Let's Talk Money with Monika Halan

In this episode, Monika explores the troubling issue of health insurance companies denying claims, a problem that has taken center stage globally and in India. A shocking incident in the U.S. on December 4, 2024, saw Brian Thompson, CEO of UnitedHealthcare, America’s largest health insurer, shot dead as he walked to an investor conference. Reports suggest the attack may be linked to mounting public frustration over insurers' tactics to “deny, delay, and depose” claims to boost profits, with UnitedHealthcare rejecting 32% of claims. Shifting focus to India, Monika highlights worrying trends documented by the Insurance Brokers Association of India. Public sector insurers perform far better than private firms, with New India Assurance paying 98.74% of claim amounts, while Star Health lags behind at just 54.61%. Disparities in claim metrics—by number of policies versus amounts—indicate some insurers may settle low-value claims quickly while dragging their feet on higher payouts. Loopholes in fine print and a lack of transparency add to policyholders' struggles. The conversation emphasizes the challenges of a three-party system involving insurers, hospitals, and policyholders. Unregulated hospitals often inflate bills or unfairly charge patients, further complicating matters. Monika stresses the urgent need for IRDAI to improve transparency, mandate better disclosure, and ensure smooth portability for customers switching insurers. Until then, buyers must remain vigilant: analyze claims data, compare insurers, and port policies with poor claims records before renewal. Listener queries focus on practical financial challenges. Abhishek asks about the difference between holding mutual fund units in a demat account versus a statement of account, seeking clarity on costs, flexibility, and their respective pros and cons. Nakaashi from Mumbai raises concerns about his retired parents' financial portfolio, exploring how to balance medical expenses, inflation-proof investments, and their desire to leave an inheritance. Purva from Pune wants to know how to plan portfolio exits during market corrections, focusing on asset allocation and strategies for rebalancing investments effectively. Chapters: (0:33 - 5:48) RBI's decision on interest rates and what it means for growth (5:50 - 7:13) Understanding bond duration and interest rate risks (7:18 - 11:22) Should you invest in ultra-short-term funds for 6-month goals? (11:24 - 14:48) Mutual funds vs. NPS Vatsalya: Which is better for gifting money to your daughters? (14:50 - 16:18) Dealing with FDs and mutual funds when there’s no nominee: What to do ⁠https://tradingeconomics.com/india/interest-rate⁠ ⁠https://npstrust.org.in/sites/default/files/inline-files/nps_vatsalya_borchure_marged.pdf⁠  If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management ⁠⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠⁠⁠⁠⁠ Monika’s book on mutual funds ⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠⁠⁠⁠⁠ Monika’s workbook on recording your financial life ⁠⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠⁠⁠⁠⁠ Calculators ⁠⁠⁠⁠⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠⁠⁠⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠ LinkedIn ⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠ Production House: ⁠⁠⁠⁠⁠⁠www.inoutcreatives.com⁠⁠⁠⁠⁠⁠ Production Assistant:⁠⁠⁠⁠⁠⁠ Anshika Gogoi⁠⁠⁠

In this episode, Monika delves into the RBI’s decision to maintain the repo rate at 6.5% despite market expectations of a 25 basis point cut. She explains the repo rate’s role as the interest rate at which the RBI lends to banks, influencing liquidity and inflation. The decision stems from the central bank's inflation-targeting mandate, which restricts easing rates amidst high inflation. However, the RBI cut the Cash Reserve Ratio (CRR) to 4%, injecting ₹1.16 lakh crore into the banking system. Monika further discusses the rationale behind the RBI’s cautious approach. While core inflation remains within target, persistently high food inflation limits the scope for rate cuts. The CRR reduction is seen as a move to boost liquidity, with many viewing it as a precursor to a potential rate cut in early 2025. Lower growth forecasts and rising inflation add complexity to the economic outlook, reflecting the challenges of balancing growth and stability. The episode also covers the concept of bond duration, a critical measure of interest rate risk in debt instruments. Monika explains how duration quantifies the sensitivity of bond prices to interest rate changes. Longer durations mean greater risk as bond prices drop sharply when rates rise. This segment sheds light on how advisors evaluate debt funds based on duration to align risk with investors’ goals, ensuring informed decision-making in volatile markets. Listener queries focus on practical financial challenges. Miranda seeks clarity on mutual fund redemptions, comparing lump-sum investments and SIPs for short-term goals, and understanding the first-in-first-out rule for selling units. Nishant, a PSU employee, explores strategies to invest ₹18 lakh gifted by grandparents for his daughters’ future while weighing the merits of NPS Vatsalya versus index funds. Finally, Bunti seeks guidance on claiming bank FDs without a nominee, underscoring the importance of updated nominations and succession planning. Chapters: (0:33 - 5:48) RBI's decision on interest rates and what it means for growth (5:50 - 7:13) Understanding bond duration and interest rate risks (7:18 - 11:22) Should you invest in ultra-short-term funds for 6-month goals? (11:24 - 14:48) Mutual funds vs. NPS Vatsalya: Which is better for gifting money to your daughters? (14:50 - 16:18) Dealing with FDs and mutual funds when there’s no nominee: What to do https://tradingeconomics.com/india/interest-rate https://npstrust.org.in/sites/default/files/inline-files/nps_vatsalya_borchure_marged.pdf  If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management ⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠⁠⁠⁠ Monika’s book on mutual funds ⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠⁠⁠⁠ Monika’s workbook on recording your financial life ⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠⁠⁠⁠ Calculators ⁠⁠⁠⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠⁠⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠ LinkedIn ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ Production House: ⁠⁠⁠⁠⁠www.inoutcreatives.com⁠⁠⁠⁠⁠ Production Assistant:⁠⁠⁠⁠⁠ Anshika Gogoi⁠⁠⁠

In this episode, Monika examines India’s slowing GDP growth, which fell to 5.4% in the second quarter (June-September 2024), pulling the first-half growth to 6%. A sluggish industrial sector, slower urban consumption, and muted private investments are key drivers, while rural spending and services have shown resilience. To meet the RBI’s projected 7% growth, faster economic activity is essential—a goal that now seems unlikely. Monika explores potential government spending and RBI rate cuts as possible solutions to reignite growth. Slower GDP growth affects everyone, from limited job opportunities and salary hikes to reduced returns for investors. Monika highlights the need for employees to enhance job security and for investors to maintain disciplined asset allocation. Avoiding reactive shifts between equities and safer instruments is critical to navigating these challenging times. The episode also introduces the government’s PAN 2.0 project, which consolidates PAN, TAN, and TIN into a single identifier to simplify compliance for businesses. Monika reassures listeners that while this benefits businesses, individuals only need to verify their contact details to receive the updated QR-coded PAN card. Links to government resources for further information are shared. Listener queries explore diverse financial topics. Nagendra from Bengaluru asks about balancing active and index funds across market caps. Akhila, starting a new job abroad, seeks advice on debt repayment, emergency savings, and retirement planning. Varun from Chennai discusses efficient gold investments and portfolio management, raising questions about long-term strategies and intergenerational financial planning. Chapters: (0:33 - 3:56) What slowing GDP growth means for you and your finances (3:57 - 5:53) PAN 2.0: What it means for taxpayers (5:57 - 8:43) Should you invest in small and mid-cap index funds? (8:45 - 10:57) Financial priorities for expats with debt (11:00 - 14:29) Best ways to hold gold for your child’s future https://www.incometax.gov.in/iec/foportal/help/e-filing-know-tan-faq#:~:text=TAN%20must%20be%20obtained%20by,in%20communications%20with%20the%20ITD https://pib.gov.in/PressReleasePage.aspx?PRID=2077922 https://incometaxindia.gov.in/Lists/Press%20Releases/Attachments/1214/Press-Release-PAN-2.0-Project-of-the-CBDT-receives-CCEA-Approval-dated-27-11-2024.pdfIf you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠ Monika’s book on basic money management ⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠⁠⁠ Monika’s book on mutual funds ⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠⁠⁠ Monika’s workbook on recording your financial life ⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠⁠⁠ Calculators ⁠⁠⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ LinkedIn ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ Production House: ⁠⁠⁠⁠www.inoutcreatives.com⁠⁠⁠⁠ Production Assistant:⁠⁠⁠⁠ Anshika Gogoi⁠⁠⁠

In this episode, Monika delves into a significant move by the Indian government and financial regulator to address the mis-selling of insurance products by banks. At a recent banking event, Finance Minister Nirmala Sitharaman highlighted the need for banks to prioritize their core business—mobilising deposits and lending. She noted that aggressive insurance sales have indirectly increased borrowing costs for customers, signaling a call for reform. IRDAI Chairman Debashish Panda echoed this, urging banks to keep insurance sales secondary to their primary banking functions. Together, these statements hint at a potential shift in banking practices, putting customer needs above aggressive sales targets. Monika explains how bank staff are incentivized to push high-commission products, like money-back or endowment policies, often at the expense of traditional fixed deposits. This has slowed deposit growth, with first-year insurance premiums via bank channels hitting Rs 81,000 crore in 2022-23. The push for change may depend on the RBI’s role, which is key to enforcing stricter guidelines and shielding consumers from misleading sales practices. Successful reforms could ease pressure on customers, especially those needing more traditional banking services. The episode also covers the concept of the discount rate, a crucial financial tool for assessing investment value. Monika illustrates how the discount rate helps calculate the present value of future cash flows, aiding in financial planning. By comparing various investment options—from secure bank deposits to riskier equities—listeners learn how risk impacts expected returns. This segment aims to equip the audience with a clearer understanding of making well-informed investment decisions. Listener questions span several financial scenarios. Megha (name changed) seeks advice on balancing transparency with her fiancé while safeguarding her assets. Vishwas, a freelancer, asks how to adapt the 3-account cash flow system for irregular income. Pooja from Bangalore shares her path to financial independence and seeks Monika’s thoughts on legacy planning as a single woman, discussing inheritance and charitable giving. These real-life cases provide practical insight into financial challenges and choices many face today. Chapters: (0:34 - 5:34) The government crackdown on insurance mis-selling (5:35 - 7:49) Understanding the discount rate in personal finance (7:53 - 12:21) Should you disclose your finances before marriage? (12:25 - 15:43) How to implement the 3-account system as a freelancer? (15:45 - 19:32) Legacy planning and charity goals for a single person If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management ⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠⁠ Monika’s book on mutual funds ⁠⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠⁠ Monika’s workbook on recording your financial life ⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠⁠ Calculators ⁠⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ LinkedIn ⁠⁠⁠@MonikaHalan⁠⁠⁠ Production House: ⁠⁠⁠www.inoutcreatives.com⁠⁠⁠ Production Assistant:⁠⁠⁠ Anshika Gogoi⁠⁠

