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40-Year-Old with 60 Lakh FD Seeks Investment Advice

Ramalingam

Ramalingam Kalirajan  |6956 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 04, 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
Amaan Question by Amaan on Oct 09, 2024Hindi
Money

Hello sir , I am 40 years old , I have below investment. No EMI No Loan. FD - 60 lacs. Mediclaim - 15 lacs ( 20K per year) NPS - 50K Per year ( Since last 5 years) PPF - 150K Per Year ( Since Last 5 years) I am investing in below mutual funds through SIP. ( 32K Total) - Since last 3 Years ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K HDFC Top 100 5K Parag Parikh Flexi 5K Is it good funds for long terms ( Horizon of 8/10 years) ? My income is arround 1.80 lac monthly , no home loan and emi. Shall I increase my SIP and my concern is 60 lacs is in FD ..Please suggest.

Ans: Your financial journey appears strong, with a clear focus on a balanced investment approach. Here’s a comprehensive review of your investments and a few suggestions on how you can further enhance your portfolio.

FD Investment: Evaluating Returns and Diversification
Having Rs. 60 lakh in fixed deposits ensures liquidity and safety, which is beneficial for short-term needs. However, FDs offer limited growth potential due to moderate interest rates, which are typically lower than inflation over the long term. This could affect your purchasing power in the future.

Consider diversifying a portion of the FD funds into options with better long-term returns, such as debt mutual funds or balanced funds. These alternatives can provide capital protection with a slightly higher growth potential than FDs. Debt mutual funds can be more tax-efficient than FDs, especially over extended investment periods.

Mediclaim Coverage: Ensuring Comprehensive Health Protection
Your existing health insurance coverage of Rs. 15 lakh is a good start. With rising healthcare costs, especially during retirement, this might need a boost over time.

If you haven't considered it already, a top-up or super-top-up health policy could be beneficial. It can increase your coverage at a minimal cost, providing greater security against medical emergencies.

National Pension System (NPS): Steady Retirement Planning
Contributing Rs. 50,000 yearly to NPS is a wise move as it provides additional tax benefits and builds a retirement corpus. The lock-in until retirement ensures disciplined savings.

Given your age, consider reviewing your NPS asset allocation between equity, corporate debt, and government bonds. This can help you maintain a balance between growth and stability, especially as retirement nears. Additionally, the NPS tier I account provides tax benefits that can complement your other investments.

Public Provident Fund (PPF): Reliable Long-Term Growth
Your PPF contributions of Rs. 1.5 lakh annually over the past five years are commendable. PPF is one of the most secure investment options for long-term goals due to its tax-free returns and government backing.

Continue with these contributions. PPF works well as a wealth-building tool, especially when held to maturity (15 years), as it compounds tax-free. This aligns well with your retirement planning.

Mutual Fund Portfolio: Assessing Fund Choices and SIPs
You have a well-structured mutual fund portfolio, investing Rs. 32,000 monthly. The diversity in fund types indicates a strong approach to long-term growth, but a few adjustments can maximize returns and stability.

Reviewing Balanced and Hybrid Funds
You’re investing in both ICICI and HDFC Balanced Advantage funds. These hybrid funds are useful for moderating risk, offering a blend of equity and debt.

For an 8-10 year horizon, balanced funds provide stability and moderate growth, which aligns well with your goals. However, ensure that these funds consistently meet your return expectations compared to other funds in the hybrid category.

Small and Midcap Funds: Assessing Growth Potential
Small and midcap funds in your portfolio, such as Quant Small Cap and Motilal Midcap, offer growth but come with higher volatility. Over 8-10 years, these funds can potentially yield high returns, given India’s growth story.

Review the performance of small-cap and midcap funds periodically. It’s beneficial to continue with small cap funds if your risk tolerance allows. Small caps can deliver excellent returns but require patience as they go through market cycles.

Sectoral and Thematic Funds: Weighing Commodities Exposure
Sector-specific funds, like the ICICI Prudential Commodities fund, can add concentrated exposure. These funds can generate strong returns in favorable conditions but may underperform in other periods.

