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Can a 27-year-old single making Rs.1 lakh/month achieve a Rs.7 crore corpus in 15 years?

Ramalingam

Ramalingam Kalirajan  |6568 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 04, 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 - Aug 03, 2024Hindi
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Hi sir , Iam having salary of 1Lakh Per month. Iam planning for a corpus of 7 Crores in 10-15yrs. Iam currently 27 yrs old single. I have secured by health insurance and term life insurance and other savings of ppf and nps too.

Ans: Current Financial Overview
Monthly Salary: Rs 1 lakh
Age: 27 years
Current Savings: PPF, NPS, health insurance, and term life insurance
Financial Goal: Corpus of Rs 7 crores in 10-15 years
Financial Strategy to Achieve Rs 7 Crores
1. Maximize Savings and Investments
Monthly Savings Rate: Aim to save and invest at least 40-50% of your salary.
Discipline: Consistently invest Rs 40,000 to Rs 50,000 monthly.
2. Diversify Investments
Equity Mutual Funds
Aggressive Growth: Invest in high-performing equity mutual funds.
Systematic Investment Plan (SIP): Automate investments in equity funds to benefit from rupee cost averaging.
Allocation: Allocate 70% of your monthly savings to equity mutual funds.
Debt Mutual Funds
Stability: Invest in debt funds for stable returns and lower risk.
Balance: Allocate 20% of your monthly savings to debt mutual funds.
Public Provident Fund (PPF)
Tax Benefits: Continue investing in PPF for tax-free returns.
Long-Term Security: Ideal for long-term financial goals.
Allocation: Allocate 5% of your savings to PPF.
National Pension System (NPS)
Retirement Savings: Continue contributions to NPS for retirement planning.
Tax Benefits: Additional tax benefits under Section 80CCD(1B).
Allocation: Allocate 5% of your savings to NPS.
3. Actively Managed Funds Over Index Funds
Professional Management: Actively managed funds have expert fund managers aiming for higher returns.
Dynamic Allocation: Adjust to market conditions for optimal performance.
Diversification: Spread risk across various sectors and assets.
4. Regular Review and Rebalance
Quarterly Review: Regularly review your investment portfolio.
Rebalancing: Adjust allocations based on market performance and financial goals.
Projected Growth and Returns
Equity Mutual Funds
Expected Annual Return: 12-15%
Potential Growth: Significant appreciation over 10-15 years.
Debt Mutual Funds
Expected Annual Return: 6-8%
Stable Returns: Lower risk and steady growth.
PPF and NPS
Expected Annual Return: 7-8%
Security: Government-backed and secure investments.
Risk Management
Health Insurance
Coverage: Ensure adequate health insurance coverage to protect against medical emergencies.
Regular Review: Update coverage as needed based on life changes.
Term Life Insurance
Coverage: Maintain sufficient term life insurance to protect dependents.
Review: Adjust coverage as financial responsibilities grow.
Final Insights
Aggressive Savings: Save and invest a significant portion of your income.
Diversified Portfolio: Balance between high-growth equity funds and stable debt funds.
Regular Monitoring: Continuously review and adjust your portfolio.
Seek Professional Guidance: A Certified Financial Planner can provide personalized advice and adjustments.
With a disciplined approach and diversified investments, you can achieve your goal of Rs 7 crores in 10-15 years.

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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Ramalingam

Ramalingam Kalirajan  |6568 Answers  |Ask -

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

Money
Thanks. What you probably didn't notice is I have 10 years in hand and monthly savings of 1.1 lakh. Which will take my corpus to 8 crores
Ans: Analyzing Your Current Financial Situation
You're 47 years old and aim to retire in 10 years. You've built a solid foundation with diversified investments. Your current assets include:

Provident Fund (PF) and Retirals: Rs 1.5 Crores (contributing Rs 72,000 per month)

Systematic Investment Plan (SIP): Rs 45 lakhs (contributing Rs 25,000 per month)

Sukanya Samriddhi Yojana: Rs 14 lakhs (contributing Rs 12,500 per month)

National Pension System (NPS): Rs 10 lakhs (contributing Rs 5,400 per month)

Your goals are:

Monthly Income in Retirement: Rs 80,000 for 25 years

Daughter’s Education and Marriage: Rs 80 lakhs in 20 years

Travel Budget: Rs 1 crore in 20 years

Health and Emergency Fund: Rs 1 crore as soon as possible

Let's evaluate and strategize to ensure your current investments align with these goals.

