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Kanchan

Kanchan Rai  |202 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 24, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Apr 13, 2024Hindi
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Relationship

I am single mother of 12 year old boy and got divorced last year after 7 years of living seperate from my ex husband, I got married in 2010 through matrimonial site and had very toxic and abusive relationship, so I came to my maternal home in 2016 completely. There were many occasions when he approached me and promised to behave properly but failed to do so . He only filed for divorce by making false accusations of being characterless. I gave him divorce and in return I got very less alimony or the amount which was given in cash to them in my marriage. Now I came to know that he remarried and living his life . He is still in contact with my son and sometimes he blame me and my parents for this divorce. My first question is that is he trying to manipulate my son ( he is not bearing any education expenses of my son) And when I ask my son if I can also move on in my life, he refuses and says I don't want to share you with anyone. So I am very confused.

Ans: I'm sorry to hear about the challenges you've been facing. It sounds like you've been through a lot and are trying to navigate a difficult situation for both yourself and your son.

Regarding your ex-husband's behavior, it's possible that he may be trying to manipulate your son, especially if he is blaming you and your parents for the divorce. Children can be susceptible to manipulation, especially when they're caught in the middle of a divorce. It's important to maintain open communication with your son and reassure him that the divorce was not his fault and that both you and your ex-husband still love him.

As for your son's reluctance to see you move on, it's not uncommon for children of divorce to struggle with the idea of one or both parents moving on and forming new relationships. Your son may fear losing the close relationship he has with you or worry about how a new relationship might change his life. It's essential to validate his feelings and reassure him that your love for him will not change, regardless of any new relationships you may have.

It might also be helpful to involve a therapist or counselor who can work with both you and your son to navigate these emotions and provide support during this challenging time. Additionally, continuing to foster a strong, positive relationship with your son and maintaining open communication will be crucial as you both move forward.

Ultimately, while it's important to consider your son's feelings, it's also essential for you to take care of yourself and pursue your own happiness. Balancing your needs with those of your son can be challenging, but with time, patience, and support, you can find a way forward that works for both of you.

You may like to see similar questions and answers below

Anu

Anu Krishna  |891 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 06, 2022

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Relationship
Hi Anu, I would like to be anonymous.I got cheated by my boyfriend in my 20s and was in depression. My parents thought that it would be nice if I get married to someone who is elder to me and we'll settled.They got me a match who is 13 years elder than me. Joint family, one sister separated with her kid in the same house, one unmarried.I said yes but had the intuition that something is wrong. No one trusted me and I got married to the man. From Day 1, we were fighting. I tried to take help from my parents to get separated after a year but they didn't help me due to societal pressure. After my son born, he paid no attention towards my son and me for 7 months. But this time he told that he was busy at work. I returned to my in-laws.He tried to control everything –my friends, he restricted my social media accounts and also kept a screenshot of my conversation with my ex-boyfriend, threatening me to reveal it to my mom and dad. He also had the habit of not talking for 2-3 months in the same house. He did it for almost 10 years and pressurised me to have a second child. During my pregnancy, he yelled at me calling me mad and fought with me. He called my father and told him I am mad and sent me to my mom and dad again for delivery.Keeping my elder son for reference he tells to come back again. He doesn't provide any financial support and is threatening again with screenshots.He often checks my mobile without my permission affecting my BP. I don't know why? I lost my sleep at night for several months by now. I am not able to concentrate on anything. Negative thoughts occupy my mind. I have a kid of 1.5 years with me.Please help. I am mentally devastated. Thank you.
Ans:

Dear K,

What advice will you give a close friend if she came to you with the same problem that you have stated? Will you ask her to reconcile or keep her sanity intact?

Controlling the spouse is a classic way of coping for insecurity related issues within a relationship.

Being years older to you and having a young wife possibly might have given him goosebumps of you being attractive to people your age.

Whatever the reason, being passive aggressive and registering his insecurity through not talking for months, stalking you, monitoring your social media accounts, threatening to blackmail you with screenshots from your previous affairs; does it all sound like he is a person who you want to spend your life with?

If you still feel there is small chance and you want to, seek the help of a professional who can work with him and then the two of you to create an element of trust that is absolutely missing.

Any relationship that lacks trust, just crumbles as the foundation is weak and every little act that questions the other person’s integrity drives a further wedge.

You have a child that is dependent on you; be strong and whichever way that you choose, drive it…Inaction is what is causing you health issues, so do something NOW.

All the best and Be Strong.

..Read more

Shalini

Shalini Singh  |72 Answers  |Ask -

Dating Coach - Answered on Feb 24, 2023

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We had an arranged marriage through matrimonial site. He lied to me about his drinking habits and financial status, etc. But after marriage i let it go that these things can be changed. His mother from the very first day was taunting and harrassing me for my skin colour, clothes, things given by my parents, etc. I never answered back to her. He also didn't said a single word to stop her. His sisters also used to taunt me and there were lots of interference. I never told anything to my parents. One day his mother was harrassing me over phone. I didn't said anything to her but called my husband and told him everything in very angered tone. He recorded everything and sent it to my parents, his parents, etc. When i tried to confront him, he blocked me. We couldn't talk for a long period. Now, he doesn't want to continue this relationship and said he wants divorce without giving any explanation. I am also very hurt. But also very confused about my future with him that how will i live with such a spineless man? My parents are not listening me that i also don't want to continue this toxic relationship. What should I do?
Ans: Its unfortunate that you had to experience what you had to...

