Hello Sir, My daughter is in Class 11 , and preparing for JEE. Kindly advice how to score more than 99.5 %tile in JEE mains (General Category) to get through Top NITs and to qualify for advanced. Kindly suggest the Roadmap. She is into inhouse integrated school coaching.So coaching classes happen in school timing and in school premises(gets over by 3 PM). Kinldy advise books and time management.

Ans: Hello dear
Prefer CSE @ Sricity if possible.

Good luck.
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Radheshyam

Ans: Hello dear
Your best options are in state-level colleges through MHTCET (such as some mid-tier government or private colleges in Maharashtra) or UPTAC counseling (like AKTU-affiliated colleges), such as Newton, Scalar, etc.

(1) Focus on admission through MHTCET: Aim for PCCOE Pune, VIT Pune, or JSPM, especially in core branches like IT, ECE, or even CSE in lower-round counseling.

(2) Avoid expensive, low-recognition colleges as you mentioned.

(3) Skip JEE-based options: Your JEE rank is too high for NITs or top private colleges like VIT, SRM, etc., and your 12th-grade marks might limit your chances in places with minimum cutoff requirements.

(4) You can still take admission now! Many counseling rounds are still ongoing, so don’t delay further.

Good luck.
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Radheshyam

Ans: HI BALU,
WHETHER PICT IS PUNE INSTITUTE OF COMPUTER TECH?

Ans: Hello dear
Prefer CSE @ Thapar if you can afford it.

Good luck.
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Radheshyam

Ans: Hello dear.
Prefer ECE @ NITK Surathkal if possible. The final choice will be yours.

Good luck.
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Radheshyam

Ans: IS IT THROUGH JOSAA?

Ans: Hello dear.

She can pursue it through (1) a B.Sc. in Physics, (2) the Indian Institute of Science (IISc) Bangalore, (3) the Indian Institutes of Science Education and Research (IISERs), or (4) Chennai Mathematical Institute (CMI).

For IISc, admission is through JEE (Adv), NEET, or KVPY. IISERs accept candidates through JEE (Adv), SCB (IISER Aptitude Test), and KVPY/INSPIRE. Chennai Mathematical Institute (CMI) conducts its entrance exam. Typically, a strong JEE (Adv) or IISER Aptitude Test score is needed (< 10,000 for IISc or top 5,000 for IISERs is safer).

After a B.Sc., she can specialize in Astrophysics via an M.Sc. or research at institutions like the Inter-University Centre for Astronomy and Astrophysics (IUCAA), Tata Institute of Fundamental Research (TIFR), or Indian Institute of Astrophysics (IIA).

Disclaimer - The above information is collected from various sources and shared with you. Requesting you to check from your side with the official portals for the mentioned exams.

Good luck.
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Radheshyam

Ans: – Choosing BTech CSE at NIET is a positive step.
– Good that you're planning your funding early.

? Understanding Your Current Funding Gap
– Total fees: Rs. 11.5 lakh.
– Already paid: Rs. 50,000.
– Planning bank loan: Rs. 7.5 lakh (no collateral).
– Still short: Rs. 3.5 lakh.

? Bank Loan and Bihar Student Credit Card Confusion
– Banks typically allow one loan per student for education.
– However, Bihar Student Credit Card scheme allows funding even if partial loan is taken.
– Visit your district DRCC office in person and explain full loan structure.
– Get a written clarification from them.

? Strategies to Arrange Rs. 3.5 Lakh Gap
– Try increasing the bank loan to maximum allowed under unsecured category (up to Rs. 7.5–10 lakh).
– If DRCC agrees to fund the remaining, you can split the loan.
– Explore NIET’s own installment payment plans. Many colleges have semester-wise fee breakup.
– Request fee extension from the college for the shortfall.
– Approach family, friends, or alumni network for a small temporary interest-free loan.

? Explore Private Education Finance Options
– NBFCs like HDFC Credila, Avanse, or InCred may help with flexible funding.
– They offer loans without collateral up to Rs. 10–15 lakh, depending on course and college.

? Improve Chances of Loan Approval
– Show strong academic intent and purpose to lenders.
– Prepare a course plan, placement record of NIET, and your career goals.

? Finally
– Don’t worry too much. There are multiple small ways to bridge this Rs. 3.5 lakh gap.
– Be proactive with DRCC and college. Keep pushing through.
– You’ve already taken the right steps by planning ahead. Stay focused.

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

Ans: At age 59, with retirement just a year away, your planning so far shows strong discipline.
Your goal of Rs 2 lakhs monthly income after retirement is very achievable.
Let’s look at your situation from all angles to build a secure post-retirement financial roadmap.

? Retirement Readiness Assessment

– Your current corpus is excellent.
– Rs 9 crore in equity is significant.
– Rs 80 lakhs in mutual funds adds strong diversification.
– Rs 50 lakhs in FD offers fixed income security.
– Rs 85 lakhs in PF ensures steady post-retirement liquidity.
– Two houses add to your overall stability and confidence.

– With Rs 11.15 crore in financial assets, your financial independence is assured.
– Your target of Rs 2 lakhs monthly income (Rs 24 lakhs annually) is realistic.
– Even assuming modest returns, this can sustain for 30+ years of retirement.

? Portfolio Allocation Post Retirement

– Shift from aggressive to balanced allocation now.
– Reduce direct equity exposure gradually.
– Allocate into hybrid or balanced advantage mutual funds.
– Keep 30%–40% in equity-oriented funds for inflation protection.
– Move 20%–25% to debt-oriented mutual funds for regular income.
– 15%–20% in FDs for short-term needs and emergencies.
– Retain your PF. Start withdrawing gradually after retirement.

