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Anu Krishna  |955 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 01, 2022

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
NN Question by NN on Nov 01, 2022Hindi

Good morning Anu ji
Hope you are doing well.
I am a working mother with two kids.
My son is 18 years old and my daughter is 11.
My office offered me to relocate to Malaysia and I opted for it.
I moved with my daughter to Malaysia. My husband and son are in India. This is mutually accepted by family.
The reason I chose this option was because the working environment in India office was very stressful with lots of corporate policies.
My daughter has a creative mindset. She had to struggle in studies due to Indian education system.
My son was in class 12 so I thought he will go to hostel for further studies.

But after moving to Malaysia things got changed. My daughter goes to an international school but the standard of education is very low though fees is very high as compared to India. My son got admission in Delhi, which is good.
Now, I'm confused if I should come back to India or stay in Malaysia with my daughter.
My husband is very co-operative and his office is very supportive that he can work from Malaysia.
Being a mother and a wife I am not able to manage this separation. But my husband wants me to grow in my career.
I know in future I will have to pay a lot for my daughter's study. For the same amount she can go to a good boarding school.
My son also needs my help but I want him to understand that life is not very easy, it is not for enjoyment.
I didn’t want to spoil him so I decided that he will live in PG and become independent.

I don't know if I am doing the right thing for my children.
If I move back to India my husband will not be happy because according to him, I'm getting too emotional.

I don't know what to do -- meet husband’s expectations or take the right step which is good for my family?
Pls help.


Dear NN,

Too much of confusion, mostly self-inflicted, if I may add.

You know why I say that, because there is not a mention in your letter/ email on: What is it that you want?

You have conveniently skirted it (the mind can trick you easily) and you are citing excuses to do what others want. What do you want?

Let’s out things into perspective:

1. You shifted for work and now you feel that your daughter’s education is getting impacted

2. You feel like coming back for her education, but you feel that your husband won’t be happy about it.

3. You know that your son might need you now, but then husband thinks you are emotional

It’s time the four of you as a family sat down and spoke rather than thinking and feeling.

Your children are practically adults and are capable of having a sane and conscious conversation that involves the family and their lives as well.

So there’s no more two way conversation between you parents causing more confusion.

Most families go round in circles without realising that who they are discussing about and making decisions on are not even involved in it actively.

In your case, it’s your children…involve them and let them express what they feel is right for them and what they want.

This can help clarify a lot in your mind and your husband also might be aligned to what comes through that 4-way conversation.

It will also bring all of you a while lot closer than before.

All the best!

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Anu Krishna  |955 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 28, 2022

Dear Anu, I am a housewife with two kids, younger one is 3 years old. I used to be working before the birth of my second child. I can't join back the job as we are nuclear family and husband is busy whole day with his work. I have to take care of the house and kids almost full day. Sometimes I’m frustrated and irritated. I gave talked about this to my husband but not much respite. He says 'I’m doing my job to earn. You do your job to look after house.' Don't know what to do.

Dear PS,

Typical nuclear family with very little family support relies solely on the mother being the caregiver and this can result in a lot of frustrations. Understood!

But what exactly are you trying to do fighting the situation knowing that things might be the same for a few years down the line till the children grow a little older? Are you planning on being frustrated for all these years?

Also, someone needs to give your husband a talk on these gender specific remarks and pushing the job of the home to you.

Maybe he didn’t mean it the way it sounded, but well…

In the digital world, there is enough and more to do to use the skills that a person has. So why not explore, a work-from-home part time option?

Depending on what your expertise is and the time that you can give to the work from home option, why don’t you focus on searching for this?

This will require an amazing time management and organization skills on your part, so you are able to give it at least 3-4 hours a day.

This will not only keep you occupied and financially stronger, it will also give you a sense of direction and purpose which is what is currently lacking.

Also, if you have an option of a ‘nanny’ for even two hours during the day when the children can be kept busy, you can even have some time for yourself which will re-energize you.

Caring for two small children is no mean feat and make sure when you discuss the work-from-home option (If you choose this), with your husband, you emphasize how important it is for you along with managing the home.

The commitment ‘to do something for yourself’ will be the focus of your discussion and please do something before your frustrations start seeping out and get onto the kids which might eventually happen.

First, be happy yourself to nurture your home and family.

Step Up…All the best!

..Read more


Anu Krishna  |955 Answers  |Ask -

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

Asked by Anonymous - Jun 24, 2023Hindi
Hello Anu, Hope you are doing good!! Background of Persons: I had arranged married since last once year. I already told them before proceeding that I want to continue my carrier and grow forward in the same city. Also, I want to leave in a joint family along with my parents. My spouse is working in government sector. She told me that my Job is transferrable and i am ok moving forward with you. I am working in MNC at good position and also supporting my family members in their business. Problem: My wife is forcing me to leave separately, shift to another city and start from scratch(zero) in different city having different cultural background. She is also working in government sector and not taking transfer to spouse(husband's) city. Even after explaining couple of times, she is resisting to re-allocate. I am ok if she does anything independently for earning in same city. Also, I will help her in getting the job in private sector in the same city. Also, I will get her employed in another sector through my contacts and preparing her. I am not dependent on her in terms of financial things. We are living separately due to work duties and spent time together for a week in every month or two month as per the adjustment from both of us. My spouse is not talking properly to me, threating me to get divorce. I already had financial and social liabilities on myself which my wife is aware about. I had not seen positive responses from her towards myself, my family and goals. I am ready to leave separately in the same city even if she earns or not. Question: It looks to high danger to me moving to different part of the country having different cultures starting from scratch based on assessments on different parameters. What is the better solution for this ?
Ans: Dear Anonymous,
Well, there isn't much that you can do!
It's possible that your spouse suddenly feels that she might lose more than she gains by any move that she makes. You possibly feel the same.
This only means that both of you have not considered what marriage is and could be. You are using marriage to bring out differences rather than build trust. It's a year and if both of you have not managed to stay true to bringing the best out of each other, I wonder what will make you do that!

Kindly set aside the childish squabbles and suggest to your wife that the two of you need to work on this. Threats may kindly be kept aside...it only widens the gap between the two of you. Bring the conversation to a place where you talk about what it is now and how the two of you want it to be independently to you AND then work on bringing it to WIN-WIN...

Is this possible? Yes, it is provided you channel the conversation as mature adults without threats and pointing our faults and working towards putting the marriage together.

All the best!

..Read more


Kanchan Rai  |237 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2023

Actually to say the truth this incident has made my life very difficult. Due to financial burden and for the sake of kids life, came abroad to earn money. Had huge faith and trust in my wife. suddenly this incident have ruined all the happiness. Even though i had many conversation with my wife and she assured me of faith and true to our relationship; i couldn't digest this. My daughter is just 9 years old, she doesnt know anything. But my son is 15 years old and he understands things. This incident have made him arrogant towards her. my kids love me and i am living for them and to make their life better working away from home. Actually they want me to be with them and take care of them. But my wife always insisting me to return back after becoming financially stable. Initially i was also hoping for the same. But now its totally different. Knowing that the guy is just few kilometers away from my home and working in the same company where my wife works is making me go wild sometimes. But as of now i am controlling my emotions and trying to trust my wife. But this is really taking a toll on me. One side i have to take care of my aeging parents, clear debts, take care of kids education and other family expenses. Other side this issue. My wife earns money just to spend for her family and her day to day expenses. nothing of use to me nor kids. So i am totally struck and dont know how to handle. Moreover i am keeping all the things within me and couldnt discuss with either friends nor family. Feeling lonely and betrayed.
Ans: It's understandable that you're feeling a range of emotions given the complexities of your situation.Honest and open communication with your wife is crucial. Share your feelings, concerns, and the impact this situation is having on you. Encourage her to express herself as well. Clear communication is key to rebuilding trust. Consider what is best for you, your children, and your overall well-being. Assess whether staying abroad or returning home is the most viable option for your family. It's important to take care of your own mental and emotional well-being. Consider engaging in activities that bring you joy and relaxation. This might include exercise, hobbies, or spending time with friends.

Best Wishes

..Read more


Anu Krishna  |955 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 14, 2024


Anu Krishna  |955 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 15, 2024

Asked by Anonymous - May 13, 2024Hindi
I am 38yr old working women .I have 3year old daughter. 2.5 years back my father in law expired . After which my MIL started staying with us as my husband is a single child. She started creating lot of trouble in our family because of which my husband left me and my child.since then my husband is not staying with us neither helping me or my child emotionally and financially even after speaking to him.We took couple therapy also. Nothing changed. Now as I to put my child for school, I am feeling burdened emotionally, physically and financially which I don't want to show at my kid. kindly guide me to come out of the situation and give the best safe environment for my daughter.
Ans: Dear Anonymous,
Why should you bear the responsibilities all by yourself?
Legal separation has not happened and he is still responsible towards your daughter who is his daughter as well. If nothing has come out of therapy, then the responsibility to change and work on the marriage has not been a strong need.
Have an honest conversation with your husband on this; leaving home with no clarity for anyone is not a very nice thing to do...
Let him state his side of the story as to what he intends to do in the future with the marriage and maintenance of the child. If he refuses to offer support, legal recourse might be your only option.
But before doing anything, a frank chat with him is necessary. Know what's on his mind and do understand that your daughter is eligible to support financially from her father. So, don't go through with all this alone.
Do make an attempt to put things back together and then opt for other choices...

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

..Read more

Latest Questions

Ramalingam Kalirajan  |3735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Asked by Anonymous - Jun 15, 2024Hindi
I am a divorcee living with my teenager son. I am working as a teacher in a private school. My monthly income is 40,000. My son is pursuing for correspondence degree and side by side doing part time job and earning 12,000. I don't have any savings, health insurance etc. My humble request to guide me how can we start our savings now. I also want to buy health insurance for me without any more delay. Please guide. Regards
Ans: It's a privilege to help you with your financial planning. With some thoughtful strategies and careful planning, you can establish a solid financial foundation for you and your son. Let's break it down step-by-step.

Understanding Your Current Financial Situation
You earn Rs 40,000 per month, while your son contributes Rs 12,000 from his part-time job. Together, this makes a combined monthly income of Rs 52,000. Recognising this starting point is crucial for building a robust financial plan.

