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Ramalingam Kalirajan |10874 Answers |Ask -Follow

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

Question by ankit on Feb 02, 2024Hindi

Money

I have balace in my account of 1.5 crore. I am 35 yr old. I have no debt of any kind. I have daughter (2 yr old) and wife. I would like to invest 1.5 cr wisely. First goal 1 cr for my daughter when she is 18. Second goal get monthly income to support my monthly expenses. I would like to semi-retire. My monthly expense is about 60000 INR per month.

Ans: You stand at a significant crossroad, holding a treasure that has the potential to shape your future and your daughter's. Investing wisely is akin to tending to a garden; it requires patience, knowledge, and care to see it flourish.

For your daughter's future, earmarking a portion of your corpus can act as a seed for her higher education or other life milestones. It's a legacy you're building, ensuring she has a strong foundation to embark on her own journey.

Simultaneously, creating a source of monthly income to cover your expenses is a noble aspiration. Think of it as planting a tree whose fruits sustain you, allowing you to enjoy the shade it provides without worrying about the scorching sun.

To achieve these goals, a Certified Financial Planner can help chart a path tailored to your needs, ensuring your investments align with your aspirations. Remember, it's not just about the destination but the journey, making every step count towards a fulfilling future.

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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Moneywize | Answer |Ask -Follow

Financial Planner - Answered on Jan 27, 2024

Asked by Anonymous - Jan 26, 2024Hindi

Money

Hi, My age is 38. Married. My daughter is 4 years old. My monthly salary is Rs. 1.02 lakh . Monthly expense - Rs. 30,000 and Current commitments are: Home Loan EMI - Rs. 32,011 (4 months completed. 20 years tenure) Term Insurance - 75 lakh (Annual premium - Rs. 32,000 for 10 years. 7 more premium pending) Current NPS Balance - Rs. 100,000. Investing Rs. 25,000 pm SSY - Rs. 15,000 pm. APY - Rs. 509 pm I'm planning to save for emergency corpus fund, get a medical insurance floater policy. My short term goal is to save Rs. 15 lakh within 5 years for registeration and interior work for house. My long term goals are for daughter's graduation, post-graduation and wedding, retirement at 58 years. I took investment risk as I am an aggressive investor and planning to invest more in stocks. Also, I want to diversify the portfolio and invest across asset class. What would you suggest?

Ans: It's great that you have a clear understanding of your financial goals and have started making investments. Here are some suggestions to align your investment strategy with your goals:

Emergency Corpus Fund:

• Aim for at least 3-6 months' worth of living expenses as an emergency corpus. Given your monthly expenses are Rs. 30,000, target an emergency fund of Rs. 90,000 to Rs. 1,80,000.
• Consider keeping this fund in a liquid or easily accessible instrument like a savings account or a short-term fixed deposit.

Medical Insurance:

• Get a comprehensive family floater health insurance policy. Ensure that the coverage is adequate to handle medical expenses for you, your spouse, and your daughter. The coverage should include hospitalisation expenses, critical illness coverage, and other relevant features.
• Review your policy periodically to make sure it remains adequate for your family's needs.

Short-Term Goal (Rs. 15 lakh in 5 years):

• Consider a mix of equity and debt instruments to achieve this goal. Since it's a short-term goal, a balanced approach is advisable. You may allocate a portion to equity mutual funds and the rest to fixed-income instruments like debt mutual funds, recurring deposits, or short-term bonds.
• Regularly monitor the progress towards your short-term goal and make adjustments as needed.

Long-Term Goals (Daughter's education, marriage, retirement):

• Since you have a long investment horizon for your daughter's education, marriage, and your retirement, you can afford to take more risk. Continue investing in equity-oriented instruments for these goals.
• Diversify across asset classes such as equity mutual funds, Public Provident Fund (PPF), Employee Provident Fund (EPF), and other suitable investment options.
• Gradually increase your equity exposure and consider allocating a portion to international funds for additional diversification.

Diversification and Asset Allocation:

• Ensure your portfolio is well-diversified across different asset classes (equity, debt, gold) to manage risk effectively.
• Periodically rebalance your portfolio to maintain the desired asset allocation based on your risk tolerance and financial goals.
• Keep an eye on the performance of individual investments and make adjustments if needed.

Regular Review and Monitoring:

• Regularly review your portfolio's performance and make adjustments based on changes in your goals, risk tolerance, and market conditions.
• Reassess your insurance needs periodically to make sure your coverage aligns with your family's requirements.
• As your income increases, consider increasing your monthly investments to align with your financial goals.

Remember, it's crucial to consult with a financial advisor to tailor a plan that suits your specific needs and risk tolerance. Adjust your strategy as life circumstances change, and stay disciplined in your long-term investment approach.

