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Husband Asks: Wife Wants 25 Lakhs for Mutual Divorce After False Domestic Violence Charges

Anu

Anu Krishna  |1595 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 18, 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 - Jul 17, 2024Hindi
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Relationship

Hi Mam, I got married in 2020. I have tried to find a job for her in Bangalore.Even she told that i can't eat in your salary if I earn i do not need to do what you are asking. I just asked her that we are family why you are thinking like this.4 to 5 times same problem fight happened. Whatever I tell she has taken in negative way.After a year we got separated. Even if I explain things she doesn't understand. I have dropped her in hometown in her home. Explained things to their parents that this what happened. Asked her parents that let me know what is her decision to live with me or not.After 6 months got a call from her. she did not come out with that mentality and wanted divorce. After a month I have accepted for mutual divorce. Her parents also told that mutual divorce. when called for a meeting in common place for mutual divorce they did not reply. They have filed Domestic violence act by putting false allegations in petition. Case is going on for more than 2 year. when one my relative went to talk. she itself asked pay 25 lakh as one time settlement then only they will withdraw the DVC petition and accept mutual divorce. Now.To the head person of my caste group their parents told that she is willing to live with me Despite taking care of her properly..they filed false allegations on me and family members also. i have decided for mutual divorce when she asked. I don't have 25 lakh.I have told them that I can give them only 7 lakhs then we can mutually get divorce. No answer from them. I have decided not live with her anymore. Pls tell your opinion abt this.

Ans: Dear Anonymous,
Your decision must be right as the real reason for her moving away from the marriage is still unknown or you have missed out on sharing the whole picture.
Also, what is the reason for the Domestic Violence petition? Has there been a reason for her to feel that she needed to put a case on you? But if you know that there is no scope for reconciliation, then I am sure you know what is the best thing to do...
(Due to inadequate information from you, I can provide only generic suggestions). But, there's one thing which is: There seems to have been no understanding between you and your wife when she suggested that it's your salary; there is certainly something which made her unable to come close within the marriage and accept is as a mutual partnership rather than just an isolated relationship.

On the legal aspect, kindly follow what your lawyer advises you to do...

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 Krishna  |1595 Answers  |Ask -

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**JAY*JAGANNATH**, Wishing You For **HAPPY*JANMASHTAMI**, I'm based in Mumbai, but lives in Puri, Odisha, because of **LORD*JAGANNATHA**, Since, I'm a Business Analyst,, not yet Started my Practice,, i had a arrange marriage in my own caste with rest was OK, after reading some of Your advises and type of case,, i became enthusiast to know about my personal disturbances in my family. We live Seperate with my Only 18+Son, Studing & Preparing for Entrance Test via Online.., she is in Guwahati,, working under at a Private Retail Management co., ME & MY FAMILY Severally attempted & requested her and her family too, to Come back & Join to my family for living together,, but when failed,, i encourage her OK live there,, as because after failing an attempt of school transfer due to language issue for a subject like Marathi in Upper classes,, Thus, i stopped disturbing her as well as my son's study. During initial level of Separation,, their family (ELDERS) requested me will handover my family (wife & Son),, if i Pay them(wife& Son) their expenses for a Full Year., that was happened when i reached for an attempt to Convince My Wife and their family to adjoin with me & with my family activity, that was Probably in 2010-11 somewhere in between,, i was Hr. Manager in a Cement Co. in Meghalaya. I agreed too & and Provide as per for a Year. But, while passing a year they became Silent.., not hardcovered my family. till as on date,, i am alone..! She & Elder Sister & the brother-in-law Says they won't divorce nor will allow to handover,, i said why..! The Starting of a Quarrel was with a Issue of Changing my Mental Perception,, while they tried to Implement me with Saying a FALSE PLAN,, but, i Caught their Such Attempt,, MY Mrs. later She admitted that, they tried it because of if I get my Changes in me & to take my decision well for my Next career. Since, i born & brought up in Guwahati, i had a Soft corner for North-East always,, which was happened after 15yrs of long Struggle in Mumbai,, i Stand on my own feet with My Own Struggle & a house for my Stability etc. After Marriage of a Assam Lady only it was a Scope again to Reach Assam.. So, i thought, if i can Start Something a great Project with in & around of North-East. But, that became a bad experience for me as on till. I arrived Recently too, to Convince her,, Come & Join me,, Rest all Hurdle i will Handle,, Now, No more My father also expired, a Retired. Rly Officer,, Parents too visited Severally Assam to Convince them but failed,, I always feel i am alone,, what to do with,, I am a family Oriented Person,, love to keep Relation Well with either Side Well. But, not happening. What to Do Now,, Kindly tell Your Opinion on this,, I am Ready to Take Your Nobly too, Recently, I took little advise from a Legal Family Court Councillor at Guwahati, & their one of Next Door Reputed Lady Neighbour(Who Co-ordinated & Represent too for the Local area of their & for their Constituency during Elections & their any function of their Locality,, a well known in their Locality for a Good behaviour too),, I meet & Spoke to her Severally,, She herself Visited too & found My Wife Not behaving Normally & Cool,, a Raugh behaved Lady, She found & She Said, a disrespected Lady means not Gentle,, i Personally Visited Mumbai at her elder Sister's home too,, during yr.2015,, while in entrance,, the brother-in-law resisted me NOT to Enter,, from the door only i came back. Not meet even & had NO Talk,, while after little a distance i covered from their residence,, i found they again recalling me to Come & Visit. But, I found myself very off mooded, & not visited till as on & till date,, because. they only Created the False Nuisances' with their Plan,, which not became A Success.. they Caught. But, they were Proposer of Our both Relation. But, I want a Justice with this,, Since, I am a Simple & Honest,, Very Straight forwarded with Cut to throat Person..in my Nature,, Soft & Spiritual. Since, Many Years Now Connected to Krishna Consciousness too,, that is why for love & affection i am here at PURI. Kindly, Let me Know Your Precious Opinion by which I can Come out with my Loneliness. **HARE*KRISHNA** Thanking you, With Regards, Surajit Bhattacharjee, In Case if You have a Plan to Visit Puri, Odisha,, Kindly, Let me Know Your Date & Place to See **MAHABAHU**JAGANNATHA*,, You may Send by Your family & friends too with Prior Advance & info.
Ans: Dear Surajit,
Thank you for the festive wishes and thank you for the invite to visit Odisha.

