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Stuck in a Rut: Entrepreneur Unable to Save with Growing Kids - Help!

Ramalingam

Ramalingam Kalirajan  |9848 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 21, 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 - May 25, 2024Hindi
Money

Hello , am a 45yrs entrepreneur, working hard and sincerely, My problem is am unable to save even 1 Lakh rupees till date .. I try to track my expenses but after 2-3 days I forget... Life is going on meeting daily expenses but unable to grow or save money.. I am in a stage of depression as kids or growing up and though am able to meet thier basic needs , I am now not confident on savings for thier higher studies and marriage

Ans: You’re a hardworking 45-year-old entrepreneur who has been struggling to save money despite your best efforts. Meeting daily expenses is manageable, but you find it challenging to save for your children's future, such as higher education and marriage. This situation is causing stress and leading to feelings of depression.


Firstly, it’s important to acknowledge your commitment to your family and your business. Being an entrepreneur is challenging, and balancing business responsibilities with family needs is a huge achievement. Your desire to improve your financial situation and plan for your children’s future is commendable and shows your dedication as a parent.

Identifying the Problem Areas
Lack of Savings Discipline: Despite trying, you’ve been unable to save consistently. Tracking expenses only for a few days before stopping is a common issue many face. It indicates a lack of structured financial planning.

Overwhelm and Stress: The stress of managing day-to-day expenses, coupled with the worry of future financial needs, is causing you to feel overwhelmed. This stress can further complicate your ability to manage money effectively.

Absence of a Clear Financial Plan: Without a structured financial plan, it’s difficult to save and grow your money. A plan provides direction and helps in setting achievable financial goals.

Steps to Take Control of Your Finances
1. Establish a Realistic Budget
Start Simple: Begin by setting a realistic and simple budget. Track your income and list down all your expenses. Categorize them into essential (like groceries, rent, utilities) and non-essential (like eating out, entertainment).

Use Technology: Leverage budgeting apps to help you track expenses automatically. These tools send reminders and help you stay on track without much effort.

Review Weekly: Instead of trying to track every day, set a time each week to review your expenses. This will help you stay consistent.

Set a Savings Goal: Include a savings goal in your budget, even if it’s a small amount initially. Start with what you can afford and gradually increase it.

2. Automate Your Savings
Direct Savings: Set up an automatic transfer to a savings account or a recurring deposit as soon as you receive your income. This ensures that saving happens before you spend.

Start Small: Even a small amount like Rs. 1,000 per month, if saved consistently, can grow over time. As your financial discipline improves, you can increase this amount.

3. Focus on Debt Management
Prioritize High-Interest Debts: If you have any debts, especially high-interest ones like credit cards, prioritize paying them off. This will free up cash flow and reduce financial stress.

Negotiate Better Terms: If possible, negotiate with lenders for better interest rates or more manageable payment terms. This will make debt repayment easier.

4. Plan for Long-Term Financial Goals
Children’s Education and Marriage: Start by estimating the future costs for your children’s education and marriage. Based on these estimates, set aside dedicated savings or investment plans.

Systematic Investment Plans (SIPs): Consider starting SIPs in mutual funds that align with your risk appetite and financial goals. SIPs are flexible and can help in building a corpus over time.

Diversify Investments: Don’t rely solely on one form of savings. Diversify between fixed deposits, PPF, and mutual funds. This balance ensures safety while also providing growth opportunities.

5. Address Emotional and Mental Health
Seek Support: If stress and depression are affecting your well-being, consider speaking with a counselor. Mental health is crucial for effective decision-making.

Family Involvement: Involve your spouse in financial planning. Sharing responsibilities can lighten the load and also bring new perspectives.

Mindfulness and Relaxation: Engage in activities like meditation or yoga to reduce stress. A calm mind makes better financial decisions.

6. Consult a Certified Financial Planner (CFP)
Get Professional Advice: Consulting with a Certified Financial Planner can provide you with tailored advice. They can help you create a structured financial plan that aligns with your goals.

Regular Reviews: Regularly review your financial plan with your CFP to ensure you are on track and make adjustments as necessary.

