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Should I buy a 65 lakh house with 65k salary, 35k savings, and a wife earning 35k?

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 13, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Sep 06, 2024Hindi
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Hello, My age is 35 year age , Male. I work as a bank Manager in HDFC BANK, my in hand salary is 65K /month . I want to buy a house worth 65 lakh rupees. My wife earns 35k per month. We have 7 lakhs in savings. We have checked the property, that's what we all want. I want to rethink it financially. Also I get discounted rate home loan as per bank. Should I go for it or stay in the rented space for a while. We have a girl child, she is 5 years old. We think about her future also , we are little scared because after loan we will get burden of paying back loan. Please help so that we decide it once and for all.

Ans: Considering that you are already employee of a bank and can get better interest rates I recommend you go ahead and invest in the property.

Both of you are earning which is positive because even if major part of your income goes towards loan repayment you have back up for regular expenses and PPF/NPS/SSY investments.

Retain that 7 Lac as your emergency fund. Add to it so as to cover 8-10 months of expense coverage.

Surely you have group health cover but consider having a separate personal family floater cover which comes in handy during job switch and any unexpected medical need arises.

I am sure you both have adequate term life cover.

All the best!!
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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Ramalingam

Ramalingam Kalirajan  |9403 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

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Good Day Sir, I am 33 now and both husband and wife earning around 1.6 lakhs per annum. We are renting a home of 18000 PM. Total expenses are 1.3 lakhs per month(Including Insurance, basic expenses, term, mutual fund). Investing 21000 PM in mutual fund, want to take a home in city like Noida of around 65 Lakhs. Loan would be around 50 lakhs for 20 yrs of time frame. Current savings is around 20 Lakhs. Can I take a home on loan now or should I wait?
Ans: Assessing Your Current Financial Situation
Income and Expenses
You and your spouse earn around Rs 1.6 lakhs per month.

Your total expenses are Rs 1.3 lakhs per month.

This includes rent, insurance, basic expenses, and mutual fund investments.

Savings and Investments
You are investing Rs 21,000 per month in mutual funds.

Your current savings stand at Rs 20 lakhs.

Home Purchase Consideration
You want to buy a home in Noida worth Rs 65 lakhs.

You plan to take a home loan of Rs 50 lakhs for 20 years.

Financial Stability and Decision-Making
It's crucial to understand the impact of this decision on your financial stability.

Buying a home is a significant financial commitment.

Evaluating the Home Loan Option
Loan Details
A home loan of Rs 50 lakhs for 20 years.

Monthly EMI will depend on the interest rate.

EMI Impact on Monthly Budget
Calculate the EMI to understand its impact on your monthly budget.

Ensure the EMI fits within your budget without straining finances.

Comparing Renting vs. Buying
Currently, you pay Rs 18,000 per month in rent.

Compare this with the expected EMI.

Buying a home may offer long-term benefits.

Pros and Cons of Buying a Home Now
Advantages of Buying Now
Fixed Asset
Owning a home provides a sense of security.

It's a long-term investment for your family.

Appreciation Potential
Property values in Noida may appreciate over time.

This can be beneficial for your investment.

Personalization
You can customize your own home to your liking.

This adds to your comfort and satisfaction.

Disadvantages of Buying Now
Financial Strain
A large EMI could strain your monthly budget.

Ensure you can manage all expenses comfortably.

Opportunity Cost
Using savings for a down payment may reduce your liquidity.

Consider the impact on your emergency fund.

Interest Burden
Home loans come with interest payments.

This adds to the total cost of the property.

Alternative Investment Options
Increasing Mutual Fund Investments
Consider increasing your mutual fund investments.

This can help build a larger corpus over time.

Power of Compounding
Mutual funds benefit from compounding returns.

The longer you invest, the more your money grows.

Risk Diversification
Diversify your investments across different mutual fund categories.

This reduces risk and enhances returns.

Regular Funds vs. Direct Funds
Benefits of Regular Funds
Investing through an MFD with CFP credentials provides professional guidance.

Regular funds offer advisory support.

