Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can you suggest some good FMP Mutual Funds

Suggest good FMP mutual funds presently to safe guard the capital & good returns after 3 years of holding?

Aug 20, 2017 by Ashok Kumar Singhal, | Mutual Fund

Fixed maturity plans are not open ended funds as such they are not available all the times for subscription. However, currently new fund offer of a FMP plan by UTI Mutual Fund is on and you can subscribe... Read More

Can you explain few points about STP

One advice needed. If I wish to park some money and do regular STP in MF, then what is that fund known as? Is it liquid fund? Also all MFs are having liquid funds with there AMC? Also do I gain some interest on it and is it taxable? Also can you let me know by example which companies are having liquid fund and there fund name?

Aug 20, 2017 by Harshu Singh, | Mutual Fund

Yes, if you wish to park your investments for doing STP to equity or balanced funds, it should be in liquid funds or ultra-short term funds. All AMCs have liquid fund/ ultra-short term funds in their product basket... Read More

If I invest now when can I get the dividend from ICICI Prudential Balanced Fund

If I invest in ICICI Balanced Fund for Monthly Income Fund, when I can start getting monthly interest?

Aug 20, 2017 by R.M. Parkhi, Pune | Mutual Fund

It seems you want to know about the monthly dividends announced/ paid by ICICI Prudential Balanced Fund. Please note that ICICI Prudential Balanced Fund has 3 dividend payout frequency options... Read More

Have I invested in right funds to get 1 Crore in year 2025

I am 57+ with mod risk tolerance. I already have a retirement corpus based totally on fixed income instruments. I want a wealth creation portfolio of Rs 1 cr by 2025 and have started investing from March'17. It is primarily equity-based. Will you please find time to have a look at it and give your valuable opinion. All funds are of direct plan and growth option - SBI Bluechip lump sum 6L - SIP/month - 20000, Mirae Opportunities lump sum 1L - SIP/month - 25000, Most Multicap lump sum - 4.5L - SIP/month - 20000, Mirae Bluechip SIP/month - 25000, HDFC Balanced lump sum 2.5L - SIP/month 15000, ICICI Balanced lump sum - 4.5L - SIP/month - 15000. Your last answer was extremely balanced and beneficial. It has lured me to ask for this favour?

Aug 19, 2017 by Ranjan Kumar Ghosal, | Mutual Fund

Glad to hear that you find our answer extremely balanced and beneficial. As you already have a retirement corpus based on fixed income, you can invest more in balanced fund as discussed in your last query... Read More

Is there any short term capital gains tax on ICICI Prudential Banking and PSU debt fund

Is there any short term/long term Capital Gain Tax if I invest my surplus funds in this fund?

Aug 19, 2017 by Vitthal Gharpure, | Mutual Fund

Yes, there is a short term capital gains tax in case of this fund or for that matter any debt fund. The profits made on investment of this fund (even on all debt funds and hybrid debt funds) within 3 years will be... Read More

Will the SIP maturity amount be fully taxable

I have a doubt that imagine I started SIP in 2000 and ended on 2010 the Investment made by me was 10 Lakhs and the maturity amount was 30 Lakhs. So the profit was 20 lakh + 10 lakh capital. There will be no tax since I held each instalment over an year. Am I right. Now my question is - My Regular income slab is upto 4 Lakh per annum. So now my income will be arise from 4 lakh + 30 lakh = 34 lakh. While making return File do I need to pay TAX on for 4 lakh or for 34 lakh confused. Please help me?

Aug 18, 2017 by Vishal Jadhav, Karad | Mutual Fund

If you are investing through SIPs in equity and balanced mutual fund schemes, then all the gains made after one year will be treated as long term capital gains and that will be completely tax free. Therefore, as... Read More

What are the charges for direct and regular plans of mutual funds

What are all the charges applicable in Mutual Fund in Direct Plan and Regular Plan. Please tell me?

Aug 18, 2017 by Vishal Jadhav, Karad | Mutual Fund

Mutual funds declares NAVs daily post adjusting the total expenses from the daily net assets. The total expense ratio in case of regular and direct plans are different. The direct plans have lower expense ratio... Read More

What are the best mutual funds to invest as I am retiring

Retiring in 02.20. Will get 2 cr want 40000/month+6% inflation/year for 25 years risk app moderate which MF at what% to invest?

Aug 17, 2017 by Ranjan, Durgapur | Mutual Fund

Please note that as you are retiring, your prime objectives should be to earn as much regular income as possible without taking much risk. Therefore, request you to read the following - You can invest part of the... Read More

Can you analyze the portfolio risk of my funds

I have SIP of 200 each in Franklin High Growth Fund, Franklin Prima Fund, Smaller Companies Fund, DSP Mid and Small Cap Fund, Mirae Asset Emerging Bluechip Fund and BSL MNC Fund - all in Direct - Growth Plan. Please can you analyse how much risky is the portfolio and market cap percentage in terms of large, mid and small?

Aug 17, 2017 by Jhulan Dey, Singur | Mutual Fund

You have invested in mid & small cap funds, diversified equity fund and a thematic fund. These funds carry moderately high to high risk and suitable for at least 5 years investment horizon if your risk profile... Read More

How to invest in a mutual fund to earn regular return

I have 20 lacs. I want 15000 monthly income from this, where should I invest this amount with good safety?

Aug 16, 2017 by Sandip, Nasik | Mutual Fund

Even though you can easily get a regular income of monthly Rs 15,000 from your investment of Rs 20 Lakhs by investing in mutual funds, it may not come with good safety. Investment in mutual funds has some... Read More