Good Afternoon. I have got Int. M.Tech CSE Cyber Security in VIT Bhopal and B.Tech Biomedical Engineering in VSSUT Burla. What should I go for? I could also opt for upgradation and get CSE in VSSUT or OUTR. What do you suggest I do? Thank you so much for your help.

Ans: Refund against TDS can only be Claimed by filing Income Tax Return, for the relevant year under reference. TDS may be from any source like Salary, Commission, Interest or Online Games etc., may be claimed by filing your ITR.
Most Welcome for further clarifications, if any. Thanks.

Ans: A major potion of your PF amount can be withdrawn for the purpose of Purchase of a house, just before three months of your Retirement. Balance amount can be withdrawn only after Retirement, which in your case is not far away.
Most Welcome for further clarifications, if any. Thanks.

Ans: Hi Bhavin,

Currently most of your investments are in Fixed Income/Debt category, which will just meet the inflation.

I suggest you invest a major % of your investment amount towards Equity Mutual Funds. They have a potential for growth over a long period, 5 years and more.

It can help accumulate a good corpus over the next 10-15 years before your retirement.

Child Education is the requirement which is in the next 1-4 years, so for that you can use your existing investments or take a education loan.

For other goals of Marriage and retirement, you have time and Equity Mutual funds can help accumulate corpus for it.
Invest in a Flexicap, multicap and balance advantage schemes for the next 10-15 years. You can consider PPFAS Flexicap,

Thanks & Regards
Janak Patel
Certified Financial Planner.

Ans: Your discipline and clarity deserve appreciation.
You have built strong foundations early.
Many people reach forty without such assets.
You already reduced major future stress.
That itself gives you an advantage.

» Current Financial Snapshot
– You are 43 years old.
– You work in a private organisation.
– You own your house fully.
– You have no loans.
– This gives financial stability.

– Retirement focused savings already exist.
– Long term instruments form your base.
– Your money is spread across safety products.
– Liquidity is limited but acceptable.
– Growth exposure needs attention.

» Existing Investment Review
– Retirement related savings are meaningful.
– Mandatory savings have helped discipline.
– These instruments protect capital well.
– However growth potential is limited.
– Inflation risk exists over long periods.

– These assets suit long term security.
– They suit retirement stability well.
– They are not designed for high growth.
– Child goals need higher growth.
– Marriage expenses need liquidity planning.

» Child Education Time Horizon
– Your child is in 11th Science.
– Higher education expenses are near.
– Time available is limited.
– Risk capacity is lower here.
– Planning must be conservative.

– Education costs grow faster than inflation.
– Professional courses cost significantly more.
– Overseas options cost even higher.
– Partial funding support is important.
– Loans should be minimised.

» Child Marriage Planning Window
– Marriage expenses are medium term.
– You still have some time.
– Cultural expectations increase costs.
– Planning early reduces stress.
– This goal needs balance.

– Too much risk can hurt plans.
– Too little growth causes shortfall.
– Phased investing works best.
– Gradual shift towards safety helps.
– Liquidity must be ensured.

» Retirement Planning Horizon
– Retirement is long term.
– You have nearly two decades.
– This allows growth oriented approach.
– Inflation is biggest risk here.
– Passive savings alone will not suffice.

– Retirement expenses last many years.
– Healthcare costs rise sharply later.
– Regular income post retirement matters.
– Corpus must be inflation protected.
– Growth assets become essential.

» Understanding Rs 80 Lac Requirement
– Rs 80 Lac is a combined target.
– All goals have different timelines.
– One strategy will not suit all.
– Segmentation is essential.
– This avoids misallocation.

– Education needs immediate planning.
– Marriage needs medium planning.
– Retirement needs long term planning.
– Each goal must be ring-fenced.
– Mixing goals creates confusion.

» Asset Allocation Importance
– Asset allocation drives outcomes.
– Not product selection alone.
– Time horizon decides allocation.
– Risk appetite decides allocation.
– Discipline maintains allocation.

– Safety instruments protect capital.
– Growth instruments fight inflation.
– Balance avoids emotional mistakes.
– Rebalancing keeps strategy aligned.
– This is a continuous process.

» Role Of Equity Exposure
– Equity creates long term wealth.
– Equity is volatile short term.
– Time reduces equity risk.
– Retirement horizon suits equity.
– Education horizon needs limited equity.

– Selective equity exposure is essential.
– Quality matters more than quantity.
– Active management adds value.
– Market cycles require judgment.
– Discipline ensures success.