Drawbacks of Direct Funds
Direct funds require more active management.

You may miss out on expert advice and insights.

Assessing the Timing
Market Conditions
Consider the current real estate market conditions in Noida.

Buying during a favorable market can be advantageous.

Personal Financial Goals
Align your home purchase with your long-term financial goals.

Ensure it doesn't compromise other important financial objectives.

Future Income Prospects
Evaluate your future income prospects.

A stable or increasing income can support your loan repayment.

Final Insights
Comprehensive Financial Plan
Create a comprehensive financial plan.

Include your home purchase, investments, and savings goals.

Emergency Fund
Maintain a robust emergency fund.

Ensure you have 6-12 months of expenses saved.

Professional Guidance
Consult a Certified Financial Planner (CFP).

Get personalized advice tailored to your financial situation.

Balanced Approach
Balance your home loan with other financial commitments.

Ensure a comfortable lifestyle without financial stress.

Regular Review
Regularly review your financial plan.

Adjust it based on changes in income, expenses, and goals.

Long-Term Perspective
Keep a long-term perspective.

Consider the overall impact of your financial decisions on your future.

Conclusion
Buying a home is a significant decision.

Assess all factors carefully.

Ensure it aligns with your financial goals and stability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9403 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

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I am 39 having a monthly gross salary of 1.10 and received in hand is 81000. I have two children 10 and 5 years old. I want to take a home loan of 50 lac. Monthly expenses are about 35000/- . My second source of income gives me on an average 25000/- p.m. No other savings is there. However I have a health insurance and term loan and a Lic for Sum assured 25lac. Now I want to have my own house and I want to take a home loan of 50 lac. At present I am residing in parents home. Sourav Pranjal
Ans: Financial Overview and Assessment
Your financial profile shows a solid income and manageable expenses. However, acquiring a home loan requires careful consideration. Let's break down your financial situation and evaluate the feasibility of a Rs 50 lakh home loan.

Income and Expenses
Primary Income: Rs 81,000/month

Secondary Income: Rs 25,000/month

Total Monthly Income: Rs 1,06,000

Monthly Expenses: Rs 35,000

Net Savings Potential: Rs 71,000

Existing Financial Commitments
Health Insurance: Ensures medical security

Term Loan: Provides life cover

LIC Policy: Sum assured of Rs 25 lakh

Evaluating Home Loan Feasibility
Home Loan Requirement: Rs 50 lakh

EMI Calculation: The EMI for a Rs 50 lakh home loan for 20 years at an 8% interest rate would be approximately Rs 41,822.

Analysis of EMI Affordability
Net Savings Potential: Rs 71,000

Expected EMI: Rs 41,822

You can comfortably afford the EMI. Your net savings post-EMI payment would be Rs 29,178, which provides a good cushion for emergencies and additional savings.

Planning for Future Expenses
Children’s Education: Planning is crucial for your children's education expenses. Start a SIP in a diversified equity mutual fund to build a corpus for this.

Emergency Fund: Maintain an emergency fund equivalent to 6 months of expenses, including EMI.

Investment Strategy
Mutual Funds SIPs: Invest in diversified mutual funds to grow your wealth over time.

Stocks SIP: Direct stock SIPs can offer higher returns but come with higher risk. Balance with mutual funds for stability.

Insurance and Savings Recommendations
Increase Term Insurance: Ensure your term insurance covers at least 10 times your annual income.

Review LIC Policy: Evaluate the performance and consider if switching to mutual funds can yield better returns.

Advantages of Mutual Fund SIPs Over Direct Stock SIPs
Professional Management: Managed by experts who make informed decisions.

Diversification: Reduces risk by spreading investments across multiple stocks.

Ease of Investing: Less time-consuming and easier to manage.

Liquidity: Easy to redeem units when needed.

Final Insights
Home Loan Feasibility: You can afford the home loan. Ensure you have a buffer for emergencies.

Children’s Education: Start saving through SIPs to build a corpus.

Emergency Fund: Maintain 6 months of expenses as a buffer.

Term Insurance: Increase coverage to secure your family’s future.

