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My Husband Wants Divorce After Discovering My Real Age: Can I Save My Marriage?

Anu

Anu Krishna  |1651 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 12, 2024

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
Asked by Anonymous - Jul 10, 2024Hindi
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Relationship

My husband and I met through a matrimonial site in 2015. He send me request and called me over phone. At that time,I was doing as govt teacher job residing in an area which is 300 km away from my city. He met me at my rented house and proposed for marriage. He asked my age but I hesitated to tell my age as I was almost 40 years then. He told me that it would not matter if I would be older than him. He was also about to 4o then. I didnt tell my age age, as I wanted to get married, because I had my younger sister to marry. He was working in a different state that time. He sent his father to our home to fix marriage. His father asked my age but because of shame, I could not tell my real age. I told them Iwas 36. We were married in 2016 April. By that time my job was transferred to my ho.e city. So I was at my in laws home during 2016 and 2017. My inlaws i.e my father in law and my unmarried sister in law were never supportive to me. They always treated me as outsider. As my husband and me were livi g apart because of job we couldnot plan for baby. We both were pretty older to conceive naturally, so I contacted an ivf specialist. The doctor told that I have less chance to conceive naturally as my egg quality is not good. It was not impossible though. But since we were living apart, he suggested me to go for donor ivf. I was broken for a moment as I wont be able to give birth my own child. But I had to make my husband a father. So I went for do or egg ivf. In June 2018 a beautiful baby girl was born. I was very happy to get her. But pI noticed his father started to drink alot after her birth. He got tranfer of his job in 2019 and he took me from his ho.e to company quarter in home city in 2019 August. It was okay initially, but he drank a lot which I couldnot bear as l was from a totally non drinker family. He even said he could leave me but not drink. In 2020 hecame to know my real age from my matriculation certificate. He was seen upset, I apologise to him for not telling him my real age. I also told him about my and our family condition at that time. He cuddled me and said that he was not that kind of person. To be mentioned here, he is 6 month younger than me. But gradually his behaviour was changing, always treat badly at very very small things. In 2021 he again hot temporary transfer to a different place which is 500 km away from our homè. During this time he totally cut co tact with me. When I was having Corona and was hospitalized with my 3 years he didn't come to visit us. In 2022 January he was back home. He took my mother to stay with us. From March 2022 he started asking for mutual divorce. I was shocked. Since I didnot agree to that he filed a divorce case against me in 2023 August. Now It has been about one year, we are in concillation process. We are still living together. We are having physical also. Sometimes he becomes good but he always attend the concelling and says that he wants divorce for sure. I dont want divorce as my daughter loves him so much. I dont want to break the family, he is providing food, my daughter's school fees etc. I also do a job, so I dont need money from him. Only I wantvto stay as family.Is there any way to change his mind ? My job is contractual, so I dont have job security. He gets a handsome salary like 1.5 lacs per month with all medical and other facilities. Please suggest, how can I change his mindset or what may cause him to divorce me. I trust him. He also trusts me. He has mentioned only age criteria for divorce.

Ans: Dear Anonymous,
Any relationship that starts on a foundation of Lies is bound to go wrong. I am sure you had your reasons for hiding your real age.
Now, this has become a bone of contention between the two of you.
Also, staying apart has not really helped the two of you bond and the fact of not being able to go through the natural process of pregnancy which helps couple bond also eluded the two of you.
What does not make sense is why after the birth of the child, he has taken up to drinking. Did he see the whole process as a failure of marriage? Do go through the recommended number of counseling sessions and be sure to mention that you want the marriage.
But, its no use if your husband does not want the same. Allow the counselor to do their job and there's one thing that you can do. Genuinely apologize for hiding your real age. Maybe when he sees and feels your apology, he maybe willing to forget all about the lie. Genuine apology, please...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/
Asked on - Jul 12, 2024 | Answered on Jul 15, 2024
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Is age is so much important in marriage. Love, feelings nothing at all ? He wants to deprive his child from everything. I know which is bad for me that by daughter is not my biological daughter. He knows she is his biological daughter. Still he misbehaved with his daughter not me. My daughter is everything for me. She can leave her father but not me. She is very much attached to me. I have apologized to him from the very first time. But he takes the advantage of the situation. He wants to marry again so that he can have new family. There is no guarantee that he will treat the other wife nicely. Don't know what to do.
Ans: Dear Anonymous,
No, Age is not so important in a marriage; but if it isn't, then why did you hide the fact of your real age? You have givem it that importance enough to hide it, yeah?
And any relationship based on lies or a hidden fact can cause damages...
The only way that I can see is work with the Counselor and appeal to your husband as well. Tell him that your child needs the love of both parents. Hear what he has to say...and yes, he is bound to bring up the age factor over and over again...it is something that he feels cheated with...so, respect it...Like I said, Apologize like you really mean it...

And oh, why are you so bothered about how he will treat other women in his life? Just focus on your life and your marriage...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/
Asked on - Jul 20, 2024 | Answered on Aug 14, 2024
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Why should I wont bother about other woman, he treated me badly before he came to know my age. And I am only 6 months older than him remember. He is making it issue. You may be of same kind of mentality. I am a woman and I will always think for other woman. I can not allow a narcissist to ruin others life. People like you are so selfish that you say these phrase "focus on your own life." You are not in a position to suggest other. You are a selfish woman. Thank you for your useless suggestion.
Ans: Dear Anonymous,
I do understand the tone of anger that you hold, and empathize the situation that you are in.
But, if the questions to me were only to gain support for yourself and speak against your husband, sorry that did not happen for you.
This platform is not gender-biased and at no point will you find me favoring one gender over another. So, that disappointment is from your expectations alone. My job here on this platform is to offer perspectives and simply guide a person who can then make a decision. How I am in real life and what I do, is something only I know. What people choose to see in that may or may not be the same as me. And that's perfectly fine!

Thank you for responding and actually making me yet again realize how my I love what I do and that I am on the right path of guiding people to see how life can be beautiful when we rid ourselves of anger, sadness, disappointments and more. Be well and I truly hope that you can find your peace :)

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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Kanchan

Kanchan Rai  |619 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 20, 2024

Asked by Anonymous - Mar 20, 2024Hindi
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Relationship
Hello..I am 36 hrs old, a doctor, got married for 2nd time in Apr 2022. My 1st marriage was with a doctor in 2011 but we hardly stayed together for 1 month since he was away in another state for higher education. Indifference arose and we got separated soon after 6 months and got divorced 5 yrs later. Then i did job on off and finally finished my post graduation in 2024. During my post graduation i wanted to desperately get married for 2nd time as my age was increasing and i was feeling very lonely and wanted to settle down n have kids. I met a guy (he too a doctor and divorced) on matrimony. He approached me. We started talking, meeting. Everything was going good. But his mother was against our relationship. In between the guy too cut the contact with me. But i was wo trully in love with him that I wanted to marry him only. Somehow we got connected again. He came to my place and we lived together. He said he can't get married so soon. He said he would marry me only of i wl get pregnant.then i got pregnant and finally he married me in temple. Soon i delivered our child and his parent's accepted me n i went to his house to stay. There we used to have lots of fights as he revealed his true nature of being extremely KANJUS. his whole family was extremely kanjus. My husbnd doesn't like to spend a single Rs too and he doesn't like it if i spend my money too. We used to have frequent fights. Then hardly after 2 months, his mother called my parents and she told them that their sje could not tolerate me and i should leave tbeor house ASAP! I became very furious as my baby was jst 4 months old. Where would i stay alone with my child as i was studying. I called police to intervene and my mother in law got very angry, she cursed me in front of police- she called me a pros***ute. (This was her thinking- any woman who marries for 2nd time is a pros***ute!!!) Finally that night around 10pm i left her house with my child and some essentials. My parents stayed with me to look after my child. My husbnd kept visiting me on weekends. But my husbnd used to avoid me, block my calls. He never paid for my daughter's expenses too. A year have been passed. I have sent my baby to my parents house 6 months back as they wanted to go back as they stay in different state. Now my husbnd has cut all the ties, he has blocked me everywhere and he never called to enquire about our child in last 8-9 months. Last time when my father called him- he said he didn't wanna stay with me and I either can keep our child with me or i can give the child to him for rest of the life. I slipped into depression after all these. I messed up in my exams. I'm so disturbed that i had thought of ending my life many times but i reminded myself about my child. Now I don't know what to do. I talked him about divorce but he said he won't give me a single Rs aftr divorce since i am also earning. My parents too don't want me to go for a divorce 2nd time in my life as they are worried- our relatives and society will shame them. I want to bring my child back but i am worried- how will i take care of my baby since i am working. Please help. Keep me anonymous please.
Ans: I'm truly sorry to hear about the challenges you're facing. It sounds like you're in a very difficult situation, but please know that there are options available to you and support systems that can help you through this.

