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Kanchan

Kanchan Rai  |192 Answers  |Ask -

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

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Apr 27, 2024Hindi
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I am married since 2015 and I live in a joint family comprising of more than 20 members .everything was good until member of the families started accusing me of everything bad happening to family .father in law started abusing me ,when husband came in support of me even he was abused and man handled by everyone in the family .we live now in different town 400 away from them ,due to husband job, every now and the we both are made accused of something bad happening in family which the family member of mother in law side are instigating ..like sister in law caught in a relationship she named me for that blaming that i was the one who led the boy to meet and other started saying so to in laws and then same abusing over phone started...husband is supportive and is ready to leave everything for our mental peace but is emotionally down as he has to leave his family ...i am feeling very disturbed now of all this and the situation some how affecting my 5 years old son who always asks for the reasons for crying .

Ans: it's important to prioritize the safety and well-being of yourself and your family. No one should have to endure abuse or false accusations, especially within their own family. It's commendable that your husband is supportive and willing to prioritize your mental peace, even if it means leaving behind his family.

In such toxic and volatile situations, it may be necessary to distance yourselves from the negative influences and create boundaries to protect your mental and emotional health. Moving away from the family home was a positive step, and it's important to continue prioritizing your own well-being and that of your son.

Communication between you and your husband is key during this time. Lean on each other for support, and continue to have open and honest conversations about your feelings, concerns, and plans for the future. Together, you can navigate through this challenging time and make decisions that are in the best interest of your family's happiness and safety.

It's also important to seek support from trusted friends, family members, or a therapist who can offer guidance, empathy, and perspective during this difficult time. You don't have to face these challenges alone, and reaching out for support can provide valuable emotional support and validation.

Lastly, remember to prioritize self-care for yourself and your son. Take time to engage in activities that bring you joy and relaxation, and ensure that your son feels loved and supported during this transition. Children can be sensitive to family dynamics, so providing a stable and nurturing environment is crucial for his emotional well-being.

Overall, it's important to remember that you deserve to be in a safe and supportive environment, free from abuse and false accusations. It may be a difficult journey, but by prioritizing your own well-being and making decisions that are in the best interest of your family, you can navigate through this challenging time and emerge stronger and happier in the end.

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Anu

Anu Krishna  |884 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 08, 2022

Relationship
Hi Anu, 10+yrs of marriage with 9yr child. I am working and all financial burden is on me. I shifted separately from in-laws' house due to financial constraints and expectations. Though elder-in-law, my in-laws didn't try to stop our decision to move separately despite knowing that my hubby doesn't earn a single penny. They expected and I had to share financial expenses with my marginal income 10 years ago. After 5 years, we moved nearby and purchased our own house very little help from in-laws. I took loan and managed the rest with help from my family and friends. In between a lot happened. My father-in-law expired and my mother-in-law is a cancer patient. My mother-in-law started expecting from my hubby and me, probably because her younger son shifted with her family. She didn't want to live with them due to differences with her wife. She complained to my husband that we are not good enough to take care of her. I already had a lot of burden from office so I told my husband to take care of our child as well for sometime. He was quite depressed and frustrated with his inability to earn. Already lot of my hard-earned money has been put in his work n wasted.Now, the real problem during these difficult times began when we started fighting. I had lot of office stress and after mother in law complained, she shifted with her other son. At times, I got frustrated with my child also due to the whole mess, financial burden. I felt like all my hard earned money was wasted due to office stress and my hubby's irresponsible behaviour. He did not even take care of my child’s studies. He started watching porn... I saw him twice and even warned him. My husband started cheating on me with our maid. He did it when he was stressed because I was not able to give him time. I confronted him and since then it has been an emotional trauma. I am yet to accept it. 9 months have been passed. We decided on certain things but I couldn’t accept it.. Due to our emotional bond, I gave him another chance... During that time he accepted and was ready to leave everything and wanted me to be happy. He said he committed a big mistake but recently I found he called that b**ch later. When I confronted him he said he’d advised not to come home in front of his family members. I decided it would be best for him to move out and work from another place. My MIL was living with me but then I felt it too much at times.. now somewhat even my child has emotionally detached from him. It’s the same with him as we've been staying separately from 7 months. He visited 3 times during puja and other needs. I feel emotionally detached and I can’t digest the family situation.Sometimes I feel it's difficult to find the courage to avoid all and live alone. What's the point in living in a marriage for sake of it without having any emotional, physical, financial dependency or security?I am 39 and earn a decent salary at this moment. But I am not sure of my future as I work in a private firm. I am worried about my child’s education, old age, financial insecurity and burden. I haven’t been able to save much because of our financial liabilities and husband’s investments in businesses that never materialised.Before this incident, my husband supported me in my career and also to bring up our child. But what happened is too much and unexpected. Any suggestions?

