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Kanchan

Kanchan Rai  |189 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 05, 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 - May 05, 2024Hindi
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Relationship

Hello Ma'am, hope you're doing good. My problem is that something happened with me and I have started questioning my marriage. I and my wife are married 12 years ago after a lot of struggle as her parents were not ready because of our different caste and religion. Later we got married with their blessings. she is a very nice woman. After marriage, my business started going well and we're financially very well. We live with my parents and our two kids. Everything was going fine (obviously we do fight) until I met my business partner's sister who is a divorcee and I didn't know how but I started feeling attraction towards her. Recently, I dreamt of cheating on my wife with her. Since I am not able to hold proper eye contact with my wife and even I have started questioning my love for my wife. Has it ended ? I am very tensed since then.

Ans: It's normal to feel conflicted and unsure when you start experiencing attraction towards someone outside of your marriage. However, it's important to remember that attraction alone doesn't necessarily mean that your love for your wife has ended.

Before jumping to conclusions or making any drastic decisions, it might be helpful to take some time to reflect on your feelings and the reasons behind them. Ask yourself questions like: What specifically attracted me to this other person? Are there any underlying issues in my marriage that might be contributing to these feelings? Am I feeling unfulfilled or disconnected from my wife in any way?

It could also be beneficial to have open and honest communication with your wife about what you're going through. Sharing your feelings with her, even if they're difficult, can help strengthen your bond and provide clarity for both of you. Remember to approach the conversation with empathy and understanding, and be prepared to listen to her perspective as well.

Seeking support from a therapist or counselor can also be incredibly helpful in navigating these complex emotions and making decisions that are best for you and your family. They can provide you with guidance, perspective, and strategies for coping with your feelings in a healthy way.

Ultimately, it's important to prioritize honesty, communication, and empathy in your relationship, and to take the time to explore your feelings and needs before making any decisions about your marriage.
Asked on - May 05, 2024 | Not Answered yet
Thank you for your response. I was involved in a relationship with an unsatisfied woman just for sex before marriage. I am one of those persons who consider love and sex two different things and all I want from this new woman is sex. This is not new for me. since i met my wife she was the one thinking about whom or talking to can easily wash out all these sexual thoughts about other women. But this time it is also not helping me even thinking about her or bring with her is not helping me to get rid of these thoughts . This is making me question my relationship. Do I confess this feeling to my wife ? What if her trust in me is broken? My parents love her very much, they will also be angry with me . And how can I start?

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Love Guru

Love Guru   |187 Answers  |Ask -

Relationships Expert - Answered on Jan 13, 2022

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Dear Love Guru, My wife and I are in an arranged marriage since around 15 years and there is nothing that we celebrate about our relationship, except kids which are the only reason for our existing relations. I am working abroad and have visits for a month on vacation after every couple of months. After marriage, I noticed my wife’s flirting behaviour with strange men (to seduce) during many occasions but initially ignored it. However, I found it frustrating when I felt her to be habitual flirter. I then spoke to her, which was after around 2.5 years of our marriage, and she denied the matter. Soon noticing such perpetual habits about her, we went on for non-talking terms some time and then a storm broke out in our house. My parents and her parents supported her, since I couldn’t prove any of her behaviour. She has been lying since her behaviour was noticed and even after that, but my love for her and my child (at that time) made me feel that probably that I need to avoid any suspicious behaviour. Such storm was repeated even recently few years earlier. I had thought my idea of a second child would improve our relations, but it hasn’t helped. I could still notice her flirting behaviour with strangers and even with known personnel including my relatives. I even believe her to be in relationship with one of my cousins, based on my observations of their behaviour during our every meet, which I cannot speak of due to my previous experience and which will otherwise definitely terminate our relations. Actually, we are never on good terms these days whenever I visit home and mostly converse only if required. We are also not good in bed and I have also been feeling a low erectile in bed these days. These moments have affected me psychologically and I feel very negative about our relationship. My family remains my priority and I have been trying to see that we all are all happy as a family. I have even sacrificed my own family time for better earnings so that my family can get all the best in life. She takes good care of the children and manages the house nicely. I also ensure that we, as a family, go out on long journeys for travel and my children are everything for me. I have trying to cope up with all this by focusing on work and socialising with friends to the best extent possible. However, her behaviour (in spite of my presence) makes me feel negative. How can I deal with the matter since any re-attempt on my part to speak on the same matter, even if cordially, with my wife will create another storm like earlier? I wish to sort out the differences and need your advice. Should we meet a counsellor separately on this to sort out the matter? Keep me anonymous and respect my privacy.
Ans:

You’ve been sweeping the same issues your marriage has faced from the very beginning under the carpet for 15 years. Why?

And instead of addressing the issues, you decided to go ahead and have a second child?

Having a child is a joy in itself, but it is never the solution to marital woes; in fact, in most cases it only exacerbates the problem.

From everything you’ve told me, you seem to come across as an insecure husband.

I’m not saying that what you’ve told me is untrue, but you keep suspecting your wife of flirting with random men and have no proof of it.

Both sides of the family support her and let me tell you, unless she is a master of deception, no one can conceal their true nature so well from everyone else for the better part of two decades.

Maybe what you construe as flirting is simply her being friendly? Maybe you’re just not comfortable with the manner in which she interacts with other men?

Have you ever managed to prove her inappropriate relations? And when you accuse her, she blows up at you... a guilty party would not react in so volatile a manner.

