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Ravi

Ravi Mittal  |543 Answers  |Ask -

Dating, Relationships Expert - Answered on May 06, 2024

Ravi Mittal is an expert on dating and relationships.
He founded QuackQuack, an online dating platform, in 2010 with just two people. Today, it has over 20 million users in India.... more
Asked by Anonymous - Apr 30, 2024Hindi
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Relationship

To start with I am in my early sixties . We have a large WhatsApp group of undergraduate college batchmates where sometimes news about batchmates / their families get posted . A married lady batchmate, located in one of the metro cities reached out to me over phone to offer her condolences / sympathies for loss of a family member that I had suffered . While I didn't personally know the lady , found the gesture empathetic & touching . So when the next physical batch meet took place I sought her out to thank her and we chatted for some time too ! Subsequently , we started being in touch , she mentioned that she found my gesture ( asking her to sit besides me to chat up very affectionate ) both through chat and calls and started sharing about each other , even personal matters . And now it seems that the relationship is moving in to a clear zone of intimacy ! And we talk pretty affectionately and frequently these days and it seems we make a good chatting pair . She is pretty attached to her grown up children and probably with a non intimate, dysfunctional, unsatisfactory marriage dragging on . She says her relationship in her marriage has totally failed right from beginning but she has not been able to do anything about that so far . It seems that the children are with the mother ! I find her balanced, affectionate and would like understand if something akin to a long term relationship /companionship would be possible . So have asked her to share about me, about our mutual feelings to her kids . Have also sounded her that if her husband gets to know about this relationship - it might lead to a family issue including formal break up of her marriage. And I am truly concerned about that . But she is very wishy wishy in her ideas about possible course of action , way forward .And I don't want her to get hurt or disappointed nor I want to be placed in a emotional drag. My questions are 1. Can this relationship go anywhere ? And if yes , what is the minimum expected from her ? 2. Can we be just be chatting friends ? Doesn't seem so as we talk & share as if we are a couple ? 3. What should we both do to avoid any possible emotional trauma to each of us ? (A still active and adorable senior citizen without strings and without a care in the world )

Ans: Dear Anonymous,

I am glad you found a genuine companion. I understand that you both care a great deal about each other and that is rare in today's day and age. Now coming to your questions-

1) It most definitely can. But that depends on the course of action your partner is willing to take. I assume that neither one of you would like to formally tag it as a relationship till she is married to another man, no matter how the marriage is. So, in that case, your partner must have a clear discussion about the same with her husband and you can proceed from there. But going ahead and having a romantic relationship while she is married to someone else would not be ethical and even when she has every right to seek happiness in her life, it would be her who faces all the societal judgment.

2) You can be two friends chatting with each other. Friends do share a lot, even personal matters. Having said that, it did not sound to me that you are in that platonic friend zone anymore. You have grown to like each other a little more and given the circumstances, it is perfectly alright. But to be more than friends, it is important for your partner to first speak to her current husband and consider separating. But at the end of the day, it is her decision. If she doesn't want to formally end it, you would have two options. One, love each other in secret and never have the chance to show off your love to the world. Two, break it off and either try to remain friends or sever ties altogether.

3) Don't have unrealistic expectations. We are all guilty of it time and again. In this case, even though her marriage isn't perfect- you know and she knows it too- it isn't easy to let go of a relationship people spend years to build. Take things slow and let her make her own decisions. If you expect she will leave her marriage for you, you are setting yourself up for disappointment. It might happen, but then again, it might not. Focus on being each other's companion. You can't help how you feel, but that does not mean you have to act on it right now.

One more thing- if you can see yourself getting hurt, I would suggest reconsidering the relationship. Every relationship has in its capacity to cause emotional trauma. That's the thing about romance- it can make or break you.

