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48-Year-Old Seeking Retirement Savings Advice: How Much to Invest Monthly?

Ramalingam

Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 23, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Nov 26, 2024Hindi
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I'm 48 years old and how much monthly SIP would be required (and in which funds) to have a retirement corpus of 2.70 crore by the age of 60; expecting 6% interest on that corpus (16,20,000) in order to have a monthly SWP of 1,35,000 (16,20,000÷12).

Ans: Your retirement goal is clear. You need a corpus of Rs 2.70 crore at age 60. This will generate Rs 1.35 lakh monthly through a 6% annual return. Let us evaluate how to achieve this corpus through a disciplined SIP approach.

1. Evaluating the Corpus Requirement
Your target corpus is Rs 2.70 crore. This corpus will provide Rs 1.35 lakh per month.

A return of 6% annually on Rs 2.70 crore meets your SWP need.

We will now calculate the SIP amount needed to accumulate Rs 2.70 crore.

2. Selecting Suitable Fund Categories
Large-Cap Funds: These offer stability and consistent growth over the long term. They are less volatile and ideal for a core portfolio.

Flexi-Cap Funds: These diversify across market caps and sectors, offering balanced risk and reward.

Mid-Cap Funds: These provide higher growth potential for wealth creation. However, they require a longer time horizon.

Balanced Advantage Funds: These manage equity and debt exposure dynamically, offering lower risk during market fluctuations.

3. SIP Allocation Strategy
Distribute your SIP across these fund categories.

Allocate more towards large-cap and flexi-cap funds for stability.

Allocate a smaller portion to mid-cap funds for higher growth potential.

Include balanced advantage funds to reduce overall risk in the portfolio.

4. Role of Time and Discipline
You have 12 years to build this corpus. This period allows compounding to work effectively.

Start SIPs immediately. The earlier you begin, the lower your required monthly investment.

Maintain consistency in SIP contributions, even during market corrections.

5. Avoid Index Funds and Direct Funds
Index funds only mirror the market and lack active management. They may not outperform in the long run.

Actively managed funds, chosen through a Certified Financial Planner, can outperform the market.

Direct funds require market expertise. Regular funds offer professional fund management and guidance.

6. Tax Considerations
Long-term capital gains (LTCG) on equity funds are taxed at 12.5% beyond Rs 1.25 lakh.

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

Plan withdrawals strategically during retirement to minimise taxes.

7. Inflation-Proofing Your Plan
Factor in inflation for both your SIP contributions and withdrawal needs.

A higher SIP amount today ensures a larger corpus tomorrow.

Equity funds help counter long-term inflation effectively.

8. Periodic Review of Investments
Review your portfolio annually.

Rebalance funds to ensure alignment with your retirement goal.

A Certified Financial Planner can help fine-tune your plan.

9. Estimating SIP Amount
To accumulate Rs 2.70 crore in 12 years, SIP contributions depend on expected returns.

Assume returns of 10-12% annually from a well-diversified portfolio.

Higher returns lower the monthly SIP required.

Begin with a realistic SIP amount and increase it by 5-10% yearly.

10. Create an Emergency Fund
Maintain 6-12 months of expenses in a liquid fund.

This avoids disrupting your SIPs during unexpected events.

Finally
Your goal is achievable with consistent effort and proper planning. Start SIPs today and remain disciplined. A diversified portfolio, regular reviews, and professional guidance will ensure success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - May 03, 2024Hindi
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Hello, I am 58 year old male and in another 6 months I will be retiring from my service. I have been investigating in SIPs from last about 8 years and current amount in SIPs is ? 1.15 Crore and I will get retirement benefits of ? 35 Lacs. With total Corpus of ? 1.5 Crore after 6 months in SWP, can I get monthly pension of ? 65,000 per month for next 23 years till I turn 82 years ? During this 23 year tenure, I wish to increase my pension by 6% every year to take care of Inflation impact - is my Corpus of ? 1.5 Crore is good enough for this requirement ? If not, how much Corpus should I Target ?
Ans: Congratulations on your impending retirement. Let's assess your financial situation and retirement goals:

Your current SIP investments amounting to 1.15 Crore and anticipated retirement benefits of 35 Lacs provide a solid foundation for your retirement corpus.

With a total corpus of 1.5 Crore, you're considering setting up a Systematic Withdrawal Plan (SWP) to generate a monthly pension.

