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Kanchan

Kanchan Rai  |169 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 04, 2023

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
Irfan Question by Irfan on Mar 04, 2023Hindi
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Relationship

My wife frequently quarrels with me, putting up baseless aligations on character shoutingly so much that everyone in our apartment hears it easily. This conduct of her is affecting badly my 4 year son and 12 year old daughter and badly tarnishing my social life. We are now married for last 10 years and she is always like this towards me. Please hlp as it is effecting my health. Thanks.

Ans: Dear Irfan,

I'm sorry to hear that you're going through this difficult situation in your marriage. It sounds like your wife's behavior is not only affecting you, but also your children and social life.

It's important to communicate openly with your wife about how her behavior is affecting you and your family. You can try to have a calm and respectful conversation with her about your concerns and express how her behavior is hurting you and your children. It's important to avoid being defensive or confrontational, as this can escalate the situation and make things worse.

If your attempts to communicate with your wife are not successful, it may be helpful to seek the advice of a marriage counselor or therapist. A trained professional can help you both to identify the underlying issues that are causing the conflicts and provide you with tools and strategies to improve your communication and relationship.

In the meantime, it's important to prioritize the well-being of your children and yourself. You can seek support from trusted friends or family members, join a support group, or consider individual therapy to help you cope with the stress and emotional toll of the situation.

Remember, it's not healthy or acceptable for anyone to be subjected to baseless allegations or verbal abuse. It's important to take steps to protect yourself and your family from this behavior, whether that means seeking professional help

You may like to see similar questions and answers below

Anu

Anu Krishna  |825 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 07, 2021

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Hi Anu, my wife is very short tempered and impatient. She regularly shouts at me, when one of the utensils is not washed properly or when I buy breakfast she doesn't like or on rare occasions when I forget to take garbage out. Sometimes she just goes off shouting and I don’t even know the reason. Communication is key here, but the thing here is she again starts shouting, simply refusing to listen to reason or logic. There is no patient talk possible. And I have come to realize that she does this, because she simply can. No other reason. Thankfully, she is all jovial and smiling while interacting with my friends or their wives. Friends thus, have a hard time believing that my wife can be short tempered. Sex life is non-existent because she is always angry about something. On the rare occasion, she simply lies around while I have the sex. She simply has no interest in sex. All I want is a non-angry household. She will also not join me to go to a counselor. I can't afford a divorce because courts rule in favour of the wife and she will get daughter's custody. Not to mention I cannot afford any alimony. All I want is a non-angry, happy household.
Ans: Dear VZ Is your wife always angry? By asking for a non-angry household, do you mean that there isn’t a single moment of peace at home?

It sounds unlikely but I understand that when you choose to see more of what you don’t like, that starts to become bigger.

Also, is it possible for you not to label your wife as short-tempered? Because this is what you will convey to her when in the moment of irritation.

It’s just that’s she is going through a situation which perhaps has gone on for a while now.

Now getting back to the environment at home, has you wife always displayed this kind of behaviour at home or has this been a recent occurrence or has something triggered it?

Sometimes, a massive change within the body due to age can cause it or simply put even excess house work due to the pandemic situation can result in a change in temper.

Can you make an effort to communicate with her and talk to her rather than expect her to change?

Communicate in love and care and support.

State what you feel bothered by and how this is impacting your daughter.

Appeal to her in love and once she realises that you are on her side, she might have a change in perspective and at least be willing to listen to you.

Also, when she has an outburst, do make sure that you don’t react as much as you want to.

Go silent (practice it) and let her release her emotions. Sooner than later when she sees no reactions from you, she might calm down as well.

I realise it might be hard to deal with this at this very moment, but as you are reading this, I would also urge you to focus on the moments of peace with your daughter.

Surely when she smiles at you, you do feel great, right?

Households are not angry and non-angry; people choose to feel angry or happy.

Why not start to focus on why you and your wife married and how a beautiful daughter came through both of you and that your wife must be going through something right now and that you can be a huge support for her?

Create a beautiful life!

