Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can you suggest schemes where I get regular return

I shall soon be retiring from service & would like to invest most of my PF, Gratuity & other retirement benefits in a basket of investments which would fetch me annual return of 10% or above (preferably tax free). Could you please help me in schemes where my principal investment is safe & also fetch me reasonable return to take care of my post retirement life?

Apr 27, 2017 by Avadhesh Mathur, | Mutual Fund

For availing tax free returns, mutual funds could be a good way. But as you are looking for safety of principal investments this may not be the right choice for you. If you are not ready to take even minimum... Read More

Can you let me know best hybrid funds to invest

I want to invest in mutual funds, so I want your help. Which is the best hydrid risk mutual funds in India. Please help me out?

Apr 27, 2017 by Mydur Shashi Kiran, | Mutual Fund

Glad to note that you want to invest in mutual funds. There are two kind of hybrid funds - 1) Hybrid debt oriented funds, which are popularly known as MIPs as well. These funds invest 5-35% in equities and rest... Read More

How to invest directly in ICICI Prudential AMC and Birla Sun Life AMC schemes

I am based in Mumbai - Dadar west. Just for information, I would like to do the investment directly with the AMC and not through any broker. Also I want your advice. I would like some income from the investments I would do. As for now, whatever information I could gather from the net was that balanced funds seem to be safer and with better returns?

Apr 27, 2017 by Abha Pandit, | Mutual Fund

You can contact ICICI Prudential Mutual Fund by calling their Customer Service numbers 1800 222 999 or 1800 200 6666 or you may write to them at... Read More

How to calculate tax on STP from liquid to equity funds

I am having a monthly STP from liquid fund to equity fund. Please guide me how to calculate tax or gain in amount of liquid fund for income tax purpose and what is % of tax in a financial year?

Apr 27, 2017 by Rajan Khatri, | Mutual Fund

Had you given us the fund names, amount, STP frequency and the date of investment we would have given you the exact calculations using our STP return calculator tool... Read More

Would like to know about SBI Magnum Global Fund

Want to know about SBI Magnum Global Fund?

Apr 27, 2017 by Sudeshna, | Mutual Fund

SBI Magnum Global Fund is a midcap fund from SBI Mutual Fund stable. The fund has been around for more than 10 years and has been underperforming for the last few years. Though a few top performing... Read More

Whether I need to submit FATCA AMC wise

I am a subscriber of your esteemed organisation and I receive your mails regularly. I would request you to please let me know whether the investor is required to submit fotca compliance form account statement wise or AMC wise. Secondly, whether this is applicable for fresh investment or investment made earlier?

Apr 27, 2017 by Kailash Mohanty, Bhubaneswar | Mutual Fund

FATCA is applicable for old as well new investments and it is a one-time process which all investors must comply with within 30th April 2017. You need not submit FATCA for each and every AMC, instead you can... Read More

Where to get a debt fund return and tax calculator

I am a mutual fund advisor. I wanted to know if there is a calculator/Excel sheet for calculating returns for debt funds with and without indexation. I have another question regarding long term capital gains tax rate on debt funds without indexation benefit. Is it 10% or removed?

Apr 27, 2017 by Rajan Desai, | Mutual Fund

You can check these two research tools on our website which can answer your query with regards to calculating returns on debt funds with and without indexation... Read More

Which fund is good for STP of one year

I want to do 2 STP's of 1 lac each with a time horizon of 1 year. Request you to please suggest some good funds for the same?

Apr 26, 2017 by Vinu, Mumbai | Mutual Fund

If your investment time horizon is only 1 year, you can invest in ultra short terms funds. Here you can check the top performing funds in this category... Read More

Can you suggest different equity funds for SIPs

My age is 35, I want to achieve 1Crore till my age 50 to 55 yrs. My savings 2 lacs in FD, have LIC Jeevan Anand for 2 lacs each on my Mom, Wife and Myself, and also having Jeevan Lakshya 5 Lakhs on Myself total 9 Lakhs policy, just now started investing in MF, Rs 2000 each in Birla Sun Life Top 100, ICICI Prudential Top 100 Fund and SBI Magnum Taxgain Scheme total Rs 6000. I want invest more Rs 10,000. Please suggest me high, moderate and low risk funds and also I was thinking stop SBI Magnum Taxgain fund and start DSP BlackRock tax saver fund?

Apr 26, 2017 by Suneel Kumar, Raichur | Mutual Fund

Your mutual investments are in two large cap funds and an ELSS fund. Since your investment goal is wealth creation, you should invest in equity funds. Small and midcap is the riskiest fund category. Within... Read More

How to leave a legacy of a good corpus for my son

I am a senior citizen with no financial commitment, having interest income within taxable limit of Rs.3 lakhs pa. I live in my own residence with my spouse and have ample medical cover. My employed and independently settled son supports me financially every month even though I advised him to save that amount in suitable mutual funds. My FDs amounting to Rs.10 lakhs maturing in various months from April to November 2017 may not be worthy of renewal due to reduced rate of interest. Since I don’t have to depend on returns from the above FDs for my monthly expenses and that I would like to leave a legacy of a good corpus for my son, I have in mind the following options: 1) Invest the FD amounts, as and when they mature, in Sr. Citizens Savings Scheme (SCSS) fetching 8.4% p.a. at present, as I am now within Rs.15 lakhs limit each for me and my spouse. And invest the SCSS returns in monthly SIPs in two MFs (Multicap and Midcap) for 5 years. OR 2) Invest the entire 10 lakhs as and when the FDs mature, as lumpsum of Rs.5 lakhs each in (a) ICICI PRU VALUE DISCOVERY FUND and (b) SBI MAGNUM BALANCED FUND and allow the investment to grow to a good corpus. Which option do you suggest would be ideal for me in order to generate a better corpus? I do not like to get into debt funds with uncertain returns, as even with the fixed 8.4% interest on SCSS; I will be within taxable income?

Apr 26, 2017 by TVP Kakshan, | Mutual Fund

The option you chose will depend on your investment objective. If for any unforeseen reason you fear that, you may have to depend on the FD maturity amounts for your and your spouse's expense needs in... Read More