Investment, Financial Planning, Mutual Fund & Income Tax Queries

How to redeem Reliance Vision Fund units

I took Reliance Natural Resources Fund Growth plan growth option on 26 Feb 08 and this fund is merged with Reliance Vision Fund and as on today I want to quit and I do not know how to go about it. Please guide me?

Sep 15, 2016 by DK Sharma, Delhi | Mutual Fund

You can redeem the units of Reliance Vision Fund anytime as this is an open ended fund. You must be having the statement of accounts of Reliance Vision with you, below which you will see a transaction slip... Read More

Can my father withdraw 15000 monthly from his retirement corpus of 8 Lakhs

My father is retiring within six months, he will got around 8 lac from retirement? He want monthly income of 15 to 20 thousand, then please suggest where and how to invest money with average Risk?

Sep 15, 2016 by Sandip, Pune | Mutual Fund

It is impossible to get the kind of return you father is looking for! If he wishes to get Rs. 15,000 - 20,000 per month from his retirement money of Rs. 8.00 Lakhs, then he is actually looking at a return of... Read More

Can you kindly email application of Sundaram Long Term Micro Cap Tax Advantage

Kindly send to me the KIM and the Application form for Sundaram Long Term Micro Cap Tax Advantage Fund Series III for Direct application?

Sep 15, 2016 by Devinder Singh Dhaliwal, Patiala | Mutual Fund

You can download the KIM and application form of Sundaram Long Term Micro Cap Tax... Read More

Is my investment portfolio correct to meet my financial goals

My self Gaurav Pratap Age 33 years, working as Design Engineer. I am from Varanasi Uttar Pradesh. I have one daughter of 5 years old and my Annual Income is 14 lakhs/Annum. My investment details are as follows-: 1. Term Plan - 75 lakhs, 2. Medical insurance - 8 lakhs(personal) + 3 lakhs (company provided), 3. PPF - 3500 per month (presently having approx 4 lakhs in PPF), 4. SIP Details - Presently having approx 8 lakhs in Mutaul Fund. Mutual Fund Scheme details follows - 1. ICICI Pru LTEF (Tax Saving) - Growth - 2500 Aug 14, 2. ICICI Pru Value Discovery Fund - Growth - 8500 April 15, 3. ICICI Pru Focused Bluechip Equity - Growth - 9500 Aug 14, 4. ICICI Pru MidCap Fund Plan - Direct Growth - 4500 Jan 15, 5. HDFC Long Term Advantage Fund - 2500 Aug 14, 6. HDFC Top 200 Fund - Growth - 4000 Aug 11, 7. HDFC Prudence Fund - Growth 3000 Aug 11, Total - Rs. 35000 per month. Emergency Fund - 1.5 lakhs, PF - 120000 per Annum (approx 5 lakhs in PF), Share - Approx 1.1 lakhs. Goals - 1. Retirement – 1.5 Cr., 2. Marriage - 75 lakhs, 3. Education – 75 lakhs. I have made my home. Query - 1. Whether I should reduce/stop my SIP in HDFC Top 200 if yes where to invest? 2. If I start another SIP then how will I get the benefits of compounding? 3. My portfolio is correct or not?

Sep 15, 2016 by Gaurav, Chennai | Financial Planning

Some of the key details in your query is missing – Like, your retirement age and current monthly expenses. However, we will still try to answer based on whatever details you have shared with us... Read More

What is the best Balanced fund to invest

What is the best Balanced fund to invest 1 Lakh now. I am a Senior citizen?

Sep 14, 2016 by Rita Das, Kolkata | Mutual Fund

Glad to know that you want to invest in balanced funds. We have done a review of best balanced funds to invest in 2016. Please read the same and invest in any one or two funds from the same list... Read More

Please help as I want to invest in DSP BlackRock Micro Cap Fund Direct Plan

I want to purchase DSP BlackRock Micro Cap Mutual Fund through direct plan. Please inform the address and phone number?

Sep 14, 2016 by Ashish Bhangale, | Mutual Fund

We do not know which city you are writing from, therefore, we are giving below the address of their central contact number and other details etc... Read More

Please let me know if my fund selection is right for next 10 to 15 years

I have been reading your post daily. I started to invest in mutual fund last year. I want your opinion following these fund. 1. SBI Blue Chip Fund - 5000, 2. UTI MNC Fund - 5000, 3. Birla MNC Fund - 5000. Please guide to me that my fund selection in right for next 10-15 years?

Sep 14, 2016 by Vikas, Lucknow | Mutual Fund

Glad to hear that you read our posts daily and also that you have started investing in mutual funds. You have invested in 3 funds out of which SBI Bluechip is good for the long term. However, the other two... Read More

Please review my investments & suggest where should I invest the additional funds

I have started investing SIP in ICICI Prudential Focused Bluechip Equity Fund - Growth - Rs. 2000, Birla Sun Life Frontline Equity Fund - Growth - Rs. 2000, UTI Mid Cap Fund Growth Option - R. 1000, Canara Robeco Emerging Equities - Regular Growth - 1000 for 10 year, Please review my investment & suggest additional funds where I should invest for additional 6000 monthly SIP?

Sep 14, 2016 by Himanshu Shekhawat, Gurgaon | Home Loan

you have selected good funds for your SIPs. The funds you have chosen are from large cap and mid & small cap category. If your risk taking taking appetite is very high, then you can invest the additional amount... Read More

How to transfer your funds in case of the first holders demise

My query is how to transfer your funds, in case of a person's demise, to the designated person / nominee in such a manner, so as to preclude any government or kinsmen interference, thus ensuring the ownership of funds rests with the one chosen by you. Now, to the best of my knowledge, the most effective (and quickest) method is to have a joint holding with either or survivor option so that if the first holder dies then the joint holder automatically becomes the owner therefore no dispute can arise. Thanking you and awaiting your knowledgeable opinion?

Sep 14, 2016 by Devinder Singh, | Mutual Fund

In any investment, holding the same on Either or Survivor basis is the best option. In case of mutual funds, please note the following modalities depending upon holding / status of the investments... Read More

Will I get good returns from equities if the markets are in bear phase

Investment in MF and stocks would yield benefits if the markets are going up, i.e. the bull phase. But the funds/stocks would under perform if the stock markets are in bear phase. Also if for three years stock markets are just stable do not move up or down would the stocks/MFs returns would be stable or can we still expect a positive return from investments?

Sep 14, 2016 by Ravishankar Patil, Pune | Mutual Fund

Mutual Funds have a broad category of funds to offer and it is upto the investors to select one according to their risk profile, investment needs and horizon. As, all category of funds are not market linked... Read More