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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 18, 2021

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
P Question by P on May 18, 2021Hindi
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Relationship

I lost my father when I was 17 and was raised by my mother all these years.

Last year, I lost my mother to COVID. I am the only child and don't have any siblings.

I am 36 and not married. I don't have a boyfriend, neither am I in a serious relationship.

After my parents' death, am being pressured into marriage by my relatives but I am not ready.

I am in touch with a few cousins and friends but I don't feel any better talking to them. I may be wrong but I feel that they're either too sympathetic or trying too hard to be positive and cheerful.

It's hard to explain to anyone how I am feeling right now.

There are days when I feel completely alone, lonely and wish I had a sibling or someone who would understand me without having to explain anything. My colleagues are supportive but I am not able to focus at work either.

I tried taking a few days off but there is a void and sense of loneliness that I am unable to overcome. I don't know how to make sense of this situation. Can you help?

Ans: Dear P, how exactly do you want to feel? What exactly do you want currently? It is imperative for you to know that we all go through phases in life; some are happy ones and some are not-so-happy ones.

But do know that, these phases are not permanent and that they do have an expiry date on them.

The key to this is with you. How long do you want to lock in that feeling of loneliness or helplessness?

Does it help you to think whether your relatives are sympathising with you? What if they really are caring for you?

Sibling or no sibling, our life is ours and a journey that we must take. And marriage is a decision that is yours to make; you don’t need to yield into any pressure or get yourself to believe that it will drive away your loneliness.

What did you do earlier to move away from loneliness?

How did you keep yourself occupied? Was it a new hobby or could it have been learning a new skill?

Sometimes, doing something absolutely NEW can help de-focus from what we are dealing with currently.

On a long-term thinking, do know that every phase gives rise to a new one.

Join support groups online or any valid meet up group that can bring in some fresh new perspectives.

Connect with old friends. Choose how you want to feel now and move in that direction.

Surround yourself only with happy people and happy thoughts all the time. It does help.

Office colleagues can double up as a good support group, if you are fine sharing your inner feelings with someone that you are close to.

If that isn’t an option, then old friends can do the job really well. But it is important to talk to someone and release what’s holding you back and keeping you away from what you want to feel and what you want to do. All the best.

You may like to see similar questions and answers below

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 05, 2022

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Relationship
Hello Anu. I hope you are doing well. I follow your column and read your posts. I have a different issue. I am single and 30+ years. I have no complaints as I did not find any suitable guy to marry. I had a happy and busy life before Covid. However after Covid, lockdown and this work from home life has become monotonous. I not only lost my uncle due to depression but lost my friends due to fights and misunderstanding. I believe in giving importance so I tried to patch up with my friends but they prefer to break all the connections and move on. I have always had a thing for respect and to be valued. I moved away too coz I felt it was the right thing to do but somewhere it hurts me a lot that I am not able to hold on to my friends who knew me for so many years. How can someone get abandoned and not want to talk and sort things out? I feel I am overthinking it when the others are not even bothered or thinking about me or it. I really want to move away and focus on my life and career. I try doing it but many times there are so many things that reminds me of them and I get stuck and emotional again. I am trying some meditation and journaling but it does not seem to clear my mind.Hence I thought of checking with you. Let me know if you have any advice for me.
Ans:

Dear MS,

Time to make amends?

You clearly seem like someone who likes being around friends and has allowed a bit of ego take over, which has perhaps pushed them away.

So go back to them! Make amends, apologise for what’s happened and tell them how much you value their presence in your life.

Focus on what is good in them and what they bring into your life. No one is perfect; expecting them to behave in a certain manner and letting your pride come in the way will push them away.

Even if you move away from them and make new friends, the same thing will happen again as there is a part of you that expects something they can’t do or be.

It's time to look within and make some subtle and useful changes so that people are attracted to that person in you who is fun and compassionate.

Also, you can continue with journalling and spend time listing down the best qualities in each of your friends.

This will help in celebrating them for who they are and it really makes you feel good from within. It works!

Best wishes!

