I'm about to complete my PG in MSC organic chemistry this year ? What are the career optionsbl like jobs and Internships Can check for after this?

Ans: You are 31 and investing early. That is a big advantage.

You also have no loans. That gives you freedom.

You aim to reach Rs. 3 crore in 5–6 years. This is bold but possible with discipline.

Let’s break this down step-by-step with a detailed plan.

 

Assessing Your Present Financial Situation

Your total investments are around Rs. 24.3 lakhs.

 

Your monthly rent is Rs. 22,000. Your living expenses are Rs. 16,000.

 

This means your basic expenses are Rs. 38,000 monthly.

 

If you earn Rs. 1.5 lakhs or more, you can save over Rs. 1 lakh monthly.

 

Your current portfolio is high-risk, tilted toward equity and stocks.

 

This is fine for wealth creation, but you need balance too.

 

High growth needs high returns. But without control, it may backfire.

 

Goal of Rs. 3 crore in 5–6 years means you need sharp returns and focused investing.

 

Understanding the Goal More Clearly

Rs. 3 crore in 5–6 years is an ambitious target.

 

For this, you need both high savings and high returns.

 

Even a 20% return won’t be enough unless you save big.

 

So, it’s not just investing, saving aggressively is the key.

 

We will also need to reduce lifestyle inflation in the meantime.

 

You have no dependents. This is the right time to take calculated risks.

 

But don’t go too aggressive in stocks without a strategy.

 

Crafting Your Ideal Saving Pattern

Save at least Rs. 1 lakh every month for this goal.

 

Avoid buying gadgets or unnecessary upgrades in lifestyle.

 

Review all monthly spending. Cut what is not useful.

 

Put a target on fixed savings. Make it automatic through SIPs.

 

Track your income and expenses every week or every month.

 

Even saving Rs. 1.2 lakh per month with 14% returns helps you hit the target.

 

Building a Solid Investment Structure

Your equity holding is already large. Now bring structure to it.

 

You need a balanced mutual fund portfolio now.

 

Mix large cap, flexi cap, and small/mid cap categories.

 

Avoid sector funds or thematic bets now. They bring uneven risk.

 

Avoid direct stocks if you lack regular review time and market knowledge.

 

Stick to regular mutual funds. They offer better guidance and review by experts.

 

Direct mutual funds lack the advisory edge. Regular plans via Certified Financial Planner are better.

 

A Certified Financial Planner also helps align your risk to your goals.

 

Regular plans are better for most investors aiming for financial freedom.

 

Avoid index funds. They don’t generate alpha during sideways or falling markets.

 

Actively managed funds outperform in such conditions with better allocation.

 

Do not depend only on equity stocks. Add mutual funds for consistency.

 

Don’t invest in annuities. They are illiquid and give poor returns.

 

Avoid FDs too. They are not tax-efficient and will not beat inflation.

 

Instead, invest with a proper asset allocation model.

 

Insurance and Emergency Planning

You have no medical liabilities today. Still, take a health insurance policy.

 

A single health event can disturb your entire goal planning.

 

Buy a term insurance policy too. It’s cheap at your age.

 

Protecting your income is as important as growing it.

 

Emergency fund is not visible in your current setup.

 

Keep at least Rs. 2–3 lakhs in a separate liquid account.

 

Do not use equity for emergencies. Use savings account or liquid funds.

 

Review Your Stock Portfolio Now

Rs. 23.4 lakh is in stocks. You need to analyse them deeply.

 

Check if they are quality companies with strong balance sheets.

 

Exit the ones that are speculative or not performing.

 

You can shift some of this money into mutual funds slowly.

 

That way, you reduce risk while keeping return expectations realistic.

 

Get help from a Certified Financial Planner to review your stock list.

 

Emotional attachment to stocks should be avoided.

 

Stick with companies that have strong earnings visibility and leadership.

 

Track quarterly results of stocks. Act fast if fundamentals worsen.

 

Planning Your SIP Strategy for Wealth Growth

Monthly SIPs are your biggest weapon now.

 

Begin Rs. 1 lakh SIP in a structured mutual fund portfolio.

 

Divide across flexi cap, large and mid cap, and small cap.

 

Avoid NFOs or new funds. Stick with consistent performers.

 

Set SIP date closer to your salary date to avoid spending temptations.