» Why Not Depend Only On Safe Instruments
– Safe instruments give predictable returns.
– They struggle to beat inflation.
– Purchasing power erodes slowly.
– Long term goals suffer silently.
– Growth becomes insufficient.

– Your current assets are safety heavy.
– Growth allocation needs improvement.
– This change should be gradual.
– Sudden shifts create stress.
– Planned transition works better.

» Education Goal Strategy
– Use conservative growth approach.
– Capital protection is priority.
– Avoid aggressive exposure now.
– Phased investing works best.
– Gradual de-risking is necessary.

– Education funding should be ready.
– Avoid dependency on future income.
– Avoid last minute borrowing.
– Keep funds accessible.
– Liquidity is key.

» Marriage Goal Strategy
– Marriage expenses are emotional.
– Costs are difficult to predict.
– Planning gives confidence.
– Balanced approach is ideal.
– Growth plus safety mix works.

– Start allocating gradually.
– Increase safety closer to event.
– Avoid locking money long term.
– Keep flexibility.
– Avoid speculation.

» Retirement Goal Strategy
– Retirement planning needs growth focus.
– Inflation is the silent enemy.
– Long horizon allows equity.
– Volatility should be accepted.
– Discipline ensures compounding.

– Retirement corpus must grow faster.
– Contributions should increase with income.
– Lifestyle expectations must be realistic.
– Healthcare buffer is essential.
– Regular review is necessary.

» Role Of Active Funds
– Markets do not move uniformly.
– Sectors rotate frequently.
– Index funds stay static.
– They reflect index weaknesses.
– Active funds adapt better.

– Active managers adjust allocations.
– They reduce exposure in weak sectors.
– They increase exposure in growth areas.
– This helps during volatility.
– Especially for long term goals.

» Why Avoid Index Based Approach
– Index funds mirror market direction.
– They cannot protect downside.
– They remain exposed during corrections.
– Investors feel helpless.
– Returns stay average.

– Active strategies aim to outperform.
– They manage risk dynamically.
– They suit Indian market inefficiencies.
– Skilled management adds value.
– This matters over decades.

» Regular Investing Route Benefits
– Regular route offers guidance.
– Behaviour management is critical.
– Panic decisions destroy returns.
– Professional handholding matters.
– Especially during volatile phases.

– Certified Financial Planner helps discipline.
– Goal tracking becomes structured.
– Portfolio review becomes systematic.
– Emotional bias reduces.
– Long term success improves.

» Liquidity Planning
– Emergency funds are essential.
– You currently have limited liquidity.
– One year expenses should be accessible.
– This avoids distress selling.
– It protects long term investments.

– Emergency planning gives peace.
– Unexpected events do not derail plans.
– This should be built gradually.
– Avoid using retirement savings.
– Keep it separate.

» Insurance As Risk Management
– Insurance protects your plan.
– It is not an investment.
– Adequate life cover is essential.
– Health cover avoids financial shock.
– Premiums are necessary expenses.

– Delaying insurance increases risk.
– Medical inflation is severe.
– Employer cover is insufficient.
– Family protection is priority.
– This secures your goals.

» Tax Efficiency Perspective
– Tax planning should support goals.
– Avoid tax driven decisions alone.
– Post tax returns matter.
– Simplicity reduces mistakes.
– Compliance avoids future stress.

– Long term equity taxation is favourable.
– Short term churn increases tax.
– Stability helps efficiency.
– Avoid frequent switching.
– Stay disciplined.

» Monitoring And Review Process
– Plans are not static.
– Life changes require adjustment.
– Income growth allows higher contribution.
– Goals may change.
– Reviews keep relevance.

– Annual review is sufficient.
– Avoid daily market tracking.
– Focus on progress.
– Ignore noise.
– Stick to strategy.

» Behavioural Discipline
– Emotions affect investment outcomes.
– Fear causes premature exit.
– Greed causes overexposure.
– Discipline balances both.
– Guidance helps immensely.

– Long term wealth needs patience.
– Short term market moves mislead.
– Consistency beats timing.
– Process beats prediction.
– Stay calm.

» Aligning Goals With Reality
– Rs 80 Lac goal is achievable.
– Planning must be realistic.
– Income growth will support it.
– Lifestyle control helps savings.
– Early planning reduces pressure.

– You already started well.
– Course correction is timely.
– Delay would increase burden.
– Action now simplifies future.
– Confidence improves.

» Family Communication
– Discuss goals with family.
– Shared understanding reduces conflict.
– Expectations become realistic.
– Decisions gain support.
– Stress reduces significantly.

– Financial planning is family planning.
– Transparency builds trust.
– It improves discipline.
– Everyone works towards goals.
– Harmony improves.

» Risk Capacity Versus Risk Appetite
– Risk capacity is strong for retirement.
– Risk appetite may vary emotionally.
– Planning must respect both.
– Overexposure creates anxiety.
– Underexposure creates regret.

– Balance is the answer.
– Gradual allocation changes work best.
– Avoid extreme decisions.
– Stay flexible.
– Stay focused.

» Final Insights
– You have built a strong base.
– Assets are safe but growth limited.
– Goals need segmented planning.
– Education needs conservative strategy.
– Marriage needs balanced approach.
– Retirement needs growth focus.
– Active management adds value.
– Regular guidance supports discipline.
– Insurance protects the plan.
– Liquidity avoids stress.
– Review keeps alignment.
– Patience creates results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

Ans: do you have a letter of proof on why was the Rs.1100/- remitted, if yes then Approach RBI Banking Ombudsman for stockinvest refund disputes involving Lakshmivilas (now DBS) and CSB, citing 1995 remittance proof.

Ans: Dear Anonymous,
While you are not at all to be blamed, neither is she. The guy on the other hand was definitely wrong to cheat on her with you. Still, there isn’t much you can do here. Her feelings are valid though they are very much misplaced. Your neighbour needs to take accountability and explain that you didn’t know about the relationship. But it might not help much. All you can do right now is make peace with it and know in your heart that you didn’t get involved with him knowing he was committed; you were as much in the dark as her.

Hope this helps.

Ans: Hi Savankumar,

It is never a wise move to invest aggressively in any single asset like Gold or Silver. My sole suggestion is to go for a balanced and diversified portfolio.
- Never drop modern hedges such as bonds or mutual funds. They are essential and plays a very critical role in maintaining overall volatility of one's portfolio.
- Ideal gold/ silver allocation should not exceed more than 10% of your overall portfolio value.
- Review your situation wrt your individual profile and work with a professional advisor to assess your risk profile and then design a suitable investment portfolio for you.
- Remember, a properly diversified portfolio always outperform an aggressive speculation.

Make sure to consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Good Morning dear. Your portfolio is invested in high growth stocks but with a much higher risk. But since it is invested for around 8 years now and still 10 years more you look forward to continue investments, it is fairly a long and desirable period to keep monies in Equity mutual funds. Funds selection is good and you are likely to build a corpus of Rs 2.5 Crore at your Age 58. Only suggestion to you is that you may switch your entire portfolio in 3 parts using bucket strategies before 2 years of your Age 58. One part you should switch to conservative hybrid MF for drawing annuities or SWP (Systematic Withdrawals @ 5 or 6% pa for first 5 years), Second and 3rd part of your corpus you should allocate to Aggressive hybrid mutual funds and Growth Mutual Funds for 8 Years and more respectively. Also at your age 61, 66, 71 likewise switch part of your corpus from Equity MF schemes to conservative hybrid MF schemes for further annuities. Good luck and all the best. If you need guidance please contact a good and certified financial planner or certified financial advisor.

Purshotam, CFP®, MBA, CAIIB, FIII
Certified Financial Planner
Insurance advisor
www.finphoenixinvest.com

Ans: Your honesty and clarity deserve appreciation.
You have explained everything openly.
That itself shows responsibility and courage.
Your concern for family security is clear.
This situation is stressful but not hopeless.

» Current Financial Snapshot
– You are 32 years old.
– Married with a young daughter.
– Family income is Rs 86,000 monthly.
– Total EMIs exceed total income.
– Monthly deficit exists every month.

» Debt Position Reality
– Total loans exceed Rs 52 lakhs.
– Multiple banks and lenders involved.
– Average interest is very high.
– Private lender interest is dangerous.
– Gold loan exposure is large.

» Cash Flow Mismatch
– Monthly EMIs are around Rs 1 lakh.
– Monthly income is only Rs 86,000.
– Father supports household expenses.
– Still a monthly shortage exists.
– This gap is unsustainable long term.

» Interest Drain Assessment
– Around Rs 50,000 goes as interest monthly.
– Interest gives zero future benefit.
– Half your income is lost to interest.
– This is the core problem.
– Capital is not reducing meaningfully.

» Gold Purchase Thought Analysis
– Fear of rising gold prices is natural.
– Emotional thinking is influencing decisions.
– Buying gold using loans is risky.
– Pledging gold increases debt cycle.
– This strategy already created stress earlier.