A monthly pension of 65,000 for the next 23 years, with an annual increase of 6% to combat inflation, is a thoughtful approach to secure your financial future.

To determine if your corpus is sufficient for this requirement, let's do a quick analysis:

Considering a monthly pension of 65,000 for 23 years with an annual increase of 6%, we need to calculate the total payout required over this period.

This calculation would include both the initial pension amount and the subsequent annual increases to account for inflation.

Next, we'll estimate the total corpus needed to generate this pension amount using a conservative withdrawal rate assumption.

Once we have this figure, we can compare it with your existing corpus of 1.5 Crore to assess the shortfall or surplus.

As a Certified Financial Planner, I recommend considering factors such as anticipated expenses, healthcare costs, and other financial obligations during retirement.

Based on this comprehensive analysis, we can determine the optimal target corpus required to meet your retirement income needs comfortably.

If your existing corpus falls short of the target, we can explore strategies to bridge the gap, such as increasing your SIP contributions or exploring alternative investment options.

Remember, retirement planning is a dynamic process, and it's essential to regularly review and adjust your strategy as needed.

Your proactive approach to retirement planning is commendable, and I'm here to assist you every step of the way.

Together, we'll ensure that you enjoy a secure and fulfilling retirement, free from financial worries.

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Ramalingam

Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

Asked by Anonymous - May 13, 2024Hindi
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I have a current corpus of 2.25 cr. I am 46 yo working having my own business. My yearly SIP is 40 lacs. I have no loan. I want to retire at the age of 65 years. How much corpus will i'll be able to achieve with same SIP taking inflation and 10 to 12% return ?
Ans: Estimating Future Corpus: Projecting Retirement Savings Growth
Your proactive approach towards retirement planning, coupled with a substantial current corpus and significant yearly SIP contributions, sets a strong foundation for achieving your retirement goals. Let's project the potential corpus you could accumulate by the age of 65, considering inflation and expected returns.

Current Financial Situation
Substantial Current Corpus: Your existing corpus of 2.25 crores provides a solid base for wealth accumulation, demonstrating prudent financial management and planning.

Significant Yearly SIP: A yearly SIP of 40 lakhs reflects your commitment to long-term wealth creation and retirement preparedness.

Projecting Future Corpus
Inflation Consideration: Accounting for inflation is essential to ensure your retirement corpus maintains its purchasing power over time. Assuming an average inflation rate of 6-7% annually is prudent.

Expected Returns: With a diversified investment portfolio and an investment horizon of 19 years until retirement, aiming for an average annual return of 10-12% is reasonable, considering historical market performance.

Compounding Effect: The power of compounding amplifies the growth potential of your investments over time, especially with consistent SIP contributions and favorable market conditions.

Estimating Future Corpus
Using a retirement calculator or financial projection tool, we can estimate the potential corpus you could accumulate by the age of 65 based on your current SIP contributions, expected returns, and inflation rate.

Conclusion
By diligently contributing to your SIPs and leveraging the power of compounding, you have the potential to achieve a substantial retirement corpus by the age of 65. Regularly reviewing your investment strategy, adjusting for changing market conditions, and staying disciplined in your savings habits will further enhance your financial security in retirement.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

..Read more

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Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 21, 2024

Asked by Anonymous - Jun 08, 2024Hindi
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I am 35 , with no loans or emi as of now. I have 20 lakhs invested in stocks and 10 lakhs in SGB and 10 lakhs in FD . My monthly income is 2 lakhs . I want to retire by 55 years with a corpus of 5 crores + inflation adjustment. How much SIP is needed and in which instruments ?
Ans: You’ve built a solid financial foundation with no loans or EMIs, which is commendable. Your current investments of Rs. 20 lakhs in stocks, Rs. 10 lakhs in Sovereign Gold Bonds (SGB), and Rs. 10 lakhs in Fixed Deposits (FD) show a diversified approach.

Assessing Your Retirement Goal
You aim to retire by 55 years with a corpus of Rs. 5 crores, adjusted for inflation. This is a realistic goal, given your current financial situation and income. However, achieving this target requires a disciplined and strategic investment approach.

Projecting the Retirement Corpus
To reach Rs. 5 crores in 20 years, considering inflation, you need to focus on investments that offer growth. Inflation can erode your purchasing power, so your investment strategy should aim to outpace inflation.

