Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which is the best way to buy online mutual funds Direct plan and Regular plan

I want to know which is the best way to invest in online mutual funds? Whether its camsonline or Birla my universe or Fundsindia.com?

Jan 5, 2017 by Shyam Sunder Agarwal, | Mutual Fund

Please note that you can buy mutual funds online using any of the platforms as mentioned by you. However, all the three platforms that you have mentioned will facilitate you only to buy regular plans from their... Read More

Should I invest in NPS for extra tax benefit

I am a government employee with GPF within 20% of income tax bracket. My retirement will be after 15 years. Should I invest Rs. 50,000 in NPS for extra tax benefits?

Jan 5, 2017 by Naresh Kumar, Delhi | Financial Planning

You may be aware that, in the Budget of 2015, the Finance Minister announced an additional tax saving of Rs. 50,000 per year Under Section 80CCD of the Income Tax Act 1961. This is over and above the... Read More

Is my mutual fund portfolio fine or should I make a change

I am investing in HDFC Equity Fund 2500, Franklin India Bluechip Fund 2500, Birla Sun Life MNC Fund 3000, ICICI Prudential Value Discovery Fund 4000, DSP BlackRock Micro Cap Fund 4000, HDFC Balanced Fund 5000. Please guide me if I need to make any changes. If yes, where do I invest this money from these MFs?

Jan 2, 2017 by Amber Agrawal, | Mutual Fund

The funds you have selected are all good performing in their respective categories – large cap, diversified, thematic and mid & small cap. The selection of these funds are ideal for investors with moderately... Read More

Can you help me in understanding a capital appreciation STP

I want to start a capital appreciated STP using a ultra short term liquid fund. I am checking the returns of the fund in the moneycontrol (QTR vs FULL YEAR). I am having some confusion. I want to understand how the monthly capital appreciated money will go into the STP for the year, in the columns Absolute Returns (in %) I can see. I thought the full year returns will be the average of the 4 quarter, but I can see it is the sum. Please explain me this part, because when we calculate, there is huge difference between 2% and 8%?

Dec 29, 2016 by Subho, Chennai | Mutual Fund

We have already replied to you on a similar query on this topic. Please check here... Read More

Should one hold the bond funds beyond 3 years

I want to invest 6 Lakhs in a Balanced fund with monthly SWP of Rs. 5,000 after 1 year. Please suggest? Whether one should hold on to Bond fund which has completed 3 years?

Dec 26, 2016 by Prashant C, Goa | Mutual Fund

You have two queries - let us answer one by one. Your decision to withdraw from balanced funds after one year is right as long term capital gains (more than 365 days) on these withdrawals will be tax free. The... Read More

Which one is beneficial ULIP or Mutual Funds

Is investment in ULIP is better than investing in mutual funds, because in ULIP you will get less returns than mutual funds but after your death your family member will get 10 times the premium amount. Please give your advice?

Dec 26, 2016 by Subho, Chennai | Mutual Fund

Please note that there are many type of ULIP products with different cost structures pushed by different life insurance companies. But generally speaking, cost wise, mutual funds are cheaper than ULIPs... Read More

Can I invest in India and avail tax benefits

I am Citizen of Australia, my wife is Permanent Resident of Australia (hold Indian Passport) and my parents are Indian Citizens. Can I get exemption in tax if I invest in India in land / mutual funds / fixed deposits on my parents or my spouse name? Also please advise me that do I need to invest in my name only?

Dec 26, 2016 by Mahesh, Australia | Financial Planning

You are supposed to file tax return in India if you have taxable income in India, either from your investments, house property or any other sources. And to avail tax benefits, the investments has to be in your name... Read More

How to locate Birla Sun Life Mutual Fund office in my locality

Information regarding near by Mutual Fund office of Birla Sun Life MF and mutual fund related queries?

Dec 26, 2016 by Jayanta Dhar Chowdhury, Dum Dum | Mutual Fund

Please refer you query and the telephonic conversation on the above subject. Accordingly, kindly note below the address of Birla Sun Life Mutual Fund office in your locality... Read More

What is the various options in mutual funds for regular returns

I am a retired person aged 69 years. I had invested Rs. 15 Lakhs in Senior citizen post office scheme. It had matured an year ago. I had transferred the maturity amount in the post office savings bank hoping that I could invest better yielding instruments. As you know the bank deposit and post office deposit rates also have been reduced thanks to the policies of the Government leaving the old people like me in the lurch. I would like to get consistent return of at least 10 to 12% per annum. Can you kindly suggest the investment avenues including mutual funds meeting my requirement. My risk profile is moderate?

Dec 26, 2016 by V.Sanjeevi, Bangalore | Mutual Fund

You are right, the interest rates in fixed income instruments have gone down considerably in the recent past and set to fall further post demonetization. Your decision to look for avenues beyond fixed income is... Read More

What is your view on Reliance Equity Opportunities Fund

I have one specific query regarding one Reliance Equity Opportunities Fund(G). The fund is not giving returns from the last 2 years. What is your view on this fund. Should we withdraw investor's money in it or continue for sometime?

Dec 23, 2016 by Premjit Singh Suri, Ludhiana | Mutual Fund

The long term performance of this fund is very good, if you consider the performance of this fund over 5,10 years and since inception. It has comfortably beaten the benchmark and category returns over these... Read More