 

Review funds once a year. Don’t change them every few months.

 

Stick to long-term winners and remove underperformers after two years.

 

Use STP (Systematic Transfer Plan) if you have lumpsum in savings.

 

Tax Efficiency Matters

Keep taxes in mind while redeeming funds in future.

 

LTCG from equity funds above Rs. 1.25 lakh is taxed at 12.5%.

 

STCG from equity funds is taxed at 20%.

 

For debt funds, all capital gains are taxed as per your tax slab.

 

Plan redemptions based on tax calendar and goal timelines.

 

Don’t let taxes eat your compounding advantage.

 

Asset Allocation Strategy for Long-Term

Do not keep all money in one basket.

 

At least 10% should be in safe liquid assets.

 

Keep 70–80% in mutual funds across categories.

 

Balance the rest in short-term instruments for liquidity.

 

Gold should be avoided for this particular goal. It is not growth-friendly.

 

Real estate is not recommended. High ticket size and low liquidity are issues.

 

Regular Portfolio Review Is Must

Review your full portfolio once every six months.

 

Rebalance if one asset grows too large or underperforms badly.

 

Track goals, savings, investments, and expenses every quarter.

 

Don’t chase returns. Stick with plan and discipline.

 

Take support of a Certified Financial Planner to help you stay on track.

 

Building Multiple Income Streams

You are young. Explore second income streams.

 

Freelance work, weekend projects or consulting can help boost savings.

 

These incomes should go directly into SIPs or investments.

 

Avoid spending extra income. Let it power your wealth engine.

 

Build income streams around your skills or hobbies.

 

Finally

You are starting at the right time. That itself is a great asset.

 

You have no loans, no major expenses, and full freedom to save.

 

But without structure, your efforts may not give results.

 

Bring discipline, monthly saving habits, and smart investing.

 

Rs. 3 crore in 5–6 years is tough, but not impossible.

 

Use mutual funds wisely. Review stocks. Control lifestyle inflation.

 

Avoid index funds, annuities, and real estate.

 

Avoid direct mutual funds. Choose regular funds through a CFP for better tracking.

 

Take health cover and build emergency fund.

 

Keep working towards this goal with patience and monitoring.

 

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

Ans: Hi Marks,

I understand that you initially applied under the general category, but now you wish to apply for EWS. Is that correct?

I want to caution you that this change in your application could raise suspicions about your intentions and activities. Ideally, you should have submitted the EWS application from the outset. If you have obtained the EWS certificate recently, it may still be valid, even if your initial application was submitted earlier for administrative reasons. However, it must be genuine.

If the agency suspects any inconsistencies, you could find yourself in a difficult situation. Since you initially declared yourself as belonging to the general category, switching to EWS later may lead to complications. I strongly advise against taking shortcuts, as it could result in serious consequences down the line.

BEST WISHES.
POOCHO. LIFE CHANGE KARO.

Ans: You are doing quite well at your age.

At 21, earning Rs. 1 lakh per month is a very good start.

Also, having Rs. 4 lakhs already invested shows good financial discipline.

Wanting to save for your sister’s wedding is a noble goal.

Let us now plan how you can build Rs. 10 lakhs in 12 months.

We will assess this from all angles.

We will keep the plan simple, practical and focused.

Understand Your Savings Target Clearly

You want to save Rs. 10 lakhs in 1 year.

That means around Rs. 83,000 per month.

This is more than 80% of your salary.

This will be tough, but not impossible.

You must be ready to sacrifice lifestyle for one year.

This is the first mindset shift needed now.

Review Your Current Income and Expenses

Let us understand where your salary goes.

Take a notebook. Write monthly fixed expenses.

Include rent, food, travel, phone bills, etc.

Also write any subscriptions or online spends.

Check how much is left after all this.

That leftover is your monthly surplus.

You need to increase this surplus to Rs. 80,000 or more.

You must track this every single month without fail.

Use a simple budget sheet if you want.

Cut Non-Essential Expenses Aggressively

You are young. Social life may demand spending.

But for this one year, keep expenses very low.

No online shopping unless fully needed.

No luxury dining or weekend splurges.

Avoid gadgets or travel plans now.

Also cut down entertainment, streaming and subscriptions.

Focus only on family and basic needs.

This one year of simplicity will pay off later.

Keep Emergency Buffer Aside First

Do not put 100% into saving for wedding.

Keep at least Rs. 50,000 as emergency fund.

Keep this in savings account or liquid instrument.

It is not to be touched unless truly urgent.

Emergencies come without warning. Be prepared.

This gives peace of mind during your savings journey.

Avoid New Loans or EMI Commitments

No need to take loans to save money.

Also avoid buying gadgets or phones on EMI.

EMI reduces your saving ability month after month.

In fact, reduce or close existing EMIs if any.

Being debt-free gives full control over your money.

Avoid lifestyle inflation during this 12-month period.

Don’t Touch the Rs. 4 Lakhs Already Invested

This is your long-term investment.

You said it’s not accessible, which is good.

Equity needs time to grow. Let it stay.

This is not meant for short-term use.

Also, redeeming equity before time can lead to losses.

There may also be exit load or tax impact.

So do not disturb your existing portfolio.

Open a Separate Account for Wedding Fund

Keep your sister’s wedding fund separate.

Open a new savings or investment account.

Transfer money into it every month without fail.

This builds commitment and mental discipline.

It also keeps you away from accidentally spending it.

Keep this account out of UPI apps or wallets.

Make it less accessible to avoid impulsive usage.

Choose Suitable Monthly Saving Instruments

You can’t keep all money in savings account.

You need to earn better returns on it.

Choose a safe and regular investment method.

Short-term goals need capital protection and moderate growth.

Pick instruments that allow regular monthly deposits.

Also check for liquidity and penalty rules.

Make sure it is not market-linked and high-risk.

Low to moderate risk tools suit your 12-month horizon.

Don’t Invest in Direct Funds for Short Term

You may hear about direct mutual funds.

They seem to offer higher returns due to low expense.

But they give no guidance or regular tracking support.

You must choose funds on your own completely.

Also, you must do all reviews without help.

If you choose wrong fund, it affects returns badly.

Especially for short-term goals, mistakes can cost more.

Instead, prefer regular funds through a CFP-backed MFD.

They review, guide, adjust portfolio, and ensure correct plan.

Avoid Index Funds for this Purpose

Index funds simply follow the market index.

They do not actively manage risks.

They do not shift between sectors when needed.

So, when markets fall, they also fall fully.

For a short-term goal like a wedding, this is risky.

Actively managed funds have research-based flexibility.

They adjust to market conditions smartly.

For one-year goal, active management brings better stability.

Stick to Disciplined Monthly Saving Plan

Saving Rs. 83,000 per month is not easy.

Start by fixing a standing instruction on salary day.

Automate this transfer to your wedding fund account.

Do this before spending on anything else.

If full Rs. 83,000 is not possible now, start lower.

Then increase it every 2–3 months.

If you get bonus or freelance income, add that too.

Even one missed month will delay the target.

So be strict with the system.

Find Small Extra Income Sources

Look for side income during weekends or evenings.

You can try online freelance work or part-time gig.

Even Rs. 5,000–Rs. 10,000 per month helps.

This can speed up your target savings.

Use 100% of extra income only for wedding fund.

You’re young, so energy is your strength.

Utilise free time to build this faster.

Avoid Shortcuts or High-Risk Bets

You may feel tempted by quick-return stocks.

Or your friends may suggest crypto or penny stocks.

Avoid all high-risk ideas for this goal.

Your sister’s wedding is a responsibility, not a gamble.

Don’t take chances with money meant for family event.

Safety is more important than high returns now.

Stick to low-risk saving methods with predictable results.

Track Progress Every Month Without Fail

At month-end, review your saving balance.

See if you’re on track for Rs. 10 lakhs.

If you’re falling behind, increase savings next month.

Or reduce any new unnecessary expense.

This helps you catch problems early.

Use a simple Excel or notebook for tracking.

Reviewing keeps you focused on your goal.

Do this even if you feel lazy.

Celebrate Small Wins Along the Way

Every 2–3 months, check how much you saved.

If you hit milestones like Rs. 3 lakhs or Rs. 6 lakhs, feel proud.

But don’t reward yourself with spending.

Instead, just feel mentally strong and continue.

This helps you stay motivated across 12 months.

Saving for a family event brings deep satisfaction.

Use that emotion to stay committed.

Plan for Wedding Expenses in Advance

You also need to plan how the Rs. 10 lakhs will be used.

List all likely expenses: venue, food, clothes, gifts.

Discuss with family what’s needed and what’s optional.

Try to fix a budget early.

This avoids overspending during emotional moments.

If you plan spending early, your saving will feel more purposeful.

Talk to a Certified Financial Planner Later

After the wedding, don’t stop your good habits.

You will be free from this short-term goal then.

Start building wealth for your long-term needs.

Meet a Certified Financial Planner after this year.

They will help you plan your next financial goals.

They will build your investment path with clarity.

Start mutual fund SIP through regular plans via a CFP-backed MFD.

This ensures monitoring and personalised advice.

Avoid going into investment alone without support.

Finally

Saving Rs. 10 lakhs in 12 months is ambitious.

But not impossible if you plan and act.

You are still young, so discipline matters more now.

Use this goal as a financial training ground.

It will shape your future habits and strength.

Be strict, focused, and consistent.

Every month matters. Every rupee counts.

Don’t chase fancy returns. Choose peace and certainty.

Your sister’s wedding will be a proud moment.

And so will be your financial effort behind it.

Stay committed. Stay calm. Stay focused.

You are already on the right path.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Ans: You are carrying a high debt load right now.

Rs. 15 lakhs debt is a big burden at your income level.

You also have multiple loans—personal, credit card, payday.

This type of debt mix has high interest rates.

Payday loans and credit cards can charge over 30% yearly.

That is eating into your income each month.

You also share a Rs. 23,000 EMI for home loan with your wife.

And your take-home salary is only Rs. 56,400.

This is leading to monthly stress and recovery agent calls.

It is good that you reached out now before things get worse.

Understand the Complete Picture

Let’s assess your monthly cash flow first.

Half of Rs. 23,000 EMI is Rs. 11,500—your home loan share.

Personal loan, payday loans and credit card dues need exact monthly outgo.

Assuming Rs. 15,000 to Rs. 20,000 is going towards those debts.

Then total EMI burden could be Rs. 30,000 or more every month.

That leaves you only Rs. 26,000 or less for living expenses.

This is very tight. It won’t allow any savings or emergency fund.

Why Recovery Calls Are Not Stopping

Recovery calls come when you miss or delay payments.

If credit card EMIs or personal loan dues are unpaid, banks act quickly.

They report to CIBIL and call or visit you often.

Even if you pay minimum due, interest keeps rising.

Over time, the debt grows faster than you can repay.

This is why the pressure keeps increasing month after month.

It becomes a cycle that feels hard to break.

Immediate Steps to Stop the Damage

You must now act fast and decisively.

This is not the time to think about investing.

Clearing debt should be your only financial goal now.

Here are the most critical steps to take.

List All Loans Clearly

Write down all your loans on a paper.

Note lender, loan amount, interest rate and EMI.

Include credit cards and payday loans in this list.

Also mark whether each one is secured or unsecured.

Prepare a Simple Budget Sheet

Write your income, fixed EMIs, groceries, travel and other bills.

Keep this very simple, on paper or Excel.

Identify how much money is left after necessary expenses.

That surplus must go only to repay debt.

Stop Using Credit Cards Right Away

Don’t swipe credit cards from today.

Stop paying only minimum due—pay as much as possible.

Minimum due is a trap. It increases total debt faster.

Destroy or block all but one emergency-use card.

Speak to Lenders for Restructuring

Call each bank and ask for EMI restructuring.

Many banks give longer tenure and lower EMI options.

Also ask for personal loan top-up if needed.

Don’t hide or avoid calls—speak honestly and firmly.

Consolidate Your Loans into One

This is very useful when multiple loans are hard to manage.

Take one lower-interest personal loan if eligible.

Use it to pay off high-interest payday loans and credit cards.

Then you’ll have one EMI instead of many.

This makes things more organised and easy to control.

Build a Structured Debt Repayment Plan

You need to prioritise your loans properly now.

Payday loans come first because they have highest interest.

Then focus on credit cards next.

Then comes personal loan.

Home loan is the last priority—do not delay EMI.

Here’s how you should go about it:

Use Debt Snowball or Avalanche Method

Either pay smallest loans first to gain confidence (snowball).

