Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can you please advise me if my investment planning is correct

First of all, you are doing great job by giving the details about investment. I have gone through many Blogs & websites but no one review the person's investment, without Money and providing the suggestion. All your articles excellent. Can you please review my investment and share your feedback. Age: 30, Monthly salary: 50000, Monthly Expenses: 20000. Current Investment: SBI Bluechip Fund - 1500 (Last 6 months, I will continue more than 5 years), Tata Balanced Fund - 2000 (Last 15 months, I will continue more than 5 years), Reliance Tax Saver Direct Plan - 25000 (SIP for One Year currently Stopped), HDFC Top 200 Direct Growth - 22000 (One time Investment Keeping last one year), HDFC Medium Term Opportunities Fund - 50000 (Lumpsum from last one month), Birla Sun Life Retail Plan Growth - 25000 (Lumpsum from last one month). Planning to investment 3 Lakhs Post office Monthly saving scheme, also reinvest the post office interest amount in some mutual funds. This is for next 5 to 6 years. I would like to know if this is the correct way. If not please suggest some fund to park the money?

Sep 6, 2016 by Venkatesh, Chennai | Financial Planning

Thanks for the kind words and the appreciation. We at Advisorkhoj, are committed to help the investment advisory eco system and thus it is our endeavour to answer each and every query raised by investors and... Read More

Should I redeem my investment in HDFC Top 200 Fund

I have invested Rs. 41000 in HDFC Top 200(G) fund in year 2010. As now days sensex is at top, should I exit or sensex will make more high in future. As on today I'm getting my money doubled?

Sep 6, 2016 by Varad Raj, Rishikesh | Mutual Fund

It is very difficult to predict the markets and thus advise if you should redeem your investments in HDFC Top 200 Fund or not? Having said that, our suggestion would be to hold on to the investment simply... Read More

Should I invest in ELSS Scheme from the sale proceed of selling a house

Should a investment in ELSS Scheme from the sale proceed amount of selling a house for Rs. 38 lakhs is a wise decision. If not then what are ways in which tax can be saved and the sale amount also gets appreciated over a period of time?

Sep 6, 2016 by Deep, Patna | Mutual Fund

Investing in ELSS the proceeds received from sale of a house is not a wise decision. Please note that by investing in ELSS funds you can only save Rs. 150,000 per annum under Section 80C of the Income Tax... Read More

How my parents should invest the proceeds received from sale of a house

My retired parents wants to sell off one of our house in Patna and expect a sale proceed value of Rs. 38 lakhs. Now they are not sure as where and how to invest and utilize this amount. They don't enjoy any pension. How can we plan to appreciate this amount over span of next 5-7 years. Please guide?

Sep 6, 2016 by Deep, Patna | Mutual Fund

First, your parents should consult a tax advisor and figure out if any capital gains tax needed to be paid on the sale proceeds received. If yes, then there are schemes where your parents can invest the desired... Read More

Can you tell me good debt mutual funds to invest for 3 years

Please suggest good debt funds for investment of lumpsum 10 lakhs for 3 years duration?

Sep 3, 2016 by Rajasekar, Noida | Mutual Fund

You can choose a good debt fund for investing your 10 Lakhs for three years from the below link... Read More

Can you please suggest funds to invest 3 Lakhs for 5 years

I want to invest 3 Lakhs lumsum amount. The time horizon is 5 years. The purpose of the investment to buy house after 5 or 6 years. Can you please suggest some option to park the money?

Sep 3, 2016 by Venkatesh, Chennai | Mutual Fund

If you can take moderate risk, then your 3 Lakhs lump sum amount can be invested in Balanced or large cap funds for the next 5 years. But, if you can take higher risk then investing in diversified equity funds... Read More

I am an ARN holder and can I work with Advisorkhoj

I am ARN holder wish to work with advisorkhoj. Right now I am with PRUDENT CORPORATE?

Sep 3, 2016 by Anil Purswani, Ahmedabad | Mutual Fund

Thanks for writing to us and showing your willingness to work with us. This is most appreciated. However, please note that we are not into mutual fund distribution and therefore ARN holders cannot work with us... Read More

Should I blindly do SIPs every month or try to time the market

First of all, you are doing a great job by providing very informative articles on MF. Also, those MF research section is very impressive. I need to invest 70K for a span of 10 years. I have already started 30K in RD for 10 years, so need your advise of rest 40K in Pure equity MF. I can take fair amount of risk as I can stretch the term > 10 years for more returns. Just started investing in following funds, 1. Franklin Smaller Company Fund - Direct/Growth - 20K, 2. ICIC Pru Value Discovery Fund - Direct/Growth - 20K. I refrained from large cap, as I already allocated half in RD. 1) Advise on the above portfolio. 2) Using Valueresearch site to track my portfolio - you can also suggest best site/app to monitor. 3) Should I blindly do SIP every month or try to time the market (save money and wait for market correction to invest)?

Sep 3, 2016 by Sri, Malaysia | Mutual Fund

Thanks for the kind words and the appreciation. Glad that you like our articles and also the mutual fund research section. With regards to your RD, I think you are doing it through a bank. Here our suggestion... Read More

Which are the best MIP or hybrid funds for transferring dividends to equity funds

I am 39, single, want to invest 10L rupees in the MIP or Hybrid fund and monthly dividend want to re-invest in the equity funds. Kindly suggest good funds or alternate solution for the investment?

Sep 3, 2016 by Bhushan Khatu, | Mutual Fund

For investing in MIP or Debt oriented hybrid mutual funds you may refer to the following link... Read More

I understand some basics of equity investing but want to know about mutual funds

I as a small investor, understand some basics of share trading and doing it; But I am not able to understand the intricacies of Mutual fund; what are the parameters to be considered for selection before investing; Guide me?

Sep 3, 2016 by Renganathan Narayanaswamy, Chennai | Mutual Fund

Glad to hear that you understand about equity investing. However, retail investors like you should know more about mutual funds and invest in these to meet or fulfil your financial goals and other requirements... Read More