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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 22, 2022

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
MM Question by MM on Jul 22, 2022Hindi
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Relationship

Hi, my daughter got married in 2018. Her husband works in the US. Immediately after marriage she left with her husband to the US. My daughter is a single child and had a protected sort of life. At times immature and stubborn, she also has anger issues. She was not supposed to work, as my SIL wanted a housewife.
There was compatibility issues between them from the beginning. He is from a very conservative family which we were not aware of before marriage. She got depressed there as the climate did not suit her and had no one to talk to. Most of her neighbours were working. SIL was busy with his work. They used to go out for drives or visit nearby places.
We were not allowed to visit her. She finally came down to India homesick and in depression in 2020. Since then, he seems to be totally indifferent to her. She misses him terribly but he seems disinterested. He is only career driven and she has to message him always. He doesn't want to video chat or voice-call her. It’s nearly two years now. We tried talking to his parents but since they are financially dependent on him, they are not doing anything. What is to be done in this case? Please advise.

Ans:

Dear MM,

I am not against getting daughters married to people who live abroad, but at the same time, there’s only little that you know of them.

Just because the boy lives in the US, does not mean that he is broad minded and progressive.

Sadly, your daughter has fallen into a family that does not value feminine charm and power and wants to cull it before it can spread its magic around.

How do you explain something like this to her?

As a woman and mother, will you tell your daughter to grin it and bear it?

Someone who doesn’t have the decency to initiate a call to talk to his wife, sitting on a throne waiting for her to call? (I am going by the details provided by you as I don’t know his side of the story here).

It might be worth the effort to talk to your daughter and find out, if she has also put in the necessary work into growing into the marriage; as living far away from the family might have made her homesick and not working might have made her feel lonely.

This might have also caused her to isolate herself from the marriage which in turn would have caused cracks in it.

Hear both sides, and then come to a wise decision! Ultimately, she’s your daughter and I do know that you want what’s best for her.

So, think and act in a manner that’s best for her; unbiased to begin with.

Best wishes!

You may like to see similar questions and answers below

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 09, 2021

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Dear madam, it’s about my daughter. She is 22, completed Msc (economics) in IIT-Kharagpur and will join job in July at Gurugram. She 2nd of two kids, son being the 1st, also an IITian, now in the US She is with us since March 2020, the longest period after 7 years. She has average intelligence and follows her brother. We never exerted any pressure but always supported her. She strives very hard to reach her goals. In that process she always experiences very tense moments. She shares all in detail with her mother (some very silly). My wife always listens patiently and extends all the required support. She also excelled in cultural activities at IIT -- was cast in a lead role in a short film which stood first in the IIT meet. She was affected by corona during which she did internship with Nomura. She cleared CFA level 1 in Dec 20 and is continuing her last semester from home. She is very much attached to the family and always insists that we live with her. At the same time, she is lazy and never inclined to share any work at home. She was and is busy with her studies then and internship now. She spends most of the day sleeping; working at night, chatting and hardly communicates pleasantries with me and her mother. We do discuss about general things. During conversations with her mother, she would shout and get upset with anything she dislikes. However she will be very normal with her friends. I worry silently but my wife is not able to be passive which is resulting in verbal duels frequently for silly or no reason. My concerns: 1. Her irregular timings – she wakes up at 1 pm,misses breakfast, lunch 2 pm, dinner 10 pm and sleeps sometime after 2 am. 2. She is not exercising. 3. She intervenes in our conversation (between me and my wife) and finds fault with the thinking of my wife. I routinely console my wife that all will be OK soon. But I find it difficult to convince her. Importantly I’ve become helpless and speechless whenever both of them indulge in verbal duels. All my attempts to pacify them are useless. My request to keep silence is not at all heeded. Both find fault with me for not supporting their points. Both are correct from their angles, however the issues are silly. Later both shower so much of love and I always wonder whether they even indulged in fierce battle a little while ago. My concern: How to handle the situation? How to make them silent? Any advice will be appreciated and followed.
Ans: Dear TVR, is it possible to make anyone silent, especially against their will?

Talking loudly or screaming at each other clearly indicates that there is a communication breakdown in that relationship. And silence cannot rebuild this.

There’s a lot of love and a lot of arguments between a mother and a daughter.

It is filled with care, worry, anxiety and a lot of love. They are well meaning but maybe the manner in which it is expressed may not be the best.

Your wife certainly wants to have a better level of communication with the daughter but do remember at age 22, she doesn’t need instructions but more of friendly suggestion; practically ‘A take it or leave it’ one.

But relinquishing this way of parenting and moving to a friendlier one takes a lot of mindset change as now you both are parenting a young lady and not a girl

Also, it would be worth an effort to know if all the studies that she is currently pursuing is not something that is for the outside world and to follow her brother but is something that she likes.

Professional competitive courses can sometimes rob a person of a holistic life leaving little time to have hobbies or a social life to enjoy. Is she under pressure? Does she like what she is studying?

A few study late into the night and a few wake up early. Whatever that is, she must maintain a better lifestyle and eat well. Not maintaining proper mealtimes can be reflective of stress also.

I suggest you and your wife have a chat/talk with her not to instruct her on what to do and what not to BUT making it casual like the three of you are on the same side and looking at the situation outside of you.

That will make her trust you both even more and it could possibly lead her to a better state of mind to tackle her studies and have a good personal life as well.

Wishing your family a wonderful connection.

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 28, 2022

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Hi Anu, I'm a 50 year old male married for 10 years. This is our second marriage for both of us. We live abroad. Since Day One my spouse was suspicious of me linking me with anyone on the street. She says I'm sighting girls. She suspected that I am interested in my elder sister-in-law since marriage. She never told me this for three years. Due to this we never had any relationship (and no child). Because of this constant fighting I lost my mother (I apologised to mother since I was not able to take care of her and I was unhappy. She died within a month of my apology.) I never told anyone either of our relatives about our problems. My father is 90 and alive. I don't want to cause any problem to him. During these 10 years her father never bothered to check if any problems. I hardly slept 1-2 days a week during these years.My spouse never changed a bit during these 10 years. Her position reached a stage where I had to admit her to hospital for psychosis. She got discharged in 2 months because her parents were adamant on discharge on the condition that she will travel to India. But once discharged, she refused to travel for nearly 10 months. Her father supported her. When her mother passed away in December 2020, due to Covid her return tickets got cancelled. In December 2021 she was again in hospital for 20 days in India for similar psychological issues. In April 2022 I visited her house in India and gave her father a 4-page document detailing her behaviour during these 10 years. He simply said she has done unknowingly. He is adamant on trying to send her back to me. While I am struggling to live, her father lives a happy life with his pension. As a father he never corrects his daughter and instead tries to push the problems to me.I have asked for a divorce but she is not willing to give and starts shouting hysterically. Please let me know how to proceed.
Ans:

Dear S,

If you have decided that divorce is the only option to consider, then yes, file for divorce legally by hiring a lawyer who has specialized in cases where the spouse is unwilling to let the divorce happen.

In short, if it’s not a mutual consent, it might drag on for years, so get a good skilled lawyer to take up your case.

On the emotional side of things, I urge you to be patient and empathetic towards your wife. With her mental health condition, she possibly has no control over her thoughts and subsequent actions are a result of an impulsive reaction.

Yes, it is unfortunate that the marriage went through a lot of low phases but do remember she is a human who is going through a challenge which is not easy to fathom by people who don’t have a mental illness.

I realise that this might be a little difficult to do, but in the long-term scheme of things, it will be a good ally as a sound and calm mind helps you through challenging times.

This point of view will help you through the divorce proceedings where you will be able to be fair and just to make sure that she is also taken care of.

All the best for a better journey ahead!

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 03, 2023

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Mam, I am retired father in law and financial well off. My son got married five years back. It is arranged marriage through matrimony. My son and daughter in law are both post degree qualified and well placed and staying with us. We tried asking for some money from both of them for monthly family expenses after two years of marriage which daughter in law refused and said you want dowry in this form, she record conversations, threat us of stree mukti, of police complaint , object our daughter visiting our place, blames us etc. Very often, she fight with her husband as well. We are only in reactive mode every time and accommodate her. Nowadays, she has started demanding the money spent by her mother in marriage and frequently leave our house and stay with her mother. We are afraid that she does not fake complain and harrasss us. Does not have any respect to relation, relatives, isolated /self centric, high ego and make other irritate type of personality, thinks of herself, does not believe that there is world outside. Please advise.
Ans: Dear Subhash,
Since I only have your version of the story, I can only assume that you are going through a rough patch. But I do believe it takes two sides in any story. Why is it that your daughter-in-law wants to all of a sudden behave this way? Were things fine in the initial years of marriage?
Why the sudden demand of money from you when you say that she is well-placed? Surely something seems amiss here.
Anyway, it is worrisome when your own people behave in this way. You are also justified in feeling that she may make a false complaint. Where is your son's mind in this matter? I think he should also be worried about the way things are changing. Is he unable to or has he tried to talk to his wife? At this point, let no one else interfere and let him be the sole person to deal with her.
He knows the challenges at home and will know what to do. So kindly request your son to step in (if he hasn't already done that) and sort this out in the most amicable manner. This first step will then determine the future course of action.
Having said this, I do want the family to recall if there has been any instance that has triggered your daughter-in-law to act this way. That will give you an idea to proceed in the right direction.

Best wishes!

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Kanchan

Kanchan Rai  |183 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 05, 2023

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Dear Madam I am a mother of 24 year daughter. She studied in a reputed school with convent background till class XII. After that she went to Bangalore to study Mass comm but came back to her home town. Here again she got admitted to a new college but due to influence of drugs she could not continue. However she is out of that now. In 2020 she fell for a guy who is two years older and started living with him separately without our consent .She was working with a tier 1 IT company then and later she was asked to leave due to attentdance. After that she joined many company but could not continue. Though the guy work sometimes but the main point is he beats her up. Many times she came out but again she goes back saying she cant leave him. She has 5 dogs. Recently also something happened and her friends from canada called me . We asked her to come back but then later she backed out. We are afraid that we might lose her. We are just clueless what to do. How to convince her as she never listened to us. She is our only daughter and me and my husband are working parents.
Ans: Dear Nibedita,



I'm sorry to hear about the situation you're facing with your daughter. It's understandable to feel helpless and unsure about what to do next.

First and foremost, it's important to remember that your daughter is an adult, and ultimately, it's her decision on what choices she makes. However, as her parents, you can still offer support and guidance to help her make the best decisions for her well-being.

It's concerning to hear that your daughter is in an abusive relationship, and it's crucial to ensure that she understands the gravity of the situation. One option is to speak with a professional, such as a therapist or counselor, who can provide insight on how to approach the topic and offer guidance on how to support her.

Additionally, it may be helpful to reach out to organizations that specialize in supporting victims of domestic abuse. They can provide resources and advice on how to deal with the situation and can even offer assistance in finding a safe place for your daughter and her pets.

It's important to maintain open communication with your daughter and let her know that you're there for her, no matter what. Try to avoid blaming or shaming her for her choices, as this can further isolate her from seeking help. Instead, express your concern and offer to assist her in finding a solution that works for her.

Ultimately, it's essential to prioritize your daughter's safety and well-being, even if it means taking difficult steps such as seeking legal action or involving authorities.

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Kanchan

Kanchan Rai  |183 Answers  |Ask -

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

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Hi, I have a divorcee daughter aged 45 whose unpleasant and quarrelsome behavior is a constant source of misery and headache for whole of the family. Her marriage could not go beyond 2 months as her in-laws turned out to be greedy, troublesome and also found involved in some fraudulent activities with a few police cases against them -- which forced us to seek divorce. I may add that my daughter ever since she was 13 or 14 yrs became a little self-willed and considered her to be always right in action and thought in front of parents or any one else. This has become very serious now. She is not at all open to any kind of reasoning or discussion. If you always act, think or do as per her wish, it is ok otherwise she will start fighting on any thing or every thing. Her attitude of selfishness and always finding faults with other family members including parents is spoiling the peaceful atmosphere of the house. Expecting any kind of adjustment from her is asking for the moon. Kindly advise.
Ans: Dear SN,

I can understand how challenging it must be to deal with your daughter's behavior. It's concerning that she's been displaying this attitude since she was young and that it's causing such turmoil within your family.