Retirement Goals and Monthly Income
Your target is Rs 80,000 per month for 25 years post-retirement. This will require a significant corpus, factoring in inflation and longevity.

Estimating Retirement Corpus
To achieve this, you need a corpus that can generate a monthly income of Rs 80,000 adjusted for inflation. This includes:

Current Inflation Rate: Assume an average of 6% annually.

Expected Return Rate Post-Retirement: Assume a conservative 7-8% return.

Given your savings capacity of Rs 1.1 lakh per month, your corpus can grow substantially over the next 10 years. However, careful planning and adjustments are necessary.

Evaluating Current Investments
Provident Fund and Retirals
Your Provident Fund (PF) contributions are substantial. Continue this as it provides stable, tax-free returns.

Systematic Investment Plans (SIPs)
Your SIP contributions are pivotal for long-term growth. Review the funds to ensure they are well-diversified and aligned with your risk tolerance.

Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is an excellent choice for your daughter's future needs. The returns are attractive and the investment is tax-free. Continue contributing to this scheme.

National Pension System (NPS)
NPS is beneficial for retirement planning, offering tax benefits and decent returns. Ensure that your NPS contributions are optimally invested in a mix of equity and debt funds.

Enhancing Your Investment Strategy
To achieve your goals, consider the following strategies:

Increasing SIP Contributions
As your monthly savings capacity is Rs 1.1 lakh, there's room to increase your SIP contributions. This will enhance your equity exposure, providing better growth potential.

Diversifying Investments
Diversification is key to managing risk. While you have a good mix, consider adding more actively managed equity funds to your portfolio. These funds have the potential to outperform the market, especially over a 10-year horizon.

Planning for Daughter’s Education and Marriage
Your target for your daughter’s education and marriage is Rs 80 lakhs in 20 years.

Sukanya Samriddhi Continuation
Continue with the Sukanya Samriddhi Yojana contributions. The long-term horizon and compounding will help in accumulating the required amount.

Additional Investments
Consider starting a dedicated investment in a mix of equity and balanced advantage funds. This will provide the necessary growth while managing risks.

Building the Travel Budget
You aim to have Rs 1 crore for travel over the next 20 years.

Dedicated Travel Fund
Start a dedicated SIP for your travel goals. Opt for balanced advantage funds which dynamically allocate between equity and debt, ensuring growth with stability.

Health and Emergency Fund
You need to build an emergency fund of Rs 1 crore as soon as possible.

High Liquidity Investments
For an emergency fund, consider liquid funds or ultra-short-term debt funds. These offer good returns with high liquidity.

Incremental Savings
Allocate a part of your monthly savings towards building this fund. Aim to reach at least 6-12 months of expenses in this fund initially, and gradually increase it.

Optimizing Tax Efficiency
Effective tax planning will enhance your post-retirement income.

Utilize Section 80C
Maximize contributions to tax-saving instruments like ELSS (Equity Linked Savings Scheme), PPF (Public Provident Fund), and NSC (National Savings Certificate).

Health Insurance
Ensure you have adequate health insurance coverage. Premiums paid for health insurance are eligible for tax deductions under Section 80D.

Reviewing and Rebalancing Portfolio
Regular reviews and rebalancing of your portfolio are crucial.

Annual Review
Conduct an annual review of your investments to ensure they align with your goals and risk tolerance.

Rebalancing Strategy
Rebalance your portfolio to maintain the desired asset allocation. This involves shifting funds from over-performing to under-performing assets to manage risk and optimize returns.

Professional Guidance
Consider engaging a Certified Financial Planner (CFP) to provide personalized insights and strategies tailored to your specific needs.

Personalized Financial Plan
A CFP can help create a comprehensive financial plan, monitor progress, and adjust strategies as needed. This professional guidance can be invaluable given the complexities of managing a retirement portfolio.

Genuine Compliments and Encouragement
Your proactive approach to financial planning and your commitment to securing a stable future is commendable. Your diversified investments reflect a thoughtful strategy aimed at achieving your long-term goals.

Final Insights
Retiring in 10 years with a secure financial future is achievable with strategic planning and disciplined execution.

