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Kanchan

Kanchan Rai  |187 Answers  |Ask -

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
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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.

You may like to see similar questions and answers below

Anu

Anu Krishna  |857 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 21, 2022

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 Hi Anu Mam, I am married for 4 and half years now and have a 3 YO daughter. It was an arranged marriage and the families were not familiar before.My husband started behaving very rude to me since my delivery. He verbally abused me a lot and finally I felt something was not right and opened up to my parents, that I cannot live with him, after 3 years of the marriage.My parents supported me and took care of my daughter and me for a year, after which my husband's family convinced me to move back in with him. When I came back to him I realised he has been cheating on me with his colleague since before my delivery. When I probed the issue further, without his knowledge, I got to know that he was a polygamous person for 10 years before marriage. And this shook me. I also got to know he is meeting one of his female friends after work hours, lying to me. He used to lie to me that he's going out for work and talk to his other female friend on phone for an hour or so, once every 2-3 days.He watches porn every day.I slowly realised he was just exploiting me for his physical needs.Our relationship turned cold within 3 months of restarting it.I was not happy being with him. I knew he was still cheating me, but he never obliged when I confronted.I could not let him even touch me.Finally, out of his frustration, he physically attacked me in front of our daughter, tried to strangulate my throat, but by god's grace I could save myself.That day, 30th of August 2021, I left that place with my daughter and came back to my parents.I filled a domestic harassment complaint against him, for which we're attending counselling sessions now.I cannot think of a life with him anymore.I have made up my mind to file an FIR against him soon.I must say I'm at peace now.But I still have a lot of anguish whenever those thoughts cross my mind. Is there a way where I can make peace with my past?
Ans:

Dear VT,

Physical abuse is an absolute NO and so is emotional abuse. I am glad that you have decided to end this misery for yourself and your daughter.

Please proceed with the FIR and also seek help on filing divorce if that is something that you have considered.

On the emotional part of it, it will take a toll on you and your health as you are unprepared at this moment. So start by:

1. Visualizing your life without him by your side

2. Working out granular details like finances and where you will live

3. Chalking out a plan of how your daughter will be cared for if you choose to start working

4. Listing down which close family member will be by your side (emotionally) always

As daunting as this may seem, it is possible to be in a space of strength which you already have experienced and move ahead to a better life.

And as you do this, do remember that you are important, so take care of your thoughts and feelings as well.

  • Spend time in Nature observing and appreciating
  • Surround yourself with people and friends who care and love you unconditionally
  • Exercise and eat well
  • Pamper yourself by caring for your physical appearances
  • Do what you love every day at least for 30 minutes

Situations maybe tough to handle but building strength within at the right time is what is the need of the hour.
I wish you the best in life always.

..Read more

Anu

Anu Krishna  |857 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 04, 2022

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Hi Anu, 3 years before marriage I was in a relationship with someone who asked for my hand for marriage and I was impregnated by him but he went away leaving me devastated. This incident is somehow known to my husband after 1.5 years of our marriage. At the same time a girl in his office proposed him knowing that he is married and my husband is getting attached to her. He is always talking to her romantically and justifying his affair from my past mistake and it makes me mentally and physically very weak. He is very rude. How to handle the situation since both our families are involved and are not letting us to get divorced also.
Ans:

Dear Anonymous,

I understand that he is hurt but how convenient! Things happen, like the way it happened to you before marriage.

But to use that as an excuse to have an affair is very convenient. He needs to look at the situation for what it is now and work with that.

It’s great that the families are involved. The elders in the family can now act as a good mediator to bring the two of you to the discussion table.

Your husband possibly is hurt from your situation before your marriage.

Keeping these kinds of things can draw a wedge in the marriage. He now needs to recover from that before he can be a husband to you in the marriage.

When he found out, how did you deal with it?

That is very crucial to understand as all his actions are stemming from the fact that the situation is unresolved in the mind, and he feels victimized and turns to another woman to feel some sense of normalcy.

As much as it seems disturbing and inappropriate, the fact that it was hidden from him is disturbing him.

So, work with this and as families let this be handled delicately, so that he begins to trust you all over again.

Till then be patient…

All the best!

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Anu

Anu Krishna  |857 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 27, 2022

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Dear Anu,I want a solution for my problem that is the result of my imagination (probably).My husband would travel along with his two office team mates in his car daily.One male and one female.The male member met with an accident and the lady continued going with my husband. I developed a fear and some sort of insecurity about the two of them. Things started becoming worse day by day. Regular fights, arguments have become a daily routine. I just wanted him to stop travelling with that Lady but he couldn't oblige to it saying it will hurt his image in office. I couldn't tolerate it and made a call (though caught by husband) to that lady. She understood my problem and stopped going with him.His other team mates started asking the reason for the same. He couldn't digest it and even beaten me. He also started consuming alcohol just to abuse me and shout at me.I convinced that lady to start travelling again with himThen somehow he accepted me.I do understand the things but still I feel he had cheated upon me. I feel lonely and helpless PS
Ans:

Dear PS,

This is an unfortunate turn of events for a situation that needed an open communication between the two of you.

Now, why you were insecure or why your husband didn’t want to see your perspective is anybody’s guess! But nothing justifies his beating you.

And as for his alcohol consumption, it his choice to weaken his senses even further and not wanting to face the situation at hand. And it makes no sense whatsoever when you say that after the lady started to travel with him, he accepted you.

Why does he need another person to step in to accept you? This all points more as a thing that your husband needs to work on.

Possibly he is dealing with more insecurity than you are and hence this behaviour from him. Of course, I cannot judge him without knowing his version of the story, but if you want to get past this, it’s time to have that open communication; involve a third person who will be neutral to mediate and bring in some much-needed perspectives into your relationship.

All the best and be strong!

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Anu

Anu Krishna  |857 Answers  |Ask -

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

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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!

..Read more

Ravi

Ravi Mittal  |191 Answers  |Ask -

Dating, Relationships Expert - Answered on Jan 08, 2024

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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!

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - Apr 27, 2024Hindi
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I am 68 year, getting pension 60000 /month with CGHS facilities. I invested Rs 3000000 as FDs in Small Finance bank @ 9% interest and 3500000 in SCSS and PMVVY scheme. I have no other liabilities at present. Kindly suggest / guide me for investment please.
Ans: ! It's great to see you actively managing your finances even in retirement. Let's explore some investment options to optimize your returns and secure your financial future further.

Current Investment Assessment
Your current investments in Fixed Deposits (FDs), Senior Citizen Savings Scheme (SCSS), and Pradhan Mantri Vaya Vandana Yojana (PMVVY) offer stable returns and capital preservation, which is suitable for retirees seeking income stability and safety.

Diversification Opportunity
While FDs, SCSS, and PMVVY provide security, considering diversification into other asset classes can enhance your overall portfolio growth potential. Exploring options like mutual funds, bonds, and dividend-paying stocks can offer higher returns while maintaining a balanced risk profile.

Tax Efficiency
Optimizing tax efficiency is crucial to maximize your post-tax returns. Investing in tax-efficient instruments like Tax-Free Bonds, Equity Linked Savings Schemes (ELSS), and tax-saving mutual funds can help minimize tax liabilities while generating attractive returns.

Portfolio Rebalancing
Regularly reviewing and rebalancing your investment portfolio ensures alignment with your financial goals and risk tolerance. Assessing the performance of your existing investments and reallocating funds based on changing market conditions and personal circumstances can optimize returns and mitigate risk.

Consultation with a Financial Advisor
Seeking guidance from a qualified financial advisor can provide personalized investment recommendations tailored to your specific needs and objectives. They can help assess your risk tolerance, suggest suitable investment strategies, and monitor your portfolio's performance to ensure it aligns with your long-term goals.

Contingency Planning
While focusing on investments, it's essential to prioritize contingency planning. Maintaining an emergency fund equivalent to 6-12 months' worth of expenses ensures financial security during unexpected events or emergencies.