Best Wishes.
Asked on - May 20, 2024 | Answered on May 20, 2024
Thanks a lot for such a nuanced response to a set of rather complex emotions posed as questions. Now there has been some further developments. First, the interaction has graduated from text chats to frequent voice calls and even video calls. The points of touch have become varied and we are almost in constant touch as in case of two love birds . And the topics have become varied, even often including innuendos involving alluding possible physical intimacy. She has openly started saying that she finds me incredibly attractive even physically! We have been indirectly and lately directly talking about physical meetings and then now she has even set up a rendezvous. She informed me that she had long planned and arranged a travel to a tourist place with a friend long time back and then in passing informed me that she has booked an additional room for me. And requested me to join in. I jumped into the fray and have now booked my tickets. She tells me that her long standing friend on this trip knows about her state of marriage and she is going to tell her that we are in fact lovers !And the stay , for a couple of nights would also include a temple visit together …. Just to reiterate, my friend is no impetuous, love infatuated school girl; she has been the head of a school and has worked in responsible positions. And she also has two grown up children with newly set up families. But she says had it been possible, she would have loved to have a baby with me …. Secondly, I have been mildly persuading the lady to share my profile with her kids- so that they also get to feel that her mother's ex. classmate is also one with accomplishments. Incidentally I have a public profile which could be interesting to the NewGen kids. However, my friend probably doesn’t get the drift or unsure how to share this without having to reveal the intimacy level or doesn’t want to take any step forward now . Thirdly, I also notice that she also remotely keeps track of my activities , whether the maid has come , when I am taking food , whether my health /mood is as in case of a couple . She also sometimes even seems to be getting a little possessive about me , my being in touch with other lady batchmates , mostly in a good humoured manner ! Now in this back drop my questions are these: i) I am a little weary of getting into a physical relationship with a married lady (how so much she may love me ) as it feels unethical , I feel for the partner of the lady and also afraid that both me/ and the lady may also carry a feeling of guilt if we get into a physical relationship in the sly . So what would be the right thing to do on this planned rendezvous to be able to nicely avoid the physical part ? ii)I have been cautioning her to lock her phone lest her family member accidentally read her messages / hear our voice message exchanges. But she seems to have thrown all caution to winds without thinking about consequences. She is in constant touch with me .So how to get over this ? iii)And my hunch is that she would like to continue with the marriage and simultaneously carry on meeting me. to my mind, It doesn’t seem to go any where . So what should I do for letting her know that I expect her to come over in due course in a nice way? iv) I wanted her kids to know me as her mother’s friend , classmate . But she isn’t sharing my profile with them , nor is she interested that we ( her children and me) engage in usual conversation . What is that I need to do to get her think that getting her children to know me could be a good idea? Yours sincerely , Bholanath
Ans: Dear Anonymous,

I am happy you found my advice helpful. Coming to your current query-

1) If you are not comfortable getting physically intimate, clearly communicating that is the best thing. You both are adults; beating around the bush or making other excuses to avoid getting intimate might come off as disinterest. Clearly expressing your concerns is the right way. Tell your partner that you don't think it's ethical to get intimate with someone who is committed to another man; while you love her, you are not comfortable with that. Instead, you want to focus on emotional intimacy.

2) Seems like that is her choice. You can only caution her and you already did that. The only thing to do here is continue doing so. She is an adult and you can't really do anything more than that.

3) I repeat, communication is the only answer. If it bothers you that she won't leave her husband and settle with you, you have to voice your feelings to her. It isn't easy to leave a marriage, no matter how it is. You can let her know that you don't want to be in a dead-end relationship if that's what is bothering you. I am sure she can handle the truth.

4) She is their mother. She knows what's best for her children. I would recommend not interfering with it. But you can directly ask her why she is not willing to introduce you to them. You might get some clarity.

Best Wishes.

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Janak

Janak Patel  |18 Answers  |Ask -

MF, PF Expert - Answered on Mar 06, 2025

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I am currently investing 28000/- in following mf . Kindly suggest me whether i am investing in right MF or not. Suggest if to be switched in to which MF HDFC LARGE AND MID CAP FUND - REGULAR PLAN - GROWTH SIP Amount 5000 HDFC NIPPON INDIA SMALL CAP FUND - GROWTH PLAN - GROWTH OPTION SIP Amount 5000 HDFC LARGE CAP FUND - REGULAR PLAN - GROWTH SIP Amount 3000 HDFC FOCUSED 30 FUND - REGULAR PLAN - GROWTH SIP Amount 3000 NIPPON INDIA POWER AND INFRA FUND- GROWTH PLAN-GROWTH OPTION SIP Amount 3000 HDFC MID-CAP OPPORTUNITIES FUND - GROWTH OPTION SIP Amount 3000 ICICI PRUDENTIAL INFRASTRUCTURE FUND - GROWTH SIP Amount 3000 INVESCO INDIA INFRASTRUCTURE FUND - GROWTH SIP Amount 3000
Ans: Hi Sandeep,

You have mentioned a total of 8 MF schemes for your investment of 28000 per month.
As details regarding your goal and requirement is not available, it is difficult to judge the overall portfolio from that point of view.
The schemes mentioned though are different names but will have a lot of overlap especially when you consider large cap stocks in their portfolio - HDFC Large & Mid / HDFC Large / HFDC Focused 30 and even the 3 Infra funds.

