Mutual Fund Queries

In which AMCs other than Edelweiss the prepaid SIP mode of investment is available

In which AMCs, other than Edelweiss, the prepaid SIP mode of investment is available?

Aug 16, 2016 by Pranav Kumar Tewari, Patna | Mutual Fund

To the best of our knowledge, there is no other AMC which is offering exactly the same features and works the same way as prepaid SIP of Edelweiss Mutual Fund. However few AMCs also offers some... Read More

Is it possible to close SIP before the committed time frame

Is it possible to close SIP before the committed time frame? For example if I commit to do SIP for 10 years and unfortunately I don't have funds for SIP after 8 years. What should happen?

Aug 16, 2016 by Bharat, Gurgaon | Mutual Fund

Yes, you can close your SIPs any time you wish and it has nothing to do with the time period you have chosen. Just writing a letter with details of folio number, scheme name and the amount to the respective... Read More

If investor invest Rs. 10 Lakhs in a balanced fund what would be the value after 3 years post SWP of Rs. 7500 per month

If investor invest Rs. 1000000 on balanced fund with SWP OF Rs. 7500 pm and withdraw total amount after 3 years what will be his refund value?

Aug 16, 2016 by Biswaranjan Das, | Mutual Fund

It is very difficult to tell what would be the total corpus at the end of 3 years after withdrawing Rs. 7500 per month through SWP route from a balanced fund wherein the investor has invested Rs. 10 Lakhs... Read More

I was under the impression that SIP in ELSS funds had been disallowed by SEBI

I was under the impression that SIP in ELSS funds had been disallowed by SEBI?

Aug 12, 2016 by Devinder Singh Dhaliwal, | Mutual Fund

Glad that you get to know from us that SIP in ELSS fund is allowed. In fact, SIP is allowed in all the open ended funds irrespective of fund category. SIP in ELSS is very popular amongst retail investors... Read More

Can you review my SIP portfolio and tell me whether I am going on the right direction

Can you review my portfolio and tell me whether I am going on right direction Below is my SIP under different scheme. Birla Sun Life Frontline Equity Fund (G) - 2000, ICICI Prudential Focused Bluechip Equity Fund (G) - 1000, ICICI Prudential Value Discovery Fund - Regular Plan (G) - 1000, Mirae Asset Emerging Bluechip Fund (G) - 1000, Tata Balanced Fund - Regular Plan (G) - 1500, Canara Robeco Emerging Equities (G) - 1000, DSP BlackRock Micro Cap Fund - Regular Plan (G) - 1000, I am going to continue there sIP's more than 10 years kindly suggest? And if I want to do more investment should I go with the same SIP's or different?

Aug 12, 2016 by Deepak, Kalyan | Mutual Fund

Your fund selection for doing long term SIPs is good. The selection is well spread into top performing balanced, large cap, mid & small cap and diversified equity funds. We have reviewed some of these funds... Read More

I have recently started my work as an IFA and want to know if there is any institute in GOA for IFA training

I have recently started my work as IFA. I just wanted to know if there are any institutes in GOA which impart training for the new IFAs?

Aug 12, 2016 by Narvenkar, | Mutual Fund

We are not aware about any dedicated institute which trains IFAs in GOA. However, we suggest you to speak to AMCs with whom you are already registered as they keep on conducting training programs locally... Read More

Please suggest if my selection of debt funds is right or not

I have selected two debt funds, Birla Sunlife Dynamic Bond Fund - G for 3 years and ICICI pru Monthly Income Plan for 5 years period for an investment of Rs. 5 lakhs each. Please suggest whether my selections are correct or not?

Aug 11, 2016 by Basudev, Barbil | Mutual Fund

Your fund selection is fine and also the time horizon that you have for both the funds. However, please note that ICICI Prudential Monthly Income Plan is not a pure Debt Fund. It is a Hybrid Debt Oriented... Read More

Please advise if my mutual fund portfolio is good or it needs any change

Please advise if my portfolio is good or it needs any change. I have mentioned following funds: 1. BSL Frontline Equity Growth, 2. ICICI Prudential Dynamic Plan Growth, 3. HDFC TOP 200 Regular, 4. DSP Micro Cap Fund, 5. DSP BR Top 100, 6. Kotak Emerging Equity, 7. ICICI Prudential Balanced Fund - Regular, 8. IDFC Premier Equity Plan?

Aug 11, 2016 by Harsh Bhatia, Ludhiana | Mutual Fund

Had we knew your risk taking appetite, we would have been in a better position to answer your query. But generally speaking the funds in your portfolio are good and spread over balanced, dynamic, diversified, large... Read More

Can you please check my Mutual Fund SIPs and lumpsum investments and if they are aligned with my goal

My age is 45 years & investment is as following; SIP: 1. HDFC Midcap Opportunity Fund {G}: Rs. 5000, 2. ICICI Pru Focus Blue Chip {G}: Rs. 5000, 3. ICICI Pru Value Discovery Fund {G}: Rs. 5000, 4. UTI Equity {G}: Rs. 5000, 5. UTI Midcap {G}: Rs. 5000, 6. Birla Sunlife Equity {G} Rs. 5000, 7. Birla Sunlife MNC {G} Rs. 5000, 8. Reliance Equity Opportunity {G} Rs. 5000, 9. DSP BlackRock Micro Cap {G} Rs. 2000. All SIP's are from last one year. Lumpsum Rs. 250000 in Birla Sunlife Frontline Equity {G} since last 6 months. PPF : Rs. 25000 per year. Insurance: 35 Lakhs {Sum assured}. My targets: 1. Rs. 10 Lakhs in June 2018 for child education? 2. Rs. 15 Lakhs in 2021 for second child education? 3. Rs. 30 Lakhs for their marriage in 2026? 4. Rs. 1 Crore in 2027 for retirement?

Aug 9, 2016 by Sharad Gahandule, Manmad | Mutual Fund

In a few lines you have put up a big query which we would have answered in a better way if we had few more details. Anyways, following is our assessment of your current investments and if these are... Read More

Please help me as HDFC Bank has routed my HDFC Prudence direct application under their ARN

I submitted an application form around 26th July for purchase of HDFC Prudence Mutual Fund and mentioned clearly that the application is for direct plan but they gave me regular plan. I had given the application to HDFC Bank and they told me it will be sent to HDFC MF for action. After that there has been no word from them in this regard, not even a mail confirming what has been the allotment details. Today my wife received a mail from NSDL giving details of all her holdings and from there I came to know thy have allotted her units under regular plan meaning the commission has gone to HDFC Bank. What can I do about this. I feel I have been cheated by HDFC Bank. Kindly advise if I can go to SEBI with this complaint. Your considered response will help us make a move in the right direction?

Aug 9, 2016 by Anis Mohiuddin, Kolkata | Mutual Fund

At the first place, we could not understand how you gave your DIRECT application of HDFC Prudence fund to HDFC Bank? HDFC Bank is a mutual fund distributor and maybe you have taken the application... Read More