Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which mutual fund scheme should I invest for tax benefit

I would like to invest Rs. 10,000 in mutual funds. Please advise me which MF is the best one for me and also tax exempted?

Mar 27, 2017 by K.S.Srinivas, Hyderabad | Mutual Fund

As you want to save taxes by investing Rs 10,000 in mutual funds, you should invest in ELSS funds. Investments in ELSS Mutual Funds help you save taxes under section 80C of the Income Tax Act 1961 upto... Read More

Which ELSS fund should I invest in Mutual Fund

I am 60 years of age and want to invest around 1.5 lakh in ELSS. Please Help. Since the last one year I have been investing Rs. 10,000 per month in Axis Long term equity fund?

Mar 27, 2017 by J Chhabra, 110092 | Mutual Fund

Axis Long Term Equity Fund has a good long term performance track record. But during the last one year the fund failed to beat the benchmark and ELSS category returns. Therefore, if you wish to invest further... Read More

Have I selected the right funds for 5 years SIP investment horizon

I am thinking to start SIP in Sundaram Select Midcap Fund (2k), SBI Bluechip Fund (2k), DSP Mid and Small Cap Fund (2k), DSP Tax Saving Fund (3k), ICICI Prudential Tax Saving Fund (2k). Are this fund ok time horizon is 5 years+?

Mar 27, 2017 by Abhishek Poddar, Guwahati | Mutual Fund

You fund selection from large cap, mid cap and ELSS categories is good for 5 years+ investment... Read More

Should I invest through STP route or in lump sum

I am looking to invest 10 lakhs via STP. I am 27 years old, with risk appetite moderately high and want to invest for 5+ years. I want to first invest 10 lakhs in a short term debt fund and then via STP invest 80% of the amount in Largecap and Midcap funds over a period of one year. Can you please tell if this strategy is ok or should I invest lumpsum in my targeted funds? Also can you please suggest the best large cap and mid cap funds or any other funds based on my risk profile?

Mar 27, 2017 by Jaiveer Kalia, Chandigarh | Mutual Fund

Your strategy to invest via STP - short term debt fund to equity - is a good one over investing in one go in lump sum. It would even be better if you could go for weekly STP instead of monthly... Read More

Have I selected the right funds based on my risk profile

I am 37 years old and would like to invest for next 10 yr through SIP of 30-36K to achieve 1 Crore goal. Following are my fund selection after reviewing & analysis and can take average to moderate risk (60 Equity and 40 Debt). Request for your inputs on portfolio. Birla Sun Life Dynamic Bond Fund 1,000, Birla Sun Life MIP II Wealth 25 10,000, Franklin MIP 4,000, Birla Sun Life Relief 96 3,000, DSP BlackRock Tax Saver ELSS 2,000, Birla Sun Life Top 100 fund 3,000 Birla Sun Life Pure Value 7,500, Franklin Small Companies 7,500?

Mar 27, 2017 by Lalit Soni, Mumbai | Mutual Fund

You have almost selected the right funds based on your risk profile excepting that mid cap and small cap funds may not be the right fit for you as your risk profile is moderate. Mid and small cap funds are... Read More

Should I continue my investment in Gilt Funds

Really great to see the contents and articles in your website. Truly enriching. Glad to come across. Would like to ask one suggestion regarding investment in Gilt Fund.Invested in Franklin Government Securities Fund Long Term Direct. In losses after the recent RBI decision in Feb, 2017. Is it advisable to continue till it turns positive or shift to any other suitable fund? Appreciate your advice on this. Thanks?

Mar 27, 2017 by Srikanth, Kuwait | Mutual Fund

Thanks for the kind words about our website which we truly appreciate. Please note that investing in mutual funds should be based on your risk taking ability and investment horizon. We do not know why you have... Read More

Do you have a service centre in Pune

Where is your Service centre in Pune? Forward address with contact No?

Mar 27, 2017 by Ratan Sinh Naikavde, Pune | Mutual Fund

We do not have any centre anywhere in India. If you need any assistance for answering your queries or investing in mutual funds, you may write to us and we will try assisting you... Read More

How to invest in direct plans of mutual funds

I am new to Mutual funds and have been learning useful information from your website. I have 50k in my savings account and want to invest in Debt funds for 2.5 years. I have a doubt. How much tax will I have to pay on returns in the case of debt funds. Also I want to go for direct investment rather than by mediator. Please provide the information on procedural aspects for direct investment of debt funds, and Tax amounts on final returns?

Mar 27, 2017 by Bokam Rajasekhar, Chennai | Mutual Fund

Thanks for the kind words about our website which we truly appreciate. If you invest in debt funds for two and a half years, then it will attract short term capital gains taxes. Any investment in debt funds which... Read More

Is my fund selection good considering that I am retired

I am a 66 years old retired person with no pension who depend on return from my investments for monthly expenses. I have been following your posts continuously and find it very useful. I have invested all my retirement benefits in the following funds in addition to maximum limit in SCSS and POSB MIS for regular income. As a first time investor I made this portfolio myself about a year back without any expert's advice. I just wish whether I could get my portfolio reviewed by you once since I like to consolidate my portfolio to about 5 to 6 funds as there are too many funds. Could you please help me in reviewing and consolidating my portfolio? My funds are as below and all of them are Direct funds. Debt Funds - Franklin India Ultra Short Bond Super Inst Direct-G, HDFC ST Income Fund-Growth, Reliance Medium Term Direct-G, Quantum Dynamic Bond-G, UTI Dynamic Bond Direct-G MIP, Franklin India MIP A Direct-G, HDFC MIP Long-term Direct-G, Birla SL MIP II Wealth Direct Growth, Reliance MIP Direct Growth Balanced Funds, Franklin India Balanced Direct-D, Franklin India Balanced Direct-G, HDFC Prudence Direct-DM, HDFC Balanced Direct-D Quarterly Equity Funds, Franklin India Bluechip Direct-G, Quantum Long Term Equity-G?

Mar 27, 2017 by V Rama Krishnan, Kanyakumari | Mutual Fund

Being retired, you have rightly invested in SCSS and POSB upto the maximum limit. With regards to your mutual fund investments even though the funds selected are good we are unable to understand your... Read More

Is my mutual fund scheme selection good

Currently, I am investing SBI Magnum TaxGain Scheme and ICICI Prudential Focused Bluechip Equity Fund since last 4 years. Now should I continue with these SIP or switch to any other. If yes - please suggest some funds?

Mar 27, 2017 by Pankaj, Jaipur | Mutual Fund

SBI Magnum Taxgain scheme is an ELSS fund and currently not a great performing fund in its category. For performance details of ELSS Funds please check here... Read More