Investment Strategy: Diversify between mutual funds and stocks. Prioritise mutual funds for stability and professional management.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9403 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 23, 2024

Money
I am 64 Years of age still earning rs 18 LPA living on rent @ 21000pm, should i go to purchase a house of 60 lacs my saving may be 80 Lacs I dont have any further liability me and my wife is there only , Two daughters married. Please advise
Ans: You are 64 years old and still earning Rs. 18 lakhs annually. Living on rent for Rs. 21,000 per month seems manageable. You have savings of Rs. 80 lakhs and no other liabilities. With your two daughters married, you and your wife are financially secure in terms of dependents.

You are considering purchasing a house worth Rs. 60 lakhs. This is a significant decision and requires careful evaluation.

Assessing the Need for Purchasing a House
Renting vs. Owning
You are currently paying Rs. 21,000 monthly in rent, which equals Rs. 2.52 lakhs annually. This is a reasonable amount compared to your income of Rs. 18 lakhs per year. Owning a house, however, will bring additional costs such as property tax, maintenance, and repairs. Let's consider the benefits and drawbacks of buying a house at this stage.

Advantages of Renting:
Flexibility to move if needed.
Lower ongoing financial commitment.
Savings can continue to grow and be invested elsewhere.
Advantages of Owning:
Stability and security of owning your home.
No monthly rent payments.
Potential long-term capital appreciation.
Buying a house would use up a large portion of your savings. It might limit your liquidity and leave you with less cash for emergencies or future needs. At your age, liquidity is crucial for managing unforeseen expenses, especially healthcare-related ones.

Liquidity and Emergency Planning
You and your wife need a financial cushion for healthcare and daily living expenses. Though your earnings are good, retirement could be on the horizon. The Rs. 80 lakhs you have saved should be allocated wisely to provide for your post-retirement years.

Buying a house will deplete Rs. 60 lakhs, leaving only Rs. 20 lakhs for other needs. This may not be sufficient for future healthcare, emergencies, or lifestyle expenses.

Investment Potential
House as an Investment Option
While buying a house may seem like a good investment, it is a less liquid asset. If you need cash in the future, selling property may take time. Property prices also fluctuate based on market conditions. In contrast, keeping your savings liquid in mutual funds, fixed deposits, or other financial instruments can offer flexibility and consistent growth.

A Certified Financial Planner would typically advise against locking up too much of your savings in real estate, especially at this age. It may be better to focus on investments that offer liquidity, safety, and steady returns.

Health Care and Long-Term Planning
As you and your wife age, healthcare costs will likely rise. Keeping a significant portion of your Rs. 80 lakh savings in easily accessible and growth-oriented investments is essential. Healthcare emergencies or long-term care may arise, and selling a house during such times might not be feasible.

Consider enhancing your health insurance coverage if needed. Also, set aside funds in safe, liquid investments that can be accessed easily during emergencies.

Evaluating Your Current Income and Expenses
You are earning Rs. 18 lakhs annually, which gives you good financial stability. Your current rent of Rs. 21,000 per month is reasonable compared to your income. This leaves you with plenty of room for savings and investments.

Buying a house worth Rs. 60 lakhs may disrupt this balance. You will not only lose liquidity but also face additional expenses like property tax, maintenance, and repairs. Renting, on the other hand, provides flexibility without burdening your finances.

Benefits of Actively Managed Funds over Real Estate
If you are considering investing your Rs. 80 lakhs, actively managed mutual funds can provide better returns and more flexibility than real estate. Actively managed funds have the potential to outperform the market, as professional fund managers can adjust the portfolio based on market conditions.

In contrast, real estate is an illiquid investment and can take time to sell if needed. Moreover, real estate prices can stagnate or even decline in certain areas, making it a less attractive investment compared to mutual funds that offer both growth and liquidity.

Disadvantages of Index Funds
Some people prefer index funds for their low fees, but they are not the best option for everyone. Index funds merely replicate the market performance and may not provide significant returns over inflation in the long run. Actively managed funds, on the other hand, can potentially beat the market and give higher returns, making them more suitable for long-term wealth creation.