1. Hope you are financially independent, if not please skill yourself and become so

2. Arranged marriage via family/ via an online site does not guarantee personality of a person's personality - hope you understand so.

3. Its unfortunate that your ma-in-law is an insecure and a negative individual because happy and secure folks do not behave the way she behaves with you.

4. It seems your husband also lives on some ego horse and recorded the conversation and shared it with the family.

Now I am more confused than you are - you have shared you are
a) unhappy
b) in an abusive relationship

my confusion is the following
a) why did you not break away and take this poor behaviour, where is your self worth
b) why do you want to go back into the black hole

As shared above - please work on yourself, your self worth, your confidence and work on skilling yourself to be financially independent....

Having said this you and only can decide on your life's future.

..Read more

Anu

Anu Krishna  |891 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 28, 2023

Asked by Anonymous - Sep 26, 2023Hindi
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Relationship
Hello My husband and I took mutual divorce before 1.5 years. this was my second marriage and I married him because he assured me that he will be a father for my toddler. after 7 years of adjustments in marriage (as he was not good as a, neither emotionally nor financially) father, he filed for divorce in just 20 days of our arguments. He raised his hand so I was upset and angry so I too signed the papers. Just after filling divorce that he started asking me to come back else he will get married. I denied to go back and he started seeing girls within a week of filling divorce. With the court procedure, he used to ask me to come back but I was heart broken bcoz he was seeing bride so I denied again. This was continued and our divorce granted. Now since six months again he started approaching me by saying that I only love you and so could not get married. for your kind information, he is very impatient and aggressive by nature. Due to his nature and behaviour I and my family decided to cut him off because it is creating stress only. but till today he is trying to contact me by one or other means. I am already very stressed and emotionally broken down because this happened to me second time. Some times I feel that I should give him one more chance but when looking to my kid, who is 12 now, I am giving up on this thought. and I am not sure whether he is doing this for feelings or just because he is not getting a woman of his choice to marry. My family members are saying that he has no feelings for me and my son but he is just calling me back for his adjustments. I don't know I should trust him or not.
Ans: Dear Anonymous,
What sort of a game is this? Like children fighting on one day and not speaking with one another and then making up the next day only to fight again...
Why so much of vacillation on your part? When you two separated, was it a conscious move or was it on an impulse?
Also, be very cautious as to why he is insistent on getting back with you?
Also, has he changed his ways and will he be more available to the family now? Wasn't this the reason that actually things went downhill for you?
Plus, he's looking at prospective brides...and you say that he is aggressive and impatient...

So, what is your confusion here?
What will you get by getting back with him?
What will you lose or not gain by not getting back with him?
Are you willing to make compromises to be with a person that you call aggressive?
How is this going to affect your child given that your ex-husband is not emotionally or financially stable?

Weigh it all out and then make a decision that is right by you and for you and for your child.

All the best!

..Read more

Anu

Anu Krishna  |891 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 25, 2024

Asked by Anonymous - Apr 24, 2024Hindi
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Relationship
I am single mother of 12 year old boy and got divorced last year after 7 years of living seperate from my ex husband, I got married in 2010 through matrimonial site and had very toxic and abusive relationship, so I came to my maternal home in 2016 completely. There were many occasions when he approached me and promised to behave properly but failed to do so . He only filed for divorce by making false accusations of being characterless. I gave him divorce and in return I got very less alimony or the amount which was given in cash to them in my marriage. Now I came to know that he remarried and living his life . He is still in contact with my son and sometimes he blame me and my parents for this divorce. My first question is that is he trying to manipulate my son ( he is not bearing any education expenses of my son) And when I ask my son if I can also move on in my life, he refuses and says I don't want to share you with anyone. So I am very confused.
Ans: Dear Anonymous,
Your first question is something that you have already answered yourself. Since you said that you got very less in alimony, obviously it suggests that the terms of separation of assets and monetary compensation and support for you and the child was not drawn up by your lawyer. (if you had a lawyer or was it a mutual consent divorce?) I am unaware if things can be changed through legal means demanding more compensation now; you can check with a legal expert.
But I don't understand the manipulation part. What does he do to manipulate your son?

Secondly when your son says that he does not want to share you with anyone, he is just confused and scared. He has lost his father in this divorce and does not want to lose you as well. At 12, they go through a lot of hormonal changes and it can be a confusing time. Also it is possible that he has not yet processed this separation. Sit him down and explain what has just happened. He needs to first feel safe before he is in a place of accepting another person as a part of your life and his. Address all his concerns gently and provide him with all the reassurance that he seeks to feel stable and safe. On your part, are you looking for a partner only because your ex-husband has moved on? Something to ponder over...

All the best!

..Read more

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Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 18, 2024Hindi
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I am 55 years old, having NPS Corpus of 1.06 crore, PPF Rs. 12lakhs, MF Rs. 23lakhs, Equity 11.6 lakhs, FD 4 lakhs. I will retire (under New Pension Scheme) at the age of 62 years. How to plan my retirement ?
Ans: Congratulations on building a substantial retirement corpus. Your diversified investments show prudent financial planning.

Assessing Your Current Financial Situation
NPS Corpus
Your NPS corpus of ?1.06 crore is a significant asset. It will provide regular income after retirement.

PPF, Mutual Funds, Equity, and FD
You have diversified investments in PPF (?12 lakhs), mutual funds (?23 lakhs), equity (?11.6 lakhs), and fixed deposits (?4 lakhs). This is a balanced mix of assets.

