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Kanchan

Kanchan Rai  |287 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 20, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Jun 18, 2024Hindi
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Relationship

I am about 68 year's I have two sons who are married via arranged process. My younger son's wife is educated teacher. But she had a torturous up bring during high school days. Leading to least interest in married life after marriage. She deserted my son soon after marriage. This led to break down in marriage now heading for a divorce. Please advise.

Ans: It sounds like a deeply painful situation for everyone involved, especially considering the emotional trauma your daughter-in-law experienced during her formative years.

It's important to recognize that individuals who have gone through traumatic experiences in their youth can carry emotional wounds that affect their relationships later in life. These scars may manifest in ways that make it difficult for them to fully engage in marital life or maintain a healthy relationship.

In situations like these, it’s crucial to approach with empathy and understanding. Your daughter-in-law’s decision to desert your son and pursue divorce likely stems from her own internal struggles and emotional turmoil. It’s not a reflection of your son’s worth or efforts within the marriage.

Moving forward, it might be helpful for your son to focus on his own healing and well-being. Encouraging him to seek support from friends, family, or a professional counselor can provide him with a safe space to process his emotions and navigate this challenging transition.

As a family, offering unconditional support and empathy to both your son and daughter-in-law can create an environment where healing and understanding can begin. It’s important to respect each individual’s journey and decisions while also recognizing the need for compassion during this difficult time.

You may like to see similar questions and answers below

Anu

Anu Krishna  |1042 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 14, 2022

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Relationship
My wife abandoned me after 14 years of marriage. That's ok to me as she was a torture to my parents and me all the time. The problem is she poisoned my 12 year old son and also emotionally blackmails my son because of which now my son hates me to make his mom happy. He very rarely answers my calls and never reverts to my messages. They contact me only when school and class fee are to be paid. Otherwise, I have no whereabouts of my son or what's going on in his life.Pls advise. I don't wish to get my wife back.
Ans:

Dear TP,

It is unfortunate that the child is caught in this crossfire which never should be the case in the first place.

It is a difficult task to rework the relationship between you and your son as he is more inclined to believe his primary caregiver; which is his mother.

But of course, nothing is impossible. I might want to suggest that you approach a family member who can play a neutral role in bringing your wife to a place where she realises that the role of a father is necessary for the child other than just the financial support.

Also, what made you feel that your son hates you? What gives you an indication to that? But since there is no information on that, I will go by what you have shared.

He must be doing this not just to keep his Mom happy but also he must know that she is his only source of emotional support and that he might lose that if he aligns with you.

You can only try and keep trying that someday he will respond to your calls or texts. Also, a legal separation might assure you visitation rights if you go down that path.

But that’s always the last option as it takes a moment to break a relationship and a lifetime to build one.

So salvage what you have and appeal to someone close to the family to step in and save the day.

All the best!

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Anu

Anu Krishna  |1042 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 12, 2023

Asked by Anonymous - Dec 02, 2023Hindi
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Relationship
I have second marriage and staying 9 years. Now my age is 50 years, and my wife age is 40. We have a 6-year-old son. Me working in a managerial position in an industry, and she is a houses wife. During our married life I have been noticed that no interest in married life. She has no expectation from married life, no responsibility and duty performed towards married life. Always avoid from responsibility and duty. Through the married life she has been found liar in nature and dirty woman very much. Now our son also tells lie and his mother provoke it. I and very much upset for this liar nature. At the time of she tells false about her educational qualification. Though we are staying in a home but staying separate room. My wife nature and behaviour are completely different from her sibling. Now I suspect that she may be illegal issue of her mother. I have maintained the married life only because of considering son future and not find any matching partner. Please advise me how to grow up my son and how to take care him. If I go for divorce what problem, son may face and how to take care him.
Ans: Dear Anonymous,
You are upset with your wife and that is evident. Leave it at that...there is no need to justify this thought by imagining that she might be an illegal child of her mother etc...it does not help you or your case!
Stick to what is bothering you...Ask yourself if you want to continue in the marriage or not...if you are holding back because of your son, then be prepared to accept your wife as she is OR tell her what it is that you do not like about her as qualities. You say that she lies; state clearly what she is lying about...State that you are upset that she lied about her educational qualifications...
State clearly what responsibilities towards married life she hasn't yet fulfilled.
Without this communication, your dislike for her will only increase and you will find more reasons to justify this dislike. Instead, find a way to make things better...I am sure that she will also want this for the sake of your 6-year old son...

