Investment, Financial Planning, Mutual Fund & Income Tax Queries

Where to invest Rs 10 lakhs to get a monthly Income of Rs 10 thousand

I am getting 10 Lakhs and I want a monthly income of Rs. 10,000 from it. Where to invest please suggest me?

Dec 5, 2016 by gopalakrishnan d, tiruvannamalai 606601 | Mutual Fund

Before you invest in any fund or market linked products (say, mutual funds), you must assess your risk profile. Getting a monthly return of Rs. 10,000 from an investment of Rs. 10 Lakhs is quite challenging... Read More

What would be the condition of bond market in India if US Fed is going to hike the rate

I have invested lump sum in debt mutual fund i.e Birla Sun Life Monthly Income Plan II - Savings 5 Plan - Direct Plan, BSL Dynamic Bond Fund - Direct - Growth, ICICI Pru Monthly Income Plan - Direct - G, HDFC - Bankng & PSU debt fund for a duration of 3-5 years. News is that in December US Fed is going to hike their rate of interest. In such condition how bond market in india will be affected and also my investments. Please educate me?

Dec 5, 2016 by Basudev, Barbil | Mutual Fund

Answering the query you have sent to us, will require a full blog to be written. May be we can think of taking that up in future. However, I would like to point out that in India, investors think too much about... Read More

Can I invest Rs 1 Lakh in SBI Magnum for quarterly dividend

I am a senior citizen. Want to invest 1 Lakh in an open ended MF which gives quarterly dividend and can also withdraw the MF when needed. Some body has suggested SBI Magnum. Is it okay?

Dec 4, 2016 by Rita Dass, Kolkata | Mutual Fund

In your query you have not mentioned the fund name and has only mention SBI Magnum. Please note that there are a number of funds from SBI Mutual Fund stable starting with SBI Magnum. However, a little bit... Read More

What about my principal investment if I do SWP from debt funds

You have explained very well investments for SWP in debt fund is good. I agree. But tell that if we are redeeming units every quarter and total units 10000 are getting exhausted. No doubt NAV is increasing. Can NAV come down in debt fund. At one time total units will finish then what about our investment amount i.e. capital loss. Please clear this?

Dec 4, 2016 by Mahesh Kumar Sapra, Delhi | Mutual Fund

Thanks for the kind words. Please note that over a period of time the NAV keep increasing and that compensates for the redeemed units through SWP. While NAV keeps increasing, the units gets reduced as you... Read More

How can I get the redemption proceed from my husband's Mutual Fund investment

I have received a letter regd. folio no. 5105000746 LIC MF Equity Fund - Growth Plan. But sorry to inform you that my husband shyama pada roy expired on 28.01.2013 and I am not getting any policy. So please guide me how i can get my maturity amount?

Dec 4, 2016 by Bharati Roy, Sainthia Birbhum | Mutual Fund

It is very unfortunate that your husband expired and you did not know about his investment in this particular fund. You should immediately contact the nearest LIC Mutual Fund office or write to - The Investor... Read More

How to save additional Rs 50,000 for tax benefit

My investments are already up to Rs. 1.50 lacs including investment in EPF, can get benefits of 80CCD by investing additional in PPF A/C. What are other options to avail tax benefit by investing additional Rs.50000?

Dec 4, 2016 by Amrish Se, Ahmedabad | Taxation

You can save only upto Rs.150,000 under Section 80C of the Income tax Act 1961. For availing additional tax rebate of Rs. 50,000 you may invest in National Pension Scheme (NPS). We have replied to a... Read More

Have I selected the right mutual fund schemes for long term investments

My monthly income is 50,000. I am 28 years old, single with no dependency. I want to start investing in SIP of 19,000. Following Mutual funds I have picked based on CRISIL ratings and rankings. Please suggests, DSP BlackRock Micro Cap Fund - Regular Plan (G) - 2000, DSP BlackRock Micro Cap Fund - Regular Plan (G) - 2000, Mirae Asset Emerging Bluechip Growth - 2000, Franklin India Smaller Companies Fund Growth - 2000. Large Cap - SBI Blue Chip Fund (G) - 2500, SBI Blue Chip Fund (G) - 2500, Kotak Select Focus Fund - Regular Plan (G) - 2000. Diverified Fund - ICICI Prudential Value Discovery Fund (G) - 2000, L&T India Value Fund (G) - 2000?

Dec 4, 2016 by Subhobrata Mukherjee, Chennai | Mutual Fund

CRISIL research is most dependable, transparent and followed by the industry. You have done the right thing by selecting funds based on their rankings. The only point I would add here is that you should... Read More

How to create a corpus of 4 Crores in next 20 years

I am 40 year old. By profession doctor. My income 24 Lakhs per annum. I am doing the following - 1. Paying house loan emi 40,000 per month since 3 years, 2. PPF account (me and my wife) 15 lakhs, 3. RD in bank @ 9% interest / Rs. 5000 per month, 4. Mutual funds - a) ICICI Prudential Value Discovery Fund Rs. 4,000 per month @ 2 years, b) HDFC Balanced Fund Rs. 3,000 per month @2 years and c) UTI Midcap Fund Rs. 3,000/ month. Sir, I want a corpus of 4 Crores in 20 years. Please suggest me mutual funds portfolio for 4 Crores in 20 years. Total SIP amount and fund name etc?

Dec 4, 2016 by Lokesh Arora, Bikaner | Financial Planning

Your investment in PPF is fine and you should continue with that. I think, you are also claiming tax rebate on your principal and interest amount on monthly Home loan EMI. With PPF and tax benefit on Home... Read More

Where to invest my money for 1 year investment horizon

I have 50000 to invest for an year but I am confused which category would suit me the best in view of 1 year of timeline looking at current market situations. I am looking forward towards as my choices: 1) Dynamic Bond, 2) Gilt Fund, 3) Liquid Fund, 4) Fixed Deposit. Please suggest if there is better category apart from these 4 listed above?

Dec 4, 2016 by Mohit, Delhi | Mutual Fund

You can invest in Liquid funds or short term debt funds for an investment horizon of 1 year. Please check the top performing liquid funds and debt funds from the following links... Read More

Has DSP BlackRock Balanced Fund announced dividend for November 2016

Normally record date for deceleration of fund is 28 but so far I guess Nov.'s dividend is not yet announced on DSPBR Balance Fund (D)?

Nov 28, 2016 by Noutam Prabhudas Mehta, | Mutual Fund

Historical Dividends of DSP BlackRock Balanced Fund - Regular Plan - Dividend it pertains to the dividend announced for the month of October 2016 – record date was October 28, 2016. The dividend for... Read More