Sunil Lala | Answer |Ask -Follow

Financial Planner - Answered on Feb 11, 2024

Question by ankit - Feb 02, 2024Hindi

Money

I have balace of 1.5 crore in my saving account. I am 35 yr old. I have no debt of any kind. I have daughter (2 yr old) and wife. I would like to invest 1.5 cr wisely. First goal 1 cr for my daughter when she is 18. Second goal get monthly income to support my monthly expenses. I would like to semi-retire. My monthly expense is about 60000 INR per month.

Ans: Invest partly in Multcap, large & midcap & mid cap mutual fund

Ramalingam Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Question by Vivek - Mar 19, 2024Hindi

Money

Hi, my age is 29. Married. My daughter is 8 months old. My monthly salary is Rs. 1.33L PM. Monthly expense - Rs. 35,000 Current commitments are: Home Loan EMI - Rs. 43,535 (8 months completed. 30 years tenure) Term Insurance - 1cr (Annual premium - Rs. 36,000 for 10 years. 7 more premium pending) Current NPS Balance - Rs. 75,000. Investing Rs. 15,000 pm SSY - Rs. 12,500 pm. APY - Rs. 409 pm I'm planning to save for Emergency Corpus Fund, get a medical insurance floater policy. My short term goal is to save Rs. 20 lakhs within 4 years for registeration and interior work for house. My long term goals are for daughters UG education, wedding, retirement at 55 years. I took investment risk test and Im an aggressive investor and planning to invest more on equity. Also, I want to diversify the portfolio and invest across asset class.

Ans: It's great to see your proactive approach to financial planning! With your solid income and clear goals, here's a suggested plan:

Emergency Corpus Fund: Aim for 6-12 months' worth of living expenses in a high-yield savings account for emergencies.
Medical Insurance Floater Policy: Ensure adequate coverage for your family's healthcare needs, including your daughter.
Short-Term Goal - House Expenses: Consider a mix of equity and debt mutual funds for potential growth while safeguarding against market volatility.
Long-Term Goals - Daughter's Education, Wedding, Retirement: Continue investing in equity through mutual funds or stocks for higher returns over the long term. Also, explore options like PPF, NPS, and diversified funds for diversification across asset classes.
Review and Adjust: Regularly review your portfolio's performance and make adjustments as needed to stay on track with your goals.
Remember, financial planning is dynamic. Consulting a Certified Financial Planner can provide personalized guidance tailored to your unique circumstances and aspirations. With discipline and strategic investing, you'll be well-positioned to achieve your financial dreams.

Ramalingam Kalirajan |10874 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 21, 2025

Asked by Anonymous - Jul 20, 2025Hindi

Money

Hi Sir, I am 35 years old and I am earning monthly in-hand of 64k, I am doing 3600 ok index MF and 1k for oppertunity MF, i have 2 life insurance which i pay one 4500 monthly and 50k per Annum, All expenses and loans are taken care by my spouse, I have 2 kids one is 9 years old and another is 2 years old I need corpus of 2 cr for my elder son and 2 cr for my younger son, apart from this i have 6 cents in town taken to sell in later future for my kids education, I can still invest 30k monthly for my kids future , can you please help me out where and how to invest strictly to achieve my target . Thanks in advance sir.

Ans: You are 35, earning Rs 64,000 monthly. You have two life insurance policies, two kids aged 9 and 2, and your spouse manages family expenses and loans. You aim to build Rs 2 crore corpus each for both kids. That is a total of Rs 4 crore. You can invest Rs 30,000 monthly toward this goal. You are also investing Rs 3,600 in an index fund and Rs 1,000 in an opportunity fund. You hold a 6 cent land as a backup.

Let’s now plan how to achieve your Rs 4 crore goal smartly and safely.

? Understanding Your Financial Goals

– You have two major education goals.
– Each child’s education needs Rs 2 crore.
– You have around 9 years for your elder child.
– You have around 16 years for your younger child.
– Rs 30,000 monthly investment is available for both goals.
– You also hold land as a future backup.

? Why Your Current Investments May Not Work

– You invest Rs 3,600 in an index fund.
– Index funds don’t suit goal-based investing.
– They follow the market without managing downside.
– They fall as much as the market during crisis.
– They offer no active decisions or risk control.
– For child education, you need less risk and more control.
– You also invest Rs 1,000 in an opportunity fund.
– That is too low to make any real impact.

? Disadvantages of Index Funds

– Index funds don’t protect capital in falling markets.
– They don’t rebalance between safer and growth assets.
– No fund manager actively manages risks.
– In a bad market, they can lose 30%–40%.
– You may panic and stop SIP.
– That puts your child’s future at risk.
– Goal-based investing needs active control.
– That comes only from actively managed funds.
– Stay away from index funds in education planning.

? Why Regular Plans Are Better than Direct Plans

– Direct mutual funds save commission.
– But they give no personalised support.
– You must track performance and do rebalancing alone.
– That is not easy when markets crash or underperform.
– Regular plans through MFD with CFP give guidance.
– A CFP gives discipline, tracking, and rebalancing support.
– For education goals, advice is more important than saving fees.
– A Certified Financial Planner is like a doctor for your goals.
– Don’t go direct unless you are a market expert.