I believe the idea was to diversify your portfolio thru multiple schemes and if so, that is not really achieved.

Assuming you want to invest for over 10 year period, I suggest you keep your portfolio relatively simple with 4-5 schemes - 1 large cap (6000 in HDFC Large is ok), 1 Mid cap (6000 in HDFC Mid-cap or Motilal Oswal Midcap), 1 Small Cap (6000 in Nippon Small cap is ok) and 1 Infra (as you have shown inclination to Infra, 4000 in ICICI Pru Infra is ok) and add 1 Flexicap (6000 in Parag Parikh Flexicap which also has some overseas exposure). This will provide good diversification and less overlap.

This will provide good diversification and asset allocation across market caps.

Thanks & Regards
Janak Patel
Certified Financial Planner.

...Read more

Ramalingam

Ramalingam Kalirajan  |8083 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 06, 2025

Asked by Anonymous - Mar 06, 2025Hindi
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Money
Greetings, I am 46 yrs and have 50 lacs. My monthly expenses is about 50k.Unemployed due to health reasons. I want to invest in mutual fund wherein the capital can grow and also use SWP. Looking at the current markets what would be the best funds to invest in over long time about 10 yrs. Thanks
Ans: You want to grow your capital while using a Systematic Withdrawal Plan (SWP). Since you are unemployed due to health reasons, this plan must balance returns and stability.

A well-structured investment strategy can help sustain your monthly expenses while allowing capital appreciation over 10 years.

Understanding Your Investment Needs
You have Rs 50 lakh as your corpus.

Your monthly expenses are Rs 50,000.

You need a plan that gives regular income and long-term growth.

The portfolio should be stable and not highly volatile.

Why a Systematic Withdrawal Plan (SWP)?
An SWP allows you to withdraw a fixed amount every month.

Unlike fixed deposits, it gives better returns and tax efficiency.

It helps maintain financial discipline while keeping the corpus invested.

Returns from mutual funds can beat inflation over time.

Investment Strategy for 10 Years
Your corpus should be divided into different asset classes.

Equity Mutual Funds: These funds help in long-term capital growth.

Debt Mutual Funds: These provide stability and reduce risk.

Liquid Funds: These act as an emergency buffer.

Portfolio Allocation for Stability and Growth
60% in Equity Mutual Funds for long-term appreciation.

30% in Debt Mutual Funds to provide stability and steady returns.

10% in Liquid Funds to cover immediate expenses.

This allocation balances risk and return. Equity grows wealth, debt protects capital, and liquid funds handle short-term needs.

Choosing the Right Mutual Funds
Equity Mutual Funds (60%)
Select a mix of large-cap, mid-cap, and flexi-cap funds.

Large-cap funds give stability.

Mid-cap and flexi-cap funds provide higher growth potential.

Debt Mutual Funds (30%)
Choose funds with a good balance of safety and returns.

Short-duration and dynamic bond funds work well.

Liquid Funds (10%)
These funds should have high liquidity for emergency needs.

Avoid keeping too much in savings accounts or fixed deposits.

How to Implement the SWP?
Start withdrawing from the debt portion first.

Let equity investments grow without withdrawals for the first 3-5 years.

Gradually shift funds from equity to debt as you approach 10 years.

Keep reviewing the plan every year.

Tax Implications on SWP
Withdrawals from equity funds after one year are taxed at 12.5% if gains exceed Rs 1.25 lakh.

Debt mutual fund withdrawals are taxed as per your income slab.

Spreading withdrawals across years helps reduce tax burden.

Best Practices for a Sustainable Plan
Keep an emergency fund to avoid withdrawing from investments in a market downturn.

Rebalance the portfolio based on market conditions.

Avoid withdrawing too much in the early years to keep the corpus growing.

Review your financial plan every year with a certified financial planner.

Finally
A mix of equity, debt, and liquid funds ensures growth and stability.

SWP gives tax-efficient monthly income.

Avoid withdrawing from equity in the early years.

Regular review and rebalancing are essential.

A certified financial planner can help fine-tune the plan based on market changes.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8083 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 06, 2025

Asked by Anonymous - Mar 06, 2025Hindi
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Money
Hello Sir, Greetings I am 46 yrs young, unemployed due to health reasons. Formerly a business analyst in an MNC. My question is, since I am unemployed i cannot produce regular income/salary slip required for term insurance, what options do I have inorder to take a life insurance? Are ULIP an option or any other opportunities available? Rgds,
Ans: Your concern about getting life insurance without a regular income is valid. Insurance companies assess income to ensure you can pay premiums. However, there are alternative ways to secure life insurance.

