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Ramalingam

Ramalingam Kalirajan  |8027 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 17, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Dec 28, 2023Hindi
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I am 55 yrs old female. Currently unemployed, I have 10 lakhs that I want to invest but I don't know what to do.

Ans: Considering your age and financial situation, here are a few investment options tailored to your needs:

Fixed Deposits (FDs): Consider investing a portion of your 10 lakhs in FDs for a fixed interest income. Look for banks offering higher interest rates, especially for senior citizens.

Senior Citizen Savings Scheme (SCSS): This government-backed scheme offers attractive interest rates and tax benefits. You can invest up to ?15 lakhs individually or ?30 lakhs jointly.

Pradhan Mantri Vaya Vandana Yojana (PMVVY): Aimed at senior citizens, this pension scheme provides regular pension income. You can invest up to ?15 lakhs and receive a guaranteed pension.

Debt Mutual Funds: Consider investing a portion in debt mutual funds for potential higher returns than FDs with relatively low risk. Opt for short to medium duration funds for stability.

Health Insurance: Since you're 55, investing in a comprehensive health insurance plan is crucial. It will provide financial protection against medical emergencies.

Consult a Financial Planner: Given your specific needs and goals, consulting a financial planner can provide personalized advice tailored to your situation.

Remember to diversify your investments to spread the risk and consult with a financial advisor to ensure your investment strategy aligns with your financial goals and risk tolerance.
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.
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Ramalingam

Ramalingam Kalirajan  |8027 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 23, 2024

Asked by Anonymous - Feb 10, 2024Hindi
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Iam 62. How to invest 10 million for regular income
Ans: Investing 10 million (1 crore) for regular income at 62 requires a balance between generating income and preserving capital. Here's a general approach:

Fixed Deposits and Bonds: Allocate a portion to fixed deposits or bonds. While they offer lower returns, they provide stability and regular interest income.
Senior Citizen Savings Scheme (SCSS): This is a good avenue for regular income, especially designed for seniors, offering quarterly interest payouts.
Annuity Plans: Consider purchasing an immediate annuity plan from an insurance company. This turns your lump sum into a regular income stream.
Dividend Paying Stocks: Invest a portion in blue-chip dividend-paying stocks or mutual funds that focus on dividend yield. This can provide both capital appreciation and regular dividend income.
Debt Mutual Funds: Opt for debt mutual funds with a track record of stable returns. They offer better tax efficiency than fixed deposits if held for more than three years.
Real Estate Investment Trusts (REITs): REITs can be an option to diversify and earn rental income without the hassle of owning physical property.
Systematic Withdrawal Plans (SWP): If investing in mutual funds, opt for SWP where you can redeem a fixed amount periodically, providing a regular income while the principal remains invested.
It's crucial to diversify across these options based on your risk tolerance, income needs, and financial goals. Consulting a financial advisor can help tailor this strategy to your specific needs.

..Read more

Ramalingam

Ramalingam Kalirajan  |8027 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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I'm 25 years old I have 10 lakhs to invest plz advice me where to invest..
Ans: Congratulations on having a substantial amount to invest at the young age of 25. Let's explore strategic investment options tailored to your financial goals, risk profile, and investment horizon.

Understanding Your Financial Goals and Risk Profile
At 25, you have a long investment horizon ahead of you, which provides an opportunity to pursue growth-oriented investments. However, it's essential to consider your risk tolerance and financial objectives when selecting investment avenues.

Assessing Investment Options
With ?10 lakhs to invest, you have various investment options to consider. Let's evaluate potential avenues based on your goals and risk profile:

Equity Mutual Funds: Investing in equity mutual funds offers the potential for high returns over the long term. These funds invest in a diversified portfolio of stocks, providing exposure to the growth potential of the stock market.

Debt Mutual Funds: Debt mutual funds are suitable for investors seeking stability and regular income. These funds invest in fixed-income securities such as bonds and government securities, offering relatively lower risk compared to equities.

Systematic Investment Plan (SIP): Consider investing in mutual funds via SIPs, which allow you to invest a fixed amount regularly. SIPs offer the benefit of rupee cost averaging and enable disciplined investing over time.

Balancing Risk and Return
Given your young age and long investment horizon, you can afford to take on a higher level of risk to pursue higher returns. However, it's essential to strike a balance between risk and return based on your risk tolerance and financial goals.

Emphasizing Diversification
Diversifying your investment portfolio across multiple asset classes and investment vehicles is crucial for managing risk and maximizing returns. Consider allocating your investment across equity and debt funds to achieve a well-diversified portfolio.

