Investment, Financial Planning, Mutual Fund & Income Tax Queries

What are the options available for tax saving after exhausting 80C limit

What are the options available for tax saving after exhausting 80c limit?

Mar 14, 2016 by Rambabu Kopparthy, Chennai | Taxation

Here are some options that are available after exhausting 80C Limit. You can save an additional Rs 50,000 by investing in National Pension Scheme (Section 80CCD). If you have not invested in equities before... Read More

I am investing in various Mutual Fund SIPs. Is it correct if I now want to invest in NPS for 80CCD benefit

I am investing monthly (from April-15)Rs 4000 each in ICICI Pru Focused Bluechip Equity Fund, Birla Sun Life Top 100, Reliance Small Cap Fund, Rs 2000 in Franklin India Small Cap Fund, Rs 3000 Sukanya Samridhi Yojana. Now from this FY I want to invest Rs 5000 additionally in mutual funds and Rs 5000 in NPS Scheme for 80ccd benefit. Kindly suggest good funds for a period if 5 to 8 years. Is it correct to invest in NPS?

Mar 14, 2016 by Ganesh, Kadapa | Mutual Fund

All the funds you have invested in are funds with strong track record (we think the Franklin Templeton fund you have invested in is Franklin India Smaller Companies Fund; please check). Investing in a large... Read More

I have an account in ICICI Bank can I invest in SIP of HDFC MF from ICICI Bank account

I have my salary account in ICICI Bank. Can I invest in SIP of HDFC through that account or do I need to open a separate saving account in HDFC?

Mar 14, 2016 by Sumit Suman, Noida | Mutual Fund

Yes you can invest in Systematic Investment Plan (SIP) of HDFC mutual fund through auto debits from your ICICI Bank account. Just provide your ICICI Bank account details in the SIP ECS Mandate... Read More

Can you please suggest a Pure Term Insurance Plan (Lumpsum Payout) and one Family Floater Health Insurance for us

I am a 24 years old working lady recently Married. We want to take Term Plan of 1 Cr each & Health Insurance of 15 Lakh SA for both of us. We were looking for the same in internet and have came across many plans but could not decide which one to go for. Can you please suggest a Pure Term Insurance Plan (Lumpsum Payout) and one Family Floater Health Insurance for us? My husband is 29 years old and have a smoking habit. Also can you please review:- 1. Max Bupa Health Companion (Family Floater), 2. ICICI iProtect Smart Term Plan, 3. Max Life Term Plan. Whether can we go for this plan?

Mar 14, 2016 by Riya Nayek, Kolkata | General

We do not give specific life or health insurance advice. We have discussed how to select the best term plans in our article, How to select the best term life insurance plan for you. Please go through the article... Read More

Pl suggest if I should use fund switching in HDFC Life ULIP Click To Invest

I bought HDFC Life Ulip Click to Invest on 15 Feb, 2016. I invested 40% in Income Fund, 40% in Balance Fund and 20% in Opportunity Fund. Is it my right decision? I am new and do not know about market up-down. Plz. Suggest me, I will be used Fund Switching. I will be very thankful for your suggestion?

Mar 7, 2016 by Udham Singh, Mansa | Life Insurance

You should be clear about investing objectives. Unit linked insurance plans are hybrid life insurance cum investment products. A portion of your premium goes to secure life cover for your family and a... Read More

Do you have a write up on critical care insurance offered by Mediclaim GH policy to Citibank Card Holders

My wife and I are 75 and 84 years old and covered since 2001 by mediclaim GH policy to citibank card holders issued by New India Assurance. Do you have a write up on critical care insurance and specifically for super senior citizens like us.

Feb 27, 2016 by Samir Ghosh, 6 South End Park Kolkata 700029 | General Insurance

New India Assurance’s Good Health Mediclaim Plan is available Citibank Card holders. Overall, we think it is a good plan but health insurance needs of every individual is different. Therefore, you should... Read More

How much and with what frequency should I invest in MF to enjoy power of compounding

I will soon start earning 1 lac per month. I am 31, Male. I have responsibilities of my parents health cum life insurance, my childs education, and retirement income +1 BHK house in Pune. I know I can make significant benefits if I plan for next 30 years but not sure which one is not feasible requirement and which one IS considering above MF's. I selected DSP black rock balanced fund, SBI blue chip and HDFC Top 200 funds as I believe its not good to put all eggs in one basket. You are also right in saying, product may fail but concept can NOT. How much and with what frequency should I invest in MF, so that I could enjoy power of compounding. Desperately looking forward to hear from you soon and keep posting superb articles !! Thanks.

Feb 27, 2016 by Vaibhhav, Noida | Mutual Fund

Thanks for your appreciation. It encourages us to continue to create content that you can find useful to make financial decisions. As far as your query is concerned, you should first ensure that you... Read More

I have shortlisted International Funds but why they are unrated

I am researching about International funds. I have shortlisted following funds - 1) Franklin India Feeder Franklin US Opportunities Fund - Direct Plan, 2) ICICI Prudential US Bluechip Equity Fund - Direct Plan, 3) Motilal Oswal MOSt Shares NASDAQ - 100 ETF Fund. Third fund gave good values since inception. I came to know that for investing in "Motilal Oswal MOSt Shares NASDAQ - 100 ETF Fund" you need to have a demat account & secondly you need to purchase minimum 100000 units. However on sites like Valueresearchonline, Moneycontrol & even Advisorkhoj it is mentioned that minimum investment required 10,000. Wanted to know why it is mentioned like that? Is there any other route for investing? Secondly why international funds are unrated? What is your opinion about other 2 funds?

Feb 22, 2016 by Madhu, Pune | Mutual Fund

It is important that you understand the differences between ETFs and mutual funds, as they are different in many respects, while similar in some... Read More

Want to invest 5-7 Lacs for 3-5 years and need monthly income

My age is 43 and I doing job in Kurdistan Iraq. I want invest lump sum amount around 5 to 7 lakh for 3 to 5years, and after need monthly income for family. I am middle-class family person, so please suggest me what is best for me after 5 to 7 years that time my age 50 years please search very good policy or investment plans for middle-class person's. I waiting reply all your team?

Feb 22, 2016 by Boby, Mumbai | General

You have not provided sufficient details in your query. You should firstly determine how much monthly income does your family need. What do you expect your financial situation to be after 5 – 7 years. In other... Read More

I want to invest 10 lacs in MFs and start SWP of 25000 per quarter

I want to invest Rs. 10,00,000/- in mutual funds and start SWP of Rs. 25,000/- per quarterly after 3 months. Can you please suggest 2 or 3 good mutual fund schemes. My objective is 2 fold: 1. Want to use this money for my elderly parent needs, 2. To gain some money over long term like 10 or 15 years. As the present returns from MF are not attractive for time being shall I put this money in Fixed deposit and spend money for parents from my salary. For your suggestions.

Feb 22, 2016 by Viswanath, kalpakkam | Mutual Fund

We do not give specific fund advice. Your decision should be based on your risk tolerance level. You should also consult with your financial advisor. If you want assured returns on your investment, then you can... Read More