Investment, Financial Planning, Mutual Fund & Income Tax Queries

How much dividend can I get from my investment in Birla Sun Life MIP II Wealth 25

For an amount of 1 lakh investment, in Birla Sun Life MIP - II wealth 25 plan how much monthly income can I get at present?

Jul 7, 2017 by K Santosh Kumar, Hyderabad | Mutual Fund

Birla Sun Life MIP II Wealth 25 Monthly Dividend payout plan declared a dividend of 0.0594 / per unit on 28/07/2017. The NAV of this scheme today is Rs 15.6083. Therefore, if you invest Rs 100,000... Read More

How to show my interest income which I received in cash

I my relative borrow 20lakh from me with the interest rate of 1% per month. So every year he gave me 240000 as interest. I paid via cheque as all my money is in bank. After this demonetization and knowing about the black money problem I get to know the money he was giving me considered as black money as he was giving me by cash. Now I have taken my money back and total interest I got is is 450000. So my question is: 1) how much can I pay tax on this and make it white money, 2) I got 240000 each year and if I deposit 450000 at once how the tax is calculated? My only purpose is to very less cash or no cash at home because I don't want any problem in future?

Jul 7, 2017 by Dipa A, Gujrat | Taxation

Any income that you receive in form of cash or cheque is taxable and you must show it in your income tax return (ITR). In this case the interest income received is taxable and will be taxed according to the tax... Read More

Does the dividends from equity funds attractive as there is no DDT

I have a couple of related questions, request your advice on them below. Equity Mutual funds like HDFC Prudence and ICICI Balanced have started giving monthly dividends since 2016. Does the tax-free dividend yield makes them more attractive as compared to MIP's where dividend is subject to DDT? Further are dividends in excess of 10 Lakhs from Equity mutual funds still exempt from tax after the latest amendment in 2016? i.e., does the amendment apply only to shares or is it applicable to equity mutual funds as well?

Jul 7, 2017 by Sameer, Mumbai | Mutual Fund

Thanks for writing to Advisorkhoj. Here you go with the answers for your queries - HDFC Prudence Fund and ICICI Prudential Balanced Funds are not equity mutual funds but equity oriented mutual funds which... Read More

Do you suggest SIP or lump sum investments

I have seen your advice in Advisorkhoj threads. It was good. I would like to invest 10 Lakhs in mutual funds. My time line is 3 to 5 years good excellent return and moderate risk and tax free. I have the following doubts: 1. Do you suggest SIP or bulk deposit? 2. How should I split up the 10L bet large cap and mid cap? 3. Suggest me a portfolio? 4. Should I choose balanced equity or choose among Brila Sun Front Line, SBI Blue Chip, Merae Asset Bluechip, Kotak Select Focus Fund. How should I split up the 10L? kindly suggest your valuable opinion?

Jul 6, 2017 by Veeramani Raveendranath, | Mutual Fund

Thanks for the kind words about Advisorkhoj. Please see our point-by-point replies to your queries as follows - We suggest both - SIP and lump sum. SIP is suggested as you might have monthly investible... Read More

As a senior citizen where should I invest

I am 65 years old Sr. citizen and want to invest 15 lacks. Please guide me where and how to invest. I have not any other source of income?

Jul 6, 2017 by Veerendra Prakash, | Mutual Fund

As a senior citizen you should invest in schemes/ investment options which suits your risk profile. Based on your risk profile, there are variety of options available to you. As you have not mentioned your risk profile... Read More

Should I continue investment in ICICI Prudential Value Discovery Fund

I have been investing via SIP mode in ICICI Value Discovery fund. It used to be a top quartile fund but no longer so and the alpha has come down. Its top holdings in IT and Pharma (esp Wipro/Infosys and Sun) are not great performers and sectoral headwinds is killing it but for a 10k cr AUM fund, the FM is stubborn, sitting on this, in the name of Contrarian. I am really worried. Shall I continue to do SIP or stop sip and hold or exit completely? I am getting less confident and the worst fear is that the fund's AUM continues to increase and they are not diversified enough?

Jul 6, 2017 by Kalyan, Hyderabad | Mutual Fund

Please read the following thread in which we have given our reply to the same query... Read More

Can I switch from Canara Robceo Savings Fund to Balance Fund

On the advice of bank manager, I have invested my terminal fund in Canara Robeco savings fund June 2016. Now I want to invest in balanced fund. When I can switch to avoid tax on withdrawal?

Jul 5, 2017 by Rajasekaran, | Mutual Fund

Canara Robeco Savings Fund is an Ultra Short Term Debt Fund and it does not have any exit load. As it is a open ended fund, you can easily switch to the balance fund any time you wish without paying any exit... Read More

Which is a good mutual fund to invest a small amount

I am interested for, invest a small amount in mutual fund, kindly advice which is the best mutual fund which give maximum benefits?

Jul 5, 2017 by Ambika Devi, | Mutual Fund

Good to hear that you want to start investing in mutual funds by investing a small amount. However, you have not mentioned your risk profile and the investment horizon. We suggest that you should always invest... Read More

Where can I see recommended mutual funds on your website

I went through tour site after signing up but could not find any content regarding the MF's that you recommend. Do you have a list of recommended MFs?

Jul 5, 2017 by Arindom Bhattacharyya, | Mutual Fund

Thanks for singing up with us. You can visit our mutual fund research section and see the top performing funds in respective categories based on different parameters. We also have more than 40 mutual fund... Read More

Which is the best mutual fund to get consistent monthly dividend

Which is the best mutual fund to get consistent monthly dividend for retired persons with minimum-risk or nil risk?

Jul 4, 2017 by Venkata Rama Satyanarayana Popuri, Khammam | Mutual Fund

There are no schemes in mutual funds which has NIL risk and provides monthly dividend for retired people. Mutual funds comes with varied degree of risks based on the category of fund that you are investing in... Read More