Or pay highest interest loans first to save money (avalanche).

Choose one method and stick to it till full repayment.

Speak to a Certified Financial Planner

A Certified Financial Planner can create a debt recovery strategy.

They can also help negotiate terms with banks.

Choose someone with experience and CFP credentials.

Do not take help from unregistered agencies.

Reduce Expenses Aggressively for 6–12 Months

This phase needs sacrifice and discipline.

Reduce all optional spends like eating out, entertainment or travel.

Control online shopping and streaming subscriptions.

Buy groceries in bulk and cook at home.

Use only public transport if possible.

Involve your wife and family in these changes.

Share your repayment plan with them honestly.

Generate Extra Income or Cash Flow

You can’t cut expenses beyond a point.

So now think about boosting income.

You mentioned you have gold but can’t use it.

If possible, speak to your wife or family again.

If they agree, pledge gold for short-term loan at low interest.

Use that to pay off payday loan or credit card.

Gold loan from bank has low interest and no harassment.

If gold is not an option, try these:

Take a Weekend Freelance Job

Many online sites offer part-time work.

You can teach, write, code or assist remotely.

Even Rs. 5,000 monthly extra helps in repayments.

Speak to Family for a Temporary Loan

Ask for a one-time help to close payday loan.

Share clear plan to repay them within 6–12 months.

Keep their trust by being open and responsible.

Check for Work Allowances or Bonus

Some companies give yearly bonus or performance pay.

If any bonus is expected, plan to use that for repayment.

Don’t spend bonus on gadgets or lifestyle upgrades.

Avoid These Common Mistakes

People under debt stress often make wrong money moves.

You must avoid these mistakes now:

Don’t Take Loan From App Lenders

Many app-based lenders charge 50–100% interest.

They also misuse contacts and photos.

Never borrow from unregulated digital lenders.

Don’t Break PF or NPS Now

These are your retirement funds. Don’t withdraw them.

Let them grow over time without disturbance.

Don’t Borrow to Invest

Never take loan to invest in mutual funds.

That is very risky and can increase your problem.

Investments should start only after debt is cleared.

When to Start Mutual Fund Investments

You must become debt-free first.

Then build 3–6 months emergency fund.

Only after that, you can begin monthly SIP.

Mutual funds are good for long term wealth.

But debt clearance must be done first.

Once stable, you can start with small amounts.

Prefer regular funds through a Certified Financial Planner.

Protect Your Credit Score from Falling More

Your CIBIL score is likely low now.

Missed EMIs and card defaults hurt credit badly.

But it can be improved over time with steps like:

Pay All EMIs on Time Going Forward

Don’t delay even one EMI now.

Set reminders and auto-debit if needed.

Clear Overdue Cards First

Once you clear overdue, inform bank to update CIBIL.

It takes 2–3 months to show changes.

Avoid Taking New Loans

No new loan applications for next 1 year.

Focus only on reducing existing debt.

Mental Health and Family Support

Debt stress can affect sleep, mood and mental peace.

You may feel low, angry or helpless.

Speak to your spouse and share things clearly.

Don’t suffer alone or hide things.

Debt is temporary. It can be cleared with a plan.

A united family approach helps a lot.

Stay calm and think about the next step only.

Keep improving your habits slowly every week.

Finally

You are going through a very tough financial phase.

But you still have job income and family support.

You have not yet defaulted on everything.

So things can still be corrected and rebuilt.

With 12–18 months of serious effort, debt can be cleared.

Be patient. Be consistent. Be disciplined.

Once out of debt, you can restart investing with SIP.

And rebuild your financial life with confidence.

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

Ans: You have taken some responsible steps already. Owning a house at 30 is a big milestone. It shows commitment and maturity. You also show discipline by repaying your brother-in-law regularly. Let us now take a 360-degree view of your financial life. The goal is to build stability and begin investing in mutual funds wisely.

Here is a detailed and structured plan for you.

 
 
 

Income and Cash Flow Assessment
Your in-hand monthly salary is Rs. 60,000. Quarterly, you get Rs. 18,000 extra.

 
 
 

That works out to around Rs. 65,000 per month on average.

 
 
 

You are paying Rs. 18,257 for your home loan.

 
 
 

You also pay Rs. 23,000 to your brother-in-law monthly.

