Investment, Financial Planning, Mutual Fund & Income Tax Queries

Is SBI Magnum Multicap Fund a good choice for next 7 years

Sbi Magnum Multicap Fund - Is this the right choice for next 7 years SIP. Please suggest?

May 11, 2017 by Partha S Roy, Bandel | Mutual Fund

Yes, SBI Magnum Multicap Fund is among top performing diversified equity funds and suitable for your long term investing needs. The fund has given 26.48%, 24.83% and 21.98% return over 1,3 and 5 years... Read More

Can you guide on investing Rs 30 Lakhs

Retired 72 years. Please guide investment to get good monthly income can invest 30 lakhs?

May 11, 2017 by Opinder Singh Paul, Delhi | Mutual Fund

Investment in any asset class including mutual funds should be made based on your risk taking ability and the investment horizon. You have written that you want to invest Rs 30 Lakhs but what you have... Read More

Will fund housed levy a penalty if my SIP has bounced

My questions are: 1. what happen when we don't have money in bank account and SIP is due? Are fund house do penalty on investor? 2. Can we stop our SIP without redeem? If yes then what will happens with our units? 3. Are all fund house trustworthy? I mean can we trust that they are not fraud and our investment will be save?

May 10, 2017 by Sallauddin, New delhi | Mutual Fund

Fund houses do not impose or charge any penalty in case the SIP ECS bounces from your bank due to insufficient fund in your bank account. However, most of the banks levy a 'bank charge' due to the... Read More

Can you suggest good diversified equity or small cap funds

I want to start SIP of Rs 5,000 monthly for minimum 15 years. Which fund should I select? (except SBI Bluechip & Mirae Emerging Bluechip) I prefer diversified equity and small & mid cap fund?

May 10, 2017 by Anirban Senapati, Kolkata | Mutual Fund

As you prefer diversified equity funds, you can consider schemes from these top performing funds - ICICI Prudential Value Discovery Fund, Birla Sun Life Equity Fund, Kotak Select Focus Fund and... Read More

Which ELSS funds to invest in for my tax savings

I am a Senior Citizen. In Order to save taxes would like to invest in a ELSS fund, with dividend option. Please suggest?

May 10, 2017 by Ujjal, Kolkata | Mutual Fund

ELSS is the best option for saving taxes under Section 80C of the Income Tax Act 1961. You can invest maximum upto Rs 150,000 per annum under this section to avail tax rebate. You can invest in DSP... Read More

Is my fund selection good for STP for the long term

First of all let me congratulate for your site and providing very useful tips on mutual funds. Regarding my query I am planning to invest lump sum amount of rupees 2 lakhs on following STP plans. 1. Birla Sun Life Front Line Equity Fund Direct from Birla Sun Life Cash Plus Debt Fund Rs 100000, 2. SBI Magnum Multiplier Fund Direct from SBI Insta Cash Fund for Rs 100000. So, please suggest me for above funds selection is okay or not. My risk may be at medium level and investment horizon will be more than 10 years?

May 10, 2017 by Srinivas, Alleppey | Mutual Fund

You have selected right funds - liquid and equity - for your STP investments. Even though, your investment horizon is 10 years+, have you decided how long would be the STP period? This is very important as a... Read More

How much SIP needed for building a retirement corpus of 5 Crores

I want to build a corpus amount of 5 Crores after 30 years at the time of retirement. Please suggest the best fund and how much amount to invest as SIP?

May 10, 2017 by Sujith A D, Thrissur | Retirement Planning

As your investment horizon is 30 years, you can invest in diversified equity funds for building your retirement corpus of Rs 5 Crores. You can invest Rs 15,400 per month for 30 years and assuming returns... Read More

Can you suggest Mutual funds for education of my son

I am 30 year old lady working in government service. I want to start SIP for Rs 8,500 for 10 years for my son's education, also Rs 5,000 for tax saving and Rs 12,000 for the construction of new house within 5 years. Suggest me the MFs that suits my purpose?

May 10, 2017 by Adheena Ram A, Thiruvananthapuram | Mutual Fund

Considering your age and investment horizon, we presume you can take moderate to high risk. Accordingly, you can invest in a diversified equity fund for your son's education. You can expect a return of around... Read More

Is my investment in SBI Blue Chip Fund good for long term

I am 19 year old student and doing a part time job. I use my part time salary for saving. I have Rs 1000 SIP in SBI Bluechip regular fund. Is it good for long term investment? And also I want to start another SIP for long term with aggressive return so which one will be good for me Mirae Assets Emerging Bluechip or DSPBR Small and Midcap?

May 10, 2017 by Sallauddin, New delhi | Mutual Fund

Great to hear that you are saving money from you part time job and investing in mutual funds from such a young age. Congratulations! SBI Blue Chip Fund is one of the top performing schemes from the... Read More

What is the average return can I expect in 10 to 15 years

I have invested 5,000 Per month in each Kotak Select Focus Fund - Growth, ICICI Prudential Value discovery fund, and 2000 per month in ELSS provided by DSP BlackRock, Starting May 2017. Need your suggestion on the quality of funds, and average returns I can expect for a 10-15 years period?

May 10, 2017 by Shayak, Mumbai | Mutual Fund

You have invested in good funds but you should monitor their performance at least once every year just to ensure that they are aligned with your long term goals... Read More