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Aashish Sood  | Answer  |Ask -

CAT, Management Expert - Answered on Jul 29, 2023

Aashish Sood is an IIM-Lucknow alumnus who has been teaching maths and quantitative aptitude to MBA aspirants for over a decade.
He also mentors management student hopefuls for the group discussion and personal interview rounds that follow competitive examinations.
He has appeared for CAT seven times since 2016 and scored in the 99.9 percentile.
Sood has 16 years of work experience as a management consultant, strategy consultant and research associate.... more
Asked by Anonymous - Jul 28, 2023Hindi
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Career

My son is now in Class XII Commerce in a CBSE school. He has an ambition of doing MBA from a good Management School. He got 90% in class X of CBSE. Please advise, from career perspective, if he should pursue for B Com or BBA course after his completing the Class XII exam . Please advise the Entrance tests he should pursue to get admission into Institute of repute for the courses , i.e. B COM and BBA. Regards.

Ans: Choosing between B.Com and BBA depends on your son's interests and long-term career goals. Both courses can lead to a successful career in business and management, but they have different approaches and specializations.

B.Com is a more traditional and broader course that focuses on various aspects of commerce and finance. It covers subjects like accounting, economics, taxation, finance, marketing, and business law. It provides a strong foundation in accounting and finance, making it suitable for those interested in pursuing careers in fields like chartered accountancy, banking, finance, or tax consultancy.

BBA is a management-oriented course that focuses on the principles and practices of business management. It covers subjects like marketing, human resources, operations management, organizational behavior, and entrepreneurship.

If your son is specifically interested in management and wants to develop a deeper understanding of management principles right from the undergraduate level, BBA could be a better choice.

As for entrance tests for reputable institutes, here are some of the common entrance exams for BBA/MBA courses:
1. Common Entrance Test (CET): Many states in India conduct their own CET for admission to BBA/MBA programs in state universities and colleges.
2. All India Management Association Undergraduate Aptitude Test (AIMA UGAT): This exam is for admission to various undergraduate programs like BBA, BCA, Integrated MBA, etc.
3. Symbiosis Entrance Test (SET): Conducted by Symbiosis International University, SET is the entrance test for various undergraduate programs, including BBA.
4. Indraprastha University Common Entrance Test (IPU CET): Conducted by Guru Gobind Singh Indraprastha University, this exam is for admission to various undergraduate courses, including BBA.
5. Xavier Aptitude Test (XAT): For admission to Xavier University's BBA program.
6. CUET (Ofcourse)
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Insurance, Stocks, MF, PF Expert - Answered on Jan 27, 2025

Asked by Anonymous - Jan 27, 2025Hindi
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Money
I’m 45 and planning to retire in next 3 months. I have an overall savings of 3.3 ( FD, PF, Savings, Shares) gold - 20L plus 5L Silver. Home loan every month 61k, Car loan 39k, house rent 21k and 55k home expenses. Thinking to start my training business from home, can fetch 30k to 1L per month if done correctly. Planning to close my home loan (67L) full or partial (50L) and sell car or close partially loan (10L), outstanding is 15.5L. I have a daughter completing her 10th and took admission in 11th grade. Her annual college fees is 1.2L. We are moving in May to our own flat and have 3 shops in a slightly prime location (Chennai) however we can enjoy after 6 to 7 years. It is fetching today 35k (overall). Health insurance of 10L. After moving to new flat expected expenses per month - house expenses- 30k, Maintenance- 7k, my expenses - 25k, other exp- 10k to 15k.
Ans: Hello;

You must close you home loan(67 L) and car loan(15.5 L) in full from 3.3 Cr of overall savings.

That will leave you with a net savings of 2.475 Cr.

Keep 7.5 L as emergency fund in your saving account.

Keep 20 L in a liquid fund meant for your daughter's higher education. Gold(20 L) and Silver(5 L) holding may be used here if required.

Now your net savings is around 2.2 Cr. Buy an immediate annuity for this sum from an insurance company. Assuming 6% annuity rate you may expect a monthly income of 1 L post tax.

This will cover all your expenses at new residence and still leave something more in hand, which may reinvested in hybrid mutual funds to boost annuity income after 10 years.

All the best for your new venture.

Happy Investing;
X: @mars_invest

...Read more

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Milind Vadjikar  |926 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Jan 27, 2025

Asked by Anonymous - Jan 27, 2025Hindi
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Money
Hello Respected sir, I have an old land worth 2 crore which I am planning to sell.Original sale deed is of Rs 1 lakh Can you please help me: 1. How much tax have to pay? 2. Where should I invest rest for max return? 3. Currently living on rent but planning to buy 2 flats around 50 lacks each. I will stay in one and the second one will sell. Is this correct? 4. My current income is 2 lakh a month and I have kid only. Investments already in PPF monthly 10K, Sukanya Yojna monthly 20K rest expenses 60K monthly. I am a 44 year old married. My Goal is to have: 25 Lakhs for Education in next 7 yrs and Retirement income 1Lakh a month.
Ans: Hello;

1. You have 2 options of long term capital gain tax working because you have old land.
a.200-1=199 Lakhs on this a tax of 12.5% i.e.24.875 Lakhs
b.200-x=xyz Lakhs on this a tax of 20%
Where "x" is the inflation indexed cost of acquisition
You may consult a CA for calculating "x" for you and also recommending ways in which you can avoid payment of this tax based on provisions of income tax act.

If you can save on entire tax payment by reinvesting the capital gain from land sale into real estate then it makes sense to invest in real estate. You may rent out part of your real estate to earn rental income.

You may do a monthly sip of `90 K in an equity savings type mutual fund with low to moderate risk for 7 years.

It may grow into a sum of 1 Cr after 7 years assuming modest return of 9%. It may be utilised to fund higher education of your kid and partially funding your retirement income in addition to rental income.

Best Wishes;
X: @mars_invest

...Read more

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