Home > Relationship > Question
Need Expert Advice?Our Gurus Can Help
Anu

Anu Krishna  |823 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 12, 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
MV Question by MV on Aug 12, 2021Hindi
Listen
Relationship

I am married for last 23 years. I discovered that my wife has an extra marital affair for more than 10 years now.

She confessed and said she'll move away, but she hasn't.

In addition, I discovered that outside our marriage, she is in relationship with more than three persons at the same time, and always looking for sex.

At times even with those who are the same age as our 20-year -ld daughter.

There is no fun in being with her or continuing the marriage.

Recently she left home after fighting with me and started living in a separate rented home. Kids are with me mostly but they keep visiting her.

While I'm not interested in bringing her back, and that all my faith in the institution of marriage is now lost, what should be my approach in the remaining part of life?

I'm not looking for a life companion now.

Ans: Dear MV, I can only imagine what you must have been through. But it's also nice to hear that you know exactly what you want to do.

This is possibly another phase of your life and it's imperative that you start to look at your life with a fresh pair of eyes.

What I mean to say is: If you could go back in time much before you married, what are the things that still excite you?

Any hobbies, any professional pursuits?

This is the time to focus very strongly on building a good NOW and a fine future which means you need to pay attention to what is it that fires and fuels you as an individual.

Also reconnect with old friends and build new connections solely from the point of view of a social circle.

This will engage you with fresh idea, thoughts and this energy also helps you parent your children better.

All in all, when you are happy, your children also send back the same vibes to you.

The past cannot be changed and there is no point going back especially because you have decided to move on.

Then move on with a giant powerful stride by focusing on creating, building something new as it you can fill it like a new canvas and share it with your children as well.

Do what it takes to have a positive outlook in life; friends, work, hobbies, thoughts...let each of these be a choice that you make so that you always be in a positive frame of mind.

When, you do feel down and out, allow it BUT remind yourself that you have chosen this path and that you will come out strong no matter what.

Wishing you a wonderful life filled with strength and joy!

You may like to see similar questions and answers below

Love Guru

Love Guru   |187 Answers  |Ask -

Relationships Expert - Answered on Jan 13, 2022

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

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

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

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

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

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

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

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

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

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

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

 

(more)
Kanchan

Kanchan Rai  |169 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 03, 2023

Listen
Relationship
Hi, I have been married since 2011 and have a son aged 9 yrs. My wife managed her professional career as well as home. I trusted her to the fullest and allowed her to go out of town alone for work purpose. However in 2017, my wife had an affair with her senior working in bank and it was physical relationship too. It lasted for almost 1.5 yr untill I caught her in August 2018. When confronted she did not had proper justification for doing such gross thing and tried too blame me. Since than she has no contact with that person and even she filed a complain in the office against that person for stalking. She is remorseful and shameful for her act, but i dont feel any attachment towards her. I am still continuing in marriage with mental trauma of affair. What should i do with marriage now?
Ans: Dear Saurav

Discovering that your wife has been unfaithful can be a traumatic experience, and it's understandable that you may be feeling hurt, angry, and betrayed. It's important to prioritize your own well-being and emotional health during this time.

Here are some steps that you can take to help you navigate this situation:

Seek support: Consider talking to a therapist, a trusted friend or family member, or a support group for individuals who have experienced infidelity. It's important to have someone to talk to who can provide a listening ear and a safe space for you to express your emotions.

Communicate: If you want to work on your relationship with your wife, it's important to communicate openly and honestly about your feelings. Let your wife know how her actions have affected you and what you need in order to move forward.

Set boundaries: It's important to set clear boundaries with your wife regarding what is and isn't acceptable behavior. If you choose to work on your relationship, make sure that your wife is willing to take responsibility for her actions and work towards rebuilding trust.

Consider counseling: If you and your wife want to work on your relationship, consider couples counseling. A trained therapist can help you and your wife communicate effectively and work through any underlying issues that may have contributed to the infidelity.

Take time to reflect: Consider what you want for your future and whether or not you are willing to work on your relationship. It's important to make a decision that feels right for you and your well-being.

Don't blame yourself: It's important to remember that your wife's infidelity is not your fault. While it's natural to feel responsible or to question what you could have done differently, ultimately the decision to cheat was your wife's alone.

It's important to acknowledge your own feelings and to take care of yourself during this time. With time and support, it's possible to heal and move forward from the trauma of infidelity. Ultimately, the decision about what to do with your marriage is up to you and your wife, and it's important to make a decision that feels right for both of you.
(more)
Anu

Anu Krishna  |823 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 12, 2023

Listen
Relationship
First of all, thanks for your answering my previous question. I am still unable to accept that a woman who has relatively happy marriage and children is getting involve with other men despite warning and claiming that he is only friend and jeopardizing her marriage. Let this kind of situation happens with me . How will I proceed when I come to know that my wife is talking and meeting to another man even after my warning for (let say) more than 5 years and saying that she has not committed adultery ? Your answer will be appreciated
Ans: Dear Samrat,
I apologize if I am incorrect. But I seem to notice that you keep asking the same question in different ways. It will help if you actually state what is bothering you.
You not willing ;to accept a woman who has relatively happy marriage and children is getting involve with other men despite warning and claiming that he is only friend and jeopardizing her marriage'? Is this about someone that you know? Or is it something that you want to know out of curiosity? If it is only a healthy debate that you seek, I suggest that there are other platforms that encourage answers and responses as a debate. You may want to ask these questions there.
If it is indeed about you having this problem with your wife, then ask so...also as Gurus, it becomes easy for us to address a person's challenge if they come straight to the point. I hope I am making sense.

Ifs and Buts in life are many...are you suspecting that your wife is in a relationship outside of marriage?
I ask because you have mentioned: How will I proceed when I come to know...does this mean that you know or you are expecting this or you have your doubts?
If you know, simply ask her...she does have the responsibility within the marriage to let you know of this.

If you don't know or are playing on your doubts due to your beliefs of: I am unable to accept that a woman getting involved despite warning...Then know that your lack of trust will kill your marriage...

So, my suggestion...do come to the point and ask your question directly. You will be able to leverage this platform better and find a path to your challenges.

All the best!
(more)
Ravi

Ravi Mittal  |177 Answers  |Ask -

Dating, Relationships Expert - Answered on Dec 19, 2023

Asked by Anonymous - Dec 19, 2023Hindi
Listen
Latest Questions
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Listen
Money
Hi Kirtan, I am 45 now. I am looking for a pension plan. I can invest upto Rs 5000 per month. Should I go in NPS or LIC? What are pro and cons for both?
Ans: Considering your age and investment amount, NPS (National Pension System) could be a preferable option over LIC for a pension plan. Here's a breakdown of the pros and cons of each:

NPS (National Pension System):
Pros:

Flexibility: NPS offers flexibility in choosing investment options, including equity, corporate bonds, and government securities, allowing you to tailor your portfolio based on your risk tolerance and investment goals.
Tax Benefits: Contributions to NPS are eligible for tax deductions under Section 80C, with an additional deduction of up to Rs. 50,000 under Section 80CCD(1B). Additionally, partial and lump-sum withdrawals are tax-exempt up to certain limits.
Low Cost: NPS has a relatively low-cost structure compared to traditional pension plans, with competitive fund management charges.
Cons:

Lock-in Period: NPS has a lock-in period until retirement age, with limited withdrawal options before that. Early withdrawals are subject to restrictions and penalties.
Market Risk: Since NPS invests in market-linked instruments, such as equities, there's a level of market risk involved. Returns may fluctuate based on market performance.
Limited Annuity Options: The annuity options under NPS may be limited compared to traditional pension plans offered by insurance companies like LIC.
LIC (Life Insurance Corporation):
Pros:

Guaranteed Returns: LIC pension plans typically offer guaranteed returns, providing a sense of security and predictability in retirement income.
Death Benefit: Some LIC pension plans come with a death benefit, ensuring that your nominee receives a lump sum or annuity in case of your demise.
Wide Range of Annuity Options: LIC offers a wide range of annuity options, allowing you to choose a plan that best suits your retirement needs and preferences.
Cons:

Lower Flexibility: LIC pension plans may offer limited flexibility compared to NPS in terms of investment options and withdrawal flexibility.
Higher Costs: Traditional pension plans from LIC may have higher costs compared to NPS, including administration charges and agent commissions.
Limited Tax Benefits: While premiums paid towards LIC pension plans are eligible for tax deduction under Section 80C, the overall tax benefits may be limited compared to NPS.
In conclusion, NPS tends to offer more advantages over LIC for a pension plan, given its flexibility, tax benefits, and lower costs. However, considering the potential advantages of mutual funds over NPS in terms of flexibility and potentially higher returns, you may also explore mutual fund options for your retirement planning
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Listen
Money
I am 63 years old.Yearly pension 6.50 lacs Annual interest from bank deposits 5.50 lacs ( Bank deposits Rs.60 lacs). Monthly pension is sufficient to meet expenses since my children are settled.How to redeploy the bank deposit to maximize income
Ans: Given your stable pension income and surplus from bank deposits, optimizing your investments for higher income while maintaining liquidity and minimizing risk is crucial. Here's a strategy tailored to your needs:

Fixed Income Investments: Consider allocating a portion of your bank deposits to fixed income instruments such as Senior Citizen Savings Scheme (SCSS), Post Office Monthly Income Scheme (POMIS), or Tax-free Bonds. These instruments offer regular income with relatively lower risk compared to equities.
Debt Mutual Funds: Invest a portion of your bank deposits in debt mutual funds with a focus on short to medium-term duration funds or monthly income plans (MIPs). These funds offer the potential for higher returns compared to traditional fixed deposits while maintaining liquidity and capital preservation.
Dividend-Paying Stocks: Explore investing a small portion of your surplus in dividend-paying stocks of stable companies. Focus on sectors with a history of consistent dividend payouts, such as utilities, consumer goods, or pharmaceuticals. Dividend income can supplement your pension and bank interest income.
Systematic Withdrawal Plan (SWP): Consider setting up a systematic withdrawal plan (SWP) in debt mutual funds or balanced funds to generate regular income while preserving capital. SWPs allow you to withdraw a fixed amount periodically, providing a steady stream of income similar to an annuity.
Emergency Fund: Ensure you maintain an adequate emergency fund equivalent to 6-12 months' worth of living expenses in a liquid and easily accessible account. This fund will provide a financial cushion in case of unforeseen expenses or emergencies.
Tax Considerations: Evaluate the tax implications of your investment choices, especially considering your current income sources and tax bracket. Optimize your investments to minimize tax liability while maximizing post-tax returns.
Consultation: Seek guidance from a Certified Financial Planner or investment advisor who can assess your specific financial situation, risk tolerance, and investment goals. They can help design a customized investment strategy tailored to your needs and objectives.
By diversifying your investments across fixed income instruments, mutual funds, dividend-paying stocks, and maintaining an emergency fund, you can maximize income while ensuring capital preservation and financial security in your retirement years.
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Listen
Money
Hi. I am currently living in India and have received a job offer from Dubai. As I plan to shift, I needed to understand some nuances about managing my SIPs, Equity Holdings and EMIs in India. I have following: 1. 80K SIP in 2 DSP Funds and 2 Quant Funds 2. 70K EMI for a home loan 3. About 1Cr equity holding in a demat account Once I move, I will let my flat out on rent. Wanted to understand following: 1. For rent collection, EMI, SIP etc what account is advisable? NRE or NRO? For EMIs, SIPs etc I will have to transfer money from overseas account to Indian account 2. For SIPs - I will have to change my existing account to an NRE/NRO account as well? 3. Demat holdings - is there a separate category of demat accounts for NRIs?
Ans: Moving to Dubai while maintaining financial commitments in India requires careful planning. Here's a breakdown of considerations for managing your SIPs, EMIs, and equity holdings:

Account Choice: For rent collection, EMI payments, and SIP investments, opening an NRE (Non-Resident External) account is advisable. NRE accounts allow you to repatriate funds freely, making them suitable for managing finances while abroad. However, for domestic transactions, you can also consider an NRO (Non-Resident Ordinary) account, which has restrictions on repatriation but facilitates local transactions.
SIP Management: You'll need to transition your existing bank account linked to SIPs to an NRE/NRO account to facilitate seamless fund transfers from your overseas account. Ensure you inform your mutual fund provider about the change in bank details to avoid any disruptions in your SIPs.
EMI Payments: Similarly, you'll need to link your home loan EMI payments to your NRE/NRO account for smooth transactions. Set up standing instructions or auto-debit mandates to ensure timely EMI payments while you're abroad.
Demat Holdings: As an NRI, you can hold equity investments in India through a designated NRI demat account. You'll need to convert your existing demat account to an NRI demat account to continue managing your equity holdings seamlessly.
Tax Implications: Be mindful of tax implications both in India and Dubai. Consult with a tax advisor to understand your tax obligations in both countries and optimize your tax planning strategies.
Legal Compliance: Ensure compliance with RBI regulations and other legal requirements concerning NRI investments and remittances to avoid any regulatory issues.
Communication: Maintain open communication with your banks, mutual fund providers, and brokerages to update them about your NRI status and ensure smooth transition and management of your financial affairs.
By proactively addressing these considerations and seeking guidance from financial advisors and legal experts, you can effectively manage your financial commitments in India while pursuing opportunities abroad.
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Feb 18, 2024Hindi
Listen
Money
i want to open in mutual fund nfo.which will be better for me. canara robecco manufacturing fund or Edelweiss technology fund i already have 10k in ratia 5:3:2 in zerodha elss taxsaver nifty large midcap 250index,quant infrastructure fund,aditya birla sunlife psu equity fund
Ans: When choosing between mutual fund NFOs like Canara Robeco Manufacturing Fund and Edelweiss Technology Fund, it's essential to consider various factors such as your investment goals, risk tolerance, and portfolio diversification.

Canara Robeco Manufacturing Fund: This fund focuses on investing in companies operating in the manufacturing sector. It aims to capitalize on the growth potential of manufacturing companies and may be suitable if you're bullish on the manufacturing sector's prospects. However, it's essential to assess the fund's investment strategy, track record, and the outlook for the manufacturing sector before investing.
Edelweiss Technology Fund: This fund focuses on investing in technology-related companies, which may include IT services, software, hardware, and internet companies. It aims to benefit from the growth potential of the technology sector, which has been experiencing rapid innovation and expansion. If you believe in the long-term growth prospects of the technology sector, this fund may align well with your investment objectives.
Considering your existing investments in ELSS, index funds, and infrastructure funds, adding exposure to a specific sector like manufacturing or technology can provide additional diversification to your portfolio. However, it's essential to evaluate the concentration risk and ensure that the sectoral allocation complements your overall investment strategy.

Before investing in any NFO, thoroughly research the fund's objectives, investment strategy, fund manager's track record, and expense ratio. Additionally, consider consulting with a Certified Financial Planner to assess how the NFO fits into your overall investment portfolio and whether it aligns with your financial goals and risk profile.

Remember to stay focused on your long-term investment objectives and avoid making investment decisions solely based on short-term market trends or NFO hype. Diversification, thorough research, and disciplined investing are key to building a successful investment portfolio over time.
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Listen
Money
I am 36 year old, I don't have any loan. I don't have any savings till now. But I want to start, I am able to save 30000 monthly. Please suggest how can I invest.
Ans: Starting to save and invest at 36 is a commendable decision, and with a monthly savings of 30,000, you have a great opportunity to build a solid financial foundation for your future. Here's a suggested approach to get started:

Emergency Fund: Begin by setting aside some of your savings into an emergency fund. Aim to accumulate at least 3 to 6 months' worth of living expenses in a liquid and easily accessible account. This fund will provide you with a financial safety net in case of unexpected expenses or emergencies.
Debt Management: Since you don't have any loans, focus on avoiding debt and maintaining a healthy credit score. If you do have any high-interest debt, such as credit card debt, prioritize paying it off as soon as possible to avoid unnecessary interest payments.
Investment Allocation: Determine your investment goals, risk tolerance, and investment horizon. Since you're starting relatively late, consider a balanced approach to investing with a mix of equity and debt investments. Given your age, you may have a longer investment horizon, allowing you to take on more risk for potentially higher returns.
Systematic Investment Plans (SIPs): Consider investing in mutual funds through SIPs. Mutual funds offer diversification and professional management, making them suitable for beginners. Allocate your investments across different categories such as large-cap, mid-cap, and multi-cap funds to spread risk and maximize potential returns.
Retirement Planning: Start planning for your retirement by investing in retirement-oriented funds like Employee Provident Fund (EPF), Public Provident Fund (PPF), or Voluntary Provident Fund (VPF). Additionally, consider investing in Equity Linked Savings Schemes (ELSS) for tax-saving benefits while building a retirement corpus.
Continuous Learning: Take the time to educate yourself about personal finance and investment strategies. Attend workshops, read books, and follow reputable financial websites to enhance your knowledge and make informed investment decisions.
Regular Review and Adjustment: Regularly review your investment portfolio to ensure it remains aligned with your goals and risk tolerance. As your financial situation and goals evolve, make necessary adjustments to your investment strategy accordingly.
By following these steps and staying disciplined in your savings and investment approach, you can gradually build wealth and work towards achieving your financial goals. Remember, consistency and patience are key to long-term success in investing.
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Feb 22, 2024Hindi
Listen
Money
Hi. Pls suggest a few mutual fund sectors for investing 10 lakhs in SIP for a investment holding period 20-25 years.
Ans: let's focus on other mutual fund sectors excluding index funds and sectoral funds:

Large Cap Funds: These funds invest in established, large-cap companies known for their stability and consistent performance. They offer a blend of growth potential and stability, making them suitable for investors with a moderate risk appetite and a long-term investment horizon.
Multi-Cap Funds: Multi-cap funds provide flexibility by investing across companies of various market capitalizations, including large, mid, and small-cap. This diversification allows investors to capitalize on opportunities across different segments of the market, potentially maximizing returns over the long term.
Mid Cap Funds: Mid-cap funds focus on companies with medium market capitalization, offering higher growth potential compared to large caps. While they come with higher volatility, mid-cap funds can generate significant returns over the long term for investors willing to tolerate market fluctuations.
Small Cap Funds: Small-cap funds invest in companies with small market capitalization, known for their high growth potential. They are more volatile compared to large and mid-cap funds but can offer substantial returns over the long term for investors with a higher risk appetite.
Balanced Advantage Funds: These funds dynamically allocate assets between equity and debt based on market conditions. They offer downside protection during market downturns while participating in equity market upswings, providing a balanced approach to long-term investing.
By focusing on large-cap, multi-cap, mid-cap, small-cap, and balanced advantage funds, you can build a diversified mutual fund portfolio tailored to your long-term investment goals. Remember to regularly review your portfolio's performance and make adjustments as needed to stay on track towards achieving your financial objective
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Feb 23, 2024Hindi
Listen
Money
Hello Patrick, I'm planning to purchase a land in Bengaluru, there are 2 options , register at Govt Guidance value or at market price, which is better option, and what will be the capital gains implications if we register on guidance value and sell in future Thanks
Ans: When it comes to registering property, deciding between the government guidance value and the market price depends on various factors.

Registering at the government guidance value can offer advantages such as lower registration fees and potentially reduced tax implications. However, it's crucial to ensure that the guidance value aligns with the actual market value of the property to avoid any legal or tax issues in the future.

On the other hand, registering at the market price reflects the true value of the property and can provide a more accurate representation of its worth. While this may result in higher registration fees and taxes, it can offer greater transparency and legal protection.

Regarding capital gains implications, if you register the property at the government guidance value and sell it in the future at a higher market price, you may be subject to capital gains tax on the difference between the sale price and the guidance value. It's essential to consult with a Certified Financial Planner or tax advisor to understand the specific tax implications and plan accordingly.

Ultimately, the decision between government guidance value and market price registration depends on your individual circumstances, risk tolerance, and long-term goals. Consider consulting with professionals to ensure you make an informed decision that aligns with your financial objectives and legal obligations.
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Listen
Money
Hello Sir, I have taken a home loan from HDFC. Now only 27 EMI are to be paid. My current rate of interest is 8.55%. Yesterday, I received an email from HDFC saying that I can opt for a fixed rate of interest for the remaining tenure. They have not given that fixed rate of interest in the email. My question is that should I opt for the offer? Can you please suggest if it would be beneficial for me or not? Thanks in advance for your advice. - Satish
Ans: Satish, it's great that you're considering your options carefully when it comes to your home loan. Opting for a fixed interest rate can offer stability and predictability in your monthly payments, which can be comforting, especially as you near the end of your loan tenure.

However, before making a decision, it's important to weigh the pros and cons. Consider factors such as the current interest rate environment, your financial situation, and any potential future changes in interest rates. While a fixed rate can shield you from fluctuations in interest rates, it may also mean missing out on potential savings if interest rates decrease in the future.

As a Certified Financial Planner would advise, evaluate the terms of the fixed interest rate offer from HDFC, including the rate itself and any associated fees or conditions. Compare it with your current variable interest rate to determine if the switch would be beneficial for you in the long run. Remember, every financial decision is unique, so take your time to make an informed choice that aligns with your goals and circumstances.
(more)
Ramalingam

Ramalingam Kalirajan  |906 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x