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Naveenn Kummar |233 Answers |Ask -Follow

Financial Planner, MF, Insurance Expert - Answered on Sep 11, 2025

Naveenn Kummar has over 16 years of experience in banking and financial services.
He is an Association of Mutual Funds in India (AMFI)-registered mutual fund distributor, an Insurance Regulatory and Development Authority of India (IRDAI)-licensed insurance advisor and a qualified personal finance professional (QPFP) certified by Network FP.
An engineering graduate with an MBA in management, he leads Alenova Financial Services under Vadula Consultancy Services, offering solutions in mutual funds, insurance, retirement planning and wealth management.... more

Asked by Anonymous - Aug 03, 2025

Money

Dear Sir, I am 60 and salaried. Monthly income is 4L and going to retire in 2years max. I have 2 daughters and thay got married. I have two houses and have a bank balance of 70 lakhs. No bank loans, and do not have any financial liability. Health insurance is in place for me and for my wife. My aim : To exploit my savings and be self reliant in my rest of life. Need to have a passive income. How and where to invest prudently? How to manage my hard earned money? How can I plan for a car purchase? Kindly share your insightdul advice. Thank you.

Ans: Dear sir ,
???? I would also strongly suggest working with a QPFP / Financial Planner to create a detailed retirement cash flow plan and fund monitoring strategy.

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai

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 Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2025

Question by Samiran - Jun 22, 2025Hindi

Money

Hi, I am 35 years old and married. I have a monthly income of 2.02 lacs after tax deduction and rental income of around 32.5k from my own house which is worth 1 crore now approcimately. I stay at my parents house and hence do not have to pay any rent. I have a home loan running of around 7.5 lacs outstanding and personal loan of around 2.5 lacs. Due to a family emergency last year, I have depleted all savings and emergency funds. I do not have any investment or savings as of now. We are also planning for a child in the next year. How do i plan to have 0 debt at the earliest and start investing from here onwards so that I can retire by the age of 50-52. My current monthly household expenses are around 60k.

Ans: You’ve begun fresh after a setback and have clear goals. That shows resilience and discipline. Let’s work through your roadmap in a complete, practical manner so you reach debt?free status and build financial freedom by age 50–52.

Your Immediate Context
You are 35 years old and married.
Take-home income is Rs?2.02?lakh/month.
Rental income adds Rs?32,500/month.
Living with parents, so no rent expense.
You have a home loan of Rs?7.5?lakh and personal loan of Rs?2.5?lakh.
Your monthly household costs are Rs?60,000.
You have no savings or investments currently.
You plan to have a child next year.

Your priority is clear:

Build emergency and child funds

Eliminate debt quickly

Start systematic investing

Aim for retirement by age 50–52

Step 1 – Rebuild Emergency Savings
Without emergency funds, you risk debt again.
Build 6 months of household expenses first.
Target: Rs?5 lakh (Rs?60,000 * 6 + buffer).
You’ll need this before investing or debt repayment.

Use rental income and surplus cash flow to fund this.
Monthly savings after expense:
– Income: Rs?2.52 lakh (salary + rent)
– Expenses: Rs?60,000
– Net surplus: Rs?1.92 lakh

Allocate this surplus immediately.

Step 2 – Debt Repayment Strategy
Debt cleared means financial freedom.

Your total debt: Rs?10 lakh (home + personal).

You can repay fully within a few months because of surplus funds.

Plan:

First 2–3 months: clear personal loan of Rs?2.5 lakh

Next 4–5 months: clear home loan of Rs?7.5 lakh

You could pay off both in under 8 months

After debt-free:

You keep monthly loan EMI capacity (~Rs?25,000) free

This frees up room for savings and child planning

Step 3 – Health and Life Insurance
Before investing, secure your health and income risk.

Get a family floater health cover of at least Rs?10 lakh

Add a super top-up of another Rs?10–15 lakh to cover serious illnesses

Ensure coverage for both you and spouse

For life cover:

Get term insurance worth Rs?1–2 crore each

This protects your wife and future children

Buy through a Certified Financial Planner for guidance and bundle benefits.

Step 4 – Child Planning Fund
You plan a child next year, so you need medical and planning fund.

Allocate Rs?3 lakh separately for prenatal and early life care.

Invest in a liquid or ultra-short-term debt mutual fund or recurring deposit.

Keep it aside and do not touch it for other goals.

Step 5 – Investment Plan Post Debt-Free
Once debt is cleared and emergency fund is built, it is time to invest.

You will have a free surplus of around Rs?1.92 lakh monthly.

After child expense set-aside, you can invest about Rs?1.35 lakh/month:

Rs?25,000 per month towards investing in mutual funds

Rs?10,000 monthly contingency buffer

Additional SIP of Rs?80,000/month for retirement and future goals

Step 6 – Asset Allocation for Retirement
Since you’re 35 and aiming to retire at 50–52, your investment strategy must combine growth with some safety.

