Investment, Financial Planning, Mutual Fund & Income Tax Queries

Should In invest in L&T Prudence Fund and Principal Balanced Fund

I want to invest 10 lac each in L&T Balanced Fund and Principal Balanced Fund for 12% annual dividend. Please advice I am retired just?

Jul 13, 2017 by Ganesh Shukla, | Mutual Fund

Yes, you can invest in both the funds as they are among the top performing funds in the balanced... Read More

Can you suggest good mutual funds which give regular dividends

Kindly advice me of 5 Best Mutual fund to invest that Give Tax Free higher Monthly Dividend?

Jul 12, 2017 by Deepak Kumar, Delhi | Mutual Fund

Please note that that dividends paid by mutual fund schemes are totally tax free in your hand. In your query, you have mentioned to provide 5 best funds that pay monthly dividends. However, what you have not... Read More

Are schemes selected by me for my mutual fund SIPs good

I am having the SIP in following funds for past one-year plus without any guidance from any advisor:- Birla SL Dividend Yield Plus, HDFC Mid Cap Opportunities, MIRAE Asset Emerging Blue Chip, Franklin India Smaller Companies, DSPBR Micro Cap, HDFC Balanced, ICICI Prudential Balanced, BSL Balanced 95 HDFC Prudence, L&T India Prudence, Tata Balanced, HDFC Top 200, total monthly cash outflow is 47500. I will be retiring next year. I need your suggestion (a) Should I stop any of these? (b) Where should I park my post retirement corpus for a regular monthly tax free income, I am likely to receive a monthly pension of Rs 55000 + DA (income tax not included)? I am in 30% tax bracket and I am not likely to take up a new job?

Jul 12, 2017 by Saumitra, Jabalpur | Mutual Fund

Excepting HDFC Top 200 Fund, HDFC Prudence Fund and Birla Sun Life Dividend Yield Plus Fund, your selection of schemes for monthly SIPs is good. HDFC Top 200 Fund has not been performing at par with its... Read More

As I want to start mutual fund SIPs have I selected right funds

I want to start SIP for a time horizon of 5 years from January, 2018 on the following funds as under. I am a moderate risk taker and 52 years old. 1. HDFC Balance Fund (Growth) - Rs. 10000 per month, 2. SBI Blue Chip Fund (Growth) - Rs. 15000 per month, 3. SBI Magnum Multicap (Growth) Fund - Rs. 15000 month. Already, I have invested lump sum 20 lakh each of the following two funds - 1. SBI Magnum Regular Plan - Growth, 2. ICICI Prudential Balance Fund - Direct Plan - Growth. Kindly advise me?

Jul 11, 2017 by Nirmalendu Prakash Ray, India | Mutual Fund

Your selection of HDFC Balanced Fund, SBI Bluechip Fund and SBI Magnum Multi-Cap Fund for starting SIPs for 5 year period is quite good. The selection is a right fit to your risk profile as well which is Moderate... Read More

Can you explain STP taxation to me

Kindly explain taxation of STP with example. Suppose I invest 2lakh in liquid fund and setup STP of 25000 monthly to equity fund. So the investment of STP is for 8 months. How the tax is calculated? And when the tax has to be paid when we redeem our money or every year? Is tax is paid on the profit/gain or the amount of STP that is 25000. So confused about this?

Jul 11, 2017 by Dipa A, Porbandar | Mutual Fund

To know more about STP, we suggest you to go through the following article... Read More

Which mutual fund is best in the current market

Please provide more information about how to start SIP in debt or income fund and whether it is beneficial if SIP is started in income fund for 3-5 years and which funds are best in today's market condition?

Jul 10, 2017 by Sarvesh Pradhan, Mumbai | Mutual Fund

There is nothing such as which funds are best in today's market. You should invest in funds based on what is your investment objective and how much risk you can take with your investments. Once you are clear... Read More

Can you check my MF portfolio and give your suggestions

Can you please over look my SIP portfolio (large cap, Multi cap & Mid cap) with the horizon of 15 years. Looking forward for aggressive returns through SIP and want to increase the sip amount at 10% YOY. ICICI Focused Bluechip - 5000, HDFC Top 200 - 2000, Kotak Select Focus Fund - 5000, ICICI Pru Value Discovery Fund - 5000, IDFC Premier Equity Fund - 3000, Reliance Small Cap Fund - 5000?

Jul 10, 2017 by Vikesh Sharma, Chandigarh | Mutual Fund

Even though you desire to get aggressive returns in the long term of 15 years, all the funds selected by you are not performing to the expected level and thus may be a hindrance to your investment objectives... Read More

Is it a good time to start mutual fund SIPs

Q 1. Is it a good idea to start SIP investments at these market levels irrespective of risk appetite/tolerance? Q 2. Given the market situations currently, is it better to park money in liquid funds for the time being then start STP/SIP in Equity funds? I would like to invest in balanced(equity oriented), ELSS & Multicaps please advise?

Jul 10, 2017 by Ashwin Sonavane, Mumbai | Mutual Fund

Yes, anytime is a good time to start your SIP investments irrespective of the market levels. SIPs are habit forming and inculcates a discipline towards investing regularly. As you accumulate units at different... Read More

Could you provide taxation details of mutual funds

Could you please give calculations and comparisons of Income Tax implication on various debt funds (short term/ liquid, etc) and also FD in banks?

Jul 10, 2017 by V Ravi, Bangalore | Mutual Fund

We have an entire article on the query raised by you. Please go through the same... Read More

What are the best mutual fund SIP investments in the long term

I want to invest 30000 in mutual funds per month via SIP. My needs are of long term i.e., retirement, kids education and marriage. I have two kids of 1 and 4 year old. Can you tell me the funds and amount in each fund I should invest, also tell me the best ELSS option?

Jul 10, 2017 by Anand Kumar, Delhi | Mutual Fund

For long term investing through SIPs for meeting your financial goals, you should go with diversified equity funds. Diversified equity funds invests across all sectors and market caps and has been able to deliver... Read More