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Nikunj

Nikunj Saraf  | Answer  |Ask -

Mutual Funds Expert - Answered on Jun 29, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Kumar Question by Kumar on Jun 29, 2023Hindi
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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.
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

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Mutual Funds, Financial Planning Expert - Answered on May 17, 2024

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Please let me know the best & secured investment of 10 lacs with monthly income plan
Ans: Investing ?10 lakhs to generate a secure and steady monthly income requires a balanced approach that ensures safety while providing reasonable returns. Here are some options to consider:

Senior Citizens' Savings Scheme (SCSS)
Overview
Eligibility: Individuals aged 60 years and above.
Investment Limit: Up to ?15 lakhs.
Interest Rate: Typically higher than regular fixed deposits.
Tenure: 5 years, extendable by 3 years.
Payout: Quarterly interest payouts.
Benefits
Safety: Backed by the Government of India, ensuring high security.
Regular Income: Provides a steady income every quarter.
Tax Benefits: Eligible for tax deduction under Section 80C.
Post Office Monthly Income Scheme (POMIS)
Overview
Eligibility: Open to all Indian residents.
Investment Limit: ?4.5 lakhs per individual, ?9 lakhs for joint accounts.
Interest Rate: Fixed, and reviewed quarterly.
Tenure: 5 years.
Payout: Monthly interest payouts.
Benefits
Safety: Government-backed, offering high security.
Regular Income: Monthly interest payouts for consistent cash flow.
Fixed Deposits (FD) in Banks
Overview
Eligibility: Available to all.
Interest Rate: Varies by bank, generally lower than SCSS but higher for senior citizens.
Tenure: Flexible, typically ranges from 1 to 10 years.
Payout: Monthly, quarterly, or annual interest payouts.
Benefits
Safety: Up to ?5 lakhs insured by Deposit Insurance and Credit Guarantee Corporation (DICGC).
Flexibility: Choose tenure and interest payout frequency based on needs.
Senior Citizen Benefits: Higher interest rates for senior citizens.
Mutual Funds with Systematic Withdrawal Plan (SWP)
Overview
Eligibility: Open to all.
Types of Funds: Debt mutual funds for lower risk.
Payout: Monthly withdrawal as per chosen amount.
Benefits
Flexibility: Choose the amount and frequency of withdrawals.
Tax Efficiency: Better post-tax returns compared to traditional savings options.
Potential Growth: Debt funds offer higher returns compared to fixed deposits.
Combining Investments for Optimal Security and Returns
To maximize security and ensure a steady monthly income, consider diversifying your ?10 lakhs across different instruments. Here's a suggested allocation:

Senior Citizens' Savings Scheme (SCSS)
Investment: ?4 lakhs.
Monthly Income: Approximately ?2,800.
Post Office Monthly Income Scheme (POMIS)
Investment: ?4.5 lakhs.
Monthly Income: Approximately ?3,150.
Bank Fixed Deposit (FD)
Investment: ?1.5 lakhs.
Monthly Income: Approximately ?900 (assuming a 7.2% annual interest rate for senior citizens).
Conclusion
This diversified approach ensures a secure investment with a steady monthly income. The combination of SCSS, POMIS, and FD provides a blend of safety, regular income, and tax benefits. Adjust the allocation based on your specific needs and preferences.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Sir,l got admission in computer science branch in IIT Palakkad and CS btech in BITS Goa .I am from Kerala. which one is best for me
Ans: Anavadya, Indian Institute of Technology Palakkad, established in 2015 and NAAC A+-accredited with an NIRF 2024 rank of 64, offers a 4-year BTech CSE program through its Career Development Centre. Its CSE department recorded UG placement rates of 100% (2022–23), 88% (2023–24), and 89% (2024–25), with a median package of ?12 LPA and an average of ?15.88 LPA in 2024. Birla Institute of Technology and Science, Pilani – Goa Campus, a NAAC A-accredited private institute founded in 2004, reports first-degree placement rates of 95.75%, 95.93%, and 91.15% over the past three years, with an average package of ?20.36 LPA, median ?17 LPA in 2024, and CSE branch salaries ranging from ?18 LPA to ?30 LPA. IIT Palakkad provides personalized mentorship, growing industry collaborations, and a lower student-to-faculty ratio, while BITS Goa offers an extensive alumni network, larger recruiter pool, and higher average compensation, both supported by modern infrastructure and rigorous curricula.