In this episode, Monika explores why inflation has surged in India, hitting 6.2% in October 2024, the highest in over a year. She explains how inflation is measured using the Consumer Price Index (CPI), which tracks price changes in a basket of consumer goods and services. A consistent rise in the CPI indicates inflation, with a recent jump reflecting concerns about India’s economic stability. The ideal inflation target for India is set between 2% and 6%, with 4% considered optimal for growth, but the current numbers exceed this range. Monika discusses the key contributors to the recent spike, particularly food inflation. October saw food and beverage prices soar to 9.69%, driven by a 42.2% increase in vegetable costs, along with rising cereal and oil prices. She highlights the persistent food inflation due to extreme weather conditions and challenges in the agricultural sector, exacerbated by the government’s struggle to implement necessary reforms. These factors complicate inflation control, and Monika predicts that inflation might not ease until early next year, affecting consumer spending and economic growth. The recent closure of Durga Cooperative Bank is also discussed in this episode. The RBI canceled the bank’s license, forcing customers to rely on deposit insurance for refunds. This situation underscores the risks of choosing high-interest cooperative banks, leading to a recommendation to prioritize safer options like large public or private banks for emergency fund deposits. Listener queries include Raj Krishan (name changed), who asks if his family’s net worth of INR 7 crore, along with other resources, is sufficient to support his upcoming career switch to entrepreneurship. Another listener, Smitha, shares concerns about financial stability after returning from Australia and asks for guidance on managing property inheritance and finding employment in India. Lastly, Kumarjit inquires about how to choose a reliable financial planner, seeking clarity on professional credentials and fee structures. Chapters: (0:34 - 4:44) Why Inflation is Not Coming Down   (4:45 - 6:48) Why Are Food Prices So High?   (6:49 - 8:27) The Risk of Cooperative Bank Deposits (8:30 - 10:42) Is It Financially Secure Enough to Start a Business?   (10:44 - 13:37) Should You Stay in India or Return to Australia for Financial Stability?   (13:41 - 16:47) How to Choose a Financial Planner? https://www.amfiindia.com/locate-your-nearest-mutual-fund-distributor-details https://aria.org.in/  If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management ⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠ Monika’s book on mutual funds ⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠ Monika’s workbook on recording your financial life ⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠ Calculators ⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠@MonikaHalan⁠⁠⁠ Instagram ⁠⁠⁠@MonikaHalan⁠⁠⁠ Facebook ⁠⁠⁠@MonikaHalan⁠⁠⁠ LinkedIn ⁠⁠@MonikaHalan⁠⁠ Production House: ⁠⁠www.inoutcreatives.com⁠⁠ Production Assistant:⁠⁠ Anshika Gogoi⁠

