Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which are the best balanced fund for SWP

I found your articles on SWP extremely comprehensive, informative and interesting. Might invest in some balanced MF with SWP option. In that context, can I get updated information on the best balanced funds to invest in as of today. You have an article on this at https://www.advisorkhoj.com/post-your-queries/Which-are-the-Best-Mutual-Funds-for SWP but it is one year ago?

Apr 17, 2017 by Anand, Mumbai | Mutual Fund

Thanks for the appreciation. We are glad to note you find our content on balanced fund comprehensive, informative and interesting. You may read another piece on this subject... Read More

Should I switch to other funds as current funds are not doing well

I am investing in UTI Equity Fund since last 1.5 years, Rs 38,000 invested and current value Rs. 43,000 and IDFC Premier Equity Fund since last 4 years, Rs 80,000 invested and current value Rs 100,000. Each 2000 monthly as a SIP. Will you advise to stick with them or I switch to SBI Blue Chip Equity and Franklin india Smaller Companies Fund?

Apr 13, 2017 by Ankit Johri, Bangalore | Mutual Fund

UTI Equity fund is good performing large cap fund and you can continue with that. 18 months time period is too early to draw a conclusion about your SIP investment in this fund. However, you can stop your SIP... Read More

Have I selected the right funds as a moderate risk taker

I am 41 years old. I have been investing since December 2016 in four funds viz. ICICI Pru Value Discovery Fund Regular (G), SBI Magnum Balanced Fund Regular (G), Franklin India High Growth Companies Direct (G) and BSL Equity Fund Direct (G) 2,500 per month in each fund. I own a house. I bought 100 grams gold through Sovereign Gold bonds. I have Jeevan anand life insurance policy for 2 lakhs. Another life insurance for 2 lakhs on my wife. In my PPF account there is a corpus of 4,60,000 and I save 50,000 in PPF every year. My salary is 60,000 per month. I am saving 25000-30000 in Sukanya Samruddi Yojana on my daughter's name. I have been paying Atal Pension Yojana 1310 for me and 630 for my wife every month, to get 5000 each as pension for month when we attain 60 years of age. We have a medical policy. I have 10 years investment horizon. I am an average risk taker. My aim is wealth creation. Is my fund selection good or do I have to make any necessary changes?

Apr 13, 2017 by Siva, Vijayawada | Mutual Fund

You have selected good funds from diversified and balanced fund category. However, as your risk profile is average, diversified equity funds are not suitable to you. You should invest in hybrid debt funds... Read More

What would be an aggressive portfolio with safety

What should be an aggressive portfolio with safety for 20 years for a 36 years old, to put entire salary in Mutual Funds?

Apr 13, 2017 by Raghavendra, Patna | Mutual Fund

If the mutual fund portfolio is aggressive it can not be safe. You have to understand that safe funds will be lesser aggressive and thus provide lesser return than that of aggressive portfolio in the long run... Read More

Can I invest in debt funds for more returns than FD

I want to invest around 5 lacs in debt funds. The investment horizon is 3-5 years. Main consideration capital protection and then returns more than FD. please suggest some funds for the same?

Apr 13, 2017 by Narendra Mahajan, Ichalkaranji | Mutual Fund

For 3-5 years investment horizon you can invest in long term income funds. Please see the top... Read More

Can you suggest 3 fund names where capital is absolutely safe

Please suggest 3 top performing funds in which my capital is absolutely safe?

Apr 13, 2017 by Parampal Singh Dang, Chandigarh | Mutual Fund

If you are looking for absolute safety of your capital then no mutual fund scheme or AMC can guarantee that. By nature, mutual fund investments are subject to market risk and the extent of risk depend on the... Read More

Will switch from regular plan to direct treated as sale of units

I am invested in DHFL Pramerica - Low Duration Fund - Daily Dividend for a little over an year. It was a lumpsum investment done via a distributor. Here are my questions: * Last year I had some cash earmarked for a purchase which did not materialize, hence I parked/invested my money in this fund for quick access. Since I have postponed my purchase plans for another 1 year, is it advisable to remain invested in this fund for that duration or do I have other options in the same category? * Their support team mentioned that there is no exit load on this investment however, I wanted to know if I go ahead with the "Switch" option (Direct - Growth), is it better than the current option (Daily Dividend)? * Is there any tax liability on me if I go ahead with the Switch option, considering the switch option may/will consider it as a fresh investment and thereby any angle of short term gain (as it is just an year old investment)?

Apr 13, 2017 by Mohit, Bangalore | Mutual Fund

Growth plan will be better if you are falling in lower tax bracket (i.e. less than 30%). For higher tax bracket dividend pay out option can be beneficial. If your investment horizon is one year then you can consider... Read More

What is the minimum amount to start ELSS SIP

I am 44 years old and want to start SIP ELSS. What's my minimum start amount and the best tax saver to grow my wealth creation per month?

Apr 13, 2017 by Henry, Panjim | Mutual Fund

The minimum amount with which you can start a SIP in ELSS is Rs 500 per month. ou can invest in any one from these schemes - DSP BlackRock Tax Saver Fund, Reliance Tax Saver Fund and ICICI Prudential... Read More

Is the redemption amount repatriable from NRO account

My son is an NRI and has NRE and NRO accounts. He has invested in Mutual Funds through his NRO a/c. Can he redeem these investments and repatriate them. Should the funds be transferred to the NRO a/c before transfer? If so, can you please advise on the formalities?

Apr 13, 2017 by Subramaniam, Nerul | Mutual Fund

No, the redemption proceeds received in NRO account can not be repatriated. NRO accounts are treated like ordinary savings bank account. However, your may repatriate redemption proceeds received in... Read More

Is there any difference in return between SWP STP and SIP

Is there any difference between STP Versus SWP + SIP from returns, Fund management charges as well as from taxation point of view?

Apr 13, 2017 by Vikas, Pune | Mutual Fund

Yes, there will always be a difference in returns as you are investing through different methods. SWP and STP are completely different methods and can not be compared. While SWP may provide a fixed regular... Read More