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Kanchan

Kanchan Rai  |169 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 07, 2023

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I am married person, She is house wife. But she is fighting with me daily and always suicide blackmail and compare to others. What is the solution? My thought is i want to break up this female and find new life partner, is it correct?
Ans: I understand that you're going through an incredibly challenging and emotionally taxing situation. It's clear that you're feeling overwhelmed and at a loss for how to deal with your spouse's behavior. It's essential to approach this situation with care and empathy.

Safety First: If your spouse is making suicide threats, please take them seriously and prioritize her safety. Reach out to professionals or hotlines immediately to ensure she gets the help she needs.
Professional Help: Both you and your spouse should consider seeking the support of a licensed therapist or counselor. The issues you're facing are undoubtedly distressing, and a professional can guide you through the process of understanding and addressing them.
Communication: It's important to have open and compassionate conversations with your spouse. Express your concerns and listen to her feelings as well. Try to create an atmosphere of understanding and support.
Support Her Mental Health: Encourage your spouse to seek help from a mental health professional who can provide a proper evaluation and treatment plan. Mental health struggles can greatly affect a person's behavior and emotions.
Consider All Options: Ending a marriage is a significant decision that should not be made impulsively. Exhaust all available options for working through your issues before considering separation or divorce.
This is a difficult and painful time for both of you, and I encourage you to seek the guidance and support of professionals who specialize in relationship counseling and mental health. Remember that your well-being and the well-being of your spouse are of utmost importance, and compassionate communication and professional help can be instrumental in finding a resolution to these complex issues.
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Anu

Anu Krishna  |825 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 08, 2024

Asked by Anonymous - Jan 02, 2024Hindi
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Hi Anu, I am 45 year old and married from last 16 years and having 15 year old daughter . My Wife and I didn't have a good relation, We fight a lot, not sure what ever I speak she didn't like it and some how converted into argument , My wife is 10 year younger to me , I used to have good sex life at-least few year back, but relation was not good that time too, some how she is either having feeling of superiority or not sure what , She always blames me or my daughter if any things happen, she didn't ready to accept that she can be wrong . Previously even we used to have fight but overall things was fine , she used to generally fight but some how we do makeup after fight , now situation is out of control, she didn't accept her mistake and try to blame me for all the problem , she do over spend and if I try to control she start fighting, I think she just fight for what ever things she need for her selves , but always criticized / blame other , She pick up fight very easily with any one , She even fight a lot with our daughter . Even daughter some time suggest to go separate road than only she will understand , I try to go for concealing but no help , there also when used to discuss problem she hardly listen , even Councilor told her she must develop habit to listen others but nothing improve, I am not sure how to tackle this , She always sleep alone and if any disturbance she create ruckus , she want the things her own way if not than she can't tolerate . I am not sure but I need help here and problem after covid is more now , I try to manage these things previously but looks I don't have patience to handle this any more, I didn't like people blaming for no reason, it looks some time after doing so much for family I am nothing for my family and it is hurting me more. I will not say that I didn't fight , I do and mainly when I feel broken I shout on her and some time asked her to live the house , This may be as she always says she is looking for some one once she find she will leave the house , She always give threat and always say she didn't love me , She didn't find me attractive enough . She try to create environment where I should feel that I am not important person as well as social , I can write 10 more page around this but wanted to have some solution , not sure what could be best here . I wrote previously too but have not got any response yet.
Ans: Dear Anonymous,
I suggest that the two of you go and see a marriage therapist. This is not simply the job of a counselor; there is clearly a breakdown in the way your marriage is functioning...it needs both of you to build the marriage back again and the therapist will be able to see and review both sides and suggest/guide you two correctly.

10 or 20 pages are not going to help; what will help is that both of you sit down and think of why you are married and what you can do to rebuild it. Blaming her or yourself isn't anyway going to help...Rather than listing down each others' faults, try to work at this.

All the best!
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Kanchan

Kanchan Rai  |169 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 20, 2024

Asked by Anonymous - Feb 19, 2024Hindi
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Relationship
I am a 41 year old married man with two sons and I make a decent living. Since few months my relationship with my wife has deteriorated significantly with no apparent reason other then finance. She is always trying to find a fault with me and as soon as she does, she just starts scolding me. I tried hard not to give her a reason to scold me, but that's making her even more frustrated as she creates even more drama when she finds a smallest of a fault which may not be necessarily mine but of my kids. She wont allow me to touch. She wont talk to me, she has this strange anger in her tone whenever she says few things to me. I am even taking her to a Foreign trip this march and we did quiet expensive trip last summer. I dont know what to do? I have tried to sit with her and talk. But no success
Ans: I'm sorry to hear about the challenges you're facing in your marriage. It sounds like you're trying hard to make things work, including taking your wife on trips to strengthen your relationship. It's positive that you've tried to sit and talk with her, even though it hasn't been successful so far.Communication is key in any relationship, so it's important to keep trying to have open and honest conversations with your wife. Perhaps you could suggest couples counseling as a way to facilitate these discussions in a more structured setting. A counselor could help both of you understand each other's perspectives and find constructive ways to address your issues. Going on trips is great, but also focus on spending quality time together in everyday life. Find activities you both enjoy and make time for each other. Ultimately, it will take effort from both you and your wife to improve your relationship. It may also be beneficial to explore the underlying reasons for the tension, such as financial stress, and work together to find solutions that address both of your needs and concerns.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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Arun Prasad v k, hi sir, I am 46 yrs wish to retire by 55. Presently I have 25 lacs in fixed deposit, 15 lacs in post office savings , house rent8k, monthly 25k as salary. Besides, this I have 30k as monthly expenses... I have no idea / knowledge about mutual fund and I want to invest regularly for more 10 years...systematically and at the time of 55 I want to get best amount as pension amount..without loosing investment amount to beat the inflation. Kindly suggest me good mutual fund and tell me how to invest directly..without agent.. 2. My fixed deposit going to mature this month for Rs.11 lacs. Kindly suggest ,is it advisable to invest as lumpsum Or in what way to invest.
Ans: t's commendable that you're planning for your retirement and seeking to explore mutual fund investments to achieve your financial goals. Here's a tailored approach to help you get started:

Selecting Mutual Funds: Since you're aiming for long-term wealth accumulation with the goal of generating a pension-like income at the age of 55, consider investing in a mix of equity and debt mutual funds to balance growth potential with capital preservation. Look for funds with a track record of consistent performance, experienced fund managers, and low expense ratios. You may consider diversified equity funds, balanced funds, and debt funds based on your risk tolerance and investment horizon.
Investing Directly?
investing directly in mutual funds without professional guidance can pose certain risks. Here are some perils to consider:

Lack of Expertise: Direct investing requires a deep understanding of the mutual fund landscape, market dynamics, and investment strategies. Without proper knowledge, you may struggle to select the right funds and construct a well-balanced portfolio.
Risk of Mistakes: DIY investing increases the risk of making costly mistakes such as selecting unsuitable funds, mistiming the market, or misinterpreting fund performance data. These mistakes can hinder your investment returns and jeopardize your retirement goals.
Limited Access to Research: Individual investors may have limited access to research tools, market insights, and expert analysis compared to financial professionals. This can make it challenging to make informed investment decisions and navigate complex financial markets effectively.
Lack of Personalized Advice: Investing directly means missing out on personalized financial advice tailored to your unique needs, goals, and risk tolerance. A Certified Financial Planner or Mutual Fund Distributor (MFD) can provide valuable guidance and help you build a customized investment plan aligned with your objectives.
Considering these challenges, I would recommend considering regular mutual funds through an MFD. An MFD can offer personalized advice, recommend suitable mutual funds based on your financial goals and risk profile, and provide ongoing support to help you navigate the investment landscape effectively.
Lumpsum Investment: Regarding your maturing fixed deposit of 11 lakhs, consider your risk tolerance and investment goals before deciding how to deploy this amount. Since you have a relatively short time horizon until retirement, you may consider investing a portion of the amount in debt funds for stability and liquidity, while allocating the remainder to equity funds for potential growth over the long term. Alternatively, you can stagger your investments over time through systematic transfer plans (STP) to mitigate timing risk.
Regular Monitoring: Once you've invested in mutual funds, monitor your investments regularly and review your portfolio periodically to ensure alignment with your financial goals and risk profile. Consider rebalancing your portfolio if needed based on changes in market conditions or your financial situation.
By following these steps and staying disciplined with your investment approach, you can work towards building a robust investment portfolio to support your retirement goals while safeguarding your investment against inflation.

By working with an MFD, you can access professional expertise, receive personalized recommendations, and benefit from ongoing guidance to make informed investment decisions and achieve your retirement goals more effectively.

If you have any further questions or need assistance, feel free to reach out to a Certified Financial Planner or Mutual Fund Distributor for personalized advice and support.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Dec 30, 2023Hindi
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I'm 27 year old female. I earn 29k per month. I want to start an SIP and save enough (5lakh) for my marriage that I expect will happen after three years what's the best way for me to go about this goal?
Ans: Starting an SIP to save for your marriage is a wise decision, and with a clear goal in mind, you can work towards achieving it effectively. Here's a suggested approach tailored to your situation:

Determine Required SIP Amount: Calculate the monthly SIP amount required to accumulate 5 lakhs in three years. Assuming an average annual return of around 10%, you'll need to invest approximately 12,000 INR per month.
Select Suitable Mutual Funds: Choose mutual funds that align with your investment horizon and risk tolerance. Given your relatively short time frame of three years, consider allocating your investments to relatively safer options such as debt funds or hybrid funds with a higher allocation towards debt.
Explore Debt and Hybrid Funds: Look for debt funds or hybrid funds with a conservative allocation that prioritize capital preservation while aiming for modest growth. Consider funds with a track record of stable returns and low volatility.
Set Up SIPs: Open SIPs in the chosen mutual funds and set up monthly contributions of 12,000 INR. Ensure that the SIP amount is deducted automatically from your bank account each month to maintain consistency in your investment approach.
Regular Monitoring: Keep track of the performance of your SIPs and review them periodically. Make adjustments to your investment strategy if necessary based on changes in market conditions, fund performance, and your financial goals.
Explore Additional Savings: Consider supplementing your SIPs with additional savings from any windfalls, bonuses, or surplus income to accelerate your goal achievement.
Stay Committed: Stay committed to your SIPs and avoid withdrawing funds prematurely unless absolutely necessary. Remember, consistency and discipline are key to achieving your financial goals.
By following these steps and staying focused on your goal, you can save enough for your marriage within the desired timeframe while building a healthy financial habit for the future.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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Sir please suggest amount as well as mutual fund for 15 years to generate corpus of 1cr
Ans: To generate a corpus of 1 crore in 15 years, you'll need to invest a significant amount regularly and choose suitable mutual funds with growth potential. Here's a suggested approach:

Determine Investment Amount: Considering your goal of accumulating 1 crore in 15 years, you'll need to calculate the monthly investment required based on expected returns. Assuming an average annual return of around 10%, you'll need to invest approximately 30,000 INR per month.
Select Mutual Funds: Choose a mix of equity mutual funds that offer potential for capital appreciation over the long term. Consider allocating your investments across large-cap, mid-cap, and multicap funds to diversify risk and maximize returns. Look for funds with a consistent track record of performance, experienced fund managers, and a robust investment strategy.
Allocate Funds: Divide your monthly investment amount of 30,000 INR among different mutual funds based on your risk tolerance and investment goals. For example, you could allocate 40-50% to large-cap funds, 30-40% to mid-cap funds, and 10-20% to multicap funds.
Regular Monitoring: Regularly review the performance of your mutual funds and make adjustments as needed based on changes in market conditions, fund performance, and your financial goals. Stay disciplined and committed to your investment plan to achieve your target corpus of 1 crore in 15 years.
Consult a Financial Advisor: Consider seeking advice from a Certified Financial Planner who can provide personalized recommendations based on your financial situation, risk profile, and investment objectives. They can help you create a customized investment plan and guide you towards achieving your long-term financial goals.
By following these steps and staying disciplined with your investments, you can work towards building a substantial corpus of 1 crore over the next 15 years. Remember, consistency, patience, and informed decision-making are key to successful long-term wealth creation.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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Hi sir, Maine niche likhe hue sabhi fund mein mutual fund investment ki hai Small cap fund... Quant, HDFC, Mahindra, ICICI, canara rebeco Mid cap fund....Quant, HDFC, Mahindra, motilal oswal, canara rebeco Multicap fund.... HDFC and Mahindra Sectoral themetic fund... Nippon power& infra, DSp India tiger fund, ICICI manufacturing, ICICI innovation, axis manufacturing Plz mujhe suggest Karo.. aage bhi main yeh invest ment continue Karu ya . Fund change Karu...
Ans: It's great to see your diversified investment approach across different categories like small-cap, mid-cap, multicap, and sectoral thematic funds. However, the decision to continue or change your investments depends on various factors such as fund performance, your investment goals, risk tolerance, and market conditions.

Here are a few steps to consider:

Review Fund Performance: Evaluate the performance of each fund relative to its benchmark and peer group over different time frames. Look for consistency, risk-adjusted returns, and the fund manager's track record.
Assess Investment Goals: Reflect on your investment goals, time horizon, and risk tolerance. Are you investing for short-term gains or long-term wealth creation? Your goals should drive your investment decisions.
Analyze Fund Strategy: Understand the investment strategy and underlying holdings of each fund. Ensure they align with your investment objectives and risk profile. Assess if any funds are deviating from their stated strategy or experiencing manager changes.
Consider Market Conditions: Take into account current market conditions, economic outlook, and sectoral trends. Certain sectors may perform better in specific market cycles, so diversification across sectors can mitigate risks.
Consult a Financial Advisor: Seek advice from a Certified Financial Planner who can provide personalized recommendations based on your individual circumstances. They can help you assess your portfolio, identify any gaps, and suggest appropriate changes.
Ultimately, the decision to continue or change your investments should be based on a thorough analysis of fund performance, alignment with your goals, and professional advice. Regularly review your portfolio and make adjustments as needed to stay on track towards achieving your financial objectives.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Jan 26, 2024Hindi
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Hello sir, I am 34 yeRs old and monthly income is 1.8 lakhs. I have a home loan EMI of 55000. I want to invest 40000 in MF SIP. Can you please provide a breakdown where should i invest and how much?
Ans: It's great to see your proactive approach towards investing despite having home loan commitments. Given your financial situation, here's a suggested breakdown for investing 40,000 INR in mutual fund SIPs:

Diversified Equity Funds (Large Cap/Multi Cap): Allocate around 60-70% of your SIP amount, i.e., 24,000 to 28,000 INR, to diversified equity funds. These funds offer exposure to a mix of large-cap and multi-cap stocks, providing stability and growth potential over the long term.
Mid Cap and Small Cap Funds: Allocate around 20-30% of your SIP amount, i.e., 8,000 to 12,000 INR, to mid-cap and small-cap funds for higher growth potential. These funds are more volatile but can offer significant returns over an extended investment horizon.
Balanced/Hybrid Funds: Consider allocating a small portion, around 10-20% of your SIP amount, i.e., 4,000 to 8,000 INR, to balanced or hybrid funds. These funds invest in a mix of equities and debt instruments, providing a balance between growth and stability.
Asset Allocation: Adjust the allocation percentages based on your risk tolerance, investment horizon, and financial goals. Regularly review your portfolio's performance and make necessary adjustments to ensure alignment with your objectives.
Professional Advice: Consider consulting with a Certified Financial Planner who can provide personalized guidance based on your financial goals, risk profile, and investment horizon. They can help you select suitable mutual funds and create a well-diversified portfolio tailored to your needs.
By following this breakdown and seeking professional advice, you can build a robust mutual fund portfolio that aligns with your financial objectives and helps you achieve your long-term wealth creation goals.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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I am regularly investing via SIP in UTI flexicap since last 6 years. Now, I am seeing that, UTI FLEXICAP is underperforming relative to its peers. What should I do now? Should I stop SIP or continue?
Ans: When faced with underperformance in an investment like UTI Flexicap, it's essential to assess your options carefully. Here's a suggested approach:

