Investment, Financial Planning, Mutual Fund & Income Tax Queries

Should I invest additional amount in Reliance pharma Fund

I have around 1.5% of my investment in reliance Pharma Fund. It is a good amount which I invested only once around one year back. Now it is giving around - 8% return. This is the only negative return fund in my portfolio. Even after regular SIP I always have some amount left in hand for investment which I invest among the better performing diversified /Large cap mutual funds. Should I invest additional amount in reliance Pharma?

Jun 4, 2016 by Sundeep Nigam, Haridwar | Mutual Fund

The investment horizon for sectoral funds should be minimum 5 years, therefore, you should not judge the fund’s merit based on your one year holding. Reliance Pharma Fund has given -0.39% return compared... Read More

I want to invest in mutual funds for my retirement corpus

I am interested in investing in mutual funds. My age is 31 and I am looking for long term 10-15 yrs. I am trying to collect funds for my retirement. I did some research and short listed the following funds. Would you be kind enough to tell me which one to go for? 1. SBI Bluechip Fund - Growth - Large Cap, Axis Long Term Equity Fund - Equity Tax Planning, 3. ICICI Prudential Value Discovery Fund - Diversified, Franklin India Prima Plus - Growth - Diversified Equity, 4. DSP BlackRock Micro Cap Fund - Regular - Growth - Small & Mid Cap, 5. Mirae Asset Emerging Bluechip Fund - Small & Mid Cap, 6. Franklin India Smaller Companies Fund - Small & Mid Cap. My next question is how to buy these mutual funds?

Jun 4, 2016 by Allen Kuruvilla, | Mutual Fund

It is heartening to note that you want to invest in Mutual Funds through Systematic route for your retirement corpus. Congratulations! The funds selected by you are well performing and you may go ahead... Read More

Please explain the significance of Dollar Index and how it is crucial for Indian and Global Markets

Significance of Doller index may please be explained. It is crucial factor for market and Indian/global economy. Kindly explain why and how?

May 11, 2016 by Ramesh B, Vadodara | General

What is dollar index? Dollar index is the index of values of US dollar relative to a basket of foreign currencies. The basket of currencies include Euro, Pound sterling (GBP), Canadian Dollar (CAD), Swiss Franc... Read More

Please provide the download option for Rolling Return results in tabular format

The tabular format should have an option to download in spreadsheet. There are several pages and knowing the lowest and highest return is really a cumbersome work?

May 11, 2016 by Nagaraj, | General

I am sorry as currently we are not providing the download option. But, we maybe doing it in future. Meanwhile, we suggest that you use the graph format which shows the Rolling Return of the selected fund... Read More

Should I preclose Credit Card and Personal Loan and avail Home Loan

Planning on a Home Loan - I am paying around Rs. 27000 towards CCs and Personal Loans of around 6 lakhs take home of Rs. 45,000 recently got some liquid cash of Rs. 10,00,000. Should I close the current debt and proceed for Home loan? My CIBIL has been okay, but if I preclose will I get home loan, please advise?

May 10, 2016 by Radhika Dass, Vishakapatnam | Financial Planning

Against a take home salary of Rs. 45,000 you are paying Rs. 27,000 for credit cards and personal loan. That means 60% of your salary goes towards servicing the principal and interest of these two debts... Read More

Let me know the expected return of my SIPs after 10 years

I am having following SIP's for 10 years. Please let me know if I should continue or change: 1. Franklin india high growth companies fund - Dividend Rs 5000, 2. Franklin India Smaller Companies Fund - Dividend Rs 5000, 3. Franklin India Prima Fund - Dividend Rs 5000, 4. Reliance Small Cap Fund - Dividend Rs 3000, 5. ICICI Prudential Value Discovery Fund - Regular Dividend Rs 5000, 6. HDFC Midcap Opportunities Fund - Dividend Rs 5000. Also let me know expected return after 10 years?

May 10, 2016 by Prakash Kadne, Mumbai | Mutual Fund

You have selected the right schemes for your SIPs. You are investing Rs. 28,000 per month through SIPs and want to continue it for 10 years. The expected rate of returns could range from 12 – 15% atleast... Read More

Am I doing well with my finances or do I need to reshuffle my portfolio

I am 27 years old investing in following MFs every month through SIP. Total investment per month is 18K. 1) Axis Long Term Equity - 7000, 2) Reliance Tax Saver - 2000, 3) SBI Bluechip Fund(G) - 3000, 4) HFDC Balanced Fund(G) - 3000, 5) Birla SL Dynamic Bond Fund - Retail(G) - 3000. From July onward, I am planning to increase my SIP amount in Reliance Tax Saver by 1K, HDFC Balanced by 2K and SBI Bluechip by 2K. So, the total investment per month will be 23K. I do not have any dedicated goal as such. I am interested in wealth creation over a period of 7-10 years. To deal with short term emergencies I have started maintaining an emergency fund from MAY month onward in which I will contribute roughly 15K per month. I also invest a lumpsum amount in PPF once or twice a year. Am I going well or do I need to shuffle my investments. I will be grateful if you can suggest me on this?

May 9, 2016 by Abhishek Agrawal, Mumbai | Mutual Fund

Here is the point by point reply to your queries – 1. Our heartiest congratulations to you for choosing SIPs for your long term wealth creation. The fund chosen by you are all good performers ( you can check them... Read More

Can I encash the whole amount at once after completion of 10 years of SIP in ELSS

Is it true that in ELSS if tenure is 10 years, then if the first SIP is pay on 1st June, 2016, 2nd on 1st July, 2016, that same first SIP will be encash on 1st June, 2026 & 1st July 2026? Can I encash the whole amount at once (after completion of 10 year term)?

May 9, 2016 by Saikat, Mumbai | Mutual Fund

Please note that lock-in period for ELSS (Equity Linked Saving Scheme) is three years only. Your query is related to investing in ELSS through monthly SIP route for 10 years, right... Read More

For 30 months should I invest in Liquid fund or debt fund to get a safer return

I need to reconstruct/repair my home after 30 months approx. Tell me where can I invest 10k/15K monthly, to get a decent safe Tax free return, Liquid Fund, Debt Fund? Suggest fund houses also?

May 9, 2016 by Saikat, Mumbai | Mutual Fund

If your investment horizon is 30 months then apart from Liquid Funds you may also invest in Arbitrage Funds and Income Funds. Arbitrage Funds offer the investors to earn short term returns by taking minimal or... Read More

Please send AMC wise performances in my email ID

Please send in my email id AMC wise performances?

May 9, 2016 by Mahesh Pinjani, | Mutual Fund

Thanks for writing to us. Please note that from your query it Is not clear what type of performance, which period and for which mode of investments, you need the performances? Therefore, request you to use... Read More