Investment, Financial Planning, Mutual Fund & Income Tax Queries

Should I invest in ICICI Prudential Balanced Fund for monthly dividends

I would like to invest in mutual funds which will give monthly income for me. I am a retired person, due to health problems in the early age I took retirement. my age is 50 years. now I want to invest in monthly income giving mutual funds. Some of certified financier suggested me ICICI Prudential Balanced Fund 9 monthly tax free dividend which will give a dividend of 12 per cent, i.e if I invested Rs. 10 lakhs, I may get monthly Rs. 12,000 as a dividend, is this fund is useful for me or not.? Shall I invest in this fund or not please suggest me?

Jun 30, 2017 by Balakishan Rao, Hyderabad | Mutual Fund

The advisor has rightly suggested you ICICI Prudential Balanced Fund for getting monthly dividends. ICICI Prudential Balanced Fund is one of the top performing funds in the balanced fund category. The... Read More

How to withdraw money from unit linked insurance plan

I have standard life insurance unit link policy having investment 12000 pa since from 2006, now required some money for my sons education. Please advise me how to withdraw money maximum amount without closing insurance. Please suggest?

Jun 30, 2017 by Nagappa, Bommanahalli | Life Insurance

You have not mentioned which is the unit linked insurance plan you have bought from HDFC Standard Life. Generally, you can draw partially or fully from 6th years onwards after paying minimum 5 annual... Read More

Will you help me know how much return can I get from my investment

I am investing Rs. 4000 per month on LIC Jeevan Saral Plan from past 8 years, Rs. 2000 per month on Kotak Select Focus Fund Direct Growth, from past 2.5 years, I would like to know, approximately how much return can I get after looking in to present market scenario, inflation, etc, please try to explain me in details returns from both these plans viz, Jeevan Saral of LIC as I heard somewhat of it is invested in market, by them, and also about, Kotak Select Focus Direct Growth, I am planning to hold and invest these for more 20 years, also planning to increase 1000 every year in Kotak Select Focus Fund Direct Growth, Also would like to know some other good performing funds, in which I can accumulate good units, according to you, for Growth in future, I can invest more 2000 per month, my age is 36 years?

Jun 30, 2017 by Sanjeev Shukla, Mumbai | Mutual Fund

We will not be able to comment much on LIC Jeevan Saral Plan excepting that insurance and investments are two very different things. Insurance is for securing your life so that your family is financially protected... Read More

Have I selected the right funds for achieving my goal after 10 years

I recently came to know about this site through one of my friends (who told me that one can have excellent guidances in terms of mutual fund investments). Six months back I have started SIPs in the funds mentioned below. These funds have been picked by me. Now I have got some apprehensions about my portfolio. Hence I need your kind advise. Requesting your kind help to review my mutual fund portfolio and advise whether any changes are required to my portfolio (in terms of combination of large, mid and small cap funds. And also on the selection of funds). My intention is to create a corpus of 1 crore over period of 10 years. I have SIPs in the following funds: 1. Canara Robeco Emerging Equities Growth - Rs 3000, 2. Kotak Select Focus - Rs 5000, 3. DSP BlackRock Micro Cap Fund - Rs 3000, 4. Tata Equity P/E Fund - Rs 3000, 5. HDFC Balanced Fund - Rs 3000, 6. ICICI Pru Focussed Blue Chip Equity - Rs 3000, 7. Franklin India Smaller Cos Fund - Rs 3000, 8. HDFC Midcap Opportunities Fund - Rs 1500, 9. ICICI Pru Banking and Financial Fund - Rs 1000, 10. Mirae Assets Emerging Blue Chip Fund - Rs 1500, 11. DSP BlackRock Natural resources & new energy - Rs 2000, 12. DSP BlackRock Opportunities Fund - Rs 1000. Kindly advise whether any changes are required in my portfolio?

Jun 30, 2017 by Ramamoorthy N, Riyadh | Mutual Fund

Thanks to your friend who referred our website to you and thanks to you too for writing to us. With regards to your query, kindly note that in order to create a corpus of Rs 1 Crore in 10 years, you need to invest... Read More

What is the maximum STP amount in Mirae Asset Emerging Bluechip Fund

How much STP amount in invest Mirae Asset Emerging Bluechip Fund?

Jun 30, 2017 by Ashok, | Mutual Fund

STP in Mirae Asset Emerging Bluechip Fund - The maximum amount through the Systematic Transfer Plan (STP) / Mirae Asset Variable Transfer Plan (VTP)/ Mirae Asset Trigger Investment Plan (TRIP)/ Mirae... Read More

Being a NRI which fund should I invest for 1 to 3 year period

I am an NRI want to invest 15 lakh. Can you suggest me the fund Horizon is 1 to 3 Year?

Jun 30, 2017 by Manoj Kumar Khandelwal, | Mutual Fund

For your investment needs of 1 to 3 years you should invest in debt funds. However, there are different category of debt funds based on investor’s investment horizon. Following could be few examples... Read More

Where is the difference between SBI Bluechip Fund & DSPBR Small Mid Cap Fund

I want to invest Rs. 5,000 per month. Which one will be good for me? SBI Blue-chip Fund & DSP BlackRock Mutual Fund (Equity - Small & Mid Cap Fund)?

Jun 30, 2017 by Manish Kumar Ram, | Mutual Fund

Glad to know that you want to invest in Mutual Fund SIPs. However, the two funds you have chosen cannot be compared as they belong to different fund categories. SBI Bluechip Fund is a large cap fund... Read More

Please advise funds paying monthly dividends

Looking investing 500000.00 Rs in mutual fund, advice monthly dividend option?

Jun 30, 2017 by Imran Sheikh, | Mutual Fund

You have not mentioned for how long you want to hold onto this investment and also what is your risk profile. Having said the above, we can suggest that since you are looking for monthly dividend option... Read More

Can you please evaluate my portfolio which I have created on my own research

I am Sourav Roy from Asansol WB. Sir I am 28 years old unmarried and I am not a service man. I am a private tutor. I invested in mutual fund in last three years. I invested in sum funds in last 1-3 years and want to invest at least 10-15 years. I selected funds on my own research. I request you please evaluate my portfolio as well as my funds selection and I have potential to take risk. Please give me suggestion - 1. SBI Magnum Global-Regular-Growth, 2. SBI Magnum Multiplier-Regular-Growth, 3. UTI Equity-Direct-Growth, 4. Reliance Small Cap-Direct-Growth, 5. Franklin India Smaller Companies Fund-Direct-Growth, 6. Franklin India Ultra Short Bond Fund Super Institutional Plan, 7. HDFC Balanced Fund-Direct-Growth, 8. DHFL Pramerica Low Duration fund, 9. Kotak Select Focus-Direct-Growth, 10. Mirae Asset India Opportunities Fund-Direct-Growth, 11. Mirae Asset Emerging Bluechip Fund-Direct-Growth. Each fund SIP Rs - 1000/month. I am worried about the performance of SBI Magnum Global Fund?

Jun 30, 2017 by Sourav Roy, | Mutual Fund

At the outset, I must congratulate you in doing a good work as far as selecting schemes based on your own research is concerned. However, the total number of funds are bit high. We have few suggestions... Read More

Suggest me best plan for SIPs

Want to invest 5000 per month, suggest me best plan?

Jun 30, 2017 by Prakhyat, Indore | Mutual Fund

Your query is very short as you have not mentioned for how long you want to continue your SIP and also your risk profile. Generally speaking, if you want to create long term wealth (minimum 5 years) through... Read More