Mumbai

The following colleges are better:
1. Jamnalal Bajaj Institute of Management Studies, Mumbai
2. Prin. LN Welingkar Institute of Management Development and Research, Mumbai
3. Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai
4. ITM Business School, Navi Mumbai
5. Department of Management Sciences, University of Pune, Pune
6. Balaji Institute of Management and Human Resource Development, Tathawade
7. KJ Somaiya Institute of Management Studies and Research, Mumbai
8. SIES College of Management Studies, Navi Mumbai
9. N L Dalmia Institute of Management Studies and Research
10. MET Institute of Management
11. Xavier Institute of Management Research, Mumbai
12. Bharati Vidyapeeth's Institute of Management Studies and Research, Navi Mumbai.

I personally believe that if one wants to pursue B.Com, then it is always advisable to pursue from a University recognised by UGC especially if there has to be a choice taken between the two as mentioned in the question, then University of Mumbai, Fort Campus is the best option. The Institute of Computer Accountants is just a private institution which will be there only to earn a profit. This is what I have personally observed in cases of such private institutions. However, not all the institutions are same. Here in this comparison the University of Mumbai is far more ahead of such institutions and has great alumni and faculty members for imparting their knowledge. I hope this would suffice.

Open distance B.Com in Mumbai University: You have to study the whole syllabus, there are higher chances of getting failed. Exam centers are located in any direction (you might or might be not aware of it). Many of my friends failed and then later they joined the college. St Joseph's College of Commerce (SJCC) is an Autonomous College in Bangalore. It is 130+ years old Institute. It has very big name in the city. It ranks top 8th commerce college in India and top 2nd in Bangalore. It provides very good education with decent placements, nice location in city center Brigade Road, Independence to students, pride of being a Josephite, Rocking fests and All rounder and what else you need. The campus is small as it is only meant for B.Com BBA and M.Com but it is lovely to be there.