Mutual Fund Queries

Which ELSS scheme should I choose to invest in

Thanks for your timely response earlier for my query on "which elss fund to invest in". As per the advice and some research of my own I have short listed Axis Long Term Equity, Reliance Tax Saver and DSPBR Tax Saver. I also found Franklin India Tax Shield to be quite good and consistent. I would like to go with Axis as my First choice and one out of the other 3. Any suggestions?

May 5, 2017 by Ashwin, Mumbai | Mutual Fund

You have selected the right ELSS schemes to invest. Your first choice is AXIS Long Term Equity and for the second choice, you can invest in any one out of the two top performers - Reliance Tax Saver Fund... Read More

What is the taxation when we do STP to equity fund

When we do STP from MIP mutual fund to equity fund what is taxation? In which mutual funds it is allowed to do STP to equity funds?

May 5, 2017 by Rekha, Mumbai | Mutual Fund

When you do STP from MIP Mutual Fund scheme or any other debt scheme, and if the such STPs are within three years from the date of investment, then short term capital gains tax would be payable on the... Read More

Has UTI Mastergain unit scheme been discontinued

My Dad had purchased units in UTI Master Gain for Rs. 2,000 INR in 1992. However, the scheme has been discontinued some time back. Is it possible to know the value of these units as on today, approx what will they be equivalent to? Also, how can we redeem these units (we have the necessary certificates with us)?

May 5, 2017 by MGD, Mumbai | Mutual Fund

UTI Mastergain scheme has not been discontinued rather the name of the scheme has been changed to UTI Equity Fund effective August 01, 2005. All the unit holders of UTI Mastergain scheme now hold... Read More

How can I see the correct return of Birla Sun Life Wealth

I went into Mutual fund lump sum return calculator and entered the following details: fund 1 - Birla Sun Life MIP Wealth 25 Plan - Monthly Growth - Payment Enter amount - 100,000 start date - 02-05-2013 End date-02-05-2017 and submitted. Results that got displayed are incorrect (CAGR was showing as 10.0. in the "profit" column the value is blank. Fixed deposit, Gold Silver Values were also incorrectly displayed. Kindly request look into them? Wish there is an option for the user to attach a doc while posting a query. It would have been helpful for everyone to see what I was seeing?

May 5, 2017 by Vikram, Hyderbad | Mutual Fund

We must say, this is an excellent feedback, thank you! The problem we found that there are two schemes with almost the same name and options. you had chosen Birla Sun life MIP wealth 25 Plan - Monthly... Read More

Should I invest through regular or direct plan of mutual funds

While selecting dividend pay out option in equity based MF schemes, whether I should go for Direct Plan or Regular Plan. Because NAV is less in regular plant and I will get more number of units. In regular plan dividend amount would be more since it is paid on the basis of Rs. per unit. Please advise?

May 5, 2017 by Mohammad Wasim, Burdwan | Mutual Fund

If you have sufficient knowledge about mutual funds and you are confident that you can manage and service your mutual funds without the help of a mutual fund advisor, then you can invest in the direct plan... Read More

Should I invest in ICICI Prudential Value Fund Series 13

How about investing in ICICI Prudential Value fund Series - 13?

May 5, 2017 by Varsha, New Delhi | Mutual Fund

ICICI Prudential Value fund Series is a popular series of funds launched by ICICI Prudential Mutual Fund since 2013. These series of funds have delivered returns between 24 - 44% in the last one year. If you... Read More

As a moderate risk taker which SIPs I should invest in

Want to invest Rs 15,000 per month. Moderate risk taker for 10 years. Please give the fund names, amount of investment in each fund, got maximum return, how much?

May 5, 2017 by Bhawani, Howrah | Mutual Fund

As a moderate risk taker, you can invest in balanced funds. You can choose any two funds from ICICI Prudential Balanced Fund, HDFC Balanced Fund, SBI Magnum Balanced Fund, DSP BlackRock Balanced... Read More

Which ELSS fund to invest in

I find tools and articles from Advisorkhoj to be highly asset to investors like me. I would like your advice on investing in ELSS via SIP as per points below: My risk profile: Moderately high; Age: 26 years; Investment Tenure: 20+ years with 5% annual increase; SIP Amount: 5,000-10,000. I am planning to split the SIP amount into 2 ELSS funds. Please advice?

May 4, 2017 by Ashwin, Mumbai | Mutual Fund

Thanks for the kind words about Advisorkhoj! Glad to note that you liked our tools and articles and found that it is helping investors like you. You can spilt the SIP funds between two ELSS schemes - DSP... Read More

Shall I stay invested in ICICI Prudential Multiple Yield Series 9 Fund

I have invested one time lump sum in ICICI Prudential multiple yield series 9 plan A dividend fund in April 2015 and since then the fund has given only 3% return. Shall I stay invested or try to get my money back to reinvest some where else? Please suggest?

May 4, 2017 by Vikram, Singapore | Mutual Fund

Launched in April 2015, ICICI Prudential Multiple Yield Series 9 plan A is a close ended hybrid debt oriented fund. The maturity date is May 22, 2018. The fund has given 1.62% annual return (as on today) since... Read More

Should I consider change in schemes due to portfolio overlap

I have SIP of Rs. 5000 each in the following funds: 1) DSP BlackRock Micro Cap Fund 2) Franklin India Prima Fund 3) Franklin India Smaller Companies Fund 4) Mirae Asset Emerging Bluechip Fund 5) Reliance Small Cap Fund. I also invest in 2 Large Cap & 1 in Diversified funds. I am 29 years, want to invest for 15 years. I am investing in these funds since 6 months. I am concerned about portfolio overlapping as all the above funds are in small & mid cap segment. Should I make any changes in the above funds? Also I am willing to take risk for better returns?

May 4, 2017 by Rohit Jain, Mumbai | Mutual Fund

You have selected very good funds from mid/small cap category - Congratulations! We think, you can continue with your selection without worrying too much about portfolio overlap etc. Though there could be a... Read More