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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 27, 2020

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
M Question by M on Oct 27, 2020Hindi
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Relationship

I am from Pune, but for the past 3-4 months I have been living in my hometown along with my family(wife,2 kids and parents).

Currently I am working from home but for the past 2-3 weeks I am feeling unmotivated to do any work.

I have been thinking of quitting my job for the past several years but not able to do it because I am the sole earner in the family.

The last couple of projects I worked on did not turn out to be successful and a lot of the responsibility of the failure was on me as I have lost focus on my work.

I don't know the reason for that but I feel my unwillingness to work in my current field, along with this lockdown period has added to my stress.

I feel like quitting my job today and start looking for a new job but the fear of not getting a job at all stops me from doing so.

I have some savings on which I can survive for a few months. I have also discussed this with my wife, she is willing to support me in every decision I make.

Lot of negative thoughts come to my mind these days. Can you help me make the right decision?

Ans: Dear M, Many people are in a space that you are in currently.

The pandemic has created newer challenges that are unfamiliar to most of us.

It is imperative that we adapt to the best of our knowledge and make the best of what is right now.

Having said this, what I can suggest is work on your mind. It isn’t supporting you and what you feed it regularly is the way it will serve you.

So, the decision will be taken by you as you know your skills, knowledge, industry and your finances to arrive at that decision that will take you out from where you are now. But, what I can share is how you can strengthen your mind to make that decision.

1. Start where you are now without harping on what you could have done or should have done. The past is a learning. Learn from it.

2. Write down the pros and cons of staying in the current job, taking a new job and starting a new business. Factor the element of the Pandemic in all the three scenarios

3. Once you know which one is the best for now, begin with telling yourself that you are doing this for a reason.

What is the reason? Managing your home, paying loans etc. Make these responsibilities not an enemy but a friend as it’s not just you but possibly many others who are doing the same

4. Motivation can be from outside or from within you. Tap into both as it comes in handy when a friend keeps you on the right path or you visualize the happiness and comfort that you are seeing yourself and your family in with the decision taken. Meditate for calming the mind if you can.

5. Lastly and most importantly, be grateful for having a job, no matter what it is as there are many who are losing jobs and this is actually a reward for you having one

Life has changing phases and nothing is permanent, so even this phase will give rise to a new and better one. Till then, make the best of this.

Happy Navigating! Have a good life!

You may like to see similar questions and answers below

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 06, 2020

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Relationship
Hi Anu, I am 42 yrs old male. I am a Public Health Professional and work in an International NGO on health issues based in Delhi. I have ageing parents (both suffering from cardiac illness, diabetes and hypertension) which are based in Mumbai, my immediate family (wife and two kids) stays with my parents as there is no one else to take care of them. My parents especially my father is adamant that he doesn’t want to leave his house and stay with me in Delhi. As a result my immediate family is also forced to stay in Mumbai taking care of my parents. My wife is very supportive, however as this situation is like this since last 4-5 years and we are staying in two different cities, it has now taking stall at emotionally and physically on both of us (me, my wife and my two kids). I am desperately searching for job in Mumbai, however in my sector there are not very good opportunities in Mumbai. I tried my hands in two there places for job, however to my misfortune things didnt work out. I am a mid-senior level professional and have reached this position after a lot of hard work, however the stress has started affecting my performance and overall reputation in the organization. Hence there is constant stress of performance, ability to deliver, overall situation has lowered my confidence level affecting my work further. Dissatisfied with my work, my supervisor has already started sidelining me. I am desperately started thinking of leaving the job, however financial condition doesn’t allow me to do that. With COVID-19 pandemic things has worsened, as I am stuck in Delhi even in lockdown, leaving my parents and my wife struggling in Mumbai amidst the lockdown. Even now cant visit them as stressed, whether i will carry risk of infection to my parents, wife and kids, Hence staying away, it’s been 8 months that have not met them. Not sure, how to handle this. One way I thought as looking out opportunities in Mumbai, even if at junior level, However i am trying for that, but not getting suitable opportunities. Not sure, how to handle the pressures from family (Parents don't want to shift, wife is not ready to stay away and has given time till March, there constant pressure of performance). Not sure, what to do.
Ans: Dear S, surely, this pandemic has put many at inconvenience in different ways for each of us across the planet.