Firstly, it's important to prioritize your and your child's safety and well-being. Given the circumstances, it might be beneficial to seek legal advice from a lawyer who specializes in family law. They can help you understand your rights and options regarding custody, child support, and divorce.

Regarding your depression, it's crucial to seek professional help. Depression is a serious condition that requires treatment, and there are therapists, counselors, and support groups available to provide you with the support you need.

In terms of bringing your child back, you may need to explore options for childcare that accommodate your work schedule. This could include hiring a nanny, enrolling your child in daycare, or seeking help from family members or friends.

As for the societal pressure and fear of judgment from relatives, remember that your well-being and your child's well-being are the most important considerations. It's essential to prioritize your own happiness and safety rather than worrying about the opinions of others.

Please don't hesitate to reach out to support services such as hotlines, counseling services, or support groups for assistance and guidance. You're not alone, and there are people who can help you navigate through this challenging time.

..Read more

Anu

Anu Krishna  |1651 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 08, 2024

Asked by Anonymous - Jul 05, 2024Hindi
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Relationship
Hi, I'm a 47 year old woman working as an engineer in a corporate. I fell in love with my classmate when I was doing my engineering. He too loved me and we wanted to get married. But his father declined our marriage proposal since I did not belong to their caste. Since his parents disagreed, he did not want to go ahead with this marriage. So, we decided to leave the matter for now but continued to meet eaach other regularly and talk. A few months later, his parents forced him to get married to a close family acquaintance. Being the only child, my mom also forced me to get married to an alliance she had found suitable and i too got married. Even after marriage, I couldn't forget my boyfriend and so we would meet regularly after office and diacuss everything under the sun including our marital lives. I was never happy with my marriage and never had a child. He also seemed unhappy with his marriage but had a daughter with his wife. My husband passed away in a road accident after 3 years of marriage. I started feeling insecure and so forcedmy boyfriend to marry me. He declined to marry me due to societal pressure but was very keen to have a physical relationship. I also agreed and got pregnant with his child. When our son was 6 months old, he helped me find a rented home close to his home so that he could meet me to fulfil his physical desires. Now that my son is 10 years old and beginning to understand things, he keeps asking why his fathee doesnt stay with us and visits us only occasionally. He has never celebrated our sons birthday or taken us put anywhere. I have remained his mistress and so feel very insecure and neglected in this relationship. I also find it very difficult to lead a life like this. When i discuss this with my boyfriend, he says he cannot leave his wife and daughter for our sake (he seems to have a soft corner for them). We have had serious fights about this, and i have even told him to stay away from our lives. But he continues to come to me whenever he wants a physical relation and i succumb to the situation. Now, i feel used and want to cut off this relationship. As my son grows old and gets to know of all these things, i am afraid what he will think of me. I dont want to be looked down by my son. I have a good job, i am financially independent and have bought an apartment as well. I am confident that i can take good care of my son and lead a decent life. Please suggest what i should do?
Ans: Dear Anonymous,
Why exactly are you living off the scraps of this guy? (In terms of love)
He clearly has sent a message that there's no family with you and your son. So, when he comes over just for sex, how does that make you feel? The reason that you writing to me is perhaps that you feel disrespected with his behavior.

You are financially independent and have the freedom to raise you son out of this confusing environment. Why would you not do that and actually free yourself from this unsettled feeling? If you are looking for love, care and affection from this man, let me draw this out for you...he is clear that he is not going to leave his family and hey, why would he? His wife has not been a party to all of this.

With all the complications of having a relationship on the side, you brought a child into this world out of wedlock (that's still not the issue), the issue is that you are still hanging onto him and the scraps he throws at you in the form of intimacy. Do not mistake sex for love...Sex stems from Love and not the other way round. So, if you feel that someday he's going to crawl back to you if you keep the sex going, I highly doubt that. Plus, again that would be unfair to his wife as well.

