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Investment, Financial Planning, Mutual Fund & Income Tax Queries

How can I accumulate Rs 1 Crore after 15 years from best mutual funds

I am a 31 year old professional from Kolkata, I am a regular viewer of your website & a follower of your daily mailer. I came across your website few months back & I must tell you, it is one of the best website I had seen in India for mutual funds working & research articles. I already had some investments in mutual funds & had investment of around 1-2 lakh/annum in ELSS schemes, I also had some other investments of mutual funds. My objective writing this mail to you, to get some suggestions. I had a objective / target of making RS 1 crore value from 15 years from now, I want to know what maximum return I should consider, based on that my SIP amount & funds would be decided. I required your advice on what avg return I should consider to invest & what funds should I invest, I want to invest in smaller SIP multiplier funds. Looking forward for your kind support & advice on this?

Sep 5, 2017 by Sumit Banerjee,   |   Mutual Fund
Sorry for reverting late, the reason being we are flooded with queries and it is always not possible to answer as promptly as you may expect. Coming back to your query, please note the following - To get One... Read More

Am I investing in best mutual fund SIPs

I am investing in SIP for long term goal in ICICI Prudential Value Discovery Fund and HDFC Equity Fund same SIP amount of 1000 rupees every month. But I am planning to shift from HDFC Equity Fund to Mirae Asset Emerging Blue Chip can suggest me it is bad are good and also I am planning to invest lump sum amount of 5000 to 10000 for a period of 20+ years suggest me for good fund?

Sep 5, 2017 by Prathyush Reddy, Hyderabad  |   Mutual Fund
It is good to know that you investing through SIPs. However, the funds you have selected are not that great! I think you have rightly chosen Mirae Asset Emerging Bluechip Fund. The other fund you can add could... Read More

How can I reach my financial goals with current investments

I am a Govt. employee age 29. My salary is 40000. My goal is 1 child education & make a home with corpus of 55 lack in next 15 years. My saving are EPF 7000, PPF 6000, RD 2000, LIC 2000 pm. I invest SIP SBI Magnum Midcap, SBI Blue-Chip, Franklin India Prima, Birla Sun Life Equity, ICICI Value Discovery each Rs 2000 is these are good, please suggest me?

Sep 5, 2017 by Ajay Joshi, Nainital  |   Mutual Fund
In your query you have mentioned about two future goals - Child education and Make a home. For making a home your thought is very clear as you need Rs 55 Lakhs after 15 years. However, for your child's... Read More

What is the difference in returns between dividend pay and reinvestment option

In one of reply to query you have mentioned that while switching the fund from dividend payout option to growth option, you need to keep two things in mind - 1) Exit load may be applicable as you are switching before 12 months. Please check the exit load percentage and the time period on the statement, 2) If you are making any profit on the switch, then it will be treated as short term capital gains and tax @15% shall be payable when you are filing your income tax returns. What is the implications if I want to change from dividend payout option to dividend reinvest?

Sep 5, 2017 by Shrawan Kumar,   |   Mutual Fund
There are no implications because when you switch from dividend payout option to dividend reinvestment option the NAV is not changing. Please also note that there is no difference in returns between 'dividend... Read More

Is HDFC Balanced Fund good to meet my goals

My name is Partha Sarathi Rayasingh having age 41 years. I am a C class employee in Railway. I have done a HDFC Balance fund (G) 2500 rupees per month in SIP mode. My Invest period is 15 years. My aim is to educate my child and marriage?

Sep 4, 2017 by Partha Sarathi Rayasingh,   |   Mutual Fund
You have started investing in a good mutual fund scheme. HDFC Balanced Fund is one of the top performing schemes from the balanced fund category and right fit for those who can tolerate moderately... Read More

Which best mutual fund should I invest to get regular return

I have always ardently followed up on your very fruitful guidance / advise on MF investments from your site. 1) I will share with you my present monthly SIP as follows so that you may suggest if any changes need to be done (my view will be of 5 years). Question:- Suppose I need to REDUCE MY SIP from INR 15500 TO 12000, which funds shall I reduce from? Summary Synopsis: Aditya Birla Sun Life Front Line Equity Fund (G) - 5000 - %32.26, Aditya Birla Sun Life Equity Fund (G) - 1000 - %6.45, ICICI Prudential Focused Bluechip Equity Fund (G) - 4000 - %25.81, HDFC Mid Cap Opportunities Fund (G) - 3500 - %22.58, SBI Blue Chip Fund Regular Plan (G) - 1000 - %6.45, Franklin India PRIMA Fund (G) - 500 - %3.23, DSP BlackRock Micro cap Fund - Regular Plan (G) - 500 - %3.23, total MF investments in September 2017 - 15500. 2) In next 2 months I shall receive INR 4 LACS+INR 6 LACS from some matured Investments. Question:- Which MF shall I invest for good returns (I can keep the money for 5 years). Also as you advise, please bear in mind I might require SWP from 2018, so please suggest the MF which will give good returns on limp sum and later SWP. 3) In April 2018, I will get INR 15 LACS from my PPF investments. Please suggest in which MF shall I invest lump sum and later I may go for SWP (i.e one year after my Investment). Looking forward to your revered advise as always?

