Home > Relationship > Question
Need Expert Advice?Our Gurus Can Help
Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 07, 2023

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
Leena Question by Leena on Feb 02, 2023Hindi
Listen

I am brought up in a middle class family where both my parents were working. I am the elder sister and I have a younger brother. Since childhood i feel that my mother has given more time and efforts towards my brother. When he asks something he gets it and when I ask I'm told that it's not required. My mother pretends that she treats both of us equal but i can feel the difference. I'm currently married with a 4 year old kid. My husband is very loving and we have a happy family. My issue now begins when my mother comes to stay/visit us. She begins pointing faults and imposing decisions on us. She does that same with my husband and he doesn't like it either. My mother wants to prove herself right even if she is wrong and will never accept her faults. She is interfering with my child's upbringing too. She will never ever behave like that with my brother. I won't deny the fact that she comes to help when I need since I have no inlaws but just because she knows that we need her she will try to dominate over us. One example is that when my child was 10 months i got a potty seat and she never let me put my kid on it saying that kid is too young and because of this my kid never sat in toilet till he turned 4 years. Another is that she used to feed my son only biscuits all the time even when I used to oppose. Also, once she fed my son ice cream when he was 1 year old and my child developed fever next day and she put blame on me saying I took him our for walk in the evening hence my child got fever. When I used silicon brush to brush my kids teeth she stopped me saying there's no need to brush before 1 month when i objected and continued doing it she blamed .e whenever my kid cried saying that his gums are hurting because you brushed his teeth. Many more such incidents where she puts blame on me and tries to prove me wrong She will almost daily try n tell me that my husband is blaming her for groceries getting over/ equipment not working etc which I know my husband does not (he is very kind hearted ) and she just keeps all this misunderstanding in her head. Many times I've clarified by talking to both of them together. Now, my husband is going out of town and again my mother will be coming. I'm fed-up of these fights n arguments but when in emergency i have to rely on her but she takes full advantage of the fact that I need her. I can't take this anymore and its affecting my mental health

Ans: Dear Leena,
I hear you!
But do allow me to give you a perspective. Relationships are never easy to maintain and manage as they involve emotions and layers through it all. Mothers can at times see their daughters as people who they need to groom for life. It's possible that your mother is doing the same thing. She has made it her sole responsibility to continue to groom you so that you earn a good name in your husband's household. This isn't me saying it, it's the way age-old beliefs could be seeping through your mother.
Now, it has become an interference and it must be conveyed to her. At first, it will hurt her and she might react to it by reminding you of all the sacrifices that she has made in order to raise you; but mind you, be steady in what you convey.
She will eventually understand that her daughter does not need to be monitored and taught to lead her life, but just needs a support system around her. Of course, there might be a withdrawal when she has to help you, but be firm on how you would like be treated from now on.
Polite yet firm is something that works well to avoid conflicts within relationships; so use that well.
Also, the differentiation between you and your brother might just be that she gives you tough love. Tough love is shown by a parent/authority figure to another in order to toughen the other person up and in severe cases it may result in submissiveness. In your case, it is likely that she has a certain belief on how boys and girls must be raised. It will change only when she changes her belief. For now, focus on creating a better environment at home by taking charge and being polite and firm with your mother.
And do know, at the end of the day, she is a mother....love sets everything right.
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 Aug 23, 2022

Listen
Relationship
Hi ma'am. I am 37 years old, married, financially independent working mom of two, and not to forget I have a perfect husband.Problem - I'll not say it's a problem but the thing is my mother was also a working mom. She is super egoistic and critical towards her kids. I had a severe case of insecurity due to continuous criticism regarding my weight, colour and beauty while growing up. I always tried for good academic scores, even then also there was someone better than me. We were always compared. She always said No for any request I made. So I stopped asking and informing her or I'll just tell her some lie. After I got married and after so many years, I thought I am over being that girl. But even now, she gets annoyed if I miss calling her.She calls me names and tells me how I am an awful child to do that to my parents. I try my best to call them every day, I try to include them in everything.Why do I have to be a perfect daughter when I was never told that she is there for me. That I am beautiful, I am a good student or a good daughter. She never calls or allows my father to call if I miss a day. I feel it's only when I do everything the way she wants. Then she is happy. Otherwise she makes sure to hurt me with her words. Please help me.-An insecure daughter
Ans:

Dear R,

Time to stop playing the ‘victim’ card and take charge of your life?

