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Investment, Financial Planning, Mutual Fund & Income Tax Queries

What is the optimum time horizon if I invest in balanced fund SWP

I would like to invest 50 lakh of my retirement fund in equity oriented hybrid MFs basically to save on tax. Can you please suggest some high yielding funds. Also please suggest optimum time horizon. Is it a good idea to withdraw after every 12 months and reinvest? How do returns from this compare to returns from gold emfs?

Mar 27, 2017 by Genesis, Hyderabad  |   Mutual Fund
Yes, you can invest in hybrid equity oriented funds (balanced funds) for withdrawing by way of monthly SWPs. Capital gains arising out of each SWP withdrawal after 12 months will be tax fee under long term... Read More

How to invest my lump sum amount

I am a senior. I wish to reinvest my maturing FDs to balanced funds with SWP option. I am told it is best to reinvest not in lump sum but over a year or more to avoid in SIP to take care of market fluctuations and to avoid buying at peak. it is difficult to do so as I will have loss of income in the interim. which is the best way to do this? invest in liquid fund and STP to target fund with SWP from both funds. is it possible?

Mar 27, 2017 by Subbarao M.N, Bengalore  |   Mutual Fund
There is bit of confusion in your query. Lump sum and STP are different ways of investing in mutual funds and SWP is all about withdrawing a fixed amount regularly (say monthly) from mutual funds... Read More

Should I pay back my car loan or invest somewhere else

I have a car loan of 550000, 9.75% rate for 84 months. It is a diminishing one. I have started the loan in 2016 Aug. My doubt is, if I get some big amount like one lakh or something, what would you advice me? To invest somewhere or Pay for loan? I want to reduce my burden in fact. As my loan is in initial stage will the bulk amount go to the principle amount or to the interest?

Mar 27, 2017 by Sree, Kerala  |   Financial Planning
It is always advisable to reduce your liabilities as much as you can. In fact you should first limit or pay off your liabilities and then start saving. In case you repay a lump sum amount of your car loan... Read More

Am I going in right direction for achieving my financial goals

Need your advise, I'm 39, just started investing in NPS for overall 2 Lacs Per Annum for my retirement purpose. Scheme Preference - Moderate Auto Choice SBI Pension Fund Scheme C - Tier I (Corporate Bonds) - (27.00%), SBI Pension Fund Scheme E - Tier I (Equity) - (44.00%), SBI Pension Fund Scheme G - Tier I (Government Securities) - (29.00%); and I have other long term goals like kids, marriage, education coming up in 10-20 years. So I decided to do some SIP around 10k for the below categories funds like Balanced - 60%, 10% Large Cap , 20% Diversified, 10% Mid and Small Cap. Please suggest whether I'm going head for right direction?

Mar 27, 2017 by Syed, Bangalore  |   Financial Planning
By investing in NPS, you have opted for a safer and low cost retirement planning instrument. With regards to your other goals, you have mentioned doing Rs 10,000 SIP per month. But have you figured out if this... Read More

Is SWP withdrawal from balanced funds taxable

Is SWP amount is taxable on balance funds for every month withdrawal? Will AMC Deducts the TDS? or shall I need to show in the IT returns? Please clarify?

Mar 27, 2017 by Syed, Bangalore  |   Mutual Fund
Please note the following in context to your query about SWP withdrawals from balanced funds... Read More

Which mutual fund scheme should I invest for tax benefit

I would like to invest Rs. 10,000 in mutual funds. Please advise me which MF is the best one for me and also tax exempted?

Mar 27, 2017 by K.S.Srinivas, Hyderabad  |   Mutual Fund
As you want to save taxes by investing Rs 10,000 in mutual funds, you should invest in ELSS funds. Investments in ELSS Mutual Funds help you save taxes under section 80C of the Income Tax Act 1961 upto... Read More

Which ELSS fund should I invest in Mutual Fund

I am 60 years of age and want to invest around 1.5 lakh in ELSS. Please Help. Since the last one year I have been investing Rs. 10,000 per month in Axis Long term equity fund?

Mar 27, 2017 by J Chhabra, 110092  |   Mutual Fund
Axis Long Term Equity Fund has a good long term performance track record. But during the last one year the fund failed to beat the benchmark and ELSS category returns. Therefore, if you wish to invest further... Read More

Have I selected the right funds for 5 years SIP investment horizon

I am thinking to start SIP in Sundaram Select Midcap Fund (2k), SBI Bluechip Fund (2k), DSP Mid and Small Cap Fund (2k), DSP Tax Saving Fund (3k), ICICI Prudential Tax Saving Fund (2k). Are this fund ok time horizon is 5 years+?

Mar 27, 2017 by Abhishek Poddar, Guwahati  |   Mutual Fund
You fund selection from large cap, mid cap and ELSS categories is good for 5 years+ investment... Read More

Should I invest through STP route or in lump sum

I am looking to invest 10 lakhs via STP. I am 27 years old, with risk appetite moderately high and want to invest for 5+ years. I want to first invest 10 lakhs in a short term debt fund and then via STP invest 80% of the amount in Largecap and Midcap funds over a period of one year. Can you please tell if this strategy is ok or should I invest lumpsum in my targeted funds? Also can you please suggest the best large cap and mid cap funds or any other funds based on my risk profile?

Mar 27, 2017 by Jaiveer Kalia, Chandigarh  |   Mutual Fund
Your strategy to invest via STP - short term debt fund to equity - is a good one over investing in one go in lump sum. It would even be better if you could go for weekly STP instead of monthly... Read More

Have I selected the right funds based on my risk profile

I am 37 years old and would like to invest for next 10 yr through SIP of 30-36K to achieve 1 Crore goal. Following are my fund selection after reviewing & analysis and can take average to moderate risk (60 Equity and 40 Debt). Request for your inputs on portfolio. Birla Sun Life Dynamic Bond Fund 1,000, Birla Sun Life MIP II Wealth 25 10,000, Franklin MIP 4,000, Birla Sun Life Relief 96 3,000, DSP BlackRock Tax Saver ELSS 2,000, Birla Sun Life Top 100 fund 3,000 Birla Sun Life Pure Value 7,500, Franklin Small Companies 7,500?

Mar 27, 2017 by Lalit Soni, Mumbai  |   Mutual Fund
You have almost selected the right funds based on your risk profile excepting that mid cap and small cap funds may not be the right fit for you as your risk profile is moderate. Mid and small cap funds are... Read More

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