Will my daughter get a seat in NIT or SPA with 92.4 percentile in JEE Architecture (OBC NCL)?

Ans: Here is, How to Predict Your Son's Chances of Admission into NIT or IIIT or GFTI After JEE Main/Advanced Results – A Step-by-Step Guide

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your son's admissions and a bright future!

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Ans: Prefer KIIT-B-CSE. All the best for your admissions and a bright future!

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Ans: At age 43, it’s good that you have started preparing. You have regular income, some mutual fund savings, and an emergency fund. You also have some insurance coverage. But you face a big medical cost ahead. Let’s plan how to prepare wisely.

Understanding Your Current Situation

You earn Rs. 90,000 every month.

You have Rs. 2 lakh in mutual funds.

You hold Rs. 5 lakh in an emergency fund.

You have a Rs. 10 lakh personal loan outstanding.

You may need a surgery costing Rs. 5 to 7 lakh next year.

You have a critical illness cover of Rs. 5 lakh.

Your Financial Strengths

You have a stable income.

You have already created a Rs. 5 lakh emergency fund.

You have Rs. 2 lakh in mutual funds.

You have a critical illness cover. This is very important now.

You are aware of the challenge ahead and want to prepare.

Key Challenges You Are Facing

A major health cost is coming up soon.

Your insurance may not fully cover the surgery.

You have a big personal loan of Rs. 10 lakh.

Your long-term financial plans could be affected.

You must manage surgery, loan, and future goals together.

Step-by-Step Financial Action Plan

Let us now go step-by-step to protect your future.

Step 1: Understand the Medical Cost Clearly

Confirm the estimated cost from a reliable hospital.

Ask for written cost estimates in advance.

Know what part insurance will cover.

Also ask about cashless facility or reimbursement.

Get clarity now. Don’t wait for emergency time.

Step 2: Check Your Insurance Policy in Detail

Review your Rs. 5 lakh critical illness cover.

Know exactly what conditions it covers.

Know when and how the payout happens.

Make sure the cover includes your expected surgery.

Inform the insurer in advance if possible.

Step 3: Prepare Your Emergency Fund for Surgery

You already have Rs. 5 lakh in emergency fund.

Keep this money fully liquid now.

Shift it to a savings account or short-term FD.

Don’t invest this in mutual funds now.

If insurance pays, refill this fund later.

Use this only if cost goes beyond cover.

Step 4: Handle Mutual Funds with Care

You have Rs. 2 lakh in mutual funds.

Do not redeem them now unless needed.

These are part of your long-term savings.

Try to preserve them for future goals.

Redeem only if surgery cost crosses Rs. 7 lakh.

Step 5: Personal Loan – Evaluate EMI Structure

Check your monthly EMI on the Rs. 10 lakh loan.

If EMI is above 30% of income, that is risky now.

Check if loan can be restructured or extended.

Ask bank if you can lower EMI or pause for few months.

But do not take fresh personal loan again.

Focus on surgery first. Then repay loan slowly.

Step 6: Create a One-Year Cash Flow Plan

Calculate all income and essential expenses.

Prioritise medical costs, loan EMI, and basic needs.

Remove all luxury and unnecessary spending.

Build monthly savings for next 10 to 12 months.

This ensures surgery cost is covered without panic.

Step 7: Avoid New Investments for Six Months

Don’t start any new SIP for now.

Don’t invest in new schemes until surgery is done.

Right now, liquidity and protection matter more.

Once recovery is complete, restart investments.

Step 8: Check Health Insurance for Hospitalisation

Critical illness gives lump sum.

But check if you also have regular health cover.

That helps with hospitalisation bills.

If not, plan to buy family floater health cover later.

Don’t buy now. Focus only on surgery first.

Step 9: Increase Income if Possible

Explore ways to earn extra for next one year.

Freelance, part-time or side income can help.

Even Rs. 10,000 extra monthly will ease the burden.

Use this to repay loan or refill emergency fund.

Step 10: Don’t Use Index or Direct Funds

Index funds don’t protect in falling markets.

You need capital safety now, not market matching.

Direct mutual funds give no advice or support.

At this stage, you need regular plans with CFP guidance.

A Certified Financial Planner will manage the risk better.

Emotional mistakes during stress can destroy long-term wealth.

Step 11: Once Surgery is Over, Rebuild Slowly

After recovery, start small SIP again.

