Home > Money > Question
Need Expert Advice?Our Gurus Can Help

I'm 35, Earning 1.5 Lakh Monthly. Can I Afford a Home Loan for a 3BHK?

Ramalingam

Ramalingam Kalirajan  |9777 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 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
Asked by Anonymous - Jul 17, 2024Hindi
Listen
Money

Hi Sir, i m 35 yrs man, me &wife earns 1.50 after tax. 25k house expenses, 10k mf pm, 50k loan repayment around 9 lac interest free. I want to buy a flat for next 5-6 yrs. With this financial situation.. How much loan we can afford for any flat down payment will be around 10 lakh.. For 3bhk.?? Plz suggest

Ans: You are 35 years old, and you and your wife have a combined monthly income of Rs. 1.50 lakhs after tax. You have monthly expenses of Rs. 25,000, invest Rs. 10,000 in mutual funds, and have a loan repayment of Rs. 50,000 (interest-free, Rs. 9 lakhs). You want to buy a flat in the next 5-6 years, with a down payment of around Rs. 10 lakhs.

Assessing Your Financial Health
Income and Expenses
Monthly Income: Rs. 1.50 lakhs
Monthly Expenses: Rs. 25,000
Mutual Fund Investment: Rs. 10,000
Loan Repayment: Rs. 50,000
Savings and Down Payment
Current Savings: Assuming your savings include the Rs. 10 lakhs for the down payment.
Down Payment: Rs. 10 lakhs available for the flat.
Determining Affordable Loan Amount
EMI Calculation
Monthly Income: Rs. 1.50 lakhs
Total Obligations: Rs. 25,000 (expenses) + Rs. 50,000 (loan repayment) + Rs. 10,000 (MF investment) = Rs. 85,000
Disposable Income: Rs. 1.50 lakhs - Rs. 85,000 = Rs. 65,000
EMI Affordability
Safe EMI Range: Up to 40% of monthly income.
Affordable EMI: 40% of Rs. 1.50 lakhs = Rs. 60,000
Loan Eligibility
Loan Tenure: Typically, up to 20-30 years.
Interest Rate: Assume 8% for calculation.
Planning Your Purchase
Loan Affordability
EMI Calculation: Rs. 60,000 per month.
Loan Amount: Use an EMI calculator to determine the loan amount.
Down Payment and Total Cost
Down Payment: Rs. 10 lakhs.
Flat Cost: Down payment + loan amount.
Steps to Follow
Save Aggressively: Increase savings to reduce loan burden.
Prepay Existing Loan: Aim to clear the Rs. 9 lakhs loan before taking a new one.
Enhance Investments: Continue mutual fund investments for future growth.
Investment Strategy for Flat Purchase
Increase SIP Amount
Current SIP: Rs. 10,000
Increase SIP: Gradually increase SIP to Rs. 20,000 for better returns.
Diversify Investments: Allocate funds across equity, debt, and hybrid funds.
Emergency Fund
Build Emergency Fund: Ensure at least 6 months of expenses are saved.
Use Liquid Funds: For quick access during emergencies.
Insurance Coverage
Health Insurance: Ensure adequate health insurance coverage.
Life Insurance: Secure term insurance for family protection.
Final Insights
To buy a flat in the next 5-6 years:

Aggressively Save: Increase your savings rate.
Clear Existing Loan: Aim to repay the Rs. 9 lakhs interest-free loan.
Increase Investments: Enhance your SIP to build a corpus.
Affordable EMI: Plan for an EMI within Rs. 60,000.
Emergency Fund: Maintain a robust emergency fund.
By following these steps, you can secure a flat and manage your finances effectively.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
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.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |9777 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

Listen
Money
Good Day Sir, I am 33 now and both husband and wife earning around 1.6 lakhs per annum. We are renting a home of 18000 PM. Total expenses are 1.3 lakhs per month(Including Insurance, basic expenses, term, mutual fund). Investing 21000 PM in mutual fund, want to take a home in city like Noida of around 65 Lakhs. Loan would be around 50 lakhs for 20 yrs of time frame. Current savings is around 20 Lakhs. Can I take a home on loan now or should I wait?
Ans: Assessing Your Current Financial Situation
Income and Expenses
You and your spouse earn around Rs 1.6 lakhs per month.

