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My Son Scored 15K in JEE Mains: What Courses Should He Choose?

Nayagam P

Nayagam P P  |3962 Answers  |Ask -

Career Counsellor - Answered on Jun 19, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Asked by Anonymous - Jun 19, 2024Hindi
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Hello Mr Nayagam, my son (General category) got JEE mains rank of 15K and BITSAT score of 276, what courses do you suggest for him in order of preference?

Ans: Prefer BITS Sir over JEE-Institutes, if you are able to afford for BITS, the fees of which would be around 35.00 Lacs for 4-years. Now coming to Courses for BITS you can try, on the basis his Rank / in order of preference with BITS-Pilani (1) ECE (2) Mechanical (3) Electrical & Electronics (4) Electronics & Instrumentation (5) Chemical. For BITS-Hyderabad (1) CSE (slightly difficult, still can try) (2) ECE (3) Electrical & Electronics (4) Electronics & Instrumentation (5) Mechanical. For BITS-Goa (1) CSE (less chance, but can fill in Counselling Choice) (2) ECE (3) Electrical & Electronics (4) Mechanical. You can also try for BITS-Dubai with BITSAT / 10+2 Score if you are able to afford for Dubai Campus. Now coming to JEE, please note, it is difficult to get admission into top NITs for high-in-demand Streams. However, he can try for Tier 2 NITs which he can check online along with the data of opening and closing ranks of last year for each year to get an idea. All the BEST for your Son's Bright Future.
Asked on - Jun 19, 2024 | Answered on Jun 19, 2024
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Thanks a lot for response, can you please also suggest BITS course preference between BITS campus. For NITs, based on last year, he may get NIT Surat ECE.
Ans: Order of Preference of BITS-Campus (1) Pilani (2) Hyderabad (3) Dubai (if affordable & son gets CSE/ECE) & (4) Goa Campus. Order of Preference of Courses (1) CSE (2) ECE (3) Mechanical (4) EE (5) E & I (6) Chemical. However, he should keep upgrading his skills from his 1st year itself till his Campus Placement during his last year, from LinkedIn, Coursera, NPTEL, Internshala etc. and / or any other online platforms, recommended by his College Faculties, to be COMPETENT among other Students.
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Ramalingam

Ramalingam Kalirajan  |7239 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 09, 2024

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Hello... Sir... This is Ravi kumar. I have 1lac rupees. I want to invest lump sum in mutual funds for 10 years.So please tell me best fund and how to invest lump sum. Alredy am doing 5k doing SIP in sevaral funds. So please give me suggestion
Ans: It's great that you are already disciplined with SIP investments of Rs 5,000 monthly. Now, investing Rs 1 lakh lump sum for 10 years can be a rewarding decision when done wisely. Let’s discuss how to approach this systematically.

Assess Your Risk Profile
Understand your risk-taking capacity and willingness.
If you are young, you can consider high-risk options for better returns.
If you have moderate risk tolerance, balance equity and debt mutual funds.
Benefits of Investing in Mutual Funds
Mutual funds offer diversification, reducing risks.
They are professionally managed by experts.
With long-term investments, compounding helps grow your wealth.
Investments are transparent, with detailed portfolio updates.
Best Practices for Lump Sum Investment
Consider Market Conditions

Avoid investing lump sum when markets are at a peak.
Use a Systematic Transfer Plan (STP) to reduce market timing risks.
Diversify Your Investment

Allocate funds between equity and debt based on your goals.
Avoid concentrating too much in a single sector or category.
Select Actively Managed Funds

Actively managed funds outperform in dynamic market conditions.
Fund managers can rebalance portfolios for better returns.
Why Avoid Index Funds?
Index funds lack active management and can’t beat the market.
They mirror the market index and offer limited flexibility.
Actively managed funds are better for long-term wealth creation.
Regular Plans Over Direct Plans
Regular plans include professional advice and monitoring.
Certified Financial Planners help you align investments with goals.
Direct plans might seem cheaper but lack essential guidance.
Tax Implications to Consider
Long-term capital gains (LTCG) above Rs 1.25 lakh are taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Plan withdrawals wisely to optimise tax savings.
Steps to Start Your Lump Sum Investment
Define Clear Goals

Specify what you aim to achieve in 10 years.
Include education, retirement, or wealth-building goals.
Choose Suitable Funds

For higher returns, go for equity-oriented funds.
Include hybrid or debt funds for stability and lower risk.
Open an Account with an Advisor

Choose a Certified Financial Planner for personalised advice.
They ensure you stay on track with financial goals.
Monitor Regularly

Track fund performance at least yearly.
Rebalance your portfolio if necessary.
Insights on Current SIP Investments
Your current SIP habit is excellent for disciplined investing.
Review if your SIP funds align with your risk and goals.
Avoid over-diversification to keep the portfolio focused.
Final Insights
Investing Rs 1 lakh lump sum in mutual funds requires careful planning. Start by assessing your financial goals and risk capacity. Actively managed mutual funds, backed by a Certified Financial Planner, provide significant advantages. Focus on a diversified strategy with periodic reviews to ensure steady growth. Your long-term approach and consistency will yield excellent rewards.

Best Regards,

K. Ramalingam, MBA, CFP
Chief Financial Planner

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7239 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 09, 2024

Asked by Anonymous - Dec 08, 2024Hindi
Money
I am aged 79 years and lived in my own portion of my house in the bottom portion. Since this house is very very old more than 125 years and the top portion of the house built by tiles only before 75 years. During rain the leakage of hall is inevitable and I told the owner who is widow and have son without any job running 29 years. Besides the actual owner of that portion is no more and his mother also died a year back. She is the wife and after his death the deed is not changed her name till today. She is very adamant and coming to any JV with another Portion at front of the road. Actually the leakage is happening because of the very old house and if the cyclone is heavy we don't know what will happen in that portion. Such a bad position is in the top. portion. Moreover she is not. employed also. Whom shall I report about the condition of the house which is very worst.and may collapse at any time if the rain or cyclone will be very heavy. In my age of 80 years ,I am not able to go outside due to my physical body strain and my wife also havinng severe knee joint pain . How can I go for either to rectify the leakage of my own or ask her to rectify the leakage portion in her portion which is not able to locate the area. Please tell if I go for corporation commissioner to.look and take any action upon seeing the condition of house which is 125 years old. Pl suggest me what shall I do . Thanks
Ans: The house you live in is over 125 years old, posing significant risks.

The upper portion is built with tiles and is more than 75 years old.

Leaks during rains and cyclones have created a hazardous situation.

The owner, who is a widow, has financial and personal constraints.

The property title is not updated in her name, complicating matters further.

Key Challenges Identified

Structural Risks

The old construction and lack of maintenance increase the risk of collapse.
Heavy rains or cyclones can worsen the situation.
Lack of Ownership Clarity

Legal ownership is unclear, complicating your ability to seek redress.
Physical Limitations

Your health and mobility constraints make action difficult.
Your wife's joint pain limits her ability to assist.
Owner’s Reluctance

The owner is unwilling to address the property’s condition.
Immediate Steps to Consider

Document the Issues

Take photographs of the damaged and leaking areas.
Keep records of dates and details of complaints made to the owner.
Consult a Structural Engineer

Request a local engineer to inspect the house.
Obtain a written report highlighting the structural risks.
Report to Local Authorities

Contact the Corporation Commissioner of your city or municipality.
Submit a formal complaint along with the engineer's report.
Explain the risks to your safety and the neighbourhood.
Seek Assistance from Neighbours

Discuss the issue with neighbours who may also face similar risks.
A joint complaint may add weight to your request.
Engaging Legal Support

Consult a Legal Expert

Seek legal advice on rights related to unsafe living conditions.
Understand if you can compel the owner to take corrective action.
File a Grievance Through Legal Channels

If the owner remains uncooperative, file a complaint in the local court.
Highlight the risks posed by the property to public safety.
Explore Tenants’ Rights

If you are considered a tenant, check your rights under local tenancy laws.
Addressing Health and Safety Concerns

Identify Alternative Housing Options

Consider temporary relocation during the monsoon or cyclone season.
Reach out to family or friends for support in finding safer accommodation.
Ensure Emergency Preparedness

Keep essential documents and valuables in waterproof containers.
Prepare an emergency evacuation plan for heavy rains or cyclones.
Leverage Community Support

Seek help from local welfare organisations or senior citizen support groups.
Addressing Financial and Ownership Issues

Advise the Owner to Rectify Ownership Documents

Suggest updating the property title to her name.
This will enable her to access loans or financial assistance for repairs.
Propose Joint Renovation Efforts

Offer to share the cost of minor repairs to address immediate risks.
Discuss this as a temporary measure until she can afford full repairs.
Explore Government Assistance

Check if your municipality offers schemes for old or unsafe buildings.
Apply for support on behalf of the owner if necessary.
Final Insights

The current condition of the house requires urgent attention to prevent a disaster.

Document the issues thoroughly and involve local authorities for a resolution.

Seek legal and structural advice to protect yourself and your family.

Address health and safety concerns proactively to reduce risks during emergencies.

By taking these steps, you can manage this challenging situation effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7239 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 09, 2024

Asked by Anonymous - Dec 08, 2024Hindi
Money
My Current age in 2024 is 36 Years old. Currently I'm earning 90000 ruppes in hand salary monthly and I'm having 1 Kid of 5 Years old and we 3 Live in rented house. I'm also earning averagely 50000 rupees per month from trading and all those income investing it into 5 Small caps Mutual funds as SIP. No plan to buy house till retirement, I'll buy house after my retirement. Salary Income 90000 - All Finish. Trading Income 50000 - Invested all SIP. Now could you please suggest me how to achieve retirement corpus of 25 Crore at age of 60. My Monthly Expenses: (All 90000 Finish every month). 13500 Per month rent lifetime with increase in 10% Per year. 32500 per month Fixed - Personal Loan for next 5.5 Years. 7500 per month Fixed - Car loan for dad for next 5 Years. 12500 per month fixed - Car Loan for self for next 2.5 Years. 24000 for household expenditure for lifetime with increase in 2-3K monthly each year. My Total Assets: Mutual Fund : 14 Lakhs ETF : 13 lakhs Gold : 22 Lakhs EPF + Pension : 2.5 Lakhs FD : 1.25 Lakhs Saving : 2 Lakhs Trading Lumsum : 5 Lakhs
Ans: At 36 years, you have 24 years until your planned retirement at 60.

Your primary income is Rs. 90,000 per month, with an additional Rs. 50,000 from trading.

All salary income is used for living expenses, loans, and household costs.

Your assets include mutual funds (Rs. 14 lakhs), ETFs (Rs. 13 lakhs), gold (Rs. 22 lakhs), EPF (Rs. 2.5 lakhs), FD (Rs. 1.25 lakhs), and savings (Rs. 2 lakhs).

You aim to accumulate Rs. 25 crores for retirement, requiring focused financial planning.

Detailed Analysis of Monthly Commitments

Rent Expense

Rs. 13,500 per month, increasing by 10% annually.
Rent will grow significantly over 24 years, impacting savings potential.
Loan Repayments

Rs. 32,500 for personal loan (5.5 years).
Rs. 7,500 for car loan (5 years for your father).
Rs. 12,500 for car loan (2.5 years for yourself).
Loans will limit savings until they are fully repaid.
Household Expenditures

Current spending is Rs. 24,000 monthly.
Incremental increases will challenge future budgeting.
Investment Goals and Challenges

You aim to create a retirement corpus of Rs. 25 crores by age 60.
Current savings and investments may not suffice without significant growth.
Loan repayments and rising expenses reduce surplus cash flow.
Recommendations to Build a Rs. 25 Crore Corpus

Increase Monthly SIP Contributions

Allocate Rs. 40,000 from trading income to SIPs once loans are cleared.

Focus on equity funds with diversified large-cap, mid-cap, and flexi-cap exposure.

Small-cap funds are good for high growth but add large-cap funds for stability.

Use actively managed funds for better performance over index funds.

Optimise Your Debt Management

Focus on prepaying high-cost personal and car loans with trading profits.

Clearing loans faster will free up Rs. 52,500 monthly for investments.

Avoid unnecessary new loans until existing liabilities are cleared.

Invest Trading Profits Strategically

Allocate Rs. 10-15 lakhs from trading profits to high-growth equity funds.

Use the remaining trading income to gradually prepay loans.

Build a disciplined strategy for trading profits to avoid overexposure to risk.