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 05, 2022

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Relationship
Hello Anu. I hope you are doing well. I follow your column and read your posts. I have a different issue. I am single and 30+ years. I have no complaints as I did not find any suitable guy to marry. I had a happy and busy life before Covid. However after Covid, lockdown and this work from home life has become monotonous. I not only lost my uncle due to depression but lost my friends due to fights and misunderstanding. I believe in giving importance so I tried to patch up with my friends but they prefer to break all the connections and move on. I have always had a thing for respect and to be valued. I moved away too coz I felt it was the right thing to do but somewhere it hurts me a lot that I am not able to hold on to my friends who knew me for so many years. How can someone get abandoned and not want to talk and sort things out? I feel I am overthinking it when the others are not even bothered or thinking about me or it. I really want to move away and focus on my life and career. I try doing it but many times there are so many things that reminds me of them and I get stuck and emotional again. I am trying some meditation and journaling but it does not seem to clear my mind.Hence I thought of checking with you. Let me know if you have any advice for me.
Ans:

Dear MS,

Time to make amends?

You clearly seem like someone who likes being around friends and has allowed a bit of ego take over, which has perhaps pushed them away.

So go back to them! Make amends, apologise for what’s happened and tell them how much you value their presence in your life.

Focus on what is good in them and what they bring into your life. No one is perfect; expecting them to behave in a certain manner and letting your pride come in the way will push them away.

Even if you move away from them and make new friends, the same thing will happen again as there is a part of you that expects something they can’t do or be.

It's time to look within and make some subtle and useful changes so that people are attracted to that person in you who is fun and compassionate.

Also, you can continue with journalling and spend time listing down the best qualities in each of your friends.

This will help in celebrating them for who they are and it really makes you feel good from within. It works!

Best wishes!

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 20, 2021

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Relationship
I don't know how to start but things are not good in my life. I lost my father 3 months back which still does not go out of my head. I met a girl recently and developed some sort of feelings for her but she is not at all interested in me which made me more sad as I feel as I am just not good enough. Due to my professional work I am not living with my family and their tensions extra. I have zero friends who talk regularly to me or ask about me. I have a thin body so people body shame me and it decreases my morale and confidence. Profession is also not going as good I thought due to relationship issues with my manager. Everything is making me more sad and lonely. Please give me something to cheer. Don't want to live life like this.. I am writing this with a heavy heart.
Ans: Dear HS, I am truly sorry for your loss; the passing away of a loved one is never easy on anyone.

Now let’s focus on what you might be bothered by. See, if you are going to depend on the external environment to increase your confidence or self-esteem, then you are setting yourself up for a rude disappointment.

Your state of mind is your choice which is the one that dictates how you perceive the environment around you.

If you wake every morning feeling sorry for yourself, do you think you are going to perform well at work?

Shying away from a social life just because you are body shamed pushes you back into an unfavorable state of mind where you shut away even a few ‘good’ people.

Why deprive yourself of the little joys just because some people measure you by how you look?

What do you get by giving into that drama that these people have created?

More agony, I presume! And then the loop goes on and on…

Do check a few inspiring videos on how people have overcome body shaming and take a leaf out of it and start living for who you are; people start respecting you when you respect yourself first.

Well, romantic feelings sometimes may not be reciprocated; but you feel sad because you already are in a self-pity mode; what if your mind space was stronger?

A rejection from a girl, would have still been fine and would have been easy to move on.

Sorry, I need to be honest and show you the mirror, rather than just cheer you up. Get up, stand tall, show up. Show Up, no matter what!

Respect yourself for who you are…you are your best Ally…Now, I want you to dust yourself off of all the feelings that are not useful and Show Up and Take Charge…watch how things change…

Best wishes and simply Show Up…You can do this…

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Anu

Anu Krishna  |839 Answers  |Ask -

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

Asked by Anonymous - Apr 27, 2023Hindi
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Relationship
I am 42 year old married woman. I was attached to my father very much. I lost him suddenly in 2021 by covid. He was fit and fine. I never thought he could left us like this. I feel very lonely , empty & completely of no desire for anything in life. I feel guilty and bad that the way my father struggled alone in ICU ward in his final days & we could not do anything for him. No one could met him & even saw him. I could not hugged him & even touched his body to say to goodbye in crematorium. Life got completely changed for me now. I am doing a job in which I working for very long time but not getting noticed or promoted so I feel sidelined by my seniors. I feel no use to work there or even anywhere now. I feel mentally I am tired to handle any pressure now. I am thinking to quit it to get some mental peace but not sure what I will do in free time. I have few marriage issues also & don't have any kids. I want to spend time alone & not even with my husband. Now I just want to live my life peacefully & happily without expecting anything from anyone. Tell me if I am correct or need to improve my way of thinking.
Ans: Dear Anonymous,
I am truly very sorry for your loss. It might have been very difficult at not having that closure right at the end to process your loss your way. I can only imagine what you must be going through even now.