Current Assets and Contributions:

Provident Fund (PF) and Retirals: Rs 1.5 Crores (Rs 72,000/month)
Systematic Investment Plan (SIP): Rs 45 lakhs (Rs 25,000/month)
Sukanya Samriddhi Yojana: Rs 14 lakhs (Rs 12,500/month)
National Pension System (NPS): Rs 10 lakhs (Rs 5,400/month)
Goals:

Monthly Income in Retirement: Rs 80,000 for 25 years
Daughter’s Education and Marriage: Rs 80 lakhs (in 20 years)
Travel Budget: Rs 1 crore (in 20 years)
Health and Emergency Fund: Rs 1 crore as soon as possible
Strategies:

Increase SIP Contributions: Enhance equity exposure for better growth.
Diversify Investments: Add actively managed equity funds.
Build Emergency Fund: High liquidity investments like liquid funds.
Dedicated Travel Fund: Balanced advantage funds.
Tax Planning: Maximize tax-saving instruments and health insurance.
Regular Portfolio Review: Annual review and rebalancing.
Your disciplined approach and strategic planning position you well to achieve your retirement and financial goals. By staying committed and adaptable, you can secure a comfortable and fulfilling retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |6568 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 01, 2024

Money
Hi Myself Ramesh, I earn around 1.6 Lac monthly aged 43. Don't have own house and have 2 children 15 and 7. I have 20k SIP in MF, 25 K in 3 various ULIP Plan. Pls suggest how do I create corpus of 5 Crore by age of 60. Consider income increase around 6% for 10 years.
Ans: Hi Ramesh, your goal to create a corpus of Rs. 5 crores by the age of 60 is ambitious yet achievable with proper planning. At 43 years old, earning Rs. 1.6 lakhs per month, you already have a good foundation. Your monthly investments include Rs. 20,000 in SIPs and Rs. 25,000 in ULIP plans. You also expect your income to increase by around 6% annually for the next 10 years, which is a positive factor.

Setting Financial Goals
Short-Term Goals
Emergency Fund: Ensure you have an emergency fund that covers at least 6-12 months of expenses. This should be kept in a highly liquid form like a savings account or short-term fixed deposit.

Insurance Coverage: Adequate life and health insurance are crucial to protect your family from unforeseen events. Ensure you have a term insurance plan and a comprehensive health insurance policy.

Long-Term Goals
Children’s Education: Planning for your children's education expenses is critical. Your elder child will need funds for higher education soon, and the younger one in the next 10 years.

Retirement Corpus: The primary goal is to build a retirement corpus of Rs. 5 crores by the age of 60.

Evaluating Current Investments
Systematic Investment Plan (SIP)
You are investing Rs. 20,000 per month in mutual funds through SIPs. This is a good strategy for long-term wealth creation. SIPs benefit from rupee cost averaging and the power of compounding.

Unit Linked Insurance Plans (ULIPs)
You have Rs. 25,000 per month in various ULIPs. While ULIPs offer both insurance and investment, they often come with higher charges and lower returns compared to mutual funds. It might be beneficial to surrender these ULIPs and redirect the funds to more efficient investment vehicles like mutual funds.

Creating an Optimized Investment Plan
Redirecting ULIP Investments
Consider surrendering your ULIPs and investing the proceeds in mutual funds. Mutual funds typically offer better returns and flexibility compared to ULIPs. Consulting with a Certified Financial Planner (CFP) can help you transition smoothly.

Increasing SIP Contributions
With an expected income increase of 6% annually, you can gradually increase your SIP contributions. Start by increasing your SIP amount each year to align with your income growth. This disciplined approach will help in achieving your long-term goals.

Diversification of Investments
Equity Mutual Funds
Equity mutual funds should form the core of your investment portfolio. They offer high growth potential over the long term. Given your time horizon of 17 years, a significant portion of your investments can be in equity funds.

Debt Mutual Funds
Including debt mutual funds in your portfolio can provide stability and reduce overall risk. Debt funds invest in fixed-income securities and are less volatile compared to equity funds.

Gold Investments
A small allocation to gold can act as a hedge against inflation and market volatility. You can consider gold ETFs or sovereign gold bonds for this purpose.

International Mutual Funds
Diversifying your investments internationally can provide exposure to global markets and reduce country-specific risks. International mutual funds can be a good addition to your portfolio.

