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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 17, 2022

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
GG Question by GG on Mar 17, 2022Hindi
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Relationship

 Ma'am I got married in 2017.
After one month problems started. My mother in law started creating problems by emotionally blackmailing my husband.
Now even after 4 years, nothing has changed. I have 1 year old son and a government job. But my husband always kept on insulting me.
He behaves as per his mood. I don't know what to do. Pls help me.

Ans:

Dear GG,

What is it that she emotionally blackmails your husband with? How does she do that? Also, why is your husband yielding to these blackmails by his mother?

The information that you have shared with me is incomplete and I will try my best to guide you.

If this is getting unbearable, it’s time to seek an intervention and I feel you can ask your family to step in and speak with your husband so that he can be in an empathetic place about you.

Be strong. All the best!

You may like to see similar questions and answers below

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 14, 2021

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Relationship
Dear mam, I am married for 14 yrs. Love marriage. I used to work earlier but quit because my husband was earning well and he said he will take care of me and my son. We used to be a happy couple but during the lockdown my mother-in-law and sister-in-law decided to move in with us. Slowly they started creating issues between my husband and me often badmouthing my behaviour or complaining about me. I was unaware about it until recently when we had a big fight. That’s when I realised that they have been planning to drive me out of the house and get him married to someone else whom they can manipulate. It’s been over a year now that my husband is not even talking to me properly. I went and stayed with my parents for some time but even they feel I am a burden and should adjust and accommodate instead of giving them reasons to fight. They don’t understand that all this is politics. Now my husband is talking to some girl whom I don’t like. That is causing more problems and fights between us. Anything I say is used against me now. Please help me mam. What to do?
Ans: Dear R, why did they start to create issues between you and your husband?

What led to this? It rarely happens that people go after people with no reason.

Did you have any reservations about them coming and staying over?

Did you express it in some form to them? (Ask these to yourself so that you know that any act on your part did not lead to this situation. Of course, nothing justifies their plotting to get their son married behind your back).

If the answer to this is NO, then it's time to confront your husband, get a mediator and put things on the table.

What does he want? What do you want?

Do you both want to continue in this marriage?

What are his responsibilities towards your son?

These need to be addressed without anymore delay. Being in a limbo state is not fun as it keeps you guessing and the uncertainty can cause a lot of stress.

Also, kindly sensitise your parents towards what you are going through, so that support you in this time of need.

Act NOW and whatever you decide, put yourself first and take care of you emotional state of mind.

Best wishes!

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 21, 2021

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Relationship
In every woman's life mother-in-law is the villain. Similar situation happened in my life just 3 months back. But here in my case I waited till 5 years and I have given a child to my husband. But there is no change in the situation. Rather it became critical in such a way that my husband started harassing me physically, mentally. Now, he is asking for mutual divorce. I need suggestion from you how you handled the situation.
Ans: Dear S, how have you come to the conclusion that the mother-in-law is the villain in every woman’s life?

Have you checked with every woman or is this statement based on your experience and of a few others around you?

Making generalised statements like these, can play the villain in infusing more unwanted thoughts and situations in your life more that the people involved in it.

When you say, ‘I gave a child to my husband,’ does it mean that you were not ready to be a mother then?

I am sure you had a choice to say NO if you were not ready.

When we begin to play ‘victim’, it is easy to keep pulling instances that prove how unfairly we have been treated and play that over and over again till it feels absolutely true.

Instead, why don’t you list the problem accurately?

Assuming right now (as I don’t have much details from you), that you have been treated unfairly and that your husband has harassed you mentally and physically, if divorce is what he wants, do you also feel the same?

If you want to save your marriage, then look for a family therapist who can definitely help with that. But if you feel that you have reached the end of the runway and can’t take it anymore, maybe a mutual consent divorce maybe a better option.

Whatever that the two of you decide, remember that there is a child who is part of this entire situation and needs love and reassurance from both parents that he/she will still get a loving home to grow up in.

Most often couples who argue forget the repercussions that this has on a child and the egos get the better of them.

Whatever you do, there is ‘NO OTHER’ that can come into a marriage, no mother-in-law or anyone else.

Bringing anyone in complicates the marriage and any decision taken because of their treatment towards you cannot contribute to a failure in your marriage.