Disadvantages of Direct Mutual Funds
You may have considered direct mutual funds because of lower expense ratios. However, these funds do not come with expert advice, which is crucial, especially when managing significant retirement savings.

Investing through a Certified Financial Planner (CFP) and a Mutual Fund Distributor (MFD) provides access to personalized guidance. A CFP will help you balance your portfolio based on your goals, risk appetite, and time horizon. This can make a big difference in managing your wealth efficiently.

Maintaining Financial Independence
Given your age and the absence of any liabilities, it is vital to maintain your financial independence. Your income is good, but in the coming years, you may want to transition into retirement. Financial independence means having enough liquid assets to cover living expenses, healthcare, and unforeseen emergencies without worrying about market fluctuations.

Locking a large portion of your savings in real estate could compromise your financial independence. In contrast, keeping your savings in a diversified portfolio of liquid investments ensures that you can continue to manage your expenses and live comfortably.

Final Insights
Here are some important points for your situation:

Liquidity: Retain liquidity to cover emergencies, healthcare, and lifestyle expenses.

Renting: Renting at Rs. 21,000 per month is affordable and gives flexibility.

Owning a House: Buying a house may limit your liquidity and increase your financial burden.

Investments: Actively managed mutual funds offer better growth and liquidity than real estate.

Healthcare: Consider enhancing health insurance and setting aside emergency funds.

Long-Term Financial Independence: Focus on investments that provide liquidity and steady growth for retirement.

At this stage of life, maintaining financial flexibility and independence should be the priority. Locking your savings into real estate may not be the best decision.

Best Regards,

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

..Read more

Ramalingam

Ramalingam Kalirajan  |9403 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 01, 2025

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I am 28 & earning net 70k, my wife is earning 50k net and my mother has pension of 30k. Means 1.5Lacs per month in hand. I am planning to take a home loan of 60lacs for 20years, which will have 50-55k emi. We have a 5 month baby. Should i take this much loan or should i prefer a smaller house & take smaller amount of loan.
Ans: Buying a home is a major financial step. A home loan impacts cash flow and future goals. Careful planning is important before taking a big loan.

Your total family income is Rs. 1.5 lakh per month. You are considering a Rs. 60 lakh loan for 20 years. The EMI will be around Rs. 50,000 to Rs. 55,000 per month.

Let’s analyse if this is the right decision.

Impact of a High EMI
Your EMI will be about 35% of your total income.
This is manageable, but it reduces flexibility.
A large EMI means less money for savings and investments.
Your monthly cash flow may get affected.
A lower loan amount means a lower EMI and better financial flexibility.

Future Expenses to Consider
Your baby’s expenses will increase. Education and medical costs will rise.
Household expenses may increase with inflation.
Lifestyle expenses may grow over time.
You may need to save for retirement early.
A smaller home loan gives more room for future expenses.

Emergency Fund Requirement
You must keep 6 to 12 months of expenses as an emergency fund.
A high EMI reduces the ability to build an emergency fund.
Medical emergencies or job loss can create financial stress.
Ensure your emergency fund is strong before taking a big loan.

Investment and Wealth Creation
You must continue investing for future financial goals.
A high EMI may reduce the ability to invest regularly.
If most of your income goes towards EMI, wealth creation slows down.
Keeping EMI manageable helps in long-term financial growth.

Home Loan Interest Burden
A Rs. 60 lakh loan over 20 years means high interest payments.
The total interest paid may be equal to or more than the loan amount.
A smaller loan means less interest burden and early repayment.
A lower loan amount can help achieve debt-free status faster.

Stability of Income
Your income is stable, but future risks exist.
A job change, career break, or business loss can affect loan repayment.
A smaller EMI helps in managing risks.
Avoid overstretching on EMI to maintain financial stability.

Loan Tenure and Flexibility
A shorter tenure means higher EMIs but less interest paid.
A longer tenure means smaller EMIs but more interest paid.
Prepaying a loan early can reduce interest burden.
Choose a loan tenure that keeps EMI affordable but allows faster repayment.