» Gold Loan Trap Explanation
– Buying gold using borrowed money is leverage.
– Leverage increases risk in personal finance.
– Gold does not generate income.
– Loan interest keeps accumulating.
– Emotional comfort hides financial damage.

» Clear Answer on Gold Buying
– Do not buy more gold now.
– Do not take fresh loans for gold.
– This will worsen debt burden.
– Price rise fear should be ignored.
– Survival is more important than assets.

» Priority Reset Required
– Debt freedom comes before investments.
– Cash flow stability comes before wealth.
– Insurance comes before gold.
– Family safety comes before emotions.
– Discipline is needed now.

» Private Lender Loan Danger
– 18 percent interest is destructive.
– This loan must be closed first.
– It gives no flexibility.
– It increases stress constantly.
– It affects mental health also.

» Strategy for Private Loan
– Use any possible support to close it.
– Ask family help if possible.
– Sell unused items if required.
– Temporary embarrassment is better than long stress.
– Closing this gives immediate relief.

» Gold Loan Strategy
– Do not increase gold loan amount.
– Avoid rollover behaviour.
– Use bonuses or gifts to reduce principal.
– Do not top up gold loans.
– Reduce dependency gradually.

» Bank Loan Lock Period Reality
– You cannot restructure for one year.
– This period must be survived carefully.
– No new liabilities should be added.
– Expenses must stay minimal.
– Emotional spending must stop.

» Expense Control Measures
– Track every rupee monthly.
– Avoid eating outside.
– Avoid subscriptions and upgrades.
– Delay lifestyle expenses fully.
– Treat this as recovery phase.

» Role of Father’s Support
– Parental support is a blessing.
– Use this support wisely.
– Do not misuse the relief.
– Focus on debt reduction.
– This support is temporary.

» SIP Investment Assessment
– SIP of Rs 2,000 is symbolic.
– It gives psychological comfort only.
– It does not change financial position.
– Debt interest is much higher.
– Pause SIP temporarily if needed.

» Investment Versus Debt Reality
– Paying debt gives guaranteed returns.
– Interest saved equals investment gain.
– No mutual fund can beat 18 percent interest.
– Debt repayment is priority investment now.
– Wealth creation starts after stability.

» Insurance Hesitation Reality
– Term insurance is not optional.
– Health insurance is essential.
– One medical emergency will destroy finances.
– Insurance prevents future debt.
– Low premium options exist.

» Insurance Action Plan
– Take basic term insurance immediately.
– Take basic family health insurance.
– Choose lowest premium coverage.
– Avoid investment linked policies.
– Protection matters more than returns.

» Child Responsibility Perspective
– Your daughter depends fully on you.
– Her education needs future planning.
– But first ensure family survival.
– Debt stress affects parenting quality.
– Stability helps emotional health.

» Psychological Pressure Management
– Fear is driving wrong decisions.
– Gold fear is emotional.
– Loan fear is real.
– Focus on controllable actions.
– Ignore market noise completely.

» What Not To Do Now
– Do not take new loans.
– Do not buy gold or silver.
– Do not lend money to anyone.
– Do not chase investments.
– Do not hide problems.

» What To Do Immediately
– List all loans clearly.
– Mark highest interest loans.
– Target private lender loan first.
– Reduce any discretionary spending.
– Communicate with family honestly.

» One Year Survival Plan
– Focus on EMI discipline.
– Avoid defaults at all costs.
– Build small emergency buffer slowly.
– Accept temporary discomfort.
– One year will change options.

» After One Year Options
– Approach banks for restructuring.
– Request tenure extension.
– Reduce EMI burden.
– Consolidate loans if possible.
– Negotiate interest rates.

» Long Term Recovery Vision
– Debt free life is possible.
– Income will increase with experience.
– Expenses will stabilise.
– This phase will pass.
– Discipline will shape your future.

» Emotional Bond With Gold
– Gold feels like safety.
– But debt is unsafe.
– True security is cash flow.
– True wealth is peace.
– True protection is insurance.

» Family Communication Importance
– Discuss openly with your wife.
– Take joint decisions.
– Avoid blame or guilt.
– Team effort reduces stress.
– You are partners.

» Self Worth Reminder
– Debt does not define character.
– Mistakes happen in life.
– Learning matters more.
– You are responsible and aware.
– That is strength.

» Final Insights
– Do not buy gold now.
– Do not take new loans.
– Focus fully on debt reduction.
– Close private lender loan first.
– Take basic term and health insurance.
– Pause investments if required.
– Control expenses strictly.
– Survive one year patiently.
– Stability will return gradually.
– Your situation is difficult but solvable.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment