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Young couple with combined income of 1.6L seeks financial advice: How to budget, save, invest, and buy a house?

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 26, 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 25, 2024Hindi
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Hello sir/ma'am I am a working professional of 28 years age, i will get married in 2025. I and my to be spouse are earning together approx 1.6L per month. Our basic expenditure will be around 50k per month. As of now we both donot have any savings and are planning to have after marriage. Please help us in bifurcating the remaining amount such that we have emergency dund, savings, travel budget and some miscellaneous. Also do let us know which MF will be best for us to for savings as we have moderate risk taking capacity. My spouse has an education laon of 2L and a LIC policy of 1L/year. As of now we dont have any car or house. Thus looking to have house/flat of about 1.5cr and car about 10L. Please help us on this

Ans: Hello;

Firstly you should keep amount worth 6 month of expense coverage as emergency fund in an arbitrage or liquid type mutual fund.(50 K x 6=300K).

Both of you should buy a term insurance with critical illness and accident benefit riders for life cover. Despite corporate health insurance, it is advisable to take a good family healthcare plan from long-term perspective that covers pre-existing, critical illnesses, maternity expenses as well.

If your spouse has a traditional endowment LIC plan then my suggestion would be to surrender it because it gives very poor returns.

The same amount(monthly premium) if you invest in mutual funds (even the less riskier ones)can give you much better returns, but ultimately it's you choice.

You may start a sip of 50 K in a value focussed, balanced advantage fund and a sip of 18 K in an equity savings fund.

The 50K sip will grow into a sum of around 30 L in 4 years which could serve as down payment for your house purchase/loan.

The 18 K sip will grow into a sum of 10 L after 4 years, earmarked for car purchase. (Modest return considered of 10% assumed)

Both should start NPS account for retirement planning and keep contributing in whatever small way possible but regularly, because eventually EPF corpus gets consumed for some other necessity.

Recommended funds for the types mentioned above:
1. Kotak equity arbitrage fund
2. SBI liquid fund
3. ICICI Pru balanced advantage fund
4. HDFC equity savings fund

Wish you both a married life full of multibagger returns of happiness and prosperity!

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

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
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  |9317 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 18, 2024

Asked by Anonymous - Jun 14, 2024Hindi
Money
Me nd my wife are working couple having monthly income of 1.5 lacs combined. Age 30s, Liabilities of around 85 k per month. Investment 12.5k ppf, emergency fund created, please guide financial management for child education target doctor course fees after 20 years Buy own house in 4 to 5 years approx60 to 70 lacs with loan. Current liabilites include 15k car emi (6 lakh loan plannjng to end in 2 years) and 15k rent
Ans: Financial planning is crucial for achieving long-term goals, especially when you aim to fund your child's education and purchase a home. With a combined monthly income of Rs. 1.5 lakhs and liabilities of Rs. 85,000, it’s essential to strategically manage your finances. In this comprehensive guide, I will help you plan for your child's future education expenses, buying your own house, and managing current liabilities.

Assessing Your Current Financial Situation
Income and Expenses
Your combined monthly income is Rs. 1.5 lakhs. Current liabilities are Rs. 85,000, including Rs. 15,000 for car EMI and Rs. 15,000 for rent. This leaves you with Rs. 65,000 for savings and other expenses.

Investments and Savings
You are already investing Rs. 12,500 in PPF and have an emergency fund created. These are excellent financial habits that provide a strong foundation for future planning.

Prioritizing Financial Goals
Child's Education Fund
You aim to fund your child's education, particularly a doctor’s course, in 20 years. Medical education costs can be substantial, so starting early is beneficial.

Purchasing a Home
You plan to buy a house worth Rs. 60-70 lakhs in the next 4-5 years, with the help of a loan. This goal requires a significant amount of savings and careful financial planning.

Budgeting and Expense Management
Creating a Detailed Budget
Develop a comprehensive budget that includes all income sources, fixed expenses (like EMIs and rent), and variable expenses (like groceries and utilities). This helps in tracking your spending and identifying areas where you can cut costs.