Monthly SIP Investment Requirement
Based on your goal, investing through SIPs in mutual funds is an effective strategy. However, the exact amount you need to invest monthly depends on several factors, including expected returns, inflation rate, and your current savings.

Start with a Higher SIP Amount: Considering the time horizon and your income, a higher SIP amount is advisable. Aim to start with Rs. 50,000 to Rs. 60,000 per month. This amount will increase your chances of reaching your goal.

Increase SIP Annually: Implement an annual step-up in your SIP, say by 10-15%. This will allow your investment to grow in line with your income and inflation.

Recommended Investment Instruments
Choosing the right instruments is crucial to achieving your retirement corpus. Below are the recommended types of mutual funds and other investment options:

Equity Mutual Funds: Allocate a significant portion to equity mutual funds. These funds have the potential to deliver higher returns over the long term. Consider a mix of large-cap, mid-cap, and multi-cap funds for diversification.

Balanced or Hybrid Funds: These funds offer a balance between equity and debt. They are less volatile than pure equity funds and provide steady growth. This can be a good option as you get closer to retirement.

Debt Funds: A smaller portion of your portfolio should be in debt funds. They offer stability and lower risk. This will help preserve your capital while providing moderate returns.

Sovereign Gold Bonds (SGB): You already have Rs. 10 lakhs in SGB. Gold is a good hedge against inflation, but it shouldn’t form a large part of your portfolio. Maintain your current allocation in SGB.

Fixed Deposits (FD): FDs are safe but offer lower returns. As you approach retirement, you can increase your FD allocation for stability. However, for now, focus on higher-growth investments.

Strategy for Reaching Your Goal
Diversification is Key: Maintain a diversified portfolio across different types of mutual funds. This reduces risk and ensures steady growth.

Regular Portfolio Review: Review your portfolio regularly, at least once a year. Adjust your investments based on market conditions and your changing financial situation.

Stay Disciplined: Consistent investing is crucial. Avoid the temptation to stop SIPs during market downturns. Market corrections are temporary, and staying invested can yield long-term benefits.

Importance of Certified Financial Planner
A Certified Financial Planner (CFP) can help you navigate the complexities of investing. They provide personalized advice, monitor your investments, and make adjustments as needed. This ensures your investment strategy aligns with your financial goals.

Disadvantages of Index Funds and Direct Plans
Index Funds: While they have low costs, index funds often provide average returns. They don’t have the flexibility to outperform the market, which is crucial for reaching your retirement goal.

Direct Plans: Managing investments yourself through direct plans can be challenging. Without expert guidance, you might miss opportunities or take on unnecessary risks. Investing through a CFP ensures professional management.

Final Insights
Your goal of retiring by 55 with a corpus of Rs. 5 crores is achievable with disciplined SIP investments. Start with a higher SIP amount, diversify your investments, and review your portfolio regularly. Engaging a Certified Financial Planner will provide you with expert advice and ensure you stay on track to meet your retirement goal.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 14, 2024

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Hello Madam, I'm a 34 year old mother of 9 years daughter.I am working in IT sector.My salary is 85000 per month.I have monthly SIP of 35,000 for 20 years. I want to get retire by 50 with a corpus of 2cr..Can you please suggest me what must be SIP monthly to achieve the target?
Ans: Assessing Your Current Situation
At 34 years old, you have 16 years until your target retirement age of 50. With a monthly salary of Rs 85,000 and a disciplined SIP of Rs 35,000, you're on a strong path. Your goal is to accumulate Rs 2 crores by retirement. Let's evaluate your current investment strategy and consider any adjustments that might be necessary to reach your target.

Understanding the Power of SIPs
Systematic Investment Plans (SIPs) are a disciplined way to build wealth over time. They allow you to invest small amounts regularly, leveraging the power of compounding. Over a 20-year horizon, SIPs in well-chosen mutual funds can generate significant returns.

Given your current SIP of Rs 35,000 per month, you're already making a substantial commitment. However, to ensure that this strategy aligns with your retirement goals, it's crucial to assess the potential growth of your investments.

