Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can PPF deposits be used as collateral in banks

Can PPF deposits be used as collateral in banks?

Jul 20, 2016 by A.K.Jha, Dhanbad | Financial Planning

You can use government bonds, PSU bonds, NSC, KVP etc as collateral for bank loan. However, banks will not accept deposit in your PPF account as collateral because balance in your PPF account cannot... Read More

I wish to invest 60 Lacs in 6 Equity MFs for 10 Lacs each for 20 years or more

I have Rs. 60 lac which I got through capital gains through sale of property. I wish to invest all the amount in 6 equity MF's of 10 lac each in the next bear market for 20 or more years and do SWP of Rs. 5000 in each fund after 1 yr as I have no other income. I am 50 years old with wife and 2 sons studying college. I am also considering selling all the units in the next bull market and vice versa. I already invested 10 lac in 1st week of march 2016. Not interested in keeping money in SB AC and doing SIP. Kindly advise on whether it is the right thing to do? 1. ICICI Pru Val Disc Fund Direct Growth, 2. Franklin India High Growth Companies Fund, 3. Uti Midcap Opp Fund, 4. DSPBR Micro Cap, 5. Franklin India Smaller Companies Fund, 6. HDFC Midcap Fund. Kindly advise?

Jul 20, 2016 by Siva Kumarraju, | Mutual Fund

It is heartening to note that you do not want to keep money idle in bank account and invest in mutual funds for the long term. The funds selected by you are all top performing but the last 4 funds – DSPBR Micro... Read More

As now market is higher for lumsum investment which fund is best for 5 year or more tenure

Now time market is higher and for lumsum investment which fund is best for 5 year more tenure

Jul 20, 2016 by Paresh Navik, Bacsari | Mutual Fund

Long term prospects of the Indian equity is very good. Therefore, if you want to invest for more than 5 years or so then diversified equity funds should be your ideal choice. Please select a top performing... Read More

I read about CAN Number which helps to direct plan from one place: how it works

I read about CAN Number which help to direct plan from one place i.e. MFU how did it work i am not sure please focus on the issue?

Jul 20, 2016 by S R Jain, Pune | Mutual Fund

You may check this link to know more about CAN and MFU from here... Read More

Please give your valuable suggestion if we can still invest in DSPBR World Gold Fund

Please give your views on DSP Black Rock World Gold Fund which has given around 100 % return so far in one year, But last 5 years return is pathetic, Please give your valuable suggestion can we still invest in this fund?

Jul 20, 2016 by Rajesh Poddar , Mumbai | Mutual Fund

DSP BlackRock World Gold Fund is a thematic fund. Thematic funds are the riskiest amongst equity funds, therefore, if your risk profile is very high or you want to allocate a small portion of your investible... Read More

Can you do complete analysis of my present investments

My investments details following, 1. LIC - Yearly 80,560, 2. RD - 8,000 Monthly (Tenure 120 months), 3. Post Office RD - 2,000 Monthly (5 years), 4. PPF - 500 per month. Monthly approximate salary: 72k, Number of members - Myself, Wife - currently not working, looking for job, Kid (boy, std1), Parents (Not working, no income), Brother (Fresher working), House loan (Pre EMI) stared, also some gold deposited in bank which is due, 1 personal loan Rs. 1 lakh, No trading, SIP, MFs etc. Am I having a good investments, what more need I have to do?

Jul 20, 2016 by Suthish Nair, | Financial Planning

Your salary is Rs. 864,000 per annum but you are saving only 86,560 (LIC Rs. 80,560 + PPF Rs. 500 x 12 months) for savings taxes under section 80C of the Income Tax Act 1961. What is the amount that... Read More

How is ICICI Prudential Value Discovery Fund Growth for investment in lumpsum

How is ICICI Prudential Value Discovery Fund - Growth? Is it good to invest in lumpsum?

Jul 20, 2016 by Manmohan, Delhi | Mutual Fund

ICICI Prudential Value Discovery Fund is one the best performing diversified equity mutual funds, therefore, you can invest in it in lumpsum and also through SIP. We reviewed this fund recently which you must... Read More

Which is the best way to invest in MF direct plans

Which is the best way to invest in MF direct plans?

Jul 15, 2016 by Sandeep, Mumbai | Mutual Fund

The best way, according to us, would be to visit the AMC websites and transact... Read More

Please suggest me Best Top 10 Balanced Funds

Please suggest me best top ten balanced fund?

Jul 15, 2016 by Pareshkumar Chhaganlal Navik, Amalsad | Mutual Fund

You are requested to visit our mutual fund research section and see the best performing balanced mutual funds. We also wrote one article recently – Top and Best 5 Balanced Mutual Funds for investment... Read More

Retirement benefits scheme

Retirement benefits scheme?

Jul 15, 2016 by R M Madhukar, Karnataka | Retirement Planning

Your query is not very clear. You have only mentioned ‘Retirement Benefit Schemes’ in your query. Please write your query in details. Meanwhile, to know more about retirement investing options and retirement... Read More