Home > User

Need Expert Advice?Our Gurus Can Help


Ramalingam Kalirajan3735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked on - Apr 23, 2024Hindi

Recently I got Double salary so can I double my SIP in Mutual Funds
Ans: It's great news that you received double salary recently! Doubling your SIP in mutual funds is certainly an option worth considering. Here's some advice to help you make an informed decision:
• Firstly, congratulations on your increased income! It's a testament to your hard work and dedication.
• Increasing your SIP amount can be a smart move to accelerate your wealth-building journey, especially during times of surplus income.
• Before doubling your SIP, take a moment to review your overall financial situation and goals. Ensure that you have an emergency fund in place to cover unexpected expenses.
• Consider your long-term financial goals, such as retirement, children's education, or buying a home. Doubling your SIP can help you reach these goals faster.
• Evaluate your current expenses and commitments to ensure that doubling your SIP won't strain your finances. It's essential to strike a balance between saving and enjoying your increased income.
• While doubling your SIP can boost your investment portfolio, make sure you're investing in the right mutual funds. Active funds managed by experienced fund managers can potentially offer higher returns than passive index funds.
• Opt for regular funds instead of direct funds, as they provide the support of a Mutual Fund Distributor (MFD). An MFD can offer personalized advice and guidance tailored to your financial situation and goals.
• Avoid digital platforms for investing if you prefer a more hands-on approach with professional assistance. Investing through regular funds with the support of an MFD ensures that you have someone to turn to for guidance and assistance.
• Keep in mind that investing in mutual funds carries inherent risks, and past performance is not indicative of future results. Diversification across asset classes and regular review of your investment portfolio are essential for long-term success.
• Lastly, remember that financial planning is a journey, not a destination. Stay committed to your financial goals, stay informed about market trends, and adjust your investment strategy as needed.
In conclusion, doubling your SIP in mutual funds can be a prudent decision to accelerate your wealth-building journey, but it's crucial to assess your financial situation, goals, and risk tolerance before making any changes. With the support of an experienced Mutual Fund Distributor, you can navigate the complexities of investing and work towards achieving your financial aspirations.

Anu Krishna955 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 01, 2023

Asked on - Feb 23, 2023Hindi

Hi I am 41 years old and divorced twice. I have married second time due to family pressure and emotionally, but the same has not been succeed because I was in love with my first spouse and our daughter. I have completed all legal formalities for the same and there is not any legal binding with anyone. I have one daughter who is 15 years old with my first spouse. After long time I realised that I am in love with my first spouse and my daughter. I never seen to my first spouse after divorce since 2009. But I used to go and meet my Daughter on her Birthday to wish with the permission of inlaws. They respect my Father and Sister. I got divorced from my first spouse due to my mistakes which have done unknowingly in 2008. I have written letter to my first spouse and my daughter to ask for sincere apology.Also they knows about my second marriage and divorce also. I am staying alone and my question is whether we will succeed if my first spouse will agree to reunite again with my daughter. Also need some tips to stay happily with them. My desire will fulfill if we reunite again. Need your advice . Thanks
Ans: Dear Mahendra,
It is unfortunate that you had to go over marriage twice to understand what could have been avoided.
Now, whether your wife from the first marriage also shares the same feelings of love and affection towards you cannot be assumed. She might have moved on in her mind and heart, so to build up a fairy tale life with her and your daughter may cause you pain.
Maybe instead of building stories, why not have a frank discussion with them (your daughter is old enough to be a part of this). Kindly keep an open mind as they may not be willing to reunite. If they are also willing to, then take things slow...Don't suggest them moving in with you and try and create the same environment like the way it used to be when you were married.
Time changes a lot of things and this must be handled with a lot of care and caution. Your ex-wife, will also be very watchful about all the things that have hurt her previously. So, be very patient with her.

But if the answer is a firm NO from them, kindly respect it and let it be...2009 is a long time ago and much would have changed in them and you; cherish what you have with them...focus on building a good relationship with your daughter. After all, you can't assume that one letter of apology will change their hearts.

Bring up the topic with your ex-wife, but be prepared for an answer either way.

Best wishes!
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.


You haven't logged in yet. To ask a question, Please Log in below

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds