Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which ELSS Mutual Funds to invest

I am actively looking to invest in Mutual Fund in ELSS category. I already have some exposure to Reliance Tax Saver and Axis Long Term Equity Fund, can suggest me some mutual fund in ELSS category. Should I continue with these funds or should I go invest in some other fund to diversify my portfolio?

Sep 28, 2016 by Sachin Prakash, | Mutual Fund

You have invested in top performing ELSS Funds. Therefore, instead of investing in other ELSS funds, you should continue and add more in these funds only. We did a review of top performing ELSS Funds to... Read More

NFO Information

Are you planning to launch any new open ended equity funds please inform to us through my emails?

Sep 28, 2016 by Mahadevan Kartikeyan, | Mutual Fund

To get launch information about Mutual Fund NFOs in India, do watch this section in our website... Read More

Is my fund selection for long term investments fine

I am 32 years old and my current SIPs are Franklin India Prima Plus Fund - Growth, Mirae Asset Emerging BlueChip Fund - Regular Growth, PPFAS Long Term Value Fund - Growth, ICICI Prudential Dynamic Plan - Growth and IDFC Premier Equity Fund - Regular Plan - Growth. Total: Rs. 25,000 per month. All these are long term and I have been investing in them for quite some time. Can you please let me know if these are doing good or I need to make any changes?

Sep 27, 2016 by Neetu Panda, Bangalore, India | Mutual Fund

Glad to know that your mutual fund investments are for the long term. The only suggestion that we can give you is to review your mutual fund portfolio at least once every year. Please read this to know, why... Read More

Is the money donated to kids taxable

If parents donate money to their kids, is this amount taxable for the kids. Is this amount seen as an income form other sources for the kids. Example - 30 Lakhs donated from mother?

Sep 27, 2016 by Ravishankar, Pune | Taxation

Money can be gifted to kids and it is not taxable either to the parents or the kids. However, the earnings received from the amount will be taxable (depending upon the investment nature and tenure) and shall be... Read More

Is my fund selection good for next 10 years

I would like to invest 25000 per month for next 10 years. Have short listed following funds. Kindly advise if any change required ICICI Prudential Focused Blue Chip Equity Fund(G) - 5,000 - 20%, Mirae Asset India Opportunities Fund - Reg(G) - 7,500 - 30%, HDFC Mid-Cap Opportunities Fund(G) - 5,000 - 20% and Birla Sun Life Dynamic Bond Fund - Retail(G) - 7,500 - 30%?

Sep 26, 2016 by Sandeep, Mumbai | Mutual Fund

You have selected good funds for your long term investment. You have chose, large cap, diversified and midcap funds from equity category. By investing 30% of the corpus in Birla Sun Life Dynamic Bond Fund... Read More

Is it advisable for a registered club to invest in liquid or balance funds instead of investing in FD

Is it advisable for a registered club to invest in liquid or balance funds instead of investing in FD. What will be the tax implications in both the cases?

Sep 26, 2016 by Chirag, Panaji | Mutual Fund

Please note that, mutual funds are subject to market risks and the risk varies by product categories. While liquid funds are very low risk investments, the same cannot be said about balanced funds (where more... Read More

Need advise on how to invest 45 lakhs of my retirement corpus

I am getting nearly 45 lakhs on my retirement now I am investing 25 thousands in 10/12 MF. Approx corpus is 5 lakhs I need your advice how should I invest these funds so that I will get 35000 PM?

Sep 26, 2016 by Sudhir Desai, Miraj | Retirement Planning

Based on the information provided by you in your query, your total retirement corpus is Rs 50 lakhs. You need Rs 35,000 per month or Rs 420,000 per annum, post retirement. Therefore, your expected... Read More

Tax implications of Liquid Funds

I am a conservative investor and expectation from the Mutual Fund is just more than 10% CAGR. Keeping my Goal as 10% return with maximum security, I have invested an amount of Rs. 3 lacs in Liquid Fund and Rs. 2 lacs in Balanced fund. Every month an amount of Rs. 15,000 is getting transferred to my Savings account and the same amount is getting invested by SIP mode to two different funds ELSS and Balanced Fund (Different from the one where Rs. 2 lacs invested in lump sum). I would like to know the Income Tax or Capital Gains Tax implications for the amount kept and transferred from Liquid Fund. I will withdraw the entire amount of Lump sum Balanced fund at least after one year at an opportune moment,which will not have any tax burden I believe. The entire Balanced Fund will be transferred again to Liquid fund to continue the SIPs for 3 years. Please provide me the information I requested for?

Sep 26, 2016 by Partha Sarathi Bhattacharya, | Mutual Fund

I think the way you are investing in mutual funds is a bit complicated. You should have kept it simple. Currently, you have invested in liquid funds and then redeeming Rs. 15,000 to fund your two SIPs in balanced... Read More

Which are the best performing multi cap funds

Multi Cap versus Diversified Fund best 3 fund performance based on 5-10 years period?

Sep 26, 2016 by S Kumar, Delhi | Mutual Fund

Multi cap and diversified category of mutual funds are same. You can check the top performing diversified/ muti-cap funds from here... Read More

Should one look for low NAV while investing in ELSS funds

I am 50 years old, I want to invest in ELSS We have fund which have performed well in recent past, How we Will find out future potential good fund at bargain. Should the main consideration be low NAV. Intended sum for investment is Rs. 5000 and time horizon is 5 to 7 years?

Sep 26, 2016 by Md. Habib, Kolkata | Mutual Fund

The funds that have performed well over a period of time and are still performing well are the one having good potential for future. Therefore, instead of looking at low NAV (which is completely a misconception)... Read More