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Dating a Charming Guy from a Wealthy Family? Turns Out It's All a Facade!

Anu

Anu Krishna  |1664 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 29, 2024

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
Asked by Anonymous - Nov 23, 2024Hindi
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Relationship

I am in a complicated situation. I asked out a guy who I found potentially charming and he pertained to be coming from a wealthy family. He said yes and we started dating a month back. But as per Diwali we both went home and started talking over video calls. I came to know through them that he basically belongs to a village and does not comes from a well to do family, moreover I was traumatised to see his home which was extremely outdated and also had a room which had a tin roof .. and he used to call from that room itself. It’s extremely hurtful to end this with him because otherwise he is an amazing guy .. and we get along really well. I am not even concerned of family and interstate thing as I know they will get convinced but I am myself not ready to compromise.. and I am confused wether I love him that much or not. I myself belong to a good educated family and have been pampered a lot. I do not know how to end things with him. As I don’t think I would be able to live in that village or compromise. Please help

Ans: Dear Anonymous,
Hey, hey...you just asked him out and you have already started to imagine a life with him?
Relax! Enjoy the dating scene a bit; also know that he was possibly afraid of this reactions of yours and had to hide his background. It's his truth; what can anyone do about it, yeah?

So, take a moment and realize that it's just been a few weeks now...give it some time to get to a place where you all these things start to matter. But, of course if social status, financial background are on top of your list, then end this right away to spare the two of you of any more agony. Better now than later...

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

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Anu

Anu Krishna  |1664 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 30, 2022

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Relationship
I am a 25-year-old woman who is still not settled in life. I loved my relative who is 10 years older than me. He also not settled in life. He doesn't have property, no good family (his brothers are not good). When he asks about marriage I used to delay because of my career. At one point of time, he lost interest because of this delay. He is a good person but when we are spending time I am not much comfortable and excited as I was in the initial days of love – be it chats or calls. Recently I chatted with a stranger in Facebook and felt happier chatting with him than with my boyfriend. Somewhere I feel like I want to cut this relationship but I can't imagine him with our girls. If I marry him I won't get good family (relatives). He is not looking as good as he did before. Will I suffer any sexual issues with him in the future? He is still waiting for me.
Ans:

Dear Unknown,

It seems like you have moved away in mind and heart.

It does happen in few relationships as there might have not been a strong emotion attached when the relationship began, or the emotion ceases to exist as you have moved on and changed.

Good or bad? Neither…it happens.

Be rightful and do not lead him on.

It is not his fault that you feel the way that you do. But you do owe it to him to tell him how you feel now, so that he is not living in a love bubble.

So, break it to him gently and wait for his response. It maybe anger, sadness, disappointment.

Be with him through the process. He may not want to speak with you for a while till he gets a chance to process it fully; accept that. He may blame you; accept that as well.

It is not your fault, but he will not have any other safe space to vent out his feelings. And once this stage has passed, discuss it very maturely together as to what the next steps can be.

Till then, it will be only you dealing with this in the relationship when it has to be the business of both.

And as far as sexual issues go, I don’t find any relevance of it as age gap never hurt anyone’s sex life.

And what do his relatives have to do in your relationship? It’s the two of you (if you choose to be together mutually) and anyone else is just an unnecessary add-on piling on to make more mischief. Draw boundaries and live happy.

Now, time to come out clean and then maturely process and decide the future course of action.

My best wishes to you!

..Read more

Ravi

Ravi Mittal  |628 Answers  |Ask -

Dating, Relationships Expert - Answered on Apr 22, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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Relationship
I am a 26 years old girl completed my studies, trying to get a job, 2 years back I fell in love online with a man of 32 years old, we have not met yet physically. He is working on a very small salary in a village i.e. his hometown. He can't get a good government job or private job now due to lack of experience and age. We love each other a lot with all our flaws. My family is strictly against it due to caste difference, low salary, he lives 1600 km away, background differences. Overall they don't trust him and our love and are emotionally blackmailing me to get married with someone they choose. And the thought alone of leaving him makes me sad
Ans: Dear Anonymous,

I am sorry for the challenges you are facing. I understand how difficult it must be to leave a person you love. Having said that, I would also like to point out that living a decent life is not cheap. You are currently unemployed and your partner has a low salary; it will not be sustainable in the long run. I am not asking you to leave him and marry someone else; all I am suggesting is don't rush. Take the time to find a decent job and ask your partner to do the same. Once you think you both are earning a good amount of money, put forth the idea of your marriage again to your parents.

Now the most important thing, you have met him online and never met him in real life. Is it worth taking this kind of risk before verifying everything in person? I am sure he is genuine but there is no harm in cross-checking. And I can't really blame your parents for having their doubts. Please don't rush. One wrong decision can ruin the rest of your life. Take your time, think this through, and meet him in person, most likely in your city and in a public space. Do a thorough background check. It is easy to get fooled when you are in love.

Again, please don't rush. You have your whole life ahead of you.