– Use a Systematic Withdrawal Plan (SWP) from mutual funds for regular monthly income.
– Prefer growth option and withdraw as per requirement via SWP.
– This gives you tax efficiency and cash flow predictability.

? Monthly Income Plan

– You aim for Rs 2 lakhs/month post-retirement.
– A smart combination of sources can give this.

Use SWP from mutual funds: target Rs 80,000–Rs 1 lakh/month.

Interest from FD: Rs 30,000–Rs 40,000/month.

Partial PF withdrawal: Rs 40,000/month for 15–20 years.

Rental income (if available from 2nd house): Additional support.

– Rebalance every 1–2 years to adjust for inflation and market changes.

? Risk Management and Safety

– Keep Rs 25–30 lakhs in FD or ultra-short debt funds.
– This acts as emergency and buffer for market volatility.
– Avoid new high-risk equity bets at this stage.
– Your current equity should be gradually rebalanced.

– Avoid ULIPs, PMS or structured products from banks or agents.
– They are unsuitable post-retirement.

– Ensure asset safety through joint ownership and nomination updates.

? Tax Planning

– After retirement, your taxable income will change.
– SWP from mutual funds is tax-efficient due to capital gains benefit.
– Long-Term Capital Gains (LTCG) above Rs 1.25 lakh is taxed at 12.5%.
– Short-Term Capital Gains (STCG) on equity funds is taxed at 20%.
– For debt funds, gains are taxed as per your slab.

– FD interest is fully taxable as per slab. Spread FDs in family names.
– Consider gifting funds to daughter (once she earns) to save tax.

– Create a family income-splitting strategy to optimise overall taxation.

? Role of Mutual Funds After Retirement

– Mutual funds will play a central role now.
– Use regular plans through a trusted MFD with CFP credential.
– Avoid direct plans.

– Direct plans lack guidance, reviews, and emotional coaching.
– With regular plans, you get active monitoring and risk control.
– In retirement, having a Certified Financial Planner guiding you adds immense value.

– Stay away from index funds.
– Index funds blindly follow the market.
– They lack downside protection and fund manager expertise.
– Active funds offer rebalancing, risk controls and better retirement fit.

? Daughter’s Education & Support

– At 22, she may need support for higher education or career goals.
– Keep aside Rs 15–20 lakhs in debt funds or FD for her future needs.
– This avoids disturbing your retirement corpus.
– Do not rely on equity for short-term educational needs.

– Once she starts earning, encourage her to plan own finances early.

? Estate and Legacy Planning

– Make a clear Will without delay.
– Include all financial and real estate assets.
– Mention nominees clearly in all accounts and investments.
– Register the Will if possible for legal strength.

– Keep a secure record of passwords, account numbers and bank lockers.
– Share with trusted family members.

– Plan your corpus distribution well – spouse, daughter, charity if desired.
– Protect legacy from legal disputes with proper documentation.

? Health Coverage and Contingency

– Maintain a strong health insurance policy.
– Do not rely only on savings for medical emergencies.
– Take a top-up health plan if needed.
– Ensure spouse is also covered.

– Medical inflation is high. Keep Rs 10–15 lakhs buffer in debt funds.
– This ensures you don’t withdraw from retirement income for health costs.

? Use of Property

– You own two houses.
– Live in one and rent the other if feasible.
– Avoid selling unless absolutely needed.

– Rental income helps reduce pressure on mutual fund withdrawals.
– However, do not consider property as a retirement plan.
– Illiquidity and maintenance are major risks in old age.

? Inflation and Lifestyle

– Rs 2 lakhs per month is good today.
– But inflation will erode it slowly.
– After 10 years, you may need Rs 3.5–4 lakhs/month for same lifestyle.

– So keep at least 35% of portfolio in growth assets like equity funds.
– This ensures your portfolio beats inflation over the long term.

– Revisit your retirement plan every 2 years.
– Adjust withdrawals and investments based on market and expenses.

? Behavioural and Emotional Discipline

– Avoid panic during market volatility.
– Stay disciplined with withdrawal strategy.
– Work with your Certified Financial Planner to avoid emotional investment errors.

– Retirement is a long phase – maybe 25+ years.
– You need growth, income, safety, and peace.
– Stick to the strategy. Don’t chase returns.

– Make spending priorities clear – needs vs wants.
– Focus on health, relationships, experiences – not on flashy lifestyle.

? Action Plan (Next 6–12 Months)

– Rebalance portfolio: Reduce equity, increase hybrid and debt funds.
– Setup SWP from mutual funds for regular cash flow.
– Allocate emergency corpus in FD or liquid funds.
– Create Will and update nominees.
– Review health insurance coverage for self and spouse.
– Keep Rs 15–20 lakhs separate for daughter’s education.
– Finalise post-retirement income plan with Certified Financial Planner.

? Finally

You are entering retirement from a position of great strength.
You have created a solid foundation with over Rs 11 crore in financial assets.
With the right guidance, steady withdrawals and discipline, your retirement life can be peaceful.

Stay focused on safety, tax-efficiency and sustainable income.
Avoid risky products, emotional decisions and large lifestyle jumps.
Let your wealth serve your life goals without tension.

A Certified Financial Planner can support you regularly in these next decades.
Not just for returns, but also for reviews, rebalancing and family safety.
Wishing you a peaceful and prosperous retirement journey ahead.

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