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What Investment Options Can Minimize Tax Burden for NRE Turned Resident in India?

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Samkit Maniar  | Answer  |Ask -

Tax Expert - Answered on Aug 30, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Yogesh Question by Yogesh on Aug 28, 2024Hindi
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Where should NRE turned resident invest money so as to minimize / no tax burden?

Ans: Once you are an Indian tax resident then you will be subjected to taxes on your worldwide income.

If you are a long term investor then you can invest in Indian markets, we have experts on the panel to guide with your investments, considering India does not levy tax on any unrealised gains.
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  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

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Which is the best MF now for Tax Gain Saving by Sr. Citizen
Ans: For senior citizens looking to invest in tax-saving mutual funds (Equity Linked Savings Schemes or ELSS), several factors need consideration, including risk tolerance, investment horizon, and financial goals. Since ELSS funds come with a lock-in period of three years and invest primarily in equity, it's essential to choose funds that align with your preferences and objectives.
Here are a few considerations and recommendations for senior citizens investing in ELSS:
1. Risk Tolerance: Evaluate your risk tolerance, as ELSS funds are equity-oriented and subject to market volatility. If you have a lower risk tolerance, consider balanced funds or debt-oriented funds with tax-saving benefits.
2. Investment Horizon: Determine your investment horizon and assess whether you can stay invested for the ELSS lock-in period of three years or longer.
3. Past Performance: Review the historical performance of ELSS funds, focusing on consistency and long-term returns. Look for funds with a track record of delivering competitive returns over various market cycles.
4. Fund Manager Expertise: Assess the expertise and track record of the fund manager managing the ELSS fund. A skilled and experienced fund manager can add value through strategic investment decisions.
5. Expense Ratio: Consider the expense ratio of the ELSS funds, as lower expenses can enhance your overall returns over time.
It's essential to conduct thorough research, consult with a financial advisor, and carefully evaluate your investment options before making any investment decisions. Additionally, consider your overall financial plan, including asset allocation, diversification, and risk management, to achieve your long-term financial goals.

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Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 02, 2024

Asked by Anonymous - Jul 02, 2024Hindi
Money
Hello Sir, Iam 64 years old NRI, I have saving about 1 cr, please let me know where to invest safely
Ans: It’s great to see you thinking about safe investments for your savings. With Rs 1 crore to invest, let’s discuss a strategy that balances safety, growth, and income.


At 64, planning your investments carefully is crucial. Your focus on safety and returns is commendable. You deserve peace of mind and steady returns.

Understanding Your Financial Goals
Investment Amount:

Rs 1 crore
Objective:

Safety of principal
Regular income
Moderate growth
Time Horizon:

Medium to long-term
Types of Investments
Diversifying your investments will help achieve a balance between safety and returns. Here’s how you can allocate your Rs 1 crore:

1. Debt Mutual Funds
Overview:

Debt mutual funds invest in fixed-income securities like government and corporate bonds.
They provide regular income and are less volatile than equity funds.
Advantages:

Lower risk compared to equity funds.
Provides stability and steady returns.
Risks:

Interest rate risk: Value may decrease if interest rates rise.
Credit risk: Possibility of issuer default.
Recommended Allocation:

Allocate Rs 40 lakh to debt mutual funds.
Choose funds with a mix of high-quality corporate bonds and government securities.
2. Balanced or Hybrid Mutual Funds
Overview:

Hybrid funds invest in a mix of equity and debt.
They offer a balanced approach to investing, providing both growth and income.
Advantages:

Diversification across asset classes.
Potential for moderate growth with reduced risk.
Risks:

Market risk from equity component.
Interest rate and credit risks from debt component.
Recommended Allocation:

Allocate Rs 30 lakh to balanced or hybrid mutual funds.
This provides a balanced exposure to both equity and debt.
3. Monthly Income Plans (MIPs)
Overview:

MIPs are mutual funds that primarily invest in debt instruments but also have a small equity component.
They are designed to provide regular monthly income.
Advantages:

Regular monthly income.
Lower risk due to high debt component.
Risks:

Market risk from the equity component.
Interest rate and credit risks from debt component.
Recommended Allocation:

Allocate Rs 20 lakh to MIPs.
This ensures regular income with moderate growth potential.
4. Liquid Funds
Overview:

Liquid funds invest in short-term debt instruments.
They offer high liquidity and low risk, ideal for emergencies.
Advantages:

High liquidity.
Better returns than a savings account.
Risks:

Lower returns compared to other debt funds.
Interest rate risk.
Recommended Allocation:

Allocate Rs 10 lakh to liquid funds.
This ensures quick access to funds in case of emergencies.
Power of Compounding
The power of compounding is essential in long-term investing. By reinvesting your returns, your money grows exponentially over time.

