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Anu Krishna  |1042 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 11, 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 - Jun 05, 2024Hindi
Relationship

Hi ma'am , i am a 22 year old girl who is financial independent now . I am very grateful to my parents for everything they did for me but i feel like my mom hasn't let me be the person i want to be . For instance , my mom would pick my clothes for the longest , she would most often not allow me to pick a dress of my choice . Not just this she wouldn't allow me to go out with my friends to a mall (even if it involved the entire class) or a restaurant or have sleepover (with only my group 5/6 girl friends). So much so that they all stopped inviting me back then and still don't invite me . I still let all of this slide . After finishing 10th standard , i wanted to become a doctor and took up NEET coaching . Now again my mom didn't want me to become doctor simply because i would have to study for 10+ years and she wouldn't be able to find a suitable husband for me . I was in the top 5 students in my class and was consistently securing 500 .. 550 out of 720 in the NEET exams . I felt extremely heartbroken because she would continuously fight with me every morning until i dropped the interest in medicine. I am an engineer now and have a nice job but i still feel bad because this wasn't really my choice . I often feel self-doubt now in making my decisions because of how my mom has treated me . Just before my 12th standard exams , a boy on my mom's side was of marriage age , this guys is 10 years older than . even though this guy had a great family and is himself a good guy , it doesn't mean my mom wishes for me to marry him , more so since i am a good student who wanted to study . Luckily neither his parents nor mine initiated any discussions about our marriage . I have always felt like my life is not my own and even now i often have self doubt when i have to make a serious decision for myself . i now have boyfriend who i really want to marry .Both he and his parents like me very much and approve of my marriage . He is 6 years older than me , but i don't see that as a problem because we really get along really well and even my parents have an age gap of 6 years. However my mother doesn't understand this , she was okay with getting me married to a guy 10 years older than because it was an arranged marriage apparently and the same for her own marriage ! All of thing frustrates beyond no measure . She gave us time till the end of the year , so that he can get a better job , but she still keeps talking to me about marriage with other people . Imagining marriage with anybody other than my boyfriend makes me sad . I don't want to let go of my parents and neither my boyfriend because i really don't want to hurt my parents , i also have a younger sister so i don't want to ruin her life either . But i really don't think that choosing whatever will make them happy is right for me , especially since i have been doing that for 22 years already. I already explained to my dad about evrything that makes me sad but my mother doesn't seem to understand any of this . Recently this inicident took place , my laughed about how i cried when a group of friends came to invite me to the mall , she literally fought with them and sent them away while i stayed back at home and cried . This incident was embarrassing for me back then and still makes me sad . My mom hasn't treated me with respect at all , she thinks i should do whatever she says simply because she's my mom . Even though my mom said she'll give me and my boyfriend time , she didn't stick to her words , she didn't ask me for his number but instead thought she would get it from a proffesor in my egineering college . She started ranting to the professor about me loving boyfriend etc etc . This incident again was extremely embarrassing for me . I really don't know what to do . Sometimes i just feel like choosing to die is the simplest way out . please help me ma'am . what is the right thing to do for a girl living in india who is in this situation ?

Ans: Dear Anonymous,
Time to take charge of your life?
Just do it...even a child who is learning to walk must get down from the arms of his/her mother, start walking, fall and then get up again...
The need for independence is something that is ingrained into us from an early age and it is healthy for the caregiver and the child. Your mother missed understanding this and somehow felt that taking control of you will mean care and this has led to expectations from you in return.
And the way to begin to take charge is not rebel and get into a marriage however relieving that may seem; start by taking small decisions. Allow yourself to fail and then try again...
This will give you an added confidence when you are able to decide things on your own and for yourself and it becomes your responsibility. Move on from what has happened to what can happen NOW; this will enable you not let the past stick on...
Once you are back on your feet, that's the time to be firm about your marriage; so be patient with it...Rushing into a relationship now could only mean that you are escaping from the current situation and what is likely to happen is that you will allow yourself to be controlled there as well as that is the only behavior that you have grown up with.
So, become your own person first and then slowly start to explore relationships further...

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

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Anu

Anu Krishna  |1042 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 12, 2022

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Hi Anu mam, I want to share with you my life story because it now killing me everyday. I am 23 years old now and third (unwanted) child of my parents. I have two elder sisters, 2nd sister was adopted by my father's sister and now I have one elder sister only.If I talk about my childhood, I have no good memories, not a single picture of mine.My father has always been busy at our family shop, only source of our income with my bade papa.He never took any interest in my studies, school admissions, parents teacher meeting etc... He was always like a strict father without any strict responsibility on him. And my mother is a very simple and innocent Jain lady who believes in Jainism and God. So in my childhood we were not a united family, we were more like small scattered pieces of a family who were living with no hope and no future planning or future expectations.As a kid, I spent most of the time watching tv or playing cricket. I have feared to ask my dad to buy me a cricket bat due to which I stole money from his wallet and buy my things for which i’d be brutally beaten if caughtI studied in a Hindi medium school which was in front of my house. I studied there till 3rd class and then my mother did some efforts to get admission in English medium school but she didn't succeed. I took admission in another Hindi medium school. I worked hard at my level but never received any support from my parents especially from my father.I passed my senior secondary in the year of 2015 in Math stream with 69% and want to pursue Engineering but my father does not want me to pursue that he wanted me to pursue Law so I took admission at local university and completed my graduation in 2020.During my 1st year of graduation I realised that my father has an affair with someone. This caused serious trauma for my mother and me. We felt this was the reason for him not being interested in our life at all time. In my 3rd year of graduation I founded that my elder sister was in a serious relationship with someone which added to our trauma because we were also facing financial problems that time. The problem arose when 3-4 years ago I came to know that I have knock knee problem in my both legs since childhood. I couldn't tell about this to my family.So now I am unemployed, facing knee problem and depression. I don't know what to do. Should I leave my father for life and look forward to any small job and live my life, make my new family? I want you to give me advice according to my current situation. I will wait for your advice.
Ans: Dear AJ,

I can only imagine what it must be like for you. But I am not going to feel sorry for you as life presents challenges as opportunities.

You have had the opportunity to learn from each of your challenge, academically, personally, and professionally.

Focus on yourself now. What happened or didn’t happen in your childhood or the past only makes you feel like a victim and that isn’t useful when you are trying to solve a problem.

Focus on how you can better your quality of life despite your physiological issue.

Sit down with the doctor and ask:

How can I get treated?

Does it involve any surgery?

Will physiotherapy help in easing my condition?

You depression (which I imagine is self-diagnosed) is on account of you treating yourself as a victim, will change once you move into a positive mode where you treat yourself with respect and love.

Only you can better your situation and it is possible for you if you choose to look at all the things that are possible by you once you become mentally stronger. Then your academic or personal or professional challenges will not come in the way.

So Take Charge and NOW. All the best to you!

..Read more

Anu

Anu Krishna  |1042 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 12, 2022

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Relationship
Hi Anu mam, I want to share with you my life story because it now killing me everyday. I am 23 years old now and third (unwanted) child of my parents. I have two elder sisters, 2nd sister was adopted by my father's sister and now I have one elder sister only.If I talk about my childhood, I have no good memories, not a single picture of mine.My father has always been busy at our family shop, only source of our income with my bade papa.He never took any interest in my studies, school admissions, parents teacher meeting etc... He was always like a strict father without any strict responsibility on him. And my mother is a very simple and innocent Jain lady who believes in Jainism and God. So in my childhood we were not a united family, we were more like small scattered pieces of a family who were living with no hope and no future planning or future expectations.As a kid, I spent most of the time watching tv or playing cricket. I have feared to ask my dad to buy me a cricket bat due to which I stole money from his wallet and buy my things for which i’d be brutally beaten if caughtI studied in a Hindi medium school which was in front of my house. I studied there till 3rd class and then my mother did some efforts to get admission in English medium school but she didn't succeed. I took admission in another Hindi medium school. I worked hard at my level but never received any support from my parents especially from my father.I passed my senior secondary in the year of 2015 in Math stream with 69% and want to pursue Engineering but my father does not want me to pursue that he wanted me to pursue Law so I took admission at local university and completed my graduation in 2020.During my 1st year of graduation I realised that my father has an affair with someone. This caused serious trauma for my mother and me. We felt this was the reason for him not being interested in our life at all time. In my 3rd year of graduation I founded that my elder sister was in a serious relationship with someone which added to our trauma because we were also facing financial problems that time. The problem arose when 3-4 years ago I came to know that I have knock knee problem in my both legs since childhood. I couldn't tell about this to my family.So now I am unemployed, facing knee problem and depression. I don't know what to do. Should I leave my father for life and look forward to any small job and live my life, make my new family? I want you to give me advice according to my current situation. I will wait for your advice.
Ans: Dear AJ,

I can only imagine what it must be like for you. But I am not going to feel sorry for you as life presents challenges as opportunities.

You have had the opportunity to learn from each of your challenge, academically, personally, and professionally.

Focus on yourself now. What happened or didn’t happen in your childhood or the past only makes you feel like a victim and that isn’t useful when you are trying to solve a problem.

Focus on how you can better your quality of life despite your physiological issue.

Sit down with the doctor and ask:

How can I get treated?

Does it involve any surgery?

Will physiotherapy help in easing my condition?

You depression (which I imagine is self-diagnosed) is on account of you treating yourself as a victim, will change once you move into a positive mode where you treat yourself with respect and love.

Only you can better your situation and it is possible for you if you choose to look at all the things that are possible by you once you become mentally stronger. Then your academic or personal or professional challenges will not come in the way.

So Take Charge and NOW. All the best to you!