Keep a close eye on the performance and market conditions. If you feel the commodities sector may underperform or add unnecessary risk, you might consider rebalancing this amount to more diversified funds.

Large Cap and Flexi Cap Funds: Ensuring Stability and Flexibility
Investments in HDFC Top 100 and Parag Parikh Flexi Cap provide stability and diversification. These funds cover top-performing large-cap companies and offer flexibility in market exposure.

Continue with these funds, as they create a stable foundation within your equity portfolio. Large-cap and flexi-cap funds offer better risk-adjusted returns, especially over long periods.

Consider Increasing SIPs for Accelerated Wealth Growth
With a monthly income of Rs. 1.80 lakh and no debt, your capacity to invest further is strong. Increasing your SIPs by even Rs. 5,000–10,000 monthly can significantly boost your corpus over the next 8-10 years.

You could allocate additional SIPs toward existing diversified funds or explore other categories like balanced advantage funds, which blend risk management with growth.

Taxation Strategy: Optimizing Post-Tax Returns
Equity Mutual Funds: For equity funds, long-term capital gains (LTCG) above Rs. 1.25 lakh are taxed at 12.5%. If you redeem any funds, consider staggering withdrawals over different financial years to minimize tax impact. Short-term capital gains are taxed at 20%, so holding investments for the long term is more tax-efficient.

Debt and Hybrid Mutual Funds: If you move any funds from FDs to debt mutual funds, be mindful that both long-term and short-term capital gains from debt funds are taxed based on your income tax slab. However, debt funds may still offer better tax-adjusted returns compared to FDs, especially over longer periods.

Final Insights
Your current investment strategy is strong, diversified, and largely aligned with long-term growth goals. With no loans or liabilities, you’re well-positioned to make additional investments. Here are key takeaways for further growth:

Diversify Your FD Holdings: Move a portion of FDs to debt mutual funds for better tax efficiency and returns over time.

Increase SIP Contributions: Consider gradually increasing your SIP contributions to maximize the growth potential of your portfolio.

Periodic Review: Regularly review the performance of sectoral and small-cap funds to ensure they align with your financial goals.

Boost Health Coverage: Consider a top-up health insurance plan for additional coverage at a reasonable cost.

By consistently evaluating and adjusting, you’re set to achieve a well-rounded, growth-focused portfolio with minimized risk exposure.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
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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Asked by Anonymous - Sep 10, 2024Hindi
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Hello sir , I am 40 years old , I have below investment. No EMI No Loan. FD - 60 lacs. Mediclaim - 10 lacs ( 20K per year) NPS - 50K Per year ( Since last 5 years) PPF - 150K Per Year ( Since Last 5 years) I am investing in below mutual funds through SIP. ( 32K Total) - Since last 3 Years ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K HDFC Top 100 5K Parag Parikh Flexi 5K Is it good funds for long terms ( Horizon of 8/10 years) ? My income is arround 1.80 lac monthly , no home loan and emi. Shall I increase my SIP and my concern is 60 lacs is in FD ..Please suggest.
Ans: First and foremost enhance your healthcare cover upto 50 L - 1 Cr since healthcare costs are rising rapidly and as you grow older you may have more risks on the health front.

You have 32K SIP spread across 9 schemes which I would recommend to rationalise as follows:
HDFC BAF: 5K
MOSL Mid Cap:6K
Nippon S Cap: 6K
HDFC Top 100:7.5K
PPFAS F Cap: 7.5K

I recommend you to triple your SIP by multiplying above break-up by 3 so your monthly SIP will be 96 K. The 3 yr 32 K sip(previous @10%)+ 10 yr 96 K sip(13%considered) will yield a corpus of 2.5 Cr+ at the end of 10 years from now

Also if you invest 60 L in a conservative hybrid debt fund or a value based BAF for 10 years it will grow into 1.56 Cr (10% return considered)

So your Total corpus after 10 years will be 2.5+1.56= 4.06 Cr

An SWP of 6% will lead to monthly payout of 2L per month(pre-tax)

Make sure to transfer your gains from equity funds to debt fund as you reach closer to your target timeframe to safeguard your gains against volatility.