I do think marital counselling is in order. And yes, maybe separately at first and then together.

Contact a good therapist and do it sooner rather than later... 15 years has been long enough!

 

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Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 19, 2022

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Dear MamI am a 33 year old male working in a PSU at middle management level. Six years ago I was married happily as per my wish to a girl of my choice.Everything was just perfect. My wife is 4.5 years younger to me. I had to go against my parents wish as they were not comfortable with a non working wife. Mine was not a love story but yes I met girl through a common friend and went ahead for the alliance. Our sex life was also great in the start and we welcomed a baby girl just 2 months short of our first wedding anniversary. However now when I compare I do understand that because of household chores she could not give proper time to me, but still I feel a strong urge to have sex with her. She somehow does not reciprocate well and is dull in having sex. Apart from this we still fight over silly things and tolerance level of both of us have gone very down. Sometimes I feel to this extent that I should walk out from the marriage because I really don't want hot talks in our relationship. I agree I have a 5 year old baby girl. I do control my feelings and anger too to some extent. My wife also does the same but really small things trigger me on. Also I always have a huge sex drive and I feel that if I don't get it from my wife I should look out for other options. I have not cheated with her but I feel that given the option I can because of sex urge. May be this is due to higher libido and I do masturbate occasionally fantasizing my neighbour or other female friends and sometimes my wife too. I don't know what goes through me but seeing your column I felt I should tell you these small details so you could give me an honest answer. I don't want to leave her, I do love her a lot but these fights really make me lose my cool and feel depressed.What should be done according to you ? Should I see a psychiatrist?
Ans:

Dear AY,

I will ask you to introspect and ask yourself: When did things start going downhill?

What event led to this? Surely, things don’t happen all of sudden, so something or some thought must have led to this.

Also, it’s important to understand that managing home and a child is a full time job and it tires the woman a lot.

To be in a mood for sex, the woman needs to be relaxed and calm…if the work at home is tiring, try and hire a domestic helper or any extra help that will ease her.

That way she will have more time to care for herself and her needs as well. Offer to pitch in and this will also bring the two of you closer.

Your theory of your high libido which is not being matched by your wife may or may not be true as sometimes that solution is simpler than you think.

Sadly, we are used to complicating things and look at what’s obvious in front of us.

Sex outside of marriage seems to be an option that has crossed your mind, but I do understand from your letter that you care and love your wife a lot.

Let not a moment of weakness make you shake the foundation of a beautiful relationship that the two of you share.

Have an open chat with her. Express how you feel and speak of your sexual needs.

Most often, communication solves most marriage issues. If this doesn’t work, kindly seek professional help with a marriage therapist.

Ultimately, you know why the two of you are married and why you chose her to be your wife.

Bear that in mind and a lot of yours mind struggles will ease and you will be able to think more usefully and also move into a better marriage space.

Happy 2022 and here’s wishing you the best in life!

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Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 27, 2021

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For many years I was in love with my best friend who I thought wasn’t interested in me. I did not pursue her when I should have because I cared for our friendship. After I got married I was never really happy nor could I forget her. I even told my wife about the girl I loved. She was okay about it because we both felt it was one sided. Recently I discovered that she loved me all these years but both of us never had the courage to take it further. When we got together, we realized how much we missed each other all these years. Neither of us are happy in our marriage and this news has really disturbed me. I feel emotionally and physically distanced from my wife and I feel guilty about it because she is not at fault. I have a son and I am not in a position to abandon him or my wife. But I am not able to sleep or stop thinking about starting a perfect life with her. I have a stable career but now I am not able to focus on anything. Anu mam, please guide me how to find a solution for both of us.
Ans: Dear B, Catch -22 situation indeed here.

Let’s draw out the perspectives here.

Both of you are married and when you had the chance, you didn’t tell each other.

Now, you have discovered that ‘missed out’ moment and want to make up for it now when families have grown.

How would you advise a friend, if he came to you with this situation?

Would you ask him to leave his family and move in with his lady love? Would you ask him to forget his familial responsibilities and search for love outside?

Again, it is not for me to give you solutions but to lead you to a place where you can find the solution yourself.

So, now that you friend has moved in with his lady love, will he forget his family?

His son for who he will always be a role model? Also, what will he tell his wife who had no role to play into the storm in her life?

The key is that there are 4 mature adults and I guess it’s time for you and the lady that you love to sit down and discuss what happens if you continue in your marriages or move away.

Discuss with your respective spouses as well, as they need to be party to this so that their thoughts and feelings are taken into consideration.

After all, they came into your lives, to become life partners. Whatever the decision, always bear in mind, if you continue in your marriage, do it with full heart as you need to rebuild it and if you move away, your son and his state of mind must be cared for, so make sure you create a wonderful environment for them and care for their needs always.

Also, ask yourself this: What will I lose if I move away from my marriage? What is it that I truly love in my wife?

Life is filled with temptations and sometimes we want some change, some spark…it’s possible in the existing relationship only if you choose to look at it that way. Ultimately, the decision is yours, but there’s a lot to consider and reconsider.

Go deep into a reflective mode and choose.

