Investment, Financial Planning, Mutual Fund & Income Tax Queries

Should I repay the Car loan or invest lump sum in Mutual Funds

I have a lump sum amount of 1.50 lakhs. To invest in equity funds for 5 years or repay the car loan of 2 lakhs @ 9.6% interest with EMI 4721 which is profitable?

May 18, 2017 by Adheena, Kerala | Mutual Fund

The wise decision would be to pay off the car loan as soon as possible. It is never advisable to invest in mutual funds or for that matter in any other investment avenues as long as you have a loan of any kind... Read More

How to get regular return from SWP investments

I want to know about the SWP. I have to invest Rs 12,00,000 with Rs 8,000 withdrawal per month. Which are the best options for it. Should I invest in SWP or some where else?

May 18, 2017 by Sumit Sharma, Gwalior | Mutual Fund

As you want to know about SWPs, we suggest you to read the following blogs on our website - SWP from debt mutual funds give the most tax efficient returns... Read More

How can I generate wealth for kid

I would like to start an investment/create a good corpus for my 1 month old baby. Can you please help with the appropriate MF / Child gift fund for long term wealth creation. At present, I am thinking of contributing 1.5 to 3 K specifically for this. Apart form this I already have SIPS in different schemes amounting to about 25K. Request you to please suggest appropriate method by which I can generate wealth for my baby?

May 18, 2017 by MGD, Mumbai | Financial Planning

Heartening to note that you are targeting wealth creation for your 1 month old baby. You are planning about the right goal at the right time - Congratulations! Please note that you should not consider any child... Read More

Can my current SIPs enough to meet my goals

I am doing following SIP from March 2017 - Rs. 5000 - BSL Eqity Fund, Rs 5000 - HDFC Balance Fund, Rs 2000 each BSL and DSPBR tax saver, Rs 2000 Reliance Small Cap. My horizon is 7 years and I need 7 lakhs, after 14 years Rs 15 Lakhs and after 21 years at retirement - Rs 1 Crore. How should I manage it? Are my selection of Funds good? What else I can add in the near future?

May 18, 2017 by Anoop Singh, Noida | Mutual Fund

You have selected good funds from diversified, balanced, mid & small caps and ELSS category of funds to invest for your long term goals. Your total current monthly SIP is Rs 16,000. Let us analyse how you can... Read More

Should I invest when the markets are now at high level

I want to have a lump sum investment of Rs. 250000 in Multicap fund. Please advise me that lump sum investment is right or wrong at this time because Sensex is touching so high. Please advise me about some funds also?

May 16, 2017 by R K Singh, Chennai | Mutual Fund

Please see our article on Top Performing Multicap funds. You can select one or two funds from our selection for your investment. Regarding your question whether it is wise to invest in equity mutual funds... Read More

How can I get 1 Crore term plan cover

I need a Term Plan, can you suggest me I was thinking of Aegon Life Insurance it is cheaper from others, I want now more about this company when it was launched and is it trust worthy to invest in this company I need 1 Crore policy but my ITR returns is 3.25 gross profit for that they are giving only 46.00 + Lakhs, if I enter my 10.00 lakhs income which I am not having for 1 Crore policy, does they Verify my ITR?

May 16, 2017 by Suneel Kumar, Raichur | Life Insurance

Let us address your second question first. Income proof is required for buying term life policies. Different companies have different policy approval procedures, but it is quite likely that they will verify... Read More

Information regarding dividends paid by Sundaram Mutual Fund

Thanks for your emails giving a good lot of information on MF. I would like to know the details of the dividends declared by Sundaram Mutual Funds - specially on equity oriented Schemes only in this financial year 2017-18 (from 01-04-17) - that is Scheme, Record date and the percentage of the dividend?

May 15, 2017 by Ramchandra Kulkarni, | Mutual Fund

Please note the following... Read More

To diversify my portfolio should I invest in ELSS Funds

I want to invest upto Rs. 10,000 pm. I have been investing in 3 fund: 1) SBI Blue Chip - Rs. 2,000 pm, 2) SBI Magnum Midcap - Rs. 2,000, 3) Axis Long Term Equity Plan - Rs. 2,000. So, respected sir/madam please guide me, which type of fund I should buy now for better diversification. Confusion in these two types funds: 1) Should I add one more Multi-Cap Fund Or, Should I choose one balance fund Or, 2) should I add one more tax saving fund? My name is Sachin Negi, Age-50 and Salary : 50,000. PPF investment – 1 Lakh?

May 15, 2017 by Sachin Negi, Agra | Mutual Fund

As your salary is Rs 50,000 per month and annual Rs 600,000, we think, you should focus on investments for tax savings. Your PPF Investment is 1 Lakh as you have mentioned. But, we are not sure if this is... Read More

If my current investments are enough to meet retirement life

If I retire today, whether my investment returns/income after retirement including pension will sustain my living for me and my wife. I have one son, who is well settled and independent. My investment portfolio as follows: Liablities - Housing Loan 1 - Rs 12,00,000 - EMI 12,000, Housing loan 2 - Rs 800,000 - Rs 6,000, Car Loan - Rs 400,000 - EMI Rs 5,000 and personal loan Rs 600,000 - EMI Rs 6,000. Assets - 1BHK Flat 18,00,000 - Rent Rs. 6,000, 2BHK Flat - Rs 45,00,000 - Rent Rs 10,000. 2BHK House - Rs 45,00,000 - Rent Rs 7,000 and 2BHK Flat - Rs 65,00,000 for self at Bangalore. Retirement Fund - Rs 50,00,000, Pension - Rs 38,000 Per Month, Shares - Rs 25000, Mutual Fund - Rs 25000, Savings FD - Rs 300,000. Today I'm Getting Rs. 75,000 as Salary and I Have 4 years of service left. Plese guide me, If I retire today whether I will sustain my retirement period?

May 15, 2017 by Srinath Kamath, | Retirement Planning

Thanks for writing to us. Do not take our suggestions as financial advise. We have following to suggest - You have 30 Lakhs worth of liabilities but you have not mentioned if the EMI of these different liabilities... Read More

Will short term funds good to invest for a year

If I want to invest larger amount in liquid fund & short term debt fund with very no risk & batter return than bank fix deposit than which scheme would be batter to invest and my horizon for investment is 1 year please revert back on same?

May 14, 2017 by Harshit Parikh, Thane | Mutual Fund

We think, you should invest in short term debt funds as your investment horizon is 1 year. You can check and select a top performing short term fund from here... Read More