Best Wishes

..Read more

Ravi

Ravi Mittal  |628 Answers  |Ask -

Dating, Relationships Expert - Answered on Oct 08, 2024

Asked by Anonymous - Oct 05, 2024
Relationship
It is really difficult to explain what I am going through and my words might not completely bring that out but a piece of advice/perception might be really helpful. I am 30 years old. I have a long term boyfriend(started dating in 2012). He was the world to me till almost 2020. He was my family, my everything. I too meant the world to him. We treated each other like "I am his and he is mine". Such was the commitment and care. We never thought we could even think of marrying some one else. We are in long distance since 2017. Used to meet once in every 2 months sort of. In 2021, I met some one else and started going out with him as we were in the same city just casually believing that nothing serious has to happen between us and that I "obviously" will marry my long term boyfriend undoubtedly. But things drastically changed. I developed strong feelings for this person and met more frequently. I went with the flow despite having immense guilt that things will eventually get very complicated and all the three of us will be hurt. But I never gathered the courage to break ties with this new person as the bonding was very maturely strong between us. Nor I could break ties with my long term boyfriend as he still was "my family" and he was the only one I resorted to whenever I needed someone. The new guy belongs to a caste my family will never agree and because of this I persuaded the marriage talks with my family for my long term boyfriend. My family agreed and my marriage date is scheduled in end of November 2024. But I everyday am in dilemma as to whether should I marry my long term boyfriend as scheduled or should I take a bold step of breaking it and going for the guy I met in 2021. I told my mother about the situation but she said my father will never agree for this new guy's caste and that its too late and I should marry as scheduled. I am not able to take a decision and going with the flow and probably will get married with this dual thought and uncertainty. I have thought a lot about this, about how my life will be with both of them, but its very difficult for me to break things with my long term boyfriend even though I have no romantic feelings for him from the past 3 years. There is 0 intimacy, neither emotional nor physical. But I do care for him. I do want him in my life, whether as a husband or otherwise. I feel the way he takes care of me and thinks about me, no one else will. But the thing is I don't actually "feel" for him anything, nor do I miss him as much, we don't talk the way we used to , there's a detachment. We are in long distance and are in such different fields that we never probably will live closer location wise. There's financial disparity. I earn almost thrice as him but we probably are okay with this. We both are aware of all these problems and are still ready to marry with the "hope" that things will eventually be okay. On the other hand, the guy I met in 2021- he has a good career and location wise, we are in long distance too but way better placed and in near future, his job location might be very flexible. He earns more but has huge family obligations as his family including his two brothers are not very well off. I have probably made peace with it when I thought about considering him for marriage. I love him and we have great emotional intimacy . I feel so calm and happy around him. It's like a festival when he is around me. He too loves me a lot and is ready to take efforts to make our marriage possible given the family and caste differences. I am really very disturbed and unable to decide whether I should break the marriage as if things don't improve after marriage, I will regret it always. Preparations have started slightly and it would be a big step now. Should I just forget about the 2021 guy and marry my long term boyfriend in November hoping that things will fall in place..or.. What should I do! My long term boyfriend has also lost feelings for me but he still cares for me and he says if we work for our relationship, things will be good post marriage
Ans: Dear Anonymous,
It sounds like a difficult decision to make. But one simple thing is that you should never commit for a lifetime to a person you do not feel for; that does not mean I am asking you to leave him right away and marry the other guy. That means, you can have an open talk with your long-term BF. Tell him how you feel and let him clarify his feelings too. You can postpone the wedding to sort things out first- and think hard whether both of you want to get married at all.
Leaving one does not equate to choosing another. Choose yourself first; your happiness. You can never be happy in a relationship when you are of two minds. Please don't rush to get married to either of them.

Best Wishes.