Sep 4, 2017 by Jita Das,   |   Mutual Fund
As all your SIP funds are in good funds it is difficult to point out which one to close as you want to reduce your total monthly SIP from Rs 15,500 to rs 12,000. However, I am giving the suggestions with an objective... Read More

What tax is payable on balanced mutual funds

If I start withdrawing dividend payout from my balanced fund investment within one year how Much tax will be applied to me on my dividends?

Sep 4, 2017 by Abha Pandit,   |   Mutual Fund
Dividends received from equity funds and balanced funds are totally tax free in your hand... Read More

What is maximum STP investment limit in Mirae Asset Emerging Bluechip Fund

I am interested to invest in Mirae Asset Emerging Bluechip Fund through STP route. From your recent article on Mid and Small Cap Funds dated 16th Oct 2017, it is not clear if the limit of Rs. 25000 is per trade day of per month? Somewhere else it says STP into this fund is not allowed. Please clarify?

Sep 4, 2017 by Sunil Kumar Sharma,   |   Mutual Fund
Mirae Asset Emerging Bluechip Fund is accepting investments through SIP, STP, VTP and TRIP plans. The limit is maximum Rs 25,000 per instalment. The following is explained on their website - ".....However... Read More

Can I get some clarification on my investment in Sundaram Select Focus Fund

I have attached an excel sheet about my investment in Sundaram Select focus Mutual fund - dividend reinvest. I started my investment in 14/01/2013 till 14/12/2015 by investing Rs.5000 pm. with a view to get dividend and growth on my invested amounts via SIP. However unfortunately not much growth nor dividend till July 2016. But since August 2016 it gave quarterly dividend of rs. 1, 0.5, 0.5, 0.5 and last on 16 August 2017 of 0.25 (Disappointed a bit on last dividend rate). I invested in the scheme with full knowledge of the past but I came across articles written by Sri Dwaipayan Bose and would like him to reply my queries. Sir my queries are as follows: 1) After having invested in this scheme how I should view my returns or growth going forward in this scheme. 2) As you can see I have invested in this fund since 3 and a half years, now how I should look at my returns in sense of absolute / per annum basis / trailing returns etc. If you could explain in detail as to what points an investor should should look in the fund, it would change our view of looking at returns. Or all are important. 3) sir as you can also see the dividends are not fixed but the fund manager is trying to make it look attractive so that people invest. I do not mind not getting dividends as long as the fund performs and there is a visibility of growth of my portfolio value in total. 4) Sir if you have another example / fund which explains my query better please let me know through that example, as my fund selection may not give a long term view so as to understand your thoughts. Sir your articles are good but examples are not there. Hence I request you to take some time and explain to investor community at large as to how our approach should be towards our investment, so that we would change and equally learn as how we should view our investments?

Sep 4, 2017 by Vivek Sethi, Bangalore  |   Mutual Fund
Sorry for the late reply. Let us address your questions / comments one by one. Let us address questions 1 and 2 together because they are related. Trailing returns are not applicable for SIP investments... Read More

Which mutual fund is best to meet my regular income needs

Please let me know if I need to make changes in my portfolio. I have retired and currently on a 2 year contract which expires March 2018. I need to get regular monthly income to help tide over my daily expenses. Birla Sun Life Frontline Equity (2.05 L); Birla Sun life Balanced 95 (2 L); Franklin Build India (1.3 L); HDFC Balanced Fund (Div 2.5 L) & (Growth); HDFC Prudence Fund (2.5 L); L&T Business Cycles (74 K); Reliance Growth (1 L); SBI Magnum MIP (1 L) & Tata Balanced Fund (4.5 L). Are these funds good as of today?

Sep 3, 2017 by Janet Fernandes, Pune  |   Mutual Fund
L&T Business Cycles Fund, Reliance Growth Fund are average / below average performers in terms of consistency. Rest of your funds have good track record. By getting out of average / below average... Read More
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