Alternative Approach
Consider a smaller loan with a higher down payment.
Buy a house that meets your needs but reduces financial strain.
Invest the saved amount in higher-return assets.
Balancing homeownership and investment leads to better financial growth.

Family Financial Security
Ensure adequate health and life insurance before taking a loan.
A home loan is a long-term commitment.
Securing your family financially is more important than a bigger house.
A well-planned loan should not affect your financial security.

Renting vs Buying
Compare the cost of renting a similar house.
If rent is significantly lower than EMI, renting may be better for now.
Buying later with higher savings can reduce loan burden.
A wise decision considers both financial and lifestyle factors.

Finally
A Rs. 60 lakh loan is manageable but may reduce financial flexibility.
A smaller loan can help maintain balance between EMI, savings, and investments.
Ensure emergency funds, insurance, and future expenses are covered before taking a big loan.
Buying a house should not compromise wealth creation and financial security.
Making a practical decision will keep your finances strong in the long run.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

..Read more

Ramalingam

Ramalingam Kalirajan  |9403 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Asked by Anonymous - May 18, 2025
Money
I am 39 years old with monthly in-hand salary of 1.55 lacs. I have 20 lacs in PPF 17 lacs in 4 mutual funds investing 33 thousand per month. 12 lacs in EPF. 6 lacs in ssy on name of my daughter she is 8 years now. 3 lacs in NPS. My wife is govt teacher earning 90 thousand per month. she has 20 lacs in in NPS, 20 in PPF. We have purchased a builder floor in Delhi in ~2021 for 45 lacs. in 2024 we purchased an office space in Delhi for 86 lacs in year 2024. I am getting 13 thousand as rent from builder floor and 30000 as rent from office space. I want to sell builder floor and purchase a home to move in it cost me around 1.4 CR for this i might have to take a gome loan of 80 lacs i am worried to rake this bug loan. looking at my financial bg what is your opinion and do you suggest me to take this home loan.
Ans: You have done well in building strong financial pillars. This kind of diversified base offers solid long-term stability.

Now let us evaluate your current situation and future decision about the home purchase and possible home loan from a complete 360-degree angle.

Current Financial Snapshot

You earn Rs. 1.55 lakhs every month in-hand.

Your wife earns Rs. 90,000 every month as a government teacher.

You have Rs. 17 lakhs in mutual funds with Rs. 33,000 SIP monthly.

Rs. 20 lakhs in PPF under your name.

Rs. 12 lakhs in EPF corpus.

Rs. 6 lakhs in Sukanya Samriddhi for your 8-year-old daughter.

Rs. 3 lakhs in NPS.

Wife has Rs. 20 lakhs in NPS and Rs. 20 lakhs in PPF.

You earn Rs. 13,000 rent from builder floor.

Rs. 30,000 rent from office space.

Office space was bought for Rs. 86 lakhs in 2024.

Builder floor was bought for Rs. 45 lakhs in 2021.

You are now planning to sell this builder floor.

Planning to buy a house for Rs. 1.4 crore to live in.

You might need Rs. 80 lakh loan for this new house.

Real Estate Exposure Assessment

You already own an office space.

You also own a builder floor.

Real estate already forms a significant part of your portfolio.

Rental yield from both properties is quite low.

Current builder floor gives just Rs. 13,000 rent per month.

Office gives Rs. 30,000, which is acceptable but still below 5% yield.

Please note, capital appreciation in real estate is not assured.

Unlike mutual funds, real estate lacks liquidity and diversification.

Any property resale also involves high transaction cost and time.

Avoid viewing real estate as an investment option going forward.

Loan Burden Analysis

You are considering an Rs. 80 lakh home loan.

Your net family income is Rs. 2.45 lakhs per month.

Current rental income is Rs. 43,000 in total.

A loan of Rs. 80 lakh over 20 years could mean EMI around Rs. 70,000–75,000 monthly.

This will take 30% of your monthly income directly.

That will reduce cash availability for investment, education and emergencies.