Consider seeking the help of a family therapist or counselor who specializes in dealing with family conflicts. A professional can provide an objective perspective and offer strategies for improving communication and resolving conflicts.It's important to establish clear boundaries with your daughter regarding her behavior. Let her know what behaviors are unacceptable and what consequences will follow if those boundaries are crossed.
Encourage Open Communication: Even though your daughter may be resistant to discussion, continue to encourage open communication within the family. Let her know that you're willing to listen to her perspective and work together to find solutions. Instead of solely focusing on her negative behavior, try to reinforce positive behaviors when you see them. Praise her when she acts respectfully or cooperatively, and try to reinforce those behaviors. Show your daughter how to communicate effectively and resolve conflicts peacefully by modeling those behaviors yourself. Avoid getting drawn into arguments or confrontations, and instead, try to remain calm and rational.If your daughter is open to it, encourage her to seek therapy on her own. A therapist can help her explore the underlying reasons for her behavior and develop healthier coping mechanisms.
Encourage Self-Reflection: Encourage your daughter to reflect on her behavior and its impact on herself and others. Help her recognize the importance of empathy and understanding in maintaining healthy relationships.
It may take time and patience, but with consistent effort and support, there is hope for improvement. Remember to take care of yourselves and seek support from other family members or friends if needed.

..Read more

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Sir, i am 42 years old and investing in mutual fund since last 3 years. Tata digital india fund 2000, Axis small cap 2000, Sbi blue chip fund 2000, Hdfc multi cap 2000, Kotak multi cap and Sbi multi cap 1200 step up by 200 every 6 months and recently started Sbi energy fund 1000. I can invest 5k more per month. Is this going well saving a 20 million fund for retirement after 18 years
Ans: It's impressive to see your dedication to investing for your future, especially with a diversified portfolio like yours.

Your current investment strategy appears well-balanced, with allocations across different sectors and fund types.

Increasing your monthly investment by 5k further strengthens your position towards achieving your retirement goal.

Consider adding to funds that have performed consistently well and align with your long-term objectives.

Regularly reviewing your portfolio and rebalancing as needed ensures it stays in line with your risk tolerance and financial goals.

As you approach retirement, gradually shifting towards more conservative investments may be prudent to safeguard your capital.

Continue to stay informed about market trends and seek guidance from a Certified Financial Planner to fine-tune your strategy.

With discipline and persistence, you're on the right path towards building a substantial retirement fund over the next 18 years.

Your proactive approach to financial planning is commendable. Keep up the excellent work, and remember that every rupee invested today brings you closer to a secure future.

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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Hi I have invested 25k one time in parag parekh for 1 year as it is my first time in investing plus I'm planning to invest SIP 5K every month in motilal AND 50k i want to invest one time how do I do so ? It's my first time so I need advice.
Ans: Congratulations on taking the first step towards investing! It's great that you're seeking advice for your investment journey.

For your one-time investment of 50k, consider exploring diversified mutual funds or index funds that align with your risk tolerance and investment goals.

Look for funds with a track record of consistent performance and low expense ratios to maximize returns over time.

As for setting up SIPs, Motilal Oswal offers a range of mutual funds across different sectors. Select funds that suit your investment objectives and risk profile.

To initiate SIPs, you can visit the Motilal Oswal website or reach out to their customer service for assistance in setting up the monthly investment plan.

Ensure that you understand the terms and conditions, including the minimum investment amount, SIP duration, and associated fees.

Additionally, consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your financial situation and goals.

Remember to regularly review your investments and adjust your strategy as needed to stay on track towards achieving your financial objectives.

Investing can seem daunting at first, but with the right guidance and approach, you'll be well-positioned to build wealth over time. Best of luck on your investment journey!

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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Sir, i m 40 yrs old, have two children 11 & 9 years old. Monthly income appx 90000/- P. M. Investing in monthly sip (5 different sector) appx 18000/- p. M. From last 4 years and RD in bank 15000/- p. M. How much i have to invest more for children education and marriage expenses appx 75 lacs each Monthly expenses abt 40 to 50k. No home loan only one car loan 20 installment pending 9100/-
Ans: It sounds like you've been diligently investing in SIPs and RDs to secure your family's future, which is truly commendable.

Given your children's ages, planning for their education and marriage expenses is a prudent step forward.

To accumulate approximately 75 lakhs for each child's education and marriage, you may need to increase your monthly investments.