In this episode, Monika explores the potential impact of a Trump presidency on the cryptocurrency market. Following recent U.S. election results, the crypto industry celebrated as Donald Trump returns to the White House as the 47th President of the United States, prompting a sharp rise in Bitcoin and other cryptocurrency prices. Many in the industry expect a more relaxed regulatory approach under Trump, including his proposal for a federal reserve of Bitcoin, which could position Bitcoin as a recognized asset if a major country begins to hold it in its reserves. She explains the concept of national reserves, which are assets held by central banks, like the Federal Reserve in the U.S. or the RBI in India, and typically include hard currencies and assets like gold. Adding Bitcoin to this mix would represent a significant shift, potentially complicating the Fed’s role in managing the money supply and interest rates. Monika cautions listeners about the risks of investing in an asset that isn’t regulated in India. Monika addresses a common question from her followers: Are systematic investment plans (SIPs) still a viable strategy? While some argue that SIPs may not yield strong long-term gains, she clarifies that SIP performance depends on the quality of the mutual fund chosen and a long-term investment horizon. Although Sensex and Nifty have returned around 23% per year in recent years, she reminds investors that returns tend to normalize to historical averages of 12-14% annually. In listener queries, Sarvesh Sinha (name changed) seeks advice on whether to use funds from underperforming mutual funds to pay off a personal loan he took to help a family member. Shivanand Patil wonders if he should redirect SIP contributions to pay off his home loan sooner. Lastly, Rohit Kumar (name changed) asks about adding gold and international investments to his portfolio. Chapters: (0:33 - 3:51) Trump, Bitcoin, and the Future of Crypto Reserves (3:52 - 6:47) Are SIPs Still Effective for Long-Term Growth in Indian Markets?   (7:11 - 9:19) Family Loans: Head vs Heart in Financial Decisions (9:24 - 12:04) Balancing Debt Repayment and Investment Contributions   (12:11 - 15:02) Gold Funds, SIPs, and Safe International Investments If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com Monika’s book on basic money management ⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠ Monika’s book on mutual funds ⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠ Monika’s workbook on recording your financial life ⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠ Calculators ⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠@MonikaHalan⁠⁠ Instagram ⁠⁠@MonikaHalan⁠⁠ Facebook ⁠⁠@MonikaHalan⁠⁠ LinkedIn ⁠@MonikaHalan⁠ Production House: ⁠www.inoutcreatives.com⁠ Production Assistant:⁠ Anshika Gogoi

In this episode, Monika explains why Indian stock markets, after a four-year bull run, are now experiencing choppy waters. She discusses how markets sometimes grow ahead of the economy’s fundamentals, leading to short-term volatility. She highlights that while Sensex has returned a remarkable 23% per year over the last four years, long-term averages show more moderate returns. Investors should prepare for lower returns in the near future, possibly high single digits or low double digits, aligning with historical averages. Monika also examines the role of Foreign Institutional Investors (FIIs) in recent market fluctuations. FIIs withdrew over Rs 88,000 crore from Indian equities in October 2024, partly to rebalance portfolios and shift funds back to the US amid election uncertainties. However, she notes that strong domestic investments through mutual funds and retirement accounts have cushioned the impact, preventing a larger market drop. Monika advises investors to stay focused on asset allocation rather than reacting to short-term FII moves. The episode also addresses estate planning, with Monika stressing the importance of preparing an efficient asset handover. She recommends essential steps, like naming nominees on all financial accounts, keeping property documents accessible, and writing a registered will. By organizing assets now, families can avoid unnecessary stress and financial setbacks later on. In listener queries, Richa Kukreja, a single working woman, seeks guidance on building a retirement corpus of INR 5 crore by age 60 through mutual funds. Sahil Kapoor from Dallas asks about tracking mutual fund returns and whether XIRR or annualized returns are more effective for this purpose. Lastly, Vidya, nearing retirement, shares her concerns about protecting her investments amidst global uncertainties and the potential impact on her mutual fund portfolio. Chapters: (0:41 - 5:01) Why Are Indian Markets Choppy? Understanding the Current Market Pullback (5:02 - 7:06) Dealing with Death: Estate Planning and Asset Handover (7:10 - 10:46)  Building a Retirement Corpus with SIPs   (10:48 - 15:59)  Annualized Returns   (16:02 - 18:58) Protecting Investments in Uncertain Global Events https://www.amazon.in/Factfulness-Reasons-Wrong-Things-Better/dp/1473637465  If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds ⁠www.monikahalan.com/lets-talk-mutual-funds/⁠ ⁠-funds/⁠ Monika’s workbook on recording your financial life ⁠www.monikahalan.com/lets-talk-legacy/⁠ Calculators ⁠investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠ LinkedIn ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠ Production House:⁠⁠⁠ www.inoutcreatives.com⁠⁠⁠ Production Assistant: ⁠⁠⁠⁠Anshika Gogoi⁠⁠

