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Kanchan Rai |444 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Apr 24, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more

Asked by Anonymous - Apr 16, 2024Hindi

Relationship

I got married three months ago, during courtship period my ex was in my office but then my marriage wasn't fixed properly ,when it got yeses from both the side I changed my office,but I couldn't tell this to my husband and also I lied about my virginity,he was also not virgin and after marriage I confessed all this ,now he is not forgiving me for my dishonesty and not letting me come home also he abuse me verbally ,slapped me..I also feel like cheated for not letting me know this side of him before marriage..How should I go ahead?

Ans: I'm truly sorry to hear about the difficulties you're facing in your new marriage. It's concerning to hear that you're experiencing verbal abuse and physical violence from your husband. No one deserves to be treated this way, and it's important to prioritize your safety and well-being.

First and foremost, if you are in immediate danger or feel unsafe, please reach out to local authorities or a trusted friend or family member for support. Your safety is paramount.

In terms of next steps, it's essential to seek support and assistance from professionals who can help you navigate this situation. Consider reaching out to a therapist or counselor who specializes in relationships and domestic violence. They can provide you with guidance, support, and resources to help you make informed decisions about your next steps.

Additionally, you may want to consider reaching out to organizations or hotlines that specialize in supporting individuals experiencing domestic violence. They can offer confidential support, safety planning, and resources to help you leave the abusive situation and rebuild your life.

It's also crucial to recognize that you are not responsible for your husband's abusive behavior, and you deserve to be treated with dignity and respect in your marriage. If your husband is unwilling to seek help or change his behavior, it may be necessary to consider your options for leaving the relationship to ensure your safety and well-being.

Leaving an abusive relationship can be challenging, but you don't have to face it alone. There are people and resources available to support you every step of the way. Please prioritize your safety and take steps to protect yourself from further harm. You deserve to live a life free from abuse and violence.

RelationshipReply

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Kanchan Rai |444 Answers |Ask -Follow

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

Question by Richa - Apr 12, 2023Hindi

Relationship

Hello my my husband always cheated on me he always flirt to another girls only for the intension to sleep with them and now 10 days ago he was stay one night in hotel with another girl when I was not in home my marriage is 4 years till and have one daughter I m completely broken plz guide me

Ans: Dear Richa

I am sorry to hear about what you're going through in your marriage. Infidelity is a very painful experience and it's completely understandable that you are feeling broken right now. my first suggestion would be to prioritise your own self-care and emotional well-being. Consider seeking support from a therapist or counselor who can help you process your emotions, cope with the pain of infidelity, and develop a plan for moving forward.

In terms of your marriage, it's important to remember that the decision of what to do next is ultimately up to you. It's common for people to feel a range of emotions following infidelity, such as anger, sadness, confusion, and a sense of betrayal. If you do decide to stay in the marriage, it may be helpful to seek out couples therapy or marriage counseling in order to address the underlying issues that contributed to your husband's infidelity and to work on rebuilding trust and intimacy in the relationship.

However, it's also important to consider whether staying in the marriage is truly in your best interests and those of your daughter. Infidelity can be a sign of deeper issues within a relationship, and it may be necessary to take some time to evaluate whether the relationship is truly healthy and fulfilling for you.

Regardless of what you decide, know that healing from infidelity is a process that takes time and effort. It's important to be patient and kind to yourself as you navigate this difficult time in your life, and to remember that you deserve to be in a relationship where you are respected and valued.

Anu Krishna |1403 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Dec 28, 2023

