Hi...

Both the courses are good are equally good, if you want to go with M.com course that means you should go with financial stream where you become as account manager, financial adviser, or some account related career.MBA is a professional course with better options compared to M.com  . MBA gives you the opportunities in corporate field where as M.com ) can be chosen if you have interest in finance.

But if you go with MBA there is multiple option for like you can go with:

• Marketing
• Finance
• Sales
• IT management
• Human Resource
• Operations
• Aviation
• Hotel Management
• Hospital Management
• Travel and tourism and many other options.

So i would suggest you to go with MBA but if you have interest in accounts or in finance you may go with M.com too.

MBA from distance learning is better option if you are working and have work experience . Because this gives the exposure and practical knowledge.
You can even join part time or evening MBA as many institute is providing Part-time or evening MBA courses.

Moreover SOL is the not the best option for M.com  you can look for other better colleges.

Both the course are good in there way and based on your interest.

Best luck