Your situations suggests that much time has passed with no action. Long distance relationships are not easy and require immense maturity and agreement and a lot of trust to keep the marriage going.

What is the reason that your wife does not want to come back now? Your son is already 18 years and is old enough to get into a professional college now...What has happened in all these years that she finds it better living with her side of the better than making her own family come together?

Have the two of you had time to have a private conversation without the interference from anyone else?
Make that honest attempt and appeal to her that you would like the family to get back together. But also be prepared if she says NO as that has been her stance all these years... then please move on...it is difficult but will be better for your physical and mental health.

All the best!

..Read more

Kanchan

Kanchan Rai  |583 Answers  |Ask -

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

Relationship
**JAY*JAGANNATH**, Wishing You For **HAPPY*ANANT-CHATURDASHI**, I'm based in Mumbai, but lives in Puri, Odisha, because of **LORD*JAGANNATHA**, Since, I'm a Business Analyst,, not yet Started my Practice,, i had a arrange marriage in my own caste with rest was OK, after reading some of Your advises and type of case,, i became enthusiast to know YOUR UNPARALELED PRECIOUS OPINION about my personal disturbances in my family.,for which We live Separate with my Only 18+Son, Studying & Preparing for his Entrance Test via Online.., she is in Guwahati,, working under at a Private Retail Management co., ME & MY FAMILY Severally attempted & requested her and her family too, to Come back & Join to my family for living together,, but when failed,, i encourage her OK live there,, as because after failing an attempt of school transfer due to language issue for a subject like Marathi in Upper classes,, Thus, i stopped disturbing her as well as my son's study. During initial level of Separation,, their family (ELDERS) requested me will handover my family (wife & Son),, if i Pay them(wife& Son) their expenses for a Full Year., that was happened when i reached for an attempt to Convince My Wife and their family to adjoin with me & with my family activity, that was Probably in 2010-11 somewhere in between,, i was Hr. Manager in a Cement Co. in Meghalaya. I agreed too & and Provide as per for a Year. But, while passing a year they became Silent.., not hardcovered my family. till as on date,, i am alone..! She & Elder Sister & the brother-in-law Says they won't divorce nor will allow to handover,, i said why..! The Starting of a Quarrel was with a Issue of Changing my Mental Perception,, while they tried to Implement me with Saying a FALSE PLAN,, but, i Caught their Such Attempt,, MY Mrs. later She admitted that, they tried it because of if I get my Changes in me & to take my decision well for my Next career. Since, i born & brought up in Guwahati, i had a Soft corner for North-East always,, which was happened after 15yrs of long Struggle in Mumbai,, i Stand on my own feet with My Own Struggle & a house for my Stability etc. After Marriage of a Assam Lady only it was a Scope again to Reach Assam.. So, i thought, if i can Start Something a great Project with in & around of North-East. But, that became a bad experience for me as on till. I arrived Recently too, to Convince her,, Come & Join me,, Rest all Hurdle i will Handle,, Now, No more My father also expired, a Retired. Rly Officer,, Parents too visited Severally Assam to Convince them but failed,, I always feel i am alone,, what to do with,, I am a family Oriented Person,, love to keep Relation Well with either Side Well. But, not happening. What to Do Now,, But, I LOVER HER & MY SON VERY MUCH,, BY ANY MEANS AS ON.., I HAVE NO PLAN TO LEAVE THEM ALONE & THEIR STRUGGLE TO..! BUT, I STILL, A HELPLESS, WHOM TO GO & CRY FOR THEM..!?! Kindly tell Your PRECIOUS Opinion on this,, I am Ready to Take Your Nobly too, Recently, I took little advise