Systematic Investment Plan (SIP) Strategy
Implementing a SIP strategy for different types of mutual funds can help in building a diversified portfolio. Allocate a higher percentage to equity funds and the rest to debt and gold funds. Regularly review and adjust your SIP contributions to align with your financial goals.

Planning for Children’s Education
Estimating Education Costs
Estimate the future costs of your children’s education, considering inflation. Education expenses can be significant, and planning early will ensure you have sufficient funds when needed.

Education Savings Plan
Create a dedicated education savings plan. You can use a combination of equity and debt mutual funds to build this corpus. Start a separate SIP specifically for your children's education.

Building a Retirement Corpus
Power of Compounding
Starting early and investing regularly allows you to benefit from the power of compounding. Your investments will grow exponentially over time, helping you achieve your retirement goal.

Regular Review and Rebalancing
Periodically review your investment portfolio to ensure it aligns with your financial goals and risk tolerance. Rebalancing involves adjusting your asset allocation to maintain the desired balance, optimizing returns, and managing risk.

Active Management
Actively managed funds, overseen by a CFP, can potentially deliver higher returns compared to passive index funds. They offer flexibility to respond to market changes and capitalize on opportunities.

Tax Efficiency in Investments
Tax Planning
Effective tax planning can enhance your investment returns. Utilize tax-saving instruments such as Equity Linked Savings Scheme (ELSS) to reduce your taxable income while investing for long-term goals.

Capital Gains Management
Understanding the tax implications of capital gains is essential. Long-term capital gains from equity investments are taxed differently from short-term gains. Plan your investments and withdrawals to minimize tax liability.

Role of a Certified Financial Planner
Professional Guidance
A CFP can provide personalized advice, helping you create a comprehensive financial plan. They offer expertise in investment management, tax planning, and retirement strategies, ensuring your financial goals are met.

Regular Monitoring
A CFP regularly monitors your investments, making adjustments based on market conditions and life changes. This proactive approach helps in optimizing returns and managing risks effectively.

Building a Disciplined Investment Approach
Setting Clear Goals
Define clear financial goals with timelines. This provides direction and helps in selecting appropriate investment vehicles to achieve these goals.

Consistent Savings and Investing
Consistently save and invest a significant portion of your income. This discipline is crucial for building wealth over time. Automate your investments to ensure regular contributions.

Financial Education
Continuously educate yourself about personal finance and investments. Staying informed empowers you to make better financial decisions and adapt to changing market conditions.

Final Insights
Ramesh, your goal to accumulate Rs. 5 crores by the age of 60 is ambitious but achievable with a disciplined and strategic approach. Start by setting a strong foundation with an emergency fund and adequate insurance coverage.

Consider surrendering your ULIPs and redirecting the funds to mutual funds. Increase your SIP contributions gradually to align with your income growth. Diversify your investments across equity, debt, gold, and international markets.

Implement a SIP strategy for different types of mutual funds and regularly review and rebalance your portfolio. Effective tax planning and capital gains management can further enhance your returns. Seek guidance from a Certified Financial Planner to create and monitor a comprehensive financial plan.

Your commitment to your financial goals and willingness to adapt your strategy will help you achieve a comfortable and secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |6568 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 15, 2024

Asked by Anonymous - Jul 02, 2024Hindi
Money
Hello sir, I am 28 years old living alone and earning 33 thousand per month and my total expenses are 15000 thousand a month that includes my personal expenses, house maintenance, bills, S.I.P etc. I am roughly able to save 18000 thousand a month. I live in my parents gifted house, have no on going loans, 80,000 is invested in equity market and 1,30,000 is invested in together total 4 equity and 1 hybrid mutual funds with a SIP of 1500 in ICICI value discovery fund. I have a health insurance of 2 Lakh rupees, 3 Lakhs in fixed deposit, 50,000 in postal scheme and 1,50,000 in savings. I wish to building a maximum corpus in next 20 years. Kindly advise on the same Thank you
Ans: First of all, congratulations on being financially disciplined at the age of 28. Your ability to save a significant portion of your income is commendable. Let’s delve into your financial situation and explore ways to maximise your corpus over the next 20 years.