Considering your situation, it's commendable that you're keen on starting savings and securing health insurance promptly. This shows foresight and responsibility, which are essential traits for successful financial planning.

Budgeting and Expense Management
First, let's address budgeting. Tracking your expenses will help you identify areas where you can cut costs and save more effectively.

List Monthly Expenses: Break down your monthly expenses into categories such as rent, utilities, groceries, transportation, and other essentials. Also, factor in any discretionary spending like dining out or entertainment.

Evaluate and Trim: Assess each expense category to see where you can make adjustments. For example, cooking at home more often can reduce food costs. Small changes can add up to significant savings over time.

Set a Savings Goal: Aim to save at least 20% of your combined income. This would amount to Rs 10,400 per month. Start by saving any amount you can and gradually increase it as you manage your expenses better.

Prioritising Health Insurance
Securing health insurance should be your immediate priority. Medical emergencies can lead to substantial financial stress without adequate coverage.

Choosing a Plan: Look for a comprehensive health insurance plan that covers major illnesses, hospitalisation, and critical care. Compare different plans and their premiums to find one that fits your budget.

Covering Both: Ensure that both you and your son are covered under the plan. Family floater plans can be a cost-effective way to provide coverage for both of you.

Building an Emergency Fund
An emergency fund is essential for handling unexpected expenses such as medical emergencies, job loss, or urgent repairs.

Initial Goal: Aim to save at least three to six months' worth of living expenses. Given your current income, this would be between Rs 1,20,000 to Rs 2,40,000.

Saving Incrementally: Start by saving a small amount each month. For example, allocate Rs 5,000 monthly towards your emergency fund until you reach your goal.

Establishing Regular Savings and Investments
Once you have a health insurance plan and an emergency fund, the next step is to begin saving and investing regularly. Given your income, you can start small and gradually increase your contributions.

Recurring Deposit (RD): A recurring deposit is a safe option to start with. You can save a fixed amount every month, which earns interest over time. This is suitable for short-term goals and offers liquidity.

Mutual Funds: Mutual funds are an effective way to grow your wealth over the long term. Choose actively managed mutual funds, as they often outperform index funds due to professional management and research.

Systematic Investment Plan (SIP): Start a SIP in mutual funds to invest a fixed amount regularly. This helps in averaging the purchase cost and reducing risk. For instance, a SIP of Rs 5,000 per month in a diversified mutual fund can be a good starting point.

Evaluating and Managing Existing Insurance Policies
If you hold any investment-cum-insurance policies like LIC or ULIPs, consider their performance and charges.

Review Policy Details: Check the return on investment, charges, and insurance coverage. Many times, these policies have high charges and low returns.

Surrender and Reinvest: If the policies are not yielding satisfactory returns, consider surrendering them. Reinvest the proceeds into more efficient instruments like mutual funds for better growth and separate term insurance for adequate coverage.

Planning for Long-term Goals
Setting long-term financial goals will provide direction and motivation to your saving and investment efforts.

Child’s Education: With your son pursuing a correspondence degree, consider his future educational aspirations. Start a dedicated investment for this goal, like a mutual fund SIP, to build a corpus over time.

Retirement Planning: Even though you may have several years until retirement, it's never too early to start. Look into retirement-focused mutual funds or pension schemes that can provide a steady income post-retirement.

Avoiding Common Pitfalls
It's important to be aware of common financial mistakes and how to avoid them.

High-interest Debt: Avoid taking on high-interest debt like personal loans or credit card debt. If you already have such debts, prioritise paying them off as soon as possible.

Investing without Knowledge: Invest only in products you understand. Take time to educate yourself about various investment options and their risks.

Over-diversification: While diversification is key to reducing risk, over-diversification can dilute returns. Choose a balanced portfolio with a mix of equity and debt based on your risk tolerance.

Seeking Professional Guidance
While self-education and disciplined saving are crucial, consulting a certified financial planner can provide personalised advice.

Professional Advice: A CFP can help you create a tailored financial plan, optimise your investments, and ensure you stay on track to meet your goals.

Regular Review: Schedule regular reviews with your financial planner to assess your progress and make necessary adjustments.

Final Insights
Your willingness to start saving and securing health insurance is a commendable step towards financial stability. By budgeting effectively, prioritising health insurance, building an emergency fund, and investing wisely, you can create a secure financial future for yourself and your son. Remember, every small step counts, and consistency is key. With careful planning and disciplined execution, you will achieve your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more


Ramalingam Kalirajan  |3735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Asked by Anonymous - Jun 15, 2024Hindi
My so got 78 percent in ISC and he wants to do BTech computer science but I am private teacher, I unable to afford him for financial so kindly suggest me ,what I should do
Ans: Understanding Your Situation
Raising children is a rewarding but challenging journey, especially when financial constraints are present. Your son's ambition to pursue a BTech in Computer Science is commendable. His 78% in ISC is a strong foundation, and his passion for technology can lead to a successful career. As a private teacher, your dedication to education is evident. However, the financial burden of higher education can be daunting. Let's explore various options to make this dream achievable.