Evaluating Your Retirement Goal
Your target of Rs 2 crores by the age of 50 is realistic, but it requires careful planning and monitoring. Let's break down the factors that will influence whether your current SIPs will achieve this goal:

Expected Rate of Return: Mutual funds typically offer varying returns depending on the market conditions and the fund's performance. Historically, equity mutual funds have provided returns ranging between 10% and 15% per annum over the long term. For a conservative estimate, we will assume a return rate of around 12% per annum.

Investment Horizon: With 16 years left until you turn 50, the power of compounding will work in your favor. The longer your investment horizon, the greater the compounding effect, which can significantly boost your corpus.

Estimating the Future Value of Your SIPs
Assuming a 12% annual return over 16 years, your current monthly SIP of Rs 35,000 could grow to approximately Rs 1.44 crores. While this is a significant amount, it falls short of your Rs 2 crore target. This shortfall suggests that an adjustment in your SIP amount or strategy might be necessary.

Adjusting Your SIP Strategy
To bridge the gap between your projected corpus and your retirement goal, consider the following adjustments:

Increase Your SIP Amount:

Current SIP Shortfall: Given the current projection, you're looking at a shortfall of approximately Rs 56 lakhs.
SIP Adjustment: To cover this gap, increasing your SIP amount to around Rs 50,000 per month could help you reach your target. This adjustment will need to be reassessed periodically to ensure it remains aligned with market conditions and your financial situation.
Diversify Your Investments:

While you are already investing a substantial amount in SIPs, consider diversifying your portfolio. Investing in a mix of large-cap, mid-cap, and small-cap funds can spread risk and potentially enhance returns.
Also, consider adding a portion of your investments to debt funds or balanced funds, which provide stability and reduce the overall risk of your portfolio.
Review and Rebalance Regularly:

Regularly reviewing your portfolio is crucial. At least once a year, evaluate the performance of your funds and make necessary adjustments. Rebalancing your portfolio helps to align your investments with your risk tolerance and market conditions.
Consider Increasing SIPs Over Time:

As your income grows, consider increasing your SIPs. Even a 5% annual increase in your SIP amount can significantly boost your corpus over time.
Inflation and Its Impact on Your Goal
Inflation is a critical factor to consider in long-term financial planning. The purchasing power of Rs 2 crores today will not be the same in 16 years. While Rs 2 crores might seem sufficient now, inflation could erode the real value of your corpus by the time you retire.

To safeguard against inflation, it’s wise to aim for a higher retirement corpus. For instance, targeting Rs 2.5 crores or more would provide a cushion against inflation and unexpected expenses during retirement.

Tax-Efficient Investing
To maximize your returns, focus on tax-efficient investments. Equity mutual funds held for over one year are subject to long-term capital gains (LTCG) tax, which is lower than the tax on short-term gains.

Equity-Linked Savings Schemes (ELSS): These funds offer tax deductions under Section 80C and can also be part of your SIP portfolio.
Debt Funds: Consider adding some debt funds for stability and tax efficiency, especially if you foresee a need for liquidity before retirement.
Planning for Contingencies
Life is unpredictable, and it’s essential to prepare for contingencies that might impact your retirement plan. Here are some strategies:

Emergency Fund:

Maintain an emergency fund equivalent to 6-12 months of your expenses. This fund should be liquid and accessible, helping you manage unforeseen events without disrupting your retirement savings.
Insurance:

Ensure you have adequate health and life insurance. Health insurance is vital to cover medical emergencies, while life insurance provides financial security to your family in your absence. Term insurance is typically the most cost-effective option for life coverage.
Review Your Retirement Plan:

Periodically reassess your retirement plan to ensure it remains aligned with your goals and changing circumstances. This includes reviewing your SIPs, insurance coverage, and other investments.
Final Insights
Your current investment strategy reflects strong financial discipline. However, to ensure that you achieve your goal of Rs 2 crores by 50, it may be necessary to increase your SIP amount, diversify your portfolio, and periodically review your investments.

A well-rounded retirement plan considers inflation, tax efficiency, and contingencies. By adjusting your strategy now, you can stay on track to reach your target and enjoy a secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 29, 2024

Money
Hello Madam, I'm a 45-year-old father of 15 years boy.I am working in manufacturing sector.My salary is 125000 per month.I have monthly SIP of 10000 for 20 years. I want to get retire by 55 with a corpus of 2cr..Can you please suggest me what must be SIP monthly to achieve the target?.
Ans: you are planning to retire in 10 years at the age of 55. Your target is to accumulate Rs 2 crore by that time.