Your total expenses are Rs 1.3 lakhs per month.

This includes rent, insurance, basic expenses, and mutual fund investments.

Savings and Investments
You are investing Rs 21,000 per month in mutual funds.

Your current savings stand at Rs 20 lakhs.

Home Purchase Consideration
You want to buy a home in Noida worth Rs 65 lakhs.

You plan to take a home loan of Rs 50 lakhs for 20 years.

Financial Stability and Decision-Making
It's crucial to understand the impact of this decision on your financial stability.

Buying a home is a significant financial commitment.

Evaluating the Home Loan Option
Loan Details
A home loan of Rs 50 lakhs for 20 years.

Monthly EMI will depend on the interest rate.

EMI Impact on Monthly Budget
Calculate the EMI to understand its impact on your monthly budget.

Ensure the EMI fits within your budget without straining finances.

Comparing Renting vs. Buying
Currently, you pay Rs 18,000 per month in rent.

Compare this with the expected EMI.

Buying a home may offer long-term benefits.

Pros and Cons of Buying a Home Now
Advantages of Buying Now
Fixed Asset
Owning a home provides a sense of security.

It's a long-term investment for your family.

Appreciation Potential
Property values in Noida may appreciate over time.

This can be beneficial for your investment.

Personalization
You can customize your own home to your liking.

This adds to your comfort and satisfaction.

Disadvantages of Buying Now
Financial Strain
A large EMI could strain your monthly budget.

Ensure you can manage all expenses comfortably.

Opportunity Cost
Using savings for a down payment may reduce your liquidity.

Consider the impact on your emergency fund.

Interest Burden
Home loans come with interest payments.

This adds to the total cost of the property.

Alternative Investment Options
Increasing Mutual Fund Investments
Consider increasing your mutual fund investments.

This can help build a larger corpus over time.

Power of Compounding
Mutual funds benefit from compounding returns.

The longer you invest, the more your money grows.

Risk Diversification
Diversify your investments across different mutual fund categories.

This reduces risk and enhances returns.

Regular Funds vs. Direct Funds
Benefits of Regular Funds
Investing through an MFD with CFP credentials provides professional guidance.

Regular funds offer advisory support.

Drawbacks of Direct Funds
Direct funds require more active management.

You may miss out on expert advice and insights.

Assessing the Timing
Market Conditions
Consider the current real estate market conditions in Noida.

Buying during a favorable market can be advantageous.

Personal Financial Goals
Align your home purchase with your long-term financial goals.

Ensure it doesn't compromise other important financial objectives.

Future Income Prospects
Evaluate your future income prospects.

A stable or increasing income can support your loan repayment.

Final Insights
Comprehensive Financial Plan
Create a comprehensive financial plan.

Include your home purchase, investments, and savings goals.

Emergency Fund
Maintain a robust emergency fund.

Ensure you have 6-12 months of expenses saved.

Professional Guidance
Consult a Certified Financial Planner (CFP).

Get personalized advice tailored to your financial situation.

Balanced Approach
Balance your home loan with other financial commitments.

Ensure a comfortable lifestyle without financial stress.

Regular Review
Regularly review your financial plan.

Adjust it based on changes in income, expenses, and goals.

Long-Term Perspective
Keep a long-term perspective.

Consider the overall impact of your financial decisions on your future.

Conclusion
Buying a home is a significant decision.

Assess all factors carefully.