Gold as a Portfolio Hedge

Retain gold holdings (Rs. 22 lakhs) as a hedge against inflation.
Do not increase gold allocation; focus on equity for higher returns.
Enhance EPF Contributions

Ensure regular EPF contributions continue from your salary.
EPF provides stable and tax-free growth for retirement.
Create an Emergency Fund

Keep Rs. 3-6 months of expenses in liquid funds or savings for emergencies.
Use part of your Rs. 1.25 lakhs in FD and Rs. 2 lakhs in savings for this purpose.
Achieving the Rs. 25 Crore Corpus

Leverage Compounding Benefits

Compounding requires time and consistent investments.
With 24 years, equity funds can generate substantial long-term returns.
Asset Allocation Strategy

Invest 70% in equity funds for high growth.
Allocate 20% to debt mutual funds for stability.
Retain 10% in gold and EPF for inflation protection.
Use Systematic Investment Plans (SIPs)

SIPs ensure disciplined investing, regardless of market fluctuations.
Gradually increase SIP amounts as loans are repaid and income rises.
Tax Efficiency in Investments

Invest in tax-saving ELSS funds within the Rs. 1.5 lakh Section 80C limit.
Plan redemptions from equity and debt funds to minimise capital gains tax.
Final Insights

Focus on prepaying loans and increasing SIP contributions after loan closures.
Diversify investments across equity, debt, and gold for long-term stability.
Use trading income and surplus cash flow strategically for prepayments and investments.
Review your portfolio annually with a Certified Financial Planner for alignment.
By following these steps, achieving a Rs. 25 crore corpus by 60 is feasible.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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Asked by Anonymous - Dec 07, 2024Hindi
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Hi! I have 35 lacs invested in Fixed Deposits. I can keep this amount invested for next 10 years. How should I diversify this investment for maximum return. I am 38yr Male.
Ans: You have Rs. 35 lakhs in FDs, a secure and risk-free investment.

At 38 years, you can afford a higher risk appetite to maximise returns.

A 10-year horizon allows you to benefit from compounding and equity market growth.

Diversification is key for optimising returns and reducing risk exposure.

Equity Mutual Funds for Long-Term Growth

Allocate 60% of your corpus (Rs. 21 lakhs) to diversified equity mutual funds.

Invest in large-cap, mid-cap, and flexi-cap funds for balanced growth.

Equity mutual funds offer potential for high returns over a 10-year horizon.

These funds are actively managed, ensuring better performance than index funds.

Debt Funds for Stability

Allocate 20% (Rs. 7 lakhs) to high-quality debt mutual funds.

Debt funds provide stability and better post-tax returns than FDs.

Use them for medium-term needs and to reduce portfolio volatility.

Choose funds with low credit risk for better safety.

Gold as a Hedge

Allocate 10% (Rs. 3.5 lakhs) to gold via sovereign gold bonds (SGBs).

Gold provides inflation protection and portfolio diversification.

SGBs offer tax benefits and additional interest income.

PPF for Risk-Free Growth

Allocate 10% (Rs. 3.5 lakhs) to Public Provident Fund (PPF).

PPF offers tax-free returns and risk-free investment growth.

Invest the annual limit of Rs. 1.5 lakhs for full tax benefits.

Systematic Investment Approach

Move FD funds to the market gradually via a systematic transfer plan (STP).

STPs reduce market timing risk by investing systematically over time.

This approach ensures smooth transition from fixed-income to market-linked funds.

Tax Efficiency in Investments

Equity mutual funds are tax-efficient for long-term investments.

LTCG tax on equity above Rs. 1.25 lakh is 12.5%.

Debt fund gains are taxed as per your income slab.

Optimise withdrawals to minimise tax outflows.

Portfolio Review and Rebalancing

Review your portfolio annually to maintain the desired asset allocation.

Rebalance to stay aligned with market changes and financial goals.

A Certified Financial Planner can guide you for periodic adjustments.

Emergency Fund Planning

Retain a portion of your FD for emergency purposes (3-6 months' expenses).

Ensure quick access to this fund for unforeseen needs.

Final Insights

Diversify into equity, debt, gold, and PPF for balanced growth.

Focus on long-term wealth creation with a systematic and disciplined approach.

Review investments regularly to align with financial goals and market conditions.

With this plan, your Rs. 35 lakhs can grow significantly in 10 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Samraat

Samraat Jadhav  |2109 Answers  |Ask -

Stock Market Expert - Answered on Dec 09, 2024

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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