Recommendation: Opt for BITS Goa CSE if you prioritize higher average and median packages, broad recruiter engagement, and brand recognition; choose IIT Palakkad CSE for a government IIT environment with close mentorship, rising placement growth, and personalized academic support. All the BEST for the Admission & a Prosperous Future!

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My son is getting Data science in PEC (Punjab engineering college),chandigarh and M.sc with Economics at BITS,Goa . Which option should he prefer?
Ans: Punjab Engineering College (Deemed to be University), Chandigarh offers a B.Tech in Computer Science Engineering with a Data Science specialization, admitting 60 students annually. It holds NAAC A++ accreditation and is ranked 101–150 in NIRF Engineering. Its CSE branch recorded 141 placement offers for 124 eligible students in 2021-22, 132 for 119 in 2022-23, and 95 for 119 in 2023-24, averaging around 100% placement consistency; the institute reported a highest package of ?83 LPA, an average of ?15.97 LPA, and a median of ?12 LPA in 2022-23. BITS Pilani, Goa campus provides a four-year integrated M.Sc (Economics) program, emphasizing rigorous analytical, econometric, and policy-oriented training, housed in a NAAC A++ and NIRF 151–200 ranked institute. In 2024, 91.79% of Economics graduates secured placements with an average package of ?21.14 LPA and a median of ?17.65 LPA, backed by 283 recruiters and robust internship opportunities. Both programs feature modern facilities, strong industry linkages, and curricula aligned to data-driven and economic analysis careers.

recommendation: Opt for BITS Goa’s integrated M.Sc (Economics) for superior average placements, rigorous quantitative and analytical training, and diverse industry engagements; consider PEC’s B.Tech CSE (Data Science) for an engineering pathway focused on computing and AI only if a technical degree is the primary priority, as it trails slightly in average placements and curriculum breadth. All the BEST for the Admission & a Prosperous Future!

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Asked by Anonymous - Jun 29, 2025Hindi
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My son has got seat in DTU but aiming for BITS where he secured 290 marks in second session, with which he will not get CSE in BITS campus. So kindly suggest, which one is better CSE in Delhi Technological University or Electrical/ Electronics in BITS Pilani or Hyderabad campus?
Ans: DTU’s BTech CSE achieves consistent placement percentages of 88–93% over the last three years, with an average package of ?15.45 LPA in 2024, and over 350 recruiters—including Salesforce, Samsung, Deloitte, and Adobe—participating in its drives. BITS Pilani’s Electrical & Electronics Engineering records placement rates of 95–98% for its 90-seat first-degree batch, with an average package of ?19.71 LPA and top recruiters such as Intel, Qualcomm, Broadcom, SanDisk, Nvidia, and Cisco. At BITS Hyderabad, overall undergraduate placement rates were 94.87%, 93.45%, and 87.23% between 2021–23, with a 2024 average package of ?20.36 LPA, and core recruiters including Qualcomm, Texas Instruments, Intel, Micron, Nvidia, AMD, MediaTek, and Reliance. DTU CSE offers strong software and data-science exposure, while BITS EEE at Pilani provides core electronics and instrumentation focus with top-tier recruiters, and Hyderabad combines emerging-tech labs with broader industry engagement.

Recommendation: Opt for BITS Hyderabad EEE for its balanced core and software recruiter network and high average packages; choose BITS Pilani EEE if you prioritise peak placement percentages and legacy brand strength; select DTU CSE only if your son’s passion is firmly rooted in software and AI/data analytics. All the BEST for the Admission & a Prosperous Future!