Exploring Scholarships and Grants
Scholarships and grants are valuable resources for funding higher education. They are often based on merit, financial need, or specific talents. Encourage your son to apply for as many scholarships as possible. Many institutions offer scholarships specifically for students in computer science. Additionally, various government and private organizations provide grants that do not require repayment. Research thoroughly and apply to all relevant opportunities.

Education Loans as a Viable Option
Education loans are a common solution for financing higher education. Banks and financial institutions offer student loans with relatively lower interest rates. These loans typically cover tuition fees, books, and living expenses. The repayment schedule usually starts after the completion of the course, providing some financial relief during the study period. Ensure that you and your son understand the terms and conditions of the loan agreement.

Part-Time Work and Internships
Encouraging your son to take up part-time work or internships can help ease the financial burden. Many companies offer part-time positions to students, allowing them to gain valuable work experience while earning money. Internships, particularly in the field of computer science, can provide practical knowledge and industry connections. This experience can be advantageous when seeking full-time employment after graduation.

Choosing the Right Institution
Selecting a cost-effective institution is crucial. While prestigious universities are appealing, many lesser-known colleges offer excellent education at a lower cost. Research institutions with strong computer science programs that fit within your budget. Public universities and colleges often have lower tuition fees compared to private institutions. Balancing quality education with affordability is key.

Exploring Online Education
Online education has gained popularity due to its flexibility and affordability. Many reputed institutions offer online degrees in computer science. These programs often cost less than traditional on-campus courses. Your son can study at his own pace while saving on accommodation and commuting expenses. Ensure that the online program is accredited and recognized by employers.

Financial Planning and Budgeting
Effective financial planning is essential to manage the costs of higher education. As a Certified Financial Planner, I recommend creating a detailed budget that includes tuition fees, books, accommodation, and other expenses. Analyze your current financial situation and identify areas where you can cut costs. Setting aside a portion of your income regularly can help accumulate funds for your son's education.

Utilizing Education Savings Plans
Education savings plans are a strategic way to save for future education expenses. These plans offer tax benefits and help in accumulating a substantial amount over time. Consider starting an education savings plan as early as possible. Even small, regular contributions can grow significantly over the years. Consult with a Certified Financial Planner to choose the best plan suited to your needs.

Exploring Crowdfunding Options
Crowdfunding has emerged as a popular method for raising funds for various causes, including education. Platforms like Ketto and Milaap allow you to create a campaign to raise funds for your son's education. Share your story and goals with friends, family, and the wider community. While this may not cover all expenses, it can provide significant support.

Leveraging Family and Community Support
Do not hesitate to seek support from family and friends. Many families contribute towards education collectively. Relatives may be willing to lend or gift money for your son's education. Community organizations and local clubs sometimes offer scholarships or financial aid. Reach out to these networks for potential support.

Reassessing Current Investments
If you have existing investments, consider reassessing them to fund your son's education. Surrendering or liquidating non-essential investments can provide the necessary funds. For example, if you hold LIC, ULIP, or other investment-cum-insurance policies, evaluate their performance and surrender value. Reinvesting these funds in more profitable avenues can help maximize returns. Consulting with a Certified Financial Planner can provide clarity and direction.

Encouraging Academic Excellence
Academic excellence can open doors to more scholarship opportunities and financial aid. Encourage your son to maintain high grades and participate in extracurricular activities. Active involvement in coding clubs, tech competitions, and other relevant activities can enhance his profile. Strong academic and extracurricular records can make him a more attractive candidate for scholarships and grants.

Understanding Long-Term Benefits
Investing in your son's education is an investment in his future. A degree in computer science can lead to lucrative career opportunities. The technology sector is growing rapidly, with high demand for skilled professionals. While the initial financial burden may seem overwhelming, the long-term benefits are substantial. Higher earning potential and career stability can provide financial security for your son and your family.

Seeking Professional Financial Advice
Navigating financial challenges requires expert guidance. Consulting with a Certified Financial Planner can provide personalized strategies for managing education expenses. They can help you create a comprehensive financial plan, optimize your investments, and explore funding options. Professional advice ensures that you make informed decisions to secure your son's educational future.

Exploring Government Initiatives
The government offers various initiatives to support higher education. Research government schemes that provide financial aid or subsidized loans for students. These programs are designed to make education accessible to all, regardless of financial background. Ensure that you and your son are aware of these opportunities and apply where eligible.

Emphasizing the Importance of Education
Instilling the value of education in your son is crucial. Emphasize that education is a powerful tool for personal and professional growth. Encourage him to remain committed and focused on his studies. Remind him that the challenges faced today will lead to a brighter and more prosperous future. Your support and encouragement are vital in his journey.

Exploring Financial Aid from Institutions
Many educational institutions offer financial aid to students in need. This aid can come in the form of scholarships, grants, or work-study programs. Research the financial aid options available at the institutions your son is interested in. Contact the financial aid offices directly to understand the application process and eligibility criteria. Securing institutional aid can significantly reduce the financial burden.

Balancing Work and Study
Balancing work and study requires discipline and time management. Encourage your son to plan his schedule effectively to accommodate part-time work or internships. This experience not only provides financial support but also helps develop essential skills such as time management, responsibility, and work ethic. Balancing work and study can enhance his overall college experience and prepare him for future professional challenges.

Leveraging Technology for Learning
Technology offers numerous resources for learning and skill development. Encourage your son to utilize online platforms, coding bootcamps, and free educational resources. Websites like Coursera, edX, and Khan Academy offer courses in computer science and programming. These resources can supplement his formal education and enhance his skills. Staying updated with the latest technological trends is crucial in the field of computer science.

Encouraging Networking and Mentorship
Networking and mentorship play a significant role in career development. Encourage your son to connect with professionals in the tech industry. Attending industry conferences, webinars, and networking events can provide valuable insights and opportunities. Finding a mentor in the field can offer guidance, advice, and support throughout his academic and professional journey. Building a strong network is essential for career growth.

Final Insights
Your dedication to your son's education is admirable. Despite financial constraints, numerous avenues can help make his dream of studying BTech in Computer Science a reality. Exploring scholarships, education loans, part-time work, and affordable institutions are practical steps. Effective financial planning, utilizing savings plans, and seeking professional advice can provide a solid financial foundation. Encourage academic excellence, leverage technology, and emphasize the importance of education. Your support and strategic planning will pave the way for a bright and successful future for your son.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more


Ramalingam Kalirajan  |3735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Asked by Anonymous - Jun 15, 2024Hindi
Hello sir, I have invested in multiple funds @20k per month, I have some 5-6 l in FDs and a home loan of 40k per month....I am a single mother my son is now 17 and planning to send him for his ug studies preferably with 100 percentage scholarship to Germany....I want to know how effectively I can manage well as I earn @85k
Ans: It's heartening to see your dedication to securing a bright future for your son and managing your finances effectively. As a single mother with substantial responsibilities, your proactive approach to financial planning is commendable. Let’s delve into a detailed financial strategy that will help you manage your income, investments, and expenses effectively.

Understanding Your Current Financial Situation
You have a monthly income of Rs 85,000, an ongoing investment of Rs 20,000 in multiple funds, and a monthly home loan repayment of Rs 40,000. Additionally, you have Rs 5-6 lakhs in fixed deposits (FDs). Your son, now 17, aims for an undergraduate education in Germany with a full scholarship.

Budgeting and Expense Management
The first step is to create a detailed budget. This will help you manage your expenses and allocate resources effectively.

Track Your Expenses: List down all your monthly expenses including groceries, utilities, transportation, and any other miscellaneous costs.

Categorise Your Expenses: Divide your expenses into needs and wants. Needs are essential expenses like food, housing, and utilities, while wants are discretionary spending like dining out and entertainment.

Evaluate and Adjust: Assess each category to identify areas where you can cut back. Prioritise essential expenses and find ways to reduce discretionary spending.

Managing Your Home Loan
A home loan repayment of Rs 40,000 per month is a significant portion of your income. Here’s how you can manage it more effectively:

Prepayment Strategy: If possible, make partial prepayments towards your home loan. This will reduce your principal amount and interest burden. Use any bonuses, increments, or the surplus from your FDs for prepayments.

Interest Rate Review: Regularly review your home loan interest rate. If you find a better offer from another bank, consider refinancing your loan to get a lower interest rate.

Investment Analysis and Optimisation
Investing Rs 20,000 per month is a good strategy, but it's important to ensure these investments align with your goals and risk tolerance.

Diversified Portfolio: Ensure your investments are diversified across different asset classes. This reduces risk and provides balanced growth.

Actively Managed Funds: Actively managed mutual funds can outperform index funds due to professional management. The fund manager's expertise can help navigate market fluctuations.

Review Performance: Regularly review the performance of your investments. Ensure they are meeting your expectations and adjust your portfolio as needed.

Planning for Your Son's Education
Sending your son to Germany for his undergraduate studies with a full scholarship is a wonderful goal. However, it’s crucial to plan for other potential expenses.

Scholarship and Funding: Research all available scholarships and funding options. Encourage your son to apply to multiple scholarships to increase his chances of securing one.

Living Expenses: Even with a full scholarship, there will be living expenses such as accommodation, food, transportation, and books. Estimate these costs and start saving specifically for this purpose.

Education Loan: Consider taking an education loan if needed. Many banks offer loans with favourable terms for studies abroad. This can cover any shortfall and ease the financial burden.

Building an Emergency Fund
An emergency fund is essential for financial security. It acts as a safety net in case of unforeseen expenses.

Set a Goal: Aim to save at least six months' worth of living expenses. This would be around Rs 2,50,000 to Rs 3,00,000 considering your current expenses.

Utilise FDs: You already have Rs 5-6 lakhs in fixed deposits. Allocate a portion of this amount as your emergency fund. Keep this in a liquid FD or a savings account for easy access.

Securing Adequate Health Insurance
Health insurance is crucial to protect against medical emergencies. Ensure you and your son are adequately covered.

Comprehensive Coverage: Choose a comprehensive health insurance plan that covers major illnesses, hospitalisation, and critical care. Compare different plans for the best coverage and premium.

Family Floater Plan: A family floater plan can be cost-effective. It provides coverage for both you and your son under a single policy.

Top-up Plans: Consider top-up health insurance plans for additional coverage at a lower cost. These plans act as an extension to your base policy.

Planning for Long-term Goals
Long-term financial planning is essential to ensure a secure future for you and your son.

Retirement Planning: Start planning for your retirement early. Invest in long-term growth assets like mutual funds to build a retirement corpus. Aim to save at least 15-20% of your income towards retirement.

Life Insurance: Ensure you have adequate life insurance coverage. A term insurance policy can provide financial security to your son in case of any unforeseen events. Calculate the coverage amount based on your financial responsibilities and goals.

Avoiding Common Financial Pitfalls
It’s important to be aware of and avoid common financial mistakes.

High-interest Debt: Avoid taking on high-interest debt like credit card debt or personal loans. If you have such debts, prioritise paying them off as soon as possible.

Over-spending: Stick to your budget and avoid unnecessary expenses. Impulse purchases can derail your financial plans.

Insufficient Insurance: Ensure you have adequate health and life insurance coverage. Under-insurance can lead to significant financial strain in case of emergencies.

Seeking Professional Guidance
While self-education and disciplined saving are crucial, consulting a certified financial planner can provide personalised advice.

Tailored Financial Plan: A certified financial planner can help create a customised financial plan based on your goals, risk tolerance, and financial situation.

Regular Reviews: Schedule regular reviews with your financial planner to assess your progress and make necessary adjustments. This ensures you stay on track to meet your financial goals.

Final Insights
Your proactive approach to financial planning is truly commendable. Balancing investments, loan repayments, and planning for your son’s education requires careful management and strategic planning. By creating a detailed budget, managing your home loan effectively, optimising your investments, and securing adequate insurance coverage, you can achieve financial stability and security. Regularly review and adjust your financial plan to ensure it aligns with your evolving goals and circumstances. With determination and discipline, you can provide a secure future for yourself and your son.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more


Ramalingam Kalirajan  |3735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Asked by Anonymous - Jun 15, 2024Hindi
Hi, i invested in multiple funds through SIP. I will stop the SIPs 2 or 3 years after and start with new set of SIPs from different fund house invest and discontinue this after 2-4 year. I do this activity in order to avoid continuous averaging in the same fund. So the continuous average may not grow as like only 2-3 years investment fund. Ex, I have Nippon fund, invested around 55k and stopped 2 years back now the return is 123%(within 5yr). Likewise my over all portfolio annualized return is 20%. So i want to know the way I'm investing is that correct, kindly help me. L
Ans: Reevaluating Your Investment Strategy
Your strategy of discontinuing SIPs every 2-4 years and switching to new funds is unique. However, it's essential to understand that stopping SIPs forcefully isn't always necessary. Instead, you might consider other strategies to optimize your investments.

The Importance of SIP Averaging
SIP averaging helps you manage market volatility by spreading your investments over time. This reduces the impact of market fluctuations on your portfolio. By continuing SIPs, you benefit from rupee cost averaging, which can lead to lower average costs and better long-term returns.

Assessing Fund Performance
Only discontinue SIPs if the scheme consistently underperforms compared to its benchmark or peers. Regularly review your funds' performance, ideally once a year. If a fund consistently underperforms, it might be wise to switch. However, if the fund performs well, continuing your SIP can be more beneficial.

Benefits of Stepping Up SIPs
Instead of discontinuing SIPs, consider a Step-Up SIP strategy. This involves gradually increasing your SIP amount, enhancing your investment without the need to switch funds frequently. Here are the benefits:

Compounding Growth: Increasing your investment amount periodically allows you to benefit more from compounding.

Inflation Adjustment: Step-Up SIPs help you adjust for inflation, ensuring your investment keeps pace with rising costs.

Goal Alignment: It helps you align your investments with your growing income and financial goals.

Implementing a Step-Up SIP Strategy
Implementing a Step-Up SIP strategy is straightforward. Here’s how you can do it:

Annual Increase: Decide to increase your SIP amount annually by a fixed percentage, such as 10-15%.

Income Linked Increase: Increase your SIP amount whenever your income increases, like after a raise or bonus.

Set Reminders: Use financial apps or set reminders to review and increase your SIP amounts regularly.

Evaluating Funds for Step-Up SIP
When choosing funds for Step-Up SIPs, consider the following factors:

Consistent Performance: Select funds with a track record of consistent performance over different market cycles.

Fund Manager Expertise: Look for funds managed by experienced and reputable fund managers.

Expense Ratio: Choose funds with a reasonable expense ratio to maximize your returns.

Benefits of Long-Term Investment
Continuing SIPs in well-performing funds for the long term has several advantages:

Rupee Cost Averaging: Long-term SIPs smooth out market volatility and reduce the average cost of investments.

Compounding Effect: Staying invested for the long term allows your investments to benefit from the power of compounding.

Reduced Transaction Costs: Fewer switches mean lower transaction costs and taxes, enhancing your overall returns.

Role of a Certified Financial Planner
Working with a Certified Financial Planner (CFP) can provide valuable guidance in implementing a Step-Up SIP strategy. Here’s how a CFP can assist:

Personalized Advice: A CFP offers tailored advice based on your financial goals, risk tolerance, and investment horizon.

Portfolio Review: They conduct regular portfolio reviews to ensure your investments align with your financial goals.

Tax Efficiency: A CFP helps you optimize your investments for tax efficiency, minimizing tax liabilities.

Managing Risk with Step-Up SIPs
Risk management is crucial in any investment strategy. Here’s how Step-Up SIPs can help manage risk:

Diversification: Spread your investments across different asset classes and sectors to reduce risk.

Asset Allocation: Maintain a balanced asset allocation based on your risk tolerance and investment horizon.

Regular Monitoring: Keep track of your portfolio’s performance and make necessary adjustments to stay on track.

Tax Implications of Step-Up SIPs
Step-Up SIPs can have tax implications, which need careful consideration:

Capital Gains Tax: Long-term and short-term capital gains tax apply to your investments based on the holding period.

Tax Planning: Collaborate with your CFP to plan your investments in a tax-efficient manner, optimizing your returns.

Aligning Investments with Financial Goals
Aligning your investments with your financial goals is essential for success. Here’s how to do it with Step-Up SIPs:

Short-Term Goals: For goals within 2-4 years, consider funds with lower volatility and stable returns.

Medium-Term Goals: For goals within 5-7 years, a mix of equity and debt funds can balance risk and return.

Long-Term Goals: For goals beyond 7 years, equity funds with a proven track record of long-term performance are ideal.

Final Insights
Your strategy of discontinuing SIPs frequently might not be necessary. Instead, focus on monitoring fund performance and implementing a Step-Up SIP strategy for better averaging and compounding growth. Work with a Certified Financial Planner to align your investments with your financial goals and optimize your portfolio for long-term success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


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Sushil Sukhwani  |413 Answers  |Ask -

Study Abroad Expert - Answered on Jun 15, 2024

Hello i have completed b.tech in computer science recently i want to do masters in data science in france which university will be best for doing this course.
Ans: Hello Akash,

To begin with, thank you for contacting us. I am happy to know that you have completed your Bachelor of Technology (B.Tech) in Computer Science and aspire to pursue your Master’s in Data Science in France. As an answer to your query, I would like to let you know that a number of variables viz., the program’s particular focus, research possibilities, experience of the faculty members, as well as your personal preferences pertaining to location and medium of instruction, play a key role in selecting the ideal university for a Master's in Data Science in France. You would be glad to know that there are several prominent universities in France that are renowned for the excellent data science programs they offer. You can consider applying to Université Paris-Saclay, CentraleSupélec, École Polytechnique, ENS Paris-Saclay, INSA Lyon, Université Pierre et Marie Curie (UPMC), and Université de Paris.

When deciding on a university, I would suggest that you examine their websites, the course offerings, view the profiles of the teachers, and if possible, get in touch with alumni or students presently studying there in order to acquire firsthand experiences. Not just that, I would also recommend that you examine the prerequisites for admission, language competence requirements (a number of programs are in French, although some offer English-language choices), and possibilities for internships or partnerships with industrial partners. Remember that each university has its distinct strengths and areas of expertise, and thus, I would suggest that you match your hobbies and professional objectives with the course offerings.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

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Sushil Sukhwani  |413 Answers  |Ask -

Study Abroad Expert - Answered on Jun 15, 2024

My daughter is doing PhD in ecology and wanted to pursue her career in outside country. Please advice.
Ans: Hello SURESH,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is currently pursuing her PhD in Ecology after which she intends pursuing her career abroad. To answer your question first, I would like to tell you that for your daughter, pursuing an ecological profession overseas can be a fulfilling choice. As the first step, I would recommend that your daughter investigates institutions and organizations in countries renowned for robust ecological research programs, viz., Australia, the USA, Canada, or European nations viz., the Netherlands, Sweden, and Germany. Bear in mind that networking is essential, and for the same I would suggest that she participates in international conferences, joins professional organizations, and interacts with experts in her field. Your daughter can also think about aplying for postdoctoral jobs that can offer invaluable experience and assist her in buiding a professional network in a foreign nation.

Moreover, your daughter should learn about the particular prerequisites and prospects in the countries she’s considering. This entails acquainting herself with visa guidelines, possibilities for funding, and labor market trends. To further help her relocate, she can also apply for scholarships, bursaries, and fellowships from universities and international organizations. Furthermore, I would like to tell you that acquiring good linguistic abilities, if applicable, and comprehending the host country’s cultural and professional standards will be beneficial. All in all, your daughter has a much better chance of landing a job in ecology overseas if she takes a proactive and thoroughly researched approach.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

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Ramalingam Kalirajan  |3735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 15, 2024

Thank you for answering my query and appreciate for your perfect analysis. My another question in continuation, is my allocation of 4000 in Small cap; 3000 in Midcap & 2000 in large cap is the right combination for my daugter who is just 19 years old and earning 15K stipend with any financial burden or obligations? Please note: In case of any point of time, if she unble to meet her SIP for sometime 6-8 months due to her studies ( I can fill the gaps ).
Ans: Thank you for your appreciation and kind words. It's wonderful to see your dedication to your daughter's financial future. Let's delve deeper into your question about the allocation strategy for her investments and address the concerns regarding potential gaps in SIP contributions due to her studies.

