Investment, Financial Planning, Mutual Fund & Income Tax Queries

Have I invested in right funds for achieving long term goals

I am 26 years old working professional and moderate to high risk taker. I have invested in HDFC Mid Cap Opportunity Fund (Rs 3000), DSPBR Micro Cap Fund (Rs 2000), Kotak Select Focus (Rs 3000), ICICI Focused Blue-chip Fund (Rs 2000) and Reliance Small Cap Fund (Rs 2000) through SIP for goal of long term (7-8 years) corpus generation. Additionally, I am also investing in Reliance small cap fund (Rs 2000) and DSP BR Micro Cap fund (Rs 2000) through SIP for retirement goal. I have also invested lumsump amount of 50,000 in Jan 17 in SBI Magnum Tax gain Dividend pay out scheme for tax saving purpose. I like to know whether my selection of funds are good and SIP amount is sufficient for achieving all goals in given time frame. I have budget of 20000 per month for SIP?

Mar 24, 2017 by Ranjan, Kozhikode | Mutual Fund

Given you risk profile which is 'high' you have invested in the right funds. Your portfolio is tilted more towards mid and small cap funds which is an ideal choice for high risk takers if they are investing for the long... Read More

How can we start SIPs for our retirement planning

Me and my wife are 40 year old professionals want to start SIPs in equity funds for long term 15-20 years. Our goal is retirement at 60. Till now all our bIG investments are in FD, PPF, KVP, LIC, NSC, KVP. Kindly suggest a well diversified portfolio for us with moderate risk. Kindly don't repeat the funds in both portfolios to get more diversification with different AMCs. We want to invest 100,000 each every month?

Mar 24, 2017 by Vipin Arora, Noida | Mutual Fund

Since both, you and your wife, are moderate risk takers, you should invest in large cap and balanced funds for creating your long term retirement corpus. For investing in large cap category, you can select from... Read More

If my fund selection is good

Please suggest me if required any changes in my portfolio. I am investing for long time purpose (approx 15 years) 1) SBI Bluechip 2000, 2) SBI Magnum Global Fund 1000, 3) UTI MNC Fund 1000, 4) DSP BlackRock Micro Cap 2000, 5) L&T India Value 1000, 6) L&T India Prudence Fund 1000, 7) Invesco India Mid and Small Cap 1000, 8) Kotak Select Focus Fund 1000. Want to invest more 3000. Please suggest me if there any change require and should I invest in the same fund or choose the new one. Waiting for your positive response?

Mar 24, 2017 by Pritam John, Delhi | Mutual Fund

Your fund selection is okay excepting SBI Magnum Global Fund and UTI MNC Fund. Instead of SBI Magnum Global, you can invest in SBI Magnum Midcap Fund and in place of UTI MNC Fund, UTI Equity... Read More

Should I invest in ICICI Prudential MIP 25 Fund

My age is 37 years and I'm a self employed person. I have accumulated Rs. 1 lakh from my income. should I invest it in ICICI Prudential MIP 25? How much monthly income can I expect? Is there any option of not taking the monthly income & keeping it for wealth creation? can I get any tax benefit investing in this fund?

Mar 24, 2017 by Deep Jyoti Dutta, Digboi | Mutual Fund

Yes, you can invest in ICICI Prudential MIP 25 as it is a good performing MIP fund. You can check the historical monthly dividend pay outs of this fund from here... Read More

What is your view about IDFC Premier Equity Fund

I have invested in IDFC Premier Equity Fund Growth Fund, Direct Plan. What is your view?

Mar 24, 2017 by Dinesh Yadav, Ludhiana | Mutual Fund

Once IDFC Premier Equity Fund was a marquee fund in the midcap fund category. Since the last two years or so, the fund has not been able to live up to the expectations of the investors and advisors as it could... Read More

Can you suggest two funds for long term SIPs

My name is Ravi Kumar and I am new to this field so please suggest me best two SIP plan to invest 2500/monthly. One for large cap and second for mid cap which give me good return like 15%. I also want to take a child plan for my new born baby with 5000/monthly for next 15 years which cover her education and marriage expenses. Please suggest best one?

Mar 24, 2017 by Ravi Kumar, Hamirpur | Financial Planning

You can invest in SBI Bluechip Fund and Mirae Emerging Bluechip Fund from large cap and mid cap fund categories respectively. You need not take any child plan for meeting your child's education and... Read More

Can you suggest a SIP fund for 10 years and above

I have been investing for the last three months namely ICICI Pru Diversified Equity Fund and SBI Magnum Balanced Fund 2500 per month in each fund. I would like to invest 2500 more in one more fund. Could you please suggest the fund. I am 40 years old? I would like to SIP for 10-15 years?

Mar 24, 2017 by Siva, Vijayawada | Mutual Fund

You have invested in two very good funds - ICICI Prudential Diversified Equity Fund and SBI Magnum Balanced Fund. Your fund selection indicates that you are a moderately high risk taker. For your new SIP... Read More

Are ELSS Funds diversified equity funds

What's the difference between ELSS and diversified equity funds? Which category should we choose for example when both Principal Growth Fund and DSP BlackRock Tax Saver Fund gave 38.30 and 38.33% respectively in one year, almost equal returns for one year. Both funds are investing in equities and almost in the same companies? “If you want to take moderate risk, invest in the balanced fund. For high risk takers, diversified equity is always a better bet“, this is usual advice. Then what about the ELSS funds and the difference between the ELSS and diversified equity fund?

Mar 23, 2017 by Siva, Vijayawada | Mutual Fund

Please note that ELSS funds by design are diversified equity funds but kept in a separate category as ELSS funds offers tax rebate upto Rs 150,000 per annum under section 80C of the Income Tax Act 1961... Read More

Should I invest in debt funds for long term period

I am 34 years old NRI and have SIP investments of 5000 each in DSPBR Microcap, SBI Bluechip, Franklin India Flexicap, BSL Frontline Equity fund and ICICI Pru Value discovery fund. I want to invest lump sum funds on 2 equity funds for long term (more than 10 years, 2.5 lakhs each), Is Tata PE equity fund and L&T special situations fund an advisable fund for this investment? Also suggest a good debt fund in the current scenario to invest 2.5 lakhs for long term (more than 10years) or should I go with short term&Ultra short term investments?

Mar 23, 2017 by Manu Pillai, Cochin | Mutual Fund

You have invested in good performing mutual fund schemes across large cap, diversified and mid cap category of funds. Instead of investing in TATA PE Equity Fund and L&T Special Situations Fund, you may add... Read More

Can a son gift mutual fund units to father

Can a son gift its mutual fund units to his father instead of redemption on maturity? If yes, what is the procedure. Please mention the circular No or order of SEBI or any other valid authority?

Mar 23, 2017 by vinay vashisht, chandigarh | Financial Planning

Mutual Funds units are not transferable. In order to the son gift mutual funds units to his, therefore, is not possible. However, he can redeem the mutual fund units and gift the proceeds to his father without... Read More