Mutual Fund Queries

Being a beginner how to invest for tax saving

I want to invest Rs. 1 lakh for 2 years. I am a beginner. I am a moderate risk taker. I want to invest for good returns and tax saving purpose. My age is 25 years?

Apr 10, 2017 by Urvish Sharma, Jaipur | Mutual Fund

Great to note that you want to invest in mutual funds from such an early age. Being a moderate risk taker and wishing to save taxes on your investments, Equity linked savings schemes (ELSS) can be the... Read More

Should I approach SEBI as AMC has given wrong bank details in SOA

I had submitted an application with MF AMC to purchase SIP, received account statement and found that it had seeded my bank particulars wrongly. Emailed to them for correction as per my original application. But they advised me to submit Cancelled cheque or photocopy of Bank Pass Book along with prescribed form. My query is that when the AMC did not seeded my particulars as per my original and error or fault lies with them why it is showing reluctance to correct it and putting me in unnecessary harassment. Kindly let me know the way out. Should I approach SEBI or can I file a complaint in the consumer court. The AMC might be harassing lakhs of customers on these grounds. Why the customer suffers on their faux pas and adamancy?

Apr 9, 2017 by Vinay Vashisht, Chandigarh | Mutual Fund

Sometime these errors happen as the application entries are done manually. This is a normal practice to ask for cancelled cheque in case there is a need to make changes/ corrections in the bank details... Read More

Should I replace funds in my current mutual fund portfolio

Following are my monthly SIPs: Rs 10000 SBI Blue Chip, SBI Magnum Global Rs 14000, SBI Emerging Rs 3000, SBI Pharma Rs 3000, HDFC Top 200 Rs 5000, HDFC Equity Fund Rs 5000, Reliance Growth Fund Rs 8000, Jeevan Saral 7000, ICICI Prudential Value Discovery Fund Rs 10,000 DSPBR Micro Cap Fund Rs 10000, DSPBR Rs 5000, Birla Sun Life Top 100 Fund Rs 5000, Birla Sun Life Frontline Equity fund Lump Sum, Birla Treasury Optimizer. Lump sum last one year my returns are not very good in SBI Magnum, SBI Pharma, SBI Emerging Fund. Should I exit from these fund and do a lumsump investment also do I need to add or delete something in my portfolio?

Apr 9, 2017 by Nitin Bajpai, Mumbai | Mutual Fund

We feel that you are investing in too many funds through SIPs. Please note that even though we do not know your investment objective or horizon, generally speaking, SIP investments in diversified equity funds... Read More

How to create a corpus of 15 Lakhs in next 4 years

I want to have savings of 10-15 lakhs in next 4 years. Could you please advise how much I should invest in mutual fund every month to achieve this figure and in which cap I should invest. Thank you. Awaiting for a response?

Apr 9, 2017 by Amit Bose, Coimbatore | Mutual Fund

Before you invest in mutual funds you should know your risk profile and accordingly choose an appropriate category of fund for you investments. However, since your investment horizon is only 4 years, we... Read More

In which SIP to save for marriage of my three daughters

I want to invest in SIP for corpus accumulation for the marriage of my 3 daughters over a period of 15 years. Currently I can invest Rs 1000 for each of the three. I am a low to medium risk taker. Can you suggest some SIPs? Should I invest in the same SIP for all three or diffrent SIPs?

Apr 9, 2017 by Housewife, Delhi | Mutual Fund

Very heartening to note that you want to save for your daughters marriage through SIPs. Congratulations !! You can invest in one fund for all three or even select 3 different funds for your three daughters, choice... Read More

Should I continue with my current SIP funds

I have started SIP recently in lots of Funds. Not able to decide which one to stop. 1) ELSS - ICICI Prudential Long Term Advantage Rs 5000, Reliance Tax Saver Fund Rs 1000, 2) MultiCap - PPFAS, ICICI Prudential Rs 1000 each, 3) MIDCAP - Mirae Asset Emerging BlueChip Rs 2000, Sundaram Mid Cap Rs 1000, 4) Balanced Fund ICICI Prudential Balanced Fund, and HDFC Rs 1000 Each, 5) Large Cap - SBI BlueChip Rs 1000. My Investment horizon is 5+ years. Main purpose is to accumulate money. Can you please suggest me which one should I stop and in which to increase amount for one my stop?

Apr 9, 2017 by Avi, Delhi | Mutual Fund

You have invested in too many funds across various categories - ELSS, Balanced, large cap, mid & small cap and diversified / multi-cap. However, you have not mentioned the fund names clearly. For example... Read More

Can you suggest best fund for emergency corpus

My First Aim is to keep aside an emergency fund of Rs 3 Lakhs minimum and finally increasing it to 5 Lakhs. Currently I have around 2 Lakhs in Equity and 1.7 Lakhs in Debt Funds. Is Balanced Fund a good option for keeping emergency Corpus or it should be Debt/Liquid only? Can you please suggest best fund for keeping Emergency fund?

Apr 9, 2017 by Avdhesh, Netherlands | Mutual Fund

Balanced funds are not at all a good option for keeping or creating an emergency corpus. Balanced funds are ideally suited for investors with moderate risk profile having investment horizon of 4-5+ years... Read More

What is the best time to invest lump sum in equity mutual funds

What is the best time to invest a lump-sum amount in equity mutual fund scheme in terms of a) NAV of scheme, b) Sensex, c) PE ratio?

Apr 9, 2017 by Rakesh Kumar, Delhi | Mutual Fund

It is very difficult to say what is the best time to invest lump sum in equity mutual funds - based on NAV of the scheme, Sensex levels or PE Ratio as mentioned by you? We think more than the NAV or Sensex... Read More

Should In invest in SBI Magnum Balanced Fund

I would like to invest Rs. 10.00 lakhs in SBI Magnum Balanced Fund. Requested your suggestion?

Apr 8, 2017 by Srinivas, Hyderabad | Mutual Fund

While selecting a mutual fund, the common trend is to look at the trailing returns of the fund... Read More

How to get rid of bank charges on SIP auto debit

Doing SIP thru Banks on daily, weekly, fortnightly, monthly basis may now be a costly affair due to transaction charges being imposed on by banks unscrupulously.Kindly let us know the alternate or option to get rid of this gift of Govt.Thank you in anticipation?

Apr 8, 2017 by Vinay Vashisht, Chandigarh | Mutual Fund

As far as we know, some banks charges a one-time fee for setting up the SIP and also levy a bank charge in case the SIP ECS is bounced due to non availability of funds. However, banks do not charge any fee... Read More