EMI pressure can limit future financial flexibility and stress your budget.

You already have good passive income sources and strong savings.

Investment Portfolio Review

Your mutual fund investments of Rs. 17 lakhs are well managed.

Monthly SIP of Rs. 33,000 is a good sign of discipline.

Avoid investing directly in mutual funds without guidance.

Regular funds through MFD with Certified Financial Planner offer better value.

Direct funds can create confusion and poor exit strategy.

A well-guided regular plan keeps emotions and wrong timing out.

Continue mutual fund SIP and increase annually if possible.

Your PPF, EPF and SSY are secure and tax-efficient debt components.

NPS offers long-term benefit, but only for retirement planning.

Avoid depending on NPS for medium term goals.

Family Goal Planning

Your daughter is 8 years old.

You will need funds for her higher education in next 8–10 years.

House EMI for Rs. 80 lakh will reduce your ability to save for her.

Buying a bigger house now may delay wealth creation for future goals.

Stay focused on education, retirement and medical security first.

Options to Reduce Loan Size

Consider using part of your investments to reduce loan size.

Selling builder floor can give you approx. Rs. 45–55 lakhs.

Use that as down payment to reduce loan to Rs. 60–65 lakhs.

Liquidate only what is not long-term goal linked.

Do not touch PPF, EPF or SSY for home down payment.

If required, pause SIP for 12–18 months, but resume early.

Also consider partially using NPS if allowed after 60 years of age.

Emergency Fund and Contingency Review

Do you have 6–9 months of expenses saved as emergency fund?

With EMI of Rs. 70,000, you must have Rs. 3–5 lakhs as cash or liquid funds.

Keep this amount safe for job loss, health emergencies or family needs.

Emergency fund is the most ignored but crucial safety net.

Cash Flow Insight

Monthly in-hand income is Rs. 2.45 lakhs from both of you.

Rent adds another Rs. 43,000.

This makes Rs. 2.88 lakhs income per month.

Monthly SIP is Rs. 33,000.

Proposed EMI will be around Rs. 70,000.

This leaves enough for lifestyle and other expenses.

Still, it is always better to avoid unnecessary big EMI burden.

Suggestions Before Buying Home

Wait for 6–9 months if possible.

Save more for bigger down payment.

Try to bring loan down to Rs. 60 lakhs or less.

Avoid touching investments made for retirement or daughter.

If selling builder floor gives Rs. 50+ lakhs, go ahead with plan.

Compare ready-to-move house vs. under-construction options.

Do not rush just because property prices are rising.

Mental Peace vs. Financial Logic

Owning a house gives mental satisfaction and stability.

But, it should not disturb other goals.

You are already doing very well financially.

Adding Rs. 80 lakh loan may disturb this healthy balance.

Take a house loan only if it fits into your life, not to match society.

You should feel free, not stuck, because of EMI pressure.

Risk Checkpoints

Are you adequately insured for life and health?

Do you have term insurance covering 15–20 times of your salary?

Are you and your family covered under good health insurance?

These are non-negotiable before taking any big home loan.

Tax Angle Awareness

Home loan interest gives tax benefit under section 24.

Principal repaid is allowed under section 80C.

But benefits should not be the only reason to take loan.

Focus on net wealth creation after EMI and opportunity cost.

Final Insights

You are financially disciplined and have built solid base.

Buying a home is a personal decision.

But taking Rs. 80 lakh loan now is not ideal.

Try to reduce loan by higher down payment.

Prioritise daughter’s education, retirement and financial freedom.

Continue mutual funds SIP and avoid real estate-based investing.

Talk to a Certified Financial Planner for customised step-by-step execution plan.

Focus on long-term compounding with stability and peace of mind.

You are on the right track. Just be careful not to over-leverage.

