Investment, Financial Planning, Mutual Fund & Income Tax Queries

I want to start a new SIP from ICICI Bank without disturbing the SIP from HDFC Bank

Currently my SIP are deducted from HDFC Bank and KYC details also shows HDFC Bank only. Now I would like to start new SIP with ICICI Bank without disturbing the existing SIP from HDFC Bank. Is this possible or I have connect all new SIP from HDFC only?

Jan 21, 2016 by Uttam, Kolhapur | Mutual Fund

Yes you can start a SIP from your ICICI Bank account, without disturbing your existing SIP which is being debited from your HDFC bank account. Firstly, you have to identify the mutual fund scheme where you will... Read More

I want to invest Rs 2000 to 4000 for my retirement

I am 40 years old & working in private company. We do not have any retirement benefit from company. I am planning to invest Min - 2000 to Max - 4000 in SIP( no tax saving scheme). Retirement age is 55 years. I have single 5 years old kid. I want money for retirement as well as child education. Few information about my investment - 1. TATA AIG LIFE LAKSHYA SUPREME WHOLE LIFE MID CAP - 2000/- PER MONTH FROM JAN 2011. 2. HDFC LIFE CLICK 2 INVEST BALANCE FUND - 3000/- PER MONTH FROM JAN 2015. 3. HDFC LIFE PROGROWTH PLUS BALANCE FUND - 3000/- PER QUARTER FROM JAN 2015. Kindly suggest Mutual Fund for my goal?

Jan 20, 2016 by Rahul, Mumbai | Financial Planning

Since your child is very young and your retirement goal is 15 years away, you can invest in equity funds for your financial goals. Over a long investment horizon, equity as an asset class gives better returns than... Read More

I am getting 50 Lacs as VRS where should I invest

Opting for VRS & getting lumsum 50 lacs. My monthly expense is INR 25000.00. Where sould I invest this amount to get my monthly exp. & at the same time capital appreciation. Pls advise some good funds, also is it wise to go for systematic withdrawal plan. I have short listed some funds - 1) SBI Blue Chip Equity 2) ICICI Focused Bluechip 3) ICICI Prue Value Discovery 4) TATA Balanced Fund 5) HDFC Midcap Opportunity Fund 6) Canara Robeco Emerging Eund. Pls advise?

Jan 20, 2016 by Nitin, Mumbai | Mutual Fund

Since you are opting for early retirement, asset allocation will be very important. While some experts suggest a 50% debt and 50% equity asset allocation for early retirees, there are really no hard and fast rules... Read More

Should I continue my SIPs

I invest in following MF through SIP - 8400 Reliance Growth P/M, 3000 BSL FRONTL, 1100 BSL MNC, 1500 BSL Equity, 3000 BSL BAL, 500 UTI MASTER, 500 UTI MNC, 500 Franklin Balance Fund. Should I Continue this SIP all those SIP are direct growth plan. Please give your expert comments on these fund?

Jan 20, 2016 by Narendra Pandya, | Mutual Fund

You have very good funds in your selection. Reliance Growth Fund has one of the best 20 year track record among all diversified equity funds. Though the fund was underperforming for some time, the... Read More

Please explain Alpha Beta and standard deviation as I do not understand it

I have invested in many mutual funds through advisor now I also want to learn about mutual funds. Hence I have started reading many books articles regarding mutual funds it's slowly process. What are main things to study before invest in mutual fund? I check NAV AUM expense ratio and past performance returns upto 2-3 years. After acquiring little knowledge I have invested in Franklin high growth Franklin smaller companies axis equity. Lnt Prudence Mirae Assets Emerging Quatum Equity SBI by allocation funds. Recently I read article regarding alpha beta St deviation but I didn't understand it. Kindly suggest me some hone work because I want to learn it?

Jan 14, 2016 by S V Abhyankar, Mumbai | Mutual Fund

It is indeed very heartening that you are taking interest in educating yourself about mutual funds. Based on your fund selection, it seems that you have made very good progress in educating yourself about... Read More

I have surplus amount with me but I do not want to risk

I have surplus amount with me and I do not want to risk with that amount, and I do not want that to stay idle in the saving bank account. So can you please suggest where can I invest that amount, I mean very very low risk or no risk at all. But better returns than saving bank account FOR SIX MONTHS ONLY, because I want that amount after six months for some urgent work; that I will withdraw that amount step by step only after six months. please suggest one?

Jan 14, 2016 by Ramesh, Bangalore | Mutual Fund

It is true that mutual funds are subject to market risks but the degree of risk varies from product to product. Have you heard about liquid funds? These funds invest in money market securities and offer a very... Read More

I have many queries related to my future financial goals

I have few queries. Though I have posted the same in many websites I didn't get any response. I hope at least here I will be guided properly, kindly reply. MY FUTURE GOALS:(In terms of current cost) 1) My daughter's education time 15 years, today's cost - Rs. 20 lakhs, 2) My daughter's marriage, time 22 years - today's cost - 25 lakhs 3) My second daughter's education and marriage with 3 three years additional time frame, Same cost as above as today. 4) My retirement time 33 years, today's expense Rs. 30000 pm. MY INVESTMENTS: 1) Franklin India prima Fund - Rs. 1000 from Feb 2015, 2) Reliance mid and small cap - Rs. 1000 from Feb 2015, 3) Mirae Asset Bluechip Emerging Fund - Direct - Rs. 3000 from Nov 2015, 4) Franklin India Smaller Companies - Rs. 1000 from Feb 2015, 5) Birla Sunlife Frontline Equity Fund - Direct - Rs. 1000 from Nov 2015, 6) HDFC Tax Saver - Rs. 1000 from Feb 2015, 7) Reliance tax saver - Rs. 1000 from Feb 2015, 8) Axis Long Term Equity Fund - Direct - Rs.3000 from Nov 2015. Apart from these, I am planning to invest in SBI Pharma and in ICICI Pru Value Discovery Fund Rs. 2000 each and also planning for 1 cr term policy after 3 years at my age of 30. So that coverage may be extended till 65 years. Health insurance, I am coming under CHSS employees scheme. We are planning for second child (assuming girl) in next 2 years as mentioned above. Kindly advice. My net monthly salary Rs. 23000. Kindly reply?

Jan 14, 2016 by Kumaran, Kalpakkam | Financial Planning

In Advisorkhoj we do not give any specific investment advice. However, we will share some general guidance with respect to your query, so that you can make the right investment decision in consultation with... Read More

Is it worth holding Reliance Pharma Fund or exit from it

I invested in reliance pharma fund, it is worth hold the fund, or to exit from the fund. please suggest?

Jan 12, 2016 by Ramesh, Bangalore | Mutual Fund

In the last one year Reliance Pharma fund gave a return of 14%, at a time when the market fell by 6 to 7%. Average equity fund returns were also in low single digits, with large cap oriented equity funds... Read More

Should I close my Jeevan Anand Policy

I have LIC JEEVAN ANAND (T.NO 149 ), I started this policy in 2010, this is endowment policy, now I decided to exit from this policy, because I do not see this as an investment one, and I do not see this as tax saving policy, as their are good investment and tax saving options available in the market, can you suggest is it wise to exit from this now? If it is good to exit can you please suggest how to exit, and how much is the loss? I am planning to these premium amount in direct stock or some good ELSS. Is it fine, or a person must have at least one insurance plan with him, please kindly suggest?

Jan 12, 2016 by Ramesh, Bangalore | Life Insurance

Firstly, you should remember that, if you have dependents it is absolutely critical that you have sufficient life insurance to provide financial security to your family in the event of an untimely death. All other... Read More

Surrender of IPRU Wealth Builder II ULIP Policy

My age: 26. LIC policy holding: Jeevan Anand. Yearly Premium of 44K for 23 years guaranteed returns of 10 lacs on maturity and 10 lac after death or 100 years whichever is earlier. About the 2 IPRU Wealth Builder II ULIP policies: 1. ULIP: Yearly premium of 50K, Sum assured: 5lacs, Policy Maturity Date: 2034, Fund allocation for 50K premium. 2. ULIP: Yearly premium of 1.2lacs, Sum assured: 15lacs, Policy Maturity Date: 2040, Fund allocation for 1.2lacs premium. I have few queries: 1. What if I stop paying premium now? Will I get the money immediately? 2. For 50K premium that I have paid twice, I see now the value is 100852.81. Shall I stop its premium payment and invest that amount in PPF or ELSS. For 1.2lacs, since the value is down than what I have paid, shall I do the same as for 50K i.e. as soon as it crosses the value more than what I invested? 3. For both ULIP, I have mentioned the Sum assured with the maturity year. Will I get the sum assured only after the maturity year even if I stop paying the premium after 5 years? It will be more valuable if my these queries are solved as I will learn not to invest any more in ULIPs and advice the same to my acquaintances. I am ready to bear the losses if you advice me to stop totally as I don't want to make any more mistakes. Rather I will start ELSS?

Jan 12, 2016 by Avinash Malli, Navi Mumbai | Life Insurance

Unfortunately IPRU Wealth Builder II ULIP has a lock in period of 5 years. Therefore, if you stop paying premiums now, you will have to wait for 5 years since the policy inception to get your money. If you stop... Read More