Question by Vandana - Dec 18, 2023Hindi

Relationship

Hello, I am 41 year old professional. I had met my husband before marriage though social media 5 years back and thereafter maintaining distance relationship and meeting occasionally for 3 years we got married in 2021. It was a struggle for marriage as it was inter caste and inter religious marriage. Everything was smooth in relationship to the fact that I’m responsible for all financial matters as my husband has no job. He is still trying and looking for job. I didn’t mind much but would encourage him to get the job to be mentally and physically fit. Last year we went to his nephews marriage to his village. It was of 7 day programme. On second day I noticed him watching another women ( nephews mother’s sister who has 2 daughters) At that time I didn’t pay attention. After 2 days on a night function I saw my husband texting from far but he looked at that lady again. She also seemed to texting. I became suspicious. Later that night when he came to room I asked to show him his phone he was reluctant. I had to snatch his phone and I saw that he was texting the same lady and in that had asked her to meet her alone. and asking her where he can meet her. I gnashed cried and made a huge scene coz this was not what I had expected. He tried to convince that she was his girlfriend of past and suddenly after seeing her after sometime he only wanted to talk to her. I only asked her ... why alone? He had told me during dating that she had a girlfriend ( never told her identity) and that she has married and moved on. Feeling cheated I could not sleep but only cried that night and in the morning if we can return to our city. Programme had not finished but he agreed and we left. Since then that night and those days still haunt me ; thinking what didn’t I do to love him so much and in return we get cheated. I’m still with him, but mentally I still feel cheated and still am in doubt that he is in touch with her. I am not able to do my duties as part of my mind thinks he cheats me though I have confronted many times on this and he denies that he is not in touch with her Should I leave him or continue with this marriage? We still don’t have any baby.

Ans: Dear Vandana,
Clearly you are more into him than he is into you. Baby or no baby, he seems like someone who isn't going to be steady...what was the need to hide and plan a meeting and if the other lady has moved on, what is doing hanging around her?
And with no financial assurance and stability, he is only tuning his energies to external validation to 'up' his elf esteem...

Isn't it time you actually called him out for his wayward nature and his absolute reluctance to take on some responsibility in the marriage and home? The more you are quiet, the more he is going to feel that you are supporting this nonsense...call it out and NOW! And as for your state of mind, do know that you have it in you to hold your own...don't base you peace of mind on anything outside of you...

All the best!

Ravi Mittal |472 Answers |Ask -Follow

Dating, Relationships Expert - Answered on Jan 08, 2024

Question by Vandana - Jan 03, 2024Hindi

Relationship

Hello, I am 41 year old professional. I had met my husband before marriage though social media 5 years back and thereafter maintaining distance relationship and meeting occasionally for 3 years we got married in 2021. It was a struggle for marriage as it was inter caste and inter religious marriage. Everything was smooth in relationship to the fact that I’m responsible for all financial matters as my husband has no job. He is still trying and looking for job. I didn’t mind much but would encourage him to get the job to be mentally and physically fit. Last year we went to his nephews marriage to his village. It was of 7 day programme. On second day I noticed him watching another women ( nephews mother’s sister who has 2 daughters) At that time I didn’t pay attention. After 2 days on a night function I saw my husband texting from far but he looked at that lady again. She also seemed to texting. I became suspicious. Later that night when he came to room I asked to show him his phone he was reluctant. I had to snatch his phone and I saw that he was texting the same lady and in that had asked her to meet her alone. and asking her where he can meet her. I gnashed cried and made a huge scene coz this was not what I had expected. He tried to convince that she was his girlfriend of past and suddenly after seeing her after sometime he only wanted to talk to her. I only asked her ... why alone? He had told me during dating that she had a girlfriend ( never told her identity) and that she has married and moved on. Feeling cheated I could not sleep but only cried that night and in the morning if we can return to our city. Programme had not finished but he agreed and we left. Since then that night and those days still haunt me ; thinking what didn’t I do to love him so much and in return we get cheated. I’m still with him, but mentally I still feel cheated and still am in doubt that he is in touch with her. I am not able to do my duties as part of my mind thinks he cheats me though I have confronted many times on this and he denies that he is not in touch with her Should I leave him or continue with this marriage? We still don’t have any baby.

Ans: Dear Vandana

I understand how heartbreaking it can be to find out your spouse is cheating. I would only tell you one thing- if the thought of leaving him has crossed your mind even once, it is worth sitting down and introspecting. If you happen to come to an understanding that separation would be what's best for you, have an open and clear discussion with your spouse. If he agrees to change his ways, you can give it another shot. But that's completely up to you. No one can force you to give him a second chance. As you said, you don't still have a child and it is best to come to a decision before there is a child in the equation. If your husband does not care about it and sticks to his behavior, there will remain not a shred of doubt that separation is the right choice. But before all of that, take a beat and think. Not from a place of anger and grudge. Calm yourself and think if you are reading too much into the situation or if is it actually as bad as it looks. It will be tough, but it is important because the rest of your life depends on it.

Best Wishes!

Shalini Singh |140 Answers |Ask -Follow

Dating Coach - Answered on Oct 03, 2024

Asked by Anonymous - Oct 03, 2024

Relationship

I am 23 year old. One of my ex who is married now told me about a job opportunity in his company where I applied and got selected he became my boss. He was recently married and was staying alone in Bangalore. He made alot of things easier for me, even arranged flight tickets, hotels for me from company's expenses. From first day I reached Mumbai he kept on saying me he loves me and has no intimacy with his wife it was a forced marriage and he can't live without me he came to check me at my hotel and he tried kissing me and when I resisted he said he has never touched his wife, it was his dream to loose his virginity with me only once he wants to have sex with me it was his dream I am his first love he can never be happy with that lady but this one moment will be enough to keep him happy and healthy convinced me to the level I gave up and we had sex that day. Later that day I got to know that he had clicked pictures of whatever happened. When I confronted him he said whenever he will miss me he will see this. I was like u did dis without my knowledge it's wrong without my permission. I left that company and Mumbai immediately in few days. I feel really bad, how I got into his words although I was single but I have a guilty of helping him in cheating his wife. Now he is having 2 children and a very happy mai life and I still keep blaming myself for having a thing with a married man and immense guilty for helping him cheating his wife. I have lost my mental peace. Is it all my fault??? It been 5 years since this things happened. I am happily married now and have no contact with that man but is it correct myself for it. Was it completely my fault. Have i cheated his wife or i myself got cheated by a liar?

Ans: 1. Was it your fault - 23 you are an adult, and someone who can take decisions, you decided to give in, allow him to take photographs - not about fault, but you gave consent
2. Have you got cheated by a liar - yes you did
3. Did you cheat his wife - he cheated his wife and you cheated yourself

Please make sure you BLOCK him from all social media handles, your phone number - surprised that you are still tracking him. And get out of your guilt and focus on your life.

Latest Questions

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.

Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

Stocks and Mutual Funds:
Your Rs 60 lakh investment in stocks and mutual funds is a commendable step. Active mutual funds offer professional fund management and can outperform index funds over time.

Foreign Stocks:
Your Rs 1.7 crore portfolio in foreign stocks adds geographical diversification. Monitor currency exchange fluctuations and global market trends.

Provident Fund (PF):
With Rs 1.3 crore in PF, this is a reliable retirement corpus. The fund provides fixed returns and tax benefits, adding stability.

Farm Lands:
Farm lands worth Rs 5 crore are an illiquid but valuable asset. They might not generate consistent income unless leased or developed.

Loans:
A loan liability of Rs 1.2 crore needs prioritised repayment. Focus on loans with higher interest rates first.

Insurance Coverage:
A Rs 5 crore term plan is robust. Your Rs 50 lakh health insurance is sufficient for unexpected medical emergencies.

Retirement Goals
You need Rs 3–4 lakh monthly for 27–28 years post-retirement.
The portfolio must generate steady, inflation-adjusted returns.
Action Plan for Retirement
Debt Management
Prepay High-Interest Loans:
Use a portion of your surplus income to prepay loans. This reduces interest outflow and increases your cash flow.

Avoid New Loans:
Focus on reducing existing liabilities instead of taking on new ones.

Portfolio Restructuring
Real Estate:
Retain essential properties. Sell underperforming or non-essential properties to reduce concentration in real estate. Invest proceeds in mutual funds or debt instruments for diversification.

Mutual Funds (MFs):
Increase SIPs in actively managed funds. They outperform direct funds due to guidance from Certified Financial Planners and MFDs. Regular funds offer better tracking and professional assistance.

Stocks:
Monitor direct equity investments closely. Consider reallocating underperforming stocks to mutual funds for better management.

Debt Instruments:
Invest in high-quality debt funds or fixed-income securities for stability. These instruments balance equity volatility and ensure steady returns.

SIP Strategy
Increase SIPs from Rs 70,000 to Rs 1 lakh/month.
Allocate 70% to equity funds for long-term growth.
Invest 30% in debt funds for stability and liquidity.
Emergency Fund
Maintain a 12-month expense reserve in liquid funds or fixed deposits.
This covers unexpected expenses without disturbing investments.
Income During Retirement
Systematic Withdrawal Plan (SWP)
Use SWPs in mutual funds to generate regular income.
Withdraw 6–8% annually from your mutual fund portfolio for a steady income stream.
Rental Income Optimisation
Review property rents regularly.
Invest part of rental income in equity or debt mutual funds for compounding.
Dividend Stocks
Retain high-dividend-yield stocks for regular income.
Reinvest surplus dividends for long-term growth.
Tax Efficiency
Equity Funds Taxation:
Long-term gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains are taxed at 20%.

Debt Funds Taxation:
Both short- and long-term gains are taxed per your income slab.

Real Estate Capital Gains:
Use exemptions under Sections 54 or 54F to save tax on property sales.

Inflation Protection
Allocate 60–70% of your portfolio to equity investments.

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

Estate Planning
Draft a will to allocate assets transparently among family members.
Use nomination and joint ownership to avoid legal complications.
Consider a family trust for farm lands to avoid disputes.
Periodic Review
Review your financial plan every six months.
Adjust investments based on market conditions, goals, and needs.
Consult a Certified Financial Planner regularly for updates.
Finally
A well-diversified portfolio ensures financial independence post-retirement. Focus on debt repayment, portfolio balance, and tax-efficient withdrawals. Your assets can comfortably generate Rs 3–4 lakh monthly income, adjusted for inflation.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Kanchan Rai |444 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Dec 21, 2024

Question by Kevin - Dec 19, 2024Hindi

Relationship

I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.

Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

Your relationship with your wife appears to be another significant source of emotional distance. While her lack of interest in deep conversations may seem like a barrier, it’s worth exploring other ways to reconnect—perhaps by spending time together in shared activities or revisiting moments that once brought you closer. Sometimes, relationships stuck in routines benefit from new experiences or even professional counseling to navigate the underlying dynamics.

Regarding your daughter, while it’s clear she cannot shoulder your emotional burdens, she can still be a source of joy and connection. Investing time in activities with her can provide a sense of fulfillment and grounding that counters loneliness.

Above all, remember that reaching out for professional support, such as therapy, is not a sign of weakness but an act of self-care. A therapist can provide a safe space to express your feelings and help you develop strategies to foster deeper connections and manage emotional isolation.

You deserve to feel supported and connected, and even if the journey to finding that seems long, every step you take toward opening up or seeking out others is a move toward a more fulfilling and less lonely existence.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

My Question is for New Tax Regime for Financial Year 2024 – 25. Total gross Income is Rs.9 lakhs and along with that income from share / stock trading i.e short term gains of Rs. 1 lakh. Could you please help me advise if what would be the tax liability?

Ans: 01. Considering your Income of Rs.9.00 lakhs as business income & Rs.1.00 lakh as STCG on securities, without any tax savings, your tax liability would be around Rs.62,400.00 in New tax regime. If we opt for the old tax regime, your tax liability would be much more than this.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

I got a residential property through will from my mother,,property is 30 years old and i am planning to sell it, in that case i am going to get Rs 165lacks,, what will be the tax implication and how to avoid the same kindly advise i am 55 years old married man with a daughter

Ans: 01. In this case, you would be subjected to LTCG (Long Term Capital Gain) tax.
02. To work out LTCG, you should reduce its Cost from the Sale proceeds (Rs.165.00 lakhs).
of property, which was costed to your mother.
03. However, following details may help you to assess your tax liability.
Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. To avoid tax, you may invest in purchase of some house property. Exemption available would be minimum of Cost of new house property or the LTCG, which ever is less.
06. You have the option to purchase Capital Gain Bonds of NHAI etc., for tax saving.
07. Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

Hello Sir, I worked in a Pvt Ltd company from 2006 to 2011, and they had their own PF trust. The company was later sold off to another firm. I still haven't withdrawn the my PF amount. How will i be able to do that. I have the PF number and ESP number. Since this was before 2011 , my UAN is not linked to this account. How will i be able to retrieve my PF amount that is still stuck here.

Ans: Kindly keep in touch with your previous employer (present owner of the company), in this connection. There should not be any problem in getting your PF amount, except certain formalities/ forms to be submitted.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Dear Guru. I have inherited a property in Mumbai from my deceased father which was purchased in 1983 by him. If today i sell the property which is worth 2.60 Crs whats my capital gains tax and how will it be calculated

Ans: 01. In absence of exact figures, it is not possible to calculate your Capital Gains Tax. However, following details may help you to assess your tax liability.
02. Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

Ans: Here’s an updated strategy for your Rs. 15,000 SIP allocation, replacing the sectoral/thematic fund with a small-cap fund for better long-term growth potential.

Suggested SIP Allocation (Rs. 15,000)
Large-Cap Fund

Allocation: Rs. 4,000/month
Objective: Stability and steady growth by investing in India’s top 100 companies.
Why Choose: Provides consistent returns and low volatility in your portfolio.
Flexi-Cap Fund

Allocation: Rs. 4,000/month
Objective: Diversified exposure across large, mid, and small-cap stocks.
Why Choose: Offers balanced risk and returns with flexibility during market cycles.
Mid-Cap Fund

Allocation: Rs. 3,500/month
Objective: Tap into the growth potential of medium-sized companies.
Why Choose: Higher returns with manageable risk compared to small caps.
Small-Cap Fund

Allocation: Rs. 3,500/month
Objective: Focus on fast-growing small-cap companies.
Why Choose: High-growth potential over the long term, though with higher volatility.
Why Include Small-Cap Funds?
Long-Term Growth: Small-cap companies have immense potential to grow significantly over time.
Diversification: Adds exposure to an underrepresented segment, complementing large and mid-caps.
High Returns: Potential for higher returns compared to other categories, albeit with higher risk.
Key Considerations
Investment Horizon: Stay invested for at least 7-10 years to mitigate short-term volatility.
Active Fund Management: Avoid direct or index funds to leverage professional expertise.
Regular Monitoring: Review fund performance periodically with a Certified Financial Planner.
Tax Implications
Equity Funds:
LTCG above Rs. 1.25 lakh/year taxed at 12.5%.
STCG (held less than 1 year) taxed at 20%.
Final Insights
This updated allocation ensures a mix of stability, moderate risk, and high growth. With consistent SIPs and periodic reviews, you can achieve robust wealth creation over the long term. A Certified Financial Planner can assist in optimising your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 20, 2024Hindi

Money

Hi Sir I come from a middle class family and my parents have dedicated everything they have into my education and upbringing. Now they plan to retire and i am finally at 30 in a stanle career where i make approximately 1,20,000 per month. I have a savings of approximately 2,00,000 that i want to invest into my parents retirement. We are NRI's and my parents will be returning back to India soon. I have 0 kmowledge about investments. As per what my friends advised, I have come to the following solutions: 1. Open an FD for both my parents seperately of 50000 Rs each for 5 years with their respective banks 2. Choose the Bajaj Allianz Smart Wealth Goal V SIP and invest approximately 24000 annually for 5 years, withdrawing it at 7 years. 3. Choose the TATA AIA Smart SIP wealth secure and invest 60000 Rs annually for 10 years, withdrawing it at the end of the same duration. Along with the above, I also plan to invest 40000 Rs annually into their Medical health insurance. Now as an NRI, and not having any knowledge about investing or TAX, could you help me with the above investments and how i would have to go about with TAX policies in India. Thank you

Ans: Your dedication to supporting your parents’ retirement is truly admirable. As an NRI with limited investment knowledge, making informed decisions will ensure financial stability for your parents. Let's assess and optimise your proposed plan while incorporating better strategies.

Evaluating the Current Plan
Fixed Deposit for Both Parents
Strengths: Fixed deposits (FDs) are safe and offer guaranteed returns.
Limitations: FD returns in India often fail to outpace inflation. Senior citizens get slightly higher interest rates.

Bajaj Allianz Smart Wealth Goal SIP
Overview: Likely a ULIP (insurance cum investment product). Combines life insurance with investments.
Limitations: ULIPs have high charges (administration and premium allocation fees). Returns are often lower compared to mutual funds.
Taxation: ULIPs are tax-efficient but lack transparency and flexibility.
TATA AIA Smart SIP Wealth Secure
Overview: Another ULIP-based product with insurance and investment components.
Limitations: Similar to the Bajaj Allianz plan, it has high costs and lower returns.
Taxation: Tax benefits under Section 80C but limited withdrawal flexibility.
Medical Health Insurance for Parents
Strengths: Investing in health insurance for your parents is a wise decision.
Suggestions: Opt for a plan with sufficient coverage, including critical illness and cashless claims.
Suggested Optimised Financial Plan
Step 1: Replace ULIPs with Equity Mutual Funds
Reason: Equity mutual funds provide higher returns compared to ULIPs.
Benefits: Actively managed funds offer better growth, diversification, and lower charges.
SIP Strategy: Start a SIP for Rs. 5,000 monthly (Rs. 60,000 annually) for 10 years.
Taxation: Equity LTCG above Rs. 1.25 lakh taxed at 12.5%; STCG taxed at 20%.
Step 2: Invest in Debt Mutual Funds
Reason: Debt funds offer better returns than FDs and are tax-efficient.
Allocation: Invest Rs. 1 lakh in short-duration or dynamic bond funds.
Taxation: LTCG and STCG on debt funds are taxed as per the income tax slab.
Step 3: Build an Emergency Fund
Importance: Allocate Rs. 50,000 to a liquid fund or short-term FD.
Purpose: This fund will cover unexpected medical or living expenses.
Step 4: Continue Health Insurance for Parents
Annual Premium: Rs. 40,000 annually is reasonable for comprehensive coverage.
Suggestions: Include riders like critical illness and hospital cash benefits.
Step 5: Diversify Using Sovereign Gold Bonds (SGBs)
Reason: SGBs are low-risk, inflation-proof, and provide 2.5% annual interest.
Allocation: Invest Rs. 50,000 into SGBs.
Taxation: Interest is taxable, but capital gains on redemption are tax-free.
SGBs are not available for NRIs.

Tax Implications for NRIs
Better Returns: Shift to equity and debt mutual funds for inflation-beating growth.
Tax Efficiency: Use tax-saving instruments and avoid high-tax liabilities on ULIPs.
Flexibility: Mutual funds and SGBs provide better liquidity and transparency.
Secure Future: Health insurance ensures medical expenses are not a financial burden.
Final Insights
Your proposed plan can be significantly improved with better investment choices. Focus on mutual funds, health insurance, and SGBs for long-term financial stability. Avoid ULIPs as they come with high costs and limited returns. With these steps, you can ensure a secure and comfortable retirement for your parents.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Asked on - Dec 21, 2024 | Answered on Dec 21, 2024

Dear Sir I appreciate your time. Could you please recommend some Equity Mutual Funds and Debt Mutual Funds i can invest in? Since I am new to this, i dont know how to go about with it. Secondly, do i need to open a Dmat account to invest, or is my regular NRO account okay? Or maybe NRE account? For the TAX but, how do j go about with registering myself? And do i need a financial advisor to help me with it? Thank you

Ans: Thank you for reaching out. Here’s how you can begin:

Mutual Fund Recommendations
Equity Funds: Large-Cap, Flexi-Cap, Mid-Cap/Small-Cap for growth and diversification.
Debt Funds: Short-Term Debt Fund, Corporate Bond Fund for stability.
Account & Tax
Use your NRE or NRO account; no Demat account needed.
Register for tax compliance and declare NRI status when investing.
Guidance
A CFP and MFD can help select funds, manage compliance, and simplify investments. Contact MFD or CFP like us for tailored advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 20, 2024Hindi

Money

I am a 40 year old male married with no kids working in an IT company, my current portfolio consist of 1 apartment in Bangalore (home loan is completed), 1 site in my hometown worth 1 Cr, 8 lakh in SGB, 6 lakh in stocks, 6 lakh in ppf, 26 lakh in PF, 3.5 lakh in NPS In order to retire comfortably at the age of 50 i want to invest in such a way that my monthly income/pension should be 2.5 lakh Please provide some financial advice to me to achieve my goal.

Ans: You have a solid starting point with your existing portfolio. However, achieving your goal of Rs. 2.5 lakh monthly income at retirement will require meticulous planning and disciplined investing. Here's a detailed roadmap tailored to your needs.

Assessing Your Current Portfolio
Real Estate Assets

One apartment (home loan cleared) provides potential rental income.
A site in your hometown worth Rs. 1 crore is currently a non-productive asset.
Financial Assets

Sovereign Gold Bonds (SGB): Rs. 8 lakh, offering stable interest and appreciation.
Stocks: Rs. 6 lakh in equities for long-term growth.
PPF: Rs. 6 lakh, offering safe and tax-free returns.
Provident Fund (PF): Rs. 26 lakh, providing stability and regular growth.
NPS: Rs. 3.5 lakh, adding to your retirement corpus.
Your total financial assets stand at Rs. 49.5 lakh.

Retirement Goal Analysis
Desired Income: Rs. 2.5 lakh per month or Rs. 30 lakh per year.
Investment Horizon: 10 years until age 50.
Inflation Impact: Adjust the target corpus for inflation to sustain your lifestyle.
Risk Profile: Balance between growth-focused and stable investments.
Recommended Investment Strategy
Step 1: Determine Your Retirement Corpus
For a Rs. 2.5 lakh monthly income, your corpus should sustain withdrawals for 30+ years.
Factor in inflation-adjusted growth to ensure purchasing power.
Step 2: Allocate Current Portfolio Effectively
Utilise Non-Performing Real Estate Assets

Sell the site worth Rs. 1 crore in your hometown.
Invest proceeds into a diversified portfolio for growth.
Avoid retaining illiquid assets without income generation.
Maximise Equity Investments

Increase equity exposure for long-term growth.
Invest in actively managed funds for better performance over index funds.
Regular funds through an MFD with CFP credentials offer professional oversight.
Leverage PPF and PF Contributions

Continue contributions to PPF for safe, tax-free returns.
Retain PF contributions to build a stable retirement corpus.
Optimise NPS Investments

Shift to a higher equity allocation within NPS for better growth.
NPS provides tax-efficient returns and retirement income options.
Step 3: Start a Systematic Investment Plan (SIP)
Monthly SIP Amount: Invest aggressively over the next 10 years.
Fund Selection: Choose equity mutual funds with a proven track record.
Taxation: Equity LTCG above Rs. 1.25 lakh taxed at 12.5%; STCG taxed at 20%.
Step 4: Create a Diversified Portfolio
Equity Mutual Funds

Allocate 60%-70% to actively managed equity funds.
Focus on large-cap, flexi-cap, and mid-cap funds for diversification.
Debt Instruments

Allocate 20%-30% to debt funds for stability.
Include corporate bonds and dynamic bond funds for better yields.
Gold Investments

Retain existing SGBs for stability and hedge against inflation.
Emergency Fund

Maintain 6-12 months of expenses in liquid funds or fixed deposits.
Step 5: Increase Income Generation from Existing Assets
Rental Income
Rent out your apartment in Bangalore for additional cash flow.
Use rental income to supplement SIP investments.
Key Considerations
Taxation and Efficiency
Keep your tax liability in mind while planning withdrawals.
Diversify investments to optimise post-tax returns.
Periodic Review of Investments
Monitor portfolio performance regularly.
Rebalance asset allocation based on market conditions.
Seek guidance from a Certified Financial Planner for fine-tuning.
Final Insights
Your goal of Rs. 2.5 lakh monthly income is ambitious but achievable. Selling non-performing assets and investing aggressively will create a strong retirement corpus. Maintain discipline in SIP contributions and periodically review your investments. With this approach, you can enjoy financial freedom at 50.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 20, 2024Hindi

Money

I have a debt of 1 crore 15 lakhs with rate of interest 8.6 % and I can pay 10 lakh yearly in addition to my EMI's. Is it better to invest those 10 lakhs in SIP or Pre-pay my loan and clear debt or wait till the SIP matures and use that lump sum to pay the loan?

