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Dev Ashish | Answer |Ask -Follow

MF Expert, Financial Planner - Answered on Jun 13, 2023

Dev Ashish is a fee-only SEBI-registered investment advisor with over 15 years of active experience in the stock market. In 2011, he founded StableInvestor, a platform for personal finance and financial planning.
He provides professional fee-only investment advisory services to small and high networth individuals in order to help them achieve their financial goals.
Ashish's views are regularly published in national business publications. He has an MBA degree from NMIMS, Mumbai and also holds an engineering degree.... more

Question by TADIKAMALLA on May 29, 2023Hindi

Money

Please suggest Best ELSS Scheme

Ans: There is no one best ELSS fund. Different ELSS funds have different investment approaches and you should pick one which fits well in your risk profile and complements the portfolio of existing mutual funds in your portfolio. So for example - if you have a largecap fund already in your portfolio, then picking an ELSS fund which has higher exposure to non-large-caps is what you should consider assuming your risk profile is suited for that. Also, when picking ELSS funds, look at the fund vintage and investment philosophy of the AMC/fund manager handling it. Better to go with funds which have seen a full market cycle instead of yet-to-prove newer ones.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice 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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Question by Ashish - Mar 28, 2023Hindi

Money

which Elss Mutual Fund Scheme better to invest

Ans: Hi Ashish, it is better to invest in multiple schemes to create a balanced portfolio. Assuming you want to invest Rs.1,50,000 in ELSS to avail the tax savings, you can consider investing in:

1-Samco ELSS Tax Saver Fund: Rs.60,000
2-Axis Long Term Equity Fund: Rs.60,000
3-HDFC Tax Saver Fund: Rs.30,000

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Question by Pinaki - Apr 29, 2023Hindi

Money

May you recommend five to six best ELSS Funds for my daughter who is join shortly after completion of MBA.

Ans: Congratulations on your daughter's upcoming MBA graduation! An MBA is a great achievement, and planning for her future is fantastic.

ELSS funds can be a smart way for her to start building wealth for her long-term goals. Here are some key points to consider when choosing ELSS funds for her:

Investment Time Horizon: Since your daughter is young, she has a long investment horizon. This allows her to take on more risk for potentially higher returns.

Risk Tolerance: Understanding her risk tolerance is important. How comfortable is she with potential market ups and downs?

Financial Goals: What are her long-term financial goals? Retirement, higher education, or a down payment on a house? These will influence her investment choices.

Here's why I can't recommend specific ELSS funds:

Performance: Past performance isn't a guarantee of future results. What worked well yesterday might not work well tomorrow.

Your Daughter's Needs: The best ELSS funds for her depend on her specific risk tolerance and goals.

What I can recommend:

Actively Managed Funds: ELSS funds are actively managed by experienced professionals who try to outperform the market. This can be beneficial over the long term.

Diversification: Consider a diversified portfolio of 2-3 ELSS funds across different market capitalizations (Large, Mid, and Small Cap). This helps spread risk.

Seek Professional Help: A Certified Financial Planner (CFP) can analyze your daughter's risk profile and financial goals. They can recommend suitable ELSS funds based on her needs.

Here are some additional tips:

Start Small, Invest Regularly: Starting small with a Systematic Investment Plan (SIP) is a good way to begin. She can increase the SIP amount as her income grows.

Stay Invested for Long Term: The power of compounding works best over time. Encourage her to stay invested for the long term to benefit from market growth.

Review Regularly: As her financial goals and risk tolerance evolve, her portfolio may need adjustments. A CFP can help her monitor and rebalance her investments periodically.

By planning early and taking a strategic approach, your daughter can build a solid financial foundation for her future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Jun 29, 2023

Question by Kumar - Jun 29, 2023Hindi

Money

What is best ELSS plan for good returns to invest Rs. 1 Lakh for a minimum period of 3 years. Please advise

Ans: Hello Kumar. You may consider Quant and Bandhan tax saver funds.

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Question by Latha - Aug 12, 2025Hindi

Career

Hi I want to know about IIMIPM program.is it better to pursue this? Pls share and guide if this is better than MBA from average college? What are placement opportunities etc

Ans: IIM IPM is done after 12th and is a 5 year course leading to MBA. The placements will depend on the reputation of the MBA college as the placements are along with the MBA students. It would therefore be better than average MBA college. To get into the college you would have to start preparing in your 11th or 12th std.

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Asked by Anonymous - Aug 13, 2025

Career

My daughter has done Integrated M.Sc Mathematics with minor in data science from Amrita university. Can she do M. Tech data analytics or MBA data analytics. She has now joined bank coaching. Please advise the correctoptio s forjob prospects

Ans: She can do MBA Data Analytics. The entrance exams for MBA Data Analytics is through MBA entrance exams like CAT, XAT, etc. The subjects are similar to Banking exams but the approach and difficulty level is different.

