Investment, Financial Planning, Mutual Fund & Income Tax Queries

How to show SWP withdrawals in my accounts

I have investment of Rs 5 Lakhs in HDFC Prudence Fund. After one year I will withdraw Rs 5000 per month. How I have to show Rs 60,000 withdrawal and Balance amount out of my investment in my Balance sheet and is there any tax impact?

Apr 24, 2017 by Siddhartha Solanki, Bhavnagar | Mutual Fund

If you withdraw any amount through SWP after 12 months from your investments in equity mutual funds or balanced fund, the capital gains arising from these withdrawals will be totally tax free... Read More

Should I select different funds for different financial goals

The words super, great, wonderful not enough to appreciate your service. Really this site giving knowledge that making future safe. So thanks from heart. Am NRI, 27 year age. My Financial Plans are, Buying House - Rs 40 Lakhs (5 year), (Short term) Business Capital - 50 Lakhs (11 year), (Medium term) Children Marriage - 1 Crore (20 years ), (Long Term) Retirement Plan - 5 Crores (30 years). So my question is I have to maintain different portfolio’s according to my goals because from my understandings for this corpse at least I need 80, 000 - 100,000 per month. That I can’t now. so I thought first I will invest for my short term goal (1) and meanwhile for second goal. After 5 year I plan to continue for my others goals gradually. Hence for Short term I choose debt funds. For 1 goal (Short Term - 5 year), (some equity funds for 2 - goal) L&T Ultra Short Term (Debt) - 5000, Birla Sun Life Short-Term Fund (Debt) - 10000, SBI Magnum Gilt Fund (Debt) - 5000, Franklin India Prima Plus (Diversified) - 2500, Birla Sun life Frontline Equity Fund (Large) - 2500, HDFC Balanced - 5000, Total SIP = Rs. 30,000 per month. After 5year (rest of goals – long term), Franklin India Prima Plus (Diversified) - 5000, Birla Sun Life Frontline Equity Fund (Large) - 10000, HDFC Balanced - 10000, Franklin India Smaller Companies Fund (Small) - 10000, Mirae Asset India Opportunities Fund (Diversified) - 5000, Birla Sun Life Short-Term Fund (Debt) - 10000, Total SIP = 50,000 per month Gradually depend upon my future growth I will increase SIP on large and Diversified funds. For assets allocation I remain invest in debt. So please advise is this portfolio and plan will help to achieve my goal?

Apr 24, 2017 by Michael, Chennai | Financial Planning

Thanks for the kind words which we truly appreciate. Your idea to plan for different life goals by creating separate investment baskets is an ideal approach. You have also selected good funds for your short term... Read More

Is my financial portfolio up to the mark

I invested in three SIP's last month - Franklin India Smaller Companies Fund, Sundaram Rural India Fund and Sundaram Select Midcap each amount to Rs. 2,000 per month. There is monthly auto deduction of NPS of Rs. 4,000 pm. I have Insurance Policies with Premium of Rs 1.1 Lakh annually. I have healthy savings in the form of FD's. I have been working since more than 3 yrs. I am single, 27 years old with monthly salary of Rs 60,000. My purpose is wealth generation. Is my financial portfolio up to the mark? Please advice for further investment?

Apr 24, 2017 by Ashishh, Delhi | Mutual Fund

You have selected good funds for your monthly SIPs and the current portfolio is quite aggressive. For your NPS investment you can claim additional tax rebate of Rs 50,000 per annum under Section 80CCD... Read More

Which SIP is best for me

If I have lump sum amount which SIP is best for me?

Apr 24, 2017 by Jaishree, Panvel | Mutual Fund

We think your query is not clear as you have mentioned that if you have lump sum then which SIP is best for you. Please note that if you have lump sum in hand you can straightaway invest in mutual funds... Read More

Am I investing in good funds to reach goal of one crore

Presently my age is 37 years. I am having one son and his age is 3 years. I am planning to start SIP for Rs. 10,000 in HDFC Balanced Fund (Rs 3,000), Mirae Asset Emerging Blue Chip Equity Fund (Rs 3,500) and ICICI Prudential Value Discovery Fund Growth, Birla Sun Life Advantage Fund Growth (Rs.3500). I want to invest for long term to accumulate around Rs 1 Crore. Please suggest in this regard?

Apr 24, 2017 by Srinivas, Alleppey | Mutual Fund

You have selected very good funds from balanced, diversified and mid cap categories. You have allocated a total of Rs 20,000 per month for investing in these funds through SIPs. If you continue your... Read More

Who is the regulator of mutual funds

Is there an authority in India (similar to banking ombudsman) to monitor and resolve customer complaints with regards to services rendered by mutual fund houses?

Apr 24, 2017 by Mohit, Bangalore | Mutual Fund

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in... Read More

Is the market too high? How to invest in high market for short term and long term?

I want to do a lumpsum investment of 30lakhs and for which i have decide few funds. I want to invest 15lakhs for short term and 15lakh for long term HDFC Balanced Fund 5lakhs Birla Sunlife Advantage Fund 5lakh Franklin India Prima Plus 3lakh Franklin India High Growth Co. 2lakhs Birla Sunlife MIP II wealth 25 5lakhs ICICI Pru MIP 25 5lakhs SBI Mag MIP floater 5lakhs. Q. 1) Is my fund selection is good? Q. 2) have I picked so many funds? If so kindly help me to add/remove funds? Q. 3) Should I invest directly or use STP route? If so kindly suggest me how to do so? Q. 4) Most imp question is it right time to invest? Many people told me market is very high right now I should not invest lumpsum. Kindly tell me the simple defination of what is market high and market down. I have no idea about where to know this?

Apr 23, 2017 by Diya A, Porbandar | Mutual Fund

You have not mentioned which funds are for long term investment and which ones are for short term investments. From your fund selection we are guessing that, the first 4 funds are for long term investment and... Read More

Are my funds underperforming and should I switch to other funds

I have invested lumpsum Rs 1.50 lacs each in Sbi Magnum Multiplier fund and Sbi Magnum Golbal Fund since 2006. Both the funds are not performing now. Should I switch to some other Funds. If yes, please suggest 4 funds?

Apr 23, 2017 by Anil Puri, Amritsar | Mutual Fund

SBI Magnum Multiplier has given more 20% return in the last 12 months and more than 21% annualized returns over the last 3 years. In our view the performance of the fund in the last 3 years or so is quite good... Read More

Have I selected the right funds for 10+ years investment

I am 35 year old. I already invested in "Mirae Asset Emerging Bluechip", "Franklin india smaller companies fund", "Mirae Asset India Opportunities Fund", "Kotak Emerging Equity Scheme" and "L&T India Value Fund". Please let me know are they fine. How about "Kotak select focus fund", "HDFC Mid-Cap Opportunities Fund" and "Reliance Small Cap Fund". Please let me know your inputs. I can have aggressive risk profile and planning to invest more than 10 years?

Apr 23, 2017 by Vishnu Beema, Bangalore | Mutual Fund

You have selected good funds. Please note that, all the funds that you have selected, except Mirae Asset India Opportunities Fund, are small / midcap funds. Since you have an aggressive risk profile and long... Read More

Which fund to start SIP for next 15 years

Myself Suneel, I am 35 years old, I want to invest Rs 10,000 per month for long term at least 15 years, can you suggest me funds?

Apr 21, 2017 by Suneel Kumar, Raichur | Mutual Fund

We always suggest investing in mutual funds based on one's risk appetite and investment horizon. It would have been better had I knew your risk profile. However, if you can take moderate risk, do invest through... Read More