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Kanchan

Kanchan Rai  |656 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 13, 2025

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 - Jun 22, 2025Hindi
Relationship

I started my small project and he asks for my money of which sometimes he does not pay back I am afraid I will have to live like this my whole life

Ans: whom are we talking about ? can you pls tell more about who "HE" is

You may like to see similar questions and answers below

Anu

Anu Krishna  |1769 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 14, 2022

Relationship
Hello Anu,I am under severe confusion and frustration. Wanted to consult with some psychiatrist but then I got to know about you. I have an issue with my father.I'm a 29 years old working man.My family background was not good, my father was the sole bread earner in the family of 9 including my uncle and grandparents.But my father invested in his children.He gave us a good education.He sent me for IIT coaching in Kota. I couldn't clear IIT but cleared AIEEE.Today I'm earning a lot. I'm a software engineer with 7+ years of experience in IT in a big giant firm earning Rs 62 lakhs an annum. But the picture does not look like it is.My father takes all my money.Literally he does that.He has been doing it for last 7 years, every single month.He has taken my all salaries till now, 80+ months' salaries to be precise.And his modus operandi is- he knows my monthly in hand salary after deductions, which is around 3.5 lakhs now.He calls me around 25th of the month saying 'Don't use the salary. I need 4 lakhs this month. He asks me more than my salary, then says ‘okay you don't have this much, so give me as much as you can.’Earlier when my salary was Rs 85,0000, he used to ask for Rs 1 lakh.When salary became Rs 2.2 lakhs he used to ask Rs 2.5 lakhs.I keep approx Rs 15-20,000 for myself and give the remaining to him.Why do I give him all my money?Because I have this feeling that whatever I am today, it's all because of him.He went against all odds to educate us, otherwise I would have been a poor kid somewhere in my village doing farming.The sad part is, he does not use this money for himself.If he would have used it for his needs I would have been the happiest person. He gives loans to his relatives free of cost.People come to my father and request that they need money for some XYZ reason. They say you have a lot of money, your son is earning so much, so please help us. My father says okay.He calls me and says that he has given his word, now he can't step back and I will have to arrange the money. And this money never comes back.Till now nobody has returned a single penny.When I ask my father, he says ‘it's okay, you will earn more. They can take only your money, not your destiny.’I'm not exaggerating but I don't have even a RO filter in my home. I spend Rs 1,500 on water.I'm fed up with all this.I had a discussion with my father regarding this many a times that I can't keep doing this.He says What will you do with the money? Tell me the item you want, we will purchase it for you.So far I have given more than Rs 1 crore. I'm such a fool.I don't want to spoil my relationship with my father but at the same time I also want him to understand that I'm a human not a money-making machine.The problem has started now, because now he is doing the same with my younger brother as well.He recently started his job after college, and earns around Rs 55K.My father takes 50K from him and has deliberately kept him with me so that we can save on rent and he can keep the money.Till now when he was taking my money, I was not so much hurt.But now when my brother is giving money, I can't bear it. He is a small kid who does a lot of hard work and even his money is taken away.I cannot share this with anyone.I keep asking myself if I'm a bad son who thinks like this about his father.But I can see the reality which is very discouraging.I'm not able to digest the fact that this is actually happening.Please suggest what I should do.Should I tell this to someone? But then the other person will think bad about my father which I don't want.I'm lost. Please suggest me something.
Ans:

Dear RS,

If by now you haven’t figured out that you are being used for playing the role of a good son, then when is it going to dawn on you?

It feels unreal even if your father took all that money for himself without realizing that his son needs his hard-earned money to set up his life. But here, it’s going to relatives and everywhere.

And now, it’s the turn of your brother too.

There is really no need to set this example as an older brother to just bend over backwards for your father. Instead, change the role and let your brother do the same.

Take charge of your finances and share what you deem fit with your father that covers his expenses (assuming that he is retired).

This way, you will fulfil the duty of being a good son taking care of his father. Beyond this, save your money and invest it wisely and please spend on yourself.

What will you do when you marry?

You think your wife is going to support this flow transaction of money between you and your father?

And when she tries to reason out with you, either you or your father will blame her for being selfish. In fact, she will only be looking out for your wellbeing.

So, before this gets even more murkier, make a point by sitting your father down and asserting that you are taking charge of your finances and reassuring him that he will always be taken care of.

