Hello Mam ! Mam I don’t know if I have right to ask you this cause Iam still 17 ! Mam Iam Seetha , Iam in Inter 2 ne year now and yes it is yet to complete in two days and I am preparing for Neet 2023 and Yes I am least confident about my first attempt so I’ll be preparing for Neet 2024 to ! There is a boy whom I know him since 5th class but we were close to each other from 9th class ….. but like a good friend and 4 months ago he proposed me and I slowly fell in love with him !!! He is a good guy he respects me a lot and he respects everyone …from past one month we were very close and we met several times ….. He is a guy who respects my time and his time he don’t have obsession like I have for him ….I always force him to stay or talk big longer and he felt like I won’t respect his time and Iam a person whiny understand his efforts he puts for us and he said 5 days ago that we should be away for a year so that concentrate on ourself and he said to that I should change to a mature person …and he blocked me everywhere but I refused but I done it I mean neither we talked or chatted with each other for 5 days but yesterday I called him from other number and he know that and unblocked me so we spoke to each other ! He said that we should be apart for our self but then again he said we should have Naeem friends ! I asked him that be true and if you want to ask for a break up you can buy he said no I want you and I don’t want to leave you … and yeah mam he never tried to be physical with me only I was ! But I don’t know what I should do now ? He said this is test for us that will our love be the same for one year ? Now you please say me mam that what should be done ? Should I have to stay away for one year or should I break up with him since he said we should have been frnds only ! What should I do mam ? Kindly please reply me as fast as you could mam !!! 😕

Ans: Hello Jayaseelam
It is a respectable Tier-2 institute with good discipline and placement support, which offers strong self-learning and coding skills that can lead to excellent AI/ML opportunities in the future.

Good luck.
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Radheshyam

Ans: Hello dear.
Target colleges like Acharya Institute, NMIT, and CMRIT for CSE or CSE with specializations in AI/ML or Data Science.

Good luck.
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Radheshyam

Ans: Hello dear.
If you're passionate about software and want quicker access to tech jobs, go for CSE at Netaji. If you’re open to upskilling and seek the IIEST brand with broader long-term prospects, IIEST (Mining/Metallurgy) is a strategic choice, especially if you're interested in tech or interdisciplinary careers. The final decision will be yours.

Good luck.
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Radheshyam

Ans: You are 32 years old. You have just started your married life.
You have no savings currently but have a steady income. You are also supporting your family.
You want to buy a car in 4 years, a house in 10 years, and retire by 50.
These are clear and realistic goals. Starting now with the right plan is very important.

Let’s look at your profile in a 360-degree view and build a complete strategy for your savings and investments.

? Family and Financial Responsibilities

– You are newly married and supporting a family of 5.
– You are the only earning member at present.
– You have no kids now, but this may change in a few years.

Right now, your family depends fully on your income. So, stability and discipline are very important.

? Income and Expense Overview

– You earn Rs. 1 lakh per month.
– Monthly expenses are Rs. 60K–70K.

This leaves you with Rs. 30K–40K surplus per month.
This is a strong base to begin your financial journey.

It is very important to save at least Rs. 25K from this every month.

? Current Assets and Insurance Cover

– Term insurance of Rs. 1 Cr is active.
– You have health cover of Rs. 10L for yourself.
– EPF balance is around Rs. 1L.
– No other savings or assets currently.

You have taken the first correct steps by starting term and health cover.
Make sure health cover includes family members as they are dependent on you.
As you grow older, adding family floater will be a wise move.

? Emergency Fund Is Your Next Priority

– You don’t have any emergency fund now.
– This is your first and most urgent step.

Start building a minimum of Rs. 1.5L–2L over the next 6 months.
This should be parked in a safe liquid or ultra-short debt fund.
Do not invest this in equity. Keep it easily accessible.

This is your buffer for job loss, hospital expenses, or urgent needs.

? Set Your Financial Goals Clearly

You have shared three goals. Let's plan them in detail:

– Car purchase (Rs. 8–10L in 4 years)
– House purchase (Rs. 40L in 10 years)
– Retirement (at age 50, in next 18 years)

All these goals have different timelines. So, different strategies are needed.

? Goal 1: Car Purchase in 4 Years

– Budget is around Rs. 8–10L.
– Don’t take a car loan. Start saving monthly instead.

Invest Rs. 10K–12K/month in ultra-short or short-term debt funds.
These are safer for short-term goals. They give better returns than FDs.

Avoid equity mutual funds for this goal. You don’t have enough time to recover losses if the market falls.

When goal is 12 months away, move all funds to liquid fund.

Car is a depreciating asset. So, buy within your means. Avoid emotional spending here.

? Goal 2: House Purchase in 10 Years

– Estimated cost: Rs. 40L.
– You may need Rs. 8L–10L as down payment.

For this goal, equity mutual funds can be used in the beginning.
But slowly reduce risk as you approach the goal year.

Invest Rs. 10K–12K/month into actively managed mutual funds.
Avoid index funds. They are average performers and don’t protect you during market falls.