Suggested mix:

Large/Flexi?Cap Funds ~40% of equities

Mid/Small?Cap Funds ~30% (for growth)

International Equity Funds ~10% (for diversification but not excessive)

Hybrid/Balanced Advantage Funds ~20% (for stability)

Avoid index funds—they mirror the market with no downside protection.

Also avoid direct plans—they give no advisory help. Regular plans with MFD + CFP give guidance, reviews, and risk control.

Step 7 – SIP Investment Strategy
With Rs?80,000 allocated monthly, you could set up:

Flexi?cap fund – Rs?25,000

Mid?cap fund – Rs?15,000

Small?cap fund – Rs?10,000

Large?cap fund – Rs?10,000

International fund – Rs?8,000

Balanced hybrid fund – Rs?12,000

These SIPs, over 15–17 years, should build a substantial retirement corpus.

Review allocation annually and adjust with income inflation and life needs.

Step 8 – Corpus Requirement by 50–52 Years
To retire at age 50–52 (15–17 years from now), you must build corpus to fund lifestyle and future needs.

Estimate:

Monthly household need: Rs?1 lakh (including inflation buffer and child education)

Annual need: ~Rs?12 lakh

Withdrawal rate: Use conservative 3.5?4% rule

You need a corpus of Rs?3–3.5 crore by retirement age.

Your SIP plus market growth (10–12% CAGR) over 15 years can help reach this target.

Step 9 – Emergency & Contingency Even After Retirement
Never dip into retirement funds for emergencies.
After retirement, keep 1 year of living expenses liquid.

Keep easy access funds or hybrid debt instruments for emergency needs.

Step 10 – Annual Portfolio Monitoring
Review your investments and allocation every year

Use a Certified Financial Planner

Rebalance as needed

Keep investing as per inflation and life changes

Monitor tax and withdrawals

Avoid These Mistakes
Don’t keep excess money in bank or recurring deposits

Don't hold index funds—no risk mitigation

Don’t go for direct plans—they lack expert support

Don’t use investment cum-insurance products

Avoid taking new debt while investing

Don’t adjust SIPs based on short-term market noise

Final Insights
You’ve taken strong steps to rebuild after a difficult phase.
With systematic debt repayment, insurance, savings, and investing, retiring by 50–52 is achievable.
Use a 3-layered structure:
Emergency → Debt-free → Retirement SIPs
By investing Rs?80,000/month via regular mutual funds, you can build ~Rs?3 crore corpus.
Stay disciplined with investment and annual reviews to secure your family’s future.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 02, 2025

Asked by Anonymous - Jul 14, 2025Hindi

Money

I am 37 Years. Salaried. Annual Income from Salary Post Tax - 5L per month, Rental Income - 1.5L per Month. EPF - 37L, Gold - 35L , Emergency Fund- 1L SIP - 40K per month (5.75L Invested). Total Home Loan 3.3Cr, EMI - 3.5L per month. Medical Insurance - 1Cr cover (Annual 35K premium) Term Insurance - 3Cr (3L premium- 7 premiums to pay) I have a Daughter 4 years. Wife is also Working. I dont want to consider her income at this moment. I dont have Car at this moment and looking to buy new one (Fortuner/Similar budget). How can I plan Car purchase? Also what should be my plan to reduce Home loans? I will continue to work untill 45-50 if my Health is stronger.

Ans: – You have shared a detailed financial picture.
– Your income, discipline, and future vision are strong.
– This gives good hope and flexibility.
– Still, car purchase and high loan need clear planning.
– Let’s assess from all angles to reduce risk and improve confidence.

» Understand Your Current Cash Flow
– Salary income is Rs 5 lakh per month, post-tax.
– Rental income adds Rs 1.5 lakh monthly.
– Total regular income is Rs 6.5 lakh per month.
– EMI is Rs 3.5 lakh. That’s more than 50% of income.
– SIP of Rs 40,000 and premium of Rs 3 lakh yearly adds pressure.
– Emergency fund is only Rs 1 lakh, which is too low.

» Review Your Emergency Preparedness
– You need minimum 6 months of expenses as emergency fund.
– At least Rs 10-12 lakh must be parked safely.
– Rs 1 lakh is not sufficient if job loss or health issue arises.
– This must be built before car purchase.
– Use liquid mutual funds or sweep-in FDs for this.
– Emergency fund should be top priority.

» Analyse Current Investment Holdings
– EPF of Rs 37 lakh is a long-term asset.
– SIPs worth Rs 5.75 lakh started well.
– But amount is low compared to your income.
– You are not investing enough for future goals.
– Gold of Rs 35 lakh is useful but non-earning.
– It is passive and does not give cash flow.

» Your Debt is Extremely High
– Rs 3.3 crore home loan is a heavy burden.
– EMI is Rs 3.5 lakh per month.
– This is over 50% of your net income.
– Ideally EMI should not exceed 30-35%.
– Your current EMI restricts other investments.
– It also blocks your liquidity.

