Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which fund is good for STP of one year

I want to do 2 STP's of 1 lac each with a time horizon of 1 year. Request you to please suggest some good funds for the same?

Apr 26, 2017 by Vinu, Mumbai | Mutual Fund

If your investment time horizon is only 1 year, you can invest in ultra short terms funds. Here you can check the top performing funds in this category... Read More

Should I invest in ELSS in lieu of equity funds

As per my earlier question I was advised that to achieve corpus of 80 lakhs in next 15 years, I can start SIP of around 25 thousand in any equity MF. This is the link: https://www.advisorkhoj.com/post-your-queries/How-to-achieve-child-education-goal-of-Rs-80-Lakhs. I had certain queries regarding the reply: 1. Will an equity ELSS fund give me almost same returns as any equity growth fund? This is because I need to look at my tax savings also. Hence can I instead go for any ELSS Equity Fund to achieve the same above target and save taxes too? 2. Rather than devoting the entire 25 thousand into any equity MF, will it be advisable to split the amount and invest them in different categories of MF like balanced, diversified, elss, large/small cap, etc. to average out the risks of pure equity? Please suggest?

Apr 26, 2017 by Hitesh, Mumbai | Mutual Fund

Following are the answers to your fresh queries - Yes, ELSS can give as much return as of other equity funds. The reason being ELSS funds are basically diversified equity funds. Therefore, if your need is to... Read More

How to get regular income from mutual fund SWP

1st of all I would like to congratulate you guys for this amazing platform you have provided for investers like us who do not have much of an exposure in this area, your efforts are simply commendable. On a different note I am looking to invest some money in the SWP that I have read so much about in the discussions on your website for a fixed monthly income. Could you please advise the best mutual funds right now with proven record to invest in, so that I can grow my capital along with a regular return on a monthly basis at say 8-9% per annum. Risk capability - low/medium Age - 62 Looking forward to your reply?

Apr 26, 2017 by Sharad, Panchkula | Mutual Fund

Thanks for the kind words which we truly appreciate. Glad that you liked our platform and found it useful. It is a good idea to draw a fixed amount regularly through SWP route while remaining invested in the... Read More

Is my current mutual fund portfolio good

I have invested in ICICI Prudential Banking & financial direct plan growth with 12,000 lumpsum, Reliance small cap fund Rs 1,500 quarterly SIP & SBI Blue Chip fund Rs. 4,000 quarterly SIP & also invested 20,000 in DSP BlackRock liquid fund. Please analyze my portfolio or any suggestion from your side to improve it better?

Apr 26, 2017 by Dev, Haldwani | Mutual Fund

You have selected good funds for your lump sum and SIP investments. The portfolio looks okay but we think, with a small modifications, you can make it better. ICICI Prudential Banking & financial Services... Read More

How can I better my current investments

I am Suraj Rai 27 years old salaried person. I am married and my wife is a teacher. We have 1 year old baby boy. My current salary is 32k/month and wife is getting approx. 13k/month in hand. We both are expecting at least 10% continuous hike in our salary/year. We are trying to build financial wealth as much as possible as my father's retirement is still 5 years later(He is government C class A grade central railway employee). So we have sound family's financial backing at present if something goes south. I have done below investment till date. 1. 2 LIC policy with combined yearly payment of 27025 Rs(it's insurance clubbed with investment). 2. 1 ELSS scheme taken of Axis Bank Long Term Fund, amount 50000 lump sum payment done in December 2016. 3. 15872 Rs/year of medical cover for me, my wife and a 1 year kid taken in August 16. total coverage is 18 lakhs for us, 15 lakhs in joint while 1-1 lakh each for me, wife and baby. 4. One 2 BHK flat purchased in Virar W Mumbai in April 2016 along with property & life cover(Rs 36 lakh) till loan period (11 years after possession). Agreement value is approx. 39.5 lakhs. EMI will be 44.5K/month once possession is given to us. Till that period , PRE EMI will be getting deducted(presently around 25K/month). My views are that taken life insurance policy will work as a debt fund along with minimum insurance cover. after 40 years projected return is approx. 40 lakhs. By the same time I will have Second I wish to use ELSS scheme for next 2 more years to build a decent emergency fund as that is major concern for me due to lack of funds in hand. Further I wish to stabilize my finances for some time as I believe, I am overstretched due to loan EMI. For more safety Should I buy additional life cover for me & my wife as premium is very low nowadays? I have 10 lakh of life cover already from LIC and additional 36 lakhs jointly with my wife from Aviva life insurance which is linked to my home loan account. My wife doesn't have any other insurance cover. Please have a look in my investment pattern and suggest what can be done to make it better. If any clarity is required, please let me know?

Apr 26, 2017 by Suraj Rai, Mumbai | Financial Planning

We think you should not mix insurance with investments and also should not compare debt funds with your life insurance policies. How you have calculated that you will receive Rs 40 Lakhs from your and your... Read More

Is there any option to compare mutual fund lump sum returns

Is there any option for me to compare lumpsum returns for a particular fund in the particular period. For example: fund name: Birla Sun Life MIP Wealth 25 Plan - Monthly Growth - Payment lumpsum amount is Rs 500,000. Invested in Jan 2007 and end period is december 2008?

Apr 26, 2017 by Vikram, Hyderabad | Mutual Fund

Though there are couple of research tools in our website to compare the lump sum returns of funds in one particular period or various periods, the returns can be shown only from scheme inception date till... Read More

Have I and my spouse selected good funds for SIPs

48 years old, 1st time investor in mutual fund, I want to start SIP of Rs 25,000 per month, Rs 5,000 in BSL Frontline Equity, Rs 5,000 in ICICI Pru Value Discovery, Rs 5,000 in Sundaram Select Midcap, Rs 5,000 in DSPBR Micro Cap Fund Rs 5,000 in HDFC Balanced Fund. My wife aged 47 years selected funds Rs 5,000 in SBI Bluechip, 5,000 in Kotak Select Focus, Rs 5,000 in ICICI Prudential Top 100, Rs 5,000 in Mirae Asset Emerging Blue Chip and Rs 5,000 in ICICI Balanced Fund. Are my choices proper?

Apr 26, 2017 by Munir J Mehta, Mumbai | Mutual Fund

You and your spouse have selected good funds for starting your SIPs. You have selected schemes from large cap, diversified, balanced and mid & small cap funds. Though your choice of funds is good... Read More

How to reach child education goal after 15 years

I want to invest in Mutual Fund. What ways to start investment? I am planning to invest for my child education for 15 years. I am Govt. employee. Please suggest right funds? I am moderate risk taker?

Apr 25, 2017 by Dinesh, Erode | Mutual Fund

Great to hear that you want to invest in mutual funds for your child’s education after 15 years. However, you must set a goal in terms of how much you need after 15 years for this goal. Once you know that you... Read More

Where to invest for 1 year

Need to invest 3-4 lakhs Lump sum for a a time duration of 1 year minimum (Maximum is not fixed). Request you to please suggest appropriate channels to invest the same. Also, please let me know the tax implications too if the withdrawal happens after a year or more?

Apr 25, 2017 by MGD, Mumbai | Mutual Fund

For investment horizon of 12 - 24 months, you can invest in short term bond funds. Birla Sun Life Short Term Fund, ICICI Prudential Banking & PSU Debt Fund, HDFC Medium Term Opportunities Fund and... Read More

Which small cap fund gives best return

Which small cap mutual funds give best return?

Apr 25, 2017 by Deshmukh, Pune | Mutual Fund

It is very difficult or you can say impossible to answer this question - which small cap mutual funds gives best return? In fact, why small cap funds? this cannot be answered in context to any of the fund... Read More