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Neeraj

Neeraj Batra  | Answer  |Ask -

CA, CS, Commerce Expert - Answered on Aug 10, 2023

CA Neeraj Batra is a director and a faculty member at DGS CAPS Learning Private Limited, a coaching institute for Chartered Accountancy and Company Secretaryship.
He has been teaching mathematics to CA, CS and commerce aspirants for over 11 years.
He has taught accounts and finance to IRS officers at the National Academy of Direct Taxes for three years and conducted numerous seminars at schools, colleges and MBA institutes in India.
Under his mentorship, several students have topped the competitive exam and secured All India Ranks.
Batra topped CA Intermediate (PCC) exam from Nagpur in 2009 and completed his CA and CS at the age of 21.
He has also cleared CFA (USA) Level 1.... more
krupa Question by krupa on Jun 20, 2023Hindi
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Career

HELLO ANKIT, my son recently completed BBI, now he is confused to decide further study. which is good for him, MBA or CFA?

Ans: Depends on Interest. CFA is towards stocks, portfolios, equity research, etc. MBA has varied options like HR, Finance, Marketing. Do find his inclination by going through syllabus, job profiles etc
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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Jun 23, 2023

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Hello Abhishek, my son recently completed BBI, now he is confused to decide further study. which is good for him, MBA or CFA?
Ans: Hello Krupa,

I can provide some guidance to help your son make an informed decision between pursuing an MBA or a CFA (Chartered Financial Analyst) designation. Both paths have their own advantages and considerations, so it's important to assess your son's interests, career goals, and personal preferences.

MBA (Master of Business Administration):
An MBA is a versatile degree that offers a broader education in business and management. It covers various areas such as finance, marketing, strategy, operations, and leadership. Pursuing an MBA can be beneficial if your son aims to develop a well-rounded skill set, explore diverse business functions, and potentially move into management roles in various industries. It is particularly valuable for individuals seeking career advancement or aiming to start their own businesses.

CFA (Chartered Financial Analyst):
On the other hand, the CFA designation is highly specialized and focuses specifically on finance and investment management. It is a globally recognized certification that demonstrates expertise in areas such as investment analysis, portfolio management, financial planning, and ethics. If your son is passionate about finance, investments, or working in the investment industry, the CFA program can provide him with specialized knowledge and enhance his credibility in the field. It is particularly valuable for roles such as portfolio managers, research analysts, and investment advisors.

To make a decision, your son should consider the following factors:
Interests and Career Goals: Assess your son's specific interests within the broader business and finance field. If he enjoys a wider range of business functions and aspires to take on managerial positions, an MBA may be a better fit. If he has a strong passion for finance and desires a career focused on investment analysis and portfolio management, the CFA path may be more suitable.

Time and Commitment: Consider the time commitment required for each option. An MBA program typically lasts for one to two years, while the CFA program requires passing three levels of exams that can take several years to complete. Your son should evaluate his willingness to commit to the necessary time and effort for each path.

Networking and Industry Exposure: Evaluate the networking and industry exposure opportunities associated with each option. MBA programs often provide extensive networking opportunities through alumni networks and internship placements, while the CFA program offers access to a global community of finance professionals.

Financial Considerations: Assess the financial aspects of both options, including tuition fees, living expenses, and potential return on investment. MBA programs can be more expensive, but they may also lead to higher earning potential in the long run. The cost of pursuing the CFA designation primarily includes exam fees and study materials.

Ultimately, the decision between pursuing an MBA or a CFA depends on your son's career aspirations, personal interests, and long-term goals. Encourage him to thoroughly research and consider the pros and cons of each option, and perhaps seek advice from professionals currently working in the fields of finance and business management. This will help him make an informed choice that aligns with his interests and maximizes his career prospects.

Regards,
Abhishek Shah

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Ramalingam

Ramalingam Kalirajan  |9616 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2025

Asked by Anonymous - Jun 30, 2025Hindi
Money
I am 34 and my husband is 36. We have a girl child of 7 years old. We work in corporate and together we make approximately 2.75L per month. Below are our assets: 1. Flat worth 20L to 30L 2. Plot worth 40L 3. Plot worth 90L ( currently in loan of 75L) 4. Gold of 400gms 5. SGB of 2.5L in 2020 6. MF in SIP of approx 55k/month since last two years 7. Few stocks of 5L 8. Emergency fund of 20L Here's my question, My EmI goes around 131000 ( 7 years loan of 75L). We are saving on MF. Rest goes on expenses and little left out every month. We have a plan of constructing home+rental in the plot which is on loan now. This may approximately cost us 1.5crore I assume in 2.5 years. Can you please guide us the best way to achieve this with minimal loan while construction. Because I thought of changing loan emi to 30 years and save extra money for construction. however my husband prefers 7 years emi and top up while construction. Need a guidance on this. Thank you.
Ans: Family’s Financial Background
– You both are salaried and earn Rs. 2.75L monthly.
– You have a daughter aged 7.
– You hold multiple assets across real estate, gold, mutual funds, and equity.
– Current EMI is Rs. 1.31L monthly on a Rs. 75L loan.
– Your EMI takes almost 48% of income.
– Your SIPs are Rs. 55K/month, which is well-disciplined.
– Emergency fund of Rs. 20L adds strength.