Considering your current commitments and expenses, allocating an additional amount towards these goals is essential.

Calculating the required monthly investment involves factoring in the time horizon, expected returns, and inflation.

A Certified Financial Planner can help tailor a plan suited to your specific needs and goals.

Adjusting your budget to accommodate higher monthly investments may be necessary to achieve your financial objectives.

Exploring options like increasing SIP contributions or diversifying your investment portfolio can accelerate wealth accumulation.

Maintaining a balance between meeting your current financial obligations and saving for future goals is crucial.

Regularly reviewing your financial plan and making necessary adjustments ensures you stay on track to achieve your objectives.

Your dedication to securing your children's future is admirable. With careful planning and perseverance, you'll undoubtedly succeed.

Keep up the excellent work, and remember that every rupee saved today is a step closer to a brighter tomorrow for your family.

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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I am planning to move to India from Australia with my family after living here foe 20 years. I have kept 1 crore for house & car which should be enough in my hometown. Can you please suggest where should I invest around 80 lakhs to get a monthly return of around 70- 80,000Rs.
Ans: Moving back to your hometown after two decades must stir up a whirlwind of emotions. It's commendable how you've planned ahead.

Your foresight in allocating a significant sum for housing and transportation showcases your prudent financial planning skills.

Investing 80 lakhs for a steady monthly return is a wise move to ensure financial stability and comfort in your new chapter.

As a Certified Financial Planner with 24 years of experience, I understand the importance of securing a reliable income stream.

Your goal of generating 70,000-80,000 Rs monthly from this investment is both reasonable and achievable with careful consideration.

Diversification is key. Explore a mix of investment options to mitigate risks and maximize returns over time.

Consider fixed deposits, mutual funds, bonds, and systematic investment plans (SIPs) for a balanced portfolio.

Mutual funds offer a variety of options catering to different risk appetites, making them suitable for long-term wealth creation.

Fixed deposits provide stability and predictable returns, ideal for securing a portion of your investment.

Bonds can offer steady income streams with lower volatility, complementing the risk-return profile of your portfolio.

SIPs allow you to invest systematically over time, harnessing the power of rupee cost averaging for potential higher returns.

Remember to assess your risk tolerance and investment horizon when choosing the right mix of assets.

Stay informed about market trends and economic developments to make informed decisions and adapt your strategy accordingly.

It's essential to periodically review and rebalance your portfolio to align with your financial goals and risk appetite.

With careful planning and diligence, I'm confident you'll achieve your desired monthly income target and enjoy a financially secure future.

Your proactive approach to financial planning is inspiring. Wishing you all the success in your new journey!

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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I started Sip in three fund Motilal elss fund,parag elss fund, nippion small cap fund 1500 per fund past 1.5 year and started yesterday SBI contra fund 1500 it is good
Ans: It's commendable that you've been consistent with your SIP investments over the past 1.5 years! Let's take a closer look at your investment choices and the recent addition of SBI Contra Fund:

Motilal ELSS Fund and Parag ELSS Fund are Equity Linked Savings Schemes (ELSS), which offer tax benefits under Section 80C of the Income Tax Act. These funds primarily invest in equities and have a lock-in period of three years.
Nippon Small Cap Fund invests in stocks of small-cap companies, which have the potential for high growth but also come with higher risk due to their volatile nature.
SBI Contra Fund follows a contrarian investment strategy, aiming to invest in stocks that are currently out of favor in the market but have the potential for a turnaround in the future.
Adding SBI Contra Fund to your portfolio introduces a diversification element. The contrarian approach of this fund can complement the growth-oriented strategy of small-cap and ELSS funds.

However, it's essential to assess whether SBI Contra Fund aligns with your overall investment objectives, risk tolerance, and investment horizon. Consider factors such as the fund's investment philosophy, historical performance, fund manager expertise, and portfolio composition.

As always, it's wise to regularly review your investment portfolio and make adjustments as needed to ensure it remains aligned with your financial goals. If you're uncertain about the suitability of SBI Contra Fund or any other investment, consider consulting a Certified Financial Planner for personalized advice.

Overall, by diversifying your portfolio across different asset classes and investment strategies, you're positioning yourself well to navigate various market conditions and achieve your long-term financial objectives. Keep up the good work with your SIP investments, and continue to stay informed and proactive in managing your portfolio.

