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Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 14, 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
Selvi Question by Selvi on Oct 14, 2022Hindi
Relationship

Dear Anu,
Hope you are doing well!
I happened to read few of your articles on family issues hence thought of seeking advice on a very complicated family issue of mine.
This is going to be really big email... sorry I badly need help!
My elder sister is married for close to 8 years now.
It's an arranged marriage and she is married to very big family of three sisters and two brothers....
My sister's husband been the last one in the family...
Since Day One of the marriage her sisters-in-law would interfere in every little thing that happens in my sister's and her husband's life. Literally everything and her life is miserable now...
These three ladies never let his elder brother's wife as well to stay with her husband and now she lives separately fearing his sisters. And it's the same with my sister's life as well.
It is an arranged marriage with an age gap of 10 years between my sister and her husband...
Since Day One he would pick up silly fights with my sister and emotionally blackmail her...
I'm not sure if he was really into the marriage.... He always complains about my sister, ill-treats her and constantly keep asking her to divorce him.

He listens to his sisters and humiliates her.
My parents have been looking after my sister's needs even after marriage -- phone recharges, dresses and even sanitary napkins.
He has never spent money for my sister's basic needs.
She has to do all house chores like washing, mopping and cleaning.... And his sister will just cook and leave... they have never let my sister to cook but complain to everyone that she doesn't want to do house chores.
I have seen my sister (when I stayed with her for two days just see what was happening in the house) she wakes up at 4 am to sweep the garden mess which is close to half an acre. Then mop the house, wash vessels and clothes.
She will be exhausted by the time she finishes all the work and when she finally sits to eat, the in-laws will taunt her and she has starved without eating for days.

When she discussed this with her husband, he'd ignore or argue with her not to say anything bad about his sisters.
Our upbringing back home was very different. We grew up around house helps who helped us with chores but my sister didn't complain about that as well. She said ‘in laws’ house is way different than mom's place.' It hurts to see my sister this way.
All his three sisters rarely stay at their homes, instead they prefer staying at my sister's place and cause troubles between the husband and wife.
He treats my sister like a slave.
If she doesn't do what he asks her to do he says 'sign the divorce papers and leave.'
According to him, my sister should never visit her mom's place. If she has to visit, she has to seek his permission and he will decide whether she can go or not and for how many days. If she stays back a day longer, he would pick up a fight. Even if he is in a different city she has to stay at her in-laws place.
He works in army as a subhedhar. We have huge respect for people in the Army, that's the reason my sister was married to him despite the difference in age.
And when my sister first gave birth to her son he said the most cruel thing any man could say.
She had a C-section so he said, You are lame, you haven't done anything big or great, you had an operation, you easily cut open and gave birth.
What pain do you think you have when you give birth in anesthesia?