Assessing the Allocation Strategy
Small Cap Funds: Rs 4,000/Month
Growth Potential: Small cap funds have the potential for significant growth due to their exposure to emerging companies. These companies often have higher growth rates compared to larger, more established firms.

Risks: However, small cap funds are also highly volatile. Their performance can fluctuate significantly in the short term. Given her young age, she can afford to take on this risk for the potential of higher returns.

Mid Cap Funds: Rs 3,000/Month
Balanced Growth: Mid cap funds offer a balance between growth and stability. These funds invest in companies that are past the initial growth phase but still have significant growth potential.

Moderate Risk: Mid cap funds are less volatile than small cap funds but more volatile than large cap funds. This makes them a good middle ground for balancing the portfolio's risk and return.

Large Cap Funds: Rs 2,000/Month
Stability: Large cap funds provide stability to the portfolio. They invest in well-established companies that are typically less volatile.

Steady Returns: While the returns from large cap funds might not be as high as those from small or mid cap funds, they offer more predictable and steady growth over the long term.

Balanced Portfolio
Diversification: Your proposed allocation of Rs 4,000 in small cap, Rs 3,000 in mid cap, and Rs 2,000 in large cap funds is well-balanced. It diversifies the portfolio across different market capitalizations, which can help mitigate risks and optimize returns.

Young Age Advantage: At 19, your daughter has a long investment horizon. This allows her to ride out market volatility and benefit from the compounding growth of her investments.

Managing Potential Gaps in SIP Contributions
Understanding SIPs
Systematic Investment Plans (SIPs): SIPs are a disciplined way to invest regularly in mutual funds. They help in averaging out the cost of investment and instill a habit of regular saving.

Flexibility: One of the significant advantages of SIPs is their flexibility. Investors can pause and resume their SIPs based on their financial situation.

Addressing Potential Gaps
Temporary Pause: If your daughter needs to pause her SIPs for 6-8 months due to her studies, it won't negatively impact her overall investment strategy. Most mutual fund companies allow investors to pause and resume SIPs without penalties.

Parental Support: Since you mentioned that you can fill the gaps if needed, this adds an extra layer of security. Your support can ensure that her investment journey continues uninterrupted, even if she faces temporary financial constraints.

Long-Term Perspective: The key to successful investing is a long-term perspective. Temporary pauses in SIPs won't significantly affect the long-term growth of her portfolio, especially with your backing.

Importance of Regular Reviews and Adjustments
Periodic Portfolio Review
Regular Check-ins: It's essential to review the portfolio periodically. This helps in assessing the performance of the funds and making necessary adjustments.

Rebalancing: Depending on the market conditions and the performance of different fund categories, rebalancing the portfolio might be required. This ensures that the allocation remains aligned with the investment goals.

Professional Guidance
Certified Financial Planner (CFP): Working with a CFP can provide valuable insights and strategies. A CFP can help in monitoring the portfolio and making informed decisions based on market trends and individual financial goals.

Final Insights
Your approach to starting your daughter's investment journey with a diversified mutual fund portfolio is commendable. The proposed allocation of Rs 4,000 in small cap, Rs 3,000 in mid cap, and Rs 2,000 in large cap funds is well-thought-out. It balances growth potential with stability, making it suitable for her age and financial situation.

Understanding that she might need to pause her SIPs due to her studies is realistic. The flexibility of SIPs and your willingness to support her during these times will ensure her investment journey remains on track. Regular portfolio reviews and professional guidance will further enhance her financial growth and stability.

Your foresight in planning her financial future is impressive. By taking these steps, you are setting her on a path to long-term financial success.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,


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Sushil Sukhwani  |413 Answers  |Ask -

Study Abroad Expert - Answered on Jun 15, 2024

Asked by Anonymous - Jun 08, 2024Hindi
My nephew is bachelor in arts with physical education having 50 % marks and is also a good gym trainer. He has special interest in body building also. He want to go to Australia or any other country for bright future. What should he do or for which couse/ country should apply. Pl guide
Ans: Hello,
First and foremost, thank you for contacting us. Given your nephew’s background in physical education and his interest in bodybuilding and gym training, he would have a solid foundation for further education and career opportunities abroad.
Going further, let me tell you that he can choose to pursue an additional bachelor’s or go further with a master’s degree in exercise science or sports management. Australia is known for its robust sports programs and high-quality education. He can consider institutions like the Australian College of Physical Education (ACPE), Deakin University and the University of Queensland. He can also consider pursuing a degree in countries like the UK or Canada.
Start by researching the program, making sure to meet the admission requirements, preparing application materials accordingly, and also considering scholarships. By pursuing further education abroad, your nephew can significantly enhance his expertise and career prospects in the field. Countries like Australia, the UK, and Canada offer exceptional growth and personal development in these areas.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

Website- https://www.edwiseinternational.com/

You can follow us on our Instagram page- @edwiseint

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


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