Investment, Financial Planning, Mutual Fund & Income Tax Queries

What type of Debt Mutual Funds can I use as an alternative for Fixed Deposits

What type of Debt Mutual fund can i use as an alternative for Fixed deposits. I am ready to stay invested for 3 years, with many types of debt mutual funds its confusing. Can you suggest some funds in which I can put a lumpsum instead of another fixed deposit.

May 7, 2016 by Gopi Dinesh, Chennai | Mutual Fund

If you want to invest in debt funds for three years in lieu of fixed deposits, then Income funds are ideal investments for you. Please check the link below to know the best performing income funds... Read More

Please let me know if my Mutual Fund Portfolio is good or not

Sir, I have three sip in HDFC Midcap Opp (G), SBI Blue Chip Fund(G), DSP BlackRock MicroCap Direct (G) for 1000,1000 and 500 per month and a Axis Long Term Equity Fund (G) for 10000/year and a Frankline HIght Growth Cos(G) for excess amount. Is It good portfolio?

May 7, 2016 by Amit Kumar, Patna | Mutual Fund

Yes, the fund selection in your Mutual Fund portfolio is good. However, please review them periodically, atleast once every year. Continue your SIP investments for a long period in order to create wealth... Read More

Is my current monthly SIP amount good enough to take care of retirement after 25 years

I am 26 years old now and have been investing for past 6 months in certain MF. Can you please review my MF portfolio 1. Axis Long Term Equity - Direct (G) - Rs.5000 2. Reliance Tax Saver Direct (G) - Rs. 2500 3. UTI MNC Fund Direct (G) - Rs.3000 4. ICICI Value Discovery Fund Direct (G) - Rs.2000 5. UTI Mid Cap Fund Direct (G) - Rs.1500 6. Mirae Emerging Bluechip Fund Direct (G) - Rs.1500 Can I generate enough wealth to be financially independent in next 25 years considering my monthly expenditure is Rs.35000 I am also planning to increase my SIPs by atleast 10% each year. Also with increase in investing capacity, is it prudent to increase investment in same funds and you can see I am already investing in 6 different funds. Thanks in Advance

Apr 30, 2016 by Rohan Ture, Mumbai | Mutual Fund

Congratulations for choosing SIP investing for your long term wealth creation. The funds selected by you are good and no need of any changes at this point in time. However, the portfolio performance including... Read More

I want to know about taxation of liquid funds

I plan to invest in a MF Liquid Fund from time to time x, y, z, ...... amounts. After some time (say in 2 or 6 or 12 months (before 3 yrs period when slab taxable. After 3 yrs 20% indexation benefit tax), I withdraw say same x amount (or any amount) then what will be tax implication. I understand in liquid fund the deposit / withdrawal works on first in / first out basis. In that case will the amount = (NAV on withdrawal date - NAV on first deposit date) x units cashed - first deposit amount = Profit Income and tax to be paid at slab rate. Kindly correct me if wrong. Thanks.

Apr 30, 2016 by R. N. Mittra, Mumbai | Mutual Fund

To have a complete view on taxation of mutual funds including liquid funds, we suggest you to... Read More

Is there any risk as HDFC Life and ICICI Prudential Life are private Insurance players

Currently , my age is 29 and i am looking for term plan but got confused between LIC HDFClife and ICICI pru LIC is best but premium is high ( can bare it but does it really value?) HDFC and ICICI prudential are private players so risk is the factor without much hastle on premium need your suggestion on this topic.

Apr 28, 2016 by Kaustubh, Mumbai | Life Insurance

HDFC Life and ICICI Prudential, both are private sector Insurance companies with excellent track record. All the existing companies in India are well regulated by IRDA and therefore you should not have any... Read More

Please help me in achieving my goals as I am little bit confused

Presently I am 36 years old and started investment in Mutual Fund through SIP (for a targetted period about 20 years) as per details below: 1. Birla Sunlife Front Line Equity-4000 pm 2. ICICI Prudential Value Discovery-4000 pm 3. Kotak select Focus-2000 pm 4. Motilila Most Focused Multicap 35--2000 pm 5. L&T Value India-2000 pm 6. HDFC Balanced Funds-4000 pm 7. Mirae Asset Blue chip-2000 pm 8. Sundaram Select Mid cap-2000 pm 9. Motilal Most focus mid cap 30--2000 pm 10. Birla Sunlife MNC---2000 pm My goal is to get Rs. 50 lakhs after 15 years and 2 crores after 20 years. I am little bit confused about my investment. please help me for achieving my goals. It is also informed that being Govt. Employee i have epf contribution which I treat as debt fund. Moreover, I have a LIC of premium of about rs. 55000/-per months. Please assist me and confirm whether I have to change my portfolio or not, if yes please guide me.......

Apr 28, 2016 by A Biswas, Nashik Road | Mutual Fund

At the outset, we congratulate you for investing in mutual fund SIPs and planning for your long term wealth creation. Your fund selection is good. However, the performance of your mutual fund portfolio... Read More

Should I buy land or reduce my home loan EMI

Bought apartment in chennai worth 51 lacs..paid initial payment 10 lacs.. We also have 14lacs in hand now. Can we buy a plot with the 14 lacs and sell it later for good amount and repay the home loan. or shall we pay the 14 lacs now itself including 10lacs we paid and decrease the home loan repaying years.please suggest....

Apr 28, 2016 by swapna, chennai | General

It makes more sense to pay off as much as possible for the apartment that you have bought and reduce the monthly EMI. The reduced EMI will help you plan your finances better and earn superior return... Read More

How to help clients view their portfolios on phone

How can I view returns of the companies registered with Karvy other than from karvymfs.com. The companies registered with CAMS are easy to track since CAMS has an app on the phone, but I am not able to find the app of Karvy. I need my clients to track their returns on the phone.

Apr 28, 2016 by Umang Jhaveri, Mumbai | Financial Advisory

From your query it is not clear if you want to check the return of companies or Mutual Funds from karvymfs.com. You have mentioned companies but I guess you want to see the returns of Mutual Funds... Read More

Would you please advise investment option for my retirement money

I am 68 years old staying with my spouse in my apartment in Bangalore. Recently I got separated from a Cowhere I worked for 10 years. I am likely to get EPF along with my contribution which would be around 57 lakhs. I have already made investment in senior citizen scheme. I do not have any loans. I have health insurance of Rs 10 lakhs. No specific family commitments. Would you please advise investment option for the money, I shall be getting this month?

Apr 22, 2016 by M Senapati, Bangalore | Financial Planning

You have not given sufficient details in your query. Your appropriate investment choices should be determined by your overall asset allocation profile, income from your existing investments, your lifestyle needs... Read More