..Read more

Ravi

Ravi Mittal  |628 Answers  |Ask -

Dating, Relationships Expert - Answered on Oct 08, 2024

Asked by Anonymous - Oct 07, 2024Hindi
Listen
Relationship
This is an urgent situation and is really difficult to explain what I am going through and my words might not completely bring that out but a piece of advice/perception might be really helpful. I am 30 years old. I have a long term boyfriend(started dating in 2012). He was the world to me till almost 2020. He was my family, my everything. I too meant the world to him. We treated each other like "I am his and he is mine". Such was the commitment and care. We never thought we could even think of marrying some one else. We are in long distance since 2017. Used to meet once in every 2 months sort of. In 2021, I met some one else and started going out with him as we were in the same city just casually believing that nothing serious has to happen between us and that I "obviously" will marry my long term boyfriend undoubtedly. But things drastically changed. I developed strong feelings for this person and met more frequently. I went with the flow despite having immense guilt that things will eventually get very complicated and all the three of us will be hurt. But I never gathered the courage to break ties with this new person as the bonding was very maturely strong between us. Nor I could break ties with my long term boyfriend as he still was "my family" and he was the only one I resorted to whenever I needed someone. The new guy belongs to a caste my family will never agree and because of this I persuaded the marriage talks with my family for my long term boyfriend. My family agreed and my marriage date is scheduled in end of November 2024. But I everyday am in dilemma as to whether should I marry my long term boyfriend as scheduled or should I take a bold step of breaking it and going for the guy I met in 2021. I told my mother about the situation but she said my father will never agree for this new guy's caste and that its too late and I should marry as scheduled. I am not able to take a decision and going with the flow and probably will get married with this dual thought and uncertainty. I have thought a lot about this, about how my life will be with both of them, but its very difficult for me to break things with my long term boyfriend even though I have no romantic feelings for him from the past 3 years. There is 0 intimacy, neither emotional nor physical. But I do care for him. I do want him in my life, whether as a husband or otherwise. I feel the way he takes care of me and thinks about me, no one else will. But the thing is I don't actually "feel" for him anything, nor do I miss him as much, we don't talk the way we used to , there's a detachment. We are in long distance and are in such different fields that we never probably will live closer location wise. There's financial disparity. I earn almost thrice as him but we probably are okay with this. We both are aware of all these problems and are still ready to marry with the "hope" that things will eventually be okay. On the other hand, the guy I met in 2021- he has a good career and location wise, we are in long distance too but way better placed and in near future, his job location might be very flexible. He earns more but has huge family obligations as his family including his two brothers are not very well off. I have probably made peace with it when I thought about considering him for marriage. I love him and we have great emotional intimacy . I feel so calm and happy around him. It's like a festival when he is around me. He too loves me a lot and is ready to take efforts to make our marriage possible given the family and caste differences. I am really very disturbed and unable to decide whether I should break the marriage as if things don't improve after marriage, I will regret it always. Preparations have started slightly and it would be a big step now. Should I just forget about the 2021 guy and marry my long term boyfriend in November hoping that things will fall in place..or.. What should I do! My long term boyfriend has also lost feelings for me but he still cares for me and he says if we work for our relationship, things will be good post marriage
Ans: Dear Anonymous,
It sounds like a difficult decision to make. But one simple thing is that you should never commit for a lifetime to a person you do not feel for; that does not mean I am asking you to leave him right away and marry the other guy. That means, you can have an open talk with your long-term BF. Tell him how you feel and let him clarify his feelings too. You can postpone the wedding to sort things out first- and think hard whether both of you want to get married at all.
Leaving one does not equate to choosing another. Choose yourself first; your happiness. You can never be happy in a relationship when you are of two minds. Please don't rush to get married to either of them.

Best Wishes.

..Read more

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Ramalingam Kalirajan  |10014 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 30, 2025

Asked by Anonymous - Jul 25, 2025Hindi
Money
Sir, I've choosen NIET Greater Noida for BTech CSE, total college fees is coming 11.5 lakhs, we have paid 50k, thinking to get 7.5 lakh as loan from bank, we don't have collateral, earlier we thought that we'll take rest amount from Bihar Student Credit but bank is saying that u can get loan from only one place but drcc is saying that they'll get even after having a loan from bank. I'm short of 3.5 lakhs. My boards percentage is 73.8%.Help me sir to get ideas of how to get the rest amount for my college fees
Ans: – Choosing BTech CSE at NIET is a positive step.
– Good that you're planning your funding early.

? Understanding Your Current Funding Gap
– Total fees: Rs. 11.5 lakh.
– Already paid: Rs. 50,000.
– Planning bank loan: Rs. 7.5 lakh (no collateral).
– Still short: Rs. 3.5 lakh.

? Bank Loan and Bihar Student Credit Card Confusion
– Banks typically allow one loan per student for education.
– However, Bihar Student Credit Card scheme allows funding even if partial loan is taken.
– Visit your district DRCC office in person and explain full loan structure.
– Get a written clarification from them.

? Strategies to Arrange Rs. 3.5 Lakh Gap
– Try increasing the bank loan to maximum allowed under unsecured category (up to Rs. 7.5–10 lakh).
– If DRCC agrees to fund the remaining, you can split the loan.
– Explore NIET’s own installment payment plans. Many colleges have semester-wise fee breakup.
– Request fee extension from the college for the shortfall.
– Approach family, friends, or alumni network for a small temporary interest-free loan.

? Explore Private Education Finance Options
– NBFCs like HDFC Credila, Avanse, or InCred may help with flexible funding.
– They offer loans without collateral up to Rs. 10–15 lakh, depending on course and college.

? Improve Chances of Loan Approval
– Show strong academic intent and purpose to lenders.
– Prepare a course plan, placement record of NIET, and your career goals.

? Finally
– Don’t worry too much. There are multiple small ways to bridge this Rs. 3.5 lakh gap.
– Be proactive with DRCC and college. Keep pushing through.
– You’ve already taken the right steps by planning ahead. Stay focused.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |10014 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 30, 2025

Asked by Anonymous - Jul 23, 2025Hindi
Money
I am 59 years now.Next year i am retiring.currently i am having Rs 9 cr equity,RS 80 LAKS MF,Rs 50 laks FD and Rs 85 laks PF and having 2 house owned.I am expecting Rs 2 laks for my monthly income after retirement.I am having 1 daughter she is 22 years and studying
Ans: At age 59, with retirement just a year away, your planning so far shows strong discipline.
Your goal of Rs 2 lakhs monthly income after retirement is very achievable.
Let’s look at your situation from all angles to build a secure post-retirement financial roadmap.