..Read more

Anu

Anu Krishna  |1042 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 22, 2022

Relationship
Hi Anu, I am Mr R. Recently I came to read about the life situations many are facing and saw you are helping them. Am also in a situation like that. I am a single child to my parents.I had a fair childhood till I reached my 8th std. From that point (I don't know why and how) my father changed completely. He started quarrelling with my mom about small things and things worsened. I have seen my mom crying all day. I didn't know what to do at that time. I felt lonely, alone, frustrated.In my 11th grade, my father and mom decided to get separated. Father decided to sell our house but we had much debt in the bank as my mom had taken loans to build a new house. Later my father told her to sign in the divorce paper so that he could sell the house and give us the money to clear bank dues.He sold the house for a huge amount but gave us a small portion of it, which was not enough to clear the dues. Mom fainted in the government office when he told that he won't give us a single penny. In family court I have seen mom crying in front of the judge when he asked whether she wants to continue with my father or get divorced. She did not have an option, but to tell the court judge she wanted a divorce.From that day, I cared for my mom more than ever, more than my life. I couldn't even think of anyone telling me bad about my mom. We moved to a rented house and stayed in rented houses for about more than 15 years.My mom is 59 and will soon retire. She wants me to get married before her retirement. So I told her ok.Things change here.... This is my situation now and I need help.... I wrote about my past life above because I want Anu mam to know why am writing this mail to you....I was 28 when my mom wanted me to get married. But I was not ready for it. I wanted a girl who would love my mom more than I did. I wasn’t sure if a girl from a matrimonial site would be able to love my mom.However, one day my mom said she had found a good girl for me from a matrimony site and showed me the photo. She was from a rural area. We lived in the city. I asked my mom if will be a good match. She’d spoken to the girl’s family members and felt they were good. We decided to go and see the girl. When we went to her house, she was very polite and well behaved with my mom. I felt like I was about to start a new chapter in life. That it will be a good beginning. But it wasn't.Six months after marriage her attitude towards my mother was very rude sometimes. I felt bad but ignored. As days passed, she started debating with my mom for silly matters.1. The first quarrel was regarding the name of a fish. We bought some fish in home... My mom said this fish name is xxxx.... My wife told the fish name is xx and they started debating2. As am from Kerala, my mom had prayed that she will do my thulabharam if I get married before her retirement. In the temple my wife was meant to stand next to me during the ritual. However, when I searched for my wife she was standing far away. My heart broke. I began to worry if my life will also turn to be like my parents'.3. Two months after my marriage I heard that my father had committed suicide. I went to the temple to complete his last rites. As per the ritual, when I return home, my wife is supposed to prepare a sadhya (a full meal). But she fought with me for some silly matter and went to sleep without eating anything. She hadn’t cooked anything that day. My mother begged her to have food but she didn’t relent.She’d quarrel on all festive occasions be it Onam or Diwali. I didn’t tell anyone about it. When things get tense at home, she’d pretend to be ill and short of breath. One day I informed her brother. What he told shocked me. He told me to ignore her saying she must be pretending. I am worried that if something happens to her, I’d be blamed for it. With this fear, my mom and I are tolerating her.After 2 years of marriage, she became pregnant and gave birth to a baby girl. One day I saw my mom crying. When I asked her, she said that whenever my mother takes my baby in her hand my wife comes and grabs the baby away.One day I closely monitored the situation. I saw her grabbing my baby from my mother when my mom took her. I asked my wife, what's wrong and scolded her. The situation got worsened and she gave a silly answer.... She told me, she is worried about whether my baby will fall down from my mother's hand..... I informed her family and they gave her some advice and told her she need some doctor consulting regarding this.... While talking to their family I realised that she was like this before marriage as well.After the advice, for a few days, things were calm. Later, she started again. She'd stare at my mom whenever she'd give any advice.She is negative in all ways. Now her dad and mom have stopped calling me. Today while writing this e-mail she’d scolded my mom for recording my baby’s video saying my mom will send it to everyone. My baby was wearing a top and diaper nappy. When I asked her why she is behaving like this to mom, she said that my mom is not good to her. I cannot explain each and every quarrel but the reasons are quite silly. What should I do? After my father's issues, I thought my life after marriage will be good but it’s proving to be wrong.Waiting for an answer.
Ans:

Dear Mr R,

What exactly are you looking for as guidance from me?

That is something that you haven’t clearly stated.

Your narration of the story of your life gives me an understanding that you are at crossroads right now.

When at crossroads, ask yourself:

  • Where am I right now?
  • Am I stuck and unhappy?
  • How can I move forward from here?
  • What are the best alternatives that I haven’t tried before?
  • Have I done everything in the marriage to build it?

Clearly you and your wife see things differently and the only way is to sort this out if that’s what you want.

Coming from different backgrounds, there have possibly been a lot of adjustment issues for her.

Also, your closeness to your mother might have somewhat interfered in looking at your wife’s issues clearly and getting closer to her.

These are possibilities and since I do not know what you actually seek, I can only say: if you want to save your marriage, work on it with the help of your mother who as an elder can advise you appropriately.