Overview:

Compounding is earning returns on your initial investment and the returns generated.
The longer you stay invested, the more your money grows.
Advantages:

Exponential growth of wealth.
Maximizes long-term returns.
Example:

Investing in mutual funds and reinvesting the returns can significantly grow your corpus over time.
Avoiding High-Risk Investments
Given your priority on safety, avoiding high-risk investments is prudent.

Equity Exposure:

Limit equity exposure to reduce volatility.
Focus on funds with a higher debt component for stability.
Real Estate:

Real estate can be illiquid and high maintenance.
Focus on liquid and manageable investments.
Disadvantages of Index Funds
While index funds are popular, they have some drawbacks compared to actively managed funds.

Limited Flexibility:

Index funds mirror the market and cannot adapt to changing conditions.
Actively managed funds can adjust to market trends and opportunities.
No Outperformance:

Index funds aim to match the market, not outperform it.
Actively managed funds can potentially deliver higher returns.
Recommended Approach:

Prefer actively managed funds through a Certified Financial Planner for tailored advice and potential outperformance.
Disadvantages of Direct Funds
Direct funds might seem attractive due to lower expense ratios, but they come with their own challenges.

Lack of Guidance:

Direct funds require you to make all investment decisions.
Investing through a Certified Financial Planner provides expert advice and tailored strategies.
Time-Consuming:

Managing direct funds can be time-consuming and complex.
Professional guidance simplifies the process and ensures informed decisions.
Recommended Approach:

Invest through regular funds with guidance from a Certified Financial Planner.
Regular Monitoring and Rebalancing
Overview:

Regularly review your investment portfolio.
Rebalance your portfolio to maintain the desired asset allocation.
Advantages:

Keeps your investments aligned with your goals.
Reduces risk by maintaining diversification.
Recommended Actions:

Review your portfolio every six months.
Rebalance if any asset class deviates significantly from the desired allocation.
Tax Considerations for NRIs
Tax Implications:

Understand the tax implications of your investments.
Consult with a tax advisor for NRI-specific tax benefits and obligations.
Double Taxation Avoidance Agreement (DTAA):

Take advantage of DTAA between India and your resident country.
This helps avoid double taxation on your investment income.
Emergency Fund
Maintaining an emergency fund is crucial, especially at your age. Ensure it is accessible and sufficient for at least 6-12 months of expenses.

1. Liquid Funds
Overview:

Liquid funds invest in short-term debt instruments.
They offer quick access to funds with minimal risk.
Advantages:

High liquidity.
Better returns than a savings account.
Risks:

Lower returns compared to other debt funds.
Interest rate risk.
Recommended Allocation:

Keep a portion of your emergency fund in liquid funds.
This ensures quick access and better returns than a savings account.
Regular Income through SWP
A Systematic Withdrawal Plan (SWP) can provide regular income from your mutual fund investments.

Overview:

SWP allows you to withdraw a fixed amount regularly from your mutual fund investments.
It provides a steady cash flow.
Advantages:

Regular income while keeping your principal invested.
Flexibility to choose the withdrawal amount and frequency.
Risks:

Market risk: Value of investments can fluctuate.
Depleting principal if withdrawals exceed returns.
Recommended Allocation:

Set up an SWP for monthly income.
Withdraw a sustainable amount to ensure longevity of your investments.
Final Insights
By following this roadmap, you can effectively invest Rs 1 crore with a focus on safety and steady returns. Here’s a summary of the steps:

Debt Mutual Funds:

Allocate Rs 40 lakh.
Focus on high-quality corporate bonds and government securities.
Balanced or Hybrid Mutual Funds:

Allocate Rs 30 lakh.
Provides balanced exposure to equity and debt.
Monthly Income Plans (MIPs):

