Mutual Fund Queries

Do you have a service centre in Pune

Where is your Service centre in Pune? Forward address with contact No?

Mar 27, 2017 by Ratan Sinh Naikavde, Pune | Mutual Fund

We do not have any centre anywhere in India. If you need any assistance for answering your queries or investing in mutual funds, you may write to us and we will try assisting you... Read More

How to invest in direct plans of mutual funds

I am new to Mutual funds and have been learning useful information from your website. I have 50k in my savings account and want to invest in Debt funds for 2.5 years. I have a doubt. How much tax will I have to pay on returns in the case of debt funds. Also I want to go for direct investment rather than by mediator. Please provide the information on procedural aspects for direct investment of debt funds, and Tax amounts on final returns?

Mar 27, 2017 by Bokam Rajasekhar, Chennai | Mutual Fund

Thanks for the kind words about our website which we truly appreciate. If you invest in debt funds for two and a half years, then it will attract short term capital gains taxes. Any investment in debt funds which... Read More

Is my fund selection good considering that I am retired

I am a 66 years old retired person with no pension who depend on return from my investments for monthly expenses. I have been following your posts continuously and find it very useful. I have invested all my retirement benefits in the following funds in addition to maximum limit in SCSS and POSB MIS for regular income. As a first time investor I made this portfolio myself about a year back without any expert's advice. I just wish whether I could get my portfolio reviewed by you once since I like to consolidate my portfolio to about 5 to 6 funds as there are too many funds. Could you please help me in reviewing and consolidating my portfolio? My funds are as below and all of them are Direct funds. Debt Funds - Franklin India Ultra Short Bond Super Inst Direct-G, HDFC ST Income Fund-Growth, Reliance Medium Term Direct-G, Quantum Dynamic Bond-G, UTI Dynamic Bond Direct-G MIP, Franklin India MIP A Direct-G, HDFC MIP Long-term Direct-G, Birla SL MIP II Wealth Direct Growth, Reliance MIP Direct Growth Balanced Funds, Franklin India Balanced Direct-D, Franklin India Balanced Direct-G, HDFC Prudence Direct-DM, HDFC Balanced Direct-D Quarterly Equity Funds, Franklin India Bluechip Direct-G, Quantum Long Term Equity-G?

Mar 27, 2017 by V Rama Krishnan, Kanyakumari | Mutual Fund

Being retired, you have rightly invested in SCSS and POSB upto the maximum limit. With regards to your mutual fund investments even though the funds selected are good we are unable to understand your... Read More

Is my mutual fund scheme selection good

Currently, I am investing SBI Magnum TaxGain Scheme and ICICI Prudential Focused Bluechip Equity Fund since last 4 years. Now should I continue with these SIP or switch to any other. If yes - please suggest some funds?

Mar 27, 2017 by Pankaj, Jaipur | Mutual Fund

SBI Magnum Taxgain scheme is an ELSS fund and currently not a great performing fund in its category. For performance details of ELSS Funds please check here... Read More

Have I invested in right funds for achieving long term goals

I am 26 years old working professional and moderate to high risk taker. I have invested in HDFC Mid Cap Opportunity Fund (Rs 3000), DSPBR Micro Cap Fund (Rs 2000), Kotak Select Focus (Rs 3000), ICICI Focused Blue-chip Fund (Rs 2000) and Reliance Small Cap Fund (Rs 2000) through SIP for goal of long term (7-8 years) corpus generation. Additionally, I am also investing in Reliance small cap fund (Rs 2000) and DSP BR Micro Cap fund (Rs 2000) through SIP for retirement goal. I have also invested lumsump amount of 50,000 in Jan 17 in SBI Magnum Tax gain Dividend pay out scheme for tax saving purpose. I like to know whether my selection of funds are good and SIP amount is sufficient for achieving all goals in given time frame. I have budget of 20000 per month for SIP?

Mar 24, 2017 by Ranjan, Kozhikode | Mutual Fund

Given you risk profile which is 'high' you have invested in the right funds. Your portfolio is tilted more towards mid and small cap funds which is an ideal choice for high risk takers if they are investing for the long... Read More

How can we start SIPs for our retirement planning

Me and my wife are 40 year old professionals want to start SIPs in equity funds for long term 15-20 years. Our goal is retirement at 60. Till now all our bIG investments are in FD, PPF, KVP, LIC, NSC, KVP. Kindly suggest a well diversified portfolio for us with moderate risk. Kindly don't repeat the funds in both portfolios to get more diversification with different AMCs. We want to invest 100,000 each every month?

Mar 24, 2017 by Vipin Arora, Noida | Mutual Fund

Since both, you and your wife, are moderate risk takers, you should invest in large cap and balanced funds for creating your long term retirement corpus. For investing in large cap category, you can select from... Read More

If my fund selection is good

Please suggest me if required any changes in my portfolio. I am investing for long time purpose (approx 15 years) 1) SBI Bluechip 2000, 2) SBI Magnum Global Fund 1000, 3) UTI MNC Fund 1000, 4) DSP BlackRock Micro Cap 2000, 5) L&T India Value 1000, 6) L&T India Prudence Fund 1000, 7) Invesco India Mid and Small Cap 1000, 8) Kotak Select Focus Fund 1000. Want to invest more 3000. Please suggest me if there any change require and should I invest in the same fund or choose the new one. Waiting for your positive response?

Mar 24, 2017 by Pritam John, Delhi | Mutual Fund

Your fund selection is okay excepting SBI Magnum Global Fund and UTI MNC Fund. Instead of SBI Magnum Global, you can invest in SBI Magnum Midcap Fund and in place of UTI MNC Fund, UTI Equity... Read More

Should I invest in ICICI Prudential MIP 25 Fund

My age is 37 years and I'm a self employed person. I have accumulated Rs. 1 lakh from my income. should I invest it in ICICI Prudential MIP 25? How much monthly income can I expect? Is there any option of not taking the monthly income & keeping it for wealth creation? can I get any tax benefit investing in this fund?

Mar 24, 2017 by Deep Jyoti Dutta, Digboi | Mutual Fund

Yes, you can invest in ICICI Prudential MIP 25 as it is a good performing MIP fund. You can check the historical monthly dividend pay outs of this fund from here... Read More

What is your view about IDFC Premier Equity Fund

I have invested in IDFC Premier Equity Fund Growth Fund, Direct Plan. What is your view?

Mar 24, 2017 by Dinesh Yadav, Ludhiana | Mutual Fund

Once IDFC Premier Equity Fund was a marquee fund in the midcap fund category. Since the last two years or so, the fund has not been able to live up to the expectations of the investors and advisors as it could... Read More

Can you suggest a SIP fund for 10 years and above

I have been investing for the last three months namely ICICI Pru Diversified Equity Fund and SBI Magnum Balanced Fund 2500 per month in each fund. I would like to invest 2500 more in one more fund. Could you please suggest the fund. I am 40 years old? I would like to SIP for 10-15 years?

Mar 24, 2017 by Siva, Vijayawada | Mutual Fund

You have invested in two very good funds - ICICI Prudential Diversified Equity Fund and SBI Magnum Balanced Fund. Your fund selection indicates that you are a moderately high risk taker. For your new SIP... Read More