..Read more

Anu

Anu Krishna  |884 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 14, 2021

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Dear mam, I am married for 14 yrs. Love marriage. I used to work earlier but quit because my husband was earning well and he said he will take care of me and my son. We used to be a happy couple but during the lockdown my mother-in-law and sister-in-law decided to move in with us. Slowly they started creating issues between my husband and me often badmouthing my behaviour or complaining about me. I was unaware about it until recently when we had a big fight. That’s when I realised that they have been planning to drive me out of the house and get him married to someone else whom they can manipulate. It’s been over a year now that my husband is not even talking to me properly. I went and stayed with my parents for some time but even they feel I am a burden and should adjust and accommodate instead of giving them reasons to fight. They don’t understand that all this is politics. Now my husband is talking to some girl whom I don’t like. That is causing more problems and fights between us. Anything I say is used against me now. Please help me mam. What to do?
Ans: Dear R, why did they start to create issues between you and your husband?

What led to this? It rarely happens that people go after people with no reason.

Did you have any reservations about them coming and staying over?

Did you express it in some form to them? (Ask these to yourself so that you know that any act on your part did not lead to this situation. Of course, nothing justifies their plotting to get their son married behind your back).

If the answer to this is NO, then it's time to confront your husband, get a mediator and put things on the table.

What does he want? What do you want?

Do you both want to continue in this marriage?

What are his responsibilities towards your son?

These need to be addressed without anymore delay. Being in a limbo state is not fun as it keeps you guessing and the uncertainty can cause a lot of stress.

Also, kindly sensitise your parents towards what you are going through, so that support you in this time of need.

Act NOW and whatever you decide, put yourself first and take care of you emotional state of mind.

Best wishes!

..Read more

Anu

Anu Krishna  |884 Answers  |Ask -

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

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My name is Gatima, I’m 36 years old and a housewife. I’m married from past 10 years and it was a love marriage. I was bought up in metro cities like Delhi and Mumbai. I married to a guy from Goa and a shipy (merchant navy). I was working when I got married but I left immediately because I wanted to sail with my husband, initial years were good. I have one boy who is 5 now . We used to fight all d time but initially we used to understand each other and patch up fast , but from last one year our fights increased so much and we stop talking for even months. My husband has lots of complaints from me and always blames me for every fight. I’m feeling so guilty. I always curse myself and ask God why he made me so bad person. Whenever we fight, all other family members cut off communication with me. Although I am surrounded by so many I’m alone. I cry most of time but now my eyes have dried and there are no tears. I hate myself and my life. I cannot face the mirror for days bcoz I hate myself. I am living for my 5 year old son. But I’m very depressed and have PCOD . I don’t get sleep plus I get migraine attacks.
Ans: Dear GN, The past year has been different for different people; marriages have been rebuilt, new marriages have taken place, divorces have happened…relationships have gone through a huge transitions, in short.

Of course, not to undermine what you are experiencing right now!

Conflicts, arguments, debates are common in a marriage…but they can be worked upon as long as both of you want the same thing and want to stick around in the marriage.

What according to you has changed now when you say that things used to easily resolve earlier and now that doesn’t happen? What has caused this?

When you say, he complains and blames you, how does he do that? Does he actually say it aloud or are you interpreting it?

These questions get you closer to the truth of the matter at hand.

It takes two people to create a conflict, of course the phase of life or whatever the phase he is in, maybe he finds it convenient to blame you.

So why do play the role of the victim when you are not actually one?

And Yes, he may not be justified in what he is doing and throwing it all on you. But if simply being in this pool of misery has achieved anything, it has made you a victim…

If you want to feel better or change something about this situation, wake up NOW…do something, do anything; support or no support from anyone!

A small change in the way you perceive things and act for yourself can change your physical well-being as well.

PCOS/Migraine can be an indirect result of the anxiety and stress that you are carrying inside you.

Start focusing on what you are eating and if you are exercising enough…these can help a great deal in keeping PCOS/Migraine under control.

What you think is what you become…so keep your son also in mind and get yourself out of this misery or find an expert who can help you. You want this for yourself and your son, don’t you?

