Mutual Fund Queries

How I can plan my various investments

My queries: Actually my age right now is 45 years. I am planning for next 10 years for accumulate corpus money for retirement as my others obligation (house, flat, car every think) done but 2022 to 2023 a money will be require max 2 to 3 lacs for son's engineering one time course fees. I want to invest 1 lacs in 2 part 50K+50K in different scheme of MF in Lump sump on time for min 10 years. Give me best multiple options of schemes. Tentative date of start end of June-2017, and another start to SIP @ 15000/pm for 10 years tenure. Please give me best options from where I accumulate a healthy corpus after 10yrs. I have a 5 lacs fund for invest. My planning are as follows= MF (in balanced diversified fund)= 1 lacs. KVP= 3 Lacs & PPF= 1 lac (it will be half for tax deduction purpose U/S 80c) give your best suggestion to me?

Jun 7, 2017 by Raja Dasgupta, | Mutual Fund

You need 2-3 lakhs in the year 2022-2023 for your son’s engineering studies therefore, you have 5 years in hand for saving for this gaol. You can easily achieve this goal by investing Rs 3,500 through monthly... Read More

Have I approached the right way of investing for achieving my goals

I have recently started investing in mutual funds and I selected the top performing funds for my long term investments. I am moving all my maturing FD's amount to these funds. By the year end I will be investing around 30 lakhs in the selected funds. I am investing these amount for buying home after 5 years, child's education after 15 years and retirement. I am 32 years old and I can stay invested for 10-15 years. I can take high risk. Presently I am investing 50% in mid and small cap, 15% in large cap, 15% in multi cap, 10% in banking and 10% in infrastructure funds. From next year I will doing SIP's for the selected funds. I have 10 funds in my portfolio. Is this the right approach for my goals?

Jun 7, 2017 by Shiva, Hyderabad | Mutual Fund

Good financial planning practices suggest that, you should have separate investments for separate goals. Though all your goals are long term in nature, it will be helpful for you (in the long term) to segregate... Read More

Can you suggest funds for aggressive risk profile

Thank you so much for your prompt response. You may take my risk profile to be growth oriented and aggressive. The time frame is 3 - 5 years, or more if necessary. Time is not a particularly limiting factor. In accordance with this, please advise me the names of specific Equity funds, for lump sum investment, in which I can invest in at present?

Jun 7, 2017 by D Kamat, | Mutual Fund

For aggressive risk profile and wanting to invest in equity oriented funds, your investment horizon should be at least 5 years. You can invest in diversified equity funds and mid & small cap funds considering... Read More

Why mutual fund ask for cancelled cheque while changing bank details

Whenever the bank mandate is to be changed MF's are asking for one of these. 1) Cancelled cheque leaves of the registered Account and the new account or, 2) A letter from the bank manager certifying that an account is held by the depositor or, 3) Copies of bank pass book. In my opinion Mutual funds have no business to ask for such details. All they require is the address of investor. They should sent interest/ redemption warrants to the address given. Where the investor wants to deposit these is his business. Companies do not ask for such details when money is invested in equity, fixed deposits or debentures?

Jun 7, 2017 by S. Govindaswamy, Madurai | Mutual Fund

This is a normal practice and a standard guideline for changing bank details in mutual funds. This has been implemented so that your redemption and dividends are seamlessly credited in your designated... Read More

How is my mutual fund scheme selection

You are doing a wonderful inspiring job by helping there's with their queries. I have read almost all near recent answers given by you. I too want to hear from you about my scenario. Here are my questions. 1) I am 28. I need to grow financially. I started SIP in SBI Blue Chip, Mirae Asset India Opportunities, DSPBR Mid Cap, Mirae Blue Chip, HDFC Balanced, Franklin High Growth. Is this portfolio good for 15-20 years. I can review and rebalance as and when needed? 2) Is L&T Emerging Business Fund is good for long term? 3) I have seen from your MF research tools, even worst performing fund in mid, multi cap and small cap space delivered decent returns in last 10-15 years. If a fund delivered 30% returns with 15 standard deviation, definitely it will deliver 15-45 % returns. Some of your articles also showed that Reliance Growth, Franklin Prima etc has given 45-100 times returns in 20+ years time. Still is it risky to believe mid and small cap? Thanks much for helping people like us with your answers with a great commitment?

Jun 7, 2017 by Pavan, Hyderabad | Mutual Fund

Thank you very much for the kind words and we truly appreciate that. You have selected good schemes for your ongoing SIPs and given each fund's consistent performance track record these are good for your... Read More

How can I hold my mutual fund investments in demat account

I have Demat & trading account with a reputed stock broker. Apart to this I have several MF's operating in SIP mode in offline for a longer horizon of 15 to 20 years. Here my query is how can I keep my SIP investments in DeMat till the period lasts? Please advise me. Great full for your suggestions and tools you provided for self assessments of different categories of funds?

Jun 6, 2017 by Satyanarayana S, Visakhapatnam | Mutual Fund

You can keep your mutual fund investments in Demat account and there is absolutely no problem in that! Contact your broker and obtain dematerialization form from him and fill up the MF details. Here you need... Read More

How my father can receive 40 thousand a month by investing 40 Lakhs

My name is Satish and my father have retired he has Rs 40,00,000 that he wants to invest to get Rs 40,000 per month as income. So please suggest which fund I choose but he have no exposure risks?

Jun 6, 2017 by Satish, Delhi | Mutual Fund

If your father want to draw Rs 40,000 monthly by investing Rs 40 lakhs in lump sum then it is a very high amount of monthly withdrawal. For this kind of requirements, we suggest to invest in balanced funds... Read More

Am I investing in good mutual fund schemes

I am currently investing in ICICI Prudential Dynamic, ICICI Prudential Value Discovery, HDFC Midcap Opportunities, Mirae Asset Emerging Bluechip via SIP of Rs. 2,000 each. Is this a sufficient portfolio for long term 10-15 years. I may increase the total amount gradually. Also thinking of adding one from Birla sunlife Frontline Equity, Franklin India Prima Plus, Kotak Select Focus, SBI Bluechip. Please advice?

Jun 6, 2017 by Himanshu Deshmukh, Jabalpur | Mutual Fund

You have selected good schemes for your SIP investments and you must continue it for the long term. Whether this is sufficient or not, we cannot comment, as we do not know your investment horizon and the... Read More

Can I withdraw 45000 per month by investing 40 lakhs lump sum

I am a retired person and I have Rs 40 lakhs as retirement fund. Please inform how I can get Rs 45000 per month?

Jun 6, 2017 by Prem Singal, New Delhi | Mutual Fund

If you want to draw Rs 45,000 monthly by investing Rs 40 lakhs in lump sum then it is a very high amount of monthly withdrawal. For this kind of requirements, we suggest to invest in balanced funds and... Read More

Can the folio number be same for investing in direct as well as regular plans

I am investing in Mutual funds through one of the broker who is my relative. Hence I always have to opt for Regular plans. I want to invest in direct plans as now I know how to select funds etc. However I am wondering whether my broker will be able to get information that I am investing in direct plans. I need to maintain relations with by broker as well. I have below queries in this regard: 1) Can I hold both direct and regular funds in same folio? 2) Can I use folio which was created through broker to invest in direct funds as well? 3) If I use same folio, whether my broker be able to know I have invested in direct plan?

Jun 6, 2017 by Jimmi, Bangalore | Mutual Fund

Yes, you can invest in regular plan as well as in the direct plan using one common folio number. There is absolutely no problem. Simply speaking, if you have a folio in which you have invested in the... Read More