Conclusion
Your prudent approach towards investment and financial planning is commendable. By diversifying your portfolio, optimizing tax efficiency, and regularly reviewing your investments with the guidance of a financial advisor, you can further enhance your financial well-being and enjoy a worry-free retirement.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 15, 2024Hindi
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Hi Sir, I am 46 years old and yeI have created 30 lakh corpus. Currently my take home salary is 1.4 lakh per month. I am investing 12500 per month in ppf . 5000 in Nps tier 1 and 1000 in nps tier 2 account. 20 K SIP in Mf. Like SBI balance fund 5000,Tata digital 5000, Nippon larg cap 2000, Motilal Oswal midcap 2000,Quant small cap 5000 and recently added Quant psu 1000. And some amount in invested lic yearly. also have 65 lakh medical cover for my family's. I have plan my retirement at the age of 55 . Can i Growup my corpus 1.5 CR at the time of retirement and get atleast 1lakh monthly for expenses. My another question is I investigated 8.5 lakh in direct stock(20) since 2021 for 10 years and get arround 20% return from last 3 years. Should I continue this or exist from the direct stock and invested this amount in MF. Please guide. My wife is already working in private school and his salary is 20k pm. Please guide
Ans: It's great to see your proactive approach towards financial planning and investment. Let's delve into your retirement and investment goals to ensure you're on track to achieve financial security and growth.

Retirement Planning Analysis
Planning to retire at 55 with a target corpus of 1.5 crores and a monthly expense requirement of 1 lakh is an ambitious yet achievable goal. Let's assess your current investments and savings to determine if they align with your retirement objectives.

Current Investment Portfolio Evaluation
Your investment portfolio exhibits a diversified mix of instruments, including PPF, NPS, mutual funds, LIC, and direct stock holdings. This diversified approach spreads risk and maximizes growth potential, aligning with your long-term financial goals.

Growth Projection and Retirement Corpus Target
To achieve a retirement corpus of 1.5 crores by 55, we'll need to assess your current savings rate, investment returns, and inflation impact. Utilizing retirement calculators and financial modeling can help determine the required monthly contributions and investment growth rate to meet your target.

Investment Strategy Review
Given your successful track record with direct stock investments and the robust performance with a 20% return over the past three years, continuing this strategy can be beneficial. However, it's essential to periodically review and rebalance your portfolio to optimize returns and mitigate risk.

Asset Allocation and Risk Management
Maintaining a balanced asset allocation across equity, debt, and other asset classes is key to managing risk and achieving long-term growth. Regularly monitoring market conditions and adjusting your portfolio accordingly can help capitalize on opportunities and minimize downside risk.

Importance of Contingency Planning
While focusing on retirement planning, it's crucial to prioritize contingency planning, including emergency funds, health insurance coverage, and estate planning. Adequate medical coverage for your family and an emergency fund provide financial security during unexpected events.

Consultation with a Certified Financial Planner
Engaging with a Certified Financial Planner can provide personalized guidance and strategies tailored to your financial goals and risk tolerance. They can help optimize your investment portfolio, assess retirement readiness, and navigate any financial challenges along the way.

Conclusion
With careful planning, disciplined savings, and strategic investment decisions, achieving your retirement goal of a 1.5 crore corpus by 55 is attainable. Continuing your direct stock investments alongside mutual funds can diversify your portfolio and enhance long-term growth potential. Consulting with a Certified Financial Planner will provide valuable insights and ensure you stay on track towards financial independence.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 15, 2024Hindi
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I m 45 having 6cr in stocks , fd etc . I earn 10 lacs per month , no debt but have two kids study to look into . When can I retire
Ans: Retirement Planning Analysis
Congratulations on achieving significant financial success and maintaining a debt-free status! Let's evaluate your retirement readiness considering your current assets, income, and responsibilities towards your children's education.

Current Financial Status
With assets totaling 6 crores in stocks, fixed deposits, and other investments, coupled with a monthly income of 10 lacs, you're in a strong financial position. However, retiring involves careful planning to ensure sustainable income and lifestyle maintenance post-retirement.

Responsibilities towards Children's Education
As a parent with two children pursuing studies, it's essential to allocate sufficient funds towards their education expenses. Determining the estimated cost of their education and factoring in inflation will help you plan effectively without compromising your retirement goals.

Retirement Age Projection
To ascertain when you can retire comfortably, we'll need to analyze your desired retirement lifestyle, expected expenses, and investment returns. A retirement calculator can help estimate the corpus required to sustain your lifestyle post-retirement based on your anticipated lifespan and inflation-adjusted expenses.

Retirement Corpus Assessment
Given your substantial assets and income, retiring early may be feasible, provided you have a robust retirement corpus to sustain your lifestyle and cover unforeseen expenses. Assessing your risk tolerance and investment horizon will aid in determining an appropriate asset allocation strategy for your retirement portfolio.

Retirement Planning Strategies
Optimizing tax-efficient investment vehicles like retirement funds and annuities can enhance your retirement savings while minimizing tax liabilities. Additionally, diversifying your investment portfolio across asset classes can mitigate risk and maximize returns, ensuring a stable income stream during retirement.

Consultation with a Certified Financial Planner
Engaging with a Certified Financial Planner can provide personalized retirement planning advice tailored to your financial objectives and risk profile. They can help formulate a comprehensive retirement strategy, including asset allocation, withdrawal strategies, and contingency planning, to ensure a smooth transition into retirement.

Conclusion
Your sound financial standing and prudent approach towards debt management lay a solid foundation for a comfortable retirement. With careful planning, disciplined savings, and strategic investment decisions, you can retire on your terms and enjoy financial freedom while securing your children's future.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 15, 2024Hindi
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I am 36 year old public sector bank employee in a small bank, working as officer. Each month I am investing Rs. 15K in Recurring Deposit, SIP of Rs. 12K in Mutual funds ( 2K each in Kotak equity hybrid, ICICI Bluechip, Edelweiss Balance Advantage, Nippon gold savings fund, ICICI Value discovery, P Pareikh Flexi Cap), Rs. 4 K in Sukanya Samriddhi. I am NPS optee. I have taken 60 Lacs HBL recently. My daughter is now 1.3 years old. I have a cumulative savings of Rs. 17 Lacs till date in form of Fixed Deposits. Will these be sufficient for my daughter's Higher Education 20 years down the line?
Ans: Planning for Your Daughter's Higher Education
Firstly, congratulations on taking proactive steps towards securing your daughter's future education! Let's assess the adequacy of your current savings and investments to meet her educational expenses 20 years from now.

Evaluation of Existing Investments
Your investment approach demonstrates a mix of conservative and growth-oriented instruments, catering to short-term liquidity needs (Recurring Deposit), long-term wealth accumulation (Mutual Funds, Sukanya Samriddhi), and retirement planning (NPS). It's a well-rounded strategy considering your risk tolerance and financial goals.

Impact of HBL on Financial Planning
The recent home loan of 60 Lacs adds a significant financial commitment to your portfolio. While it's a milestone achievement in securing a home for your family, it's crucial to consider its impact on your monthly cash flows and ability to save and invest for other goals, including your daughter's education.

Assessment of Higher Education Expenses
Forecasting higher education costs 20 years ahead involves considering inflation and the type of institution your daughter might attend. Assuming a conservative inflation rate of 6-7%, the cost of education is likely to increase substantially. It's essential to estimate these future expenses accurately to plan effectively.

Adequacy of Current Savings
With a cumulative savings of 17 Lacs in fixed deposits and ongoing investments in various instruments, your savings trajectory is commendable. However, to determine if it's sufficient for your daughter's education, we need to calculate the future value of your investments considering their growth potential and inflation impact.

Future Investment Strategy
Given your investment horizon of 20 years, continuing systematic investments in growth-oriented instruments like mutual funds is prudent. However, periodically reviewing and adjusting your investment allocations based on changing life circumstances, market conditions, and financial goals is crucial to stay on track.

Contingency Planning
In addition to education planning, it's essential to build an emergency fund to cover unforeseen expenses and mitigate financial risks. Allocating a portion of your savings towards this fund ensures financial stability and peace of mind during challenging times.

Conclusion
While your current savings and investments lay a solid foundation for your daughter's education, it's essential to regularly review and recalibrate your financial plan to adapt to evolving circumstances. Consulting with a Certified Financial Planner can provide personalized guidance and strategies to optimize your financial journey and achieve your goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 15, 2024Hindi
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I am 59 and my retirement is at 60. I already withdrawn 3 times from my PF account for Education and others. At 59, can I go for another withdrawal (as per one year before retirement policy). Do I need to get certificate from my company for 60 years retirement age ?
Ans: With partial withdrawals from your PF account already done, and considering you're 59 and nearing retirement at 60, here's what you need to know about another withdrawal:

Partial Withdrawal Policy: The one-year before retirement policy for partial withdrawal applies to full withdrawals, not necessarily partial ones.
Current Regulations: Generally, after five years of service, you can make a partial withdrawal for specific reasons (medical, children's education, etc.). However, the specific rules and limitations can vary depending on your organization and the latest EPF regulations.
Here's what you can do:

Check Your Employer: Contact your HR department or the official managing your PF account. They can provide the most up-to-date information on your specific situation and eligibility for partial withdrawal.
Review EPF Withdrawal Rules: The EPFO (Employees' Provident Fund Organisation) website (https://www.epfindia.gov.in/) offers resources on PF withdrawals. Familiarize yourself with the current regulations.
Certificate for Retirement Age:

Not Usually Required: In most cases, your employer should have your retirement age documented in your service records. A separate certificate might not be necessary for your final PF withdrawal at 60.
Planning for Retirement:

Since you're close to retirement, consider these steps:

Calculate Retirement Needs: Estimate your monthly expenses to determine the required corpus for your golden years.
Review Other Retirement Savings: Factor in any other retirement savings you might have (pension, personal investments) for a holistic picture.
Consult a Financial Advisor: A professional can help you plan your post-retirement finances and ensure a smooth transition.
Remember, accurate information about your specific PF withdrawal options comes from your employer or the EPFO website.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

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I have monthly SIP 5K each in in Parag parikh flexi cap, Hdfc flexi cap, Nippon smal cap, ICICI value discovery , ABSL digital, DSP health care, ICICI banking, UTI next 50, motilal fund of fund
Ans: As a Certified Financial Planner, I appreciate your commitment to systematic investing through SIPs across various mutual fund categories. Let's delve into a comprehensive evaluation of your portfolio to ensure it aligns with your financial goals and risk appetite.

Diversification Assessment
Your portfolio exhibits a diversified mix across multiple fund categories, which is commendable. It encompasses flexi cap, small cap, value discovery, thematic, sectoral, and index funds. This diversification strategy spreads risk and maximizes potential returns.

Analysis of Fund Selection
Each fund category serves a specific purpose in your portfolio. Flexi cap funds offer flexibility to invest across market capitalizations, capturing growth opportunities efficiently. Small cap funds have the potential for high growth but come with increased volatility, suitable for long-term investors with a higher risk tolerance.

Value discovery and thematic funds provide exposure to undervalued stocks and emerging sectors, respectively, contributing to alpha generation. Sectoral funds like healthcare and banking focus on specific industries, offering targeted exposure and potential for outperformance during sectoral upswings.

Sectoral funds focus on one industry, so they're like putting all your eggs in one basket. If that industry struggles, your whole investment can suffer. They also tend to be more volatile than diversified funds. Consider a broader mix for a more balanced approach.
Active vs. Passive Management
While passive index funds and ETFs have gained popularity for their low costs and broad market exposure, your portfolio emphasizes actively managed funds. Actively managed funds offer the advantage of professional fund management, allowing active decisions to capitalize on market inefficiencies and generate alpha.