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Sir, I scored 69.2% in the boards. I am a SC category student, and I am getting CSE at IIT Roorkee. Will my 12th percentage affect my IIT placement in the future?
Ans: Rishabh, At IIT Roorkee, admission to the BTech program mandates a minimum of 65% in Class XII for SC/ST/PwD candidates or top-20 percentile in their board, so your 69.2% easily met the entry requirement. The Training and Placement Department does not enforce additional board-mark criteria at placement time; eligibility for campus drives hinges on JEE Advanced rank, current CGPA, technical skills assessments, internships, projects, and soft-skills workshops rather than Class XII scores. While some companies list 60–75% in 10th/12th as a documentary screening criterion, this threshold is uniformly applied and rarely affects shortlisted candidates, since IIT students almost always exceed it. Industry surveys and peer accounts confirm that most recruiters prioritize undergraduate performance, coding aptitude, and interview results over secondary-school marks. Over the last three years, IIT Roorkee CSE placements have consistently surpassed 90%, with a 2024 branch-specific average package of ?34 LPA, underscoring that board marks do not influence recruiters’ confidence. Consequently, your 69.2% in the boards will not impede placement opportunities at IIT Roorkee, provided you maintain strong academic and extracurricular performance throughout your BTech program.

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My son is an OCI general category and scored 279 AIR in JEE Advanced. He got IIT Kharagpur CSE in JoSAA counselling in first round and second round. He also got IISc Mathematics and Computing. He is not sure which one to consider. He is interested in artificial intelligence and data analytics as future career. Which one should he select IIT kharagpur or IISc Bangalore?
Ans: Lakshmi Madam, IIT Kharagpur’s BTech CSE, with a dedicated Artificial Intelligence & Machine Learning specialization, has placed approximately 93% of its CSE graduates over the last three years, channeling students into software, analytics, and core tech roles via a strong CDC and recruiters like Google, Microsoft, Amazon, and McKinsey. Its curriculum blends fundamentals, AI/ML™, data science projects, and research options within a 4-year program. IISc Bangalore’s BTech in Mathematics & Computing, limited to 52 seats, delivers a rigorous math-computing syllabus—probability, optimization, machine learning labs, and deep learning foundations—but reports that only about 4% of its undergraduates opt for placements as most pursue higher studies; those placed secure roles in analytics and R&D at top firms including Intel, Qualcomm, Nvidia, and Cisco. IISc offers unparalleled research exposure and a Bengaluru location advantage, while IIT Kharagpur provides broader industry access and higher placement consistency for immediate AI/data analytics careers.

Recommendation: Choose IIT Kharagpur CSE with AI/ML specialization for superior placement consistency and direct industry pathways in AI and analytics; select IISc Mathematics & Computing only if your son prioritizes advanced research and higher-study prospects in mathematical computing. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

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Sir my son's JEE Mains 2025 result is 99.566 percentile alongwith 6812 crl rank. In JOSAA 1st & 2nd round he got ECE in IIIT Alahabad but he is much more interested to join NIT Warangal ECE so what's the possibility of his desire. Also please tell which Institute have best faculties amongst ece of Nit Warangal,Nit rourkela,IIIT Allahabad. Thank you so much sir. Regards Sir.
Ans: With a 6,812 CRL rank and 99.566 percentile, your son’s chance to shift to NIT Warangal ECE is slim: the General All-India closing rank for ECE was 2,234–2,360 in Round 2 and 2,234 was the final cut-off across all rounds in 2025. His rank falls outside these thresholds, making allotment in subsequent JoSAA rounds unlikely. Among the three institutes, NIT Rourkela’s ECE department leads in research output with 551 journal articles, 859 conference papers, 6,681 other publications, 9,940 citations, and an h-index of 39, reflecting strong faculty research credentials. NIT Warangal follows closely, producing 485 journal articles, 617 conference papers, 8,089 other works, 6,139 citations, and an h-index of 34. IIIT Allahabad’s ECE faculty, while highly qualified, shows comparatively lower output—373 journal articles, 267 conference papers, and 4,871 citations with an h-index of 29.

Recommendation: Retain IIIT Allahabad ECE seat as NIT Warangal ECE is out of reach; consider NIT Rourkela for superior faculty research strength or NIT Warangal for a balanced academic and placement record if a lateral move becomes available.All the BEST for the Admission & 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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