My best wishes are with you!

..Read more

Anu

Anu Krishna  |884 Answers  |Ask -

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

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Hi Anu, I have been reading your articles for quite some time. I am 40 years old in a marriage for last 12 years. I have a 11.5 year old son.My marriage is going through a very rough phase. My husband doesn't leave any chance to abuse me, doesn't matter where and with whom we areMy husband proposed to me knowing I have Vitiligo (discoloration of skin). Plus I was not as rich as him. I did make him aware of this before going ahead. His family was against our marriage still he went ahead. From the day of marriage he suddenly changed, and started abusing me in and out. First I thought my mother-in-law is creating problems which she did every time we came together. Infront of every maid and in the absence of my husband she tried to humiliate me based on my skin condition and financial status. But she'd become caring in his presence.After five years of marriage, for a few years we were away from family. It was peaceful and we had a nice time. But during the lockdown and online school we were back with the same problem. Now the condition is that I cannot stay with my husband. My family is very supportive but suggest that before taking any step I should think of my child. And that we should both sit and talk.If I try talking to my husband I know it will end in a fight. Kindly suggest which way should I go?
Ans:

Dear KB,

Maybe someone from the family or his friends have commented on your condition and made him feel that he made the wrong choice.

Even if it’s that, when he knew and had no objection, what is a man’s word is that he keeps it no matter what!

Now that he has gone back on it, it’s natural for others to take advantage of it and mock you for what the society considers as ‘not beautiful’.

In a way, we are obsessed with some sort of standards for what’s beautiful and what’s not. Beauty standards, you might call it so!

He seems to be a different person with his family and without, it suggests that he may not have a very strong mind to back up the decision of marrying you in the first place possibly against the wishes of his family.

Abuse, at no point is justifiable and you need to take a strong stance and draw a boundary as this is going to continue.

Your family has made a wise suggestion and for the sake of the child, it might be worth the effort to sit down have that chat with your husband however hard that might be.

Do not compromise on the fact that this so-called beauty standards and labels within his family will continue. Be unapologetic about who you are and own your beauty your way.

This is non- negotiable and you need to state this clearly when you have that conversation with him. Period!

All the best!

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |2801 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 21, 2024

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Money
I purchased a flat under-construction in the year 2016. Till now I have not got the flat some dispute happen among the builder. The project matter is under court. I am paying huge emi bank is not ready to me listen they say if you do not pay emi your credit score will hamper what to do
Ans: I understand this is a frustrating situation. Here are some steps you can take:

Regarding the Flat:

Review your Sale Agreement: This document outlines the terms of your purchase, including timelines for completion and any delay penalties the builder may owe.

Form a Flat Buyer Association: Connect with other buyers facing the same issue. A united front holds more power when dealing with the builder or legal proceedings.

Track Court Proceedings: Stay informed about the court case's progress. This might influence your next steps.

Explore Legal Options: Consult a lawyer specializing in real estate disputes. They can advise on pursuing compensation or withdrawal from the project depending on the court case and agreement.

Regarding the Bank Loan:

Negotiate with the Bank: Explain the situation and present copies of the court case documents. They might offer a temporary pause or restructure your EMI plan.

Consider Loan Against Property (LAP): If you own another property, explore a LAP to pay off the existing loan and avoid credit score damage. However, this is a complex financial decision, so consult a financial advisor.

CIBIL Dispute Resolution: If the bank reports a default despite your efforts, you can raise a dispute with CIBIL, the credit bureau, explaining the situation.

Here are some additional resources that might be helpful:

Real Estate Regulatory Authority (RERA): https://rera.goa.gov.in/ (if your city falls under RERA)
Consumer Forum: You can file a case against the builder for delayed possession.
Remember, this is a complex situation, and the best course of action might depend on the specifics of your agreement, the court case, and your financial situation. Consulting a lawyer and potentially a financial advisor can provide tailored guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2801 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 21, 2024

Asked by Anonymous - May 20, 2024Hindi
Money
Hello, I am a Muslim wanting to Invest according to Shariah principle. I have a net Income of about 2 lakhs INR/month. I am 37 and looking to create a corpus of 1.5 crore by the time I am 50.. As a practicing Muslim, I want to ensure the investment is Shariah compliant. I have a strength of investing upto 50k/month and this may grow in the future too! kindly suggest what would be my best options.
Ans: Crafting a Shariah-Compliant Investment Strategy for Your Financial Objectives
In your pursuit of building a corpus of 1.5 crore by the age of 50, aligned with Shariah principles, we'll outline a tailored investment strategy leveraging various Shariah-compliant avenues and prudent financial planning.

Understanding Shariah-Compliant Investing
Core Principles of Shariah Compliance
Shariah-compliant investing emphasizes ethical and responsible investment practices, steering clear of businesses engaged in activities incompatible with Islamic teachings, such as alcohol, gambling, and interest-based transactions. It prioritizes transparency, fairness, and social responsibility.

Importance of Ethical Investing
Adhering to Shariah principles not only ensures compliance with religious beliefs but also promotes socially responsible investment practices, fostering financial growth with integrity. By investing ethically, you contribute to sustainable development and positive social impact.

Shariah-Compliant Investment Options
Islamic Mutual Funds
Invest in Islamic mutual funds that adhere to Shariah guidelines, allocating funds to companies compliant with Islamic principles, thus offering a diversified portfolio of Shariah-compliant stocks. These funds undergo rigorous screening processes to ensure adherence to Shariah principles.

Shariah-Compliant Equities
Diversify your investment portfolio with Shariah-compliant equities, selecting stocks of companies operating in permissible sectors, screened based on Shariah criteria. These criteria typically exclude businesses involved in industries such as alcohol, tobacco, and gambling.

Real Estate Investment Trusts (REITs)
Consider investing in Shariah-compliant REITs, which provide exposure to real estate assets while adhering to Islamic finance principles, offering potential rental income and capital appreciation. Shariah-compliant REITs invest in properties and assets that comply with Shariah guidelines.

Exchange-Traded Funds (ETFs)
Explore Shariah-compliant ETFs that track indices comprised of Shariah-compliant stocks, providing diversification and liquidity within a Shariah-compliant framework. These ETFs offer investors exposure to a basket of Shariah-compliant stocks across various sectors.

Wealth Accumulation Strategy
Systematic Investment Plan (SIP)
Implement a SIP approach, allocating a portion of your monthly income to Shariah-compliant investment avenues, fostering disciplined wealth accumulation over time. SIPs allow for regular and systematic investment, enabling you to benefit from rupee cost averaging and the power of compounding.

Asset Allocation and Diversification
Employ prudent asset allocation strategies, diversifying your investment portfolio across various Shariah-compliant asset classes to mitigate risk and optimize returns. A well-diversified portfolio helps spread risk and enhances the potential for long-term wealth creation.

Goal-Based Financial Planning
Defining Financial Objectives
Define clear financial goals, including the target corpus of 1.5 crore by age 50, and tailor your investment strategy to align with these objectives. Consider factors such as risk tolerance, time horizon, and liquidity requirements when crafting your financial plan.

Regular Portfolio Review
Regularly review and rebalance your investment portfolio, ensuring alignment with Shariah principles and adjusting your asset allocation as per changing market dynamics. Periodic portfolio reviews help you stay on track towards your financial goals and make necessary adjustments when required.

Seeking Professional Guidance
Consultation with Certified Financial Planners (CFPs)
Engage with Certified Financial Planners specializing in Shariah-compliant investing, seeking personalized advice to optimize your investment strategy and achieve your financial goals. A CFP can help you navigate the complexities of Shariah-compliant investing and provide tailored recommendations based on your unique circumstances.

Continuous Learning and Education
Stay informed about developments in Shariah-compliant investment options and financial planning strategies, empowering yourself to make informed investment decisions aligned with your values. Continuous learning and education are essential for staying abreast of market trends and maximizing investment opportunities.

By embracing a diversified approach to Shariah-compliant investing and seeking guidance from Certified Financial Planners, you can navigate the investment landscape with confidence and work towards realizing your financial aspirations while upholding your religious beliefs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Moneywize

Moneywize   |108 Answers  |Ask -

Financial Planner - Answered on May 21, 2024

Asked by Anonymous - May 16, 2024Hindi
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Money
I recently graduated in my mid-20s with an entry-level job earning Rs 36 lakhs annually. How can I start building a strong financial foundation for the future, considering my current income and career stage?
Ans: Congratulations on graduating and starting your career! That's an exciting time, and with a starting salary of Rs 36 lakh, you're in a good position to build a strong financial foundation for the future. Here are some steps you can take:

1. Track your income and expenses: This is the first crucial step. Understanding where your money goes will help you identify areas to save and budget effectively. There are many budgeting apps and spreadsheets available to help you with this.