» Planning Your Car Purchase Carefully
– A Fortuner costs about Rs 50 lakh on road.
– Avoid car loan. It adds extra EMI load.
– Don’t use emergency funds for car.
– Don’t use gold either.
– If needed, part-sell gold only if it gives capital gains.
– Car is a depreciating asset.
– Treat it as an expense, not investment.

– Consider a delayed car purchase by 12-18 months.
– In this period, build a separate car fund.
– Save Rs 2-2.5 lakh per month in a separate account.
– Use ultra short debt mutual funds for car savings.
– Don’t take personal loan or car loan.
– That adds strain to your already high EMI.

» Increase SIP Gradually After Car Purchase
– After car goal is met, shift that amount into SIPs.
– Target at least Rs 1-1.5 lakh SIP per month.
– You need to build large corpus before age 50.
– Current SIPs are too small for your income level.
– Increase SIP every year based on income growth.

» Don’t Use Index Funds at This Stage
– Index funds only copy market without adjusting.
– They don’t perform better in tough markets.
– You need better fund management at this life stage.
– Use actively managed funds through regular plan.
– Work with a Certified Financial Planner to select funds.
– Don’t invest in direct plans without support.

» Direct Funds Have Hidden Disadvantages
– Direct plans may look cheaper, but give no help.
– Wrong scheme, wrong timing can reduce returns.
– You won’t get review, rebalancing, or risk alignment.
– Regular plans offer support and performance tracking.
– Use MFD with CFP credential for goal-linked SIPs.

» Home Loan Reduction Strategy
– Don’t rush to close full loan.
– Maintain good tax benefits under 80C and 24b.
– But look at reducing EMI ratio.
– Use rental income partly to prepay principal yearly.
– Even Rs 10-15 lakh annual prepayment helps.
– Increase EMIs slightly instead of long tenure.

– Avoid full EPF withdrawal for prepayment.
– EPF is long-term, and has stable compounding.
– Don’t break it early.
– Use annual bonus or windfall gains to reduce loan.
– Sell under-performing assets if needed for prepayment.

» Don't Surrender Term Insurance
– You are paying Rs 3 lakh annual premium.
– Only 7 premiums left.
– This policy will support your family.
– Don’t discontinue it.
– Term cover of Rs 3 crore is justified at this stage.

» Medical Insurance is Strong
– Rs 1 crore medical cover is good.
– Premium is affordable at Rs 35,000 yearly.
– Continue this for full family.
– Ensure it is independent of employer policy.

» Start Daughter’s Education Planning Early
– Your daughter is 4 years old now.
– You have around 13-14 years for college.
– Start a separate SIP for this.
– Set a target amount in mind.
– Use actively managed equity mutual funds.
– Do not use ULIPs or insurance-linked plans.
– Track growth every year and adjust if needed.

» Create a Family Emergency Plan
– Apart from emergency fund, keep family documents ready.
– Keep list of investments, policies, loans and passwords.
– Inform spouse about where all are kept.
– Keep nominee details updated for all assets.

» Review All Investments Yearly
– Keep rebalancing your portfolio.
– Don't just accumulate.
– Review with a Certified Financial Planner yearly.
– Remove non-performing assets.
– Replace poor SIPs with better ones after review.

» Delay Early Retirement Unless Fully Prepared
– You plan to retire at 45 or 50.
– That is just 8 to 13 years away.
– Your corpus now is not enough.
– Loan is still heavy.
– SIPs are small.
– You need Rs 7 to 10 crore for early retirement.
– Don’t retire early without backup plans.

» Gold is Not Giving Cash Flow
– Rs 35 lakh in gold is good value.
– But it is idle capital.
– Use part of it only when needed.
– Don’t over-expose more funds into gold.
– Don’t use gold to buy car.

» Rental Income Must Be Used Wisely
– Rs 1.5 lakh rental monthly is good cash flow.
– Use Rs 50,000 from it to build emergency fund.
– Use Rs 50,000 for prepayment of home loan.
– Invest balance Rs 50,000 into daughter’s goal or retirement.
– Don’t use rental income for regular expenses.

» Don’t Buy Another Property
– You already have property with loan.
– Don’t invest in more real estate.
– It locks your capital.
– Rental yield is low in India.
– Mutual funds are more flexible and liquid.

» Track Your Net Worth Yearly
– Prepare your personal balance sheet every year.
– Track asset vs liabilities.
– If liability is high, reduce it first.
– Slowly build asset-heavy net worth over 10 years.

» Plan Car Ownership Expense Also
– Fortuner’s insurance, fuel, maintenance is high.
– Expect Rs 30,000 to 40,000 monthly upkeep.
– Don’t ignore this in monthly planning.
– Use surplus rental to offset these costs.

