Investment, Financial Planning, Mutual Fund & Income Tax Queries

Please let me know more about ICICI Prudential Advisor Series Dynamic Accrual Plan

I have invested about INR 5 lacs in ICICI DYNAMIC ACCRUAL FUND-GROWTH. Kindly please let me know the composition distribution of this fund. i.e, in what all categories of companies/bonds this fund has invested and about what percentage? Also if I start to use SWP after one year of my investment, to avoid EXIT LOADS and CGs, then upto what amount should it be feasible to withdraw p.m., so that the the growth of the corpus is not affected during the time of maturity of the fund. Also please let me know upto how much time period should I need to hold the investment in the fund to avoid tax?

Sep 6, 2016 by Jita, Kolkata | Mutual Fund

ICICI Prudential Advisor Series - Dynamic Accrual Plan is a fund of fund which seeks to provide reasonable returns, by making active allocation to the various debt & money market schemes of domestic or... Read More

I am a retired person and want to earn more than the bank fixed deposits

I am a retired person & do not get any pension. So far I use to meet my expenses from the QRTLY interest earned from FIXED DEPOSITS of banks. Now that interest rates offered by different banks have drastically reduced, where shall I invest so that I earn around 10 to 10.5% annually & get proportionate amount of QRTLY interest to meet my monthly expenses?

Sep 6, 2016 by Biman Kumar Chatterjee, | Mutual Fund

To earn more than your bank fixed deposits, you may consider investing in debt funds or MIPs of Mutual Funds. Please have a look at the performance of these funds to understand what could be the difference... Read More

Can you please help me knowing more about SWP STP ELSS to complete my research

Can you tell me that what are the fundamentals, formula, tools used to compare the SIP,SWP,Balanced Fund, ELSS etc. I need these type knowledge to complete my research report?

Sep 6, 2016 by Shailendra Srivastava, Lucknow | Mutual Fund

To know the fundamentals of SWP, STP, Balanced Funds and ELSS etc. you will have to look at... Read More

Do I get the same compounding returns as that of mutual funds from direct equity

If I invested 10000 pm in MF & assuming 20% CAGR. Suppose I invest this same amount in direct equity with a same 20% assuming returns then what is the difference between them I mean can I get compounding returns in direct equity, like a MF?

Sep 6, 2016 by S R Jain, | Mutual Fund

If you remain invested over long period of time in both – mutual funds and direct equities - you benefit by the time period of your holding. As there is no fixed interest pay out, we cannot say that it will compound... Read More

Wanted to know more about Reliance SIMPLY SAVE Mobile App

Wanting to know about Reliance Money App?

Sep 6, 2016 by N.L.Narasimha Rao, | Mutual Fund

This is called SIMPLY SAVE Mobile App. Launched by Reliance Mutual Fund, SIMPLY SAVE App helps you to invest in Reliance Money Manager Fund instantly. Investment in Reliance Money Manager fund is... Read More

Kindly let me know the status of my investment in UTI ETSP Fund

My following investment is completely lost. So far I haven't received any return from this investment. Kindly let me know the status of this investment. Scheme: UTI - ETSP, Invest to ID/ Folio No: 244450911, Name-Suresh Chandra Jha?

Sep 6, 2016 by Suresh Chandra Jha, Raigarh | Mutual Fund

We cannot provide you the details of your investments in UTI – ETSP Fund (UTI Equity Tax Savings Plan) as these informations are available with the AMC or their registrars only. You should contact the local... Read More

Can you please explain the difference in STP Flex STP and Value STP

Can you clarify the difference between STP, flex STP and value STP. Which one is better? Is Value Cost Averaging is better option to Rupee Cost Averaging for a long term horizon?

Sep 6, 2016 by SS Nath, Ahmedabad | Mutual Fund

STP is a mode of systematic investing wherein you transfer a fixed amount at a fixed interval (weekly, fortnightly, monthly or quarterly) from one fund to the another. For example - you have invested, say a lump... Read More

Which scheme my wife should invest her Rs. 5000 SIP

My wife is willing to invest a sum of Rs. 5000 per month through SIP in mutual fund in the name of my minor son who is 8 year old for a tenure of 22 year. In this regard please suggest me how I have to allocate a ideal portfolio to receive a good return after completion of 22 year?

Sep 6, 2016 by Chandrashekhar Rathod, Hyderabad | Mutual Fund

It is heartening to note that your wife wants to invest for 22 years through SIP. She should invest in 1 or 2 good diversified equity mutual funds. Please select a good diversified fund from here... Read More

Can you review my MF portfolio and also let me know how to transact in direct plans

I have recently started investing in MF through an agent, I am currently investing Rs. 10000 every month through SIP. I chose few aggressive funds. My portfolio includes - 1. Axis Long Term Equity Fund - Regular Plan(G) - (4000), 2. DSP BlackRock Micro Cap Fund - Regular Plan(G) - (2000), 3. SBI Magnum Midcap Fund(G) - (4000), Kindly Review my portfolio. Also, I want to invest 5000 more, preferably in direct plans, Can you please suggest some good funds. Also can you provide me with some links which will enlighten me about below topics - 1. Taxation on Mutual Fund and its returns? 2. How can I buy Direct Plans(prerequisites)?

Sep 6, 2016 by Abhishek, Kolkata | Mutual Fund

The funds selected by you for your SIP investments is fine. You have chosen good funds but the overall portfolio is aggressive, therefore your investment horizon should be more than 5 years. For additional... Read More

Is my mutual fund portfolio correct or should I add more mid cap funds

I am 30 years old IT professional. Can you please advise me on my Mutual Fund Portfolio which I am seeing to invest in for 5-7 Years of Horizon: 1) Birla Sun Life Frontline Equity Fund - 1000, 2) SBI Blue Chip - 2500, 3) Kotak Select Focus - 1500, 4) DSP Micro Cap - 2000, 5) Reliance Small Cap - 1000, 6) Frnaklin Small Companies - 1500, 7) Birla Sun Life Advatnge Fund - 2000. So, Portfolio is like: Large Cap: 5000, Mid and Small Cap: 4500, Diversified: 2000. Kotak Select Focus, I am considering as Large Cap as on MonyeCOntrol it is listed as Large Cap but, on your website annd ValueResearch it comes under Diversified scheme. My question is is the Portfolio good enough to continue with, I want some good returns so for time horizon of say 7 years shall I increase Mid Cap Proportion in the portfolio? Any advise will be helpful?

Sep 6, 2016 by Mohit, Mathura | Mutual Fund

Your fund selection for SIPs is absolutely fine and you may go ahead and start investing. Your time horizon of 7 years is also fine as far as investing in these funds through SIP is concerned. Yes, you are right... Read More