Investment, Financial Planning, Mutual Fund & Income Tax Queries

Is UTI Balanced Fund good for SIP

Is UTI Balanced Fund good for SIP?

Aug 9, 2017 by Jay Kalal, | Mutual Fund

There are better funds in the balanced fund category as given below. You may start a SIP in any... Read More

Should the bank refund me the bank charges

Thanks a lot for your emails containing the information on MF. I read the same with good interest and apply accordingly. I have a problem. I had applied for the the units of L&T Infrastructure Fund, but the check was not honoured by the Bank as there was a mistake in the date tag. But there was sufficient credit in the account. Can the Bank charge for the mistake? The same bank charged for their own mistake - a cheque on the bank issued to another account in an another bank was dis honoured and a penalty was deducted along with the GST charge. I had to raise some loan and credit the same in the second bank - as I had issued some cheques from the second Bank - just to see that the cheques are not dishonoured. Is the first Bank liable to pay me the charges to be levied by he second bank and also the interest charges for the loan and for their mistake and what are the charges in this respect. Please guide?

Aug 8, 2017 by Ramchandra Kulkarni, | General

Thanks for your email and glad that you read the information we share on mutual funds etc and found it useful. With regards to the first point, since the mistake was on your part, the bank rightly levied a bank... Read More

How to invest without paying taxes

On the advice of the Bank manager I have invested Rs 500000 in "Canara Robeco Savings Plus Fund - Regular Plan - Growth". Now I understood that this fund is debt fund and I have to pay income tax on redemption. How to invest the amount without paying income tax?

Aug 8, 2017 by Rajasekaran Desikan, Urapakkam | Mutual Fund

Canara Robeco Savings Plus Fund is an ultra short term debt fund and most suitable for investing the surplus amount lying in your bank account or for keeping an emergency corpus. The profits received from... Read More

How to switch from dividend option to growth option in HDFC Prudence Fund

I want to switch from Dividend Payout to growth in HDFC Prudence Balance fund I purchased it in March 17. How can I?

Aug 8, 2017 by Ram Singh, Mansa | Mutual Fund

Yes, you can easily switch from dividend payout option to growth option of HDFC Prudence Fund. All you have to do is to sign a switch form and mention the number of units or all units (whatever you want), sign... Read More

Is investing through SIP in ICICI Prudential Value Discovery Fund good

Is investing in ICICI Pru Value Discovery Fund through SIP a good decision or not?

Aug 8, 2017 by Amrita Srivastava, Allahabad | Mutual Fund

Yes, it is a good decision to invest through SIPs in ICICI Prudential Value Discovery Fund. ICICI Prudential Value Discovery Fund is a top performing diversified equity fund with a great out-performance track... Read More

What is your view on HDFC Prudence Fund

What is your view for investing Rs. 10 lakhs in HDFC Prudence Fund (monthly dividend paying). What is the current NAV and monthly dividend?

Aug 8, 2017 by RC, | Mutual Fund

HDFC Prudence Fund is a very popular balanced fund with highest AUM of around 29,000 Crores in this category. The fund has a long term track record of good performance and a enviable track record of monthly... Read More

Is my current mutual fund SIPs enough to meet my various goals

I am 51 years government officials. I at present investing in MF through SIP. My investment are in BSL Frontline Equity Fund 5000/month, HDFC Top 200 Fund 5000/month, SBI Emerging Business Fund 5000/month, Reliance Growth Fund 5000/month & ICICI Value Fund 5000/month. I am investing since last 3 years. My goal is retirement 1 Cr after 9 yes, son education after 5 years 20 Lakhs & son marriage after 8 years 30 lakhs. Kindly advice regarding my investments?

Aug 8, 2017 by Mukesh Goel, | Mutual Fund

Good to hear that you are investing in mutual fund SIPs with an objective to meet your various goals. You are already investing Rs 25,000 per month for last 3 years and want to continue the SIPs for another... Read More

Can you suggest mutual funds for moderately high return

I really appreciate for your wonderful blog and regular writings which is most useful for investors like me who are new in investment field. I'm one regular reader of your blog and question - answer sections. Sir, I have moderately high risk profile and want to invest for a lump sum amount of 10 lakhs for next 10 years. Please advise and suggest me for a mixed caps fund profile with a growth of money and moderately high return. Suggest me such funds where I should invest. Thanks once again for your wonderful effort?

Aug 7, 2017 by Jyotirmay Patel, Rourkela | Mutual Fund

Thanks for the kind words about Advisorkhoj and we are glad to note that you are a regular reader of our blog and found it useful. As your risk profile is moderately high, you can invest in a mix of balanced funds... Read More

What should be the right mix of mutual funds for me

My age is 24 years. My investment horizon is > 5 years & risk horizon is moderately high to high. I have identified the following mutual funds (Large Cap & Small Cap) for investment through SIPs - Kotak Select Focus Fund - Regular (G), L&T India Large Cap Fund (G), Birla Sun Life Frontline Equity (G), Mirae Emerging Bluechip Fund (G), DSPBR Micro Cap Fund - RP (G), Franklin (I) Smaller Cos (G), ICICI Pru Bkg & Fin Serv - RP (G), I am planning to invest Rs 12,000 per month. 1) Any other mutual funds that I should look for? 2) What would be optimum no. of SIPs, I should be looking to invest in? 3) How should the allocation between mid (small) cap & large cap be made? Appreciate your help?

Aug 7, 2017 by Prashant T, Pune | Mutual Fund

You have selected good funds for starting your SIPs. For monthly SIP of Rs 12,000 you should not go with more than 4 funds. Accordingly, you can choose 4 funds from your list. Our suggestion would be - Kotak... Read More

Should I invest more in mid cap mutual funds as they give higher return

I have seen that the 5 year returns of equity small and mid cap are very high compared to equity large cap or equity oriented balanced funds or for that matter any other schemes. So how wise would it be to put more money in equity small and mid cap funds. I am planning to put a lump sum amount of 2 lakh each in Reliance Small Cap Fund and SBI Small & Midcap Fund. In addition to that I am planning to make a monthly sip of 10000 each in Mirae Asset Emerging Blue Chip Fund, DSP BlackRock Microcap Fund and L&T Midcap Fund. Would appreciate your feedback on my investment plans?

Aug 6, 2017 by Ketan Patil, Raigad | Mutual Fund

Yes, you are absolutely right! Why 5 years, mid & small cap funds have given higher return compared to any other equity funds category in other time periods too, like last 2, 3 or even 10 years. However, you need... Read More