? Retirement Readiness Assessment

– Your current corpus is excellent.
– Rs 9 crore in equity is significant.
– Rs 80 lakhs in mutual funds adds strong diversification.
– Rs 50 lakhs in FD offers fixed income security.
– Rs 85 lakhs in PF ensures steady post-retirement liquidity.
– Two houses add to your overall stability and confidence.

– With Rs 11.15 crore in financial assets, your financial independence is assured.
– Your target of Rs 2 lakhs monthly income (Rs 24 lakhs annually) is realistic.
– Even assuming modest returns, this can sustain for 30+ years of retirement.

? Portfolio Allocation Post Retirement

– Shift from aggressive to balanced allocation now.
– Reduce direct equity exposure gradually.
– Allocate into hybrid or balanced advantage mutual funds.
– Keep 30%–40% in equity-oriented funds for inflation protection.
– Move 20%–25% to debt-oriented mutual funds for regular income.
– 15%–20% in FDs for short-term needs and emergencies.
– Retain your PF. Start withdrawing gradually after retirement.

– Use a Systematic Withdrawal Plan (SWP) from mutual funds for regular monthly income.
– Prefer growth option and withdraw as per requirement via SWP.
– This gives you tax efficiency and cash flow predictability.

? Monthly Income Plan

– You aim for Rs 2 lakhs/month post-retirement.
– A smart combination of sources can give this.

Use SWP from mutual funds: target Rs 80,000–Rs 1 lakh/month.

Interest from FD: Rs 30,000–Rs 40,000/month.

Partial PF withdrawal: Rs 40,000/month for 15–20 years.

Rental income (if available from 2nd house): Additional support.

– Rebalance every 1–2 years to adjust for inflation and market changes.

? Risk Management and Safety

– Keep Rs 25–30 lakhs in FD or ultra-short debt funds.
– This acts as emergency and buffer for market volatility.
– Avoid new high-risk equity bets at this stage.
– Your current equity should be gradually rebalanced.

– Avoid ULIPs, PMS or structured products from banks or agents.
– They are unsuitable post-retirement.

– Ensure asset safety through joint ownership and nomination updates.

? Tax Planning

– After retirement, your taxable income will change.
– SWP from mutual funds is tax-efficient due to capital gains benefit.
– Long-Term Capital Gains (LTCG) above Rs 1.25 lakh is taxed at 12.5%.
– Short-Term Capital Gains (STCG) on equity funds is taxed at 20%.
– For debt funds, gains are taxed as per your slab.

– FD interest is fully taxable as per slab. Spread FDs in family names.
– Consider gifting funds to daughter (once she earns) to save tax.

– Create a family income-splitting strategy to optimise overall taxation.

? Role of Mutual Funds After Retirement

– Mutual funds will play a central role now.
– Use regular plans through a trusted MFD with CFP credential.
– Avoid direct plans.

– Direct plans lack guidance, reviews, and emotional coaching.
– With regular plans, you get active monitoring and risk control.
– In retirement, having a Certified Financial Planner guiding you adds immense value.

– Stay away from index funds.
– Index funds blindly follow the market.
– They lack downside protection and fund manager expertise.
– Active funds offer rebalancing, risk controls and better retirement fit.

? Daughter’s Education & Support

– At 22, she may need support for higher education or career goals.
– Keep aside Rs 15–20 lakhs in debt funds or FD for her future needs.
– This avoids disturbing your retirement corpus.
– Do not rely on equity for short-term educational needs.

– Once she starts earning, encourage her to plan own finances early.

? Estate and Legacy Planning

– Make a clear Will without delay.
– Include all financial and real estate assets.
– Mention nominees clearly in all accounts and investments.
– Register the Will if possible for legal strength.

– Keep a secure record of passwords, account numbers and bank lockers.
– Share with trusted family members.

– Plan your corpus distribution well – spouse, daughter, charity if desired.
– Protect legacy from legal disputes with proper documentation.

? Health Coverage and Contingency

– Maintain a strong health insurance policy.
– Do not rely only on savings for medical emergencies.
– Take a top-up health plan if needed.
– Ensure spouse is also covered.

– Medical inflation is high. Keep Rs 10–15 lakhs buffer in debt funds.
– This ensures you don’t withdraw from retirement income for health costs.

? Use of Property

– You own two houses.
– Live in one and rent the other if feasible.
– Avoid selling unless absolutely needed.

– Rental income helps reduce pressure on mutual fund withdrawals.
– However, do not consider property as a retirement plan.
– Illiquidity and maintenance are major risks in old age.

? Inflation and Lifestyle

– Rs 2 lakhs per month is good today.
– But inflation will erode it slowly.
– After 10 years, you may need Rs 3.5–4 lakhs/month for same lifestyle.

– So keep at least 35% of portfolio in growth assets like equity funds.
– This ensures your portfolio beats inflation over the long term.

– Revisit your retirement plan every 2 years.
– Adjust withdrawals and investments based on market and expenses.

