Investment, Financial Planning, Mutual Fund & Income Tax Queries

Please suggest a scheme as I want to invest in a SIP for Rs. 1000 for a period of 3 years

I want to invest in SIP of Rs. 1000 for a period of 3 years. Please suggest me the best mutual fund in Equity Diversified funds which are performing well for last 3 years onwards. Your favourable response is highly awaiting?

Apr 4, 2016 by Sunil Kumar, Chennai | Mutual Fund

Please note a three year investment horizon is the bare minimum that one should have when investing in equity mutual funds. The longer one invests in SIPs of equity funds, the better are the results which... Read More

Why does one need Term insurance. Is it important

What does one need Term insurance. Is it imp?

Apr 4, 2016 by Tanmay Rajendra Gupta, Kharghar | Life Insurance

Life insurance is one of the most financial critical needs of any individual. Human life is unpredictable and an untimely death of an earning member of the family can cause financial distress to the family... Read More

How about taking a personal loan of 5 Lacs @15% and invest in mutual funds

If I take a personal loan of 500000/- from any bank on interest rate 15% and I invest 400000/- in mutual fund for 3 or 4 years. Will it be my right decision? Will it return as more than 15% after 3 or 4 years? I will be thankful for your valuable advice?

Apr 4, 2016 by Udham Singh, Mansa | Mutual Fund

It is not a good idea at all to take a personal loan @15% and invest in mutual funds. Please note that mutual funds or equity oriented investments carry market risks and returns are not assured. Also, if you are... Read More

I want to start investment in MF with initial investment of Rs. 5000 in SIP for 3 to 5 years

I want to start investment in MF with initial investment of Rs. 5,000/- in SIP for 3 to 5 years. Suggest the best MF?

Apr 2, 2016 by Vipul Patel, Vadodara | Mutual Fund

We do not give specific investment advice. You have not mentioned your investment objectives and your risk tolerance. For wealth creation equity mutual funds are the best options. Please go through the... Read More

I want to invest 3 Lacs for 5 years and need monthly income of around Rs. 2200 - kindly suggest me funds

I want to invest 3 lac Rs for 5 year. I need monthly income around 2200 Rs. Kindly suggest me the scheme?

Apr 2, 2016 by Hanu, Jamshedpur | Mutual Fund

You want Rs 2,200 monthly income from investment of Rs 3 lacs. This means that you need an annual yield of 8.8%. If your primary need is income and not capital appreciation, debt mutual funds are the best... Read More

We have started investing in some MF which are tagged to different goals. Need further guidance

From March, 2016 We have started investing in some MF which are tagged to different goals. For Tax Saving /Retirement: 1. Axis Long Term Equity, 2. Franklin Tax Shield. For Other Long term Goals: 3. ICICI Pru Bluechip, 4. Franklin India Flexi Cap, 5. QLTE, 6. Franklin India Prima Fund. Need further guidance?

Mar 31, 2016 by Riya, Kolkata | Mutual Fund

All the funds selected by you are good funds. Axis Long term Equity and Franklin India Taxshield are amongst the best ELSS / tax saver funds. The fund selection for your long term goals are also good. ICICI... Read More

I want to invest in few MF schemes for Rs 20000 each and hold them for 20 years

I am 22. I wanted to invest Rs.20000/- in each mutual fund. My choices are 1) SBI Pharma Fund, 2) DSP Black Rock Micro Cap Fund, 3) Reliance Small Cap Fund, 4)franklin Build India Fund, 5) UTI Transport and Logistics Fund. Is my choices are suitable for me? Looking forward to Hold them for 20 years. Please suggest me in details?

Mar 31, 2016 by karthik, Visakhapatnam | Mutual Fund

Firstly, you should be congratulated for planning mutual fund investments at a young age. In the long term, you will hopefully be very well rewarded for your decision to start investing early in your career. All the... Read More

Please review the Max Bupa Health Insurance Plan selected by me

1. Max Term Life Insurance - 1Cr, 2. Max Bupa Health Insurance (Individual)- 5L. Please review the plan selection. I am 28 yrs old salaried. I am suffering from Lower Abdomen Pain from last 6 months. USG/CTScan/Urine/Blood Report all are ok. Finally referred to Orthopaedic. Adviced for MRI, Vit-D, TSH, etc test. One more thing - On Monday afternoon (in a Hospital) checked my BP 140/85, On Tuesday afternoon same Hospital 151/93, On Wednesday evening a doctor (MBBS, MD) - 120/80. Should I declare all this while filling up the form of Health & Term Plan? Am I in hypertension category? What are the things I have to mention and how. Do I need to send all the reports to the Insurer? Please advice?

Mar 31, 2016 by Indrajeet, Kolkata | General Insurance

Max term life insurance is indeed one of the best term insurance plans. As far as Health Insurance or Mediclaim is concerned, Max Bupa Mediclaim is rated as an average plan by Mint. We are not saying that, Max... Read More

Please check my Mutual Fund selection and let me know if suitable for long term and there is any overlap

1. ICICI Pru Focused Bluechip, 2. Franklin India Flexi Cap, 3. Quantum Long Term Equity, 4. DSPBR Micro Cap, 5. Axis Long Term Equity, 6. Franklin India Tax Shield, All Direct-Growth Fund. 1-4 linked to Long Term Goals & 5-6 80C Tax Saving/Retirement. Please review the fund selection and the overlap if any. Whether the fund are diversified or too much overlap. Please suggest?

Mar 31, 2016 by Indrajeet, Kolkata | Mutual Fund

Your fund selection is good and covers various market cap segments. ICICI Prudential Focused Bluechip Equity is a large cap fund. Franklin India Flexi Cap and Quantum Long Term Equity are diversified equity... Read More

Pros and cons of continuing with Aviva Freedom Life Advantage - 5 yearly premiums paid

What are the pros and cons of continuing with Aviva Freedom Life Advantage - 5 yearly premiums paid so far?

Mar 31, 2016 by Baacha, Chennai | Life Insurance

You have not provided sufficient details, like you age, sum assured, premium, fund selection etc in your query. We will discuss some general features of this plan and you can decide your next course of action... Read More