Now, why would you not give yourself a chance to move away from this and actually pursue a healthy relationship (when you feel that you are ready)? And that can happen only when you actually decide that you value yourself and respect for you is non-negotiable. Would you be willing to do 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

Latest Questions
Ramalingam

Ramalingam Kalirajan  |9823 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 22, 2025

Asked by Anonymous - Jul 18, 2025Hindi
Money
I have a 6 year fixed deposit which will pay at maturity in Sep-2027. My question is on when to pay tax for this deposit. Should it be paid every year based on interest accrued every year OR only once, at the time of actual interest credit into the account?
Ans: Understanding Taxation on Fixed Deposit Interest

– Interest on fixed deposits is taxable under “Income from Other Sources.”
– Tax is not based on when interest is received.
– It is based on when the interest accrues.
– This is true even if the FD pays only at maturity.

? When Does Interest Accrue?

– Interest accrues every financial year, not just on maturity.
– Banks calculate interest every quarter or half-year.
– Even for reinvestment FDs, interest is earned yearly.
– The entire interest is paid at maturity, but accrues yearly.

? Taxation is Based on Accrual Method

– As per Income Tax Act, interest must be declared yearly.
– This is known as “accrual basis of taxation.”
– Ignoring this may result in tax demand and penalty later.

? Common Misunderstanding About Tax on FDs

– Many believe tax is due only when FD matures.
– This is incorrect under the Income Tax rules.
– This assumption may cause large tax outflow in maturity year.
– Also, it may attract interest and penalty from IT department.

? Your Obligation Each Year

– Every year you must estimate interest accrued.
– Add it to your total income while filing ITR.
– Pay tax as per your income slab on that amount.
– This is applicable even if the interest is not paid out.

? Where to Find Yearly Accrued Interest

– Ask your bank for yearly interest accrual certificate.
– Usually available in April each year.
– This helps in proper tax reporting in your return.

? Tax Deduction at Source (TDS) on FDs

– Banks deduct TDS if interest exceeds Rs. 40,000 per year.
– For senior citizens, this limit is Rs. 50,000.
– TDS is 10%, provided PAN is updated.
– If PAN is missing, TDS can be at 20%.
– TDS is not the final tax liability.
– You still need to calculate your slab tax.
– If you fall in higher tax slab, pay balance tax.
– If your slab is lower, claim refund of excess TDS.

? If You Ignore Annual Reporting

– Tax department can track FD accrual via Form 26AS.
– Interest is also shown in AIS (Annual Information Statement).
– If you don’t report interest, it raises red flags.
– In future scrutiny, you may face tax demand and penalty.

? Tax Planning Suggestions

– Ask bank for Form 16A or interest certificate every year.
– Add accrued interest to your income in your return.
– Pay self-assessment tax if needed before 31st July.
– This avoids last-minute surprise tax burden at maturity.
– Also avoids interest under section 234B and 234C.

? Impact on Overall Financial Planning

– FDs give assured returns but interest is fully taxable.
– This makes post-tax return low for many investors.
– Consider this tax aspect while comparing with other investments.
– For high income earners, debt mutual funds may be better.
– They offer indexation benefit and lower tax impact over time.

? Should You Break FD to Avoid Annual Tax?

– No need to break FD.
– Just declare interest every year properly.
– Even if maturity is far, show yearly interest accrual.
– Maturity proceeds will be tax-free if already declared yearly.

? Tax Filing and Documentation Tips

– Maintain record of FD opening date, amount and maturity date.
– Keep bank’s yearly interest certificate safely.
– While filing ITR, enter interest under “Income from Other Sources.”
– Match with AIS data to avoid mismatch.
– If mismatch found, explain with proof during ITR processing.

? What Happens on Maturity Year?

– In maturity year, you receive full interest and principal.
– But only declare the last year’s interest in ITR.
– Don’t report entire 6 years’ interest again.
– That would mean double taxation.
– Maturity amount already includes taxed portion.

? If You Missed Reporting in Earlier Years

– You can revise past returns for last 2 assessment years.
– File revised returns and pay tax with interest.
– Better to rectify voluntarily than face penalty later.

? Key Tax Rule to Remember

– Interest earned is taxable on accrual basis.
– Even if payment is made on maturity only.
– Pay tax each year, not just in maturity year.

? Ideal Tracking Practice

– Maintain Excel sheet for FD investments.
– Note FD amount, start and end date, and yearly interest.
– Add this value every year while filing your ITR.