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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My name is Yuvarani..43 yr old homemaker.. Need advice on investing 10 lakhs in mutual funds..And I am planning to invest 20000 as SIP every month..Plse suggest a good plan..If we have to consult a financial planner, Where should we be looking for
Ans: Yuvarani! It's wonderful to see you taking an interest in investing and planning for your financial future. Investing in mutual funds through SIPs is a smart and disciplined approach to wealth creation. Let's explore some options for you:

Given your initial investment of 10 lakhs and a monthly SIP of 20,000, you have a solid foundation to build your investment portfolio.
With a long-term investment horizon in mind, consider a diversified portfolio comprising a mix of equity, debt, and balanced funds. This can help spread out risk and maximize returns over time.
For equity funds, you can explore options such as large-cap, mid-cap, and multi-cap funds. These funds invest in stocks of companies with varying market capitalizations, offering growth potential over the long term.
Debt funds, on the other hand, provide stability and regular income by investing in fixed-income securities such as bonds and treasury bills. Consider investing a portion of your portfolio in debt funds to balance risk.
Balanced funds, also known as hybrid funds, offer a combination of equity and debt investments, providing a balanced approach to growth and stability. These funds can be suitable for investors seeking moderate risk exposure.
When choosing specific mutual funds, consider factors such as fund performance, expense ratio, fund manager expertise, and investment philosophy. Look for funds with a consistent track record of delivering returns and aligning with your risk tolerance and investment goals.
As for consulting a financial planner, you can consider reaching out to Certified Financial Planners (CFPs) who offer personalized financial advice and planning services. Look for reputable financial planning firms or individual CFPs with relevant experience and credentials.
Additionally, you can explore online platforms or advisory services that offer access to certified financial planners and investment advisors. These platforms often provide convenient tools and resources for managing your investments and seeking professional advice.
Remember, investing is a journey, and it's essential to stay disciplined and focused on your long-term goals. By investing regularly through SIPs and seeking guidance from a certified financial planner, you're taking proactive steps towards securing your financial future. Best of luck on your investment journey, Yuvarani!

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Sold a joint ( self and wife) property. Each got 50% sale proceeds in respective bank accts. TDS also deducted separately. Can we now buy a joint property to obviate Capital Gains Tax.
Ans: Congratulations on successfully selling your joint property and managing the proceeds wisely! It's wonderful to see you taking proactive steps towards optimizing your financial situation.

Now, regarding your question about buying a joint property to obviate Capital Gains Tax, let's break it down:

Firstly, it's essential to understand that the sale of a property typically attracts Capital Gains Tax (CGT) on any profit earned from the sale.
However, under Section 54 of the Income Tax Act, there's a provision for exemption from CGT if the sale proceeds are reinvested in another property within a specified time frame.
In your case, since both you and your wife received 50% of the sale proceeds separately in your respective bank accounts, each of you can utilize your share to purchase a new property individually or jointly.
By purchasing a joint property, you can pool your resources and invest in a new asset together. This can be a strategic move to utilize the sale proceeds effectively and potentially minimize tax implications.
However, it's crucial to ensure that the new property meets the criteria for CGT exemption under Section 54. For example, the property should be purchased within the specified time frame and held for a certain period to qualify for the exemption.
Additionally, consult with a tax expert or Certified Financial Planner to understand the specific eligibility criteria and implications of reinvesting the sale proceeds in a joint property.
Keep in mind that while buying a property can offer potential tax benefits, it's essential to consider other factors such as location, affordability, and long-term financial goals.
As you navigate this process, remember that careful planning and informed decision-making are key. Seek professional guidance to ensure compliance with tax laws and optimize your financial outcomes.
Finally, I commend you for being proactive in exploring options to manage your finances effectively. With the right guidance and strategy, you can make informed choices that align with your goals and aspirations. Best of luck on your journey!