Defining Retirement Goals and Timeline
Retirement Age and Lifestyle
You plan to retire at 62 years. Define your desired lifestyle and estimate monthly expenses post-retirement.

Corpus Utilization
Determine how much of your corpus will be used for regular income and how much will remain invested for growth.

Creating a Retirement Corpus Strategy
NPS Strategy
Regular Income from NPS
At retirement, you can use a portion of the NPS corpus to purchase an annuity for regular income. The remaining can be withdrawn lump sum.

Optimal Annuity Plan
Choose an annuity plan that offers a steady income and matches your financial needs. Consider inflation-adjusted options.

PPF Utilization
Safety and Growth
PPF provides safe returns and tax benefits. Upon maturity, you can reinvest the amount in safe, income-generating instruments.

Mutual Funds
Equity and Debt Allocation
Your mutual funds should have a balanced mix of equity and debt to ensure growth and stability. Adjust the allocation based on risk tolerance.

Systematic Withdrawal Plan (SWP)
Use SWPs for regular income from your mutual fund investments. This provides a steady cash flow while keeping the principal invested.

Equity Investments
Long-Term Growth
Continue holding your equity investments for long-term growth. Rebalance your portfolio as you approach retirement.

Fixed Deposits
Stability and Liquidity
FDs offer guaranteed returns and liquidity. Use them for immediate expenses and as a safety net.

Estimating Retirement Corpus Needs
Monthly Expenses
Calculate your expected monthly expenses post-retirement. Consider inflation and potential medical costs.

Inflation Adjustment
Ensure your retirement corpus can withstand inflation. A 6-7% inflation rate can erode purchasing power over time.

Diversifying Your Investment Portfolio
Balanced Portfolio
Maintain a diversified portfolio to balance risk and return. Include a mix of equity, debt, and fixed-income instruments.

Equity Funds
Invest in equity funds for growth. Adjust the risk based on your comfort level and investment horizon.

Debt Funds
Invest in debt funds for stability and regular income. Choose funds with a good track record.

Regular Monitoring and Rebalancing
Portfolio Review
Regularly review your investment portfolio to ensure it aligns with your retirement goals. Adjust allocations as needed.

Rebalancing Strategy
Rebalance your portfolio to maintain the desired asset allocation. This helps manage risk and optimize returns.

Emergency Fund
Importance of Liquidity
Maintain an emergency fund equivalent to 6-12 months of expenses. This provides liquidity and financial stability during unforeseen events.

Tax Planning
Efficient Tax Strategies
Consider the tax implications of your investments. Utilize tax-saving options like PPF and ELSS (Equity-Linked Savings Scheme) to maximize tax benefits.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to tailor an investment strategy based on your specific needs. Professional advice can help optimize your portfolio for early retirement.

Conclusion
Early retirement is achievable with disciplined planning and investing. Balance your investments across equity funds, debt funds, PPF, and balanced advantage funds. Regularly review and adjust your portfolio to stay aligned with your financial goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 18, 2024Hindi
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I am 39 year old, I want plan early retirement. How do I do my investments? I know I m very late stilll please suggest.
Ans: It's commendable that you are focusing on your financial future and aiming for early retirement. Taking action now is a wise decision.

Assessing Your Financial Goals and Timeline
Early Retirement Goals
Define what early retirement means for you. Consider the age at which you want to retire and the lifestyle you wish to maintain.

Timeline
At 39, you have a good number of years to plan and invest. Early retirement could be achievable with disciplined planning and investing.

Investment Strategy for Early Retirement
Mutual Funds
Equity Mutual Funds
Equity mutual funds are ideal for long-term growth. They can offer high returns, which are essential for building a substantial retirement corpus.

SIP (Systematic Investment Plan)
Investing through SIPs allows you to invest a fixed amount regularly. This helps in rupee cost averaging and building wealth over time.

Diversified Portfolio
Large-Cap Funds
Large-cap funds invest in well-established companies. They provide stability and moderate returns, forming a solid foundation for your portfolio.

Mid-Cap and Small-Cap Funds
Mid-cap and small-cap funds have higher growth potential but come with increased risk. Include them for higher returns but balance them with safer investments.

Balanced Advantage Funds
Balanced advantage funds adjust the allocation between equity and debt based on market conditions. They help manage risk while aiming for growth.

Fixed Income Investments
Public Provident Fund (PPF)
Long-Term Safety
PPF offers safety and decent returns. It has a lock-in period of 15 years, making it suitable for long-term goals like retirement.

Tax Benefits
Investments in PPF are eligible for tax deductions under Section 80C. The interest earned is also tax-free.

Debt Mutual Funds
Stability and Income
Debt mutual funds invest in fixed income securities. They provide stability and regular income, balancing the risk of your equity investments.

Types of Debt Funds
Consider different types of debt funds like liquid funds, short-term funds, and corporate bond funds for diversification.

Creating a Diversified Portfolio
Asset Allocation
A balanced mix of equity and debt investments can help manage risk and optimize returns. Consider allocating a higher percentage to equities for growth, and a smaller percentage to debt for stability.

Sample Allocation
Equity Mutual Funds (60%): For high growth potential
Debt Mutual Funds (20%): For stability and regular income
PPF (10%): For safety and tax benefits
Balanced Advantage Funds (10%): For dynamic asset allocation
Regular Monitoring and Rebalancing
Portfolio Review
Review your portfolio regularly to ensure it aligns with your financial goals and risk tolerance. Rebalance your investments as needed to maintain the desired asset allocation.