Prioritizing Expenses
Prioritize essential expenses and identify discretionary spending that can be reduced. This might include dining out, entertainment, and other non-essential expenditures.

Tracking Expenses
Use expense-tracking tools or apps to monitor your spending. Regular tracking ensures that you stay within your budget and can make adjustments as necessary.

Managing Current Liabilities
Car Loan
You have a Rs. 6 lakh car loan with a monthly EMI of Rs. 15,000, planning to repay it in 2 years. Focus on repaying this loan quickly to free up funds for other financial goals.

Rent
Your monthly rent is Rs. 15,000. As you plan to buy a house in 4-5 years, continue to manage this expense while you save for a down payment.

Savings and Investments
Systematic Investment Plans (SIPs)
Consider starting SIPs in mutual funds. SIPs allow regular, disciplined investments that can grow over time. Choose funds that align with your risk tolerance and financial goals.

Diversified Investment Portfolio
Create a diversified investment portfolio, including mutual funds, fixed deposits, and other safe instruments. Diversification helps in managing risks and optimizing returns.

Benefits of Actively Managed Funds
Actively managed funds have professional fund managers who make investment decisions to outperform the market. These funds can provide higher returns compared to index funds, despite higher fees.

Avoiding Direct Funds
Direct funds require investors to manage their investments, which can be challenging without expertise. Investing through a Certified Financial Planner ensures professional management and better financial planning.

Planning for Child’s Education
Education Fund
Start a dedicated education fund for your child. Regular contributions to this fund will ensure you are financially prepared for their higher education.

Education Savings Plans
Consider education savings plans that offer tax benefits and long-term growth. Consult with a Certified Financial Planner to choose the right plan for your needs.

Systematic Investment Plans (SIPs) for Education
Utilize SIPs to build the education fund over time. SIPs offer the advantage of rupee cost averaging and the power of compounding, making them ideal for long-term goals.

Planning for Home Purchase
Saving for Down Payment
To buy a house worth Rs. 60-70 lakhs, save for the down payment, typically 20% of the property value. This requires disciplined saving over the next 4-5 years.

Home Loan Planning
Research home loan options and choose one with favorable terms. Look for low-interest rates, flexible repayment options, and minimal processing fees.

Loan Eligibility and Repayment
Ensure your credit score is good to qualify for a home loan. Plan your EMI payments so that they are manageable and do not strain your finances.

Long-term Financial Planning
Retirement Planning
Start planning for retirement early. The earlier you start, the more time your investments have to grow, ensuring a comfortable retirement.

Retirement Funds
Invest in retirement-specific funds like the Public Provident Fund (PPF) or Employees’ Provident Fund (EPF). These funds offer long-term growth with tax benefits.

Health and Life Insurance
Ensure adequate health and life insurance coverage. These protections are crucial for safeguarding your family’s financial future in case of unforeseen events.



Your commitment to saving and planning for your family’s future is admirable. Balancing current liabilities while planning for significant future expenses shows great financial discipline.


Managing finances while supporting a family and planning for the future can be challenging. Your proactive approach to financial planning is commendable and will benefit you in the long run.

Practical Steps for Implementation
Regular Financial Reviews
Conduct regular reviews of your financial plan. Adjust your budget and investments based on changes in income, expenses, and financial goals.

Professional Guidance
Engage a Certified Financial Planner to help you create and manage your financial plan. A CFP provides expert advice, ensuring your financial decisions align with your goals.

Family Involvement
Involve your spouse in financial planning. A collaborative approach ensures that both partners are on the same page and can work together towards common goals.

Final Insights
Balancing current liabilities with long-term financial goals requires careful planning and disciplined execution. By creating a detailed budget, prioritizing expenses, and making strategic investments, you can manage your finances effectively. Start early with your child’s education fund and retirement planning to ensure you meet these goals comfortably.

Engaging a Certified Financial Planner ensures you receive professional guidance tailored to your unique situation. Your dedication to your family’s future and financial well-being is commendable. With the right strategies and support, you can achieve your financial goals and secure a prosperous future for your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9317 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 23, 2025

Asked by Anonymous - Jan 22, 2025Hindi
Money
Hi i am 28, my would be husband is 29. I earn around 1.5lakhs post tax and he around 1.78 lakhs post tax. And we both receive lumpsum variable yearly bonus (min 2 lakhs combined)We both pay individual rent of 24000 (mumbai). I have an sip of 30000( steping up to 45000 from feb). I have 10 lakhs in fd, 5 lakhsin liquid around 4.8 lakhs in mf, some nominal amount in pf and around 1.5 lakhs in shares. We both want to get married (partly funded by parents) and buy a house and car .we dont have to support our parents financially by gods grace. We have fixed monthly expense of around 20k combined (including eating out /entertaiment). No emi or loans. Sir, could you kindly guide us to help plan for an achieveable budget for home and car. Thank you
Ans: You and your fiancé are in a great position financially. Both have stable incomes and no liabilities. This gives you the flexibility to plan for your future goals effectively. Let’s break down your financial situation and develop a plan for the wedding, home, and car.

Current Income and Expenses
Your combined monthly income is Rs. 3.28 lakhs.

Fixed expenses, including rent, amount to Rs. 72,000 (24,000 each in rent + Rs. 20,000 combined expenses).

This leaves a surplus of Rs. 2.56 lakhs monthly, excluding annual bonuses.

Assets and Investments
Your assets include Rs. 10 lakhs in FDs, Rs. 5 lakhs in liquid funds, Rs. 4.8 lakhs in mutual funds, and Rs. 1.5 lakhs in shares.

Combined, these total Rs. 21.3 lakhs in liquid and semi-liquid investments.

Your SIP of Rs. 30,000 per month (stepping up to Rs. 45,000) is a disciplined approach.

Nominal PF balances will grow over time with compounding.

Financial Goals
Your key goals are:

Planning a wedding.

Buying a house in Mumbai.

Purchasing a car.

We’ll address these goals systematically.

Wedding Budget
If parents are partly funding the wedding, your share can be Rs. 10-12 lakhs.

Use Rs. 5 lakhs from your liquid funds and Rs. 5 lakhs from FDs.

Avoid breaking mutual funds as they are growth-oriented investments.

Ensure to save some emergency funds (at least 6 months’ expenses) after the wedding.

Buying a House
Assessing Your Budget
Mumbai real estate is expensive. For a modest 2 BHK, expect Rs. 1.5-2 crores.

You’ll need a 20% down payment of Rs. 30-40 lakhs.

Your combined bonuses and savings can contribute to this goal over the next 3-4 years.

Avoid using your entire savings for the down payment.

Home Loan Planning
With a combined income of Rs. 3.28 lakhs, you can afford a home loan EMI of Rs. 80,000-1 lakh.

For a 20-year loan, this can support a loan amount of Rs. 1.2-1.4 crores.

Opt for a joint loan to maximise the loan amount and tax benefits.

Building the Down Payment
Increase your SIPs from Rs. 45,000 to Rs. 60,000 after marriage.

Allocate Rs. 25,000-30,000 of your monthly surplus to a conservative hybrid fund or liquid funds.

This can accumulate Rs. 12-15 lakhs in 3-4 years.

Combine this with bonuses and existing FDs to reach the Rs. 30-40 lakhs needed.

Buying a Car
Budget and Timeline
Aim for a mid-range car costing Rs. 10-12 lakhs.

Avoid purchasing immediately after the wedding to manage cash flow.

Save Rs. 3-4 lakhs over 12-18 months for the down payment.

Finance the rest with an affordable EMI of Rs. 10,000-15,000.

Emergency Fund
Post-wedding, maintain at least Rs. 6-8 lakhs in liquid funds for emergencies.

This will cover 6-8 months of expenses and unforeseen costs.

Tax Efficiency
Your SIP investments in equity mutual funds will grow tax-efficiently.

Long-term gains above Rs. 1.25 lakhs are taxed at 12.5%.

Short-term gains are taxed at 20%. Plan withdrawals accordingly to minimise taxes.

Use joint home loan benefits to reduce taxable income.

Investment Strategy
SIP Growth
Stepping up SIPs to Rs. 45,000 and eventually Rs. 60,000 will accelerate wealth creation.

Allocate SIPs to a mix of large-cap, flexicap, and mid-cap funds.

Avoid thematic or sectoral funds for long-term goals.

Avoid Index Funds
Index funds lack flexibility to outperform during volatile markets.

Actively managed funds offer better growth through expert stock selection.

Rebalancing Portfolio
After the wedding, rebalance your portfolio.

Retain 70-80% in equity and 20-30% in debt for long-term growth and stability.

Include a conservative hybrid fund to diversify investments.

Insurance Coverage
Post-marriage, ensure you and your fiancé have adequate life and health insurance.

Opt for term insurance covering 10-12 times your annual income.

Enhance health insurance to Rs. 10-15 lakhs for comprehensive coverage.

Final Insights
You are well-positioned to achieve your goals. With proper planning, you can balance your wedding, home, and car expenses. Stay disciplined in savings and avoid impulsive spending. Regularly review your financial plan with a Certified Financial Planner.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

Ramalingam

Ramalingam Kalirajan  |9317 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 02, 2025

Asked by Anonymous - May 26, 2025Hindi
Money
Sir, good morning... my age is 44yrs and my wife age is 43yrs. We both work, our consolidated net per month income is 3.40lacs (includes rental income of 15k). Have a PL of 6lacs outstanding for 24 months with emi 26k. And home loan of 28lacs outstanding for 4yrs with emi 50k and a car loan 10lacs for 2 yrs with emi 40k. And have a savings like PF-35 lacs, NPS-3.5lacs, MF's-3lac, gold worht - 15lacs, term insurance for 1.5cr, insurance policy maturity in 7yrs with amount 25lacs. And fixed assets worth 2crs. And Sukanya Samrudhi Scheme of 8.5lacs. I have two children (girl -7th grade, 12 yrs and boy-4 yrs) I need to plan for retirwment fund of 2 crs in next 10yrs. Secure my both child education. Secure my girl child marriage which is estimated for 50lacs. And planning to built a house which is planned yo worth (3cr) in next 5 years, which includes a rental income of 60k additional to current 15k(mentioned above)
Ans: Your dedication and focus towards your family’s secure future is truly commendable. Let’s create a clear and actionable plan to help you meet your goals smoothly.

Current Financial Position
Age: You are 44 years old; your wife is 43 years.

Monthly Net Income: Rs. 3.40 lakhs (includes Rs. 15,000 in rental income).

Loans:

Personal Loan: Rs. 6 lakhs; EMI Rs. 26,000; 24 months left.

Home Loan: Rs. 28 lakhs; EMI Rs. 50,000; 4 years left.

Car Loan: Rs. 10 lakhs; EMI Rs. 40,000; 2 years left.

Assets & Investments:

Provident Fund: Rs. 35 lakhs.

NPS: Rs. 3.5 lakhs.

Mutual Funds: Rs. 3 lakhs.

Gold: Rs. 15 lakhs.

Term Insurance: Rs. 1.5 crores.

Insurance policy maturity in 7 years: Rs. 25 lakhs.

Fixed Assets: Rs. 2 crores.

Sukanya Samriddhi Scheme: Rs. 8.5 lakhs.

Family:

Daughter: 12 years old, in 7th grade.

Son: 4 years old.

Your Key Financial Goals
Retirement corpus of Rs. 2 crores in the next 10 years.

Secure both children’s education.

Daughter’s marriage: Rs. 50 lakhs.

Build a house worth Rs. 3 crores in 5 years for an additional rental income of Rs. 60,000.

Loan Management
Prioritize closing your personal and car loans first. These have higher interest rates than your home loan.

Your car loan has 2 years left and personal loan 2 years as well. If you get any surplus income, direct it towards these.

After these are cleared, you can focus on prepaying your home loan faster if needed.

Reducing your EMI burden will improve your monthly cash flow significantly.

Retirement Planning
You aim to build a retirement corpus of Rs. 2 crores in 10 years. This is a solid and achievable target if you stay disciplined.