from a Legal Family Court Councillor at Guwahati, & their one of Next Door Reputed Lady Neighbour(Who Co-ordinated & Represent too for the Local area of their & for their Constituency during Elections & their any function of their Locality,, a well known in their Locality for a Good behaviour too),, I meet & Spoke to her Severally,, She herself Visited too & found My Wife Not behaving Normally & Cool,, a Raugh behaved Lady, She found & She Said, a disrespected Lady means not Gentle,, i Personally Visited Mumbai at her elder Sister's home too,, during yr.2015,, while in entrance,, the brother-in-law resisted me NOT to Enter,, from the door only i came back. Not meet even & had NO Talk,, while after little a distance i covered from their residence,, i found they again recalling me to Come & Visit. But, I found myself very off mooded, & not visited till as on & till date,, because. they only Created the False Nuisances' with their Plan,, which not became A Success.. they Caught. But, they were Proposer of Our both Relation. But, I want a Justice with this,, Since, I am a Simple & Honest,, Very Straight forwarded with Cut to throat Person..in my Nature,, Soft & Spiritual. Since, Many Years Now Connected to Krishna Consciousness too,, that is why for love & affection i am here at PURI. Kindly, Let me Know Your Precious Opinion by which I can Come out with my Loneliness. **HARE*KRISHNA** Thanking you, With Regards, Surajit Bhattacharjee, In Case if You have a Plan to Visit Puri, Odisha,, Kindly, Let me Know Your Date & Place to See **MAHABAHU**JAGANNATHA*,, You may Send by Your family & friends too with Prior Advance & info.
Ans: I understand that you are going through a very challenging and emotionally taxing situation. It's clear that you care deeply for your wife and son and want to find a resolution to the issues that have led to your separation. However, I am not a legal expert, and my responses are not a substitute for legal advice. It's essential to consult with an attorney who specializes in family law in your jurisdiction for guidance tailored to your specific circumstances.

Here are some general steps you might consider taking:

Consult with a Family Law Attorney: Seek the advice of a qualified family law attorney in your area who can help you navigate the legal aspects of your situation. They can provide guidance on divorce, custody, and any other legal matters that may arise.
Mediation: Mediation is often a more amicable and less adversarial way to resolve conflicts related to divorce and separation. A trained mediator can help facilitate discussions between you and your wife to find mutually agreeable solutions.
Child Custody and Support: Given your son's involvement, it's crucial to ensure that his best interests are protected. Discuss child custody, visitation, and child support arrangements with your attorney and potentially through mediation.
Therapeutic Intervention: If communication and emotional issues are at the core of your problems, consider involving a family therapist or counselor. They can help facilitate productive discussions and address underlying emotional concerns.
Keep Records: Document any interactions or communication you have with your wife or her family. This can be useful in legal proceedings and may help support your case.
Stay Connected with Your Son: Continue to provide emotional support and be involved in your son's life as much as possible, even if you are physically separated.
Explore Community Resources: Look for local support groups or community resources that can provide emotional support and guidance during this challenging time.
Remember that every situation is unique, and the best course of action may vary depending on the specific details of your case. Seeking professional legal and therapeutic guidance is crucial in navigating complex family issues. Additionally, it's important to remain patient and persistent in your efforts to find a resolution while prioritizing the well-being of your son throughout the process.