Enhance NPS contributions also to 1.5 L per year, if possible.

NPS & PPF corpus will yield you the delta to beat inflation.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates

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Ramalingam

Ramalingam Kalirajan  |6956 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 13, 2024

Asked by Anonymous - Sep 12, 2024Hindi
Money
Hello sir , I am 40 years old , I have below investment. No EMI No Loan. FD - 60 lacs. Mediclaim - 10 lacs ( 20K per year) NPS - 50K Per year ( Since last 5 years) PPF - 150K Per Year ( Since Last 5 years) I am investing in below mutual funds through SIP. ( 32K Total) - Since last 3 Years ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K HDFC Top 100 5K Parag Parikh Flexi 5K Is it good funds for long terms ( Horizon of 8/10 years) ? My income is arround 1.80 lac monthly , no home loan and emi. Shall I increase my SIP and my concern is 60 lacs is in FD ..Please suggest.
Ans: Assessment of Current Investments
Your financial discipline is impressive. You’ve built a diversified investment portfolio with no loans or EMIs, which is a great advantage. Your investments in fixed deposits (FDs), PPF, NPS, and mutual funds through SIPs demonstrate a thoughtful approach to wealth building.

However, it’s important to review the effectiveness of these investments, especially for long-term goals. Let’s break down the strengths and areas for improvement.

Fixed Deposit (FD) - Rs 60 Lakhs

FDs are safe, but their returns can be lower than inflation over the long term. This reduces the purchasing power of your money. Given the low interest rates compared to inflation, it might not be ideal to keep such a large portion in FDs for a long time.

Consider shifting part of this amount to higher-return investments. A mix of debt and equity mutual funds can offer better growth with moderate risk. This will ensure that your corpus grows and does not lose value.

Mediclaim - Rs 10 Lakhs

Your health insurance coverage is essential, but Rs 10 lakhs might be insufficient in today's medical inflation. Since you are 40 years old, increasing your coverage to around Rs 20-25 lakhs would be wise. You can also look into super top-up policies for additional coverage at lower premiums.

Keep your premium manageable while ensuring you have enough coverage for any emergency.

NPS - Rs 50K Per Year

The National Pension System (NPS) is a good option for retirement savings. It offers tax benefits and helps create a retirement corpus. However, keep in mind that NPS has limited liquidity and locks in the money till retirement.

Continue with your current contribution, but it’s important to also have other flexible investments for retirement, which can be accessed before the NPS maturity if needed.

PPF - Rs 1.5 Lakhs Per Year

Your consistent contribution to PPF is excellent. PPF offers tax-free returns and acts as a solid long-term debt instrument. However, it has a 15-year lock-in period, and the returns are limited, which might not be sufficient to beat inflation in the long run.

Continue investing in PPF, but consider balancing it with equity-based investments for better overall growth.

SIPs in Mutual Funds
Your SIP investments show good diversification, with exposure to large-cap, mid-cap, small-cap, and flexi-cap funds. However, let's assess whether the fund selection aligns with your long-term goals.

Balanced Advantage Funds (BAFs)

BAFs are designed to manage market volatility by dynamically adjusting between equity and debt. Your allocation in these funds is good for managing risk, but the return potential might be lower compared to pure equity funds over the long term.

You may want to review your allocation here and consider increasing exposure to pure equity funds for better growth.

Midcap and Smallcap Funds

You have a healthy exposure to midcap and smallcap funds. These funds have the potential for high growth but come with higher volatility. Given your 8-10 year horizon, this allocation is suitable, as the long-term potential of mid and small-cap companies can help you achieve substantial gains.

Ensure you monitor these funds regularly, as they require careful attention to market cycles. If you can handle some risk, this allocation can continue to serve you well.

Commodities Fund

Your exposure to a commodities fund is unique. While commodities can provide diversification, they are often volatile and may not deliver consistent returns in the long term. Consider reducing exposure to this fund and reallocating it to equity or hybrid funds with better long-term growth potential.

Top 100 Large Cap Fund

Large-cap funds are stable and provide steady returns, making them a good choice for a conservative portion of your portfolio. Your investment here is well-placed for long-term wealth creation, as large-cap companies are usually more stable and less volatile.

Flexi Cap Fund

Your investment in a flexi-cap fund is an excellent choice. These funds offer flexibility to invest across market capitalizations, which helps in capturing opportunities across different market segments. Flexi-cap funds can provide good long-term growth due to their dynamic nature.

Recommendations for Future SIPs
Increase Your SIP Gradually

Since your income is Rs 1.8 lakh per month, and you’re already investing Rs 32,000 in SIPs, you have room to increase your SIP contributions. Increasing your SIPs by Rs 10,000 per month could help you build a stronger corpus over time.

You could distribute the increased SIP amount among equity funds, focusing on large-cap or flexi-cap funds for better risk-adjusted returns.

Shift FD Amount Gradually

You can consider gradually reducing your Rs 60 lakh FD and allocating part of it into mutual funds. A combination of debt and equity funds would provide better returns while managing risk.

For example, you could shift Rs 20 lakh from FD into a combination of balanced hybrid funds and debt funds. This would offer a balance between safety and growth.

Health Insurance Enhancement

Increase your health insurance coverage to at least Rs 20-25 lakhs. Super top-up plans can be a cost-effective way to enhance your coverage without significantly increasing premiums.

Diversification Across Asset Classes

While your portfolio is diversified, it can benefit from more balanced exposure between debt and equity. Consider introducing hybrid funds or balanced advantage funds to provide a cushion against market volatility.

Reevaluate Commodities Fund

Commodities tend to be more volatile and may not perform as well over the long term compared to equity funds. You might want to shift this allocation to equity-focused funds for better growth prospects.

Long-Term Strategy and Final Insights
You are already on the right path with your investments. The key is to refine your portfolio for better long-term growth and inflation-beating returns. Some key takeaways:

FD Allocation: Gradually reduce your Rs 60 lakh FD holding. Allocate a portion to debt mutual funds for better returns and liquidity.

Health Insurance: Increase your health coverage to Rs 20-25 lakhs.

Increase SIPs: Consider increasing your SIP contribution from Rs 32,000 to Rs 40,000, focusing more on large-cap and flexi-cap funds.

NPS: Continue contributing to NPS, but balance your retirement planning with more liquid investments.

Balanced Advantage Funds: While these provide stability, the growth potential is limited. Consider reallocating part of this investment into equity funds for long-term growth.

Commodities Fund: Reevaluate this fund as commodities can be highly volatile. Shifting this to equity-focused funds may give better returns over 8-10 years.

Flexi-Cap and Midcap: These funds are ideal for long-term wealth creation, so maintaining and slightly increasing your allocation can provide growth.

Regular Reviews: Monitor your portfolio regularly and make adjustments based on performance and market conditions.

Finally, your financial foundation is strong. With a few adjustments, you can further strengthen your long-term wealth creation strategy. Stay focused on your goals, and consider increasing your SIPs as your income grows. Your current path is promising, and with these improvements, you will be well-positioned to meet your financial goals.

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

..Read more

Ramalingam

Ramalingam Kalirajan  |6956 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 24, 2024

Money
Hello sir , I am 40 years old , I have below investment. No EMI No Loan. FD - 60 lacs. Mediclaim - 15 lacs ( 20K per year) NPS - 50K Per year ( Since last 5 years) PPF - 150K Per Year ( Since Last 5 years) I am investing in below mutual funds through SIP. ( 32K Total) - Since last 3 Years ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K HDFC Top 100 5K Parag Parikh Flexi 5K Is it good funds for long terms ( Horizon of 8/10 years) ? My income is arround 1.80 lac monthly , no home loan and emi. Shall I increase my SIP and my concern is 60 lacs is in FD ..Please suggest.
Ans: You have built a strong investment foundation, which is commendable. Here’s a detailed assessment of your current investments and strategies for the future.