What we can do is make the best of what is at this point in time. It indeed is hard to be away from family at a time like this.

I know parents in some families do find it hard adjusting to a new city at their age and having your wife care for them as logical as the decision was has begun to take a toll on the family as a whole.

It is an amazing feeling to come back home to a family after a hard day’s work where they wait with love, care and support.

Either a job in Mumbai or moving your family to Delhi are the options as it is evident that family and their love is important for you to have the security and stability.

Having said this, Lockdown 5.0 begins soon, I think fearlessly take a call, visit your family.

If you think you want to isolate yourself in the fear of COVID-10, do so…but more that all of this, do sit down as a family, COMMUNICATE, talk to your parents about how this is affecting you and obviously they care and love you enough to hear your side of the story.

And finally, do what needs to be done to make sure that your parents understand and are taken care of and your wife and children are with you as a family.

Happy decision making and be happy!

..Read more

Krishna

Krishna Kumar  |270 Answers  |Ask -

Workplace Expert - Answered on Mar 04, 2024

Asked by Anonymous - Mar 04, 2024Hindi
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Career
Hi Krishna I have worked as a software engineer for last 20 years and I am exhausted and feel like quitting the software industry. Even though work is manageable, due to my experience the expectation from Leadership is high, and delivery expectations also is too much. Workplace is toxic, and too much of politics. I am an introvert and feel like doing remote jobs for lesser pay or rather quit completely and continue with my spiritual journey since I have seen lot of pain and suffering with respect to my health, marriage etc etc. I am also drawn towards spiritual life because leading a materialistic life seems meaningless. I am 45 today, I have no more interest in material life but due to obligations towards family and 1 child, I am working for money and I also need money for medical expenses because I underwent through a major health crisis 10 years back where I lost organ for surgery, this has created major imbalance in hormones leading to depression, anxiety and unable to face everyday challenges. This is also the reason due to which I cannot continue working. I have some 50k monthly as passive income and only 1 child. With some ppf, pf amount. Would this be enough for me to continue on spiritual journey and exit material and hectic IT life due to health issues and no peace in what I am doing ? Can you suggest how I can get some remote jobs that I can do if in case I need money. I am a BTech MBA graduate and managed to survive in this pressure hectic IT life for 20 years and feel like giving up everyday. I sometimes feel it was better off to lead a life without this education, engineering because all we need is 2 pair of clothes, shelter and 2 times food and for that we need to struggle so much in a city when compared to a village life. Please guide me not just from your perspective but step into my situation and understand and share your thoughts, or have you seen anyone like me and how have they managed to lead life after quitting and leading a monastic life
Ans: Dear

At the outset let me express my gratitude to you for putting up your question. It's indeed very profound.

First and foremost, your personal health is of foremost importance. Nothing should come in between that.

Secondly, money is essential but it's like the fuel not the engine.

Thirdly, work we must because it makes us fulfilled but we should not let work define our identity.

Fourthly, family commitment is our responsibility never run away from that.

Finally, spiritual journey or pursuing hobbies should not be taken up because we feel frustrated with some other things in life. They should be an end in itself.

I can feel what you are going through because many are in a similar situation like you but they don't have clarity or courage to accept that. So cheers to you for being aware of your situation and accepting it.

Here are few thoughts that I would share, however please take them as pointers and not as an advise, because we all have our own emotional disposition. That's why I believe an advise that may work for one person will not work for another because we all have our own emotional state and that defines the way we feel after taking certain decisions.

1. Slow down...you may want to ask your company to make you contractual with reduced responsibility and pay or you can take up contractual assignment with some other companies. In today's cost cutting environment companies would prefer that.