He would humiliate her in front of family members and friends, colleagues...
We have advised her to leave him, find a job, to look after herself and the kids. We will support her. But she is not confident enough. She is so used to being dependent that she is scared of taking the big step fearing her kids’ future.
She has been tolerating him more than any human can tolerate also because she is financially dependent on him.
She has two kids, aged six and three.
If she divorces him, she is worried about the kids’ schooling.
As he is in the Army he will be moving to different cities every two years.
In these 8 years of marriage, they have hardly been together for a year or more.
He never took her to any deputed locations. She has to stay here in Kolar with her in-laws and he would visit her annually. My sister has to bear the brunt of the entire family.
He will call my sister only if his sister permits, otherwise he will stay without calling her for months.
My parents were also bearing all of his attitude for a few years until things went out of hand. Even after having 2 kids his attitude didn’t change.
So my parents had to intervene.
This pathetic man would find millions of ways to torture my sister mentally and physically.
She was a silent and reserved kid in our family. Now she is so used to his behaviour that she is okay to live with him just for the sake of her kids. We are not that well off. My dad is a retired official who gets very little money as pension. So my parents are worried who will take care of her and kids after them if in case we file a divorce. Will alimony work here?
There is no peace in our family.
My parents are old and struggling with their health issues. And now there is so much of mental pressure due to all of this.
After so much struggle and arguments, he finally took my sister with him to his current deputed location for 6 to 8 months. Again upon his sisters’ insistence he left his 6 year old kid with his sister and family and forced my sister to come with him or sign the divorce papers.
And my foolish sister who didn't know what to do left her 6 year old kid with his sister in law family and went with her husband taking the another kid. Now she is crying day and night thinking about her kid.
I went on with a huge argument with him asking what is the need for a child to leave his parents and study at his aunt's place. Since he is in the Army, changing schools should not be so difficult; he is your own kid and blood. How can you leave him alone there? He said, ‘My son will study wherever I ask him to.’
When I asked him why he forced my sister to come with him leaving the kid with his sisters, he used cuss words and asked me to mind my own business. I lost my cool and said that he is acting brainless. He reminded me that he is the Army and no one can do anything to him. He said I could raise a complaint and cut the call.
Now he has set rules that no one should visit or see his son. When my parents went to visit their own grandchild recently, his sisters did not allow them.
I have been telling my parents to lodge a complaint against this man. But my parents feel that he is their son in law. Anything we do would affect my sister's life and brushed it aside. They’d rather convince my sister and send her back to live with the pyscho.
Now they have realised and are repenting for not complaining about him earlier.
Please advise us how to move further because whoever we consulted regarding this told us that we cannot complain about this. Only my sister can complain. She is scared of him and fears to lodge a complaint. She is in a different city now and wouldn't be able to do so.
Is that right? Can't a grieving parent, grandparent or sister like me who is worried to the core about her sister's and cousins life complain against this saddest man?
Is divorce advisable in this case or are we overdoing it?
Should we lodge a police complaint? Can we write to his superior?
It is possible that he might file a defamation case against us?
I literally have no clue what to do or where to seek help. Please help me save my sister from this pathetic marriage.
Awaiting your response.

Ans:

Dear ST,

If you and your parents know what has been going on, why did you not think of lodging a police complaint against your sister’s husband and his family for mental harassment?

What exactly are you waiting for?

Your sister has become used to this misery and sometimes this misery is familiar, and women are willing to put up with it for fear of societal backlash and being a burden on parents.

Which family separates a mother from a child?

Which family entertains the interference of sisters-in-law so much? I am unable to still understand why they would do such a thing.

And to top it all, our country has a huge mass of parents who believe that a daughter once married is the property of her husband. Which only means that he and his family can ill-treat her the way they wish, and the parents cite an excuse of being old and having no money to take care of her if she comes back.

Please, my humble appeal to each parent who have daughters crying out for help…bring them back home; at least they will have a chance to live and live a dignified life. She is still your daughter.

What if she wasn’t married? Would your parents throw all their children out saying that they are poor?

The reason your sister is hesitating to leave the man is perhaps she feels like a burden to your parents.

The first step is to become her strength by welcoming her back; society and her husbands’ family can be taken care of.

Hire a good lawyer who can take care of legal matters if it goes the divorce way.

Divorce or not is your sister and her husband’s decision.

Let her have some time away from her husband and his family. It might help her gain some objectivity and make a wise decision.

So, first you and your parents welcome her back…the rest can wait.

All the best!

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I’m 39 male, married for last 10 years and have 2 kids. We were in a relationship and got married I love my wife and she also loves me a lot. We live in a joint family with my two elder sisters. One of my sisters got married in 2012 and got divorced. She lives with me and my other sister got married 4 years ago. She lives with her husband in the same house. We have a big bungalow. My 2nd sister’s husband’s house is very small and my sister doesn't want to live there that's why she lives in the same house with me. The problem is my wife doesn't want to live there with my sister. She always asks why your sister is not going to her husband’s house? Why is she living here? They don't like each other. They talk to each other for the sake of formality. I told my sister to go and live with her husband's house but she says 'I don't want to live there with their family; I will live here. This is my parents’ house.'Because of this I don't talk to her too much. My wife says I don't want to live here with them, let us stay in another house. But I cannot afford another home. I tell my wife that stay here because we cannot afford another home. This is our home. But she does not understand and we fight every week about this. I am stuck and cannot focus on my work because of this. Pls suggest what should I do?
Ans:

Dear C,

It’s a small crowd that you are all living in.

Too many people in one home can have its highs and lows. Privacy can be invaded and too many interferences from family members can cause a crack in the marriage.

Having said this, I do empathize with the fact that affordability of another home is an issue here.

