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Anu

Anu Krishna  |1600 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 05, 2024

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
Asked by Anonymous - May 19, 2024Hindi
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Relationship

Hello Guru g, I am a merchant Navy professional, I have just married, But things in my family were not good before my marriage and after marriage the things are same , like fights of my mother with my grandmother, my father and mother fights, there is a toxic environment in my house, my time I have tried to neutralise the things but I can't change them it's in there basic nature, I don't want to live anymore with my parents, because in Village people all-around fill their minds with different things and they bing it to our house , because some people here can't see us growing, so I have decided that I will not live here, Then I left with two options either I move to city or go abroad, of I choose the first one then how would I convince my parents to go to city with them, what should I tell them so that they also didn't get hurt and allow me to take this step and also how can I find a good society because we are newly married couple and security is my main concern because I am very afraid of cities because there criminal activities are more than villages , and If I choose the 2nd option then I have to spend a lot of money but I wanted to do business in India because there is a lot of scope here and expenses to live a life is less here, so kindly help me take decision, I will be very thankful to you .

Ans: Dear Anonymous,
You don't prefer the 'toxicity'!
You are afraid of big cities as criminal activities are more than the cities!
Your parents may not move in to the city but you also find the environment they are in toxic!
You feel some people can't see you growing!
You don't prefer going abroad as you want to business in India!

Can you see how you have restricted yourself? This is called having a dream BUT clipping one's own wings. How can you make a decision when there are so many self-imposed constraints?
I suggest:
- Drop down all the options possible
- List down the pros and cons of each
- Choose the one that is financially viable
- Let your parents choose where they want to live

You have just started your family life; focus on what's best from a growth perspective...take decisions that help your marriage and career grow...And oh, you can choose to see the crime in the city OR you can choose to see opportunities...where is your focus?

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Anu

Anu Krishna  |1600 Answers  |Ask -

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

Asked by Anonymous - Nov 16, 2024Hindi
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Relationship
Hi maam. I am a doctor and i am in relationship with a solider. We are very happy. But i told my family.. My family is not ready to accept him. As my both parents are lawyers and am doctor. My parents are very much concerned about there social status and want me leave this relationship anyhow for them and marry a guy of there choice. They have huge problem as he is normal solider not a officer ranked person. .... I tried to convice them. Alot.. But now both my parents started called me bad words and trap me like if i leave them and go they will suicide... Daily they calls me and tell that it will never happen. And if u leave ur parents for him they will commit suicide. Recently my dad is acting or actually he have i dont know... He does like a pyschotic person and told he feels like commiting suicides. He told because an doing lke this he feel pyachotic probome. Now he is on medication. And he is planning to do voluntart retirement as he is not able to work. He keep telling all this is because of my relationship and i want to marry my partner Both my mother and father is continuously telling no to my relationship and if i leave them they will suicide. They told me they don't care about how hard it will be for me to leave but somehow to leave amd save ur family I dont know. I am not able to leave my relationship Nor not able to makemy parents suffer I feel really frustrated
Ans: Dear Anonymous,
Being lawyers and then behaving immaturely is something that shocks me. But well, emotions can have different shades, right?
I do not subscribe to emotional blackmail which is what your parents are subjecting you to.
Social status difference is something that parents do worry about for their children. It's an age-old conditioning and hard for them to change.
Now let me ask you:
Besides loving this person (soldier), what are those qualities in him that can actually put your parents' mind at ease?

This is what you must be thinking of as challenging their conditioning is going to be of no use. Instead, find out what can actually appeal to them about him. It's about addressing all their concerns so that they feel that their daughter will never face any difficulties in future. Parents do what they can for their children and stepping into marriage is a huge responsibility for them. So, shift their focus onto his good qualities etc. Let the boy also make his effort to bond with your family. It takes time and a lot of effort; do just that!

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

..Read more

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Ramalingam

Ramalingam Kalirajan  |8342 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2025

Asked by Anonymous - May 13, 2025
Money
Greetings!!!! I am 43 years Old, I had started 10k per month TATA AIA SIP in previous year for total 7years Plan. I want to education plan for my 1 kid who is 6 years old now. Please advice and guide me about more investments plan, as i am still confused about future growth and any plan for my wife age 38years.
Ans: You're at a critical financial stage. Planning for your child’s education and securing your family’s future are both top priorities. You've already started a ULIP, which is a start. But let’s take a deeper 360-degree view of your situation.

Below is a detailed plan, broken into simple sections for better clarity.



Assessment of Your Current ULIP Investment

You're investing Rs. 10,000 per month in a 7-year ULIP.



ULIPs mix insurance with investment. That reduces the growth power of your money.



Charges like premium allocation, fund management, and mortality charges reduce returns.



Your actual invested amount is much lower in the first few years.



ULIPs have limited flexibility in fund switching and partial withdrawal rules.



Maturity benefits are taxed if the annual premium exceeds Rs. 2.5 lakh. Be cautious of this.