You already have Rs. 35 lakhs in PF and Rs. 3.5 lakhs in NPS. These are good foundations.

Continue your regular contributions to PF and NPS.

Start systematic investments in mutual funds to supplement these. Invest every month without fail.

Equity mutual funds have the potential to give better returns over the long term than traditional fixed deposits.

Avoid index funds. They only track the index, and may not adapt to market changes. Actively managed mutual funds, with expert fund managers, can outperform and adjust to market conditions.

Choose funds managed by reputed fund managers with a consistent record.

Avoid direct mutual funds. Regular mutual funds offer expert advice, help you stay disciplined, and provide guidance. A Certified Financial Planner can help you select and monitor these funds for the best results.

Mutual funds can be selected based on your risk profile and financial goals.

Children’s Education & Marriage Planning
Education costs can be substantial. Start investing separately for both children’s education.

Use child-focused mutual funds or balanced funds to plan for this. They balance risk and returns well.

For your daughter’s marriage, you have around 10-15 years. You already have Rs. 8.5 lakhs in Sukanya Samriddhi Scheme. Keep investing in it regularly for safety and decent returns.

For the additional Rs. 50 lakhs needed for her marriage, you can create a separate mutual fund portfolio in your wife’s name. This will keep it separate from your retirement funds.

Monitor and review these funds every year to ensure you stay on track.

House Construction Plan
You plan to build a house worth Rs. 3 crores in 5 years.

Since this will also bring in Rs. 60,000 monthly rent, it can be a useful asset. But building a house of this size can impact your other financial goals.

Ensure you do not compromise your retirement or children’s education plans for this. It is important to balance these big goals.

Consider saving a good portion of your monthly surplus for the house construction.

Avoid taking large loans again for the house as you already have a home loan.

If required, stagger the house construction or phase it based on the funds available.

Insurance & Protection
You already have a term insurance cover of Rs. 1.5 crores. This is good. Make sure it is sufficient for your family’s needs if something happens to you.

Your wife should also have a term insurance plan. This will ensure both of you are covered.

Avoid investment-linked insurance plans like ULIPs or endowment plans. They mix insurance and investment but give poor returns.

Surrender any existing ULIP or endowment policies you have. Reinvest the surrender value in mutual funds. This will grow better and give you liquidity.

Managing the Insurance Policy Maturing in 7 Years
You have an insurance policy maturing in 7 years with Rs. 25 lakhs.

Once it matures, reinvest the proceeds in mutual funds for long-term growth.

Avoid buying new insurance-cum-investment products. Keep insurance and investment separate for better results.

Regular Monitoring & Review
Your financial situation and goals may change with time.

Review your investments every year. Check if your goals are on track.

Adjust your investment amount or fund choices as required.

A Certified Financial Planner can help you review and rebalance your portfolio when needed.

Tax Planning
Be aware of taxes when you sell your mutual fund investments.

For equity mutual funds, long-term capital gains above Rs. 1.25 lakhs are taxed at 12.5%. Short-term capital gains are taxed at 20%.

For debt mutual funds, both long-term and short-term gains are taxed as per your income tax slab.

Plan your redemptions smartly to minimise tax.

Use tax-saving investment options like ELSS funds or PPF to reduce tax liability.

Building a Financial Buffer
Keep an emergency fund of at least 6 months of expenses.

This will help you manage sudden expenses or income changes.

Your rental income of Rs. 15,000 is a good start. When you build the new house and get the extra Rs. 60,000 rent, direct some of it to your emergency fund.

Securing Your Family’s Future
For your wife, ensure her insurance coverage and investments are also properly managed.

Teach your children the basics of money management as they grow. This will help them in the future.

Finally
You are on the right track with your savings and planning. Clearing your high-interest loans first will free up more of your monthly income.

Focus on disciplined investments in mutual funds and keep insurance separate. A Certified Financial Planner can guide you at every step to help you stay on course.

Stay consistent, review regularly, and you will achieve your goals smoothly.