His need to please his relatives by giving away your money has to stopped.

This might be met with a lot of resistance from your father, but you know what is to be done. Else, this will grow even with your brother and get progressively worse. So, step in NOW.

All the best!

..Read more

Kanchan

Kanchan Rai  |656 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 21, 2024

Asked by Anonymous - Mar 20, 2024Hindi
Listen
Relationship
Hi Sir. I have a typical.problem here. I lend.money to one of.mynfriends for his bzness..I worked as a consultant for him. I made an agreement for the money given to him. Nevertheless he didn't return the money yet..I left him now some months back. Though I asked him to give bac money but he says he has lost lot in his bzness and also says he can't return the money. Sometimes indirectly he says that because of me he has landed in loss. I don't want to go.legally but it has been lot.ot.months that he has returned money. But now I can't wait. What should I do now..pls advise. Thanks
Ans: Navigating financial matters within friendships can be challenging, especially when agreements aren't upheld as expected.

Initiate an open and honest conversation with your friend about the loan. Express your concerns and feelings without blaming or accusing. Use "I" statements to convey how his actions have impacted you personally.
Give your friend an opportunity to explain his side of the story. Listen attentively to understand his perspective and the challenges he's facing with his business. Empathize with his situation while also emphasizing the importance of fulfilling financial commitments.
Instead of dwelling on past grievances, shift the conversation toward finding a solution that works for both of you. Explore options such as renegotiating the repayment terms, setting up a payment plan, or considering alternative forms of compensation if he's unable to repay the full amount immediately.
Validate your friend's feelings and concerns about the situation, but also assert the impact his actions have had on you. Help him understand the importance of honoring agreements and maintaining trust in the relationship.
Clearly communicate your expectations moving forward. If you're unable to reach a resolution or if your friend continues to disregard the agreement, be prepared to set boundaries to protect yourself financially and emotionally. This might involve seeking legal advice or taking further action if necessary.
While it's important to address the financial issue, prioritize preserving the friendship if possible. Reassure your friend that your intention is not to harm the relationship but to find a mutually beneficial solution. Emphasize the value you place on your friendship and your desire to work through this challenge together.
Use this experience as an opportunity for personal and relational growth. Reflect on what you've learned about trust, communication, and financial boundaries in friendships. Apply these lessons to future interactions to prevent similar issues from arising.
Ultimately, finding a resolution to financial disputes within friendships requires patience, empathy, and effective communication. By approaching the situation with understanding and a willingness to collaborate, you can work toward a solution that honors both your financial needs and the integrity of your relationship.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |11056 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 07, 2026

Asked by Anonymous - Mar 07, 2026Hindi
Money
Hi Sir, Im from Bangalore, I work in IT My monthly in hand salary post deductions 1.09L, Ive a kid who is 3 years old and my wife is home maker. I would like to known if my apporach of savings/investements to be changed little bit to maximize savings and accumulate amount for my kid higher education and house purchasing. My monthly expenses and savings as below Rent: 12k House hold exp:15k My savings: SIP Mutual funds: im doing it both on my name as well as my wife name, On My name: monthly 14k( accumulated so far 3.18L) On My wife name: Monthly 6k( Accumualated sonfar 68k) Ive stocks investments of about 2.30lakhs I do RD of 20k Ive cheeti every month 20k( will be completed in 2 months and i get 4 lakhs) Sukanya samridhi yogana: 3.5k( so far accumulated 75k) Ive emergency fund of 3lakhs And everymonth I save 8k in liquid fund for my child school fees i use this accumulated amount for every next year school fees 4k every month savings for LIC Jeevan labh 936 And 6k in gold and 2k in silver I know gold and silver are voltalie considering recent returns im doing SIP of 8k both gold and silver. Ive term insurance for 1cr Health insurance company sponsored 10lakhs. My goal is to buy a house in 2 years atleast to make down payment of 15l and rest to go for loan And my child higher education after 12th to save how do i plan my investements and I wanted to make sure to continue the SIP which im doing now.
Ans: Your financial discipline is very impressive. With a monthly income of Rs 1.09 lakh, you have already built a strong system of savings. Supporting a family with a young child while still investing regularly shows very good financial maturity.

Let us review and fine tune your structure so your goals become easier to achieve.

» Understanding Your Current Financial Structure

Your current monthly pattern roughly shows:

– Household expenses around Rs 27k
– Mutual fund SIP around Rs 20k
– Recurring deposit Rs 20k
– Chit fund Rs 20k (ending soon)
– Gold and silver SIP Rs 8k
– LIC premium Rs 4k
– Sukanya Samriddhi Rs 3.5k
– School fee saving Rs 8k

You are saving a very healthy portion of your income. This is a very strong foundation.

But your money is spread across too many instruments.

Simplifying your structure will improve growth.

» Emergency Fund Review

You already have Rs 3 lakhs emergency fund.

This is a good cushion.

– Maintain this in safe liquid instruments
– Do not use it for investments or house purchase
– This protects your family during job or health uncertainty

This part is already well managed.

» House Down Payment Goal (Next 2 Years)

You want to arrange Rs 15 lakhs in 2 years.

Equity mutual funds are not suitable for such a short goal because market volatility can disturb the amount.

So the correct approach is:

– Use the Rs 4 lakh chit amount when received
– Continue the recurring deposit
– Add part of monthly savings into safe short-term instruments

This will help you accumulate the down payment safely.

Avoid depending on stock market returns for a 2-year goal.

» Child Higher Education Planning

Your child is 3 years old. You still have 14 to 15 years.

This is a very good long-term horizon.

Your mutual fund SIP strategy is correct.

Continue investing in actively managed diversified equity funds.

Benefits of actively managed funds:

– Professional fund managers select strong companies
– Portfolio can adjust during market changes
– Aim to generate higher return than the market

For long goals like education, equity funds are powerful due to compounding.

Continue SIPs in both your name and your wife's name.

Gradually increase SIP whenever your salary increases.

» Review of Gold and Silver Investments

You are currently investing Rs 8k monthly in gold and silver.

Precious metals are useful for diversification but they should not dominate the portfolio.

– Keep allocation around 5% to 10% of total investments
– Do not increase beyond this level

Too much allocation in metals can reduce long-term wealth creation.

Gradually redirect part of this amount to equity funds.

» LIC Policy Review

You mentioned a policy with premium around Rs 4k per month.

Many investment-cum-insurance policies give limited return compared to mutual funds.

If this policy is mainly for investment purpose and not protection:

– Review surrender value
– Consider stopping and redirecting future money to mutual funds

Pure term insurance already protects your family.

Your Rs 1 crore term cover is a good decision.

» Health Insurance Planning

Currently you have company health cover of Rs 10 lakhs.

This is good but it is linked to your job.

So consider an additional personal family health insurance.

This ensures protection even if you change jobs.

Medical inflation in India is rising quickly.

» Managing Too Many Investment Buckets

Right now you have:

– Mutual funds
– Stocks
– RD
– Chit fund
– Gold and silver
– LIC
– Sukanya Samriddhi

Too many small buckets reduce clarity.

A simpler structure is better:

– Equity mutual funds for long-term goals
– Debt instruments for short-term goals
– Small allocation to gold

Simplicity improves tracking and discipline.

» Tax Awareness

When you redeem equity mutual funds for long-term goals:

– Long term capital gains above Rs 1.25 lakh taxed at 12.5%
– Short term gains taxed at 20%

Planning withdrawals properly helps reduce tax burden.

» Finally

You are already doing many things right.

Small improvements can make your financial life even stronger.

Focus on these actions:

– Continue mutual fund SIPs for long-term goals
– Use RD and chit amount for house down payment
– Reduce excess allocation to gold and silver
– Review LIC policy usefulness
– Add personal health insurance cover
– Increase SIP every year with salary growth

With this disciplined structure, you can comfortably achieve your child's education goal and build financial stability for your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Radheshyam

Radheshyam Zanwar  |6832 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 06, 2026

Asked by Anonymous - Mar 06, 2026Hindi
Career
The NEET is 2 months away. I have completed my syllabus but was sick for 1.5 months now. I am getting 348 marks. I feel like I have forgotten everything. How can I score 650+?
Ans: You still have about 8 weeks, which is enough time to make a big jump if you focus on revision + question practice. First, don’t panic about “forgetting everything”; after illness, it’s normal for recall to feel weak, but concepts usually come back quickly with practice. Start by revising Biology daily (2–3 chapters/day) because it gives the fastest score increase. For Physics and Chemistry, revise formulas, key reactions, and then solve topic-wise MCQs the same day to rebuild recall. Take a Full Mock Test every 3–4 days, analyze mistakes carefully, and make a small “error notebook” so you don’t repeat them. Try to solve 120–150 questions daily and spend more time on Biology accuracy, since it’s the easiest way to push your score up quickly. Also, maintain sleep, light exercise, and proper meals so your energy fully returns after being sick. If you stay consistent with revision, mocks, and error analysis for the next two months, jumping from 350 to 600+ is realistic, and 650+ becomes possible with high accuracy.

Practical Advice: You can improve your score from 350 to 650 with thorough study and practice. Saying recall is very easy, but it will only be effective if it was well understood in the past. It is better to choose chapters from PCB where you feel more confident and focus on questions from these chapters in the NEET Exam.
For 650+: You Score like- BIO > 300, PHY > 150, CHE > 200.


Good luck.
Follow me if you receive this reply.
Radheshyam

...Read more

Ramalingam

Ramalingam Kalirajan  |11056 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 06, 2026

Money
How and where to check the change in benchmark index of a mutual fund from the date of investment.
Ans: It is good that you want to track the benchmark change of your mutual fund. Monitoring this helps you understand whether the fund performance comparison is fair and transparent.

» Why Benchmark Change Matters

– Every mutual fund is compared with a benchmark index
– The benchmark helps you judge if the fund manager is doing better than the market
– If the benchmark changes, past performance comparison may look different

So it is important to know when the benchmark was changed.

» Where to Check Benchmark Changes

You can verify benchmark changes through the following places:

– Mutual fund scheme factsheet

Fund houses publish monthly factsheets

It mentions the current benchmark and sometimes the previous benchmark

– Scheme Information Document (SID)

The SID explains the benchmark used by the fund

When the benchmark changes, the document gets updated

– Addendum or notice issued by the fund house

When a benchmark is changed, the fund house releases an official notice

This is usually available on the AMC website under “Notices” or “Updates”

– Your account statement or email communication

Fund houses normally inform investors through email when such changes happen

» Platforms That Show Benchmark History

You may also check on investment tracking platforms such as:

– Mutual fund research portals
– Registrar websites where your folio is maintained
– Portfolio tracking platforms

These sometimes mention historical benchmark details.

» Practical Tip for Investors

While tracking benchmark change, also observe:

– Whether the new benchmark is more appropriate for the fund category
– Whether the fund is consistently beating the benchmark
– Whether the fund strategy has changed along with the benchmark

If benchmark keeps changing frequently, it deserves closer review.

» Finally

The best place to confirm benchmark change from the exact date is the official communication from the fund house such as SID updates, addendum notices, and monthly factsheets. Keeping these records helps you track whether your fund is truly creating value over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Samraat

Samraat Jadhav  |2555 Answers  |Ask -

Stock Market Expert - Answered on Mar 06, 2026

Reetika

Reetika Sharma  |593 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Mar 06, 2026

Money
I am doing SIP for following mutual funds, should I adjust my SIP amount between these funds or start investing into new funds also (Small cap or Metal ETFs or others) to get better future returns with some stability. SIP % amount mentioned with each fund, total SIP amount is Rs. 29000 per month. I wish to increase it to Rs. 40000 per month. I have take little risk and looking for 7-10 year horizon. started investing since last 1 year. I am into late 40s. I efficiently use PPF/NPS/SSY for family members. Is it worth to start Vatsalya NPS as well? SBI Equity Hybrid Fund (14%), ICICI Prudential Equity & Debt Fund (14%), Parag Parikh Flexi Cap Fund (17%), HDFC Mid Cap Fund (28%), ICICI Prudential Large Cap Fund (28%)
Ans: Hi SP,

Let us go through the details one at a time.

- You are investing in PPF, NPS n SSY for family. This is good with risk free returns. Continue doing the same.
- No requirement for NPS Vatsalaya for long term.
- You are doing good and your portfolio looks quite balanced considering the amount and % mentioned. You have a good blend of equity and hybrid funds for stability.
- However can consider adding small cap as well for the long term horizon of 10 years. Start a new SIP of 4000 in Axis Small Cap.
- Increase contribution to flexicap fund and SBI Equity Hybrid fund.
- Avoid investing in sectoral funds like metal sectors as these are cyclic performers and not required for your time period.

Overall it looks good but yet you may consider consulting a professional for long term goals and aligning your investments with your goals.
Hence can consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

...Read more

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