? Benefit of Declaring Yearly Interest

– You avoid tax shock in final year.
– You avoid penalty, interest, and notice from IT department.
– You show income transparently.
– This helps in home loan, visa, and other financial proofs.

? Role of a Certified Financial Planner

– A CFP can help optimise tax-efficiency of your investments.
– Can help plan maturity of FD with other cashflows.
– Can suggest better options if tax is reducing returns.
– Regular reviews with a CFP help avoid such confusions.

? Disadvantages of Fixed Deposits

– Returns are low compared to inflation.
– Taxable every year.
– No indexation benefit.
– TDS cuts liquidity.
– Not suitable for long-term wealth creation.

? Alternative Options for Tax Efficiency

– Actively managed debt mutual funds offer better post-tax return.
– They allow better planning for income and withdrawals.
– Short-term and long-term capital gains can be staggered.
– Professional fund manager brings risk control.
– Certified Financial Planner and trusted MFD can help align these.

? Don’t Fall for Index Fund Hype

– Index funds offer low-cost but no flexibility.
– No scope of outperformance during market shifts.
– Poor downside protection in falling markets.
– Better to use actively managed funds guided by experts.
– This helps optimise portfolio across market cycles.

? Disadvantages of Direct Mutual Funds

– Direct plans need your own research and monitoring.
– No access to guidance from a certified mutual fund distributor.
– Most investors lack time or knowledge for this.
– Errors in fund selection or exit timing hurt returns.
– Regular plans via MFD give advice, handholding and long-term value.
– A CFP-aligned MFD ensures aligned goals, reviews and discipline.

? Don’t Rely on Endowment or Investment Policies

– If you hold LIC or Postal policies for investment, evaluate ROI.
– Most of them yield low post-tax returns.
– Consider surrender and reinvest into better options via SIPs.
– A Certified Financial Planner can help this switch efficiently.

? Final Insights

– Tax on FD interest must be paid every year, not just at maturity.
– Interest accrues yearly and is taxable even if not received.
– TDS doesn’t mean your full tax is paid.
– Declare interest each year in ITR.
– Collect interest certificate yearly for accurate tax filing.
– For better returns, explore tax-efficient debt mutual funds.
– Avoid direct funds and index funds without advice.
– Get professional support from CFP and trusted MFD.

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

...Read more

Ramalingam

Ramalingam Kalirajan  |9823 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 22, 2025

Money
I am a Govt. employee, aged 41 years and retiring in the year 2044. My net salary is Rs. 47K per month, after deducting almost 5K in NPS, presently have an amount of approx. 4 lak. in NPS account. I have a LIC plan, depositing 5k per month, maturing in the year 2039, assured wealth return is Rs. 21 Lakh plus additional 10 lakh death benefit. I have only a son, aged 6 years. I have a PPF account adding minimal amount whenever I save, maturing in 2033 and presently have a amount of Rs. 1.7 lakh. Plus, I have a loan of Rs. 10.5K per month, ending in June 2027. My first preferences is to accumulate wealth for my son's education. Second, is to buy a car. And third is to buy a peice of land to build house. My monthly expenses is in between 25K to 30K per month. Please suggest....
Ans: You have already taken thoughtful steps. Your goals are clear and well-prioritised. Now let’s do a complete 360-degree analysis.

Your profile shows that you are sincere and serious. Let us create a clear path forward.

? Income, Salary and Monthly Commitments

– Your net salary is Rs. 47,000 per month.
– NPS contribution of Rs. 5,000 is already deducted from salary.
– Loan EMI is Rs. 10,500 per month till June 2027.
– Monthly living expenses are between Rs. 25,000 and Rs. 30,000.
– LIC premium is Rs. 5,000 monthly.
– You have limited room for investment surplus right now.
– But this will improve after June 2027.

? Analysis of NPS Account

– NPS balance is Rs. 4 lakh as of now.
– You are contributing Rs. 5,000 monthly.
– That will continue till retirement in 2044.
– NPS is a disciplined and tax-efficient tool for retirement.
– Let it grow without any withdrawals.
– Avoid reducing the NPS contribution in future.
– After retirement, only 60% of the corpus will be tax-free.
– Remaining 40% may require annuity or structured withdrawal.
– NPS alone may not be enough for full retirement need.