Importance of Regular Funds
Investing through a Certified Financial Planner can provide access to regular funds, which offer personalized advice, portfolio monitoring, and rebalancing. This approach ensures informed investment decisions tailored to your financial objectives, compared to direct investing, which may lack professional guidance and discipline.

Monitoring and Rebalancing Strategy
Regular portfolio review is essential to ensure alignment with changing market dynamics and your evolving financial goals. Periodic rebalancing maintains the desired asset allocation, mitigating risk and optimizing returns over the long term.

Conclusion
Your investment portfolio reflects a well-thought-out strategy with diversification across various mutual fund categories. Emphasizing actively managed funds and leveraging the expertise of a Certified Financial Planner can enhance portfolio performance and mitigate risk effectively.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 15, 2024Hindi
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I am a 31 year old Male. Currently, my salary is around 18 lac post deductions (Tax + 7% ESPP). I have an education loan of 40 lac with 12.75% floating interest (70k monthly EMI) which needs to be cleared in next 10 years. I will get a tax rebate on the interest paid for another 5 years. This reduces my actual ROI around 9%. My question is if it is worth it to prepay the loan (in < 5 or
Ans: Deciding whether to prepay your education loan depends on several factors, but here's a breakdown to help you assess your situation:

Arguments for Prepaying the Loan:

Save Money on Interest: Even with a reduced ROI of 9%, prepayment can save you a significant amount on total interest paid over the loan tenure.
Become Debt-Free Faster: Prepaying reduces your loan tenure, helping you achieve financial freedom sooner.
Peace of Mind: Eliminating a large monthly EMI can provide psychological relief and improve your financial well-being.
Arguments Against Prepaying the Loan:

Reduced Liquidity: Prepayment reduces the money available for other investments or emergencies.
Potential for Higher Returns: Investing the prepayment amount elsewhere might generate higher returns than the loan's interest rate (if invested wisely).
Tax Benefit Expiration: Once the tax rebate on interest ends after 5 years, the effective interest rate will rise to 12.75%.
Here are some additional factors to consider:

Your Risk Tolerance: Are you comfortable investing the prepayment amount in potentially higher-risk assets?
Emergency Fund: Do you have a sufficient emergency fund to cover unexpected expenses?
Future Financial Goals: Do you have any short-term or long-term financial goals that require the prepayment amount?
Consulting a Certified Financial Planner (CFP) is recommended. They can help you:

Analyze Your Finances: Assess your income, expenses, investments, and risk tolerance.
Create a Financial Plan: Develop a personalized plan considering your loan, investment options, and future goals.
Calculate Prepayment Benefit: Quantify the potential interest savings from prepayment.
Here's a possible approach:

Continue with EMI payments: Ensure timely payments to maintain a good credit score.
Invest a Portion of Savings: Consider investing a portion of your surplus funds in diversified assets for potentially higher returns.
Evaluate Prepayment After 5 Years: Once the tax benefit on interest ends, recalculate the effective interest rate and assess if a lump sum prepayment becomes more attractive.
Remember: There's no one-size-fits-all answer. A CFP can provide personalized guidance based on your specific circumstances.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 07, 2024Hindi
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Respected everyone I invested in multiple mutual funds around 5 - 10 thousand but didn't continue. My age is 44 please suggest which mutual fund is the best for SIP doesn't matter for long period.
Ans: Selecting Mutual Funds for SIP at Age 44: Long-term Perspective
Investing in mutual funds via SIP is a prudent strategy for wealth accumulation, especially when considering long-term financial goals. Let's explore suitable mutual fund options for SIP investing, considering your age and the desire for long-term growth.

Investment Horizon and Risk Tolerance
At 44, with a longer investment horizon ahead, it's crucial to balance growth potential with risk tolerance. While you may have a moderate risk appetite, your focus on long-term growth allows for a diversified portfolio with exposure to equities.

Mutual Fund Selection Criteria
Diversification: Opt for mutual funds that offer diversification across sectors, market capitalizations, and investment styles. This helps mitigate risk and capture opportunities across different segments of the market.