Allocate Rs 20 lakh.
Ensures regular income with moderate growth potential.
Liquid Funds:

Allocate Rs 10 lakh.
Ensures quick access to funds in case of emergencies.
Power of Compounding:

Reinvest returns to maximize long-term growth.
Avoid High-Risk Investments:

Limit equity exposure and avoid real estate.
Disadvantages of Index and Direct Funds:

Prefer actively managed funds with professional guidance.
Regular Monitoring and Rebalancing:

Review and adjust your portfolio every six months.
Tax Considerations for NRIs:

Understand tax implications and leverage DTAA benefits.
Emergency Fund:

Maintain liquidity and accessibility.
Regular Income through SWP:

Set up an SWP for steady monthly income.
By diversifying your investments and leveraging the power of compounding, you’ll be well on your way to achieving your financial goals with safety and stability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jul 03, 2024Hindi
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Hi Sir, I am a Non-Resident Indian with 10 lakhs in my NRE account. Currently, I do not need this money for six months. I am hesitant to put this money into Fixed Deposits or Savings accounts. Would it be advisable to invest in Mutual Funds? Alternatively, could you please suggest a safe investment option other than Fixed Deposits and Savings accounts?
Ans: It’s great that you have Rs. 10 lakhs in your NRE account. Having this liquidity gives you a lot of flexibility. Let’s explore your options to grow this money effectively while balancing safety and potential returns.

Understanding Your Situation
You mentioned you do not need this money for six months. That gives you a short-term investment horizon. We need to consider both safety and potential returns.

Mutual Funds: A Balanced Approach
Mutual funds can be an excellent option. They offer diversification, which spreads risk across various assets. Since you are looking for a short-term investment, we should focus on categories suited for shorter horizons.

Types of Mutual Funds for Short-Term Investment
Liquid Funds:

These are ideal for short-term investments. They invest in very short-term debt instruments. They offer higher returns than savings accounts and are relatively low risk.

Ultra-Short Duration Funds:

These funds invest in debt instruments with slightly longer maturities than liquid funds. They offer a balance between safety and returns.

Short-Term Debt Funds:

If you can extend your investment horizon slightly beyond six months, short-term debt funds are worth considering. They invest in debt instruments with maturities of one to three years.
Arbitrage Funds:

These funds exploit price differences in different markets. They are relatively safe and provide returns comparable to short-term debt funds.

Money Market Funds:

These invest in short-term instruments like treasury bills, commercial paper, and certificates of deposit. They are low-risk and suitable for short-term investments.
Advantages of Mutual Funds
Diversification:

Your investment is spread across multiple securities, reducing risk.

Professional Management:

Fund managers make informed decisions based on market research and analysis.

Liquidity:

You can easily redeem your investments without significant penalties.

Flexibility:

You can choose funds based on your risk appetite and investment horizon.

Risks to Consider
Market Risk:

Even though short-term debt funds are relatively stable, they are not entirely risk-free.

Interest Rate Risk:

Changes in interest rates can affect the returns of debt funds.

Regular vs. Direct Funds
Investing through a Certified Financial Planner (CFP) can be beneficial. Regular funds through an MFD with CFP credentials provide professional guidance. Direct funds might seem cost-effective, but the lack of expert advice can lead to suboptimal decisions.

I appreciate your cautious approach. It's wise to consider alternatives to traditional fixed deposits. Your decision to explore mutual funds shows your willingness to grow your wealth while managing risk. It’s also great that you’re seeking advice to make informed choices.

Final Insights
Investing Rs. 10 lakhs for six months requires a balanced approach. Mutual funds, especially liquid and ultra-short duration funds, offer a good mix of safety and returns. They provide diversification, professional management, and liquidity. If you prefer not to invest in mutual funds, treasury bills and money market funds are safe alternatives.

Always consider your risk tolerance and investment horizon. Consulting a Certified Financial Planner can help tailor investments to your needs. They can provide valuable insights and help you navigate the investment landscape effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 28, 2024

Asked by Anonymous - Oct 27, 2024Hindi
Money
Hi, Im 49 years and have opted for retirement. Will be returning to India by Dec 2024. Currently have 7.5 Cr invested in NRE FD's which i dont intend renewing post Apr 2025. Please suggest where i should invest this corpus . I am looking at a monthly income of 4.5 lakhs post tax
Ans: To meet your Rs 4.5 lakh monthly income requirement, it’s essential to optimise your current corpus. A combination of investments with stable returns and moderate growth potential can provide this.