This heavy heartedness has most likely caused you to lose interest in many things in life including your work life. Even things that were simple to handle might have become too much to deal with. You need to heal by grieving and slowly going into acceptance. Is this hard? Oh yes, but with the help of someone who specializes in grief counselling and therapy, you can heal through this. This doesn't mean that you have to forget your father; it only means you process what has happened to transition into a better mind space. This will help you get a grip over your life for what it is now and like all of us, you deserve to be happy and at peace. Do consider this option and see an expert; it will really help you...

All the best and do know that this too shall Pass!

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 09, 2023

Asked by Anonymous - Sep 30, 2023Hindi
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Relationship
Hi, I am a 53 years old male, lost my loving wife last year who was 46, I do have 2 kids who are into higher studies now aged 22 and 18, off late have been feeling very lonely and upset and have not been able to forget my late wife, life seems to be too useless now. Many a times i think of having a new partner for the rest of my life then these feelings also die down. Am quiet worried as to how I will be able to live second half of my life as sooner or later the children will be busy in their own lives, what to do?
Ans: Dear Anonymous,
I am truly sorry for your loss...
The journey of grief is so different for each person and you can feel alright on one day and devastated on another day...Give your self ample time to grieve and speak about her; it will be painful but the more you allow yourself to speak about her, you will notice that you are closer to accepting the fact of your loss...it is a journey, so do take your time...
But in the meantime, do make sure that you do take help in the form of a support system of your family and friends. Yes, they do have their own lives but I am sure that they will step in kindly when it is required.
Also, you might find that you socially isolate yourself and move away from everything that used to give you joy. You must find a way of getting back to all of those things reminding yourself that you must live your life too...this is initially a way of filling the vacuum, but soon you will find that it does more that just distract you.

Finding another life partner is a decision that is yours to make; but I will suggest that you heal from the loss and then if and when you feel the time is right, you may seek a life partner. But right now, all you will do is find a huge respite to fill in your loneliness and not be able to form a connection with that person. So, take care of yourself first, heal well and then slowly make life-altering decisions.

All the best...I am sure you can do this!

..Read more

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Career

Career Coach  |38 Answers  |Ask -

Workplace Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Career
I am Anagha, 31, a banking professional working in a private organisation. I am frustrated with my job. My work involves a lot of travel and my manager is constantly finding ways to keep me engaged even post office hours. I have a 4 year old daughter and my husband complains that we have no work-life balance. Should I take a career break or consider moving to another organisation? Please suggest how I can have a better work-life balance.
Ans: Hey Anagha, it sounds like you're juggling quite a few balls in the air—and let's face it, even the best circus performers need a break sometimes! It's understandable to feel frustrated when your work-life balance starts resembling a Bollywood drama with too many plot twists.

Taking a career break or exploring new job opportunities are both valid options, but before you make any decisions, let's sprinkle some strategic spice into the mix:

1. **Have a Heart-to-Heart**: Start by having an honest conversation with your manager about your workload and the impact it's having on your work-life balance. Sometimes, they might not realize the toll it's taking on you, so speak up and express your concerns. After all, communication is key, just like the perfect recipe for a spicy curry!

2. **Set Boundaries**: Boundaries are your best friends when it comes to achieving work-life balance. Set clear expectations with your manager about when you're available and when you need time for your family. And remember, saying no is not a crime—it's a superpower that ensures you don't spread yourself too thin like butter on toast!

3. **Explore Flexible Options**: See if your organization offers flexible working arrangements like remote work or flexible hours. With technology on our side, you can slay dragons from the comfort of your own castle (a.k.a. your home office), giving you more time to spend with your little one without sacrificing your career ambitions.

4. **Consider Your Options**: If the situation doesn't improve despite your efforts, it might be time to explore other opportunities. Look for organizations that prioritize work-life balance and offer a culture that aligns with your values. After all, life's too short to spend it feeling like you're stuck in a traffic jam on the road to happiness!