It takes two people to build a relationship and it takes just one unrealistic expectation to bring that relationship down.

So, cast aside any expectation and approach this with a clear mind and a kind heart.

All the best!

..Read more

Kanchan

Kanchan Rai  |287 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 30, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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Relationship
Dear Madam, Iam a 45 year old woman. Ever since I was a kid I had went through lot of bullying by my rekatives for the way I look but my parents never supported me in any way instead found fault in ne for complaining but would always support my younger brother. Somewhere down the line I thought this was all I deserved and let oeople walk all over me without standing up for myself. Now that Iam a mother myself of a 15 year old kid with dyskexia, i have sacrificed my career fir his sake and still get bullied by my relatives dir being a useless house wife. I have started drawing boundaries around me to protect my mental sanity and allow only few people in it which invludes a small group of friends and my son and husband. I avoid making new friends. I have also stopped attending any social events that involves my relatives. Meanwhile I have started deeply resenting my parents who want ne to take care of them but openly favour my brother who lives abroad. I have taken care of them everytime they require neducal treatments yet my father openly says that he plans to give all his property to my brother who is never coming back. Its not about the money here but the apathy they have towards me that kills me from inside. I have tried to talk to them multiple times but each time my mother creates a scene and puts the enture blame on me. For once in my life i want my parents to love me unconditionally the way I do with my son. Am i wrong to expect that? This is causung lot of health issues in me. Please advise.
Ans: First and foremost, it's crucial to recognize that your feelings are valid. It's natural to want love and support from your parents, especially after all you've done for them. It's not wrong to expect unconditional love from your family; however, sometimes, unfortunately, families can be complex and dysfunctional, and our expectations may not always be met.

Drawing boundaries and prioritizing your mental health and well-being is a positive step. It's essential to protect yourself from toxic relationships and environments, even if it means distancing yourself from certain family members. Surrounding yourself with supportive friends and loved ones, like your son and husband, is vital for your emotional health.

Regarding your parents, it's clear that their behavior is hurtful and unjust. It's understandable that you would feel hurt and resentful toward them, given their favoritism towards your brother and lack of appreciation
for your sacrifices and care. However, it's also essential to recognize that you cannot control their actions or attitudes. You can only control how you respond to them.

While it's challenging, try to approach conversations with your parents from a place of empathy and understanding. Express your feelings calmly and assertively, focusing on how their actions make you feel rather than blaming them. It's possible that they may not even realize the extent of the hurt they're causing you. However, it's also essential to set realistic expectations. If your parents continue to be unsupportive or dismissive, it may be necessary to limit your interactions with them for the sake of your own well-being.

Remember to prioritize self-care and seek support from a therapist or counselor if you're struggling with your mental health. It's okay to seek professional help to navigate through these difficult emotions and experiences. You deserve love, respect, and validation, and it's essential to surround yourself with people who uplift and support you.

Lastly, continue to cherish the love and bond you have with your son and husband. They are your pillars of support, and together, you can navigate through these challenges. You're stronger than you realize, and you have the power to create a fulfilling and loving life for yourself, regardless of the negativity from others.

..Read more

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Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

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Hi, I am 48 year old male working in a IT firm. I earn 1.3 L per month and my monthly expense is 70k per month. I have EPF of 45L, Nps of 22L, shares of 50L, fd of 80L. I also have additional residential property of about 40L. I have no loans. I would like to retire early in a year or two and would like to spend rest of life without any financial issue. Kindly advice.
Ans: Evaluating Your Financial Position

You earn Rs 1.3 lakh per month and have monthly expenses of Rs 70,000. Your current investments include:

EPF: Rs 45 lakh
NPS: Rs 22 lakh
Shares: Rs 50 lakh
FD: Rs 80 lakh
Residential Property: Rs 40 lakh
You plan to retire early in a year or two and want a secure financial future.

Monthly Expenses and Inflation

Your current monthly expenses are Rs 70,000. Considering inflation, this amount will increase over time. Plan for increasing expenses to ensure a comfortable lifestyle.

Evaluating Retirement Corpus

Your retirement corpus should be able to cover your expenses for the rest of your life. Let's analyze how your current investments can support you.

EPF and NPS

EPF and NPS are excellent for retirement as they provide regular income and tax benefits. However, their liquidity is limited until retirement age.

EPF: Consider keeping this until you reach the official retirement age for a stable income.
NPS: Provides regular annuity post-retirement. Continue investing till you retire.
Shares and FD

Your shares and FD can provide a mix of growth and stability.

Shares: These can offer good returns but are subject to market risks. Plan a strategy to withdraw gradually to mitigate risks.
FD: Provides stable returns. Consider laddering your FDs to have a continuous income stream.
Residential Property

You can either rent out or sell your additional property. Renting can provide a steady income, while selling can add to your corpus.

Building a Retirement Corpus

Calculate the amount needed for your retirement corpus to sustain your lifestyle.