Ans: You are in a financially challenging yet manageable situation. The right decision will depend on a careful assessment of your goals and circumstances. Here's a detailed evaluation of the two options: prepaying your loan versus investing in SIPs.

Key Factors to Consider
Interest Cost on Loan

Your loan interest rate of 8.6% is substantial.
The interest cost accumulates if the loan tenure is long.
Prepaying can save interest and reduce loan tenure.
Potential SIP Returns

SIPs in actively managed equity mutual funds can yield 10%-12% annually over the long term.
The returns are market-linked and not guaranteed.
Market volatility impacts short-term results.
Liquidity Needs

Prepaying reduces debt but locks funds.
SIPs provide liquidity for emergencies or goals.
Tax Implications

No tax benefit for loan prepayment beyond the Rs. 2 lakh interest deduction in housing loans (if applicable).
SIP investments in equity mutual funds have specific capital gains tax rules.
Benefits of Loan Prepayment
Lower Interest Burden

Immediate reduction in the interest portion of EMI.
Reduces overall debt faster.
Psychological Relief

Eliminates financial stress of a high loan.
Provides peace of mind with reduced liabilities.
Guaranteed Savings

Savings on interest is assured and risk-free.
Benefits of SIP Investment
Potential Wealth Creation

Long-term equity SIPs can outpace loan interest rates.
Compounding benefits enhance returns over time.
Flexibility

SIPs offer systematic withdrawal plans for liquidity.
Funds remain accessible during emergencies.
Diversification

Investments grow alongside other assets, increasing net worth.
Assessing the 360° Perspective
Debt and Emotional Comfort

A Rs. 1.15 crore debt can cause financial and emotional strain.
If reducing stress is your priority, prepayment is preferable.
Investment Risk Appetite

SIPs suit those willing to accept market volatility for higher returns.
If you dislike risk, prioritize prepayment.
Long-Term Financial Goals

Use SIPs for retirement, children’s education, or other life goals.
Prepaying helps if clearing debt is your primary focus.
Income Stability

Regular income supports SIPs without disrupting EMI payments.
Uncertainty in earnings favors prepayment.
Tax Considerations in Detail
Loan Prepayment

Offers no additional tax benefits after claiming the Rs. 2 lakh housing loan interest deduction.
SIP Investment

Gains above Rs. 1.25 lakh in equity funds are taxed at 12.5% (LTCG).
Short-term gains are taxed at 20%.
Debt funds are taxed as per your income slab.
Hybrid Approach: The Best of Both Worlds
Split the Rs. 10 lakh yearly allocation into two parts.

Use Rs. 5 lakh to prepay the loan.
Invest the remaining Rs. 5 lakh in SIPs.
This strategy balances debt reduction and wealth creation.

Reduces debt steadily.
Allows market participation for higher returns.
When to Prioritise Loan Prepayment?
If you prefer guaranteed savings over potential market returns.
When nearing retirement and aiming for a debt-free life.
If financial stress is affecting your well-being.
When to Prioritise SIP Investments?
If you are comfortable with market fluctuations.
When your income can comfortably handle EMIs.
If long-term wealth creation is a key goal.
Key Recommendations for SIP Investments
Actively Managed Equity Funds

Seek funds with a consistent track record.
Regular plans via an experienced CFP provide expert guidance.
Avoid Index Funds

Actively managed funds outperform index funds in volatile markets.
Index funds lack flexibility and personalization.
Use Regular Funds Through an MFD

Avoid direct plans as they lack personalized advice.
MFDs with CFP credentials help in fund selection and monitoring.
Benefits of Splitting Investments
Balances debt reduction and growth.
Provides flexibility if circumstances change.
Reduces risk from overexposure to one strategy.
Final Insights
The decision depends on your priorities and risk tolerance. If reducing debt quickly offers peace of mind, prepay the loan. If long-term wealth creation aligns with your goals, consider SIPs. A hybrid approach balances these objectives effectively.

You are taking proactive steps toward financial freedom. Your disciplined approach ensures a secure financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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

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