Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can I expect more than 12 percent from the SIPs that I have started

Last year I started mutual fund SIP in UTI Opportunity, Quantum Long Term Equity Fund, HDFC Top 2oo, ICICI Focussed Blue Chip Fund, all funds are for long term investment more than 5 years expecting return around 12%. Should I continue in these funds?

Nov 3, 2015 by Sundeep Nigam, Haridwar | Mutual Fund

UTI Opportunities and ICICI Prudential Focused Bluechip Equity funds are top performers in the large cap category. Hdfc Top 200 has been relatively under performing in the recent past, but given the past... Read More

Eligibility to be a mutual fund distributor

Can I sell mutual fund to people after AMFI pass being a salaried person of insurance company?

Oct 30, 2015 by Nayan Mondal, Santiniketan | Financial Advisory

You can be a financial advisor by obtaining a valid certification from the National Institute of Securities Market(NISM) by passing their certification examination 'NISM Series V-A : Mutual Fund... Read More

How to invest through SIPs for the long term

I am a manager in a public sector bank, salary 53k approx, want to start investing in SIP with R.s 5000 per month for 10 years. So please help me to identify best products and step wise guidance to start it from grass root level?

Oct 29, 2015 by Pravesh, Lucknow | Mutual Fund

Since you have a 10 year investment horizon, equity funds will be the ideal investment options for you. Equity as an asset class, can provide higher returns relative to all other asset classes over a 10 year... Read More

Planning to invest a lump sum amount of Rs 1 Lakh in mutual funds

I'm planning to invest a lump sum amount of Rs. 1 Lakh in Mutual Funds. I have shortlisted following funds in large and mid cap category, Large Cap Funds - SBI Blue Chip Fund(G), Axis Long Term Equity Fund(G); Mid Cap Funds - JPMorgan India Mid Cap Fund(G), Mirae Asset Emerging Bluechip Fund - Regular Plan(G). I would like to know your opinion on the funds that I have shortlisted. I observe a lot of apprehensions about investing in Mid Cap Funds now. How relevant it is if I'm planning to invest for a term of 3 years. Is lump sum investment the right way considering the volatile condition of the market now?

Oct 29, 2015 by Johnson Joy, Navi Mumbai | Mutual Fund

You have selected good funds. Please note Axis Long Term Equity Fund is an ELSS or tax saver funds. You can claim Section 80C deduction for your investment in Axis Long Term equity fund. As regards small... Read More

Investing for childrens education and marriage

I wanted to invest a lump sum of 1 lakh Rupees into Mutual fund and this investment is for my daughters future (Marraige/Education). My plans are : I want to invest the lump sum amount in any short term debt fund (1-year) and do STP into equity funds over a period of time(9-12 months). To be more precise investing one time in debt funds and doing STP into equity funds every month, therefore reducing risk of investing lump sum in Mutual Funds. Consider I have 50k which are my savings until now, the risk I can take is 65%. Now I want to test the performance of Mutual Fund for 2 years in succession and if I get profited then I would like to continue for next 15 years or so. So please suggest me according to my plan ,a best short term debt fund and best/consistent performing equity fund?

Oct 27, 2015 by Basanth S, Bangalore | Mutual Fund

It is a good idea to invest lump sum in an ultra short term debt fund or liquid fund and do an STP to an equity oriented fund, because the equity market is expected to be volatile over the coming months... Read More

Investing in Government bonds

What is the interest rate for government bonds and do they have a fixed tenure? How much interest one could yield from the bonds? What is the procedure to buy bonds?

Oct 27, 2015 by Nirmala, Chennai | Fixed Income

Investing in Government bonds, also known as Government Securities of G-Secs, is not very popular with retail investors. However, for informed investors Government bonds can be good investment options for... Read More

Asset Allocation to help achieve goals

I am 26years old salaried person with annual CTC of 3.5L. My goal is to build a house in a posch area of Chennai. I have invested 1L in FD with interest of 9.10%. And 1L in NSC (5Years). I would like to invest 1L as lump sum in the following mentioned funds, can you please suggest if this asset allocation would help me achieve my goal? Following is the fund I have chosen for investment Equity Diversified Fund - L&T India Value fund, Index Fund - GS Nifty BeES, Balanced Fund - Tata Balanced Fund, also in ELSS as SIP of Rs. 5000 every month; Please advise?

Oct 27, 2015 by Nirmala, Chennai | Mutual Fund

L&T India Value Fund has given an annualized return of around 15% in the last 5 years. GS Nifty BeES on the other hand has given annualized returns of 6.5% in the last 5 years. Tata Balanced Fund has given... Read More

Growth versus Dividend option for Senior Citizen Investor

I am senior citizen.With falling rate of FD rates,Post Offices saving rates, I am planning to invest in diversified large cap equity schemes with Dividend payout option.What would bo better option? GROWTH option or Dividend pay out .With.growth option,in a year I can redeem growth accumulated.Please suggest better option.How many schemes I should invest? I want to invest 3 lakhs, so that I could get around 27000/- as dividend or growth in a year tax free.

Oct 17, 2015 by PRAKASH THETE, MUMBAI | Mutual Fund

You should understand that diversified equity growth funds are subject to market risks. You are expecting a return of Rs 27,000 per annum from your investment of Rs 3 lacs or in percentage terms, you are... Read More

Investing through SIP

I am investing in following schemes through SIP. Should I continue or to change - Mirae Asset India Opportunity 4000, IDFC Premier Equity Growth 2000, ICICI Focus Blue Chip 3000, ICICI Discovery 3000, UTI Opportunity 2000, BNP Paribas Long Term Equity 2000, Axis Long Term Equity 2000?

Oct 12, 2015 by Rajesh, Nagpur | Mutual Fund

We do not give specific investment advice. Your investment plan should be based on your financial goals. All the funds selected are very good quality funds. You also have a good mix of large cap, midcap and... Read More

How to calculate tax liability

I have a personal question about my Tax liability for current year. I have tried to gather as much information as possible but still my query remains unanswered. Could you please help me to advise my Tax liability basis following and how much additional I can invest under Section 80C so as to avail maximum benefit - 1. Income from Salary: INR 504540/annum, 2. Term insurance premium: INR 25000/annum, 3. Contribution to PF: INR 31331/annum, 4. Rent paid: INR 16028/month?

Oct 12, 2015 by Devdutt Amte, Mumbai | Taxation

You have not provided sufficient information to compute your tax liability. At the very least, information on your Basic Salary, HRA received from your employer and interest received from fixed deposits (if any)... Read More