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Anu

Anu Krishna  |891 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 14, 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 - May 08, 2024Hindi
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Relationship

I am a female 34 married to a 39 Male. I have a 4 year old daughter. Since the very beginning, i spent my savings for household expenses. I had expected him to spend money after my daughter's birth. Most of his income goes towards payment of EMI of 2 houses. I asked him to stop one emi so that we can live properly. He told me that he would always block money in some or the other investment and reduce his disposable income. So I changed my career path to a more lucrative one. I am currently studying to get employedvin such career. Its taking time as inspite of full time maid, i had to take care of her without his support but unnecessary criticism. I have made my own support system, take care of my daughter financially and even take care of her outings. When he is home he takes care of her but he is not consistent . Rather he will pick fights about how i am not a good mother. He has these anger issues where once he is angry he starts shouting, criticizing and sometimes swearing. I learnt to not listen to his words when angry but my daughter heard it twice. After every such fight he would apologize and placate me. But overtime i lost all love for him. He gets triggered by little things like a simple basket and then blow it up. Recently he came drunk and hit me. I asked him to stop and he slapped me twice and then stood near my bed taking about his feelings for 2 hours. The entire incident terrified me and i went back to my parents. I have asked him time and again to get therapy for his anger. I can't let my daughter grow in such environment. I am currently planning to live near my parents and live as a single mother. I am currently preparing for job interviews and the forthcoming exams. I keep hearing that if i am patient he will change. That he will suffer without his daughter. But he is not even considering therapy. Also he can visit her anytime. We live some 12 hours from his location but he can just come over weekends if he wants to. I am financially comfortable now and thus taking few months to set my career. Please advise if my plans are appropriate. I am

Ans: Dear Anonymous,
It may seem cruel, but by actually maintaining some space between you and your husband, it is possible that he starts to mend his ways.
Use this time away from him to set your career and financial independence.
Whenever your husband comes over, make sure you set a boundary that tells him that he needs to change if he wishes to get back into the marriage.
He may not be willing to go into therapy, but he will need to as the root cause of his anger and self-esteem issues that are aggravating the situation will need to be sorted out. Also, a few sessions with both of you together will help you understand what exactly is going on in his mind and then you two can start working as a unit.
Be patient and use this time away wisely; ultimately you will have to take a call on when to do and what to do based on how things move around...

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  |891 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 08, 2022

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Relationship
Hi Anu, I am 36 year old woman. I am married for 9 years with two kids. My marriage was never a happy one. We had lots of arguments and fights even before marriage. I broke my engagement but later he convinced me that he will always keep me happy but it turned out to be an abusive marriage. He started beating me every now and then after my son was born. I also filed police complaint thrice. After which he improved a lot may be because of fear and shame. Meanwhile I also cracked government exam and got a very good job. Things were okay but after my daughter's birth last year his behaviour changed. He is not interested in physical relationship any more. He says that after our daughter's birth he's started to respect women. I tried to talk to him many times but all in vain. I don't know what to do now. I don't want to leave him for the sake of children.Now I want to live my life happily with my children and let him do whatever he wants. I don't know if I am right or wrong.He takes money from me whenever required but never spends money on my personal needs. Sometimes I feel he is with me only for money and doesn't love me. I am confused. Help.PS: He is taking good care of children and household.
Ans:

Dear SS,

It is hard to walk out of an abusive relationship and when children are involved, you want to stretch it on longer.

But have you considered how this has already affected their minds?

Children from violent and abusive backgrounds do not grow up steady and face a lot of challenges later in life.

Now, coming back to you…Hasn’t it hurt your ego and pulled down your self-esteem? I am sure it already has hurt you beyond and more.

Usually, I never ever tell people what to do, but make my suggestions and share perspectives so that the mind has clarity to decide what’s best for them in their context.

But here, I am telling you this and listen hard…Physical abuse is a NO NO.

If what you say that his behaviour has changed, then I believe that he isn’t physically abusive anymore.

I do understand you are giving him the long rope for the sake of the children, but when the parents are unhappy, what environment will the children grow in?

Ask your family to step in as you are going to need their care and support hereon.

Take one day at a time and evaluate on a daily basis what his presence in your life is doing to you.

Is it draining you and keeping you on the edge or is it getting better with him improving?

This will clearly indicate what you need to be doing as the next step.

Just remember to value yourself every moment and make yourself your own priority first.

All the best!

..Read more

Anu

Anu Krishna  |891 Answers  |Ask -

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

Asked by Anonymous - Nov 02, 2023Hindi
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Relationship
Dear Anu I have been married for 18 years with 2 teenage daughters. My husband has temper issues and I feel he is a perfectionist. He feels that whatever he says or feels is the only correct way to do it. I have a full time job though he earns much more than me. He travels a lot so I am the one running household, kids’ responsibilities, my own job and taking care of a bedridden father in law but nothing seems to matter. Sometimes I feel no matter how much I do it is never enough. I am wearing out, I have become irritated and cynical because of my marital relationship. I thought his anger will subside and he will mellow down with age but it seems to worsen. Something just keep my mouth shut so that he doesn’t pick up one more thing to put me down. I just don’t want to separate because I have 2 wonderful kids for whom we are one happy family. Please advise.
Ans: Dear Anonymous,
It's easy to get angry, throw the weight around and then make people around believe that 'This is who I am!'...
No! It's another way that adults behave having a temper tantrum and it's not okay...
Obviously, it will cause a huge strain in a relationship. In fact, if you and your husband had a better level of compatibility and understanding, the same situation at home with all the responsibilities that you are handling would not be weighing you down.
Emotional support can absolutely be a game changer for a couple who have young children and aged parents to care for and to be on the same page as a couple can help...
These anger issues have a source to them and hence need to be addressed...Else you will be stuck with the daily chores feeling the anguish and then the blame game will slowly begin...
Address this with a lot of patience (like you already have...) Communication between the two of you can take shape in the form of:
- Listening more than talking
- Expressing more than complaining

These small tweaks will first ensure smooth engagement between the two of you...and also, you should know...his anger can just be a form of him asking for attention but he does not know how to ask for it. So, it has to change from anger into expressing...
Does all this change take time? YES and constant and patient work...Marriage is work! And the benefits of bringing back a happy family is always seen in the children first...it's priceless...

