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Ravi

Ravi Mittal  |173 Answers  |Ask -

Dating, Relationships Expert - Answered on Apr 03, 2023

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Srujan Question by Srujan on Mar 24, 2023Hindi
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Relationship

I have a girlfriend.. And i proposed a girl for fun i dont have any feelings on her.. Shes my friend and even she knows we are in a relation.. And another.. My girl has some issues with her friends.. They were planning to beat.. Or scold then i stood beside.. Not let them to hit but daid to speak to her.. She got insulted there.. Now my girlfriend broke up saying these reasons.. What should i do ?

Ans: Dear Srujan,

Your intentions might not be tainted but put yourself in your girlfriend's shoes, and don't think from your perspective. Think of hers. You might have been okay if the roles were reversed, but can't say the same for most people. Jealousy is a green-eyed monster, but for some instances, it is justified; not right, but understandable. You proposing to another girl might have been a joke for you, but it hurt your GF. The only thing you can do here is to explain the situation and apologize for making her feel this way, even though it wasn't your intention.

For your second issue, I'd say it was good thinking on your part not to get too involved and yet be there for your girlfriend and stop her friends from resorting to violence. If that has insulted your partner, you can try clarifying your intent, and if she still does not want to pay heed to your side of the story, you don't owe her any more explanation for this particular issue.

If you don't have trust and understanding in your relationship, it's a losing battle, no matter how much you both try to hold on to it. An honest and level-headed discussion is the only thing that can save your relationship at this point.

Best wishes!

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Anu Krishna  |814 Answers  |Ask -

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

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Hi Maam, I am in a process of awaiting divorce from my wife and now I am in a relationship with my previous girlfriend.She is also in a process of awaiting divorce from court.We are in touch from a year ago and we both are planning to marry and everything was working fine but suddenly there are so much misunderstandings happened as she is observing my belonging things (Bags,tiffin,etc.)in my absense and I found an old lemon wrapped in paper in my bag.She is confused whether to proceed for marriage or not as I think.I have doubt whether she has got any option for marry as she is continuously busy on call and messages from a few days ago.We also decided to talk face to face and clear misunderstandings but due to her birthday came today we have postponed the meeting.We are working in same office as I have joined her in my office per my reference. Please help me know what decision I should take about my life.I dont want to lose her as she is my first love which came in my life twice.Hoping for a effective suggestion.
Ans: Dear Prasad,
Past relationships may not necessarily be the same in the present. People change, situations change...
What would she get by 'observing' your belongings? I don't understand that!
If she is still unsure whether to go ahead with you or not, then you may just be another option for her to choose from. I suggest that you stop being too available to her and then watch...Allow her to feel your absence and this will make her appreciate your presence in her life. This will help her realize your value...Otherwise, just on a whim, she might decide and marry you when you never gave her a chance to know your worth!
Take a PAUSE, be a little unavailable and then watch how she responds to it...If she is truly in love with you, I am sure she will do what it takes to appreciate you and also learn to understand what she wants for herself in life.

All the best!
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Ramalingam

Ramalingam Kalirajan  |758 Answers  |Ask -

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

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Money
Hello, I have a monthly saving of approximately rs 6000 in nps, rs7000 in pf with the rate of interest of approx 6.9, rs 23000 in SBI small cap mf, rs 16000 in ICICI prudential Blue chip mf, rs 5000 in kotak gold fund mf and rs 3000 in HDFC index s&p BSE sensex mf. I am 31 years old and i would like to know how much should I increase the investment and/ if I need to reallocate my sip to ensure retirement at 50 years old with a monthly expenses of 1lc.
Ans: You're off to a good start with your investments! Given your age and the goal of retiring at 50 with a monthly expense of 1 lakh, you have approximately 19 years to achieve this goal. Here are some suggestions to align your investments with your retirement goal:

Increase SIPs: At 31, you have time on your side. You might want to consider increasing your SIP amounts annually, perhaps by 10-15% to account for inflation and salary increments.
Reallocation:
Equity Allocation: Given your long-term horizon and age, you can afford to have a higher allocation to equities. Consider reallocating more towards equity mutual funds.
Diversification: Ensure you're not overly concentrated in a single asset class. Diversify across large-cap, mid-cap, and small-cap funds to spread the risk.
NPS & PF: NPS and PF are good vehicles for retirement savings, but they are more conservative. You might want to consider taking some risk by increasing your equity exposure through mutual funds to potentially earn higher returns.
Review & Rebalance: Periodically review your portfolio to ensure it aligns with your goals and risk tolerance. Rebalance if necessary to maintain your desired asset allocation.
Emergency Fund: Ensure you have an emergency fund equivalent to 6-12 months of expenses in a liquid and safe instrument.
Consult a Financial Advisor: Given the complexity of retirement planning, it might be beneficial to consult a financial advisor who can provide personalized advice based on your financial situation, goals, and risk tolerance.
Remember, retirement planning is a marathon, not a sprint. Consistency, discipline, and periodic reviews are key to achieving your retirement goals.
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Ramalingam

Ramalingam Kalirajan  |758 Answers  |Ask -

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

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Money
I have SIP of Rs. 1,000/- p.m. in Canara Robeco Blue Chip Equity Fund and Axis Midcap Fund and SIP of Rs.2000/- pm in SBI Small Cap Fund for last one year. Please advice whether I shud continue in these funds or do I need to change the funds?
Ans: Your current SIPs seem to be diversified across large-cap, mid-cap, and small-cap funds, which is a good strategy for long-term growth. However, whether to continue with these funds or make changes depends on various factors:

Performance: Check the performance of these funds against their benchmarks and peers. Consistently underperforming funds might be a concern.
Fund Manager: Ensure the fund manager has a good track record and is experienced in managing the type of fund you're investing in.
Expense Ratio: Lower expense ratios can significantly impact your returns over the long term. Ensure you're not paying too much in fees.
Fund Strategy: Understand the investment strategy of the funds. Make sure it aligns with your risk profile and investment goals.
Market Conditions: Market conditions can influence the performance of different types of funds differently. Diversification helps, but sometimes a market shift might warrant a change in strategy.
Given that you've been investing for just a year, it might be premature to judge the funds solely based on performance. However, regular review is essential. If you find that these funds are not performing as expected or if there are changes in your financial goals or risk appetite, consider consulting a financial advisor to help you make informed decisions. Remember, investing is a long-term game, and patience is often rewarded.
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Ramalingam

Ramalingam Kalirajan  |758 Answers  |Ask -

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

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Money
Sir I have opened PPF account in 1998 and thereafter continuous depositing the money . As on 01.04.2023( After25 Years) my corpus was 10 Lacs ( 8.5 earlier and 1.5 lacs current one) . Now i need money becz of emergency . Please guide the penelity of 1% reduction will be from 01.04.2023 (Date of extension ) or since the date of opening the account . Its premature closure but after 25 Years
Ans: The penalty for premature closure of a PPF account after 25 years is typically 1% reduction in the interest rate that would have been earned. This penalty is applied from the date of the extension, not from the date of opening the account.

Given your situation where you're facing an emergency and need to withdraw funds, it's important to understand that while PPF offers excellent tax benefits and compounding growth, it's also meant to be a long-term investment with a lock-in period of 15 years. Even after this period, partial withdrawals or loans are allowed under specific conditions, but the full withdrawal before maturity attracts the penalty.

In emergencies, it might be worth considering other available options before prematurely closing your PPF account, such as taking a loan against the PPF balance or exploring other liquid assets you might have. However, if you find that closing the PPF account is your only option, do factor in the penalty and tax implications to make an informed decision.

Always consult with a financial advisor or tax consultant to understand the implications fully and make the best choice for your situation.
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Ramalingam

Ramalingam Kalirajan  |758 Answers  |Ask -

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

Ramalingam

Ramalingam Kalirajan  |758 Answers  |Ask -

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

Ramalingam

Ramalingam Kalirajan  |758 Answers  |Ask -

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

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Money
Hi Sir, In 5 year I need 30 lakhs corpus, for the same I am investing 30000 per month as follows: 5000 in Nippon large Cap direct growth, 5000 in Nippon India small cap; 5000 in Parag parikh Flexi cap; 5000 in HDFC Transportation and logistics fund; 5000 in Amazon, 1000: Google; 5000 Vanguard S&P 500. Do I have right selections or need to rectify/add/change values or Funds? Also I am using INDMoney for same, any comment on the same?
Ans: Your proactive approach towards building a corpus for your future goals is commendable. Let's delve into your investment strategy.