 
 
 

Together, your monthly loan outgo is Rs. 41,257.

 
 
 

You are left with around Rs. 23,000 per month for all expenses and savings.

 
 
 

At this stage, the cash flow is tight. But not unmanageable.

 
 
 

Focus is now on smart budgeting, not just saving.

 
 
 

Let’s now plan to slowly move towards surplus creation.

 
 
 

Household Budget Rebalancing
Start with tracking every rupee you spend for three months.

 
 
 

Use simple notebooks or mobile apps for this.

 
 
 

Identify 2–3 non-essential spending areas.

 
 
 

Cut those expenses gradually.

 
 
 

Target to reduce monthly spends by Rs. 4,000–5,000.

 
 
 

This will help create investment capacity.

 
 
 

You can then begin your mutual fund journey smoothly.

 
 
 

Loan Repayment Priority Strategy
Between the two loans, your brother-in-law’s loan is priority.

 
 
 

It is not interest-based but emotionally important.

 
 
 

Keep paying him Rs. 23,000 consistently.

 
 
 

Do not reduce this until fully repaid.

 
 
 

After it is cleared, redirect this EMI into investments.

 
 
 

That Rs. 23,000 will become your wealth engine.

 
 
 

You may consider prepaying home loan slowly after that.

 
 
 

But don’t rush. Use part for investment too.

 
 
 

Emergency Fund First
Before any investments, set aside safety fund.

 
 
 

You must build emergency savings of at least Rs. 40,000.

 
 
 

Start by saving Rs. 3,000 per month till you reach that.

 
 
 

Keep this in a bank RD or sweep-in FD.

 
 
 

Do not touch this unless it’s truly urgent.

 
 
 

This will help you avoid personal loans or credit card debt.

 
 
 

Health and Life Cover
If not already covered, get a Rs. 5 lakh health cover.

 
 
 

Choose a family floater policy if married.

 
 
 

Buy from reputed insurer with good claim ratio.

 
 
 

Premium will be around Rs. 500 per month.

 
 
 

Also check if you have life insurance.

 
 
 

If not, get a term plan of Rs. 50 lakh.

 
 
 

Cost will be around Rs. 500 to Rs. 800 per month.

 
 
 

Avoid any ULIP or money-back plans.

 
 
 

Beginning Mutual Fund Investment
Start SIPs only after emergency fund and basic covers.

 
 
 

Target SIP of Rs. 2,000–3,000 per month to begin.

 
 
 

As your brother-in-law loan ends, increase SIP step-by-step.

 
 
 

Prefer well-managed active mutual funds.

 
 
 

Actively managed funds have professional fund managers.

 
 
 

They can outperform markets with expertise.

 
 
 

Index funds only mimic the market.

 
 
 

They do not react to changing trends.

 
 
 

This leads to limited alpha generation.

 
 
 

Actively managed funds offer better risk management.

 
 
 

Work with a Mutual Fund Distributor with CFP credentials.

 
 
 

They bring personalisation and regular review to your portfolio.

 
 
 

Direct mutual funds don’t offer this guidance.

 
 
 

Direct route also needs your time and market knowledge.

 
 
 

For salaried investors like you, guided support helps.

 
 
 

Your focus should be on building consistent long-term wealth.

 
 
 

Suggested Investment Allocation Once Loan Ends
Once brother-in-law loan is cleared, use that Rs. 23,000 well.

 
 
 

Split it into: Rs. 3,000 emergency fund, Rs. 2,000 insurance, Rs. 18,000 SIPs.

 
 
 

This will create strong financial muscle over time.

 
 
 

Avoid putting all in one type of fund.

 
 
 

Use a mix of large-cap, flexi-cap and hybrid funds.

 
 
 

Let a CFP-backed advisor design your fund mix.

 
 
 

Do not chase returns or trends.

 
 
 

Stay invested through ups and downs.

 
 
 

Review your SIPs yearly.

 
 
 

Increase them whenever your salary rises.

 
 
 

Avoiding Common Pitfalls
Do not take personal loans for investing.

 
 
 

Avoid credit card debt at all costs.

 
 
 

Do not try to time the market.

 
 
 

Avoid chit funds or unregulated schemes.

 
 
 

Avoid investing in schemes without proper reading.

