Mutual Fund Queries

I want to invest in mutual funds for my retirement corpus

I am interested in investing in mutual funds. My age is 31 and I am looking for long term 10-15 yrs. I am trying to collect funds for my retirement. I did some research and short listed the following funds. Would you be kind enough to tell me which one to go for? 1. SBI Bluechip Fund - Growth - Large Cap, Axis Long Term Equity Fund - Equity Tax Planning, 3. ICICI Prudential Value Discovery Fund - Diversified, Franklin India Prima Plus - Growth - Diversified Equity, 4. DSP BlackRock Micro Cap Fund - Regular - Growth - Small & Mid Cap, 5. Mirae Asset Emerging Bluechip Fund - Small & Mid Cap, 6. Franklin India Smaller Companies Fund - Small & Mid Cap. My next question is how to buy these mutual funds?

Jun 4, 2016 by Allen Kuruvilla, | Mutual Fund

It is heartening to note that you want to invest in Mutual Funds through Systematic route for your retirement corpus. Congratulations! The funds selected by you are well performing and you may go ahead... Read More

Let me know the expected return of my SIPs after 10 years

I am having following SIP's for 10 years. Please let me know if I should continue or change: 1. Franklin india high growth companies fund - Dividend Rs 5000, 2. Franklin India Smaller Companies Fund - Dividend Rs 5000, 3. Franklin India Prima Fund - Dividend Rs 5000, 4. Reliance Small Cap Fund - Dividend Rs 3000, 5. ICICI Prudential Value Discovery Fund - Regular Dividend Rs 5000, 6. HDFC Midcap Opportunities Fund - Dividend Rs 5000. Also let me know expected return after 10 years?

May 10, 2016 by Prakash Kadne, Mumbai | Mutual Fund

You have selected the right schemes for your SIPs. You are investing Rs. 28,000 per month through SIPs and want to continue it for 10 years. The expected rate of returns could range from 12 – 15% atleast... Read More

Am I doing well with my finances or do I need to reshuffle my portfolio

I am 27 years old investing in following MFs every month through SIP. Total investment per month is 18K. 1) Axis Long Term Equity - 7000, 2) Reliance Tax Saver - 2000, 3) SBI Bluechip Fund(G) - 3000, 4) HFDC Balanced Fund(G) - 3000, 5) Birla SL Dynamic Bond Fund - Retail(G) - 3000. From July onward, I am planning to increase my SIP amount in Reliance Tax Saver by 1K, HDFC Balanced by 2K and SBI Bluechip by 2K. So, the total investment per month will be 23K. I do not have any dedicated goal as such. I am interested in wealth creation over a period of 7-10 years. To deal with short term emergencies I have started maintaining an emergency fund from MAY month onward in which I will contribute roughly 15K per month. I also invest a lumpsum amount in PPF once or twice a year. Am I going well or do I need to shuffle my investments. I will be grateful if you can suggest me on this?

May 9, 2016 by Abhishek Agrawal, Mumbai | Mutual Fund

Here is the point by point reply to your queries – 1. Our heartiest congratulations to you for choosing SIPs for your long term wealth creation. The fund chosen by you are all good performers ( you can check them... Read More

Can I encash the whole amount at once after completion of 10 years of SIP in ELSS

Is it true that in ELSS if tenure is 10 years, then if the first SIP is pay on 1st June, 2016, 2nd on 1st July, 2016, that same first SIP will be encash on 1st June, 2026 & 1st July 2026? Can I encash the whole amount at once (after completion of 10 year term)?

May 9, 2016 by Saikat, Mumbai | Mutual Fund

Please note that lock-in period for ELSS (Equity Linked Saving Scheme) is three years only. Your query is related to investing in ELSS through monthly SIP route for 10 years, right... Read More

For 30 months should I invest in Liquid fund or debt fund to get a safer return

I need to reconstruct/repair my home after 30 months approx. Tell me where can I invest 10k/15K monthly, to get a decent safe Tax free return, Liquid Fund, Debt Fund? Suggest fund houses also?

May 9, 2016 by Saikat, Mumbai | Mutual Fund

If your investment horizon is 30 months then apart from Liquid Funds you may also invest in Arbitrage Funds and Income Funds. Arbitrage Funds offer the investors to earn short term returns by taking minimal or... Read More

Please send AMC wise performances in my email ID

Please send in my email id AMC wise performances?

May 9, 2016 by Mahesh Pinjani, | Mutual Fund

Thanks for writing to us. Please note that from your query it Is not clear what type of performance, which period and for which mode of investments, you need the performances? Therefore, request you to use... Read More

What type of Debt Mutual Funds can I use as an alternative for Fixed Deposits

What type of Debt Mutual fund can i use as an alternative for Fixed deposits. I am ready to stay invested for 3 years, with many types of debt mutual funds its confusing. Can you suggest some funds in which I can put a lumpsum instead of another fixed deposit.

May 7, 2016 by Gopi Dinesh, Chennai | Mutual Fund

If you want to invest in debt funds for three years in lieu of fixed deposits, then Income funds are ideal investments for you. Please check the link below to know the best performing income funds... Read More

Please let me know if my Mutual Fund Portfolio is good or not

Sir, I have three sip in HDFC Midcap Opp (G), SBI Blue Chip Fund(G), DSP BlackRock MicroCap Direct (G) for 1000,1000 and 500 per month and a Axis Long Term Equity Fund (G) for 10000/year and a Frankline HIght Growth Cos(G) for excess amount. Is It good portfolio?

May 7, 2016 by Amit Kumar, Patna | Mutual Fund

Yes, the fund selection in your Mutual Fund portfolio is good. However, please review them periodically, atleast once every year. Continue your SIP investments for a long period in order to create wealth... Read More

Is my current monthly SIP amount good enough to take care of retirement after 25 years

I am 26 years old now and have been investing for past 6 months in certain MF. Can you please review my MF portfolio 1. Axis Long Term Equity - Direct (G) - Rs.5000 2. Reliance Tax Saver Direct (G) - Rs. 2500 3. UTI MNC Fund Direct (G) - Rs.3000 4. ICICI Value Discovery Fund Direct (G) - Rs.2000 5. UTI Mid Cap Fund Direct (G) - Rs.1500 6. Mirae Emerging Bluechip Fund Direct (G) - Rs.1500 Can I generate enough wealth to be financially independent in next 25 years considering my monthly expenditure is Rs.35000 I am also planning to increase my SIPs by atleast 10% each year. Also with increase in investing capacity, is it prudent to increase investment in same funds and you can see I am already investing in 6 different funds. Thanks in Advance

Apr 30, 2016 by Rohan Ture, Mumbai | Mutual Fund

Congratulations for choosing SIP investing for your long term wealth creation. The funds selected by you are good and no need of any changes at this point in time. However, the portfolio performance including... Read More

I want to know about taxation of liquid funds

I plan to invest in a MF Liquid Fund from time to time x, y, z, ...... amounts. After some time (say in 2 or 6 or 12 months (before 3 yrs period when slab taxable. After 3 yrs 20% indexation benefit tax), I withdraw say same x amount (or any amount) then what will be tax implication. I understand in liquid fund the deposit / withdrawal works on first in / first out basis. In that case will the amount = (NAV on withdrawal date - NAV on first deposit date) x units cashed - first deposit amount = Profit Income and tax to be paid at slab rate. Kindly correct me if wrong. Thanks.

Apr 30, 2016 by R. N. Mittra, Mumbai | Mutual Fund

To have a complete view on taxation of mutual funds including liquid funds, we suggest you to... Read More