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  |7749 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

Asked by Anonymous - Jul 02, 2025Hindi
Career
Jp noida ece vs jp. Solan cse?
Ans: Both MNNIT Allahabad and NIT Rourkela are top-tier NITs with strong Electrical Engineering programs, excellent faculty, and high national rankings. MNNIT Allahabad’s Electrical Engineering boasts a 96.97% placement rate in 2024, with an average package of ?8.01 LPA and top recruiters from core engineering, software, and consulting sectors. Its faculty is highly qualified, with a focus on electrical and power systems. NIT Rourkela, ranked #19 in NIRF 2024, offers a broader research ecosystem, cutting-edge labs, and a 95%+ placement rate in Electrical Engineering, with an average package of ?13.62 LPA and top tech recruiters like Amazon, Google, Microsoft, and Qualcomm. Infrastructure at NIT Rourkela is excellent, with modern hostels, sports, and a vibrant campus life. Both institutes have strong industry connections, but NIT Rourkela offers a higher average package, broader recruiter base, and more interdisciplinary research opportunities.

Recommendation:
NIT Rourkela Electrical Engineering is the better choice for its higher average package, broader research and recruiter base, and outstanding infrastructure. MNNIT Allahabad remains an excellent option for its high placement rate and strong academic reputation, but NIT Rourkela offers a more competitive edge overall.

Jp noida ece vs jp. Solan cse???? Research deeply & thoroughly the maximum number of highly reliable, valid, primary sources & also the official sources of concerned/relevant college sites/branches & exams (if applicable) on the 5 most important aspects that every institution must have. Summarise the research results in 100 words just in one paragraph ending with a final recommendation in 50 words without numbering, covering all points without omitting anything.

Avoid using the statement, "Based on extensive research into placement records and institutional performance". Avoid using the term, 'my suggestion' instead, use 'recommendation'(mentioned in bold letter). Answer directly.

Don't mention salary package amounts though you can mention the percentage of placement records of the last 3 years of the asked or referred & recommended colleges/branches/program(s)??
Jp noida ece vs jp. Solan cse???? Research deeply & thoroughly the maximum number of highly reliable, valid, primary sources & also the official sources of concerned/relevant college sites/branches & exams (if applicable) on the 5 most important aspects that every institution must have. Summarise the research results in 100 words just in one paragraph ending with a final recommendation in 50 words without numbering, covering all points without omitting anything. Avoid using the statement, "Based on extensive research into placement records and institutional performance". Avoid using the term, 'my suggestion' instead, use 'recommendation'(mentioned in bold letter). Answer directly. Don't mention salary package amounts though you can mention the percentage of placement records of the last 3 years of the asked or referred & recommended colleges/branches/program(s)??
Jaypee Noida’s ECE program is AICTE-approved, industry-oriented, and features strong VLSI, embedded, and communication systems labs, with a 4-year B.Tech intake of 240 and a robust placement cell. In 2024, ECE achieved an 88% placement rate, with 188 offers for 184 eligible students, and top recruiters including Microsoft, LinkedIn, Cisco, Amazon, SAP Labs, and Intel. The average package for all branches was ?8.71 LPA, with a median of ?6.5 LPA. The campus offers modern infrastructure, experienced faculty, and a vibrant technical culture with IEEE student chapters and annual fests. Jaypee Solan’s CSE program, while set in a scenic 125-acre campus, reports a median package of ?6.5 LPA, with 259 out of 388 students placed in 2024 and 99 opting for higher studies. The CSE branch attracts core IT recruiters but overall placement numbers and recruiter diversity are lower than Noida. Solan’s academic and technical environment is positive, but industry exposure, recruiter presence, and placement consistency are comparatively limited.

