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Ramalingam

Ramalingam Kalirajan  |9126 Answers  |Ask -

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
Sonia Question by Sonia on Jan 16, 2024Hindi
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Hello, I have a monthly saving of approximately rs 6000 in nps, rs7000 in pf with the rate of interest of approx 6.9, rs 23000 in SBI small cap mf, rs 16000 in ICICI prudential Blue chip mf, rs 5000 in kotak gold fund mf and rs 3000 in HDFC index s&p BSE sensex mf. I am 31 years old and i would like to know how much should I increase the investment and/ if I need to reallocate my sip to ensure retirement at 50 years old with a monthly expenses of 1lc.

Ans: You're off to a good start with your investments! Given your age and the goal of retiring at 50 with a monthly expense of 1 lakh, you have approximately 19 years to achieve this goal. Here are some suggestions to align your investments with your retirement goal:

Increase SIPs: At 31, you have time on your side. You might want to consider increasing your SIP amounts annually, perhaps by 10-15% to account for inflation and salary increments.
Reallocation:
Equity Allocation: Given your long-term horizon and age, you can afford to have a higher allocation to equities. Consider reallocating more towards equity mutual funds.
Diversification: Ensure you're not overly concentrated in a single asset class. Diversify across large-cap, mid-cap, and small-cap funds to spread the risk.
NPS & PF: NPS and PF are good vehicles for retirement savings, but they are more conservative. You might want to consider taking some risk by increasing your equity exposure through mutual funds to potentially earn higher returns.
Review & Rebalance: Periodically review your portfolio to ensure it aligns with your goals and risk tolerance. Rebalance if necessary to maintain your desired asset allocation.
Emergency Fund: Ensure you have an emergency fund equivalent to 6-12 months of expenses in a liquid and safe instrument.
Consult a Financial Advisor: Given the complexity of retirement planning, it might be beneficial to consult a financial advisor who can provide personalized advice based on your financial situation, goals, and risk tolerance.
Remember, retirement planning is a marathon, not a sprint. Consistency, discipline, and periodic reviews are key to achieving your retirement goals.
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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Hi , I am 26 years old and married for four months now , I have a good relationship with my husband and in laws while staying in their home. My parents stay at a distance of 30 mins from my in laws home , while my parents expect me to be with them at least two days a week , I have tried to cut the days down. Now I am with my husband but as my father went out of the station for 5-6 days and my mom can't stay alone , I want to go and support her. Is that correct? I am with my husband from past 8 days nonstop n didn't go to my parents, now if I go it seems to have a problem with my in laws as they think I am going to my home very often
Ans: Wanting to support your mother while your father is away is not just correct — it’s deeply human. She’s alone, and your presence may be emotionally and practically important for her right now. At the same time, it’s understandable that your in-laws may feel a bit sensitive if they perceive frequent visits as a lack of “settling” into their family. But this isn’t about frequency — it’s about transparency and intention.

Rather than asking for permission or sneaking around the discomfort, try being open and respectful in your communication. You could say something like: “My mom is alone for a few days while dad is out of town, and she’s not comfortable being alone — so I’d like to stay with her just to support her emotionally. I’ve been here continuously and want to return soon after this short visit.”

When your in-laws see that you are considerate and not abandoning your responsibilities, but simply being a good daughter too, they’re more likely to understand. Over time, your consistency and maturity will build trust.

It’s also okay to gently help your in-laws understand that both families are important to you — and your presence in each doesn’t threaten your role in the other.

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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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