2. Talk to your spouse about your current state, let me tell you our spouse has a better feel of what we should and should not do. Moment you talk to your better half world of options will open. But more than that you will realise that you have someone in life who cares for your well being...that feeling is what we all need...someone caring for us.

3. Give up the notion of self identification through work. After salary that's the biggest drug that keeps us going in a job. We can't see ourselves outside of work as if we are born to work.

Lastly pray to God seeking guidance and clarity, trust me prayer is very powerful because it makes us calm and it's the calm mind that gives clarity.

Wishing you the very best. Trust me you will be alright soon.

With Love
Krishna

..Read more

Kanchan

Kanchan Rai  |183 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 23, 2024

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I am working in a good priviate company for the last 32 years . For the last 6 months I am loosing interest in work orin office wanted to stay at home. But I had realised that even at home during holidays/sundays I do not feels good at all, dont like to talk intereact etc. even do not like to visit any wheres . all the tims=es scared about unwanted worries . Plesae tell me the solution.
Ans: Dear K
It sounds like you may be experiencing a deeper sense of disengagement and possibly even symptoms of depression or anxiety. It's important to address these feelings and seek support from professionals if needed. Consider reaching out to a therapist or counselor who can provide you with support and guidance. They can help you explore the underlying causes of your feelings and develop coping strategies to manage them. Prioritize self-care activities such as exercise, meditation, spending time outdoors, and engaging in hobbies that bring you joy. Taking care of your physical and emotional well-being is crucial for managing stress and improving your mood.Even if you don't feel like socializing, try to stay connected with friends and loved ones. Having a support system can provide comfort and perspective during difficult times.Reflect on what gives your life meaning and purpose beyond work. Consider volunteering, pursuing hobbies, or engaging in activities that align with your values and interests. Be gentle with yourself and recognize that it's okay to have periods of low motivation or energy. Set realistic expectations for yourself and celebrate small victories along the way.If you're experiencing symptoms of depression or anxiety, such as persistent feelings of sadness, hopelessness, or worry, consider speaking with a psychiatrist. They can assess your symptoms and recommend appropriate treatment options, which may include therapy, medication, or a combination of both.Establishing a daily routine can provide structure and stability, which can be especially helpful if you're feeling aimless or unmotivated. Try to incorporate activities that bring you a sense of fulfillment and accomplishment.Practice mindfulness and focus on the present moment rather than dwelling on past regrets or worrying about the future. Mindfulness techniques such as deep breathing, meditation, or progressive muscle relaxation can help calm your mind and reduce stress.
Remember that seeking help is a sign of strength, and you don't have to navigate these feelings alone. There are resources and support available to help you work through this challenging time and rediscover a sense of purpose and fulfillment in your life.

..Read more

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Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 06, 2024Hindi
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Money
I'm having 35L lumpsum. Please suggest investment strategies to make it to 1CR in roughly 5 YEARS or before. Experienced & Professionals please suggest. I need help. Please.???? Your valuable insights & suggestions are MOST WELCOME. THANKS IN ADVANCE. KINDLY HELP ????????????
Ans: let's approach this with a realistic perspective. Achieving a 1 crore target in just 5 years from a 35 lakh lump sum is quite ambitious and may involve high-risk strategies. It's essential to understand that aiming for quick riches often leads to disappointment and potential loss of principal.

Instead of chasing unrealistic targets, focus on sustainable wealth-building strategies. Consider allocating your lump sum across a diversified portfolio of assets such as equity mutual funds, debt instruments, and possibly some exposure to real estate investment trusts (REITs) or gold ETFs for stability.

Aiming for a reasonable annualized return of around 12-15% is more realistic over the long term. Remember, slow and steady wins the race in wealth accumulation. Avoid falling for get-rich-quick schemes or high-risk investments promising unrealistically high returns.

Prioritize your financial goals, whether it's wealth creation, retirement planning, or other objectives, and tailor your investment strategy accordingly. Consult with a certified financial planner to create a personalized investment plan aligned with your risk tolerance and financial objectives.

In conclusion, while it may not be feasible to achieve a 1 crore target in just 5 years with a 35 lakh investment, adopting a disciplined and diversified approach to investing can help you steadily build wealth over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hello Jinal, greetings, I have been investigating in the below funds. Please let me know whether I should continue my SIP of 40K in these below funds for next 10,15,20 years. Investing since Apr 2023. Age 33, goals: retirement, children education and marriage. Funds: 1. Axis growth opportunities direct fund. 2. DSP Value fund direct. 3. SBI multi cap direct fund. 4. PPFAS flexi cap direct fund. 5. Quant tax saver fund direct. Reason to choose these funds to get diversified categories as well as international exposure. Adding more, like each funds strategies are different from each other.
Ans: It's great to see your commitment to long-term financial planning! Your chosen funds indeed offer a well-rounded portfolio catering to various investment objectives. Each fund's distinct strategy enhances diversification, mitigating risk and maximizing returns over time.

Axis Growth Opportunities fund provides exposure to high-growth potential companies, aligning with long-term wealth accumulation goals. DSP Value fund, focusing on undervalued stocks, adds stability to your portfolio, crucial for achieving financial milestones like children's education and marriage.

SBI Multi Cap fund's flexibility in investing across market caps ensures adaptability to market dynamics, essential for sustained growth. PPFAS Flexi Cap fund's international exposure offers a hedge against domestic market volatility, fostering global wealth creation opportunities.

Quant Tax Saver fund not only aids in tax efficiency but also provides a unique investment approach, complementing the other funds' strategies. However, it's vital to monitor fund performance periodically and rebalance if necessary to stay aligned with your goals.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:
Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.
• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.
• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.


Remember, investing is a marathon, not a sprint. Stay disciplined, and trust the process. Your dedication to systematic investment will yield significant results over the years, securing a comfortable future for you and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hello Sir, greetings, I have been investigating in the below funds. Please let me know whether I should continue my SIP of 40K in these below funds for next 10,15,20 years. Investing since Apr 2023. Age 33, goals: retirement, children education and marriage. Funds: 1. Axis growth opportunities direct fund. 2. DSP Value fund direct. 3. SBI multi cap direct fund. 4. PPFAS flexi cap direct fund. 5. Quant tax saver fund direct. Reason to choose these funds to get diversified categories as well as international exposure. Adding more, like each funds strategies are different from each other.
Ans: It's great to see your commitment to long-term financial planning! Your chosen funds indeed offer a well-rounded portfolio catering to various investment objectives. Each fund's distinct strategy enhances diversification, mitigating risk and maximizing returns over time.

Axis Growth Opportunities fund provides exposure to high-growth potential companies, aligning with long-term wealth accumulation goals. DSP Value fund, focusing on undervalued stocks, adds stability to your portfolio, crucial for achieving financial milestones like children's education and marriage.

SBI Multi Cap fund's flexibility in investing across market caps ensures adaptability to market dynamics, essential for sustained growth. PPFAS Flexi Cap fund's international exposure offers a hedge against domestic market volatility, fostering global wealth creation opportunities.

Quant Tax Saver fund not only aids in tax efficiency but also provides a unique investment approach, complementing the other funds' strategies. However, it's vital to monitor fund performance periodically and rebalance if necessary to stay aligned with your goals.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:
Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.
• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.
• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.


Remember, investing is a marathon, not a sprint. Stay disciplined, and trust the process. Your dedication to systematic investment will yield significant results over the years, securing a comfortable future for you and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hi I'm Atish, I want to invest a lumpsum of 3lakhs in which fund I should invest please guide.
Ans: Hello Atish,

Investing a lump sum of 3 lakhs requires careful consideration of your financial goals, risk tolerance, and investment horizon. Here's a suggestion on where you could invest:

Given the current market conditions and your investment horizon, consider allocating your lump sum across a diversified portfolio of mutual funds. Since you're investing a significant amount at once, it's crucial to mitigate risk by spreading your investments across different asset classes.

