Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which is good for long term investment: ICICI Pru Value Discovery or Reliance Equity Opportunties Fund

In which diversified fund we can invest for long term? Reliance equity opportunity fund or ICICI Pru discovery fund?

Jul 12, 2016 by Manas, Kolkata | Mutual Fund

Please note that Reliance Equity Opportunities fund is a Midcap Fund whereas ICICI Prudential Value Discovery Fund is a Diversified Equity Fund. Therefore, they should ideally not be compared... Read More

Is it mandatory that my mutual fund investments should be reflected in Income Tax filing

I have started investing in Mutual funds through SIP since FY-2012-13. Is it mandatory that such investments should be reflected in income Tax filing? However, I have not mentioned those investments, kindly advise. Further, during FY 2014-15, I transferred around Rs. 44,000.00 in my wife's account as an advance. Her other source of income are home tutorials and tailoring. She is investing in mutual fund & Share markets. She filed income tax in FY-2014-15. My quarry is should I have reflected the Rs. 44,000.00 as joint investment, which I did not. Now can I do that & how? Kindly suggest?

Jul 12, 2016 by Basudev, Barbil | Mutual Fund

While filing Income Tax returns (IT return), it is not mandatory to mention the investments unless it has been done for tax saving purposes. Therefore, all your MF SIP investments, if these are in ELSS schemes... Read More

I have some queries about my investments if they are good or not and what more I need

I like to ask some queries about my investments are good or not and what more I needed. Whom to ask, or help me?

Jul 12, 2016 by S Nair, Mumbai | Mutual Fund

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... Read More

Please suggest MFs who are a blend of funds having exposure to small mid and large cap stocks

Please suggest those MF funds who called as a blend funds having a exposure of small, mid & large cap portion like reliance growth, vision MF?

Jul 11, 2016 by S R Jain, Pune | Mutual Fund

These kind of funds are called Diversified Equity Funds or Multi Cap Funds.To see the complete list and respective performances of these funds you can refer to our research section – Top Performing... Read More

What is the difference between mutual fund growth and dividend plan options

Which plan is better? To invest in dividend option and get tax free dividend or invest in Growth plan and withdraw whenever required. Can I get a comparison between both the plans (dividend & growth) for any scheme over same period?

Jul 6, 2016 by Suresh, Thane | Mutual Fund

There is no difference in performance of the funds as far as growth and dividend options are concerned. It is just the mode of profit distribution – In growth option the fund returns remain invested in the fund itself... Read More

Your daily articles are very good and its a very good site for knowledge in MF

I read your article daily its a very good site for knowledge in MF I invested 10000/- pm accordingly

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

Thanks for the appreciation. Feedback like this helps us to do even better. Glad that you have invested Rs. 10,000 in monthly SIP of mutual funds... Read More

Which are probable ongoing schemes across AMCs which may give better results in future

In your newsletter, sometimes the posts appear for schemes performed very well/outperformed in past (e.g. Outstanding SIP returns by SBI Magnum Midcap Fund in the last 10 years) [reading these details one gets idea, what investor has missed out] As an investor, one would like to find which are probable onging/NFO schemes across AMCs, which may give better results in future. That list will be of more interest to current/newly joining investor in the industry. This is my personal opinion?

Jul 6, 2016 by Vivek, Mumbai | Mutual Fund

We do fund reviews of schemes which have done in the past as well as has the potential of doing well in future too. Though past performance of mutual funds are no indicator of future returns, but the past... Read More

Can you please help in selecting 5 or 6 funds for 5 or 6 years

One help further Of great importance. Investment in equity MF, 5 or 6 funds for five or six years, myself and wife. Both retired CMO. Even new fund selection also welcome. one or two debt fund Aldo welcome. It will be a great help. You may take time to take your decision?

Jul 6, 2016 by Birendra Singh, | Mutual Fund

Thanks for writing to us and happy to hear that you want to invest in mutual funds for next 5-6 years even though you and your spouse are retired. Following would be our suggestion... Read More

Why does the NAV go down after the Payout of Dividends

If MFs are only allowed to declare dividends from realised profit then why does the NAV go down after the Payout of Dividend afterglow the payment is being made from profits that have been just realised and not from any deduction from any previous holdings?

Jul 6, 2016 by Devinder Singh Dhaliwal, Patiala | Mutual Fund

The profits of the mutual funds are ploughed back into the funds and reflect in NAVs. Therefore, in the growth option the profits get compounded and NAVs are higher than dividend plans as generally dividends... Read More

How to become a Mutual Fund agent

I want to be an agent of SIP. Please send me how I can do this?

Jul 6, 2016 by Rajes Datta, | Mutual Fund

Glad to know that you want to become a mutual fund advisor. To become a mutual fund advisor, you need to register with http://www.nism.ac.in/ and take up the NISM-Series-V-A: Mutual Fund Distributors... Read More