3 Colleges, Which Is Best for CSE? Confused Student Seeks Help

Ans: Hello and thanks for writing to me.

I am assuming you are investing with a goal for long term wealth creation and are fine with the volatility associated with equity. In such a case, you can consider investing in 2 funds, a multicap fund and a flexicap fund. A multi cap fund will ensure you have exposure to companies across market capitalizations while a flexicap fund can move across market capitalizations.

Do note that I am recommending the fund type without any other information about your objective or risk appetite. If you give me other details, I may recommend other type of schemes.

Ans: Hoping you will retain this corpus of 38 L in equity funds it will grow upto 3.43 Cr 18 years here onwards, also your existing SIP of 35K will continue for next 18 years thereby leading to a corpus of 3.02 Cr.
Total corpus will be 3.43+3.02=6.45 Cr causing a gap of 1.55 Cr in your intended corpus of 8 Cr at the age of 60.

If you can fill up this gap in intended corpus through other resources like EPF then perfectly ok else you may have to top up sip of 35K with 7.5% every year or enhance the sip value to 55K now to comfortably reach your goal of 8 Cr by 60 years. (Returns are assumed at a modest rate of 13% from pure equity funds)

Also as you move closer to retirement after maybe 55-56 years, transfer gains in equity funds to liquid funds to protect it against market volatility.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

Happy Investing

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Ans: Yes Jyoti. However, keep upgrading your skills, recommended by your college faculties, to be competitive among other students for Campus Placement. All the BEST for Your Bright Future.

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Ans: The first best source to search for a suitable job is LINKEDIN. Fine-tune your LinkedIn Profile & also your Resume. Put Job Alerts in LinkedIn and keep applying for the vacancies, if they match your profile. Try to join some online Certification Courses. As far a Global Remote Jobs are concerned, you can try through LinkedIn or Indeed. However, please note, to be competent among other job seekers in India, you should keep upgrading your skills/certifications. Continue gaining work experience and pursuing online Certifications to boost your confidence. All the BEST for Your Bright Future.

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Ans: Hello,

To begin with, thank you for contacting us. I am happy to know that you have completed your Master of Commerce (M.Com) and possess 15 years of work experience. To answer your question first, I would like to tell you that given your vast experience, at 45, pursuing the US CPA is a wise decision, as it can improve your employment opportunities in accounting and finance to a great extent. I would like to tell you that the CPA credential is highly valued and can lead to senior positions and specialized possibilities. Bear in mind that age can be an asset that indicates maturity and in-depth sector knowledge, both of which employers value.

Pursuing a Master's in Accounting and Analytics in the US is a feasible choice if you wish to expand your knowledge and acquire abilities in high-demand areas. A number of professionals seamlessly shift to academic programs later in their careers, and STEM-designated programs provide excellent employment opportunities in the United States. For this reason, moving to the USA can be beneficial as long as you are prepared for the personal and financial investment that would be required.

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Ans: Pravin Sir, as far as OCI status is concerned, please note (reproduced here the 'State of Eligibility' given on Page No.21 of JEE Information Bulletin 2024), "The State Code of Eligibility for OCI passing the class 12 (or equivalent) examination in India is at part with Indian Nationals. However, OCI passing the class 12 (or equivalent) examination from an institution abroad are eligible for other State Quota Seats or All India Quota Seats (but NOT for Home State Quota Seats) in all NITs, IIITs & Other CFTIs". As far as NRI status is concerned, your son should have completed his 12th from abroad only. And he will be considered as a 'General Category' applicant only. All the BEST for Your Son's Bright Future.

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Ans: 1. First and foremost you must put aside 6-8 months of regular expense coverage into à liquid mutual fund. After doing this if you have some lumpsum left then you should invest it in NPS or equity savings fund (moderately high risk) depending on your financial goal priority viz retirement (NPS) or some other. If your time horizon is 10 years+ even for goals other then retirement, then you may think about investing in pure equity fund but that will have very high risk.

2. You are supposed to pay you income tax liability for financial year during the same year through Advance tax, TDS and also self income tax payment by 31st March. After that you have to furnish complete record of your entire income during previous FY to the tax authorities with exemptions, deductions if any vide IT returns before 31st July. After doing this exercise you assess how much tax you paid during the previous FY and how much tax you actually were liable to pay. If the difference is positive amount then income tax department will issue a refund with interest. Also if difference is negative the you have to pay the difference amount with interest to the income tax department. So return filing is basically comprehensive reconciliation statement of your previous FY income tax payments and additional tax overdue or refund if any.

3. NPS Returns given in the statements are based on inflows, gives the annualized effective compounded return rate in your account as per XIRR working. The calculation is done considering all the contributions/redemptions processed in your account since inception and the latest valuation of the investments. The transactions are sorted based on NAV date.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Happy Investing!!

Ans: Vanshika, Lot of options are there. Biomedical Sciences | Clinical Sciences | Life Sciences | Allied Sciences (like Pharmacy) | Nursing | Food Technology | Forensic Sciences | Agriculture, etc. All the BEST for Your Bright Future.

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Ans: Prefer CBIT Kiran. It is one of the NIRF Ranked Institutions. All the BEST for Your Bright Future.

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