Investment, Financial Planning, Mutual Fund & Income Tax Queries

How to plan my life financial goals

I am 23 years old and would like to start my SIP investment. I earn 50,000 per month post tax and My expenses are 10,000 per month. I already have 1 Crore term plan of HDFC Life Insurance and I do RD of 5,000 per month. I want to take full benefit of Sec 80C by investing 12,000-13,000 per month in ELSS funds and my balance investments of 12-13,000 would be in other mutual funds. Kindly suggest which funds to choose. I can increase the SIP by 10-15% every year as well based on my increase in income. I have 5 different goals:- Retirement - 15 Crores (37 years from Now), Marriage - 15 Lakhs (4 years from Now), Car - 10 Lakhs (10 years from Now), Children Education - 2 Crores (25 years from Now), Home - 10 Crore (25 years from Now)?

Apr 27, 2017 by Ankit Shah, Mumbai | Mutual Fund

Great to have received your query and delighted to note that you want to start investing in mutual funds from a very early age of 23! We are also glad to note that from a very young age you want to plan for your... Read More

Can you give more clarity on PE Ratio

Really very good article on P/E ratio, but as clear EPS is explained P/E is not as such clear. If you can give more clarity on P/E ratio than it will be more helpful?

Apr 27, 2017 by Anil Midha, | Mutual Fund

Thanks for your comments. The definition of P/E ratio is very simple (share price by EPS), but a comprehensive understanding of how P/E ratio works in different situations and its relevance in investing is a... Read More

Should I switch from HDFC Long Term Advantage Fund

I have a HDFC Long Term Advantage Fund of Rs 25,000. Do I switch the amount. Please advise?

Apr 27, 2017 by Suvra Mallik, | Mutual Fund

Please note that HDFC Long Term Advantage Fund is an ELSS Fund and cannot be switch or redeemed within 3 years from the date of investment. As ELSS Fund provides tax benefit under Section 80C of the... Read More

Which fund to invest in as I am new to Mutual Funds

I want to invesment mutchul fund but I have no idea kha se start karu mai 2000 ka invest karna chahta hu monthly 3 years ke like please tell me which mutual fund investment better for me jise jyda profit ho sake?

Apr 27, 2017 by Nikhil, | Mutual Fund

As you are a beginner and about to start investing in mutual funds, we suggest that you start with low risk funds. As your investment horizon is 3 years only, you can invest Rs 2,000 through SIPs in hybrid debt... Read More

In which fund can I do a SIP for one year

I want to start a new sip for short time (1 year), please suggest me?

Apr 27, 2017 by Shishram Chahar, | Mutual Fund

For SIP investment of short term of 12 months, you can opt for Short term debt funds. You can check the top performing funds of this category here... Read More

What to do with Birla Sun Life Dynamic Bond Fund

One of my clients had invested Rs. 5 Lakhs in Birla Sun Life Dynamic Bond Fund in December 2016 when this fund was at it's all time high. However, now his portfolio has eroded significantly by 4.25%. For how long should this investment be held to recoup the losses? Also, why is the fund not dynamic enough to change it's debt portfolio now when the interest rate Outlook in the economy has changed?

Apr 27, 2017 by Nandita, Mumbai | Mutual Fund

Birla Sun Life Dynamic Bond Fund is a good medium term debt fund, but it is highly sensitive to interest rates. Hopefully, you would have advised a sufficiently long investment horizon (2 – 3 years) for this fund... Read More

What is the advise on SIPs for the long term

I am 23 year old and want to invest in mutual fund for long term. I can take high risk and can invest Rs. 10,000 per month for now and will increase the amount in 3-4 years? Can you please suggest me a portfolio of funds in which I should invest?

Apr 27, 2017 by Navdeep Singh, | Mutual Fund

As you are young and can take high risk, investing in diversified equity funds SIP is the best option for you. You can invest in any of the following two funds @ Rs 5,000 each... Read More

I need to know about mutual funds

I need to know about mutual fund?

Apr 27, 2017 by Rahul, | Mutual Fund

Great to hear that you want to know about mutual funds. Please do visit this section which can help you understand mutual funds better... Read More

Can you let me know best hybrid funds to invest

I want to invest in mutual funds, so I want your help. Which is the best hydrid risk mutual funds in India. Please help me out?

Apr 27, 2017 by Mydur Shashi Kiran, | Mutual Fund

Glad to note that you want to invest in mutual funds. There are two kind of hybrid funds - 1) Hybrid debt oriented funds, which are popularly known as MIPs as well. These funds invest 5-35% in equities and rest... Read More

Can you suggest schemes where I get regular return

I shall soon be retiring from service & would like to invest most of my PF, Gratuity & other retirement benefits in a basket of investments which would fetch me annual return of 10% or above (preferably tax free). Could you please help me in schemes where my principal investment is safe & also fetch me reasonable return to take care of my post retirement life?

Apr 27, 2017 by Avadhesh Mathur, | Mutual Fund

For availing tax free returns, mutual funds could be a good way. But as you are looking for safety of principal investments this may not be the right choice for you. If you are not ready to take even minimum... Read More