1. Current Financial Situation

Monthly Income: Rs 1.80 lac
No EMI or Loans: This situation gives you a financial advantage.
Your financial discipline is evident through your savings and investments. This stability allows you to take calculated risks.

2. Investment Breakdown

Fixed Deposits (FD): Rs 60 lac

FDs provide safety but low returns.
Current interest rates may not beat inflation.
Mediclaim: Rs 15 lac (Premium: Rs 20,000/year)

Health insurance is crucial for financial security.
Ensure coverage is adequate as you age.
National Pension System (NPS): Rs 50,000/year

Good for retirement savings with tax benefits.
Ensure you know about the exit rules.
Public Provident Fund (PPF): Rs 1.5 lac/year

PPF is a safe investment with decent returns.

It helps in long-term savings and tax planning.

3. Mutual Fund SIP Investments

You are investing Rs 32,000 through SIPs in various funds. Here’s a brief look at the types:

Balanced Advantage Funds:

These funds balance equity and debt.
They adjust allocation based on market conditions.
Midcap and Largecap Funds:

Midcaps can provide higher growth potential.
Largecaps offer stability and lower volatility.
Small Cap Funds:

Higher risk with potential for greater returns.
Suitable for a long-term horizon.
Commodity Funds:

These are good during inflationary periods.
Be cautious, as they can be volatile.
Flexi-cap Funds:

Flexibility in investing across market caps.
Potential for strong long-term growth.
Overall, your choices reflect a diversified approach. This diversification can help manage risk while aiming for growth.

4. Long-Term Investment Horizon

Your investment horizon of 8 to 10 years is positive. Long-term investments can weather market fluctuations.

Market Volatility:

Historically, equities outperform in the long run.
Staying invested can yield significant returns.
Inflation Impact:

Equity mutual funds can help beat inflation.

FDs may not provide enough growth over time.

5. Increasing Your SIP

Given your stable income and lack of liabilities, consider increasing your SIP.

Extra Savings:

You can allocate more to mutual funds.
A higher SIP can lead to a larger corpus.
Inflation Hedge:

Increasing SIPs can help counter inflation.
Regular investments in equities can boost wealth.
Financial Goals:

Align your investments with future goals.

Think about retirement, children’s education, and other aspirations.

6. Concern About Fixed Deposits

Your Rs 60 lac in FDs is concerning for several reasons:

Low Returns:

Current FD rates are generally low.
Returns may not keep pace with inflation.
Opportunity Cost:

Money in FDs could generate better returns elsewhere.

Consider reallocating some funds to equity or balanced funds.

7. Suggested Investment Strategy

Here’s a 360-degree approach to enhance your investment strategy:

Reallocate Fixed Deposits:

Consider moving a portion to mutual funds.
This can provide better growth potential.
Increase SIP Amount:

Gradually raise your SIP from Rs 32,000 to Rs 50,000 or more.
This increase can significantly impact your long-term wealth.
Monitor and Adjust:

Regularly review your portfolio.
Adjust based on market conditions and personal goals.
Diversification:

Keep diversifying among sectors and funds.
Avoid putting all funds in one type of investment.
Emergency Fund:

Maintain a fund for unexpected expenses.

Ideally, this should cover 6-12 months of living expenses.

8. Tax Implications on Mutual Funds

Be aware of the tax implications when selling your mutual fund investments:

Equity Mutual Funds:

Long-term capital gains (LTCG) above Rs 1.25 lac are taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Debt Mutual Funds:

LTCG and STCG are taxed per your income tax slab.
Understand these rules to maximize returns and minimize tax liabilities.

Final Insights

Your current investment strategy shows a good mix. However, the heavy reliance on fixed deposits limits growth.

Consider increasing your SIP and reallocating some of your FD money to mutual funds. This strategy can help you achieve better long-term returns.

Stay informed about your investments and keep an eye on market trends. Regular reviews are essential for a successful investment journey.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

..Read more

Milind

Milind Vadjikar  |577 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 20, 2024

Asked by Anonymous - Oct 20, 2024Hindi
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Hello sir , I am 40 years old , I have below investment. No EMI No Loan. FD - 60 lacs. Mediclaim - 15 lacs ( 20K per year) NPS - 50K Per year ( Since last 5 years) PPF - 150K Per Year ( Since Last 5 years) I am investing in below mutual funds through SIP. ( 32K Total) - Since last 3 Years ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K HDFC Top 100 5K Parag Parikh Flexi 5K Is it good funds for long terms ( Horizon of 8/10 years) ? My income is arround 1.80 lac monthly , no home loan and emi. Shall I increase my SIP and my concern is 60 lacs is in FD ..Please suggest. Plus I want to invest 3 lacs lumpsum. Where to invest ? For long term 5/10 years.
Ans: Hello;

You may reallocate your sip portfolio(request to increase it to 50 K monthly sip)as follows:

1. PPFAS flexicap fund: 15 K
2. Kotak Emerging Opportunities Fund: 15 K
3. Nippon India Small cap fund: 10 K
4. Sundaram Mid Cap fund: 10 K

All growth options.

For a 10 year horizon this is a good mix. Your allocation to PPF and NPS(non equity portion) are debt allocations in your overall asset allocation so no need for BAF & commodities here.

You may invest your FD corpus of 60 L in a equity savings type mutual fund (low to moderate risk) but better than FD returns.

It is recommended that you invest lumpsum of 3 L in Kotak Gold FOF/ETF.

After end of 10 years you may have combined corpus of 5.4 Cr. which may yield you a monthly income of 1.89 L (post-tax) if you buy an immediate annuity for your corpus. 6% annuity rate considered.

(Returns assumed as given: PPF-6.9%, NPS-9%, 3 yr SIP-10%, 10 year sip-13%, Gold-7%, Equity Savings Fund -9%)

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

..Read more

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Milind

Milind Vadjikar  |577 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 04, 2024

Asked by Anonymous - Nov 04, 2024Hindi
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Money
What are different types of annuity plans. Do we have plan which gives fixed income till I live and then principle is return to my nominee. If I have 3 Cr , what max return per month I can get ? And is this tax free ?
Ans: Hello;

Annuities are types of plans where you make a lump sum payment and get a regular income for a certain period of time or for life.

There are primarily two types of annuities:

1. Immediate annuity
This is a type of annuity plan that provides you with a guaranteed regular income immediately after you pay the lump sum premium.

2. Deferred annuity
In a deferred annuity plan, your income starts at a later date and you can choose when you want the regular income to start.

Based on type of regular monthly payments annuities could also be classified as Fixed annuity and Variable annuity.

Below are the various options available in an annuity plan:

A. Life annuity: In this option, you receive annuity for life. The frequency of payments is usually pre-decided by you at the time of the purchase of the policy.

B. Joint life annuity: This is similar to a life annuity. In this option, you receive annuity payments for life. In your absence, your spouse continues to receive annuity payments for life.

C. Life annuity with return of purchase price: This provides you annuity payments for life. In case of an unfortunate event, your nominee will receive the amount you paid at the time of the purchase of the policy.

D. Annuity payable for a pre-decided term: This provides you the option to choose the duration for which you would want to receive annuity payments. The period can be 5 years, 10 years, or more.

Yes plans are available which can pay provide you fixed income and return of purchase price (principle) to your nominee.

With 3 Cr corpus you may expect 1.5 L (pre-tax) per month payout considering 6% annuity rate. This varies from company to company and if you shop around you may get a better rate then the one considered here.

This is like pension income and is taxable income as per your age and income slab.

