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How to Invest Freshly for Long Term after Spending on a New Home?

Milind Vadjikar |1120 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 16, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Hayat on Feb 15, 2025Hindi

Money

Hello sir I am 35 years old working in SBI with annual salary of around 20 lacs.Husband is also Railway employee and cricket coach with Annual income of around 15-20 lacs.We are based in lko We own a house worth 1.00 cr and have recently purchased anotger villa for self occupancy for around 1.7 Cr with a staff HL of Rs 91.00 lacs.Another liability is a staff car loan of rs.10.00 lacs with EMI 8000/-.We have 2 kids studying in class 8th and nursery. Please provide guidance to start our investment freshly for long term as we have spent our savings on buying home.

Ans: Hello;

Please provide following inputs:

1. Average monthly expenses (regular)

2. Total loan EMIs for a month

3. Emergency fund/EPF/PPF balance, if any.

This will help to guide you suitably.

Thanks;

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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Hello, I am a salaried individual posted in Gurgaon hailing from Mumbai. Can I claim HRA for both Gurgaon and Mumbai, as my daughter aged 19 is staying in Mumbai and I am paying rent for both the locations. My annual Basic is 17.8 lacs and HRA is 10.65 lacs.

Ans: hi,
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If my PF is not deducted after 58 years, then how will I get my PF and CTC amount

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Ans: Hello;

Please furnish precise details about his work history, EPF, EPS contribution, active UAN and what claim is being raised now.

Thanks;

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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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