? LIC Policy Assessment

– You pay Rs. 5,000 monthly till 2039.
– Policy offers Rs. 21 lakh maturity with Rs. 10 lakh death benefit.
– LIC is a mix of insurance and low-return savings.
– Estimated return is likely around 4% to 5% per year.
– You may consider surrendering this plan.
– Reinvest this into long-term mutual funds.
– Mutual funds offer higher returns and better flexibility.
– Insurance should always be separate from investments.
– Use term insurance for risk coverage.
– Use mutual funds for wealth creation.

? Review of PPF Account

– You are contributing a small amount irregularly.
– Current balance is Rs. 1.7 lakh.
– Maturity is due in 2033.
– PPF is safe and tax-free.
– But it offers modest returns of 7–7.5%.
– Use this only as part of your debt portion.
– Avoid treating it as your main growth engine.
– Increase contribution slightly if possible.
– But don’t overdepend on it for goals like education or retirement.

? Current Debt Structure and EMI Analysis

– EMI of Rs. 10,500 will end in June 2027.
– That’s about 25% of your current investable surplus.
– Once cleared, you will have higher monthly savings.
– Do not take another loan immediately after this one ends.
– Use that EMI amount for goal-based SIPs.
– Avoid using loan for buying car or land.
– Try to stay debt-free after 2027.
– That will help you build wealth faster.

? Insurance Planning Review

– LIC is not term insurance.
– You did not mention any pure term plan.
– Please buy one immediately with Rs. 50 lakh to Rs. 1 crore cover.
– It is low-cost and essential to protect your family.
– If anything happens to you, your son’s future is at risk.
– Term insurance is the best way to secure his education and upbringing.
– Review and ensure nominee names are correctly added.

? Goal 1: Your Son’s Education Planning

– Your son is 6 years old now.
– Engineering or medical education costs can be high.
– It may require Rs. 25–30 lakh or more in total.
– You have 10–12 years to plan this goal.
– Start a separate SIP dedicated only for this purpose.
– Choose diversified mutual funds with active management.
– Avoid direct or index funds.
– Direct funds lack expert guidance and periodic review.
– Index funds only copy market and offer no protection.
– Instead, regular mutual funds through a Certified Financial Planner are better.
– You will get yearly reviews and strategy adjustments.
– Increase SIP once your loan EMI ends in 2027.
– If possible, start with Rs. 3,000–5,000 monthly from now.
– Even this small start will grow with time.

? Goal 2: Buying a Car

– A car is a depreciating asset.
– It should never be bought with long-term loans.
– Try to buy a car with savings only.
– Delay the purchase till after 2027.
– You can set up a 3-year recurring deposit or short-term SIP.
– Use balanced or hybrid mutual funds for this goal.
– Do not disturb your son’s education corpus for car buying.
– Keep car budget simple and realistic.
– Avoid costly models with high EMI burden.
– Remember, a car is a comfort, not a goal.

? Goal 3: Buying a Piece of Land

– Real estate for living is a lifestyle choice.
– But do not treat it as an investment.
– Real estate lacks liquidity and transparency.
– Also, it brings added costs like stamp duty and maintenance.
– If you must buy land, do it only after key goals are covered.
– Never delay your child’s education or retirement for this.
– Avoid taking a big home loan again.
– If you still wish to buy land, start a separate SIP now.
– Use equity mutual funds with 8+ years horizon.
– Do not compromise your other long-term financial goals for land.

? Emergency Fund Planning

– You didn’t mention any emergency corpus.
– This is very important for salaried families.
– You need at least Rs. 1.5–2 lakh in liquid funds.
– Build this over the next 6–8 months.
– Use liquid or ultra-short mutual funds for this.
– Don’t keep money idle in savings bank account.
– This money is for medical, job loss, or family emergencies.

? Long-Term Retirement Strategy

– You retire in 2044, which gives 19 years.
– NPS will continue to grow till then.
– But NPS alone is not enough.
– Start a separate retirement-focused SIP now.
– Choose long-term equity mutual funds with active fund managers.
– Direct or index funds don’t give such customisation.
– Regular mutual funds via CFP-led guidance bring structure.
– Post 2027, increase retirement SIPs aggressively.
– Build two retirement sources – NPS and mutual funds.
– This dual structure gives tax and liquidity balance.
– Avoid any plans that mix insurance with retirement.