Life isn’t fair at times and all of us face challenges at different points in time.

What if you accepted your mother for who she is rather than try and change her?

Thinking repeatedly about the ‘wrong’ she did to you, is only going to make you feel more resentment.

By asking her to change, (I am sure you have tried this before), has she changed for you to feel secure?

People and their behaviours is not in your control and the more you attempt to change it, the more disappointed you are going to be.

Why not focus on yourself and find your security with close friends and yourself?

The more you play a ‘victim’, the more you will feel the need to prove how poorly you have been treated.

Can you let go of that thin rope and look inward, play on your strengths and tell yourself to accept, move on and create a better life?

And you are not an awful child’ it’s just your mother’s way of asking for your attention negatively.

Smile and become silent. This might cause her to take note and change her stance about you.

All the best!

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 16, 2022

Relationship
Hope you are doing well.I am kinda mentally disturbed and badly need your suggestion. I have been in love and married for 13 yrs. I have a son and a daughter. I'm a working woman.I'm being constantly ill-treated by my mother-in-law. I know such issues exist in every household. But here, it has been a never-ending issue for 13 years now. She is very insecure, when it comes to household chores, my kids and my husband and feels all these areas should be in her control.She feels she is to be given utmost attention and only her thoughts and feelings to be respected and are always right. She insults me, mocks me, and doesn't treat me like a part of the family, though I’m selfless and continue to care for my in-laws and other family members. She keeps hurting me with her words, gestures and behaviour.To her, I'm like a constant pester and she doesn't feel satisfied with any chores or work at home or family. I'm a big mess. She often states 'I’m her` target` and will continue to hurt me verbally and with gestures.My husband doesn't raise questions on his mom's insane behaviour, as she threatens to harm herself.This is a routine she carries out, whenever she wants to. I have zero support from my husband to change his mom and or understand my feelings. Neither should I voice out my views or feelings. I have to look out for her moods and actions and act accordingly, any time.I have no self-respect, no dignity here. It doesn't feel like this is my house or my family, except for my kids. My kids are growing up and I feel I will lose respect amongst them, when she constantly taunts me and insults me for no reason.I have no parents or siblings to share my feelings. I open up with my close friends for a temporary vent out, otherwise, it really doesn't serve any purpose.I feel like I have to live eternally with this mental abuse, as I'm unable to put up with her behaviour and harassment. Acting as if I'm fine every day is killing me.This type of behaviour makes me feel very low and my self-esteem is affected. I feel worthless and my whole life feels like a sheer curse.Please help me get out of this situation and make my mother-in-law mend her behaviour towards me.Awaiting your response.
Ans:

Dear SS,

A story in many patriarchal households!

What can you do to change her and your husband’s attitude on this? Nothing at all.

It’s like a stubborn gene that wants to hold on to age-old beliefs where the mother-in-law rules the home and calls the shots, the son blindly supports his mother’s tantrums.

What can you do when your children also are growing up in this environment?

Here’s where you can put your foot down.

Your children have to learn to respect their mother for who she is. So, stop playing the victim in your situation and take charge.

I am sure the children are at an age where their minds are impressionable and can be beautifully shaped to accept different people in the household.

Instead of spending time cursing your situation, spend the same time being with your children, bonding with them.

Talk and spend a lot of time going out, watching TV, cooking, reading, listening to music and more.