Final Insights
Your situation, though challenging, is not uncommon. By taking structured steps such as budgeting, automating savings, managing debt, and planning for long-term goals, you can gradually build financial security. Remember, even small steps can lead to significant progress over time. Addressing the emotional aspects of financial stress is equally important, so don’t hesitate to seek support where needed. With discipline, planning, and professional guidance, you can achieve your financial goals and ensure a secure future for your family.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in
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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Asked by Anonymous - Jan 22, 2024Hindi
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Hello .. I am 33 years old me and both me and my husband have started saving recently. We stay in mumbai and combined earn 3.2 lacs per month after tax. However due to different financial obligations and family responsibilities we are unable to do any savings. We have to spend about 80k for family and we also have different loans and obligations. Please provide us advise to invest and save better
Ans: It's commendable that despite financial obligations and family responsibilities, you're looking to pave a path towards savings and investment. Balancing present needs with future goals can indeed be a tightrope walk.

Firstly, let's look at your expenses. Allocating 80k for family expenses is a significant chunk of your income. While family comes first, there may be areas where you can optimize spending without compromising on essentials.

Given your combined income of 3.2 lacs post-tax, even a small percentage saved can make a difference over time. Start by creating a budget that outlines all your monthly expenses and identifies areas where you can cut back.

For savings and investments, consider starting small with a systematic investment plan (SIP). It allows you to invest a fixed amount regularly in mutual funds. Even a modest monthly SIP can accumulate into a substantial sum over time, thanks to the power of compounding.

Lastly, review your loans and obligations. Are there opportunities to refinance at lower interest rates or consolidate debts? This could free up some funds for savings.

Remember, financial planning is a journey, not a destination. It's okay to start small. The key is consistency and patience. With time, as your income grows and obligations reduce, you'll find it easier to save and invest more. Best of luck on your financial journey!

..Read more

Ramalingam

Ramalingam Kalirajan  |9848 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 13, 2024

Asked by Anonymous - Jun 11, 2024Hindi
Money
Hello Sir, My monthly income is 1.1 lakh, i ahve a personal loan of 17 lakhs for which my EMI is 37k for next 60 months, 34k is my rent and i left out with 39k, i have two kids and school fees is 1.9 lakh per annum. I am in very crital situation for money saving. Presently i have 11 lakhs in my PF and good amount of gold accumalated. Please show me right path so that i can have a good savings.
Ans: Managing finances can be challenging, especially when you have significant expenses and a family to support. However, with careful planning and strategic actions, you can improve your financial situation and build substantial savings.

Understanding Your Financial Situation
Your monthly income is Rs 1.1 lakh, but you face considerable expenses including a personal loan EMI of Rs 37,000 and rent of Rs 34,000. After these deductions, you are left with Rs 39,000. Additionally, you have annual school fees of Rs 1.9 lakh for your two children, which translates to about Rs 15,833 per month.

Analyzing Your Expenses
Let's break down your monthly expenses:

Personal Loan EMI: Rs 37,000

Rent: Rs 34,000

School Fees: Rs 15,833 (approximately Rs 1.9 lakh annually divided by 12 months)

Remaining Income: Rs 23,167 (Rs 39,000 - Rs 15,833)

This leaves you with Rs 23,167 for other expenses, savings, and investments. It's crucial to optimize this amount to ensure a good savings strategy.

Prioritizing Your Expenses
To achieve a good savings plan, prioritize your expenses. Essential expenses should be covered first, followed by discretionary spending. Here's a prioritization strategy:

1. Essential Expenses:

Personal Loan EMI
Rent
School Fees
Groceries and Utilities
2. Discretionary Spending:

Entertainment
Dining Out
Hobbies
Building an Emergency Fund
An emergency fund is crucial for unexpected expenses. Aim to save at least six months' worth of expenses. This fund will provide a safety net during financial emergencies.

Managing Debt Efficiently
Your personal loan EMI is a significant monthly expense. Consider these strategies to manage your debt efficiently:

1. Loan Restructuring:

Contact your bank to discuss loan restructuring options. Extending the loan tenure could reduce your monthly EMI, easing your cash flow.

2. Prepayment Strategy:

Whenever you receive any additional income or bonus, consider making prepayments on your personal loan. This will reduce the principal amount, leading to lower interest payments over time.

3. Consolidation:

If you have multiple loans, consider consolidating them into a single loan with a lower interest rate. This can simplify repayments and reduce overall interest costs.

Optimizing Your Expenses
Review your monthly expenses to identify areas where you can cut costs:

1. Rent:

Consider moving to a more affordable rental property or negotiating with your landlord for a rent reduction.