Smart financial choices today will give more peace tomorrow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

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Nayagam P

Nayagam P P  |7829 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

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Hello sir I have done diploma after my 10th but in diploma I had to take a drop of 1 year in which I did my 12th as well so in diploma I got 60.88% , in 12th boards I got 58.83% and i also tried for VITEEE and got a rank of 154006 and in MHT CET I got 36.52 percentile so is it possible for me to get a college without management quota having a max of 2 lack fees and the mechatronics or robotics branch ? Career
Ans: Rudraksh, With a 36.52 percentile (approx. rank 59 000), admission into top-tier Mechatronics/Robotics programs via general CAP rounds is unlikely. However, select private institutes with total fees under ?2 lakh admit candidates with closing state ranks up to 75 000. Rajarambapu Institute of Technology, Sangli offers B.Tech Mechatronics (lateral entry) for ?1.47 lakh total fees, admitting till ~70 590 rank. Terna Engineering College, Navi Mumbai provides B.E Mechatronics at ?1.2 lakh total fees with closing statewide general percentile around 87.17 (≈rank 50 000–60 000). Prof. Ram Meghe Institute of Technology & Research, Amravati and Pillai College of Engineering, New Panvel admit allied branches such as Robotics & Automation for ranks between 50 000–75 000 via CAP rounds. All have NBA/AICTE approval, PhD-qualified faculty, modern labs for automation, and 70–85% placement rates.

recommendation:
For affordability, infrastructure, and realistic cutoffs, target Terna Engineering College for its ?1.2 lakh fees and CAP closing around your rank, or Rajarambapu Institute of Technology for ?1.47 lakh fees and proven ~70 590 closing rank. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7829 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Asked by Anonymous - Jul 03, 2025Hindi
Career
My son has secured admission in NMIMS Nilkamal School for BSc Applied Statistics and Analytics. Meanwhile, we are awaiting CUET results and considering Indian Statistical Institute for BSc Statistics and Data Science. Hindu College in DU is also a option being a 3 year course. Which one would be the best in terms of career prospects.
Ans: NMIMS’s Nilkamal School of Mathematics, Applied Statistics & Analytics offers a four-year BSc in Applied Statistics & Analytics with NBA-aligned curriculum, dedicated analytics and visualization labs, a full-time placement cell with corporate partnerships for internships and final placements, and personalized career guidance. ISI’s BStat & Data Science (Hons.) provides an elite three-year program under its Institute of Eminence status, led by PhD-active faculty in core and applied statistics, access to high-performance computing clusters, extensive research collaborations, integrated MSc/PhD pathways, and near-100% placement into top tech and research roles. Hindu College DU’s three-year BSc (Hons.) Statistics is A+ NAAC-accredited with CUET-based admission, strong academic rigor and campus life, but campus-driven placement for BSc candidates remains modest (~14% across UG batches over three years), with top recruiters in consulting and analytics offering limited slots.

Recommendation:
For premier placement consistency and research-driven roles, recommendation is ISI BStat & Data Science. Next, choose NMIMS BSc Applied Statistics & Analytics for its modern labs, strong corporate tie-ups, and dedicated placement support. Consider Hindu College BSc Statistics only if you prioritise DU’s brand, academic environment, and peer network. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7829 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Plz suggest pec civil or production
Ans: Punjab Engineering College’s Civil Engineering and Production & Industrial Engineering programs are both NBA-accredited and taught by predominantly PhD-qualified faculty. Civil offers 110 seats, with labs in Structural Analysis, Geotechnical Engineering, Environmental Systems, Surveying, and Transportation, and industry tie-ups with CPWD, IRCON, and L&T. Production enrolls 40 students, featuring advanced Manufacturing, Automation, Robotics, Quality Control, and Six Sigma labs, plus a Siemens-funded Centre of Excellence. Over the last three years, Civil placements averaged ~36% (29–43 offers against 83–104 eligible), while Production saw ~76% conversion (23–36 offers from 26–46 eligible) with 88–90% internship conversion into job offers. Both branches share an average package of ?15.97 LPA and mandate six-month internships. Civil graduates enter construction, infrastructure, and consultancy roles, whereas Production alumni secure manufacturing, operations, and process-engineering positions.