Current Financial Overview
You are earning Rs 33,000 per month and spending Rs 15,000, allowing you to save Rs 18,000 monthly. You have a diversified portfolio including equity investments, mutual funds, fixed deposits, postal schemes, and savings. Additionally, you have health insurance and live in a debt-free house. These are excellent foundations for building wealth.

Emergency Fund and Insurance Coverage
An emergency fund is crucial. You have Rs 1.5 lakhs in savings and Rs 3 lakhs in fixed deposits, which is a good start. Aim to maintain an emergency fund that covers at least six months of your expenses. This ensures you have a safety net in case of unexpected events.

Health insurance is another critical aspect. You currently have a coverage of Rs 2 lakhs. Considering rising medical costs, it is advisable to enhance your health insurance to at least Rs 5 lakhs. This additional coverage can provide better protection against unforeseen medical expenses.

Investment Portfolio Analysis
Equity Market Investments:

You have Rs 80,000 invested in the equity market. Equity investments can provide significant returns over the long term but come with higher risk. Regularly monitor your investments and ensure they align with your risk tolerance and financial goals.

Mutual Funds:

You have Rs 1,30,000 invested in a mix of four equity mutual funds and one hybrid mutual fund, with a SIP of Rs 1,500 in the ICICI Value Discovery Fund. Diversifying across different types of funds can reduce risk. However, actively managed funds often outperform passive index funds due to professional management and market expertise.

Consider consulting with a Certified Financial Planner to review the performance of your mutual funds and make adjustments if necessary. Regularly rebalancing your portfolio ensures it remains aligned with your financial goals and market conditions.

Fixed Deposits and Postal Schemes:

You have Rs 3 lakhs in fixed deposits and Rs 50,000 in a postal scheme. While these provide safety and assured returns, their growth potential is limited. Given your long-term horizon, you might want to shift a portion of these funds into higher-growth investment options such as equity mutual funds.

Maximising Savings and Investments
Systematic Investment Plan (SIP):

Your current SIP of Rs 1,500 in the ICICI Value Discovery Fund is a good start. SIPs help in averaging the cost of investments and mitigate market volatility. Increasing your SIP amount can significantly enhance your corpus over time. Given your ability to save Rs 18,000 monthly, consider allocating a larger portion to SIPs in various mutual funds.

Benefits of Regular Funds Over Direct Funds:

Direct funds might seem appealing due to lower expense ratios, but they require constant monitoring and expertise. Regular funds, managed by a Certified Financial Planner, provide professional guidance, periodic reviews, and rebalancing of your portfolio. This can lead to better-informed decisions and potentially higher returns.

Diversification and Risk Management
Asset Allocation:

A balanced asset allocation strategy can help manage risk and optimise returns. Consider spreading your investments across different asset classes such as equities, debt, and gold. This diversification can protect your portfolio from market fluctuations.

Review and Rebalance:

Regularly review your investment portfolio to ensure it stays aligned with your goals. Rebalancing involves adjusting the weightage of different asset classes based on their performance and your risk tolerance. This practice helps maintain the desired risk-reward balance.

Retirement Planning
Starting Early:

Starting your retirement planning early gives you a significant advantage due to the power of compounding. With a 20-year investment horizon, even small, regular contributions can grow substantially. Consider investing in a mix of equity and debt mutual funds tailored to your risk profile and retirement goals.

Retirement Corpus Estimation:

Estimate your retirement corpus based on your future financial needs, considering factors like inflation and lifestyle changes. Use retirement planning tools or consult a Certified Financial Planner to determine the amount required and devise a strategy to achieve it.

Tax Planning
Utilising Tax Benefits:

Utilise tax-saving investment options under Section 80C, such as Equity-Linked Savings Schemes (ELSS), Public Provident Fund (PPF), and National Savings Certificate (NSC). These not only help in tax saving but also provide good returns over the long term.

Efficient Tax Management:

Efficient tax planning involves strategically investing in tax-saving instruments and ensuring optimal use of available deductions. Regularly reviewing and adjusting your tax planning strategies can enhance your post-tax returns.

Long-Term Investment Strategies
Compounding Power:

Leverage the power of compounding by staying invested for the long term. Compounding can significantly boost your returns, especially when you reinvest the earnings from your investments. The longer your investment horizon, the more you benefit from compounding.