All the best!

..Read more

Kanchan

Kanchan Rai  |287 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 26, 2023

Asked by Anonymous - Dec 13, 2023Hindi
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Relationship
I am married for 23 years .Both me & my wife are doing job.I have one son staying with me. After 17 years of marriage I inquired that my wife has sexual relationship with another man . This has hurt me a lot as she betrayed me . As a result she gave no attention to me , my son and my parents . When I got this information , my wife left my house taking hand loan from neighbors . I never lodged any complain with police or file divorce case , rather I took it challenging. I took proper care of my son .Due to hard work & logistic support from me , my son qualified in NEET & continuing MBBS in Govt. college.As my son has grown up & knows the actual fact ,he dislikes his mother & has no contact with her since long.Gradually we have started forgetting her. After 6 years of staying outside , now my wife is trying to come back again forcefully which we do not want. Therefore I request that please advice me what to do.
Ans: I'm sorry to hear about the challenging situation you've been through. It's understandable that trust has been broken, and emotions must be complex. It's important to prioritize your own well-being and that of your son during this time. If you feel comfortable, have an open and honest conversation with your wife about the reasons for her return. It's crucial to express your feelings and concerns. It might be helpful to involve a neutral third party, such as a counselor or mediator, to facilitate the conversation. If she continues to pursue a return against your wishes, you may want to consult with a legal professional to understand your options and rights. Given the complexity of your situation, it might be beneficial to seek legal advice to understand your rights and responsibilities. A lawyer can help you explore options and provide guidance on how to proceed. Take into account the well-being and feelings of your son in any decision-making process. His opinion and comfort level should be considered, especially if he has chosen not to maintain contact with his mother. Decisions made under emotional stress might not be the best ones. Give yourself time to reflect, assess the situation, and decide what is in the best interest of you and your son Ultimately, the decision of whether to allow your wife back into your lives is a personal one. Consider what is in the best interests of you and your son, taking into account your own well-being and the well-being of your family.

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Ravi

Ravi Mittal  |252 Answers  |Ask -

Dating, Relationships Expert - Answered on Mar 04, 2024

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Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 13, 2024Hindi
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Hi, I am 46, I have 1.9 cr in fds. Have a house loan free No loans Planing fr retirement now. Iam job less & no buisness Suggest monthly fixed returns??
Ans: You are 46 years old and currently jobless. You have Rs. 1.9 crore in fixed deposits. Your house is loan-free, and you have no other loans. Your primary goal is to plan for retirement and generate a steady monthly income.

Evaluating Your Current Investments
Fixed Deposits:

Fixed deposits offer safety and guaranteed returns.
They have low interest rates compared to other investments.
Interest from FDs is fully taxable.
Investment Strategy for Monthly Income
1. Systematic Withdrawal Plans (SWPs):

SWPs from mutual funds can provide regular income.
They offer tax efficiency compared to FDs.
You can choose the withdrawal amount and frequency.
2. Debt Mutual Funds:

Debt funds are safer and provide better returns than FDs.
They invest in government and corporate bonds.
Consider short-term or medium-term debt funds for stability.
3. Senior Citizens' Savings Scheme (SCSS):

SCSS is a government-backed scheme.
It offers regular income and tax benefits.
You can invest a lump sum up to Rs. 15 lakh.
4. Monthly Income Plans (MIPs):

MIPs are hybrid funds with a mix of debt and equity.
They offer regular income with some growth potential.
They are less risky than pure equity funds.
5. Post Office Monthly Income Scheme (POMIS):

POMIS is a safe investment with regular monthly income.
It offers guaranteed returns.
You can invest up to Rs. 9 lakh jointly.
Recommended Allocation
Systematic Withdrawal Plans (SWPs):

Invest Rs. 70 lakh in balanced or hybrid mutual funds.
Set up SWPs to withdraw a fixed amount monthly.
Debt Mutual Funds:

Invest Rs. 50 lakh in debt mutual funds.
Choose funds with a good track record and low risk.
Senior Citizens' Savings Scheme (SCSS):