» Finally
– Your income is strong and stable.
– You are in a good financial phase.
– But home loan is high and emergency fund is low.
– First build emergency fund to 6 months of expenses.
– Delay car purchase and avoid car loan.
– Build separate fund for car over next 12 months.
– Don’t buy car with gold or EPF.
– Increase SIPs slowly after car goal.
– Prepay home loan using rental income partly.
– Continue medical and term cover.
– Start dedicated SIP for daughter’s higher education.
– Avoid index funds and direct funds.
– Choose regular plans with Certified Financial Planner help.
– Review investments once a year.
– Don’t retire early unless your net worth supports it.
– If you follow this plan, you can reach goals smoothly.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ramalingam Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2025

Asked by Anonymous - Jul 19, 2025Hindi

Money

Am 32 years old with salary of 1 lakh per month and monthly expenses of around 60-70k as am single earning member of my family of 5, recently married, no kids and all my savings have been depleted in marriage and I don't have any savings or investment. I only have one term insurance of 1 crore and medical coverage for myself of 10 lakh and PF of around 1lakh. I would like to start savings & investment journey to retire by 50 but I also have to buy a house(cost around 40 lakh) in next 10 years & car in next 4 years. Please guide me what should be my savings and investment strategy

Ans: You are 32 years old. You have just started your married life.
You have no savings currently but have a steady income. You are also supporting your family.
You want to buy a car in 4 years, a house in 10 years, and retire by 50.
These are clear and realistic goals. Starting now with the right plan is very important.

Let’s look at your profile in a 360-degree view and build a complete strategy for your savings and investments.

? Family and Financial Responsibilities

– You are newly married and supporting a family of 5.
– You are the only earning member at present.
– You have no kids now, but this may change in a few years.

Right now, your family depends fully on your income. So, stability and discipline are very important.

? Income and Expense Overview

– You earn Rs. 1 lakh per month.
– Monthly expenses are Rs. 60K–70K.

This leaves you with Rs. 30K–40K surplus per month.
This is a strong base to begin your financial journey.

It is very important to save at least Rs. 25K from this every month.

? Current Assets and Insurance Cover

– Term insurance of Rs. 1 Cr is active.
– You have health cover of Rs. 10L for yourself.
– EPF balance is around Rs. 1L.
– No other savings or assets currently.

You have taken the first correct steps by starting term and health cover.
Make sure health cover includes family members as they are dependent on you.
As you grow older, adding family floater will be a wise move.

? Emergency Fund Is Your Next Priority

– You don’t have any emergency fund now.
– This is your first and most urgent step.

Start building a minimum of Rs. 1.5L–2L over the next 6 months.
This should be parked in a safe liquid or ultra-short debt fund.
Do not invest this in equity. Keep it easily accessible.

This is your buffer for job loss, hospital expenses, or urgent needs.

? Set Your Financial Goals Clearly

You have shared three goals. Let's plan them in detail:

– Car purchase (Rs. 8–10L in 4 years)
– House purchase (Rs. 40L in 10 years)
– Retirement (at age 50, in next 18 years)

All these goals have different timelines. So, different strategies are needed.

? Goal 1: Car Purchase in 4 Years

– Budget is around Rs. 8–10L.
– Don’t take a car loan. Start saving monthly instead.

Invest Rs. 10K–12K/month in ultra-short or short-term debt funds.
These are safer for short-term goals. They give better returns than FDs.

Avoid equity mutual funds for this goal. You don’t have enough time to recover losses if the market falls.

When goal is 12 months away, move all funds to liquid fund.

Car is a depreciating asset. So, buy within your means. Avoid emotional spending here.

? Goal 2: House Purchase in 10 Years

– Estimated cost: Rs. 40L.
– You may need Rs. 8L–10L as down payment.

For this goal, equity mutual funds can be used in the beginning.
But slowly reduce risk as you approach the goal year.

Invest Rs. 10K–12K/month into actively managed mutual funds.
Avoid index funds. They are average performers and don’t protect you during market falls.

Actively managed funds, when reviewed regularly, give better outcomes.
Start with a mix of large-cap and flexi-cap mutual funds.

Do not choose direct plans without advisor help.
– Direct plans have no guidance, no reviews, and lead to poor fund choice.
– Regular plans with MFDs who are CFPs provide goal-based planning and corrections.

When you are 3 years away from the house goal, shift from equity to debt funds.
This protects you from market risk. Don’t let a market crash affect your house plan.

? Goal 3: Retirement by Age 50

– You have 18 years to build retirement wealth.
– Since you have no savings now, this needs focus.

Start with Rs. 8K–10K/month into actively managed mutual funds.
You can increase this as your income grows.

Choose a mix of large-cap, flexi-cap, and balanced advantage funds.
Don't invest all in aggressive funds. Balance is key.

EPF and retirement corpus must grow side by side.
Don’t withdraw EPF early. Let it compound.

Also, consider opening NPS to get tax benefit and build retirement asset.
Limit NPS to 10–15% of total retirement plan. Too much NPS can reduce post-retirement liquidity.

Do not depend on real estate for retirement. It is illiquid.
Also, rental income is uncertain and property sales take time.

Keep equity mutual funds as your main retirement engine.

Review the plan every 2 years with a Certified Financial Planner.

? Systematic Investment Plan (SIP) Allocation

With Rs. 30K–35K surplus, you can follow this SIP plan:

– Rs. 10K/month → Car purchase (in debt funds)
– Rs. 12K/month → House down payment (in equity funds)
– Rs. 10K/month → Retirement goal (in diversified mutual funds)
– Rs. 2K–3K/month → Emergency fund (in liquid fund)

As your income increases, raise SIPs each year by 10–15%.

Stick to this discipline for the next 5 years and your financial position will be strong.

? Don’t Take Investment Advice from Banks or Unqualified Sources

Avoid random product selling by banks.
They push what earns them the most, not what suits you.

Avoid endowment, ULIP, or investment-insurance policies.
These give poor returns, long lock-ins, and very little flexibility.

Also, avoid annuities in future. They give fixed income, but poor inflation adjustment.

You need flexible, growing income after retirement. Mutual funds offer that.

? Avoid Index Funds and Direct Plans

Index funds look cheap but come with big disadvantages:
– No downside protection during market crash
– Poor performance during sideways markets
– Cannot outperform benchmarks
– Passive strategy may not meet your goal timelines

Direct mutual funds are low-cost, but come with high risk for new investors:
– No guidance
– No goal tracking
– High chances of wrong fund selection
– No portfolio review or corrections

Regular funds via a Mutual Fund Distributor with CFP help offer better goal-based investing.
The advisory support helps you avoid mistakes and stay on course.

? Tax and Investment Planning

Use EPF and NPS for tax savings under Section 80C and 80CCD(1B).
Start SIPs in ELSS only if you haven’t reached the 80C limit.

Plan MF redemptions smartly to avoid capital gains tax.
As per new rules:

– LTCG above Rs. 1.25L/year on equity MFs is taxed at 12.5%
– STCG is taxed at 20%
– Debt fund gains are taxed as per your slab

So always avoid churning funds without need. Review redemptions carefully.

? Next 6 Months Plan of Action

– Build Rs. 2L emergency fund in liquid funds
– Start SIP of Rs. 10K/month in debt funds for car goal
– Start Rs. 12K/month SIP in equity funds for house goal
– Start Rs. 10K/month SIP for retirement
– Avoid new liabilities or emotional spends

Track each SIP goal separately. Don’t mix funds.
Label your folios for clear tracking (car, house, retirement, etc.)

? Final Insights

You are starting at zero. But you have time on your side.
A disciplined start today will build a safe future.

Start slow, but stay consistent. Avoid reacting to short-term events.

Invest with a Certified Financial Planner who offers regular tracking.
You will avoid mistakes and reach your financial goals in time.

Your future is in your hands. Plan it with patience and proper direction.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Reetika Sharma |417 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Nov 13, 2025

Question by Syed - Oct 22, 2025Hindi

Money

My current age is 41 Years old and private employe in I.T sector. I have five kids of 11,8,7,5 &2 years. My elder daughter is in 7th class now. I have monthly Net salary of 1 lakhs after taxes. I am saving 20/30 thousand monthly. My assets are as follows:- I have one house worth Rs.15 lakhs, Two commercial shops worth Rs, 50 L. Having no loan in the market. Insurance Rs. 50 L term plan for me. Yearly I pay 40k. Health insurance 11 lakh for my entire family from my organisation.Yearly I pay 20k. I maintain an emergency fund 1.5 lac liquid on hand. Would like to make a total fund og 5 Cr by 2035. I have a requirement during higher education for childerns/marriage/Business for my son's and retirement at my age of 51 yrs after 10 years. How to grow my income. I would like to focus on high-growth investment to achieve my goal. But I am planning to invest monthly from my salary. More ever I may get 4lack in next month. Now the thing is how to go about 4lack. Where to invest Am confused what to do. Kindly advise further for more wealth creation. Steady plan. Wealth builds slowly but surely. Can someone help design a withdrawal/Saving strategy to meet your income needs and achieve goal. I would like comfortable retirement with a steady income. Thanks....

Ans: Hi Syed,

Let us have a detailed look below:
- Your monthly income - 1 lakhs, expenses - around 75k , and money for saving - approx. 25k per month.
- Emergency fund - 1.5 lakhs . Would suggest you to make a FD of this fund as emergency fund.
- Term and Health insurance - covered. But sum assured is less for your family. It should be increased.
- One house - 15 lakhs; 2 commercial shops - 50 lakhs.

Requirements:
- Need 5 crores by 2035 i.e. in 10 years
- Need fund for higher education and marriage of 5 children
- Retirement corpus required after 10 years

To achieve all these goals, you need to invest starting right now in aggressive mutual funds with 25-30k left with you. And you can increase your investment with the increase in your income.
Realistically, retirement after 10 years is not possible, but you can try and upgrade your skills to earn more and invest more.

