Investment, Financial Planning, Mutual Fund & Income Tax Queries

What is the best Equity Mutual Fund scheme from SBI Mutual Fund

I will invest SBI mutual fund about 5000/- Rs please say which is best scheme?

Dec 24, 2014 by Swati, Solapur | Mutual Fund

We do not give specific investment advice. There several funds in the SBI Mutual Fund stable that have delivered strong performance. Among large cap funds, SBI Bluechip funds is a strong performers. In the small and midcap category SBI Magnum Midcap fund and SBI... Read More

Differenece between Diversified Equity Funds and ELSS Funds

What is the difference between equity diversified mutual fund and elss mutual fund.

Dec 20, 2014 by sulabh, new delhi | Mutual Fund

Diversified equity mutual fund is an equity oriented fund which invests across different sectors (e.g. banks, IT, Oil and Gas, Automobiles, Infrastructure, Capital Goods, Pharmaceuticals etc). In other words, these funds do not restrict themselves to any sector or theme... Read More

What are the best Tax Saving Mutual Funds

Can you suggest some good elss to invest upon. Do we get 10 , (10)D ben3fibenefit on other mutual funds other than elss.

Dec 20, 2014 by sulabh, new delhi | Mutual Fund

Firstly, let us clarify the taxability of mutual fund returns under Section 10 of Income Tax Act. Under Section 10, all equity mutual funds held for more than one year are exempt from tax at the time of sale of the units. This is also known as long term capital gains... Read More

What Tax Benefit on Home Loan you get if project is delayed

Hi, i have running home loan account since 2009, my housing project got delayed & have not got possession so far but i have paid 95%. Can i get benefit on tax from my home loan installment which i am paying since last 5 yrs or can i get benefit of interest paid against my home loan.

Dec 20, 2014 by sulabh, new delhi | Home Loan

Unfortunately you can neither claim Section 80C tax benefit for principal repayment nor can you claim deduction for interest payments under Section 24, unless the construction is complete and the possession handed over to you. Many home owners like you have suffered... Read More

Which is the best systematic investment plan of Mutual Funds

i am looking to invest in mutual fund in sip please advice

Dec 2, 2014 by jagan, doha | Mutual Fund

We do not provide specific investment advice. You should have a mix of large cap and small & midcap funds in your investment portfolio. The percentage mix of large and midcap funds will depend on your risk profile and your investment objectives... Read More

Best options for Life Insurance And Retirement Planning

Hi im santhosh age 29. Wife age 25 not working... & having 1yr old son... My monthly income is Rs25000... My expense around 17000rs.. my savings is 8k. I have only lic money back policy 2k per month.... so my savings is 6k totally.... 50k having in Savings acc. How to invest in what(FD, RD, MF, SHARES)?.. I have no idea.. Tel me best options to invest..for better life(son educt, marrige, retirement etc).. Thank u

Nov 30, 2014 by Santhosh, Chennai | Mutual Fund

We can provide some general guidance based on the limited information we have from you:- 1. Since your wife is not working, the sum assured of your money back policy may not be enough to meet the income needs of your young family and the future aspirations of your son... Read More

Suggestion on Mutual Fund Sip investment plan and PPF

I invested 60K in PPF dis year and around 24K in my yearly PF so remaining 66K are remaining for tax saving purpose could you plz suggest me where should i invest. My Portfolio Income 7 Lakh Monthy SIP 5K

Nov 30, 2014 by Pulkit, Pune | Mutual Fund

Your investment choice should be governed by your risk tolerance, financial goals and investment horizon. 1. If your risk tolerance level is high and you have a long investment horizon, then Equity Linked Savings Schemes, commonly known as Tax Saver funds are the ideal investment options... Read More

What are the best Mutual Funds to invest and type of Mutual Funds

I have been reading almost most of the articles on your website and has finally helped me to decide on investing in Mutual funds. I want to know from you if I decide on Rs. 10000 SIP per month how should I utilize it and what would be your suggestion where to put this amount and for how much tenure. Also, so far I have put some amount in Liquid funds/ debt funds but after new budget have to decide on that amount too as it will be taxes and indexation benefit is removed till 3 yrs. Your suggestions would be of great help.

Jul 31, 2014 by Ankit Talesara, Udaipur | Mutual Fund

Happy to note that you like our articles and decided to invest in Mutual Funds. The answer to your queries will be as follows – 1. SIPs - You can invest in two diversified equity funds – Rs. 5,000 each. There is a vast number of diversified equity funds to choose from... Read More

Comparison between Mutual Fund and Bank Fixed Deposit

comparison between bank fd and mutual fund investments

May 20, 2014 by A Varadarajan, Namakkal | Mutual Fund

We should compare Bank FDs with debt funds of Mutual Funds, since the objectives are similar (i.e. Income generation). FDs should not be compared with equity mutual funds, because objectives are different. The objective of equity mutual funds is capital appreciation... Read More

Is Individual Health Insurance required if covered by employer

why it is necessary to buy a individual health insurance even if i am covered by Employer

May 19, 2014 by Dipali Borude, Maharashtra | General Insurance

It is not absolutely necessary to buy individual health insurance, if you are covered under the group health insurance plan of your employer and if you feel that the cover is sufficient. However, it is always a good idea to supplement your employer's group insurance plan... Read More