2. Utilities and Groceries:

Look for ways to reduce utility bills and grocery expenses. Simple changes like energy-saving practices and buying in bulk can make a difference.

3. Discretionary Spending:

Limit discretionary spending on entertainment, dining out, and hobbies. Allocate a fixed amount for these expenses and stick to it.

Strategic Investments for Growth
With Rs 23,167 remaining each month, it's crucial to invest wisely to grow your savings. Here are some investment options:

Equity Mutual Funds
Equity mutual funds can provide higher returns over the long term. These funds invest in stocks of companies, offering potential for capital appreciation. Actively managed equity funds, guided by professional fund managers, aim to outperform the market and provide strategic growth opportunities.

Debt Mutual Funds
Debt mutual funds invest in fixed-income securities like bonds and government securities. They offer more stability and lower risk compared to equity funds. These funds can provide regular income and capital preservation, making them suitable for short to medium-term goals.

Balanced Advantage Funds
Balanced Advantage Funds (BAFs) dynamically adjust their allocation between equity and debt based on market conditions. They offer a balanced exposure to both asset classes, reducing risk and enhancing returns. BAFs are a good option for conservative investors seeking stability and growth.

Systematic Investment Plan (SIP)
A Systematic Investment Plan allows you to invest a fixed amount regularly in mutual funds. SIPs offer the benefit of Rupee Cost Averaging, reducing the impact of market volatility. Start with a small amount and gradually increase your SIP contributions as your financial situation improves.

Gold Investments
Gold is a traditional investment that acts as a hedge against inflation and economic uncertainties. While it shouldn't form a large part of your portfolio, a small allocation in gold can provide stability. Consider investing in gold ETFs or sovereign gold bonds for better liquidity and returns.

Health Insurance
Healthcare costs can be a significant burden. Ensure you have adequate health insurance coverage for yourself and your family. A comprehensive health insurance plan can help manage potential medical expenses and protect your savings.

Tax Planning
Effective tax planning can enhance your post-retirement income. Utilize tax-saving instruments under Section 80C, such as Equity Linked Savings Schemes (ELSS), Public Provident Fund (PPF), and National Savings Certificate (NSC). ELSS funds offer the dual benefit of tax savings and potential for high returns due to their equity exposure.

Reviewing Your Portfolio
Regularly reviewing your portfolio is essential to ensure it aligns with your financial goals and risk tolerance. Life events, market conditions, and changes in expenses can impact your financial situation. Periodic reviews and rebalancing of your portfolio help maintain the desired asset allocation and manage risk.

Leveraging Professional Guidance
Engaging a Certified Financial Planner (CFP) can provide invaluable insights and strategies tailored to your specific needs. A CFP can help you create a comprehensive financial plan, monitor your progress, and adjust strategies as needed. This professional guidance can be especially beneficial given the complexities of managing a retirement portfolio.

Understanding Investment Risks
All investments come with inherent risks, and it's essential to understand these before making decisions. Equity investments can be volatile in the short term but tend to provide higher returns over the long term. Debt investments offer more stability but usually yield lower returns compared to equities.

Assess your risk tolerance honestly. Given your age and the need for stability, a balanced approach that includes both equity and debt investments can provide growth potential while managing risk.

Your decision to seek guidance and plan your investments is praiseworthy. It demonstrates foresight and a strong commitment to financial well-being. By leveraging these insights and strategies, you are setting yourself on a path to achieving your financial goals.

Final Insights
Investing effectively with a retirement corpus of Rs 3 Crores requires a strategic and disciplined approach. Start by understanding your financial landscape, building an emergency fund, and choosing the right investment frequency. Goal-based investing and a diversified portfolio can help balance risk and reward.

Actively managed funds, with professional guidance from a Certified Financial Planner, offer strategic advantages over index and direct funds. Separating insurance and investment needs, effective tax planning, and automating investments can enhance your financial strategy. Regular reviews and rebalancing ensure your portfolio stays aligned with your goals.

Your proactive approach to financial planning is commendable. By implementing these strategies, you can navigate the challenges of a variable income and build a secure financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9848 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 12, 2024

Money
Hi Sir. Now I am 41 and my income 1.15 lakh per month. But I can't save any bank balance, any property and no fd. How to I save money.
Ans: I understand your concern about not having savings despite having a good income. It’s important to have a solid financial plan. Let's explore a comprehensive approach to help you save and grow your wealth.