Retirement Corpus Calculation
Estimating Retirement Needs
Calculate the amount needed for your retirement based on your expected expenses, lifestyle, and inflation. Use retirement calculators to get an estimate.

Growth Projections
Assume a reasonable rate of return for your investments. A mix of equity and debt can help achieve a balanced growth rate.

Emergency Fund
Importance of Liquidity
Maintain an emergency fund equivalent to 6-12 months of expenses. This provides liquidity and financial stability during unforeseen events.

Tax Planning
Efficient Tax Strategies
Consider the tax implications of your investments. Utilize tax-saving options like PPF and ELSS (Equity-Linked Savings Scheme) to maximize tax benefits.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to tailor an investment strategy based on your specific needs. Professional advice can help optimize your portfolio for early retirement.

Conclusion
Early retirement is achievable with disciplined planning and investing. Balance your investments across equity funds, debt funds, PPF, and balanced advantage funds. Regularly review and adjust your portfolio to stay aligned with your financial goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

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Hi , I am working professional and income is 1 lakh per month . I have a son 10 years and wanted to plan for his education expenses in future.please help me which scheme is good for boy.
Ans: It's commendable that you are thinking ahead and planning for your son's education. Your dedication to his future is truly admirable.

Assessing Your Financial Goals and Timeline
Education Goals
You want to ensure your son has the best possible education. This may include school, college, and possibly postgraduate studies.

Timeline
Your son is 10 years old, so you have around 8 years until he starts college. This gives you a good timeframe to plan and invest.

Investment Options for Education Planning
Mutual Funds
Equity Mutual Funds
Equity mutual funds can provide high returns over the long term. Consider investing in diversified equity funds for growth.

SIP (Systematic Investment Plan)
Investing in mutual funds through SIPs allows you to invest a fixed amount regularly. This helps in rupee cost averaging and building a substantial corpus over time.

Child-Specific Mutual Funds
Balanced Allocation
Child-specific mutual funds typically have a balanced allocation between equity and debt. This helps in managing risk while aiming for growth.

Lock-in Period
These funds often come with a lock-in period that aligns with the child’s age and education needs. This ensures the money is used for its intended purpose.

Government Schemes
Sukanya Samriddhi Yojana (SSY)
Although SSY is specifically for girl children, it’s worth mentioning for parents with daughters. It offers a high interest rate and tax benefits.

Public Provident Fund (PPF)
Long-Term Growth
PPF is a safe investment with decent returns. It has a lock-in period of 15 years, making it suitable for long-term goals like education.

Tax Benefits
Investments in PPF are eligible for tax deductions under Section 80C. The interest earned is also tax-free.

Fixed Deposits and Bonds
Fixed Deposits (FDs)
Safety
FDs are safe investments with guaranteed returns. They are suitable for risk-averse investors.

Laddering Strategy
You can use a laddering strategy to spread your investments across different maturities. This ensures liquidity and stable returns.

Tax-Free Bonds
Regular Income
Tax-free bonds offer regular interest income. The interest earned is exempt from taxes, making it a good option for high-income individuals.

Education Savings Plans
Unit Linked Insurance Plan (ULIP)
Insurance and Investment
ULIPs offer a combination of insurance and investment. A part of the premium goes towards life cover, and the rest is invested in equity or debt funds.

Long-Term Benefits
ULIPs are suitable for long-term goals due to their lock-in period and potential for market-linked returns.

Creating a Diversified Portfolio
Asset Allocation
Allocate your investments across different asset classes to balance risk and return. Consider a mix of equity mutual funds, child-specific funds, PPF, FDs, and tax-free bonds.

Sample Allocation
Equity Mutual Funds (40%): For high growth potential
Child-Specific Mutual Funds (20%): For balanced growth and risk management
PPF (20%): For safety and tax benefits
Fixed Deposits and Bonds (20%): For guaranteed returns and safety
Regular Monitoring and Rebalancing
Portfolio Review
Review your portfolio regularly to ensure it aligns with your financial goals and risk tolerance. Rebalance your investments as needed to maintain the desired asset allocation.

Tax Planning
Efficient Tax Strategies
Consider the tax implications of your investments. Utilize tax-saving options like PPF. Plan your investments to maximize tax benefits and minimize tax liability.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to tailor an investment strategy based on your specific needs. Professional advice can help optimize your portfolio for education planning.

Conclusion
Planning for your son's education requires a diversified and strategic approach. Balance your investments across equity funds, child-specific funds, PPF, FDs, and tax-free bonds. Regularly review and adjust your portfolio to stay aligned with your financial goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

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I am retired now, I have 2 cores wt can I do monthly income. No burdens.own home. My age 53.
Ans: Creating a Monthly Income from a 2 Crore Retirement Corpus

Congratulations on your retirement and your substantial savings of 2 crores. Your prudent financial management and owning a debt-free home are commendable achievements.

Assessing Your Financial Goals and Risk Tolerance
Financial Goals
Your main goal is to generate a steady monthly income from your savings. Additionally, you might want to consider preserving and growing your capital.

Risk Tolerance
As a retiree, it's crucial to balance generating income with preserving your capital. Your risk tolerance might be moderate, focusing on stability with some growth.

Investment Options for Monthly Income
Mutual Funds
Debt Funds
Debt funds provide regular income with lower risk. They invest in fixed-income securities like government and corporate bonds. Consider investing in a mix of short-term and long-term debt funds for stability and regular returns.