Even Rs. 3,000 monthly is fine to begin with.

Increase step by step once cash flow improves.

Create clear goals and timelines with your CFP.

Rebuild emergency fund first, then long-term wealth.

Step 12: Emotional and Mental Preparation

Prepare yourself mentally for surgery and financial stress.

Stay calm and focused.

Discuss clearly with family members now.

Let them also help you manage cash flow.

Clarity reduces anxiety and helps better planning.

Step 13: Prepare for Documentation and Claims

Keep all your reports, bills, and prescriptions in one file.

This helps with insurance claim processing.

Also keep loan EMI statements and salary slips ready.

Maintain a checklist of things to do before surgery.

Step 14: Avoid Emotional Investments Now

Don’t buy gold or property in stress.

Don’t take insurance products that promise returns.

Don’t trust agents promising quick solutions.

Follow only clear, goal-based plans from your CFP.

Step 15: Your Long-Term Plans Are Still Safe

This one year will be tough, but not a disaster.

You are already cautious and aware.

You are not panicking. That is a big strength.

Once this surgery is behind you, new savings can start.

Long-term goals may get delayed, but not destroyed.

Finally

Focus all energy now on health and medical preparation.

Don’t take new risks or invest blindly.

Use your emergency fund and insurance smartly.

Don’t touch mutual fund unless it is absolutely needed.

Reduce expenses and plan EMI carefully.

After surgery, slowly get back to investing.

Follow disciplined steps under guidance of a CFP.

You have the right mindset. Your future can still be secure.

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

Ans: At age 38, with two young kids and a home loan, you are rightly thinking about planning for higher education abroad. It’s great that you’ve already started building assets like mutual funds and fixed deposits. Let’s now work together on how to balance your loan and your child’s education planning effectively.

Understanding Your Present Situation

Your monthly income is Rs. 1.2 lakh.

Your home loan EMI is Rs. 35,000.

You have Rs. 3 lakh in mutual funds and Rs. 5 lakh in fixed deposit.

You have two children aged 7 and 3.

Your elder child’s higher education is about 10 years away.

You want to plan for that education abroad.

Your Financial Strengths Today

You have a steady income of Rs. 1.2 lakh per month.

You are already investing in mutual funds.

You have Rs. 5 lakh saved in FD. That gives safety.

You are committed to your home loan EMI. That builds a long-term asset.

Key Financial Challenges You Face

EMI is almost 30% of your monthly income.

After EMI, only Rs. 85,000 is left monthly.

Your children’s education abroad will need big funds.

You are already 38. You have 10 years for elder child’s goal.

You need to manage education planning and loan repayment together.

Step-by-Step Financial Action Plan

Let us now break your plan into manageable goals and actions.

Step 1: Monthly Budget Assessment

Review your monthly fixed and variable expenses.

Your EMI is Rs. 35,000.

You should aim to save minimum Rs. 25,000 every month.

Out of Rs. 85,000 (post EMI), check how much can be saved.

Try to control lifestyle inflation from now.

If possible, increase monthly savings every year.

Step 2: Emergency Fund First

Set aside minimum Rs. 3 lakh as emergency fund.

Use part of your Rs. 5 lakh FD for this.

This should be kept in a liquid mutual fund or short-term FD.

Do not use this amount for investments or goals.

It protects you in case of job loss or medical issues.

Step 3: Review Your FD Usage

You have Rs. 5 lakh in fixed deposit.

FD returns are not tax-efficient.

After keeping Rs. 3 lakh as emergency, use balance Rs. 2 lakh.

Invest this Rs. 2 lakh in mutual funds for child’s goal.

This gives better long-term returns.

You can use lump sum to start the child education corpus.

Step 4: Start Goal-Based SIPs

Begin a new SIP for elder child’s higher education.

Target investment horizon is 10 years.

Invest monthly Rs. 15,000 to Rs. 20,000 in equity mutual funds.

Use regular plans through a Certified Financial Planner.

A CFP helps in fund selection, rebalancing and behavioural support.

Direct funds give no advice. Regular route with CFP is safer.

Over 10 years, this disciplined SIP builds large corpus.

This amount is your dedicated education fund.

Don’t withdraw from this SIP for other needs.

Step 5: Continue Home Loan EMI Regularly

Don’t rush to prepay home loan now.

Your EMI is within control.

Loan interest gives tax benefit under Section 24.

Focus more on investing for child’s goal first.

You can plan part prepayment after 3 to 5 years.

Only after your investment for child’s education is secure.

Don’t reduce investments just to close loan early.

Step 6: Insurance is Very Important Now

You are the sole earner with two dependents.

Check if you have a term life insurance.

If not, take pure term insurance immediately.

Cover should be minimum 15 to 20 times your income.

Don’t buy any policy with returns. Buy pure term plan only.

Take family floater health insurance too.

Employer insurance is not enough.

This protects savings during medical emergencies.

Step 7: Track and Review Your Progress Every Year

Once SIP starts, track its growth once every 6 months.

Don’t stop SIP during market falls. Continue without fear.

If income increases, increase SIP by 10% yearly.

Check mutual fund portfolio annually with CFP.

Rebalance if needed. Don’t chase best-performing funds.

Stick to your plan and goal.

Step 8: Prepare for Higher Education Costs Abroad

Foreign education cost is increasing 6% to 8% every year.

In 10 years, cost may be 2 to 3 times current cost.

You need to build a target of minimum Rs. 50 lakh to Rs. 70 lakh.

Start with SIP and lump sum now.

Add yearly bonuses or extra income to this goal.

Don’t delay start. Compounding needs time.

Step 9: Don’t Use Index Funds or Direct Plans

Index funds copy markets. No protection in falling markets.

Active funds adapt to market conditions.

A CFP helps in selecting good active funds.

Direct plans give no help or review.

Wrong fund or panic exit can destroy goal.

Regular route with expert guidance keeps your goal on track.

Step 10: Plan for Younger Child Separately

Start small SIP for younger child also.

This can be Rs. 5,000 monthly now.

Increase later when income grows or EMI ends.

Don’t mix both children’s education funds.

Keep clear goal buckets. It brings focus and discipline.

Mistakes to Avoid from Now

Don’t stop SIPs to prepay home loan.

Don’t invest in traditional insurance plans or ULIPs.

Don’t keep large amounts in FDs long term.

Don’t delay investment for children’s future.

Don’t mix short-term needs with long-term goals.

Don’t follow tips or online groups for mutual fund advice.

Only a certified financial planner can align funds with your goals.

Finally

You have started thinking in the right direction.

You already have basic savings. You must now create a clear plan.

Use mutual fund SIPs to build education corpus over 10 years.

Don’t try to close home loan early at the cost of investments.

Keep your focus on building corpus, not just reducing debt.

A certified financial planner will help you stay on track.

Review yearly. Adjust when needed. Keep emotions out of decisions.

Your elder child’s future depends on your disciplined action now.

Take one step at a time. But don’t stop.

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

Ans: Sireesha Madam, Your son should prioritize counselling for Tier-2 IITs (like IIT Guwahati, IIT Hyderabad, IIT BHU, IIT Indore) as there is a chance of admission in CSE depending on seat availability and category.

NITK CSE is a very good and safe option with excellent academics and placements; he should consider it seriously.

Participate actively in JoSAA counselling rounds, fill choices broadly, and keep backup options ready. All the best for your son's admissions and a bright future!

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Ans: Sandeep, Your AEEE rank of 54,393 is below the typical cutoff for CSE and ECE at Amrita campuses, so admission in these branches is improbable this year. Exploring other branches or colleges is advisable. All the best for your admissions and a bright future!

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Ans: Hello Rajanya
For physics, Maths concepts should be clear. If you not interested to take Maths in 11th and 12th, then at least you must learn the basics of- Trigonometry, Derivatives, Integration, basic algebra etc. in 11th which helps to understand the concepts and derivations in the physics. Best of luck to you.
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Radheshyam

Ans: Hello dear.
Prefer CSE @ SRM AP. But as you said, you have interest to join NIAT (The Northern Alberta Institute of Technology) then I would like to advise as- Do not compromise with your core interest under any conditions. Initial decisions in the life are more important. "Man ki baat man me hi rah jayegi"..... Man ki suno.
Best of luck to you for your bright future.
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Radheshyam

Ans: Hello dear.
Why you mark xxx in rank? With the mentioned percentile, it is challenging to get CSE in NITs but may get in IIITs. (just keep hope open). For sure shot CSE seat, try in any private college. Best of luck.
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Radheshyam