Hi, I am 35 year old and I want to build a corpous of 2-3 cr in next ten year i.e by 2034. I am investing 45k pm in equity through SIP. My current allocation is Rs20k in quant small cap growth direct, 10k in HDFC mid Cap opportunity fund, 5 in ICICI Large and Mid cap fund, 5k in ABSL PSU Equity fund, 5 k in quant infrastructure fund. (Note: I recently switched from Axis small cap fund to quant small cap fund having corpous of 2L). I am also committed to step up by 10% each year. Also I have NPS balance of Rs 27.00 lakh as on date and In NPS monthly contribution is Rs 22 k, which is separate from MF investment of 45K. Please advise whether change is needed in my plan or I may go with the same.

Ans: Hello Swati.
Prefer CSE @ Manipal Jaipur if possible.
Best of luck to you.
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Radheshyam

Ans: Hello Aditya
Chances are moderate to slim. Not possible for us to get a category rank.
Best of luck to you.
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Radheshyam

Ans: Hello dear.
It is not possible for us to list the names of colleges on this platform. However, your daughter will gain admission to tier-2/3 colleges.
Best of luck to you.
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Radheshyam

Ans: Hello dear.
For CSE @ Manipal Bangalore is a good choice. Moderate to slim chances are there to get a seat in the main campus. Please be active in the counseling process.
Best of luck to you.
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Radheshyam

Ans: Hello dear
Please drop the idea of repeating JEE or other equivalent examinations. Wait for the BITSAT-2 session result. Until then, take the provisional admission to DS at VIT Chennai. Yes, it is worth considering VIT given its existing records. If successful in BITSAT, then reconsider the VIT option.
Best of luck to you.
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Ans: Hello dear.
Chances are there to get a seat, but unable to name the particular IISER as the cut off varies per year. But keep hopes alive and take part active part in the counseling process.
Best of luck to you.
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Ans: You are 35 years old. You have Rs 1.8 lakhs monthly income. You had Rs 22 lakhs in FD which got used for a car. You now have Rs 1.5 lakh in FD, Rs 1 lakh in RD, and Rs 2 lakh in mutual funds. Your current monthly expense is Rs 50,000. You are also paying Rs 2 lakhs every year in LIC policies and Rs 50,000 in PPF. You have Rs 1 lakh unpaid loan from friends.

You are doing your best in difficult circumstances. Let us now build a complete 360-degree strategy to help you grow wealth and bring financial stability over the next 5–10 years.

Step 1: Build a Stable Emergency Fund
You have Rs 1.5 lakh in FD. That is your current safety cushion.

Your monthly expenses are Rs 50,000. So, 6 months' emergency fund is Rs 3 lakhs.

Increase this emergency fund to at least Rs 3–4 lakhs.

Use the RD maturing in 2 months to add to this buffer.

Emergency funds give peace and prevent debt in crisis.

Step 2: Pay Off Remaining Car Loan to Friends
You have Rs 1 lakh loan from friends. You have already repaid Rs 2 lakhs.

This is a moral obligation. Clear this fully in 2 months.

Use any upcoming bonus or RD maturity to repay this.

Do not delay this. Relationships are more valuable than any investment.

Step 3: Assess Your Insurance Policies
You are paying Rs 2 lakhs annually for LIC policies.

These are likely traditional or investment-linked insurance plans.

These give poor returns. Real return after inflation is almost zero or negative.

Keep term insurance separately. Insurance should not be mixed with investment.

If these are endowment or ULIP policies:

Stop future premiums immediately, if 3 years are over.

Surrender after 5 years to reduce loss.

Redeploy that amount in better instruments.

Why this is important:

Rs 2 lakhs/year is a large amount.

Better to invest in mutual funds for long-term wealth creation.

Step 4: Cash Flow Discipline and Monthly Surplus Planning
You have Rs 1.8 lakh take-home income. Let’s allocate it wisely:

Fixed Outflows:

Rent, groceries, petrol: Rs 50,000

LIC policies: Rs 16,600/month (yearly Rs 2 lakh)

RD: Rs 50,000

PPF: Rs 4,000/month (Rs 50,000 yearly)

Total committed: Rs 1.20 lakhs approx.

Leftover every month: Rs 60,000

This leftover needs focused use. Avoid luxury spends or unplanned EMIs.

Step 5: Redeem and Restructure Existing Mutual Fund Portfolio
You are disappointed with mutual funds. You invested Rs 2 lakhs across 8 funds. Most are sectoral, thematic, and high-risk categories.

Problems in your current MF portfolio:

Too many funds. Over-diversification leads to low returns.

Very small amount in each fund.

Many are thematic or volatile funds like PSU, Commodities, Smallcap.

All investments are lump sum. SIP brings better rupee cost averaging.

One year is too short to judge equity funds.

Action Plan:

Review all mutual funds.

Exit from PSU, Commodities, and Smallcap funds completely.

Keep only two flexicap or largecap diversified equity funds.

Move all Rs 2 lakh into these two funds.

Start a SIP of Rs 25,000 monthly in these funds.

Why not direct funds:

Direct funds look attractive due to low expense ratios.

But they need continuous review and rebalancing.

Most investors lack the time or knowledge for this.