? Suggested Cash Flow Plan From Now

– Monthly net income is Rs. 47,000.
– EMI is Rs. 10,500 till 2027.
– LIC premium is Rs. 5,000.
– Expenses are Rs. 30,000 at max.
– That leaves very limited room today.
– Still, try SIP of Rs. 2,000–3,000 for your son’s goal.
– Also set aside Rs. 1,000 in liquid fund as emergency base.
– After EMI ends in 2027, divert that full amount to SIPs.
– Split that into retirement, car, and home planning SIPs.
– Don’t increase lifestyle expenses after loan closure.
– Instead, increase savings commitment.

? Maintain Financial Discipline

– Avoid borrowing for car, travel, or celebrations.
– Track all your expenses monthly using an app or diary.
– Update nominee details in all your accounts.
– Review all your investments every 6 months.
– Set financial reminders for SIP dates and insurance renewals.
– Don’t stop SIPs even if market goes down.
– Stay invested for long-term compounding.

? Benefits of Active Mutual Funds Over Index and Direct Funds

– Index funds copy market and offer no active strategy.
– They can fall badly when markets crash.
– They don’t help in risk reduction.
– Direct mutual funds are also risky for non-experts.
– They give no guidance, no regular review, and no help during crisis.
– Regular mutual funds through a Certified Financial Planner are better.
– You get yearly check-ups, goal mapping, and corrections.
– A planner keeps your emotions under control.
– That helps build long-term wealth safely.

? Finally

– You have good habits and clear goals.
– But some product choices need correction.
– Surrender the LIC and replace it with term insurance.
– Build your son’s education fund with SIP.
– Create a car fund only with savings.
– Don’t rush into land purchase.
– Build emergency fund and retirement fund gradually.
– After 2027, your cash flow will improve.
– Use that to increase SIPs and reach your goals easily.

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

...Read more

Ramalingam

Ramalingam Kalirajan  |9823 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 22, 2025

Asked by Anonymous - Jul 18, 2025Hindi
Money
I am a 30-year-old married and salaried person with a monthly disposable income of 1L. I took a home loan of 62 lakhs for a period of 33 years at an interest rate of 7.6%. I have set my monthly EMI at 58,640, of which 20,000 is contributed by my parents, who are currently staying at home. Due to my job, I live in a different city and pay rent of 17k per month. As far as investment is concerned, I am currently investing 15k per month through SIP: 7.5k each in Axis Small Cap Fund and Quant Small Cap Fund. The total valuation of my mutual fund portfolio is 1.54 lakhs. I also have shares with current value of 2.44 lakhs. The priority is to accumulate for the emergency fund, how much and how it should be planned? My long term goal is to have a good corpus considering inflation and I also want to buy a second home (optional if possible)
Ans: You are 30, married, salaried, and have Rs?1 lakh disposable monthly income. EMI on home loan is Rs?58,640, partly funded by parents. Rent is Rs?17,000. You invest Rs?15,000 monthly in small-cap SIPs. Your MF value is Rs?1.54 lakh, and stocks are Rs?2.44 lakh. Your priority is an emergency fund. You also aim to build long-term wealth and possibly buy a second home. Let us build a 360-degree plan, step by step:

? Emergency Fund Requirement and Planning

– You need an emergency fund of 6–12 months of expenses.
– Including rent and EMI, your monthly outgo is ~Rs?1.17 lakh.
– A 6-month fund would be ~Rs?7 lakh; 12-month fund ~Rs?14 lakh.
– Keep it in a mix of savings account and liquid mutual fund (regular plan).
– Start by saving Rs?10,000–20,000 monthly into these vehicles.
– Once you reach Rs?7 lakh, maintain it.
– Don’t use this fund for home purchase or investment.

? Review of Current Equity Allocation

– You invest in two small-cap funds currently.
– Small-cap funds are highly volatile.
– Overexposure can lead to risk, especially early in career.
– Your current MF portfolio of Rs?1.5 lakh may swing sharply.
– Consider switching some allocation into large-cap or balanced equity.
– Add a flexi-cap or multi-cap fund for diversification.
– We will restructure this later after emergency fund buildup.