So, have you tried getting back to the drawing board, bringing in all the members together and literally asking them to throw all that they have for and against one another.

If not, please initiate this. Simply explaining to your wife isn’t going to solve the problem.

If so many of you live under one roof, then it becomes everyone’s responsibility to pool in physically, financially and emotionally.

Your 2nd sister cannot cite reasons that she doesn’t want to live at her husband’s home. If she lives with you, how is she contributing to the home?

These are things that must be ironed out sooner than later. So, what are you waiting for?

Plunge in, bring everyone into the ring, talk, delegate responsibilities and ask them how they would like to contribute and share.

This will also allow your wife a feeling that you care, but that she needs to know your financial situation as well.

All the best!

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Anu

Anu Krishna  |839 Answers  |Ask -

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

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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 Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 23, 2022

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Hi Mam, I would like to remain anonymous.I'm in a very much stressed stage of my life. I had an arranged marriage in May 2020, I had known the guy only for 3 months. I had discussed everything before marriage itself. I am an only child and my father is not with us and my mom's health is not very good. After marriage everything was fine, but after a few days like a month or so, my sister-in-law started calling my mom and asked for gold ornaments, since we got married during the covid pandemic, the wedding was held in a temple. They wanted us to get gold in that money which was spent from our side. We were planning to buy a car so that travelling would be easy for me. I was still working in my old company and my husband had agreed to the same. When we refused to give them the gold. Communication was completely nil, my sister-in-law nor my mother-in-law spoke to me, just a hi bye. My husband was ok initially, but then later he started supporting his family and said what they demanded was right. I got pregnant and I didn't want to travel during this situation, my in-laws didn't agree to send me to my mom's place. They wanted me to quit my job. My sister-in-law who was married had come here and was staying with us. She started interfering in our life, I had to consult the doctor of her choice, quit my job and my husband insisted i listen to them.We had a huge fight and I came to my house. From that day none of them called or even messaged me. I even went to the doctor with my mom. Then after 45 days we got to know that the pregnancy was not viable and it had to be aborted. When i conveyed this message to my husband, he started blaming me saying that I did this on purpose and my sister-in-law started blaming me that i had aborted because it was a girl child. I was shocked that such baseless allegations on me, I couldn't digest this. They even threatened that they'll file a police complaint on me and my family. Then they wanted to get me checked with another doctor of their choice. I even went for the check-up. The doctor said that these things are common in first pregnancy and not to worry. Even after this my sister-in-law was blaming me and my mother told me that we didn't take proper care. Sister-in-law was present at every doctor's check-up. On the final day of check-up, I was in the hospital for 1.5 hours my husband didn't come. I left thinking he'll not come. But later he called me and started verbally abusing me and my family saying that he'll file a police complaint coz we didn't wait for him at the hospital. I mean I didn't know how to react to this. He used very vulgar language. I couldn't tolerate this. I told him I will not stay with him any longer. He then again started vulgarly abusing me, calling me and my family names which is not acceptable. Now I have filed for divorce and domestic violence. He has filed for restitution of conjugal rights and his sister has filed a defamation case on me coz I said that she has deserted her husband which is true. He's demanding money which they are claiming to have given for marriage expenses and litigation charges to sign mutual divorce papers. I don't know the total amount he might ask. Mam I don't know what to do. Kindly help me take a decision. Is my decision right to divorce him?
Ans:

Dear AV,

Clearly a lot has happened and is happening which is rather unpleasant for you. This will disturb your peace of mind.

To ask me if your decision is right to divorce him is not a wise thing to do as the decision is yours to make.

You know your situation and you know what’s at stake and you also know what and how much you can take.

Firstly, hire a lawyer who is adept in dealing with cases of dowry demands and verbal abuse.

The correct step will be to narrate the situation to the lawyer as is and also tell him/her what you want to do and what you can derive financially out of the case if the divorce progresses.

Be prepared with what you want from and out of the divorce as every divorce lawyer will ask you this.

Also going prepared will cut down on the initial lawyer consultation fees. So, hire a good lawyer first.

Make sure that the initial wealth; all movable and immovable property given to you by your parents during the marriage that includes cash as well must be demanded back from your husband and his family.

You have a right over this streedhan. So, if you are filing for divorce, bear this in mind.

Secondly, to help you restore your mental health, I suggest that you actually pen the story of your married life down and each painful memory needs a release from your system.

It’s okay to be angry and spiteful towards the people involved but in the end for your own peace of mind, tell yourself that every story has an end and that instead of playing the victim, you will transform into a person who can take charge of her life and give the story a positive end.

Stop mulling over WHY it happened and move to WHAT CAN I DO NEXT.

Easier said than done? But being a problem space for too long will erode your wellbeing, so it’s wise to seek a solution.

Be brave and do the right thing. Never allow anyone to kill your spirit. All the best!

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Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 09, 2023

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Hi Anu...I dont want to be named but want to share my issues here with you to guidance. Im married and live with my wife and 2 year old son in Noida and my parents lives in some village in UP approx 500 Kms afar. My initial upbriging was done by my Grandparants at separate place till age of 10 so never got any chance to get along with my poarants very well as lived with them for only 4 years then shifted Noida. now the issue issus is my sister who is 5-6 years younger than me has been living with paranets since birth and became very arrogant and irresponsible in life as my parants never tried to correct her instead they always push me to get along citing Im older..she never even accepted my wife and even tried to conspire against my baby boy by filing my mothers mind for years. my parents married her 4 years ago but she dont spend even a month continuously at her inlawa and dont get along with them...she want to sta with my paranets as nobody bothers her in what she wants to do... when anybody try to make her realise that she is wrong she start threating them by saying that she will harm herself...actually she never does. My parents are getting older and dont want to see them suffer mentally and financially anymore but them cant come with me as they have take care of my Great Grandparents..she is too proud to say sorry to me for things she has done but my parents emotionally blackmailing to to talk to her....what should I do...
Ans: Dear R,
Obviously your parents have no clue that their over indulgence in your sister and her life is causing her misery. Their relationship is unhealthy and they are unaware of it...things are sure to go downhill until one of them pulls back...in this case, the ideal thing would be for your parents to pull back and cut financial and emotional support till she starts behaving like an adult and become accountable for herself and her life.
Some people just don't want to grow up...and that is because they have parents or parent figures who fill in their every need and fulfil their every want.
This becomes a habit and when they don't get what they want, they will threaten just like your sister does...she basically likes playing the 'child' and hence your parents are never out of their responsibility of parenting...make them aware that it is enough and a tough stance will set her right and help her build her life.
A grown up must be one and just keep the child alive in them...but here your sister just wants to be the child and keep happily playing thar role as the parents are allowing it...kindly intervene and help your parents understand and do the right thing for their daughter...

All the best!

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 25, 2024

Asked by Anonymous - Mar 22, 2024Hindi
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I am 50 years old lady. I have youger sister about 40+ age. she is very negative thinker from younger age. I dont have mother and father. i have younger brother. my younger sister was in depression at time lock down then after treatment she become nornal therefore we decided to do marriage as she is along and nobody is there to take care of her as I am also having family. I and my family did marriage of her without inform her depression condition to groom. now her husband telling we are cheated to him. toubling us what to do...
Ans: Dear Anonymous,
Is your sister in a depressive phase yet again that her husband feels like he has been cheated? If she had fever after marriage, would he still have felt cheated by the fact that you didn't tell him about any fever before marriage?
Mental health issues are still not freely accepted in our part of the world as yet...given this, I am not surprised at the way your sister's husband and his family are behaving this way. The only way is to pacify them about it by giving them the facts as they are now.
Appeal to their wise side that it is possible to manage depressive phases and that the support of family is of utmost importance. Now winning this argument will depend on how forward thinking they are and whether they will be able to brush of the social stigma of depression. It's a nasty game but one that you all are already in...give it your best shot and talk about it openly at least now for your sister's sake. Hiding this has caused an unnecessary drama, so being frank is your only best option now...

All the best!

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Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi, I currently earn 42k per month at the age of 25, no loans, I have 2 Lacs in mutual fund and around 80k in stocks. I also have a term insurance and health insurance is from company policy. I stay at parents house so no rent either, just 9-10k per month on an average on electric bill+ grocery that I pay. I invest 12k per month in stocks and mutual fund altogether. Am I having a right approach or should i make any emergency fund? And how and where to keep the money? I'm planning to get a health insurance for my mother and I next year.
Ans: It's commendable that you're already prioritizing investments at such a young age and have taken steps to secure insurance coverage. Your approach demonstrates financial responsibility and foresight.

Given your current financial situation, establishing an emergency fund is indeed a prudent step. An emergency fund acts as a financial safety net, providing liquidity to cover unexpected expenses like medical emergencies or job loss without disrupting your long-term investments.

As a Certified Financial Planner, I recommend setting aside at least three to six months' worth of living expenses in your emergency fund. Since your average monthly expenses are around 9-10k, aim to accumulate around 30k to 60k in your emergency fund.

You can keep your emergency fund in a high-yield savings account or a liquid mutual fund for easy accessibility and liquidity. These options offer stability and ensure your funds are readily available when needed.

Regarding health insurance for you and your mother, it's a wise decision to enhance your coverage. Evaluate various health insurance plans to find one that meets your specific needs and offers comprehensive coverage for medical expenses.

Continue with your disciplined approach towards investing in stocks and mutual funds. Allocating a portion of your monthly income towards investments ensures wealth accumulation over time. Regularly review your investment portfolio and make adjustments as needed to align with your financial goals and risk tolerance.

Overall, you're on the right track with your financial planning and investments. Keep up the good work and remain proactive in managing your finances for a secure and prosperous future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi sir, I'm 24 yrs old just started working in new domain which is not relevant to my core studies (i studied msc in zoology ) but now working in as network engineer (bcos its one of my passion), wo i followed my heart voice.. For mow i started earning 15k as fresher , and i started investing in MF for about 1 yrs and my sip amount per month is 4k and plus lumpsum addition amount result in around 1 lakh with profit of 9 percent of my portfolio .. it's growing slow and steadily but i want to increase my savings and invest . Kindly advice on this your thoughts .. My holdings all are direct funds Parag flexi Icici nifty 50 index Icici bluechip Nippon small I don't want to diversify more that this in MF so i stop only with 4 mfs .. Thanking you for your advice
Ans: Starting your career in a different domain from your academic background is a brave move, showcasing your willingness to follow your passion. It's impressive how you've taken charge of your finances despite starting with a modest income. Keep up the good work!

Increasing your savings and investments is a wise decision, especially at a young age. Gradually raising your SIP amount as your income grows is a prudent step towards building wealth over time. Consistency is key in investing, and your commitment to regular investments will pay off in the long run.

Direct funds offer several advantages over regular funds, including lower expense ratios, potentially boosting your returns over time. However, managing direct funds requires expertise and time commitment. Considering your busy schedule, investing through a Certified Financial Planner (CFP) with expertise in mutual funds can be advantageous. They can provide personalized guidance, monitor your portfolio, and make timely adjustments as needed, ensuring optimal returns while you focus on your career.

While mutual funds are a solid starting point, exploring other investment avenues gradually can further diversify your portfolio and optimize returns. Consider learning about stocks, bonds, or alternative investments to broaden your investment horizon.

Continuous education about financial concepts and investment strategies will empower you to make informed decisions and navigate the complex world of finance effectively. Keep seeking knowledge and stay open to new opportunities.

With dedication, discipline, and a proactive approach, you're well on your way to achieving your financial goals. Keep believing in yourself and your abilities, and remember that every small step you take today contributes to a brighter financial future tomorrow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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I need to create corpus of 5 crores in 10 years. im currently investigating of 46500 past one year. i have following mutual fund in my portfolio Hdfc sensex index 20k pgim midcap 3k motilal midcap index 3k sbi next 50 index 1k motilal micro index 46 icici prudential technology 1k quant small cap 7k parakpari flexi cap 5k axis small 2k. im private employee and earning of 140000 per month. so please provide suitable answer which created 5cr in 10 years also i have lic of 50k per year,ppf of 50k per year and nps 5k every month. my current age is 34
Ans: Creating a corpus of 5 crores in 10 years is an ambitious goal, but with careful planning and strategic investments, it's achievable. Your current investment portfolio and savings habits provide a solid foundation for reaching this milestone.

Given your age of 34 and the 10-year time horizon, we'll need to focus on a growth-oriented investment strategy while ensuring diversification and risk management.

Let's start by optimizing your mutual fund portfolio. While you have a diversified mix of funds, we may need to make some adjustments to align with your goal. Consider increasing allocations to high-growth potential funds like mid-cap and small-cap funds, which historically have outperformed broader market indices.

Regularly review your portfolio to monitor performance and make necessary adjustments based on market conditions and your evolving financial goals.

Additionally, continue your disciplined approach towards savings. Your LIC, PPF, and NPS contributions provide stability and long-term growth opportunities. Ensure you maximize contributions to these instruments within permissible limits to harness their full potential for wealth accumulation.

Remember to stay patient and committed to your financial plan. Building a significant corpus requires time and consistency. As a Certified Financial Planner, I'm here to guide you every step of the way and help you navigate through market fluctuations and uncertainties.

With determination and strategic financial planning, you can achieve your goal of creating a 5 crore corpus in 10 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 03, 2024Hindi
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I want to take Health Insurance for my mom and dad , But not sure if they contain pre existing disease or not. As My Mon often get sick. And I if take Health Insurance Blindly I might need to be waiting list or company can reject claim stating you didn't mention about pre diseases. Please Guide what steps I need to take
Ans: It's commendable that you're considering health insurance for your parents. It's a vital step towards securing their well-being.

Understanding your parents' health condition is crucial before purchasing insurance. Consider scheduling a comprehensive health check-up for them. This will help identify any pre-existing conditions they may have.

If pre-existing conditions are found, don't worry. Many insurance policies cover pre-existing illnesses after a waiting period. Disclose all relevant information to the insurer transparently to avoid claim rejections later.

Opting for a family floater health insurance plan can be beneficial. It covers the entire family under a single policy, including pre-existing conditions after the waiting period.

Compare different health insurance policies, considering factors like coverage, premium, waiting period, and claim settlement ratio. Choose a plan that suits your parents' healthcare needs and your budget.

Regularly review and renew the health insurance policy to ensure continuous coverage. As a Certified Financial Planner, I'm here to guide you through this process and address any concerns you may have.

Remember, investing in your parents' health is an investment in their happiness and well-being.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Hi, I liked a home that cost 1.1 crore. I don't have a down payment hence I decide to take this in joint name with my friend, who had 40 lakh rupees. Will bank permit home loan of 70 lakh to me to take this home in joint ownership with friend.
Ans: Taking a joint home loan with your friend can be a viable option to fulfill your dream of owning the desired home. Banks typically consider the combined income and creditworthiness of all co-applicants when approving a joint home loan.

In your case, since your friend has 40 lakh rupees for the down payment, you can apply for a home loan of 70 lakh rupees jointly. However, it's crucial to note that each bank has its own lending criteria and may evaluate the loan application based on factors such as income stability, credit history, and debt-to-income ratio.

Before proceeding, it's advisable to discuss the terms of the joint ownership with your friend and seek legal advice to draft a co-ownership agreement outlining the responsibilities, rights, and obligations of each party to avoid any potential conflicts in the future.

Additionally, consult with multiple banks or financial institutions to compare loan offers and choose the one that best suits your requirements in terms of interest rates, tenure, and repayment options.

By leveraging the combined financial strength of both applicants, you can increase the chances of loan approval and make your dream of homeownership a reality.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 01, 2024Hindi
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Sir, I am 43 years old, wish to invest Rs. 10,000/- in Some good Mid cap fund for 15 years horizon. Is it safe to go ahead with Quant mf or some other fund house i should think off. Please advise. I am already investing via SIP with Canara robeco Large cap 5000/-, Axis Large cap fund 5000/-, Idbi Top 100-2000/-, Axis mid cap fund.-3000/-Mirae mid cap fund 5000, mirae mid and large cap 5000/-and Nippon small cap fund 7500/- since last 5 years. My horizon is 15 years from now. My expectations is to get minimum approx 4 cr at the age of 60. Kindly advise some changes required in portfolio to achieve my goals.
Ans: Given your current investment portfolio and your goal of accumulating approximately 4 crores in 15 years, it's essential to ensure that your investment choices align with your objectives and risk tolerance.

