Investment, Financial Planning, Mutual Fund & Income Tax Queries

Want to invest lumpsum in MIP and do STP to Equity Fund for 20 years

I want invest 200000 in lumpsum in MIP, then transfer 600 Rs. monthly by STP in another mutual fund SIP for 20 years. Is it advisable? Please guide me?

Dec 17, 2015 by Kaushik Trivedi, | Mutual Fund

Your idea of doing STP for 20 years is a great one. However, you should avoid investing lumpsum in MIP for the sole purpose of doing STP. Since MIPs invest 20-30% in equities they could be volatile and might... Read More

I and my wife will increase the existing SIPs by 10 percentage per year to buy our house

Sir, I am 46 yrs old in Govt. service, me and my wife are having SIP in following these funds for last 2 Years. I will increase SIP by 10% every year in any of these fund which will perform well. We will not increase number of funds these are maximum, these mutual fund SIP are only for creating corpus for my house nothing else. At present cost of the house I wish to buy is Rs 80 lakhs. At present value of our portfolio is Rs 30 lakhs, I will continue SIP till I need minimum loan (less than 20 lakhs), I am in 30% tax bracket. 1. HDFC Top 200 - 10000, 2. Quantum Long Term Equity Fund - 10000, 3. UTI Opp Fund - 5000, 4. ICICI Focused Blue Chip Fund - 5000, 5. ICICI Pru Value Discovery Fund - 8000, 6. Mirae Asset Opportunity Fund - 6000, 7. Franklin India Prima Plus Fund - 8000, 8. Franklin India Blue Chip Fund - 5000pm, 9. IDFC Premier Equity Mutual Fund Rs. 5000 per month?

Dec 12, 2015 by Sundeep Nigam, Haridwar | Mutual Fund

All the funds selected by you have a good long term track record. If you have been monitoring your fund’s performance on a regular basis, you would have observed that, HDFC Top 200 Fund has been... Read More

I am 56 years old and want to invest 25 lacs and wish to withdraw 30000 per month

I am 56 yrs. old, and I wish to invest 35 lacs at a time right now, and I wish 30,000 per month from April 2016, till life time, So When and where to invest? Please guide me?

Dec 12, 2015 by Mukesh Bhatt, Ahmadabad | Mutual Fund

We do not give specific investment advice in Advisorkhoj. However, we can discuss some broad guidelines, which can enable you to make your investment decision in consultation with your financial advisor. Your... Read More

Should I close my personal loan and increase home loan EMI

I have both home loan (21 lacs) and personal loan (6 lack). Also I have amount of 6 lakhs in bank account. Please advise me whether I should close my personal loan and increase my home loan EMI OR I should do pre-payment for home loan. Which option is beneficial for me?

Dec 12, 2015 by Amol, Pune | General

You should make a very rational decision based on how much interest you are paying. You have not mentioned your loan’s interest rates in your query. Going by the current rates, the interest rate for personal... Read More

What is Mutual Fund and its NAV and Equity Debt and Balanced Funds

What is Mutual Fund and its NAV? What is Equity, Debt Balance Mutual Fund? If I invest in Large Cap Equity Fund, how will I know its investment?

Dec 8, 2015 by Suddhasatwa Sardar, Delhi | Mutual Fund

The answers to all your questions can be found in our Mutual Fund section. Please visit the following links to get your answers... Read More

I would like to invest Rs 25000 per month in SIPs

Dear Sir, I am 32 years old. I would like to invest 25,000 per month in SIP. Please advise some good mutual funds for long term (minimum 5 years)?

Dec 8, 2015 by Gajendran, Singapore | Mutual Fund

You have the right decision to invest in mutual funds through SIPs. Since you plan to invest Rs 25,000 per month through SIPs, you should select maximum 3 to 4 good equity funds for your portfolio. Given the... Read More

Can you please advise about this NFO OWN PIECE OF INDIA 5+1 scheme by TATA Mutual fund

OWN PIECE OF INDIA 5+1 scheme by TATA Mutual fund. Can you please advise about this NFO?

Dec 7, 2015 by Sandeep, Mumbai | Mutual Fund

We do not give specific investment advice in Advisorkhoj. However, we will discuss the broad characteristics of Tata Mutual Fund’s "OWN PIECE OF INDIA" offering so that you make your own investment... Read More

I Want to take a Term Life Insurance Policy for 25 Lakhs

This is Sunil Kumar, 30yrs from Chennai. I want to take an term policy for 25 lakhs jointly with my spouse (24 yrs). please suggest me which one is the best one to opt. as I am working in nuclear power sector, which company will provide the risk coverage for radiation effect also. I want to include my spouse also in term policy then the premium will change? Please give your favorable response at the earliest?

Dec 5, 2015 by Sunil Kumar, Chennai | Life Insurance

Let us first address your question on the joint life insurance policy. If your spouse is working and has an income, it makes more sense to take a joint life insurance policy. The premium will be higher than what you... Read More

In your section FD Vs Debt fund if possible please give effect of indextion benefit

In your section FD Vs Debt fund, if possible please give effect of indextion benefit or Income tax rate difference in FD and in MF?

Dec 5, 2015 by Anand, Ahmedbad | Mutual Fund

We are assuming that, you are referring to Fixed Deposits versus Debt Fund tool in our Mutual Fund research section. In our tool we have shown both the pre tax and post tax returns of both FD and debt funds... Read More

I want to invest 17000 per month in combination of ULIP and ELSS for Retirement Planning

I want to invest 17000 per month in combination of ULIP and ELSS, this is for retirement planning. Please advise me?

Dec 5, 2015 by Hemraj Chaudhari, Navi Mumbai | Financial Planning

It is always prudent to separate insurance and investment goals. Retirement planning is purely an investment goal. However, before you start investing you should ensure that you have enough life insurance cover... Read More