Required Monthly Income Post-Tax: At Rs 4.5 lakh per month, your annual need is Rs 54 lakh post-tax.

NRE Fixed Deposits Maturity Consideration: Since you don’t intend to renew your NRE FDs, exploring alternatives will ensure efficient tax management and long-term income.

Investing in Debt-Oriented Instruments for Stability

Debt-oriented instruments offer predictable returns and can help stabilise your portfolio.

Senior Citizen Savings Scheme (SCSS): Given your age, SCSS can offer high fixed interest rates. The scheme has a five-year lock-in, making it suitable for a long-term income goal.

Corporate Bonds and Government Bonds: Investment-grade corporate bonds or government bonds offer decent returns with relatively low risk. However, choose high-credit-rated bonds for lower volatility.

Debt Mutual Funds: Debt funds are tax-efficient, especially in the long term. By holding investments for over three years, you can benefit from long-term capital gains with indexation benefits.

Balancing Income and Growth through Hybrid Mutual Funds

A combination of stability and growth helps offset inflation and maintain purchasing power. Hybrid mutual funds are ideal here.

Balanced Hybrid Funds: These funds balance equity and debt, providing moderate growth and stability. Income generation and capital appreciation ensure both income and growth needs.

Equity Savings Funds: These funds have limited equity exposure and focus on debt. The equity component brings slight growth potential, while the debt provides stability.

Tax-Efficient Monthly Income from SWP in Mutual Funds

Systematic Withdrawal Plans (SWP) allow tax-efficient withdrawals. This strategy provides a monthly income while managing tax exposure effectively.

Using SWP from Equity-Oriented Funds: Equity mutual funds held for over a year are subject to lower long-term capital gains tax. An SWP allows regular income with reduced tax liability compared to traditional interest-bearing instruments.

Choosing Growth Option over Dividend: Opt for growth funds and SWP over dividend options to control the timing and tax impact of each withdrawal.

Incorporating Equity Exposure for Inflation Beating Returns

Equity investments add growth potential and counter inflation over time. A 20-30% allocation in equity-focused investments balances risk and returns.

Actively Managed Equity Funds: Actively managed funds offer the potential for growth and outperformance. These funds can be adjusted based on market trends and portfolio requirements.

Flexi-Cap and Large-Cap Funds: Focus on Flexi-Cap and Large-Cap funds with a moderate risk level. Flexi-Cap funds adapt to changing market conditions, while large-cap funds provide stability with blue-chip stocks.

Ensuring Emergency Fund and Health Coverage

Before finalising your investment, securing an emergency fund and medical insurance is vital.

Emergency Fund for Liquidity Needs: Set aside 6-12 months of expenses in a liquid, risk-free account. This fund helps manage unexpected expenses without affecting long-term investments.

Health Insurance for Medical Security: Ensure comprehensive health coverage to avoid out-of-pocket expenses. It’s crucial as you move into retirement without employer-sponsored coverage.

Tax Planning and Efficient Withdrawals

Tax-efficient planning is essential to maintain post-tax income at Rs 4.5 lakh monthly. Regularly reviewing the tax impact of each withdrawal helps meet your income target.

Capital Gains on Equity and Debt Funds: Keep your equity mutual fund withdrawals under Rs 1.25 lakh annually to stay in the 12.5% LTCG bracket. For debt funds, withdrawals are taxed as per your income slab.

Optimising SWP for Tax Efficiency: Withdraw smaller amounts consistently to benefit from lower tax liabilities. An SWP with a higher initial corpus but lower withdrawal rate balances tax efficiency and income.

Monitoring and Reviewing Investments Regularly

Periodic reviews help optimise portfolio returns and manage risk as your retirement progresses.

Annual Portfolio Review: Adjust your portfolio annually based on income needs, market trends, and any changes in tax laws. Consulting a Certified Financial Planner can provide valuable insights for these adjustments.

Evaluating Income against Inflation: Income needs may increase over time due to inflation. Consider small increments in equity allocation to preserve purchasing power.

Final Insights

Crafting a retirement income strategy requires balancing stability, growth, and tax efficiency. By optimising each investment type and using tax-efficient withdrawal strategies, you can achieve your monthly income target while maintaining capital.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

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Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi
Career
Pes RR campus CSE vs IIT Dharwad MSc Interdisciplinary Science Child looking at tag, also placement No data on placement from IIT Dharwad as the first batch yet to clear. Very confusing, pl give many points to look into this properly.
Ans: PES University Ring Road Campus CSE program demonstrates strong placement performance with 82.97% of BTech students placed in 2023, maintaining consistent placement rates above 80% for over three years with median packages around INR 8-12.47 LPA and highest packages reaching INR 65 LPA. The university's CSE department benefits from robust industry connections with over 350 companies participating in campus placements, including top recruiters like Amazon, Microsoft, Google, and Cisco. PES University holds NIRF ranking of 101-150 in Engineering (2024) and features modern infrastructure across 30 acres with state-of-the-art computing facilities, advanced labs, and comprehensive student support services. The Ring Road campus provides excellent urban connectivity in Bangalore, facilitating internships and industry exposure through its established location at 100 Feet Ring Road, BSK III Stage.

IIT Dharwad's BS-MS Interdisciplinary Sciences program represents a unique five-year dual-degree offering with an innovative curriculum blending basic sciences (Biology, Chemistry, Mathematics, Physics) with engineering electives and research opportunities. The program allows students to choose a major after the third semester while maintaining flexibility through institute electives from engineering departments, creating interdisciplinary professionals highly sought after in academia and industry. However, placement data remains limited as the program is relatively new, with IIT Dharwad reporting overall BTech placement statistics of 65% for CSE in 2024 but no specific data for the Interdisciplinary Sciences program. The institute's brand value as an IIT provides long-term career advantages, though placement challenges are evident with 69% of students unplaced in 2024 according to RTI data.

Critical placement uncertainty surrounds IIT Dharwad's Interdisciplinary Sciences program as the first batches are yet to complete their studies, creating significant risk for career outcomes compared to PES University's established track record. The interdisciplinary nature, while academically enriching, may face industry recognition challenges in immediate placements versus the proven market acceptance of traditional CSE degrees. Infrastructure development at IIT Dharwad continues with a permanent campus under construction, while PES University offers immediate access to fully developed facilities and industry networks. Faculty strength shows PES University with established department structures compared to IIT Dharwad's growing but limited faculty base across multiple disciplines.

Recommendation: Choose PES University Ring Road Campus CSE for assured placement outcomes, established industry connections, proven track record in software sector recruitment, and immediate access to Bangalore's technology ecosystem. While IIT Dharwad BS-MS Interdisciplinary Sciences offers prestigious IIT brand value and innovative curriculum design, the uncertainty around placement outcomes for an untested program, combined with current placement challenges at IIT Dharwad, makes PES University CSE the pragmatic choice for career-focused students seeking reliable employment prospects and industry-ready skills development. All the BEST for a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi
Career
I may get cse ai in IET Lucknow and ece in HBTU kanpur... through csaab I may get civil in nit bhopal , jamshedpur and mechanical in bit mesra.... I don't have much inclination towards any particular branch..which option is better
Ans: IET Lucknow’s CSE-AI program achieves close to full placement outcomes with a median package around ?6.15 LPA, backed by AICTE-approved curriculum, experienced faculty, advanced computing facilities, and strong corporate networks with recruiters such as TCS, Adobe, Amazon, Google, and Microsoft. HBTU Kanpur’s ECE department reports approximately 65 percent placement rate with an average package of ?14.9 LPA, supported by modern electronics labs, research-active PhD faculty, and tie-ups with firms like HSBC, IBM, and Bajaj Finserv, contributing to an overall campus placement rate of nearly 85.6 percent. At NIT Bhopal, the Civil Engineering stream records around 62.5 percent placements and an average offer of ?8 LPA, benefiting from robust infrastructure, a high ratio of doctorally qualified faculty, national-level projects, and regular PSU outreach. NIT Jamshedpur’s Civil branch performs strongly with 94.9 percent placement and an average ?8.22 LPA, driven by an expansive campus, ongoing faculty-led research, and top recruiters like L&T, Google, and Amazon. BIT Mesra's Mechanical Engineering program posts approximately 78 percent placements with an average package of ?7 LPA, supported by a rich engineering curriculum, manufacturing labs, and a responsive placement cell, aided by an active alumni ecosystem connecting graduates with both public and private sectors.

