Investment, Financial Planning, Mutual Fund & Income Tax Queries

What if I start SWP from UTI Equity Fund and continue till 10 years

I want to invest Rs. 500,000 in UTI Equity Fund and take monthly SWP of Rs. 3750, Term 10 years. After 10 years how much return?

Dec 17, 2016 by P.K. Das, | Mutual Fund

SWP withdrawal from balanced funds and equity funds is gaining popularity amongst investors looking for regular returns. With regards to your query as to what would be the return after 10 years, if you withdraw... Read More

Is selection of funds for my SIP good

I am 26 year old married women I would like to have your opinion on my portfolio which is as following:- 1) DSPBR Micro Cap Fund - Rs. 2000pm, 2) Franklin India Prima Plus Growth – 2000pm, 3) L&T India prudence fund - Growth - 2000pm. I would like to increase my SIP amount will like to add new fund. I have short listed following funds in addition to my above existing funds:- 1) ICICI Pru Value Discovery Fund - 2000pm, 2) Mirae Emerging Bluechip Fund - 3000pm, 3) Franklin India Smaller Cos - 1000pm, 4) HDFC Midcap Opp Fund - 1000pm. Total amount to be invested in equity - 13000pm. In debt 1) BSL Dynamic Bond - 2500pm, 2) ICICI Pru Banking & PSU Debt - 2000pm, 3) HDFC Balanced Fund - 1000pm, 4) ICICI Pru Banking & PSU Debt - 1000pm, 5) Axis Short Term - 1000pm. Total amount to be invested in debt fund - 7500pm. Please suggest necessary changes required to be made or should I go for above chosen funds?

Dec 17, 2016 by Mahek, Mumbai | Mutual Fund

The 3 funds in which you are currently doing SIP are all top performing and suitable for an investor with moderately high risk taking appetite. You want to increase the total monthly SIP amount and have chosen... Read More

Where to invest two lakhs as lump sum

I want to invest Rs. 2 Lakhs as lump sum which I want to convert in SWP or STP for maximum 3 years. Kindly suggest the Best Fund and best plan with moderate risk?

Dec 16, 2016 by Dipesh Tare, Mumbai | Mutual Fund

Your query is not clear to us as you have written you want to invest Rs. 2 Lakhs as lump sum and covert in SWP or STP for maximum 3 years. This is quite confusing. Do you mean you want to invest in lump... Read More

Can you please let me know more about SWP

Please let me know more about SWP?

Dec 16, 2016 by Binu Kuriakose, | Mutual Fund

To know more about Systematic Withdrawal Plans or SWPs, we suggest that you read the following articles – A smart option for getting regular returns from balanced funds... Read More

How do I plan my finances and achieve long term goals

I am a permanent member of your site. My name is Sunil Kumar working in Central Govt. sector and my age is 32 years, recently married, my wife is home maker and no kids. My assets are follows 1) My salary package as on date: Rs. 6 Lakhs per annum, 2) EPF balance as on date 2 Lakhs, 3) Emergency fund I kept in SBI as OD against FD worth Rs. 1 Lakh 4) Term policy worth Rs. 75 Lakhs (Kotak - 25 Lakhs, Max life - 50 Lakhs) out of which I have paid annual premium of Rs. 8,500. Policy tenure up to 60 years. 5) Housing loan in HDFC for Rs. 20 Lakhs and paying monthly EMI as Rs. 20,000. 6) Investing MF in SIP mode (Monthly Rs. 2000) for tax benefit in SBI Tax Gain Scheme only. Still I don't have any financial planning but now I am aware of these things and financial goals are as follows 1) Retirement planning: my expenses as on today is Rs. 20,000 and I am going to retire in 60 years of age 2) Kids Marriage: After 20 years I expected to do marriage for my kids and need 10 laKhs as on today exp 3) Kids Education 8 lac as on today exp 4) After 3 years I need 300,000 for abroad tour. I can invest Rs. 15,000 pm in moderate risk. Can I fulfill my goals else how much amount I need to save to complete my goals. I can increase this SIP every year 10% Please suggest?

