Investment, Financial Planning, Mutual Fund & Income Tax Queries

Please provide information about MF houses tax pattern

Please provide information about MF houses tax pattern with illustrations. Like reliance growth fund has declared total dividend and how much tax paid by fund house. How tax deducted from growth option?

Jun 13, 2016 by Narendra Pandya, | Mutual Fund

Your question is not very clear to us. It seems that you want to know how much tax is paid if dividends from equity mutual funds are paid out to investors? If that is the case, then please note that the dividends... Read More

Can I withdraw my ULIP policies from ICICI Prudential Life Insurance and invest in better products to get safer returns

I have 4 ICICI Prudential Insurance policies taken in 2014 and 2015. Though the NAV was travelling upwards before 2014 now it is declining. I am a senior citizen cannot bear to see the trend going down. So please suggest where should these funds be shifted so that my principle amount will remain stable yet get returns better without any market risk?

Jun 13, 2016 by Farook Majeed, Chennai | Life Insurance

You have not provided us the details of policies taken. Therefore, it is difficult to answer your query in details. However, we would like to point out broadly the following... Read More

How to calculate SIP returns of various schemes and check fund returns

I read your mail and I thank to you. Now I want some thing, how I get calculate SIP in various age and various scheme; and also how I know what MF good return long or short term. kindly suggest me?

Jun 13, 2016 by Arindam Banerjee, | Mutual Fund

Thanks for your queries. Please have the replies as follows – 1. SIP returns for various period – you can try this calculator to know the future value of SIP investments for different period with assumption of... Read More

How to get better return other than fixed deposits and Post Office MIS

I have the following queries of how much to invest and at what funds for a 69 year old senior citizen lady who is does not pay tax and not even files return for her income. kindly elucidate in details? She is in receipt of Post office MIS scheme maturity amount of INR 10 LACS and she does not want to invest in POST OFFICE ANYMORE? She already has some 8-9 lacs investment in FIXED DEPOSITS which is earning her quarterly interest for which she fills up FORM 15H every year. The advise she is seeking, is, in what instruments she should invest her 10 lacs, so that she enjoys monthly or quarterly payout without attracting tax liabllity? SHe does not want to invest in BANK FD also', as she is seeking higher returns than what bank is offering today? Her interest is in DEBT MUTUAL FUNDS, but attracting least or no TAX at all. She wants to avoid the filing of INCOME TAX RETURN PART as she has never filed and does not want to get into it at her age as she will not be able to do it without outside help and she wants to avoid it, simply put. I suggested DEBT ACCRUAL FUNDS-SWP, what about these and what are the return prospects annually for the same in her case and INCOME STATUS? WILL it be taxable once the the funds mature in her hands after the period of funds is over etc? kindly guide her with best possible options in such category, considering her condition as stated above. Kindly let us know the best return oriented MUTUAL FUNDS IN THIS CATEGORY - be it debt accrual or any liquid funds etc?

Jun 13, 2016 by JITA DAS, Kolkata | Retirement Planning

As you have rightly mentioned, monthly SWP from debt funds would be an ideal solution for her. We have done two articles in the recent past which completely highlights these benefits in details. Request you to... Read More

Should I withdraw my SIP corpus and pay off the loans

I have a home loan wherein the outstanding principal is Rs.23 lakhs. I understand that the current rate of interest is 11.45%. the EMI I am paying is Rs.24K. The loan I payable it the year 2035. I also have around Rs.7 lakhs in SIP which has been there for more than 1 year now. I want to know if I should withdraw the SIP and repay the loan. I also have a hand loan of Rs.7 lakhs where I am paying 12% interest. Please help me to understand if I have to withdraw the SIP to repay the home loan or the hand loan. As it is more than a year of saving under SIP, I am also in a dilemma whether I have to withdraw the money. Kindly help me to decide on this matter?

Jun 8, 2016 by Deepika R Ghodkey, Bangalore | Mutual Fund

You have two loans – Home loan and hand loan (though, we could not understand what a hand loan is, therefore, presuming it to be a personal loan). At the first hand, we could not understand how you are... Read More

I am unable to understand the SWP result and also could not print it

Calculated SWP of one fund on screen but I am not being able to understand the position and get print of it, please guide?

Jun 6, 2016 by Prakash Ranade, | Mutual Fund

The SWP result is showing correctly. You have chosen UTI EQUITY FUND – Growth for lumpsum investment and the date is 01/06/2013. Monthly SWP withdrawal amount is Rs. 1,000 and Start date 02/07/2013... Read More

Can you show the returns of more than one year on annualized basis

I have gone through your scheme rolling return module. CONSISTENT PERFORMERS BASED ON ROLLING RETURN – Did you know Rolling Returns are the best measure to check Mutual Fund Performance? Check the Rolling Return of Any Scheme here. If possible he result of more than 1 year should be of CAGR and not absolute! I think even SEBI/ AMFI insists on CAGR for more than 1 year. The tabular format may be kept downloadable so that it can be used for analysis or to forward to someone can be easy. Doing a wonderful job!! Keep it up!!!

Jun 6, 2016 by Sandip, | Mutual Fund

If you look at the description of the Rolling Return we have clearly mentioned “Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/... Read More

Mutual Fund Dividends in MIPs: Is it tax free after retirement

At the time of retirement if one could invest in MIP fund the whole dividend is tax free or taxable?

Jun 4, 2016 by Narendra Pandya, | Mutual Fund

The whole dividend received from Mutual Fund MIP schemes is tax free in your hand. But, please note that the fund house has to pay dividend distribution tax (DDT) before paying dividends to you. This... Read More

Funds for Retirement: In which Fund should I invest Rs. 5 Lacs of my retirement money

I'm Sachin. Planning to invest around 5L rupees in lump sum in a good performing MF. This would be my retirement money. Any suggestion on what fund I can choose for achieve a good corpus?

Jun 4, 2016 by Sachin, | Mutual Fund

We do not give scheme specific advice. You have also not mentioned your risk profile and therefore it is difficult to suggest you fund categories where you can invest your retirement money. However, since this is... Read More

Should I invest my FD maturity amount in Mutual Fund MIPs

In view of the FD interest rates going down, I have done the following for two FDs each of 2.5 lac each in name of self & wife a) Self: Invested in FD for 1.13 lac @ 7.5 % pa in state bank, balance invested in SBI magnum Balanced fund - Div monthly. b) Wife: Invested in FD for 1.13 lac @ 7.5% pa and balance invested in Birla Sunlife MIP Wealth 25 monthly Dividend. As we are retired people and wanting regular monthly income, this is what I have done. Please suggest if there are better ways of management as my next FD is maturing mid June for 5 lac?

Jun 4, 2016 by Murali K J, Palakkad | Mutual Fund

We think by spreading your investments in Fixed Deposits and Mutual Fund MIPs you have done a good thing. However, please note that Mutual Fund MIPs are much better investment options compared to... Read More