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Ramalingam

Ramalingam Kalirajan  |11390 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 30, 2026

Ramalingam Kalirajan has over 26 years of experience in MF distribution and wealth management. He holds an MBA in Finance from the University of Madras and is a CFP (Certified Financial Planner) credentialed professional. He is the Director of Holistic Investment, a Chennai-based AMFI-registered Mutual Fund Distribution (ARN-4188) and APMI-registered PMS Distribution firm (APRN07386), helping clients build long-term wealth through mutual funds and other investment solutions.... more
Asked by Anonymous - Jun 23, 2026
Money

I am 32 year male, living in Bangalore, ladt 2 year back i bought house of 1 cr now 80 lacs is remaining, every month i have to pay 90000 as emi. In my current company my monthly income is 2 lac per month. Currently i am in bench, i am feared what if i loss the job ? How should i pay the emi, these things keep on coming in mind. Not able to sleep properly. Currently i am hoilding 10 lacs in equity, 6 lacs debt fund, 5 lac in my F.D please help me to fix my problem. How do i overcome from this loan?

Ans: Appreciate your honesty in sharing your situation. Many people go through similar thoughts after taking a large home loan, especially when there is uncertainty at work. The good part is that you are thinking about this early. That gives you time to prepare instead of reacting later.

» First, Your Situation is Better Than You Feel

Age is only 32.
Monthly income is around Rs.2 lakh.
You already own a house.
You have investments worth around Rs.21 lakh across equity, debt funds and fixed deposits.
You are still servicing the EMI on time.

The concern is not the home loan alone. It is the fear of losing your income. That fear is affecting your peace of mind.

» Focus on Protecting Your Cash Flow

At present, your biggest priority is not paying off the loan quickly.

Your first priority should be ensuring that the EMI can continue even if your job changes.

Aim to build an emergency fund that can cover at least 9 to 12 months of EMI and essential household expenses. This gives you valuable breathing space if there is any career interruption.

» Avoid Using Equity for EMI

You have around Rs.10 lakh in equity.

Avoid depending on equity investments for EMI payments because markets can fall exactly when you need the money.

Your debt fund and fixed deposit provide more stability during uncertain periods. Continue maintaining this balance instead of moving everything into equity.

» Should You Prepay the Home Loan?

Not immediately.

Since there is uncertainty regarding your job, keeping liquidity is more important than reducing the loan.

Once your career becomes stable again and your emergency fund is fully built, you can consider making partial prepayments whenever you receive bonuses or additional income.

Small prepayments made regularly can reduce the loan burden over time without putting pressure on your monthly cash flow.

» Reduce Career Risk

Since you mentioned you are currently on the bench, this deserves immediate attention.

Start applying for opportunities both within and outside your current company.
Upgrade your technical skills.
Build your professional network.
Keep your resume updated.
Attend interviews even if you have not decided to switch.

Having multiple opportunities reduces stress because you know there are alternatives.

» Review Your Monthly Expenses

Look at every monthly expense carefully.

Avoid unnecessary discretionary spending for the next few months.
Build additional cash reserves whenever possible.
Any bonus or incentive can be directed towards strengthening your emergency fund.

This is a temporary phase until your employment situation becomes clearer.

» Protect Your Family Too

Also review these important areas:

Adequate health insurance.
Pure term life insurance if your family depends on your income.
Emergency fund in easily accessible investments.
Nomination updated across all investments.
A simple Will to protect your family's interests.

These steps improve financial security even during uncertain times.

» Finally

Your problem is not that the home loan is too large. It is that uncertainty has made the loan feel much bigger.

From the financial details you shared, you are not in a crisis. You have savings, investments and earning potential. The right approach now is to protect your liquidity, strengthen your emergency fund, actively look for career opportunities and avoid making emotional financial decisions.

Many professionals go through periods of being on the bench and still come out stronger. With proper planning and disciplined money management, this home loan can become a stepping stone towards long-term financial security rather than a source of constant worry.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

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Ramalingam

Ramalingam Kalirajan  |11390 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2025

Asked by Anonymous - May 18, 2025
Money
I am 30 years old recently i married ine year. I bought house of 1.3 cr including in Bangalore. And emi is 90k with some top up loans. My monthly income is 2 lac. And the loan is 20 years. Because of AI. I feeling tensed what if job loss, how i need to repay the loan.And also i have 2 lacs of FD, 3 lacs in savings, 5 lacs in ELSS mutual fund which lockin period end in 2027 since i done sip.1 lac worth of equities.
Ans: You are 30. You are married recently. Congratulations.
You bought a house in Bangalore. Good move if you plan to stay long.
Home cost is Rs. 1.3 crore. Loan is for 20 years. EMI is Rs. 90,000.
Your monthly income is Rs. 2 lakhs.

