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Ramalingam Kalirajan10870 Answers |Ask - Follow
Mutual Funds, Financial Planning Expert - Answered on Jun 05, 2025
Asked on - May 30, 2025
Namaskar experts,
Hi,
I am 46 year old male without job but earning 40K from FD interest and 24K from rent. I have 17 year old son preparing for JEE (doper batch) this year and a 10 year old daughter in 6th standard. My monthly household expenses are 50K and education expenses are more than 30K for both the child.
I have following savings / investments. Fixed deposits in Axis Bank 87 lakhs (getting monthly interest of 40K), fixed deposits in Axis Bank 8 lakh, fixed deposits in SBI 34 lakhs, 4 lakhs in mutual funds. I also have properties worth more than 3 cr excluding owned flat without any loan. Insurance policies worth 20 lakhs and gold worth 20 lakhs. Health insurance worth 5 lakh (5 members floating).
Please guide me manage the funds or investments to earn 1 lakh per month.
Ans: You have handled your finances with discipline.
Your current passive income is Rs. 64,000 per month.
Your monthly need is Rs. 80,000 or more (Rs. 50,000 for household + Rs. 30,000 for education).
You aim for Rs. 1 lakh per month.
Let us now create a detailed plan to achieve your goal.
Current Income and Expense Assessment
You are getting Rs. 40,000 per month from Axis Bank FD (Rs. 87 lakh).
You also get Rs. 24,000 per month as rent.
Monthly household expense is Rs. 50,000.
Education cost is Rs. 30,000 or more per month.
Your current monthly income is Rs. 64,000.
Your monthly shortfall is around Rs. 16,000 now.
Your target income is Rs. 1 lakh per month.
You want to bridge the gap of Rs. 36,000 per month.
Detailed Investment Assessment
FD in Axis Bank: Rs. 87 lakh
FD in Axis Bank: Rs. 8 lakh
FD in SBI: Rs. 34 lakh
Mutual Funds: Rs. 4 lakh
Properties (excluding own flat): Rs. 3 crore+
Gold: Rs. 20 lakh
Insurance: Rs. 20 lakh (needs further checking if these are LIC/traditional plans)
Health Insurance: Rs. 5 lakh (family floater)
Family Responsibility Consideration
Son is 17 years old and preparing for JEE.
His college cost can rise sharply.
Daughter is 10 years old, currently in 6th.
Her higher education cost will hit in about 7–8 years.
You are the main financial manager as you are jobless now.
FD income and rent income are currently helping.
Cash Flow Optimisation Plan
You have too much locked in FDs.
Rs. 129 lakh in FDs is not efficient.
FD interest post-tax is not matching inflation.
You can keep only Rs. 40–45 lakh in FDs.
This should be for 3 years expenses and emergencies.
Balance Rs. 85 lakh from FDs can be redirected.
How to Use Excess FD Funds
Shift Rs. 50 lakh to hybrid mutual funds via monthly STP.
Invest Rs. 25 lakh in balanced advantage and equity-oriented hybrid funds.
Rs. 10 lakh can go to short-duration debt funds.
Keep Rs. 4–5 lakh in a liquid fund for sudden education needs.
Invest only through regular funds via MFD with CFP.
Avoid direct funds.
Why to Avoid Direct Funds
Direct funds need regular tracking and fund switching.
They have no guided support or help.
A Certified Financial Planner reviews goals and realigns funds every year.
Regular plans bring disciplined long-term gains.
Mutual Fund Selection Based on Goals
For monthly income, choose funds with SWP options after 3 years.
For daughter’s college, use 10-year hybrid SIPs from now.
For son’s engineering, set aside Rs. 12–15 lakh in short-term funds.
Do not depend only on FD for child’s education.
Mutual funds beat FD returns over longer periods.
Creating a Monthly Withdrawal Income
Shift Rs. 50 lakh gradually from FDs to mutual funds.
After 3 years, start SWP (systematic withdrawal plan).
You can draw Rs. 35,000 to Rs. 45,000 per month via SWP.
This will be more tax efficient than FDs.
Add this to your FD and rental income.
This will bring your income to Rs. 1 lakh monthly.
Managing Existing Mutual Fund Holdings
You have Rs. 4 lakh in mutual funds.
These are too low compared to your total corpus.
Increase this allocation as described above.
Do not redeem these unless urgently required.
LIC or Insurance Review
You said Rs. 20 lakh is invested in insurance policies.
If they are ULIPs or traditional plans, please stop future premiums.
Check surrender value.
Redeem and shift to mutual funds with guidance.
Insurance should be only for protection, not investment.
Gold Holding
You hold Rs. 20 lakh in gold.
Gold gives no monthly income.
Keep only Rs. 5–7 lakh in gold as reserve.
You can sell part of the remaining and invest in mutual funds.
This can be used for daughter’s education after 6–7 years.
Property Portfolio Insight
You own property worth Rs. 3 crore or more.
Please don’t consider buying more.
Real estate does not help in monthly income.
It has poor liquidity.
Hold these for asset diversification, not income generation.
You may sell one property in future for daughter’s marriage or education.
Risk Management and Safety
Your current health cover is Rs. 5 lakh.
This may not be enough for a family of 5.
Increase cover to Rs. 10 lakh via top-up health plan.
Hospital costs are rising rapidly.
Ensure each member is protected.
Do not depend only on employer health cover (if applicable).
Emergency Fund Allocation
Create a separate emergency fund of Rs. 10 lakh.
Keep it in liquid mutual fund or sweep FD.
This should not be touched for regular expenses.
Use only in jobless phase, illness, or sudden home repair.
Passive Income Vision
You already earn Rs. 64,000 per month passively.
With SWP and MF income, you can reach Rs. 1 lakh monthly.
Keep reviewing the investment plan every 12 months.
Use Certified Financial Planner for guidance.
Don’t self-manage large corpus without expert help.
Investment and Tax Efficiency
Mutual fund withdrawals are taxed more favourably than FDs.
FD income is taxed at your slab.
In mutual funds, LTCG tax above Rs. 1.25 lakh is just 12.5%.
STCG is taxed at 20%.
Hybrid funds give better after-tax returns.
Plan SWP carefully to avoid heavy tax in one year.
Education Goal Planning
Your son’s higher education is very near.
You may need Rs. 20–30 lakh depending on college.
Keep Rs. 15 lakh in low-risk mutual fund.
Keep rest in bank savings for easy access.
Daughter’s higher education will need Rs. 40–50 lakh in 8–10 years.
Start monthly SIP for this goal now.
Final Insights
You have built a strong base.
But your investments are not efficient now.
Too much is kept in FDs.
Gold and property are not giving income.
Shift part of FDs and gold to mutual funds.
Plan education funds separately.
Focus on monthly SWP income after 3 years.
Review health cover.
Surrender non-performing insurance.
Create SIPs for daughter’s future.
Keep emergency funds untouched.
Achieving Rs. 1 lakh per month is very much possible.
But needs correct mix of safety and growth.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
Your current passive income is Rs. 64,000 per month.
Your monthly need is Rs. 80,000 or more (Rs. 50,000 for household + Rs. 30,000 for education).
You aim for Rs. 1 lakh per month.
Let us now create a detailed plan to achieve your goal.
Current Income and Expense Assessment
You are getting Rs. 40,000 per month from Axis Bank FD (Rs. 87 lakh).
You also get Rs. 24,000 per month as rent.
Monthly household expense is Rs. 50,000.
Education cost is Rs. 30,000 or more per month.
Your current monthly income is Rs. 64,000.
Your monthly shortfall is around Rs. 16,000 now.
Your target income is Rs. 1 lakh per month.
You want to bridge the gap of Rs. 36,000 per month.
Detailed Investment Assessment
FD in Axis Bank: Rs. 87 lakh
FD in Axis Bank: Rs. 8 lakh
FD in SBI: Rs. 34 lakh
Mutual Funds: Rs. 4 lakh
Properties (excluding own flat): Rs. 3 crore+
Gold: Rs. 20 lakh
Insurance: Rs. 20 lakh (needs further checking if these are LIC/traditional plans)
Health Insurance: Rs. 5 lakh (family floater)
Family Responsibility Consideration
Son is 17 years old and preparing for JEE.
His college cost can rise sharply.
Daughter is 10 years old, currently in 6th.
Her higher education cost will hit in about 7–8 years.
You are the main financial manager as you are jobless now.
FD income and rent income are currently helping.
Cash Flow Optimisation Plan
You have too much locked in FDs.
Rs. 129 lakh in FDs is not efficient.
FD interest post-tax is not matching inflation.
You can keep only Rs. 40–45 lakh in FDs.
This should be for 3 years expenses and emergencies.
Balance Rs. 85 lakh from FDs can be redirected.