? Behavioural and Emotional Discipline

– Avoid panic during market volatility.
– Stay disciplined with withdrawal strategy.
– Work with your Certified Financial Planner to avoid emotional investment errors.

– Retirement is a long phase – maybe 25+ years.
– You need growth, income, safety, and peace.
– Stick to the strategy. Don’t chase returns.

– Make spending priorities clear – needs vs wants.
– Focus on health, relationships, experiences – not on flashy lifestyle.

? Action Plan (Next 6–12 Months)

– Rebalance portfolio: Reduce equity, increase hybrid and debt funds.
– Setup SWP from mutual funds for regular cash flow.
– Allocate emergency corpus in FD or liquid funds.
– Create Will and update nominees.
– Review health insurance coverage for self and spouse.
– Keep Rs 15–20 lakhs separate for daughter’s education.
– Finalise post-retirement income plan with Certified Financial Planner.

? Finally

You are entering retirement from a position of great strength.
You have created a solid foundation with over Rs 11 crore in financial assets.
With the right guidance, steady withdrawals and discipline, your retirement life can be peaceful.

Stay focused on safety, tax-efficiency and sustainable income.
Avoid risky products, emotional decisions and large lifestyle jumps.
Let your wealth serve your life goals without tension.

A Certified Financial Planner can support you regularly in these next decades.
Not just for returns, but also for reviews, rebalancing and family safety.
Wishing you a peaceful and prosperous retirement journey ahead.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |10014 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 30, 2025

Asked by Anonymous - Jul 23, 2025Hindi
Money
Hi. I am 27-yrs old and earn 1,36,000 monthly after all the deductions, and get bonus once a year of around 2-2.5 lakhs. I need a solid financial planning for my future. I live with my parents so I dont have to pay the rent, I will get married by the next year though and some money would surely go for the same. My fixed monthly bill sums up around Rs. 26,147 monthly; out of which 24,000 goes for my mba fees, of which 12 monthly installments are still left. And rest goes for wifi and other subscriptions. Then, I send around 10,000 to my brother as well for his personal expenses. I pay a total of Rs. 60,000 towards health & term insurance for me and my family. It has to be paid once a year. Now from rest of the amount I have to save, spend and invest. Currently I have 3.7 lakhs in FD, 1.31 lakhs in PPF, 3 lakhs in EPF, 3.5 lakhs in mutual funds SIP, 50k stocks (very less). Below is my current monthly investment plan (few are new and I update amount often): -Mirae Asset tax saver ELSS : 5000 -Parag Parikh Flexicap fund : 3000 -HDFC Sensex Index fund : 2500 -Mirae Asset Large & Midcap : 1500 -Nippon India Small cap fund : 1000 -DSP Healthcare Fund : 3000 -PPF : 5000 -HUL stock SIP : 2500 -NTPC stock SIP: 500 (idk why I added it but nvm) -Gold ETF : 2000 I plan to invest more in direct stocks, 10k in some aggressive debt/infra fund for car/house and 5k into traveling, and increase the amount of other schemes as well. And from this month, I will invest in NPS too, maybe 5k monthly. My main question: Suggest me a good financial plan like, how much money should I invest/save/spend. I'm fine with modifying my current schemes and amount. I shop and travel a lot so most of my money goes into it. As of now, my goals are: 1. To build/buy a home 2. Buy a car 3. Create long-term wealth 4. Funds for my shopping, travel and entertainment 5. Liquid/cash for my expenses 6. An emergency fund 7. A solid retirement plan (5k into PPF, 5k into NPS, and 7k EPF is sufficient I believe and EPF would also increase every year as per my salary increment)
Ans: – You’re doing well for your age.
– At 27, you already have strong intent and diversified investments.
– Living with parents has helped reduce liabilities, which gives you a head start.
– Managing MBA fees and supporting your brother is commendable.
– You’ve included health and term insurance early, which many skip.
– Let's now structure your plan with purpose and clarity.

? Income and Expense Summary

– Net monthly income: Rs. 1,36,000.
– MBA EMI: Rs. 24,000/month (12 months remaining).
– Brother support: Rs. 10,000/month.
– Fixed bills: Rs. 2,147/month.
– Annual insurance premium: Rs. 60,000 (Rs. 5,000/month equivalent).
– Approx. available for saving/investing/spending: Rs. 1,36,000 – 41,147 = Rs. 94,853.
– However, you also mentioned high discretionary spending on travel and shopping.
– We'll allocate wisely while keeping your lifestyle intact.

? Current Investment Analysis

– Mutual Funds: Rs. 3.5 lakh is a good start.
– Stocks: Rs. 50,000 (experimental, should be limited for now).
– EPF: Rs. 3 lakh (backed by stable contributions).
– PPF: Rs. 1.31 lakh (good for long-term compounding).
– FD: Rs. 3.7 lakh (helpful as emergency fund buffer).

? SIP Distribution Review

– ELSS (Rs. 5,000): Good for tax-saving, but you already have EPF + PPF.
– Flexicap (Rs. 3,000): Excellent for long-term core equity exposure.
– Sensex Index Fund (Rs. 2,500): Avoid this. Index funds offer no downside protection.
– Actively managed funds provide alpha in volatile Indian markets.
– Large & Midcap (Rs. 1,500): Good balance. Continue.
– Small Cap (Rs. 1,000): Volatile. Keep under 10% of total SIP.
– Healthcare (Rs. 3,000): Sectoral funds carry risk. Make this optional.
– Gold ETF (Rs. 2,000): Consider reducing to Rs. 1,000.
– Stock SIPs (Rs. 3,000): HUL is fine, NTPC may not align. Exit NTPC SIP.
– PPF: Rs. 5,000/month is fine.
– NPS: Planning Rs. 5,000/month is good, but regular funds through Certified Financial Planner offer better flexibility.
– Infrastructure/aggressive debt: Good idea, but choose with guidance.

? Recommended Monthly Allocation Plan (Post MBA EMI phase)

Income: Rs. 1,36,000
Assumed allocation after MBA EMIs end (after 12 months):

– Rs. 25,000 – Equity mutual funds (core diversified)
– Rs. 5,000 – PPF (continue as is)
– Rs. 5,000 – NPS (optional; better to redirect to MFs via CFP)
– Rs. 5,000 – Travel fund (short-term debt or liquid fund)
– Rs. 3,000 – Gold (for diversification, not more)
– Rs. 2,000 – Direct stock SIP (restrict this portion)
– Rs. 5,000 – Emergency fund (until you reach 6 months of expenses)
– Rs. 5,000 – Insurance/medical corpus (for top-ups, yearly premiums)
– Rs. 30,000 – Short-term goal bucket (home/car in 4–5 years)
– Rs. 30,000 – Shopping & discretionary expenses

? Emergency Fund Planning

– Ideal emergency fund: Rs. 2.5 to 3 lakh (minimum 6 months of basic expenses).
– You already have Rs. 3.7 lakh in FD.
– That can be earmarked as emergency fund.
– Continue to replenish it when you use it.

? Home & Car Goal

– Do not rush into real estate.
– Instead, create a goal-based mutual fund portfolio.
– For home down payment in 5–7 years, use aggressive hybrid and dynamic bond funds.
– For car purchase, allocate Rs. 10,000/month in a short-duration debt fund.
– Avoid loans early in life unless necessary.

? Retirement Planning

– You’ve already started with EPF, PPF, and NPS.
– This gives a stable base.
– Don’t depend only on these for retirement.
– These are conservative and fixed-income focused.
– Add long-term SIPs through Certified Financial Planner in diversified equity funds.
– That can give higher compounding.
– Increase SIPs as your salary increases.
– Avoid direct funds. A qualified MFD with CFP credential can guide you with reviews.

? Stock Investing Perspective

– Direct stocks require deep research.
– Time, temperament, and knowledge are key.
– Keep max 5% of your net worth in direct stocks.
– Better to focus on mutual funds for long-term growth.
– Avoid random stock SIPs without clear conviction.

? Travel and Shopping Fund

– Allocate a separate Rs. 5,000–7,000/month.
– Use liquid funds for short-term travel.
– Avoid using your long-term investments for discretionary expenses.
– Budget these in advance and automate them.

? Yearly Bonus Planning

– Use your annual Rs. 2–2.5 lakh bonus wisely.
– Split it:
– 30% for investment top-up (mutual funds or car/home goals).
– 30% for insurance, medical reserves.
– 20% for travel or celebration.
– 20% to replenish emergency fund if needed.
– Avoid spending it all impulsively.

? Insurance Review

– Rs. 60,000/year for health and term insurance is reasonable.
– Ensure term insurance covers at least 15x of annual income.
– Health insurance should have Rs. 10–15 lakh family floater.
– Top-up health insurance if needed as medical costs are rising.
– Reassess insurance needs post-marriage.

? Marriage Expenses

– Don’t dip into long-term funds.
– Decide your wedding budget now.
– Allocate from bonus or short-term liquid fund.
– Avoid loans for wedding expenses.
– Stay within means.

? PPF, EPF and NPS Coordination

– PPF (Rs. 5,000/month) – Keep for long term tax-free compounding.
– EPF (Rs. 3 lakh) – Continue contributions via employer.
– NPS – Don’t over-prioritise.
– MFs are more flexible, have no lock-in, and are managed actively.
– If investing in NPS, claim tax benefit under Section 80CCD(1B).
– Review options every 2–3 years with a CFP.

? Tax-Saving Strategy

– ELSS, EPF, PPF, term insurance all qualify under 80C.
– NPS gives additional benefit under 80CCD(1B).
– Don’t overdo ELSS if 80C limit is already reached.
– Instead, divert that to long-term diversified mutual funds.
– Tax optimisation should not lead to poor allocation choices.

? Fund Rationalisation (Immediate Actionable)

– Exit Index Fund. Actively managed funds perform better in India.
– Review Healthcare fund. Sectoral funds should be optional only.
– Reduce Gold ETF to Rs. 1,000/month.
– Stop NTPC SIP unless you have a conviction-based reason.
– Avoid adding more direct stock SIPs for now.
– Add a multi-cap or focused equity fund instead.
– Always invest via a Certified Financial Planner through regular plans.
– This brings guidance, review, and emotional discipline.

? Future Strategy Post-Marriage

– Expense patterns will change.
– Plan household budget with spouse jointly.
– Continue insurance protection for both.
– Start a family health cover.
– Increase SIPs as income grows.
– Set common financial goals.
– Avoid lifestyle inflation and loans early in marriage.

? Best Practices Going Forward

– Set clear short, medium and long-term goals.
– Use separate SIPs for each.
– Track investments every 6 months.
– Don’t switch funds frequently.
– Don’t blindly follow trends or YouTube influencers.
– Avoid direct mutual fund platforms.
– Regular plans via a qualified MFD bring better outcomes.
– Be consistent and disciplined.

? Finally

– You are financially aware, which is rare at your age.
– With structured investing, you’ll create significant wealth.
– Keep life insurance and health insurance up to date.
– Limit direct stock exposure.
– Avoid overlapping funds and sectoral traps.
– Define goals, automate SIPs, and review annually.
– Don’t hesitate to consult a Certified Financial Planner for detailed reviews.
– Be patient. Wealth creation takes time and consistency.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |10014 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 30, 2025

Asked by Anonymous - Jul 22, 2025Hindi
Money
Hello sir, I am 46 year old IT employee, having two kids (14 yrs old girl and 5 yrs old boy), earning 2.5 lakh take home salary per month. Currently I have around 29 lakh in stocks, 19 lakh in MF, 50 lakh in FD, 5 lakh in NPS, around 40 lakh in PF and will get 30 lakh from LIC on maturity in 2035. I live in my own apartment and have my own car (both are fully paid and loan free). I have around 7 lakh in SSY account of my daughter. My current expenses is around 1 lakh per month for daily routine, 30k per month in MF SIP, 30k per month in PF, 1.5 lakh per year in NPS, 40k per year in LIC, around 50K per month in education Of my kids. I have 50 lakh group term insurance and 8 lakh group health insurance cover from my employer. I am planning to increase 10% topup in SIP every year till I retire. Please suggest if I can retire at 55 yrs of age with some decent corpus assuming life expectancy of 80 yrs. regards
Ans: You are doing a great job with your finances. At 46, your discipline and structure show a strong foundation. You have no liabilities, have built multiple assets, and maintain consistent investments. Your commitment to your children’s future is admirable. And your intent to retire at 55 is realistic — provided a few tweaks and careful planning are done now.

Let us do a 360-degree assessment of your financial plan.

? Current Assets and Investments Review

– You have Rs. 29 lakh in stocks.

– You hold Rs. 19 lakh in mutual funds.

– Fixed deposits stand at Rs. 50 lakh.

– Provident Fund balance is Rs. 40 lakh.

– NPS has Rs. 5 lakh now.

– LIC maturity expected in 2035 is Rs. 30 lakh.

– SSY account for your daughter holds Rs. 7 lakh.

– You live in your own house. Car is fully paid.

– No loans or liabilities. That’s an excellent position.

These assets already cover around Rs. 1.8 crore. Over the next 9 years, this can multiply well. You are also adding monthly to mutual funds, NPS, PF, and SSY. That gives a strong base for your retirement plan at 55.

? Monthly and Annual Cash Flows – Balanced Use

– Take-home salary: Rs. 2.5 lakh per month.

– Daily expenses: Rs. 1 lakh per month.

– Kids' education: Rs. 50k per month.

– MF SIP: Rs. 30k monthly (with 10% annual top-up).

– PF: Rs. 30k monthly.

– NPS: Rs. 1.5 lakh annually.

– LIC: Rs. 40k per year.

You are using your income efficiently across consumption, wealth creation, and protection.

Your savings rate is nearly 35% of income, which is very good.

Your lifestyle is well within your means.

However, as kids grow older, their education cost will go up.

So future budgets must plan for that separately.

? Mutual Fund Strategy – Needs Strengthening

– SIP of Rs. 30,000 per month is good.

– Annual 10% top-up is smart.

– However, your SIP amount is still low compared to your income.

– You can gradually move it to Rs. 50k+ in 2-3 years.

– Also, diversify across different categories.

– Do not put everything into small-cap or sectoral themes.

– Allocate across large-cap, flexi-cap, balanced advantage, and multi-asset funds.

– Use regular plans through MFD, not direct funds.

– Direct funds do not offer ongoing guidance or hand-holding.

– MFDs tied with CFPs can do periodic reviews, rebalancing, and behavioural coaching.

– That ongoing engagement adds long-term value.

– Also, avoid index funds. They blindly mimic indices without active decision-making.

– Actively managed funds with proven track records are better in India’s dynamic markets.

– They can outperform even after fees.

– Especially in volatile markets, active fund managers take better calls.

So, continue mutual funds with a thoughtful asset mix and yearly reviews.

? Equity Stocks Exposure – High Risk, High Reward

– Rs. 29 lakh in direct stocks is a sizeable exposure.

– This is almost 30% of your overall portfolio.

– Equity is good for growth, but stocks need careful monitoring.

– If not tracking regularly, shift part of it to mutual funds.