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Ravi

Ravi Mittal  |194 Answers  |Ask -

Dating, Relationships Expert - Answered on Dec 08, 2023

Asked by Anonymous - Dec 07, 2023Hindi
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I am 40 year old and married for 14 years but what happened in 2011 was me n my wife was working in a same company and my wife became close to a colleague on the same floor we work. She was very friendly n one day her colleague proposed her via her friend my wife didn't tell me n she felt very excited about it and after she became very friendly with him after few days she was ignoring me and she expressed her feelings too.but soon she realised she is going wrong and i noticed her changed behaviour and soon she started ignoring tht guy but he came n offered her chocolate and my wife informed me saying this guy's intentions I ask her to tie raakhi she tried but he was running away later we logged out she asked me to stop him and I forced him to him to tie raakhi and my wife was tying and he said I love u. I gve a tight slap to tht guy. Soon after he left the job. We were still working and left the office n joined different companies.after 6 months she went to same office for 2 months. And suddenly she left the job.Now after 12 years her TL met with my ex colleague and shared he working in tht office my colleague asked hey in tht same office my friend was working with his wife and her TL said ohh yeah his wife had n affair with other guy and he asked his wife to raakhi. And my ex colleague called me n said the same to me and since then I have so many doubts on my wife and after few days she confessed she had feelings for him and she already knew he likes her and she said it was just a feeling. Now we are having difference between us. Please help what can be done now I'm getting disturbed alot. 12 years this was secret.
Ans: Dear Anonymous,

I am sorry to hear that you are facing such issues. Doubt is very destructive in a relationship. It's important to have an open and honest conversation with your partner regarding what happened in the past. Don't push her to give you all the details; it will not contribute positively to your well-being. Aim for a more balanced and productive discussion.

You have to recognize that all these happened many years back. It's in the past. And you cannot change it. While it's essential to acknowledge and understand them, dwelling on them may impact your peace of mind. Focus on the present and try to build a more transparent and communicative relationship in the present. Take this opportunity to work together and strengthen your marriage.

Best Wishes!

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Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 26, 2024

Asked by Anonymous - Feb 23, 2024Hindi
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Dear Ma'am , Please keep my identity confidential. I am facing a very unique problem, I am happily married man for last 18 years with 2 children, before my current marriage in 2003 my Marriage was fixed with a girl ( I was based out of Singapore at That time, I work in management position in one of top IT companies now in India) who was a very distant relative ( her Bhabhi and my Bhabhi were cousins). for some health reason at that time I backed out of from that marriage and when I was better we proposed marriage to her again but then she was already engaged. later I got married to my wife and she too has got married ( I am not in touch with her not knows anything about her husband and never tried to find out. even though I know that my elder brother and her elder cousin have become good friend and I stayed in far off city from them. problem started for me in September 2023, out of no where I started getting bad creams about her. once I found here ( in dream) at nreaby place where she was in bad shape and i brought here home. my dream ended there that night. after that regularly started getting some dreams or other almost every early morning. as it was going to an arranged marriage i had never spoken to here , not a single word. but since then dreams have not stopped some time negative and sometime positive like we are enjoying life together. one of psychologist suggested me to fins out about here current status just to validate that she is all fine in here life but I could not as no one from my family supported the idea of getting touch with as I have no details of her except she is married and working as Teacher ( she is M.Sc. B.ED) . Please guide me if there is normal and what can I do as these dream are not stopping and I am getting so involved that I am unable to forget her, Please guide.
Ans: Dear Anonymous,
Dreams can just play out like a movie on what bothers you or what you are fearful of or even things that you feel happy about. Certain experts also suggest that dreams can help in resolving underlying issues.
Whatever it is, do remember what you said: I am happily married man for last 18 years with 2 children.
The past better be where it must be. To go into what the other lady is doing and knowing her current status is only going to get you more entangled into her life. Do you really want this entanglement? Do you really wish to be a part of a situation where you spend mind cycles to figure out if all is okay with her and in the bargain disturb the peace in your life? I am sure you know what the answers are.
Find solace in the fact that she must have people who care for her and who love her. This will to a large extent keep you from looping into her life even at a subconscious level. And also start to be more involved within your family...this will keep you engaged and also give you an assurance that you are in the right place with the right people meant for you.
The mind does what it is directed to do; so direct it toward actions that support your growth and peace of mind.

All the best!

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Latest Questions
Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

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I am running few SIP. My nominee is my son who lives in Europe. My question is if I die , in future can my NRI Son run the SIPs in his name
Ans: Yes, in most cases, your NRI son can run the SIPs in his name if you die. Here's how it typically works:

Nominee Inheritance: Since you've nominated your son, upon your death, he will be the legal heir to the SIP units.
Account Transfer: Your son will need to contact the Asset Management Company (AMC) managing the SIPs with the necessary documents proving his nominee status (death certificate, nominee form etc.). The AMC will then initiate the process of transferring the SIP accounts to your son's name.
Points to Consider:

Account Type: The process might differ slightly depending on whether the SIP account is held jointly or singly.
Tax Implications: There might be some tax implications depending on the type of SIP (equity or debt) and the country of residence of your son. It's advisable for your son to consult a tax advisor in his country of residence for any potential tax liabilities.
Here are some recommendations:

Contact AMC: Get in touch with the AMC managing your SIPs for their specific nominee inheritance and account transfer procedures. They can provide the most up-to-date information.
NRI Regulations: Advise your son to familiarize himself with any regulations specific to NRIs inheriting financial assets in India.
By following these steps, your son should be able to claim and manage the SIPs smoothly after your passing.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - Apr 24, 2024Hindi
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I am 55 years old and I will retire at the age of 62 years. I am under NPS and so far my NPS corpse is Rs. 1crore and I have MF of Rs. 25lakhs. I have been doing SIP of Rs. 20000/- for the last 10 years. Currently my sip amount is Rs.45000/- per month. My NPS tire 1 contribution is Rs. 67000/- per month. Are these enough for my retirement purpse ?
Ans: Firstly, let me commend you on your diligent efforts towards planning for your retirement. It's essential to evaluate your current financial position and assess if your savings and investments align with your retirement goals.