How to Use Excess FD Funds
Shift Rs. 50 lakh to hybrid mutual funds via monthly STP.
Invest Rs. 25 lakh in balanced advantage and equity-oriented hybrid funds.
Rs. 10 lakh can go to short-duration debt funds.
Keep Rs. 4–5 lakh in a liquid fund for sudden education needs.
Invest only through regular funds via MFD with CFP.
Avoid direct funds.
Why to Avoid Direct Funds
Direct funds need regular tracking and fund switching.
They have no guided support or help.
A Certified Financial Planner reviews goals and realigns funds every year.
Regular plans bring disciplined long-term gains.
Mutual Fund Selection Based on Goals
For monthly income, choose funds with SWP options after 3 years.
For daughter’s college, use 10-year hybrid SIPs from now.
For son’s engineering, set aside Rs. 12–15 lakh in short-term funds.
Do not depend only on FD for child’s education.
Mutual funds beat FD returns over longer periods.
Creating a Monthly Withdrawal Income
Shift Rs. 50 lakh gradually from FDs to mutual funds.
After 3 years, start SWP (systematic withdrawal plan).
You can draw Rs. 35,000 to Rs. 45,000 per month via SWP.
This will be more tax efficient than FDs.
Add this to your FD and rental income.
This will bring your income to Rs. 1 lakh monthly.
Managing Existing Mutual Fund Holdings
You have Rs. 4 lakh in mutual funds.
These are too low compared to your total corpus.
Increase this allocation as described above.
Do not redeem these unless urgently required.
LIC or Insurance Review
You said Rs. 20 lakh is invested in insurance policies.
If they are ULIPs or traditional plans, please stop future premiums.
Check surrender value.
Redeem and shift to mutual funds with guidance.
Insurance should be only for protection, not investment.
Gold Holding
You hold Rs. 20 lakh in gold.
Gold gives no monthly income.
Keep only Rs. 5–7 lakh in gold as reserve.
You can sell part of the remaining and invest in mutual funds.
This can be used for daughter’s education after 6–7 years.
Property Portfolio Insight
You own property worth Rs. 3 crore or more.
Please don’t consider buying more.
Real estate does not help in monthly income.
It has poor liquidity.
Hold these for asset diversification, not income generation.
You may sell one property in future for daughter’s marriage or education.
Risk Management and Safety
Your current health cover is Rs. 5 lakh.
This may not be enough for a family of 5.
Increase cover to Rs. 10 lakh via top-up health plan.
Hospital costs are rising rapidly.
Ensure each member is protected.
Do not depend only on employer health cover (if applicable).
Emergency Fund Allocation
Create a separate emergency fund of Rs. 10 lakh.
Keep it in liquid mutual fund or sweep FD.
This should not be touched for regular expenses.
Use only in jobless phase, illness, or sudden home repair.
Passive Income Vision
You already earn Rs. 64,000 per month passively.
With SWP and MF income, you can reach Rs. 1 lakh monthly.
Keep reviewing the investment plan every 12 months.
Use Certified Financial Planner for guidance.
Don’t self-manage large corpus without expert help.
Investment and Tax Efficiency
Mutual fund withdrawals are taxed more favourably than FDs.
FD income is taxed at your slab.
In mutual funds, LTCG tax above Rs. 1.25 lakh is just 12.5%.
STCG is taxed at 20%.
Hybrid funds give better after-tax returns.
Plan SWP carefully to avoid heavy tax in one year.
Education Goal Planning
Your son’s higher education is very near.
You may need Rs. 20–30 lakh depending on college.
Keep Rs. 15 lakh in low-risk mutual fund.
Keep rest in bank savings for easy access.
Daughter’s higher education will need Rs. 40–50 lakh in 8–10 years.
Start monthly SIP for this goal now.
Final Insights
You have built a strong base.
But your investments are not efficient now.
Too much is kept in FDs.
Gold and property are not giving income.
Shift part of FDs and gold to mutual funds.
Plan education funds separately.
Focus on monthly SWP income after 3 years.
Review health cover.
Surrender non-performing insurance.
Create SIPs for daughter’s future.
Keep emergency funds untouched.
Achieving Rs. 1 lakh per month is very much possible.
But needs correct mix of safety and growth.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
Asked on - Jun 05, 2025 | Answered on Jun 05, 2025
Thank you so much for your valuable response.
Ans: You're welcome! If you have any more questions or need further assistance, feel free to ask. Best wishes on your financial journey!
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
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