Mutual Fund Queries

How to plan my life financial goals

I am 23 years old and would like to start my SIP investment. I earn 50,000 per month post tax and My expenses are 10,000 per month. I already have 1 Crore term plan of HDFC Life Insurance and I do RD of 5,000 per month. I want to take full benefit of Sec 80C by investing 12,000-13,000 per month in ELSS funds and my balance investments of 12-13,000 would be in other mutual funds. Kindly suggest which funds to choose. I can increase the SIP by 10-15% every year as well based on my increase in income. I have 5 different goals:- Retirement - 15 Crores (37 years from Now), Marriage - 15 Lakhs (4 years from Now), Car - 10 Lakhs (10 years from Now), Children Education - 2 Crores (25 years from Now), Home - 10 Crore (25 years from Now)?

Apr 27, 2017 by Ankit Shah, Mumbai | Mutual Fund

Great to have received your query and delighted to note that you want to start investing in mutual funds from a very early age of 23! We are also glad to note that from a very young age you want to plan for your... Read More

Where to get a debt fund return and tax calculator

I am a mutual fund advisor. I wanted to know if there is a calculator/Excel sheet for calculating returns for debt funds with and without indexation. I have another question regarding long term capital gains tax rate on debt funds without indexation benefit. Is it 10% or removed?

Apr 27, 2017 by Rajan Desai, | Mutual Fund

You can check these two research tools on our website which can answer your query with regards to calculating returns on debt funds with and without indexation... Read More

Is capital protection possible in dynamic asset allocation funds

For moderate or low risk profile and investment horizon of 3 years, lump sum investments, would Dynamic Asset Allocation Fund provide better returns with capital protection compared to Debt funds (e.g. Credit opportunities fund)?

Apr 27, 2017 by Vikas, Pune | Mutual Fund

Yes, for 3 years investment horizon, dynamic asset allocation funds may give better return than debt funds. However, capital protection is not possible in dynamic asset allocation funds. in fact, for that... Read More

Can you suggest schemes where I get regular return

I shall soon be retiring from service & would like to invest most of my PF, Gratuity & other retirement benefits in a basket of investments which would fetch me annual return of 10% or above (preferably tax free). Could you please help me in schemes where my principal investment is safe & also fetch me reasonable return to take care of my post retirement life?

Apr 27, 2017 by Avadhesh Mathur, | Mutual Fund

For availing tax free returns, mutual funds could be a good way. But as you are looking for safety of principal investments this may not be the right choice for you. If you are not ready to take even minimum... Read More

Can you let me know best hybrid funds to invest

I want to invest in mutual funds, so I want your help. Which is the best hydrid risk mutual funds in India. Please help me out?

Apr 27, 2017 by Mydur Shashi Kiran, | Mutual Fund

Glad to note that you want to invest in mutual funds. There are two kind of hybrid funds - 1) Hybrid debt oriented funds, which are popularly known as MIPs as well. These funds invest 5-35% in equities and rest... Read More

Can you clarify some doubts about mutual funds

I need help in clarifying my some doubts regarding mutual fund. 1) Is it good to choose fund having less asset value or AUM? 2) what are the base of giving crisil ranking to any fund. Is it matters to see crisil rank before buying any fund? 3) The return of any fund is calculated on NAV value or total amount of fund. In fact I want to know the process of return calculation? 4) In future if my fund reduces interest of return or in any bad time, My fund manager have any liquidity to change fund portfolio or percentage of investments of any company of fund portfolio? 5) I have already invested 1 lakh in one ELSS fund, it is good to invest more in the same fund or shall I invest in other ELSS Fund?

Apr 27, 2017 by Shri Ram Nirdosh, | Mutual Fund

Here is the clarifications of your doubts – No. There is no data which can suggest or prove that funds having less AUM is better than that of funds having bigger AUM. In fact, fund selection should be based on the... Read More

How to calculate tax on STP from liquid to equity funds

I am having a monthly STP from liquid fund to equity fund. Please guide me how to calculate tax or gain in amount of liquid fund for income tax purpose and what is % of tax in a financial year?

Apr 27, 2017 by Rajan Khatri, | Mutual Fund

Had you given us the fund names, amount, STP frequency and the date of investment we would have given you the exact calculations using our STP return calculator tool... Read More

How to invest directly in ICICI Prudential AMC and Birla Sun Life AMC schemes

I am based in Mumbai - Dadar west. Just for information, I would like to do the investment directly with the AMC and not through any broker. Also I want your advice. I would like some income from the investments I would do. As for now, whatever information I could gather from the net was that balanced funds seem to be safer and with better returns?

Apr 27, 2017 by Abha Pandit, | Mutual Fund

You can contact ICICI Prudential Mutual Fund by calling their Customer Service numbers 1800 222 999 or 1800 200 6666 or you may write to them at... Read More

Would like to know about SBI Magnum Global Fund

Want to know about SBI Magnum Global Fund?

Apr 27, 2017 by Sudeshna, | Mutual Fund

SBI Magnum Global Fund is a midcap fund from SBI Mutual Fund stable. The fund has been around for more than 10 years and has been underperforming for the last few years. Though a few top performing... Read More

Whether I need to submit FATCA AMC wise

I am a subscriber of your esteemed organisation and I receive your mails regularly. I would request you to please let me know whether the investor is required to submit fotca compliance form account statement wise or AMC wise. Secondly, whether this is applicable for fresh investment or investment made earlier?

Apr 27, 2017 by Kailash Mohanty, Bhubaneswar | Mutual Fund

FATCA is applicable for old as well new investments and it is a one-time process which all investors must comply with within 30th April 2017. You need not submit FATCA for each and every AMC, instead you can... Read More