You also hold Rs. 2 lakhs in FD.
Rs. 3 lakhs in savings account.
Rs. 5 lakhs in ELSS mutual funds (lock-in till 2027).
Rs. 1 lakh in direct equities.

You are worried about job loss due to AI.
That fear is real. But can be handled with proper plan.
Let us now review your finances fully.

A full 360-degree assessment is given below.

Understand Your Cash Flow First

Your EMI is Rs. 90,000 per month.

This is 45% of your salary.

Ideally, EMI should be below 40%.

Slightly on higher side, but still manageable.

You are saving nearly Rs. 10,000 to Rs. 20,000.

That saving can increase with planning.

Avoid lifestyle inflation to stay safe.

You need to build buffers now.

Build an Emergency Fund Immediately

You have Rs. 5 lakhs in liquid savings.

Combine FD and savings bank for this.

Keep this untouched for emergencies.

This gives you mental peace during job risks.

Ideally, have 6 to 9 months EMI saved.

Rs. 8 lakhs to Rs. 10 lakhs must be your goal.

Do not use this fund for expenses or investments.

Review Job Risk and Plan Career Safety

AI impact is serious across industries.

Upskill yourself to stay relevant.

Take online courses related to your job.

Upgrade your profile every year.

Stay aware of changes in your field.

Job loss fear reduces when you keep learning.

A better skilled employee stays ahead.

Prepare a Backup Plan for Income

Look for secondary income sources.

Small freelance or consulting roles help.

Use weekend time productively.

Even Rs. 5,000 per month is useful.

Passive income is key for loan safety.

Your spouse can also contribute if possible.

Family income gives more stability.

Do Not Depend on Direct Equities Now

Direct stocks are very risky now.

Markets are volatile.

You already have house loan burden.

Rs. 1 lakh in stocks is okay. But don’t increase.

Do not invest fresh money in equities directly.

Keep equity allocation within ELSS only.

ELSS Mutual Fund Is Good for Tax Saving

ELSS lock-in ends in 2027.

Don’t redeem before that.

Let it grow peacefully till lock-in ends.

Do not stop SIP unless you really must.

After lock-in, shift to regular equity funds.

Invest through a Certified Financial Planner only.

Avoid Direct Fund Investing Later

Direct funds do not give guidance.

No one reviews or supports your portfolio.

You need professional advice.

Invest through regular plans with CFP only.

Certified Financial Planner offers full support.

MFD linked with CFP guides you long-term.

Advice, monitoring and correction are valuable.

Avoid Index Funds in Future

Index funds just copy the market.

They do not protect during downfall.

They have no fund manager strategy.

You cannot beat inflation by copying index.

Actively managed funds work better.

Good managers manage risk and returns.

They adjust portfolio based on economy.

Don’t Take Any Top-up Loans Now

You already have a home loan.

Additional loans increase your stress.

Avoid personal loan or car loan for 3 years.

Focus on stability, not consumption.

Top-up loans may look easy now.

But later, they become pressure.

Keep Your Insurance Protection in Place

Health insurance must be active.

Rs. 5 to 10 lakhs family floater is enough.

Check if your job offers it.

If not, buy outside immediately.

Buy term insurance if you don’t have.

Sum assured should be at least Rs. 1 crore.

Avoid ULIP, endowment, or money-back plans.

If You Hold LIC or ULIP Plans

If you have any LIC or ULIP or mixed plans, surrender them.

Take only pure term insurance.

Rest of money should be in mutual funds.

Investment and insurance should not mix.

Keep them separate always.

Track Your EMI and Home Loan Closely

Keep EMI on auto debit from bank.

Never miss EMI even for one month.

If job risk increases, inform bank early.

You can ask for restructuring in hard times.

But don’t wait till it’s too late.

Home loan default affects your CIBIL badly.

Plan to Part-Prepay Loan Every Year

Use bonuses or variable pay to prepay.

Even Rs. 50,000 per year helps.

It reduces interest in long term.

But don’t use emergency fund for this.

Plan separate prepayment fund.

Avoid Real Estate for Investment Now

Real estate is illiquid.

Not suitable for salaried person with big loan.

You already bought one house.

Don’t invest in another house or plot.

Focus should be financial instruments only.

Avoid Annuity Products or Locked Plans

Annuity returns are low.

They lock your money for years.

They are taxable too.

You are too young for annuities.

Stay flexible and growth-oriented.

Your Asset Allocation Looks Balanced Now

Rs. 5 lakh in ELSS – good for long term.

Rs. 2 lakh FD + Rs. 3 lakh savings – good cushion.

Rs. 1 lakh in equity – avoid further increase.

No high-risk moves needed now.