Actively managed funds, when reviewed regularly, give better outcomes.
Start with a mix of large-cap and flexi-cap mutual funds.

Do not choose direct plans without advisor help.
– Direct plans have no guidance, no reviews, and lead to poor fund choice.
– Regular plans with MFDs who are CFPs provide goal-based planning and corrections.

When you are 3 years away from the house goal, shift from equity to debt funds.
This protects you from market risk. Don’t let a market crash affect your house plan.

? Goal 3: Retirement by Age 50

– You have 18 years to build retirement wealth.
– Since you have no savings now, this needs focus.

Start with Rs. 8K–10K/month into actively managed mutual funds.
You can increase this as your income grows.

Choose a mix of large-cap, flexi-cap, and balanced advantage funds.
Don't invest all in aggressive funds. Balance is key.

EPF and retirement corpus must grow side by side.
Don’t withdraw EPF early. Let it compound.

Also, consider opening NPS to get tax benefit and build retirement asset.
Limit NPS to 10–15% of total retirement plan. Too much NPS can reduce post-retirement liquidity.

Do not depend on real estate for retirement. It is illiquid.
Also, rental income is uncertain and property sales take time.

Keep equity mutual funds as your main retirement engine.

Review the plan every 2 years with a Certified Financial Planner.

? Systematic Investment Plan (SIP) Allocation

With Rs. 30K–35K surplus, you can follow this SIP plan:

– Rs. 10K/month → Car purchase (in debt funds)
– Rs. 12K/month → House down payment (in equity funds)
– Rs. 10K/month → Retirement goal (in diversified mutual funds)
– Rs. 2K–3K/month → Emergency fund (in liquid fund)

As your income increases, raise SIPs each year by 10–15%.

Stick to this discipline for the next 5 years and your financial position will be strong.

? Don’t Take Investment Advice from Banks or Unqualified Sources

Avoid random product selling by banks.
They push what earns them the most, not what suits you.

Avoid endowment, ULIP, or investment-insurance policies.
These give poor returns, long lock-ins, and very little flexibility.

Also, avoid annuities in future. They give fixed income, but poor inflation adjustment.

You need flexible, growing income after retirement. Mutual funds offer that.

? Avoid Index Funds and Direct Plans

Index funds look cheap but come with big disadvantages:
– No downside protection during market crash
– Poor performance during sideways markets
– Cannot outperform benchmarks
– Passive strategy may not meet your goal timelines

Direct mutual funds are low-cost, but come with high risk for new investors:
– No guidance
– No goal tracking
– High chances of wrong fund selection
– No portfolio review or corrections

Regular funds via a Mutual Fund Distributor with CFP help offer better goal-based investing.
The advisory support helps you avoid mistakes and stay on course.

? Tax and Investment Planning

Use EPF and NPS for tax savings under Section 80C and 80CCD(1B).
Start SIPs in ELSS only if you haven’t reached the 80C limit.

Plan MF redemptions smartly to avoid capital gains tax.
As per new rules:

– LTCG above Rs. 1.25L/year on equity MFs is taxed at 12.5%
– STCG is taxed at 20%
– Debt fund gains are taxed as per your slab

So always avoid churning funds without need. Review redemptions carefully.

? Next 6 Months Plan of Action

– Build Rs. 2L emergency fund in liquid funds
– Start SIP of Rs. 10K/month in debt funds for car goal
– Start Rs. 12K/month SIP in equity funds for house goal
– Start Rs. 10K/month SIP for retirement
– Avoid new liabilities or emotional spends

Track each SIP goal separately. Don’t mix funds.
Label your folios for clear tracking (car, house, retirement, etc.)

? Final Insights

You are starting at zero. But you have time on your side.
A disciplined start today will build a safe future.

Start slow, but stay consistent. Avoid reacting to short-term events.

Invest with a Certified Financial Planner who offers regular tracking.
You will avoid mistakes and reach your financial goals in time.

Your future is in your hands. Plan it with patience and proper direction.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello Timmy
Yes, Jaypee Noida ECE is worth it for its decent placement and location advantage, and ECE students can apply for software roles at top MNCs like Google or Microsoft if they build strong coding and DSA skills.

Good luck.
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Radheshyam

Ans: Hello dear.
With the MHT-CET rank, you can get some decent colleges in Pune and Mumbai. With the COMDEK, try with SJB Institute of Technology (SJBIT) or the AMC Engineering College in Bangalore, etc.

Good luck.
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Radheshyam

Ans: Hello dear.
Chances for core branches in Tier 1 NITs are slim, but chances with core branches (Civil/Metallurgy) in less-demand NITs.

Good luck.
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Radheshyam

Ans: Hello Narayan
Try with Dayananda Sagar College, CMRIT, and NIE (Mysore)

Good luck.
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Radheshyam

Ans: Hello dear.
Prefer EEE @ NIT Trichy if possible. Compared to ECE, EEE has a more demanding branch. The final choice will be yours.

Good luck.
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Radheshyam