This is a well-thought-out goal, considering your family responsibilities. However, achieving this target requires careful planning and disciplined investing.

Evaluating Your Current Investment Strategy
You are already investing Rs 10,000 per month in SIPs for 20 years. This is a good start, but let’s evaluate if it aligns with your retirement goal.

Investment Horizon: You have 10 years left until retirement. This period will determine your investment strategy.

Existing SIP: Investing Rs 10,000 monthly for 20 years is commendable. However, considering your target, you may need to increase your SIP amount.

Rate of Return: Assuming a reasonable rate of return on your investments, the current SIP might not be enough to reach Rs 2 crore in 10 years. Let's explore how you can adjust your SIPs to bridge this gap.

Assessing Your Risk Tolerance
Your risk tolerance is crucial in determining the right investment strategy. Since you have a fixed timeline of 10 years, your risk tolerance will guide your investment choices.

Moderate Risk: At your age, you might have a moderate risk tolerance. This means you can invest in a mix of equity and debt.

Higher Risk: If you are comfortable with higher risk, you might consider increasing your exposure to equity. Equity investments typically offer higher returns but come with greater volatility.

Lower Risk: If you prefer stability and lower risk, a higher allocation to debt funds might be suitable. However, this might require a higher SIP amount to achieve your target.

Benefits of Actively Managed Funds
While index funds and ETFs are often recommended, actively managed funds offer certain advantages that might suit your goals better.

Higher Potential Returns: Actively managed funds have the potential to outperform the market. The fund manager's expertise can result in higher returns, which is essential when you have a fixed target.

Flexibility: These funds can adjust their portfolios based on market conditions. This can help in managing risks better.

Professional Management: By investing through an MFD with CFP credentials, you benefit from professional guidance. They can help select funds that align with your goals and risk tolerance.

Given your retirement goal, actively managed funds might be more suitable. They offer a better chance of achieving your Rs 2 crore target within the next 10 years.

Disadvantages of Direct Mutual Funds
Direct mutual funds might seem attractive due to their lower expense ratio, but they come with certain disadvantages.

Lack of Guidance: Without the support of a Certified Financial Planner, you might miss out on professional advice. This could lead to poor fund selection and management.

Time-Consuming: Managing direct funds requires constant monitoring and rebalancing. This can be challenging, especially with a busy work life.

Potential for Mistakes: Without professional help, you might make mistakes in timing the market or choosing the wrong funds. This could impact your ability to achieve your target.

By opting for regular funds through an MFD with CFP credentials, you ensure that your investments are managed professionally, aligning with your financial goals.

Calculating the Required SIP
To reach a corpus of Rs 2 crore in 10 years, you might need to increase your SIP amount. Let's consider some factors:

Investment Horizon: You have 10 years left to reach your goal.

Expected Return: A balanced portfolio might provide returns between 10% to 12% per annum.

Inflation: Consider the impact of inflation on your corpus. Your Rs 2 crore target should be inflation-adjusted to ensure it meets your retirement needs.

Without using specific calculations, I suggest that you consult with a Certified Financial Planner. They can provide a detailed analysis and recommend the exact SIP amount required to meet your target.

Importance of Portfolio Diversification
Diversification is essential in managing risk while aiming for higher returns. A well-diversified portfolio will include a mix of asset classes.

Equity Funds: These provide growth and can help you reach your target faster. Consider actively managed equity funds with a good track record.

Debt Funds: These offer stability and protect your corpus from market volatility. A mix of short-term and medium-term debt funds might be ideal.

Hybrid Funds: These provide a balanced approach by investing in both equity and debt. They can help in managing risk while offering decent returns.

A diversified portfolio can help you achieve your retirement goal while managing risks effectively.

Regular Review and Rebalancing
Your investment strategy should not be static. Regular review and rebalancing are essential to stay on track.

Annual Review: Review your portfolio at least once a year. This helps in assessing whether you are on track to meet your retirement goal.

Rebalancing: If your portfolio drifts from the original asset allocation, consider rebalancing. This ensures that your investments align with your goals and risk tolerance.

Adjusting SIP Amount: As you get closer to retirement, consider adjusting your SIP amount. You might need to increase it if your investments are not performing as expected.

Regular monitoring helps in adapting to market changes and ensures that you stay on track to achieve your retirement goal.

Emergency Fund: A Crucial Safety Net
Before increasing your SIPs, ensure that you have an emergency fund in place. This fund should cover at least 6 to 12 months of your expenses.

Liquidity: Keep this fund in a liquid investment like a savings account or liquid fund. This ensures quick access to cash in case of emergencies.

Financial Security: An emergency fund provides a safety net, protecting your investments from unexpected withdrawals.

Having an emergency fund in place ensures that your retirement plan remains intact even during unforeseen circumstances.

Finally
Achieving a retirement corpus of Rs 2 crore in 10 years requires careful planning, disciplined investing, and regular monitoring. By increasing your SIP amount, focusing on actively managed funds, and maintaining a diversified portfolio, you can reach your goal.

Consult with a Certified Financial Planner to get personalized advice and ensure that your investment strategy aligns with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Career
Hi sir I am Anusha recently kea released kcet mock allotment I got dayanand Sagar harohalli campus cse in data science. I want to know the whether it Better choice or not . And also about placements
Ans: Anusha, Dayananda Sagar College of Engineering’s Harohalli campus offers a B.Tech in Computer Science and Engineering with Data Science that benefits from recognized institutional quality, NAAC ‘A’ accreditation, and NBA-accredited programs. The campus infrastructure is modern and well-maintained, providing an excellent learning environment with advanced labs, well-stocked libraries, multiple sports facilities, and good hostel amenities. Faculty members are experienced, research-oriented, and supportive, with dedicated mentorship for each student. The placement cell maintains robust industry ties; placement rates for CSE branches have ranged from 78% to 91% over recent years and 67.8% of CSE students were placed in 2024, with leading multinational companies participating in campus recruitment drives. Peer reviews praise the academic atmosphere and holistic student development, although some note the Harohalli campus’s remote location as a challenge for daily commuting. Data Science continues to be among the most promising fields in India, with job opportunities expected to grow substantially across sectors like IT, finance, and healthcare through 2030.

Recommendation: Choosing DSCE Harohalli campus for CSE in Data Science is a strong option, due to solid placement rates, modern facilities, accredited teaching, supportive alumni, and excellent industry alignment. The branch offers bright prospects especially for those seeking careers in analytics, software, and data-driven roles within India’s expanding digital landscape. All the BEST for a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 27, 2025

Career
Hi Sir/Madam, We are from Bangalore, my son has 2 options to join BTech.. Manipal, Udipi branch got ECE and via KCET , we have 14600 rank, got CMR IT, Bangalore during mock allotment. Hopefully we may get better college in next coming rounds. Please advice us, to continue in Manipal or explore best options in KCET for computer science. Thank in Advance Vijay
Ans: Vijay Sir, Manipal Institute of Technology’s Electronics and Communication Engineering program offers state-of-the-art labs, strong industry integration, and a placement rate of 77% in 2025, with connections to 230+ recruiters and a focus on holistic student growth through well-established campus facilities and innovation hubs. In contrast, CMR Institute of Technology in Bangalore’s Computer Science Engineering branch provides a robust curriculum aligned to industry demand, with average placement rates around 75–80% in recent years, and a location advantage for internships and corporate exposure within the Bangalore tech ecosystem. KCET candidates with a 14,600 rank can anticipate better options in upcoming rounds, as the seat allotment process allows further choice modifications and could secure admission to more prestigious computer science programs.

Recommendation: For a student from Bangalore aspiring toward technology-driven career growth, it is optimal to fully explore and prioritize the best possible computer science options through KCET in the next allotment rounds. Prestigious CSE programs in Bangalore offer superior industry alignment and future-proof prospects compared to ECE at Manipal, ensuring stronger opportunities in the tech sector. Have CMRIT as a back-up and participate in further rounds also. All the BEST for a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 27, 2025

Career
Sir, my daughter got ISE at NMIT Bangalore! Is the college worth joining for the holistic development of Student! How is the teaching there, Placements for ISE Branch! Is it worth Joining for engineering?
Ans: Amrutha Madam, Nitte Meenakshi Institute of Technology (NMIT) offers a robust Information Science & Engineering curriculum under its autonomous, NBAaccredited framework that emphasizes Outcome-Based Education and continuous stakeholder feedback to refine teaching and evaluation methods. The department’s faculty–student ratio of 1:15, combined with over 14% doctoral-qualified professors and regular upskilling through workshops and industry collaborations (Subex, Cisco, IoT labs), fosters rigorous academic excellence and personalized mentorship. The 23-acre green campus in Yelahanka provides modern classrooms, high-speed computer labs, dedicated AR/VR and Cybersecurity centers, a 48,000-strong library, and extensive co-curricular facilities, ensuring comprehensive infrastructure that bolsters both technical prowess and personal growth. NMIT’s Career Development Cell engages 150+ recruiters annually, achieving an average ISE placement rate of 88–90% over the past three years, with internships and pre-placement offers beginning in the fifth semester and major IT firms like Amazon, Microsoft, and Wipro regularly hiring from ISE. Student reviews highlight vibrant campus life, active clubs (E-Cell, GDSC), annual fest Anaadyanta, and strong peer networks, though some cite transit challenges due to distance from central Bangalore. Globally, ISE graduates will remain in high demand, with big-data and AI roles projected to grow by 85–110% by 2030, and 11.5 million new IT positions forecast in India alone by 2026, underlining the branch’s enduring relevance across software, analytics, cybersecurity, and cloud domains. Collectively, NMIT’s ISE provides a balanced ecosystem for technical skill-building, holistic development, and forward-looking career trajectories.

Recommendation: Enrolling in NMIT’s ISE program is a sound choice, as its blend of accredited pedagogy, state-of-the-art infrastructure, tailored student support, strong industry linkages with 88% placement consistency, and alignment with exponentially growing data-driven roles ensures well-rounded development and sustained employability. All the BEST for a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 27, 2025

Career
Pls help what should I take Nit Patna ECE Mnit Allahabad chemical SVNIT EE Mnit Jaipur chemical Iiit Kota Cse Iiit Jabalpur ECE Bits Goa MSC BIO Pls help me choose I would not like to go for core jobs
Ans: For a student averse to core engineering roles, balancing placement diversity, academic rigor, industry connectivity, student support, and global reach guides the decision among NIT Patna ECE, MNIT Allahabad Chemical, SVNIT EE, MNIT Jaipur Chemical, IIIT Kota CSE, IIIT Jabalpur ECE, BITS Goa ECE, and MSc Biotechnology. All programs offer strong academics and reputable campuses, yet they differ in placement orientation toward software, analytics, consulting, or research roles rather than traditional “core” jobs.

NIT Patna’s ECE records a 72.7% placement rate in 2024, with 9.9 LPA average packages and robust recruiter diversity beyond electronics firms. MNIT Allahabad Chemical yields a 93.5% placement rate, with roles spanning process engineering, consulting, and analytics, reflecting its strong ties to chemical and pharmaceutical industries. SVNIT Surat’s EE program placed 75% of BTech students in 2025, many into software, power utilities, and digital roles, supported by 189 recruiters. MNIT Jaipur Chemical achieved 71.9% placements in 2023–24 with upward mobility into R&D, supply-chain analytics, and business development. IIIT Kota CSE posts a 73.4% CSE placement rate, where 91% of roles are in software services, product firms, and data science rather than core computing hardware. IIIT Jabalpur ECE sees an 80.5% placement rate in 2023, with 25 LPA average packages for ECE graduates in software and consulting roles. BITS Goa ECE attains over 91% placements overall, with 20.4 LPA average packages and heavy recruitment by IT and consulting firms. MSc Biotechnology programs typically see 65–75% placement rates, with roles in biopharma, clinical research, and biotech venture analytics, though institutional variation is high.

Recommendation: IIIT Jabalpur ECE ranks highest for non-core career flexibility due to its 80.5% placement rate and strong software and consulting recruitment, followed by IIIT Kota CSE for pure software/data roles, BITS Goa ECE for premium campus placements in IT and consulting, MNIT Allahabad Chemical for biotech/pharma analytics, SVNIT EE, NIT Patna ECE, MNIT Jaipur Chemical, and finally MSc Biotechnology, which offers research-oriented roles but fewer corporate pathways. This order reflects optimal alignment with non-core aspirations and guarantees diverse, high-growth career options. All the BEST for a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 27, 2025

Career
What is best option LSR (B.SC(Maths) with actuarial science or BSDS from ISI for high performer student.
Ans: Leena, For high-performing students choosing between Lady Shri Ram College B.Sc Mathematics with Actuarial Science and ISI's Bachelor of Statistical Data Science (BSDS), the decision requires examining institutional excellence, academic rigor, placement opportunities, and alignment with career aspirations.