Keep asset mix 60% safe, 40% growth-based.

Track Mutual Fund Taxation for Future

ELSS is equity-based. Taxed accordingly.

LTCG above Rs. 1.25 lakh taxed at 12.5%.

STCG is taxed at 20%.

Debt fund returns taxed by income slab.

Plan redemptions with tax in mind.

Stay Calm and Follow Structured Plan

Don’t act in fear or pressure.

Take decisions based on plan.

Avoid news-based actions.

AI will change jobs. But it also creates new ones.

Be flexible and ready for change.

Work With a Certified Financial Planner

CFP helps plan your loan, taxes, savings.

He also builds your retirement and goals.

Choose a CFP who works full time.

He will guide during job change or tough periods.

Stay with one advisor long-term.

Finally

Your EMI is manageable now.

Build Rs. 10 lakh emergency fund slowly.

Prepay loan in small parts every year.

Upskill and stay relevant in job.

Avoid direct stocks and top-up loans.

Don’t fall for product sales.

Focus only on practical and liquid investments.

ELSS is fine. Direct equity should be minimum.

Mutual fund SIPs can continue if job is stable.

Do all new investments only through CFP using regular plans.

Avoid index funds, annuities, and real estate investments.

Protect health and life with right insurance.

Keep spouse informed about all money decisions.

Review your money plan once every 6 months.

Stay prepared for job changes, not scared.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

..Read more

Reetika

Reetika Sharma  |642 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Jan 22, 2026

Asked by Anonymous - Jan 17, 2026Hindi
Money
Hi. I am middle class person. Age is 32 years. I recently 2 years back i bought 1.2 cr house. Current i am fear about job loss due to AI. I am keep on thinking what if i didn't get job immediately. In this situation how to pay high EMI? I have 3 loans all are home loan related currently 7.30% interest rate for all. 1. took 89 lac already paid 10 lac remaining tenure is 160 months, emi is 77000 2. Took 10 lac already paid 6 lac remaining tenure is 48 months, emi is 10000 3. Took 1.8 lac, already paid 1.4 lac remaining tenure is 29 months emi is 2k. And from income side My salary is 2 lac, my emi comes arround 90 K, my total expenses is 40 K, i invest remaining in savings and mutual funds, even though i have 5 lac in FD, 5 lac in equity mutual fund, 2 lac in savings account , 2 lac in debt mutual fund, 2 lac in stocks. I want to know how to manage these emi during job loss. I want debt free. These emi making me sleepless.Hi. I am middle class person. I recently 2 years back i bought 1.2 cr house. Current i am fear about job loss due to AI. I am keep on thinking what if i didn't get job immediately. In this situation how to pay high EMI? I have 3 loans all are home loan related currently 7.30% interest rate for all. 1. took 89 lac already paid 10 lac remaining tenure is 160 months, emi is 77000 2. Took 10 lac already paid 6 lac remaining tenure is 48 months, emi is 10000 3. Took 1.8 lac, already paid 1.4 lac remaining tenure is 29 months emi is 2k. And from income side My salary is 2 lac, my emi comes arround 90 K, my total expenses is 40 K, i invest remaining in savings and mutual funds, even though i have 5 lac in FD, 5 lac in equity mutual fund, 2 lac in savings account , 2 lac in debt mutual fund, 2 lac in stocks. I want to know how to manage these emi during job loss. I want debt free. These emi making me sleepless.
Ans: Hi,

It is natural to fear advancement in technology but that should not turn into sleepless nights. Rather use this opportunity to learn the same and upskill yourself in that field.
However, let me try to guide you with the correct steps for you to take:

1. Your total EMIs come out to be around 90k per month and fixed monthly expenses are 40k. You are left with 70k per month to invest.
2. Try and close the smaller loans of 40,000 first followed by 4 lakhs loan once your job stabilizes.

>> You have 5 lakhs in FD, 2 lakhs in savings and 2 lakhs in debt mutual funds - total liquid is 9 lakhs.
This can be your emergency fund in case of job loss and will keep your emi's and basic requirements on track for 7 months.
7 months is a sufficient time for you to find another upskilled job.

>> Keep the 5 lakhs of equity mutual funds and 2 lakhs of stocks as is.
In the meantime, pause your SIPs for a while, start accumulating surplus of 70k per month in savings account so as to overcome any uncertain situation.

You can resume your SIPs once your job is stable, you have upskilled yourself and are no longer in dilemma of job loss.

Let me know if you need more help.

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

..Read more

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Ravi Mittal  |738 Answers  |Ask -

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Hi, I am 58 Yr old Male with 29 yrs into arranged marriage. I have 2 daughters. I am being treated like a stranger in my own house. My wife does not give respect, no value, no love and affection care. Always negatives talking about me for everything. Not listen to any thing regarding family or personal matters. I am not earning much. I am doing my best doing business services. For everything I need basic amount to manage my business until it develops. There is no support for this from my family. Instead of supporting and motivating me, She is always negative about me. She knows I am not earning enough and unable to meet major transactions. She has come from a wealthy family were as I am not. She has helped in providing financial support many times. Now past 3-4 yrs, her behavior has changed. She taunts and blames me for she providing the financial support. Whatever she has provided is always used for family. she knows that. I am unable to focus on my business development. She's gives negative feedback about me to my daughters and they also behave same with me, Instead of supporting and motivating me. There is no intimacy or sex past 1 year. Hardly 1 once in a month earlier, after I force (make positive effort) her lovingly. I love her very much. But this is making me lose that love & affection on her. In our 29 yrs of marriage, she never initiated intimacy, love. Always I been doing it. She never shows interest in getting physical right from 1st day. She has not kissed me even once or hugged me voluntarily in these 29 yrs. I initiate everything. I am romantic. She is not. She gives one or the other reason and avoids. She avoids kissing. She never liked gifts i bought for her. I want her to wear different dresses, but she rejects. Though we sleep on same bed, she just sleeps off. When i go to her, either she pushes or says she has to wake up early sleep now. Even with so many days gap, when I initiate intimacy after 1-3 months, but she taunts saying I only want that from her. I have been hugging, kissing and showing love, affection care on her right from the 1st day of marriage. The same thing is missing from her. I have tried many times talking to her in polite way, trying to woo her, but of no use. I have approached many times we can have one on one talk and sort out any issues she has with me, but she avoids coming into talking terms. I have tried to talk saying lets understand whats going wrong. If I start generally talking, she starts arguing, negative talking and avoids the main discussion that forces me to shut my mouth. when we go out on a 2-3 day trip, she enjoys outing seeing places, food & sleep. Doesn't behave romantically, lovingly. It's just like same as at home. Even I know I am not earning much and trying best to do well. She always keep telling about her money and financial support and her parental house with arrogance & attitude. She has been good with her parental side, but not my side. I believe both husband and wife should take care of family together irrespective of who is more financially strong. Just because I am not earning well, this type of treatment I don't understand. If it was recent few yrs I can understand. But right from day one I have been facing this. Now I've stopped talking much and in silence going through loneliness.
Ans: Dear Prashanth,
I understand that it has been quite difficult for you. After 29 yrs, feeling unwanted, unsupported and criticized can leave anyone extremely lonely. Your problem sounds a lot bigger than just lack of intimacy. There are long-standing communication issues, and both emotional and financial issues. This cannot be solved with romance alone. The better step is to stop pursuing intimacy for now, since your partner is uninterested, and instead focus on having a structured conversation, such as, "Are you willing to work on this marriage, to make it better?" If she refuses to discuss these things with you, I suggest seeing a marriage counsellor; it will be an impartial party looking into the matter, without supporting one over another.

Hope this helps.

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Career Counsellor - Answered on Aug 12, 2026

Asked by Anonymous - Aug 12, 2026
Career
my daughter has secured admission in CSE-AI at IGDTUW .Going by the reputation of the institute she withdrew from BITSAT,JOSAA, LNMIIT and MHT-CET counselings. But now after attending the college for few days, she has been completely put off by the real bad infra and attitude of teachers there.Only viable option left now for her is COMEDK, where she can get CSE in MSRIT.We are delhi based and budget is not a issue. Please suggest further course of action.
Ans: Your daughter may consider switching to MSRIT CSE through COMEDK if her initial experience at IGDTUW has led her to reassess her choice. MSRIT offers good industry exposure and the advantage of Bengaluru’s strong technology ecosystem. However, it would be advisable to visit MSRIT and interact with current students before making the final decision.

Please also verify the current COMEDK counselling and reporting status, as deadlines and eligibility can vary by round. Before proceeding, confirm that her specific counselling status permits admission/reporting at MSRIT.

At the same time, it is important to remember that no institution is perfect; every college has its own strengths and areas for improvement. The decision should therefore consider academics, campus environment, faculty interaction, placements, peer group, location and overall student experience.

Finally, ensure that your daughter is comfortable and mentally prepared to relocate from Delhi to Bengaluru, and that you as parents are also equally comfortable with the transition. If MSRIT appears to offer a better overall fit after this evaluation, switching can be a reasonable option. If possible, it may be worthwhile to keep RVCE CSE as a preference until the final counselling round, provided your daughter has already included RVCE CSE among her choices. If the option remains available in the subsequent rounds, she can consider it based on the seat availability and her merit position. All The Best for Your Daughter's Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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