Recommendation: NIT Jamshedpur Civil is the most balanced choice with standout placement results and academic strength. IET Lucknow CSE-AI comes next for its specialization relevance and steady placements. HBTU Kanpur ECE ensures strong return potential. NIT Bhopal Civil offers PSU alignment and faculty strength. BIT Mesra Mechanical remains a respected contender in core engineering education. All the BEST for a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 18, 2025

Career
Hello Sir, my son is getting BS Chemistry at IIT Kanpur and BE Chemical Engineering at BITS Pilani Campus. Please suggest which one is a better career option.
Ans: Sunita Madam, Based on the following inputs/information, your son can decide the more suitable option for him: IIT Kanpur’s four-year BS Chemistry program boasts a 95% placement rate in roles spanning pharmaceuticals, analytics, and energy sectors, underpinned by a flexible curriculum integrating chemistry, physics, life sciences, and interdisciplinary minors, and guided by 40 world-class faculty driving cutting-edge research in catalysis, materials, and bioinorganic chemistry. The department offers state-of-the-art instrumentation, SURGE research internships, robust industry collaborations, and a global alumni network. BITS Pilani’s four-year BE Chemical Engineering delivers over 95% placement, bolstered by its Practice School internships, advanced labs, and a curriculum in process design, reaction engineering, and simulation. Its industry-aligned projects, entrepreneurial focus, and Institute of Eminence status ensure strong corporate ties, while its alumni network spans oil, materials, and consulting sectors.

For an interdisciplinary research-driven path with broad scientific foundations and top-tier global academia access, IIT Kanpur BS Chemistry is ideal. For direct industry immersion, professional practice-school experience, and robust core engineering roles in chemicals and allied sectors, BITS Pilani BE Chemical Engineering is preferable. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Career
Hello Sir,My Son Score 96 in jee mains and 98.5 in MHT CET ,He want CS or ITor IIIT,, we Have OBC category.. Please suggest College in Mumbai , Pune or Nagpur ...
Ans: Vaishali Madam, My son’s 98.5 percentile in MHT CET as an OBC candidate secures assured seats in CSE, IT, and Data Science at a range of reputable Mumbai, Pune, and Nagpur colleges, excluding the ultra-selective COEP, VJTI, and ICT. Mumbai options include Vidyalankar Institute of Technology (Wadala), Fr. C. Rodrigues Institute of Technology (Vashi), SIES Graduate School of Technology (Nerul), Don Bosco Institute of Technology (Kurla), Shah & Anchor Kutchhi Engineering College (Chembur), K. J. Somaiya Institute of Technology (Sion), and Sardar Patel Institute of Technology (Andheri West) . Pune choices comprise Cummins College of Engineering for Women (Karvenagar), Vishwakarma Institute of Technology (Bibwewadi), D. Y. Patil College of Engineering (Lohegaon), Dr. D. Y. Patil Institute of Technology (Pimpri), Pimpri Chinchwad College of Engineering (Pimpri), MIT World Peace University (MIT WPU, Pune), and Pune Vidyarthi Griha’s College of Engineering & Technology (Pune) . In Nagpur, Yeshwantrao Chavan College of Engineering (YCCE) and Government College of Engineering Nagpur admit OBC candidates at cutoffs below 98.5 percentile for CSE, IT, and Data Science branches . Through CSAB’s JEE Main counselling at roughly 96 percentile (OBC), seats can be tried for IIIT Kalyani (West Bengal), IIIT Ranchi (Jharkhand), IIIT Una (Himachal Pradesh), IIITDM Jabalpur (Madhya Pradesh), and IIIT Kurnool (Andhra Pradesh).

