Investment, Financial Planning, Mutual Fund & Income Tax Queries

Where can I invest monthly surpluses to reach my goals

This is Bala from Chennai. Working in private concern. Salary about 49,000. Having surplus of 6-10,000 per month. Where should I invest this amount - (MF,SIP,PPF) as I am less risk taker. My goals are individual house (10 years), children's education (15 years), children's marriage (20 years)?

May 3, 2017 by Bala Subramaniam, | Mutual Fund

As a less risk taker you should invest in PPF or fixed income products. PPF will be suitable if you also want to save taxes also. However, as you have 3 long term goals - individual house, children education... Read More

Want to invest in one year SIP to pay back home loan

I want to prepay my home loan on an annual basis. For this, I wish to initiate a SIP for a year to get some extra gains (quite possible to end up in loss in case of a meltdown during which I will not exit from the fund). I request you to suggest some funds to invest for this purpose?

May 3, 2017 by Vinu, Mumbai | Mutual Fund

Good to hear that you are planning to pay back your home loan on an annual basis by creating a corpus from mutual fund SIPs. Please note that since the investment horizon is one year only and the objective... Read More

Can you provide details of high return funds with low risk

Please suggest for SWP for 8 years 5 nos MF with UTI mate best, different sectors (high return), lowest volatility & expenses ratio, highest return (more than 30%) and low risk. These MF are for my daughters (Inter & primary school) education purpose with a investment of 20 Lakhs?

May 3, 2017 by Ravi G, Hyderabad | Mutual Fund

Thanks for writing to us, but sorry to say, we are unable to help you much due to the following reasons - You have mentioned selection of best funds from different sectors for SWP and you are also looking for... Read More

Which Mutual Fund MIPs can give me better returns

I wish to invest 10 lakhs in MIP Mutual Fund (Monthly Dividend) which one or two mutual funds would you recommend. I am retired, 63 and I need a monthly income. I have FDs which give me a monthly income but I wish to now move 10 lakhs into MIP MFs?

May 3, 2017 by Jehangir Chinoy, Pune | Mutual Fund

Glad to hear that you want to invest in mutual fund MIPs in order to get superior return over Fixed deposits. ICICI Prudential MIP 25 Plan Monthly Dividend and Birla Sun Life MIP Wealth 25 Plan Monthly Dividend... Read More

Which is the best fund to park for 3 to 4 months

Thanks for advising us through your website. That so informative and enriching. Could you please advise me the best funds to park funds for 3-4 months?

May 3, 2017 by Srikanth, Bhimavaram | Mutual Fund

Thanks for the kind words about our website which we truly appreciate. You can invest in liquid funds as your investment horizon is only 3-4 months. Liquid funds can give you 3-4% higher return than that of... Read More

Should I remain invested in Reliance Tax Saver Fund SIP

I have an SIP of Rs. 2000 in Reliance Tax Saver Fund from August 2012 and average cost per unit of my fund is around Rs. 35. Should I partially book profits and invest in some other fund like ICICI Value Discovery Fund or should I stay invested?

May 3, 2017 by Vinayak, Bangalore | Mutual Fund

You should continue with your SIP in Reliance Tax saver Fund as it is one of the top performing funds in the ELSS category. SIP in mutual funds is all about long term investing as you benefit from rupee cost... Read More

Should I avoid portfolio overlap in mid cap funds

I am 32 years old investing 5,000 each in below funds, 1. DSP BlackRock Micro Cap, 2. Franklin India Smaller Companies, 3.Reliance Small Cap, 4. HDFC Mid Cap Opportunities Fund, 5. Mirae Asset Emerging Bluechip. I am very well aware of the risk in investing small/mid cap funds and would like to continue investing in these funds for 12+ years from now. I am concerned about the portfolio overlaps. I used your website research centre to find common stocks across these 5 MF and found an average of 51 percent holdings is overlapped. So, how do I reduce the portfolio overlap. I have read your article: https://www.advisorkhoj.com/company/Principal-Mutual-Fund/articles/Should-you-invest-in-large-cap-or-midcap-mutual-funds. Where you have suggested to invest in multiple funds when it comes with small/mid cap funds for diversification. Please let me know if I can continue with my existing portfolio of above 5 funds for next 12+ years without worrying much about portfolio overlap as its expected. Or do you suggest removing anyone of the funds from my portfolio to avoid portfolio overlap ? Please advise?

May 3, 2017 by Gowtham, Bangalore | Mutual Fund

You have done a very good home work. First, by selecting top performing funds from mid & small cap category and second by studying the portfolio overlap between these funds which is around 51%, according... Read More

Which mutual fund to select as I am a moderate risk taker

Want to invest Rs. 15,000 per month. Moderate risk taker for 10 years. Please give the funds name, amount of investment in each fund,got maximum return, how much?

May 3, 2017 by Bhawani, Howrah | Mutual Fund

Being a moderate risk taker, you can invest in balanced funds. Some of the top performing balanced funds are, ICICI Prudential balanced fund, HDFC balanced fund, SBI Magnum balanced fund and Birla Sun... Read More

How to recover my company fixed deposits

I have invested my money in Company fixed deposit of Unitech, Micro Technology and Plethico Pharmaceutical. I am not getting my money back from these companies and my FD matured in 2014. Can you please suggest us what can be done? I think there are many consumers who are facing this issue?

May 3, 2017 by Soniya, New Delhi | Financial Planning

There are quite a few options available to you to recover the amounts from the defaulting companies. Under the Companies Act, 2013 a depositor is free to file an application under sub-section (4) of section... Read More

Can I re-cash target corpus of Rs 7 Crores with current mutual funds

I have invested in following mutual funds. SBI Blue Chip Fund - 40,000 per month, Reliance Growth fund - 8,000 per month, ICICI Prudential Value Discovery - 10,000 per month, DSPBR Equity Growth fund - 5,000 per month, DSPBR Micro Cap Fund - 20,000 per month, Birla Sun Life Top 100 - 5,000 per month, Birla Sun Life Frontline Equity Lump sum - 30 Lakhs. I am getting good returns in all my funds. Do I need to add some more or re-look at any of fund. My Target is to reach 7 Crores in next 15 Years, My age is 42 Years. Please suggest?

May 3, 2017 by Nitin Bajpai, Mumbai | Mutual Fund

You have selected good funds from large cap, diversified, mid & small cap category of funds and the same is a perfect fit for an aggressive investor. You are currently investing Rs 88,000 through monthly SIP... Read More