You are also getting 4 lakhs next month. Invest entire amount in aggressive mutual funds. Mutual funds will give you an annual return of 14-15% very easily. This is the best way to build wealth for the goals that you mentioned.
>> Make sure to stay away from LIC policies and ULIPs and other plans which lock your money.

As you are not much aware about mutual funds and investment, you should work with a professional who will draft a plan for you.

Hence, please 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/

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Asked by Anonymous - Nov 14, 2025Hindi

Career

My son is preparing for JEE. He wants to pursue Mathematics in the future.Just wanted to know, which are the acclaimed universities which are good for research in the field of Maths , which he can aim for?, and can resaerch also be a career option in our country?. Thank you.

Ans: Hello
IITs are the top institutions wherein you can take Applied Maths. Apart from that Indian Statistical Institute, Chennai Mathematical Institute, IISc Bangalore, Tata Institute of Fundamental Research, IISERs are the other good options in our country.

Mayank Chandel |2569 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Dec 08, 2025

Question by Amit - Nov 21, 2025Hindi

Career

Sir mera ek doubt hai ki maine class 12th 2024 me diya hai bihar board se aur jee mains first time appear in 2025 bit jee advanced ke liye qulify nahi kar paye to mai jee advanced 2026 ke liye ellible honge aur agar mai nios se dubara 12th de kar jee mains ke form me apperaing fill kar de to kya tab jee advanced 2026 ke liye ellible honge plese sir maine bahut logo se pucha hai lekin koi kabhi koi answer deta hai aur 1 hours baad koi aur answers mai ummeed karta hu ki aap mujhe honest answer denge

Ans: Hello Amit
Aap JEE-Advanced 2026 nahi de paoge.

Mayank Chandel |2569 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Dec 08, 2025

Question by barnalimahata - Nov 22, 2025Hindi

Career

I have state government obc from government of West Bengal, my community is also listed in central obc list so do I need to make obc issued by central government for reservation in IIT

Ans: Hi
Yes, you will need to make obc issued by the central government for reservation in IIT/NIT/IIITs

Anu Krishna |1746 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Dec 08, 2025

Question by Shubha - Dec 07, 2025Hindi

Relationship

Have read some of your answers and I am appalled as to how biased you seem. To most daughters in law you have suggested basically to shut up and best abuse for ‘family peace’ whereas when a man complains of his wife being close to her mother you go like ‘oh what a woman’. Looking at your profile one expects you would teach your clients assertiveness, self respect and fairness.

Ans: Dear Shubha,
Thank you for looking up my responses.
A while back a man accused me of being biased towards the woman and you are accusing me of being biased towards a man; there's no pleasing everyone, yeah?
Whatever you have gleaned to come to a conclusion of 'oh what a woman' and you saying that I am asking people to shut up, is something you may have to reflect upon.
A small guiding tip for you: We read and understand based on what we WANT to read and understand. Without throwing labels here, I can say that a crusader of women's rights will always start with the premise of 'everything is against women' and operate from there; you get the drift? Will help you reflect deeper!
My responses have and will always be objective and will continue to guide people to a better life.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ramalingam Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 08, 2025

Asked by Anonymous - Dec 08, 2025Hindi

Money

Hi i am 40M. would request your help to understand what should be the corpus required for retirement as i want to get retired in next 3-5yrs. currently my take home is 2.3L monthly & my wife also works but leaving the job in next 2-3 months. we have a daughter 10yrs, currently i stay on rent and total monthly expense is 1.1L month. once i will retire we will shift in our own parental flat, where hopefully there will be no rent. current Investments 1. 50L in REC bonds getting matured in 2029 2. 42L in stocks 3. 17L in MF 4. 16L FD 5. 15L in PPF 6. 1.3L SIP monthly i do My Wife Investments 1. 30L corpus 2. flat with current value 40L and we get rental of 10K monthly. Please guide what should be the retirement corpus required combined to retire, assuming i need 75L for my daughter post grad and marriage and we would be requiring 75K monthly for our expenses after retiring

Ans: You have explained your income, goals, current assets, and future plans with great clarity. Your early planning spirit is strong. This gives a very good base. You can reach a peaceful retirement with smart steps in the next few years.

» Your Current Position

You are 40 years old. You plan to retire in 3 to 5 years. You earn Rs 2.3 lakh per month. Your wife also works but will stop working soon. You have one daughter aged 10. Your current monthly cost is around Rs 1.1 lakh. This cost will reduce after retirement because you will shift to your parental flat.

Your investment base is already good. You have saved in bonds, stocks, mutual funds, PPF, FD, and SIP. Your wife also has her own savings and rental income from a flat. All these create a good starting point.

This early base helps you plan stronger. It also gives room for more shaping. You are on the right road.

» Your Family Goals

You need Rs 75 lakh for your daughter’s higher education and marriage.

You want Rs 75,000 per month for family living after retirement.