? Assessing Your Insurance Policies

– You pay Rs 4,500 per month and Rs 50,000 per year.
– That is Rs 1.04 lakh per year in insurance.
– These are likely traditional endowment or moneyback plans.
– They give low returns of 4% to 5%.
– These plans also lock your money for long.
– If you have term insurance separately, you can surrender these.
– Use surrender proceeds to invest in mutual funds.
– If surrender value is low now, make it paid-up.
– Do not continue new premiums in these policies.
– Insurance is not investment. Keep both separate.

? Create Separate Portfolios for Each Child

– Elder child has 9 years.
– Younger child has 16 years.
– Don’t mix both goals.
– Use separate SIPs and tracking for each.
– This helps you plan better and track clearly.

? Investment Plan for Elder Son (Rs 2 Cr in 9 years)

– Use 70% equity and 30% debt mix.
– Use large & midcap, flexicap and balanced advantage funds.
– Add 1 conservative hybrid or short-term debt fund.
– Keep SIP of Rs 18,000 monthly here.
– Review portfolio every year.
– Reduce equity slowly after 6 years.
– Shift to hybrid or short-term funds for safety.
– Avoid risk in last 2 years before goal.
– Also don’t withdraw everything at once.
– Withdraw in 3–4 steps to reduce market risk.

? Investment Plan for Younger Son (Rs 2 Cr in 16 years)

– You have time on your side.
– Use 80% equity and 20% debt mix.
– Choose smallcap, midcap, flexicap, and multi-asset funds.
– Add short-term debt or conservative hybrid for safety.
– Start with Rs 12,000 monthly SIP here.
– Equity gives better growth in long term.
– After 10 years, shift slowly to less risky funds.
– Don’t wait till last year to change allocation.
– Final years should be more safe and steady.
– Avoid all equity in the last 2 years.

? Investing in Actively Managed Mutual Funds

– Choose mutual funds managed by good fund houses.
– Use regular plans through an MFD with CFP.
– A Certified Financial Planner helps in goal review.
– They will rebalance yearly.
– They reduce risk in falling market.
– They help stay calm during volatility.
– This avoids sudden withdrawal mistakes.
– Active funds also help beat index returns.
– Long-term equity returns of 11%–13% are possible.
– Use SIPs to stay consistent.

? Tax Planning on Mutual Fund Returns

– Long-term capital gains above Rs 1.25 lakh are taxed at 12.5%.
– Short-term capital gains in equity are taxed at 20%.
– Debt fund gains are taxed as per your slab.
– Withdraw carefully in last years to avoid high tax.
– Use growth option, not dividend.
– Avoid too many switches to save tax.

? Monitoring and Goal Adjustment

– Review your portfolio every year.
– Check whether returns are matching your goal.
– If gap is large, increase SIP by 5% yearly.
– Even small top-up helps meet goal faster.
– Remove poor performing funds.
– Add better quality funds based on advice.
– Don’t invest blindly by star rating.
– Get advice from a CFP for every fund change.
– Track your corpus vs goal every year.

? What to Do with 6 Cents Land

– Don’t count this for your Rs 4 crore goal.
– Treat it only as a backup safety net.
– When you sell it, invest full amount into same goal fund.
– Don’t keep money in savings account.
– Use it to reduce SIP burden or fast-track goal.
– Don’t delay sale hoping for big appreciation.
– Liquidity matters more than paper value in emergency.

? Avoiding Investment Traps

– Don’t invest in chit funds or gold schemes.
– Don’t buy ULIPs or child plans from agents.
– Don’t invest in NFOs or complex structures.
– Don’t go by friends’ suggestions or trending funds.
– Stick to your goal-based strategy.
– Focus on safety, consistency and clarity.

? Insurance Correction for Protection

– Make sure you have term insurance of at least Rs 1 crore.
– Premium should be low and pure term plan.
– Don’t mix investment and insurance.
– Also have Rs 10–15 lakh family health cover.
– Medical emergencies can derail education savings.
– Protect your goals with insurance and emergency fund.

? Build a Simple Action Plan

– Stop all old traditional insurance plans.
– Split Rs 30,000 monthly SIP into two goal plans.
– Use 4–5 actively managed mutual funds for each.
– Maintain proper goal tracking sheet.
– Review with a CFP once every year.
– Do goal-top-up every 2–3 years if needed.
– Focus more on safety in later years.
– Aim for Rs 4 crore in total by careful investing.

? Finally

– You are already thinking for your children’s future.
– That itself puts you ahead.
– Rs 30,000 monthly SIP is a good start.
– You also have land as extra support.
– Don’t depend on index or direct funds.
– Use active mutual funds via trusted MFD with CFP.
– Review goals yearly and adjust as needed.
– Protect with term and health insurance.
– Avoid fancy plans and confusing products.
– Keep it simple, goal-based and consistent.

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

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Question by Shubha - Dec 07, 2025Hindi

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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.

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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?
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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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