Investment, Financial Planning, Mutual Fund & Income Tax Queries

Is my mutual fund portfolio consists of moderately aggressive schemes

I am a first-time investor, working professional 27 years old. My gross earning is 5.7 lakh per annum and monthly income about Rs 48,000 including allowances. My goal is to invest for a period of 5 years with moderately aggressive schemes giving high returns. I want to put my money in tax saving equity schemes of ELSS. I have chose to invest 15,000 pm in DSP BlackRock Tax Saver Fund(G)-Direct Plan. Also I want to invest 10000pm in Large Cap Equity based Fund in Birla Sun Life Frontline Equity Fund(G) plan. Can you please tell me if I need to invest in more plans and diversify my portfolio?

Apr 4, 2017 by Utkarsh Mathur, Ghaziabad | Mutual Fund

Your choice of DSP BlackRock Tax Saver Fund for saving taxes is absolutely fine. This fund is one of the top performing in the ELSS category. Your choice of Birla Sun Life Frontline Equity Fund from the... Read More

How to find historical NAVs and scheme performances

How to find historical NAVs and Scheme performances of various mutual fund schemes?

Apr 3, 2017 by R P Srivastava, Ranchi | Mutual Fund

Thanks for writing to us. You can find the historical NAVs of mutual funds from here... Read More

Does SBI Magnum Midcap and SBI Magnum Balanced fund has lock in period

Does SBI Magnum Mid Cap & SBI Magnum Balanced Fund has the lock in period of 3 years or I can switch out any time. Are these funds really good?

Apr 3, 2017 by Arun, Jammu | Mutual Fund

SBI Magnum Midcap Fund and SBI magnum Balanced fund are open ended mutual fund schemes and therefore does not have any lock-in period. You can switch or buy additional units in these funds anytime... Read More

Should I invest surpluses in SBI Savings Fund

I would like to regularly start investing in Mutual funds from April 1st 2017 onwards. I keep aside some amount aside for urgent requirements. If this amount I park in SBI SAVINGS FUND & similar funds in their daily/weekly/monthly dividend schemes, will the dividend earned will be taxable? I may not require the invested amount or the portion of that amount atleast for a month or more till the need to redeem the fund. My objective is to avoid the tax on the interest that I have to pay. Please guide me about the tax liabilities on redemptions of such funds so that I start putting my surplus amount in such funds every month and build up a portfolio?

Apr 3, 2017 by Vitthal Gharpure, Ahmedabad | Mutual Fund

Great to hear that you want to start investing in mutual funds. Yes, you can park the investible surpluses in SBI Savings Fund and use this like a savings bank account. That means whenever you have... Read More

Have I selected right funds for SIPs

I Am investing Rs 1000 each in UTI equity fund, Reliance Small Cap Fund, SBI Bluechip Fund, BSL Frontline Equity Fund and ICICI Value Discovery Fund and Rs 2000 in HDFC Mid Cap Opportunities Fund. Is my fund selection is good? Also suggest me the fund so that I can invest Rs 5000 for 3 years?

Apr 3, 2017 by Monoranjan, Assam | Mutual Fund

You have selected good funds from large cap, diversified and mid & small cap category for your SIP investments. Please note that these funds are suitable only if you can take moderately high to high risk over... Read More

Is selection of mid cap funds a wise decision

I have recently invested Rs. 2000 each to Franklin India Smaller Co. Fund, Sundaram Rural India Fund and Sundaram Select Midcap each. Is it a wise decision? I am working, 27 year old?

Apr 3, 2017 by Ashishh, Delhi | Mutual Fund

Investments in mutual funds should be made based on your risk profile. The funds you have selected are amongst top performing in mid & small cap category and ideal for investors with high risk profile and... Read More

Have I selected right funds based on my risk profile

I am 31 now and have decided to start SIP from the next month. I have zeroed in on SBI Bluechip, ICICI Pru Value Discovery, UTI Midcap and Reliance Small cap, want to invest Rs 5000 monthly in each of these funds. My goal is wealth creation, horizon is long term and am okay with moderate risk. Have I selected right funds? Please give your feedback?

Apr 3, 2017 by Joyeeta, Kolkata | Mutual Fund

Though you selected right funds from large cap, diversified equity and mid & small cap category of funds, these funds may not be suitable for you as your risk profile is 'Moderate'. These funds are ideally suited... Read More

Where in Delhi can I renew my ICICI Prudential MF SIP

I want to know ICICI MF offices where I can apply to extend period of my SIP in Delhi?

Mar 31, 2017 by Youdhveer Singh, | Mutual Fund

You can visit any of the following ICICI Prudential Mutual Fund offices in Delhi in order to renew... Read More

Can balanced fund dividends help meeting the monthly expenses

I've seen your website very lately and impressed with the data and tools provided. I immediately signed up to use it to the fullest. Double thumbs-up keep up the good work. I'm looking for this kind of site for quite long time. I'm planning to invest lump sum amount in monthly dividend paying Equity fund. I'm in search good fund which pays dividend consistently, better than bank or post office FD, close to 12 to 15%. Kindly let me know your suggestion on my preference?

Mar 31, 2017 by Chandra Mohan S, | Mutual Fund

Thanks for the kind words. Happy to note that you liked our website and found the data and tools useful. Please note that there are hardly any equity funds which pays monthly dividend regularly, as desired by... Read More

How to get the desired SWP amount from lump sum investment in balanced fund

I was surprised to see the reply mail for my query. Thanks a lot guys. I wish you guys all the best for successful in business. Actually, this investment advise is for one of the customer. His son-in-law (Aged 35 years) was working in reputed Software company and passed-away on October 2016. His family received an insurance amount and Company's final settlement of around 50L. He was surviving with Wife and 2 kids(8 and 2 years old). He was the only bread earner in his family. My customer asked a favour of some good returns deposit/investment. Following are the suggestion given - 1. 4.5L in post office (MIS) scheme which is earning 7.7%, 2. Sukanya Samridhi Scheme for his grand-daughter for an amount of 50K per annum, 3. SIP DSP Black Rock micro cap fund for monthly Rs. 5000, 4. I suggested him to go for 25L in monthly dividend scheme and invest in 5 funds, He wants Rs. 45000/month in deposit and investments. So, I need some suggestions on 4th point and any other suggestions are highly welcomed. Bifurcating to 4 or 5 different buckets with Min to Max risk funds in Monthly dividend funds. Any input from your side is highly appreciable and helpful to his family?

Mar 31, 2017 by Chandra Mohan S, | Mutual Fund

I think we missed out this communication from you and thus the delayed reply. We do not know if you still need the desired information? Nevertheless, we are trying to answer your query... Read More