Investment, Financial Planning, Mutual Fund & Income Tax Queries

What is the process for investing in SIP

I want SIP mutual fund. What a process?

Apr 18, 2017 by Hari Mangal singh, Jammu and Kashmir | Mutual Fund

For investing mutual funds either through SIP or lump sum, you should first have your mutual fund KYC made. The documents required for making KYC are – A colour passport size photograph, PAN Card... Read More

Can you suggest some dividend paying MF schemes

I am retired and solely depend upon this income. Please advise some best funds there I can invest Rs. 10,00,000. So I can get some better regular income. I shall obliged with your vision?

Apr 18, 2017 by Dharmander Kumar, | Mutual Fund

As you are retired, you can invest in balanced funds or MIPs to receive regular returns as dividend from your mutual fund investments. However there are two things that you should keep in mind... Read More

Is my ELSS fund selection good

I am planning to SIP in Axis Long Term Equity Fund for 20 years and Birla Sun Life Tax Relief 96 fund for 1 years. Each Rs 2000. Can I get good returns. Please suggest?

Apr 18, 2017 by Narayana, Andhra Pradesh | Mutual Fund

You have selected good ELSS funds for SIP. However, why you want to invest for I year in Birla Sun Life Tax Relief 96, compared to 20 years in Axis Long Term Equity Fund, is not clear to us. Yes, you can expect... Read More

Should I continue STP in HDFC Small Cap Fund

I am investing in HDFC Small cap Regular Growth fund since past 1.5 year. But this fund is unrated however my horizon is 5 years. Should I keep investing in this fund. I put 1,500 per week from my Debt fund through STP?

Apr 18, 2017 by Nikhil Mishra, USA | Mutual Fund

HDFC Small cap is not a good performing fund from mid & small cap category. If you make weekly STP to HDFC Mid Cap Opportunities Fund, you may expect better results than HDFC small cap fund. You... Read More

Have I done the right investment planning

Kindly advice my on below investment plan. Whether any alterations required in my Plan. Profile: Age-30, Married, 2 Girl Childs, Wife-Home maker, Earning: 80,000 per/month, Insurance: 2 LIC Plans worth 50,000 per year. Loans: None Deposits: 50,000 Current Investing Style: Equity: 16,000 per/month, ELSS: 4,000 per/month, Debt: 30,000 Lump sum in January/Start of year, Liquid: 100,000 for Emergency Fund. My Query: - I have started to invest in Mutual Funds this year and decided to go with Scrip box for my investments. My investment horizon is 20 years and my goal is build wealth with more exposure to Equity. Since am not sure on which fund to overweight to put more money, Iam doing SIP for all the below invested funds in equal percentage. Kindly advice on any alteration required in fund allocation/fund and my Investment Plan/style. ICICI Prudential Value Discovery Fund (G) - 4,000 SIP/Monthly, SBI Blue Chip Fund - Growth Rs. 4,000 SIP/Monthly, L&T India Value Fund Growth - 4,000 SIP/Monthly, Mirae Asset India Opportunities Fund Growth - 4,000 SIP/Monthly. Axis Long Term Equity Fund Growth Rs 2000/Monthly, DSP BlackRock Tax Saver Fund Growth - Rs 2,000 SIP/Monthly, Birla Sun Life Dynamic Bond Retail Growth - Rs 20,000 (Lump,sum, Start of every year). SBI Ultra Short Term Debt Fund Rs. 10,000 (Lump sum Start of every year), Reliance Money Manage Growth - Rs.100,000(Emergency Fund)?

Apr 18, 2017 by Dinesh, Chennai | Mutual Fund

Thanks for writing to us. Following is our suggestion – Your monthly earning is Rs 80,000 but with two LIC plans, we think, you are not adequately covered. You should consider buying a term plan to the extent of... Read More

Should I do STP from liquid fund

I like to create an emergency fund. For that reason I have chosen Birla Sun Life Short Term fund Direct. Is my choice good? I also have Rs 120,000 in my account to invest in 2 ELSS Funds (Franklin India Tax Shield and Birla Sunlife Tax Plan 96) equally. Should I start a SIP or STP from liquid or debt fund? In STP which one will be better, monthly or weekly? Please help?

Apr 18, 2017 by Sukanta Mukherjee, Kolkata | Mutual Fund

There are three parts to your query for which we have the following to comment – The idea of creating an emergency corpus is good and Birla Sun Life Short Term Fund is a good fund... Read More

How to buy Mutual Funds

To buy mutual fund?

Apr 17, 2017 by R C Saroj, Mumbai | Mutual Fund

There are several ways to buy mutual funds. You can contact a mutual fund advisor in your city who not only will advise you on fund selection but also help in transaction and post sales service. You can find an... Read More

Should I invest in debt funds to rebalance the portfolio

I want to invest Rs 10000 per month (SIP) for 10-15 years and I have recently purchased some funds i.e, Kotak Select Focus (50k), BSL Tax Saver (50k), DSPBR Tax Saver (50k), ICICI Prudential Value Discovery (30k). All are direct growth except two ELSS. Suggest me a portfolio with moderate risk taker. I think invest some money in Debt fund also?

Apr 17, 2017 by Anirban Senapatia, Tamluk | Mutual Fund

You have invested in good performing funds in their respective categories. For moderate risk takers balanced funds are good choice. However, in order to rebalance the portfolio, you may also invest in long... Read More

How to see the rate of dividends in balanced funds

Rate of dividend?

Apr 17, 2017 by Ranjit Sinha, | Mutual Fund

To see the rate of dividend of each balanced fund scheme, please visit our ‘Consistent Dividend Paying Mutual Funds’ section and see the balance fund category... Read More