Investment, Financial Planning, Mutual Fund & Income Tax Queries

Where to invest for 6 to 12 months

I want to invest for 6 months to one year duration not in the equity fund in which type of fund I should invest. I am told that in debt fund you have to invest for minimum three years. Kindly advice?

May 20, 2017 by Manoj Saxena, Ghaziabad | Mutual Fund

Yes, you should not invest in equity funds or long term income funds if your investment horizon is 6 to 12 months. You should invest in liquid funds or short term funds as your investment horizon is 6 to 12 months... Read More

Am I investing in a good mid and small cap fund

I am in 30 years and 2 do SIP in small cap fund, you suggest 4 type of small cap funds, from this I select Franklin Smaller Companies Fund. Sir please suggest about the fund, is it better choice or not. I do SIP of Rs 2,000 for 6 years. And also tell which is better between Franklin Small Companies Fund and DSP BlackRock Small and Mid Cap Fund?

May 20, 2017 by Om Prakash, Azamgarh | Mutual Fund

You have made the right choice by selecting Franklin India Smaller Companies Fund to invest through SIPs. It is one of the top performing funds in the mid and small cap category. Please also note that Franklin... Read More

Can you name some good ELSS and balanced funds

Retired Senior Citizen. Already made investment in SCSS of SBI, SBI DAF Series XVIII, LIC's Jeevan Akshay, HDFC Prudence Fund(D) & HDFC Balanced Fund(G) in lump sum. Continuing with monthly SIP's in Equity Mutual Funds. Please advise where to park some funds as well as the name of some well managed and rewarding Balanced and ELSS Funds?

May 20, 2017 by Kanak Kumar Das, Kolkata | Mutual Fund

You have invested almost in all schemes meant for retirees. Good that you have also invested in balanced funds and continuing with mutual fund SIPs. If you want to park some funds temporarily, then you can... Read More

As I am ready to take risk which is the best long term investment

I am a student right now and have monthly savings of around 2500. On an whole I can invest 30,000 in a year. Sir I would like to know the best place to invest. I am ready to invest this amount for say another 20 years. And I am ready to take higher risks for better returns. Can you suggest me the best way to invest in mutual funds and also some best AMC in which I should invest?

May 20, 2017 by Anshuman, Delhi | Mutual Fund

As you are ready to take high risk and willing to invest for 20 years through SIPs, you may choose diversified equity funds and mid & small cap funds. Equity as an asset class gives you the highest inflation... Read More

As a Government employee can I become a Mutual Fund advisor

I am government employee as primary teacher. Can I become mutual fund advisor?

May 20, 2017 by Viraj Ratilal Patel, Makarpura | all

Being a Government employee you cannot become a mutual fund advisor... Read More

Is it right as I am timing my investments in small cap funds

I am investing in L&T Emerging Business Fund. I am retired and this investment I made 2 years back. My aim is protection against falling interest rates and inflation. Is it OK to continue investing. I am investing in Lump sum on dips?

May 20, 2017 by Rajendra Kulkarni, Nagpur | Mutual Fund

Being a retired person, investing in a small cap fund is not a wise decision. It seems you are trying to time the market as you said you are investing in lump sum in dips. Trying to time the market most of the... Read More

Should I exit ELSS investment after 3 years as return is low

I invested in 3 separate ELSS funds in 2015 Jan. AXis Long Term Equity Fund, Reliance Tax Saver & ICICI Prudential Tax Plan. Total investment was 60,000 with 20,000 in each. Now the net value is 57,000. What should I do after maturity in 2018. Should I wait or exit? I found that the CRISIL ratings for the above funds have fell from Rank 1/2 to 3/4. Honestly drop in the principal has made me worried?

May 20, 2017 by Naveen, Chennai | Mutual Fund

You have invested in 3 top performing ELSS funds. Remember, if you are investing in ELSS funds or any other equity fund, you should have an investment horizon of minimum 5 years and should not get... Read More

Where should I invest the redemption proceed of AXIS Hybrid Fund Series 8

We invested 15 Lakhs in Axis Hybrid Fund - Series 8 - Regular Growth Plan in January 2014. It is showing the present value as around 19.33 Lakhs. As I understand we did not get even a normal Bank FD returns. The lock-in period is ending in JULY 2017. Request you to please advise investing the maturity amount in a better performing MF for a period of 3 + years?

May 20, 2017 by Mahadev, Hyderabad | Mutual Fund

Axis Hybrid Fund - Series 8 - Regular Growth Plan is a close ended hybrid fund. You are right, the return of the fund has not been good and it delivered only 7.64% annualized returns (as on today) since launch... Read More

Please let me know good Mutual Fund MIP schemes

Please inform about the best tax free MIP schemes now. Crediting monthly or quarterly dividend or the appreciation after 1/2/3 years. Should be totally tax free?

May 18, 2017 by S.K. Das, Kolkata | Mutual Fund

If you are looking to invest for 1-2 years, then Mutual Fund MIP schemes are not suitable for you. For investing in Mutual Fund MIPs, your investment horizon should be minimum 3 years. You have written about... Read More

Can you review my mutual fund selection

Kindly review my portfolio mentioned - UTI Short Term Income Fund Institutional Plan - Growth allocation 5%, Birla Sun Life Gold Fund - Growth allocation 5%, Franklin India Bluechip Fund - Growth 15%, IDBI Nifty Index Fund Regular Plan - Growth 25%, BSL Gsec Long Term - Growth 15%, DHFL Paramerica Medium Term Income Fund - Growth 15%, Motilal Oswal Most Focused Midcap 30 Fund - Regular Growth 20%, please advise?

May 18, 2017 by Rashmi, Kolkata | Mutual Fund

Please note that we do not know your investment objectives and the time horizon of each of the investments made. We also do not know your risk profile. Therefore, it is difficult to suggest anything with... Read More