You want to retire in 3 to 5 years.

You will shift to your parental flat after retirement.

You will have rental income of Rs 10,000 from your wife’s flat.

These goals are clear. They give direction. They allow a strong plan.

» Your Present Investments

Your investments include:

Rs 50 lakh in REC bonds maturing in 2029.

Rs 42 lakh in stocks.

Rs 17 lakh in mutual funds.

Rs 16 lakh in fixed deposits.

Rs 15 lakh in PPF.

Rs 1.3 lakh as monthly SIP.

Your wife holds:

Rs 30 lakh corpus.

A flat worth Rs 40 lakh with rent of Rs 10,000 each month.

Your combined net worth is healthy. This gives good power to build your retirement fund in the coming years.

» Understanding Your Expense Need After Retirement

You expect Rs 75,000 per month after retirement. This includes all basic needs. You will not have rent. That reduces cost. This assumption looks fair today.

Your cost will rise with inflation. So you must plan for rising needs. A strong retirement corpus must support rising cost for 40 to 45 years because you are retiring early.

An early retirement needs a large buffer. So you need safety along with growth. Your plan must include growth assets and safety assets.

» How Much Monthly Income You Will Need Later

Rs 75,000 per month is Rs 9 lakh per year. In future years, this cost can rise. If we assume steady rise, your future cost will be much higher.

So the retirement corpus must be designed to:

Give monthly income.

Beat inflation.

Support you for 40 to 45 years.

Protect your family even in market down cycles.

Allow flexibility if your needs change.

A strong retirement fund must support both safety and long-term growth.

» How Much Corpus You Should Target

A safe target is a large and flexible corpus that can support long years without running out of money. For early retirement, the usual thumb rule suggests a very high number. This is because you need income for many decades.

You need a corpus big enough to produce rising income. You also need a cushion for unexpected health costs, lifestyle shocks, and inflation changes.

Your target retirement corpus should be in a strong range. For your needs of Rs 75,000 per month and for goals like daughter’s education and marriage, you should aim for a combined retirement readiness corpus in the higher bracket.

A safe range for your family would be a very large number crossing multiple crores. This large range gives you:

Income safety.

Inflation protection.

Peace during market cycles.

Comfort in long life.

Room for daughter’s future.

Strong backup for health.

You are already on the way due to your existing assets. You will reach close to this range with systematic building over the next 3 to 5 years.

» Why You Need This Larger Corpus

You will retire early. That means more years of living from your corpus. Your corpus must not fall early. It must grow even after retirement. It must give monthly income and long-term family protection.

This is only possible when the corpus is strong and well-structured. A weak corpus creates stress. A strong corpus creates freedom.

Also, your daughter’s future cost must be kept aside. This must be parked in a separate fund. This must not touch your retirement money.

A strong corpus makes these two worlds separate and safe.

» Your Existing Assets and Their Strength

You already have good diversification:

Bonds give safety.

Stocks give growth.

Mutual funds give managed growth.

FD gives stability.

PPF gives tax-free long-term savings.

This blend is already a good start. But you need to make the blend more structured for early retirement.

Your Rs 1.3 lakh monthly SIP is also strong. It builds your future fast. You should continue.

Your wife’s rental income is small but steady. This adds strength.

Your combined financial base can reach your retirement target if you refine your allocation now.

» Your Daughter’s Future Fund Need

You need Rs 75 lakh for your daughter’s education and marriage. You should keep this goal separate from your retirement goal.

Your current SIP and future allocations should create a dedicated fund for this goal. A long-term fund can grow well when managed actively.

Do not mix this fund with your retirement needs. Mixing leads to shortage in old age. Always keep this corpus ring-fenced.

» A Strong Asset Mix For Your Retirement Path

A balanced mix is needed. You need growth assets to beat inflation. You also need stable assets for income.

You must avoid index funds because they do not give flexibility. Index funds follow a fixed index. They cannot make active changes in different markets. They cannot move to better stocks when markets change. They force you to stay in weak sectors for long. They also do not help you in down cycles because they cannot protect you by shifting to safer options. This can hurt retirement planning.

Actively managed funds are better because:

They give active asset selection.

They give scope for better returns.

They give flexibility to change sectors.

They give downside management.

They give access to a skilled fund manager.

They support long-term planning more safely.

Direct plans also carry risk. Direct plans do not give guidance. They do not give behavioural support. They do not give market timing help. They do not give portfolio shaping. They leave all the judgement to you. One mistake can cost years of wealth.

Regular plans with guidance from a Certified Financial Planner help you shape decisions. They help you remain disciplined. They help you avoid panic. They help you decide allocation changes at the right time. This saves wealth in long-term.

» How Your Investment Journey Should Grow in the Next 3–5 Years

Continue your SIP.

Increase SIP when your income rises.

Shift part of your stock holding into planned long-term mutual funds to reduce concentration risk.

Build a defined daughter’s education fund.

Keep a part of your REC bond maturity amount for long-term.

