Mutual Fund Queries

Should I continue my SIP in Birla Sun Life MNC Fund

I am doing SIP of Rs. 2000 from last one year in Birla Sun Life MNC Fund - Regular Growth. The performance of this fund in current time is not good. Should we continue in this Scheme?

Dec 7, 2016 by Niranjan Lal Gupta, Allahabad | Mutual Fund

Please note that Birla Sun Life MNC Fund has a long track record of wealth creation for the investors. We reviewed this fund sometime back which you may find useful... Read More

Can you please tell me appropriate asset allocation in mutual funds

I have investment of Rs 40 Lakhs in following equity mutual funds (Growth option): Large Cap Funds: BSL Top 100-2 Lakhs, SBI Bluechip - 2 Lakhs, Kotak Select Focus - 2 Lakhs, ICICI Prudential Top 100 - 2 Lakhs. Diversified: FI High Growth Co - 2 Lakhs, ICICI Pru Export & Other Services - 2 Lakhs, L&T India Value Fund - 2 Lakhs, UTI MNC - 2 Lakhs, ICICI Pru Value Discovery - 2 Lakhs, Principal Emerging Bluechip - 2 Lakhs. Balanced Funds: L&T India Prudence - 3 Lakhs, Tata Balanced - 3 Lakhs, ICICI Pru Balanced - 3 Lakhs, BSL Balanced 95 - 3 Lakhs. Small & Midcap Funds: Mirae Emerging Bluechip - 2 Lakhs, Canara Robeco Emerging - 2 Lakhs, DSPBR Micro Cap - 2 Lakhs, FT Smaller Companies Fund - 2 Lakhs. In addition, I have investment of 15 Lakhs in following Debt Mutual Funds (Growth option): BSL Medium Term - 2 Lakhs, BSL Short Term - 2 Lakhs, FI Low Duration - 2 Lakhs, L&T Income Opportunities - 2 Lakhs, DHFL Pramerica Credit Opportunities - 1 Lakh, UTI Income Opportunities - 2 Lakhs, HDFC Short Term - 2 Lakh, Tata Dynamic Bond - 2 Lakh. I will be retiring in December 2017. From Jan 2018, I would like to use 50% of the annual growth in these funds for my expenses every year. My intention is never to touch the original investment for consumption. In the years in which there is negative return, I will not draw from these funds. Please suggest how I should consolidate my portfolio. Also, suggest appropriate asset allocation for the MF. I have reasonable risk appetite as I have my pension and safe investments in Tax Free Bonds and PPF to fall back on?

Dec 7, 2016 by Buchul Kumar, Gurgaon | Mutual Fund

Please note that your fund selection is good but you have invested in too many funds. You have invested in too many fund categories as well. Since you are retiring in 2017, our suggestion would be to... Read More

What is the difference between debt funds and ultra short term funds

Is there any deference between debt fund and ultra short term debt fund. If they have any difference, then please suggest which one is good?

Dec 7, 2016 by Basudev, Barbil | Mutual Fund

Please note that Ultra Short Term Debt Funds are also debt funds. Having said that, there are many kind of debt funds and each kind has different characteristics. For example - liquid funds are also debt fund but... Read More

How can I get to know about top dividend paying equity oriented funds

Please give me a list of the top performing equity oriented mutual funds (5 year track record ) with a monthly dividend payout - most consistent?

Dec 7, 2016 by G. Bhattacharya, Mumbai | Mutual Fund

Please check the following links to know the historical dividends of any fund, top dividend paying mutual funds and Consistent dividend paying mutual funds. In fact, these will help you know anything and everything... Read More

Which Fund category should I start my SIP

I am planning to start new SIP, and will invest Rs. 4,000 per month. How should I allocate the money? Should I invest 2000 each Large Cap + Mid Cap or invest only Large cap. I have checked websites and blogs for choosing right SIP. So please suggest which SIP I have to start for long term of 10 to 15 years. Waiting for your valuable reply?

Dec 7, 2016 by Joseph Jomon, Cochin | Mutual Fund

Investment in mutual funds should be based on the risk that you can take. For example - if you can take moderately high to high risk then the fund categories that you have mentioned - large cap and mid... Read More

Which funds should I invest for my Rs. 5000 SIP for 15 years

I would like to invest Rs. 5,000/- per month in SIP (Mutual funds) for ten to fifteen years. Please suggest me how to divide this amount and the best funds for investment. (I mean how much I need to invest in each fund from those five thousand every month?) I am 40 years old now. SIP means do we need to invest in the same fund for ten to fifteen years or we have to change the fund every month?

Dec 6, 2016 by Dr.Siva, | Mutual Fund

Diversified equity funds are the best category of equity funds for long term SIP investing. I think, you should not invest in more than 2 funds. You may select couple of diversified equity funds from here... Read More

What is the best time to exit mutual funds

If there is no immediate need of money, what is the best time to move out of a fund if it is giving a good profit?

Dec 6, 2016 by Dr. Pankaj Agarwal, Ghaziabad | Mutual Fund

Frankly speaking, there is no clear cut answer for your question. Having said that there could be various scenarios based on which you might think of moving out of a fund. Let us see what are these... Read More

Will there be any tax deduction on Rs. 1000 monthly SIP

If I do monthly SIP of Rs. 1000 for 30 years, will there be any tax deduction on each monthly instalment of Rs. 1000. Please advise?

Dec 6, 2016 by Subhash, | Mutual Fund

Please note that no tax is deducted on your monthly SIP instalment of Rs. 1000 irrespective of number of years of your investment. Please go ahead with your SIP investment without worrying about tax... Read More

Can you please review my balanced fund SWP

Recently (one month back) I had invested 27 Lakhs in Balanced Mutual Funds. Breakup is like this - Motilal Oswal Dynamic Equity Fund (Balance Fund) - 9 Lakhs, L&T Prudence Fund (Balance Fund) - 9 Lakhs, Birla Sun Life 95 Balanced Fund - 9 Lakhs. From all of above these three Balanced Funds I am taking 8% per month as SWP i.e. 18000 Per month. Please suggest my mutual fund selection is okay or I have to change. And 8% as SWP is okay or I have to reduce this amount. I have a time horizon of 10-12 years and expecting 1 to 1.25 Crore after deducting SWP in 10 years. Is my expectation is right? Please guide me on my queries?

Dec 6, 2016 by Sumit Bisla, Faridabad | Mutual Fund

The funds you have selected are okay. The monthly SWP withdrawal amount of Rs. 18,000 from investment corpus of 27 Lakhs is also right! Therefore, you need not increase or decrease the monthly SWP... Read More

Has DSP BlackRock Tax Saver Fund declared any dividend in November 2016

Any dividend declared in DSP BlackRock Tax Saver Fund Regular Plan in November 2016?

Dec 6, 2016 by Mahadevan Kartikeyan, Bangalore | Mutual Fund

Yes, DSP BlackRock Mutual Fund announced dividend in their tax saving scheme, DSP BlackRock Tax Saver Fund on 18th November 2016 @ 0.40 per unit... Read More