CA Inter Student: Juggling Both Groups with 8 Hours of Daily Study - Can it be Done?

Ans: Dear Anonymous,
I understand your concern and how difficult it is sometimes to convince family members about our feelings. Please have one on one conversations with your parents. Instead of sitting with both parents, speak to them individually. Ask them direct questions based on realistic examples, like, “She enjoys partying and I don’t. What if that leads to a huge fight and in the end, divorce?” “What if we never love each other and stay in an unhappy marriage?” This might help them imagine the situation a little better. Next, speak to the girl. Ask her what she feels about this marriage, if she would be able to adjust and eventually love you. Ask her if she is okay with a lifetime of adjustment and compromise. Have an honest conversation; don’t try to convince her to break the marriage, rather have a clear discussion and see how she feels about this honestly. I am sure this will help you in the situation.

Hope this helps.

Ans: It is not the right time to buy silver right now. If you want to invest big amount - wait.
Lets say, you want to invest 1 lakh in silver now, wait and buy silver worth 5000 once in 2 weeks to benefit.

Also make sure that apart from silver, you should have gold and mutual funds as well with you to diversify. Goin with only one asset class is never a good idea.

Let me know if you need more help.

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

Ans: Hi,

Yes there is a difference between regular and direct plans.
Direct plans are for people who have a very good understanding and can manage their portfolio. But even those people need an advisor at some point once their portfolio grows into lakhs and crores.
Hence it is always better to go for regular plans from the start as an early guidance helps you achieve your goals in a more planned way.

Choosing a wrong direct plan can adversely affect the portfolio and instead of saving 1% on commissions, one may end up losing upto 10% on an yearly basis.
Also choosing some random plans such as flexicap along with your regular portfolio is not a good idea. An advisor critically measures your profile and work accordingly.
It is always better to listen to your advisor.

Let me know if you need more help.

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

Ans: Hi Deepak,

Please share more details such as income, expenses, family, current assets & liabilities, financial goals etc for me to help you.

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

Ans: Hi,

It is good that you are thinking to invest in gold and silver at your age for marriage. You can open a demat account and buy "goldbees" and "silverbees" on your salary day worth 1000 rupees each.

This way you will accumulate a good amount by the time you marry without losing anything on taxes and making charges.

Let me know if you need more help.

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

Ans: Selling 15 gram gold would mean oyu getting approx 2 lakhs worth amount (after deduction charges and all).
It is not recommended to sell your gola to prepay your home loan. Hence hold it for longterm as it is always good to diversify your money into different asset classes.

Let me know if you need more help.

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

Ans: Hi,

Your current assets are not sufficient for you to leave your job currently.
However, setup the business along with your job and then check the status after 6 months. If you are able to earn more than your expenses, you can consider getting retirement.
But make sure to have enough savings for other financial goals such as travel , health, other major liabilities etc.

You need atleast assets worth 1.1 crores in mutual funds for you to retire to fund your retirement forever (assuming xirr 11% pa.)

Hence try setting up a business side by side. And increase your investments in mutual funds substantially with help of a professional to get it aligned with your plans.

Consider consulting 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: Hi Suresh,

It is good that you have built a discipline for investing over the past 4 years.

The SIP funds you mentioned are good for long term, but selection can be improved more to generate better returns in alignment to your long term goals. You can try including large cap fund and make changes accordignly. Or choose to connect with a professional who will help you in improving fund selection.

The policies mentioned are not recommended to continue. Policies like this have a cagd of 5-6% annually when calculated accurately which is even less than FD. Hence you may choose to surrender and close these and redirect the investments into mutual funds for better returns and performance.

Hence do 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: Appreciate your intent to choose the right loan structure with clear thinking. Choosing between fixed and floating rate for a home loan of around Rs 40–45 lakhs for 15 years is a big financial decision. It can impact your monthly cash flow, overall cost, and peace of mind.

» Difference between fixed and floating interest rates
– Fixed rate means your interest rate stays the same throughout the chosen fixed period. Your monthly EMI does not change during that period.
– Floating rate means the interest can go up or down with market benchmarks like the repo rate or bank’s internal benchmarks. Your EMI or loan tenure may adjust when rates change.

» What current and future economic conditions mean
– Interest rates globally and domestically have seen rises due to inflationary pressure, central bank policy tightening, and costlier funds for banks.
– In a rising rate scenario, fixed rates protect you from future rate hikes.
– In a falling or stable rate scenario, floating rates may cost less over time.

» Why floating rate usually works well for 15-year loans
– Floating rate typically starts lower than fixed rate, giving you initial cost advantage.
– Over long horizons, banks may adjust rates downward when economic pressure eases.
– You retain flexibility to prepay or refinance when rates soften.
– Many borrowers pay lower total interest with floating when rates stabilise.

» When fixed rate can be appropriate
– If you prioritise certainty of EMI and peace of mind even if rates rise in future.
– If you are not comfortable with EMI changes in your monthly budgeting.
– If your income is tight and you prefer predictable cash flows.

» Practical view for your case
– With a 15-year term and current rate cycle, floating rate is generally more suitable.
– It gives you lower initial cost and flexibility to refinance or prepay when rates soften.
– Fixed rate may feel secure but often costs more in long term if rates do not rise significantly.

» Key terms to check in loan agreement before signing
– Interest rate type and reset clause – How often the floating rate can change and by what benchmark.
– Processing fees and other charges – Upfront cost that adds to your total cost of borrowing.
– Prepayment and part-prepayment terms – Whether prepayment is allowed without penalty and how often you can prepay.
– Conversion options – Whether you can switch from floating to fixed (or vice versa) and at what cost.
– Penal interest – Charges if you delay EMI payments and how they are calculated.
– Loan disbursement schedule – Especially for under-construction properties, how and when funds are released.
– Foreclosure charges – Fees if you fully close the loan before term ends.
– Interest computation method – Whether interest is calculated on a reducing balance basis.

» How to structure your loan for comfort and cost efficiency
– Choose floating rate with a short initial lock-in if you prefer lower cost.
– Keep prepayment and part-payment flexibility open so you can reduce outstanding principal with surplus funds.
– Monitor rate environment annually to decide if converting to fixed or refinancing makes sense.
– Keep an emergency buffer so you are not pressured if floating rates tick up temporarily.

» Final Insights
– Floating rate home loan typically suits you better over 15 years in current economic context.
– Fixed rate gives peace but often costs more if rates do not rise sharply.
– Focus on key loan terms before signing so no surprises later.
– With careful planning and periodic review, your housing finance cost can be controlled well.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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