You've chosen a mix of funds spanning various sectors and geographies, which is akin to cultivating a diverse garden. While each plant has its unique value, it's essential to ensure they collectively thrive. The global exposure with Amazon, Google, and Vanguard S&P 500 can offer growth opportunities, while domestic funds can provide stability.

However, having a human touch in your investment journey can make a world of difference. Digital platforms, though convenient, lack the warmth and emotional support that an AMFI certified Mutual Fund Distributor (MFD) can offer. They can guide you through market fluctuations, aligning your investments with your goals and risk profile. This personalized approach ensures that your financial journey isn't just about numbers but also about understanding and empathy.

In summary, while your fund selection is diverse, consider partnering with an MFD to enrich your investment experience.
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Sushil

Sushil Sukhwani  |310 Answers  |Ask -

Study Abroad Expert - Answered on Apr 23, 2024

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Ramalingam Kalirajan  |758 Answers  |Ask -

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Asked by Anonymous - Dec 26, 2023Hindi
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Hi Sir, I am 47 years and wife is 46 years old and we both are working in SW field. We both have started investing in MF for past 3-4 years and below is the investment done in various MF's( currently our SIP is Rs 53,000) . This is been done as per advice of our bank Relationship manager. Our investment horizon is long term and we intend to build a healthy corpus for our retirement. Please advice if our investment is headed in right direction and do we need to recalibrate this. Currently we have a joint home loan of 18 lacs and our apprx. monthly income is 2.5 lacs. Below is the list of our investments in various funds ( with SIP and duration): 1. Axis Blue Chip Fund Regular Plan- Growth SIP 3000 -( since 54 Months) 2. ICICI Prudential Balanced Advantage Fund - Regular - Growth SIP 3000 (since 32 Months ) 3. ICICI Prudential India Opportunities Fund - Growth SIP 3000 (14 Months) 4. Nippon India Large Cap Fund - Growth - SIP 3000 (54 Months) 5. Aditya Birla Sun Life Frontline Equity Fund - Regular Plan - Growth SIP 4000 (Since 6 Months) 6. Axis Focused 25 Fund Regular Plan - Growth SIP 3000 (27 Months) 7. Canara Robeco Emerging Equites- Regular Plan - Growth SIP 3000 (34 Months) 8. HDFC Balance Advantage Fund - Regular Plan - Growth SIP 6000 (6 Months) 9. ICICI Prudential Multi- asset Fund- Growth SIP 3000 (20 Months) 10. Kotak Equity Opportunities Fund- Regular Plan Growth SIP 5000 (6 Months) 11. Mirae Asset Large Cap Fund Regular Plan Growth SIP 4000 (6 Months) 12. Nippon India Small Cap Fund - Growth SIP4000 (6 Months) 13. SBI Equity Hybrid Fund - Regular Plan - Growth SIP 4000 (32 Months) 14. Tata Multi Asset Opportunities Fund Regular Plan - Growth SIP 5000 (6 Months Total SIP 53000 Lumpsum Investments: 1. Axis Growth Opportunities Fund - Fund Regular Plan- Growth 100000 Done on 21st May 2021 2. Axis Global Innovation Fund of Fund Regular Plan Growth 100000 Done on 21st May 2021 Thanks in Advance
Ans: It's commendable to see your commitment towards building a substantial corpus for your retirement. Your diversified portfolio showcases a mix of large-cap, mid-cap, and hybrid funds, which is a good strategy for long-term growth. However, there are a few considerations to ponder.

Firstly, while diversification is key, it's also essential to ensure that you're not over-diversifying, which could potentially dilute your returns. Assess the overlapping sectors and stocks across your funds to avoid redundancy.

Secondly, given your investment horizon and age, it might be beneficial to gradually shift towards more conservative options as you approach retirement. Rebalancing your portfolio periodically can help align it with your changing risk appetite and goals.

Lastly, consider evaluating the performance of your funds against their benchmarks and peer group regularly. Remember, investing is not just about choosing the right funds but also about monitoring and tweaking your portfolio when necessary.

Stay committed to your financial journey, and remember, it's the discipline and patience that often lead to fruitful outcomes in investing.
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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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