Regular funds through a MFD with CFP guidance give better hand-holding.

Emotional decisions are avoided with professional help.

Step 6: Create a SIP-Based Wealth Building Plan
Now you have Rs 60,000 surplus monthly. Use it in the following way:

Rs 25,000 SIP in two diversified equity funds.

Rs 10,000 in a hybrid fund (balanced fund with equity and debt).

Rs 5,000 in a gold savings fund for long-term diversification.

Rs 5,000 in a children future fund (if planning family in future).

Keep Rs 15,000 for buffer, travel, or short-term needs.

This plan is simple and steady. It grows money without stress.

Stay invested for 5–10 years. Wealth will grow.

Step 7: Retirement Planning through PPF and Mutual Funds
You are putting Rs 50,000 yearly in PPF. This is good.

But you must also build retirement wealth through equity funds.

PPF is safe but gives low returns. Inflation eats most of it.

Do not increase PPF further. Use mutual funds for higher growth.

Create a retirement SIP of Rs 10,000 separately.

Split it between a flexicap and a hybrid equity fund.

Don’t touch this amount for next 20 years.

Step 8: Keep a Separate Goal-Based Investment System
Identify key life goals:

Retirement

Emergency

Car loan clearance

Possible children’s education

Medical fund for parents

For each goal, use different SIPs or different folios.

Never mix short-term and long-term goals.

This will bring mental clarity and emotional discipline.

Step 9: Understand Taxation on Mutual Funds
New rules from 2024:

Equity MF: LTCG above Rs 1.25 lakh is taxed at 12.5%

STCG is taxed at 20%

Debt funds: Taxed as per income slab

Hold equity mutual funds for long term.

Avoid booking profits within a year.

Use taxation to your benefit by holding patiently.

Step 10: Avoid Index Funds and Direct Stocks
Many suggest index funds. But they come with problems:

No downside protection in falling markets.

Cannot outperform the market.

Miss active risk management by fund managers.

Actively managed funds are better.

They beat benchmarks. They manage risks in volatile markets.

Also, avoid direct stock investment for now.

You don’t have time or skill to track them daily.

MFs are safer, cleaner, and more guided.

Step 11: Don’t Use FDs or RDs as Long-Term Tools
You had Rs 22 lakhs in FD. All got used.

FDs are good for safety. But returns are below inflation.

They don’t grow wealth over 10 years.

Use them only for emergency or short-term needs.

Same applies to RDs.

Switch to SIPs in mutual funds gradually.

Step 12: Improve Personal Financial Habits
Track monthly expenses. Use an app or excel.

Always save before you spend.

Don’t fall for peer pressure buying.

Avoid new loans. Keep a debt-free life.

Increase SIPs by 10% every year.

Discipline gives better results than knowledge.

Step 13: Role of a Certified Financial Planner (CFP)
You need a guide to manage all areas of money.

A CFP with a MFD license helps in:

Selecting the right mutual funds.

Reviewing your portfolio regularly.

Adjusting SIPs as income grows.

Helping avoid emotional decisions.

They charge a small cost but save you from big mistakes.

Online platforms don’t give such personal guidance.

Finally
You are still young. Age is on your side.

You are earning well. You are already saving 30% of income.

You have realised where mistakes happened.

That is the first step to a stronger future.

Now rebuild with a clean, focused plan:

Clear your loan.

Exit poor insurance policies.

Start mutual fund SIPs in few good funds.

Create goal-based investment systems.

Avoid random investments.

In 5 years, you will be stable.

In 10 years, you will be wealthy.

Stay disciplined. Keep your plan simple and consistent.

Avoid shiny distractions and keep your focus.

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

Ans: Snjana, With a KCET rank of 1.35 lakh (135,000), securing admission in Artificial Intelligence and Machine Learning courses presents significant challenges but limited opportunities exist in select private engineering colleges across Karnataka. The expected KCET cutoff rank for AI/ML in top colleges ranges between 1,000-3,600, with premier institutions like RVCE, BMSCE, and MSRIT closing admissions within the top 2,000-4,000 ranks. However, several mid-tier and lower-tier private colleges accept ranks up to 1.30-1.40 lakh for AI/ML programs, including colleges like APS College of Engineering (AI/ML at 1,26,676 rank), Gopalan College of Engineering (CS with AI/ML at 1,18,000), and Jain Institute of Technology (AI at 1,39,136). These colleges typically charge annual fees ranging from ?1-2.5 lakhs through regular admission and ?3-8 lakhs through management quota. While government engineering colleges and popular branches will likely be closed at your rank, private engineering colleges in Karnataka offer viable pathways with over 135 institutions providing AI/ML programs. The placement prospects at these colleges vary significantly, with lower-tier institutions showing moderate placement rates compared to top-tier colleges. Recommendation: Apply to multiple private engineering colleges including APS College of Engineering, Gopalan College of Engineering, Jain Institute of Technology, and other mid-tier institutions accepting ranks around 1.30-1.40 lakh for AI/ML programs, while also exploring management quota options in better colleges if budget permits. All the BEST for the Admission & a Prosperous Future!

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Ans: Hello Shashwath
You can write only IAT.
Best of luck to you.
Follow me if you like the reply. Thanks
Radheshyam