A ULIP is not ideal for education goals or long-term wealth building.



As a Certified Financial Planner, I suggest surrendering this policy and moving funds to mutual funds.



You can continue till 5 years to avoid surrender charges if already started.



But do not renew after the 7-year term. Don't increase contributions in this ULIP.



Planning for Your Child’s Higher Education

Your child is 6 years old. You have around 11-12 years.



College education in India or abroad can cost Rs. 30–60 lakhs or more.



Instead of ULIPs, invest in diversified mutual funds. This will give better inflation-adjusted returns.



Use a mix of large cap, flexi cap and small cap mutual funds.



Start SIPs in these funds with a long-term horizon of 10-12 years.



You may also consider goal-based child education funds that are actively managed.



Don't invest in direct funds. They look cheaper, but don’t offer guidance.



Always invest through a Certified Financial Planner via a regular plan.



Your investment will stay aligned with your goal as the planner will guide with rebalancing.



Use a dedicated SIP only for child’s education goal. Don’t merge it with retirement planning.



Suggested Action Plan for Child’s Education

Shift future contributions from ULIP to SIPs in active funds.



Start with Rs. 20,000 per month SIP only for education.



Review this SIP every year and increase it by 10%-15% annually.



Add lump sums like bonuses or yearly increments into the same goal fund.



In the last 2 years before the education goal, shift to debt funds slowly.



This will protect your accumulated amount from equity volatility.



Investment Plan for Your Wife (Age 38)

She has a long horizon. She can invest for both retirement and her independent needs.



Open a separate mutual fund folio in her name.



Start SIPs in flexi cap, large & midcap, and hybrid funds in regular plans.



You can start with Rs. 10,000 per month and increase gradually.



You may also use her PPF account for additional tax-free corpus.



Avoid investing in gold, insurance policies, or real estate for her.



Ensure she has her own health insurance and a term insurance if she’s working.



If she’s not working, then create an emergency fund in her name.



That gives her independence and safety if she needs cash.



Family Protection with Insurance

You did not mention your term cover. You must have it if not already.



Ideal cover should be 15–20 times your yearly income.



ULIPs or LIC endowment policies should not be considered for protection.



Avoid investment-linked insurance plans. Keep insurance and investment separate.



Review your existing insurance covers. Add riders like critical illness and accident if needed.



Tax Efficient Planning

Use Section 80C wisely. Don’t just rely on ULIP or LIC plans.



Max out PPF, ELSS mutual funds, and children tuition for tax saving.



Invest in actively managed ELSS funds for better returns than ULIPs.



Avoid index funds for tax planning. They may underperform in volatile markets.



Debt funds are taxed as per slab now. Use carefully if short horizon.



Track capital gains if you sell mutual funds. Use new tax rules for equity funds:



  - LTCG above Rs. 1.25 lakh taxed at 12.5%

  

  - STCG taxed at 20%



Plan redemptions well in advance to manage taxes efficiently.



Retirement Planning (For You and Wife)

Start a separate SIP for your retirement corpus. Do not merge with other goals.



You have 17 years for retirement. That’s good for wealth accumulation.



Invest in a mix of actively managed flexi-cap and large-cap funds.



Add hybrid funds to reduce volatility as you near retirement.



Continue EPF, and increase VPF if possible. It is tax-free and safe.



Don't consider NPS if liquidity is important. Maturity rules are rigid.



Use mutual funds with regular advice to stay on track till age 60.



Exit ULIPs and Poor Insurance Products

You mentioned TATA AIA ULIP. Continue for 5 years to avoid penalty.



After that, exit and move funds to SIP in mutual funds.



If you or wife have LIC endowment, Jeevan Saral, or ULIPs, surrender them.



Reinvest maturity amount into SIPs in regular mutual fund plans.



Do not fall for insurance agents who pitch plans as tax saving or guaranteed.



Emergency Fund and Liquidity

Keep at least 6 months of family expenses in a liquid mutual fund.



Don’t use your SIP or education fund as emergency source.



You may open a separate savings bank linked sweep account for this.



This fund will help if there is any job loss, health issue, or urgent need.



What Not to Do

Don’t invest in new ULIPs or insurance-linked plans.



Avoid direct mutual fund investments. You won’t get guided rebalancing.



Do not use your child’s education fund for house down payment.



Don’t pick index funds. They underperform in sideways or bear markets.



Don’t buy land or gold as an investment for your goals.



Final Insights

You are at a very strategic life stage. You have time and income strength.



ULIPs will not help you grow wealth. Shift to goal-based mutual fund SIPs.



Separate goals: child education, your retirement, wife’s security, and emergencies.



Invest only through a Certified Financial Planner for customised long-term support.



Review all goals every year. Increase SIPs with income.



Protect family with pure term insurance and health insurance.



Focus on building wealth in regular mutual funds, not through insurance products.



Real financial freedom comes when goals are funded without stress.



You have a clear head start. Use it with discipline and right guidance.



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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