Monitoring and Reviewing Your Investments
Regularly monitor the performance of your investments and review your portfolio periodically to ensure alignment with your financial goals. Consider consulting with a Certified Financial Planner to fine-tune your investment strategy and navigate market fluctuations effectively.

Conclusion
In conclusion, investing ?10 lakhs at 25 presents a significant opportunity to lay the foundation for long-term wealth creation. By selecting suitable investment options, balancing risk and return, emphasizing diversification, and staying disciplined in your investment approach, you can work towards achieving your financial goals and securing your future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Moneywize

Moneywize   |181 Answers  |Ask -

Financial Planner - Answered on Sep 17, 2024

Asked by Anonymous - Sep 03, 2024Hindi
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I am 55-year-old. I have to invest 10 lakh in the next four-five years. Please guide me how and where to invest? I want to invest for the long term and am looking out to build a fund of Rs 2 crore with this amount..
Ans: Investment Plan for 55-Year-Old with a Rs 2 Crore Goal

Understanding Your Risk Tolerance and Time Horizon

Given your age and investment goal, a balanced approach that combines both equity and debt instruments are recommended. Equity investments can provide higher returns over the long term, but they also come with higher risks. Debt instruments offer stability and lower risk but generally provide lower returns.

Investment Recommendations:

Equity Mutual Funds:

• Large-cap funds: These invest in established companies with a market capitalization of over Rs 20,000 crore. They offer relative stability and moderate returns.
• Multi-cap funds: These invest across large, mid, and small-cap companies, providing a diversified portfolio.
• ELSS (Equity Linked Savings Scheme): These offer tax benefits under Section 80C of the Income Tax Act.

Debt Mutual Funds:

• Short-term debt funds: These invest in debt securities with maturities of up to 91 days. They offer relatively stable returns and low risk.
• Long-term debt funds: These invest in debt securities with maturities of more than 91 days. They offer higher returns than short-term debt funds but come with slightly higher risk.

Fixed Deposits: While not as lucrative as equity or debt funds, fixed deposits offer a guaranteed return and are suitable for a portion of your investment.

Allocation Strategy:

Consider allocating your Rs 10 lakh as follows:

• Equity: 60%
• Debt: 30%
• Fixed Deposits: 10%

Additional Considerations:

• Regular Review: Periodically review your investments to ensure they align with your financial goals and risk tolerance.
• Diversification: Spread your investments across different asset classes and fund houses to reduce risk.
• Consult a Financial Advisor: If you're unsure about investment choices, consult a qualified financial advisor who can provide personalized guidance based on your specific circumstances.

Note: The above is a general investment plan and should be tailored to your individual needs and risk profile. It's essential to conduct thorough research or seek professional advice before making any investment decisions.

..Read more

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Ravi

Ravi Mittal  |536 Answers  |Ask -

Dating, Relationships Expert - Answered on Feb 21, 2025

Asked by Anonymous - Feb 19, 2025
Relationship
Recently, we got Engaged after a Courtship Period of 6 Months. Prior to this, my Fiancee had been in a Long Term Relationship, while I had never been into any Serious Romantic Relationship, apart from Platonic Friendship, with the Female Gender. Some 3 Months ago, my Fiancee confessed everything about her Past Relationship. Apparently, her Ex Boyfriend was quite Toxic. He used to Abuse her Emotionally but still Manipulate her into having Sexual Intercourse with him, which he was really good at. She also confessed that she enjoyed the Sexual Intimacy, even though she felt Emotionally invalidated in her previous Relationship. Apparently, their Relationship ended when she started being Assertive & tried taking a stand for herself. Then he Gaslighted her & Broke up the Relationship which was almost 5 years long. Initially, I felt uncomfortable hearing all these details from her as I was Virgin without any Prior Relationship Experience. But gradually, I began to Empathize with her. I appreciated her Honesty, as most other Women may not have Confessed all these before having an Arranged Marriage. Hence, I decided to Love her, without Judging her Past. Over the next 3 Months, we both became Emotionally close to each other & got Engaged with the Blessings of both Families. At the beginning of the Valentine's Week, I expressed my desire to lose my Virginity to her & also check our Sexual Compatibility, only if she's comfortable with it. She agreed & promised me that she would be taking the lead to ensure that my 'First Experience' would be memorable. On the 14th of February (Valentine's Day), she was the one who took me out on a Romantic Date, pampered me with Gifts, Treated me to exquisite Food & Drink. She had Pre-booked a Room in a Classy Hotel & had it arranged like it was meant for the First Night of a Just-Married Couple. We freshened up & got into the act. Initially, it was going great, but when we were in the middle of it, she started moaning the name of her Ex Boyfriend, in a Sub-conscious state. I was shocked & turned off. Immediately, I left the Hotel Room & went back Home & cried throughout the Night, thinking about my First Experience which was Ruined like this. The next day, she came over to meet me at my Place & gave me a Flower Bouquet with an Apology Note. My Heart wouldn't let me meet or talk with her. Hence, she expressed herself in Text. She profusely apologized for ruining my First Experience, though it was not intentional. She promised me that she would make up for this Bad Experience with a much better Experience, if I am willing to give her another chance. But I have a Gut Feeling that she was missing the Sexual Intimacy, which she used to enjoy with her Ex Boyfriend & that she can never Love me, as deeply as she Loved him, that she was unable to forget him even after going through an Abusive Relationship & a Traumatic Breakup. During the last 3 Months, I had treated gently with Empathy, showering her with Affection, so that she'd heal from her Past Relationship Trauma & I never tried to Pressurize her into having Sex with me, I just expressed my Desires & gave her the choice, whether or not to fulfill them. She seemed to have agreed, wholeheartedly. Several times, I asked her whether she was Physically, Mentally & Emotionally Prepared for it, just to Reassure myself that I am not being Manipulative like her Ex Boyfriend. Even if she had expressed 1% Uncertainty to go ahead, I wouldn't have insisted her & put it away to a later point of time, when she felt comfortable with me. She reassured me that she's completely ready & did all the Arrangements herself, which really touched my Heart as most other Girls expect the man to put in most of the efforts & feel as if they are doing him a Favour by 'giving him Sexual Pleasure'. But what happened on our First Night, Devastated me completely. Now I feel that she had been Faking it all the time. I told her clearly that I felt Cheated & that it would be Difficult for me to Trust her again. She excused herself saying that it was just a 'Mistake' & she didn't even consider it as 'Cheating' as it happened involuntarily. But I am Worried about such scenarios recurring after we get Married. What if she keeps thinking & fantasizing about her Ex Boyfriend, everytime we get Intimate? It would be as if, she's just present with me, physically but not Emotionally. It Would Ruin my Peace of Mind as I want to Enjoy a Blissful Sex Life with my Wife after getting Married. I am worried that this Incident may keep playing in my Subconscious Mind, everytime we get Intimate & that I'll never be able to enjoy Sexual Intimacy ever again. I told her that I am not really Sure about going ahead with the Marriage, but I am not able to discuss this matter with my Parents (or even her Parents) as they wouldn't approve of the Pre-marital Sex, which we engaged in. I am also Worried that even if I Cancel this Marriage, I may or may not get another Girl who's as good as this one & I am also worried about how the Next Girl would be Judging me, if I disclose all this to her. I am losing my Sleep over-thinking all this & unable to lead my Daily Life, Peacefully. Meanwhile, my Fiancee messages me several times every day, Requesting for another chance to Please me Sexually (in order to keep me attached to her, so that I don't try to Cancel the Marriage). I don't understand what to do, in this situation, Please advise me. Shall I Cancel the Marriage? What shall we tell our Parents? Or does she really Deserve another Chance?
Ans: Dear Anonymous,
First of all, I am really sorry you are going through such a tough time. Secondly, from all the details you have given, you were certainly not manipulative. Now coming to your query, I understand that it can be very difficult to discuss such an intimate moment with parents or make them understand why you decided to break things off, but if that is the only thing holding you off, I would say it's better to have a few uncomfortable discussions than a lifetime of wondering "if your wife is thinking about her ex." And even if she does not, would you ever truly believe that? You have two options- either you postpone the wedding and ask for some time to figure things out, in the meanwhile seek couples' counseling and see if this is a compatible match, or you completely rethink the alliance. After all, it is a matter of your entire life. The one thing I would definitely suggest is not to make hasty decisions or decisions based on "will I find someone else?" These both will make you make choices that are made in desperation. Remember it is better to be alone than in an unhappy and lonely marriage. And why would anyone judge you? You are not in the wrong here.

One more thing, as far as telling your parents is concerned, you can cite a reason like "compatibility issues which are slightly personal." I am sure they won't press on it. But please do not rush into anything.
Hope this helps.

...Read more

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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