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Rohit

Rohit Gupta  | Answer  |Ask -

Edtech/Online Education Expert - Answered on Feb 07, 2024

Rohit Gupta is the co-founder and COO of College Vidya, a one-stop solution for making informed online education choices.
Rohit is a first-generation entrepreneur who currently leads the company’s marketing and operations department.
A TEDx speaker, he was honoured with the ET Leadership Excellence Award 2022 for his effort in helping shape the lives of over 90,000 students through his platform.
Rohit is passionate about the potential of online education and is on a mission to democratise access to quality education and career opportunities.
He completed his schooling from Scholars Home in Dehradun and holds a bachelor’s degree in commerce from Deshbandhu College, Delhi.
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Anath Question by Anath on Oct 31, 2023Hindi
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Hi,I am Anath Bandhu Gayen. I am 28 years old. My education qualification is higher secondary pass. I am working in a bank as a casual outsourcing staff (RBO-II,SBI Bank). I am learning English language. My income is 8000 rupees per month. I want to be rich what can I do?

Ans: Hello Anath, it's commendable that you're working hard and seeking ways to improve your situation. To increase your income and work towards financial prosperity, consider the following steps:

1. Education and Skills Development: Since you're already learning English, continue to invest in your education and skill development. Consider pursuing further education or vocational training programs that can enhance your qualifications and open up better job opportunities.

2. Career Advancement: Explore opportunities for career advancement within the banking sector. Work on gaining experience, acquiring new skills, and demonstrating your value to your employer. Seek promotions or apply for higher-paying positions within your organization or other banks.

3. Side Hustles and Additional Income Streams: Find ways to generate additional income outside your primary job. This could involve starting a small business, freelancing, or investing in income-generating assets such as stocks, real estate, or online businesses.

4. Financial Management: Practice sound financial management by wisely budgeting, saving, and investing. Learn about personal finance and wealth-building strategies to maximize earnings and long-term wealth.

5. Networking and Mentorship: Build relationships with successful individuals in your field or industry who can offer guidance, support, and mentorship. Networking can open doors to new opportunities and valuable connections.

Remember, achieving financial success takes time, dedication, and constancy. Stay focused on your goals, continue to learn and grow, and be proactive in pursuing opportunities for advancement and income growth.
Asked on - Feb 12, 2025 | Not Answered yet
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Ramalingam

Ramalingam Kalirajan  |9277 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 11, 2025

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Sir , i need financial advise I am from kashmir we are financially poor we are depends on agricultural sector but unfortunately my father dies and i became a alone man in my family. So can you tell me how. I can get out from this to become rich . I àm 18 yrs old student so i became depresed day by day for poor financial condition. And i want to become a rich so i took in 11th commerce stream that can give me a knowledge about business.
Ans: I appreciate your determination to improve your financial situation. At 18, you have time to build a strong foundation for your future. Below is a step-by-step guide to help you move toward financial stability and eventually achieve wealth.

1. Focus on Education and Skill Development
Since you are studying commerce, learn practical skills in finance, business, and entrepreneurship.
Improve your English, communication, and problem-solving skills.
Consider free online courses in business, marketing, and technology. Websites like YouTube, Udemy (free courses), and Coursera can help.
2. Choose a Career or Business Path
You have two main paths: Job (Career) or Business (Entrepreneurship).