Dec 15, 2016 by Sunil Kumar, Chennai | Financial Planning

The term insurance plan you have taken considering your annual income is fine and adequately covers the family. However, you have a home loan of Rs. 20 Lakhs for which you should have taken another term... Read More

How to invest my FD maturity amount to get a fixed amount every month

I am 27 years old and very new to MF. I have an FD which is going to mature in march 2017 and because of declining interest rates and TDS, I am no longer interested in reinvesting. After going through several articles on the net I came across your website which I think will definitely guide me with this. Amount of Investment is Rs. 10,00,000 (Ten Lakhs). I also want a regular income from the investment and I have seen there are various SWP (again I am very new to MF). Please guide me where, how to invest the money so that I can reap the maximum out of it?

Dec 15, 2016 by Mrinal Pandey, | Mutual Fund

Your decision of not renewing the fixed deposit on maturity is a correct one. The interest rate on fixed deposits have come down recently and the rates are set to fall further in the coming months due to... Read More

Which are the good funds for SIP from my selected funds

I would like to invest Rs. 2,500 per month in Birla Sun Life Equity Fund - Growth and Rs. 2,500 in ICICI Prudential Balanced Fund - Growth. Or, Rs. 2,500 in ICICI Prudential Value Discovery Fund - Growth and Rs. 2,500 in SBI Magnum Balanced Fund – Growth. Are they good funds? Please advise me which one is better?

Dec 15, 2016 by Dr. Siva, | Mutual Fund

All the funds that you have selected from diversified and balanced fund category are amongst the top performing in their respective categories. It seems you want to invest 50% in a diversified equity fund and... Read More

Should I continue my SIP in Birla Sun Life MNC Fund or change it

Can you advise me for a SIP of around 15 years Horizon? I also would need your advise on, I have a running SIP of Birla Sun Life MNC Fund (Folio No 1016809619), I guess I am booking losses in this. Can you Please advise?

Dec 15, 2016 by Yogesh Shirole, Mumbai | Mutual Fund

We have already replied yesterday to the first part of your query. Please check here... Read More

Should I take loan and invest in mutual funds

I am planning to invest to 12 lakhs in mutual fund with SWP. I will take loan of Rs. 12 Lakhs for 10 year and invest in MF. I will pay 12000 per month as a loan EMI. Since I will go for Rs. 6,000 SWP each month so I have to pay only Rs. 6,000 from my pocket and rest will be paid by SWP. I will invest in following three mutual fund - 1) Sundram Select Midcap Growth - Rs. 4 Lakhs, 2) DSP BlackRock Microcap - Rs. 4 Lakhs, 3) Motila Oswal Most Focused 25 - Rs. 4 Lakhs. If history repeated for all above mutual fund then I am expecting around 1.5 Crores from my 12 Lakhs investment in 12 years. Presently I am paying 7000 per month for monthly SIP from last 4 year but not getting good return, I am getting return about 14-18% per annum on SIP. So I have plant to take loan and invest lump sum amount in One Go. Please suggest whether its good to take loan for mutual fund. Since I am 30 years old and I am risk taking investor. Can I take loan for this. Please suggest whether I have to take loan or continue with my existing Rs. 7,000 per month SIP. Reason for taking loan is only to invest good lump sum amount in one go so that I can get good return. I have seen lump sum amount invested in mutual fund have very good return instead of taking SIP?

Dec 15, 2016 by Sumit Bisla, Faridabad | Mutual Fund

It is never advisable to invest in mutual funds by taking a personal loan. In fact, if you take a personal loan, you will see that in the terms and conditions, it is clearly mentioned that the loan amount can no be... Read More

Where to invest 20 Lakhs if investment horizon is 5 years

What is your suggestion to invest 20 Lakhs in Mutual Funds for pure investment purpose (5 years time horizon)?

Dec 14, 2016 by Vathsala Rao, Bangalore | Mutual Fund

Investing in mutual funds should be based on your ability to take risk and investment horizon. That means, you should choose funds suitable to your risk profile. We are not sure what is your risk profile... Read More