Investment, Financial Planning, Mutual Fund & Income Tax Queries

I want to start a SIP for education of my child

I am 35 and I have so far not invested a single penny in mutual funds, but in RD, insurance, various Govt. schemes to the tune of 2.4 lakhs per annum. I want to build a corpus for my child (5 years old) education and marriage. I can invest 4000 pm in SIP from now on. How should I go about it?

Sep 12, 2016 by Naveen, Navi Mumbai | Mutual Fund

Happy to note that you want to invest in mutual fund SIPs for planning education and marriage of your child. Mutual funds SIPs are the best way of creating long term wealth creation and meeting your financial goals... Read More

Where should I invest to get regular income

I want to invest Rs. 5 Lakhs with a regular income as we are retired. Will that income be taxable? Please suggest. We have already invested in SBI magnum monthly income scheme Rs. 10 Lakhs?

Sep 12, 2016 by Suvra Mallik, New Delhi | Mutual Fund

You have already invested in SBI Magnum Monthly Income Plan and I am sure you are enjoying the monthly/ quarterly dividends. Please note the the dividends received from MIPs in your hand is tax free but... Read More

I want to invest for 2 - 3 years in mutual funds

I want to invest 1 lac in mutual fund for 2 to 3 years. Please advice?

Sep 12, 2016 by GD, Guwahati | Mutual Fund

If you want to invest for 2-3 years in mutual funds then you should invest in debt mutual funds. Please check the following link and select a top performing debt fund from here... Read More

Where should I invest to get monthly dividends

I want to invest 5 lakhs in mutual funds. I want monthly dividends and also want to grow my principle amount. Please, suggest me some funds to invest on?

Sep 12, 2016 by Sahil, Jamshedpur | Mutual Fund

You should invest in Mutual Funds based on your risk taking appetite. From your query it is not clear how much risk you can take. This would have helped you in answering your query better... Read More

I am unable to login to my AXIS Mutual Fund Folio

I am an existing investor in Axis Mutual fund and my Folio number is 91015219414. I am trying to log in with my e-mail ID but I am getting a response that my Email id is not registered and hence I request you to do the needful so that I can access my account?

Sep 12, 2016 by Raghuveera, Hyderabad | Mutual Fund

Regret that we cannot help you in this matter. You will have to take this up with AXIS Mutual fund directly. You may speak to them at 1800 221 322 04 1800 3000 3300 or write to them at... Read More

Can you kindly advise me about my mutual fund portfolio

Thank you for your informative articles. They are very useful. Now kindly advise me about my portfolio: I have started SIP in few mutual funds - 1. Axis Long Term Equity Fund, 2. Reliance Tax Saver, 3. ICICI Prudential Discovery Value, 4. SBI Magnum Multicap Fund, 5. DSP BlackRock Tax Saver Fund, 6. HDFC Balanced Fund. Each Rs. 5000 per month for 20 years. Is it OK?

Sep 12, 2016 by Vipin, | Mutual Fund

Thanks for the kind words. Glad that you found our articles informative. With regards to your mutual fund investments, please note that you have selected good funds from ELSS, diversified and balanced... Read More

Can Mutual Fund units be transferred like shares

Please let me know whether mutual fund units can be transferred like shares?

Sep 12, 2016 by R.K. Bansal, | Mutual Fund

Please note that units of mutual fund schemes are not transferable like shares. Mutual funds units... Read More

Can a person invest in ELSS for only one year

I have a question to ask about ELSS. Can a person invest in ELSS for only one year or it is mandatory that he has to invest for couple of years?

Sep 12, 2016 by Biman Kumar Chatterjee, | Mutual Fund

ELSS investments are subject to lock-in period for 3 years as you are availing tax benefit under Section 80C of the Income Tax Act 1961. However, if you are investing in ELSS in any year, that does not mean that... Read More

Which is the best SIP fund for 5 years

I want to invest Rs. 3000 per month in SIP which is the best for me for 5 years?

Sep 12, 2016 by Devendra, Gorakhpur | Mutual Fund

If your risk taking ability is moderately high to high then you can invest in SIPs of diversified equity funds. You may select a fund from the following top performing mutual funds... Read More

Should I remain invested in ICICI Prudential US Bluechip Equity Fund

I have been investing in ICICI Prudential US Bluechip Equity Fund - Direct Plan - Growth for 3 years now through SIP. But the fund has not given desired return as on date it is around 10%. What shall I do, should I shift to other fund or should wait for some time. Please advice?

Sep 12, 2016 by Basudev, Barbil | Mutual Fund

You have invested in an Equity-International Fund. This scheme was launched at a time when Indian markets performance was below par and the US markets were doing well. ICICI Prudential launched this... Read More