Hi, I plan to invest in the following funds for 2 years through SIP from April 24. Investment holding time frame is 15 years. Nipon India Small Cap (10K); HDFC Small Cap (10K); HDFC Mid Cap Opportunities Fund (7.5K); Motilal Oswal Nifty Mid Cap 150 Index Fund (7.5K); Mirae Assets Large & Mid Cap (5K); ICICI Pru Value Discovery (10K). All funds selected are of Growth option and Direct investment option. Requesting your expert comments in the fund selection/ amount allocation. Thanks.

Ans: Dear Anonymous,
How exactly do you expect a special child to cope in a boarding school? I am sure that is something that has crossed your mind.
My questions for you:
Does it bother you that this man does not accept your life as is? If Yes, read on...
Does it bother you that you are the one who is making changes to accommodate this person? If Yes, read on...
Would you have liked it if he willingly had accepted your life as is? If Yes, read on...

Think about this a lot before you make a decision to be with him. There's a lot to think as a parent and he isn't one and may never get the point of how your life is. Take you time before you decide anything...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Dear Anonymous,
Isn't this a question that you should be asking your boyfriend/partner? The challenge is from his side of the family, right? So, what does he have to say about it.
Being tense and frustrated does not solve anything...how is he planning on working with parents on this? Does he have a plan in place for this? You possibly need to talk to him and together plan on how to guide his parents to like you; someday! Work together as a team on this and you will be surprised at what results it may bring.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Hello;

Yes this is the right time for her to buy term insurance cover.

However she may opt for a 1 Cr cover to begin with and increase the coverage at different life stages such as marriage, house purchase, family extension etc.

She may choose such a plan from reputed life insurer with good claim settlement record and high capital adequacy.

She may consult an insurance advisor for any help in this regard.

Best wishes;
X; @mars_invest

Ans: At 32, starting with Rs. 5,000 monthly SIP is a good first step. Building wealth requires a structured approach to saving and investing. Here's a step-by-step guide to help you achieve financial stability and growth.

Assessing Your Current Situation
You have no financial backing, so an emergency fund is critical.

Your monthly SIP indicates discipline in investing.

Prioritising goals and systematic planning will strengthen your finances.

Step 1: Establish an Emergency Fund
Save at least 6 months' worth of monthly expenses in a liquid fund or savings account.

Allocate a fixed portion of your income every month for this purpose.

Emergency funds should be easily accessible but not used for routine expenses.

Step 2: Manage Expenses Effectively
Create a monthly budget to track income and expenses.

Identify unnecessary expenses and redirect the savings towards investments.

Follow the 50-30-20 rule:

50% for necessities (rent, food, bills).
30% for discretionary spending (entertainment, hobbies).
20% for savings and investments.
Step 3: Continue and Enhance SIP Contributions
Your Rs. 5,000 SIP in equity mutual funds is a good start.

Gradually increase the SIP amount as your income grows.

Choose funds based on your risk tolerance and investment horizon.

Step 4: Diversify Your Investments
Equity Mutual Funds

Continue investing in actively managed funds for long-term growth.
Focus on funds with consistent performance over 5-10 years.
Debt Funds or Fixed Deposits

Allocate a portion to safer instruments for stability.
These options can balance risk in your portfolio.
PPF (Public Provident Fund)

Open a PPF account for tax-saving benefits and long-term compounding.
Invest a fixed amount annually to build a secure retirement corpus.
Gold for Wealth Protection

Allocate a small percentage (5-10%) to gold (SGB or gold mutual funds).
Gold acts as a hedge against inflation.
Step 5: Focus on Insurance and Risk Coverage
Purchase a term insurance policy with adequate coverage (10-15 times your annual income).

Ensure you have comprehensive health insurance to cover medical emergencies.

Avoid investment-cum-insurance policies as they deliver low returns.

Step 6: Plan for Long-Term Goals
Define specific financial goals like buying a house, retirement, or children's education.

Assign timelines and cost estimates to each goal.

Invest in equity for long-term goals (10+ years) and debt for short-term goals (1-3 years).

Step 7: Tax-Saving Investments
Use Section 80C instruments like ELSS, PPF, or NPS to save taxes.

ELSS funds provide equity exposure with tax benefits under Section 80C.

Avoid locking excessive funds in low-return tax-saving options.

Step 8: Automate Savings and Investments
Set up auto-debit for SIPs and savings to maintain consistency.

Automating investments reduces the temptation to spend unnecessarily.

Step 9: Regular Monitoring and Review
Review your portfolio every 6 months to track performance.

Rebalance your portfolio to maintain the right asset allocation.

Avoid frequent fund switching, as it may impact long-term returns.

Final Insights
Starting with limited resources can feel challenging but is achievable with discipline. Build an emergency fund, manage expenses wisely, and grow your investments systematically. Consult a Certified Financial Planner to optimise your portfolio and achieve your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: Dear Anonymous,
It might be some form of commitment issue- Someone who reciprocates your feelings might create a sense of pressure or demand for emotional closeness.

One more common cause can be the thrill of chasing. You might like to conquer people's love; the chase thrills you. The act of trying to win someone's attention is more exciting than the certainty of someone's love.

Or you might be having avoidant issues, where you pull away as soon as someone shows real emotions.

In any case, ask yourself why you feel uncomfortable when someone shows their emotions to you. Self-reflection can help you solve this puzzle. Also, it is okay to explore connections without wanting to become exclusive partners. That is also a great way of understanding what you want or don't want. You can take small steps like consciously staying in touch with people who are showing interest in you. That does not mean you have to force yourself to commit to them; just don't disappear on them. The best thing would be to seek counseling. It can help you a lot and sort out this issue before it sets in and creates real problems in finding love.

Best Wishes.

Ans: Dear Anonymous,
I remember answering your question once. If I am not wrong, I had asked you to give him the benefit of the doubt and wait a little while longer. In case he is still acting the same way, there might be reason to worry. I can't advise you any further without knowing some more details.

Best Wishes.

Ans: Dear Anonymous,
Let me ask you one thing, if you knew a plane was going to crash, would you still get on it because you are worried you will reach your destination late? No, right? Similarly, if you know this marriage could be really tough on you, with the added responsibilities of a teenager and another soon-to-be teenager, do you still want to go ahead with it, just because you might have to stay alone for a while longer?

I can't really make a decision for you, but I can urge you to rethink this alliance. It's great that you are trying to compromise but do not compromise so much that nothing that you want is given any importance. You cannot ask a father to send his child to a hostel so that you can have some privacy; similarly, no one can force you to raise him as well. The best decision would be to either reconsider the relationship or have an open conversation and come to a middle ground that works for all.

Best Wishes.

Ans: Dear Anonymous,
Loyalty is not rare in today’s day and age. I am sorry that you didn’t find someone who was to you, but it would be unfair to generalize. Now, coming to the more important point, financial stability is extremely important to maintain a happy marriage or even to have a happy life. Monetary troubles can add unnecessary burdens in life.

If you are unsure about getting married, it's best to wait a little and go forward with it only when you feel ready for such a commitment.

You mentioned you do not want to continue your job- do you plan on starting some other venture? I am a little unclear on this. Moreover, in today's day and age, it is almost essential for both partners to earn to live a decent life.
I hope these will help you.

Ans: Dear Anonymous,
I understand that it is important for you to need to know her past and you mentioned that you merely want to know, and would not judge. But judging is exactly what you are doing. A lot of people have exes, a lot of people have occasional drinks- we can't judge people based on their past. She has opened up to you and all you are doing is snooping around. To be honest, it seems like you are really more concerned about her ex and past than about how amazing a person she is. I have only one piece of advice, if you think you can't get past her past, let her go. No one deserves to be judged by their past.

And think of it this way- you asked, and she told you. She was not obliged to, but still understanding your 'need' to know 'everything,' she confided in you. And this is how you are paying her back. Moreover, so what if she had an ex, or dated casually? How does that affect you right now? Ask yourself the same question and I think you will know the answer to your own dilemma.

Having said it all, marriage is a big decision. If you think her past can hamper your future, please rethink this relationship. It is best for both of you.

Best Wishes