Investment, Financial Planning, Mutual Fund & Income Tax Queries

Will my investments in NPS qualify for tax rebate under Section 80CCD

My 80c limit is exhausted with investment over 1.5 Lakhs, I am doing additional investment in NPS on my own (personal). Can it be qualified for 80 CCD 1 (B) or does I require anything to get my NPS investment qualify for 80 CCD 1(B)?

Oct 14, 2016 by Ankit, Pimpri | Taxation

Your investment in NPS will qualify for tax rebate under section 80CCD (1B) upto an amount of Rs. 50,000. This rebate of Rs. 50,000 under section 80CCD is over and above the limit of Rs. 150,000 for Section... Read More

What more services your company provide to the financial advisor

What more services your company provide to the financial advisor?

Oct 13, 2016 by Manish, Sonipat | Financial Advisory

We make website for financial advisors which has features like, tools & calculators, mutual fund research, News etc. and client portfolio tracker... Read More

What are the various paid plans

Please email costing of various paid plans?

Oct 1, 2016 by Jitesh Babel, Jaipur | General

Currently, we do not have any paid plans for registering advisors on our platform... Read More

Which mutual fund scheme will give double return in one year

Within one year which scheme will give double the amount which I put in the Mutual Fund. Which mutual Fund is Mostly Good. One Kindly give the Name of the mutual Fund and Minimum how much amount to be deposited also to be mentioned in your message?

Oct 1, 2016 by Madappallath Sivasankaran, | Mutual Fund

No mutual fund scheme can assure or claim to give you 100% return in one year. Your expectation is quite unrealistic and you should not invest in mutual funds with this kind of expectation... Read More

What is Mutual Fund

Advise me for what is the mutual fund?

Oct 1, 2016 by Hitesh Parmar, | Mutual Fund

Please explore this section to know what is Mutual Funds and the related contents... Read More

Is my mutual fund portfolio good enough or should I make any change

I have started SIP monthly in 4 funds for 5 years: Kotak Select Focus Regular Growth Fund (Amount - 5,000), ICICI Pru Value Discovery (Amount - 5,000), DSPBR Micro Cap Fund (Amount - 15,000), Mirae Asset Emerging Regular Growth Fund (Amount - 15,000). I plan to increase the SIP amount after an year. Please guide whether my portfolio is sufficient or should I do any change?

Oct 1, 2016 by Nishant, Mumbai | Mutual Fund

You have selected top performing funds in their respect categories... Read More

Can I invest in mutual fund SIPs in lieu of recurring deposits

I want to invest for 15 to 18 months through SIP as a replacement to RD. What can be the best option and what can be the return. I'm expecting returns more than RD?

Oct 1, 2016 by Ishwar, Mumbai | Mutual Fund

If you want to invest through mutual fund SIPs in lieu of recurring deposits, then 15 to 18 months period is very less. Since 15-18 month period is a very short horizon, you can invest through SIPs in liquid funds... Read More

What is the meaning of large cap, mid cap and small cap companies

What is mean by large cap, mid cap & small cap company or mutual fund. What is mean by blue chip company or MF, please give your valuable thought?

Sep 29, 2016 by S R Jain, | Mutual Fund

Companies are categorized as large cap, mid cap and small cap, based on their relative market capitalizations. Market capitalization is simply the market value of the company, calculated by multiplying... Read More

Please let me know how to change the investment status of my son who is now an NRI

First of all thanks for the service you are providing for the public. My query is: My son is on PR at Canada from April, 2013. He was making SIP in equity MFs from 2010 to August 2015. He also has a saving bank a/c besides PPF a/c from 2008. He has a house of his own which is rented out for Rs. 13,000 PM. The rent is being deposited in his PPF a/c regularly. I had given money to him while going to Canada with the assurance that whenever his SIPs will mature after 5 years I will get the MF proceeds of approx 3L. He had given me the cheques. He had no other investment except above. Has he any tax liability? What is NRO/ NRE a/c. How it is converted from saving to NRO and what are its implications. If his saving a/c is converted to NRO can I get the amount through the cheque he had given to me or he has to close his a/c. Please enlightened so that tax, if any, be paid to Government. Further, I have a grandson who was born at Canada thus is a citizen of Canada, can I open a SIP in his name or deposit some lump sum amount against his name as a gift to him. Kindly guide on the issue?

Sep 28, 2016 by Vinay Vashisht, Chandigarh | Mutual Fund

Thanks for the kind words. Following is our answer to your queries... Read More

What should be the mix of funds for investment of 3 to 5 years

I am 59 and just retired. I wish to invest in MFs and can lock the money for 3-5 years. What is the mix of MF (large cap/mid cap/multi cap/hybrid/debt) and % in each category you would recommend? Can I invest directly W/O going through a distributor? How do I identify direct investment funds? The % return indicated are net of expenses?

Sep 28, 2016 by N V Ramani, Bangalore | Mutual Fund

Mutual fund investing should be done based on your risk taking appetite. Once you know your risk taking ability, you can select funds from appropriate categories. However, considering your age and that you are... Read More