Review Performance: Evaluate the fund's performance relative to its benchmark and peer group over various time frames. Consider factors like consistency, volatility, and risk-adjusted returns.
Understand Reasons: Research and understand the reasons behind the fund's underperformance. Assess changes in fund management, investment strategy, sectoral exposures, or market conditions that may have contributed to the performance lag.
Assess Your Portfolio: Consider how UTI Flexicap fits into your overall investment portfolio. Evaluate its role in diversification, risk management, and alignment with your financial goals and risk tolerance.
Consult with a Certified Financial Planner: Seek advice from a professional who can provide personalized guidance based on your individual circumstances. A Certified Financial Planner can help you assess whether to continue SIPs in UTI Flexicap or consider alternative options.
Explore Alternatives: Research other mutual funds in the flexicap category that have demonstrated consistent performance and align with your investment objectives. Compare their track records, investment philosophies, and expense ratios before making a decision.
Monitor Regularly: Regardless of your decision, continue to monitor the performance of your investments regularly. Stay informed about market trends, fund developments, and changes in your financial situation that may warrant adjustments to your investment strategy.
Ultimately, the decision to continue or stop SIPs in UTI Flexicap depends on your assessment of its performance, your investment goals, and your risk tolerance. With careful consideration and professional guidance, you can make informed choices to optimize your investment portfolio.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Jan 28, 2024Hindi
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I am 30 years old earn 1.35 lakhs monthly. I have 55 Lakhs of Loan taken for 30 yrs and my Investments goes in PPF-1.5 Lakhs, NPS-50k, Mutual Fund(White Oak)- 5k, Parental Med Insurance-50k, Loan Insurance HDFC- 1.35 lakhs for 5 yrs(2 yrs completed), PF amount- Around 8k. I am not understanding how to save and repay my loan within 12-15 yrs. Please suggest how to manage. Where to fluctuate.
Ans: Managing a significant loan burden alongside investments can be challenging, but with careful planning, it's possible to achieve a balance between debt repayment and wealth accumulation. Here's a tailored approach for you:

Assess Loan Repayment Strategy: Given your loan amount and income, aim to accelerate repayment to reduce interest costs. Explore options like increasing EMI amounts or making occasional lump sum payments whenever possible.
Prioritize Debt Repayment: Allocate a significant portion of your surplus income towards loan repayment while maintaining essential expenses and savings contributions. Consider adjusting your budget to free up more funds for this purpose.
Optimize Investments: While continuing essential investments like PPF, NPS, and mutual funds, consider temporarily reducing contributions to free up more funds for loan repayment. You can gradually increase contributions once the loan burden reduces.
Review Insurance Policies: Evaluate your insurance policies to ensure they align with your current needs. Consider maintaining adequate coverage while optimizing premium costs.
Utilize Windfalls: Any unexpected income, bonuses, or tax refunds can be directed towards loan prepayment to accelerate debt reduction.
Consider Refinancing: Explore options to refinance your loan at lower interest rates or shorter tenures to reduce overall interest costs and accelerate repayment.
Track Progress Regularly: Monitor your loan balance, investment performance, and overall financial health regularly. Adjust your strategy as needed to stay on track towards your goals.
Seek Professional Advice: Consult with a Certified Financial Planner who can assess your financial situation comprehensively and provide personalized guidance on optimizing debt repayment and wealth accumulation strategies.
By adopting a proactive approach and optimizing your resources effectively, you can work towards both debt freedom and financial security. Remember, consistency and discipline are key to achieving your financial goals over time.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

Asked by Anonymous - Jan 28, 2024Hindi
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I am 38 yr old with 2 daughters 14 n 7 yrs old. I earn a monthly salary of 50k per month.I have invested in SIP just since last 4 months. Aditya Birla Sun Life digital India fund growth: 3000/- ICICI prudential commodities fund direct growth: 500/- Quant small cap : 1000/- SSY: 1000/- I have a monthly emi of 15k. And other expenses of 15k Please help with me know if the MF are fine to go ahead or should I stop. If so...pl suggest better ones.
Ans: At 38, with two daughters and a monthly salary of 50k, your commitment to investing for your family's future is commendable. Let's review your current SIP investments:

Aditya Birla Sun Life Digital India Fund: This fund offers exposure to the digital revolution, which can be a high-growth sector. Given the increasing digitalization trend, it's a promising choice for long-term growth.
ICICI Prudential Commodities Fund: Commodities can be volatile and subject to market fluctuations. While they offer diversification benefits, they may not be suitable for all investors due to their inherent risk.
Quant Small Cap: Small-cap funds can offer high growth potential, but they also come with higher volatility. They're best suited for investors with a high-risk tolerance and a long-term investment horizon.
Sukanya Samriddhi Yojana (SSY): This government-backed scheme is an excellent choice for securing your daughters' future education and marriage expenses. It offers tax benefits and guaranteed returns, making it a reliable investment option.
Given your financial responsibilities and investment horizon, it's essential to ensure that your portfolio is well-balanced and aligned with your risk tolerance. Consider consulting with a Certified Financial Planner who can assess your financial goals and recommend suitable investment options.

