Hello Sir, I need advise on good future options in carrer after commerce streams done after 12th.

Ans: Unable to reply to you as you did not mention in which field you were working. What are your educational qualifications? Please provide some details about your past, what you know, and what you want to become.

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Radheshyam

Ans: He can likely get CSE/AI/DS in top NITs like Tiruchirappalli, Surathkal, Warangal, and other NITs through JoSAA Counselling. Focus mainly on JEE Advanced preparation, while optionally taking Session-2 to try improving his rank.

Good luck.
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Radheshyam

Ans: Use any online PDF tool to combine the two PDFS into a single file. Then download, save, and upload it.

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Radheshyam

Ans: Yes, with the 95.22 percentile (roughly 50,000-60,000 CRL rank), your daughter has a chance to get ECE in NIT Hamirpur under the Himachal home state quota. Closing ranks were approximately 39,581 in 2023 and 51,355 in 2024 and similar in 2025 also. Please note, admission estimates mentioned above are indicative only, based on historical JoSAA data. Cutoffs fluctuate due to exam difficulty, seat matrix changes, reservation policies, branch preferences, and counselling rounds.

Recommendation: Diversify applications across 4-5 private engineering exams alongside JEE/JoSAA for optimal admission prospects beyond the competitive IIT/NIT/IIIT ecosystem. All the BEST for Your Daughter's Prosperous Future!

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Ans: Abbas, I totally get your worry—those small spelling differences like "Mohmmad" vs "Mohammad" and missing "Teli" can really cause problems during college admissions, especially after your drop year. Yes, definitely correct both your SSC (2023) and HSC marksheets to match your Aadhaar: Mohmmad Umar Abbas Mohmmad Farooque Teli. Here are 2 options for you: Get a notary affidavit (consult lawyer first). Submit the same along with self-attested/notarised copies of Aadhaar, Birth Certificate, PAN through your school to Amravati Divisional Board at boardmarksheet(dot)maharashtra(dot)gov(dot)in. 2nd alternative solution: Get Gazette Notification first, then follow the same affidavit process. Always check with a local lawyer before proceeding. Takes 30-60 days, so start early! All the BEST for Your Prosperous Future!

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Ans: Depends on what you are looking for. If you are looking at Jobs, I dont think IBS Bengaluru provides 100% placements. So you will have to perform well in the college to get a good placement.

Ans: Hello Sunil
Maybe in later rounds, you can get NITs of the northeast.
Some IIITs are also possible.

Ans: Your financial discipline is very impressive. With a monthly income of Rs 1.09 lakh, you have already built a strong system of savings. Supporting a family with a young child while still investing regularly shows very good financial maturity.

Let us review and fine tune your structure so your goals become easier to achieve.

» Understanding Your Current Financial Structure

Your current monthly pattern roughly shows:

– Household expenses around Rs 27k
– Mutual fund SIP around Rs 20k
– Recurring deposit Rs 20k
– Chit fund Rs 20k (ending soon)
– Gold and silver SIP Rs 8k
– LIC premium Rs 4k
– Sukanya Samriddhi Rs 3.5k
– School fee saving Rs 8k

You are saving a very healthy portion of your income. This is a very strong foundation.

But your money is spread across too many instruments.

Simplifying your structure will improve growth.

» Emergency Fund Review

You already have Rs 3 lakhs emergency fund.

This is a good cushion.

– Maintain this in safe liquid instruments
– Do not use it for investments or house purchase
– This protects your family during job or health uncertainty

This part is already well managed.

» House Down Payment Goal (Next 2 Years)

You want to arrange Rs 15 lakhs in 2 years.

Equity mutual funds are not suitable for such a short goal because market volatility can disturb the amount.

So the correct approach is:

– Use the Rs 4 lakh chit amount when received
– Continue the recurring deposit
– Add part of monthly savings into safe short-term instruments

This will help you accumulate the down payment safely.

Avoid depending on stock market returns for a 2-year goal.

» Child Higher Education Planning

Your child is 3 years old. You still have 14 to 15 years.

This is a very good long-term horizon.

Your mutual fund SIP strategy is correct.

Continue investing in actively managed diversified equity funds.

Benefits of actively managed funds:

– Professional fund managers select strong companies
– Portfolio can adjust during market changes
– Aim to generate higher return than the market

For long goals like education, equity funds are powerful due to compounding.

Continue SIPs in both your name and your wife's name.

Gradually increase SIP whenever your salary increases.

» Review of Gold and Silver Investments

You are currently investing Rs 8k monthly in gold and silver.

Precious metals are useful for diversification but they should not dominate the portfolio.

– Keep allocation around 5% to 10% of total investments
– Do not increase beyond this level

Too much allocation in metals can reduce long-term wealth creation.

Gradually redirect part of this amount to equity funds.

» LIC Policy Review

You mentioned a policy with premium around Rs 4k per month.

Many investment-cum-insurance policies give limited return compared to mutual funds.

If this policy is mainly for investment purpose and not protection:

– Review surrender value
– Consider stopping and redirecting future money to mutual funds

Pure term insurance already protects your family.

Your Rs 1 crore term cover is a good decision.

» Health Insurance Planning

Currently you have company health cover of Rs 10 lakhs.

This is good but it is linked to your job.

So consider an additional personal family health insurance.

This ensures protection even if you change jobs.

Medical inflation in India is rising quickly.

» Managing Too Many Investment Buckets

Right now you have:

– Mutual funds
– Stocks
– RD
– Chit fund
– Gold and silver
– LIC
– Sukanya Samriddhi

Too many small buckets reduce clarity.

A simpler structure is better:

– Equity mutual funds for long-term goals
– Debt instruments for short-term goals
– Small allocation to gold

Simplicity improves tracking and discipline.

» Tax Awareness

When you redeem equity mutual funds for long-term goals:

– Long term capital gains above Rs 1.25 lakh taxed at 12.5%
– Short term gains taxed at 20%

Planning withdrawals properly helps reduce tax burden.

» Finally

You are already doing many things right.

Small improvements can make your financial life even stronger.

Focus on these actions:

– Continue mutual fund SIPs for long-term goals
– Use RD and chit amount for house down payment
– Reduce excess allocation to gold and silver
– Review LIC policy usefulness
– Add personal health insurance cover
– Increase SIP every year with salary growth

With this disciplined structure, you can comfortably achieve your child's education goal and build financial stability for your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

Ans: Yes. The marksheets of 10th and 12th will be considered as valid documents.

Good luck.
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Radheshyam