Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which is the best debt fund from ICICI Prudential Mutual Fund

Which is the best debt fund from ICICI Prudential Mutual Fund? I am thinking to purchase ICICI Prudential Dynamic Bond Fund. How is the performance of this in terms of returns?

Dec 13, 2016 by Sachin, Mumbai | Mutual Fund

Please note there are many types of debt funds in ICICI Prudential Mutual Fund stable, including long term income funds, short term debt funds, accrual funds, ultra short term funds and liquid funds etc. Therefore... Read More

Should I start my new SIPs in the same schemes that I am holding

I am 35 years of Age, in my current Portfolio I have follwing SIP's. Birla sunlife Frontline Equity Growth Direct - 2k pm, ICICI Pru Value Focused Blue chip Growth Direct - 2k pm, Franklin India Smaller Companies fund - Direct - 3k pm, Mirae Asset Emerging Bluechip Fund - Direct - Growth - 2k pm. I wanted to Increase my SIP in Large cap by 3K pm, should increase that in Birla SL FL Equity fund or shift to Birla SL Top 100 Fund as it is of smaller size, also I have additional scope of a SIP of 3k pm which category of funds I should add to my portfolio or should I distribute in the existing funds?

Dec 12, 2016 by Himanshu Shekhawat, Gurgaon | Mutual Fund

The funds in which you are investing are good with a significant performance track record of long term wealth creation over different market cycles. We think, you should start your news SIPs in these existing... Read More

How can I start investing in mutual funds through an advisor in Delhi

I appreciate your mutual fund research & tools. I want some advise regarding investment. My money is kept in capital gain account. If I withdraw this amount then long term capital gain @ 20% tax liability. Can I recover this amount by investing in mutual funds? Please advise me. I will be highly thankful to you?

Dec 12, 2016 by K.K.Lavania, | Mutual Fund

Please refer the trail email and also your call to me with regards to your capital gain taxation and mutual fund investments. Please note that we have discussed and answered your capital gain query and that... Read More

Wanted to know about NRI taxation

An NRI since 2013 encashed Rs. 3 Lakhs in October 2016 out of Mutual Funds. We had invested through SIP from August 2010 to August 2015, cost value is Rs. 180,000 Lakhs. What is his tax liabilities on this gain. He has also received 1,10,000 as rent from his house property in FY 2016-2017. Is he required to file IT Return in this FY? Since FY 2013-2014 he has not filed any IT return as he had no income. Is he required to file returns for all these years? The rental amount. has been deposited in his PPF account which was already opened by him in 2008. Whether the deposits made in his PPF account on account of his rental income qualify for deduction in IT laws? Kindly guide?

Dec 12, 2016 by Vinay Vashisht, Chandigarh | Financial Planning

Sorry to say, your query is not complete and some parts are vague. Therefore, we will try answering the parts which are clear and for the rest, if you want, you can provide further details to us through... Read More

Do you provide professional investment advisory services

I am interested in seeking professional investment advisory services. Would like to know if you render such services & if yes then the modus of doing so along with the charges?

Dec 12, 2016 by Gaurav Datta, | Financial Advisory

We do not provide full scale Investment Advisory Services against a fee. At Advisorkhoj, our idea is to create investment and financial planning awareness amongst the masses in order to make them... Read More

Should I start SIP in ICICI Prudential Value Discovery Fund

I want to start sip in ICICI Prudential Value Discovery Fund in growth option?

Dec 12, 2016 by Nikhil Bansal, | Mutual Fund

We are glad that after reading our review you are planning to invest in ICICI Prudential Value... Read More

Is it possible to get Rs. 50,000 through SWP by investing Rs. 500,000

I want to invest around 50 Lacs in MF SWP and need a regular income of Rs. 50,000. Please advise me whether its possible to get Rs. 50,000 per month without loosing my principal amount in portfolio. Also suggest me list of MF with SWP suitable for my investment?

Dec 12, 2016 by Justin, Pune | Mutual Fund

It is not possible to get Rs. 50,000 without losing any capital, as monthly SWP withdrawal against an investment of Rs. 50,00,000. Please note that investment in any category of mutual funds do not assure... Read More

How to get regular returns from retirement corpus

Am an avid reader of your post and get mails on regular basis I try to re-read most of your mails which I have saved. I am a Mutual Fund Distributor & do Life Insurance for IPRU from Vellore. A client and close friend of mine has 40 Lakhs retirement corpus fund which he wants my advice to invest in funds so he can have a regular monthly income while his corpus also grows. 1) Time is for 1/3/5 years withdrawal of corpus if needed, 2) Staggered amount for all 3 time frame, 3) 30% IT bracket, 4) Pension received is 55K & house rent 25K/9% on 25 lac deposit are his income now, 5) Post Tax he needs at least 1.5 lac for a comfort living with travel, 6) He is yet to decide if he will be working further if so his earnings from that is not taken into account, 7) At 60 he is in good health still uses the gym to keep fit, 8) No liability except home loan, 9) wife is working as consultant approx pay pack 50k/ month?

Dec 12, 2016 by Nandakumar, | Retirement Planning

We have gone through your detailed query and find that the main point is how your client can utilise Rs. 40 Lakhs to get a regular income. He is already having pension and house rent income, but there is a... Read More

Can you please tell which category of funds can get me 11 to 12 per cent fixed returns

Please suggest fixed return debt/gilt long term fund or any type of scheme or fund which give 11 - 12% fixed returns. And what is tax bracket on them?

Dec 12, 2016 by S R Jain, | Mutual Fund

Please note that mutual funds do not offer any fixed returns irrespective of fund categories. You have mentioned two category of funds – Debt & Gilt – and return range of 11 - 12%. If you check our mutual fund... Read More