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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Sep 07, 2020

Mutual Fund Expert... more
JOMY Question by JOMY on Sep 07, 2020Hindi
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I would like start a SIP for 12 years on a good hybrid fund... After conducting my own studies, I shortlisted. 

ICICI Prudential Balanced Advantage Fund & HDFC balanced advantage Fund. I can afford only Rs 5000 as monthly amount for SIP. The purpose of this SIP is for my son's education after 15 years. Will you give me an investment suggestion?

Do I need to invest in ICICI Prudential Balanced advantage fund or in Hdfc balanced advantage fund? Which is the best in your opinion? Or do I need to invest in both with rs 2500 in each fund?

Or can you suggest any other moderately secure funds for this tenure..expecting your reply...please help me by suggesting an investment strategy...

Ans:
Name of the Fund Category Recommendations
Jomy Joseph    
ICICI Prudential Balanced Advantage Fund Hybrid - Balanced Advantage Continue
HDFC balanced advantage Fund Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
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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I am 42yo and started SIP a year ago. My current SIPs (all Direct-G) 1) Mirae Asset ELSS (2000), 2) Quant ELSS (2000), 3) Canara Robeco ELSS (2000), 4) PPFAS ELSS (1500), 5) Nippon Multicap (1500),6) Quant Smallcap (3500), 7) PGIM Midcap (1000), 8) Quant Flexicap (2000), 9) Quant BFSI (5000). Altogether, my monthly SIP amounts to Rs. 20500. Additionally I am contributing 4000/m in NPS. I have a term plan of 25 Lakh, Health Insurance of 25 Lakh, Life Insurance of 6 lakhs. I have an EPF balance of 2 lakhs and contributing. Pls review my SIP portfolio and suggest. I want to stepup my SIP 10% annually. I have a investment horizon of 10 yrs for daughters education and 15 yrs horizon for retirement corpus. I am OK with High Risk considering 10 & 15 yrs horizon. Please suggest funds for an aggressive portfolio to accumulate 1 cr in 10 yrs.
Ans: Your current SIP portfolio seems well-diversified, but you may consider some adjustments to align with your goals and risk appetite. Given your long-term horizon and willingness to take high risk, you can consider the following suggestions:

Increase Allocation to Equity: Since you have a higher risk tolerance, you may consider increasing your allocation to equity funds, especially small-cap and mid-cap funds, which have the potential for higher returns over the long term.

Review ELSS Funds: While ELSS funds offer tax benefits, ensure you're comfortable with the lock-in period. You may want to diversify across different categories within equity funds for better risk management.

Evaluate NPS Contribution: Assess the performance and suitability of NPS vis-a-vis other retirement-focused investment options like equity mutual funds, considering your risk appetite and return expectations.

Regularly Review and Rebalance: Given your investment horizon, regularly review your portfolio's performance and make adjustments as necessary. Consider rebalancing your portfolio annually to maintain the desired asset allocation.

Consider Professional Advice: Given the complexity of investment decisions and tax implications, consider seeking advice from a certified financial planner who can provide personalized recommendations based on your financial goals, risk tolerance, and investment horizon.

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Nayagam P

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Career Counsellor - Answered on Jul 28, 2025

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Sir i am getting BIT bangalore AI and ML in my first round counselling of Comedk..should i accept and freeze it or accept and upgrade it ??...moreover is BIT bangalore good for the above said branch ??
Ans: Aryan, you have not mentioned your COMEDK Rank. Anyway, please note, Bangalore Institute of Technology (BIT) began its B.E. in Artificial Intelligence and Machine Learning (AI & ML) in the 2022–23 academic year, offering 60 seats annually under the full-time program. The institute is NAAC A+ accredited and known for solid industry connections, with its campus centrally located in Bengaluru's tech hub. Infrastructure for AI & ML is robust, benefiting from significant investment in modern labs and digital resources. Placements at BIT are consistent, with core branches seeing rates over 80% and some reports indicating placement percentages close to 95% for eligible students across disciplines in recent years. While specific placement data for the newest AI & ML batch is not yet available due to the branch's recent inception, the overall trend in BIT’s campus recruitment is promising, featuring top recruiters in tech and product companies. Faculty in the AI & ML department are experienced, but student feedback describes them as average and recommends supplementing classroom learning with self-driven projects and online certifications to remain industry-relevant. Hostel capacity may not suffice for all students; most opt for PG accommodations nearby. The flexible curriculum allows students independence to learn beyond classwork, and the academic environment reduces excessive pressure, making it accessible to maintain a good CGPA.

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Given BIT’s reputation, recent investments in AI & ML infrastructure, high general placement rates, and strategic industry location, you can confidently accept and freeze your seat if you prefer security and stability. Accept with upgrade only if you are seeking even higher-ranked institutes. For committed learners, BIT AI & ML is a sound option aligning with future tech trends. All the BEST for a Prosperous Future!

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Career Counsellor - Answered on Jul 28, 2025

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Sir I got Dr Ambedkar institute of technology bangalore mechanical branch should I join it or take a drop?
Ans: Dr Ambedkar Institute of Technology Bangalore offers a well-recognized Mechanical Engineering program, accredited by NAAC and known for its government-aided status and experienced faculty—25–30% of whom hold doctorates from IITs and NITs. The college maintains a student-friendly campus with modern labs, digital libraries, robust hostel infrastructure, and Wi-Fi-enabled spaces. Placement rates for the mechanical branch fluctuate between 75–80% in recent years, with recruiters like Toyota, Bosch, and TCS participating. Faculty are widely regarded as supportive and knowledgeable, though some reviews mention limited research exposure and average practical applications. The academic environment is stable, with autonomous examination standards, frequent internships, and industry-linked projects, but students note that placements can be more competitive for core mechanical jobs compared to other engineering branches.

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If you value a strong peer group, established academic processes, and a conducive learning environment, Dr Ambedkar Institute of Technology’s mechanical branch is a prudent choice. Opt for this institute unless you have a clear plan to achieve a much higher-ranked program or preferred branch after a drop year, as the institution offers solid career prospects and industry acceptance. All the BEST for a Prosperous Future!

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