Avoid Timing the Market:

Market timing is challenging and often leads to suboptimal returns. Focus on a disciplined investment approach rather than trying to predict market movements. Regular investments through SIPs and staying invested through market cycles can yield better results.

Financial Discipline and Monitoring
Staying Committed:

Financial discipline is crucial for achieving your goals. Stick to your savings and investment plan, and avoid unnecessary expenses. Regularly track your progress and make adjustments as needed.

Periodic Reviews:

Conduct periodic reviews of your financial plan to ensure it remains relevant and effective. Life events and market conditions can impact your financial situation, so it’s essential to adapt your plan accordingly.

Final Insights
Building a significant corpus over the next 20 years requires a disciplined approach, strategic planning, and regular monitoring. Your current financial habits are commendable, and with some adjustments, you can further enhance your investment portfolio.

Consider increasing your SIP contributions, diversifying your investments, and enhancing your health insurance coverage. Regularly review and rebalance your portfolio to stay aligned with your goals. Efficient tax planning and leveraging the power of compounding will also play a crucial role in achieving your financial objectives.

Consulting with a Certified Financial Planner can provide professional guidance and help optimise your investment strategy. Stay committed to your financial plan, and you’ll be well on your way to building a substantial corpus for your future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Milind

Milind Vadjikar  |387 Answers  |Ask -

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

Asked by Anonymous - Oct 12, 2024Hindi
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Hi, age 40 years, monthly net salary Rs 85k, married , 1 kid. Recently have constructed new house. Ground floor commercial shops, and 1st floor residential 2bhk flat were we stay. Home loan 1.05 cr with monthly EMI of 85k for next 30 years & All current savings exhausted due to new construction. Commercial shops have potential for monthly rental income of 60k to 70k.please guide on below for strategy: 1) how to close home loan in next 10 years 2) considering 60 as retirement age, need corpus of 8 cr to fund kid education, marriage and for rest of livelihood.
Ans: Hello;

1. Immediately let out the commercial shops on long lease with yearly rent hikes. This is crucial to fund your loan EMI.

Assuming this to yield rental income of 70 K per month.

You will still need to shell out 15 K for the EMI amount from your income.

2. So after deducting EMI cut from your monthly pay we are left with
70 K.
Earmarking 30 K for your regular expenses, I suggest you start a monthly SIP of 40 K in a pure equity mutual fund with yearly top-up of 11% minimum.

This may grow into a corpus of 1.47 Cr after 10 years part of which you may utilise to settle off the overdue loan amount.

3. The balance corpus left after settling the loan is expected to be around 54 L. At this stage you will need enhance monthly sip to 1.5 L with 13 % yearly top-up for the next 10 years.

4. The corpus from SIP after the next 10 years may be 6.3 Cr. The balance corpus of 54 L may grow into a sum of 1.83 Cr. Both added will give you a comprehensive corpus of 8.13 Cr, as desired. ( A modest return of 13% from pure equity mutual funds is considered).

Happy Investing!!

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

...Read more

Nayagam P

Nayagam P P  |3811 Answers  |Ask -

Career Counsellor - Answered on Oct 13, 2024

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Sir the median package at ssnce for cse core is less than rvce ise .So does it make more viable option considering placement in mind .I have a dream of becoming software engineer from my childhood. But my seniors are advising for rvce ise.what to do should I follow my dream or placement.I am a Bangalore resident and Tamil is my mother tongue.
Ans: Ashwin, my son, graduated from RVCE in 2023 and secured employment through campus placement with a reputable software company. Despite being among the highest achievers in COMEDK, he opted for ECE instead of the more accessible CSE. We did not compel him to join CSE. Following his second year, he progressively shown an interest in software and obtained several certifications through NPTEL, Internshala, and similar platforms. Regarding his experience, while ISE is commendable, CSE is the superior option. Simply enter 'RV placement statistics 2024'. Select the initial result to get the Placement Statistics of RV directly. The top placements are for Computer Science Engineering, followed by Electronics and Communication Engineering, and then Information Science Engineering. The recommendations of your seniors, your personal interests, and the branch with the highest placement statistics are distinct considerations. Kindly review the Course Curriculum for both CSE and ISE and make a decision. Kindly review one of my detailed responses below, in which I have explicitly outlined the stages, recommendations, and methods that a first-year engineering student should adhere to till their fourth year for campus placement. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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

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