Ensure it aligns with your financial goals and stability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9777 Answers  |Ask -

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

Listen
Money
Hi' I am 37 yrs old married with wife working and hardly get 45 k per month both.we have two kids aged 9 and 5 and both are studying.we are planning to buy one house in which I need to pay 20 lacs as a half payment.pls suggest us how we can manage this much of amount within 5 to 10 years. Our current monthly expenses are arround 30k something.pls help me to get this much amount at the earliest.
Ans: You have a combined monthly income of Rs 1.45 lakhs. Your expenses are Rs 30,000, leaving you with Rs 1.15 lakhs. You plan to buy a house and need Rs 20 lakhs in 5 to 10 years. This is achievable with disciplined planning and focused savings.

Setting a Realistic Savings Goal
You need to accumulate Rs 20 lakhs. Here's how you can break it down:

Monthly Savings Target: To reach Rs 20 lakhs in 5 years, save Rs 30,000-35,000 monthly. In 10 years, you’ll need to save Rs 15,000-20,000 monthly.

Prioritize: Saving for the house should be your top financial goal. Cut down on non-essential expenses.

Review Periodically: Regularly assess your savings progress. Adjust your plan if needed.

Budgeting and Cash Flow Management
Your current expenses are Rs 30,000. You can increase your savings by managing your cash flow effectively:

Essential vs. Non-Essential: Identify essential expenses like food, utilities, and school fees. Limit non-essential spending like dining out and entertainment.

Increase Savings: Aim to save Rs 40,000-50,000 monthly. This includes the savings target for the house.

Emergency Fund: Maintain an emergency fund. This should cover 6 months of expenses.

Investment Strategy for House Purchase
To accumulate Rs 20 lakhs, a well-planned investment strategy is crucial:

Balanced Portfolio: Invest in a mix of equity, debt, and hybrid instruments. This will help you balance risk and return.

Active Fund Management: Avoid index funds. Actively managed funds offer better potential returns, especially in a dynamic market.

Systematic Investment Plan (SIP): Start SIPs to regularly invest small amounts. This will help you build the corpus over time.

Monitor Performance: Regularly review your investments. Adjust your portfolio as needed based on market conditions.

Debt Management
Currently, you have no specific loans mentioned, but planning to buy a house will involve a significant financial commitment:

Avoid Unnecessary Debt: Don’t take on new debt until you have accumulated enough savings for the house.

Home Loan Planning: When taking a home loan, ensure the EMI is affordable. It should not exceed 40% of your combined monthly income.

Prepayment Strategy: If possible, make prepayments on the home loan. This will reduce your interest burden.

Children's Education Planning
Your children are 9 and 5 years old. Their education expenses will rise in the coming years:

Separate Education Fund: Start a dedicated education fund for your children. This will prevent any dip into your house savings.

SIP for Education: Start SIPs to build an education corpus. Align the investment horizon with their education milestones.

Review Regularly: Track the progress of the education fund. Adjust contributions as needed to ensure sufficient funds.

Insurance and Protection
Insurance is vital to protect your family and financial goals:

Life Insurance: Ensure you have adequate life insurance coverage. This will secure your family’s future in case of unforeseen events.

Health Insurance: A good health insurance policy is necessary to cover medical expenses. It will prevent you from dipping into your savings.

Home Loan Insurance: When taking a home loan, consider insurance to cover the loan. This will protect your family from the burden of repayment.

Tax Planning
Effective tax planning can enhance your savings:

Utilize Deductions: Use available tax deductions on investments, health insurance premiums, and home loan interest.

Tax-Advantaged Investments: Invest in tax-saving instruments that align with your house purchase goal. This will reduce your tax liability.

Plan Early: Start tax planning at the beginning of the financial year. This will avoid a last-minute rush.

Final Insights
You have a clear goal of buying a house. With disciplined savings, smart investments, and proper planning, you can achieve this in 5 to 10 years. Regularly review your progress and adjust your plan as needed. Your determination will lead to the fulfillment of your dream home.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9777 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 22, 2024

Asked by Anonymous - Oct 22, 2024Hindi
Money
sir i have take home salary of 1lakh and 14000 tax paying monthly, i am in rented house and i have two kids one in 8th and one in 5th and i am 45 year old , how much home loan i should go for? pls suggest
Ans: At the age of 45, with a monthly take-home salary of Rs. 1 lakh and two children to support, choosing the right home loan amount is crucial for your financial security. You are paying Rs. 14,000 in taxes, which impacts your overall cash flow, and living in a rented house further adds to your expenses. Let’s walk through how to make an informed decision regarding the home loan amount.

Factors to Consider
Income and Expenses:

Your net take-home salary is Rs. 1 lakh. Out of this, Rs. 14,000 goes toward taxes, leaving you with Rs. 86,000 for other expenses. Understanding your monthly obligations—like rent, children’s education, and other essential expenses—will help determine how much you can allocate toward a home loan EMI.

Since you have two children, one in the 8th grade and one in the 5th grade, their educational costs are likely to rise in the coming years. Factoring these rising costs is important in your loan planning.

Loan Tenure and EMI Capacity:

Typically, lenders suggest that your EMI should not exceed 40-50% of your monthly income. Since your take-home salary is Rs. 1 lakh, an affordable EMI would be around Rs. 40,000 to Rs. 50,000.

However, since you have other responsibilities like rent and family expenses, it’s safer to aim for a slightly lower EMI—perhaps Rs. 30,000 to Rs. 40,000—to ensure you don’t face financial stress.

Key Aspects of a Home Loan Plan
1. Affordability:

Taking a loan you can comfortably repay without sacrificing your lifestyle is crucial. While banks may offer you a higher loan amount based on your income, it's wise to choose a loan that aligns with your cash flow and family needs.

If you are currently paying rent, don’t forget to factor in that once you own a home, some rent expense will convert into an EMI. However, other homeownership costs such as maintenance, property taxes, and repairs need to be planned for.

2. Tenure:

Since you are 45, it’s recommended to opt for a loan tenure that matches your retirement plans. If you plan to retire by 60, a loan tenure of 10 to 15 years is ideal. This ensures you are debt-free before retirement.

While a shorter tenure increases the EMI amount, it reduces the overall interest burden. A longer tenure, on the other hand, gives you lower monthly EMIs but increases the total interest outflow. A 15-year tenure offers a balanced option for most people in your situation.

3. Interest Rates:

Interest rates vary based on the loan provider and market conditions. Fixed interest rates provide stability, while floating rates fluctuate with the market. It’s important to evaluate which option suits you based on your risk tolerance. A floating rate might be beneficial if interest rates are expected to decrease, but if you prefer predictability, a fixed rate may be a safer bet.

Consideration for Children’s Education
Your children’s education is a major future expense, especially since one is already in the 8th grade and another in the 5th. As they progress to higher studies, costs will increase substantially. This makes it important to strike a balance between loan EMI payments and saving for their education.

A portion of your income should be directed towards building an education fund for your children. You may want to explore mutual funds or other investments that offer potential growth for this goal. This ensures that while you repay your loan, you are not compromising on their education.

Tax Benefits on Home Loan
The new tax regime does not provide significant benefits on home loan interest repayment like the old regime. However, you may want to assess if switching to the old tax regime helps you save on taxes via home loan interest deductions under Section 24 (up to Rs. 2 lakh annually) and principal repayment under Section 80C (up to Rs. 1.5 lakh annually).

It's worth calculating whether the tax savings from the old regime would outweigh the simpler filing process and lower taxes in the new regime. Consulting with a tax expert or a Certified Financial Planner can help clarify this decision.

Rental Expense and Transition
You are currently living in a rented house. Once you buy your own house, the rent you pay will be replaced by EMI payments. However, homeownership brings additional costs like property maintenance, which are not present when renting.

A planned transition from renting to owning will allow you to manage both rent and EMI in the initial period, ensuring you don’t feel overwhelmed by dual payments. Ensuring an adequate emergency fund will also help you manage unforeseen costs related to homeownership.

Emergency Fund and Insurance
Before committing to a significant financial obligation like a home loan, make sure you have an emergency fund. This fund should cover at least six months of living expenses, including loan EMIs, rent, and other essentials. This will safeguard you in case of any unexpected financial stress, like job loss or medical emergencies.