All the best!

..Read more

Anu

Anu Krishna  |891 Answers  |Ask -

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

Asked by Anonymous - Apr 17, 2024Hindi
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Relationship
Hi, I’m a 29 year old working woman. My husband who is 36, left his job 2 years ago just after my child was born. Since then he did not put much efforts to get another job and I’m only taking care of all the financial responsibilities. Whenever I ask him about job, he learns some courses online and then stops learning after few days giving some excuses. This has happened several times. He spends too much of my income even on small things saying he wants best quality products only. Almost everyday he asks me to buy some products or outside food and gets angry if I reject. Myself or my in-laws are not able to force him to get a job because he has anger issues and becomes verbally abusive very quickly. Even my parents are scared of his anger so not able to talk to him regarding his job. I feel very frustrated everyday since me or my family is not able to do anything about this, how do I deal with him?
Ans: Dear Anonymous,
It's great as a partner to support home and your spouse when there's a need. BUT now, you seem to have a lazy man oops boy to take care of now. Kindly stop doling out money for his pleasures. Let him earn and do his bit for the family. He's just getting used to putting his legs up and taking a very long break which he doesn't intend to come out of. It's a great habit and he's enjoying the convenience of it all.
He also needs a push out of this laziness the root cause of which can be identified by an expert; so kindly seek help so that you are not looking after another baby other than yours. Act soon...

All the best!

..Read more

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Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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Money
I am 47 yrs. The present valuation of my MF investment is 53 lakhs and I put in 50k monthly in SIPs. What will be the corpus at my retirement? Apart from this I have a loan free house in Gurgaon. I live in my owned house for which I am paying an EMI of 93k and an outstanding loan of 89lakhs pending against it. I have two term insurance of 99lkhs and 1.5cr. My PPF corpus is 20lakhs and will be maturing in2026. EPF corpus is 3 lakhs with 7000 monthly contribution. I have a son who's will be graduating from school next year.Is my investment plan on track?
Ans: ChatGPT
Evaluating Your Investment Plan and Retirement Corpus
Genuine Compliments and Understanding
You have done a commendable job in planning your finances. Your disciplined approach to SIP investments and maintaining term insurance shows financial prudence.

Current Financial Situation
Mutual Fund Investments
Present Value: Rs. 53 lakhs
SIP: Rs. 50,000 monthly
Real Estate
Loan-free house in Gurgaon
Own house with an EMI of Rs. 93,000
Outstanding loan: Rs. 89 lakhs
Insurance and Provident Funds
Term Insurance: Rs. 99 lakhs and Rs. 1.5 crores
PPF Corpus: Rs. 20 lakhs (maturing in 2026)
EPF Corpus: Rs. 3 lakhs with a monthly contribution of Rs. 7,000
Future Financial Goals
Son’s Education
Your son will be graduating from school next year. Planning for higher education expenses is crucial.

Retirement Planning
You are 47 years old and need to estimate the retirement corpus based on your current investments and contributions.

Estimating Retirement Corpus
Mutual Fund Corpus at Retirement
Assuming an average annual return of 12% on your mutual fund investments:

Current Value: Rs. 53 lakhs
Monthly SIP: Rs. 50,000
Investment Period: 13 years (till age 60)
Using the compound interest formula and considering SIP contributions, the estimated corpus at retirement can be calculated.

PPF Maturity
Your PPF corpus of Rs. 20 lakhs will mature in 2026. Assuming no further contributions, it will be available for reinvestment or expenses.

EPF Corpus
Your EPF contributions and corpus will continue to grow. Assuming an average annual return of 8%, it will add to your retirement corpus.

Managing Existing Loans
Home Loan EMI
You have an outstanding loan of Rs. 89 lakhs with an EMI of Rs. 93,000. Reducing this liability should be a priority to enhance your cash flow.

Prepayment Strategy
Consider prepaying your home loan with any surplus funds or bonuses. This will reduce the interest burden and EMI amount.

Insurance Adequacy
Term Insurance
You have adequate term insurance coverage. Ensure the coverage amount remains sufficient to meet your family’s needs in your absence.

Health Insurance
Review your health insurance coverage. Ensure it is adequate to cover medical emergencies and rising healthcare costs.

Investment Strategy Review
Diversification
Ensure your investments are diversified across different asset classes to manage risk effectively.

Mutual Fund Portfolio
Review your mutual fund portfolio periodically. Consult a Certified Financial Planner to ensure your funds align with your risk profile and financial goals.

Planning for Son’s Education
Education Fund
Start a dedicated education fund for your son. Consider investing in balanced or hybrid funds to manage risk while aiming for growth.

SIP for Education
Continue SIPs specifically earmarked for your son’s higher education. This will help in accumulating the required corpus systematically.