Invest Rs. 15 lakh in SCSS.
This offers regular interest payments.
Monthly Income Plans (MIPs):

Invest Rs. 40 lakh in MIPs.
They provide a balance of income and growth.
Post Office Monthly Income Scheme (POMIS):

Invest Rs. 9 lakh in POMIS.
It offers a secure, regular income.
Setting Up Your Monthly Income
Calculate Monthly Needs:

Estimate your monthly expenses.
Ensure your investments generate enough income to cover these expenses.
Set Up Automated Withdrawals:

Automate SWPs and other monthly payouts.
This ensures consistent cash flow without manual intervention.
Additional Tips
1. Tax Efficiency:

Choose investments with tax-efficient returns.
SWPs and debt funds have lower tax liabilities than FDs.
2. Regular Review:

Review your portfolio every six months.
Adjust based on performance and changing needs.
3. Emergency Fund:

Maintain an emergency fund for unexpected expenses.
Ensure this fund covers at least six months of expenses.
4. Adequate Insurance:

Ensure you have sufficient health and life insurance.
Review your policies to ensure they meet your current needs.
Final Insights
At 46, planning for retirement is crucial. With Rs. 1.9 crore in fixed deposits, you have a strong foundation. Diversify your investments to balance safety, growth, and regular income. Systematic Withdrawal Plans, debt mutual funds, and government schemes can provide the steady monthly income you need.

Stay disciplined and review your investments regularly. This approach will help you achieve financial stability and a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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Hi I am 42 years old and am married with 2 daughters. My monthly take home is 1.8 lakhs and have an additional fixed income of 1 lakh. I need 1 lakh for monthly maintenance of my home including my car loan of 40 thousand. Can you please share me a investment plan for the future. When can I have enough investment to retire.
Ans: You are 42 years old. You are married with two daughters. Your monthly take-home pay is Rs. 1.8 lakhs. You also have a fixed income of Rs. 1 lakh. Your monthly expenses are Rs. 1 lakh, which includes a car loan of Rs. 40,000.

Assessing Your Financial Goals
To create an investment plan, we need to identify your financial goals. Key goals may include:

Children's education and marriage
Retirement planning
Paying off the car loan
Building an emergency fund
Monthly Savings and Investments
Your total income is Rs. 2.8 lakhs per month. After expenses, you have Rs. 1.8 lakhs available for savings and investments.

Investment Strategy
1. Emergency Fund:

First, ensure you have an emergency fund. This should cover 6-12 months of expenses. Set aside Rs. 6-12 lakhs for this purpose. Keep it in a liquid fund or savings account.

2. Debt Repayment:

Your car loan is Rs. 40,000 monthly. Ensure timely repayments to avoid penalties. If possible, consider pre-paying the loan to reduce interest costs.

3. Children's Education and Marriage:

Start investing in child-specific funds. Education and marriage expenses can be high. Estimate the costs and start SIPs (Systematic Investment Plans) in mutual funds.

4. Retirement Planning:

Invest systematically for retirement. Diversify your investments across:

Mutual Funds:
Choose a mix of equity and debt funds.
Actively managed funds can offer better returns than index funds.
Public Provident Fund (PPF):
Offers tax benefits and guaranteed returns.
National Pension System (NPS):
Provides an additional tax benefit and helps build a retirement corpus.
5. Monthly Investment Allocation:

Emergency Fund: Rs. 6-12 lakhs initially
Children's Education and Marriage: Rs. 40,000 per month
Retirement Planning: Rs. 1 lakh per month
Car Loan Repayment: Rs. 40,000 per month
Remaining amount can be allocated to other investment options like mutual funds or debt instruments.
Risk Management
1. Diversification:

Diversify your investments to reduce risk. Invest in a mix of equities, debt, and fixed-income instruments.

2. Insurance:

Ensure adequate insurance coverage. Health insurance and term insurance are essential. They protect your family and assets.

Tax Planning
1. Tax-efficient Investments:

Invest in tax-saving instruments. ELSS funds, PPF, and NPS offer tax benefits.

2. Tax-saving Strategies:

Utilise strategies to reduce tax liability. Plan investments to maximise tax benefits under Section 80C, 80D, and others.

Monitoring and Review
1. Regular Monitoring:

Monitor your investments regularly. Track performance and make adjustments as needed.