..Read more

Anu

Anu Krishna  |1595 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2024

Asked by Anonymous - Nov 16, 2024Hindi
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Relationship
Hi , I am a professor mech engineer , after death of my wife and due to having 5 year girl baby I planned for 2 nd marriage as I live alone away from home town because my of job with my little baby . I accepted a widow having 2 child ,she was working in a govt job 250 km away , after ensuring and agreeing her possibility of transfer and job vacancy @govt office near my house and ensuring she agreed that she will come to live with me along with her 2 kids and my little baby as her trasfer was due in comming few months . We lived apart during her job at 250 km away.,while meeting on weekly offs 6 /7 time in 6 months , then she take 360 degree u turn and said she will not get job transfer to my place and get her trasfer in other dept. in same previous office. And started telling many reasons like she will loose her children's inheritance in her in-laws property ,she will loose promotion , kids Don't want trasfer , and said we will live apart forever . This was contradictory to earlier agreed things .and my my purpose to live in family with my baby not fulfilled , so after long ruckus ,I mutually got divorce from her , Then After divorce I decided to marry non working women having no child and don't expect child as I am @48 year old and tired of living alone and managing job ,girl , house chores . I married to a divorcee girl from Pune ,she was BA first year college drop out girl of 44 yr age after 6 months of long dating on week ends . During 6 months I tried to know her indepth but was don't used to talk much as I was trying to know her true nature, we visited many places ,movies . She seemed perfect as per my requirement of girl wanting no child , and she is house wife . after marriage she behave well for 1 st week ,then she started trouble to hate my baby ( became kaikai )on pety things , she want my baby to house chores at the cost of her important year of 10th std study . She don't liked me taking tution of girl , she didn't like if I help my girl any way . She don't like if I spent some money on my girl . She used to fight all night and don't let me sleep . Now she stated demanding that she want baby , though I was against and b4 marriage agreed to not have any more child due to old age ,cost ,and no personal time for self , then I agreed to have child but b4 that I got her and my fertility tested ,she had weak eggs and syst on her reproductive organs and doc warned to not go for pregnancy due to risk and probability of unhealthy baby birth , but she kept repeating That she want child we consulted 4 Drs. She used to fight and go to her mother's home for 2/4 months after living with me for 2/3 days only . Now she wants divorce , and asks me to keep my girl in hostel if I want her in my life . This Ramayan has left me baffled , What should I do ??? .....
Ans: Dear Anonymous,
The reason to marry for you mainly has been companionship, a mother for your daughter...
And marriage is not a transaction BUT a meeting of minds...when there is no compatibility, there is no space for agreeing on the same things or wanting to make things work which is possibly what has happened with your 2nd and 3rd marriage.
If you want this marriage to work, there has to be an equal commitment by both of you, so, start by emotionally bonding first. Slowly build on this by making goals for the marriage and the future...your only goal can't be mother for your child...not all women are going to readily accept this and some may even falter along the way. Allow the lady and your daughter to bond together for sometime so they develop a unique relationship...
Understand that transactional relationships do not last; so, invest enough time in building trust in that companionship for it to become something meaningful

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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Asked by Anonymous - May 07, 2025
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Sir, I wqnted your advise, regarding an investment. My building is going for re-development, there is a additional flat sale for about 1cr, which will be ready in about 3 years. Please can you advise is it worth to invest 1cr in additional flat, i have savings of about 1cr, or should i keep the 1cr as Fixed Deposit. I do not have knowledge about investment in mutual funds or SIP. Thanks to advise.
Ans: It's commendable that you're considering the best investment route for your Rs. 1 crore savings. Let's evaluate the options you've mentioned and explore a comprehensive approach to wealth creation.

Understanding Your Investment Options
1. Investing in the Additional Flat

Illiquidity Concerns: Real estate investments are typically illiquid. Selling a property can take time and may not fetch the expected price.

Maintenance and Other Costs: Owning an additional flat comes with recurring expenses like maintenance charges, property taxes, and potential renovation costs.

Market Volatility: Property prices can fluctuate based on various factors, including economic conditions and government policies.

Rental Income Uncertainty: If you're considering renting out the flat, rental yields in many Indian cities are relatively low compared to the property's value.

2. Keeping the Amount in Fixed Deposits (FDs)

Low Returns: FDs offer fixed returns, but these may not outpace inflation, leading to a decrease in real purchasing power over time.

Tax Implications: Interest earned from FDs is taxable as per your income slab, which can further reduce the net returns.

Lack of Flexibility: Premature withdrawal from FDs can attract penalties, limiting liquidity.