Current Monthly Expenses: Rs 70,000
Annual Expenses: Rs 8.4 lakh (70,000 x 12)
Assuming you need this for the next 30 years, considering inflation and other factors, your corpus should be substantial.

Investing Post-Retirement

Once you retire, the goal is to ensure that your corpus generates a steady income.

Systematic Withdrawal Plan (SWP): Invest in mutual funds and set up an SWP to get regular monthly income.
Balanced Funds: Invest in balanced funds for a mix of equity and debt.
Debt Funds: Provide stability and can be used for short-term goals.
Emergency Fund

Keep an emergency fund equivalent to 6-12 months of expenses. This should be easily accessible, like in a savings account or liquid funds.

Health Insurance

Ensure you have comprehensive health insurance coverage. Medical expenses can be a significant burden, so having a robust plan is crucial.

Regular Review

Regularly review and adjust your investments to match your needs and market conditions. A Certified Financial Planner can help you with this.

Final Insights

To retire comfortably, ensure a mix of growth and stability in your investments. Maintain liquidity for emergencies and healthcare. Plan for inflation and increasing expenses. Regularly review your investments to stay aligned with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

Asked by Anonymous - Jul 03, 2024Hindi
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Money
Hi, I have 35 years old, my in salary is 19LPA in hand. I have a fixed deposit of 2 lakh, 15k sip, 2L invested in stock, 2lakh and 4 lakh emergency fund I have a 2 years old daughter, I don't have any loan. how to plan my retirement
Ans: You are 35 years old with a monthly salary of Rs 19 lakhs per annum in hand. You have a fixed deposit of Rs 2 lakh, a SIP of Rs 15,000, Rs 2 lakh invested in stocks, and a Rs 4 lakh emergency fund. You also have a 2-year-old daughter and no loans.

Evaluating Your Financial Goals
Your primary goal is to plan for retirement. This involves determining how much you need to retire comfortably and creating a plan to achieve that goal.

Setting Retirement Goals
Retirement Age: Decide when you want to retire. Let's assume at age 60.
Post-Retirement Expenses: Estimate your monthly expenses during retirement. Factor in inflation.
Emergency Fund
You already have an emergency fund of Rs 4 lakh. This is a good start. Ensure it covers at least 6-12 months of expenses.

Maintain Adequate Coverage: Regularly update your emergency fund as your expenses grow.
Fixed Deposit
Your Rs 2 lakh fixed deposit provides a safety net but offers low returns.

Consider Alternatives: Higher returns options like debt mutual funds for better growth.
SIP (Systematic Investment Plan)
Your Rs 15,000 SIP is a disciplined approach to investing.

Increase SIP: As your income grows, increase your SIP amount. Aim for at least 20-30% of your salary in investments.
Stock Investments
You have Rs 2 lakh invested in stocks.

Diversify Portfolio: Ensure your stock investments are diversified to reduce risk.
Regular Review: Monitor and review your portfolio regularly.
Retirement Corpus Calculation
Estimate the corpus needed for retirement based on your current lifestyle and inflation.

Online Calculators: Use retirement calculators for precise estimates.
Investment Options
Mutual Funds
Mutual funds can provide good returns over the long term. Consider a mix of equity and debt funds.

Equity Funds: For long-term growth.
Debt Funds: For stability and income.
Public Provident Fund (PPF)
PPF is a safe investment with tax benefits. It offers good returns over the long term.

Invest Regularly: Maximize your PPF contributions annually.
National Pension System (NPS)
NPS is a retirement-focused investment option with tax benefits.

Regular Contributions: Invest regularly for long-term growth and retirement corpus.
Child's Education Fund
Start planning for your daughter's education early.

Education SIP: Set up a separate SIP for your daughter's education fund.
Child Plans: Consider child education plans for specific goals.
Insurance
Ensure you have adequate life and health insurance coverage.

Life Insurance: Term insurance to cover financial liabilities.
Health Insurance: Adequate health coverage for the family.
Tax Planning
Optimize your tax savings through various investment options.

Tax-saving Instruments: Utilize PPF, ELSS, and NPS for tax benefits.
Creating a Diversified Portfolio
A well-diversified portfolio reduces risk and enhances returns.

Asset Allocation: Allocate assets across equity, debt, and alternative investments based on risk tolerance.
Suggested Allocation
Equity Funds: 60% for long-term growth.
Debt Funds: 20% for stability.
PPF/NPS: 20% for retirement and tax benefits.
Regular Monitoring and Review
Regularly review and adjust your investment portfolio to ensure it aligns with your goals.

