ECE in MAIT vs EIC in Thapar: Which is better for me?

Ans: Hi Shilpa Madam,

Greetings!

Based on your percentile, the following courses are available at TIET2: Civil Engineering, Mechanical Engineering, Chemical Engineering, Metallurgy, Mining, and Biotech. However, these options are only available during the CSAB rounds and not through JoSAA.

Since you did not provide your domicile, if your domicile is in Northeast India, you may have better options for more desirable branches.

I suggest considering Mechanical Engineering, as this will allow for online course options related to Computer Science and Engineering (CSE), which can enhance employability in the job market.

It's also worth noting that nowadays, engineering graduates are eligible to work in the pharmaceutical sector, presenting a new job opportunity. Therefore, there is nothing wrong with choosing Mechanical Engineering.
BEST WISHES.

Ans: our investment decision shall be dependent on, first your Risk Profile, Period of investment and your life goals or milestones. Most importantly, one has to have minimum time horizon of 10 years+ if intend to invest in equity MFs for reasonably good returns and getting benefits of power of compounding. Please note that the Asset Allocation based on your Risk Profile and continuity of your investments will be the key determinator for accumulating the desired retirement corpus.
Please connect to a certified financial advisor or Certified Financial Planner for taking the help.

Purshotam, CFP®, MBA, CAIIB, FIII
Certified Financial Planner
Insurance advisor
www.finphoenixinvest.com

Ans: Your investment decision shall be dependent on, first your Risk Profile, Period of investment and your life goals or milestones. Most importantly, one has to have minimum time horizon of 10 years+ if intend to invest in equity MFs for reasonably good returns and getting benefits of power of compounding. Please note that the Asset Allocation based on your Risk Profile and continuity of your investments will be the key determinator for accumulating the desired retirement corpus.
Please connect to a certified financial advisor or Certified Financial Planner for taking the help.

Purshotam, CFP®, MBA, CAIIB, FIII
Certified Financial Planner
Insurance advisor
www.finphoenixinvest.com

Ans: Contact any counsellor in person for one-to-one interaction. Based solely on the date of birth, it is not advisable for us to suggest a career in teaching.

Good luck.
Follow me if you receive this reply.
Radheshyam

Ans: If you passed the CBSE Class 12 in 2022–2024 and then improved to 75% through the NIOS in 2025, you are "Not Eligible" for JEE Advanced 2026 (due to the 2-year limit after the first Class 12 attempt), but you can participate in JoSAA counseling only if you qualify for JEE Main and meet all eligibility rules.

Good luck.
Follow me if you receive this reply.
Radheshyam

Ans: 01. You may start a HUF by getting its seperate PAN number. You are also supposed to open a bank Account in the name of HUF. These are the basic formalities to start an HUF.
02. You as a Karta, can form HUF with your Spouse & Children as members.
03. You can contribution any amount to HUF, annually or monthly.
04. The funds of HUF can be invested any where like, Mutual Funds, Share market or Real Estate etc.
05. You can open a bank account in Tamil Nadu, while having aadhar card in any other state of India.
Most Welcome for further clarifications, if any. Thanks.

Ans: Interest income can be offered to tax on receipt basis or accrual basis. Once method is selected, it should be followed every year.

Thus, if you have offered interest on accrual basis (based on interest certificate/AIS) than you can continue to do the same.

Ans: Hi Pankaj,

It is really great that you have build a good amount at your age. Let us analyse all in detail.

You are looking forward to build a 10 crore retirement corpus in next 10 years. And your current investments include:
- PF - 50 lakhs; 40k monthly contribution will grow it to 2 crores in next 10 years.
- PPF - currently 2 lakhs. Any further contribution is not required as it gives only 7% tax free return. Rather redirect the monthly investment amount to aggressive mutual funds.
- SSY - currently 8 lakhs and further yearly deposit is good for you to continue.
- MF - currently 15 lakhs with a monthly SIP of 1.25 lakhs. This will grow to 4.5 crores if you do a step up of 10% with an assumed CAGR of 13%.
- Another major portion of your current assets is in real estate which offers less liquidity as compared to other assets. Total net value is 28 lakhs + 25 lakhs + 90 lakhs + 1 crore >> totalling to 2.4 crores and a loan of 67 lakhs. (not counting the self use flat as that is a necessity, not an asset that you will sell).

You are considering selling your flat worth 50 lakhs from which you will get 28 lakhs. You can reinvest this entire amount in mutual funds to meet education requirement for your daughter's education.
Although this amount will not be sufficient, you will need more monthly or lumpsum investment for this particular goal.

>> Your goal to reach 10 crores after 10 years will only fulfil if you liquidate another 1 or 2 properties that you hold. This will lessen the burden of education goal, release your EMI burden and increase your focus on increasing monthly SIP to more than double of the current value.

This way you can fulfil your goals. But make sure that the funds you are currently investing in are as per your risk appetite and other factors. Any misalignment can negate the overall required performance.
Thus it is better for you to connect with a professional advisor who will help you wrt mutual fund investment.

Hence do consult a a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Madhumohite,

The funds mentioned and selected by you are not recommended due to their concentrated nature, these will underperform for quite a while more and will take a good time to recover.
Markets are quite volatile and you should ideally wait for some more time.

In the meantime, avoid investing in new funds. Also please share how you selected these funds - your own research or someone's recommendation?
In either case, avoid doing that. Instead connect with a professional and he/ she will guide you appropriately.

HDFC Balanced fund is a good fund, rest all funds need reallocation.

Hence do consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/