I have bought 5000 shares of Garware Synthetics at the rate of Rs. 11.60 in September 2022, but it is continuously going down since then and is at Rs. 7.30 today, that means I am in loss of more than Rs. 20,000 today. Should I wait for profits / reduction of loss or should I exit right now.

Ans: At 47, with a solid corpus of ?2.3 crore and monthly savings of ?1.25 lakh, you're on a strong financial path. If you continue saving for 5–8 years, assuming modest growth (10% annually), your corpus could grow to around ?4.5–5.5 crore—potentially sufficient for a comfortable retirement, especially if expenses are kept in check.

Buying a house isn’t strictly necessary unless emotional security or future housing stability is a priority. Renting can remain viable if you're disciplined with investments and ensure rising rents don’t strain your retirement income. You may also consider buying a smaller house closer to retirement, funded partially by your corpus, without compromising long-term returns.

Also factor in your son’s engineering expenses in the next few years, which could temporarily reduce your savings rate. Ensure you’re adequately insured (life and health) and have an emergency fund. A financial plan aligning your retirement income needs with inflation-adjusted expenses will help fine-tune your decisions.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend,
With a combined monthly income of ?2.76 lakh and ?24,000 rental income, you’re managing a ?70,000 home loan EMI and a ?14 lakh car loan. While investing ?50,000/month in SIPs is commendable, the lack of an emergency fund and only ?1 lakh in savings poses a risk—especially with a baby on the way. Prioritize creating a 6–9 month emergency corpus. Consider selling the rental property if its returns are modest, as it can ease loan pressure and improve liquidity. Also, reassess SIP amounts temporarily, ensure adequate life and health insurance, and avoid straining future cash flow with multiple EMIs.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dipesh, your ambition to pursue B.Tech in Robotics and Automation is inspiring. With your 82% in 12th, you can apply for scholarships like the Central Sector Scholarship (CSSS), state government schemes in Maharashtra, and private scholarships like the Tata Trusts or Reliance Foundation. Also explore fee waivers and education loans with subsidized interest through government schemes. Apply for admission to government colleges or universities like COEP or MIT-WPU where fees are relatively lower. Stay focused and persistent—your background should not limit your dreams, and support is available if you reach out early and apply diligently.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Deepankar,
At 39, with a child and heavy EMIs, focus first on stability. Get term insurance (?1 crore each) and family health insurance (?10–15 lakh). Build a 3-month emergency fund by cutting discretionary spends. Consider refinancing loans to reduce monthly EMIs. Pause SIPs temporarily; restart once debts ease. Shift to a more affordable rental if possible. Delay home buying until finances improve. Track every expense and optimize where possible. Later, restart SIPs for your child’s education and your retirement. Discipline and clear priorities now will secure your family's financial future. Consult a financial planner to structure goals and investment strategy effectively.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: KIIT

Ans: ECE at Shiv Nadar University Noida

Ans: Yes. See previous years' cut off

Ans: He may get
NIT Branch SC Category Closing Rank (Approx.)
NIT Trichy Mechanical, Civil, Chemical 4,500 – 8,000
NIT Warangal Civil, Chemical, Biotechnology 4,000 – 10,000
NIT Surathkal Mechanical, Civil, Chemical 5,000 – 12,000
NIT Rourkela Civil, Chemical, Metallurgy 5,500 – 11,000
NIT Durgapur Mechanical, Civil, Electrical 6,000 – 13,000
NIT Jalandhar Civil, Mechanical, Textile 7,000 – 14,000
NIT Raipur Civil, Mechanical, Electrical 8,000 – 15,000
NIT Silchar Civil, Mechanical, Electrical 9,000 – 16,000
NIT Agartala Civil, Mechanical, Electrical 10,000 – 17,000
See previous years' cut off

Ans: Go for State College B.Tech (Good Govt. College)