Understanding Term Insurance Eligibility Without Regular Income
Term insurance is pure life cover. Insurers check income to prevent over-insurance.

Without a salary slip, other documents can help prove financial stability.

If you have assets, investments, or past earnings, some insurers may consider these.

Alternative Ways to Get Term Insurance
Income Proof from Past Earnings: If you have previous salary slips, tax returns, or bank statements, they can support your application.

Fixed Deposits and Investments: Large holdings in mutual funds or fixed deposits show financial capability. Some insurers may accept these.

Rental or Passive Income: If you earn from rent, dividends, or other sources, these can be used as proof.

Spouse’s Income: Some insurers allow a policy based on your spouse’s income if they are earning.

Lower Coverage: A lower sum assured may have relaxed income proof requirements.

Group Term Insurance: Some banks and organizations offer group term plans without strict income proof.

Are ULIPs an Option?
ULIPs combine insurance with investment. However, they have high charges and lower returns.

Compared to mutual funds, ULIPs offer less flexibility and lower transparency.

If insurance is your goal, term insurance is better. If investment is your goal, mutual funds are better.

ULIPs are not the best option due to their cost structure.

Other Life Insurance Alternatives
Endowment Plans: These offer savings with insurance, but returns are low.

Money-Back Policies: These provide periodic payouts but have high premiums.

Guaranteed Return Plans: These offer fixed returns but are not inflation-proof.

Whole Life Insurance: These cover the entire lifetime but are expensive.

Child Insurance Plans: If you have children, such plans can offer benefits.

Best Strategy for Your Situation
Prioritise Term Insurance: Try proving financial stability through tax returns, investments, or passive income.

Avoid Costly Insurance Plans: Traditional plans like ULIPs, endowments, and money-back policies give low returns.

Use Existing Assets: Show fixed deposits, mutual funds, or other holdings as proof of financial capability.

Explore Group Term Insurance: Some banks and professional groups offer such policies.

Ensure Emergency Fund & Health Insurance: Focus on securing a health cover and emergency corpus before life insurance.

Final Insights
Even without a salary, options exist to secure life insurance.

Term insurance remains the best choice for pure risk cover.

Investment-linked insurance plans like ULIPs are not ideal.

Using past earnings, investments, or spouse’s income can help in getting a term plan.

A certified financial planner can guide you based on your specific financial situation.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8083 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 06, 2025

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Money
I am currently investing 28000/- in following mf . Kindly suggest me whether i am investing in right MF or not. Suggest if to be switched in to which MF HDFC LARGE AND MID CAP FUND - REGULAR PLAN - GROWTH SIP Amount 5000 HDFC NIPPON INDIA SMALL CAP FUND - GROWTH PLAN - GROWTH OPTION SIP Amount 5000 HDFC LARGE CAP FUND - REGULAR PLAN - GROWTH SIP Amount 3000 HDFC FOCUSED 30 FUND - REGULAR PLAN - GROWTH SIP Amount 3000 NIPPON INDIA POWER AND INFRA FUND- GROWTH PLAN-GROWTH OPTION SIP Amount 3000 HDFC MID-CAP OPPORTUNITIES FUND - GROWTH OPTION SIP Amount 3000 ICICI PRUDENTIAL INFRASTRUCTURE FUND - GROWTH SIP Amount 3000 INVESCO INDIA INFRASTRUCTURE FUND - GROWTH SIP Amount 3000
Ans: Your portfolio consists of multiple actively managed funds across different categories. While it has a good mix of large-cap, mid-cap, and small-cap funds, there are areas where adjustments can improve diversification and risk management.

Strengths of Your Portfolio
Your long-term investment horizon of 10 years allows for compounding and wealth creation.

You have exposure to different market caps, which provides a balance of stability and growth.

Actively managed funds can generate higher returns compared to passive funds.

Concerns in Your Portfolio
You are holding too many funds, leading to unnecessary duplication. More funds do not always mean better diversification.

Your portfolio has excessive allocation to sectoral funds, which increases concentration risk. If the sector underperforms, your returns will be affected.

Some funds have overlapping holdings, reducing the overall diversification benefit.

You have multiple funds from the same asset management company, limiting exposure to different investment styles.

Recommended Portfolio Adjustments
Retain a well-performing large & mid-cap fund instead of holding multiple funds in this category.

Maintain exposure to small-cap or mid-cap funds but avoid holding multiple funds with similar strategies.

A single focused fund is sufficient. Too many concentrated portfolios increase risk without adding significant benefits.

Reduce exposure to sector-specific funds. While sectoral funds can deliver high returns, they carry higher volatility and depend heavily on the sector’s performance. A more diversified approach is recommended.

Instead of multiple funds in the same category, consolidate into a few high-quality diversified equity funds that provide stable long-term growth.

Include a flexi-cap fund to enhance diversification and give fund managers the flexibility to invest across market capitalizations.

Final Insights
Your investment approach is well-structured, but simplifying your portfolio will improve returns and make it easier to manage.

Reducing sectoral allocation and consolidating overlapping funds will improve efficiency and stability.

A diversified and well-balanced portfolio with a mix of large-cap, mid-cap, small-cap, and flexi-cap funds will ensure long-term growth with controlled risk.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8083 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 06, 2025

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Money
i am currently investing 28000 per month in MF. kindly check whether i am investing in right fund or should i change th fund . My vision is to invest for another 10 year. HDFC Large and Mid Cap Fund (G) 5,000 Nippon India Small Cap Fund (G) 5,000 HDFC Large Cap Fund - Regular (G) 3,000 HDFC Focused 30 Fund (G) 3,000 Nippon India Power & Infra Fund (G) 3,000 HDFC Mid-Cap Opportunities Fund (G) 3,000 ICICI Pru Infrastructure Fund - (G) 3,000 Invesco India Infrastructure Fund 3,000
Ans: Your portfolio consists of multiple actively managed funds across different categories. Let's evaluate your current investment choices and suggest any improvements based on diversification, overlap, and risk-return potential.

Strengths of Your Portfolio
Long-Term Investment Vision: You plan to invest for another 10 years, which allows compounding to work in your favor.

Actively Managed Funds: Actively managed funds have the potential to outperform the market over the long term.

Exposure to Different Market Caps: Your portfolio includes large-cap, mid-cap, and small-cap funds, offering balanced exposure.

Sector-Specific Allocation: You have exposure to infrastructure and power sectors, which can generate high returns in the long run.

Concerns in Your Portfolio
Overlapping Fund Selection: Many of your funds have a similar investment strategy, leading to duplication of holdings.

Excessive Sectoral Allocation: Your portfolio has three sectoral funds, which increases risk if the sector underperforms.

Too Many Funds: Investing in too many funds does not always improve diversification. It can reduce the impact of outperforming funds.

Multiple Funds from the Same AMC: Having multiple funds from a single asset management company (AMC) may limit diversification.

Diversification Analysis
1. Large-Cap and Large & Mid-Cap Funds
You have allocated funds to both large-cap and large & mid-cap categories.
Large-cap funds provide stability, while large & mid-cap funds offer a balance of growth and safety.
Instead of multiple funds in this category, a single well-performing large & mid-cap fund is sufficient.
2. Mid-Cap and Small-Cap Funds
Mid-cap and small-cap funds can provide high returns, but they are also highly volatile.
Your portfolio has both mid-cap and small-cap funds, which is good for long-term growth.
However, holding too many funds in this category can lead to portfolio overlap.
3. Focused Fund Allocation
Focused funds invest in a limited number of stocks, which can increase risk.
Holding a single focused fund is better than investing in multiple funds with a similar strategy.
4. Sector-Specific Investments
Investing in sectoral funds can generate high returns if the sector performs well.
However, sectoral funds are highly volatile and risky compared to diversified funds.
Your portfolio has too much exposure to infrastructure and power sectors, increasing concentration risk.
Instead of multiple sectoral funds, a well-diversified flexi-cap fund can provide better risk-adjusted returns.
Recommended Portfolio Adjustments
Reduce Fund Overlap: Keep a single large & mid-cap fund instead of multiple large-cap and mid-cap funds.

Reduce Sectoral Exposure: Limit sector-specific investments to a smaller portion of your portfolio.

Consolidate Similar Funds: Instead of multiple mid-cap and small-cap funds, choose one well-performing fund from each category.

Increase Allocation to Diversified Equity Funds: Flexi-cap and multi-cap funds can provide better long-term stability.

Final Insights
Your long-term investment approach is well planned.
However, excessive sectoral allocation and fund duplication can reduce efficiency.
Consolidating similar funds and increasing exposure to diversified funds will improve portfolio performance.
Reducing the number of funds will also make portfolio tracking easier.
Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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