– You can also keep core holdings and exit speculative ones.

– Rebalance yearly to keep stock exposure under 25%.

– Don’t rely too much on one or two stocks.

– Diversify across sectors and market caps.

Stocks should only be one part of your growth strategy, not the main pillar.

? Fixed Deposits – Stable but Low Growth

– Rs. 50 lakh in FD provides safety.

– But it doesn’t grow much after inflation and tax.

– FD interest is taxed as per your slab.

– That reduces the post-tax returns to nearly 5%-5.5%.

– It’s okay to keep part for emergencies and short-term needs.

– But don’t over-allocate here.

– Gradually shift part of the FD to balanced mutual funds.

– That will give slightly better returns without much volatility.

– Use a staggered withdrawal plan for retirement from low-risk funds.

FDs have stability but are not efficient for long-term growth.

? Provident Fund and NPS – Long-Term Power

– Rs. 40 lakh in PF is excellent.

– Your Rs. 30k monthly PF investment boosts retirement security.

– EPF is debt-heavy, so it gives safety and tax benefits.

– NPS at Rs. 5 lakh now with Rs. 1.5 lakh added yearly is good.

– Continue till retirement.

– It offers low-cost compounding with equity-debt blend.

– NPS can also reduce your taxable income.

– But limit allocation to 10-15% of total portfolio.

– Because partial withdrawal is restricted and annuitisation is compulsory at 60.

Still, NPS is a good part of retirement foundation.

? LIC Policy – Needs Evaluation

– You expect Rs. 30 lakh from LIC in 2035.

– Most likely, this is a traditional endowment or money-back plan.

– These give around 4%-5% IRR.

– If surrendering gives better value now, switch to mutual funds.

– But check surrender value and tax impact first.

– If returns are very low, no harm in moving to high-return funds now.

– Insurance and investment should be separate.

– LIC policies rarely beat inflation.

So, review the policy, and if it underperforms, take a decision quickly.

? SSY for Daughter – Good for Education

– Rs. 7 lakh already invested in SSY.

– Continue till age 15, then stop contributions.

– It is a safe, tax-free option with sovereign guarantee.

– Use this only for higher education and marriage.

– Don’t break it early.

– However, also create parallel funds in mutual funds.

– SSY interest will not match actual education inflation.

– Balance it with equity-based funds for daughter’s education.

So SSY is good, but not sufficient on its own.

? Term Insurance and Health Cover – Needs Upgrade

– Group term insurance of Rs. 50 lakh is not enough.

– You are the only earning member.

– Need Rs. 1.5 crore to Rs. 2 crore individual term cover.

– Buy separate term insurance outside employer policy.

– Job loss can cancel group cover.

– Buy a 15–20-year term plan now.

– Premiums are low at your age.

– Health cover of Rs. 8 lakh via employer is also low.

– Buy a top-up family floater policy of Rs. 10–15 lakh.

– Don’t depend fully on employer plans.

So upgrade both life and health insurance urgently.

? Children’s Education and Marriage Goals

– Daughter is 14 years old.

– After 3 years, major education expense will start.

– Son is 5, so his cost starts after 10 years.

– Allocate separate mutual fund SIPs for both.

– Don’t mix with retirement investments.

– Use flexi-cap, hybrid, and large-cap funds for goals over 5 years.

– For less than 5 years, use balanced or low-volatility funds.

– Continue SSY, but create education corpus via SIPs.

– Children’s education inflation is 10%-12% yearly.

– Prepare now, else loans will be needed later.

So prioritise this separately and review annually.

? Retirement at 55 – Feasible with Strategy

– You will have 9 years to build the corpus.

– You already have a base of nearly Rs. 1.8 crore.

– Monthly SIP of Rs. 30k growing at 10% yearly will add further.

– PF and NPS will keep growing.

– LIC maturity adds Rs. 30 lakh.

– Equity and mutual funds will give growth.

– You need to create a retirement kitty of Rs. 4 crore+.

– This will support Rs. 1 lakh monthly income for 25 years post-retirement.

– Income must rise by 6%-7% yearly to match inflation.

– If market performs moderately and you stay disciplined, this is possible.

– Withdraw systematically from mutual funds during retirement.

– Use SWP (Systematic Withdrawal Plan) to manage taxes and get regular income.

– Avoid lump sum withdrawals.

So retirement at 55 can be smooth if planning and execution are right.

? Final Insights

– You are already ahead of many people in financial planning.

– Stay consistent and disciplined.

– Increase SIPs every year by 10%-15%.

– Reduce FD allocation gradually.

– Rebalance portfolio every year.

– Keep equity exposure at 60%-65% until age 52.

– Shift slowly to debt-heavy hybrid funds after 52.

– Ensure life insurance and health insurance are upgraded.

– Create separate education plans for children.

– Review your portfolio with a CFP once every 12 months.

– Take help from an MFD + CFP for regular fund reviews.

– Stay invested, don’t chase short-term returns.

– Don’t panic during market falls.

– Stick to your long-term goals with confidence.

You are on the right track. Just a few improvements and regular reviews will help.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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