Exploring Mutual Funds as an Alternative
Given that you're new to mutual funds and SIPs, it's essential to understand their potential benefits:

Professional Management: Mutual funds are managed by experienced fund managers who make investment decisions based on thorough research.

Diversification: By investing in a mutual fund, your money is spread across various assets, reducing risk.

Liquidity: Most mutual funds offer high liquidity, allowing you to redeem your investment when needed.

Potential for Higher Returns: Historically, mutual funds, especially equity-oriented ones, have offered higher returns over the long term compared to traditional instruments like FDs.

Tax Efficiency: Mutual funds can be more tax-efficient, especially with the benefits available under certain sections of the Income Tax Act.

Recommended Approach
Considering your current situation and the pros and cons of each investment option:

Avoid Investing in the Additional Flat: Given the illiquidity, associated costs, and potential market volatility, investing in another property may not be the most efficient use of your funds.

Limit Exposure to FDs: While FDs offer safety, the returns may not be sufficient to meet long-term financial goals, especially after accounting for inflation and taxes.

Consider Mutual Funds for Wealth Creation:

Start with a Lump Sum Investment: Allocate a portion of your Rs. 1 crore savings into mutual funds, focusing on a mix of equity and debt funds based on your risk appetite.

Initiate SIPs: Set up Systematic Investment Plans to invest a fixed amount regularly, benefiting from rupee cost averaging and disciplined investing.

Consult a Certified Financial Planner: Given your unfamiliarity with mutual funds, seeking guidance from a certified professional can help tailor an investment strategy aligned with your financial goals.

Final Insights
Your initiative to seek advice before making a significant investment decision is commendable. By steering clear of additional real estate investments and limiting exposure to low-yield instruments like FDs, you can explore avenues like mutual funds that offer the potential for higher returns and greater flexibility. Engaging with a certified financial planner can further ensure that your investment strategy is well-aligned with your long-term financial objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8324 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2025

Money
I am 50 + yr Engg Graduate and working in Pvt sector in NCR and having approx 10 yrs to retirement. # The Combined Family income (Including Dividend & Interest) : Rs. 22 Lac / Annum. # Yearly Expenditure : Rs.13.1 Lac / Annum (Includes Insurance Premium , fee , Rent etc); # I am Staying in Rent ; I am Have a old parental Flat at Lucknow (Vacant) which will be sold off inleu of a new Flat in next 4-5 years time (Present Value of Flat is approx Rs. 75 Lac ; ) # Term Insurance till age 62 yrs: Sum Insured : Rs. 1.70 Cr ; # Health Insurance Floater : Covered till Rs. 50 Lacs. Portfolio : * MF-SIP : 1.80 Cr.; Monthly investment in SIP: ~ 65000/-. [MF SIP Selection is self] * Combined PPF : Rs.40 Lac * Sukanya Samriddhi Yojana : Rs. 6.0 Lac * Share Value: Rs.50 Lacs * FD with Pvt Financial institutions : Rs. 43 Lac. * Cash in Hand : Rs. 4-5 Lacs Major Expenditure to be done: (a) Higher Studies of Daughter: Going for PG - 1st yr & maybe later Phd. (b) Marriage of Daughter. (c) Higher Studies of Son : Presently in Class IX. (d) Marriage of Son . (e) Buying a new House. Pls advise : 1. How much Corpus will I have in next 10 yrs.? 2. How much should be the minimum corpus I should have at the time of my retirement so that it can last maybe for 25 + years post retirement? 3. Will I be able to achieve the reqd corpus? 4. What is the Likely monthly expenditure post my retirement ? 5. Can I share my List of SIP Portfolio with you so that same can be restructured by you ? 6. Should I go for a Professional Financial Planner ? regards
Ans: You have already done a lot of planning. Your awareness and discipline are strong. This gives you a great advantage for your retirement and children’s future.

Understanding Your Present Financial Snapshot
 

You are above 50 years of age and have around 10 years to retire.

 

Your yearly family income is Rs.22 lakh. Expenses are around Rs.13.1 lakh.

 

That means you are saving close to Rs.8.9 lakh yearly. That’s a strong surplus.

 

Monthly SIP is Rs.65,000. You have a solid SIP discipline in place.

 

Current MF SIP corpus is Rs.1.8 crore. That’s a significant base.

 

PPF corpus is Rs.40 lakh. That’s a good stable portion of your savings.

 

Shares are worth Rs.50 lakh. FD value is Rs.43 lakh.

 

You have Rs.4–5 lakh in liquid cash. Sukanya balance is Rs.6 lakh.