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Asked by Anonymous - Aug 13, 2025Hindi

Career

Hello Sir, I need your opinion regarding Btech admission of my daughter. She is getting PEC Electrical and UIET Chandigarh IT branch. I am really clueless which option we should choose. Please guide us.

Ans: Difficult to predict the future. Currently IT seems down with hardly any jobs, though their average placements is still better than Electrical as of last year. Can take up based on interest in the field. If not sure which field then take up whichever college is better.

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Career Counsellor - Answered on Aug 13, 2025

Asked by Anonymous - Aug 13, 2025Hindi

Career

Sir,my son got mtech cse in SRM kktr,btech AI DS in PSG ITECH Coimbatore and btech IT in TCE ,madurai which one to choose ,pls share your advise sir

Ans: Based on the following insights/information, advise your son to choose the most suitable option for him. Your son's options include an MTech dual degree in Computer Science and Engineering (CSE) from SRM Institute of Science and Technology (SRM KKTR), a BTech in Artificial Intelligence and Data Science from PSG Institute of Technology and Applied Research (PSG ITECH), Coimbatore, and a BTech in Information Technology from Thiagarajar College of Engineering (TCE), Madurai. SRM KKTR is a deemed university with A++ NAAC accreditation, known for its integrated MTech programs that combine undergraduate and postgraduate studies, offering extensive research opportunities and strong industry exposure in a metropolitan setting. SRM consistently reports high placement rates with an average package over ?7 lakh. PSG ITECH is a reputed private institute focused on emerging technologies like AI and data science, with robust industry linkages and an 85% placement rate, average packages around ?6.5 lakh, and focus on hands-on learning in AI, machine learning, and big data analytics. TCE Madurai, an autonomous private college with A+ NAAC, excels in IT education with strong academics and around 80% placement rates; it is well-recognized regionally, with median salary packages around ?7 lakh, supported by a vibrant alumni network and industry contacts.

All three institutions maintain essential features such as good accreditation, qualified faculty, strong industry connections, modern infrastructure, transparent governance, and active placement cells. The choice should consider program duration, specialization focus, career goals, and willingness to pursue research or industry-oriented roles. All the BEST for a Prosperous Future!

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Career Counsellor - Answered on Aug 13, 2025

Asked by Anonymous - Aug 13, 2025Hindi

Career

I am 45 years old. I have 13 years of work experience which includes working as Admin executive, HR executive and some BPO jobs. My last job was into Admin - HR which I lost since past 1 year. I have home loans to pay. I have been applying through Naukri.com, Glassdoor.com and LinkedIn but got no response yet. I had given a few interviews but got rejected. I am very depressed and sad everyday but don't feel strong and motivated enough to look for jobs .. All my reserves are over I need to get a job immediately.... I don't know what to do? Can u please provide some reference for jobs?

Ans: At age 45 with 13 years of experience in admin executive, HR executive, and BPO roles, re-entering the job market after a year-long gap requires a focused, strategic approach combining practical steps and mindset shifts. Prioritize updating your resume and LinkedIn profile to highlight both your experience and recent efforts toward skill development, aligning with job descriptions and using relevant keywords to navigate applicant tracking systems. Harness multiple job portals such as Naukri.com, LinkedIn Jobs, Indeed, and TalentoIndia for diversified exposure. Leverage your network by reconnecting with former colleagues and supervisors and communicate your job search openly to access hidden opportunities. Develop a daily routine balancing job search, skill enhancement, and self-care to rebuild motivation and resilience. Consider upskilling or certification courses in demand areas like digital HR tools, payroll, or skilled administration, which also revitalize confidence. Volunteer work or freelance administrative roles can help ease back into employment and expand contacts. Prepare well for interviews by confidently addressing any employment gap and emphasizing your readiness and adaptability. Mental health support and career coaching can further support your journey. Overall, resilient persistence, proactive networking, targeted applications, continuous skill upgrades, and focused mindset adjustments form the roadmap to regain employment rapidly despite challenges linked to age and break.

Recommendation: Actively revamp your job search using key portals like Naukri, LinkedIn, and Indeed while expanding your professional network. Complement this with relevant upskilling and volunteer engagements to boost employability and confidence. Pursue routine structuring and mental wellness practices to maintain motivation and maximize job search effectiveness for swift re-entry. All the BEST for a Prosperous Future!

