Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can you suggest mutual funds for someone who does not have any idea

I would like to invest a lumpsum of Rs. 100000 in mutual fund for 5 years. I do not have any idea about MF. Please advise whether I should invest in FD or MF. Also advise me how to proceed and all other details. Thamking you. I am 60 years old?

Jun 10, 2017 by Pratibha Bhattacharyya, New Delhi | Mutual Fund

As you have never invested in mutual funds you must know that they carry certain amount of risk depending upon the category of funds that you invest in. Since you have no idea about mutual funds and also that... Read More

Can you suggest mutual funds for aggressive investors

Please let me know a list of recommended Equity Mutual Funds for lumpsum investment currently. I can be classified as an aggressive investor with a high risk profile. My Time horizon is 3-5 years or much beyond, if necessary, for maximum returns. I do not want to opt for SIPs because I do not have regular income, but presently I am having some investible funds. Thank you in anticipation?

Jun 10, 2017 by D Kamat, Mumbai | Mutual Fund

As your risk profile is aggressive, you can invest in diversified equity funds and/or mid and small cap funds. However, the investment horizon should be of minimum 5 years. Some of the top performing... Read More

Can you review my mutual funds and suggest changes

I am 34 year old & investing for my child's education who is five year old & my retirement. Since January-2017 I have started SIP of INR 30000 in following funds. SBI Bluechip 9000, Franklin India Prima Fund 6000, Mirae Asset Emerging Bluechip 6000, DSP Blackrock Taxsaver 9000. Additionally I have invested approx 2.5 Lac in PPF from 2012. Should I cut down SIP in DSPBR Taxsaver to 5000 & invest the balance 4000 in PPF? Please review my portfolio & advise changes, if any?

Jun 10, 2017 by Parag, New Delhi | Mutual Fund

You have invested in good funds for your SIPs and it is suitable for achieving your long term goals, like your retirement and child’s education. While investing in PPF is a good idea for diversifying some part... Read More

Can you suggest changes for my mutual fund selection

My present portfolio has HDFC Midcap - Rs. 2000, ICICI Pru Dynamic Direct - 1000, ICICI Pru Value Discovery - Rs. 1000, Mirae Emerging Bluechip - Rs. 1000. The investment horizon is 20+ years and I want to have around Rs. 2.5 crores as the corpus at the end. Right now I am 30 years of age. Kindly suggest what should I add/remove/modify to my portfolio. How much more and in what ratio should I invest in all the funds? I may increase total amount to Rs. 15000?

Jun 10, 2017 by Himanshu, Mumbai | Mutual Fund

You fund selection is good and currently you are investing only Rs 5,000 through monthly SIPs to achieve a goal of Rs 2.50 Crores after 20 years. Please note that with monthly SIP of Rs 5,000, you can... Read More

Is investing in ICICI Prudential Value Discovery fund right at this point of the market

Starting May 2017, I invested in ICICI Prudential Value Discovery Fund - Growth under SIP program with a monthly investment of Rs. 10000 for 5 years. I seek expert advice on how well an investment was this at this juncture?

Jun 8, 2017 by A Chattopadhyay, Kolkata | Mutual Fund

ICICI Prudential Value Discovery Fund is diversified (multi-cap) equity fund. The fund has been one of the best performing equity funds in India for a long period of time. Previously this fund was a midcap... Read More

How to divide my mutual fund investments in the portfolio

Thank you Pradip for your valuable information. Regarding strategic division of monthly SIP funds I always had this doubt in my mind that "How to divide my funds in my portfolio?" For example - If I were to start a new monthly SIP for - Rs. 20000, this is for long term corpus building and keeping the time horizon for 15-20 years, there can be multiple combinations on how that money can be invested into MFs, I am taking 3 scenarios - Option 1) Divide the amount equally into two good Large Cap funds, Or Option 2) Choose 2 best performing funds from each category - Large Cap and Diversified (that will be 4 funds in total) and set SIP for Rs. 5000 monthly into each funds, Or Option 3) Divide the money equally into Large Cap/Diversified and Mid-Small Cap funds. According to you, which option should be better and why? How frequently should we review our portfolios and based on what criteria should we increase or decrease the SIP amount? Sorry for being so inquisitive but I just wanted to know that when it comes to start a new SIP or change the monthly contribution in an existing portfolio is there a defined strategy like thumb rule in the world of MF investment? Please guide what should be the right approach?

Jun 8, 2017 by Mrinmoy Bhattacharya, Bangalore | Mutual Fund

There are no thumb rules as to how you should allocate your investments into various category of funds. The selection of funds or allocation should be based on two things – risk profile and investment... Read More

How does interest in mutual fund lump sum investment works

I would be most obliged if you could explain in brief about how interest to the principal amount works in a lump sum mutual fund investment works. Let me give you a scenario, say I have a lump sum investment of 6 lakhs in a Mutual fund. This has been started on 15th November 2016. The NAV at that moment was 18. Now my question is, does my investment solely depend on the NAV in about 15 years or is there some kind of interest compounded annually. More specifically, would my units purchased initially remain the same over 15 years or will there be an automated purchase done?

Jun 8, 2017 by Ke Chi, | Mutual Fund

Please note that there are no assured returns in mutual funds and therefore no interest is payable to you. Since no interest is payable, there is no way to that we can explain as to how the interest works in case... Read More

Can you tell me top 2 to 3 ELSS Funds to invest currently

I need to invest in few ELSS this month. Please suggest few best returned ELSS to invest in. Also please suggest should I go SIP or lump sum?

Jun 8, 2017 by Vikas Bhat, | Mutual Fund

For investing in ELSS funds for saving taxes under Section 80C of the Income Tax Act 1961, you... Read More

How much I need to invest to draw Rs 20000 a month through SWP

I want to invest in mutual fund for SWP and I want to earn Rs. 20,000.00 per month. Please advise how much I will invest for that amount, I can invest for more than five years and I can take moderate risk. Please guide me and note that I am a retired person. Please suggest the suitable Mutual Funds name?

Jun 8, 2017 by Somnath Ghosh, | Mutual Fund

Being a moderate risk taker and also because your investment horizon is minimum 5 years, you can invest in balanced funds. Ideally, you should invest Rs 30 Lakhs in lump sum and draw 8% annually... Read More

Which funds are best for retirees to draw SWP

I am a retired person, as because I need some money monthly basis. Please advice which funds are best for SWP?

Jun 8, 2017 by Sankha Dip Bagchi, | Mutual Fund

For retirees, balanced funds could be ideal investment option provided you have an investment horizon of 5 years or more. You can invest a lump sum amount in balanced funds and withdraw a fixed amount on... Read More