Hello . I have done my bachelor's in physiotherapy in India. I am currently in my last year. I am interested in doing my masters but am confused as to do it in India or abroad. And how to select the best college / university.

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thanks

Ans: HI MOHANRAJ SIR,
GREETINGS FROM THE REDIFFGURUS!
Based on your son's rank and domicile area, there are good chances for him to get into lower branches such as Civil Engineering, Metallurgy, or Production at NIT Trichy. He may also have opportunities for ECE/EEE at some northern/newer NITs.

Please note that the chances for ECE/EEE at institutions like NIT Calicut are slim, and NIT Warangal tends to have less competitive branches. It may also be challenging to secure these branches at NIT Jaipur or NIT Surathkal.

Therefore, it is important to prepare accordingly and participate in the counseling process to achieve your goals.

BEST WISHES.

Ans: Explore good IIITs for CSE/ECE (such as IIIT Kota/Una/Nagpur/Trichy, depending on cutoff) or mid/lower NITs in core branches like ECE/EEE/Mechanical, while chances of getting into CSE at a top NIT seem very difficult.

Good luck.
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Radheshyam

Ans: You have a good chance for EE/ME/Civil in many NITs and possibly some mid/top NIT core branches, but top NIT CSE is unlikely i.e., chances are very slim.

Good luck.
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Radheshyam

Ans: You can typically expect mid- to lower-tier NITs in core branches (EEE/ECE/Mechanical/Civil) and some newer IIITs for CSE/ECE, while CSE at top NITs is generally unlikely unless aided by home-state or gender quota.

Good luck.
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Radheshyam

Ans: He has chances of CSE in the lower IIITs (Nagpur/Guwahati, Una) and ECE/EEE in the mid-tier NITs (Raipur/Jalandhar/Hamirpur/Agartala/Silchar, etc)

Good luck.
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Radheshyam

Ans: You have created a very strong base. Multiple rental incomes, PF savings, and investments for your child show good discipline. At the same time, your EMI and dependency load are high, so planning needs to be very precise.

» Current Cash Flow – Tight but Manageable

Income: Rs 2.4 lakh (salary) + Rs 90k (rent)
Total inflow: ~Rs 3.3 lakh
Outflow: Rs 1.4 lakh EMI + Rs 80k expenses

Balance is comfortable, but:

High EMI reduces flexibility
Dependents increase responsibility

» Loans – First Priority

Home loan at 7.4% is reasonable
Personal loan at ~10% is costly

Action:

Close personal loan aggressively (top priority)
After that, decide on home loan prepayment vs investing

Reason:

Personal loan interest is high and non-productive

» Retirement Question – Key Reality
You asked: “Can I retire after paying all loans?”

Simple answer:

No, loan closure alone is not enough

Why:

Your expenses continue lifelong
Income from rent may not be stable or inflation-adjusted
You have a very young child (1.5 years) → long responsibility

» Corpus Requirement – Broad Direction
Your current expense: Rs 80k/month

But consider future:

Inflation will increase expenses
Child education cost will be significant
Medical costs will rise

So:

You need a separate financial corpus, not just assets

Broad direction:

Aim for a corpus that can generate regular income for 30+ years
Rental income can support, but should not be the only source

» Rental Income – Strength but with Risk
You have 3 rental properties generating Rs 90k

Positives:

Regular income stream
Reduces pressure on salary

Risks:

Vacancy periods
Maintenance costs
Rent may not grow as fast as inflation

So:

Treat rental income as support income, not core retirement plan

» Investment Strategy – Needs Expansion
Current:

PF Rs 20L
MF Rs 14L (for child)

Gap:

No clear retirement-focused corpus building

You should:

Start a dedicated SIP for retirement immediately
Increase investment from surplus income
Focus on diversified, actively managed mutual funds

» Child Planning – Very Important

Child is only 1.5 years old
Education cost will be very high

You should:

Continue MF investment for child
Increase gradually every year
Keep this separate from retirement

» When Can You Retire – Practical View
You can think of retirement only when:

Personal loan fully closed
Home loan significantly reduced or manageable
Strong financial corpus created (not just property)
Child education fund secured

Till then:

Early retirement is risky

» Better Approach – Phased Freedom
Instead of full retirement:

First achieve loan freedom
Then build financial corpus
Then move to reduced work / flexible income

This is safer and practical

» Risk Protection

Ensure adequate term insurance (very important due to dependents)
Health insurance must be strong and independent

» Finally

Close personal loan first
Do not depend only on rental income
Build a strong mutual fund corpus for retirement
Keep child education separate and growing
Think of retirement as a phased journey, not immediate

With your income and assets, you can reach financial independence, but only with proper structuring and patience.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

Ans: ?

Ans: HI SIR,
GREETINGS FROM THE REDIFFGURUS!
Based on domicile and category rank, the chances are as follows: Mechanical and Chemical have moderate to low chances. Civil, Production, and Metallurgy have good chances, especially in special rounds.
Ask him to prepare accordingly.

BEST WISHES.