Investment, Financial Planning, Mutual Fund & Income Tax Queries

I have recently started my work as an IFA and want to know if there is any institute in GOA for IFA training

I have recently started my work as IFA. I just wanted to know if there are any institutes in GOA which impart training for the new IFAs?

Aug 12, 2016 by Narvenkar, | Mutual Fund

We are not aware about any dedicated institute which trains IFAs in GOA. However, we suggest you to speak to AMCs with whom you are already registered as they keep on conducting training programs locally... Read More

Please suggest if my selection of debt funds is right or not

I have selected two debt funds, Birla Sunlife Dynamic Bond Fund - G for 3 years and ICICI pru Monthly Income Plan for 5 years period for an investment of Rs. 5 lakhs each. Please suggest whether my selections are correct or not?

Aug 11, 2016 by Basudev, Barbil | Mutual Fund

Your fund selection is fine and also the time horizon that you have for both the funds. However, please note that ICICI Prudential Monthly Income Plan is not a pure Debt Fund. It is a Hybrid Debt Oriented... Read More

Please advise if my mutual fund portfolio is good or it needs any change

Please advise if my portfolio is good or it needs any change. I have mentioned following funds: 1. BSL Frontline Equity Growth, 2. ICICI Prudential Dynamic Plan Growth, 3. HDFC TOP 200 Regular, 4. DSP Micro Cap Fund, 5. DSP BR Top 100, 6. Kotak Emerging Equity, 7. ICICI Prudential Balanced Fund - Regular, 8. IDFC Premier Equity Plan?

Aug 11, 2016 by Harsh Bhatia, Ludhiana | Mutual Fund

Had we knew your risk taking appetite, we would have been in a better position to answer your query. But generally speaking the funds in your portfolio are good and spread over balanced, dynamic, diversified, large... Read More

Can you please check my Mutual Fund SIPs and lumpsum investments and if they are aligned with my goal

My age is 45 years & investment is as following; SIP: 1. HDFC Midcap Opportunity Fund {G}: Rs. 5000, 2. ICICI Pru Focus Blue Chip {G}: Rs. 5000, 3. ICICI Pru Value Discovery Fund {G}: Rs. 5000, 4. UTI Equity {G}: Rs. 5000, 5. UTI Midcap {G}: Rs. 5000, 6. Birla Sunlife Equity {G} Rs. 5000, 7. Birla Sunlife MNC {G} Rs. 5000, 8. Reliance Equity Opportunity {G} Rs. 5000, 9. DSP BlackRock Micro Cap {G} Rs. 2000. All SIP's are from last one year. Lumpsum Rs. 250000 in Birla Sunlife Frontline Equity {G} since last 6 months. PPF : Rs. 25000 per year. Insurance: 35 Lakhs {Sum assured}. My targets: 1. Rs. 10 Lakhs in June 2018 for child education? 2. Rs. 15 Lakhs in 2021 for second child education? 3. Rs. 30 Lakhs for their marriage in 2026? 4. Rs. 1 Crore in 2027 for retirement?

Aug 9, 2016 by Sharad Gahandule, Manmad | Mutual Fund

In a few lines you have put up a big query which we would have answered in a better way if we had few more details. Anyways, following is our assessment of your current investments and if these are... Read More

Please help me as HDFC Bank has routed my HDFC Prudence direct application under their ARN

I submitted an application form around 26th July for purchase of HDFC Prudence Mutual Fund and mentioned clearly that the application is for direct plan but they gave me regular plan. I had given the application to HDFC Bank and they told me it will be sent to HDFC MF for action. After that there has been no word from them in this regard, not even a mail confirming what has been the allotment details. Today my wife received a mail from NSDL giving details of all her holdings and from there I came to know thy have allotted her units under regular plan meaning the commission has gone to HDFC Bank. What can I do about this. I feel I have been cheated by HDFC Bank. Kindly advise if I can go to SEBI with this complaint. Your considered response will help us make a move in the right direction?

Aug 9, 2016 by Anis Mohiuddin, Kolkata | Mutual Fund

At the first place, we could not understand how you gave your DIRECT application of HDFC Prudence fund to HDFC Bank? HDFC Bank is a mutual fund distributor and maybe you have taken the application... Read More

Let me know the annual growth of different funds

Let me know the annual growth of different funds?

Aug 8, 2016 by Syeda Fahmida Ahmed, | Mutual Fund

Please check the following links to know the annual growth of different fund categories... Read More

Can an investor have separate folio numbers with the same AMC in different schemes

Can an investor (PAN No) have separate folio nos with a same AMC in different schemes?

Aug 8, 2016 by Deepak, Mumbai | Mutual Fund

Yes, an investor can have multiple folios in the same AMC with or without different schemes. For example... Read More

As the markets are up in which fund should I invest 300000 of my bank FD maturity

Presently I am invested in Mirae Asset Emerging Bluechip Fund - 10000, Franklin India Prima Plus Fund - 4000, UTI Equity Fund - 2000, Axis Long Term Equity - 2000, through monthly SIP route. In August 2016 I am getting 300000 as FD maturity sum. I like to invest entire amount in mutual funds. As market looks on higher side now, please suggest me a few funds in which I may invest the amount wisely?

Aug 8, 2016 by Bapi Roy, Kolkata | Mutual Fund

You have selected good funds for your SIPs and you should continue with the same for the long term for your wealth creation needs. With regards to investment of your FD maturity amount which you are... Read More

Should I invest in arbitrage funds and ICICI Prudential balanced advantage fund for short term

I have SIPs in ICICI Value Discovery, ICICI Balanced, SBI Bluechip, SBI Pharma. I want to invest lumpsum of 5lakh+ and thinking of investing in Arbitrage Funds for short term and in ICICI Balanced Advantage Fund. Please give your opinion and suggest any other alternative for lumpsump investment?

Aug 8, 2016 by Mukund, Pune | Mutual Fund

Your fund selection for SIPs is good. For your short term lumpsum investment of Rs. 5.00 Lakhs, your choice of arbitrage fund is also good. Please check the Top performing Arbitrage funds from here... Read More

Can you please suggest risk free debt mutual funds to invest for child education

I want to invest in risk free debt mutual funds for child education. For which, I want to allocate Rs. 5 lakhs each for 2,3&5 year terms. Please suggest how to go about it & which funds would be better in terms of safety and steady return?

Aug 8, 2016 by Basudev, Barbil | Mutual Fund

You can invest in income funds for the purpose of your child’s education. Please select an income fund form the Top Performing Income Funds here. Since you have mentioned investing in debt funds, we have... Read More