You can consider investing in a combination of large-cap, mid-cap, and multi-cap equity funds to capture growth opportunities across market segments. Additionally, allocating a portion to debt funds can provide stability to your portfolio and reduce overall volatility.

Look for mutual funds with a proven track record of consistent performance, low expense ratios, and experienced fund managers. Consider funds that align with your investment goals and risk appetite.

Before making any investment decisions, it's advisable to consult with a Certified Financial Planner who can assess your financial situation, goals, and risk tolerance. They can help you design a personalized investment strategy and select suitable mutual funds to achieve your objectives.

Remember to review your investments periodically and make adjustments as needed to stay on track towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

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Money
Hi sir I started my investment in dsp mutual fund with 11,000 from July 2023 and in Bank of India mutual fund in small flexi and multi cap 4000 each every month from December what could be me return after 15 years
Ans: Predicting the exact returns of mutual fund investments over 15 years is challenging due to market uncertainties. However, we can estimate potential returns based on historical performance and certain assumptions.

DSP Mutual Fund and Bank of India Mutual Fund offer a range of equity-oriented funds, which historically have provided higher returns over the long term compared to fixed-income investments.

Assuming an average annual return of 12% for DSP Mutual Fund and 10% for Bank of India Mutual Fund, which are reasonable estimates based on historical market performance, we can project the future value of your investments.

Considering your monthly investments of 11,000 in DSP Mutual Fund and 8,000 (4,000 each) in Bank of India Mutual Fund, let's calculate the future value using a mutual fund calculator.

After 15 years, your investments could potentially grow substantially, providing a significant corpus for your financial goals. However, it's essential to review and adjust your investments periodically based on market conditions and your financial objectives.

Keep in mind that these are projections based on historical data and assumptions. Actual returns may vary depending on market performance and other factors. It's advisable to consult with a Certified Financial Planner for personalized investment advice tailored to your specific needs and goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 11, 2024Hindi
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Money
Hi sir I am 58 years old. I never invested any stock market or shares or any such market funds I was working in gulf country. Earned around 8cr . Now all in fixed deposits. I was busy during my job time. I was only concentrate my jobs .now I want advice how to invest on My atleast half amount MF smilar funds. I also invested realestate around 25 years back. Now all got good appreciation. I have 2daughter and one son.daughters are earning good salary. Son studying.no loan or no commitment . Please advice how I can invest on MF stock linked market so I can make enough better growth than fixed deposits
Ans: It's commendable that you're considering diversifying your investments beyond fixed deposits, especially given the potential for higher returns in the stock market. Let's explore how you can begin investing in mutual funds (MF) and similar funds with a portion of your wealth.

Since you're new to the stock market and MFs, it's wise to start with a conservative approach. Consider investing a portion of your fixed deposits into balanced funds or equity-oriented hybrid funds. These funds offer a mix of equity and debt instruments, providing growth potential while mitigating risk.

Given your substantial corpus, you have the flexibility to invest in a diversified portfolio of mutual funds across different categories. Allocate funds based on your risk tolerance, financial goals, and investment horizon.

For long-term wealth creation, equity mutual funds, particularly large-cap and multi-cap funds, can be suitable. These funds invest in well-established companies with strong growth potential, offering the possibility of higher returns over time.

Consider investing systematically through Systematic Investment Plans (SIPs), which allow you to invest a fixed amount regularly. SIPs help in rupee-cost averaging and reduce the impact of market volatility on your investments.

Since you have no immediate financial commitments and your children are financially independent, you can afford to take a long-term view with your investments. Focus on staying invested for the long haul to benefit from the power of compounding.

However, it's crucial to consult with a Certified Financial Planner who can assess your financial situation, risk appetite, and investment objectives. They can help you devise a personalized investment strategy and guide you through the process of investing in mutual funds.

In conclusion, by diversifying a portion of your wealth into mutual funds, you can potentially achieve higher growth than fixed deposits over the long term. With careful planning and professional guidance, you can navigate the complexities of the stock market and work towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ravi

Ravi Mittal  |190 Answers  |Ask -

Dating, Relationships Expert - Answered on May 11, 2024

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Relationship
Hello Sir/Ma'am, Myself Sachin. Basically I'm from Thrissur (Kerala) where I born. But in terms of education, I did my schooling & colleges from Pune (Maharashtra). My DOB is 30th October 1984. So right now I'm 39. Till now I'm single trying to get a life partner to have a good understanding since 7 years. However, no one I got yet. Even I tried dating through online dating app called quack quack where sometimes I get a positive responses. But later on, that relationship doesn't prolongs. In this situation, what shall I do to have a good life partner? Right now I reside in Coimbatore (Tamilnadu) with my parents in one of the senior citizen complex. In terms of education I did my BBA from Delhi University. Also have work experience into customer support voice process for about 9 years. Currently I run my business as a photostat in Coimbatore.
Ans: Hi Sachin,

I understand that dating can sometimes be very frustrating. You have every right to start wondering whether it will work or not. Since you have already tried dating apps and even had a positive experience, I would ask you to recognize that as a win first. Second, let me share some tips with you that might help you find the right kind of matches:

- Write a detailed and attractive Bio. What should it include? 40% about yourself- your education, your quirks and habits, likes and preferences, and everything that makes you you. 10% about what you can offer as a partner. 10% about the type of relationship you want. Do you want to date exclusively, or are you looking for casual? Are you looking to get married or long-term dating? Mention it clearly to attract the right matches. The remaining 40% should be about the kind of person you want to date. Your idea of a perfect partner. It would save you a lot of time and energy on the relationships that start strong but eventually fizzle out.

- The display picture can play an important role. Always pick a recent and clear image to never mislead anyone. Choose an image that shows you in your element, preferably smiling because that makes you seem warm and welcoming. Refrain from over-editing.

- Another important step is the first message. Write a detailed and personalized first message instead of a Hi.

Other than this, I would ask you to have patience. Regardless of the mode of dating, finding the right partner can take time in certain instances. Good things take time.

Best Wishes.

...Read more

Ravi

Ravi Mittal  |190 Answers  |Ask -

Dating, Relationships Expert - Answered on May 11, 2024

Ramalingam

Ramalingam Kalirajan  |1981 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 11, 2024

Asked by Anonymous - May 06, 2024Hindi
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Money
Hi i am 42 yrs i am govt servent going to retire at 58 currently my salary 60pm from last one years i started investing in mutual fund 10k in nippon small cap 5k in sbi large and small cap and this years started 5k in nippon flexi cap fund currently i hav 24lac in ppf account also need to make small home for that i need 40 lac suggest me some should i take home lone or use my savings for that
Ans: Considering your retirement in 16 years and your current investment in mutual funds and PPF, let's analyze your options for purchasing a home.

You're off to a good start with your mutual fund investments, providing potential growth over the long term. However, investing in equity funds for a short-term goal like buying a house carries risk due to market fluctuations.

Given your timeline and the need for 40 lac for a home, it's prudent to explore multiple avenues. Utilizing your savings in PPF is an option, but it might not cover the entire cost.

Taking a home loan could be a viable solution. It allows you to preserve your savings and spread the cost of the house over a longer period. However, consider the loan's interest rate, tenure, and your ability to repay post-retirement.

Alternatively, you could partially fund the home with your savings and take a smaller home loan, reducing the burden of EMIs post-retirement. This approach offers a balance between utilizing savings and leveraging loans.

Consult with a Certified Financial Planner to assess your risk tolerance, evaluate loan options, and devise a suitable strategy aligned with your financial goals and retirement plans.

In summary, weigh the pros and cons of using savings versus taking a home loan, considering factors like interest rates, repayment capacity, and post-retirement income. With careful planning, you can achieve your goal of owning a home while safeguarding your financial future.

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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