So choose wisely and take wise steps to do what’s best for your marriage, life and your child.

All the best for a clear mind and a great life!

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 19, 2022

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Relationship
Hi Anu, I have been reading your articles for quite some time. I am 40 years old in a marriage for last 12 years. I have a 11.5 year old son.My marriage is going through a very rough phase. My husband doesn't leave any chance to abuse me, doesn't matter where and with whom we areMy husband proposed to me knowing I have Vitiligo (discoloration of skin). Plus I was not as rich as him. I did make him aware of this before going ahead. His family was against our marriage still he went ahead. From the day of marriage he suddenly changed, and started abusing me in and out. First I thought my mother-in-law is creating problems which she did every time we came together. Infront of every maid and in the absence of my husband she tried to humiliate me based on my skin condition and financial status. But she'd become caring in his presence.After five years of marriage, for a few years we were away from family. It was peaceful and we had a nice time. But during the lockdown and online school we were back with the same problem. Now the condition is that I cannot stay with my husband. My family is very supportive but suggest that before taking any step I should think of my child. And that we should both sit and talk.If I try talking to my husband I know it will end in a fight. Kindly suggest which way should I go?
Ans:

Dear KB,

Maybe someone from the family or his friends have commented on your condition and made him feel that he made the wrong choice.

Even if it’s that, when he knew and had no objection, what is a man’s word is that he keeps it no matter what!

Now that he has gone back on it, it’s natural for others to take advantage of it and mock you for what the society considers as ‘not beautiful’.

In a way, we are obsessed with some sort of standards for what’s beautiful and what’s not. Beauty standards, you might call it so!

He seems to be a different person with his family and without, it suggests that he may not have a very strong mind to back up the decision of marrying you in the first place possibly against the wishes of his family.

Abuse, at no point is justifiable and you need to take a strong stance and draw a boundary as this is going to continue.

Your family has made a wise suggestion and for the sake of the child, it might be worth the effort to sit down have that chat with your husband however hard that might be.

Do not compromise on the fact that this so-called beauty standards and labels within his family will continue. Be unapologetic about who you are and own your beauty your way.

This is non- negotiable and you need to state this clearly when you have that conversation with him. Period!

All the best!

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Dr Ashish

Dr Ashish Sehgal  |97 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 24, 2023

Asked by Anonymous - Feb 18, 2023Hindi
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I had late marraige . My husband was very keen to marry. In fact my family was not very keen. i was the only child and my mom passed away early. After my marraige my husband family behave differently. My mom-in law never allowed our normal relationship. My husband was not financially stable. However his mother used to fulfill all his wishes as she was in job. Now she is retired. I had a steady job and academic background. So I remained financially stable. But I never got any opportunity to lead a normal conjugal life. She constantly created psychological pressure so that I stay away from my husband. My husband also was unable to protest. He was more frank in absence of mother. This strange situation forced me to stay away from my inlaws place. I started living separately. My mom-in law was cooperative as long as Im away from them. Now if my husband is sick, he is informing me, taking financial help, but not allowing me to accompany him to doctor . Its a strange situation. Now My husband is in mental problem with no financial stability and normal peace of mind. How should I tackle this situation?
Ans: I'm sorry to hear that you are going through a difficult time in your marriage. It sounds like there are multiple issues at play here, including strained relationships with your in-laws, financial instability, and your husband's mental health. Here are some steps you can take to tackle this situation:

Seek counseling: It's important for you and your husband to get professional counseling to address the issues you're facing. A counselor can provide guidance on how to manage difficult family relationships, financial stress, and mental health issues.

Set boundaries: It's important to establish clear boundaries with your in-laws. Communicate your needs and expectations with your husband and his family. This may include spending less time with them or limiting interactions with them.

Seek financial stability: If your husband is unable to contribute financially, it may be important for you to take charge of managing the household finances. This can help alleviate some of the stress and uncertainty around money.

Support your husband's mental health: Encourage your husband to seek professional help for his mental health issues. You can also offer emotional support and be there for him during this difficult time.

Focus on your own well-being: It's important for you to take care of yourself during this time. Make time for self-care activities, such as exercise, meditation, or spending time with friends and family.