Avoid locking too much into fixed deposits for long periods.

Build a safety fund for one year of expenses.

This will create a full structure.

» Your Rental Income Role

Your rental income of Rs 10,000 per month is small but steady. Over time it will rise. This income will support your monthly cash flow after retirement.

You can use this for utilities or health insurance premiums. This gives a cushion.

» Your Emergency Buffer

You should keep at least one year of essential cost in a safe place. This can be in a liquid account or short-term fund. This protects you in shocks.

Since you plan early retirement, a strong buffer is important. It gives peace even in low months.

» A Structured Retirement Approach

A complete retirement plan for you should include:

A clear monthly income plan after retirement.

A corpus that can grow and protect.

A rising income system that matches inflation.

A separate daughter’s future fund.

A health cover plan for your family.

A tax-efficient withdrawal plan.

A market cycle plan to protect you in tough times.

This holistic approach keeps your family strong for decades.

» What You Should Build by Retirement Year

Your aim should be to reach a strong multi-crore range in investments before retirement. You already hold a large amount. You will add more in the next 3 to 5 years through SIP, stock growth, bond maturity, and disciplined saving.

Once you reach your target range, you can start the shifting process:

Move a part to stable assets.

Keep a part in long-term growth assets.

Create a monthly income strategy.

Keep a reserve bucket.

Keep a child future bucket.

Keep a long-term growth bucket.

This structure protects you in all market conditions.

» Final Insights

Your financial journey is already strong. You have a good income. You have saved well. You have multiple asset types. You have a clear timeline. And you have clear goals. This foundation is solid.

In the next 3 to 5 years, your focus should be on growing your combined corpus to a strong multi-crore range, keeping a separate fund for your daughter, reducing risk in unplanned assets, and building a stable long-term structure.

With the present path and a disciplined structure, you can retire peacefully and support your family with confidence for many decades.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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

Samraat Jadhav |2499 Answers |Ask -Follow

Stock Market Expert - Answered on Dec 08, 2025

Question by Debasis - Dec 06, 2025Hindi

Money

I sold at Rs 3500000.00 lakhs

Ramalingam Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 08, 2025

Question by Saket - Dec 07, 2025Hindi

Money

Hello my name is saket, I monthly salary is 43k and my saving is zero. My Rent is 15 k and 10 k i send to my parents. How can i save money and investments.

Ans: 1. Your Current Monthly Numbers

Salary: Rs 43,000

Rent: Rs 15,000

Support to parents: Rs 10,000

Left with: Rs 18,000 for food, travel, bills, and savings

You have very little room, but saving is still possible if done smartly.

2. First Step: Build a Small Emergency Buffer

You must build Rs 10,000 to Rs 20,000 emergency money.
This protects you from taking loans for small issues.

How to build it:

Save Rs 3,000 to Rs 5,000 every month in a simple bank savings account

Do this for the next few months

Don’t touch it unless truly needed

3. Create a Mini Budget (Very Simple One)

Try this split from the remaining Rs 18,000:

Daily living (food + transport): Rs 10,000 – 11,000

Personal expenses (phone, internet, basics): Rs 3,000 – 4,000

Savings + investments: Rs 3,000 – 5,000

If this feels difficult, reduce food/transport costs by small adjustments.

4. Where to Invest Once You Have Emergency Money

(For minors: This is general education. For actual investing, get guidance from a trusted adult or family member.)

After you build emergency money, start small monthly investing.

You can begin with:

Rs 1,000 to Rs 2,000 SIP in a simple, diversified equity fund

Increase the SIP whenever salary increases or expenses reduce

Avoid complicated products.
Keep it simple.
Focus on consistency.

5. Easy Practical Ways to Increase Saving

These small moves help a lot:

Avoid food delivery

Use public transport as much as possible

Reduce subscriptions you don’t use

Fix a daily expense limit

Keep a separate bank account only for savings

Even Rs 200 saved daily = Rs 6,000 monthly.

6. Increase Income Slowly

Try small income boosters:

Weekend tutoring

Freelancing

Part-time projects

Selling old gadgets

Learning new skills for future salary growth

Even Rs 3,000 extra income changes your savings life.

7. Build the Habit First

The amount doesn’t matter in the beginning.
The habit matters more.

Even saving Rs 500 every month is better than zero.
Once salary grows, you will already know how to save.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Radheshyam Zanwar |6737 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Dec 08, 2025

Question by Dipasha - Dec 07, 2025Hindi

Career

Hello sir.. Mera class 12th main PCB tha but biology mai repeat aya hain aur english, physics, chemistry mai pass hu.. If mai biology NIOS se exam dungi toh kya mai NEET ke liye eligible ho jaungi?? Please answer

Ans: Your question and follow-up question are already answered. Please copy and paste the following link in your browser to read it - https://gurus.rediff.com/question/qdtl/career/neet-aspirant-meri-class-12-m-physics-m-repeat-thi/5248200

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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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