Mutual Fund Queries

Is the benchmark uniform for all balanced funds or there is any other benchmark for balanced funds

Some balanced fund schemes mention benchmark as 'aggressive balanced fund index'. Is the benchmark uniform for all balanced funds or there is any other benchmark for balanced fund? (other than 'aggressive balanced fund index'). Kindly clarify?

Aug 1, 2016 by Ramesh B, Vadodara | Mutual Fund

Your query is about Hybrid equity oriented balanced funds. Yes, our research shows most of the funds in this category use CRISIL Balanced Fund Aggressive Index as their benchmark... Read More

Please let me know the exam to be passed for becoming advisor

Please let me know the exam to be passed for becoming advisor?

Aug 1, 2016 by Surendra S Puranik, | Mutual Fund

It seems your query is related to becoming a mutual fund advisor, right? Please read through the following wherein we have given the complete details... Read More

Query regarding Mutual Fund investment in SIP mode for US & Canada NRIs

I started SIP in SBI/ICICI/HDFC/IDFC and UTI mutual funds in 2013 while I was in India and still continuing. Today, my status has changed to NRI (US/Canada based). How should I reshuffle my SIPs so that I am legally invested and FATCA complied? As per the forum, UTI and SBI are accepting investors from US/Canada now. What should I do with ICICI/HDFC/IDFC funds which are already there in my portfolio? How do I update my NRI status in all the mutual fund house? Please suggest?

Aug 1, 2016 by Raju, | Mutual Fund

As your status has changed from resident individual investor to NRI (US/Canada), you should inform this to the respective AMCs. You will also have to submit revises KYC and FATCA forms. In the FATCA... Read More

In case if I have to redeem debt funds before 36months then will I have to pay tax

If I invest INR1000000 (Ten Lacs) in my sons name who is major studying in college, in one of the income funds for the expenses of his studies. In case if I have to redeem units before 36months then will he have to pay tax on short term capital gain. He is got no other source of income. Please advise?

Jul 27, 2016 by Nitin, Mumbai | Mutual Fund

Units held in debt mutual funds for less than 36 months will be treated as short term and will be taxed according to the income tax slab rate your son is falling in. Over and above this 15% surcharge and 3% Cess... Read More

I have corpus of 45 Lakhs from which I need 30000 income per month with capital protection

I am taking sabbatical and have corpus of 45L, from which I need 30000 income per month at least for next 1 year, but at the same time my capital should be protected. Please suggests mutual funds to invest?

Jul 26, 2016 by Shunyam Teja, Thane | Mutual Fund

You may invest in liquid funds as you want capital protection. Ideally you should put Rs. 45,00,000 in a liquid fund and sign SWP mandate for the fixed monthly withdrawal amount... Read More

I joined as sub broker NJ INDIA but here my commission is not comparable with LIC agency

I recently join as sub broker with NJ India but here I not seen commission income with compare with LIC agency where I get 15 lakh annual income and I have customer base of 3000 nearby. My questions is my sub broker decision is write your wrong, and what I have to do for better performance in mutual fund. Here I also cleared that my customers base is rural area?

Jul 25, 2016 by Paresh Navik, Amalsad | Mutual Fund

You have joined one of the best organisations to pursue mutual fund distributorship. Please note that the earnings from mutual funds and LIC commission can not be compared as these are different products as... Read More

How can I invest in equity based MF which give regular dividends

I shall be retiring next year. A major portion of PF and Gratuity portion I want to Invest in equity based MF which give regular dividend, preferably MF with 100% equity fund. I want to avoid interest income as the same free from risk and against tenets of Quarn. Investment should have element of risk. Please advise?

Jul 25, 2016 by Mohammad Wasim, Asansol | Mutual Fund

Glad that you want to invest in good dividend paying equity mutual funds. We are also glad to note that you already have an idea that equity investing comes with risk. To know more about equity funds giving good... Read More

Very helpful website for mutual funds knowledge. Please send SWP topic for a lumsum investment

Very helpful sight for a mutual funds knowledge. please send SWP topic for a lumsum investment?

Jul 25, 2016 by Saurabh Sharma, | Mutual Fund

Thanks for the kind words. We have done some articles on SWP from lumpsum investments in equity and balanced mutual funds. You can have a look at them... Read More

What are debt fund advantages over bank fixed deposits and the risk factor in debt funds

I want to deposit in Debt Funds. Are debt funds advantage over bank fixed deposits. What is the risk factor in debt funds?

Jul 25, 2016 by Venkatachalam, Erode | Mutual Fund

Thanks for writing to us. If you read the following three articles, I am sure not only your query will be answered, you will also get to know everything about debt mutual fund investing... Read More

Why so many Investors withdraw their money after 5 years of completion of SIP

There are so many Investors who withdraws their money after 5yrs completion of SIP and again open SIP for another 5yrs as Returns More than PO R/D. But unable to convince them to stay?

Jul 25, 2016 by Sanjib, | Mutual Fund

As an advisor, we think, it is your duty to hand hold the investor to keep him stay invested in SIPs for the long term. Our understanding is that mostly the advisors suggest doing SIPs for 5 years and therefore... Read More