What will start to happen is that the children will learn to hold space for you when you are down and out. And do take care that while you are bonding with them, never talk ill about their father or their grandmother.

This activity isn’t to distance one from the other but to give you a new way of thinking in the existing circumstances.

Having said this, if your husband is someday ready to talk to you about this, by all means be assertive.

Till then, it’s not necessary to suffer. Either you can fight and get fingers pointed back at you or you can negotiate a situation wisely to maintain the peace at home. You always have that choice.

Whatever you choose, never sit in silence and do nothing. That’s what your children will learn; to suffer in silence. So, time to make some subtle and meaningful changes?

Best wishes!

..Read more

Dr Ashish

Dr Ashish Sehgal  |97 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 18, 2023

Asked by Anonymous - Jun 17, 2023Hindi
Listen
Relationship
I am from Middle class family. Our parents, 2 brothers, my sister and Me.My Father is no more and my mom lives alone. She does not want to stay with any of us. We all live out of country and my mother lives in India. My mother is not dependent on us financially and she can manage on her own and does not expect money from any of us. She is getting old and we need to take care of her, but I feel I am only one who checks on her and arranges for any small things she needs. My sibling don't even talk about it, I feel they think if they talk about it then they have do something. Like every other old person my mother and me have a lot of differences on everything like managing finances, or renewing something or going to hospital etc and I become the bad person because of these matters. My siblings don't get involved they just call her once a while and talk for while and manage to stay in her good books. I know that it is my duty to take care of her but I feel not appreciated or rejected when she ignores all the things I do for her when others don't. She is also old school and favors boys over girls and reject me saying that I am from a different family and always guilt traps me saying that she educated me but i earn and spent on my husband family. She hates my in-laws, but they are nice people and my husband is very supportive. Since it is my mother I don't tell these issues to anyone even my husband and it is destroying my Peace.
Ans: I'm sorry to hear about the difficulties you're facing in your relationship with your mother. It can be challenging when there are differences in opinions and expectations, especially when it comes to caregiving and managing family dynamics. Here are a few suggestions that might help you navigate this situation:

Communication: It's important to have open and honest communication with your mother. Try to express your feelings calmly and respectfully, and listen to her perspective as well. Sharing your concerns and thoughts can help create a better understanding between both of you.

Seek support: While you may not want to burden your husband with these issues, it's still essential to have someone to talk to and seek support from. Consider confiding in a close friend or a counselor who can provide an objective viewpoint and offer guidance on how to cope with the emotional stress.

Boundaries: Establishing boundaries is crucial in any relationship. Make it clear to your mother what you can and cannot do, taking into account your own personal and family commitments. It's important to find a balance between caring for her and taking care of yourself and your own family.

Sibling involvement: If you feel overwhelmed and alone in taking care of your mother, you can try to involve your siblings more actively in the process. Have an open conversation with them, express your concerns, and see if they can contribute in any way, whether it's by providing emotional support or assisting with certain responsibilities.

Patience and empathy: Understand that your mother's behavior and expectations may be influenced by her upbringing, cultural beliefs, and personal experiences. Try to approach situations with empathy, even if it's challenging. Remember that she may be experiencing her own struggles and fears as she grows older.

Self-care: Taking care of your own well-being is essential. Ensure that you make time for yourself, engage in activities that bring you joy, and maintain a healthy work-life balance. By taking care of yourself, you'll be better equipped to handle the challenges that arise in your relationship with your mother.

Remember, it's normal to feel frustrated and emotionally drained in such situations. However, with patience, understanding, and effective communication, you may be able to improve your relationship with your mother and find a balance that works for both of you.

..Read more

Kanchan

Kanchan Rai  |183 Answers  |Ask -

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

Asked by Anonymous - Oct 30, 2023Hindi
Listen
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.

