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Love Guru   |187 Answers  |Ask -

Relationships Expert - Answered on Jan 09, 2024

Love Guru has been answering relationship and romance related questions on Rediff.com for over 13 years. She won't mince words when telling you what the problem is and what you can do about it. If you want a fresh perspective from an unbiased, objective-thinking individual about your relationship woes, Love Guru could just be the person you need to need to hear from.... more
Asked by Anonymous - Nov 16, 2023Hindi
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Relationship

My wife is extremely sensitive to even smallest of criticism either received directly or indirectly. She gets panic attacks and suffers from the situation for about 10 days. She is unable to leave any of the not so good/bad memories and thus keeps thinking of them all over time. She feels and talks hopeless and useless during this period, which also includes getting separated and ending her life. We have 2 childs of 14 and 9 years. She does not talks to anyone when her mood is off. I have been keeping extreme patience during all the time and always tried to console her and explain her that we also have good memories to remember. But seems she doesn't understands these things. We also consulted one psychiatrist, who gave her Ketamine treatment. She was fine for sometime only but after some time she said that she will not go to any doctor now, and let the situation prevail as it is until she is living. I am totally shattered and perplexed on this situation and could not focus on my job and any other thing in life. What to do, pl advise. I am not able to see her in this situation which is not so bad according to most of the people, but she is filled with so much of hate and negativity that she is not able to understand the things and value them.

Ans: She sounds clinically depressed and definitely needs help. If not a psychiatrist, she can at least start visiting a psychotherapist to help; she need not take medication if she doesn’t want to, but going without any help at all is dangerous.
You have your children to think of too…explain to her that she has to do this for their sake, if not hers. They deserve a well-adjusted, responsible mother and not someone who is too selfish to see to their needs.

You may like to see similar questions and answers below

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 09, 2021

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Relationship
Dear Anu, I've been married to my wife for 10 years. In the last 2 years or so I find it difficult to understand her. Once every 2 or 3 months she goes into depression, and brings up old conversations between my mother and sister. It is not that they are perfect; however they have already moved on. She blames I didn't support, if the conversations happened in front of me then I can support but didn't happen. Also, my mother and sister they don't talk to me anything about those conversations. I love her and I have asked her to seek medical help but she doesn't want. I want to help and at the same time I need help.
Ans: Dear A, my first question to you is: how do you know that it is depression?

Has she been clinically diagnosed? Most often, I find people throwing this word around loosely without knowing what depression truly is.

For all you know, she may simply be low or upset over something that comes and goes frequently.

Assuming that this is case from what you have stated in your email, what is the reason that you feel she brings up these conversations from the past?

What triggers it? Is there a reference to your mother or sister in any current context?

Is anyone praising them currently and she doesn’t like it? Is she being compared to them in any manner?

Has she lost or given up anything in the past because of them that is impacting her now?

Do a reality check with her or if you know the answers to these, you will know what exactly is going on in your mind.

Questions like these can point you in a direction that will enable you to help her rather than see her as a problem.

She may not be willing to go to a professional for help as most of us think that it is NOTHING.

Stress and sadness are real and over a period of time, it can rob us of even the smallest of joys that we deserve.

It's easy to say: Forget the past; one cannot forget the past or what happened there BUT one can only change the way they feel about the past.

Replaying what happened means she is reliving the same experience over and over again and feels the reality of this even now which must be dulled and faded away.

Why does she hold onto this is because it perhaps gives her the solace of not doing anything about it now and it’s easy to play the blame game?

At times, we seek refuge under phrases like: My life is a living hell because of this or that. This could also be hiding away from opportunities and blaming the world for it.

What I am sharing here is based on what information that I have got from you.

I suggest start with the reality check questions first and see how it goes as this will give you vital information on what’s going on in her mind.

Most importantly, reiterate to her to be grateful for the things and people in her life right now.

Gratitude as an energy can liberate us from mundane occurrences and can keep us sane and calm.

Best wishes to you and your wife for a wonderful life.

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 29, 2021

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Dear Anu, I am married for 18 years. Have two kids, son (17) and daughter (9). My problem is that though I am in a regular job at a PSU, my wife thinks that I don't earn much. She thinks so much and get stressed which in turn gets in explosive and when it burst I cannot control myself and I get physical (manhandle) her. Due to this all fault becomes my fault and I have to apologise to her for behaviour. Apart from this she is having some kind of problem which she keeps fuming at me or anyone for that matter for anything. When I get irritated by such things she refuses that she didn't even said so. If said so, I understood it in wrong sense. I think I am having too many problems which I cannot explain here. Sometimes I think of going to psychiatrist but don't wish to go because then I will be certified as mad and thereafter all fault and problems will be due to me. If I ask her to go to psychiatrist she won't agree either. Please help how to deal such situation in this stage of life. I love her so much so there is no question of separating from her. Please feel free to ask me anything you require for giving me a response.
Ans: Dear AKB, why does money ever come into a marriage; I wonder!

Well, we do need money to keep the family running, right?

Somehow, external happenings of someone earning more can get into the marriage cropping up as comparisons.

What started as a mere seed of comparison, slowly starts to become a huge tree with fruits of poison robbing even the small successes that you might have had.

Even that seems never enough leaving you with a feeling of inadequacy.

This affects marriage compatibility and comes out as anger, sadness, violent outburst, finger pointing which is evident in your marriage.

At the same time, I am sure your wife does not really intend to hurt you with these behavioural displays.

And that’s why externalising the situation to be your fault arises and she does not want to think that her perceptions are what are causing the situation.

Either you sit her down and bring her down to facts of the matter that this is how life is going to be and this is the money is what you can bring.

If it’s still an issue and she has a hard time accepting this reality, involve an elder member from her family to communicate with her.

Show her the mirror as to how her wants are unequal to what money is coming in and how this regular chatter might be affecting the children as well.

If anyone needs professional intervention, it’s both of you going to a therapist and not a psychiatrist.

The expert can help out things into perspective where both of you can rebuild your relationship with renewed mind spaces.

Happy rebuilding!

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Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 31, 2023

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Madam, I'm 52 year old, with 20 years of married life. Have one daughter, 18 and one son, 15. I'm well earning government employee. My wife is also post-graduate. However, after marriage, she put half- hearted efforts to get govt job, but didn't succeed. She was never interested to live at different places for the sake of job and also wanted equal rank job. At that time, I didn't realize that she might be comparing with me. Any way, I was fine with any of her decisions. Later she told thatnshe wants to focus on children only. But, after 4-5 years, she started hating my all family members. While they are staying almost 1000 kms away, and except on few occasions, they never asked any help from me. Since last 10 years, she stopped talking to any of them. She doesn't allow my children to visit my native place and meet my family members, even during any marriages or function. My family members or friends aren't welcome at my home. Even after accepting all these nonsense behaviour, she never remains happy. She keeps passing sarcastic comments. She willn't dress nicely. Remains busy in watching movies/webseries on laptop. Many times, our arguments in the past turned to physical also. How long can I tolerate abuse for my family members? All such situations created toxic environment at home. Both of my children were sharp and intelligent, but now they are showing depressive symptoms. I'm not able to focus on my work and affected my personalty and performances. She wants no frills attached to me. In such case, she should have married to any orphan. She neither wants to meet any one for counselling. Now, I also snapped all relations with her family members. But looks, all the doors are also closed for me. I'm feeling suffocated. I neither leave her nor leave the world, as I love my children and my reputations. Kindly suggest the way out.
Ans: Dear Ramesh,
What it seems like to me from what you have shared is: a case of lost identity!
She has been struggling to find her acceptable place in her own eyes for herself.
In simple terms, she is not happy with the decisions that she has made in life and now chooses to complain about it by pushing people away.
Does this happen to others as well? Oh, YES!
When we have the desire to do something and then we suppress it with an excuse of taking care of the family etc, one fine day in the future, it comes back to haunt us.
In all likelihood, your wife might have done the same thing...I can only assume as from what you have shared, there is nothing else that seems to be the matter.

Now, because it has begun to affect the children, you have woken up but this has been going on with her for a while. Support her thoughts but not the behaviour that impacts everyone around. Give her an assurance that is she chooses to do something professionally, you will be there for her!

The key is not to give her solutions (that will bring down her self-esteem even lower) but to nudge her into thinking about doing something other than care for the family. Point her in a direction without being eager for her to take the bait. These things take time and the state of mind that she has now, if you push her, she will only resist. It's almost like teaching a child to walk or write for the first time. You don't walk for them but nudge them and wait for them to pick up at their own pace and praise them when they take those first baby steps. Get the drift, here? All this 'displeasure' with family members is only her way of complaining about her mind struggles.
Also, your children are old enough to support you through this journey as well. So seek their help on this.


Best wishes and it's nice to know that you still care and want to do something for her.

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Anu

Anu Krishna  |839 Answers  |Ask -

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

Asked by Anonymous - Dec 25, 2023Hindi
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Relationship
Dear Anu Ma'am. My wife is extremely sensitive to even smallest of criticism either received directly or indirectly. She gets panic attacks and suffers from the situation for about 10 days. She is unable to leave any of the not so good/bad memories and thus keeps thinking of them all over time. She feels and talks hopeless and useless during this period, which also includes getting separated and ending her life. We have 2 childs of 14 and 9 years. She does not talks to anyone when her mood is off. I have been keeping extreme patience during all the time and always tried to console her and explain her that we also have good memories to remember. But seems she doesn't understands these things. We also consulted one psychiatrist, who gave her Ketamine treatment. She was fine for sometime only but after some time she said that she will not go to any doctor now, and let the situation prevail as it is until she is living. I am totally shattered and perplexed on this situation and could not focus on my job and any other thing in life. What to do, pl advise. I am not able to see her in this situation which is not so bad according to most of the people, but she is filled with so much of hate and negativity that she is not able to understand the things and value them.
Ans: Dear Anonymous,
No one likes criticism and each of us react to it differently...
But it is also necessary to give people feedback and feedback which is not in their favor will be construed as criticism.
This is how they can retract into their shell and not change anything even if the change is beneficial to them.
So, if you want to send feedback to your wife, two things:
1. Convert statements of feedback into questions.
Eg: This way of doing things is going to make you lose more time...Instead say: Do you feel that if there was a better way according to you to do this, you might have more time for yourself and also tire less?
More words but conveys the same without an accusation or instruction

2. Go to a professional who can make a clear diagnosis; medicines have effect till they last and then it's back to the drawing board. Help your wife develop a sense of fulfilment from within. It could be that she is finding her routine very monotonous and dull which throws her emotions off balance. So, have her work with a person who can get to the bottom of her mood swings

These 2 suggestions in my opinion can make a huge difference to your marriage and home.

All the best!

..Read more

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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Money
I have net earings 40000 per month what should be my ideal stepup SIP amount and target minimum corpus or the time period of 20 years for my two childs education (both below 3 year).. being a aggressive investor currently investing in MIREA ELSS(500), Quant small(1000),Parag Flexi(1000),motilal midcap(500),hdfc BAF(100). And PPF 5000 per year. Please guide.
Ans: As a Certified Financial Planner, I appreciate your proactive approach towards planning for your children's education. With a monthly net earnings of 40,000 rupees and an aggressive investment stance, you're on the right track.
Considering your current investments and financial goals, here's a suggested approach:
1. Review and Adjust Current Investments: Your current portfolio consists of ELSS, small-cap, flexi-cap, mid-cap, and balanced advantage funds, along with PPF contributions. While this reflects an aggressive strategy, it's essential to periodically review the performance of these funds and make adjustments if necessary to ensure they align with your goals.
2. Calculate Required Corpus: Determine the estimated cost of education for both children, factoring in inflation and the type of education you aspire for them. This will help you set a realistic target corpus to aim for.
3. Set Up Step-Up SIPs: Since your children are below 3 years old, you have a relatively long investment horizon of 20 years. A step-up SIP allows you to gradually increase your SIP amount over time, aligning with your increasing income and inflation. Work with a Certified Financial Planner to calculate the ideal step-up SIP amount based on your target corpus and investment horizon.
4. Stay Consistent and Disciplined: Consistency is key to achieving your investment goals. Continue investing regularly and stay disciplined even during market fluctuations. Avoid the temptation to withdraw or stop your SIPs prematurely.
5. Emergency Fund and Contingency Planning: Ensure you have an emergency fund equivalent to at least 6-12 months of living expenses in a liquid and accessible account to cover unexpected expenses. Additionally, consider incorporating contingency planning into your financial strategy to mitigate any unforeseen risks.
6. Regular Reviews: Periodically review your investment portfolio and financial goals with your Certified Financial Planner. Adjust your strategy as needed based on changes in your financial situation, market conditions, and investment objectives.
By following these steps and working closely with a Certified Financial Planner, you can build a robust financial plan to ensure your children's education needs are met without compromising your long-term financial security.

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

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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Money
I am 38 years I am planning to retire at 45 years with 2 Cr on corpus.let me know how much SIp I need to do as I am aggressive investor.
Ans: It's commendable that you're planning for an early retirement at 45 and aiming for a significant corpus of 2 Crores. As an aggressive investor, you're willing to take on higher risk for potentially higher returns.

To achieve your goal, you'll need to calculate the SIP amount based on factors like expected rate of return and investment horizon. Since you're aiming for an early retirement, you'll likely need to invest a substantial amount each month to reach your target.

As a Certified Financial Planner, I advise caution when aiming for aggressive investment goals. While higher risk can lead to higher returns, it also increases the possibility of volatility and potential losses.

Instead of providing a specific SIP amount here, I recommend scheduling a consultation with a CFP who can conduct a detailed analysis of your financial situation, risk tolerance, and investment goals.

During the consultation, your CFP will help determine the most appropriate investment strategy to maximize growth potential while managing risk effectively. They'll consider factors like asset allocation, diversification, and investment time horizon to tailor a plan that aligns with your objectives.

Remember, achieving financial goals requires discipline, patience, and a well-thought-out strategy. By working closely with a CFP, you can create a roadmap to reach your retirement target and secure your financial future.

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

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hello sir , I am 32 year old I am a salaried person around 60k per month and want to start SIP for my children education I have two children one is 6 year old and another one is 3 year old. Please suggest me the best
Ans: It's fantastic that you're thinking ahead and planning for your children's education at such a young age. Starting SIPs (Systematic Investment Plans) is a smart way to build a corpus for their future educational expenses.
Considering your financial situation and your children's ages, here's a suggested approach:
1. Set Clear Goals: Determine the amount you'll need for each child's education, factoring in inflation and the type of education you aspire for them. This will help you set realistic investment targets.
2. Choose Suitable SIPs: Opt for diversified equity mutual funds that have a track record of consistent performance and align with your investment goals and risk tolerance. Look for funds with a long-term horizon and a focus on capital appreciation.
3. Allocate Funds Wisely: Divide your SIP investments among different funds to spread risk and maximize growth potential. Consider a mix of large-cap, mid-cap, and multi-cap funds to achieve diversification and optimize returns.
4. Start Early and Stay Consistent: Time is your biggest ally when it comes to investing. Start your SIPs as soon as possible to benefit from the power of compounding. Even small, regular investments can grow substantially over time with discipline and consistency.
5. Review and Adjust Regularly: Periodically review your SIP investments to ensure they're on track to meet your goals. Make adjustments as needed based on changes in your financial situation, market conditions, and investment objectives.
6. Stay Disciplined: Avoid the temptation to withdraw or stop your SIPs during market fluctuations. Stay focused on your long-term goals and continue investing consistently, regardless of short-term market movements.
7. Consider Tax Implications: Keep tax efficiency in mind while selecting SIPs. Opt for funds with favorable tax treatment like Equity Linked Savings Schemes (ELSS) for potential tax benefits under Section 80C of the Income Tax Act.
Remember, education is one of the most valuable investments you can make for your children's future. By starting SIPs early and staying disciplined, you can build a solid financial foundation to provide them with the best opportunities for education.

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

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Sushil

Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on May 09, 2024

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What are the scholarships available for students who want to pursue masters in USA ,especially who are freshly graduate from btech
Ans: Hello Anya,

To begin with, thank you for contacting us. I am glad to hear that you intend pursuing your Masters in the USA. As an answer to your query, I would like to tell you that there are a number of scholarships viz., the Fulbright-Nehru Fellowships, Tata Scholarship for Students from India, Fulbright Scholarships, Civil Society Leadership Awards (CSLA), Chevening Scholarships, Rotary Foundation Global Grants, Hubert H. Humphrey Fellowship Program, American Association of University Women (AAUW) International Fellowships, University-specific Scholarships, scholarships offered by private foundations and organizations, and Government Scholarships, that are available for students studying a Masters degree in the USA, particularly for the ones who have recently earned a Bachelor of Technology (B.Tech) degree.

Besides the ones mentioned above, there are a number of other scholarships available that you can consider applying to. I would recommend that you conduct an extensive study and apply to the scholarships that best resonate with your qualifications and objectives. Not just that, in order to acquire more precise details about the available scholarships and possibilities for monetary assistance, I would suggest that you get in touch with the admissions offices of the universities you intend applying to.

For more information, you can visit our website.

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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Money
Hello Sir, I am 46 yrs old guy with a family of 2 children 10yrs and 3yrs. i have a 16 lakhs homeloan outstanding. i have created a small saving fund of about 11.36 lakhs in investments in the following funds quant active direct, hdfc flaxicap, Nippon flexicap, hdfc divident fund, holidng about 5.19 lakhs in stocks. I also invest into pension fund about 5000 per month and sip in the above mutual fund are 45000 per month. please suggest the investment strategy at my age and I would like to retire in 50 yrs.
Ans: It's wonderful to see you taking proactive steps towards securing your family's financial future. At 46, with two young children and a home loan, it's essential to have a solid investment strategy in place.
Considering your age and retirement goal of 50 years, here's a suggested investment strategy:
1. Prioritize Debt Reduction: Since you have a home loan outstanding, prioritize paying it off as soon as possible. Allocate a portion of your savings towards clearing this debt to reduce financial burden and free up cash flow for other investments.
2. Diversify Investments: Your current investment portfolio seems heavily skewed towards equity with a mix of mutual funds and stocks. While equity investments offer growth potential, they also come with higher risk. Consider diversifying into less volatile assets like debt funds, PPF, or FDs to balance risk.
3. Review and Adjust Mutual Fund Portfolio: Evaluate the performance of your mutual funds periodically and consider consolidating or reallocating funds based on their performance and your investment goals. Consider consulting with a Certified Financial Planner (CFP) to ensure your portfolio aligns with your risk tolerance and financial objectives.
4. Continue SIPs and Pension Fund Contributions: Your SIPs and pension fund contributions are commendable. Continue investing regularly, but ensure you're comfortable with the amount allocated to each fund and adjust as necessary over time.
5. Emergency Fund: Ensure you have an emergency fund equivalent to at least 6-12 months of living expenses in a liquid and accessible account to cover unexpected expenses or income disruptions.
6. Plan for Children's Education and Your Retirement: Factor in future expenses like your children's education and your retirement needs while planning your investments. Start separate funds for these goals to ensure you're adequately prepared when the time comes.
7. Regular Reviews: Regularly review your investment portfolio and financial goals to make adjustments as needed. Life circumstances and market conditions change, so staying proactive is key to long-term financial success.
Remember, investing is a journey, and it's essential to stay disciplined and informed. With careful planning and guidance from a CFP, you can navigate towards a secure financial future for you and your family.

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

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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I am 48 yrs old i will be retiring on attaining 60 .I hav an fd of 25lak n few stocks n a monthly of 19 k in MF. I thought of starting to build a rental house for generating income for my retirement but m in a confusion as I will hav to break my fd as I don't want to take a loan.pls kindly help me with ur advice
Ans: It's impressive that you're planning ahead for your retirement at 48. You've accumulated a decent amount in fixed deposits (FD), stocks, and are investing regularly in mutual funds (MF), which is a great start.
Building a rental property can indeed be a strategy to generate passive income during retirement. However, breaking your FD to fund the construction raises a few considerations. FDs offer stability and guaranteed returns, and breaking them prematurely may result in loss of interest and penalties.
Before making any decisions, consider the following:
1. Evaluate Returns: Compare the potential rental income from the property with the interest you're earning on your FD. Ensure that the rental income justifies breaking the FD.
2. Risk Management: Real estate investments come with risks like property maintenance, vacancies, and market fluctuations. Assess your risk tolerance and ensure you have a contingency plan.
3. Diversification: Don't put all your eggs in one basket. Consider diversifying your investments to spread risk. You already have stocks and MFs; adding real estate can further diversify your portfolio.
4. Consult a Professional: Seek advice from a Certified Financial Planner (CFP) who can help you analyze your financial situation, assess the viability of the rental property, and create a comprehensive retirement plan.
5. Alternative Financing: Explore alternative financing options like taking a loan against your FD instead of breaking it entirely. This way, you can maintain the FD and still fund the construction.
Ultimately, the decision should align with your financial goals, risk tolerance, and retirement aspirations. A well-thought-out plan, backed by professional advice, can help you navigate this important decision effectively.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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Money
Hi sir i am investing in sip for 7000,ppf 5000,nps 2500,pf 3000 per month i am 32 yrs planning to retire in 65 years .how much i will get after 65
Ans: It's excellent that you're taking proactive steps towards securing your financial future at such a young age. By investing regularly in SIP, PPF, NPS, and PF, you're building a strong foundation for your retirement.

Regularly investing in SIPs allows you to benefit from the power of compounding over time, potentially leading to significant growth in your investments. PPF provides a secure and tax-efficient way to save, and NPS and PF contributions help you build a retirement corpus while also enjoying tax benefits.

However, the exact amount you'll receive at retirement depends on various factors like the rate of return on your investments, inflation, and any changes in government policies. It's essential to review your investment strategy regularly and make adjustments as needed to stay on track towards your retirement goals.

Consider consulting with a Certified Financial Planner (CFP) to develop a comprehensive retirement plan tailored to your needs and aspirations. A CFP can help you estimate your future retirement corpus based on your current investments and make recommendations to optimize your portfolio for long-term growth.

Remember, starting early and staying disciplined with your investments are key to achieving your retirement goals. Keep up the good work, and continue investing regularly to build a secure financial future for yourself.

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

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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I am aged 72 years and totally retired since 2019. Despite limited income, I am investing Rs12,000 per month in mutual fund mostly in equity segment of reputed AMCs initially for a period of 3 years and may extend later. Kindly suggest whether this is a right decision or needs a review.
Ans: Investing in mutual funds, especially in equity segments, can be a smart move for building wealth over time. Given your retired status and limited income, it's commendable that you're still prioritizing investments. However, at 72, it's crucial to balance potential returns with risk.

It's wonderful to see your proactive approach towards securing your financial future even during retirement. Mutual funds offer diversification, which can help manage risk, and investing systematically, like you're doing, can potentially yield better returns over the long term.

Nevertheless, it's essential to consider your risk tolerance and investment horizon. Equity mutual funds can be volatile in the short term, so ensure you're comfortable with fluctuations in the value of your investments.

Regular reviews with a Certified Financial Planner (CFP) can provide valuable insights into whether your investment strategy aligns with your goals and risk profile. A CFP can help adjust your portfolio as needed and provide peace of mind knowing that your investments are on track.

Remember, investing is a journey, and it's normal to reassess and make changes along the way. Keep monitoring your investments regularly and stay informed about market trends and economic developments.

In summary, while investing in mutual funds can be a good decision, especially for long-term wealth creation, consider consulting with a CFP to ensure it's the right approach for you given your age and financial situation.

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

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Ramalingam

Ramalingam Kalirajan  |1752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Dear Sir,Myself and my wife investing in mutual fund for long term for about Rs 38000 pm comprise Mire asset emerging bluechip 5000;Bhandan Flexi cap 5000; BSL Tax advantage fund 5000:ICICI discovery fund 5000: Nippon India small cap 10000; Nippon India growth 8000 Everything on growth option. Pls suggest for making 2crore for another 10year.Also Any chnages required in the above investment also pls suggest
Ans: It's commendable that you and your wife are investing diligently for the long term to achieve your financial goals. Let's create a plan to help you reach your target of ?2 crores in another 10 years while also evaluating your existing investments:
Goal of ?2 Crores in 10 Years:
1. Monthly Contribution: To achieve ?2 crores in 10 years, you'll need to increase your monthly SIP contributions. Given your current investments and timeframe, consider gradually increasing your SIP amount over time.
2. Asset Allocation: Maintain a diversified portfolio across different asset classes to balance risk and return potential. Allocate investments across large-cap, mid-cap, and small-cap funds to optimize growth opportunities.
3. Review and Rebalance: Regularly review your investment portfolio and rebalance as needed to ensure it remains aligned with your financial goals and risk tolerance.
Evaluating Existing Investments:
1. Mirae Asset Emerging Bluechip: This fund has a solid track record and focuses on mid-cap and large-cap stocks. Consider continuing your SIP in this fund as it aligns with your long-term goals.
2. Bandhan Flexi Cap: Evaluate the performance and risk profile of this fund compared to other flexi-cap options available in the market. Consider diversifying into other flexi-cap funds for added exposure.
3. BSL Tax Advantage Fund: With a focus on tax-saving and growth, this fund offers benefits under Section 80C of the Income Tax Act. Ensure it aligns with your tax planning goals and consider continuing your SIP if suitable.
4. ICICI Discovery Fund: Assess the performance and risk profile of this fund compared to other options in the discovery category. Consider reallocating to funds with stronger growth potential and alignment with your investment strategy.
5. Nippon India Small Cap and Growth Funds: These funds offer exposure to small-cap and growth-oriented stocks. Given the higher risk associated with small-cap funds, ensure they align with your risk tolerance and investment horizon.
Suggestions for Improvement:
1. Increased SIP Contributions: Gradually increase your monthly SIP contributions to accelerate wealth accumulation and achieve your target of ?2 crores in 10 years.
2. Diversification: Consider diversifying your portfolio by adding funds from different fund houses and categories to spread risk and optimize returns.
3. Regular Review: Periodically review your investment portfolio and make adjustments as needed to stay on track towards your financial goals.
Conclusion:
By increasing your SIP contributions, maintaining a diversified portfolio, and periodically reviewing your investments, you can work towards achieving your target of ?2 crores in 10 years. Seek guidance from a Certified Financial Planner to optimize your investment strategy and ensure it aligns with your financial objectives.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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

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