Sir my son have completed BMS from St Xaviers , he appeared for CAT but could not qualify and have joined Job with an Insurance company and as per his verdict experience will count in CAT during admission. Please guide in this matter Regards Manoj Goel- Father

Ans: Sampath Sir, Prefer NIT-T-CSE. All the BEST for Your Son's Bright Future.

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Ans: Reshav, Prefer CU-CSE. Getting Engineering Stream will be difficult with BITS. Have VIT-V-Civil as last option. All the BEST for Your Bright Future.

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Ans: Kamran, prefer IPU-GTBIT-CS-DS, followed by SRM-KTR-CSE. All the BEST for Your Bright Future.

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Ans: Additional Degree of IIT-Guwahati BSC-AI&DS Means? What about the Total Duration of the Course You Will Join in CUMMINIS (EnTC + BSc)? Total Number of Semesters for Both? Which This Combination Started by Cummins? What about the Placements? Please clarify.

Ans: Please note, (1) The goal of CSBS programs is to provide students with a strong foundation in both technical and business skills, preparing them for careers that require a combination of technical expertise and business acumen. (2) Graduates of CSBS programs may pursue careers in areas such as technology consulting, project management, entrepreneurship, or positions that require a blend of technical and business skills. If interested in this Curriculum, this should be the first option, followed by MSRIT (CSE-Cyber) & then UVCE-CSE-Core. All the BEST for Your Bright Future.

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Ans: If you are eligible for particular exemption and if same is not considered by employer on non-submission of documents, you can consider it while filing ITR. However, due to mismatch in Form 16 and ITR, income tax department may issue notice and verify correctness of the same.

Ans: For a target of Rs 4 Crore in the next 20 years, you need to invest about Rs 30-38,000 monthly assuming average returns of 10-12% per annum and that you will be able to increase your monthly investments by at least 5% each year in line with income/salary growth.

So given that you are investing about Rs 2500 in mutual funds each month right now, you will have to significantly increase this monthly contribution amount if you want to reach your target corpus.

We don't have information about your risk appetite. But assuming that it is at least moderately aggressive, then, you can start investing in a combination of largecap index funds, flexicap/large&midcap funds, midcap funds, etc.

Thanks
Dev Ashish,
SEBI Registered Investment Advisor (Fee-Only RIA)
Founder, StableInvestor.com
Twitter (@Stableinvestor)

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. The views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

Ans: For a target of Rs 25 lakh in the next 5 years, you need to invest about Rs 25-31,000 monthly assuming average returns of 10-12% per annum.

Right now you are doing Rs 15,000 monthly across 5 funds (with 3K SIP). So unless the returns generated by your funds are a lot more than that, it will be difficult to reach the target amount.

So you should try and invest as close as possible to the calculated amount of Rs 25-31,000 monthly. And assuming a reasonable salary growth and controlled expenses, you should try to increase the monthly investments each year in line with your income growth.

Thanks
Dev Ashish,
SEBI Registered Investment Advisor (Fee-Only RIA)
Founder, StableInvestor.com
Twitter (@Stableinvestor)

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. The views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

Ans: Dear Anonymous,

I don't think I have to tell you that what your ex-partner is planning is exceptionally wrong. Wrong to his new wife, wrong to you. The only one gaining from this situation is him. He gets to keep his parents' wishes and his own. But that is not how life works, does it? I hope you understand that accepting his proposition would make you an accomplice to this terrible plan. I hope you make the right choice and trust me, there is only one right choice here. And where there is such an easy distinction between right and wrong, there is no excuse to make the wrong choice.

Best Wishes.