5. **Take Care of Yourself**: Last but certainly not least, don't forget to prioritize self-care. Whether it's indulging in your favorite hobbies, spending quality time with your family, or simply taking a moment to breathe, remember that you deserve to recharge your batteries just like your smartphone needs a daily dose of juice!

Finding the right balance between work and life is like mastering the perfect dance routine—it takes practice, patience, and a few missteps along the way. But with a little determination and a sprinkle of Bollywood magic, I have no doubt you'll find your rhythm and waltz your way to a happier, more balanced life!

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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Sir, am 45yrs earning 61k monthly. Another 15years of service. I have a daughter 10yrs old. I want to have a corpus of 1cr at 60. Can u plz suggest how much I should start investing in SIP. My expenses include Lic 15700 for another 3yrs payment Reliance Nippon 36800 for another 4yrs payment Home loan EMI for 21667PM for another 4years Rent paying for 9500 per month Monthly expenses for 15k to 20k per month Income i get Salary 61000 permonth Rent from flat 8300 Plz suggest me to lead peacefull life. Thank u Sir Vikas
Ans: To achieve a corpus of 1 crore at the age of 60, you'll need to start investing in SIPs diligently. Here's a breakdown to help you plan:

Current Monthly Expenses:
LIC: ?15,700 (for 3 years)
Reliance Nippon: ?36,800 (for 4 years)
Home Loan EMI: ?21,667 (for 4 years)
Rent: ?9,500
Other Expenses: ?15,000 to ?20,000
Total Expenses: ?98,667 to ?103,667
Monthly Income:
Salary: ?61,000
Rent from Flat: ?8,300
Total Income: ?69,300
Monthly Surplus:
Monthly Income - Monthly Expenses = ?69,300 - ?98,667 to ?103,667
Monthly Surplus (Deficit): -?29,367 to -?34,367
Investment in SIP:
Since you have a deficit in your monthly surplus, you'll need to adjust your expenses or increase your income to accommodate SIP investments.
Aim to allocate a portion of your surplus towards SIP investments. The amount will depend on your ability to cut expenses or increase income.
To calculate the required SIP amount, you can use online SIP calculators considering factors like expected rate of return, investment horizon, and inflation rate.
Start with a manageable SIP amount and gradually increase it as your income grows or expenses reduce.
Peaceful Life:
Review your expenses regularly and prioritize savings and investments to achieve your financial goals.
Focus on creating an emergency fund to cover unforeseen expenses and protect your financial stability.
Consider consulting with a financial advisor to create a comprehensive financial plan tailored to your specific needs and goals.
Stay disciplined in your financial habits, avoid unnecessary debt, and invest in assets that align with your risk tolerance and investment horizon.

By carefully managing your expenses, increasing your income, and prioritizing savings and investments, you can work towards building a corpus of 1 crore by the age of 60 while leading a peaceful and financially secure life.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
I am 39 year old married we are leaving with our 7year old daughter. I have 1Cr term insurance. I have 5L office + 5L personal health Insurance. Current Cumulative (me and wife) income 135000 per month. Liabilities Home Loan 24L remained paying 21500 per month EMI. Other Loans - 225000, 10000 per month EMI. My Current detailed investment. NPS 368000/-, 6643 per month EPF 827000/-, 16000 per month Total Mutual Funds 612000/-, 7750 per month Nippon India Small cap 112000/-, 500 per month Mirae asset Larg & Mid Cap 263000/-, 3500 per month, Kotak Flexi cap Fund 142000/- , 1000per month. Prag Parekh Flexi Cap 75450/-, 1750 per month. ICICI Corporate Bond Fund 19750/-, 1000 per month. My Wife investment. Total Mutual Funds 633000/- 13500 per month. Axis Small Cap 94580/-, 1300 per month. Mirae asset Larg & Mid Cap 127000/-, 2500 per month. Motilal Oswal Nasdaq 100 FOF 58390/-, 1600 per month. Axis Blue Chip 184000/-, 4500 per month. Parag Parekh Flexi cap 169000/-, 3600 per month. Sukanya Samrudhi Yojna 75000/-, 1000 per month Cumulatively we have overall Saving till now is 247500/- aprox, and current monthly investment is 44893/- Our currently Monthly expenses are around 50000/- Goals Car of 1500000/- in next 3 to 4 years. Daughters Education 1Cr after 11 years. Daughters Marriage 5000000/- After 17 years. Retirement at 58 years 2Cr life expectancy 75Years (me and wife) Please suggest if goals are reachable with current investment? Please suggest estimated goal amount will be sufficient that time? Please suggest if changes required in goal or monthly or mutual funds investment? Highly appreciated if other suggestions
Ans: You've laid out a comprehensive financial picture with clear goals and detailed investments. Let's analyze and provide insights to help you reach your objectives:

Goals Assessment:
Car Purchase: With your current monthly savings and investment capacity, you're on track to achieve this goal within the specified timeframe.
Daughter's Education: To accumulate 1 crore in 11 years, consider increasing your monthly investment in mutual funds and exploring additional avenues like education-specific investment products or child education plans.
Daughter's Marriage: To accumulate 50 lakhs in 17 years, you may need to enhance your investment contributions further. Review your asset allocation and consider higher-risk, potentially higher-return investments to accelerate growth.
Retirement: Accumulating 2 crores by age 58 seems achievable with your current investments, but it's essential to regularly review and adjust your portfolio to account for changing market conditions and evolving financial needs.
Monthly Investments and Mutual Funds:
Evaluate your current mutual fund portfolio's performance and alignment with your goals. Consider diversifying across different asset classes and fund categories to manage risk and optimize returns.
Increase your SIP amounts gradually, aiming to maximize contributions within your budget constraints. Rebalance your portfolio periodically to maintain an optimal asset allocation.
Consider consulting with a financial advisor to ensure your investment strategy aligns with your risk tolerance, time horizon, and financial goals.
Emergency Fund and Insurance:
Ensure your emergency fund is sufficient to cover at least six months' worth of living expenses. Consider enhancing it further to mitigate unforeseen financial risks effectively.
Review your insurance coverage periodically to ensure it adequately protects your family's financial well-being. Consider supplementing your term insurance coverage if necessary.
Additional Suggestions:
Explore tax-efficient investment options such as Equity Linked Savings Schemes (ELSS) to optimize tax benefits while investing for your long-term goals.
Continuously educate yourself on personal finance and investment principles to make informed decisions and adapt to changing market dynamics effectively.
Regularly reassess your financial plan and goals, making adjustments as needed to stay on track towards achieving financial independence and security.
Overall, with disciplined saving, prudent investing, and periodic review and adjustments, you're well-positioned to achieve your financial goals. Stay focused on your objectives, remain disciplined in your financial habits, and seek professional guidance when needed to navigate your financial journey successfully.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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I'm 33yrs old, My corpus is currently 52Lacs in mutual funds with monthly Sip of 1.1lac since two years, topped up whenever I get bonus or amount from different sources. Apart from this I have 50lacs worth in real estate. I want to generate corpus worth 20cr for my kids education(Next 14 and 18yrs for two kids) and retirement by 50. Is there a way to reach my goal. However, I can increase my sip by 8-10% on average every year with top up from bonus I receive quarterly.
Ans: It's commendable that you're planning ahead for your children's education and your retirement. With disciplined saving and investing, you can work towards achieving your financial goals. Here's a tailored plan to help you reach your targets:

Education Corpus for Kids:
Given your investment horizon of 14 and 18 years for your children's education, you have a significant time frame to accumulate the desired corpus.
Continue your SIPs in mutual funds, increasing them by 8-10% annually, as you mentioned. Regular and disciplined investing can help you benefit from rupee-cost averaging and the power of compounding over time.
Consider investing in a mix of equity mutual funds and diversified across different market segments to balance risk and return potential. You can adjust the asset allocation as your children approach college age to reduce risk.
Retirement Corpus:
With a retirement goal set at 50, you have approximately 17 years to build your retirement corpus.
Continue maximizing your SIP contributions and leverage top-ups from quarterly bonuses to boost your savings.
As retirement approaches, consider gradually shifting your asset allocation towards more conservative investments to preserve capital and generate stable income streams.
Explore retirement-focused investment options such as Employee Provident Fund (EPF), Voluntary Provident Fund (VPF), Public Provident Fund (PPF), and National Pension System (NPS) to supplement your mutual fund investments.
Regular Portfolio Review:
Periodically review your investment portfolio to ensure it remains aligned with your financial goals, risk tolerance, and time horizon.
Monitor the performance of your mutual funds and real estate investments, and make adjustments as needed to optimize returns and manage risk effectively.
Emergency Fund and Insurance:
Maintain an adequate emergency fund equivalent to at least six months' worth of living expenses to cover unforeseen financial emergencies.
Consider purchasing adequate life and health insurance coverage to protect your family and investments against unexpected events.
Seek Professional Advice:
Consider consulting with a Certified Financial Planner or investment advisor to develop a comprehensive financial plan tailored to your goals and financial situation.
A professional advisor can provide personalized guidance, help you navigate investment options, and optimize your investment strategy to maximize returns and achieve your long-term objectives.
With diligent saving, disciplined investing, and prudent financial planning, you can work towards building a substantial corpus for your children's education and your retirement. Stay focused on your goals, remain disciplined in your savings and investment approach, and regularly monitor your progress towards achieving financial independence and security.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
Hi sir am 41yrs old and earning 91k per month and have saving of 1 lac . I have invested 15L in M.I.S ,6.38L in equities and 5k every month in s.i.p.I have two kids , am planning to buy house after 4 years worth 50L kindly tell me any investment plan ...so that I can cover the expense of kids education and marriage
Ans: It's great to see your proactive approach towards financial planning, especially considering your children's education and marriage expenses, as well as your goal of buying a house. Here's a tailored investment plan to help you achieve your objectives:

Education Fund for Children:
Open separate education funds or investment accounts for each child to save specifically for their education expenses.
Consider investing in Equity Mutual Funds or Equity Linked Saving Schemes (ELSS) for long-term growth potential, given your investment horizon.
Start a systematic investment plan (SIP) in diversified equity funds, aiming to accumulate sufficient funds by the time your children reach college age.
Marriage Fund for Children:
Similarly, create dedicated investment accounts for your children's marriage expenses to ensure you have adequate funds when needed.
Explore a mix of equity and debt investments based on your risk tolerance and time horizon.
Consider fixed-income instruments like Public Provident Fund (PPF), Fixed Deposits (FDs), or Debt Mutual Funds for stability and capital preservation.
House Purchase Fund:
Since you plan to buy a house in four years, focus on short to medium-term investment options to accumulate the required down payment.
Consider investing in Debt Mutual Funds or Fixed Maturity Plans (FMPs) for capital protection and relatively higher returns compared to traditional savings accounts.
Evaluate your risk appetite and liquidity needs when selecting investment vehicles for your house purchase fund.
Regular Review and Adjustment:
Periodically review your investment portfolio to ensure it remains aligned with your financial goals, risk tolerance, and time horizon.
Adjust your investment strategy as needed, considering changes in market conditions, personal circumstances, and goal priorities.
Emergency Fund:
Maintain a separate emergency fund equivalent to at least six months' worth of living expenses to cover unforeseen financial challenges or expenses.
Keep this fund in a liquid and easily accessible account such as a savings account or liquid mutual fund.
Consult with Financial Advisor:
Consider consulting with a Certified Financial Planner or investment advisor to tailor an investment plan that suits your specific goals, risk profile, and financial situation.
A professional advisor can provide personalized guidance and help you navigate the complexities of investment planning, ensuring you make informed decisions.
By implementing a structured investment plan tailored to your goals and financial circumstances, you can work towards securing your children's future education and marriage expenses while also saving for your own house purchase. Stay disciplined in your savings and investment approach, and regularly monitor your progress towards achieving these important milestones

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Money
Hi.......I am 45 years old. I am making following investments in Mutual Funds:- I have house of my own, with no liability. I have a investment horizon of 15 years, with high risk taking capacity. I am looking for a retirement corpus of 3-4 crores. I am making following investments in Mutual Funds:- UTI Nifty 50 Index Fund Direct Growth 12000 Tata Small Cap Fund Direct - Growth 4000 SBI Contra Direct Plan Growth 5000 Nippon India Growth Fund Direct- Growth 6000 Quant Small Cap Fund 4000 Nippon India Small Cap Fund 5000 ICICI Prudential Bluechip Fund Direct-Growth 9000 Mahindra Manulife Multi Cap Fund - Direct Plan - Growth 5000 Parag Parikh Flexi Cap Fund 5000 SBI Large & Midcap Fund Direct Plan-Growth 5000 TOTAL 60000 Please analyse the portfolio and advice accordingly.
Ans: Your portfolio reflects a diversified mix of mutual funds across various categories, indicating a thoughtful approach to long-term wealth accumulation. Here's an analysis and some suggestions to consider:

Diversification:
Your portfolio includes funds from different market segments such as large-cap, mid-cap, small-cap, multi-cap, and index funds, providing diversification benefits and exposure to various sectors and themes.
Diversification helps spread risk and can potentially enhance overall returns over the long term.
Index Fund:
UTI Nifty 50 Index Fund offers exposure to the top 50 companies in the Indian equity market, providing stability and consistent returns over time.
Index funds are suitable for investors seeking low-cost, passive investment options that track market performance.
Small and Mid Cap Funds:
Tata Small Cap Fund and Nippon India Small Cap Fund invest in small and mid-cap companies with high growth potential.
While these funds can offer attractive returns, they come with higher volatility and risk. Ensure they align with your risk tolerance and investment horizon.
Contra Fund and Flexi Cap Fund:
SBI Contra Fund and Parag Parikh Flexi Cap Fund follow contrarian or flexible investment approaches, investing across market caps based on market conditions and valuation metrics.
These funds provide flexibility and active management, potentially outperforming benchmark indices over the long term.
Large Cap and Multi Cap Funds:
ICICI Prudential Bluechip Fund, Mahindra Manulife Multi Cap Fund, and SBI Large & Midcap Fund offer exposure to established large-cap and multi-cap companies.
These funds focus on quality stocks with strong fundamentals, providing stability and growth opportunities.
Professional Guidance and Direct Plans:
Instead of investing in direct plans, consider seeking guidance from a Certified Financial Planner or Mutual Fund Distributor (MFD) to optimize your investment decisions.
MFDs can provide personalized advice, portfolio reviews, and ongoing support to help you achieve your financial goals effectively.
Regularly review your portfolio with your MFD to ensure it remains aligned with your objectives and market conditions.
Risk Management:
Given your high-risk tolerance and long investment horizon, it's important to periodically assess and rebalance your portfolio to manage risk and capitalize on growth opportunities.
Stay informed about market developments and macroeconomic trends to make informed investment decisions.
Overall, your portfolio demonstrates a well-diversified approach to long-term wealth creation. Consider leveraging professional guidance from an MFD to optimize your investment strategy and achieve your retirement goals effectively. Regular monitoring and adjustments will be key to maintaining the performance and alignment of your portfolio over time.

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Moneywize

Moneywize   |104 Answers  |Ask -

Financial Planner - Answered on May 05, 2024

Asked by Anonymous - Apr 22, 2024Hindi
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Money
I had purchased an NSC in 2020 and and paid tax every year for the interest on accrual basis. Since last year, it seems post offices are providing data to AIS on receipt basis, that is, whole amount of interest on maturity. What happens to the taxes I have paid in previous years on accrual basis? How do I adjust them?
Ans: The income tax department in India treats interest earned on National Saving Certificates (NSCs) on an accrual basis, even though the interest is paid out at maturity. This means you are correct to have paid taxes on the accrued interest every year.

Here's what happens in your situation:

• No Change for Previous Years: The taxes you've paid on the accrued interest in previous years are valid. You don't need to adjust them.

• Change in Reporting: Since the post office is now reporting the entire interest on maturity to the Annual Information Statement (AIS) on a receipt basis, there might be a mismatch between your tax filing and the AIS data.

Here's how to handle this:

• File Your Return As Usual: File your income tax return (ITR) for the current year including the entire interest received at maturity as income from other sources.

• Explain the Discrepancy: While filing your ITR, you can add a covering letter explaining the situation. Mention that you have already paid taxes on the accrued interest in previous years and provide details like investment year, accrued interest amount for each year, and tax payment proofs (if possible).