Remember, these issues may take time to resolve, but with patience, understanding, and professional help, you and your husband can work through them and find a path forward.

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Kanchan

Kanchan Rai  |183 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 30, 2023

Asked by Anonymous - Oct 30, 2023Hindi
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Relationship
I have been married for one year. My mother in law has no respect in her talking towards me. She expects me to do all the household things and she doesn't want her daughter to do any kitchen works. Most of the time I feel like she made her son marry me just to do household things. I don't need any appreciation but I can't bear her disrespectful words. And her cunning character and lies. What can I do in such situations
Ans: Dealing with a challenging mother-in-law can be a delicate situation, but it's important to address these concerns to maintain a healthy relationship with your spouse and in-lawsStart by discussing your feelings with your spouse. Share your concerns about your mother-in-law's behavior and how it's affecting you. Ensure that you both are on the same page before addressing the issue with her. When you decide to talk to your mother-in-law, pick a calm and private setting. Avoid confrontations in the heat of the moment, and try to have a rational conversation. Clearly and calmly communicate how her words and actions make you feel. Use "I" statements to express your emotions without blaming her Make it clear what behavior is unacceptable and establish boundaries. Politely but firmly communicate what you are willing and unwilling to tolerate in terms of comments and expectations. If direct communication doesn't yield positive results, consider involving a neutral third party, a trusted family member, to mediate the conversation. Strengthen your relationship with your spouse and build a support system with friends and other family members. Having a strong network can provide emotional support during challenging times. Remember, it may take time to see changes, and it's essential to approach the situation with patience and understanding. Every family dynamic is unique, and finding the right balance may require ongoing effort and communication.

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Career

Career Coach  |38 Answers  |Ask -

Workplace Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Career
I am Anagha, 31, a banking professional working in a private organisation. I am frustrated with my job. My work involves a lot of travel and my manager is constantly finding ways to keep me engaged even post office hours. I have a 4 year old daughter and my husband complains that we have no work-life balance. Should I take a career break or consider moving to another organisation? Please suggest how I can have a better work-life balance.
Ans: Hey Anagha, it sounds like you're juggling quite a few balls in the air—and let's face it, even the best circus performers need a break sometimes! It's understandable to feel frustrated when your work-life balance starts resembling a Bollywood drama with too many plot twists.

Taking a career break or exploring new job opportunities are both valid options, but before you make any decisions, let's sprinkle some strategic spice into the mix:

1. **Have a Heart-to-Heart**: Start by having an honest conversation with your manager about your workload and the impact it's having on your work-life balance. Sometimes, they might not realize the toll it's taking on you, so speak up and express your concerns. After all, communication is key, just like the perfect recipe for a spicy curry!

2. **Set Boundaries**: Boundaries are your best friends when it comes to achieving work-life balance. Set clear expectations with your manager about when you're available and when you need time for your family. And remember, saying no is not a crime—it's a superpower that ensures you don't spread yourself too thin like butter on toast!

3. **Explore Flexible Options**: See if your organization offers flexible working arrangements like remote work or flexible hours. With technology on our side, you can slay dragons from the comfort of your own castle (a.k.a. your home office), giving you more time to spend with your little one without sacrificing your career ambitions.

4. **Consider Your Options**: If the situation doesn't improve despite your efforts, it might be time to explore other opportunities. Look for organizations that prioritize work-life balance and offer a culture that aligns with your values. After all, life's too short to spend it feeling like you're stuck in a traffic jam on the road to happiness!

5. **Take Care of Yourself**: Last but certainly not least, don't forget to prioritize self-care. Whether it's indulging in your favorite hobbies, spending quality time with your family, or simply taking a moment to breathe, remember that you deserve to recharge your batteries just like your smartphone needs a daily dose of juice!

Finding the right balance between work and life is like mastering the perfect dance routine—it takes practice, patience, and a few missteps along the way. But with a little determination and a sprinkle of Bollywood magic, I have no doubt you'll find your rhythm and waltz your way to a happier, more balanced life!

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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Money
Sir, am 45yrs earning 61k monthly. Another 15years of service. I have a daughter 10yrs old. I want to have a corpus of 1cr at 60. Can u plz suggest how much I should start investing in SIP. My expenses include Lic 15700 for another 3yrs payment Reliance Nippon 36800 for another 4yrs payment Home loan EMI for 21667PM for another 4years Rent paying for 9500 per month Monthly expenses for 15k to 20k per month Income i get Salary 61000 permonth Rent from flat 8300 Plz suggest me to lead peacefull life. Thank u Sir Vikas
Ans: To achieve a corpus of 1 crore at the age of 60, you'll need to start investing in SIPs diligently. Here's a breakdown to help you plan:

Current Monthly Expenses:
LIC: ?15,700 (for 3 years)
Reliance Nippon: ?36,800 (for 4 years)
Home Loan EMI: ?21,667 (for 4 years)
Rent: ?9,500
Other Expenses: ?15,000 to ?20,000
Total Expenses: ?98,667 to ?103,667
Monthly Income:
Salary: ?61,000
Rent from Flat: ?8,300
Total Income: ?69,300
Monthly Surplus:
Monthly Income - Monthly Expenses = ?69,300 - ?98,667 to ?103,667
Monthly Surplus (Deficit): -?29,367 to -?34,367
Investment in SIP:
Since you have a deficit in your monthly surplus, you'll need to adjust your expenses or increase your income to accommodate SIP investments.
Aim to allocate a portion of your surplus towards SIP investments. The amount will depend on your ability to cut expenses or increase income.
To calculate the required SIP amount, you can use online SIP calculators considering factors like expected rate of return, investment horizon, and inflation rate.
Start with a manageable SIP amount and gradually increase it as your income grows or expenses reduce.
Peaceful Life:
Review your expenses regularly and prioritize savings and investments to achieve your financial goals.
Focus on creating an emergency fund to cover unforeseen expenses and protect your financial stability.
Consider consulting with a financial advisor to create a comprehensive financial plan tailored to your specific needs and goals.
Stay disciplined in your financial habits, avoid unnecessary debt, and invest in assets that align with your risk tolerance and investment horizon.

By carefully managing your expenses, increasing your income, and prioritizing savings and investments, you can work towards building a corpus of 1 crore by the age of 60 while leading a peaceful and financially secure life.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
I am 39 year old married we are leaving with our 7year old daughter. I have 1Cr term insurance. I have 5L office + 5L personal health Insurance. Current Cumulative (me and wife) income 135000 per month. Liabilities Home Loan 24L remained paying 21500 per month EMI. Other Loans - 225000, 10000 per month EMI. My Current detailed investment. NPS 368000/-, 6643 per month EPF 827000/-, 16000 per month Total Mutual Funds 612000/-, 7750 per month Nippon India Small cap 112000/-, 500 per month Mirae asset Larg & Mid Cap 263000/-, 3500 per month, Kotak Flexi cap Fund 142000/- , 1000per month. Prag Parekh Flexi Cap 75450/-, 1750 per month. ICICI Corporate Bond Fund 19750/-, 1000 per month. My Wife investment. Total Mutual Funds 633000/- 13500 per month. Axis Small Cap 94580/-, 1300 per month. Mirae asset Larg & Mid Cap 127000/-, 2500 per month. Motilal Oswal Nasdaq 100 FOF 58390/-, 1600 per month. Axis Blue Chip 184000/-, 4500 per month. Parag Parekh Flexi cap 169000/-, 3600 per month. Sukanya Samrudhi Yojna 75000/-, 1000 per month Cumulatively we have overall Saving till now is 247500/- aprox, and current monthly investment is 44893/- Our currently Monthly expenses are around 50000/- Goals Car of 1500000/- in next 3 to 4 years. Daughters Education 1Cr after 11 years. Daughters Marriage 5000000/- After 17 years. Retirement at 58 years 2Cr life expectancy 75Years (me and wife) Please suggest if goals are reachable with current investment? Please suggest estimated goal amount will be sufficient that time? Please suggest if changes required in goal or monthly or mutual funds investment? Highly appreciated if other suggestions
Ans: You've laid out a comprehensive financial picture with clear goals and detailed investments. Let's analyze and provide insights to help you reach your objectives:

Goals Assessment:
Car Purchase: With your current monthly savings and investment capacity, you're on track to achieve this goal within the specified timeframe.
Daughter's Education: To accumulate 1 crore in 11 years, consider increasing your monthly investment in mutual funds and exploring additional avenues like education-specific investment products or child education plans.
Daughter's Marriage: To accumulate 50 lakhs in 17 years, you may need to enhance your investment contributions further. Review your asset allocation and consider higher-risk, potentially higher-return investments to accelerate growth.
Retirement: Accumulating 2 crores by age 58 seems achievable with your current investments, but it's essential to regularly review and adjust your portfolio to account for changing market conditions and evolving financial needs.
Monthly Investments and Mutual Funds:
Evaluate your current mutual fund portfolio's performance and alignment with your goals. Consider diversifying across different asset classes and fund categories to manage risk and optimize returns.
Increase your SIP amounts gradually, aiming to maximize contributions within your budget constraints. Rebalance your portfolio periodically to maintain an optimal asset allocation.
Consider consulting with a financial advisor to ensure your investment strategy aligns with your risk tolerance, time horizon, and financial goals.
Emergency Fund and Insurance:
Ensure your emergency fund is sufficient to cover at least six months' worth of living expenses. Consider enhancing it further to mitigate unforeseen financial risks effectively.
Review your insurance coverage periodically to ensure it adequately protects your family's financial well-being. Consider supplementing your term insurance coverage if necessary.
Additional Suggestions:
Explore tax-efficient investment options such as Equity Linked Savings Schemes (ELSS) to optimize tax benefits while investing for your long-term goals.
Continuously educate yourself on personal finance and investment principles to make informed decisions and adapt to changing market dynamics effectively.
Regularly reassess your financial plan and goals, making adjustments as needed to stay on track towards achieving financial independence and security.
Overall, with disciplined saving, prudent investing, and periodic review and adjustments, you're well-positioned to achieve your financial goals. Stay focused on your objectives, remain disciplined in your financial habits, and seek professional guidance when needed to navigate your financial journey successfully.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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I'm 33yrs old, My corpus is currently 52Lacs in mutual funds with monthly Sip of 1.1lac since two years, topped up whenever I get bonus or amount from different sources. Apart from this I have 50lacs worth in real estate. I want to generate corpus worth 20cr for my kids education(Next 14 and 18yrs for two kids) and retirement by 50. Is there a way to reach my goal. However, I can increase my sip by 8-10% on average every year with top up from bonus I receive quarterly.
Ans: It's commendable that you're planning ahead for your children's education and your retirement. With disciplined saving and investing, you can work towards achieving your financial goals. Here's a tailored plan to help you reach your targets:

Education Corpus for Kids:
Given your investment horizon of 14 and 18 years for your children's education, you have a significant time frame to accumulate the desired corpus.
Continue your SIPs in mutual funds, increasing them by 8-10% annually, as you mentioned. Regular and disciplined investing can help you benefit from rupee-cost averaging and the power of compounding over time.
Consider investing in a mix of equity mutual funds and diversified across different market segments to balance risk and return potential. You can adjust the asset allocation as your children approach college age to reduce risk.
Retirement Corpus:
With a retirement goal set at 50, you have approximately 17 years to build your retirement corpus.
Continue maximizing your SIP contributions and leverage top-ups from quarterly bonuses to boost your savings.
As retirement approaches, consider gradually shifting your asset allocation towards more conservative investments to preserve capital and generate stable income streams.
Explore retirement-focused investment options such as Employee Provident Fund (EPF), Voluntary Provident Fund (VPF), Public Provident Fund (PPF), and National Pension System (NPS) to supplement your mutual fund investments.
Regular Portfolio Review:
Periodically review your investment portfolio to ensure it remains aligned with your financial goals, risk tolerance, and time horizon.
Monitor the performance of your mutual funds and real estate investments, and make adjustments as needed to optimize returns and manage risk effectively.
Emergency Fund and Insurance:
Maintain an adequate emergency fund equivalent to at least six months' worth of living expenses to cover unforeseen financial emergencies.
Consider purchasing adequate life and health insurance coverage to protect your family and investments against unexpected events.
Seek Professional Advice:
Consider consulting with a Certified Financial Planner or investment advisor to develop a comprehensive financial plan tailored to your goals and financial situation.
A professional advisor can provide personalized guidance, help you navigate investment options, and optimize your investment strategy to maximize returns and achieve your long-term objectives.
With diligent saving, disciplined investing, and prudent financial planning, you can work towards building a substantial corpus for your children's education and your retirement. Stay focused on your goals, remain disciplined in your savings and investment approach, and regularly monitor your progress towards achieving financial independence and security.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi sir am 41yrs old and earning 91k per month and have saving of 1 lac . I have invested 15L in M.I.S ,6.38L in equities and 5k every month in s.i.p.I have two kids , am planning to buy house after 4 years worth 50L kindly tell me any investment plan ...so that I can cover the expense of kids education and marriage
Ans: It's great to see your proactive approach towards financial planning, especially considering your children's education and marriage expenses, as well as your goal of buying a house. Here's a tailored investment plan to help you achieve your objectives:

Education Fund for Children:
Open separate education funds or investment accounts for each child to save specifically for their education expenses.
Consider investing in Equity Mutual Funds or Equity Linked Saving Schemes (ELSS) for long-term growth potential, given your investment horizon.
Start a systematic investment plan (SIP) in diversified equity funds, aiming to accumulate sufficient funds by the time your children reach college age.
Marriage Fund for Children:
Similarly, create dedicated investment accounts for your children's marriage expenses to ensure you have adequate funds when needed.
Explore a mix of equity and debt investments based on your risk tolerance and time horizon.
Consider fixed-income instruments like Public Provident Fund (PPF), Fixed Deposits (FDs), or Debt Mutual Funds for stability and capital preservation.
House Purchase Fund:
Since you plan to buy a house in four years, focus on short to medium-term investment options to accumulate the required down payment.
Consider investing in Debt Mutual Funds or Fixed Maturity Plans (FMPs) for capital protection and relatively higher returns compared to traditional savings accounts.
Evaluate your risk appetite and liquidity needs when selecting investment vehicles for your house purchase fund.
Regular Review and Adjustment:
Periodically review your investment portfolio to ensure it remains aligned with your financial goals, risk tolerance, and time horizon.
Adjust your investment strategy as needed, considering changes in market conditions, personal circumstances, and goal priorities.
Emergency Fund:
Maintain a separate emergency fund equivalent to at least six months' worth of living expenses to cover unforeseen financial challenges or expenses.
Keep this fund in a liquid and easily accessible account such as a savings account or liquid mutual fund.
Consult with Financial Advisor:
Consider consulting with a Certified Financial Planner or investment advisor to tailor an investment plan that suits your specific goals, risk profile, and financial situation.
A professional advisor can provide personalized guidance and help you navigate the complexities of investment planning, ensuring you make informed decisions.
By implementing a structured investment plan tailored to your goals and financial circumstances, you can work towards securing your children's future education and marriage expenses while also saving for your own house purchase. Stay disciplined in your savings and investment approach, and regularly monitor your progress towards achieving these important milestones

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi.......I am 45 years old. I am making following investments in Mutual Funds:- I have house of my own, with no liability. I have a investment horizon of 15 years, with high risk taking capacity. I am looking for a retirement corpus of 3-4 crores. I am making following investments in Mutual Funds:- UTI Nifty 50 Index Fund Direct Growth 12000 Tata Small Cap Fund Direct - Growth 4000 SBI Contra Direct Plan Growth 5000 Nippon India Growth Fund Direct- Growth 6000 Quant Small Cap Fund 4000 Nippon India Small Cap Fund 5000 ICICI Prudential Bluechip Fund Direct-Growth 9000 Mahindra Manulife Multi Cap Fund - Direct Plan - Growth 5000 Parag Parikh Flexi Cap Fund 5000 SBI Large & Midcap Fund Direct Plan-Growth 5000 TOTAL 60000 Please analyse the portfolio and advice accordingly.
Ans: Your portfolio reflects a diversified mix of mutual funds across various categories, indicating a thoughtful approach to long-term wealth accumulation. Here's an analysis and some suggestions to consider:

Diversification:
Your portfolio includes funds from different market segments such as large-cap, mid-cap, small-cap, multi-cap, and index funds, providing diversification benefits and exposure to various sectors and themes.
Diversification helps spread risk and can potentially enhance overall returns over the long term.
Index Fund:
UTI Nifty 50 Index Fund offers exposure to the top 50 companies in the Indian equity market, providing stability and consistent returns over time.
Index funds are suitable for investors seeking low-cost, passive investment options that track market performance.
Small and Mid Cap Funds:
Tata Small Cap Fund and Nippon India Small Cap Fund invest in small and mid-cap companies with high growth potential.
While these funds can offer attractive returns, they come with higher volatility and risk. Ensure they align with your risk tolerance and investment horizon.
Contra Fund and Flexi Cap Fund:
SBI Contra Fund and Parag Parikh Flexi Cap Fund follow contrarian or flexible investment approaches, investing across market caps based on market conditions and valuation metrics.
These funds provide flexibility and active management, potentially outperforming benchmark indices over the long term.
Large Cap and Multi Cap Funds:
ICICI Prudential Bluechip Fund, Mahindra Manulife Multi Cap Fund, and SBI Large & Midcap Fund offer exposure to established large-cap and multi-cap companies.
These funds focus on quality stocks with strong fundamentals, providing stability and growth opportunities.
Professional Guidance and Direct Plans:
Instead of investing in direct plans, consider seeking guidance from a Certified Financial Planner or Mutual Fund Distributor (MFD) to optimize your investment decisions.
MFDs can provide personalized advice, portfolio reviews, and ongoing support to help you achieve your financial goals effectively.
Regularly review your portfolio with your MFD to ensure it remains aligned with your objectives and market conditions.
Risk Management:
Given your high-risk tolerance and long investment horizon, it's important to periodically assess and rebalance your portfolio to manage risk and capitalize on growth opportunities.
Stay informed about market developments and macroeconomic trends to make informed investment decisions.
Overall, your portfolio demonstrates a well-diversified approach to long-term wealth creation. Consider leveraging professional guidance from an MFD to optimize your investment strategy and achieve your retirement goals effectively. Regular monitoring and adjustments will be key to maintaining the performance and alignment of your portfolio over time.

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Moneywize

Moneywize   |104 Answers  |Ask -

Financial Planner - Answered on May 05, 2024

Asked by Anonymous - Apr 22, 2024Hindi
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Money
I had purchased an NSC in 2020 and and paid tax every year for the interest on accrual basis. Since last year, it seems post offices are providing data to AIS on receipt basis, that is, whole amount of interest on maturity. What happens to the taxes I have paid in previous years on accrual basis? How do I adjust them?
Ans: The income tax department in India treats interest earned on National Saving Certificates (NSCs) on an accrual basis, even though the interest is paid out at maturity. This means you are correct to have paid taxes on the accrued interest every year.

Here's what happens in your situation:

• No Change for Previous Years: The taxes you've paid on the accrued interest in previous years are valid. You don't need to adjust them.

• Change in Reporting: Since the post office is now reporting the entire interest on maturity to the Annual Information Statement (AIS) on a receipt basis, there might be a mismatch between your tax filing and the AIS data.

Here's how to handle this:

• File Your Return As Usual: File your income tax return (ITR) for the current year including the entire interest received at maturity as income from other sources.

• Explain the Discrepancy: While filing your ITR, you can add a covering letter explaining the situation. Mention that you have already paid taxes on the accrued interest in previous years and provide details like investment year, accrued interest amount for each year, and tax payment proofs (if possible).

It's advisable to consult a tax advisor for personalised guidance on your specific situation, especially if the amount of tax involved is significant. They can help you navigate the process and ensure your tax filing is accurate.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Hi, I am 30 years old, F, married (no kids yet) earning 1.3L/m. Currently I have 4 lakh in FD and a RD of 25K/m earning 7.1% interest. I have been doing SIP of 17.5K(and increase in SIP by 25% yearly). Also, I have an emergency fund of 4 Lakh in savings account. I don't have any knowledge of investment and not sure I am ready to take risk. Please suggest me how to asses risk and what are the best savings option for next 10-12 years.
Ans: It's great that you're taking steps towards financial planning and building wealth for your future. Assessing your risk tolerance is an important first step in determining your investment strategy. Here's a tailored approach to help you assess risk and explore suitable savings options for the next 10-12 years:

Risk Assessment:
Start by understanding your financial goals, time horizon, and comfort level with investment risk.
Consider factors such as your age, income stability, financial obligations, and future aspirations when evaluating risk tolerance.
Reflect on how you would react to market fluctuations and potential losses in your investment portfolio.
Investment Options:
Given your risk aversion, focus on low to moderate-risk investment options that offer stability and steady returns over time.
Explore fixed-income instruments such as Fixed Deposits (FDs), Recurring Deposits (RDs), and Debt Mutual Funds, which provide capital preservation and predictable returns.
Diversification:
While prioritizing safety and stability, consider diversifying your investment portfolio across different asset classes to manage risk effectively.
Allocate a portion of your savings to equity mutual funds or index funds with a conservative approach to benefit from potential long-term growth while minimizing volatility.
Savings Goals:
Identify your financial goals for the next 10-12 years, such as buying a home, starting a family, or saving for retirement.
Prioritize your savings goals based on their importance and urgency, and allocate your investments accordingly.
Regular Review and Adjustment:
Periodically review your investment portfolio and reassess your risk tolerance, financial goals, and market conditions.
Adjust your investment strategy as needed to stay aligned with your objectives and adapt to changes in your financial situation or life circumstances.
Financial Education:
Invest time in learning about different investment options, risk management strategies, and personal finance principles.
Consider seeking guidance from a Certified Financial Planner who can provide personalized advice and help you navigate the complexities of investing.
Remember, while it's important to prioritize safety and stability, being overly conservative with your investments may hinder your ability to achieve long-term financial growth. Find a balance between risk and reward that aligns with your goals and comfort level. With careful planning and informed decision-making, you can build a strong financial foundation and work towards achieving your aspirations over the next decade.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
Hi sir am 35yrs old , and i don't have any savings till now. I am planning to do SIP now onwards 30k per month and mai aim is to I need to achieve 1cr till 45yrs. Kindly suggest me some funds were can I invest.
Ans: Starting a Systematic Investment Plan (SIP) is a great step towards building wealth for your future goals. Given your goal of reaching 1 crore by the age of 45, it's essential to choose mutual funds that align with your risk tolerance, investment horizon, and financial objectives. Here are some suggestions for mutual funds to consider for your SIP:

Diversified Equity Funds:
Look for funds that invest across various sectors and market capitalizations to spread risk.
Consider funds with a proven track record of consistent performance and experienced fund managers.
Large Cap Funds:
Large-cap funds invest in established and well-known companies with a track record of stable earnings.
These funds offer relatively lower risk compared to mid and small-cap funds, making them suitable for long-term wealth creation.
Mid and Small Cap Funds:
Mid and small-cap funds have the potential for higher growth but come with higher volatility.
Invest in these funds if you have a higher risk appetite and a longer investment horizon to ride out market fluctuations.
Balanced Funds:
Balanced funds, also known as hybrid funds, invest in a mix of equities and debt instruments.
These funds provide a balance between growth and stability, making them suitable for investors seeking moderate risk with potential for capital appreciation.
Index Funds:
Index funds replicate the performance of a specific market index, such as the Nifty or Sensex.
These funds offer low expense ratios and are ideal for investors looking for passive investment options with diversified exposure to the equity market.
Tax-saving ELSS Funds:
Consider investing in Equity Linked Savings Schemes (ELSS) to benefit from tax deductions under Section 80C of the Income Tax Act.
ELSS funds have a lock-in period of three years and invest primarily in equities, offering the potential for higher returns over the long term.
International Funds:
Explore international funds that invest in global markets to diversify your portfolio and access opportunities beyond domestic markets.
These funds provide exposure to sectors and companies not available in the Indian market and can offer diversification benefits.
Before investing, assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a Certified Financial Planner to create a personalized investment plan tailored to your needs and objectives. Regularly review your portfolio and make adjustments as needed to stay on track towards achieving your goal of 1 crore by the age of 45. Remember, disciplined investing over time can help you achieve your financial aspirations.

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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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