Investment, Financial Planning, Mutual Fund & Income Tax Queries

What is the fate of my investment if mutual fund company goes into liquidation

Please let me inform the fate of my investment if a mutual fund company with whom I shall go/am going, goes into liquidation. If you fails to reply me then do not send any mail in future to me?

Dec 20, 2016 by Utpal Mitra, | Mutual Fund

Mutual funds are run by asset management companies (AMCs) that earn their income through asset management fees that is charged on the value of your units. Mutual funds manage a pool of... Read More

Is my mutual fund portfolio aligned with my long term goals

I am a school teacher. My yearly income is about 5.5 Lakhs. I invest 2500 in Axis Long Term Equity, 2500 in Franklin India Taxshield, 2500 in Birla Sun Life Tax Plan 96, 1000 in ICICI Prudential Value Discovery, 1000 in Birla Sun Life Dynamic Bond Fund, 2500 in Birla Sun Life Short Term Fund, 1000 in HDFC Balanced Fund. Is my selection of funds good for wealth creation. I am 33 years old, my daughter is of 7 months old. I want to accumulate money for her education, marriage, and for my retirement. Please suggest?

Dec 19, 2016 by Sukanta Mukherjee, Kolkata | Mutual Fund

The Mutual fund schemes you have selected for monthly SIPs are all okay. The only suggestion is that if you are investing in these funds for achieving your long term goals like, retirement, children education and... Read More

Where can I find the Alpha of a Mutual Fund scheme

In your article of 10 October '16, "Importance of Alpha", you have stated that some financial publications show alpha of mutual funds. Kindly let me know the names of some of these publications, so that I can choose funds with higher alpha?

Dec 19, 2016 by Devinder Singh Dhaliwal, | Mutual Fund

You can visit our mutual fund research section and check this tool... Read More

Which mutual fund to invest in for 5 to 7 years period

I have FD worth 10,00,000 which are maturing in January. I would like to invest same money for long term (5 - 7 years) in Mutual Fund. Please let me know which MF I should opt for to get good returns over the long term?

Dec 19, 2016 by Shreyas Shah, Mumbai | Mutual Fund

Investing your FD maturity amount in mutual funds for the long term is a very good idea. But note that, selection of funds should be based on your risk taking appetite and investment horizon. Since you have... Read More

Is investing in liquid funds better than MOD in SBI

Please suggest keeping money in savings bank account with MOD (Multi Option Deposit in case of SBI) mode is better than the liquid fund or not. What is the major deference?

Dec 19, 2016 by Basudev, Barbil | Mutual Fund

SBI Multi Option Deposit Scheme (MODS) are Term Deposits linked to the Savings or Current Account of the individuals. Unlike Term Deposits which can be fully liquidated anytime you need funds; you can... Read More

What should be the initial investment amount if I have to draw Rs. 50000 a month after a year

I am 69 years old and like to have a monthly fund of Rs. 50,000 after one year by STP from debt fund to balance fund to avoid long term capital gain tax. Considering the annual return of the existing balance fund and the inflation rate of 5% what would be the initial debt fund corpus required to get the same fund flow of Rs.50,000/- for 10 years after a lapse of initial one year?

Dec 19, 2016 by Asoke Kumar Sarkar, Kolkata | Mutual Fund

The initial part of your query is bit confusing as you have mentioned ".. after one year by STP from debt fund to balance fund to avoid long term capital gain tax". To get a fixed amount after one year, you need... Read More

How to get regular returns from SWP as I do not have pension

I am retiring on 01-08-2017. I am not having pension facility. I have to survive on monthly income from SWP MF without tax. I will receive Rs. 20 Lakhs on retirement. Please advise low risk Mutual Funds with SWP?

Dec 19, 2016 by Nagaraju, Ananthapur | Mutual Fund

Investing in mutual funds should be based on your risk taking appetite. You have to think and decide how much risk you can take with your retirement money and how long you can remain invested? You have... Read More

Have I selected the right schemes for SIPs considering my age

I have 5 nos. of SIPs 1) Axis Mid Cap - Rs. 2,000 2) Quantum Long Term Equity Fund Rs. 2,500 3) IDFC Premier Equity Fund Rs. 2,000 4) ICICI Prudential Value Discovery Fund Rs. 5,000 5) Franklin India Prima Plus Rs. 5,000 are running & shall continue up to 2020 completes 36 months. Is it okay. This is to accumulate Value & growth. My age is 63 now?

Dec 17, 2016 by Bhawani Prosad Roy, Kolkata | Mutual Fund

The schemes you have selected for your SIPs are from diversified equity fund and mid & small cap categories, ideally suited to investors with high to very high risk taking capacity. You are 63 years old and... Read More

Can you please guide me on my current financial situation

My Expenditure & Investment details - Home Loan EMI: 10500 interest rate @9.65% for 25 year From Apr - 2016, LIC: 2000 Quarterly (New Jeevan Anand For 16 Year for 1 Lakh), PLI: 220 Monthly for 1 Lakh, SIP: 600 Monthly in SBI Bluchip Fund for 20 year, SIP: 600 Monthly SBI Magnum Midcap Fund for 20 year, SIP: 500 Monthly ICICI Value Discovery Fund for 20 year, No any person is dependent on my Income, I don’t have any Mediclaim Policy, Term insurance available with my Home Loan. Can I continue my SIP or repayment my home Loan?

Dec 17, 2016 by Rajeev, | Financial Planning

Interest rate of 9.65% on your home loan is high. You should contact the housing finance company and negotiate reducing the interest rates. Recently, most of the housing finance companies in India reduced the... Read More

Which one of the three existing SIPs should I close

I have an investment in the HDFC Top 200 Fund, UTI MNC Fund and JM Multi Strategy Fund since 2008. Now I want to close any one fund but I can not decided which fund is closeable. If I see the previous return of the fund the JM Multi Strategy Fund has shown low returns against my investments. So, please help me in this regard. I will wait your answer?

Dec 17, 2016 by Mahendra Khandelwal, | Mutual Fund

Yes, your assessment about JM Multi Strategy Fund is right! The performance of this fund is nowhere compared to the leading multi-cap funds. You can continue with HDFC Top 200 Fund as the performance of... Read More