Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can I get a growth of annual 30%

I want to invest one time Rs 500,000, but need growth near about 30%. So suggest me way how to invest?

May 3, 2017 by Dattatray, Maharashtra | Mutual Fund

Expecting a growth of 30% annual from any investment including mutual funds is too much. Our mutual fund research shows that top performing mid & small cap funds, when the sector is doing extremely... Read More

Which funds to invest in for 5 years if risk profile is high

I would like to invest 20 Lakhs lump sum amount in MF for 5 years. I am high/moderate risk taker. So advise me which MF should I go for it. And I am expecting return at least greater than 15%?

May 3, 2017 by Tinku Rob, Kolkata | Mutual Fund

You have mentioned your risk profile as high/ moderate which is bit confusing. It can either be high or moderate. As you are looking for returns above 15% and your investment horizon is 5 years, you can invest... Read More

Should I make changes in my mutual fund selections

I have SIP of Rs. 5000 each in the following funds: 1) DSP BlackRock Micro Cap Fund, 2) Franklin India Prima Fund, 3) Franklin India Smaller Companies Fund, 4) DSP BlackRock Opportunities Fund, 5) Kotak Select Focus Fund, 6) DSP BlackRock Tax Saver Fund, 7) Mirae Asset Emerging Bluechip Fund, 8) Birla Sun Life Frontline Equity Fund, 9) Reliance Small Cap Fund. I am 29 years, want to invest for 15 years. I am investing in these funds since 6 months. I want to invest more for long term & I can take risk. Can you suggest me some funds? Also should I make any changes in the above funds?

May 3, 2017 by Rohit Jain, Mumbai | Mutual Fund

You have really selected very good funds from large cap, diversified, ELSS and mid & small cap categories and the same is ideal for someone having a high risk appetite for a long term investment horizon... Read More

Please advise if I have selected the right funds

I have investments in following funds through SIP since Oct 2015 for 15+ years, Request to review investments: 1. Axis LTE - Direct G - Rs 4000, 2. ICICI Prudential Value Discovery - Direct G - 2500, 3. UTI Mid Cap - Direct G - 2500, 4. Lump sum investment of Rs 90,00 in DSPBR - Direct G. I am planning to add Franklin India Smaller Companies and 1 Balanced Fund. Please advise. Debt investment in PPF and FDs. I am 33 years of age?

May 3, 2017 by Mukul, Chandigarh | Mutual Fund

You are investing in good funds through monthly SIPs and the same can be continued for the long term while reviewing the respective fund performances at least once every year. You have not given the full... Read More

In which category of funds should I start my new SIPs

I am 31 years old. I am married and have one 9 month old daughter. I am single earner for the family. I want to create a good retirement corpus. My risk appetite is high. I have started SIP of 15,000 this year Jan 2017 and have selected the below funds. Large cap: 1) Birla Sun Life Frontline Equity G 2000, 2) ICICI Prudential Focused Bluechip equity Fund G 1000, 3) Kotak select focus fund G 2000, Mid Cap: 1) Franklin India Smaller Companies Fund G 2000, 2) Mirae Asset Emerging Bluechip Fund G 3000, 3) DSP BlackRock Micro Cap Fund G 3000, Diversified 1) Principal Emerging Bluechip G 2000, 1) Need your advice to check if these are good funds. Do I need to reduce a few funds and/or add more funds. 2) I have 3 large cap funds, 3 small/mid cap funds and 1 diversified fund. Should I add a few diversified funds? I am planning to add 2000 SIP more so looking for good funds to invest this amount? 3) Also I have a lumsum amount of 2 Lakhs that I want to invest. Should I invest it in these funds only & what proportion. 4) I have read a lot of your answers to queries and usually for diversify funds you have not recommended "L&T India Value Fund (G)". Any reason why this is not a recommendation Out of these diversified funds which one do you recommend as per my protfolio. L&T India Value Fund (G), Franklin High Growth Companies Fund (G), ICICI Prudential Value Discovery Fund (G), Birla Sun Life Equity Fund (G), Birla SL Advantage Fund (G), 5) As market is high is this a good time for lumpsum amount investment? If not then how much should the sensex be down eg 200 points/500 points that day when I should invest lumpsum Thanks in advance for your answer. Appreciate your hard work on answering so many questions in the queries section?

