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Should I choose CSE at NIT Nagpur or Civil at NIT Srinagar?

Mayank

Mayank Chandel  |2290 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jul 05, 2024

Mayank Chandel has over 18 years of experience coaching and training students for various exams like IIT-JEE, NEET-UG, SAT, CLAT, CA and CS.
Besides coaching students for entrance exams, he also guides Class 10 and 12 students about career options in engineering, medicine and the vocational sciences.
His interest in coaching students led him to launch the firm, CareerStreets.
Chandel holds an engineering degree in electronics from Nagpur University.... more
Satyajit Question by Satyajit on Jul 05, 2024Hindi
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Cse in Nit nagpur or civil in Nit srinagar

Ans: NIT Nagpur is a better choice, you can get civil here also.
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Janak

Janak Patel  |35 Answers  |Ask -

MF, PF Expert - Answered on May 20, 2025

I am 63 yrs rerured from lic getting pension of 55000 and mly annuity payment of 18000.i have 90 lacs in mutual funds 1crore 10 oacs in annuities and 25 lacs in deposits bajaj postvoffice sriram etc.i have a house in my name of 1 crore. I have a son aged 34 no job health problems from childhood i have invested in his name 60 lacs ie 20clacs in mutual funds joint name post office sriram bank deposits and lic single plans and regular plans my mly expenses are 35000 and i onvest 45000 in sip lic premiums and mutual funds. I get qly hly and yly annuity paymebts also.is my portfolio ok
Ans: Hi Saras,

Firstly sorry to hear about your son's health. I can only hope and pray that the situation improves.

As you have retired and your monthly expenses of 35000 is well within the income you are receiving and at the same time you have ongoing investments of 45000 monthly, your accumulations are growing.

So as far as you are concerned it seems like you will be adding to the corpus you already have. But with inflation your monthly expenses will increase and also more importantly your medical expenses will rise. So this becomes important to be managed with your corpus.

It is important to assess the portfolio from 3 perspectives - liquidity, stability and growth.
Liquidity is important to cover any unexpected or unplanned event requiring money immediately or with a short span of time.
Stability is important to weather market conditions and provide security for continuous and steady cashflow.
Growth is also important as you are looking at a long time to live on the money you have accumulated/invested and overcome inflation value.

As you have a mix of FD, Post office schemes, Insurance plans and Mutual funds, it is important to evaluate the portfolio from the above perspectives and realign it for your requirement for future.

Insurance plans (assuming they are insurance + investment product) can be good option when you are working/earning, but once you have retired, they may not be ideal option for investments. So the Insurance plans need to be reviewed and then decided on. If you have taken them many years ago and they are nearing maturity then, wait and collect maturity benefits. If they are more recently purchased and their maturity will be after a very long period, then they won't be ideal for you.

FD's, PO schemes and Mutual funds are a good combination. Overall the corpus with investments and incomes seen seem to be fine but a detailed analysis is required.

I would suggest you contact a CFP/Financial advisor who will guide you. Choose a fee based advisor who is not pushing any products.

Thanks & Regards
Janak Patel
Certified Financial Planner.

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