Tax Planning
Efficient Tax Strategies
Utilize tax-saving investment options to maximize returns. Proper tax planning can significantly enhance your overall portfolio performance.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner for personalized advice. They can help you navigate complex financial decisions and achieve your long-term goals.

Conclusion
Your investment plan is on the right track. Continue with disciplined investing, manage your loans, and consult a professional for tailored advice. With strategic planning, you can achieve a comfortable retirement and secure your family’s future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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Money
I recently inherited 30 crores. I want to know the best and safest places to invest that in the next 30 years the value can increase the value 10 fold. Assuming inflation stands at 6 to 7 percent. What is the way to diversify and get atleast a return of 12 to 15 percent ?. FYI i was looking at government bonds there is no doubt they are safe especially the tax free ones but they don't really beat inflation
Ans: Congratulations on your inheritance of 30 crores. It's wise of you to seek ways to invest it prudently for long-term growth. Your understanding of the impact of inflation on investment returns shows a commendable grasp of financial principles.

Assessing Investment Goals and Risk Tolerance
Long-Term Growth
You aim to grow your inheritance tenfold in 30 years. This requires an annual return of 12-15%, which is ambitious but achievable with a strategic approach.

Risk Tolerance
Balancing risk and return is crucial. You need to diversify your investments to achieve high returns while managing risk effectively.

Investment Options and Strategies
Equity Investments
Actively Managed Equity Funds
Actively managed funds can outperform the market with skilled management. Consider large-cap, mid-cap, and small-cap funds for diversified exposure.

Sectoral and Thematic Funds
These funds focus on specific sectors like technology, healthcare, or renewable energy. They offer high growth potential but come with higher risk.

Mutual Funds
Diversified Equity Funds
These funds invest in a mix of large-cap, mid-cap, and small-cap stocks. They balance risk and return effectively.

Balanced or Hybrid Funds
These funds invest in a mix of equity and debt. They provide growth with reduced volatility.

Direct Equity Investments
Investing directly in stocks can yield high returns. However, it requires thorough research and regular monitoring.

Fixed Income Investments
Government Bonds
Tax-free bonds are safe but typically offer lower returns. They can be part of your portfolio for stability and regular income.

Corporate Bonds
High-rated corporate bonds offer better returns than government bonds. Ensure the companies have a good credit rating to manage risk.

Alternative Investments
Gold
Gold acts as a hedge against inflation and currency risk. It can be part of your diversified portfolio but should not be the main focus.

Mutual Fund SIPs
Systematic Investment Plans (SIPs) in mutual funds can provide disciplined and regular investments. They benefit from rupee cost averaging and compound over time.

Real Estate Investment Trusts (REITs)
REITs provide exposure to real estate without the risks and hassles of owning physical property. They offer rental income and capital appreciation.

Diversifying Your Portfolio
Asset Allocation
Allocate your investments across equity, debt, and alternative assets. This helps in managing risk while aiming for high returns.

Sample Allocation
Equity (60%): Actively managed funds, direct stocks
Debt (30%): Government and corporate bonds, fixed deposits
Alternatives (10%): Gold, REITs
Regular Review and Rebalancing
Review your portfolio regularly to ensure it aligns with your goals. Rebalance to maintain the desired asset allocation.

Professional Guidance
Certified Financial Planner (CFP)
Engage a Certified Financial Planner to tailor an investment strategy based on your risk profile and financial goals.

Tax Planning
Efficient Tax Strategies
Utilize tax-saving investment options. Tax planning can significantly enhance your returns over time.

Avoiding Common Pitfalls
Emotional Decisions
Avoid making investment decisions based on market emotions. Stick to your long-term plan.

Over-diversification
While diversification is key, over-diversification can dilute returns. Maintain a balanced portfolio.

Conclusion
Achieving a tenfold increase in your inheritance over 30 years requires a strategic and diversified approach. Balance risk and return through a mix of equity, debt, and alternative investments. Regularly review your portfolio and seek professional advice for optimal results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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Money
I am 28 years old ,and i have an outstanding personal loan of 13.5 lacs, iam earning 10.3 lacs a year, I have invested in various mfs and my current value of assets are around 18.5 lacs, iam getting good returns on my investments (average rate of 15%), my question is should I close my loan or continue paying emi of 30k per month? .I have been advised to let my investments grow and keep paying the emis, i might get married within 2 years and was thinking of becoming loan free before getting married.
Ans: It’s great to see that you have managed your investments well and are earning a good return. Your discipline in maintaining a diversified portfolio and consistently paying off your loan is commendable.

Assessing Your Financial Situation
Current Income and Loan Status
You earn Rs. 10.3 lakhs annually and have an outstanding personal loan of Rs. 13.5 lakhs. Your EMI is Rs. 30,000 per month. Your current investments total Rs. 18.5 lakhs with an average return of 15%.

Upcoming Life Events
You are considering getting married within the next two years. Being debt-free before marriage can provide financial stability and peace of mind.

Analyzing Loan Repayment vs. Investment Growth
Investment Returns vs. Loan Interest Rate
Your investments are yielding an average return of 15%. Compare this with the interest rate on your personal loan. If your loan interest rate is lower than your investment returns, it might be beneficial to let your investments grow.

Opportunity Cost
Continuing to invest instead of paying off the loan means your money can potentially grow more. Calculate the opportunity cost of prepaying the loan versus continuing with your investments.

Pros and Cons of Paying Off the Loan
Benefits of Closing the Loan
Debt-Free Status: Being loan-free before marriage provides financial security.
Reduced Monthly Outflow: Eliminating the Rs. 30,000 EMI can free up funds for other uses.
Drawbacks of Closing the Loan
Reduced Investment Growth: Using your investments to pay off the loan may limit your potential investment growth.
Opportunity Cost: You might miss out on higher returns from your current investments.
Pros and Cons of Continuing Loan Repayments
Benefits of Continuing EMIs
Investment Growth: Your investments continue to grow at a higher rate.
Financial Flexibility: Maintaining liquidity can help with future expenses or emergencies.
Drawbacks of Continuing EMIs
Interest Payment: Continued EMIs mean ongoing interest payments, increasing the total cost of the loan.
Financial Burden: The EMI of Rs. 30,000 per month is a significant outflow.
Making an Informed Decision
Evaluate the Interest Rate
Compare your loan’s interest rate with the returns on your investments. If your investment returns significantly exceed the loan interest rate, it might be better to continue investing.

Consider Your Financial Goals
If becoming debt-free before marriage is a priority, paying off the loan might provide peace of mind. Consider the emotional and financial benefits of being debt-free.

Impact on Liquidity
Ensure that paying off the loan doesn’t compromise your liquidity. Maintain an emergency fund to cover unexpected expenses.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to get personalized advice. They can help you weigh the pros and cons based on your specific financial situation.

Conclusion
Balancing your loan repayment with your investment growth requires careful consideration. Compare the interest rates, evaluate your financial goals, and consult a professional if needed. Making an informed decision will help you achieve financial stability and peace of mind.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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Money
I am 20 yrs old and I started investing 10k each month in three funds totally. 1. Quant small cap 2. Parag Parikh flexi cap 3. Canara bluechip fund I would like to know if I am going in a right track with these funds and also how can I create 50 crores when I am 50 yrs old?
Ans: It's impressive to see you investing at the age of 20. Starting early is a key advantage in building wealth over time.

Assessing Your Fund Choices
Diversification
You are investing Rs. 10,000 each month in three funds: a small-cap fund, a flexi-cap fund, and a bluechip fund. This shows good diversification across different market segments.

Quant Small Cap Fund
Small-cap funds can offer high returns but come with higher risk. Investing in small caps at a young age can be beneficial due to your long investment horizon.

Parag Parikh Flexi Cap Fund
Flexi-cap funds provide a balanced approach by investing in companies of various sizes. This flexibility helps in adjusting to market conditions.

Canara Bluechip Fund
Bluechip funds invest in large, established companies. These funds are generally more stable and less volatile, providing a solid foundation to your portfolio.

Creating a Rs. 50 Crore Corpus by Age 50
Setting Realistic Expectations
Creating a corpus of Rs. 50 crores in 30 years is an ambitious goal. It requires a disciplined approach and strategic planning.

Power of Compounding
Starting early allows your investments to benefit from compounding. This means your returns generate more returns over time.

Regular Investments
Continue investing regularly through SIPs (Systematic Investment Plans). This helps in rupee cost averaging and reduces the impact of market volatility.

Increasing Your Investment Amount
Gradual Increase
As your income grows, consider increasing your monthly investment amount. Even small increases can significantly impact your final corpus due to compounding.

Bonus and Windfalls
Invest any bonuses or windfalls you receive. These additional amounts can accelerate your wealth-building process.

Asset Allocation and Risk Management
Periodic Review
Regularly review your portfolio to ensure it aligns with your goals. Rebalance if necessary to maintain your desired asset allocation.

Risk Tolerance
Adjust your portfolio based on your changing risk tolerance over time. As you age, you might want to reduce exposure to high-risk investments.

Professional Guidance
Certified Financial Planner (CFP)
Consider consulting a Certified Financial Planner. They can provide personalized advice and help you stay on track to achieve your financial goals.

Tax Planning
Efficient Tax Strategies
Utilize tax-saving investment options to maximize your returns. Tax-efficient investing can significantly enhance your overall portfolio performance.

Avoiding Common Pitfalls
Emotional Decisions
Avoid making investment decisions based on market emotions. Stick to your investment plan and stay disciplined.

Over-diversification
While diversification is important, over-diversification can dilute your returns. Balance is key.

Conclusion
You are on the right track with your current investments. Continue to invest regularly, review your portfolio periodically, and seek professional advice. With discipline and strategic planning, achieving a Rs. 50 crore corpus by age 50 is possible.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

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Money
I want to take a car loan of 9 lacs from Union Bank of India for 5 years. My cibil is 800 and Union bank is offering 8.70% rate of interest. After everything processed they released sanction letter, it is observed they have given 9% rate of interest and plan for 7 years. And now they want to settle it by paying extra 0.30% rate of interest on my loan account to fix this. And they will reduce years by 5 years using ECS(I don't know exact term). Should I go with their solution? Will it be wise decision?
Ans: Evaluating the Car Loan Offer from Union Bank of India
Understanding the Situation
You are considering a car loan of Rs. 9 lakhs from Union Bank of India for 5 years. With a CIBIL score of 800, you were initially offered a rate of interest of 8.70%. However, the sanction letter shows a rate of 9% and a tenure of 7 years. The bank proposes to fix this by reducing the tenure to 5 years and compensating with an extra 0.30% interest. Let’s evaluate whether accepting this offer is wise.

Genuine Compliments and Understanding
You have a commendable CIBIL score of 800, reflecting responsible credit management. This score should ideally provide you leverage in negotiating better loan terms.

Assessing the Interest Rate
Initial Offer vs. Sanctioned Rate
The initial offer was an 8.70% interest rate for a 5-year term. The sanctioned letter reflects a 9% rate over 7 years. This discrepancy is concerning and warrants a closer examination.

