 lakh taxed at 12.5%.

STCG on equity taxed at 20%.

Debt mutual fund gains taxed as per income slab.

Plan withdrawal smartly to reduce tax burden post-retirement.

Avoid Personal Loans and EMIs

Stay away from loans for wants. Take loans only for needs.

EMIs reduce your saving ability and delay financial freedom.

If needed, build a sinking fund for upcoming expenses.

Don’t use credit cards or loans for vacation, shopping, or gadgets.

Build Financial Discipline Through Automation

Automate SIPs and savings through ECS.

Treat SIP like any other bill or EMI. Never skip it.

Auto transfers remove the temptation to spend first.

Keep a separate account only for investments.

Use Joint Planning with Spouse

If spouse earns, make her part of your plan.

Plan joint goals like child’s education and retirement.

Split SIPs and insurance between both for better tax benefits.

Teamwork in money management improves success chances.

Prepare a Will After Building Assets

As assets grow, protect your family with proper nomination and will.

Write a simple will after acquiring investment assets.

This avoids confusion and disputes among legal heirs.

A will ensures your money reaches the right people without delay.

Build Financial Literacy Bit by Bit

Read 1–2 good articles on personal finance every week.

Watch reliable financial channels only. Avoid noise from social media.

Don’t fall for hot tips, crypto hype or overnight wealth promises.

Basic financial knowledge helps you ask right questions to planners.

Finally

You are still young and time is with you.

Starting now with clarity and commitment is key.

You don’t need big amounts. You need regularity and discipline.

Stick to the plan. Track it. Adjust when needed.

Partner with a Certified Financial Planner to create a custom plan.

You can reach your retirement goal if you act today.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |8503 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 24, 2025

Asked by Anonymous - May 24, 2025
Money
Hi Sir, I am 35 years old with monthly salary of 1.4L.I have two kids one with 3years and other with 2years. I have a personal loan of 55k.It will complete by next year. I have LIC of 10000 per month for 15years.I have term insurance for 1Cr. I paid 3years need to pay 7 more years.And I am the sole bread winner with my father motyamd sister. This year my sister marriage is there.I don't have savings with me in addition I am unable to save one rupee as other financial matters also I need to take care. I have 13 cents of land with 1cent costs 3L rupees.We are giving 4cents for dowry.For marriage related cost I want to take again personal loan.can you please suggest on this?
Ans: You are doing your best in a tough position. Managing two kids, supporting family, and handling loans with no savings is not easy.

Your sense of responsibility is clear and commendable. Let us now explore your situation with care and clarity.

Current Income and Expense Structure
Monthly salary of Rs. 1.4 lakh is your only income.

Rs. 55,000 EMI towards personal loan takes a large share.

LIC premium of Rs. 10,000 adds pressure on your budget.

Term insurance is good and must be continued.

Daily household expenses, family needs, and kid's expenses further strain your income.

Sister’s marriage adds a large one-time financial need.

Land worth Rs. 39 lakhs (13 cents × Rs. 3 lakh) is a strong asset.

Immediate Family Responsibilities
You are the only earning member. This adds emotional and financial load.

You are managing your father, mother, sister, and two small children.

Your sister’s marriage is important. But your long-term security matters too.

You are planning to give 4 cents of land as dowry. This is a thoughtful move. But this also reduces your total property holding to 9 cents.

Loan Planning for Sister’s Marriage
Taking a new personal loan for marriage can be risky.

You already pay Rs. 55,000 as EMI. Adding more will reduce breathing space.

Your total EMI burden could cross 65-70% of your salary. That is unsafe.

Consider using part land sale if possible for marriage costs.

Instead of gifting land as dowry, you can offer money from land sale.

Selling 4 cents can give you Rs. 12 lakh. Use only what is needed now.

Avoid emotional overspending. Keep marriage costs within this land value.

LIC Policy Assessment
You pay Rs. 10,000 monthly. That is Rs. 1.2 lakh a year.

LIC plans offer low returns, mostly below inflation.

If it is a traditional endowment or money-back plan, returns are poor.

You already have term insurance. That gives full coverage at low cost.

Surrendering the LIC and redirecting the premium to mutual funds can help.

You can evaluate this with a Certified Financial Planner.

Steps to Create Financial Stability
1. Postpone Taking New Loan

Taking a new personal loan is not a good idea now.

First loan will end next year. That will free Rs. 55,000 monthly.

Use that free amount next year to save and plan for future needs.

Till then, try to manage marriage costs through land or other means.

2. Use Land Asset Wisely

You own 13 cents of land. Value is Rs. 39 lakh.

Instead of gifting land, sell a portion.

Keep marriage budget within 4 cents sale proceeds (Rs. 12 lakh).

Don’t sell full land now. Retain some for future children’s needs.

3. Secure Emergency Fund First

You don’t have any savings now. That is risky.

After your current loan ends, build 3 to 6 months expense buffer.

Start with a small goal like Rs. 1 lakh in a savings account.

This protects you from future financial shocks.

4. Start Mutual Fund Investments

After loan closure, start monthly SIP in mutual funds.

Begin with Rs. 5,000 monthly, and increase slowly.

Mutual funds give better long-term returns than LIC or FDs.

Use regular mutual funds through a Certified Financial Planner.

Regular funds have advisory support. Direct funds lack personal guidance.

Professional advice helps you avoid wrong funds and wrong timing.

5. Avoid Multiple Insurance Products

Don’t buy new insurance policies with investment link.

You already have term insurance. That is enough.

Avoid ULIPs and endowment plans. They mix insurance and investment poorly.

6. Provide for Children’s Future

Your kids are young. Start small SIPs for education goal.

Even Rs. 2,000 per month per child is good in the beginning.

Long term compounding will help with education costs after 15 years.

Don’t depend on real estate for children’s education.

Mutual fund-based education plans offer better flexibility and liquidity.

7. Manage Family Expectations

Speak with your family about your limitations.

Make it clear you are doing your best.

Share basic family budget with them if possible.

Setting realistic expectations avoids future stress.

8. Health Insurance is a Must

Check if your family has adequate health insurance.

Hospital bills can wipe out savings and force loans.

If you don’t have a family floater, consider it next year after loan ends.

Premium of Rs. 15,000 to Rs. 20,000 for Rs. 5 lakh coverage is manageable.

9. Use Next Year’s Cash Flow Smartly

Once your personal loan ends, you get Rs. 55,000 relief monthly.

Use Rs. 10,000 for SIPs, Rs. 5,000 for kids’ education fund.

Use Rs. 5,000 for health insurance premium.

Balance Rs. 35,000 can go towards emergency fund or house expenses.

This improves savings without changing current income.

10. Plan for Future Goals Slowly

Don’t try to do everything in one year.

Break goals into yearly steps.

First build emergency fund, then start investments.

Then prepare for children’s higher education and your retirement.

All goals need not start at once. Focus one by one.

11. Avoid High-Interest Debt

Personal loans have high interest. Avoid unless extremely necessary.

Use gold loan or land-backed loan only if cost is very low.

Else, restrict marriage budget within assets like land.

Credit card usage should be avoided for big expenses.

12. Review Your Financial Documents

Keep your term insurance nominee updated.

Ensure you have a basic will or family agreement for land.

Write down your monthly expenses and income.

This will help identify small savings areas.

Final Insights
You are under financial stress. But you are managing with strength.

Don’t rush to take new loans for emotional reasons.

Use land asset for immediate marriage needs wisely.

Once the current loan ends, build emergency fund.

Begin long-term SIPs in mutual funds.

Surrender LIC if it is non-performing and reinvest smartly.

Get help from a Certified Financial Planner to create a step-by-step plan.

Your future can be stronger with small consistent actions.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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