Investment, Financial Planning, Mutual Fund & Income Tax Queries

I want to know the performance of ING Vysya Mutual Fund schemes

I want to know the performance of ING Vysya mutual funds?

Apr 12, 2017 by Parminder, | Mutual Fund

ING Vysya Mutual Fund does not exist in India any more. ING Vysya Mutual Fund was acquired by Birla Sun life Mutual Fund in the year 2014. Following the acquisition, all the schemes of ING Vysya Mutual Fund... Read More

Can you suggest ELSS diversified and balanced funds which pays regular dividend

Please suggest me balanced, diversified & ELSS funds 2 each. I am 60 years old and want dividends either yearly, quarterly or monthly no matter?

Apr 12, 2017 by Dr. Anutosh Pattanayak, | Mutual Fund

You can choose any two funds from the following selections in respective categories – Balanced Funds – DSP BlackRock Balanced Fund, SBI Balanced Fund, ICICI Prudential Balanced Fund, HDFC Balanced... Read More

How to save for my marriage and start own business goals

I have queries regarding investment. My age is 28 years. I am currently in a contractual job in abroad for 1year(extendable). I have 2 goals for future. First one is saving for my marriage in 2years and 2nd one is fund for my start up business plan in next 6 years. In what type of mutual fund do I invest or any other investment plans?

Apr 12, 2017 by Anup, Ryadh | Financial Planning

As your marriage goal is only two years away, you can save the investible surpluses in short term income fund either through SIP or in lump sum as and when funds are available. You can choose a short term... Read More

Can you clear my doubts about mutual fund STPs

Lump sum or STP? shedding of confusion please. After going through the advice I deposited Rs 2L in ICICI Liquid Fund in Aug, 2016 and start weekly STP of Rs. 5000. In the last week of Aug my first STP was made @ Rs 127.50 ps. the STP is going on regularly. What I have observed that the average of per Unit after paying 30 instalments not come down from my first purchase per unit i.e, Rs 127.50 ps. My question is that had I invested this amount in one lump sum at the beginning my entire investment was at Rs 127.50 ps per unit where as through STP it would be quite hire. Kindly clear the myth or confusion in this regard. Further I have another Rs 5L to invest in Balance Fund then in how many months it should be TRD through STP to get average? The longer the period of transfer higher the chances of loosing averaging as the unit rates may increase in majority of instalments as happened with me as stated above. Kindly enlightened with all pros n cons?

Apr 12, 2017 by Vinay Vashisht, Chandigarh | Mutual Fund

We could not understand your query well! Though you have mentioned that you have started the STP from ICICI liquid fund, you have not mentioned the target scheme name, i.e. the scheme to which you are... Read More

As I am new to SIPs which fund should I invest for the long term

I am new to SIP. I will invest 5000 per month. My age is 31. Investment Period 15-20 years. For 1 child education & marriage. Suggest excellent growth oriented SIP plans?

Apr 12, 2017 by Kareem, Yanam | Mutual Fund

Mutual Fund investments need to be made according to your risk profile. Though you have not given your risk profile, assuming your young age and long term investment period of 15-20 years we suggest that... Read More

Should we invest in lump sum or staggered way

I want a answer from an advisor and their thoughts. I have a scenario here for one of my friend's family and they asked me this question on behalf of their son who is 33 years old. They have 25 Lac Rs surplus, and every month my friend has a capacity to invest 20 thousand Rs through SIP. Now I have selected around 6 mutual funds, few of them equity(more) and few debt. In equity one is Large cap and 2 mid cap. Here I might be wrong but based on my research I selected funds. Through SIP my friend will invest 3000-4000 Rs each month in each SIP making total of 20 thousand Rs. However about the surplus, he wants to invest in those same funds 25 lacs distributed, i.e., suppose 3-4 lacs in each fund selected. The horizon is minimum of 15 years, beyond that depends on that situation after 15 years. Questions is should he invest 25 lacs Rs in funds as an initial investment amount along with SIP, or if suppose we select eg., HDFC fund and allotment from him is 4 lacs Rs from 25 lacs plus 4000 Rs SIP every month for 15 years, in this case should 4 lacs go in HDFC in one shot at first instalment along with SIP or 50k-1lac every 2 or 4 months. This is where we are confused, the main confusion is are we allowed to invest more amount in ongoing SIP like above HDFC fund in 2-4 months period or whatever we choose. I will appreciate any good view on our scenario in order to grow money and minimizing risk?

Apr 12, 2017 by Piyush, Mumbai | Mutual Fund

We have following to comment and suggest on your query. Mutual Fund investments should be made based on the investors risk appetite and the investment horizon. We are sure you must have taken care of... Read More

Should I transfer my home loan to some other bank

Request your suggestion if I am in right direction: I am 28 years old, CTC 6 LPA, have a housing loan of 26 L from SBI (term loan of 30 years) EMI will start from 3 years in future (2020) although interest would be charged for this period; around 22K EMI. I have started 3 SIP's (2k,2k,1k) total 5k no other debt. I am confused whether to transfer the loan to different bank so as to enable immediate EMI cut. Also please suggest any more ways to save money?

Apr 12, 2017 by Vikas Thakur, Navi Mumbai | Home Loan

We are not sure what were the terms and conditions of your SBI home loan? There must have been some special scheme for deferring the loan EMI deduction to 3 years. You should check that and evaluate if that... Read More

Should I shift some funds from bank account to mutual funds

I would like to invest about Rs. 5 lakhs from my savings bank account into mutual funds if they are profitable. My risk appetite is moderate. Which funds you would suggest for consistent returns?

Apr 12, 2017 by Sanjeevi, Bangalore | Mutual Fund

It is a good idea to transfer some investible surplus from your bank account to mutual funds. But whether it will be profitable or not will depend upon your investment objective, investment horizon and risk appetite... Read More

How to get regular monthly dividends from mutual funds

I am interested to invest a lump sum approx 6 lakhs amount in monthly dividend payout funds. So, please I request you suggest me best performing 5-6 mutual funds with high monthly dividend. I need compulsory monthly dividends?

Apr 11, 2017 by M Rammohan Rao, | Mutual Fund

It seems from your query that you require a monthly cash flow (dividends) from your investments in mutual funds in order to meet monthly expenses. There are some good performing balanced category of mutual... Read More

Where to invest my gratuity amount to get monthly dividends

I need your guidance from your end on the funds which give regular monthly high dividends with proven record. I have got Gratuity amount last month when I resigned the job. I have 15 lakhs for investment. I need to invest this amount in 3-4 mutual funds which will pay me regular monthly dividend for my monthly expenses. Kindly guide me where should I invest this amount?

Apr 11, 2017 by CSN Rao, | Mutual Fund

Since you are retired and seek to have monthly dividends from your investments, following good performing balanced funds with proven monthly dividend paying track record can be suitable for you... Read More