It's advisable to consult a tax advisor for personalised guidance on your specific situation, especially if the amount of tax involved is significant. They can help you navigate the process and ensure your tax filing is accurate.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Hi, I am 30 years old, F, married (no kids yet) earning 1.3L/m. Currently I have 4 lakh in FD and a RD of 25K/m earning 7.1% interest. I have been doing SIP of 17.5K(and increase in SIP by 25% yearly). Also, I have an emergency fund of 4 Lakh in savings account. I don't have any knowledge of investment and not sure I am ready to take risk. Please suggest me how to asses risk and what are the best savings option for next 10-12 years.
Ans: It's great that you're taking steps towards financial planning and building wealth for your future. Assessing your risk tolerance is an important first step in determining your investment strategy. Here's a tailored approach to help you assess risk and explore suitable savings options for the next 10-12 years:

Risk Assessment:
Start by understanding your financial goals, time horizon, and comfort level with investment risk.
Consider factors such as your age, income stability, financial obligations, and future aspirations when evaluating risk tolerance.
Reflect on how you would react to market fluctuations and potential losses in your investment portfolio.
Investment Options:
Given your risk aversion, focus on low to moderate-risk investment options that offer stability and steady returns over time.
Explore fixed-income instruments such as Fixed Deposits (FDs), Recurring Deposits (RDs), and Debt Mutual Funds, which provide capital preservation and predictable returns.
Diversification:
While prioritizing safety and stability, consider diversifying your investment portfolio across different asset classes to manage risk effectively.
Allocate a portion of your savings to equity mutual funds or index funds with a conservative approach to benefit from potential long-term growth while minimizing volatility.
Savings Goals:
Identify your financial goals for the next 10-12 years, such as buying a home, starting a family, or saving for retirement.
Prioritize your savings goals based on their importance and urgency, and allocate your investments accordingly.
Regular Review and Adjustment:
Periodically review your investment portfolio and reassess your risk tolerance, financial goals, and market conditions.
Adjust your investment strategy as needed to stay aligned with your objectives and adapt to changes in your financial situation or life circumstances.
Financial Education:
Invest time in learning about different investment options, risk management strategies, and personal finance principles.
Consider seeking guidance from a Certified Financial Planner who can provide personalized advice and help you navigate the complexities of investing.
Remember, while it's important to prioritize safety and stability, being overly conservative with your investments may hinder your ability to achieve long-term financial growth. Find a balance between risk and reward that aligns with your goals and comfort level. With careful planning and informed decision-making, you can build a strong financial foundation and work towards achieving your aspirations over the next decade.

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Ramalingam

Ramalingam Kalirajan  |1389 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi sir am 35yrs old , and i don't have any savings till now. I am planning to do SIP now onwards 30k per month and mai aim is to I need to achieve 1cr till 45yrs. Kindly suggest me some funds were can I invest.
Ans: Starting a Systematic Investment Plan (SIP) is a great step towards building wealth for your future goals. Given your goal of reaching 1 crore by the age of 45, it's essential to choose mutual funds that align with your risk tolerance, investment horizon, and financial objectives. Here are some suggestions for mutual funds to consider for your SIP:

Diversified Equity Funds:
Look for funds that invest across various sectors and market capitalizations to spread risk.
Consider funds with a proven track record of consistent performance and experienced fund managers.
Large Cap Funds:
Large-cap funds invest in established and well-known companies with a track record of stable earnings.
These funds offer relatively lower risk compared to mid and small-cap funds, making them suitable for long-term wealth creation.
Mid and Small Cap Funds:
Mid and small-cap funds have the potential for higher growth but come with higher volatility.
Invest in these funds if you have a higher risk appetite and a longer investment horizon to ride out market fluctuations.
Balanced Funds:
Balanced funds, also known as hybrid funds, invest in a mix of equities and debt instruments.
These funds provide a balance between growth and stability, making them suitable for investors seeking moderate risk with potential for capital appreciation.
Index Funds:
Index funds replicate the performance of a specific market index, such as the Nifty or Sensex.
These funds offer low expense ratios and are ideal for investors looking for passive investment options with diversified exposure to the equity market.
Tax-saving ELSS Funds:
Consider investing in Equity Linked Savings Schemes (ELSS) to benefit from tax deductions under Section 80C of the Income Tax Act.
ELSS funds have a lock-in period of three years and invest primarily in equities, offering the potential for higher returns over the long term.
International Funds:
Explore international funds that invest in global markets to diversify your portfolio and access opportunities beyond domestic markets.
These funds provide exposure to sectors and companies not available in the Indian market and can offer diversification benefits.
Before investing, assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a Certified Financial Planner to create a personalized investment plan tailored to your needs and objectives. Regularly review your portfolio and make adjustments as needed to stay on track towards achieving your goal of 1 crore by the age of 45. Remember, disciplined investing over time can help you achieve your financial aspirations.

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

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