In this episode, Monika discusses the protests by life insurance agents against recent policy changes favoring policyholders. Insurance agents, news reports say, are upset over reduced commissions and clawbacks due to new IRDAI rules that allow investors to keep more money when surrendering policies early. Effective from October 1, 2024, these changes aim to protect policyholders from harsh penalties while addressing mis-selling issues. Monika views these shifts positively for investors and recommends opting for term policies and direct investments over bundled insurance plans. The episode also addresses the question of whether young people in their 20s and 30s should buy or rent a home. Monika advises that purchasing should only occur if one plans to stay long-term, as real estate is not an ideal investment due to low rental yields and variable appreciation. For those seeking flexibility in their careers, renting is often a smarter choice. She emphasizes the financial trade-offs involved in this decision, noting that buying early may limit career opportunities. In listener queries, Nripjit Singh Chawla asks if he should redeem his equity mutual fund investments for an index fund. Monika advises against rushing this decision and suggests evaluating the current portfolio first. Dr. Abhinabha Saha, a 26-year-old doctor from Kolkata, wonders whether to take a loan for an MBA or use investments. Monika recommends a mix of both to balance costs. Lastly, Chandan Kundapur from the US seeks advice on generating monthly cash flow from mutual funds. Monika suggests utilizing a Systematic Withdrawal Plan (SWP) and consulting a financial planner for international relocation. Chapters: (0:33 - 5:57) Protests by Life Insurance Agents and Policy Changes   (5:58 - 9:50) The Age-Old Question: Should You Buy or Rent?   (9:54 - 11:40)  Should I Switch From Equity Mutual Funds to Index Funds?   (11:41 - 13:15) Financing an MBA with Loans vs. Investments   (13:17 - 15:07) Generating Monthly Cash Flow from Investments   https://www.hindustantimes.com/opinion/irdai-signs-off-on-investor-gouging-101711633140902.html https://www.moneycontrol.com/news/business/personal-finance/lic-agents-associations-up-in-arms-against-lower-commissions-threaten-protests-at-branches-12842876.html https://www.moneycontrol.com/news/business/personal-finance/economic-survey-calls-out-rampant-mis-selling-in-insurance-banking-urges-action-12774625.html If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds ⁠www.monikahalan.com/lets-talk-mutual-funds/⁠ ⁠-funds/⁠ Monika’s workbook on recording your financial life ⁠www.monikahalan.com/lets-talk-legacy/⁠ Calculators ⁠investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠ LinkedIn ⁠⁠⁠@MonikaHalan⁠⁠ Production House:⁠⁠ www.inoutcreatives.com⁠⁠ Production Assistant: ⁠⁠⁠Anshika Gogoi⁠

In this episode, Monika reflects on the Durga Puja week, sharing her joy in visiting pandals while noting the limited news that led to her changing the episode format by addressing five listener questions instead of the usual 3. Anonymous from Bengaluru, nearing retirement, faces the dilemma of paying his sisters Rs 1.2 crore for an inherited home, with suggestions like selling his rental flat or staggering payments over five years. Sachin Gupta from NOIDA, recently laid off at 40, wonders about withdrawing from his EPF for investments; the advice is to continue the job search for 6-12 months. Saurab Roy seeks guidance on increasing SIP contributions with 12 mutual funds, and consolidation to one platform while reducing funds to 8-10 is encouraged. Nayan Paliwal plans to use a windfall bonus for a home down payment in 1.5-2 years, and fixed deposits are recommended for safety. Finally, Amit Kohly, an NRI considering a switch from regular to direct mutual fund plans, is advised on potential tax implications and a gradual transition. This episode emphasizes the importance of informed financial decision-making in balancing family obligations and investment strategies. Chapters: (0:34 - 0:53) Introduction and Format Change (0:55 - 3:47) Dilemma of Paying Sisters for Inherited Property (3:55 - 6:57) Advice on EPF Withdrawal After Job Loss (7:05 - 9:11) Increasing SIP Contributions and Managing Mutual Funds (9:14 - 10:52) Investing a Windfall Bonus for Future Home Purchase (10:54 - 13:0) Switching from Regular to Direct Mutual Fund Plans https://www.epfindia.gov.in/site_en/FAQ.php  If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds ⁠www.monikahalan.com/lets-talk-mutual-funds/⁠ ⁠-funds/⁠ Monika’s workbook on recording your financial life ⁠www.monikahalan.com/lets-talk-legacy/⁠ Calculators ⁠investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠@MonikaHalan⁠⁠⁠ Instagram ⁠⁠⁠@MonikaHalan⁠⁠⁠ Facebook ⁠⁠⁠@MonikaHalan⁠⁠⁠ LinkedIn ⁠⁠@MonikaHalan⁠ Production House:⁠ www.inoutcreatives.com⁠ Production Assistant: ⁠⁠Anshika Gogoi

