I Made a DOB Error in JEE Main Application - What Should I Do?

Ans: Sainik Schools are a network of schools in India that aim to provide quality education and prepare students for careers in the Indian Armed Forces. The All India Sainik Schools Entrance Examination (AISSEE) is conducted for students in Class VI and Class IX. Eligibility criteria for AISSEE 2025 include age limit (10-12 years) for Class VI and 13-15 years for Class IX. Educational qualifications for Class VI and Class IX include passing Class V from a recognized school and being Indian citizens.

The AISSEE exam consists of Objective Type (Multiple Choice) Questions, with subjects including Mathematics, General Knowledge, Language, and Intelligence Test. Candidates can apply online through the official Sainik School website, fill out the application form, upload required documents, pay the application fee, download the Admit Card, and appear at the exam center on the scheduled date.

Results and merit lists will be declared on the official website of aissee, and shortlisted candidates will undergo a medical examination as part of the final selection process. Final selection is based on written exam marks, medical fitness, and merit rank. Important dates for 2025-26 Session include online application starting in November 2025, exam date in January 2026, result declaration in February 2026, and medical examination in March-April 2025. Schools are spread across India and may have different admission protocols.



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Ans: You own a house and a property worth Rs 28 lakh. These are valuable assets. Your income is Rs 33,000 per month. You need to plan for your children’s education, daughter’s marriage, and retirement. Start step by step.

Build an Emergency Fund
Set aside 3–6 months of expenses for emergencies. Begin small with Rs 3,000–5,000 monthly savings. Use a bank savings account or liquid mutual fund. This fund provides security in tough times.

Secure Your Family with Term Insurance
Buy a term insurance policy for at least Rs 50 lakh. This protects your family financially in your absence. Premiums are affordable and provide peace of mind.

Health Insurance is Essential
Buy a family floater health insurance plan. Ensure coverage of at least Rs 10 lakh. This protects against medical expenses and reduces financial strain.

Create a Monthly Budget
Track your monthly expenses and income. Allocate a portion to savings and investments. Prioritise essential expenses over luxuries.

Plan for Children’s Education
Start investing for your children’s higher education. Open a recurring deposit or invest in a child-specific mutual fund plan. Begin with small contributions and increase them gradually.

Plan for Daughter’s Marriage
Allocate a portion of the Rs 28 lakh property for this goal. You can sell it in the future when needed. Start a small savings plan to support this goal as well.

Start Investing in Mutual Funds
Invest in mutual funds for long-term goals like retirement. Begin with Rs 2,000–3,000 per month. Choose diversified or balanced funds for steady growth.

Sell the Gifted Property Strategically
Keep the property for now unless urgent funds are required. Use its value as a backup for future needs like education or marriage.

Focus on Retirement Planning
You must plan for retirement as a priority. Start a Public Provident Fund (PPF) account for tax-free savings. Consider investing in mutual funds for long-term growth.

Benefits of Regular Funds and CFP Guidance
Investing through regular funds provides professional advice. Certified Financial Planners guide you with tailored strategies. They align your investments with your goals.

Avoid Direct and Index Funds
Direct funds lack professional guidance. Index funds only mirror the market and may underperform actively managed funds. Actively managed funds offer higher growth potential with expert management.

Monitor Tax Implications
Equity mutual funds’ LTCG above Rs 1.25 lakh is taxed at 12.5%. STCG is taxed at 20%. Plan your withdrawals strategically to minimise taxes.

Teach Financial Discipline
Educate your children about savings and budgeting. Encourage them to value money and save wisely.

Finally
Focus on one goal at a time. Build an emergency fund first. Secure your family with insurance. Start investing small amounts for long-term goals. Seek guidance from a Certified Financial Planner for better results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: A market dip presents a unique opportunity for SIP investors. Assess your SIP contributions. Ensure they align with your long-term financial goals. Market fluctuations are normal and temporary.

Benefits of Market Corrections
When markets drop, you get more units for the same SIP amount. This is rupee cost averaging in action. Over time, it reduces the average cost per unit. This helps in compounding returns.

Should You Increase SIP Contributions?
Increasing SIPs in a market dip can be rewarding. If your finances allow, enhance contributions. It amplifies long-term wealth creation. But avoid overburdening your budget.

Revisit Financial Goals
Ensure SIPs match your future aspirations. Align them with your retirement, child’s education, or wealth-building goals. Clarity helps maintain focus.

Assess Risk Appetite
Understand your risk tolerance during volatile markets. Stick to your planned asset allocation. Avoid panic-driven decisions.

Avoid Stopping SIPs
Stopping SIPs during corrections hampers wealth creation. Continue investing regularly. It benefits from market recovery.

Monitor Fund Performance
Track the performance of your selected funds. Ensure they meet benchmarks and objectives. Replace underperformers with better alternatives if needed.

Benefits of Regular Fund Investing with CFP
Regular funds provide professional guidance. They include a Certified Financial Planner’s expertise. Direct funds lack advisory benefits. They might miss personalized strategies.

Actively Managed Funds Over Index Funds
Index funds follow the market. They don’t outperform it. Actively managed funds can beat indices. Fund managers identify growth opportunities.

Tax Implications of Selling SIP Units
Equity funds’ LTCG above Rs 1.25 lakh is taxed at 12.5%. STCG is taxed at 20%. Debt fund gains are taxed as per your slab. Plan redemptions wisely.

Focus on Long-Term Vision
Market fluctuations are temporary. SIPs are for long-term goals. Patience ensures better results.

Maintain Emergency Corpus
Ensure an emergency fund before increasing SIPs. It covers unexpected expenses. It prevents financial stress.

Review Insurance Policies
Check existing LIC or ULIP policies. They may offer lower returns. Consider surrendering low-performing policies. Reinvest in mutual funds for better growth.

Seek Certified Financial Planner’s Guidance
A Certified Financial Planner offers personalized advice. They align investments with your goals. They help maximize returns.

Finally
Market dips are opportunities, not threats. Continue SIPs with discipline. Align contributions with goals and risk. Seek professional guidance when needed.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: Yes, the recent decline in Indian equity markets can be attributed to a combination of government policy announcements and macroeconomic changes.
1. Government Policy Announcements: Recent policy changes, such as the new regulations on digital payments and fintech companies, have created uncertainty among investors. Additionally, the introduction of higher taxes on certain sectors has also contributed to market volatility.
2. Macroeconomic Changes: The global economic slowdown and rising inflation rates have had a significant impact on investor sentiment. The delayed monsoon season and its effect on agricultural output have also played a role in the market's decline.
These factors combined have led to a decrease in investor confidence and a subsequent drop in equity market performance.

Ans: To claim capital gain tax exemption, owner is required to invest gain amount in new property. So if your mother buy property in your name, she will be liable to pay capital gain tax.

Ans: Let's address your queries one by one:
1. After payment of Estate Duty in the USA, when the brokerage is allowed to release the shares, where will the shares of C have to be kept?
o Once the Estate Duty is paid, the brokerage can release the shares. Since C is a minor, his 50% share should be kept in a custodial account until he reaches the age of majority. The shares cannot be sold and the money parked in a bank account in India without following proper legal procedures and tax regulations.
2. When a part of the shares are sold by the brokerage for payment of Estate Duty, will the sale price attract capital gains tax?
o Yes, the sale price will attract capital gains tax. The capital gains tax will be calculated based on the difference between the sale price and the fair market value of the shares at the date of death.
3. What will be the cost of acquisition for B & C? Will it be the price at which the shares were originally acquired or the price on the date of death of the holder (this is the rate which has been considered for calculation of the Estate Duty)?
o The cost of acquisition for B and C will be the fair market value of the shares on the date of death of the holder. This value is used for calculating the Estate Duty.
I hope this helps clarify things. If you have any more questions or need further assistance, feel free to ask.

Ans: 65yrs Midcap not comfortable, your focus should be more towards capital preservation now.

Ans: its ok to have 2 accounts, if you have accounting issues then you can switch to one Both are good.

Ans: Not comfortable with the following if your vision is for 10yrs plus:
Easemytrip
IEX
NCC
Redigton
Suzlon