Investment, Financial Planning, Mutual Fund & Income Tax Queries

What is the maximum STP amount in Mirae Asset Emerging Bluechip Fund

How much STP amount in invest Mirae Asset Emerging Bluechip Fund?

Jun 30, 2017 by Ashok, | Mutual Fund

STP in Mirae Asset Emerging Bluechip Fund - The maximum amount through the Systematic Transfer Plan (STP) / Mirae Asset Variable Transfer Plan (VTP)/ Mirae Asset Trigger Investment Plan (TRIP)/ Mirae... Read More

Have I selected the right funds for achieving my goal after 10 years

I recently came to know about this site through one of my friends (who told me that one can have excellent guidances in terms of mutual fund investments). Six months back I have started SIPs in the funds mentioned below. These funds have been picked by me. Now I have got some apprehensions about my portfolio. Hence I need your kind advise. Requesting your kind help to review my mutual fund portfolio and advise whether any changes are required to my portfolio (in terms of combination of large, mid and small cap funds. And also on the selection of funds). My intention is to create a corpus of 1 crore over period of 10 years. I have SIPs in the following funds: 1. Canara Robeco Emerging Equities Growth - Rs 3000, 2. Kotak Select Focus - Rs 5000, 3. DSP BlackRock Micro Cap Fund - Rs 3000, 4. Tata Equity P/E Fund - Rs 3000, 5. HDFC Balanced Fund - Rs 3000, 6. ICICI Pru Focussed Blue Chip Equity - Rs 3000, 7. Franklin India Smaller Cos Fund - Rs 3000, 8. HDFC Midcap Opportunities Fund - Rs 1500, 9. ICICI Pru Banking and Financial Fund - Rs 1000, 10. Mirae Assets Emerging Blue Chip Fund - Rs 1500, 11. DSP BlackRock Natural resources & new energy - Rs 2000, 12. DSP BlackRock Opportunities Fund - Rs 1000. Kindly advise whether any changes are required in my portfolio?

Jun 30, 2017 by Ramamoorthy N, Riyadh | Mutual Fund

Thanks to your friend who referred our website to you and thanks to you too for writing to us. With regards to your query, kindly note that in order to create a corpus of Rs 1 Crore in 10 years, you need to invest... Read More

How can my brother Invest in mutual fund schemes under SWP

My brother is a retired person and desirous of investing say, 10 lakhs in 4/5 high yielding track records mutual funds-SWP schemes. He needs atleast 8000 rupees pm. Kindly advice. The investment would be for a long term period?

Jun 30, 2017 by Kalidas Ganguly, | Mutual Fund

Thanks for writing to us and we can understand the need of your brother who is retired. Please go through the following in order to know more about SWP from mutual funds – As your brother’s immediate... Read More

Please advise funds paying monthly dividends

Looking investing 500000.00 Rs in mutual fund, advice monthly dividend option?

Jun 30, 2017 by Imran Sheikh, | Mutual Fund

You have not mentioned for how long you want to hold onto this investment and also what is your risk profile. Having said the above, we can suggest that since you are looking for monthly dividend option... Read More

Can you please evaluate my portfolio which I have created on my own research

I am Sourav Roy from Asansol WB. Sir I am 28 years old unmarried and I am not a service man. I am a private tutor. I invested in mutual fund in last three years. I invested in sum funds in last 1-3 years and want to invest at least 10-15 years. I selected funds on my own research. I request you please evaluate my portfolio as well as my funds selection and I have potential to take risk. Please give me suggestion - 1. SBI Magnum Global-Regular-Growth, 2. SBI Magnum Multiplier-Regular-Growth, 3. UTI Equity-Direct-Growth, 4. Reliance Small Cap-Direct-Growth, 5. Franklin India Smaller Companies Fund-Direct-Growth, 6. Franklin India Ultra Short Bond Fund Super Institutional Plan, 7. HDFC Balanced Fund-Direct-Growth, 8. DHFL Pramerica Low Duration fund, 9. Kotak Select Focus-Direct-Growth, 10. Mirae Asset India Opportunities Fund-Direct-Growth, 11. Mirae Asset Emerging Bluechip Fund-Direct-Growth. Each fund SIP Rs - 1000/month. I am worried about the performance of SBI Magnum Global Fund?

Jun 30, 2017 by Sourav Roy, | Mutual Fund

At the outset, I must congratulate you in doing a good work as far as selecting schemes based on your own research is concerned. However, the total number of funds are bit high. We have few suggestions... Read More

Where is the difference between SBI Bluechip Fund & DSPBR Small Mid Cap Fund

I want to invest Rs. 5,000 per month. Which one will be good for me? SBI Blue-chip Fund & DSP BlackRock Mutual Fund (Equity - Small & Mid Cap Fund)?

Jun 30, 2017 by Manish Kumar Ram, | Mutual Fund

Glad to know that you want to invest in Mutual Fund SIPs. However, the two funds you have chosen cannot be compared as they belong to different fund categories. SBI Bluechip Fund is a large cap fund... Read More

How much should I invest to withdraw Rs 10000 per month by SWP

How much should I have a lump sum funds for investing to have a monthly withdrawal of Rs. 10000 per month. I am a senior citizen of 85 years and would like to make this arrangement for some one and strongly feel that I should not lose any from invested amount. Could suggest and help us? Is this a good idea to buy Govt. Tax Free Bonds Hudco, Indian railways, NHAI and Nabard March 29 and or March 31?

Jun 30, 2017 by Jayantilal Patel, | Mutual Fund

It seems you are talking about investing in a balanced fund and withdraw a fixed amount through SWP, right? If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal... Read More

Can you suggest some mutual funds for long term investments

I am investing in 1) ICICI Prudential Focused Bluechip Fund Rs 5000/month SIP, 2) ICICI Prudential US Bluechip Equity Fund 5000/month SIP, 3) AXIS Equity Fund 2000/month. Now I want to invest more 10000/month. Please suggest about my selection of funds & funds for fresh investment?

Jun 30, 2017 by Sekhara Mishra, | Mutual Fund

You are investing Rs 12,000 through monthly SIPs in 3 equity funds out of which two are large cap funds and one is an international fund. Even though ICICI Prudential Focused Bluechip fund is one of top... Read More

How to withdraw money from unit linked insurance plan

I have standard life insurance unit link policy having investment 12000 pa since from 2006, now required some money for my sons education. Please advise me how to withdraw money maximum amount without closing insurance. Please suggest?

Jun 30, 2017 by Nagappa, Bommanahalli | Life Insurance

You have not mentioned which is the unit linked insurance plan you have bought from HDFC Standard Life. Generally, you can draw partially or fully from 6th years onwards after paying minimum 5 annual... Read More

Should I invest in ICICI Prudential Balanced Fund for monthly dividends

I would like to invest in mutual funds which will give monthly income for me. I am a retired person, due to health problems in the early age I took retirement. my age is 50 years. now I want to invest in monthly income giving mutual funds. Some of certified financier suggested me ICICI Prudential Balanced Fund 9 monthly tax free dividend which will give a dividend of 12 per cent, i.e if I invested Rs. 10 lakhs, I may get monthly Rs. 12,000 as a dividend, is this fund is useful for me or not.? Shall I invest in this fund or not please suggest me?

Jun 30, 2017 by Balakishan Rao, Hyderabad | Mutual Fund

The advisor has rightly suggested you ICICI Prudential Balanced Fund for getting monthly dividends. ICICI Prudential Balanced Fund is one of the top performing funds in the balanced fund category. The... Read More