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 16, 2023

Asked by Anonymous - Nov 09, 2023Hindi
Listen
Relationship
Hi Anu...i hv been reading ur expertise to solve the issues of people and am really impressed. We have been married for 19years now and have a son and daughter .From the start of the marriage my wife have been inclined towards her mother and her family paying less or no heed to us. Circumstances were also favorable to her and she always got the opportunity to stay close and visit her parents often which i did not mind.We lived in Mumbai and she is from Chennai.After marriage my mom-in-law used to continuosly interfere into our lives by calling her and she used to act as per her suggestions only which led to problems as she was a puppet in the hands of my Mom-in-law. Moreover since my mom-in-law was not in good health my wife tried not to over rule as she did not want her mom to feel sick as she doesnt like to be over ruled or by pass failing which she goes on hunger strike and stop taking tablets spoiling her own health. Due to this reason everybody has been appeasing her.Initially i thought to ignore but slowly it started to affect my family as well as my wife started to see things thru my mom-in-laws perspective and find faults in everything. We shifted to overseas to stay away from all these and we really had a good life for 10 years there but since i lost job during covid i had to shift base to India for my son's education but she chose to stay back there with my daughter as she is working there.I too felt that let her spend some time so that i could settle things in India and call her but it is more than 2 years now and she refuses to come back and dont even care for us and neither call us as family. I tried to involve my in-laws to convince her but they are also playing a diplomatic game and doesnt want to go against their daughter's wish.Due to this attitude of my mom-in-law their own daughter-in-laws have been staying away and since my in-laws stay alone my wife feels that she is the only support system for her parents but it has come on my life's sacrifice. She has been ignoring us and even i kept moving for the sake of my family and children instead of respecting my feelings she has become more adamant now.Her brother is also seperated from her wife and he also looks forward for a support system from my daughter and my wife and they seem close ignoring myself and my son.We have been trying to convince her thru all means but she is caring. Even i feel that it is futile to force someone into relationship but she unknowingly spoiling my family and deprieve my son the mother;s love and also depreive my daughter from affection and love.Due to this my son has also stopped expecting from her and my daughter treats me as a stranger due to long distance. Pls suggest the way forward. Shud i wait for things to improve or leave as it is.I am 47 now and she is 45..told her that let us enjoy the best things in life rather than regretting later but she does not understand.
Ans: Dear Anonymous,
Logic does not appeal to your wife!
What can you do with someone who is adamant about ruining her own family life? It's purely clouded judgement on her part on what to do and not!
With more people dependent on your wife for support, she has found a way of moving even more away from you...what I do not understand is: how is she able to do that to your son?

Either the two of you talk this out and take firm decisions OR accept that this is how it's going to be...sooner or later, she will realize what is happening and will become more aware of her priorities. But, being where you are is painful and it will stress you even more...So, find a way to talk things out is a step that you can take NOW!

Impress upon her as to how important it is keep the family together as a unit for the children to grow in a healthy manner and also how much this time investment will help the two of you as a couple.

All the best!

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Asked by Anonymous - May 07, 2024Hindi
Listen
Money
I am 29 yrs old. I investing 90k per month in mutual fund and stock market valued approx 34lakh and 11 lakh respectively. I also have 100 units of SGB amd activity investing in it around 10 units per issue. Just started PPF investment this year. I need to retire by age of 45. And want 3 lakh per month for monthly expenses. Please guide am i going in right directions?
Ans: At 29, you're demonstrating a proactive approach towards securing your financial future, which is commendable. Your investments in mutual funds, stocks, Sovereign Gold Bonds (SGBs), and Public Provident Fund (PPF) reflect a diversified portfolio aimed at wealth accumulation.

Investing in mutual funds and the stock market can offer substantial growth potential over the long term, especially when approached with a disciplined strategy and a focus on quality investments. Your current portfolio values of approximately 34 lakh in mutual funds and 11 lakh in stocks indicate a significant commitment to building wealth through equities.