Recommendation:
Jaypee Noida ECE is preferable for its higher placement rate, stronger recruiter base, advanced labs, and proximity to Delhi NCR’s tech ecosystem. Jaypee Solan CSE is a good backup, but Jaypee Noida offers better long-term industry exposure and placement consistency. Choose Noida ECE for broader career prospects. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7749 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

Career
Sir, we are from ghaziabad . My son's jee mains rank is 10562. He got electrical engineering in mnnit allahabad . May get ee in nit Rourkela. Which is better?
Ans: Indu Madam, Both MNNIT Allahabad and NIT Rourkela are top-tier NITs with strong Electrical Engineering programs, excellent faculty, and high national rankings. MNNIT Allahabad’s Electrical Engineering boasts a 96.97% placement rate in 2024, with an average package of ?8.01 LPA and top recruiters from core engineering, software, and consulting sectors. Its faculty is highly qualified, with a focus on electrical and power systems. NIT Rourkela, ranked #19 in NIRF 2024, offers a broader research ecosystem, cutting-edge labs, and a 95%+ placement rate in Electrical Engineering, with an average package of ?13.62 LPA and top tech recruiters like Amazon, Google, Microsoft, and Qualcomm. Infrastructure at NIT Rourkela is excellent, with modern hostels, sports, and a vibrant campus life. Both institutes have strong industry connections, but NIT Rourkela offers a higher average package, broader recruiter base, and more interdisciplinary research opportunities.

Recommendation:
NIT Rourkela Electrical Engineering is the better choice for its higher average package, broader research and recruiter base, and outstanding infrastructure. MNNIT Allahabad remains an excellent option for its high placement rate and strong academic reputation, but NIT Rourkela offers a more competitive edge overall. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7749 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

Nayagam P

Nayagam P P  |7749 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

Asked by Anonymous - Jul 02, 2025Hindi
Career
Which is better to chose nit Durgapur maths and computing and cbit hyd cse
Ans: NIT Durgapur’s B.Tech in Mathematics and Computing is a newly launched, industry-aligned program blending advanced mathematics, optimization, coding, and computational sciences, taught by PhD faculty specializing in fields like cryptography, AI, and operations research. The institute boasts an 84–85% placement rate, with top recruiters such as Microsoft, Amazon, Oracle, TCS, and PwC, and an average B.Tech package of ?13.6 LPA. The course is designed for careers in data science, analytics, finance, software development, and research, with a strong coding and problem-solving focus. CBIT Hyderabad’s CSE department, affiliated with Osmania University, is recognized for research in AI, ML, cybersecurity, and blockchain, and organizes regular workshops with Microsoft, IBM, and professional bodies. Placements in CSE at CBIT consistently exceed 80–100% with leading recruiters like Microsoft, Accenture, Infosys, and Oracle, and an average package of ?6–7 LPA. The campus offers modern labs, a vibrant student life, and a strong alumni network, though hostel options for girls are limited. Both programs have highly qualified faculty, active research culture, and strong placement records.

Recommendation:
If you prefer a core computer science curriculum with robust placements and industry exposure, choose CSE at CBIT Hyderabad. For a mathematically rigorous, coding-intensive program with broad analytics and software roles, NIT Durgapur Maths and Computing is excellent. For pure software engineering and tech industry focus, CBIT CSE is preferred. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7749 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

Career
Sir My daughter got Electrical in IIT indore and EE in IIT BHU which one is better
Ans: Namitha Madam, IIT Indore’s Electrical Engineering program offers a modern, interdisciplinary curriculum with expertise in power systems, renewable energy, smart grids, nanotechnology, and signal processing, supported by 15 PhD faculty and active collaborations with industry leaders like L&T for research in renewable energy and software control. The department achieved a 96.88% placement rate in 2023, with an average package of ?25.7 LPA and top recruiters including Amazon, Microsoft, Oracle, and Goldman Sachs. IIT BHU’s Electrical Engineering department is renowned for research in electric vehicle technology, indigenous charging infrastructure, and government-supported innovation, with strong industry and research collaborations. Both institutes offer robust labs, high placement rates, and a national reputation, but IIT Indore stands out for its recent industry-academic partnerships and high placement consistency in the electrical branch.

Recommendation:
Choose IIT Indore Electrical Engineering for its advanced interdisciplinary curriculum, excellent recent placement record, and strong industry collaborations. IIT BHU is also a top choice for its legacy and research, but IIT Indore offers a slight edge in placement consistency and industry integration for electrical engineering graduates. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7749 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

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