Your financial habits are very solid.
The mix of real assets, liquid funds, and regular savings is well-planned.
Your challenge now is:

how to build a Rs. 1.5 crore house with less loan

how to balance your current cash flow

Let’s work through this with clear planning.

Real Estate Assets Evaluation
– You own a flat worth Rs. 20–30L.
– You own a plot worth Rs. 40L (no loan).
– Another plot worth Rs. 90L has Rs. 75L loan outstanding.

– If the flat is not self-occupied or generating rent, it’s just an idle asset.
– Consider renting it out if not already done.
– That rent can offset a small part of future home construction EMI.

– The plot with Rs. 75L loan is where you plan to build the house.
– Total cost of construction is expected to be Rs. 1.5 crore in 2.5 years.

Now your goal is to avoid large top-up or second loan.
So let’s create surplus for that.

EMIs vs. Loan Tenure Strategy
– Current EMI is Rs. 1.31L for 7-year tenure.
– This is putting strain on your monthly budget.
– Your plan is to either:

Convert EMI to 30 years and save cash

Or continue 7 years and do top-up later

Let’s evaluate both routes:

Route A – Extend tenure to 30 years
– EMI will reduce drastically to around Rs. 45–50K.
– You will free up around Rs. 80K monthly.
– Over 30 months, that can create Rs. 24L savings.
– This money can be part-used for construction.
– But total interest paid over 30 years becomes very high.
– You can always prepay later and reduce tenure.

Route B – Stick to 7-year EMI and top-up later
– EMI remains Rs. 1.31L.
– Surplus will remain tight, hard to save for construction.
– Top-up later adds more interest burden on future.
– This option delays construction start.
– Will increase dependency on external loan at higher rate.

Better choice is to combine both approaches smartly.
Do tenure restructuring now.
Then save aggressively for construction over 2.5 years.
Later, use minimal top-up only if needed.

Monthly Cash Flow After EMI Restructuring
– Assume EMI revised to Rs. 50K.
– You now save Rs. 80K from EMI.
– Continue Rs. 55K SIP.
– This leaves you approx Rs. 25K extra monthly.

– Park this Rs. 25K in short-duration debt funds or RDs.
– Over 2.5 years, you can accumulate Rs. 7–8L.

– Also consider reducing SIP slightly for 30 months.
– Bring SIP down from Rs. 55K to Rs. 40K temporarily.
– That frees another Rs. 15K per month.
– Total monthly savings now = Rs. 25K + Rs. 15K = Rs. 40K.
– Over 2.5 years, you can save Rs. 12L+ for construction.

– Combine this with Rs. 20L emergency corpus if needed.
– But keep at least Rs. 10L untouched as pure emergency.

Construction Budget of Rs. 1.5 Crore – Planning Sources
– Total requirement in 2.5 years = Rs. 1.5 crore.
– Assume 3 stages of payout:

Foundation: Rs. 50L

Structure and finishing: Rs. 50L

Final fitting, interiors and overheads: Rs. 50L

Probable source mix you can aim:
– Rs. 12–15L from savings (as explained above)
– Rs. 5–10L from stocks + partial SGB maturity (if held till 2028)
– Rs. 10–15L from gold, if ready to part with some
– Balance Rs. 1–1.1 crore via fresh construction loan or top-up

– Try to build in phases and link payouts to stages.
– Use contractor agreements with stage-wise delivery and payment.

Evaluate Property Usage: Flat and Plot
– Flat value is Rs. 20–30L.
– If not emotionally attached, consider selling.
– Use proceeds to fund home construction.
– You reduce fresh loan burden by 20–30L.

– Or, if flat is rented, keep it as passive income source.
– Check if flat sale attracts LTCG tax.
– If gains are used to buy/construct house, tax is exempt.

– Avoid using plot worth Rs. 40L for loan pledge.
– Keep it clean as future safety net.

Your Mutual Fund SIPs Are Well-Structured
– SIP of Rs. 55K monthly since 2 years is excellent.
– You are creating future corpus for child and retirement.

– But during construction phase, reduce SIPs moderately.
– Ensure you resume original SIPs once construction is done.
– Do not stop completely.
– Equity SIPs help beat inflation in long-term.

– Review SIPs once a year.
– Focus on active funds only.
– Index funds do not offer strategy or protection during market fall.
– Regular funds with help from Certified Financial Planner are better.

– Avoid direct funds unless you can monitor and rebalance regularly.
– Regular funds through MFD gives support and discipline.

Protecting Future Goals – Child and Retirement
– You have a 7-year-old daughter.
– Education expenses will begin in 10 years.
– Create separate SIP folio for her education goal.
– Start small but increase SIP yearly.

– Use mix of large-cap and flexi-cap equity funds.
– Avoid aggressive small-cap for this goal.
– Sukanya Samriddhi Scheme can be a good safe option.