2. Annual Review:

Review your financial plan annually. Assess progress towards your goals. Adjust investments based on performance.

When Can You Retire?
To determine your retirement timeline, consider:

Your desired retirement corpus
Your current savings and investments
Your monthly contributions
Expected rate of return on investments
Assuming a balanced portfolio with a mix of equity and debt, you can expect an average annual return of 10-12%. Based on your current savings and investments, a rough estimate can be made. However, consulting with a Certified Financial Planner (CFP) can provide a detailed analysis and a more accurate timeline.

Final Insights
Achieving your financial goals requires disciplined planning and regular monitoring. Invest systematically, diversify your portfolio, and utilise tax-saving strategies. With careful planning and professional guidance, you can build a secure financial future and achieve your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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I am 35 and have a monthly income of 50000 and my savings are zero and all my commitment are cleared. I am ready to invest 12000 per month for the next 25 years. Can u please suggest how and where to invest.
Ans: At 35, with a monthly income of Rs. 50,000 and no current savings, you have a great opportunity to start building your financial future. Investing Rs. 12,000 per month over the next 25 years can help you achieve significant wealth. Here’s a detailed plan to guide your investments.

Investment Strategy
1. Diversified Portfolio:

Equity Mutual Funds: These funds have the potential for high returns over the long term.
Debt Mutual Funds: These funds provide stability and lower risk.
Gold: A small portion in gold can act as a hedge against inflation.
Fixed Deposits: While they offer lower returns, they add safety to your portfolio.
2. Systematic Investment Plan (SIP):

SIPs help in disciplined investing.
They average out market volatility over time.
Investing Rs. 12,000 monthly through SIPs will ensure regular and consistent investments.
Recommended Allocation
Equity Mutual Funds:

Allocate 60% of your investment to equity mutual funds.
This equals Rs. 7,200 per month.
Choose a mix of large-cap, mid-cap, and small-cap funds for diversification.
Debt Mutual Funds:

Allocate 20% to debt mutual funds.
This equals Rs. 2,400 per month.
These funds provide stability and reduce overall portfolio risk.
Gold:

Allocate 10% to gold.
This equals Rs. 1,200 per month.
Invest through gold bonds or gold ETFs.
Fixed Deposits:

Allocate 10% to fixed deposits.
This equals Rs. 1,200 per month.
This provides a safety net and liquidity.
Step-by-Step Plan
1. Start with Emergency Fund:

Build an emergency fund to cover 6 months of expenses.
Use your fixed deposit allocation to build this fund initially.
2. Begin SIPs:

Set up SIPs for equity mutual funds, debt mutual funds, and gold.
Automate your investments to ensure consistency.
3. Review and Adjust:

Review your portfolio every six months.
Adjust your allocations based on performance and market conditions.
4. Increase Investment Over Time:

Aim to increase your monthly investment by 5-10% annually.
This helps in countering inflation and increasing wealth.
Choosing the Right Funds
Equity Mutual Funds:

Look for funds with a consistent track record.
Choose funds managed by experienced fund managers.
Diversify across different sectors and market capitalizations.
Debt Mutual Funds:

Opt for funds with lower credit risk.
Look for funds that invest in high-quality debt instruments.
Consider funds with a good track record of stable returns.
Gold Investments:

Prefer sovereign gold bonds for better returns.
Gold ETFs offer liquidity and ease of investment.
Additional Tips
1. Tax Planning:

Utilize tax-saving mutual funds (ELSS) for tax benefits.
ELSS funds have a lock-in period of three years but offer tax deductions.
2. Financial Discipline:

Avoid withdrawing from your investments prematurely.
Stick to your investment plan regardless of market fluctuations.
3. Knowledge and Awareness:

Stay informed about market trends and financial news.
Consider consulting a Certified Financial Planner for personalized advice.
Final Insights
Starting your investment journey at 35 with a disciplined approach can yield significant returns over 25 years. Diversify your portfolio across equity, debt, gold, and fixed deposits to balance risk and reward. Regularly review and adjust your investments to stay on track with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 13, 2024Hindi
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Hello, I want to invest 3lakh amount for a short period of 6 months. What is the best way to do it?
Ans: Short-Term Investment Options
When investing for a short period like 6 months, safety and liquidity are paramount. Here are some suitable investment options:

Fixed Deposits (FDs)
Bank Fixed Deposits:

Safety: High, as they are backed by the bank.
Interest Rate: Typically 3-5% for short-term deposits.
Liquidity: Moderate, with penalties for early withdrawal.
Post Office Time Deposits:

Safety: Very high, as they are backed by the government.
Interest Rate: Similar to bank FDs.
Liquidity: Moderate, with penalties for early withdrawal.
Liquid Mutual Funds
Description:

Safety: Moderate to high, as they invest in short-term government and corporate securities.
Returns: Typically 3-6%, higher than savings accounts.
Liquidity: High, with redemption usually processed within 24 hours.
Ultra Short-Term Debt Funds
Description:

Safety: Moderate, slightly higher risk than liquid funds.
Returns: Typically 4-7%.
Liquidity: High, but may take a few days for redemption.
Savings Accounts
High-Interest Savings Accounts:

Safety: High.
Interest Rate: Typically 3-4%.
Liquidity: Very high, with easy access to funds.
Money Market Accounts
Description:

Safety: High, as they invest in low-risk securities.
Returns: Typically 3-4%.
Liquidity: Very high, with easy access to funds.
Considerations
Risk Tolerance: Choose an option that matches your risk tolerance. For a 6-month period, lower-risk options are generally preferable.

Liquidity Needs: Ensure the investment option allows easy access to funds without significant penalties.

Returns: Look for options that offer the best returns for the risk level you're comfortable with.

Final Insights
Given your need for a short-term investment of 3 lakhs for 6 months, the following options stand out:

Liquid Mutual Funds: These offer better returns than savings accounts and have high liquidity.

Bank Fixed Deposits: Safe and offer moderate returns, but check for any penalties on early withdrawal.

High-Interest Savings Accounts: Offer easy access to funds with decent returns.

Evaluate the specifics of each option based on your preferences for risk, return, and liquidity. Consulting with a Certified Financial Planner can provide personalized advice tailored to your financial situation.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 14, 2024Hindi
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Currently I am 54 years old & following is the corpus build till now, left job / voluntarily retired 3 months ago, need financial advise for future!!!! 1. Total 3 nos Flat owned, current market value a. Rs 2.60 Cr (out of which Rs 1.25 Cr Home loan balance OD a/c) b. Rs 1.4Cr & c. Rs 35 Lacs (currently residing) 2. Rs 90 Lacs Cash parked in OD Home loan a/c 3. Rs 90 lacs accumulated in EPF a/c, getting interest & not planning to withdraw till 58 years of retire age. 4. Receiving monthly Rent from Flat a. & b. = Rs. 1 lac + Rs 50k = Rs. 1.5 Lac/month 5. Rs 2 Lakhs in Equity 6. Term insurance - 1.25 Cr+ 1Cr = 2.25 Cr Liability:- a. Daughters education (1 year in India & 2 years Masters in Australia + Marriage b. Rs 90 lacs home loan balance as. Stated above... c. monthly Expenses - 75k Kindly suggest investment ideas to increase corpus for healthy retirement .. Thanks & Regards
Ans: Real Estate Assets
You own three flats with a total market value of Rs 4.35 crores. The first flat has a home loan balance of Rs 1.25 crores. The second and third flats have a combined market value of Rs 1.75 crores.

This is a significant asset base. The rental income from these properties is Rs 1.5 lakhs per month. This steady income is a positive aspect of your portfolio.

Cash Reserves
You have Rs 90 lakhs parked in your OD home loan account. This reduces the interest burden on your home loan. It's wise to keep this amount liquid for emergencies and short-term needs.

EPF Accumulation
Your EPF account has Rs 90 lakhs. It’s generating interest, and you plan to keep it until 58 years. This is a good strategy for tax-efficient growth.

Equity Investments
You have Rs 2 lakhs in equity investments. This is a small part of your portfolio. Equities can provide high returns but come with high risks. Diversification is essential to balance risk and return.

Insurance Coverage
You have term insurance coverage of Rs 2.25 crores. This ensures financial security for your family in case of an unfortunate event.

Liabilities and Obligations
Your primary liabilities include:

Rs 1.25 crore home loan balance.
Funding your daughter's education and marriage.
Monthly expenses of Rs 75,000.
Investment Strategy for Healthy Retirement
Debt Management
Continue using the Rs 90 lakhs in your OD account to reduce the home loan interest. Pay off the home loan faster to reduce financial stress. This will improve your cash flow.