Proposed Solution: Additional 0.30% Interest
The bank proposes to adjust the term to 5 years and apply an extra 0.30% interest rate. This brings the total interest rate to 9.30%. This needs careful consideration.

Evaluating the Loan Tenure
Shorter Tenure Benefits
A 5-year tenure is preferable as it reduces the total interest outgo. Paying off the loan faster can save you a significant amount in interest.

Impact of a 7-Year Tenure
A 7-year tenure, though reducing the EMI burden, increases the total interest paid over the loan period. This is not ideal for long-term financial health.

Impact of Extra 0.30% Interest
Cost Implications
The proposed additional 0.30% interest rate increases the total cost of the loan. This needs to be evaluated against potential alternatives.

Negotiation Leverage
With your strong CIBIL score, you have leverage. Consider negotiating for the originally promised 8.70% interest rate without any additional percentage.

Practical Steps Forward
Communication with the Bank
Communicate clearly with the bank. Highlight the initial offer and your CIBIL score. Request adherence to the original terms.

Alternative Lenders
Explore other banks or financial institutions. They may offer better terms given your strong credit profile.

Importance of Clarity and Documentation
Document Review
Thoroughly review all loan documents before signing. Ensure that the terms reflect what was agreed upon.

Seek Professional Advice
Consider consulting a Certified Financial Planner. They can provide personalized guidance based on your financial situation.

Managing Loan Repayment
Efficient EMI Payments
Ensure your EMI payments are manageable within your monthly budget. Avoid any strain on your finances.

Prepayment Options
Check for prepayment options without penalties. This can help in reducing the overall interest burden.

Balancing Immediate Needs and Long-term Goals
Immediate Financial Stability
Ensure that the loan repayment does not compromise your immediate financial needs. Maintain an emergency fund.

Long-term Financial Goals
Keep your long-term financial goals in sight. Ensure that taking this loan does not derail other important financial plans.

Conclusion
Given the discrepancy between the initial offer and the sanctioned terms, it is wise to reconsider the proposed solution. Communicate with the bank to seek better terms or explore alternative lenders. Ensure that any loan taken aligns with both your immediate financial stability and long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

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I have 2 crores to invest where to invest so that I can withdraw lumpsum of 1.5 lac every month from after 5 years of investment
Ans: Strategic Investment Planning for Monthly Income
Understanding Your Financial Goal
You have a significant corpus of 2 crores and aim to withdraw 1.5 lakhs per month after 5 years. Let's analyze your investment options to achieve this goal.


Your disciplined approach towards financial planning and investment is commendable. Your goal clarity is essential for effective investment decisions.

Assessing Investment Options
Equity Investments
Equities offer growth potential but involve market volatility. While suitable for long-term wealth creation, they may not be ideal for regular income needs.

Debt Investments
Debt instruments like bonds, fixed deposits, and debt mutual funds provide stability and regular income. However, their returns may not keep pace with inflation.

Hybrid Investments
Hybrid funds combine equity and debt components, balancing growth and stability. They can generate consistent returns while managing risk effectively.

Constructing a Portfolio
Diversification
Diversify your investment portfolio across asset classes to mitigate risk. Allocate a portion to equity for growth and the remainder to debt for stability.

Asset Allocation
Maintain an appropriate asset allocation based on your risk tolerance and investment horizon. Regularly rebalance your portfolio to ensure alignment with your goals.

Investment Strategy
Systematic Withdrawal Plan (SWP)
Consider setting up a Systematic Withdrawal Plan (SWP) to withdraw 1.5 lakhs per month from your investment corpus. SWP provides regular income while preserving capital.

Withdrawal Rate
Ensure that your withdrawal rate is sustainable over the long term. Aim for a conservative withdrawal rate to safeguard against market fluctuations and inflation.

Regular Review and Monitoring
Periodic Review
Regularly review your investment portfolio to assess performance and make necessary adjustments. Stay informed about market developments and economic trends.

Professional Guidance
Engage a Certified Financial Planner (CFP) for personalized advice and guidance. A CFP can help optimize your investment strategy and navigate market uncertainties.

Managing Risk
Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of expenses. This ensures liquidity and financial stability during unforeseen events.

Insurance Coverage
Ensure adequate insurance coverage for life, health, and assets. Insurance provides financial protection against unforeseen risks and liabilities.

Conclusion
To achieve your goal of withdrawing 1.5 lakhs per month after 5 years, adopt a balanced investment approach. Diversify your portfolio, consider hybrid investments, and implement a systematic withdrawal plan. Regular review and professional guidance are key to successful wealth management.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 22, 2024Hindi
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Money
I am a 31 year old working woman , my monthly income excluding taxes is 1.10 lakhs, i have a 1 year old kid. I am saving 30 k in mutual funds and around 5000 in nps and 5000 in ppf and 10000 in vpf .i also have a joint home loan of 50lakhs with husband. I want to retire in next 4 years. How can i generate a montly incomr of atleast 60k .
Ans: Financial Planning Guidance for the Next 20 Years
Current Financial Situation and Goals
At 50 years old and currently unemployed, you are at a pivotal point in your financial journey. Your wife, a lecturer, earns Rs. 60,000 per month. You have a daughter who aspires to study engineering and pursue postgraduate studies abroad. Your assets include Rs. 50 lakhs in fixed deposits, Rs. 5 lakhs in the share market, and a home worth Rs. 50 lakhs. You also have a home loan of Rs. 20 lakhs with an EMI of Rs. 20,000 for the next eight years. Additionally, you have term insurance of Rs. 1 crore and health insurance coverage of Rs. 10 lakhs.