– For retirement, aim to restart VPF or NPS contributions later.
– Let SIP build retirement corpus in equity over 20 years.
– After 50 years of age, slowly move to hybrid funds.

Insurance Protection Check
– Ensure term insurance for both of you.
– Coverage should be minimum 15–20 times annual income.
– Health insurance should be Rs. 15–20L per person.
– Don't rely on employer cover only.
– Review existing insurance, if any.
– Avoid endowment or ULIP policies.
– If you have them, surrender and redirect to SIPs.

Tax Planning Consideration
– Home loan interest and principal gives tax benefit under sections 80C and 24.
– Construction loan also eligible once certificate obtained.
– SGB interest is taxable annually.
– Capital gains from gold, property and mutual funds attract different tax rules.

– Equity mutual fund LTCG above Rs. 1.25L taxed at 12.5%.
– STCG taxed at 20%.
– Debt mutual fund gains are taxed as per income slab.
– Plan redemptions keeping tax thresholds in mind.

Final Insights
– Keep EMI affordable by extending tenure.
– This frees cash for future construction.
– Reduce SIP for 2–3 years to boost construction fund.
– Sell or lease idle flat if it helps reduce loan burden.
– Keep Rs. 10L emergency fund untouched.
– Don’t touch education corpus for construction.
– Split construction cost into phases to reduce pressure.
– Resume normal SIPs after construction is over.
– Avoid overexposure to loans to protect future stability.
– Review goals and investments every year with help from a Certified Financial Planner.

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

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Nayagam P

Nayagam P P  |8432 Answers  |Ask -

Career Counsellor - Answered on Jul 10, 2025

Asked by Anonymous - Jul 08, 2025Hindi
Career
Sir/mam, I've got 95%ile in jee mains with a rank of 74630, iam wondering what can I get from it, also I have obc reservation and have 23008 category rank. And can u tell me what would be best for me to fill in csab rounds.
Ans: Securing admission in CSE with a 95 percentile (All?India Rank 74,630; OBC 23,008) is feasible at several NITs and GFTIs offering robust curricula, expert faculty, modern labs, strong industry collaborations and placement cells achieving 70–85% placements over the past three years. Institutions with closing ranks below your All?India and category ranks include NIT Sikkim, NIT Puducherry, NIT Arunachal Pradesh, NIT Manipur, NIT Mizoram and NIT Meghalaya, as well as Central University of Jammu and Dr. H.S. Gour University, which maintain average placement rates above 75%. In the private sector, VIT Vellore and Amrita Vellore provide CSE programmes with AI/ML integration, active industry tie?ups and 80%+ placements. These options ensure a blend of academic excellence, hands?on learning, industry exposure, campus facilities and strong placement prospects—all accessible in CSAB rounds without relying on state quotas.

Recommendation: Focus CSAB choices on NIT Sikkim, NIT Puducherry, NIT Arunachal Pradesh, NIT Manipur and NIT Mizoram for guaranteed admission and superior CSE outcomes; keep 2-3 more Private Engineering Colleges as back-ups nearby your location/city instead of relying only on JoSAA/CSAB. All the BEST for Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |8432 Answers  |Ask -

Career Counsellor - Answered on Jul 10, 2025

Nayagam P

Nayagam P P  |8432 Answers  |Ask -

Career Counsellor - Answered on Jul 10, 2025

Nayagam P

Nayagam P P  |8432 Answers  |Ask -

Career Counsellor - Answered on Jul 10, 2025

Career
Secured 91.04 percentile in MHCET. Having SC category in home state. Seeking admission in tech branches in VITPune. Got CS in Symbiosis Pune and MIT-WPU Pune. Please suggest.
Ans: Anand, Symbiosis Institute of Technology in Lavale Village, Pune offers a NAAC A++-accredited B.Tech in Computer Science with modern AI/ML, software development and IoT labs, a project-based curriculum and a dedicated placement cell achieving a 77.8% placement rate over the past three years with top recruiters like Microsoft, Deloitte and Cummins. MIT-WPU in Kothrud, Pune provides a B.Tech CSE under NAAC accreditation, hosts GPU-enabled computing clusters, conducts extensive pre-placement training and achieved a 75% median placement ratio in 2024 with 600+ recruiters including Amazon, Infosys and KPMG. Both institutes maintain strong industry partnerships, robust infrastructure, experienced faculty, active student support and internship pipelines, but SIT Pune’s higher placement consistency and specialized tech labs give it an edge in core CSE training, while MIT-WPU’s broader recruiter base and holistic training initiatives support diverse IT careers.

Recommendation: Opt for Symbiosis Institute of Technology Pune CSE for its superior placement consistency, specialized AI/ML infrastructure and focused project-based learning environment. Consider MIT-WPU Pune CSE as an alternative for its extensive recruiter network, comprehensive training workshops and strong industry tie-ups ensuring diverse internship and job opportunities. All the BEST for Admission & a Prosperous Future!

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