Annual Reviews: Review your portfolio and make adjustments annually.
Consult CFP: Work with a Certified Financial Planner for personalized advice.
Final Insights
Planning for retirement requires a disciplined and diversified approach. Increase your SIP, diversify investments, and utilize tax-saving instruments. Regularly review and adjust your portfolio to stay on track. Leverage the expertise of a Certified Financial Planner for optimal results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

Asked by Anonymous - Jul 02, 2024Hindi
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Money
My current monthly income is 1.2l i have a ppf of 15k and RD of 15k per month. I have 2 SIPs worth 3k each a month. Kindly suggest how much should I invest and where to invest so that I get around 4 5 Cr by the age of 45. FYI my current age is 29 and i hold no liabities as of now and unmarried.
Ans: You aim to accumulate Rs. 4-5 crores by the age of 45. With a current monthly income of Rs. 1.2 lakhs, you have a strong base to achieve this goal.

Current Investments
Your current investments include:

PPF: Rs. 15,000 per month

RD: Rs. 15,000 per month

SIPs: Rs. 6,000 per month (2 SIPs of Rs. 3,000 each)

Assessing Your Current Investments
PPF:

Advantages:

Safe and secure investment.

Tax benefits under Section 80C.

Decent long-term returns.

Disadvantages:

Lock-in period of 15 years.

Limited growth compared to equities.

Recurring Deposit (RD):

Advantages:

Guaranteed returns.

Suitable for short-term goals.

Disadvantages:

Taxable interest income.

Lower returns compared to mutual funds and stocks.

Systematic Investment Plans (SIPs):

Advantages:

Disciplined investment approach.

Potential for high returns over long term.

Rupee cost averaging benefits.

Disadvantages:

Market-linked risks.
Recommended Investment Strategy
Increase Equity Exposure
To achieve Rs. 4-5 crores by 45, you need higher equity exposure. Equity investments have historically provided higher returns compared to debt instruments.

Increase SIPs:

Increase SIP investments to Rs. 40,000 per month.

Diversify across large-cap, mid-cap, and multi-cap funds.

Balanced Approach
Maintain a balanced approach by continuing some investments in safe instruments.

Continue PPF:

Keep contributing Rs. 15,000 per month.

Provides stability and tax benefits.

Review RD:

Evaluate RD returns.

Consider diverting some RD funds to equity or hybrid funds for better growth.

Consider Hybrid Funds
Hybrid funds provide a mix of equity and debt, offering balanced risk and returns.

Monthly Investment:

Invest Rs. 10,000 per month in hybrid funds.

Suitable for moderate risk tolerance.

Emergency Fund
Ensure you have an emergency fund covering 6-12 months of expenses.

Safety Net:

Maintain liquidity for unforeseen expenses.

Keep it in a liquid fund or high-interest savings account.

Regular Reviews and Rebalancing
Monitor and rebalance your portfolio periodically to stay aligned with your goals.

Portfolio Review:

Quarterly or semi-annual reviews.

Adjust based on market conditions and personal goals.

Final Insights
To achieve Rs. 4-5 crores by 45, increase your equity exposure. Consider enhancing your SIP contributions significantly. Maintain a balanced approach with continued PPF contributions and emergency funds. Regularly review and rebalance your portfolio. This strategy aligns with your financial goals and risk profile, ensuring a secure and prosperous future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

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My Father has purchase a property for rs 115000 in year 1994.at Bhayandar west district Thane at Maharashtra state.and my Father did this registration in amnesty scheme in year 2008.and after that my Father died in year 2014.and after I made a release deed transfer this property in my name (son). I sold this residential property in June 2024for rs 30lakh.in this case I want to know the status of capital gain is there or not I also want to know if I sell this residential property .I can purchase ashop or not. If I want to save capital gain what is the solution to save my tax. Thanking u.
Ans: You sold a property in June 2024 for Rs 30 lakh. It was bought for Rs 1,15,000 in 1994. Let's evaluate if there's a capital gain.

Indexed Cost of Acquisition

The property purchase cost will be adjusted for inflation. This is called the Indexed Cost of Acquisition (ICA). The ICA is calculated using the Cost Inflation Index (CII) provided by the Income Tax Department.

Calculating Indexed Cost

Calculate the ICA to understand your capital gain. Since we won't use specific formulas here, you can consult a Certified Financial Planner to get the precise ICA value. This helps in determining the exact capital gain.

Long-Term Capital Gains (LTCG)

Since you held the property for more than 24 months, it is classified as a long-term asset. The profit from the sale, after adjusting for the ICA, is your Long-Term Capital Gain (LTCG).

Tax on LTCG

LTCG is taxed at 20% with indexation benefits. However, there are ways to save on this tax.

Investing in Another Property

You can save on capital gains tax by investing in another residential property. This is covered under Section 54 of the Income Tax Act. If you buy a residential house within two years or construct one within three years, you can claim exemption.

Investing in Capital Gains Bonds

Another option is to invest in Capital Gains Bonds under Section 54EC. These bonds have a lock-in period of five years and provide tax exemption on the gains. The maximum investment limit in these bonds is Rs 50 lakh.

Purchasing a Shop

Buying a shop will not provide capital gains tax exemption under Section 54. The exemption is only for residential properties. If you sell a residential property, you must reinvest in a residential property to save on capital gains tax.

Other Options to Save Tax

Residential Property: Invest in another residential property within two years.