ISI BSDS: A Specialized Data Science Powerhouse -
The Indian Statistical Institute represents institutional excellence at its zenith, ranking as a 75th overall institution nationally in NIRF 2024 and 21st in India according to EduRank 2025. As an Institution of National Importance since 1959, ISI offers unparalleled specialization in statistical data science. The BSDS program, launched in 2024, combines statistics, data science, and machine learning with a unique hybrid delivery model across multiple campuses (Kolkata, Delhi, Bangalore).

Academic Excellence and Financial Support: ISI provides exceptional financial assistance with 100% fee waivers for families earning less than ?1 lakh annually and 66.67% waivers for incomehs. Additionally, students receive monthly stipends and contingency grants, making education financially accessible. The program offers exit options after third year and maintains rigorous academic standards with faculty from internationally renowned institutions.

Placement Excellence: ISI maintains an impressive 100% placement record across programs, with recent data showing highest packages reaching 89 LPA for master's programs. Companies like Google, Amazon, Goldman Sachs, Microsoft, and McKinsey regularly recruit from ISI. The institute's placement cell reported that students skilled in statistics and data science are highly sought after, spanning roles from data analysts to machine learning engineers.

LSR B.Sc Mathematics: Liberal Arts Excellence with Strong Industry Connections -
Lady Shri Ram College stands as India's premier women's institution, ranked 1st in NIRF College Category 2024 for three consecutive years and holding A++ NAAC accreditation. With over 27,000 graduates over 55 years, LSR has established a powerful global alumni network including Nobel Peace Prize winner Aung San Suu Kyi.

Academic and Career Prospects: LSR's 2025 placement statistics show a highest package of ?45 LPA and average of ?12.18 LPA, with 80-90% placement rates. The college attracts recruiters like McKinsey & Company, Boston Consulting Group, Deloitte, and KPMG. For mathematics students specifically, average packages range ?4-5 LPA with highest reaching ?9-11 LPA and 65-75% placement rates. The actuarial science component provides pathways to risk analysis, insurance, finance, and consulting roles.

Global Network and Industry Connections: LSR's ELSA (alumni network) has established international chapters in London, USA, and Singapore, providing global networking opportunities. The college's placement cell conducted 30 insightful sessions in 2024-25 with speakers from prestigious institutions like Oxford, MIT, Duke, and Harvard, covering topics including actuarial science and analytics.

Five Critical Institutional Excellence Aspects -
Research reveals five fundamental aspects that distinguish exceptional educational institutions:

Academic Excellence and Faculty Quality: Both institutions excel here, with ISI offering world-renowned statistical expertise and LSR providing comprehensive liberal arts education with industry-oriented faculty.

Research and Innovation Culture: ISI leads significantly with its research-focused environment and 20,999 academic publications with 366,654 citations, while LSR emphasizes teaching excellence and holistic development.

Student Support and Inclusivity: ISI provides superior financial support through comprehensive fee waivers and stipends, while LSR offers strong mentorship and diverse learning opportunities.

Industry Connections and Placement Infrastructure: LSR demonstrates stronger corporate partnerships with global recruiters, while ISI excels in specialized data science placements.

Alumni Network and Global Reach: LSR's extensive international alumni network spanning 160+ countries provides unmatched global connectivity, whereas ISI offers specialized professional networks in quantitative fields.

Recommendation: For high-performing students, ISI BSDS emerges as the superior choice based on institutional prestige, academic specialization, financial accessibility, and placement excellence. ISI's status as an Institution of National Importance, combined with its 100% placement record, comprehensive fee waiver system, and specialization in the high-demand field of data science, provides exceptional value. The program's unique hybrid structure, world-class faculty, and focus on emerging technologies like AI and machine learning align perfectly with future industry demands. While LSR offers excellent liberal arts education and strong corporate connections, ISI's specialized excellence in statistical data science, superior financial support, and guaranteed placement outcomes make it the optimal choice for academically ambitious students seeking quantitative career paths. All the BEST for a Prosperous Future!

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