48 YO Lost Savings, Wants Retirement Advice - 2 Crore Target

Ans: Date of possession will be considered as date of acquisition (May 24) so this will be short term capital gain taxable as per your slab rate.

Improvement & transfer expenses may be deducted from your capital gain(8L) but do consult a CA to ascertain exactly what is allowed as deductible as per Income Tax laws.

Ans: NO. I assume it is an online program. I already answered to your question earlier. You should also pursue a regular UG Program. All the BEST for Your Prosperous Future.

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Ans: Yes You Can. However, you will have to clear the Foundation Program. The CS course has three stages:
Foundation Programme: An eight-month program for students who have passed Class 12
Executive Programme: A program for graduates in any stream (except Fine Arts)
Professional Programme: A program that can only be pursued after clearing the Executive Programme .

For further details, please check ICSI website.

All the BEST for Your Prosperous Future.

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Ans: Coin(by Zerodha)
ET money
PayTM money
Kuvera
5paisa

These are some of the popular apps used for mutual fund investments in India. Although it is difficult to assure that problems won't be there.

Happy Investing!!

Ans: Focus on the repayment of the loan.

Also prioritize hikes in your income through value addition, if possible.

If you get some lumpsum(bonus) or other payment try to prepay the loan so as to reduce interest outgo.

Ans: Hello;

I am presuming that this investment is from long term perspective of 10 years+ horizon and you are comfortable with high risk exposure.

Equal weight allocation to 10 funds is avoidable.

I propose to you 5 funds with the proportionate allocation as given:

1. PPFAS flexicap fund: 25%

2. Mirae Asset Large and Midcap fund: 25%

3. Nippon India Small cap fund: 20%

4. HDFC balanced advantage fund: 15%

5. ICICI Pru Multi asset allocation fund: 15%

Funds have been recommended based on their long term returns in their respective category.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Ans: Both are good. Still can prefer MSRIT as it is older than NITTE. All the BEST for Your Prosperous Future.

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Ans: Congrats to your Son for getting admission into ABESIT. Please note, that success in a career does not ONLY depend upon where the student joins, instead, depends upon his/her self-motivation and dedication.
As desired by you, given below are the steps/strategies/techniques to be followed from 1st Year till last year to be successful in his career. 1) Visit the college campus & your CSE Department. Spend around 2-3 hours, if the college has not yet opened. 2) If the course curriculum is available on the college’s website, advise him to go through it. 3) Now, he should create his professional-looking LinkedIn Profile. 6) It is advisable to create a new professional email ID (preferably Gmail ID) like ‘ravikant_btech or ravikant_tech or ravikant_cse_tech’ etc. (for LinkedIn/Job Applications/Certificate Courses) INSTEAD of using the same personal email ID that he might be having already. 7) He should have a limited/like-minded friend circle though you can interact with all the students in his classroom. 8) He should also involve in co/extra-curricular activities, related to his domain. This will help him in the long run for Campus Interviews/Abroad Education etc. 9) He should avoid skipping any classes and should take notes, provided by the faculties. Class notes are more important for all tests/exams in his college. 9) He should have a good/professional relationship with all faculties of the CS department. 10) Better to have a separate note-book for doubts for each subject. 11) Whenever doubt-clearing sessions are conducted, he should fully utilise them and get all your doubts cleared and note down to avoid 11th hour pressure before each test/exam. 12) Important: He should maintain a decent SGPA/CGPA of 8.5 and above without any backlogs/arrears. 13) After 1st Semester or 2nd Semester is over, he should start learning and/or upgrading new skills from NPTEL, Coursera, Upgrad, Internshala etc. and / or recommended by his CS Department faculties. 14) Once he completes the online/offline short-term courses & get certificates, he should immediately update them in LinkedIn. 15) MOST IMPORTANT: He should put job alerts in LinkedIn, related to his domain (CSE), get notifications, go through the JD (Job Description) of each job vacancy to know the job market trends and prepare himself for the same. 16) Whenever he gets an opportunity, he should interact with the 2nd to 4th year students & get their advice which will enable you to plan after completing each academic year and whenever Campus Recruitments are taking place, if time permits, should interact with the last year students after they attend the interview, to know about the assessment tests, interviews, group discussion, selection process & companies visited. 17) Placement cell of most of the colleges displays the names of the recruiters/companies visited during the last 3-years. He should do a research about each company by visiting its website. 18) It is advisable to start preparing for assessment tests of Campus Recruitment, once you enter into 4th year. 19) Should decide in advance in 4th year itself, whether he wants to go for the job after his BTech or to pursue Masters in India or Abroad. 23) If decided for Masters, should start preparing well for Entrance Exams/IELTS/TOEFL/PTE etc. whichever is applicable. 20) Before approaching an Abroad Education Consultant, do conduct a thorough study on the countries and universities you are interested in. 21) Please note, his college cannot arrange to provide internships for all students. If he gets, well and good. 22) If not, he should start trying through LinkedIn, Internshala or any other Internship platforms, or through your friends/their colleagues in any of their companies for Internship (instead of relying only on his college). 22) As far as the Campus Interview is concerned, he should prepare a good/professional-looking Resume just in 1-page as he will be a fresher. Use ‘cultivatedculture’ Resume Building Platform which is very user-friendly and free also. No need to go for paid version 23) To prepare for the online or offline interview, he should prepare himself with Mock Interviews using his own mobile phone with the help of his family members/friends. 24) He should conduct at least 10 mock interviews, correcting himself in each one for his responses to the questions as well as his body language. 29) Preparing around 20-25 technical / non-technical questions & answers for the same in advance will further boost your confidence when you face actual interviews. 25) When applying for campus interviews, prioritize organizations with job descriptions that fit his profile, hobbies, credentials, qualifications, location, job title, and company reputation. 31) However, he should have Plan B & Plan C if campus recruitment does not work out. Hope, I have covered almost all aspects with value-additions.

All the BEST for Your Son’s Prosperous Future.

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