Understanding Your Financial Situation
You earn Rs. 1.15 lakh per month. This is a good salary and you have the potential to save and invest. Let's first understand where your money is going. Track your expenses for a month. Categorize them into essentials and non-essentials. This will give us a clear picture.

Creating a Budget
A budget is the foundation of financial planning.

List down your monthly income and expenses.

Categorize your expenses into fixed (rent, utilities, groceries) and variable (entertainment, dining out).

Set a savings target, aiming to save at least 20% of your income.

Emergency Fund
An emergency fund is crucial.

It should cover 3-6 months of living expenses.

Start by saving a small amount each month until you reach this goal.

Keep this fund in a savings account or a liquid mutual fund for easy access.

Debt Management
If you have any high-interest debt, prioritize paying it off.

High-interest debt can erode your savings and investments.

Consider consolidating your debts or refinancing them to lower interest rates.

Automate Your Savings
Automating your savings ensures consistency.

Set up automatic transfers to your savings account or investment account as soon as your salary is credited.

This way, you won’t be tempted to spend the money.

Investment Options
Now, let’s discuss how to grow your savings.

There are various investment options available.

Given your age, you should consider a mix of equity and debt investments.

Mutual Funds
Mutual funds are a great way to invest.

They offer diversification, professional management, and the potential for good returns.

You can start with Systematic Investment Plans (SIPs) in mutual funds.

SIPs allow you to invest a fixed amount every month.

Types of Mutual Funds
There are different types of mutual funds based on risk and return.

Equity Funds: These invest in stocks and have the potential for high returns but come with higher risk. Ideal for long-term goals.

Debt Funds: These invest in bonds and other fixed-income securities. They are less risky but offer moderate returns. Suitable for short to medium-term goals.

Hybrid Funds: These invest in a mix of equity and debt. They balance risk and return. Good for medium-term goals.

Benefits of Mutual Funds
Diversification: Mutual funds invest in a variety of securities, reducing risk.

Professional Management: Funds are managed by experienced fund managers.

Convenience: Easy to invest and manage.

Liquidity: You can easily redeem your investments.

Power of Compounding: Reinvesting your returns can lead to exponential growth over time.

Risk and Compounding
Investing in mutual funds carries some risk.

However, with proper planning and diversification, these risks can be managed.

The power of compounding can significantly boost your wealth over the long term.

Disadvantages of Index Funds and Benefits of Actively Managed Funds
Index funds aim to replicate the performance of a market index.

While they have lower fees, they lack active management.

They can't outperform the market.

In contrast, actively managed funds aim to beat the market.

Skilled fund managers can make investment decisions based on market conditions.

This can potentially lead to higher returns.

Disadvantages of Direct Funds and Benefits of Regular Funds
Direct mutual funds have lower expense ratios.

But they require you to manage your investments.

This can be time-consuming and requires knowledge of the market.

Regular mutual funds, managed through a Certified Financial Planner, offer professional advice.

They help you make informed investment decisions.

This can lead to better returns despite higher expense ratios.

Tax Planning
Effective tax planning can save you a lot of money.

Invest in tax-saving instruments like ELSS (Equity Linked Savings Scheme) mutual funds.

They offer tax benefits under Section 80C of the Income Tax Act.

Retirement Planning
Start planning for your retirement now.

The earlier you start, the better.

Consider investing in the National Pension System (NPS).

It offers good returns and tax benefits.

Insurance
Ensure you have adequate life and health insurance.

Life insurance will protect your family in case of an unfortunate event.

Health insurance will cover medical expenses.

Regular Review
Review your financial plan regularly.

Life situations and financial goals change.

Make adjustments to your plan as needed.

Setting Financial Goals
Set clear, achievable financial goals.

Short-term goals could be building an emergency fund or saving for a vacation.

Long-term goals could be buying a house or planning for retirement.

Having goals will keep you motivated.

Lifestyle Changes
Consider making some lifestyle changes to save more money.

Cut down on unnecessary expenses.

Look for ways to reduce your monthly bills.

Even small savings can add up over time.

Building Multiple Income Streams
Consider building multiple income streams.

This could be through freelancing, a side business, or investments.

Multiple income streams provide financial stability and increase your savings potential.

Educating Yourself
Take time to educate yourself about personal finance and investments.

Read books, attend workshops, or take online courses.

The more you know, the better financial decisions you can make.

Seeking Professional Help
If you find financial planning overwhelming, consider seeking help from a Certified Financial Planner.