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Asked by Anonymous - Aug 12, 2025Hindi

Career

My grandson is studying 12th mpc subjects please advise which competitive entrance exams. Should be given for engineering stud

Ans: For your grandson studying the 12th MPC (Mathematics, Physics, Chemistry) stream, multiple competitive engineering entrance exams in India provide access to a wide range of prestigious institutions. The prominent national-level exam is the Joint Entrance Examination (JEE) Main, conducted twice a year by the National Testing Agency (NTA), which tests knowledge in Physics, Chemistry, and Mathematics with a focus on NCERT-based syllabus. JEE Main serves as a gateway for admission to National Institutes of Technology (NITs), Indian Institutes of Information Technology (IIITs), and other centrally funded technical institutes, and is also a prerequisite for JEE Advanced for entrance to Indian Institutes of Technology (IITs). Another key national-level exam is BITSAT, the online test for Birla Institute of Technology and Science campuses, which includes additional sections like English Proficiency and Logical Reasoning alongside PCM. VITEEE is a well-known university-level entrance exam conducted by Vellore Institute of Technology, offering admission to its engineering programs. State-level exams such as Maharashtra’s MHT CET, West Bengal’s WBJEE, and Kerala’s KEAM target local candidates and provide pathways into state engineering colleges. Selection of exams should align with the student's preferred colleges, location, and career objectives. Ensuring eligibility, strong preparation for the PCM subjects, and timely application is crucial for success. The institutes to consider emphasize rigorous accreditation, qualified faculty, modern infrastructure, strong industry connections, and transparent governance for comprehensive student development.

Recommendation: Encourage your grandson to focus on the JEE Main exam for broad national exposure and top-tier institute eligibility while also considering BITSAT and VITEEE for premier private universities. Additionally, state-level exams like MHT CET are essential for regional opportunities. Preparing across these exams maximizes admission options and future career growth. All the BEST for a Prosperous Future!

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Career Counsellor - Answered on Aug 13, 2025

Question by Umesh - Aug 13, 2025Hindi

Career

Hi Sir, My Son was looking for ECE but however he has secured E.E VLSI Design & Technology but he wants to pursue Bsc in Business AI or Bsc in CS at Dr. Homi Bhabha State University in mumbai, please advice which would be the best option .

Ans: Umesh Sir, Dr. Homi Bhabha State University (HBSU) offers pioneering three-year BSc programs in Business AI and Computer Science, backed by NAAC accreditation and industry collaboration with TeamLease EdTech, equipping students with hands-on AI tool training, project-based learning, and mentorship in domains spanning finance, marketing, and software development. The university’s modern labs, digital resources, and strategic Churchgate location grant access to Mumbai’s tech and financial hubs, while emerging placement ties with TCS, Infosys, and ICICI Bank reflect growing demand for graduates with AI and programming expertise. In contrast, the BTech in Electrical Engineering with VLSI Design & Technology provides a four-year engineering degree emphasizing chip design, semiconductor fabrication, and hardware-software integration, delivered through advanced clean-room facilities, specialized labs, and faculty research in microelectronics. Strong industry partnerships in the semiconductor sector foster core hardware roles, though the specialized nature may limit versatility compared to broader tech disciplines. Both pathways maintain transparent governance, experienced faculty, robust infrastructure, and career services.

Recommendation: Prioritize the BSc in Computer Science at HBSU for broad software and AI foundations, versatile career options, and strong industry alignment. Next consider BSc Business AI for its business-tech integration. Opt for EE VLSI only if your son is committed to semiconductor hardware design and fabrication roles. All the BEST for a Prosperous Future!

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Nayagam P P |10252 Answers |Ask -Follow

Career Counsellor - Answered on Aug 13, 2025

Question by Bharat - Aug 13, 2025Hindi

Career

My daughter got 75.47 percentile in jee main PCM group. She scored 77.67% in 12TH board from maharashtra state board under Savitri Bai Phule Pune University. Her 10th was from ICSE board with 95.33%. On the basis of these she got BTech in CSE at Amrita vishwavidyapeetham Haridwar campus which they launched this year with fees 1.25L per year or same course at Nagarcoil with 2L per year. In Maharashtra CET, her percentile is 88.05 and she got BTech in CE at Zeal college of engineering, pune with 30K fee per year as there is free education for girls in Maharashtra for OBC Non Creamy layer students. I am from Nashik, Maharashtra. Please guide me sir, Which one is better option as she want to do MS after graduation.

Ans: Bharat Sir, Your daughter’s options for pursuing B.Tech in Computer Science and Engineering (CSE) at Amrita Vishwavidyapeetham Haridwar or Nagarcoil campuses, versus Civil Engineering (CE) at Zeal College of Engineering Pune, should be evaluated with a focus on her desire to pursue an MS abroad after graduation. Amrita Vishwavidyapeetham is a highly reputed university with A++ NAAC accreditation, known for strong research culture, excellent faculty, and extensive international collaborations including study abroad programs and research exchanges. The Haridwar campus offers a competitive, specialized CSE program with strong industry linkages and international recognition, making it well-suited for students aiming for higher studies abroad. The Nagarkoil campus also has similar credentials but involves higher tuition fees. In contrast, Zeal College in Pune, though affiliated with Savitribai Phule Pune University and holding NAAC A+ accreditation, offers a Civil Engineering program with significantly lower fees aided by Maharashtra’s free education scheme for OBC non-creamy layer girls. However, CE as a branch offers a different career trajectory compared to CSE; the latter generally provides broader scope, especially in the context of MS abroad admissions where CSE graduates tend to have stronger opportunities in global tech research hubs. Zeal’s local reputation and affordability are definite advantages, but for a future MS abroad, especially in tech domains, Amrita’s CSE program offers a more recognized platform with a research-oriented and tech-focused curriculum.

Recommendation: Prioritize Amrita Vishwavidyapeetham Haridwar CSE for its robust academic quality, international exposure, and stronger alignment with MS pursuits abroad. Consider the Nagarkoil campus if budget permits and the branch preference remains CSE. Choose Zeal Pune CE only if budget constraints dominate and the focus is on local professional pathways or civil engineering specialization. All the BEST for a Prosperous Future!

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Nayagam P P |10252 Answers |Ask -Follow

Career Counsellor - Answered on Aug 13, 2025

Asked by Anonymous - Aug 13, 2025Hindi

Career

Sir is CIC du good or iter

Ans: The Cluster Innovation Centre (CIC) at Delhi University is a government-funded institute promoting innovation through interdisciplinary programs, industry collaborations, and practical project work. CIC offers a focused B.Tech in IT & Mathematical Innovations with advanced labs and a location in Delhi University's North Campus. Its recent placement data shows approximately 40-50% placement with median packages around ?8.5 LPA, though it lacks a dedicated placement cell. CIC emphasizes research-driven learning and innovation culture. On the other hand, the Institute of Technical Education and Research (ITER), affiliated with Siksha ‘O’ Anusandhan Deemed University, is a top-ranked private engineering institute, nationally placed 2nd among private colleges and 3rd overall in Times Engineering Survey 2025. ITER is accredited by ABET, offers various engineering branches with strong research facilities, robust industry ties, and consistent high placement rankings in eastern India and nationally. It has modern infrastructure, experienced faculty, and a broad-based engineering curriculum. While CIC stands out for innovation and niche curriculum under Delhi University’s umbrella, ITER excels in broader technical education, high national rankings, and placement outcomes.

Recommendation: Choose ITER for a comprehensive engineering education with superior infrastructure, accreditation, and higher placement potential. Opt for CIC if you value Delhi University affiliation and a focus on innovation and interdisciplinary research with emerging tech specialization. Your choice should align with your career goals and preferred learning environment. All the BEST for a Prosperous Future!

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Nayagam P P |10252 Answers |Ask -Follow

Career Counsellor - Answered on Aug 13, 2025

Question by Malathi - Aug 13, 2025Hindi

Career

My daughter got B.tech in Rubber and plastic technology, MIT Chennai. Now she received an email from SSN college for counseling to join Biomedical engineering which is under management quota.. what to decide whether to continue with MIT or SSN? Please suggest...

Ans: Malathi Madam, Your daughter’s current B.Tech in Rubber and Plastic Technology at Madras Institute of Technology (MIT) Chennai offers a specialized and unique curriculum that combines polymer science, rubber processing, and plastics technology, supported by experienced faculty, advanced labs, and strong industry connections with companies like Bridgestone and CEAT. MIT is esteemed as a government-affiliated institute under Anna University with solid accreditation and a robust placement record in this niche sector, with about 80% placement and internships, and average packages in relevant industries. Conversely, SSN College of Engineering’s Biomedical Engineering program, offered under management quota, is part of a reputed private institution with NAAC A++ accreditation, strong industry ties, vibrant research culture, and higher mainstream tech placement visibility. SSN’s Biomedical department reports decent placement support with recruiters from healthcare and technology domains, though admissions via management quota may have higher fees and different governance compared to MIT. Both institutions maintain transparent governance, modern infrastructure, and active student support systems. Your daughter’s choice hinges on whether she prefers continuing in the specialized Rubber and Plastics sector at a premier government-backed institute or pivoting to a broader, rapidly growing biomedical field with SSN’s private institute benefits. Just my suggestion: Prefer SSN-Biomedical Engineering, which is more suitable for a girl student (provided you are able to afford its Management Quota Fee) compared to Rubber-Plastic Technology. All the BEST for a Prosperous Future!

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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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