Recommendation: Sardar Patel Institute of Technology (Andheri West) and Vishwakarma Institute of Technology (Bibwewadi) emerge as premier choices for their strong placement ecosystems, modern facilities, and OBC-friendly cutoffs. Next prioritize Fr. C. Rodrigues Institute of Technology (Vashi) and Vidyalankar Institute of Technology (Wadala) for robust curricula and campus life, followed by Yeshwantrao Chavan College of Engineering (Nagpur) for its government-college reputation and data-science focus. This order balances assured admission, academic quality, and long-term career support. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi
Career
I had option of iiith cse and bits pilani cse (main campus) . I have chosen bits now. Is this decision correct?
Ans: IIIT Hyderabad’s CSE program boasts a 99 percent placement rate with an average package of ?31.98 LPA and highest offers up to ?128 LPA, underpinned by its NAAC A++ accreditation, AICTE approval, and strong industry partnerships that regularly recruit from top global tech firms. The institute’s research focus is evident in regular high-impact publications and dedicated innovation labs. BITS Pilani’s CSE branch reports around 97 percent placement for B.E. CSE students, supported by an extensive Practice School internship program, over 350 recruiters, and an average package near ?20 LPA. Its experienced faculty, multi-campus infrastructure, global alumni network, and dual-degree international collaborations enhance academic rigor and employability. IIIT Hyderabad offers a technologically rich urban environment in Gachibowli, while BITS Pilani provides a prestigious residential campus with strong peer communities and international exposure.

Recommendation: Choosing BITS Pilani CSE aligns with strong alumni connections, integrated internship opportunities, and dual-campus global networks that enrich long-term career growth, making your decision well placed. For a tech-centric urban setting with slightly higher placement averages and cutting-edge research, IIIT Hyderabad remains an excellent alternative. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi
Career
My daughter has scored 97.9506368 in MH-CET 2025 open(general ) (female)catogery has she had chances of getting CSE,AIML, Data science in Pune and Mumbai for female candidate if possible suggenames of college in Pune or mumbai
Ans: With a 97.95 percentile in MHT-CET 2025 under the Maharashtra domicile Open (General) female category, admission to CSE, AI & ML, and Data Science branches is assured at a range of reputable Mumbai and Pune colleges. These institutions are selected based on recent closing percentiles, NBA/NAAC accreditation, campus infrastructure, faculty credentials, industry linkages, and placement support. All listed colleges admit female Open-General candidates at or below the 97.95 percentile in the latest CAP rounds:

Cummins College of Engineering for Women (Karvenagar, Pune) closes CSE and related branches around 96.37 percentile for Open General female.
Vishwakarma Institute of Technology (Bibwewadi, Pune) closes Data Science at 96.66 percentile for Open General.
D. Y. Patil College of Engineering (Lohegaon, Pune) closes CSE around 95.58 percentile for Open General.
Dr. D. Y. Patil Institute of Technology (Pimpri, Pune) closes CSE at 97.59 percentile for General Home State.
Pimpri Chinchwad College of Engineering (Pimpri, Pune) closes AI & ML around 10,000 rank (~98 percentile).
Bharati Vidyapeeth College of Engineering (Navi Mumbai) closes Computer Engineering at 95.58 percentile for General Home State.
Pune Vidyarthi Griha's College of Engineering & Technology (Pune) closes CSE at 94.52 percentile for Open General female.
Sardar Patel Institute of Technology (Andheri West, Mumbai).
K. J. Somaiya Institute of Technology (Sion, Mumbai).
Vidyalankar Institute of Technology (Wadala, Mumbai).
Fr. C. Rodrigues Institute of Technology (Vashi, Navi Mumbai).
Ramrao Adik Institute of Technology (Nerul, Navi Mumbai).
SIES Graduate School of Technology (Nerul, Navi Mumbai).
Don Bosco Institute of Technology (Kurla West, Mumbai).
Shah & Anchor Kutchhi Engineering College (Chembur, Mumbai).