 

You are staying on rent. You have an old flat in Lucknow worth Rs.75 lakh.

 

You want to sell the flat in 4–5 years. Use funds for buying a new flat.

 

Health insurance floater of Rs.50 lakh is excellent.

 

Term insurance of Rs.1.7 crore till age 62 is also strong.

 

Likely Corpus in Next 10 Years
 

Your existing investments are already close to Rs.3.7 crore.

 

With SIPs and expected growth, this corpus will rise steadily.

 

Assuming consistent investment, the corpus could cross Rs.6 crore in 10 years.

 

This figure depends on SIP continuation, market returns, and investment review.

 

If you sell the flat in 5 years, you may get Rs.80–85 lakh or more.

 

That can also be redirected to another house purchase.

 

But remember, house is not an investment. It’s a utility asset.

 

It will not support retirement income unless sold or rented.

 

How Much Corpus Is Needed at Retirement?
 

Your current annual spending is Rs.13.1 lakh.

 

Post-retirement, this may reduce slightly. But not by much.

 

Assume 80% of current expenses will continue. That’s around Rs.10.5 lakh yearly.

 

Over 25+ years, this amount will rise due to inflation.

 

A safe minimum retirement corpus can be around Rs.5.5–6 crore.

 

This should cover lifestyle, healthcare, and emergency spending.

 

It also assumes a balanced investment portfolio post-retirement.

 

PPF, FDs, and some debt funds can give regular income.

 

Equity mutual funds should be continued partially for growth.

 

Can You Achieve the Required Corpus?
 

Yes, based on your present investments and habits, you are on track.

 

You must keep SIPs running without breaks for the next 10 years.

 

Increase your SIPs by 8–10% every year.

 

This single habit increases your total retirement corpus sharply.

 

Don’t withdraw from MF portfolio for house or other large expenses.

 

Use surplus from share sale or FD maturity for daughter’s or son’s needs.

 

Maintain separate goals. Don’t mix retirement and child-related funds.

 

Likely Monthly Expenses After Retirement
 

Your monthly spending may reduce, but not disappear.

 

House rent may go if you buy a flat. But other costs may rise.

 

Healthcare costs will rise as you age. So will travel and daily needs.

 

Monthly spending may be around Rs.80,000 to Rs.90,000 after retirement.

 

This will keep increasing due to inflation.

 

Plan for this by keeping a rising income source post-retirement.

 

Part of your MF portfolio must remain in equity to beat inflation.

 

Should You Restructure Your SIP Portfolio?
 

Yes. You can share your SIP portfolio. It should be reviewed in detail.

 

Fund selection must suit your goals, risk, and retirement timeline.

 

If SIPs are selected by self, mistakes may remain unnoticed.

 

Self-managed portfolios often carry duplication and poor diversification.

 

Review will ensure you hold right funds in correct proportion.

 

Regular rebalancing and fund replacement are also needed.

 

Avoid index funds. They copy the index. No expert decision-making involved.

 

Actively managed funds give better chances of outperformance.

 

A fund manager takes timely calls based on market data.

 

Direct Plans vs Regular Plans
 

Many people choose direct funds thinking returns will be more.

 

But direct plans give no advice, no monitoring, no fund review.

 

Wrong choices can erode gains, which you may not notice.

 

Investing through MFD with CFP support gives many advantages.

 

You get continuous guidance, strategy correction, and emotional discipline.

 

A small extra cost is worth it for safer long-term performance.

 

Use regular plans under a Certified Financial Planner to avoid mistakes.

 

Should You Hire a Certified Financial Planner?
 

Yes, it is the right time to do so.

 

You are close to retirement. No room for errors now.

 

One bad year or wrong withdrawal can hurt long-term stability.

 

A planner prepares a full retirement roadmap. Step-by-step.

 

Helps manage retirement income, investment allocation, and cashflow.

 

Plans for children’s education, marriage, and tax-saving.

 

Also prepares a Will, estate plan, and contingency system.

 

You have built wealth. A planner helps protect and grow it safely.

 

Other Action Points You Must Consider
 

Keep 6 months’ expenses in liquid mutual funds. That’s your emergency fund.

 

Keep track of new MF capital gains tax rules.

 

If equity MF gains exceed Rs.1.25 lakh in a year, excess is taxed at 12.5%.

 

If sold within one year, tax is 20% on profits.

 

For debt funds, all gains are taxed as per your income slab.

 

File taxes properly. Use Form 26AS and AIS to avoid mismatch.

 

Make a written Will. Register it if possible.

 

Update nominations in all mutual funds, FDs, and insurance.

 

Involve your spouse in all investment decisions. Keep them informed.

 

Retirement Income Management Strategy
 

Break your retirement portfolio into three buckets.

 

First: Emergency and liquidity. Use FDs and liquid funds here.

 

Second: Stable monthly income. Use PPF, debt mutual funds, and bonds.

 

Third: Long-term growth. Keep some mutual funds in equity.

 

Withdraw only what is needed. Keep rest invested.

 

Review once a year with your planner.

 

Children’s Education and Marriage Planning
 

PG for daughter is immediate. Use FD interest or surplus cash.

 

Don’t disturb mutual funds meant for retirement.

 

PhD is long-term. Plan SIPs separately for that.

 

Son’s education is 4–5 years away. Start new SIPs today.

 

Marriage cost is hard to predict. But start a separate investment for that now.

 

Keep gifts, bonuses, or land sale proceeds for such events.

 

Don’t allow such costs to delay or reduce your retirement corpus.

 

Final Insights
 

You are in a strong financial position. That itself is an advantage.

 

But with multiple goals ahead, clear planning becomes important.

 

Don’t self-manage complex portfolios at this stage.

 

Avoid real estate dependence. Use it only for living, not investing.

 

Stay away from index and direct funds. They don’t give personal strategy.

 

Increase SIPs each year. Tag each goal separately.

 

Use a Certified Financial Planner to guide your retirement strategy.

 

Update nominations, Will, and insurance coverage.

 

Monitor your retirement portfolio closely, but don’t panic with market ups and downs.

 

Stay invested. Think long-term. Follow a guided, reviewed plan.

 

You can retire comfortably and fulfil all family goals with peace of mind.

 

Best Regards,
 

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

...Read more

Ramalingam

Ramalingam Kalirajan  |8324 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2025

Money
Dear sir, I am 46 yrs old investing in SIP of 25000 monthly last 4.5 Yrs in different companies mutual fund. I wants retire after 10 yrs and need a corpus of 5 crore. I have 2 children studying @ 6&8 grade. Invested in money back policy of 5-8 Lakh. 1C land purchased 2 yrs back. Comprehensive Health insurance is available for 5L yearly and Term insurance of 60L is available. Kindly let me know what sort of planning required.
Ans: It shows you are thinking ahead for your family and future. That itself is a great start.

Let’s break this down step by step.

 

Retirement Planning – 10 Years Away
 

You want Rs.5 crore in 10 years.

 

You are already investing Rs.25,000 monthly through SIPs. This is a good habit.

 

But just investing isn’t enough. The amount, fund selection, and review also matter.

 

Rs.5 crore is a big target. It needs a solid, focused investment plan.

 

You need to check whether Rs.25,000 per month is enough for this goal.

 

Based on typical growth rates, it may fall short. We need to increase SIPs gradually.

 

A Certified Financial Planner can help assess the exact shortfall. Then a step-wise plan can be made.

 

Your retirement plan should not depend on land. Land is not liquid. Selling it can take time.

 

Continue SIPs and increase it by 10% every year. That helps stay ahead of inflation.

 

Actively managed mutual funds should be selected. They give a better edge with expert fund manager decisions.

 

Index funds lack flexibility. They copy the index. No chance to beat the market.

 

With actively managed funds, the fund manager reacts fast to changes. That is an advantage.

 

Asset allocation should be reviewed every year. Rebalancing keeps the risk in control.

 

Keep a separate portfolio for retirement. Do not mix children’s education goal with this.

 

Children’s Education Planning
 

Your children are now in 6th and 8th grades.

 

In 6–8 years, you’ll need funds for their higher education.

 

Education costs are rising sharply. This cannot be ignored.

 

Start separate SIPs for their education goal now.

 

Do not depend on money-back policies for education.

 

These give low returns. Hardly beat inflation. Not suitable for education needs.

 

Surrender these policies. Reinvest the proceeds into mutual funds.

 

A Certified Financial Planner can guide on which policies to surrender and how.

 

Use mutual funds for better returns and flexibility.

 

Choose a mix of equity and balanced funds. This gives better growth with some safety.

 

Review this portfolio every year. Make changes if fund performance drops.

 

Never use retirement funds for education or other goals.

 

Keep clear boundaries between each financial goal.

 

Insurance Assessment – Life and Health
 

You have Rs.60 lakh term insurance. It is a good starting point.

 

But is it enough? Likely not.