 
 
 

Do not buy mutual funds from banks.

 
 
 

Bank executives sell based on their targets.

 
 
 

Always check if your advisor is a CFP.

 
 
 

Goal Setting Approach
Have clear goals before investing.

 
 
 

Are you saving for child, retirement, or wealth creation?

 
 
 

Write them down. Assign rough timelines.

 
 
 

This will help you choose right fund categories.

 
 
 

Having goals keeps you motivated to invest.

 
 
 

Stay away from FOMO-based investments.

 
 
 

Let your goals guide you, not markets.

 
 
 

Tax Consideration and Smart Planning
Use SIPs in equity mutual funds for tax efficiency.

 
 
 

Gains after one year are long-term capital gains.

 
 
 

You get exemption up to Rs. 1.25 lakh per year.

 
 
 

Beyond that, gains are taxed at 12.5%.

 
 
 

If redeemed before a year, STCG is taxed at 20%.

 
 
 

Don’t withdraw unless needed. Let compounding work.

 
 
 

Plan redemptions around goals to save tax.

 
 
 

Finally
You are in a decent position for your age.

 
 
 

Focus on clearing the family loan first.

 
 
 

Start slow and steady with SIPs.

 
 
 

Build emergency savings for confidence.

 
 
 

Protect yourself with health and term covers.

 
 
 

Work with a Mutual Fund Distributor having CFP qualification.

 
 
 

Avoid index funds and direct mutual fund route.

 
 
 

Keep your investments simple and long-term focused.

 
 
 

Avoid real estate or exotic products at this stage.

 
 
 

Regular saving with guidance will lead to stability.

 
 
 

You have already made smart choices. Now sharpen them.

 
 
 

Stay consistent and review yearly. You will see great results.

 
 
 

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

Ans: Hello dear.
First of all, congratulations on choosing the NDA path. Here are some key points on which you can focus (1) Build a strong foundation in Maths, Science, and English. (2) Focus on developing physical strength (3) Master in MAT (Mental Ability Test) and GAT (General Ability Test) (4) Begin NDA prep in Class 11 via coaching or self-study. (5) Develop communication skills, discipline, and confidence. (6) Keep updates on current affairs (7) Try to appear for few competitive examinations held at schooling level
Follow me if you like the reply. Thanks
Radheshyam

Ans: Hello Dear
Given your PCM score of 51% and overall aggregate of 62%, you do not meet the minimum eligibility criteria for GFTIs. (Minimum requirement is 75%). With a 51% score, you might not be eligible for VIT and SRM
Suggestions: (1) Consider Other Institutions: Explore universities or colleges with more flexible eligibility criteria that align with your academic profile. (2) Appear for improvement examination (3) Try alternate courses (4) If you are financially sound, try for a private engineering college
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Radheshyam

Ans: Hi Nidhi,
greetings.
According to the prospectus, you are not eligible for admission to KIIT for the B.Tech in Biotechnology program.
The basic requirement for B.Tech and M.Tech in Biotechnology is that you must pass 10+2 or an equivalent exam with at least 60% marks in Physics, Chemistry, and Mathematics/Biology/Biotechnology combined.

Since you have only achieved 50%, I recommend considering other courses such as Nursing or Pharmacy instead of Biotechnology.

BEST WISHES.
POOCHO. LIFE CHANGE KARO.

Ans: Hi,

Punjab is not a district; it is a state. To gain admission into an undergraduate (UG) program, you must either write an entrance exam or go through the state selection board. Given this context, it is challenging to provide specific advice.

If you are interested in pursuing pharmacy, visit the website of the respective college to find information about the Standards of Instruction for Pharmacy (SIF) through the Pharmacy Council of India (PCI). The institution may have shared important details about their programs. You can choose colleges based on their infrastructure.

Don’t focus solely on placements. If you have the right skills, you will naturally secure a placement. However, do not stop at completing your UG; you should also aim to pursue a postgraduate (PG) program, as it will provide you with more exposure.

If financial constraints prevent you from pursuing PG studies, consider entering pharma marketing after completing your UG. There are plenty of opportunities to excel in marketing.

If you would like get more information, please come to me with a selected list of colleges, and I will be able to assist you further.

BEST WISHES.
POOCHO. LIFE CHANGE KARO.