Consistent Performance: Choose funds with a track record of consistent performance relative to their benchmarks and peers. Look for funds managed by experienced fund managers with a proven investment strategy.

Expense Ratio: Consider funds with a reasonable expense ratio, as lower expenses can significantly impact long-term returns. Focus on the net returns generated by the fund after deducting expenses.

Recommended Mutual Funds
Large-cap Equity Funds: These funds invest in well-established companies with a track record of stable performance. They offer stability to the portfolio while providing growth potential over the long term.

Multi-cap or Flexi-cap Funds: These funds have the flexibility to invest across market capitalizations, allowing them to capitalize on opportunities across the market spectrum. They offer a balanced approach to growth and risk.

Balanced Advantage Funds: These funds dynamically manage asset allocation between equities and debt based on market conditions. They offer downside protection during market downturns while participating in equity market upswings.

Professional Guidance
Consulting a Certified Financial Planner can provide personalized advice tailored to your financial goals, risk tolerance, and investment horizon. They can help you select mutual funds aligned with your objectives and monitor your portfolio's performance over time.

Conclusion
Investing in mutual funds via SIP for the long term is a prudent strategy to achieve your financial goals. By selecting diversified funds with consistent performance and seeking professional guidance, you can build a robust investment portfolio that grows steadily over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2222 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - May 07, 2024Hindi
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I am 28 years old. I have a salary of 75k, out of which 8k invested in EPF, 10k invested in Small cap(6k) and Mid cap(4k) Mfs as monthly SIP (started SIP in month of April 2024). My monthly expense is 30k. Currently I have 4L invested in EPF and 20k invest in MFs. I want to build a corpus of 1cr in next 10 years and build on that. Should I diversify my investment or increase my investment in current instuments.
Ans: Building a Corpus of 1 Crore in 10 Years: Investment Strategy
At 28, with a stable income and a clear financial goal of accumulating a corpus of 1 crore in the next 10 years, it's crucial to formulate a robust investment strategy. Let's evaluate your current investments and explore options to achieve your target corpus.

Current Investment Analysis
EPF Contributions: Your EPF contributions provide a foundation for long-term wealth accumulation with their tax benefits and compounding effect over time. With 4 lakhs already invested, your EPF contributions can significantly contribute to your corpus building.

Small-cap and Mid-cap SIPs: Investing 10k monthly in small-cap and mid-cap mutual funds through SIPs demonstrates your willingness to take on higher risk for potential growth. These funds have the potential to deliver superior returns over the long term but come with increased volatility.

Strategies for Corpus Building
Increase SIP Contributions: Given your age and investment horizon, increasing your SIP contributions can accelerate your wealth accumulation. Consider gradually increasing your SIP amounts in small-cap and mid-cap funds to capitalize on their growth potential.

Diversification: While small-cap and mid-cap funds offer growth opportunities, diversifying your portfolio with investments in large-cap and multi-cap funds can help manage risk. Consider allocating a portion of your investments to these funds to achieve a balanced portfolio.

Additional Investment Avenues: Explore other investment avenues like Public Provident Fund (PPF), National Pension Scheme (NPS), or Equity Linked Savings Scheme (ELSS) for tax-efficient wealth accumulation. These options offer tax benefits along with potential returns.

Professional Guidance
Consulting a Certified Financial Planner can provide personalized guidance tailored to your financial goals, risk tolerance, and investment horizon. They can help you optimize your investment portfolio and make informed decisions to achieve your target corpus.

Regular Review and Adjustment
Periodically review your investment portfolio's performance and make necessary adjustments based on changes in market conditions, financial goals, and risk tolerance. Regular monitoring ensures that your portfolio remains aligned with your objectives.

Conclusion
To achieve your goal of building a corpus of 1 crore in 10 years, it's essential to adopt a balanced approach to investment by diversifying your portfolio and increasing your SIP contributions. Seeking professional guidance and regularly reviewing your portfolio are key to realizing your financial aspirations.

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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