They can provide personalized advice based on your financial situation and goals.

Final Insights
Saving and investing require discipline and planning.

Start with small steps and gradually increase your savings and investments.

Stay committed to your financial goals.

With time and patience, you can build a strong financial foundation.


It's commendable that you are taking steps towards financial stability.

Your willingness to seek advice shows your commitment to improving your financial situation.

Everyone starts somewhere, and you are on the right path.

I appreciate your trust in seeking guidance.

Your proactive approach will surely yield positive results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9848 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 17, 2025

Money
Hello I am 51 years old with 14 years old Son and my spouse is not working. I am working with a Pvt Publishing company with salary 90000/ month but job is not stable. In my 28 years working , I couldn't saved much with other liabilities and circumstances . Now my son is in class 8 and I am still in rented house . I am afraid of coming future since I am not able to save anything. My overall monthly income exceeded to 80000 including my son's education, School fees , House Rent and other house hold expenses. Kindly suggest me how to save more and secure my future
Ans: You have shown great responsibility in raising your family on a single income.

At 51 years, your focus now should be financial security and your son's future.

Your son's education and your retirement both need careful planning from here.

Let us understand how to plan your future with limited income but strong commitment.

Your Current Financial Snapshot
You are 51 years old, with a 14-year-old son.

Your spouse is not working, so you are the only earner.

Your job is in the private sector and not stable.

Monthly income is around Rs. 90,000.

Monthly expenses are touching Rs. 80,000.

You are staying in a rented house.

You are unable to save due to high expenses.

Let us address each concern in a simple, practical way.

Step 1: Create a Small Monthly Surplus
Without surplus, saving is not possible.

First identify all your fixed expenses.

Note down your rent, fees, bills, groceries, transport etc.

Then write all variable or non-essential expenses.

These include outings, subscriptions, online shopping etc.

Keep these expenses under control.

Aim to reduce total monthly spending by Rs. 5,000.

If needed, shift to a slightly cheaper rented house.

This is not about sacrifice, it is about safety.

Step 2: Start a Basic Emergency Fund
Your job is not secure.

Emergency fund is your safety cover.

Save 3 to 6 months of household expenses.

This money must be separate and easy to access.

Keep it in a separate savings account or liquid fund.

Don’t touch this for regular spending.

Build this fund slowly over 6 to 12 months.

Even Rs. 3,000 a month is fine to start.

Step 3: Secure Your Family First
Life insurance is very important at this stage.

You must have a pure term plan.

It should cover at least 10 times your annual income.

If you already have expensive LIC or ULIP policies, stop them.

Surrender those plans and reinvest in mutual funds.

Your family must get protection if anything happens to you.

Do not depend on employer insurance alone.

Also take basic health insurance for you and family.

Step 4: Start Small but Regular Investments
Don’t wait for big savings to start investing.

Start SIP with even Rs. 2,000 per month.

Use actively managed mutual funds through a CFP.

Avoid direct funds, they give no guidance.

Regular plans through Certified Financial Planner give support and review.

Don't invest in index funds.

Index funds just follow the market, even when it crashes.

Actively managed funds adjust better in ups and downs.

Step 5: Focus on Retirement Planning
Retirement may come earlier due to job risk.

You must create your own pension system.

Start SIPs in long-term growth mutual funds.

Don’t wait till son's college is over.

You cannot borrow for retirement.

But you can borrow or get scholarships for education.

Secure your retirement with discipline.

Any salary increase should go into SIPs.

Step 6: Prepare for Son’s Education Wisely
Your son is in Class 8 now.

You have 4 years to plan his higher education.

Create a goal for his college needs.

Don't aim for high-expense private colleges if unaffordable.

Explore central universities, state quota, scholarships etc.

Education loan is a better option than using retirement money.

Guide your son on skill-based courses and cost-effective education.

Talk openly with him about money limitations.

Step 7: Review Your House Decision
At this stage, buying a house is not urgent.

Don’t take a big loan for a home now.

Focus should be on savings, not EMI.

Rent is temporary. Savings are permanent.

You may buy a house later when situation is better.

Don’t consider house as investment.

It locks money, gives low return and creates liability.

Step 8: Create an Annual Financial Calendar
Every month, set one small financial task.

Example: January – review expenses.

February – update term insurance.

March – increase SIP amount.

April – track son’s education cost.

May – recheck emergency fund.