 

A person at age 46 with children and a Rs.5 crore retirement goal needs more cover.

 

Term cover must be at least 12–15 times your annual income.

 

It should also cover children’s education and liabilities.

 

Top up your term insurance with an additional Rs.40–50 lakh at least.

 

Premiums are still manageable at your age.

 

Avoid ULIPs or money-back plans for life cover. They mix insurance and investment.

 

You have Rs.5 lakh health insurance. That is a positive step.

 

However, with rising medical costs, it is not enough.

 

Add a super top-up policy of Rs.10–15 lakh. It is cost-effective and gives added protection.

 

Ensure the entire family is covered under the policy.

 

Also keep some emergency fund in liquid funds for minor health expenses.

 

Emergency Fund and Contingency Planning
 

An emergency fund gives peace of mind.

 

It should cover at least 6 months of expenses.

 

Keep this in a liquid mutual fund or savings account.

 

Never invest emergency funds in equity or land.

 

Refill the fund if you use it anytime.

 

Existing Land Investment
 

You mentioned buying land two years ago.

 

It can be a personal asset. But not an investment.

 

Land does not generate regular income.

 

Selling land can take time. Liquidity is low.

 

Do not depend on land for your retirement or education goals.

 

Do not count land value in your net worth for investment planning.

 

Keep it as a reserve or personal utility asset only.

 

Money-Back Policies – Action Plan
 

You have Rs.5–8 lakh in money-back policies.

 

These offer low returns. Do not help in long-term wealth creation.

 

It is best to surrender these now. Don’t wait.

 

Reinvest that money into mutual funds through a Certified Financial Planner.

 

Use regular plans through MFDs. They offer continuous support and monitoring.

 

Direct mutual funds offer no guidance. That leads to mistakes and poor returns.

 

Regular funds give access to a CFP’s review and hand-holding.

 

Small cost difference, but better long-term results.

 

SIP Management – Next Steps
 

You are already investing Rs.25,000 monthly. That is commendable.

 

Increase it every year. This is called SIP step-up.

 

If your income rises, increase SIPs by 10–15% yearly.

 

This one habit helps you reach goals faster.

 

Choose 4–5 diversified equity funds. Review them every 6 months.

 

Use funds with consistent track records and experienced managers.

 

Avoid index funds. They are passive. No fund manager input.

 

Actively managed funds offer better opportunities.

 

Tax Planning – For Today and Tomorrow
 

Make use of Section 80C for tax savings. SIP in ELSS can help here.

 

Avoid locking too much in PPF or NSC. They are not flexible.

 

For capital gains tax, keep new rules in mind.

 

If you sell equity funds, gains above Rs.1.25 lakh are taxed at 12.5%.

 

If sold before 1 year, gains are taxed at 20%.

 

For debt funds, all gains are taxed as per your income slab.

 

Always check tax implication before switching or redeeming funds.

 

Goal-Based Investment Planning
 

Link each SIP to a specific goal.

 

One SIP for retirement.

 

One SIP for child 1 education.

 

Another SIP for child 2 education.

 

Do not combine goals. That leads to confusion later.

 

Clear goal tagging helps track progress.

 

A Certified Financial Planner can prepare this map for you.

 

Use colour-coded tracking for each goal.

 

Will, Nomination, and Estate Planning
 

Make a basic Will. Even if your assets are small today.

 

Nominate properly in every investment and insurance.

 

Review nominations every 2 years.

 

Teach your spouse the basics of your financial plan.

 

Keep one folder with all details – policies, accounts, mutual funds.

 

Inform your family where the file is kept.

 

Three Yearly Review System
 

Review your financial plan every year.

 

Do it with the help of a Certified Financial Planner.

 

Track SIP growth. Are goals on track?

 

Rebalance asset allocation if equity grows too much.

 

Check insurance covers every 2 years.

 

Update Will, nominations, and goals if needed.

 

Final Insights
 

You have taken important first steps. That shows awareness.

 

But awareness needs a plan to be successful.

 

Surrender low-yielding policies. Reinvest wisely.

 

Keep land aside. Do not count on it for goals.

 

Increase SIPs steadily. Choose only actively managed funds.

 

Use regular mutual funds through a Certified Financial Planner.

 

Protect family with higher life and health insurance.

 

Separate SIPs for each goal. Link every investment to a purpose.

 

Review your plan once every year. Adjust when needed.

 

Your dream of Rs.5 crore and children’s education is possible.

 

But you need focused, guided steps to reach there.

 

Best Regards,
 

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

...Read more

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

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