Sovereign Gold Bonds (SGBs) offer a unique avenue for investing in gold, providing the dual benefits of capital appreciation and fixed interest income. Your strategy of actively investing in SGBs, averaging around 10 units per issue, aligns with a long-term wealth accumulation plan.

Additionally, initiating PPF investments this year adds a layer of stability to your portfolio. PPF offers attractive tax benefits and a guaranteed rate of return, making it a suitable option for retirement planning.

However, retiring by the age of 45 and aiming for a monthly expense of 3 lakh rupees necessitates a thorough evaluation of your financial plan. While your current investments show promise, achieving your retirement goal will require careful planning and possibly adjusting your investment strategy.

As a Certified Financial Planner, I recommend the following steps:

Conduct a comprehensive financial assessment to determine your current financial position, retirement goals, and risk tolerance.
Develop a detailed retirement plan, considering factors such as inflation, lifestyle expenses, and investment returns.
Evaluate the adequacy of your current savings and investment strategy in meeting your retirement income needs.
Explore options for increasing your savings rate and optimizing your investment portfolio to maximize returns while managing risk.
Continuously monitor and adjust your financial plan as needed to stay on track towards achieving your retirement goals.
In summary, while you've made significant strides in building your investment portfolio, retiring by the age of 45 and generating a monthly income of 3 lakh rupees will require careful planning and disciplined execution. By working with a Certified Financial Planner and regularly reviewing your financial plan, you can increase the likelihood of achieving your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Asked by Anonymous - May 07, 2024Hindi
Listen
Money
While exploring houses to buy, we realised we do not have substantial money for down payment. How wise will it be to delay our house buying plan by 5 years, invest dedicatedly in SIPs and use the accumulated sum to buy the house? We understand house prices will skyrocket as well. What should we try to do to avoid as much tax on withdrawal once SIPs mature - given we plan to invest about 1.25L each month in SIPs for buying a house.
Ans: Delaying your house buying plan to accumulate a substantial down payment through SIPs can be a prudent strategy, provided it aligns with your long-term financial goals. By investing dedicatedly in SIPs over the next five years, you'll have the opportunity to build a sizable corpus, potentially easing the financial burden of purchasing a house in the future.

However, it's essential to consider several factors before proceeding. Firstly, ensure that your investment in SIPs is diversified across different asset classes to mitigate risks. While SIPs offer the potential for growth, they are subject to market fluctuations, and a diversified portfolio can help cushion the impact of market volatility.

Secondly, keep in mind the impact of inflation and the rising cost of housing. While delaying your purchase may allow you to accumulate a larger down payment, it's essential to factor in the appreciation in house prices over time. Regularly reassess your financial plan to ensure it remains aligned with your housing goals and the prevailing market conditions.

Regarding tax implications on SIP withdrawals, consult with a tax advisor to explore strategies for minimizing tax liability. Utilize tax-efficient investment avenues such as Equity Linked Savings Schemes (ELSS) or Tax-Saving Mutual Funds, which offer tax benefits under Section 80C of the Income Tax Act.

Additionally, consider the tax implications of long-term capital gains on your SIP investments. Holding your investments for the long term can qualify for favorable tax treatment, but it's crucial to understand the applicable tax rates and exemptions.

In summary, delaying your house buying plan to invest in SIPs can be a viable strategy, provided you carefully consider market dynamics, diversify your investments, and plan for tax efficiency. Consult with a Certified Financial Planner to develop a comprehensive financial plan tailored to your specific needs and goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Listen
Money
I have started one SIP of Rs40000/month, Dividend Two midcap growth Plan and one Smallcap Direct Growth Plan.. I want to know If after certain year, I can't able to pay by any means of my SIP amount, Is it acceptable. ? what will be my Financial loss to my deposited amount ? Plz Explain?
Ans: It's commendable that you've initiated SIPs (Systematic Investment Plans) to grow your wealth. However, life can be unpredictable, and circumstances may change, affecting your ability to continue these investments.

If you're unable to continue your SIPs after a certain period, it's essential to understand the implications. Firstly, discontinuing your SIPs prematurely can impact the potential growth of your investments. The longer you stay invested, the greater the power of compounding, which can significantly boost your returns over time.

Secondly, abruptly stopping your SIPs may lead to missed opportunities. Market timing is notoriously difficult, and exiting your investments at an inopportune moment could result in lost potential returns, especially if you're invested in mid-cap and small-cap funds, which tend to be more volatile.

Moreover, redeeming your investments prematurely might subject you to exit loads or penalties, further eroding your returns.

As a Certified Financial Planner, I would advise you to assess your financial situation carefully and explore alternatives before discontinuing your SIPs. Consider options like reducing the SIP amount temporarily, switching to a lower-cost plan, or pausing the SIPs if feasible, rather than stopping them altogether.

It's also crucial to have an emergency fund in place to handle unexpected financial challenges without resorting to withdrawing your investments prematurely.

Ultimately, every financial decision comes with its own set of consequences, and it's essential to weigh the pros and cons carefully before taking any action.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Listen
Money
I have bought a Health Insurance for My family 2+1 on Aug 23 with a 25Lacs covering from Reliance General Insurance Co. This Policy is port from Niva Bhupa which i had taken in 2021. I come to know some one from my surrounding is that the Reliance is not settling claims Properly and full. This policy is taken for 2year. Can u Suggest me
Ans: I understand you're concerned about Reliance General settling claims properly. It's good to be aware! Here's how we can approach this:

Claim Settlement Ratio (CSR) Check: Every insurance company has a CSR, a public record showing the percentage of claims they settle. You can check Reliance General's CSR online to see their historical performance.

Policy Review: Review your policy documents carefully. Understand the terms and exclusions related to claim settlements. If something seems unclear, reach out to Reliance General for clarification.

Network Hospitals: Using network hospitals within your policy can streamline the claim settlement process.

Remember, a single experience doesn't represent the entire picture. However, your concern is valid. Let's not worry, we can assess further!

You did well porting your policy! Health insurance is crucial, and you've taken a great step for your family.

Moving forward: If you'd like a more in-depth analysis of your health insurance options, consider consulting a Certified Financial Planner (CFP). They can assess your specific needs and recommend the best plan based on your family's requirements.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Asked by Anonymous - May 07, 2024Hindi
Listen
Money
I m 41 yrs old i invest 3000,3000 and 4000 per month in mutual fund nippon india large cap, quant mid cap and tata small cap so after 10yrs will b able to get 1cr? Or approximately how much i will get ater 10yrs?
Ans: Investing is a wise move for securing your financial future. With your disciplined approach, you're already on the right track. By putting aside 3000, 3000, and 4000 rupees monthly into diversified mutual funds, you're laying a solid foundation for wealth creation.

Mutual funds offer the potential for growth over the long term. Your mix of large-cap, mid-cap, and small-cap funds indicates a balanced strategy, tapping into different segments of the market for optimal returns.

However, predicting an exact amount after 10 years is tricky due to market fluctuations. Mutual fund returns are subject to market risks. While aiming for 1 crore is ambitious, it's essential to temper expectations with realism.

Your investment journey is akin to a marathon, not a sprint. Consistency and patience are key. Regular monitoring of your investments and adjusting your strategy as needed will be crucial to stay on course.