Additionally, securing a life insurance policy that covers the outstanding loan amount is crucial. This ensures that in the unfortunate event of your demise, your family won’t be burdened with the loan repayment.

Home Loan Amount Recommendation
Based on your current take-home salary of Rs. 1 lakh, and assuming you’re comfortable with an EMI between Rs. 30,000 to Rs. 40,000, you could potentially afford a loan of Rs. 35 lakh to Rs. 50 lakh, depending on the loan tenure and interest rates.

However, it's always better to aim for a lower loan amount and keep enough buffer for other future expenses. You may need to adjust this based on your children’s education, retirement goals, and other long-term plans.

Final Insights
At 45, managing your finances well is essential to ensure a smooth transition to homeownership while balancing your children's education and future expenses.

Aim for an EMI that is no more than 40% of your take-home salary to avoid financial strain.

Consider a loan tenure that allows you to be debt-free before retirement.

Balance your loan repayments with savings for your children’s education and future needs.

Explore whether switching to the old tax regime can save you on taxes due to home loan deductions.

Always maintain an emergency fund and secure life insurance for loan protection.

A Certified Financial Planner can guide you in structuring your financial decisions for the future and ensuring a balanced, secure financial plan.

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

..Read more

Ramalingam

Ramalingam Kalirajan  |9777 Answers  |Ask -

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

Asked by Anonymous - May 18, 2025Hindi
Money
Hello Sir, I am 29 years old and having in hand salary of 80k-85k per month after deductions. I also have 5L in mutual funds(ELSS and small cap)(15k pm and increasing it by 5 to 10% every year) and also a 25k per annum LIC. Also i have enough emergency fund to help myself and my family. Not having any type of loan till date. Credit card utilisation is always below 30% and never missed a on-time payment. Cibil score is above 790. I booked a flat for 29.50L. I am seeking to take home loan for 15 years tenure. Can you suggest me 1.should i go for floating interst rate or fixed? 2. Which bank should I prefer? 3. Can I able to repay the loan before tenure without penalties? 4. By repaying principal amount of loan directly in loan account possible?5. Am i on right path ? .. Also can you give some tips to manage all the things without any stress ?
Ans: You seem to be managing your finances very well. Let’s address your points and also give you tips to handle things stress-free.

?

Your Current Financial Position

?

You have no existing loan. This is very good for your credit.

?

Your CIBIL score is 790+. It shows your discipline with credit cards.

?

You have Rs 5 lakh in mutual funds. This is good for your future.

?

You booked a flat for Rs 29.5 lakh. This is a responsible decision.

?

Your emergency fund is in place. That’s very important.

?

Your SIP is at Rs 15,000 monthly. You are also increasing it every year.

?

Your LIC policy is Rs 25,000 per year. Let’s see if it’s worth continuing.

?

You have enough income to cover EMI and expenses.

?

?

Floating or Fixed Interest Rate?

?

Floating interest rate can change during the loan term.

?

Fixed interest rate stays same for the period you choose.

?

In India, floating rates are lower in the start.

?

Fixed rates are safer if you want to avoid rate changes.

?

But in the long run, floating rate can be cheaper.

?

Many banks offer floating rates for home loans today.

?

You are young and have good income. Floating rate is better for you.

?

But if you really feel worried, you can pick a fixed rate.

?

It depends on your comfort with changing EMIs.

?

Most people in your age group choose floating rates.

?

?

Which Bank to Prefer?

?

Most banks and housing finance companies give home loans.

?

Public sector banks usually have lower rates.

?

Private banks give faster service but can have higher rates.

?

You should compare 3 to 4 banks’ rates.

?

Look at processing fee, insurance terms, and hidden charges.

?

Check if the bank lets you repay faster without penalty.

?

Do not go only for banks giving quick approval.

?

Look at the full cost and service quality.

?

Talk to your bank where you hold salary account.

?