In this episode, Monika discusses Sebi’s recent announcement of a new mutual fund category for high-net-worth investors. This new category will allow for higher-risk, potentially higher-return products, with a minimum investment of Rs 10 lakh. It aims to expand investment options without increasing risk in the broader market. Monika highlights the current limitations in mutual fund categories and explains how this change will give more flexibility in investment strategies. She will update listeners as more details emerge, especially regarding costs and fees. Next, Monika covers the new rules for transferring financial products like mutual funds, stocks, and listed bonds. Sebi now allows up to 10 nominees and has simplified the inheritance process for easier management by heirs and joint owners, particularly for elderly or incapacitated investors. In listener queries, Dr. Prateek Srivastava faces a dilemma about taking over his mother’s home loan. Monika suggests exploring options like splitting the loan burden between siblings or selling the house to reduce the financial strain while ensuring a valid will is in place. She also advises Shilpa K to keep her emergency fund safe in a large commercial bank rather than chasing higher returns in small finance banks. Lastly, Namit Saxena, who holds 40 mutual fund folios, is encouraged to streamline his portfolio to 6-8 funds, using tax exemptions to rebalance over time. Chapters: (0:32 - 4:47) SEBI’s New Mutual Fund Category for Risk Takers   (4:47 - 5:56) Capital Market Inheritance Made Easier   (6:24 - 10:54) Managing a Home Loan Dilemma   (10:57 - 12:28) Emergency Fund Safety in Small Finance Banks   (12:30 - 14:08) Streamlining a Messy Mutual Fund Portfolio https://www.sebi.gov.in/media-and-notifications/press-releases/sep-2024/sebi-board-meeting_87154.html If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds ⁠www.monikahalan.com/lets-talk-mutual-funds/⁠ ⁠-funds/⁠ Monika’s workbook on recording your financial life ⁠www.monikahalan.com/lets-talk-legacy/⁠ Calculators ⁠investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠@MonikaHalan⁠⁠ Instagram ⁠⁠@MonikaHalan⁠⁠ Facebook ⁠⁠@MonikaHalan⁠⁠ LinkedIn ⁠@MonikaHalan Production House: www.inoutcreatives.com Production Assistant: ⁠Anshika Gogoi

In this episode, Monika discusses recent changes in life insurance policies that have resulted in improved surrender values for policyholders starting October 1, 2024. Previously, policyholders faced harsh penalties for exiting mid-term, but now they can recover more than 70% of their premiums even after the first payment, and nearly 90% after five payments. This is a significant step towards better treatment of investors, though the insurance industry may still try to navigate around these regulations. Next, Monika clarifies that an SWP, or Systematic Withdrawal Plan, is not a standalone product but a method for withdrawing funds from a mutual fund. She emphasizes the importance of understanding how withdrawals can impact overall returns. Lastly, Monika addresses listener queries, including Upasana's concerns about rising expense ratios in her mutual fund, Saurabh's questions about portfolio efficiency concerning capital gains taxes, and Visvesara's search for alternative investments after selling a property. She provides insights and advice to help listeners make informed decisions. Chapters: (00:32 - 00:29) Life Insurance Changes: A Long-Awaited Victory (00:30 - 05:41) Understanding Surrender Value (05:42 - 07:32) Decoding Systematic Withdrawal Plans (SWP) (07:42 - 12:16) Expense Ratios: What You Need to Know (12:19 - 14:25) Evaluating Investment Portfolios: Small Cases and Active Management (14:28 - 17:23) Exploring Real Estate Alternatives https://www.amfiindia.com/investor-corner/knowledge-center/Expense-Ratio.html  https://www.valueresearchonline.com/funds/selector/category/142/hybrid-dynamic-asset-allocation/?end-type=1&exclude=suspended-plans&plan-type=direct&tab=snapshot https://www.valueresearchonline.com/my-investments/  If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management ⁠www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds ⁠www.monikahalan.com/lets-talk-mutual-funds/⁠ ⁠-funds/⁠ Monika’s workbook on recording your financial life www.monikahalan.com/lets-talk-legacy/⁠ Calculators ⁠investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠@MonikaHalan⁠ Instagram ⁠@MonikaHalan⁠ Facebook ⁠@MonikaHalan⁠ LinkedIn @MonikaHalan Production House: inoutcreatives.com Production Assistant: Anshika Gogoi

In this episode, Monika presents an intriguing blend of insights and answers to listener questions. First, she explores how several non-US countries are seeking alternatives to the dollar-based global payment system, particularly regarding cryptocurrency. She clarifies that this discussion isn't an investment recommendation but highlights its implications for the future of global transactions. Next, Monika dives into a micro event: Airtel’s new app-based fixed deposit service that launched on September 1, 2024. This innovation aims to simplify FD investments by allowing users to choose deposits from various banks through an easy-to-use dashboard. She also shares some risks, especially regarding higher interest rates from smaller banks. Finally, Monika addresses three listener questions: one asks whether to pay off a home loan given the changing tax landscape; another inquires about the potential benefits of smart beta funds compared to traditional index ETFs; and the last expresses frustration over unequal investment allocations between spouses, seeking advice on how to handle this with their financial advisor. Chapters: (00:38 - 02:04) Cryptocurrency: Alternative to Dollar-Based Payment Systems (02:06 - 04:24) The Role of Crypto in International Trade: Russia and India (04:26 - 07:17) Fixed Deposits: Airtel's App-Based Investment Service (07:32 - 11:44) Home Loan Decisions: Balancing Tax Benefits and Financial Strategy (11:46 - 15:57) Smart Beta Funds: Understanding Strategy-Based ETFs (15:59 - 18:40) Portfolio Allocation Issues: A Case Study on Gender Bias in Financial Advisory If you have financial questions that you’d like answers for, please email us at ⁠mailme@monikahalan.com⁠  Monika’s book on basic money management www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds www.monikahalan.com/lets-talk-mutual-funds/⁠ ⁠-funds/⁠ Monika’s workbook on recording your financial life www.monikahalan.com/lets-talk-legacy/⁠ Calculators investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠@MonikaHalan⁠ Instagram ⁠@MonikaHalan⁠ Facebook ⁠@MonikaHalan⁠ LinkedIn @MonikaHalan Production House: www.inoutcreatives.com Production Assistant: Anshika Gogoi Fixed Deposit Home Page - Airtel Ayushman Bharat scheme: Why senior citizens over 70 need separate health insurance covers despite PM-JAY (moneycontrol.com) https://cleartax.in/s/section-115bac-features-new-tax-regime-benefits https://cleartax.in/s/old-tax-regime-vs-new-tax-regime Can smart beta funds deliver on their promise of low risk, high returns? (moneycontrol.com) Nifty200 Momentum 30 (niftyindices.com) Strategy Indices (niftyindices.com) india.fpsb.org/contact/

Monika brings a new format to her podcast from this episode onwards. She will first tell you what a macro event means for you. This episode she tells you the impact of government spending on GDP growth and how that matters in your financial life. Then she will unpack a micro event. This week it is the changes in the Public Provident Fund that go live from October 1 2024.  She then answers three listener questions. The first one has to do with when to sell in a bull market.  Next is a question on shifting to a more tax advantaged product than debt funds. And last, a worry about planning mutual fund investments so that the kids can get the money without having to sell the funds. Chapters: (00:35 - 03:47) Government Spending and Its Impact on GDP Growth (03:48 - 07:12) Changes to Public Provident Fund (PPF) Rules and Consolidating Financial Accounts (07:47 - 10:49) When to Sell in a Bull Market and the Importance of Asset Allocation (11:11 - 14:18) Shifting from Debt Funds to Arbitrage or Equity-Saving Schemes Post-Tax Changes (14:25 – 17:17) Legacy Planning and Managing Expectations for Children's Inheritance If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com Monika’s book on basic money management ⁠https://www.monikahalan.com/lets-talk-money-english/⁠ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Monika’s workbook on recording your financial life ⁠https://www.monikahalan.com/lets-talk-legacy/⁠ Calculators ⁠https://investor.sebi.gov.in/calculators/index.html⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠@MonikaHalan⁠ Instagram ⁠@MonikaHalan⁠ Facebook ⁠@MonikaHalan⁠ LinkedIn @MonikaHalan Production House: www.inoutcreatives.com Production Assistant: Anshika Gogoi

From the challenge of starting one's financial journey to the intricacies of portfolio creation and the looming concern of retirement, Monika Halan addresses the most common money worries listeners have shared throughout the show. Tune in to learn why it's never too late to begin managing your money, the importance of diversified investments, and how to avoid common pitfalls with insurance products.  Monika also tackles pertinent questions about how to ensure financial security while working in a family business, whether you should get out of your insurance policy or see it through, health insurance for those with pre-existing diseases, and why you should not place emergency funds in cooperative and small-scale banks. Chapters: (00:31 - 07:29) Common Money Worries (07:43 - 09:42) Financial Security While Working in a Family Business (09:45 - 11:06) Should You Opt Out Of Your Insurance Policy? (11:08 - 12:05) Health Insurance with a Pre-existing Disease (12:07 - 13:19) Storing Emergency Funds in Small Scale Banks If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s column on the issue https://www.hindustantimes.com/opinion/eat-the-rich-but-do-it-in-a-logical-way-101719846246923.html Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ -funds/ Monika’s workbook on recording your financial life https://www.monikahalan.com/lets-talk-legacy/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta

In this episode, Monika Halan demystifies the concept of debt in investing. Learn how familiar products like bank FDs, bonds, and PPF fit into your financial strategy, providing stability and assured returns. Monika explains the role of debt products in balancing your portfolio and offers insights into using bond funds for various financial goals. Tune in to understand the nuances of debt investing and how it complements equity for a well-rounded portfolio. Monika also answers questions about whether you should invest in the NPS if one is already contributing to EPF, how to firm up your allocation and retirement corpus before marriage, and how to invest your gratuity amount for a short term duration.  Chapters: (00:31 - 05:15) The Importance Of Debt Products  (05:31 - 07:04) EPF vs NPS (07:07 - 08:52) Building A Corpus Before Marriage (08:53 - 11:11) Investing For Short Term If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Monika’s workbook on recording your financial life https://www.monikahalan.com/lets-talk-legacy/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta

Today, Monika addresses the critical issue of women and financial independence. She discusses how women have traditionally used methods like kitty parties and gold investments to secure their finances. Monika emphasises the importance of women transitioning to formal financial products like PPF and mutual funds, and provides actionable steps for women to build their financial security and take control of their assets.  Monika also answers your questions about investing in Mutual Funds over ULIPs and what to look for when selecting a fund, how to teach financial literacy to your kids, whether it’s wise to open a demat account in the name of non-earning family members, and opting for mutual funds over exchange traded funds. Chapters: (00:31 - 04:38) Women Take Control Of Money (04:51 - 07:10) When Selecting A Fund (07:13 - 08:03) Financial Literacy For Kids (08:05 - 09:27) Opening A Demat Account In Someone Else’s Name (09:30 - 11:25) Mutual Funds vs Exchange Traded Funds If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Monika’s workbook on recording your financial life https://www.monikahalan.com/lets-talk-legacy/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta

In this episode of Let's Talk Money, Monika Halan breaks down what loss aversion is, and how it affects our financial decisions. She explains how simple nudges can help us overcome irrational behaviours and make better financial choices. Monika shares practical tips for organising finances and setting saving goals, along with examples of successful state-sponsored programs. Monika also answers your questions about the pros and cons of opting for a Portfolio Management Scheme over Mutual Funds, asset allocations in equity and debt for someone working in the IT industry, and why one should opt for the broad market index funds. Chapters: (00:31 - 05:48) Personal Nudges For Better Money Decisions (06:01 - 07:40) Portfolio Management Scheme vs. Mutual Funds (07:42 - 10:52) Reworking Your Asset Allocation (10:54 - 12:00) Why Broad Market Index Funds? If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ -funds/ Monika’s workbook on recording your financial life https://www.monikahalan.com/lets-talk-legacy/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta

In this episode, Monika dives into the key highlights and implications of India's Budget 2024. Discover how the new tax slabs and increased standard deductions will affect the middle class, the changes in capital gains taxes, and what they mean for your investments. Monika also explores the government's steps towards job creation, the regulation of the futures and options market, and the broader impact of these measures on everyday life.This week, Monika takes on concerns from the team about the Budget! She answers questions about losing out on real estate indexation, how the Budget impacts small business owners, and things we should keep in mind with the revised capital gains taxes. Chapters: (00:31 - 08:09) The Budget Story in 2024  (08:25 - 09:35) Tweaking Investments based on New Capital Gains Taxes (09:38 - 11:22) New Indexation Laws for Real Estate (11:24 - 12:47) Budget Impact on Small Owners (12:50 - 13:30) Is it a Good Time to Buy a Car? If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s column on the issue https://www.hindustantimes.com/opinion/eat-the-rich-but-do-it-in-a-logical-way-101719846246923.html Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ -funds/ Monika’s workbook on recording your financial life https://www.monikahalan.com/lets-talk-legacy/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta

We have a special episode for you this week! Monika Halan sits down with Ashwani Bhatia, a whole time member (WTM) of the Securities and Exchange Board of India (SEBI), to delve into the measures and strategies SEBI employs to protect investor interests in an ever-evolving market landscape. They discuss the role of SEBI in maintaining market integrity, the importance of investor education, and the steps being taken to combat financial fraud. Tune in to understand how SEBI's regulatory framework adapts to changing market dynamics and what investors can do to safeguard their investments. Chapters: (00:31 - 03:35) Introduction (03:35 - 05:42) The Need for SEBI (05:42 - 07:21) How was SEBI Established?  (07:21 - 10:34) How has the Market Changed? (10:34 - 14:43) Roles and Responsibilities (14:43 - 22:06) Psychology of Retail Investors and Day Traders (22:06 - 26:18) The Rise of Retail Money (26:18 - 31:50) Advice for Investors to Protect against Scams (31:50 - 33:55) What can Investors Expect from SEBI? To know more about the Securities and Exchange Board of India, head to https://www.sebi.gov.in/ The company analysis site Ashwani refers to https://www.screener.in/ If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Monika’s workbook on recording your financial life https://www.monikahalan.com/lets-talk-legacy/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta

Today, Monika dives into the complexities of managing finances in a joint family setup. From sharing expenses and building personal assets to ensuring proper insurance and drafting a Will, she offers practical advice to help you navigate the financial dynamics of living with extended family. With real-life stories of both pitfalls and successes, Monika guides you on how to balance love, responsibility, and financial independence within the family. Tune in for essential tips on maintaining harmony and securing your financial future amidst the challenges of joint family living. Monika also tackles pertinent questions about how to get your finances in order before marriage, whether or not you should invest in the NPS if you already have an EPF, and whether broad market indices can be manipulated to your benefit. Chapters: (00:31 - 04:21) Finances in Joint Families (04:36 - 07:45) Streamlining Finances and Investments Before Marriage (07:48 - 08:54) Should You Invest in the NPS? (08:56 - 11:28) Investing in Broad Market Indices If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com  Monika’s column on the issue https://www.livemint.com/Money/bTh6OKNzSIv1slJFyyYGvL/Joint-family-finances-minefield-of-embedded-emotional-bombs.html Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta