Investment, Financial Planning, Mutual Fund & Income Tax Queries

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

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 5, 2016 by S Nair, Mumbai | Mutual Fund

You can write to us in details and we will reply to your queries... Read More

How money withdrawn from an equity mutual fund through SWP is tax free

I want to know that how money withdrawn from an equity mutual fund through SWP is tax free. Please help me on this query?

Jul 5, 2016 by Himanshu Ahuja, New Delhi | Mutual Fund

The SWP amount withdrawn from equity mutual funds is tax free only if it is withdrawn after one year from the date of initial investment. The amount is tax free because long term capital gains is tax free... Read More

Can we open another PPF Account for my spouse and if she is eligible to take the advantage of tax benefit

We have savings bank account in SBI i.e., either any one survivor mode of operation. The PPF account which linked to this account is in my name only & I am availing tax benefit under 80C. Can we open an another account in spouse's name. And can she is eligible to take the advantage of tax benefit?

Jul 4, 2016 by Basudev, Barbil | Taxation

Please note that if your wife is an Income Tax Assess and want to avail tax benefit under section 80C of the Income Tax Act 1961, then of course your wife can open a separate PPF account for this purpose... Read More

Does Asset Allocation have any meaning if I plan doing SIPs for long term of 20 years

I have a plan to invest in MF SIP for wealth creation for very long term like 20 years. Then I think there is no meaning of Asset allocation and I can invest safely in mid and small cap and 10% in large Caps MF SIP. Am I right? How many funds should I keep in my portfolio?

Jul 4, 2016 by Bharat, Ranchi | Mutual Fund

It is indeed a very good thought to invest in MF SIP for long term wealth creation. If your long term horizon is as long as 20 years, then of course you can invest in mid and small cap funds. As far as large cap... Read More

Tell me the options as I do not want to continue with my Jeevan Anand policies and want to buy term plan

I have 2 LIC Jeevan Anand policies. I have paid 2 installments and 6 installments respectively. I don't want to continue with these policies and want to buy a term plan. what all options do I have?

Jul 2, 2016 by Shubham, Delhi | Life Insurance

You can surrender your Jeevan Anand policies at any time. However, if you surrender your policy before paying three full year premiums, you will not get any money from LIC. If you have paid more three full year... Read More

How are rolling returns of a mutual fund calculated

How are rolling returns of a mutual fund calculated?

Jul 2, 2016 by Archana Vaidya, Mumbai | Mutual Fund

Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. There are two important... Read More

I want to do SIP in equity funds please advice

I want to invest 5 lac. I want to do SIP in Equity Fund. Please Suggest about this?

Jul 2, 2016 by Hemant, Malad West | Mutual Fund

Glad to hear that you want to invest in mutual funds and start SIP in equity funds. We have an awesome Research section from where you can select a fund based on your risk taking appetite. Generally speaking... Read More

I have received my retirement benefits but do not want to take risk but want to invest a portion of interest amount in SIP

I have received my retirement benefits. I don't want to take much risk. I want to invest a portion of interest amount in SIP?

Jul 2, 2016 by R.Venkatachalam, Erode | Mutual Fund

Glad to hear that you want to invest a portion of your interest earnings into mutual fund SIPs. We have an awesome Research section from where you can select a good performing fund for your SIP... Read More

Is it possible to calculate the value and returns of STP only of the capital appreciation from one scheme to the other scheme

Is it possible to calculate the value and returns of STP only of the capital appreciation from one scheme to the other scheme? For Example: If one had invested an amount of Rs. 10 lacs in Franklin Ultra Short Bond Fund - Growth Option since inception of that scheme and then systematically transferred only the capital appreciation to say, Franklin India Prima Plus - Growth Option, then what would have been the value of his 10 Lacs and what would have been the rate of return. Please inform?

Jul 2, 2016 by Mohan Utagikar, | Mutual Fund

We are very happy to share that we have built the Research Tool STP CALCULATOR – PROFIT TRANSFER, based on your suggestion. Here is the link and the result with the fund names suggested by you... Read More

Your research tool is good but the UTI Mahila Unit Scheme returns are not showing correctly

I found that your research tool are very useful. But while Research I am comparing FD vs Debt Fund Returns and noticed that there is something wrong with it. I am comparing UTI Mahila Unit scheme with 10 years FD. Screen shot attached, it shows that in Mahila Unit 50000 invested on 25/05/2006 Became 60498 in 10 years on 25/05/2016. But actual Fund value as on 25/05/2016 is 120996 (In investor’s SOA). Please check it I think you had not considered Bonus declared on 01/04/2010. Please check and reply me whether I am correct or not?

Jun 29, 2016 by Anupam Jain, Mumbai | Mutual Fund

At the outset, thanks for the kind words. We are very glad that you like our Research Section. We also thank you for pointing out the error. Yes, you are absolutely right – the bonus unit received were not taken... Read More