Evaluating Existing Retirement Corpus
NPS and Mutual Funds
Your NPS corpus of Rs. 1 crore and MF investments of Rs. 25 lakhs signify a significant portion of your retirement savings.
It's commendable that you've been consistently investing through SIPs over the past decade, demonstrating discipline and foresight.
Monthly Contributions
Your current SIP of Rs. 45,000 and NPS Tier 1 contribution of Rs. 67,000 per month reflect a substantial commitment towards retirement planning.
Regular contributions over an extended period can potentially lead to significant wealth accumulation over time.
Analyzing Retirement Adequacy
Consideration of Retirement Expenses
To determine if your savings and investments are sufficient for retirement, it's crucial to estimate your post-retirement expenses.
Consider factors such as living expenses, healthcare costs, inflation, and any additional financial commitments.
Retirement Income Sources
Apart from your NPS and MF investments, assess other potential sources of retirement income, such as pension benefits, annuities, rental income, or passive income streams.
Diversifying income sources can provide stability and resilience during retirement.
Conducting a Retirement Gap Analysis
Retirement Corpus Estimation
Estimate the corpus required to sustain your desired lifestyle and meet financial goals during retirement.
Consider factors like inflation, life expectancy, healthcare expenses, and any outstanding liabilities.
Assessing Shortfall or Surplus
Compare your estimated retirement corpus requirement with your existing savings and investments.
Identify any shortfall or surplus to determine if adjustments are necessary in your savings strategy.
Recommendations for Retirement Planning
Review and Adjust Strategy
Regularly review your retirement plan and make adjustments based on changing circumstances, financial goals, and market conditions.
Consider consulting with a Certified Financial Planner (CFP) for personalized advice tailored to your specific needs and objectives.
Explore Additional Retirement Avenues
Explore opportunities to enhance your retirement savings, such as voluntary contributions to NPS, tax-saving investments, or retirement-oriented mutual funds.
Ensure a diversified portfolio mix aligned with your risk tolerance and investment horizon.
Conclusion
In conclusion, while your current savings and investments demonstrate a proactive approach towards retirement planning, it's essential to conduct a comprehensive analysis to ensure adequacy. Regular monitoring, prudent asset allocation, and strategic adjustments can help you achieve your retirement objectives with confidence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

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I got my first internship recently after completing my 3rd year in college. I will getting 56k+80k+80k over a span of 2.5 months. I was thinking about making a one time investment in mutual funds. Can you suggest a good strategy on what proportion of the money I should invest and what I should be using to spend. Any advice on what mutual fund would be best?
Ans: Congratulations on securing your first internship! It's a significant milestone in your journey towards building a successful career.

Understanding Your Financial Situation
Earnings and Timeframe
Your internship earnings of 56k+80k+80k over 2.5 months provide a substantial sum for investment.
Considering the temporary nature of your internship, it's essential to plan your finances wisely.
Developing a Balanced Approach
Allocation Strategy
A prudent strategy would be to divide your earnings into three categories: investment, savings, and spending.
Allocating a portion for investment ensures you're building wealth for the future while meeting immediate needs.
Investment Proportion
Considering your financial goals and risk tolerance, allocating a significant portion towards investment can yield long-term benefits.
However, maintaining liquidity for emergencies and short-term expenses is equally important.
Selecting Suitable Investment Avenues
Mutual Fund Investment
Mutual funds offer diversified investment options suitable for individuals with varying risk profiles.
Given your age and investment horizon, equity-oriented mutual funds may offer the potential for higher returns over the long term.
Equity vs. Debt Funds
Equity funds are suited for long-term wealth accumulation but come with higher volatility.
Debt funds offer stability and lower risk but may provide comparatively lower returns.
Considering Mutual Fund Selection
Actively Managed Funds
Actively managed funds are overseen by experienced fund managers who actively make investment decisions.
These funds aim to outperform the market and generate higher returns, making them suitable for investors seeking capital appreciation.
Disadvantages of Index Funds
Index funds, while low-cost and passively managed, may fail to outperform the market due to their passive investment approach.
They lack the potential for active fund management and may underperform during market rallies.
Conclusion
In conclusion, allocating a portion of your internship earnings towards investment in mutual funds can set a strong foundation for your financial future. A balanced approach that considers both short-term needs and long-term goals is key. Selecting actively managed mutual funds aligned with your risk profile and investment objectives can help you maximize returns over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

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Sir, I am a retired Air Force veteran aged 59 yrs. My annual pension for FY 2023- 24 is 8 lakhs, out of which i have ppf subscription of 1.5 lakhs, mutual fund sip annually of 1.56 lakhs. I pay home rent also @ Rs 16000 per month from my pension. I have a TDS from pension amounting to Rs 40000/- in 2023 - 24. This year due to maturity of KVP I have income from other sources of Rs 4.1+ 40000+ 50000= Rs 5 lakhs. I already have paid 40000 as TDS, am paying 40000/- as advanced tax by 26 Mar 24. How much extra will be my tax liability for 2023-24? How can i save tax, please advice as i have no home loan, no health insurance etc.
Ans: Firstly, let me express my gratitude for your service to the nation as a retired Air Force veteran. Your dedication and sacrifice are truly commendable.