Your proactive approach to securing term and health insurance, and investing in diverse assets, is commendable. This foundation will be crucial as you navigate your financial future.

Assessing Employment vs. Business
Job Stability
Opting for a job can provide a stable income stream. This stability is essential for meeting ongoing expenses, including the home loan EMI and your daughter's education.

Starting a Business
Starting a business involves risks but can offer higher returns. Evaluate your risk tolerance, potential business opportunities, and market conditions before making a decision.

Insurance Coverage
Term Insurance
Your term insurance of Rs. 1 crore is adequate for now. Ensure that this coverage remains sufficient as your financial situation changes.

Health Insurance
A health insurance cover of Rs. 10 lakhs is good. Consider increasing this coverage due to rising healthcare costs and your age.

Managing Existing Investments
Fixed Deposits
Fixed deposits provide safety but offer lower returns. Consider diversifying some of your FD investments into higher-yielding options.

Share Market Investments
With Rs. 5 lakhs in the share market, review the performance of these investments. Regular monitoring and rebalancing can enhance returns.

Home Loan Management
Reducing EMI Burden
Your home loan EMI is Rs. 20,000 for the next eight years. Consider making lump-sum payments towards the principal to reduce the EMI burden and interest outgo.

Balance Transfer
Explore the option of a home loan balance transfer to a lender offering a lower interest rate. This can reduce your EMI and overall interest burden.

Daughter’s Education Planning
Engineering and PG Abroad
Education costs, especially abroad, can be substantial. Start a dedicated education fund for your daughter. Invest in diversified mutual funds to accumulate the required corpus.

Asset Management
Flat, Gold, and Plot
Your assets amount to Rs. 50 lakhs. Ensure they are effectively utilized or can be liquidated when needed for significant expenses like education or emergencies.

Investment Strategy
Diversification
Diversify your investments across asset classes to manage risk and optimize returns. Consider a mix of equity, debt, and hybrid funds.

Regular Investments
Continue regular investments through SIPs. This will help in rupee cost averaging and building a substantial corpus over time.

Evaluating Direct vs. Regular Funds
Disadvantages of Direct Funds
Direct funds save on commissions but lack personalized guidance. Professional advice from a Certified Financial Planner (CFP) can provide strategic insights and help in making informed decisions.

Benefits of Regular Funds
Investing through regular funds ensures you receive expert advice. This optimizes your portfolio for better returns and risk management.

Retirement Planning
Building a Retirement Corpus
Plan to build a substantial retirement corpus. Regularly invest in a mix of equity and debt funds, considering your risk tolerance and time horizon.

Systematic Withdrawal Plan
Consider a Systematic Withdrawal Plan (SWP) post-retirement. This will provide a steady income stream while keeping your investments growing.

Emergency Fund
Importance of Liquidity
Maintain an emergency fund equivalent to 6-12 months of expenses. This provides liquidity and financial stability during unforeseen events.

Professional Guidance
Certified Financial Planner (CFP)
Engage a Certified Financial Planner for personalized financial advice. They can help you navigate complex financial decisions and achieve your long-term goals.

Conclusion
Balancing immediate financial needs with long-term goals is crucial. Diversify investments, reduce debt, and plan for significant expenses like education. Regularly review and adjust your financial plan to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 22, 2024Hindi
Listen
Money
Hello Dev, I require a financial planning guidance for next 20 years. At present - my age is 50 yrs & is unemployed.( Looking to start business but have doubt or opt for job ) Having term insurance of 1cr.health insurance of 10L. 50L in fd. Share market investment of 5l. Home Loan of 20l with emi 20k, for next 8 yrs. Wife ( 48age) is lecture earning 60k/month Daughter studing in 11 aspirant for engineering + PG at abroad. Having other asset of flat+ gold + plot will amount 50l. Thanking you- NN
Ans: Financial Planning Guidance for the Next 20 Years
Current Financial Situation and Goals
You are 50 years old, unemployed, and considering starting a business or opting for a job. Your wife is a lecturer earning Rs. 60,000 per month. You have a daughter aspiring for engineering and postgraduate studies abroad. You have Rs. 50 lakhs in fixed deposits, Rs. 5 lakhs in the share market, and a home loan of Rs. 20 lakhs with an EMI of Rs. 20,000 for the next eight years. You also have assets in the form of a flat, gold, and plot worth Rs. 50 lakhs.

Your detailed understanding of your current financial situation is commendable. You have taken significant steps by securing term and health insurance and investing in diverse assets.

Assessing Employment vs. Business
Job Stability
Opting for a job can provide a stable income stream, essential for meeting ongoing expenses, especially with a home loan EMI and your daughter's education.

Starting a Business
Starting a business involves risk but can offer higher returns. Evaluate your risk tolerance, potential business opportunities, and market conditions before deciding.

Insurance Coverage
Term Insurance
You have a term insurance of Rs. 1 crore, which is adequate. Ensure that the coverage remains sufficient as your financial situation changes.

Health Insurance
A health insurance cover of Rs. 10 lakhs is good. Consider increasing this coverage, given rising healthcare costs and your age.

Managing Existing Investments
Fixed Deposits
Fixed deposits provide safety but offer lower returns. Consider diversifying some of your FD investments into higher-yielding options.

Share Market Investments
With Rs. 5 lakhs in the share market, review the performance of these investments. Regular monitoring and rebalancing can enhance returns.

Home Loan Management
Reducing EMI Burden
Your home loan EMI is Rs. 20,000 for the next eight years. Consider making lump-sum payments towards the principal to reduce the EMI burden and interest outgo.

