Investment, Financial Planning, Mutual Fund & Income Tax Queries

Will the interest amount be taxable if I transfer money to spouse account and invest in FDs

My wife is a house wife and I am a salaried person with proper tax deduction by the company. I want to ask you a question that If I make FD in my wife's name (after transferring money to her a/c), will it be taxable on the interest part?

Sep 3, 2016 by Prashant Bharadwaj, Rudrapur | Mutual Fund

Yes, you can transfer any amount to your wife’s account and invest in fixed deposits etc. in her name. However, showing the transferred amount as gift to your wife would be better as it will be tax free for both... Read More

Can you please review my Mutual Fund portfolio

Can you please review my portfolio? I have a mutual fund portfolio comprising of HDFC Equity Fund - Gr, HDFC Mid Cap Opportunities Fund - Gr, ICICI Prudential Focused Bluechip Equity Fund - Gr, Reliance Pharma Fund - Gr, SBI Blue Chip Fund - Gr, SBI FMCG Fund - Regular Plan - Div?

Sep 2, 2016 by BMS, Hyderabad | Mutual Fund

The schemes in your portfolio are good. However you have invested in two sectoral funds – Reliance Pharma Fund and SBI FMCG Fund... Read More

Is it possible to make 8% more over 10 years if one is investing in MF direct plans in lieu of regular plans

Is it possible for one to say, with certainty, that if a person stays with a fund in the direct plan for ten years, he/she will make atleast 8% more than a person going for a regular plan?

Sep 2, 2016 by Devinder Singh Dhaliwal, Patiala | Mutual Fund

It is absolutely not possible to say with certainty that you can earn 8% more from direct plans compared to regular plans if you remain invested for 10 years. Direct plans... Read More

Should I continue with all the four mutual funds that I selected or think differently

First of all, I would like to salute you all for your valuable effort that you are doing for the common public. I am really a fan of your website and diversified articles related to mutual funds in different arena. Kindly be informed that I have enrolled following mentioned mutual funds through SIP which are as follows: 1. Axis Midcap Fund Regular Plan Growth - Rs. 1500, 2. ICICI Prudential Value Discovery Fund Growth - Rs. 2000, 3. UTI Midcap Fund Growth - Rs. 1500, 4. Quantum Long Term Equity Fund Growth - Rs. 2500. It would be highly appreciated if you could go through above fund and let me know your suggestion/opinion/comments and shall I keep going on all these four fund and/or need to think differently, in your reply mail. Thanks indeed in advance for your valuable response?

Sep 1, 2016 by C. Ayyappan, Thrissur | Mutual Fund

Thanks for the kind words and the appreciation. At Advisorkhoj, we are working with a single minded devotion of helping the entire investment advisory eco system. We are really glad that... Read More

What is your take on Birla Sun Life Banking and Financial Services Fund

I have invested 15000 lumpsum in "Birla Sun Life Banking And Financial Services Fund" looking at the current rally in Banking sector Mutual Funds. What is your take on this investment. Time horizon is 1-1.5 year approx?

Sep 1, 2016 by Mohit, Noida | Mutual Fund

You have invested in a good sectoral mutual fund. Birla Sun Life Banking and Financial Services Fund was launched in December 2013 and since then has given 33.88% annualized returns... Read More

Is dividend above 10 lacs received from mutual fund equity schemes subject to tax

Is dividend above 10 lacs received under an equity scheme dividend option subject to additional 10% tax?

Sep 1, 2016 by Ankita, Mumbai | Mutual Fund

No. There is no additional tax @10% payable in case of dividends received from equity or debt mutual funds... Read More

Where to invest Rs. 10000 for 3 years

I am student and I wanted to invest Rs. 10000 in mutual fund for a lock in period of 3 years. I am confused about where I have to invest in close ended fund or open ended or in a hybrid fund? I want to invest for 3 years because I have to use money for loan repayment. So kindly suggest me. I already started my SIP for Rs. 2000 in Franklin High Growth Fund. Suggest me another SIP also I want to start new SIP for Rs. 1000?

Aug 31, 2016 by Sonal, Pune | Mutual Fund

Glad to note that while studying you have started investing in mutual funds. If you continue to do this, you will get the benefit of starting early by compounding your returns for a very longer period of time... Read More

What to do as my SIPs are unable to beat benchmark and category returns

I am really impressed with your posts and quick response to our queries. Thanks a lot for that. I have a query. I am doing SIP in two MF schemes for 5 years but my funds are behind Category and Benchmark returns. I want to exit those funds but at the same time I want to remain invested in MF. And my confusion is that how should I leave these funds and remain invested in mutual funds so that my target are met. I expect return of 15% from my funds. Please tell me the way, I will really be grateful?

Aug 31, 2016 by Pranav Kumar Tewari, Patna | Mutual Fund

If your SIP is not able to match or beat category and benchmark returns in last 5 years, then frankly speaking you should consider replacing them with suitable schemes... Read More

Can you please review my existing Mutual Funds

I am having SIP in Birla Sun Life Front Line Equity, Motilal Oswal Select 25, SBI Bluechip, SBI Emerging Business, Franklin Smaller Companies, Franklin High Growth Cos, DSP Microcap. Please review?

Aug 31, 2016 by Anurag, Vadodara | Mutual Fund

You have selected good funds for your SIPs. However, you may replace SBI Emerging Business Fund, with another midcap fund from SBI Mutual fund... Read More

Can I invest in RGESS Scheme this year too

In FY 2015-16, I invested in Rajiv Gandhi Equity Savings Scheme for 3 years. I want to know whether, this scheme is available for this FY or not. Please let me know?

Aug 31, 2016 by Basudev, Barbil | Mutual Fund

Under the Rajiv Gandhi Equity Savings Scheme (RGESS), only the first time equity investors can invest up to Rs. 50,000 in approved stocks and mutual funds and claim income tax... Read More