Evaluating Your Tax Liability
Pension Income and PPF Subscription
Your annual pension of 8 lakhs for FY 2023-24 is a significant source of income, subject to taxation.
The PPF subscription of 1.5 lakhs qualifies for deduction under Section 80C, reducing your taxable income.
Mutual Fund SIP and Other Sources of Income
The annual mutual fund SIP of 1.56 lakhs contributes to your investment portfolio but does not offer tax benefits.
Income from other sources, including the maturity of KVP and TDS, adds to your total taxable income.
Rent Payment and TDS
Paying home rent from your pension reduces your taxable income but does not qualify for tax deductions.
TDS from your pension and advanced tax payments are essential for compliance but may increase your tax liability.
Estimating Additional Tax Liability
Calculating Taxable Income
Deducting allowable exemptions and deductions from your total income will determine your taxable income.
Your tax liability will depend on the applicable tax slab rates for FY 2023-24.
Considering Tax Deductions
Exploring additional tax-saving avenues like Senior Citizen Savings Scheme (SCSS), Tax-saving Fixed Deposits (FDs), or National Pension System (NPS) contributions can help reduce your tax liability.
Tax-Saving Strategies
Leveraging Senior Citizen Benefits
As a senior citizen, you may benefit from higher tax exemption limits and additional tax-saving opportunities.
Senior Citizen Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) offer attractive interest rates and tax benefits.
Maximizing Section 80C Deductions
Utilize the full potential of Section 80C deductions by exploring eligible investments such as Tax-saving FDs, SCSS, and Equity Linked Savings Schemes (ELSS).
Assessing Health Insurance Benefits
While you mentioned no health insurance currently, consider investing in health insurance plans to avail tax benefits under Section 80D.
Conclusion
In summary, optimizing your tax planning strategy requires careful consideration of available deductions and investments aligned with your financial goals. By exploring tax-saving avenues like SCSS, Tax-saving FDs, and health insurance, you can effectively reduce your tax liability while securing your financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - May 15, 2024Hindi
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Hi, I currently have a corpus of 50 lakhs and I am currently employed with a salary of 1.5 lakh per month. I have a home loan of 25 lakhs plus i and my husband are investing approximately 15 thousand in mutual funds by allocating 5k each in 2 quant mutual and kotak Mahindra mutual funds. I have a 5.5 year old kid I want to invest more for my kids education and I want to have a steady income as I am planning to retire early
Ans: Congratulations on your prudent financial habits and your commitment to securing your child's future education while planning for an early retirement. Let's devise a comprehensive strategy to maximize your investments and achieve your goals effectively.

Assessing Your Current Financial Position
Corpus and Income
With a corpus of 50 lakhs and a monthly income of 1.5 lakhs, you have a solid financial foundation.
However, your existing home loan of 25 lakhs may impact your disposable income and investment capacity.
Current Investments
Investing approximately 15 thousand monthly in mutual funds demonstrates your commitment to long-term wealth accumulation.
Diversifying across quant mutual funds and Kotak Mahindra mutual funds indicates a balanced investment approach.
Planning for Your Child's Education
Goal Clarity
Your desire to invest more for your child's education reflects your foresight and commitment as a parent.
Setting specific goals and timelines for your child's education expenses is crucial for effective financial planning.
Investment Strategy
Considering the time horizon until your child reaches higher education age, a mix of equity-oriented mutual funds can offer the potential for substantial growth.
Systematic Investment Plans (SIPs) in diversified equity funds can help build a robust education fund over time.
Early Retirement Planning
Retirement Vision
Your aspiration for early retirement underscores your focus on achieving financial independence and work-life balance.
Early retirement requires careful planning to ensure sufficient income streams for ongoing expenses and lifestyle maintenance.
Income Generation Strategies
Apart from your current employment income, exploring additional income streams such as rental income, dividends, or freelance work can enhance your financial stability.
Allocating a portion of your corpus towards income-generating assets like dividend-paying stocks or debt instruments can provide a steady cash flow during retirement.
Benefits of Regular Funds Investing through MFD with CFP Credential
Personalized Financial Guidance
Working with a Certified Financial Planner (CFP) who is also a Mutual Fund Distributor (MFD) offers personalized financial advice tailored to your specific needs and goals.
A CFP can help you navigate complex financial decisions, optimize your investment portfolio, and stay on track towards achieving your objectives.
Conclusion
By strategically allocating your resources towards your child's education and early retirement goals, you can build a secure financial future for your family. Leveraging the expertise of a Certified Financial Planner (CFP) will ensure that your investment strategy is aligned with your aspirations and tailored to maximize returns while minimizing risks.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - May 15, 2024Hindi
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Hi, i am currently 27 years of age, will be 28 in 2 months, i currently have 1 lakh in my mutual funds and 1 lakh in my nps, i invest monthly 25k in nps, 10k in mirae assset elss find, 5k in quant small cap, 5k in icici bluechip large cap fund. I currently use ET money as investment platform. Kindly suggest if any change required in my investment strategy as i not only want a good sum of amount for my late 30s as well. I currently earn around 1.1 lac per month and plan to increase my invest amounf montly. Also could you let me know by 60 how much of corpus i can obtain?
Ans: It's commendable that you've started investing at a young age and are actively planning for your future financial security. Let's review your current investment strategy and explore opportunities for optimization to achieve your long-term goals.