Balanced or Hybrid Funds
These funds invest in both equity and debt. They offer a balance of growth and income. A conservative hybrid fund can provide regular income while maintaining some growth potential.

Systematic Withdrawal Plan (SWP)
Mutual Fund SWP
An SWP allows you to withdraw a fixed amount regularly from your mutual fund investments. This provides a steady income stream while keeping your capital invested and growing.

Fixed Income Options
Senior Citizen Savings Scheme (SCSS)
SCSS is a government-backed scheme offering regular interest payments. It's a safe option with a relatively high interest rate, specifically designed for senior citizens.

Post Office Monthly Income Scheme (POMIS)
POMIS is another government-backed scheme offering regular monthly income. It is a safe and reliable option with guaranteed returns.

Fixed Deposits (FDs)
Bank Fixed Deposits
Bank FDs offer guaranteed returns with varying tenures. Senior citizens often get higher interest rates. Split your corpus across different tenures to manage liquidity and returns.

Dividend-Paying Stocks
Blue-Chip Stocks
Investing in blue-chip stocks with a history of paying regular dividends can provide a steady income stream. Ensure you diversify across sectors to manage risk.

Real Estate Investment Trusts (REITs)
REITs for Regular Income
REITs invest in income-generating real estate. They pay regular dividends from rental income. REITs offer real estate exposure without the risks of owning physical property.

Creating a Diversified Portfolio
Asset Allocation
Allocate your 2 crores across different asset classes to balance risk and return. Consider a mix of debt funds, hybrid funds, SCSS, POMIS, FDs, and dividend-paying stocks.

Sample Allocation
Debt Funds and FDs (40%): For stability and regular interest income
Hybrid Funds (30%): For balanced growth and income
SCSS and POMIS (20%): For guaranteed returns and safety
Dividend-Paying Stocks and REITs (10%): For additional income and growth potential
Regular Monitoring and Rebalancing
Portfolio Review
Review your portfolio regularly to ensure it aligns with your income needs and risk tolerance. Rebalance your investments to maintain the desired asset allocation.

Tax Planning
Efficient Tax Strategies
Consider the tax implications of your investments. Utilize tax-saving options like SCSS and POMIS. Plan your withdrawals to minimize tax liability.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to tailor an investment strategy based on your specific needs. Professional advice can help optimize your portfolio for income and growth.

Conclusion
With a well-diversified portfolio, you can generate a steady monthly income while preserving and growing your capital. Balance your investments across debt funds, hybrid funds, government schemes, FDs, dividend-paying stocks, and REITs. Regularly review and adjust your portfolio to stay aligned with your financial goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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Money
I am 47 yrs. The present valuation of my MF investment is 53 lakhs and I put in 50k monthly in SIPs. What will be the corpus at my retirement? Apart from this I have a loan free house in Gurgaon. I live in my owned house for which I am paying an EMI of 93k and an outstanding loan of 89lakhs pending against it. I have two term insurance of 99lkhs and 1.5cr. My PPF corpus is 20lakhs and will be maturing in2026. EPF corpus is 3 lakhs with 7000 monthly contribution. I have a son who's will be graduating from school next year.Is my investment plan on track?
Ans: Evaluating Your Investment Plan and Retirement Corpus

You have done a commendable job in planning your finances. Your disciplined approach to SIP investments and maintaining term insurance shows financial prudence.

Current Financial Situation
Mutual Fund Investments
Present Value: Rs. 53 lakhs
SIP: Rs. 50,000 monthly
Real Estate
Loan-free house in Gurgaon
Own house with an EMI of Rs. 93,000
Outstanding loan: Rs. 89 lakhs
Insurance and Provident Funds
Term Insurance: Rs. 99 lakhs and Rs. 1.5 crores
PPF Corpus: Rs. 20 lakhs (maturing in 2026)
EPF Corpus: Rs. 3 lakhs with a monthly contribution of Rs. 7,000
Future Financial Goals
Son’s Education
Your son will be graduating from school next year. Planning for higher education expenses is crucial.

Retirement Planning
You are 47 years old and need to estimate the retirement corpus based on your current investments and contributions.

Estimating Retirement Corpus
Mutual Fund Corpus at Retirement
Assuming an average annual return of 12% on your mutual fund investments:

Current Value: Rs. 53 lakhs
Monthly SIP: Rs. 50,000
Investment Period: 13 years (till age 60)
Using the compound interest formula and considering SIP contributions, the estimated corpus at retirement can be calculated.

PPF Maturity
Your PPF corpus of Rs. 20 lakhs will mature in 2026. Assuming no further contributions, it will be available for reinvestment or expenses.

EPF Corpus
Your EPF contributions and corpus will continue to grow. Assuming an average annual return of 8%, it will add to your retirement corpus.

Managing Existing Loans
Home Loan EMI
You have an outstanding loan of Rs. 89 lakhs with an EMI of Rs. 93,000. Reducing this liability should be a priority to enhance your cash flow.

Prepayment Strategy
Consider prepaying your home loan with any surplus funds or bonuses. This will reduce the interest burden and EMI amount.

Insurance Adequacy
Term Insurance
You have adequate term insurance coverage. Ensure the coverage amount remains sufficient to meet your family’s needs in your absence.

Health Insurance
Review your health insurance coverage. Ensure it is adequate to cover medical emergencies and rising healthcare costs.

Investment Strategy Review
Diversification
Ensure your investments are diversified across different asset classes to manage risk effectively.

