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Ans: Yes

Ans: Hello;

My view is that you may replace midcap fund with large and midcap fund.

Also small cap fund may be replaced with multicap fund.

Your intent to step up sip every year is a positive thing. Minimum 7-10% of sip step up should be targeted.

Your target with the step up sip for 20 years seems quite achievable.

Good to note your commitment to PPF and SSY investments.

For your kid you may make sip into a single aggressive hybrid fund.

Best wishes;
X: @mars_invest

Ans: Hello Tanmay.
Nothing is mentioned by you about your qualifications or company profile. Only it is clear that you left the HR job, remained jobless for 4 years, and joined to new startup, but not satisfied there also, and are again interested in joining the previous HR job.
Dear, it would be better for you to join the HR job again. Working in an administration job requires specialized skills which I think you might be lagging. According to your qualifications, it would be better to join some online/offline courses which are helpful to your present job conditions and also useful if you decide to change the job in the future. As I do not know your educational qualifications, it is difficult for me to suggest you properly. For proper counseling/suggestion, please tell us your educational qualification, extracurricular activities, and computer knowledge if any.

If satisfied, pl like and follow.
If unsatisfied, pl ask again without any hesitation.
Thanks
Radheshyam

Ans: With an 85 percentile in JEE Mains, candidates have a good chance of getting into several reputable colleges for engineering. Some of the colleges to consider are the NITs and GFTIs (Government Funded Technical Institutes). Branch is upto your daughter's choice. Professor................:)

Ans: You cannot apply for a B.Tech CS at Symbiosis Pune without a JEE Main rank; while applying for a B.Tech program at Symbiosis Institute of Technology (SIT) Pune, you need to either have a JEE Main score or a score from another recognized state-level engineering entrance exam like MHT CET, as they accept scores from these exams for admission consideration. A good score is preferred because Symbiosis is a reputed institute. Best of luck. Professor..........:)

Ans: Have some good certificate course in AI & ML and try for job. There is a big gap. You must be tuned with the present trend. Best of luck. Professor.................:)

Ans: Govt. job is not certain.So don't leave your present IT job. Prepare parallelly. Best of luck. Professor...............:)

Ans: if your holding is more than 5yrs then good time to invest

Ans: I'm sorry for your loss. You're facing a complex financial and legal situation, but there are steps you can take to protect yourself and your son.

Understanding Your Liability for the Car Loan
Since the car loan was taken in your husband's name, the legal responsibility primarily lies with his estate.
The loan guarantor (your brother-in-law) also has a legal obligation to repay the loan if the primary borrower (your husband) is unable to.
You are not automatically responsible for repaying the loan unless you were a co-borrower or guarantor.
Since you and your son have not inherited any assets from your husband, you are not legally bound to pay the loan from your own money.
Role of the Bank in Loan Recovery
The bank can recover the outstanding loan amount from the assets of your husband.
If your husband did not leave behind any assets, the bank cannot force you to pay from your own earnings.
The bank has the right to seize the car and auction it to recover the outstanding amount.
If the car is with your brother-in-law, the bank should deal with him directly, as he was the loan guarantor.
What You Can Do Next
1. Communicate with the Bank in Writing
Write a formal letter to the bank explaining the situation.
Clearly state that:
You were not aware of the loan.
The car is not in your possession.
You have not inherited any assets from your husband.
The loan guarantor (your brother-in-law) should be held responsible.
Send this letter through registered post or email and keep a copy for future reference.
2. Ask the Bank to Repossess the Car
Since the car is on loan, the bank has the right to seize it.
Inform the bank that the car is with your brother-in-law and ask them to recover it from him.
If the bank refuses, remind them that it is their responsibility to recover the asset.
3. Do Not Sign Any Loan-Related Documents
The bank may try to make you sign documents making you liable for the loan.
Do not sign anything without consulting a lawyer.
4. Legal Action Against Your Brother-in-Law
If your brother-in-law refuses to return the car, you can file a police complaint.
The car is not legally his until the loan is fully repaid.
Mention in your complaint that the bank is asking you to repay a loan for a car that is not with you.
Role of Car Insurance in This Situation
Since the car was in an accident before your husband’s passing, the insurance claim should be processed.
If your brother-in-law has already claimed the insurance money, he should use it to repay the loan.
If no claim has been made, check with the insurance company and ensure that the rightful person (the bank) receives the amount.
Protecting Your Financial Future
1. Ensure Financial Independence
You are managing household expenses with your salary.
Create a budget to keep track of your income and spending.
If possible, try to save a small amount each month for emergencies.
2. Check for Any Unclaimed Assets
Check if your husband had any bank accounts, life insurance, or investments.
Contact his employer to check for any pending salary, gratuity, or provident fund.
If he had any LIC or other insurance policies, file claims to receive the benefits.
3. Secure Your Son’s Future
Ensure your son's education and other financial needs are planned.
If you receive any funds (insurance, savings, or benefits from your husband’s employment), invest them wisely.
Dealing with Bank Harassment
If the bank continues to pressure you, escalate the issue to higher authorities within the bank.
File a complaint with the Banking Ombudsman if necessary.
Seek legal advice if the harassment does not stop.
Final Insights
You are not legally responsible for your husband's loan unless you are a co-borrower.
The bank should recover the car from your brother-in-law instead of forcing you to pay.
Do not sign any documents without legal advice.
Take legal action if your brother-in-law refuses to return the car.
Secure your and your son’s financial future by checking for any unclaimed assets and planning wisely.
If you need further assistance, consider consulting a lawyer for legal guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in

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