Investment, Financial Planning, Mutual Fund & Income Tax Queries

What is the difference between FMP and debt mutual funds

What is the difference between FMP and Debt Plans and for what objective they should be added into Investment Portfolio?

Jul 9, 2017 by Vaibhav, SA | Mutual Fund

Fixed Maturity Plans (FMPs) are close ended fixed income schemes. You can subscribe to these schemes only during the new offer period (NFO). The tenure of the scheme is fixed and post 2014 Budget... Read More

Can you kindly suggest SIP investments for the long term

I am investing in 1) L&T Special Situations Fund, 2) Reliance Pharma Fund, 3) HDFC Small Cap Fund. Each 5000 since January 2016 I can increase 10000-15000 for new SIP. Kindly suggest me for long term (5-10 years) investment inc. 1 ELSS?

Jul 9, 2017 by Chintan Makadia, Bhavnagar | Mutual Fund

You have invested in one thematic fund (L & T India Special Situations Fund) and one sectoral fund (Reliance Pharma Fund). Thematic and Sectoral Funds are the most risky funds in the equity funds... Read More

How much dividend can I get if invest Rs 40 Lakhs in ICICI Prudential Balanced Fund

If I invest Rs. 40,00,000 in ICICI Prudential Balance Fund, what shall I get monthly dividend? If 1 crore Rs, invested, what monthly dividend shall I get? Is it tax free? My monthly need is Rs. 30,000?

Jul 9, 2017 by Tejpal Shah, Mumbai | Mutual Fund

ICICI Prudential Balanced Fund has a good track record of paying monthly dividends since June 2015. Based on yield of 0.96% for the dividend declared in the last month, the expected dividend amount is... Read More

Which mutual funds to invest as I want to move my FD amount

This is my portfolio at the moment Franklin Templeton Prima Plus Growth Direct - 250000, Franklin Build India Growth Direct - 150000, HDFC Mid Cap Opp Fund Growth Direct - 150000, ICICI Pru Multicap Growth Direct - 250000. I also invest in PPF/NPS with 150000/50000 every year, considering them as debt instruments. I have around 70 Lakh in FDs. Am willing to move atleast 15 Lakh into Mutual Funds. In which funds should I invest? Should I continue with the same funds, or choose different ones? I read that AIR would be reported if I invest more than 10L in a single year in Mutual Funds. So I want to invest by spreading across AMCs. Please advice, any changes in my portfolio. Please specify the fund names to move 15L in lump sum and the amounts, and changes if any in my existing portfolio?

Jul 9, 2017 by Sourav, Bangalore | Mutual Fund

You have invested in good funds and we are sure you know that investing in equity mutual fund schemes carry risk and the minimum investment tenure should be 5 years, if not more. Please also note that Franklin... Read More

Can you suggest me mutual funds where risk is not so high

I have received 6,00,000 from my previous investments. I want to invest this in Mutual funds. Please suggest me mixture of SIPs and lump sum, where I can invest this money. Risk appetite for me could be not so high not so low. I am looking this for the horizon of 10 years?

Jul 9, 2017 by Subodh Agarwal, Bhilai | Mutual Fund

You have not mentioned your investment horizon as 10 years and the risk that you can take on your investments. As you can not take high risk but do not want to go with low risk also, we suggest that you invest... Read More

Should I continue my SIP investments in current schemes

I'm investing 5000 via monthly SIP in HDFC Equity Fund for the past five years. Should I continue with this or can switch for any other fund as I want to continue my SIP for another 10 years. Secondly, next month my SIP in DSPBR Micro Cap Fund will terminate and DSP is not taking any new investment in this fund. So please guide me which fund can I take as a replacement to DSPBR Micro Cap. Again my SIP tenure is 10 years and amount is 5000. Waiting for a quick reply from your side?

Jul 8, 2017 by Anil Midha, New Delhi | Mutual Fund

In place of HDFC Equity Fund, our suggestion would be to move to Birla Sun Life Equity Fund. Birla Sun Life Equity Fund is a better performer in the diversified equity fund category and a good rated fund too... Read More

Can you suggest schemes for investing for 10 years

I am 30 year old female and wants to invest in SIP/Mutual Funds over the next 10 years. Please suggest?

Jul 8, 2017 by Susmitha, Hyderabad | Mutual Fund

Glad to note that you want to invest in mutual funds through monthly SIPs. Please note that one should invest in mutual funds based on ones risk taking appetite and the investment horizon, Even though you... Read More

Can I reach my various goals through my current SIP investments

I have started SIP (Rs. 41000 per month) for following mutual funds (monthly SIPs are indicated below) with targeted amount of (i) Rs. 50 lacs required for my daughter’s higher education after 13 years (in the year 2030) from today, (ii) Rs. 75 lacs required for my daughter marriage after 20 years from today and (iii) Rs. 3.0 crores required after 22 years as retirement corpus. My current investment in equity mutual funds is about Rs. 8.5 lacs: Fund Name - SIP (Rs.) Birla Sun Life Front Line Equity Fund 5000, Kotak Select Focused 5000, Motilal Most Focused 35 5000, ICICI Pru Value Discovery 5000, L&T India Value 4000, Mirae Asset Emerging Bluechip 4000, Motilal Most Focused Mid 30 4000, Sundaram Select Mid 4000, DSP BlackRock Micro Fund 5000. I have decided to continue SIP of above amount (41000 or above per month) for a period of about 20 to 22 years. However, during the requirement of money on higher education of my daughter I wish to redeem required amount (i.e. Rs. 50 lakhs after 13 years) from my investment though I desire to continue same SIP upto 20 to 22 years. You are requested to review my portfolio and suggest necessary correction, if any. Further, you are requested to make a road map so that I can achieve my goals please?

Jul 8, 2017 by A Biswas, Nashik | Mutual Fund

You have defined your 3 goals very correctly and following is the solution – Higher education goal of your daughter – You requirement is Rs 50 Lakhs after 13 years to meet this goal. You need to invest on Rs... Read More

Which funds should I invest for short term and long term needs

I have saving of Rs. 16000 per month. How can I diversify my investment with very good return and optimum risk with long term and short term liquidity too?

Jul 8, 2017 by Dhiraj, Kolkata | Mutual Fund

As your requirement is to save for short term and long term investment needs through monthly SIPs, following can be suggested to you - For saving regularly for your short term needs (assumption 1-3 years) you... Read More

Which fund should we do SWP for regular income for my parents

I am a govt. employee, age 34 with two kids of age 09 and 10 and dependent parents. No liability of loans. I plan to invest 500000 in a SWP for parents monthly expenses. Suggest some blue chip funds in equities or balanced with past performance?

Jul 7, 2017 by Kuldeep Singh, Karnal | Mutual Fund

Glad to hear that you want to opt for SWP route for providing regular income to your parents. Based on your request, we are suggesting some scheme names from balanced and large cap category... Read More