Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which category of funds should I invest in

I want to invest lump sum in mutual fund then do SIP through SWP suggest me which category should I invest my lump sum for this purpose balance or liquid or any other?

Sep 26, 2016 by Sarita Mohta, Kolkata | Mutual Fund

It is very important to know your risk profile before you start investing in mutual funds. Based on investors risk taking ability, there are various category of mutual funds. Please use this calculator... Read More

Can you tell me if my SIP performance has been good

Since last 5 years I have invested in different Mutual funds through SIP close to Rs. 7,60,100 and my overall return is Rs. 9,92,988 would you consider this is good return or do you feel I would have planned better and this is not good return?

Sep 26, 2016 by Prashant Mishra, Hyderabad | Mutual Fund

Regret to say that it is very difficult to answer your query as you have not mentioned the fund name or category of funds, monthly SIP amount, exact start and end dates etc. Please note that top performing... Read More

How can I pursue CFP program

I have worked with SBI as a Assistant from June-2001 to March-2008 and also worked with Income Tax Department as a Tax Assistant from Aug-2009 to March-2016 and quitted the job due to personal reasons. Further I completed graduation in Economics and now I want to become a Certified Financial Planner or Certified Financial Advisor. Whether both the term are same or there is any difference between these two and also suggest me what is the eligibility criteria to appear for this exam and what is the syllabus and from which institute these exam is conducted?

Sep 23, 2016 by Chandrashekhar.Rathod, Hyderabad | Financial Advisory

CFP is the right course if you want to pursue career in financial planning / investment advisory... Read More

Which is a better option ULIP or Mutual Funds

Which is the best investment ULIP or Mutual Fund SIP. Because Expense ratio is there in both?

Sep 23, 2016 by Rinku, Mumbai | Mutual Fund

Insurance and investment are two different things and have separate financial planning objectives. While Insurance is for your life cover, which should be based on your current income and liabilities etc... Read More

Is my Mutual Fund SIPs good for long term wealth creation

You are doing good job help us to encourage and manage money in right direction. My question is I have done sip in MF. My fund name is 1. ICICI Prudential Value Discovery 2. Birla Sun Life Frontline Equity Fund 3. Franklin India Smaller Companies Fund 4. SBI Bluechip Fund all are in growth option. I currently invested 1. 2000 2. 2000 3. 1000 4. 1000. I want to invest more Rs. 4000 in this fund. But asset allocation please suggest me in %. So I am going for better creation of wealth. My investment horizon in this schemes for long term about more than 15 years. Also if I have to invest lump sum in MF, so suggest which is best for long term?

Sep 22, 2016 by Vishal Patel, Gujrat | Mutual Fund

The funds you have selected for your SIP are all top performing in their respective categories. You should invest the further SIP amount as well as the lump sum amounts in these existing funds only instead... Read More

How can I get regular return from my retirement corpus without any risk

I am on the threshold of retirement and I would be getting my PF savings. Where should I invest to get regular income while ensuring highest levels of safety for my capital. I am willing for a lower return for capital protection?

Sep 22, 2016 by N Chandar, Bangalore | Retirement Planning

Since your primary concern is highest level of safety and also that you are okay with lower returns then, we think you should invest in traditional savings schemes like postal MIP, Senior citizen scheme and bank... Read More

In which SIP Fund should I invest for my retirement corpus

Please suggest me one good fund for SIP to maximize my investment, I want to invest Rs. 7000 per month. My age is now 52 years & I can invest up to 10 years. Please guide me?

Sep 22, 2016 by Rajan Khatri , | Mutual Fund

For long term SIP investments you should go for diversified equity funds. You can choose a diversified equity fund from the list of top performing funds from here... Read More

Is my current portfolio right for my retirement purpose

My age is 50. My investments in mutual funds are ICICI Pru Balanced Advantage Fund, HDFC Short Term Fund, HDFC Balanced Fund, Birla Sun Life Short Term Opportunities Fund, Franklin India Prima Plus Fund, Franklin India Smaller Companies Fund, Franklin India Tax Shield Growth, Franklin India Tax Shield Dividend, Franklin India Balanced Fund & Franklin India Blue Chip Fund. Total Value ~ 9.8 Lacs. Since last three months, started four monthly SIPs of Rs. 5000 each in HDFC Balanced Fund, ICICI Pru Balanced Advantage Fund, Franklin India Taxshield Growth & Franklin India Growth Fund. My annual PPF contribution is 1.5 lacs. Please advise if my investment portfolio is correct from retirement perspective at age of 60 years?

Sep 22, 2016 by A Chakraborti, Mumbai | Mutual Fund

Your fund selection across balanced, ELSS, midcap, large cap and debt funds is good. Your current mutual fund portfolio value is 9.80 Lakhs but we do not know in what proportion you have invested in debt and... Read More

How much I need to save for my children education

I am 40 years old having two sons, elder aged 7 and younger aged 3. I have invested Rs. 5 lacs in Mutual funds (Balanced funds) (Long term horizon) also have taken a policy of Rs. 5 Lacs (50k investment for 5 years, locking period) in HDFC young star plan for my younger son and LIC policy for my Elder Son. and I have a current savings of Rupees 5 Lacs. Would appreciate if you could let me know how much more investment I need to secure my boys education when they will be 20 years old?

Sep 22, 2016 by Ashley Fernandes, Mumbai | Mutual Fund

Your query is incomplete. You have not mentioned the future or current cost of the higher... Read More

What should be the frequency of transferring systematically

Lot of thanks for providing valuable guidance on financial matters. Sir, all advise not to put lump sum amount in any MF schemes and it should be spread to get ideal averaging like SIP. Please let me know if I want to invest Rs. 5.00 Lakhs in some balanced fund, in how much time period the money should be transferred or put in the fund through instalments. Is it through weekly, fortnightly or monthly instalments to get ideal averaging?

Sep 20, 2016 by Vinay Vashisht, Chandigarh | Mutual Fund

There are no set rules for transferring or investing funds systematically. Financial advisers rightly suggest to invest systematically so as to benefit from rupee cost averaging. Therefore, if you do not want to invest... Read More