Rental Income
Ensure your rental properties are well-maintained. This will help retain tenants and maintain rental income. Consider rental agreements for security.

Equity Investments
Increase your exposure to equity investments. Equity mutual funds can provide better returns than direct stocks. Consider large-cap and diversified equity funds. This will balance risk and returns.

Systematic Withdrawal Plan (SWP)
Start an SWP from your mutual funds after you retire fully. This will provide a steady monthly income. It’s tax-efficient and offers better returns than fixed deposits.

Emergency Fund
Keep at least 6 months of expenses as an emergency fund. This should be in a liquid and accessible form. Consider liquid mutual funds or high-interest savings accounts.

Health Insurance
Ensure you have adequate health insurance. Medical costs can be high, especially in retirement. A family floater health insurance plan is recommended.

Daughter’s Education and Marriage
Start a separate fund for your daughter’s education and marriage. Consider child-specific mutual funds. This will ensure you have enough when needed without affecting your retirement corpus.

Retirement Corpus Growth
Maximize your retirement corpus growth by investing in a mix of debt and equity funds. A balanced fund can provide a good mix of stability and growth. Regular funds with a Certified Financial Planner’s guidance can help optimize returns.

Tax Planning
Utilize tax-saving instruments to reduce your tax liability. ELSS funds can offer tax benefits under Section 80C. Plan withdrawals from your EPF and other investments to minimize tax.

Regular Reviews
Regularly review your investment portfolio. Adjust your investments based on market conditions and your financial goals. A Certified Financial Planner can help you stay on track.

Final Insights
Your current financial situation is strong. Focus on reducing liabilities, optimizing returns, and planning for your daughter’s future. Maintain adequate insurance and an emergency fund.

Consult a Certified Financial Planner for personalized advice. They can help tailor a strategy to your needs and ensure a healthy, stress-free retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

Asked by Anonymous - Jun 14, 2024Hindi
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I am 36 yrs Old with saving of 80 lac and can invest 1.5 lac everymonth. I want to retire at 45 and pursue my habby. I don't enjoy working and have been largely unsatisfied with my Job. My monthly expenses is 35K and have no Debt. Is it possible to accumulate a corpus of 5-6 cr in the next 9-10 years
Ans: Your savings are Rs. 80 lakh. You can invest Rs. 1.5 lakh every month. You aim to retire at 45. Your current age is 36. Your monthly expenses are Rs. 35,000. You have no debt. Let's evaluate your goals and create a plan.

Assessing Retirement Goals
Your target corpus is Rs. 5-6 crore in 9-10 years. This is achievable with disciplined planning. Consistent investments and strategic asset allocation are key.

Investment Strategy
1. Monthly Investments:

Invest Rs. 1.5 lakh monthly. Diversify across asset classes. Consider a mix of mutual funds and other investment options.

2. Mutual Funds:

Actively managed funds can outperform index funds. They offer better potential returns. Choose funds with a strong track record.

3. Equity Investments:

Equities can offer high returns over the long term. Diversify your portfolio. Balance between large-cap, mid-cap, and small-cap stocks.

4. Debt Instruments:

Include debt funds for stability. They offer lower risk compared to equities. They provide steady returns.

5. Fixed Deposits:

FDs offer guaranteed returns. They are low-risk investments. Include them in your portfolio for stability.

6. Balanced Allocation:

Maintain a balanced allocation. Adjust based on market conditions. Review and rebalance your portfolio regularly.

Risk Management
1. Diversification:

Spread your investments. Reduce risk by diversifying. Don’t put all your money in one asset class.

2. Emergency Fund:

Maintain an emergency fund. It should cover 6-12 months of expenses. This provides financial security.

3. Insurance:

Ensure you have adequate insurance. Health and term insurance are essential. They protect your family and assets.

Tax Planning
1. Tax-efficient Investments:

Choose tax-saving instruments. ELSS funds can offer tax benefits. They also provide potential growth.

2. Tax-saving Strategies:

Use strategies to reduce tax liability. Invest in options under Section 80C. Plan investments to maximise tax benefits.