2. Create a budget: Once you've tracked your expenses for a month or two, categorise them into needs (rent, groceries, transportation), wants (entertainment, dining out), and debt repayments. Aim to allocate a higher percentage towards needs and debt repayment, and a smaller percentage towards wants.

3. Build an emergency fund: Having an emergency fund of 3-6 months' worth of living expenses will act as a safety net for unexpected events like job loss or medical bills. Aim to save at least Rs 1-2 lakh initially and gradually build it up.

4. Manage your debt: If you have any student loans or credit card debt, prioritize paying them off. High-interest debt can quickly eat away at your savings. Consider a debt snowball strategy, where you focus on paying off the smallest debt first to gain momentum.

5. Start saving for retirement: Even though retirement might seem far off, starting early allows you to benefit from compound interest. Many companies in India offer Employee Provident Fund (EPF) schemes, where a portion of your salary goes towards retirement savings. You can also explore investing in Public Provident Fund (PPF) or National Pension System (NPS) for long-term wealth creation.

6. Invest for your goals: Once you have an emergency fund and are on track with debt repayment, consider investing for your future goals. This could be anything from a down payment on a house to a dream vacation. Research different investment options like mutual funds or stocks based on your risk tolerance and investment horizon.

Additional tips for your mid-20s:

• Live below your means: Don't let lifestyle inflation creep in as your income increases.
• Focus on skill development: Invest in yourself by taking courses or certifications that can help you advance in your career and potentially increase your earning potential.
• Automate your finances: Set up automatic transfers to your savings and investment accounts to ensure consistent saving.
• Seek professional advice: Consider consulting a financial advisor for personalized guidance based on your specific financial situation and goals.

Remember, building a strong financial foundation is a marathon, not a sprint. Be patient, consistent, and disciplined with your finances, and you'll be well on your way to a secure future.

...Read more

Ramalingam

Ramalingam Kalirajan  |2801 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 21, 2024

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Sir, I'm 50yrs old. I earn rs 60p.m. kindly suggest low risk mutual fund so that I can get pension from ,60 yrs to 70 yrs.
Ans: Building a Low-Risk Mutual Fund Strategy for Your Retirement Pension
It's wise to plan ahead for your retirement years, and mutual funds can play a crucial role in generating a steady income stream. Let's explore a low-risk mutual fund strategy tailored to your needs.

Understanding Your Retirement Needs
Income Requirement
With a monthly income target of Rs 60,000 during your retirement years from 60 to 70, ensuring a stable and reliable income source is essential.

Risk Preference
Considering your preference for low-risk investments, prioritizing capital preservation while generating consistent returns is paramount.

Low-Risk Mutual Fund Selection Criteria
Stability
Focus on mutual funds with a history of stable performance and lower volatility, minimizing the risk of significant fluctuations in your investment value.

Consistent Returns
Prioritize funds with a track record of delivering steady returns over the long term, aligning with your goal of sustaining a reliable pension income.

Diversification
Opt for mutual funds that offer diversification across asset classes, such as a balanced mix of equity and debt securities, to mitigate risk effectively.

Recommended Mutual Fund Categories
Debt Mutual Funds
Allocate a substantial portion of your investment towards debt mutual funds, which primarily invest in fixed-income securities, providing stable returns with relatively lower risk.

Conservative Hybrid Funds
Consider conservative hybrid funds, which maintain a conservative allocation to equities while predominantly investing in debt instruments, striking a balance between growth and stability.

Short-Term Debt Funds
Explore short-term debt funds, which invest in fixed-income securities with shorter maturity periods, offering stability and liquidity while minimizing interest rate risk.

Retirement Income Strategy
Systematic Withdrawal Plan (SWP)
Implement a systematic withdrawal plan (SWP) from your selected mutual funds, allowing you to receive a regular income stream while keeping your principal amount invested.

Regular Portfolio Review
Periodically review your mutual fund portfolio to ensure it continues to meet your income requirements and risk tolerance, making adjustments as needed.

Final Thoughts
Professional Guidance
Consider consulting with a Certified Financial Planner to tailor your mutual fund strategy according to your retirement goals and risk profile, ensuring a secure financial future.

By strategically allocating your investments across low-risk mutual fund categories, you can build a retirement portfolio designed to provide a steady pension income during your golden years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2801 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 21, 2024

Asked by Anonymous - May 20, 2024Hindi
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Money
Hi sir, I am 39 year old. Invested in stocks upto 1 lakh.Invested in gold for 2lakhs. Invested in ppf upto 13 lakhs and continuing it, investing in SSY upto 1lakhs from 2019 for girl child.Invested in NPS upto 1 lakh. Having term insurance for 2cr paying 3800rs per month. Having endowment policy for next 21 years. Having medical insurance upto 30 lakh sum assured having premium about 70k per year for myself, dependant and a kid. Having medical insurance sum assured upto 5 lakh each for parents having premium of 42k per year. Having a car loan of 20lakhs for next 4 years, having a personal loan of upto 4 lakhs and will end up in December. Planning for retirement corpus of 5 cr in next 15 years, and planning for child higher education for 12 years with 2 cr and marriage in next 20 years for another 2cr. Planning to buy plot in 3 years worth 75 lakhs, Which mutual fund needs to be considered to achieve these goal?
Ans: Crafting a Mutual Fund Strategy for Your Financial Goals
It's commendable that you're actively planning for your financial future. Let's outline a strategic approach using mutual funds to achieve your goals.

Assessing Financial Goals
Retirement Corpus
Your target retirement corpus of 5 crores in 15 years requires a disciplined investment strategy with a focus on long-term wealth creation.

Child's Higher Education and Marriage
For your child's education and marriage, aiming for a combined corpus of 4 crores over the next 12 and 20 years, respectively, necessitates a balanced investment approach.

Plot Purchase
Planning to buy a plot worth 75 lakhs in 3 years requires short to medium-term investment options with capital appreciation potential.

Mutual Fund Selection Criteria
Goal Horizon
Align mutual fund selections with the time horizon of each financial goal, focusing on funds with proven track records of consistent returns over the required investment duration.

Risk Appetite
Consider your risk tolerance and opt for a diversified mix of mutual funds spanning various asset classes to mitigate risk while aiming for optimal returns.

Tax Efficiency
Select mutual funds that offer tax efficiency, such as equity-linked saving schemes (ELSS), to leverage tax benefits while investing for long-term goals.

Recommended Mutual Fund Categories
Equity Mutual Funds
Allocate a significant portion of your investment towards equity mutual funds for long-term wealth accumulation, considering the growth potential of equities over time.

Debt Mutual Funds
Include debt mutual funds in your portfolio for stability and capital preservation, especially for short to medium-term goals like the plot purchase.

Hybrid Mutual Funds
Explore hybrid mutual funds, which offer a balanced mix of equity and debt exposure, suitable for investors seeking moderate risk with potentially higher returns.

Final Thoughts
Regular Portfolio Review
Periodically review your mutual fund portfolio to ensure it remains aligned with your financial goals and risk tolerance, making adjustments as necessary.

Professional Guidance
Consider consulting with a Certified Financial Planner to tailor your mutual fund investment strategy according to your unique financial circumstances and objectives.

By strategically allocating your investments across equity, debt, and hybrid mutual funds, you can work towards achieving your financial goals efficiently.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2801 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 21, 2024

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Money
Good morning sir. I am investing in SBI midcap, small cap and health care opportunities fund at the rate of Rs 10000 per month respectively and Rs 5000/- each in ICICI equity funds. Kindly suggest whether to contiue or to switch to other
Ans: It's great to see your proactive approach towards investing. Let's assess your current mutual fund investments and explore whether any adjustments are needed.

Reviewing Current Investments
Diversification Strategy
Your investment strategy reflects a diversified approach by investing in midcap, small cap, healthcare, and equity funds.

Performance Analysis
Evaluate the performance of your current funds against relevant benchmarks to gauge their effectiveness in meeting your financial goals.

Considerations for Continuation or Switching
Fund Performance
Assess the historical performance of each fund to determine if they consistently outperform their benchmarks.

Risk Appetite
Consider your risk tolerance and ensure your investment choices align with your risk appetite and financial goals.

Potential Action Steps
Consultation with a Certified Financial Planner
Seek guidance from a Certified Financial Planner (CFP) to review your investment portfolio comprehensively and ensure it aligns with your financial objectives.

Periodic Portfolio Review
Regularly review your investment portfolio to stay informed about market trends and make necessary adjustments based on changing economic conditions.

Final Recommendation
Stay Informed
Stay updated on market developments and seek professional advice when considering changes to your investment strategy.

By regularly reviewing your mutual fund portfolio and consulting with a Certified Financial Planner, you can make informed decisions to optimize your investments and work towards your financial goals.

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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