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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on May 22, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Samir Question by Samir on Mar 27, 2023Hindi
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I am 60 retired about a year bank from a large PSU. Now consulting and earning about 100,000 per month. Further 8 earn about 1.75 lakh from rental. I hv been investing in following monthly sips for last 2 years. Icici Prudential equity and debt 10000 Pgim midcap. 20000 Quant tax. 20000 Mirae assets. 8000 Quant midcap. 14000 Axis midcap. 10000 Parag parikh. 15000 Canara tobacco small cap. 10000 All direct and growth plan. Current value is 16.3 lakh. I want to achieve 25 lakhs in 1 year fr marriage of my son. Further I need another 40 for younger son education in 3 years. Do u think it these are achievable targets? Can u suggest any changes in chosen funds ? I hv my own houses and car. Except fr 15000 emi towards car, there is no major liability. Pl revert Sammir Kapoor

Ans: Hello Sammir. Considering your goals and requirements, and assuming you will be contributing to SIPs in the coming year as well, both the one year and three year goals can be achieved. Your portfolio is in line with the market and it seems you have done thorough research with current market. No modification is required.
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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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jun 09, 2021

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Below are the details of my portfolio. I need your assessment if I am on track. Name of funds: Mirae Asset Large Cap fund - Monthly SIP INR 4000/- since Jan 2020.  Current value INR 80896/- Axis Bluechip fund - Monthly SIP INR 2000/- since Jan 2020.  Current value INR 36547/- Tata India Tax Savings fund - Monthly SIP INR 2000/- since July 2017.  Current value INR 1.23 lakh/- Kotak Flexi Cap fund - Monthly SIP INR 2000/- since Jan 2020.  Current value INR 32652/- Parag Parikh Flexi Cap fund - Monthly SIP INR 2000/- since Feb 2021.  Current value INR 6292/- Besides that, I invest in below as well: Sukanya Samriddhi Yojana - INR 12500/- monthly since 2020. NPS - INR 12500/- in Tier 1 since 2014 & INR 12500/- in Tier 2 since 2021 FD - INR 20 lakhs since Jan, 2019 @ 5.25% interest.  Goals: 1- Daughter’s higher education:   17 years away, Amount needed around 1 crore 2- Daughter’s marriage: 26 years away, Amount needed around 1.2 crore 3- Retirement: 31 years away, Amount needed around 8 crore
Ans: Funds are good, however with current Investments 1 and 2nd Goal can be achieved, however to achieve 3 additional Investment is required.

i.e. for 1 crs in 17 years , Investment required is Rs. 15,000 per month

for 1.2 crs in 26 years, additional Investment requirement is Rs. 4000 per month

For Retirement 8 crs in 31 years, additional Investment required is Rs. 16,000 per month

Therefore total monthly investment required to achieve all targets are Rs. 35000 per month

..Read more

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Nayagam P

Nayagam P P  |4336 Answers  |Ask -

Career Counsellor - Answered on Mar 16, 2025

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My son got 97.56 in general category. Any chances of getting cse at NIT. Regards
Ans: Sitansu Sir, Here is, How to Predict Your Son's Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

Once the January JEE Main session results are declared, many students and JEE applicants start asking common questions about eligibility for specific institutes (NITs, IIITs, GFTIs, etc.) based on their percentile, category, preferred branch, and home state.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Son's Key Details
Before starting, note down the following details:

Your Son's JEE Main percentile
Your Son's category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
His Preferred institute types (NIT, IIIT, GFTI)
HIs Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch your son is interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Son's Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your son's expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engieering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your Son's admissions!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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