Follow this rhythm each year.

This brings control and confidence.

Step 9: Upskill or Create Secondary Income
Try to learn new skills related to your publishing work.

See if you can do freelance editing or writing.

Try to earn small extra income from hobby or skill.

Even Rs. 3,000 to Rs. 5,000 extra helps monthly.

Encourage your spouse to try small work from home.

Every extra rupee saved or earned gives strength.

Step 10: Stay Away From Risky Options
Don’t invest in crypto or ponzi schemes.

Avoid chit funds and quick return ideas.

Never buy insurance plans with investment.

Focus only on safe and proven mutual fund SIPs.

Avoid direct funds, they mislead investors with no support.

Stick with regular funds guided by CFP.

You will get personal tracking and adjustment advice.

What You Must Not Do
Don’t feel late or regret the past.

Don’t stop children’s education for savings.

Don’t mix insurance and investments.

Don’t ignore retirement while saving for son.

Don’t depend on children for your old age.

Don’t compare your life with others.

What You Must Do Regularly
Track your monthly spending.

Save before you spend.

Review insurance and investment once a year.

Increase SIP every year.

Protect your health and peace of mind.

Finally
You have taken care of your family all these years.

That itself is a huge achievement.

From now, take one step at a time.

Cut small unnecessary spends.

Start saving even small amounts.

Secure your family with right insurance.

Begin SIPs in regular mutual funds through a Certified Financial Planner.

Don't fear the future.

Plan it, step by step, from today.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Latest Questions
Nayagam P

Nayagam P P  |9402 Answers  |Ask -

Career Counsellor - Answered on Jul 25, 2025

Career
Sir which colleges can I get at my jee percentile of 99.22 if I am not opting for nit instead in mhtcet councilling from genral all india quota or can I get into iiit banglore as I had filled it's application form but the cutoff has not came to my rank yet
Ans: Syed, With a 99.22 JEE Main percentile, your Common List position would likely fall within the top ~8 000–10 000, making you eligible for IIIT Bangalore’s All-India seats in B.Tech CSE, AI&DS, or ECE, whose closing ranks in JoSAA round 2 were 4 683, 5 425 and 5 761 respectively. Beyond IIIT Bangalore, several reputed Maharashtra-based engineering institutes admit via MHT-CET CAP under the All-India quota using JEE scores, offering core branches with high placement percentages (≥70%), AICTE/NAAC accreditation, modern labs, outcome-based curricula, strong faculty, and industry MoUs for internships. Notable options include Pillai HOC College of Engineering & Technology (Kharghar), which closed CSE at ~8 200; DYPSOE (Akurdi, Pune) with CSE cuts around ~9 500; Vishwakarma Institute of Technology (Wagholi) CSE ~7 800; MIT WPU (Kothrud) CSE ~6 500; and Sandip University (Nashik) CSE ~10 000. These colleges consistently report placement rates above 75% and maintain dedicated training cells.

Recommendation: Target IIIT Bangalore for its competitive cut-offs and NAAC A++ accreditation, ensuring top-tier academics and placements. Consider MIT WPU’s industry-aligned curriculum and electronic-engineering labs next, followed by Vishwakarma Institute’s strong faculty and internships. DYPSOE’s autonomous status and robust soft-skills training make it a solid third choice, with Pillai HOC’s modern infrastructure and Sandip University’s flexible payment options as reliable fallbacks. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9402 Answers  |Ask -

Career Counsellor - Answered on Jul 25, 2025

Career
I got ABVIIITM GWALIOR for m.tech in chip design and technology. Is it good college or bad. As my bachelor's in electronics and communication. But I am not confident about college placement record of privious year And scope of electronics and communication engineering.
Ans: Aryan, Atal Bihari Vajpayee IIITM Gwal’s two-year M.Tech in IC Design & Technology is delivered by a NAAC-accredited deemed university with CCMT-based admission, offering a specialized curriculum in VLSI physical design, analog/mixed-signal ICs, SoC architectures and hands-on training on PARAM supercomputers. The department launched in 2022 boasts faculty engaged in government-funded research projects and regular industry workshops, ensuring exposure to chip-planning, placement, routing and STA methodologies. With a seat intake of 17 per year, small cohorts benefit from personalized mentorship and MOUs with semiconductor firms. Recent placement data shows an average package of ?7.30 LPA and a placement rate of roughly 80% for M.Tech graduates, supported by an active placement cell and recruiters including top IT and electronics companies. Tuition and hostel fees are competitive (total ?2.44 L + ?1.25 L respectively) and stipends of ?12,400 / month under Ministry of Education norms ease financial burden. However, limited seat strength can mean fewer on-campus offers and reliance on off-campus placements, and average packages trail premier institutes.