They might give you special rates for existing customers.

?

?

Repaying Loan Early – Any Penalty?

?

As per current rules, no penalty on floating rate loans.

?

Fixed rate loans can have some charges for early closure.

?

Check with your bank about prepayment terms.

?

If you take a floating loan, you can repay principal anytime.

?

This will reduce your interest cost and shorten the tenure.

?

It’s good to repay extra when you have surplus.

?

Always tell the bank you want it to go towards principal.

?

?

Paying Principal Directly into Loan Account

?

Yes, you can directly pay principal into loan account.

?

Tell your bank to adjust extra payment as principal only.

?

This will cut your interest and tenure faster.

?

Keep records of these payments and get confirmation.

?

Always keep your EMI paid on time first.

?

?

Are You on the Right Path?

?

Yes, you are on the right track.

?

You are building assets without overloading debt.

?

Your SIPs are increasing every year. That’s very good.

?

Emergency fund is in place. That’s key for peace of mind.

?

You have no other debt to disturb your future plans.

?

Keep tracking your cash flow every month.

?

Increase investments as your salary grows.

?

?

About LIC Policy

?

You pay Rs 25,000 yearly to LIC.

?

If this is an endowment plan or moneyback, returns can be low.

?

Traditional LIC plans give 4-5% returns after tax.

?

You can surrender and reinvest in mutual funds.

?

Mutual funds can give you better returns for long term.

?

Please meet a Certified Financial Planner before acting.

?

They will check if surrender charges are high or not.

?

?

Stress-Free Tips for Managing All

?

Always keep 3-6 months of expenses as emergency fund.

?

Your emergency fund is done. Keep topping up if expenses rise.

?

Do not overburden yourself with high EMI. Keep EMI within 30-40% of income.

?

Keep track of expenses and budget every month.

?

Use apps to track where your money goes.

?

Avoid lifestyle inflation. Don’t spend more as salary grows.

?

Increase SIPs every year. Even 5% hike helps a lot.

?

Have term insurance to protect your family.

?

Health insurance is also a must-have to protect savings.

?

Keep saving for short term goals like holidays or vehicle in separate funds.

?

Keep long term goals in mutual funds.

?

Do not mix insurance and investment.

?

?

Some More Insights for 360 Degree Planning

?

Review your loan terms every year. Banks may reduce rates for good borrowers.

?

If you get bonus or extra money, use some to repay home loan.

?

Some part can go to investments too.

?

Balance between loan prepayment and investment growth.

?

Home loan interest gives tax benefits under Section 24(b).

?

Principal repayment gives benefit under Section 80C.

?

But don’t just take loan for tax benefits.

?

Your CIBIL score is good. Keep paying bills on time.

?

Never max out your credit card even if bank offers limit hike.

?

Avoid multiple loans at the same time. Handle one at a time.

?

Don’t get too many credit cards. One or two is enough.

?

Keep one trusted bank as your main banking partner.

?

Have a separate account for investments. Don’t mix with expenses.

?

Meet a Certified Financial Planner once a year. They will help keep you on track.

?

They can show better investment options for your future.

?

?

Your Mutual Funds and SIP

?

Your SIPs are mainly in ELSS and small cap.

?

Small cap funds are good for long term. They are risky though.

?

Keep increasing SIP in line with salary growth.

?

Keep some in large cap or balanced funds too for stability.

?

Small cap alone can be volatile in market fall.

?

ELSS is good for tax saving and long term wealth.

?

Don’t stop SIPs even if market is down.

?

Stay invested for 10-15 years for best results.

?

Avoid index funds as they only follow market. They don’t try to beat it.

?

Index funds have no active research or fund manager.

?

Actively managed funds have experts to find better stocks.

?

They can give better returns in Indian markets.

?

?

Direct Funds vs Regular Funds

?

Direct funds save you commission cost but you must track and manage yourself.

?

If you don’t have expertise or time, regular funds are better.

?

Regular funds through a Certified Financial Planner give you advice too.

?

