Investment, Financial Planning, Mutual Fund & Income Tax Queries

I work in IT sector and wants to invest for tax saving health Insurance and for buying a car

I work in IT sector with 33-38k salary/month, Age: 25. I have a surplus of 10-15k per month, From April, 2016 on wards. I plan to invest about 4k/month in Recurring Deposit; another 3k/month in Axis Long Term Equity SIP. I don't have any health/life insurances. I wish to have 5 lakhs separate for a car maybe 5-6 years down the line. Could you please suggest where else could I invest my money or how to plan my investments in total?

Feb 22, 2016 by Alex, Bangalore | General

It is good that you have started planning your investments at a young age. This will go a long way in ensuring that you meet your different financial goals. The investments that you are planning will bring you to an... Read More

I have Rs 85000 balance in my savings account which I want to invest for higher return

I have 85000rs balance in my PNB savings account. I want to invest this money because I am getting only 4% interest on this amount. Where I should invest and how much? Should I invest whole money? I also want few balance with me always as ready to use. So please suggest?

Feb 22, 2016 by Pooja Bhatia, Delhi | General

We do not give specific investment advice. We will share with some principles based on which you can make your investment decision in consultation with a financial advisor if required. Your decision should... Read More

I have invested in UTI MIS: should I redeem

I am an NRI now in Qatar. I invested 31 lacs in UTI MIS advantage fund in the hope of getting 10% returns after a 1 year period. The market is bad and the FV is minus now and I stopped investing. Should I wait for a while to start SWP or do I redeem all funds and put in Bank FD @7.9% per year and get a steady income?

Feb 18, 2016 by George Mathews, Kollam | Mutual Fund

Your decision will depend on your own financial needs and risk tolerance level. If you want assured returns then you should go for bank fixed deposits and earn a steady income from your investment over the... Read More

Should I continue with my existing SIPs or change it

I have started investing in following four Mutual Funds through monthly SIP of Rs 1000 each, since July 2015 with investment horizon of 10 years, Birla Sun Life Frontline Equity Fund - G, ICICI Pru Focused Bluechip Equity Fund - G, Canara Robeco Emerging Equities - G, UTI-Mid Cap Fund - G. Since I have getting negative growth in these funds, should I continue with these fund or should I change any of above funds, Also please suggest 2 more funds in which I should invest Rs 1000 each SIP with 3-5 years horizon?

Feb 17, 2016 by Himanshu, Gurgaon | Mutual Fund

Birla Sun Life Frontline Equity and ICICI Prudential Focused Bluechip Equity are large cap funds. Canara Robeco Emerging Equities and UTI – Mid Cap are midcap funds. Over your period of investment, from July... Read More

Which is a better investment plan for my parents to get return every month

My mother and father was senior citizens. I want to invest for them one time 1 lakh rupees like endowment plan which is a better to investment plans and my father and mother get every month return, so please suggest me?

Feb 17, 2016 by Boby Jaan, Mumbai | General

You have not provided sufficient details in your query. We will try to provide you some broad guidance in our response, but you should think about the needs of your family carefully and discuss with a... Read More

Why HDFC Top 200 and UTI Opportunities are good fund when their SIP returns for last 6 years are not good

SIP return of HDFC TOP 200 are 1 year 23.2, 2 year 5.31, 3 year +4.54, 4 year +7.6, 5 year +7.78, 6 year +7.61, quite similar to SIP return of UTI opp fund. When SIP return of 6 years are not above 8 why these funds are said to be good fund?

Feb 10, 2016 by Sundeep Nigam, Haridwar | Mutual Fund

It is the problem of trailing returns. If you follow our blog regularly, we have repeatedly said, that trailing returns have a recency bias. The Nifty closed below 7300 today, which implies that it is almost 20% below... Read More

Can you suggest me some good SIP Mutual Funds to invest for next 10 years

I want to invest 5000 monthly through SIP for 10 year. Please suggest some fund for investment as I am new to MF and my age is 26?

Feb 10, 2016 by Kamal Singh, Pune | Mutual Fund

We do not give specific investment advice in Advisorkhoj. Our objective is to improve investor awareness about various mutual fund products so that you can make the best investment decision. Over a long... Read More

Can you tell me the drawbacks of direct investing in a MF versus Regular Plans

I am 24 years old and have been tracking the markets, mutual funds for past one year. Now I have decided to invest in a mutual fund through SIP. I want to invest in a balance fund and have filtered down to three funds - a) Tata Balanced Fund Regular Plan - Growth, b)ICICI Prudential Balanced Fund Regular Plan - Growth, c) HDFC Balanced Fund Regular Plan - Growth. If I intend to invest in the above funds directly, what will be the drawbacks instead of choosing regular plan other than the higher expenses? And If you were to choose one of the above funds to start invest now which would you choose?

Feb 10, 2016 by Gopi Dinesh S, Trichy | Mutual Fund

We should clarify that, expenses are lower in direct plans compared to regular plans. As a result, direct plans give slightly higher returns than regular plans. Whether you invest in direct plans or regular plans... Read More