Assessing Your Current Investments
Mutual Funds and NPS
You have a balanced approach with investments in both mutual funds and NPS, indicating a diversified investment strategy.
Regular contributions to NPS and SIPs in ELSS and small-cap funds demonstrate a disciplined savings habit.
Investment Platform
Utilizing ET Money as your investment platform provides convenience and accessibility to manage your investments digitally.
However, digital platforms may lack personalized advice and guidance compared to engaging with a Certified Financial Planner (CFP) or Mutual Fund Distributor (MFD).
Evaluating the Need for Changes
Disadvantages of Digital Platforms
While digital platforms offer convenience, they may lack personalized advice tailored to your specific financial goals and risk tolerance.
Without expert guidance, investors may miss out on opportunities for optimal portfolio allocation and risk management.
Direct vs. Regular Funds
Investing in direct funds through digital platforms may seem cost-effective due to lower expense ratios.
However, direct funds lack the personalized advice and ongoing support provided by MFDs or CFPs, which are essential for long-term financial planning and goal achievement.
Recommendations for Strategy Optimization
Engagement with a Certified Financial Planner (CFP)
Consider consulting with a CFP to receive personalized financial advice aligned with your goals and risk profile.
A CFP can provide holistic guidance, including tax planning, retirement planning, and wealth accumulation strategies.
Transition to Regular Funds through MFD
Switching from direct funds on digital platforms to regular funds through an MFD offers several benefits:
Access to personalized advice and ongoing support from a qualified financial professional.
Assistance in selecting the most suitable funds based on your financial goals, risk appetite, and investment horizon.
Regular reviews and portfolio rebalancing to ensure alignment with changing market conditions and personal circumstances.
Estimating Future Corpus by Age 60
Projected Growth
Based on your current investments and assuming a conservative annual return of 12-15%, we can estimate the future corpus by age 60.
Importance of Regular Monitoring and Adjustments
It's crucial to monitor your investments regularly and make adjustments as needed to stay on track towards your financial goals.
Engaging with a CFP or MFD ensures ongoing support and guidance to optimize your investment strategy over time.
Conclusion
While your current investment strategy demonstrates proactive financial planning, there's potential for further optimization by engaging with a Certified Financial Planner (CFP) or Mutual Fund Distributor (MFD). By transitioning to regular funds and receiving personalized advice, you can enhance the effectiveness of your investment strategy and maximize your long-term wealth accumulation potential.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

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Hi i am 34 years old. I have started a 4 SIP each of 5000?, HDFC midcap opportunity fund direct growth, HDFC Index nifty fifty, Parag parekh flexi fund and Nippon India Small cap fund. Kindly suggest any changes or need to add more sip. I want to retire in next 12 years
Ans: Congratulations on taking proactive steps towards building your retirement corpus through SIP investments. Let's review your current portfolio and make necessary adjustments to align it with your retirement goal in the next 12 years.

Evaluating Your Current SIP Portfolio
Portfolio Composition
You've initiated SIPs in four funds, focusing on mid-cap, index, flexi-cap, and small-cap categories. This shows a well-diversified approach towards wealth creation.

Risk Profile
Your portfolio reflects a moderate to high-risk appetite, with exposure to mid-cap and small-cap funds known for their volatility.

Assessing the Need for Changes
Mid-Cap Fund
Advantage: Mid-cap funds have the potential for high growth, suitable for long-term wealth creation.
Consideration: Ensure you're comfortable with the higher risk associated with mid-cap stocks.
Index Fund
Advantage: Index funds offer broad market exposure at low costs, ideal for passive investors.
Consideration: While index funds offer stability, they may not outperform actively managed funds in bull markets.
Flexi-Cap Fund
Advantage: Flexi-cap funds provide flexibility to invest across market caps based on prevailing market conditions.
Consideration: Ensure the fund manager's strategy aligns with your investment goals and risk tolerance.
Small-Cap Fund
Advantage: Small-cap funds have the potential for high growth, but they come with higher volatility.
Consideration: Be prepared for fluctuations in returns and market risks associated with small-cap stocks.
Recommendations for Portfolio Optimization
Rebalancing the Portfolio
Consider rebalancing your portfolio to maintain an optimal asset allocation based on your risk tolerance and investment horizon.
Assess the current market conditions and performance of individual funds to make informed decisions.
Reviewing Fund Performance
Regularly monitor the performance of your SIP funds and assess their consistency in delivering returns.
Evaluate fund managers' track records, investment strategies, and portfolio compositions to ensure alignment with your goals.
Potential Addition of Debt or Hybrid Funds
Given the aggressive nature of your current portfolio, consider adding debt or hybrid funds to balance risk and provide stability.
Debt funds can provide steady returns with lower volatility, suitable for risk-averse investors approaching retirement.
Benefits of Regular Funds Investing through MFD with CFP Credential
Investing through a Certified Financial Planner (CFP) who is also a Mutual Fund Distributor (MFD) offers several advantages:

Personalized Advice: A CFP can provide tailored investment advice based on your financial goals, risk appetite, and investment horizon.

Portfolio Diversification: A CFP can help you build a diversified investment portfolio aligned with your objectives, spreading risk across various asset classes.

Ongoing Monitoring: With regular reviews and updates, a CFP ensures your investments stay on track to meet your goals.

