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Investment, Financial Planning, Mutual Fund & Income Tax Queries

Has DSP BlackRock Balanced Fund announced dividend for November 2016

Normally record date for deceleration of fund is 28 but so far I guess Nov.'s dividend is not yet announced on DSPBR Balance Fund (D)?

Nov 28, 2016 by Noutam Prabhudas Mehta,   |   Mutual Fund
Historical Dividends of DSP BlackRock Balanced Fund - Regular Plan - Dividend it pertains to the dividend announced for the month of October 2016 – record date was October 28, 2016. The dividend for... Read More

Do I need to pay service tax even if my income is less than 10 Lakhs

My Gross income from all mutual funds is below rupees ten lac, So I have not registered with Service Tax Department, I want to know whether I will have to include my commission from Life Insurnace & General Insurance for calculating 10lac limit?

Nov 1, 2016 by Deepak K Khurana, Pulgaon  |   Taxation
You need not register with Service Tax department as your total mutual fund income is less than... Read More

Should I invest in Balanced Fund as I am aged 63

I am age 63, can I invest 1 lakh lumpsum in balanced fund open ended for another three years, or can you please suggest which fund I invest this in my aged?

Oct 26, 2016 by R Varadharajan, Salem  |   Mutual Fund
Investing in mutual funds is all about your risk taking ability. You should choose schemes or category of funds based on how much risk you can take? Generally speaking, if you are a moderately high risk taker... Read More

What is the minimum business criteria

This is my 5th year of LIC agency. I would like to know the MBG Criteria. Now I have completed 5 lives & Rs. 110000 premium & my agency ends this October 2016. Please answer me as early as possible because I have only 4 days for my agency year to complete?

Oct 26, 2016 by Sandhya, Bangalore  |   Financial Advisory
You must take up this matter with the branch you are enrolled in as LIC agent or with your... Read More

How often should I monitor my Mutual Fund portfolio

I have two questions with regards to my mutual fund portfolio. My investment is through SIP's. 1) How often should I be monitoring my portfolio? 2) What should be my plan of action if one (or more) funds are not doing as well as its peers (or the index) for a sizeable duration of time, say 1 year or more? Should I be temporarily stopping the SIP on this fund? Should I be exiting and no longer investing? Should I be investing more? It is easy to assume that the fund performance would be consistent all through the years; if that is the case – well and good; If that is not the case (or there is a drop in the performance of one of the finds for a long duration), what should be the plan of action?

Oct 26, 2016 by Manu, Bangalore  |   Mutual Fund
Though you have two questions, I am trying to answer them in one. First, if you have selected funds carefully while starting the investment, then you need not monitor it every now and then. Having said that, you... Read More

Am I going in right direction by minimising the number of MF scheme

I am Deepak 29 years old. I have buy 7 mutual schemes - DSP BlackRock Micro Cap Fund - Regular Plan(1000), Birla Sun Life Frontline Equity Fund(1000), ICICI Prudential Focused Bluechip Equity Fund (G)-1000, Canara Robeco Emerging Equities Fund - Regular Plan - 1000, Tata Balanced Fund - Regular Plan - 1500, Mirae Asset Emerging Bluechip Fund - Regular Plan - 1000. As there are so many mutual fund schemes I have purchased now I am going to close Canara Robeco Emerging Equities Fund - Regular Plan - 1000, and put all the amount of this scheme in DSP BlackRock Micro Cap Fund - Regular Plan(1000) and will continue with only DSP BlackRock Micro Cap Fund - Regular Plan(1000); is am doing right thing? Because both the schemes are under small & mid cap category so instead of keeping both I will keep only one i.e., DSP BlackRock Micro Cap Fund. Also for Large cap category I have purchased Birla Sun Life Frontline Equity Fund (3000) & ICICI Prudential Focused Bluechip Equity Fund (G) - (1000) so I am going close one of them and continue with only one scheme kindly suggest which I should continue. My intention is to keep minimum schemes and take advantage of cumulative amount. Is I am going in right direction?

Oct 26, 2016 by Deepak, Thane  |   Mutual Fund
All the 7 funds selected by you for your monthly SIP are good funds. It is always ideal to keep the number of funds as less as possible. More than the number of funds, performance of the funds in your portfolio... Read More

Can USA NRIs invest in ELSS Mutual Funds

I am NRI USA, so can I invest in ELSS scheme?

Oct 26, 2016 by Naranbhai Patel, Baroda  |   Mutual Fund
Yes, you can invest in ELSS Mutual Funds in India even if you are a US NRI. However, please note that all AMCs in India do not accept investments from US NRIs. Therefore, please note that only the following... Read More

What are taxes and charges applicable on mutual funds and returns

What are taxes and charges applicable on mutual funds and returns?

Oct 25, 2016 by Imran, Dhule  |   Taxation
Mutual funds are one of the most tax efficient investment options in our country. Capital appreciation in equity mutual funds held for a period of more than one year is tax free. Dividends paid by equity mutual... Read More

Where to invest retirement corpus to get monthly income

My friends father retired this month, they want to invest 3,00,000 rupees to get monthly income. Kindly suggest how to plan it. I want to know small cap funds for at least 5 years, as SIP of 5000, provided the fund should be from ethical (shariah complaint)?

Oct 25, 2016 by Imran Ansari, Dhule  |   Retirement Planning
We are assuming that your first and second questions are not connected. Since your father’s friend is retired, he should ensure that the risk profile of his investment is fairly conservative, or in other words... Read More

How to plan my finances and future goals

My name is Krishan working in export firm and my age is 38 years. And having one daughter, wife is house wife. My assets are follows 1) My salary package as on date: 350000 pa, 2) EPF balance as on date 4 lac, 3) Flexi Fixed Account in all Allahabad bank and account balance About 2 lac, 4) LIC money back policy SA 5 lac out of which I have paid 8 premium of Rs. 18500 policy tenure 20 years. I received money back every five year About Rs. 50000, which I make the fixed deposit for next 3 premium Still I don't have any financial planning but now I am aware of these things and financial goals are as follows 1) Retirement planning: my expense as on today is Rs. 20000 I want to retire in 55 year of age, 2) Daughter Marriage: 8 year old and expected to marry 23 years of age and need 10 lac as on today exp, 3) Daughter Education 8 lac as on today exp, 4) every year I need 20,000 for vacations I can invest 3000 pm in moderate risk. Can I fulfil my goals else how much Amount I need to complete my goals I can increase this SIP every year 10% Please suggest?

Oct 25, 2016 by Krishan Bhardwaj, New Delhi  |   Financial Planning
Based on the information provided you, the investment made by you is primarily in fixed deposit and life insurance policy. You have Rs 2 lakhs invested in FD. The current FD interest rate is around 7%. Assuming... Read More

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