Recommendation:
Given its superior placement consistency (76% vs. 36%), robust manufacturing labs, and stronger industry-internship pipelines, choose Production & Industrial Engineering at PEC. Opt for Civil Engineering only if your interests lie specifically in core infrastructure and environmental projects. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7829 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Which type of questions are came in AIIMS Paramedical exam and what is its paper level ?
Ans: Kirti, The AIIMS Paramedical entrance is a 90-minute, computer-based test comprising 90 four-option MCQs across three mandatory sections—Physics (30 questions), Chemistry (30 questions)—and one optional section (Biology or Mathematics, 30 questions) depending on course eligibility. Each correct response earns +1 mark and each incorrect answer incurs –? mark, with no penalty for unattempted questions. The paper’s overall difficulty is moderate, blending straightforward NCERT-level questions with application-based items in Mechanics, Thermodynamics, Organic Chemistry, and Human Physiology; a few questions demand deeper conceptual clarity but none exceed Class 12 standards.

A successful six-week preparation plan includes:

Syllabus mapping: Download AIIMS paramedical syllabus from aiims.edu and list all Class 11–12 NCERT topics in Physics, Chemistry, Biology/Mathematics.

Concept reinforcement: Strengthen fundamentals via NCERT textbooks; cover each topic thoroughly before moving on.

Targeted practice: Solve 200+ previous years’ AIIMS Paramedical MCQs to familiarize with question framing and moderate difficulty.

Mock testing: From week 2, take one full-length simulated test weekly, increasing to three tests per week in the final fortnight; analyse errors and time spent per section.

Sectional drills: Dedicate two days each week exclusively to Physics and Chemistry problem-solving, one day to Biology/Mathematics, and review one full syllabus revision weekly.

Revision aids: Create concise formula sheets and concept charts; use flashcards for definitions in Biology and key reactions in Chemistry.

Time management: Practice sectional time allocation—30 minutes per section—maintaining 1 minute per question with 10–15 minutes at end for review.

Peer discussion: Join online study groups or local discussion forums to clarify doubts and exchange memory-based questions.

Final recommendation To excel, maintain consistent daily study (5–6 hours), prioritise NCERT mastery and mock-test analysis, and focus on high-yield topics like Kinematics, Biomolecules, Electrostatics, and Human Physiology. Continuous self-assessment and targeted revision will solidify concepts and build exam confidence. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7829 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Hello sir, My son get iit bombay material eng in 3rd round of josaa. He may get admission in DAIICT in ICT. Which one is best to finalize
Ans: Harsh Sir, IT Bombay’s B.Tech in Metallurgical Engineering and Materials Science is ranked #3 by NIRF and delivered by PhD-qualified faculty in a department equipped with central and FIST facilities—OIM & Texture, X-Ray, Nanoindenter, TEM prep, Scanning Probe Microscopy, Hyperflash thermal analysis, dual vacuum SEM, and an HPC cluster—on a 500-acre Powai campus. Accredited by AICTE, NBA, and with NAAC recognition, the program recorded a 70.37% batch placement rate in 2024 through core recruiters like Intel, Qualcomm, and L&T. DA-IICT’s B.Tech in Information and Communication Technology holds NAAC A+ accreditation, UGC approval, and operates a 1:1 computing infrastructure—including a five-node GPU-enabled HPC cluster, 1 Gbps campus LAN, 1,300+ desktops, 30 servers, and 22 teaching plus 11 research labs (Electronics, DSP, CS, HPC, IoT, VLSI)—supported by PhD faculty and industry-seasoned instructors. Over the past three years, 80–90% of ICT graduates secured placements via 120+ recruiters such as Google, Amazon, and Microsoft, with 390+ offers in 2024 and strong internship-to-offer conversion.

Recommendation: Weighing premier brand value, specialized materials labs, and solid core-engineering placements at IIT Bombay, finalize IIT Bombay Materials Engineering for long-term research and industry roles. Opt for DA-IICT ICT only if interdisciplinary ICT training, cutting-edge computing infrastructure, and its higher placement consistency (80–90%) align more closely with immediate software and communication technology goals. All the BEST for the Admission & a Prosperous Future!

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