Conclusion
Your current SIP portfolio demonstrates a proactive approach towards wealth creation for retirement. By reviewing and optimizing your portfolio periodically, you can ensure it remains aligned with your long-term financial goals. Consider consulting with a Certified Financial Planner (CFP) to receive personalized guidance and maximize your investment potential.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - May 14, 2024Hindi
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Hello sir, I'm 24, earning 1L a month, no big fixed expense. Just 10-15K miscellaneous. Apart from this i invest 10K in ELSS and 5k in LIC term policy. I do support my parents by sending some portion of my monthly salary (20-40k). I can manage other expenses. I need your help in aligning my funds such that I've a good corpus when i turn 28. I can invest aggressively. How much SIP i should do a month to collect 30L after 4 years?
Ans: It's great to see your proactive approach towards financial planning at such a young age. With your disciplined savings and willingness to invest aggressively, we can certainly create a solid plan to achieve your goal of accumulating a corpus of 30 lakhs by the age of 28.

Assessing Your Current Financial Situation
Income and Expenses
Your monthly income of 1 lakh provides a solid foundation for savings and investments. With minimal fixed expenses and miscellaneous spending, you have the flexibility to allocate a significant portion towards investments.

Current Investments
Investing 10,000 in ELSS funds and 5,000 in a LIC term policy reflects your commitment to long-term financial planning. It's commendable that you're already thinking about securing your future.

Family Support
Supporting your parents financially demonstrates your sense of responsibility and family values. It's important to factor in these commitments while planning your investments.

Aligning Your Investments for Growth
SIP Planning
To accumulate a corpus of 30 lakhs in 4 years, we need to determine the monthly SIP amount required. Given your willingness to invest aggressively, we can consider equity-oriented funds with high growth potential.

Risk Appetite
Since you're comfortable with aggressive investments, we can focus on equity mutual funds that have historically delivered higher returns over the long term, albeit with higher volatility.

Determining SIP Amount
Goal-Based Approach
We'll use a goal-based investment approach to calculate the SIP amount needed to achieve your target corpus of 30 lakhs by age 28.

Return Expectations
Considering your aggressive investment approach, we can target an annual return of around 12-15% from equity mutual funds.

SIP Calculation
Based on the expected returns and the time horizon of 4 years, we can calculate the monthly SIP amount required to reach your goal.

Monitoring and Review
It's essential to monitor your investments regularly and make adjustments as needed. Market conditions and personal circumstances may change, requiring periodic reviews of your financial plan.

Benefits of Regular Funds Investing through MFD with CFP Credential
Investing through a Certified Financial Planner (CFP) who is also a Mutual Fund Distributor (MFD) offers several advantages:

Personalized Advice: A CFP can provide tailored investment advice based on your financial goals, risk appetite, and investment horizon.

Portfolio Diversification: A CFP can help you build a diversified investment portfolio aligned with your objectives, spreading risk across various asset classes.

Ongoing Monitoring: With regular reviews and updates, a CFP ensures your investments stay on track to meet your goals.

Conclusion
With your proactive approach and willingness to invest aggressively, achieving a corpus of 30 lakhs by age 28 is feasible. By aligning your investments with your goals and leveraging the expertise of a Certified Financial Planner, you can build a solid financial foundation for the future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - May 15, 2024Hindi
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Sir , I am 32 year old , I am inventing since 2 year in want small cap , SBI Contra fund direct growth, and tata small cap total 6400 i invent per month , want to invent till I m 55 , can i achieve 8 cr.
Ans: It's commendable that you have started investing early and are committed to your financial goals. Let's assess your current strategy and see if it aligns with your goal of achieving an 8 crore corpus by the age of 55.

Current Investment Overview
You are currently investing ?6,400 per month in three mutual funds:

Small Cap Funds: ?4,000 per month
Contra Fund: ?2,400 per month
You plan to continue these investments until you turn 55, giving you a 23-year investment horizon.

Potential Growth of Your Investments
Small Cap Funds
Small cap funds have the potential to deliver high returns over the long term, but they also come with higher risk and volatility. With a 23-year horizon, you have the advantage of time to ride out market fluctuations and benefit from compounding.

Contra Funds
Contra funds invest in undervalued stocks, aiming for high returns when these stocks perform well. These funds can be a good addition to diversify your portfolio and balance the high-risk small cap investments.

Assessing Your Goal
To achieve an 8 crore corpus, we need to estimate the expected returns from your current investments. While exact returns cannot be predicted, historical data can give us an idea.

Expected Returns
Assuming a conservative annual return of 12-15% for small cap and contra funds, we can estimate the future value of your investments. Compounding over 23 years can significantly grow your investments.

Enhancing Your Investment Strategy
Increase SIP Contributions
One effective way to boost your corpus is to gradually increase your SIP contributions. Even a small annual increment can have a substantial impact due to compounding. Consider increasing your SIP amount by 10% annually.

Diversify Your Portfolio
While small cap and contra funds are good, adding more diversified funds can reduce risk and improve stability. Consider including large cap or balanced funds for a well-rounded portfolio.

Benefits of Actively Managed Funds
Actively managed funds offer the advantage of professional management. Fund managers actively select stocks based on research and market conditions, potentially delivering better returns than passive index funds.

Regular Monitoring and Rebalancing
Regularly review your investment portfolio to ensure it remains aligned with your goals. Market conditions change, and so should your investment strategy. Rebalancing helps maintain your desired asset allocation and risk level.