Construction: Construct a new house within three years.

Capital Gains Bonds: Invest in these bonds within six months of the sale.

Final Insights

To save on capital gains tax, reinvest in a residential property or Capital Gains Bonds. Purchasing a shop will not help in saving tax on capital gains. Consulting a Certified Financial Planner can help you navigate these options efficiently.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

Asked by Anonymous - Jul 02, 2024Hindi
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I am 58 years old and draw a monthly pension of 45K. I made a lot of money post taking a VRS 15 years back but spent most of it on my only child travelling and a home worth 5 cr plus. I am covered for medical/heath by CGHS and also a 30 lac private health insurance. I have about 30 lac worth jewellery and a similar amount in my SB account. Please advise what should be my investment plan to ensure a regular monthly income of atleast 30K per month in addition to the pension I get.
Ans: You are 58 years old and receive a monthly pension of Rs 45,000. You have spent a significant amount on your child's education and travel, and own a home worth over Rs 5 crore. You have medical coverage from CGHS and a private health insurance worth Rs 30 lakh. Additionally, you possess jewellery worth Rs 30 lakh and have Rs 30 lakh in your savings bank account. Your goal is to ensure an additional monthly income of at least Rs 30,000.

Evaluating Your Investment Needs
Your primary need is to generate a regular income of Rs 30,000 per month. This should be achieved with minimal risk and high liquidity.

Liquid Funds
Liquid funds are suitable for very short-term investments. They invest in high-quality, short-term securities. These funds offer safety and liquidity, making them ideal for maintaining emergency funds.

Safety: Invests in high-quality securities.
Liquidity: Easy access to funds.
Ultra-Short Duration Funds
Ultra-short duration funds are suitable for a horizon of 6 months to 1 year. They offer slightly higher returns compared to liquid funds while maintaining a low level of risk.

Higher Returns: Better than liquid funds.
Low Risk: Invests in low-risk instruments.
Short Duration Funds
Short duration funds are suitable for an investment horizon of 1 to 3 years. These funds invest in debt instruments with short maturities and offer a balance between risk and return.

Moderate Risk: Suitable for short-term goals.
Reasonable Returns: Better than ultra-short funds.
Monthly Income Plans (MIPs)
Monthly Income Plans can provide a regular income. These funds invest in a mix of debt and equity, offering a steady income with potential capital appreciation.

Regular Income: Suitable for monthly income needs.
Balanced Risk: Mix of debt and equity.
Benefits of Actively Managed Funds
Actively managed funds can provide better returns compared to index funds. These funds are managed by professional fund managers who make strategic decisions to outperform the market.

Professional Management: Expert fund managers handle your investments.
Flexibility: Adapt to market changes.
Disadvantages of Index Funds
Index funds track a specific market index, but they may not perform well in all market conditions. They lack active management and can result in average returns.

Average Returns: May not outperform the market.
Lack of Flexibility: Cannot adapt to changes quickly.
Investing Through a Certified Financial Planner
Investing through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) credential offers several benefits. These professionals provide tailored investment strategies and regular portfolio reviews.

Personalized Advice: Tailored to your needs.
Regular Reviews: Ensures your investments stay on track.
Creating a Diversified Portfolio
A diversified portfolio can help reduce risk and enhance returns. Spread your investments across different funds to achieve better stability and growth.

Suggested Allocation
Liquid Funds: Rs 5 lakh for emergency needs.
Ultra-Short Duration Funds: Rs 5 lakh for short-term goals.
Short Duration Funds: Rs 10 lakh for moderate-term goals.
Monthly Income Plans: Rs 10 lakh for regular monthly income.
Tax Efficiency
Ensure that your investments are tax-efficient. Short-term mutual funds are taxed based on your income slab, while long-term capital gains (if held over 3 years) are taxed at 20% with indexation benefits.

Monitoring Your Investments
Regularly review your portfolio to ensure it aligns with your goals. Make adjustments as needed with the help of your CFP.

Final Insights
Your goal of generating an additional monthly income of Rs 30,000 is achievable through a diversified and balanced investment approach. Focus on liquidity, safety, and moderate returns. Leverage the expertise of a Certified Financial Planner for optimal results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

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Hi, I have 13 funds in my portfolio worth of 28 Lakhs. I have been investigating from last 6 years. Wonder if I need to change my funds for better returns. Thank you.
Ans: Portfolio Overview
Managing 13 funds over 6 years is commendable. A Rs. 28 lakh portfolio shows your commitment. Let’s analyze and evaluate for better returns.

Diversification and Overlap
Diversification reduces risk. However, too many funds can lead to overlap.

Diversification:

Ensures your investments are spread across sectors and asset classes.

Reduces risk associated with a single fund or sector.

Overlap:

Too many funds can lead to similar investments.

This dilutes the benefit of diversification.

Evaluate if your funds are truly diversified or if there is overlap.

Performance Evaluation
Assess the performance of your funds.

Historical Performance:

Check the performance over different market cycles.

Compare with benchmark indices.

Consistency:

Look for funds with consistent performance.

Avoid funds with high volatility.

Fund Manager and Expense Ratio
The fund manager's expertise and the expense ratio impact returns.

Fund Manager:

Evaluate the fund manager’s track record.

Consistency and experience matter.

Expense Ratio:

Lower expense ratios can improve net returns.

High expense ratios can eat into your gains.

Portfolio Rebalancing
Regular rebalancing aligns your portfolio with your goals.

Rebalancing:

Adjust your portfolio periodically.

Maintain the desired asset allocation.

Goals and Time Horizon:

Align your investments with your financial goals.

Consider your time horizon and risk tolerance.

Actively Managed vs. Passive Funds
Actively managed funds aim to outperform benchmarks.

Actively Managed Funds:

Fund managers actively select stocks.

Potential for higher returns.

Disadvantages of Index Funds:

Follow a passive investment strategy.

Limited potential for outperforming the market.

Actively managed funds offer better opportunities.

Professional Guidance
Consult a Certified Financial Planner for tailored advice.

Certified Financial Planner:

Provides personalized investment strategies.

Aligns investments with your goals and risk profile.

Review and Adjust:

Regular reviews are essential.

Adjust the portfolio as per market conditions and personal goals.

Final Insights
Having 13 funds may be excessive. Focus on diversification without overlap. Evaluate the performance, expense ratios, and fund manager’s track record. Regularly rebalance your portfolio. Consider the benefits of actively managed funds over index funds. Seek guidance from a Certified Financial Planner for personalized advice. This comprehensive approach ensures your portfolio aligns with your financial goals and market conditions.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5019 Answers  |Ask -

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

Asked by Anonymous - Jul 01, 2024Hindi
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I want to invest 20000 monthly, for retirement, child education, house, emergency fund and travel abroad every 3yrs. How to allocate my money wisely to get proper return? I have two children, one 5yr old and one 11 years old. I am 37 yr old.
Ans: Investment Allocation for Future Goals

Understanding Your Goals

You want to invest Rs 20,000 monthly for several goals: retirement, children's education, a house, emergency fund, and travel abroad every three years. This approach is commendable. Let's break down how to allocate this investment wisely to achieve these goals.

Children's Education

Your children's education is a high-priority goal. For your 5-year-old, you have 13 years until college. For your 11-year-old, you have 7 years until college. A mix of balanced and growth-oriented funds can work here. These funds can offer steady returns with manageable risk.

Retirement Planning

You are 37 years old, aiming for a substantial corpus by retirement. Investing in equity mutual funds can offer significant growth over the long term. Diversify across large-cap, mid-cap, and flexi-cap funds. These funds can provide higher returns compared to fixed income options.

Buying a House

Buying a house is a major financial goal. If the goal is long-term (10-15 years), equity funds can help. For short-term (5-7 years), balanced funds can be better. They provide a mix of growth and stability. Avoid direct real estate investments due to high costs and low liquidity.

Emergency Fund

An emergency fund is crucial. Aim to have 6-12 months of expenses in liquid assets. Invest in liquid funds or short-term debt funds. These funds offer quick access to your money with moderate returns.

Travel Abroad

Traveling abroad every three years requires regular saving. You can use recurring deposits or short-term debt funds. These options provide stability and predictable returns. You can reinvest the returns for future trips.

Disadvantages of Index Funds

Index funds track market indices and lack flexibility. They don't outperform the market. Actively managed funds, however, aim to outperform. Skilled fund managers can adjust the portfolio to market conditions. This approach can lead to higher returns.

Regular Funds Over Direct Funds

Direct funds have lower expense ratios but need active management. Regular funds offer professional advice from a Certified Financial Planner. A CFP can help you make informed decisions and adjust investments as needed. This guidance can be invaluable for achieving your goals.

Detailed Allocation Plan

Children's Education: Invest Rs 7,000 monthly in balanced and growth-oriented mutual funds. Split the investment between the two funds. This strategy balances risk and growth.

Retirement Planning: Allocate Rs 6,000 monthly to equity mutual funds. Diversify across large-cap, mid-cap, and flexi-cap funds. This allocation leverages long-term growth potential.

House Purchase: Invest Rs 4,000 monthly in a combination of balanced and equity funds. Adjust the mix based on your time horizon.

Emergency Fund: Save Rs 2,000 monthly in liquid or short-term debt funds. Ensure easy access to funds when needed.

Travel Abroad: Set aside Rs 1,000 monthly in recurring deposits or short-term debt funds. This ensures stable returns and funds availability for trips.

Regular Review and Adjustments

Regularly review your investments. Adjust allocations based on market conditions and changes in goals. A Certified Financial Planner can provide ongoing advice and adjustments. This ensures your investments remain aligned with your goals.

Final Insights

Your diversified approach is smart. It balances growth and stability. Regular reviews and adjustments will keep your investments on track.

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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