? Direct Stocks Exposure

– Your stocks are Rs?2.44 lakh.
– Direct equity without constant tracking adds risk.
– Avoid adding more stocks for now.
– Consider shifting some equity into actively managed mutual funds.
– This gives better diversification and professional oversight.

? Goal: Build Long-Term Corpus

– Your long-term goal is financial independence.
– You also think of a second home eventually.
– Set time horizon: say 10–15 years for home and retirement.
– Once emergency fund is built, increase SIPs to Rs?25,000–30,000 monthly.
– Allocate across flexi-cap, balanced advantage, and moderate small-cap.
– Use regular plans via a Certified Financial Planner for guidance.

? Home Loan Dynamics

– EMI is high, but parents fund part of it.
– EMI remains manageable vs your disposable income.
– Prepayment shouldn’t be rushed.
– Focus on increasing investments first.
– When surplus grows, you can prepay in parts.
– This reduces loan term gradually without sacrificing flow.

? Planning for Second Home

– Particle planning is fine once emergency fund is ready.
– Given your EMI, rent, and savings capacity, wait 2–3 years.
– In that time, grow collateral through mutual funds.
– Aim for 20–30% down payment ready in 3 years.
– Avoid new home loan stress early in your journey.

? Mutual Fund Strategy and Structure

– Avoid index funds; they are passive and offer no downside buffer.
– Actively managed funds help manage risk dynamically.
– Stay invested through market cycles.
– Use regular plan via CFP or MFD to get review, not direct plans.
– Small-cap funds remain part of your portfolio, but reduce weight to 20% of equity.
– Add 40% in large/multi-cap and 40% in balanced advantage/flexi-cap funds.

? Monthly Investment Roadmap

Start with this structure after emergency fund is strong:

Flexi/Multi-Cap Fund: Rs?10,000 monthly

Large-Cap/Split between two funds: Rs?8,000

Small-Cap Fund: Rs?5,000

Balanced Advantage Fund: Rs?7,000

This gives equity allocation of ~Rs?30,000.
Add liquid fund SIP of Rs?10,000 until emergency corpus is fully built.
Shift RD gradually into these SIPs.

? Emergency Fund SIP vs RD

– Replace RD of Rs?3,000 monthly into liquid fund SIP.
– Add Rs?7,000 extra to reach emergency goal sooner.
– After emergency corpus is Rs?7 lakh, stop RD and continue equity SIPs.

? Debt Allocation for Short-Term Needs

– Keep Rs?20,000 monthly in liquid or short-term debt fund.
– This ensures liquidity and better returns than bank FD.
– Use it for unforeseen cash demands.

? Insurance Coverage Review

– No mention of health or life insurance yet.
– You are homeowner and husband; insurance is key.
– Buy term insurance of at least Rs?1 crore.
– Buy family health insurance covering spouse, with maternity/child cover.
– This gives protection in worst-case scenarios.

? Tax Considerations

– Home loan interest and principal repayment provide Section 80C and 24(b) benefits.
– Mutual fund LTCG above Rs?1.25 lakh taxed at 12.5%.
– STCG taxed at 20%.
– Plan equity redemptions smartly to minimise tax impact.
– Liquid fund exit tax depends on holding tenure and slab.
– Consider capital gains tax while planning future withdrawals.

? Goal-Based Asset Segmentation

Emergency Fund: Savings + liquid fund

Home Loan Prepayment/Advance: Paid from surplus after 2–3 years

Long-Term Corpus: Equity-heavy mutual funds

Second Home Savings: Equity + liquid mix aligned with a 5-year plan

This segmentation helps you see results and track progress.

? Periodic Review

– Every 6 months, review emergency corpus, SIP allocations, and goals.
– Rebalance equity vs debt if market fluctuations push overweight.
– Increase SIPs by 10% annually or with salary hikes.
– Track progress toward second home corpus.
– Adjust as life events occur.

? Final Insights

– Your financial base (Rs?1 lakh disposable) is strong.
– Slight changes in allocation help efficiency.
– Build emergency fund first (target Rs?7–10 lakh).
– Balance equity portfolio for growth and stability.
– Maintain EMI discipline; enhance investment flow gradually.
– Plan for second home after emergency safety.
– Add health and term insurance now.
– Keep tax implications in mind.
– Review and adapt as you progress.

You are ahead. With discipline and structure, you’ll meet both your goals.

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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