Mutual Fund Portfolio
Review your mutual fund portfolio periodically. Consult a Certified Financial Planner to ensure your funds align with your risk profile and financial goals.

Planning for Son’s Education
Education Fund
Start a dedicated education fund for your son. Consider investing in balanced or hybrid funds to manage risk while aiming for growth.

SIP for Education
Continue SIPs specifically earmarked for your son’s higher education. This will help in accumulating the required corpus systematically.

Tax Planning
Efficient Tax Strategies
Utilize tax-saving investment options to maximize returns. Proper tax planning can significantly enhance your overall portfolio performance.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner for personalized advice. They can help you navigate complex financial decisions and achieve your long-term goals.

Conclusion
Your investment plan is on the right track. Continue with disciplined investing, manage your loans, and consult a professional for tailored advice. With strategic planning, you can achieve a comfortable retirement and secure your family’s future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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I recently inherited 30 crores. I want to know the best and safest places to invest that in the next 30 years the value can increase the value 10 fold. Assuming inflation stands at 6 to 7 percent. What is the way to diversify and get atleast a return of 12 to 15 percent ?. FYI i was looking at government bonds there is no doubt they are safe especially the tax free ones but they don't really beat inflation
Ans: Congratulations on your inheritance of 30 crores. It's wise of you to seek ways to invest it prudently for long-term growth. Your understanding of the impact of inflation on investment returns shows a commendable grasp of financial principles.

Assessing Investment Goals and Risk Tolerance
Long-Term Growth
You aim to grow your inheritance tenfold in 30 years. This requires an annual return of 12-15%, which is ambitious but achievable with a strategic approach.

Risk Tolerance
Balancing risk and return is crucial. You need to diversify your investments to achieve high returns while managing risk effectively.

Investment Options and Strategies
Equity Investments
Actively Managed Equity Funds
Actively managed funds can outperform the market with skilled management. Consider large-cap, mid-cap, and small-cap funds for diversified exposure.

Sectoral and Thematic Funds
These funds focus on specific sectors like technology, healthcare, or renewable energy. They offer high growth potential but come with higher risk.

Mutual Funds
Diversified Equity Funds
These funds invest in a mix of large-cap, mid-cap, and small-cap stocks. They balance risk and return effectively.

Balanced or Hybrid Funds
These funds invest in a mix of equity and debt. They provide growth with reduced volatility.

Direct Equity Investments
Investing directly in stocks can yield high returns. However, it requires thorough research and regular monitoring.

Fixed Income Investments
Government Bonds
Tax-free bonds are safe but typically offer lower returns. They can be part of your portfolio for stability and regular income.

Corporate Bonds
High-rated corporate bonds offer better returns than government bonds. Ensure the companies have a good credit rating to manage risk.

Alternative Investments
Gold
Gold acts as a hedge against inflation and currency risk. It can be part of your diversified portfolio but should not be the main focus.

Mutual Fund SIPs
Systematic Investment Plans (SIPs) in mutual funds can provide disciplined and regular investments. They benefit from rupee cost averaging and compound over time.

Real Estate Investment Trusts (REITs)
REITs provide exposure to real estate without the risks and hassles of owning physical property. They offer rental income and capital appreciation.

Diversifying Your Portfolio
Asset Allocation
Allocate your investments across equity, debt, and alternative assets. This helps in managing risk while aiming for high returns.

Sample Allocation
Equity (60%): Actively managed funds, direct stocks
Debt (30%): Government and corporate bonds, fixed deposits
Alternatives (10%): Gold, REITs
Regular Review and Rebalancing
Review your portfolio regularly to ensure it aligns with your goals. Rebalance to maintain the desired asset allocation.

Professional Guidance
Certified Financial Planner (CFP)
Engage a Certified Financial Planner to tailor an investment strategy based on your risk profile and financial goals.

Tax Planning
Efficient Tax Strategies
Utilize tax-saving investment options. Tax planning can significantly enhance your returns over time.

Avoiding Common Pitfalls
Emotional Decisions
Avoid making investment decisions based on market emotions. Stick to your long-term plan.

Over-diversification
While diversification is key, over-diversification can dilute returns. Maintain a balanced portfolio.

Conclusion
Achieving a tenfold increase in your inheritance over 30 years requires a strategic and diversified approach. Balance risk and return through a mix of equity, debt, and alternative investments. Regularly review your portfolio and seek professional advice for optimal results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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I am 28 years old ,and i have an outstanding personal loan of 13.5 lacs, iam earning 10.3 lacs a year, I have invested in various mfs and my current value of assets are around 18.5 lacs, iam getting good returns on my investments (average rate of 15%), my question is should I close my loan or continue paying emi of 30k per month? .I have been advised to let my investments grow and keep paying the emis, i might get married within 2 years and was thinking of becoming loan free before getting married.
Ans: It’s great to see that you have managed your investments well and are earning a good return. Your discipline in maintaining a diversified portfolio and consistently paying off your loan is commendable.

Assessing Your Financial Situation
Current Income and Loan Status
You earn Rs. 10.3 lakhs annually and have an outstanding personal loan of Rs. 13.5 lakhs. Your EMI is Rs. 30,000 per month. Your current investments total Rs. 18.5 lakhs with an average return of 15%.

Upcoming Life Events
You are considering getting married within the next two years. Being debt-free before marriage can provide financial stability and peace of mind.

Analyzing Loan Repayment vs. Investment Growth
Investment Returns vs. Loan Interest Rate
Your investments are yielding an average return of 15%. Compare this with the interest rate on your personal loan. If your loan interest rate is lower than your investment returns, it might be beneficial to let your investments grow.

Opportunity Cost
Continuing to invest instead of paying off the loan means your money can potentially grow more. Calculate the opportunity cost of prepaying the loan versus continuing with your investments.

Pros and Cons of Paying Off the Loan
Benefits of Closing the Loan
Debt-Free Status: Being loan-free before marriage provides financial security.
Reduced Monthly Outflow: Eliminating the Rs. 30,000 EMI can free up funds for other uses.
Drawbacks of Closing the Loan
Reduced Investment Growth: Using your investments to pay off the loan may limit your potential investment growth.
Opportunity Cost: You might miss out on higher returns from your current investments.
Pros and Cons of Continuing Loan Repayments
Benefits of Continuing EMIs
Investment Growth: Your investments continue to grow at a higher rate.
Financial Flexibility: Maintaining liquidity can help with future expenses or emergencies.
Drawbacks of Continuing EMIs
Interest Payment: Continued EMIs mean ongoing interest payments, increasing the total cost of the loan.
Financial Burden: The EMI of Rs. 30,000 per month is a significant outflow.
Making an Informed Decision
Evaluate the Interest Rate
Compare your loan’s interest rate with the returns on your investments. If your investment returns significantly exceed the loan interest rate, it might be better to continue investing.

Consider Your Financial Goals
If becoming debt-free before marriage is a priority, paying off the loan might provide peace of mind. Consider the emotional and financial benefits of being debt-free.

Impact on Liquidity
Ensure that paying off the loan doesn’t compromise your liquidity. Maintain an emergency fund to cover unexpected expenses.

Professional Guidance
Certified Financial Planner (CFP)
Consult a Certified Financial Planner to get personalized advice. They can help you weigh the pros and cons based on your specific financial situation.

Conclusion
Balancing your loan repayment with your investment growth requires careful consideration. Compare the interest rates, evaluate your financial goals, and consult a professional if needed. Making an informed decision will help you achieve financial stability and peace of mind.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

Asked by Anonymous - May 23, 2024Hindi
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I am 20 yrs old and I started investing 10k each month in three funds totally. 1. Quant small cap 2. Parag Parikh flexi cap 3. Canara bluechip fund I would like to know if I am going in a right track with these funds and also how can I create 50 crores when I am 50 yrs old?
Ans: It's impressive to see you investing at the age of 20. Starting early is a key advantage in building wealth over time.

Assessing Your Fund Choices
Diversification
You are investing Rs. 10,000 each month in three funds: a small-cap fund, a flexi-cap fund, and a bluechip fund. This shows good diversification across different market segments.

Quant Small Cap Fund
Small-cap funds can offer high returns but come with higher risk. Investing in small caps at a young age can be beneficial due to your long investment horizon.

Parag Parikh Flexi Cap Fund
Flexi-cap funds provide a balanced approach by investing in companies of various sizes. This flexibility helps in adjusting to market conditions.

Canara Bluechip Fund
Bluechip funds invest in large, established companies. These funds are generally more stable and less volatile, providing a solid foundation to your portfolio.

Creating a Rs. 50 Crore Corpus by Age 50
Setting Realistic Expectations
Creating a corpus of Rs. 50 crores in 30 years is an ambitious goal. It requires a disciplined approach and strategic planning.

Power of Compounding
Starting early allows your investments to benefit from compounding. This means your returns generate more returns over time.

Regular Investments
Continue investing regularly through SIPs (Systematic Investment Plans). This helps in rupee cost averaging and reduces the impact of market volatility.

Increasing Your Investment Amount
Gradual Increase
As your income grows, consider increasing your monthly investment amount. Even small increases can significantly impact your final corpus due to compounding.

Bonus and Windfalls
Invest any bonuses or windfalls you receive. These additional amounts can accelerate your wealth-building process.

Asset Allocation and Risk Management
Periodic Review
Regularly review your portfolio to ensure it aligns with your goals. Rebalance if necessary to maintain your desired asset allocation.

Risk Tolerance
Adjust your portfolio based on your changing risk tolerance over time. As you age, you might want to reduce exposure to high-risk investments.

Professional Guidance
Certified Financial Planner (CFP)
Consider consulting a Certified Financial Planner. They can provide personalized advice and help you stay on track to achieve your financial goals.

Tax Planning
Efficient Tax Strategies
Utilize tax-saving investment options to maximize your returns. Tax-efficient investing can significantly enhance your overall portfolio performance.

Avoiding Common Pitfalls
Emotional Decisions
Avoid making investment decisions based on market emotions. Stick to your investment plan and stay disciplined.

Over-diversification
While diversification is important, over-diversification can dilute your returns. Balance is key.

Conclusion
You are on the right track with your current investments. Continue to invest regularly, review your portfolio periodically, and seek professional advice. With discipline and strategic planning, achieving a Rs. 50 crore corpus by age 50 is possible.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

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I want to take a car loan of 9 lacs from Union Bank of India for 5 years. My cibil is 800 and Union bank is offering 8.70% rate of interest. After everything processed they released sanction letter, it is observed they have given 9% rate of interest and plan for 7 years. And now they want to settle it by paying extra 0.30% rate of interest on my loan account to fix this. And they will reduce years by 5 years using ECS(I don't know exact term). Should I go with their solution? Will it be wise decision?
Ans: Evaluating the Car Loan Offer from Union Bank of India
Understanding the Situation
You are considering a car loan of Rs. 9 lakhs from Union Bank of India for 5 years. With a CIBIL score of 800, you were initially offered a rate of interest of 8.70%. However, the sanction letter shows a rate of 9% and a tenure of 7 years. The bank proposes to fix this by reducing the tenure to 5 years and compensating with an extra 0.30% interest. Let’s evaluate whether accepting this offer is wise.