May 3, 2017 by Shoaib, Pune | Mutual Fund

Even though you have mentioned about creating a retirement corpus, you have not mentioned the target amount and number of years after which you need to have this corpus. Your fund selection for SIPs is... Read More

For fixed income is balanced fund better than Fixed deposits

For fixed income which is better from following two 1. Balanced Mutual fund dividend payout option, 2. post miss or fixed deposit monthly interest?

Apr 29, 2017 by Mitesh, Anand | Mutual Fund

You cannot compare balanced funds with fixed deposits or post office schemes. More 65% of balanced fund assets are invested in equity or equity related securities which are subject to market risks; bank... Read More

Are funds selected for my SIPs good enough for long term

I am currently doing SIP of Rs. 20,000 per month and investing into 10 schemes. Though, they have performed well, but I think I have over diversified my Investments. All funds are Growth Plans. I am 24 yr old and I am investing in SIP for buying tax planning, home after 20 yrs and for retirement at the age of 60 perspective. ELSS Birla Sun Life Tax Relief 96 - 5000, DSP BlackRock Tax Saver - 3500, Axis Long Term Equity - 1500, Large Cap Birla Sunlife Front Line Equity - 2000, ICICI Prudential Value Discovery - 1000, Balanced ICICI Prudential Balanced Fund - 2000, HDFC Balanced Fund - 2000, Mid & Small Cap DSP BlackRock Micro Cap - 1000, Franklin India Smaller Companies - 1000, Multi Cap SBI Magnum Multi Cap Fund - 1000. What would be the right strategy now?

Apr 29, 2017 by Suraj, Mumbai | Mutual Fund

All the schemes selected by you are good schemes. You also have a good asset category mix between large cap, midcap and multicap; the ELSS are essentially, either large cap or multicap schemes. However... Read More

Should I invest the lump sum now as the market is at very high level

Currently I invest in 3 Mutual Funds with a SIP (monthly) of Rs. 1,000 each. These are - ICICI Value Discovery Fund (Regular), Reliance Tax Saver ELSS Fund (Regular), and Mirae Asset Emerging Bluechip Fund (Direct). All are for long-term, say 15 - 20 - 25 years. Now, I would like to invest a lump sum of Rs. 50,000 or 25,000 + 25,000 in one or two of them. Which of them will be the perfect option. If so, is it the right time to invest a lump sum in any fund, because market, at this moment, is highly performing with Sensex reaching 30,000 mark? And, if I invest a lump sum in any fund, what will be the perfect time period to do so (I mean - 5 years, 10 years, etc.)? I await your valuable reply?

Apr 27, 2017 by Saptak Ghosh, Delhi | Mutual Fund

You have selected good funds for your current SIPs and you can expect good return as your investment horizon is quite long. With regards to your lump sum investment of Rs 50,000 or 25,000 x two funds, you... Read More

Which AMCs are accepting NRI ELSS investments

Please advise me which MFs are accepting online NRI ELSS SIP in growth option. Also please add my email in your list?

Apr 27, 2017 by Naran Patel, | Mutual Fund

Following AMCs are accepting NRI investments (online and offline, both) in ELSS as well as other schemes – ICICI Prudential Mutual Fund, SBI Mutual Fund, Birla Sun Life Mutual Fund, UTI Mutual fund... Read More

How to plan my life financial goals

I am 23 years old and would like to start my SIP investment. I earn 50,000 per month post tax and My expenses are 10,000 per month. I already have 1 Crore term plan of HDFC Life Insurance and I do RD of 5,000 per month. I want to take full benefit of Sec 80C by investing 12,000-13,000 per month in ELSS funds and my balance investments of 12-13,000 would be in other mutual funds. Kindly suggest which funds to choose. I can increase the SIP by 10-15% every year as well based on my increase in income. I have 5 different goals:- Retirement - 15 Crores (37 years from Now), Marriage - 15 Lakhs (4 years from Now), Car - 10 Lakhs (10 years from Now), Children Education - 2 Crores (25 years from Now), Home - 10 Crore (25 years from Now)?

Apr 27, 2017 by Ankit Shah, Mumbai | Mutual Fund

Great to have received your query and delighted to note that you want to start investing in mutual funds from a very early age of 23! We are also glad to note that from a very young age you want to plan for your... Read More