General Queries

Please explain the significance of Dollar Index and how it is crucial for Indian and Global Markets

Significance of Doller index may please be explained. It is crucial factor for market and Indian/global economy. Kindly explain why and how?

May 11, 2016 by Ramesh B, Vadodara | General

What is dollar index? Dollar index is the index of values of US dollar relative to a basket of foreign currencies. The basket of currencies include Euro, Pound sterling (GBP), Canadian Dollar (CAD), Swiss Franc... Read More

Please provide the download option for Rolling Return results in tabular format

The tabular format should have an option to download in spreadsheet. There are several pages and knowing the lowest and highest return is really a cumbersome work?

May 11, 2016 by Nagaraj, | General

I am sorry as currently we are not providing the download option. But, we maybe doing it in future. Meanwhile, we suggest that you use the graph format which shows the Rolling Return of the selected fund... Read More

Should I buy land or reduce my home loan EMI

Bought apartment in chennai worth 51 lacs..paid initial payment 10 lacs.. We also have 14lacs in hand now. Can we buy a plot with the 14 lacs and sell it later for good amount and repay the home loan. or shall we pay the 14 lacs now itself including 10lacs we paid and decrease the home loan repaying years.please suggest....

Apr 28, 2016 by swapna, chennai | General

It makes more sense to pay off as much as possible for the apartment that you have bought and reduce the monthly EMI. The reduced EMI will help you plan your finances better and earn superior return... Read More

I want to purchase Rajiv Gandhi Equity Savings for income tax rebate over and above 80cc Rs. 1.5 Lacs

I want to purchase Rajiv Gandhi Equity Savings for income tax rebate over and above 80cc Rs. 1.5 Lacs?

Apr 21, 2016 by T Gurunadham, Indore | General

Please note that currently there is no scheme in this category open for subscription... Read More

Should I forget my Mutual Fund investments for next 20 years and then start SWP for retirement

I am NRI aged 32 now, shifted to India with my all savings and starting IT Software Business in India. Currently, I have invested 40,00,000 lump sum investment in top large cap, mid cap and small cap funds. And I am doing SIP of 20,000 rupees per month for next 20 years. I am staying with my dad in his house and owned car. I am married and going to be Dad this year. Overall, I don't have any major expenses for next 20 years. I got some questions for my investments now. 1. Should I keep my all savings in mutual funds or invest in Real estate as well? 2. What about be my correct asset allocation for me? Currently I have 90% investment in Equities and 10% cash in Banks to apply for good IPOs. 3. How much money I would required total to retire in age of 50 (18 more years to go from now)? 4. Is it good idea for forget my mutual funds investment for next 20 years and then start SWP from mutual fund and go on my retirement?

Apr 12, 2016 by Ashish Pandya, | General

What will be the purpose of your real estate investment? Will you invest in a house to earn rental income, get capital appreciation or for your family’s use? If you want to buy a house for your family’s use, then... Read More

Can I open a New PPF Account in April 2016. I have been living in US and also in India for last few years

Could you please suggest me can I open New PPF Account in April 2016 for me for below case and continue till 15 years. Note: Till today Only I spent time in US. Case: As per My Passport Details My US Spent Time: 30Jun/2014 - 08Sept/2014, 23Nov/2014 - 08Nov/2015, 08Dec/2015 - 13Feb/2016. Again I have plan to go US end of April 2016 for few years with my entire family but would keep on visiting India for 1 or 2 month once in a year. And after few years like 3 or 4 years I will permanently come to India?

Apr 4, 2016 by Bhagwati, Bhilwara | General

Firstly, to open a PPF account you need to be a resident Indian. Non resident Indians cannot open PPF accounts. The question therefore, is whether you are a resident Indian? Under Section 6 of Income Tax Act... Read More

I am expecting daily new articles, knowledge bytes, fund manager's views on market, product etc on your website

Dear Team, I am expecting daily new articles, knowledge bytes, fund manager's views on market, product etc on your website. It helps us to take important investment decisions. So please do the needful?

Mar 29, 2016 by Pravin, Kolhapur | General

Thanks for writing to us. Please follow us and visit our website www.advisorkhoj.com regularly to keep yourself updated with the information that you are looking for... Read More

I have a home loan of 5 lacs remaining and repaying 18000 every month but my interest outgo is very high

I have a home loan of 5 lacs remaining. I am repaying 18,000 every month. On calculation I found that I am paying 65,000 interest nearly. My age is 54 years and I am earning nearly 75,000 net per month. Now I want to know weather I can close my home loan at this stage? I will be free of 18,000 installment per month and thinking to divert the amount for Mutual Funds. Is it beneficial? I calculate that if I continue the home loan it will be cleared in 3 years. But I will be paying nearly 2 lacs of Interest for that. But may have to pay more tax I think. please advise?

Mar 14, 2016 by Sarma, Hyderabad | General

You have analyzed your home loan situation very well and therefore we think that the answer is quite obvious. You can claim income tax deduction on your entire payment. Your total interest payment over the next... Read More

Can you please suggest a Pure Term Insurance Plan (Lumpsum Payout) and one Family Floater Health Insurance for us

I am a 24 years old working lady recently Married. We want to take Term Plan of 1 Cr each & Health Insurance of 15 Lakh SA for both of us. We were looking for the same in internet and have came across many plans but could not decide which one to go for. Can you please suggest a Pure Term Insurance Plan (Lumpsum Payout) and one Family Floater Health Insurance for us? My husband is 29 years old and have a smoking habit. Also can you please review:- 1. Max Bupa Health Companion (Family Floater), 2. ICICI iProtect Smart Term Plan, 3. Max Life Term Plan. Whether can we go for this plan?

Mar 14, 2016 by Riya Nayek, Kolkata | General

We do not give specific life or health insurance advice. We have discussed how to select the best term plans in our article, How to select the best term life insurance plan for you. Please go through the article... Read More

I work in IT sector and wants to invest for tax saving health Insurance and for buying a car

I work in IT sector with 33-38k salary/month, Age: 25. I have a surplus of 10-15k per month, From April, 2016 on wards. I plan to invest about 4k/month in Recurring Deposit; another 3k/month in Axis Long Term Equity SIP. I don't have any health/life insurances. I wish to have 5 lakhs separate for a car maybe 5-6 years down the line. Could you please suggest where else could I invest my money or how to plan my investments in total?

Feb 22, 2016 by Alex, Bangalore | General

It is good that you have started planning your investments at a young age. This will go a long way in ensuring that you meet your different financial goals. The investments that you are planning will bring you to an... Read More