Investment, Financial Planning, Mutual Fund & Income Tax Queries

How can I reach my investment goal after 5 years

I have funds close to 30 lakhs in mutual funds. My current age is 29 and my goal is to accumulate 1 crore in next 5 years. Current allocation is 60% debt funds and 40% in equities. I save 35,000 monthly in equity mutual funds and 2 lacs every year in debt funds. Please suggest if I should transfer some money from debt to equity or increase my monthly investments. I cannot defer my goal and I could increase my savings to any limit. I am a moderately conservative investor?

Aug 24, 2017 by Mohit Malhotra, Delhi | Mutual Fund

You query is not very clear. You have mentioned that you have Rs 30 Lakhs in mutual funds. Again you have mentioned that you invest Rs 35,000 per month in equity funds and Rs 2 Lakhs every year in debt... Read More

Which is the best mutual fund scheme for SWP

Which is the best Fund for SWP?

Aug 24, 2017 by Kiran, Mumbai | Mutual Fund

SWP can be done from any category of funds. Therefore, the choice of fund should not be for SWP but the choice of funds should be based on your risk taking ability and investment horizon. For example - if you... Read More

Which is best ELSS mutual fund to invest

Please let me know Best performing ELSS for tax saving?

Aug 24, 2017 by Vimal Raj M, Bangalore | Mutual Fund

You can consider investing in DSP BlackRock Tax Saver Fund, Birla Sun Life Tax Relief 96 Fund... Read More

Best mutual funds to invest in SIP

I have investment in four SIP. 3000 every month in SBI Blue Chip, 2000 in ICICI Discovery Fund, 2000 in Mirae Emerging Blue Chip Fund and 2000 in Kotak Select Focus Fund. How is my portfolio. I want to invest for next 7-8 years. And I want to invest 3000 per month more. Please suggest the funds for same duration?

Aug 24, 2017 by Amit Kumar, Bikaner | Mutual Fund

Congratulations as you are investing in 4 top performing funds through monthly SIPs. Your SIP portfolio is good for long term investment needs. With regards to your new SIP of Rs 3,000, we would suggest you to... Read More

How to get regular return from my mutual fund investments

I have inheritance funds of about 75 lakes. I am 67 yrs old. I would like to get tax free annual returns of about 2.5 - 3.0 lacs from MFs, 25 lacs in ICICI Pru ALCHEMY PMS, & Balance in Growth Equity Funds across recommended categories like Diversified, Balanced, Large Cap, Mid & Small Cap - with a 5-yr or more tenure. Please give your recommendations and comments as soon as possible. Please treat me as a moderately aggressive investor?

Aug 24, 2017 by NS Rao, Bangalore | Mutual Fund

Being a moderately aggressive investor, you can invest in balanced funds and receive a fixed amount by way of monthly SWP. To receive say Rs 25,000 a month you should invest around Rs 40 Lakhs in... Read More

Am I investing the right SIP amount for my goals

We are a working couple staying in Pune. My Goals: 1) Save Rs. 45,00,000 to pay back the home loan in 5 years. 2) Save Rs. 30,00,000 to pay the down payment of another house in 2022 (after 5 years when the first home loan completes). 3) Total amount required after 5 years: Rs. 75,00,000, 4) Total amount required after 28 years: Rs. 3,00,00,000 for early retirement, 5. Total amount required after 20 years: Rs. 40,00,000 for children's education. My current Investment SIP, LIC & PPF: 1. Axis Long Term Equity Fund: Rs. 2500, 2. UTI Mid Cap Fund: Rs. 2000, 3. ICICI Prudential Mutual Fund: Rs. 2000, 4. DSP BlackRock Mutual Fund: Rs. 5000, 5. LIC: Rs. 55000 per year (Commencement Date: 06/2014), 6. PPF: Rs. 20000. Queries: 1. What should I add/update to my current SIP/Investment routine? 2. Should I continue with LIC as it helps me to save taxes?

Aug 23, 2017 by Neha, Pune | Mutual Fund

Thanks for writing to us. Glad to see that you are keen to plan for your financial goals. Let us see how much you need to save for reaching each of your financial goals... Read More

What should be my duration of STP to equity mutual funds

I would like to invest 60 lakhs, with distribution of Balanced 34, Debt 16, Equity 10. Target is to generate 40k per month SWP after one or two years. Currently looking at HDFC Balanced, Principal Balanced, ICICI Prudential Balance for balanced funds, BS Equity Fund, MOSt Focused Multicap 35 for equity and SBI Magnum Gilt Fund long term, UTI Gilt Advantage Long Term for debt funds. What should be my duration of STP for balanced and equity. Could you please review and provide your suggestion?

Aug 23, 2017 by Srinivas, Bengaluru | Mutual Fund

Your idea of accumulating a corpus in diverse category of funds to draw SWP after 1-2 years is good. Drawing Rs 40,000 monthly from an investment of Rs 60 Lakhs is also fine as it comes to approx annual 8%... Read More

What should I do as I have stopped my SIPs

I have stopped SIP in one of my mutual fund as it has been under-performing for last 2-3 years. Please suggest how can I use the money invested in that fund. Should I put lump sum in another fund?

Aug 23, 2017 by Kulvinder Singh, New Delhi | Mutual Fund

You can redeem the SIP investment which you have stopped due to under performance and invest the lump sum amount in any other good performing mutual fund scheme. You can also restart the SIP in the... Read More

Which are the best mutual fund categories I can invest in

I have 1000000 to invest. I want to do investment in multiple fund also. I would like to SWP which is best funds can you explain me tax portion. Balanced Fund is better or liquid which gives more returns?

Aug 23, 2017 by Shobhana Rajagopal, Mumbai | Mutual Fund

Investing in mutual funds should be based on your risk profile and investment horizon. As both of these are not clear, we are unable to make any suggestions as to how you can allocate your Rs 10 Lakhs in... Read More

Where should I park my money for 1 to 2 years

I would like to park about 5 Lakhs in debt MF. Aim is to utilize principal and return towards Payments for real estate which are expected in an years time frame. However, I am not sure if I should put this money in Liquid v/s Ultra Short or Short Term v/s Long Term Debt Fund. My investment horizon is between 1 to 2 years. Any suggestion on what is best suited in this case? Any particular funds which are likely to give more returns? How much diversification is recommended in this case? Park 5 Lakhs in 1 fund or take 2-3 funds?

Aug 23, 2017 by Sachin, Bangalore | Mutual Fund

It is pretty simple. As you want to invest for 1-2 years to pay for the expected purchase of real estate, you should invest in short term debt funds only. There is no need of any diversification etc. as your... Read More