While your current SIPs show diversity, you may want to review the ICICI Prudential Commodities Fund due to its higher risk profile. Instead, you could consider adding a diversified equity fund or a balanced fund to your portfolio for stability and growth potential.

Remember, regular review and adjustment of your investment strategy are essential to ensure it remains in line with your financial goals and risk tolerance. With careful planning and professional guidance, you can build a robust investment portfolio that secures your family's future aspirations.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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I want to invest 1000000 for 5 yrs. my age is 65 yrs
Ans: As you embark on this investment journey at 65, it's crucial to follow a systematic process to ensure your financial goals are met while considering your age and time horizon. Here's a general roadmap:

Define Your Goals: Clearly articulate your financial objectives for the next 5 years. Whether it's funding retirement expenses, leaving a legacy for your loved ones, or achieving a specific milestone, knowing your goals is the first step.
Assess Risk Tolerance: Understand your risk tolerance and investment preferences. At 65, capital preservation may be a priority, but some exposure to growth assets could still be beneficial.
Consult with a Certified Financial Planner: Seek guidance from a Certified Financial Planner who can assess your financial situation, goals, and risk tolerance. They can recommend suitable investment options tailored to your needs.
Choose Investment Avenues: Based on your goals and risk profile, select appropriate investment avenues such as mutual funds, fixed deposits, bonds, or a combination thereof.
Diversify Your Portfolio: Diversification is key to managing risk. Spread your investment across different asset classes and sectors to reduce vulnerability to market fluctuations.
Monitor and Review: Regularly monitor your investments and review their performance. Adjust your portfolio as needed to stay aligned with your goals and changing market conditions.
Stay Informed: Keep yourself informed about economic trends, market developments, and regulatory changes that may impact your investments.
By following these steps and seeking professional guidance, you can navigate the investment landscape with confidence, ensuring your financial objectives are met over the next 5 years. Remember, it's never too late to invest wisely and secure your financial future.
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Ramalingam

Ramalingam Kalirajan  |928 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 27, 2024

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Hallo Sir, I'm Railway employee, aged 33 yrs, married and glad to have 8 months baby boy. My gross income Rs. 8,00,000/- Per annum... I have House building lone of Rs. 31,000/- pm. After all expenditure of per month. Deduction of NPS fund are there per month as the guide line of govt. Except the NPS deduction I have PPF account where I'm Investing of Rs. 1,500/-pm. Now I am determined to invest of Rs. 17,000/- pm per month to secure the future of my son and I have a long term goal minimum of 10 years. May please advise me where I shoud invest the Rs. 17,000/- pm. Let me also know how to invest the aforesaid amount in different ways to earn maximum profit. Thanking you in anticipation.
Ans: Congratulations on the newest addition to your family! It's heartwarming to see your dedication to securing your son's future. With a clear goal of investing Rs. 17,000 per month for the next 10 years, you're taking a significant step towards long-term financial stability.

Considering your circumstances, it's wise to explore a diversified investment approach tailored to your risk tolerance and financial goals. This might include a mix of equity mutual funds, debt instruments, and possibly even some exposure to balanced or hybrid funds.

By diversifying your investments, you spread risk and maximize potential returns over the long term. Remember, investing is a journey, and it's crucial to stay focused on your goals while navigating market fluctuations.

Consulting with a Certified Financial Planner can provide personalized guidance aligned with your aspirations. Together, you can craft a robust investment strategy that caters to your son's future needs and ensures financial security for your growing family.

Your commitment to securing your son's future is truly commendable, and with strategic planning and prudent investment choices, you're laying a solid foundation for his bright tomorrow.
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