You get ongoing support, rebalancing, and better guidance.

?

Direct funds are good for experts only.

?

?

About Real Estate

?

You are buying a home to live in. That’s fine.

?

Don’t see real estate as an investment only.

?

Property can give security but also has costs.

?

Maintenance, taxes, and repairs can eat into returns.

?

Always keep your home loan EMI and investments balanced.

?

?

Finally

?

You are on a steady and thoughtful financial journey.

?

Keep your good habits alive. Don’t stop saving and investing.

?

Meet a Certified Financial Planner for full review every year.

?

Life goals can change. You need a plan that can change too.

?

Don’t get stressed. You have built a solid base already.

?

Keep it going. You will reach your dreams step by step.

?

Best Regards,

?

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

..Read more

Latest Questions
Dr Nagarajan J S K

Dr Nagarajan J S K   |1876 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Sunil

Sunil Lala  |218 Answers  |Ask -

Financial Planner - Answered on Jul 18, 2025

Money
Dear Sir, I am 40 year old, my take home is 1.41 lacs per month. I have 11 year old daughter and 3.5 year old son. I am investing 12.5k per month in SSY (27 lacs in total) and 12.5k per month in PPF (6 lacs in total). Investing around 4k in SIP in index fund (1.2 lacs) and I have around 30 lacs in FD. I have taken 1cr term insurance and have 10lakhs health insurance for family. FD is not giving me satisfactory returns and not beating the inflation. I am planning to invest 25 lacs in buying a site. I don't have any loans and don't have major commitment other than children education. I request you to guide me on future investments, I would like to get a constant income of 1-1.5 lacs PM after 5-6 years.
Ans: Hi Ajay, understand the SSY and PPF are also not givin you enough returns, your SIP in index funds and FD all are ineffecient return making assets. Buying a site will not ensure liquidity when you will need it the most, and 10L health insurance for a family of 4 is low as well.
Having a constant income of 1-1.5L p.m. means annually 12-18L of income, and to have a passive income like that, your corpus should be 15-16x of the annual income --> which means we are looking at 1.8Cr to 2.7Cr of corpus in the next 5-6 years.
There are a lot of flaws in your investment strategies because at one place you are wanting to lock in money at a site, in SSY and PPF and on the other you are looking to earn 1-1.5L p.m. which is possible through liquid investments.
I would love to help you out, but to me it feels like there is a gap in the knowledge about investments and personal finance. If you are wanting to have a detailed conversation about your investments and where you can park your money to grow it to have the monthly income you want after a certain number of years, visit my website www.slwealthsolutions.com

...Read more

Sunil

Sunil Lala  |218 Answers  |Ask -

Financial Planner - Answered on Jul 18, 2025

Money
I m a 44 yrs old . My salary 85k net per month. Rent income 1.20 lakh per month. Fixed deposit 46 lakh PPF 21.35 lakh Lap loan 46.50 lakh OD loan 6.50 lakh. Mutual funds 2.75 lakhs Shares 3.25 laks Property in Noida, jewar, dwarka , Rohini and faridbad. My wife is earning 50k per month but not contributing in assests we spend his salary on vacations and foods and cloths as she don't want to save. According to her it is my responsibility to provide foods and investment. At this age I m going to lose my jobs. I can manage all things with rental but how can I build up financial assets from here on and my triple source like salary, rental and interest helps me a lot in past. I m simple man with basic needs no extra expenses on me. But kids are in college in class 9 how can I build assests and ensure their good education
Ans: Hello Sanjiv, you have a lot of money parked in debt instruments like FD, PPF and not-liquid assets like properties as well. I would advise you to calculate your income from each asset on a yearly basis in % terms. I think that will give you a true picture of what you are earning as of now vs what you can earn in equity mutual funds which are managed by professionals.
We can have a detailed conversation around your situation and I can help you understand what re-shuffling can be done in your asset portfolio (with continuing rental+interest income) with greater capital appreciation, visit my website www.slwealthsolutions.com if you are interested

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x