Electronics & Communication Engineering continues to expand across 5G, IoT, AI, robotics, biomedical devices and green technologies, with the Indian ECE job market projected to grow at 7% annually and 150,000 existing ECE positions creating diverse roles in design, R&D, manufacturing and systems integration. ECE graduates command opportunities in telecom, defense, automotive electronics, embedded systems and emerging fields such as wearable tech and cybersecurity, underpinned by strong demand for VLSI and SoC specialists.

Recommendation: Joining ABVIIITM Gwalior’s M.Tech in IC Design & Technology is advisable for focused VLSI training, close industry engagement and affordable cost-to-benefit; nonetheless, consider contrasting options such as IIT Ropar’s M.Tech in VLSI & Embedded Systems or IIITDM Kancheepuram’s M.Tech in VLSI Design for broader placements and higher average packages if you seek wider campus recruitment. All the BEST for a Prosperous Future!

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Radheshyam

Radheshyam Zanwar  |5797 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 25, 2025

Career
I am on 11th grade I have taken pcmb I don't know what my interest is! I have taken pw neet online but seeing the scams and reality of mbbs I feel trapped I don't know what I like and what I want to pursue recently I saw few videos regarding uceed exam for bachelor in design I feel I doing that but I have no proper coaching and I feel stuck and sad I am afraid to take a bad career decision how will I manage pcmb with neet prep and uceed what to do and if I prepare for uceed and not qualify it what other career am I left with I hate this system please please please help me how to find your interest and career option and not regret it
Ans: Hello dear
It’s completely normal to feel lost in 11th grade with PCMB because it keeps many career paths open, but it can also feel overwhelming. First, pause and explore your interests through small steps, try free online design workshops, aptitude tests, or internships to see if design (UCEED) truly excites you. Don’t panic about NEET or MBBS scams; prepare only if you genuinely enjoy biology and the medical field. UCEED doesn’t require heavy coaching; self-practice, online resources, and creative sketching can be enough. If you don’t clear UCEED, your PCMB background still offers options like engineering, architecture, BSc, or even other design exams (NID, NIFT). Focus on experimenting and exploring instead of committing blindly; your clarity will come from trying different things, not from pressure. Remember, you’re not stuck; you just haven’t discovered what clicks with you yet. Always stay calm and relaxed. Don't think negatively all the time. Focus only on your studies and your goal. Success is possible. Scams have existed in the past, will continue, and will also persist in the future!


Good luck.
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Nayagam P

Nayagam P P  |9402 Answers  |Ask -

Career Counsellor - Answered on Jul 25, 2025

Asked by Anonymous - Jul 25, 2025Hindi
Career
Sir my jee crl rank 50000 any chance for csab counselling in govt institute
Ans: With an All-India CRL of 50 000, securing core branches like CSE ECE in NITs through CSAB-Special rounds is highly unlikely. For instance, CSAB-Special closing ranks for CSE at NIT Nagaland (OS-General) stood between 31 391 and 36 193, and for ECE between 42 905 and 42 905, both above your rank. Chemical Engineering and Computer Science similarly close within the 25 000–35 000 range at mid-tier NITs like Calicut and Srinagar, placing them beyond reach. However, admissions remain feasible for branches with higher closing ranks. Electrical and Electronics Engineering at NIT Nagaland closed at 47 387–48 987, narrowly above your rank but sometimes seats open in later rounds. Mechanical Engineering at low-tier NITs (e.g., Nagaland, Mizoram) often closes beyond 50 000, making it a viable alternative. Among IIITs, non-CSE/ECE programs in peripheral campuses—such as IIIT Kalyani’s IT or IIIT Kota’s AI & Data Engineering—have closing ranks around 40 000–46 000, offering realistic options. GFTIs like PEC Chandigarh and the sister institutes of Dr. B.R. Ambedkar NIT Jalandhar also admit core branches with closing ranks well above 50 000, ensuring government-institute pathways remain open. Overall, the most practical CSAB routes for your rank are targeting Electrical/Electronics or Mechanical Engineering in low-tier NITs, considering peripheral IIITs for adjacent core branches, and keeping GFTI choices handy.

