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Kirtan

Kirtan A Shah  | Answer  |Ask -

MF Expert, Financial Planner - Answered on Sep 22, 2023

Kirtan A Shah is a certified financial planner and managing director, private wealth, at Credence Family Office.
He is also a Certified International Wealth Manager and Financial Engineering and Risk Manager.
Shah is the co-author of Financial Service Management and Financial Market Operations, which are used as reference books for Mumbai University.
He is frequently seen on CNBC, Zee Business, ET NOW & BQ Prime as an expert guest.... more
Asked by Anonymous - Sep 16, 2023Hindi
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I am expecting 1-1.5 lacs within 2months. Pl advice which funds will be better so that I can get good returns in next 5 years? Also, share funds for 5-10 year goal with medium risk.

Ans: ICICI Value Discovery
Kotak India Opportunity Fund
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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Sir, I am 78 yrs. I have my present investments in FD about 60 lacs fetching around 8% p.m. I need atleast 10- 12 % return to match my budget. What or which mutual fund and scheme , I need to pursue . Pls advise me , I will be thankful.
Ans: At 78, ensuring your investments provide a stable income is crucial. While FDs offer safety, they might not always provide the returns you desire, especially considering inflation and the need for higher returns to match your budgetary needs.

Considering your age and need for higher returns, you might want to consider Debt Mutual Funds or Balanced Advantage Funds. Debt Mutual Funds predominantly invest in fixed-income securities and can offer better returns than FDs with a moderate risk profile. On the other hand, Balanced Advantage Funds dynamically manage equity-debt mix based on market conditions, aiming for consistent returns.

However, Mutual Funds, even debt funds, come with some risk. They are subject to market fluctuations, and while they aim to provide better returns than FDs, they might not always guarantee fixed returns.

Given your situation, consulting with a Certified Financial Planner would be highly beneficial. They can assess your risk tolerance, financial needs, and recommend a suitable investment strategy tailored to your requirements.

Remember, while aiming for higher returns, it's also essential to maintain a balance between risk and returns, ensuring your investments align with your financial goals and peace of mind in retirement.

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Dear Sir, My son rank is 41000 in jee mains and DA-IICT has launched two BS - MS Dual program in IT and second in AI and Data science. What are chances to get this course ? What is the scope of this course? In can see now in job portals trend is changing and companies only ask for Bachelors/Master degree and need to focus on skills. Is it a good option?
Ans: Sachin Sir, At a CRL rank of 41,000, securing a seat in DA-IICT’s regular B.Tech programs is unlikely, as recent closing ranks for ICT, MnC, and VLSI are much higher. However, the institute’s newly launched 5-year BS–MS Dual Degree programs in IT and Data Science & AI offer a more realistic alternative. These programs admit students based on JEE Main Mathematics percentile or CUET scores, not overall CRL, and since 2026 is their first admission cycle, competition may be less intense.

This 5-year, 200-credit curriculum is ideal if your son is passionate about coding, AI, data science, cybersecurity, or research-oriented tech careers—provided the fee structure and longer commitment are manageable. It’s also wise to keep several reliable backup options rather than relying solely on DA-IICT.

Ultimately, success depends less on the degree and more on how your son invests his time: honing technical and communication skills, building a professional profile through projects/internships, networking with alumni and industry experts, maintaining visibility on platforms like LinkedIn, and developing emotional intelligence to confidently navigate his career path. All the BEST for Your Son's Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

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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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