Mid-cap funds can offer attractive growth opportunities over the long term, but they also come with higher volatility compared to large-cap funds. Since you already have exposure to mid-cap funds through Axis Mid Cap Fund, adding another mid-cap fund like Quant MF may increase concentration risk in your portfolio.

Instead, consider diversifying into other asset classes or fund categories to spread risk and enhance growth potential. You may explore adding a balanced fund or a multi-cap fund to your portfolio to achieve better diversification across market segments.

Furthermore, regularly reviewing your portfolio with a Certified Financial Planner can help assess its performance, rebalance as needed, and make necessary adjustments to stay on track towards your retirement goal.

Your commitment to systematic investing is commendable. By staying disciplined and making informed decisions, you're laying a strong foundation for a secure financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Hi, I am aged 34, have been accumulated 2.28 Cr via investing in small cap mutual funds (Nippon(since 2017), dsp(since 2016), hsbc(l&t)(since 2016), quant(since 2023), I don't have any loans, had two kids aged 4.5 yrs and 2 yrs, I have only one specific goal in my mind, to have a peaceful retirement. Taking into cognizance of inflation can you suggest any course correction,if any, I need to make, being a employee of statutory body, income wise it's extremely stable till I turn 60.
Ans: Given your prudent investment approach and stable income, you're well on track for a peaceful retirement. With a portfolio predominantly in small-cap mutual funds, you've embraced growth potential. However, let's address the elephant in the room: inflation.

Inflation has a knack for eroding purchasing power over time. To safeguard your retirement dreams, we'll need to fortify your investment strategy. While small-cap funds offer robust growth prospects, they can also be volatile, especially in the face of economic downturns.

Diversification is our ally here. We can explore a blend of large-cap, mid-cap, and debt funds to balance risk and return. Large-cap funds offer stability, while mid-cap funds provide growth potential with less volatility. Debt funds act as a cushion during market turbulence, ensuring a smoother ride towards retirement.

Moreover, consider revisiting your asset allocation periodically. As you approach retirement, gradually shift towards more conservative investments to shield your corpus from market fluctuations.

Regular reviews with a Certified Financial Planner can fine-tune your strategy and adapt it to changing market dynamics. They can offer personalized guidance tailored to your financial goals and risk tolerance, ensuring a smooth sail towards retirement.

Your disciplined approach to savings and investments is commendable. Keep nurturing your financial acumen, and together, we'll pave the path for a serene retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Ramalingam

Ramalingam Kalirajan  |1960 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Listen
Money
Sir I have fd of 35 lakhs on which I have taken loan against it 22lakhs out of which I have invest onland which is valued at 50 lakhs now I have monthly sip in the following mf Bajaj finserve flexi cap direct 1000 Nippon india retirement wealth creation fund 500 Bandhan nifty small cap 250 index fund 500 Boi multi capfund 1000 Depend upon my saving iam investing lumpsum in Boi multi asset fund Mahindra manulife flexi capfund Bajaj finserv balanced adv fund Aditya Birla sunlife medium term plan Tala gold ETF these are good funds? whether have to change them and I have to repay my loan amount or have to invest in mf (where I can invest 40k monthly) I am a psb employee aged 35 years having monthly income of 1.1 lakh
Ans: Considering your financial situation, it's commendable that you've built a substantial fixed deposit and invested in land. However, taking a loan against it is a double-edged sword. While it can provide liquidity, it also adds debt to your portfolio.

Your monthly SIPs in various mutual funds showcase a diversified approach, which is wise. However, it's essential to evaluate if these funds align with your risk appetite, financial goals, and time horizon. Additionally, investing lump sums requires careful consideration to avoid overexposure to certain sectors or asset classes.

Given your stable income and age, repaying the loan should be a priority to reduce debt burden and interest costs. Simultaneously, you can continue investing in mutual funds to build wealth systematically. It's crucial to strike a balance between debt repayment and wealth accumulation.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:
Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.
• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.
• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.

When it comes to choosing mutual funds, seeking guidance from a Certified Financial Planner can be advantageous. They can help tailor your investment strategy based on your financial objectives and risk tolerance. Additionally, they can offer insights into the pros and cons of actively managed funds versus index funds, helping you make informed decisions.

Ultimately, the key is to maintain a diversified portfolio, stay disciplined with your investments, and regularly review your financial plan to adapt to changing circumstances.

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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