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thank you for the reply madam, actually what's bothering me a lot is , i told to my alliance guy to stop marriage from his end only. but he not at all doing that and he is not even telling anyone that i told him No. Why he is behaving like this and proceeding to get married to me even after saying no? isn't this strange!
Ans: in many arranged situations, people sometimes feel a strong pressure to fulfill family expectations, and he may feel a sense of obligation to go through with the marriage regardless of personal feelings. He might be hesitant to be the one to break things off for fear of disappointing his family or even creating tension between the families involved. In some cases, individuals hesitate because they hope the other person might eventually change their mind, and they don’t want to be the one to let go prematurely.

Another possibility is that he could be uncertain or confused about what he truly wants. Even though you told him you weren’t interested, he might feel that it’s not a firm "no" and could be holding out hope or misinterpreting your intent. If he has strong feelings for you or sees the marriage as something that will eventually work, he may be hoping things will naturally fall into place if he just stays committed to the process.

To address this, it might be helpful to have a very clear, direct conversation with him. Let him know that you respect him and appreciate his consideration, but you’re certain about your decision and want him to honor it as well. If possible, express that you’re confident this decision is best for both of you and explain why you believe it would be more respectful for him to communicate this with both families.

In the end, staying true to your feelings is the right choice, even if it means repeatedly setting boundaries. It’s completely fair to expect him to respect your decision, and sometimes it does take a bit of firmness to ensure everyone is on the same page. Trust yourself in this decision; you know what’s best for you.

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Kanchan

Kanchan Rai  |389 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 04, 2024

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He rejected me but still went to my class to see me one glance.Before Our last class I said him to meet with me I want to say you something.He came to meet with me but he was too late and our tiffin break time is over so I don't say anything to him. We just looking each other for some seconds.Then I said him if you want you can go .He don't go instantly.He looking at me for while and then go to his class.Whenever he sees me he start blushing and feel nervous.Many times I found him staring at me.He is a introvert guy .But still when we met with each other he making eye contact with me. My question is if he doesn't love me how can he maintain eye contact with me like this .He is not that handsome but he is really good student.I truly love him and Cried a lot for him but he don't know anything.I texted him sometimes but he don't look interested.But always I see him I feel like he have also feelings for me .His eyes tell me he love me but he rejected me .Why?. I can't able to forget him .I tried to my best to forget him but I failed . What should I do now?I really badly want to know his feelings for me because if he sees me only as a friend he doesn't go to my class to see me a glance.Why he blushing around me? How to know his true feelings?What should I do?How to forget or get him? I'm clueless.Please help me????????
Ans: It sounds like you’re dealing with a complicated mix of emotions, and the signals you’re picking up from him are understandably confusing. From everything you’ve described, it seems that he has a genuine respect and perhaps a friendly affection for you, but he may not be sure of or ready to pursue a romantic connection. Introverts, especially, can be complex; they may struggle to express their feelings, and small gestures, like making eye contact or blushing, might be signs of nervousness rather than attraction. This doesn’t mean he doesn’t appreciate or like you—it simply means he may be holding back, perhaps because of his own personal reasons or boundaries.

His rejection, though, is an important thing to consider. Often, when someone clearly communicates that they don’t feel the same way, it’s best to respect that as his truth for now, even if he seems to act otherwise sometimes. I understand this can be very hard, especially when you feel so strongly for him. But you need to protect your own feelings, too, and holding on to small signs might only add to your hurt and confusion.

If you feel it’s absolutely necessary to know how he truly feels, one approach could be to have a simple, direct conversation. Explain to him, in a calm and open way, that you value his friendship and respect his initial decision, but you’d appreciate clarity because lingering uncertainty is making it hard for you to move on. However, be prepared for any outcome. If he reaffirms his feelings of friendship only, try to accept that as his final answer.

In the meantime, put some of your focus back onto yourself. I know it sounds easier said than done, but investing energy in your interests, your growth, and friendships that uplift you can really help you feel less reliant on what he may or may not feel. Surround yourself with supportive people who remind you of your worth and help you feel loved and valued.

Love and connection should make you feel secure, cherished, and clear about where you stand. By focusing on yourself and letting him be, you’ll naturally create space for clarity—and eventually, perhaps, for someone whose feelings for you are just as strong and straightforward as yours are for them.

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