Genuine Compliments and Understanding
You have a commendable CIBIL score of 800, reflecting responsible credit management. This score should ideally provide you leverage in negotiating better loan terms.

Assessing the Interest Rate
Initial Offer vs. Sanctioned Rate
The initial offer was an 8.70% interest rate for a 5-year term. The sanctioned letter reflects a 9% rate over 7 years. This discrepancy is concerning and warrants a closer examination.

Proposed Solution: Additional 0.30% Interest
The bank proposes to adjust the term to 5 years and apply an extra 0.30% interest rate. This brings the total interest rate to 9.30%. This needs careful consideration.

Evaluating the Loan Tenure
Shorter Tenure Benefits
A 5-year tenure is preferable as it reduces the total interest outgo. Paying off the loan faster can save you a significant amount in interest.

Impact of a 7-Year Tenure
A 7-year tenure, though reducing the EMI burden, increases the total interest paid over the loan period. This is not ideal for long-term financial health.

Impact of Extra 0.30% Interest
Cost Implications
The proposed additional 0.30% interest rate increases the total cost of the loan. This needs to be evaluated against potential alternatives.

Negotiation Leverage
With your strong CIBIL score, you have leverage. Consider negotiating for the originally promised 8.70% interest rate without any additional percentage.

Practical Steps Forward
Communication with the Bank
Communicate clearly with the bank. Highlight the initial offer and your CIBIL score. Request adherence to the original terms.

Alternative Lenders
Explore other banks or financial institutions. They may offer better terms given your strong credit profile.

Importance of Clarity and Documentation
Document Review
Thoroughly review all loan documents before signing. Ensure that the terms reflect what was agreed upon.

Seek Professional Advice
Consider consulting a Certified Financial Planner. They can provide personalized guidance based on your financial situation.

Managing Loan Repayment
Efficient EMI Payments
Ensure your EMI payments are manageable within your monthly budget. Avoid any strain on your finances.

Prepayment Options
Check for prepayment options without penalties. This can help in reducing the overall interest burden.

Balancing Immediate Needs and Long-term Goals
Immediate Financial Stability
Ensure that the loan repayment does not compromise your immediate financial needs. Maintain an emergency fund.

Long-term Financial Goals
Keep your long-term financial goals in sight. Ensure that taking this loan does not derail other important financial plans.

Conclusion
Given the discrepancy between the initial offer and the sanctioned terms, it is wise to reconsider the proposed solution. Communicate with the bank to seek better terms or explore alternative lenders. Ensure that any loan taken aligns with both your immediate financial stability and long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2914 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 23, 2024

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I have 2 crores to invest where to invest so that I can withdraw lumpsum of 1.5 lac every month from after 5 years of investment
Ans: Strategic Investment Planning for Monthly Income
Understanding Your Financial Goal
You have a significant corpus of 2 crores and aim to withdraw 1.5 lakhs per month after 5 years. Let's analyze your investment options to achieve this goal.


Your disciplined approach towards financial planning and investment is commendable. Your goal clarity is essential for effective investment decisions.

Assessing Investment Options
Equity Investments
Equities offer growth potential but involve market volatility. While suitable for long-term wealth creation, they may not be ideal for regular income needs.

Debt Investments
Debt instruments like bonds, fixed deposits, and debt mutual funds provide stability and regular income. However, their returns may not keep pace with inflation.

Hybrid Investments
Hybrid funds combine equity and debt components, balancing growth and stability. They can generate consistent returns while managing risk effectively.

Constructing a Portfolio
Diversification
Diversify your investment portfolio across asset classes to mitigate risk. Allocate a portion to equity for growth and the remainder to debt for stability.

Asset Allocation
Maintain an appropriate asset allocation based on your risk tolerance and investment horizon. Regularly rebalance your portfolio to ensure alignment with your goals.

Investment Strategy
Systematic Withdrawal Plan (SWP)
Consider setting up a Systematic Withdrawal Plan (SWP) to withdraw 1.5 lakhs per month from your investment corpus. SWP provides regular income while preserving capital.

Withdrawal Rate
Ensure that your withdrawal rate is sustainable over the long term. Aim for a conservative withdrawal rate to safeguard against market fluctuations and inflation.

Regular Review and Monitoring
Periodic Review
Regularly review your investment portfolio to assess performance and make necessary adjustments. Stay informed about market developments and economic trends.

Professional Guidance
Engage a Certified Financial Planner (CFP) for personalized advice and guidance. A CFP can help optimize your investment strategy and navigate market uncertainties.

Managing Risk
Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of expenses. This ensures liquidity and financial stability during unforeseen events.

Insurance Coverage
Ensure adequate insurance coverage for life, health, and assets. Insurance provides financial protection against unforeseen risks and liabilities.

Conclusion
To achieve your goal of withdrawing 1.5 lakhs per month after 5 years, adopt a balanced investment approach. Diversify your portfolio, consider hybrid investments, and implement a systematic withdrawal plan. Regular review and professional guidance are key to successful wealth management.

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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