Monitoring and Review
1. Regular Monitoring:

Monitor your investments regularly. Track performance. Make adjustments as needed.

2. Annual Review:

Review your financial plan annually. Assess progress towards your goal. Adjust investments based on performance.

Benefits of a Certified Financial Planner
1. Expertise:

A Certified Financial Planner (CFP) offers expertise. They provide professional advice tailored to your goals.

2. Guidance:

A CFP guides you through complex financial decisions. They help optimise your investment strategy.

3. Monitoring:

A CFP monitors your investments. They make adjustments to align with your goals.

4. Support:

A CFP offers ongoing support. They help you stay on track. They provide peace of mind.

Final Insights
Achieving a corpus of Rs. 5-6 crore in 9-10 years is possible. Consistent investments, diversification, and strategic planning are key. Regular monitoring and professional guidance will help you reach your goal.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 19, 2024

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Age 42 years currently draw 30 lac per annum have Sip in mutual fund 30000 month Shares sip 20000 month Gold sip 5000 month Current portfolio Mutual fund 30lac Shared 20 lac Gold bond 2 lac Fd 3lac Family of 4 and 2 kids 1 in 5th and other in kg Current expenses are 75000 and Want 1.5 lac per month post retirement at 55 years How to invest further
Ans: Current Financial Overview
You have a robust portfolio and consistent investments. Your annual income is Rs. 30 lakh, and your expenses are Rs. 75,000 per month. You are investing Rs. 30,000 in mutual fund SIPs, Rs. 20,000 in shares SIPs, and Rs. 5,000 in gold SIPs each month. Your portfolio includes Rs. 30 lakh in mutual funds, Rs. 20 lakh in shares, Rs. 2 lakh in gold bonds, and Rs. 3 lakh in fixed deposits.

Your goal is to retire at 55 with a monthly income of Rs. 1.5 lakh. Let's evaluate and plan for this goal.

Evaluating Current Investments
Mutual Funds:

You have Rs. 30 lakh in mutual funds.
Investing Rs. 30,000 per month in SIPs.
Mutual funds provide good returns over the long term.
Shares:

You have Rs. 20 lakh in shares.
Investing Rs. 20,000 per month in SIPs.
Shares can be volatile but offer high returns.
Gold:

You have Rs. 2 lakh in gold bonds.
Investing Rs. 5,000 per month in SIPs.
Gold is a safe investment but grows slowly.
Fixed Deposits:

You have Rs. 3 lakh in FDs.
FDs provide safety but lower returns.
Investment Strategy Moving Forward
Increase Mutual Fund Investments:

Mutual funds offer diversification and professional management.
Consider increasing your SIP in mutual funds for long-term growth.
Review Share Investments:

Ensure your share investments are in well-researched companies.
Regularly review and adjust your share portfolio for better returns.
Gold Investments:

Gold adds stability but has lower growth.
Keep your gold SIP but focus more on mutual funds and shares.
Fixed Deposits:

FDs are safe but offer low returns.
Limit your FD exposure and invest more in higher-return assets.
Planning for Retirement
Set Clear Goals:

Your target is Rs. 1.5 lakh per month post-retirement.
Break down this goal into smaller, achievable milestones.
Regular Review:

Review your portfolio every six months.
Adjust based on market conditions and personal goals.
Diversify Your Portfolio:

Continue diversifying across asset classes.
Balance risk and return according to your risk tolerance.
Emergency Fund:

Maintain an emergency fund for unexpected expenses.
Ensure this fund covers at least 6-12 months of expenses.
Insurance and Contingency:

Have adequate health and life insurance.
Review your policies to ensure sufficient coverage.
Education and Child Planning
Child Education Fund:

Start investing in a dedicated fund for your children’s education.
Consider child-specific mutual funds or balanced funds.
Systematic Withdrawal Plans:

Post-retirement, consider SWPs for regular income.
SWPs from mutual funds can provide tax-efficient regular income.
Final Insights
Your current investments are commendable. You have a diversified portfolio and a clear retirement goal.

To achieve your target, consider increasing your investments in mutual funds and shares. Review your portfolio regularly and adjust based on market conditions.

Ensure you have a robust emergency fund and adequate insurance coverage. Start a dedicated fund for your children’s education.

This balanced approach will help you achieve financial independence and a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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.

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