Investment, Financial Planning, Mutual Fund & Income Tax Queries

Surrender of Komal Jeevan Policy

Please suggest me, I have Komal Jeevan Policy in LIC. Now would like surrender this policy?

Sep 2, 2015 by Raju, Hyderabad | Life Insurance

LIC’s Komal Jeevan is a money back child plan. The risk cover is on the life of the child. In our opinion, if the child is financially dependent on the parent(s), it makes more sense to have risk cover for the life of the... Read More

SIP for Retirement Planning

I want to invest monthly Rs. 4000 in SIP's (Mutual funds) for my retirement purpose. Please suggest me the best Mutual Funds for retirement purpose in long term basis?

Sep 2, 2015 by Sunil Kumar, Chennai | Mutual Fund

You have not indicated your age or time horizon to retirement. If you have a long term investment horizon you should invest through monthly SIP’s in diversified equity funds. Multicap or flexicap diversified... Read More

Monthly and Quarterly Returns from Mutual Fund MIPs

I want MIPs, so where to invest to get maximum return that is Monthly or Quarterly?

Sep 2, 2015 by Dileswar Naik, Sundergarh | Mutual Fund

In the context of mutual funds, investors should understand that there two components in total returns Dividends and Capital Appreciation. In other words, the fund may payout the profits of the scheme to the... Read More

Certification for Financial Advisor

Can you suggest best Institute to get Certification for Financial Advisor?

Aug 31, 2015 by Vishnu, Bangalore | 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

Where to invest money to get monthly income

I am Pradeep 60 years, working in Dubai. I may retire after 2 years? Please advice how and where to invest Rs. 6 lakh to get a monthly income after 2 years onwards?

Aug 31, 2015 by Pradeep Madathil, Thiruvananthapuram | Mutual Fund

We do not give specific investment advice. Your investment choice should be based upon your income needs, your current and required asset allocation and other specific requirements that you may have. You... Read More

Should I continue with existing SIP

I have invested in Birla Sun Life Dividend Yield Plus - Growth plan with SIP of 1000. I have paid 40 instalments. Please tell me if I should continue with this scheme. Also, I want to start SIP of one more fund with Tax Saving Advantage. Please guide me which one should I select?

Aug 27, 2015 by Maroof Ahmed Khan, Indore | Systematic Investment Plan

You have not mentioned your investment objective in your query. Since you have invested in a Dividend Yield fund (Birla Sun Life Dividend Yield Plus fund), we are assuming that you want limit downside risk and... Read More

How to generate monthly income for my mother

Investment goal is on Lump sum but return award should be monthly. For my Mother. She is above 60 year .She had 800000 INR. Best possible way to generated Monthly income from Lump sum. Monthly Income requirement is 5 K. Could you please suggest me any fund where i can park these money can generate monthly income for mother.

Aug 27, 2015 by chandan, Chennai | Mutual Fund

Since your mother is over 60 years, capital safety should be an important consideration for her. However, if she is just above 60, you should also ensure that her capital lasts for a long period of time. Inflation... Read More

I want my monthly savings of Rs 40000 to invest in SIPs

I am salaried person having monthly savings Rs. 40,000. I want to start investing in S.I.Ps as have been hearing lots of benefits for long term (10-15 yrs). So, kindly guide on what all factors to think and decide to which SIP to invest in and how can a person who doesn't understand market well can understand risks associated and also monitor the growth of funds in SIP? Which SIPs are best to invest to receive long term gains(10-15 yrs)?

Aug 21, 2015 by Mukul Bhatnagar, Noida | Systematic Investment Plan

Yes, you have heard right. Investing in equity mutual funds through Systematic Investment Plans (SIPs) have lot of benefits. It can definitely help you in meeting your long term financial goals and create wealth for... Read More

SIPs in Mutual Fund

I Have Invested in SIP. Details are follows: RELIANCE BANKING FUND (GROWTH) - 1000/- PM Since NOV-2010, UTI MNC FUND (GROWTH) - 2000/- PM Since May-2015, AXIS ELSS FUND (GROWTH) - 3000/- PM Since May-2015. All of the funds have been selected for long term investment of 15 years. My question is, have I chosen the funds wisely? And I would like to start one more SIP of 2500/- PM in Mid Cap Fund category for about 12 years. Can you please suggest me good funds for investment?

Aug 19, 2015 by Dwarkesh, Gwalior | Mutual Fund

You have chosen a Banking sector fund, a thematic (MNC) fund and equity linked savings scheme. For your 80C tax saving, you have selected one of the best ELSS funds and you should continue your SIP in... Read More

What is the best debt fund to park 15 lakh Rs for 3 Years

What is the best debt fund to park 15 lakh Rs for 3 Years?

Aug 19, 2015 by Mohit, Delhi | Mutual Fund

Since you have a three year investment horizon, you can opt for long term debt funds or credit opportunities funds depending upon your risk appetite. If you have the appetite for volatility, then you can opt for long... Read More