Balance Transfer
Explore the option of a home loan balance transfer to a lender offering a lower interest rate. This can reduce your EMI and overall interest burden.

Daughter’s Education Planning
Engineering and PG Abroad
Education costs, especially abroad, can be substantial. Start a dedicated education fund for your daughter, investing in diversified mutual funds to accumulate the required corpus.

Asset Management
Flat, Gold, and Plot
Your assets amount to Rs. 50 lakhs. Ensure they are effectively utilized or can be liquidated when needed for significant expenses like education or emergencies.

Investment Strategy
Diversification
Diversify your investments across asset classes to manage risk and optimize returns. Consider a mix of equity, debt, and hybrid funds.

Regular Investments
Continue regular investments through SIPs. This will help in rupee cost averaging and building a substantial corpus over time.

Evaluating Direct vs. Regular Funds
Disadvantages of Direct Funds
Direct funds save on commissions but lack personalized guidance. Professional advice from a Certified Financial Planner (CFP) can provide strategic insights and help in making informed decisions.

Benefits of Regular Funds
Investing through regular funds ensures you receive expert advice, optimizing your portfolio for better returns and risk management.

Retirement Planning
Building a Retirement Corpus
Plan to build a substantial retirement corpus. Regularly invest in a mix of equity and debt funds, considering your risk tolerance and time horizon.

Systematic Withdrawal Plan
Consider a Systematic Withdrawal Plan (SWP) post-retirement. This will provide a steady income stream while keeping your investments growing.

Emergency Fund
Importance of Liquidity
Maintain an emergency fund equivalent to 6-12 months of expenses. This provides liquidity and financial stability during unforeseen events.

Professional Guidance
Certified Financial Planner (CFP)
Engage a Certified Financial Planner for personalized financial advice. They can help you navigate complex financial decisions and achieve your long-term goals.

Conclusion
Balancing immediate financial needs with long-term goals is crucial. Diversify investments, reduce debt, and plan for significant expenses like education. Regularly review and adjust your financial plan to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 22, 2024Hindi
Money
Sir I am 39 year's old. Don't have much savings. Investing in share market and have accumulated a sum of 1.25 lakhs from it till now. Also have a Sip of Rs 2000 per month. Wanted to increase my SIP to 5000. Suggest few direct schemes which provides better rates of interest.
Ans: Enhancing Your SIP Investments: A Strategic Approach
Current Financial Position and Goals
You are 39 years old with Rs 1.25 lakhs in the share market and a SIP of Rs 2,000 per month. You plan to increase your SIP to Rs 5,000 per month. This shows your dedication to building a strong financial future.

Your commitment to increasing your SIP contributions is commendable. It shows a proactive approach to securing your financial goals.

Importance of Systematic Investment Plans (SIPs)
Consistent Investing
SIPs allow you to invest a fixed amount regularly, which helps in averaging out the cost of your investments over time. This reduces the impact of market volatility.

Discipline and Convenience
SIPs promote disciplined investing and are convenient as they automate your investment process, ensuring you consistently contribute towards your financial goals.

Direct Funds vs. Regular Funds
Disadvantages of Direct Funds
Direct funds save on commission fees but lack personalized guidance. Investing through a Mutual Fund Distributor (MFD) with Certified Financial Planner (CFP) credentials ensures expert advice and strategic insights.

Benefits of Regular Funds
Regular funds offer the expertise of professional advisors who help make informed decisions, optimize your portfolio, and achieve your long-term investment goals.

Choosing the Right SIP Schemes
Diversification
It's essential to diversify your investments across different types of mutual funds to manage risk and optimize returns. Consider large-cap, mid-cap, and small-cap funds.

Fund Performance
Regularly review the performance of mutual funds. Choose funds with a consistent track record of outperforming their benchmarks.

Actively Managed Funds vs. Index Funds
Disadvantages of Index Funds
Index funds lack flexibility to adapt to market changes, potentially leading to lower returns compared to actively managed funds.

Benefits of Actively Managed Funds
Actively managed funds are overseen by professional fund managers who adjust the portfolio based on market conditions, aiming for higher returns and better risk management.

Suggested SIP Schemes
Large-Cap Funds
Large-cap funds invest in well-established companies with a strong market presence. They are relatively stable and provide steady returns.

Mid-Cap Funds
Mid-cap funds invest in medium-sized companies with potential for higher growth. They are riskier than large-cap funds but can offer better returns.

Small-Cap Funds
Small-cap funds invest in smaller companies with high growth potential. They are the riskiest but can provide significant returns over the long term.

Monitoring and Managing Your Investments
Regular Review
Regularly review the performance of your SIPs. Compare their returns with benchmark indices and peer funds. Consistent underperformance might indicate the need for a change.

Professional Guidance
Seek advice from a Certified Financial Planner (CFP). They can help you evaluate fund performance, recommend adjustments, and ensure your investments align with your goals.

Strategic Portfolio Management
Asset Allocation
Maintain a balanced asset allocation across large-cap, mid-cap, and small-cap funds. This diversification helps manage risk and optimize returns.

Regular Rebalancing
Periodically rebalance your portfolio to maintain your desired asset allocation. This involves selling overperforming assets and buying underperforming ones, ensuring your portfolio stays aligned with your goals.

Planning for Future Financial Goals
Retirement Planning
Investing in a mix of large-cap, mid-cap, and small-cap funds can help build a substantial corpus for retirement. Regular contributions and long-term growth ensure financial security in retirement years.