A) Career Path – Get a Job and Earn First
After 12th, choose a degree that gives good job opportunities, like B.Com, BBA, CA, or digital marketing.
If college is expensive, learn job-oriented skills like coding, graphic design, video editing, or freelancing.
Work part-time while studying to gain experience and earn money.
B) Business Path – Start Small & Grow
Since you are from an agricultural background, you can start a small agribusiness like organic farming, dairy farming, or selling farm products online.
If you are interested in business, learn about dropshipping, affiliate marketing, or e-commerce (Amazon, Flipkart, etc.).
Start a side hustle, like reselling products, tutoring students, or working as a freelancer.
3. Earn and Save Money
Once you start earning, save at least 20-30% of your income.
Avoid spending on unnecessary things like expensive clothes, gadgets, or parties.
Keep an emergency fund for unexpected expenses.
4. Invest and Grow Your Wealth
Once you save some money, invest in mutual funds and stocks for long-term growth.
Start small and learn about investing before putting in large amounts.
Avoid scams and get-rich-quick schemes. Wealth takes time to build.
5. Stay Mentally Strong and Keep Learning
Tough times don’t last forever. Stay positive and work hard.
Read books about successful entrepreneurs and financial management.
Surround yourself with people who support and motivate you.
Final Thoughts
Focus on learning and developing practical skills.
Start earning through a job or business.
Save and invest wisely to grow wealth over time.
Stay patient and disciplined. Success takes time.
Your journey may be difficult, but with the right mindset and consistent effort, you can improve your financial situation.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

Ramalingam

Ramalingam Kalirajan  |9277 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 05, 2025

Asked by Anonymous - Jun 03, 2025
Money
I am a Bank My In hand salary after my Housing Loan Emi & Car Loan Emi is 60000. I am having an RD of Rs 10000 / month and SIP of 12000/ Month. Iam 36 years old. How can I create wealth
Ans: You are already taking disciplined steps. That shows your maturity. You are investing through RD and SIP. You also manage home and car EMIs. You are 36 now. It is a great age to build long-term wealth. With some adjustments, you can build a strong financial future.

Let’s look at your situation deeply and in detail. We will take a 360-degree view.

Present Financial Snapshot
Your in-hand income after all EMIs is Rs. 60,000.

You invest Rs. 10,000 in RD monthly.

You invest Rs. 12,000 in mutual fund SIP monthly.

You are 36 years old. That gives you over 20 years to invest.

Appreciate Your Current Habits
You are doing disciplined monthly saving.

You are not spending everything you earn.

You are investing regularly in SIPs. That builds good wealth.

RDs Are Safe but Low in Growth
RDs give fixed interest. They do not beat inflation in the long run.

You pay tax on the interest. That reduces your real return.

Too much RD may slow your wealth creation.

Keep RD only for short-term goals. Like insurance premium or school fees.

SIPs Are Powerful When Done Right
SIPs in mutual funds are growth-friendly.

They work best for long-term wealth building.

SIPs also manage market risk through cost averaging.

Avoid SIPs in index funds. Index funds do not adjust for market changes.

Index Funds vs Actively Managed Funds
Index funds are low cost. But they are unmanaged.

They do not change allocation in bad times.

They follow the market passively. No expert adjustments.

Actively managed funds are handled by trained professionals.

They can shift holdings if sectors fall.

For wealth creation, actively managed funds are better than index funds.

Direct Funds vs Regular Funds
Direct funds seem cheaper. But they miss personal help.

You do not get regular review or support.

You may not switch schemes on time.

Regular funds through a Certified Financial Planner help correct mistakes.

A CFP watches your goals and guides you in tough markets.

For long-term wealth, choose regular funds via a CFP-led distributor.

Debt vs Investment Balancing
You have housing and car loans. Both are EMIs you must honour.

Do not prepay home loan too early. Use that money for investment.

Prepay car loan only if interest is high. Else let it run.

Avoid taking more loans now. It adds pressure.

Reduce any credit card use. Pay in full each month.

How to Allocate Rs. 60,000 Wisely
You already invest Rs. 22,000.

Continue Rs. 12,000 SIP. That must stay intact.

Review your RD. Shift Rs. 5,000 from RD to mutual funds.

Keep remaining Rs. 5,000 of RD for short-term needs.

If possible, start a new SIP of Rs. 5,000 in a goal-based fund.

Emergency Fund Must Be Built Separately
Keep Rs. 1.5–2 lakhs for emergencies.

Use a sweep-in account or liquid fund.

This gives peace during job loss or health issues.

Don’t mix emergency funds with investment funds.

Risk Protection is Non-Negotiable
Buy a pure term insurance. Cover 10–15 times your income.

Do not mix investment and insurance.

Avoid endowment, ULIPs, or money-back policies.

If you already hold LIC or ULIP, assess their returns.

If poor, surrender them and shift to mutual fund investments.

Health Insurance is Essential
Don’t depend only on employer’s health plan.

Buy a family health cover of minimum Rs. 5 lakhs.

Add top-up health plan if budget permits.

Health insurance protects your wealth during illness.

Goal-Based Investment Planning
Create clear goals. House upgrade, children’s education, retirement.

Assign separate SIPs for each goal.

Long-term goals can take equity-based mutual funds.

Short-term goals must stay in debt funds or RDs.

Taxation Awareness is Needed
Equity mutual fund gains above Rs. 1.25 lakh are taxed at 12.5%.

Short-term equity gains are taxed at 20%.

Debt mutual fund gains are taxed as per your income tax slab.

Plan redemptions smartly to reduce tax burden.

Retirement Must Be a Priority
Start a separate SIP for retirement goal.

You have 24 years before age 60. That is a huge asset.

Compounding works best when time is long.

Review the retirement corpus every 3 years.

Keep Monitoring Your Progress
Review investments once in 6 months.

Discuss with a Certified Financial Planner for guidance.

Don’t change schemes due to short-term returns.

Stay focused on goals, not on markets.

Avoid These Common Mistakes
Don’t over-invest in RDs or fixed deposits.

Don’t skip SIPs during market falls. That is when wealth builds.

Don’t take advice from unqualified sources.

Don’t invest in insurance plans with returns.

Don’t delay term insurance or health insurance.

Use Your Bank Job Smartly
You understand financial products. Use that for goal planning.

But still seek expert help from a CFP for objective advice.

Don’t let product-selling pressure affect your personal portfolio.

Lifestyle Control Helps Savings
Increase SIP amount every year by 10–15%.

Avoid lifestyle inflation. Big car, expensive gadgets, unnecessary upgrades.

Save first. Spend later.

Finally
You are already 40% on the right path.

Shift RD money gradually to mutual fund SIPs.

Avoid direct funds. Use regular plans via a CFP-led advisor.

Avoid index funds. They don’t offer expert control in tough markets.

Separate your emergency fund from investments.

Keep increasing your SIPs with every increment.

Prioritise retirement. Secure your future first, before helping others.

Continue with patience and discipline.

Wealth creation is not about speed. It’s about staying consistent.

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

..Read more

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Nayagam P

Nayagam P P  |7547 Answers  |Ask -

Career Counsellor - Answered on Jun 30, 2025

Asked by Anonymous - Jun 30, 2025Hindi
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My brother secured 60.69 percentile in jee main and class 12 percentage between 50 and 60 in CBSE. Can you please recommend the private engineering colleges in mumbai , pune and delhi ( north india ).
Ans: With a 60.69 percentile in JEE Main and 50–60% in Class 12, several reputable private engineering colleges in Mumbai, Pune, and Delhi NCR offer accessible admission criteria, strong academic quality, and consistent placement pipelines. In Mumbai, consider Dwarkadas J. Sanghvi College of Engineering (NAAC A, NBA-accredited, 100% placement rate in 2024), K. J. Somaiya College of Engineering (AICTE-approved, AAAA+ accreditation), Vivekanand Education Society’s Institute of Technology (NBA, NAAC A+, 73.31% placements), Sardar Patel College of Engineering (NAAC A++, robust core engineering labs), and Atharva College of Engineering (modern infrastructure and industry MoUs). In Pune, Symbiosis Institute of Technology (NAAC A++, 91% placements 2023-24), MIT World Peace University (NIRF-ranked, AAAA accreditation), AIT Pune (NIRF 101-150, AAAA), Pimpri Chinchwad College of Engineering & Research (NBA-accredited, strong industry tie-ups), and Pune Institute of Computer Technology (NBA, AAAA+ accreditation) stand out. In Delhi NCR, Amity University Noida, Galgotias University Greater Noida, Jaypee Institute of Information Technology Noida, Manav Rachna University Faridabad, and Noida Institute of Engineering & Technology maintain NBA/NAAC accreditations, specialized labs, industry partnerships, and 70–90% placement rates. All these institutions boast qualified, research-active faculty; modern laboratories; industry-aligned curricula; accredited programs; and dedicated placement cells ensuring ≥70% placement consistency over the last three years.

Recommendation: Choose Dwarkadas J. Sanghvi College of Engineering or K. J. Somaiya in Mumbai, Symbiosis Institute of Technology or MIT WPU in Pune, and Amity University Noida or JIIT Noida in Delhi NCR for their balanced strengths across faculty quality, infrastructure, industry partnerships, accreditation, and consistent ≥70% placement rates. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7547 Answers  |Ask -

Career Counsellor - Answered on Jun 30, 2025

Asked by Anonymous - Jun 30, 2025Hindi
Career
Dear Sir, my daughter is in Grade 12 with computer science as one of her core subjects in addition to Maths, Phy, Chem. We see huge enrollment for CS in undergraduate level. What would be your recommendation as a futuristic specialisation Which is advised as part of the undergraduate program in computer science, noting that she is more interested in real field application side of it. She also has an inclination towards aerospace science. Can any specific blended undergraduate program with specific colleges be suggested/recommended which will open up grounds for specialisation having potential demand in the next 5 years. Or would it be still recommended to pursue general CS or CompEng with specific electives for undergraduate level and then specialise after In which case any recommendations for specific college programs which gives much practical exposure and options for specialisation in aerospace, robotics etc. Regards. Ashok.
Ans: Ashok Sir, India now offers pioneering blended undergraduate pathways merging computer science with aerospace or robotics, ensuring early specialization and practical field application readiness. The International Institute of Information Technology, Bangalore, pioneered a five-year Integrated M.Tech in Computer Science and Engineering, awarding dual B.Tech and M.Tech degrees with tailored electives in emerging CS domains, while VIT Vellore’s five-year Integrated M.Tech in Artificial Intelligence, Data Science and Bioinformatics combines foundational computing curricula with advanced research projects and internships in state-of-the-art labs. For aerospace aficionados, IIT Bombay and IIT Kanpur each provide five-year dual-degree programs granting B.Tech and M.Tech in Aerospace Engineering, covering aerodynamics, propulsion, avionics and spacecraft design with rigorous laboratory and project-based learning. Industry-driven specialized options include SRM Institute of Science and Technology’s B.Tech in Automation & Robotics integrating AI, machine learning, IoT and PLCs in advanced automation labs, and Manipal University Jaipur’s B.Tech in Robotics and Artificial Intelligence with drone technology and data analytics tracks. Unique interdisciplinary models such as the Institute of Aeronautics and Engineering, Bhopal’s Integrated B.Tech CSE + Aircraft Maintenance Engineering (DGCA) equip graduates for both software development and licensed aircraft maintenance roles. Alternatively, traditional Computer Science or Computer Engineering pathways at institutions like IIT Bombay or IIIT Hyderabad offer robust core curricula, flexible minor programs in aerospace or robotics, and immersive research centers fostering real-world projects in smart systems and aerospace data analytics, maintaining ≥90% placement rates and strong alumni networks.

Recommendation: For early domain depth and research, opt for five-year Integrated M.Tech CSE at IIIT Bangalore or VIT Vellore; for aerospace specialization, consider dual B.Tech/M.Tech at IIT Bombay or IIT Kanpur; for hands-on robotics and drone expertise, select SRM Kattankulathur or Manipal Jaipur robotics programs; if preferring broader CS foundations with elective flexibility before specializing, choose general CSE or CompEng at top institutes like IIT Bombay or IIIT Hyderabad with robust minor and lab offerings. All the BEST for Your Daughter's Prosperous Future!

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Asked on - Jun 30, 2025 | Answered on Jun 30, 2025
Thanks a lot Sir
Ans: Welcome.

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