As a Certified Financial Planner, I'd advise you to focus not just on the final number but also on the journey itself. Celebrate milestones along the way and stay committed to your financial goals. Remember, financial planning is not just about numbers; it's about securing your dreams and aspirations for the future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Asked by Anonymous - May 07, 2024Hindi
Listen
Money
I am 31, investing approx 80k per month in SIP, with a current corpus of 50L. I also have 1.2Cr in foreign stocks which have been performing really well, 10L in Indian stock market and another 15L in PPF and NPS. I want to retire by the time I'm 45 with an expected earning of 1L per month. Any suggestions or ideas?
Ans: It's impressive to see your proactive approach to financial planning at 31! With a diversified investment portfolio and a clear retirement goal, you're on the right track to achieve financial independence by the age of 45. Here are some suggestions to help you reach your retirement target:

Assess Retirement Needs: Start by estimating your retirement expenses to determine how much you'll need to generate 1L per month in passive income. Consider factors such as inflation, healthcare costs, and lifestyle preferences.

Review Investment Portfolio: Regularly review your investment portfolio to ensure it remains aligned with your retirement goals and risk tolerance. Consider rebalancing if necessary to maintain the desired asset allocation.

Maximize Contributions: Continue maximizing your SIP contributions to build wealth over time. Consider increasing your monthly SIP amounts as your income grows to accelerate wealth accumulation.

Utilize Tax-Efficient Investments: Explore tax-efficient investment options such as ELSS, PPF, and NPS to minimize tax liability and maximize returns. Take advantage of tax-saving opportunities to optimize your investment strategy.

Diversify Income Streams: Look for opportunities to diversify your sources of income beyond investments. Consider generating passive income through rental properties, royalties, or online businesses to supplement your investment earnings.

Monitor Foreign and Indian Stocks: Keep a close eye on your foreign and Indian stock holdings to capitalize on growth opportunities and mitigate risks. Consider rebalancing your stock portfolio periodically to manage volatility and optimize returns.

Plan for Healthcare Costs: Factor in healthcare expenses when planning for retirement. Consider purchasing health insurance coverage to protect against unexpected medical costs and ensure peace of mind during retirement.

Seek Professional Guidance: Consider consulting with a Certified Financial Planner (CFP) who can provide personalized advice and help you develop a comprehensive retirement plan tailored to your specific goals and circumstances.

With a disciplined approach to savings, strategic investments, and prudent financial planning, you can work towards achieving your retirement goal of generating 1L per month in passive income by the age of 45.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Asked by Anonymous - Apr 11, 2024Hindi
Listen
Money
Hello sir am 40 as of now no savings but want to save to get a good house with out any home loan am looking to get an amount of 50 to 75 lacks ,please suggest with in 2 years how should I invest and where should I invest
Ans: It's admirable that you're setting a goal to save for a house within a relatively short timeframe of two years. Let's explore a strategic approach to help you achieve your target of accumulating 50 to 75 lakhs:

Establish a Budget: Begin by assessing your current financial situation and creating a realistic budget. Identify areas where you can reduce expenses and allocate more towards your savings goal.

Set Clear Savings Targets: Determine the specific amount you need to save each month to reach your target within two years. Having a clear savings target will help you stay focused and motivated.

Explore High-Return Investments: Given your short investment horizon, focus on investments that offer the potential for higher returns while managing risk. Consider a mix of equity and debt investments to balance growth potential with stability.

Avoid High-Risk Options: While high-risk investments may offer the potential for higher returns, they also come with increased volatility and uncertainty. Avoid speculative investments that could jeopardize your savings goal.

Regular Monitoring and Adjustment: Continuously monitor the performance of your investments and make adjustments as needed to stay on track towards your savings target. Rebalance your portfolio periodically to maintain the desired asset allocation.

Consider Tax-Efficient Options: Explore tax-efficient investment options such as Equity Linked Savings Schemes (ELSS) or tax-saving fixed deposits to minimize tax liability and maximize returns.

Seek Professional Guidance: Consider consulting with a Certified Financial Planner (CFP) who can provide personalized advice tailored to your financial goals and risk tolerance. A CFP can help you develop a customized investment strategy aligned with your savings target.

With careful planning, disciplined savings, and strategic investments, you can work towards achieving your goal of saving for a house within the next two years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Asked by Anonymous - Apr 11, 2024Hindi
Listen
Money
You posted: Hi I am 36 years old married. I have a net worth of 4.2 crore which includes second home (bungalow in tier 2 city) of 1.25 Crore without any loan. Investment in equity & mutual fund of 90lakhs. Balance 2.05 Cr in debt, FD & gold. My monthly expense is ?60K. Salary of 1.8L per month. I have Life insurance for self and Health insurance for self and spouse. Can I retire with this amount in tier 2 city?
Ans: Congratulations on building such a substantial net worth at 36! Your financial discipline and strategic investments have put you in a strong position for the future. Let's assess whether you can retire comfortably in a tier 2 city with your current assets:

With a net worth of 4.2 crores, including investments, real estate, and other assets, you have accumulated a significant amount for retirement.

Your monthly expenses of 60K are relatively modest compared to your net worth and monthly income of 1.8L, which is a positive sign for retirement planning.

The absence of any outstanding loans, coupled with life and health insurance coverage, provides financial stability and security for you and your spouse.

Retirement readiness depends on various factors, including your desired lifestyle in retirement, inflation, healthcare costs, and potential unforeseen expenses.

Given your substantial net worth and relatively low monthly expenses, you may have the option to retire comfortably in a tier 2 city, especially if you continue to manage your finances prudently.

However, it's essential to consider factors such as inflation, healthcare expenses, and potential market fluctuations that could impact your retirement corpus over time.

As a Certified Financial Planner, I recommend conducting a detailed retirement projection analysis to assess whether your current assets are sufficient to sustain your desired lifestyle throughout retirement.

Additionally, continue to monitor and adjust your investment portfolio as needed to ensure it remains aligned with your financial goals and risk tolerance.

Remember, retirement is not just about financial readiness but also about emotional and psychological preparedness. Ensure you have meaningful activities and pursuits planned for your retired life.

With careful planning and ongoing financial management, you can look forward to a comfortable and fulfilling retirement in your tier 2 city.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1945 Answers  |Ask -

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

Listen
Money
Good Morning Sir, I'm 24 years old and earning 20k per month, I started steup SIP of 1000 rupees on Tata Small cap Fund Direct growth from last 3 three months. I want to achieve around 10cr rupees by the age of 50-55 how can I achieve it, please suggest me.
Ans: It's great to hear about your commitment to financial planning at a young age. Building a corpus of 10 crores by the age of 50-55 is an ambitious yet achievable goal with disciplined savings and strategic investments. Here's a customized plan to help you reach your target:

Increase SIP Amount: Considering your current income of 20k per month, try to increase your SIP contributions gradually as your income grows. Aim to invest a higher amount each month to accelerate the growth of your investment portfolio.

Diversified Portfolio: While investing in Tata Small Cap Fund is a good start, consider diversifying your portfolio across different asset classes such as large-cap, mid-cap, and multi-cap funds to spread risk and optimize returns.

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.

Long-Term Investment Horizon: Maintain a long-term investment horizon to benefit from the power of compounding. By staying invested for the long term, you can harness the potential growth of your investments and achieve your financial goals.

Regular Review and Rebalancing: Periodically review your investment portfolio to ensure it remains aligned with your financial objectives and risk tolerance. Rebalance your portfolio as needed to maintain the desired asset allocation.

Explore Additional Income Streams: Look for opportunities to increase your income through side hustles, freelance work, or skill development. Additional income streams can provide extra funds for investments, accelerating your journey towards your financial goals.

Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) who can provide personalized guidance and help you create a comprehensive financial plan tailored to your goals and circumstances.

Stay Disciplined and Patient: Building wealth takes time and requires discipline and patience. Stay committed to your savings and investment plan, and avoid impulsive decisions during market fluctuations.

With a disciplined approach to saving and investing, coupled with prudent financial planning, you can work towards achieving your goal of accumulating 10 crores by the age of 50-55.

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.

Close  

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

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

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

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

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

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x