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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Best rupay credit card for house hold spending
Ans: When it comes to choosing the best RuPay credit card for household spending, several factors come into play. Here are some key considerations to help you make an informed decision:

Cashback and Rewards: Look for a card that offers attractive cashback or reward points on everyday household expenses such as groceries, utilities, and dining. This can help you maximize the value of your spending.
Annual Fee: Consider the annual fee associated with the card. Opt for a card with a reasonable or waived annual fee, especially if you're primarily using it for household spending.
Fuel Surcharge Waiver: If you frequently use your credit card for fuel purchases, a card that offers a fuel surcharge waiver can help you save money on petrol or diesel expenses.
Additional Benefits: Check for additional benefits such as discounts on dining, shopping, entertainment, or travel. These perks can add value to your card and enhance your overall spending experience.
Acceptance: Ensure that the RuPay credit card you choose is widely accepted across various merchants and online platforms, ensuring convenience and flexibility in your spending.
Customer Service and Support: Look for a card issuer that provides excellent customer service and support. Prompt assistance and resolution of queries or issues can greatly enhance your cardholder experience.
After considering these factors, you can explore various RuPay credit card options available in the market and choose the one that best aligns with your household spending patterns and financial goals. Don't forget to review the terms and conditions, including interest rates, repayment options, and any applicable fees, before making your decision.

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 21, 2024Hindi
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Hello sir, I'm 36 years old and i started investing 8 months back. First first 6 months SIP on UTI index fund -25000, after that SIP on zerodha elss large midcap 250 -25000 and UTI index fund -5000. Currently 30000 investing every month, I like increase to 50000/month. Where to invest for next 10-15 years for my retirement? Like to diversify with small and flexi cap will which will be a good choice for me please suggest. Thanks in advance
Ans: It's impressive to see your commitment to investing and planning for your future. Your journey so far reflects a thoughtful approach to building wealth over time.

Starting with SIPs in UTI index fund and later diversifying with Zerodha ELSS large midcap fund shows a strategic move towards a diversified portfolio.

Now, with your monthly investment capacity set to increase to 50,000, you're positioning yourself even stronger for the future.

Considering your goal of retirement planning over the next 10-15 years, diversifying into small and flexi-cap funds would indeed be a wise move.

These funds offer exposure to companies across different market capitalizations, providing a balanced approach to growth potential and risk.

To assist you further, I recommend seeking guidance from a Mutual Fund Distributor (MFD) who holds Certified Financial Planner credentials.

This professional can offer you personalized advice, emotional support, and handholding throughout your investment journey.

Together, you can explore various small and flexi-cap funds available in the market, considering factors such as fund performance, expense ratio, and fund manager expertise.

By diversifying your portfolio across different asset classes and fund categories, you're spreading out your risk and maximizing potential returns.

Remember, consistency and discipline are key. Keep investing regularly and stay focused on your long-term goals. With the right guidance and support, you're well on your way to a secure retirement.

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Ramalingam

Ramalingam Kalirajan  |1456 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 21, 2024Hindi
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Hi Mr Ramalingam. I want to start investing in sip. Can u tell me which ones I shud take. Every month I can do 12k on sip
Ans: hat's fantastic to hear you're interested in SIPs. It's a smart move towards building wealth gradually.

You've got a solid amount to invest each month, and SIPs are a great way to make that work for you.

Considering your budget, we can explore SIPs across various sectors to diversify your portfolio effectively.

Let's dive deeper into SIPs and how they can work for you.

With SIPs, your investment journey becomes a smooth ride. Instead of trying to time the market or worry about market fluctuations, you're making regular investments, regardless of market conditions.

Now, with your monthly investment capacity of 12k, we can strategize how to allocate these funds across different mutual fund categories.

Equity funds can offer the potential for significant returns over the long term, making them an attractive option for growth-oriented investors. However, they do come with higher volatility and risk.

On the other hand, debt funds provide stability and consistent returns, making them suitable for investors seeking steady income with lower risk.

Balanced funds combine elements of both equity and debt, striking a balance between growth potential and stability. This can be a good option for those looking for a middle ground in terms of risk and return.

By diversifying your SIP investments across these categories, you're spreading out your risk and maximizing the potential for returns.

Work closely with a certified financial planner and make him to understand your financial goals, risk tolerance, and investment horizon. Together, you'll select SIPs that align with your objectives and create a tailored investment strategy.

It's important to remember that investing is a long-term commitment. By staying disciplined and sticking to your SIPs, you're laying the groundwork for financial success. I'll be here every step of the way to provide guidance and support. Let's embark on this journey together!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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