Conclusion
You have made a great start with your investments. By continuing your current SIPs and considering incremental increases, you can significantly enhance your chances of achieving an 8 crore corpus by 55. Diversifying your investments and leveraging actively managed funds will also help manage risks and optimise returns.

Final Advice
Stay committed to your investment plan and be open to periodic adjustments based on market conditions and personal financial changes. Consulting a Certified Financial Planner (CFP) can provide personalised advice and help you stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - May 13, 2024Hindi
Money
Hi , I am 51 years old & have been working in a reputed private firm . I have been a risk averse & have been investing in Govt securities , EPF & VPF . Current corpus is - 3 cr in Govt securities as principal (NSC , PO TD , KVP) , 3.7 cr in EPF , 10 L in LIC Annulity , 15 L in PMVVY , 9 L in POMIS , 20 L in Sukanya Samriddhi Yojana , 1.2 crore in Bank FD , One house with current value 70 L other than self occupied , will get 25 L as gratulity on voluntary retirement . My only daughter entering college in current year .I wish to retire next year .Please advise future asset allocation post retirement for daughter 's education & marriage alongwith monthly expenditure of 1.5 L pm .
Ans: Congratulations on accumulating a substantial corpus through disciplined investing. Your cautious approach has built a strong foundation for your retirement and future needs. Let's structure a plan to ensure financial stability for your daughter's education, marriage, and your monthly expenses.

Current Financial Snapshot
Govt Securities (NSC, PO TD, KVP): ?3 crores
EPF: ?3.7 crores
LIC Annuity: ?10 lakhs
PMVVY: ?15 lakhs
POMIS: ?9 lakhs
Sukanya Samriddhi Yojana: ?20 lakhs
Bank FD: ?1.2 crores
Gratuity (Expected): ?25 lakhs
House (Investment Property): ?70 lakhs
Monthly Expenditure: ?1.5 lakhs
Financial Goals
Daughter’s Education and Marriage
Monthly Expenditure of ?1.5 lakhs
Maintaining an Emergency Fund
Ensuring Stable Post-Retirement Income
Future Asset Allocation Strategy
1. Daughter’s Education and Marriage
You need to ensure sufficient funds for your daughter’s education and marriage. The key is to invest in low-risk, stable return instruments.

Sukanya Samriddhi Yojana (SSY): Continue this for her education and marriage. It provides a good interest rate and tax benefits.

Bank Fixed Deposits (FDs): You have ?1.2 crores in FDs. Allocate a portion of these towards her education fund, maturing around her college years.

POMIS and PMVVY: These provide regular interest, which can be reinvested or used as needed.

Estimated Allocation:

Education Fund: ?50 lakhs in FDs (adjust the maturity to her college years)
Marriage Fund: Continue SSY contributions and consider an additional ?30 lakhs in FDs maturing around her expected marriage age.
2. Monthly Expenditure
Your requirement is ?1.5 lakhs per month. This can be ensured through a mix of annuities, interest income, and withdrawals from your corpus.

LIC Annuity and PMVVY: These provide regular monthly income. Calculate their combined monthly payout and subtract from your ?1.5 lakh requirement.

EPF and Govt Securities: These can be gradually withdrawn to supplement your monthly income.

Estimated Allocation:

LIC Annuity and PMVVY Monthly Income: Assume ?30,000
EPF and Govt Securities Withdrawals: Regular systematic withdrawals to cover the remaining ?1.2 lakhs monthly
3. Emergency Fund
Maintain a robust emergency fund to cover at least 12 months of expenses. This should be liquid and accessible.

Emergency Fund: ?20 lakhs in liquid mutual funds or savings accounts
4. Investment Property
The second house worth ?70 lakhs can generate rental income or be sold for a lump sum.

Rental Income: Consider renting out the property for additional monthly income. Assume ?25,000 - ?35,000 monthly.
Detailed Asset Allocation Post-Retirement
Low-Risk Investments
Govt Securities: Continue holding for stable returns.
EPF: Withdraw systematically.
Bank FDs: Allocate part for daughter’s education and marriage.
POMIS: Continue for regular interest.
SSY: Continue contributions for daughter’s future.
PMVVY and LIC Annuity: Continue for guaranteed monthly income.
Moderate Risk Investments
Mutual Funds: Consider balanced mutual funds for growth and income. Allocate a portion of your corpus to balanced or conservative hybrid funds to maintain moderate growth.
High Liquidity
Liquid Funds: Maintain an emergency fund of ?20 lakhs for immediate needs.
Savings Accounts: Keep a portion of your funds for monthly expenses.
Suggested Asset Allocation
Education and Marriage Fund:

FDs: ?50 lakhs for education
SSY and FDs: ?30 lakhs for marriage
Monthly Income:

LIC Annuity and PMVVY: ?30,000 per month
EPF/Govt Securities Withdrawals: ?1.2 lakhs per month
Rental Income: ?25,000 - ?35,000 per month
Emergency Fund:

Liquid Funds/Savings Account: ?20 lakhs
Growth and Income:

Balanced Mutual Funds: ?50 lakhs to ?1 crore
Regular Review and Adjustment
Ensure regular review and adjustment of your portfolio to align with changing market conditions and personal needs. Consulting a Certified Financial Planner (CFP) will help you tailor the plan and make informed decisions.

Conclusion
Your disciplined savings and strategic investments have put you on a strong path to a comfortable retirement. By reallocating your assets prudently, you can ensure financial security for yourself and your daughter's future needs.

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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