Child’s Education
Long-term investments are ideal for funding your child's education. Starting early and staying invested can generate necessary funds to cover higher education expenses, even for overseas studies.

Managing Market Uncertainties
Staying Invested
Market fluctuations are inevitable. Staying invested through market cycles can yield better long-term returns. Avoid making impulsive decisions based on short-term market movements.

Systematic Investment Plan (SIP)
Continue investing through SIPs. SIPs allow you to invest a fixed amount regularly, averaging out the cost of investments and reducing the impact of market volatility.

Building a Contingency Fund
Importance of Liquidity
Ensure you have an adequate contingency fund. This fund provides liquidity for emergencies, reducing the need to withdraw from your long-term investments.

Conclusion
Maintaining a long-term SIP portfolio is a sound strategy for achieving financial goals. Regular monitoring, professional guidance, and a balanced approach can help you optimize returns and manage risks. Your commitment to securing your financial future is commendable, and with the right strategy, you can achieve your retirement and other long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2910 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Money
Hello. I need your financial advise here. Can we maintain a Mutual Fund for long-term? Suppose if I have these funds: Nippon India Large Cap fund (large cap), PGIM India Mid Cap fund, Quant Small cap fund. Can I decide to maintain this for long-term (10-15 years)? Or should we regularly monitor these funds and opt for other funds where we get better returns than these. I am looking for a long-term investment let it be retirement plan or kid's education. All I am looking for is long-term. Could you pls suggest what to do in this scenario? How can I manage this?
Ans: Long-Term Investment in Mutual Funds: A Strategic Approach
Understanding Your Current Investments
You have chosen three mutual funds for your long-term investment goals:

Nippon India Large Cap Fund (large cap)
PGIM India Mid Cap Fund
Quant Small Cap Fund
These funds cover large, mid, and small-cap categories, providing a diversified portfolio.

Your dedication to long-term investment planning is commendable. Balancing large, mid, and small-cap funds shows a strategic approach to diversification.

Benefits of Long-Term Mutual Fund Investment
Compounding Effect
Investing in mutual funds for the long-term allows you to benefit from the power of compounding. Over time, the returns on your investments can generate their own returns, significantly growing your wealth.

Reduced Market Volatility
Long-term investments help mitigate the impact of short-term market volatility. Staying invested through market ups and downs can lead to more stable and substantial growth.

Monitoring and Managing Your Investments
Importance of Regular Monitoring
While long-term investments are beneficial, regular monitoring is essential. Market conditions and fund performance can change, requiring adjustments to your portfolio.

Evaluating Fund Performance
Regularly review the performance of your mutual funds. Compare their returns with benchmark indices and peer funds. Consistent underperformance might indicate the need for a change.

Role of a Certified Financial Planner
A Certified Financial Planner (CFP) can provide professional guidance. They can help you evaluate fund performance, recommend adjustments, and ensure your investments align with your goals.

Actively Managed Funds vs. Index Funds
Disadvantages of Index Funds
Index funds track a specific market index and aim to replicate its performance. They lack the flexibility to adapt to market changes, potentially leading to lower returns compared to actively managed funds.

Benefits of Actively Managed Funds
Actively managed funds, like those you have chosen, are overseen by professional fund managers. They can adjust the portfolio based on market conditions, aiming for higher returns and better risk management.

Direct Funds vs. Regular Funds
Disadvantages of Direct Funds
Direct funds save on commission fees but lack the personalized guidance of a professional. Investing through a Mutual Fund Distributor (MFD) with CFP credentials ensures you receive expert advice and strategic insights.

Benefits of Regular Funds
Regular funds offer the expertise of professional advisors who can help you make informed decisions, optimize your portfolio, and achieve your long-term investment goals.

Long-Term Investment Goals
Retirement Planning
Investing in a mix of large, mid, and small-cap funds can help build a substantial corpus for retirement. Regular contributions and long-term growth can ensure financial security in your retirement years.

Kid's Education
Long-term investments are ideal for funding your child's education. Starting early and staying invested can generate the necessary funds to cover higher education expenses, even for overseas studies.

Strategic Portfolio Management
Asset Allocation
Maintain a balanced asset allocation across large, mid, and small-cap funds. This diversification helps manage risk and optimize returns.

Regular Rebalancing
Periodically rebalance your portfolio to maintain your desired asset allocation. This involves selling overperforming assets and buying underperforming ones, ensuring your portfolio stays aligned with your goals.

Managing Market Uncertainties
Staying Invested
Market fluctuations are inevitable. Staying invested through market cycles can yield better long-term returns. Avoid making impulsive decisions based on short-term market movements.

Systematic Investment Plan (SIP)
Continue investing through SIPs. SIPs allow you to invest a fixed amount regularly, averaging out the cost of investments and reducing the impact of market volatility.

Building a Contingency Fund
Importance of Liquidity
Ensure you have an adequate contingency fund. This fund provides liquidity for emergencies, reducing the need to withdraw from your long-term investments.

Planning for Future Financial Goals
Setting Clear Goals
Define your financial goals clearly. Whether it's retirement, your child's education, or other long-term objectives, having specific targets helps create a focused investment strategy.

Professional Guidance
Seek regular advice from a Certified Financial Planner. They can help you set realistic goals, develop a strategic investment plan, and adjust your portfolio as needed.

Conclusion
Maintaining a long-term mutual fund portfolio is a sound strategy for achieving financial goals. Regular monitoring, professional guidance, and a balanced approach can help you optimize returns and manage risks. Your commitment to securing your financial future is commendable, and with the right strategy, you can achieve your retirement and education goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

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

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