Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can I invest in Axis Long Term Equity Fund

Keen to start SIP in Axis Long Term Equity for next 8 years. Please advice?

Aug 1, 2017 by Partha Sarathi Roy, Bandel | Mutual Fund

Yes, you can invest in AXIS Long Term Equity Fund. The fund has a long term track track of superior performance in the ELSS category and could be a good fit for your long term SIP. Please check the AXIS Long... Read More

Should I continue SIP in ICICI Prudential Value Discovery Fund

I have SIP in ICICI Value Discovery Fund for the last three years. But this fund is not giving good returns as compared to its peers fund. Should I stay invested or move to another fund?

Jul 31, 2017 by Kulvinder Singh, West Delhi | Mutual Fund

The answer is yes, you should continue with your investments in ICICI Prudential Value... Read More

How can I reach my various financial goals

I had started three SIP's last June of INR 2000 each comprising of Franklin India Smaller Companies Fund, HDFC Balance Fund and ICICI Value Discovery Fund (all Direct plans). From this month onwards, I have increased each SIP amount to INR 2200. My investment goals are: 1) I have an one year old daughter for whom I would require 7 lacs in say 5 years time for school admission etc.? 2) I would require INR 29 lacs in 17 years time for her higher education? 3) Current monthly expenses are around 81k which includes home loan EMI of 28k which would end in 15 years time; considering these I would need to build a post retirement corpus assuming I work till 60 years (current age 36). I have considered inflation of 6.5% for the first two goals. Please suggest on how to go about the above goals; is my portfolio and the SIP amount good enough; I assume not; then what would be a suitable portfolio and the corresponding SIP amount that I need to follow?

Jul 31, 2017 by Jay, New Delhi | Mutual Fund

Let us first know how much you need to save for each of the goals - Rs 7 Lakhs after 5 years for school admission - Monthly savings required is Rs 8,200 for next 5 years based on assumed annual... Read More

Can you please provide details of HDFC Prudence Fund

Good information, please provide some information about HDFC Prudence Dividend Balance Fund?

Jul 30, 2017 by Shashi Mohan, | Mutual Fund

Here are the details fro HDFC Prudence Fund - Regular plan - Dividend option... Read More

As I am retiring where to invest my money for 4 to 5 years

I'm recently retired and want to invest 10lac, for 4-5 years please suggest where to invest to appreciate the same suitably?

Jul 30, 2017 by JP, | Mutual Fund

As your investment objective is capital appreciation after 4-5 years, you can invest in balanced funds provided you are ready to take moderate risk. Balanced funds invests up to 65% in equities and rest in debt... Read More

Is my mutual fund portfolio good

I'm 38 years Govt. servent my SIP in 5k - DSPBR Micro Cap Fund, 4k Franklin India Smaller Companies Fund, 5k Axis Long Term Equity Fund, 2.5k Reliance Tax Saver Fund, 1.5k DSPBR Tax Saver Fund & BSL Tax Relief 96 lump sum 50k (25k in 2014, 24.9k in 2015). Is this investment good/better/best? Please reply?

Jul 29, 2017 by Santosh Torne, | Mutual Fund

Your mutual funds investments are in very good schemes and good fit for long term wealth creation. Our only suggestion is that, as you have invested in equity mutual funds, your investment horizon should... Read More

From where can I buy gold coins

In your article, "Is Investing in Gold a good option for the middle class", you have mentioned that coins are available in 0.5gm and 1gm weights. Kindly let me know the bank/ institution where I can obtain the same?

Jul 29, 2017 by Devinder Singh Dhaliwal, | General

All the nationalized and private banks sell gold coins. You can check with your bank if they are selling the same and buy gold coins from them. You can also buy gold coins online from websites like Snapdeal... Read More

How is my mutual fund portfolio based on my selection of MFs

I have some SIP HDFC Top 200 Rs 1000, HDFC Tax Saver Rs 1000, Reliance Banking Rs 1000, Sundram Select Midcap Rs 1000, ICICI Pru Focused Bluechip Rs 1000, Mirae Asset India Opportunities Rs 1000, UTI Midcap Rs 1000, each fund SIP from 2011. Reliance Tax Saver Rs 2000 start SIP from 2016. I look to next 15 to 17 years. One time investment Reliance Small Cap Rs 50000 from April 2017, UTI Midcap Rs 101500 from July 2017 switch UTI Opportunity, HDFC Balanced Fund 82000 switch from HDFC Tax Saver. How are my portfolio?

Jul 28, 2017 by Pramod Kumar, | Mutual Fund

Your mutual fund portfolio is good and you have selected good schemes excepting a few. We have the following suggestions - In place of HDFC Top 200 Fund, you can choose a better fund from large cap... Read More

How can I draw a fixed amount without erosion in capital

I have retired from service and to receive Rs 40 lakhs. I need to get Rs 40000 pm and my investment to remain in tact. Please suggest how should I invest and where?

Jul 28, 2017 by Girish, | Mutual Fund

You want to draw 1% per month from your investments and yet you want your investments to remain intact. This is nearly impossible. Your investments remain intact only in fixed deposits but you can not get... Read More