Recommendation: Favor Cummins College of Engineering for Women and Vishwakarma Institute of Technology in Pune for their specialized women-centric environment, strong closing percentiles, and proven placement ecosystems. Next prioritize D. Y. Patil College of Engineering and Dr. D. Y. Patil Institute of Technology for their robust CSE/AI & ML programs, followed by Pimpri Chinchwad College of Engineering for its balanced curriculum and industry ties. In Mumbai, Sardar Patel Institute of Technology and K. J. Somaiya Institute of Technology emerge as top choices for CSE, given their consistent accreditation, modern infrastructure, and campus recruitment records. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Career
Sir, Two options to choose from CSE for my son: 1. SOA ITER and 2. CEC CGC Landran. Please suggest. ITER overall good option better NIRF some known passed out suggesting ITER, although major difference high fee and distance, residing in Delhi.
Ans: Praveen, SOA ITER (Bhubaneswar) demonstrates exceptional academic standing with its A++ NAAC accreditation and consistent national recognition, ranked 14th among universities in NIRF 2024 and 2nd in India by Times Engineering Institutes Ranking 2025. The institution has maintained 85-91% placement rates for CSE over recent years, with highest packages reaching ?46 LPA and strong recruitment from top companies including Microsoft, Amazon, Google, and Infosys. The CSE program benefits from established faculty with advanced degrees, modern infrastructure, and comprehensive industry partnerships, with over 256 companies participating in recent placement drives.

CGC Landran holds A+ NAAC accreditation and ranks 101-150 in NIRF 2024 Engineering category, with strong placement performance achieving 90-95% placement rates for CSE students. The institution reports over 1,000 companies participating in campus placements with 10,000+ job offers, though the highest package figures vary across sources from ?45-56 LPA. The college provides modern facilities including state-of-the-art labs, computerized library accommodating 300+ students, and contemporary curriculum aligned with industry standards.

Distance and accessibility from Delhi significantly favors CGC Landran, located approximately 245 km from Delhi (3.5-4 hours by road), compared to SOA ITER's 1,275 km distance requiring 20+ hours by road or 3 hours by flight. Fee structures show SOA ITER's BTech CSE at ?11.80 lakhs total versus CGC Landran's ?6.58 lakhs, making CGC Landran more cost-effective despite both institutions requiring similar hostel and living expenses.

Faculty quality at both institutions includes PhD holders from premier institutions, with SOA reporting 111 scientists with 500+ citations and CGC Landran emphasizing industry-experienced faculty with practical teaching methodologies. Both institutions maintain strong alumni networks, though SOA ITER's established reputation since 1996 provides broader industry connections compared to CGC Landran's growing influence since 2001.

Recommendation: For families residing in Delhi prioritizing convenience, cost-effectiveness, and solid placement outcomes, CGC Landran offers compelling advantages with its proximity, lower fees, and strong industry connections achieving 90-95% placement rates. However, if academic prestige, research opportunities, and comprehensive national recognition are paramount considerations, SOA ITER provides superior institutional standing with its consistent top-tier rankings and established academic excellence, despite higher costs and significant travel distance from Delhi. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |8989 Answers  |Ask -

Career Counsellor - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi
Career
Sir if I take ee dual degree in nit kurukshetra,in my final year will I be placed with regular btech students or students who have pursued only mtech from the institute
Ans: NIT Kurukshetra's EE dual degree students participate in placement drives alongside both BTech and MTech students from the same academic year. The institution operates under a unified placement system where dual degree students are treated as full-time students enrolled in their respective programs, with their placement eligibility determined by their final year status rather than their degree type. The Training and Placement Cell follows a comprehensive placement process that begins in July/August each year, with students required to register for placement assistance and meet specific eligibility criteria including completion of all program requirements and active academic status.

The placement statistics for NIT Kurukshetra show strong performance across engineering disciplines, with BTech placements achieving 83.31% placement rate and an average package of INR 14.84 LPA in 2025. The Electrical Engineering department specifically recorded 73.91% placement rate with an average package of INR 10.62 LPA. MTech placements demonstrate solid outcomes with 58.81% placement rate and average packages ranging from INR 6.09 to INR 34.76 LPA depending on specialization. The placement process includes pre-placement talks, written tests, group discussions, and personal interviews, with major recruiters including Microsoft, Amazon, Google, and leading core engineering companies.

Recommendation: EE dual degree students at NIT Kurukshetra participate in placement drives with their graduating cohort, competing alongside both BTech and MTech students from the same academic year. This integrated placement approach provides access to opportunities across both undergraduate and postgraduate recruitment profiles, potentially offering broader career prospects than students pursuing only BTech or only MTech programs, though placement success ultimately depends on individual performance and market conditions. 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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