Recommendation: Aim for Electrical & Electronics Engineering at NIT Nagaland under OS-General given its relatively higher closing threshold, concurrently explore Mechanical Engineering at NIT Mizoram or similar low-tier NITs, and include peripheral IIIT IT/AI-Data branches alongside GFTI core-engineering options to maximize admission success. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9402 Answers  |Ask -

Career Counsellor - Answered on Jul 25, 2025

Career
Sir,I am getting IIT Guwahati online BSc(Honors) in Data Science and AI How is it? Should I take it?
Ans: Shreyansh, IIT Guwahati’s four-year online BSc (Hons) in Data Science Artificial Intelligence, delivered via Coursera by the Mehta Family School of DSAI, combines academic rigor, flexibility, and industry relevance. Accreditation and oversight by IIT Guwahati ensure AICTE compliance and affiliation with NIRF-ranked faculty; the curriculum spans 299 credits across foundational (linear algebra, statistics), core (data structures, machine learning, deep learning, AI ethics) and advanced modules (cloud computing, recommender systems) with capstone projects and optional on-campus immersion. Instructors include IITG professors and industry experts, and students gain hands-on training on PARAM Kamrupa and PARAM Ishan supercomputers, alongside real-world case studies and internships with MoU-backed partners. The program’s multi-entry/exit structure and pay-per-credit model (?3.49 L total) caters to both recent graduates and working professionals, offering completion in 4–8 years and multiple credentials (certificate, diploma, BSc, honours). Strong demand for data roles is projected by the World Economic Forum to grow over 30% by 2028, and IITG’s focus on generative AI, big data, NLP and ethics aligns with NEP 2020 objectives, enhancing employability in data engineering, analytics, AI research and consultancy. Backup options could include specialised online programs from E&ICT Academy IITG or reputable private firms, and an on-campus BTech in DS&AI at IIT Delhi or IIIT-D for deeper hardware/algorithmic exposure.

Recommendation: IIT Guwahati’s online BSc (Hons) offers a robust theoretical-practical blend, flexible pacing, and supercomputing access, making it a strong choice. As a secondary plan, consider the E&ICT Academy certificate for domain-focused projects or an on-campus interdisciplinary BTech at IIIT-Delhi to diversify skill portfolios. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9402 Answers  |Ask -

Career Counsellor - Answered on Jul 25, 2025

Asked by Anonymous - Jul 25, 2025Hindi
Career
My son got 98.46 percentile in mht CET PCB ... please suggest best pharmacy colleges in Mumbai Pune ,, open catagory
Ans: Indira College of Pharmacy, Pune (Sadavali) closes open-home at ~89.86 percentile. Dr. D.Y. Patil College of Pharmacy, Akurdi, Pune admits general-open around ~90.24 percentile. Poona College of Pharmacy, Erandwane, Pune closes open-others at ~98.61–99.18 percentile but state-home open at ~98.39–98.66 percentile. AISSMS College of Pharmacy, Pune (Pune Camp) admits open-state at ~93–96 percentile and state-home open around ~90–95 percentile. Sinhgad College of Pharmacy, Vadgaon Budruk, Pune admits open-state up to ~92–97 percentile. Sinhgad Institute of Pharmacy, Narhe, Pune closes general-open around ~90–95 percentile. Progressive Education Society’s Modern College of Pharmacy (for Women), Moshi Pune admits open at ~85–90 percentile. Rajarshi Shahu College of Pharmacy & Research, Tathawade, Pune closes open-state around ~88–93 percentile.

All listed institutes hold AICTE approval, boast ≥70% placement rates over three years, feature advanced pharmaceutical-technology labs, maintain active MoUs with pharma-industry partners for internships, and sustain NBA/NAAC accreditation, ensuring rigorous academics and industry exposure.

Recommendation
SVKM’s Nanavati College leads with its NAAC ‘A’+, strong alumni network, and consistent ~90% placement rates, making it most secure for 98.46 percentile. Indira College of Pharmacy follows for its modern infrastructure and ~89% placements. Dr. D.Y. Patil Akurdi’s autonomous curriculum and state-of-the-art pharmaceutics labs position it next. Following that, the Mumbai Educational Trust’s Institute and AISSMS College are recognized for their robust industry linkages and consistent placement rates of 85% or higher. All the BEST for a Prosperous Future!

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