Money - Rediff Gurus

Abhishek Dev |56 Answers |Ask -Follow

Financial Planner - Answered on Oct 03, 2023

Question by Rahul - Oct 02, 2023

Please Review My Portfolio Parag Parikh Flexicap, Sbi Mid cap,Axis Small cap & Canara robeco Small cap fund each with 4000 rs per month sip for 25 year's and 10 percent Step up every year for My Retirement. my age is 33

Ans: You have allocation in good funds, however, there are too many funds in the Smallcap category; kindly understand there can be significant overlaps in the funds owing to limitation in the investible universe.
Since you're already following step-up SIP route, you can go for a Flexicap Fund, a Smallcap fund and a Hybrid fund to balance your portfolio.

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Oct 03, 2023

Question by Srinivasa - Sep 29, 2023

Can we invest in BrightCom Group stock ? The PE, MarketCap and Sales looks very promising but the price is very low. Is there a problem with this stock ?

Ans: yes, huge problem with management. Stay Away

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Oct 03, 2023

Asked by Anonymous - Sep 29, 2023

Howes ongc share

Ans: Good for Long Term.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Sanjeev Govila |196 Answers |Ask -Follow

Financial Planner - Answered on Oct 02, 2023

Question by ronald - Oct 02, 2023

Sir, kindly let me know how to save more income tax apart from 80C deductions

Ans: FIrstly, please ascertain whether the Old Tax Regime is beneficial to you or the New Tax Regime. If it is the new one, you do not have to bother about saving any income tax as there are hardly any deductions available in it but the tax rates are lower. If Old Tax Regime is beneficial to you, then the tax benefits are available to you only if there are special circumstances for you, eg, you take a home loan and loan interest saves a bit of tax under IT Section 24(b), education loan under Section 80E, disability of self and/or dependents under Sections 80DD, 80DDB, and/or 80U, etc.

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Dev Ashish |30 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 30, 2023

Asked by Anonymous - Sep 19, 2023

I am planning to do sip of Rs7000 for next 15years in Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund and Rs 7000 in Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF . Pls advise if its a good option

Ans: If you plan to invest for the long term, then it is always advisable to have your core holdings in well-diversified fund categories like largecap/flexicap funds. while having sectoral/thematic investments may work very well at times, they also come with the risk of going completely wrong. Hence sectoral/thematic investments are best avoided by most investors.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

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Dev Ashish |30 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 30, 2023

Question by Dipali - Sep 24, 2023

Can you suggest a good MF ,with good returns. Long term and less risk

Ans: If you plan to invest for the long term, then equity funds are suitable vehicles to participate in equity returns. The idea of less risk does not clearly specify your risk appetite, but if you want to go for pure equity funds, then choose from largecap/flexicap funds and if you want a comparatively safer (with some debt allocation in addition to equity), then you can consider Aggressive Hybrid Funds as well.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

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Dev Ashish |30 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 30, 2023

Asked by Anonymous - Sep 29, 2023

Hi..I have invested in in below given MF and my future target is 50 Lacs + in next 10 yrs. My investments are as below: 1. Tata Small Cap Fund Reg-G - Rs. 2000/- monthly 2. Canara Robeco Small Cap Fund Reg-G - Rs. 1000/- monthly 3. ICICI Prudential Value Discovery Fund- Rs. 2000- monthly 4. ICICI Prudential Bluechip Fund - Direct Plan - Growth - Rs. 2000- monthly Please suggest if I have selected right MF or I need to add/ switch to other best MF if any. Thank you.

Ans: To reach Rs 50 lakh in 10 years, you need to invest about Rs 21-23,000 per month assuming 11-12% average portfolio returns. Since no data about existing investments is provided, and given that you are doing a total of Rs 7000 per month in SIPs, there is first of all a need to increase your monthly investments to the required amount.

Having said that, you don't need so many schemes to invest Rs 20-25,000 per month. Just having a couple of schemes (like largecap index funds, and flexicap funds) would be sufficient.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

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Mihir Tanna |582 Answers |Ask -Follow

Tax Expert - Answered on Sep 29, 2023

Question by Rajesh - Sep 28, 2023

My son is now living in USA since 2018( 2 yrs as student & 3 yrs working). If he sends money from USA to his mother who is housewife and she invests in FDs or residential property then any income or gains from those investments are taxable to her or mine? I am not working, and at present me & my wife have only income from interest or dividends from shares or mutual funds.

Ans: Income earned from amount invested out of gift received from son will not be clubbed. Accordingly, it will be taxable in the hands of recipient i.e. mother.

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Sanjeev Govila |196 Answers |Ask -Follow

Financial Planner - Answered on Sep 29, 2023

Question by ronald - Sep 26, 2023

I have 2.5 lakh rupees I want to invest for 3 years shall I invest in Quant small cap fund direct plan grow

Ans: 3 years is too small an investment period for a small cap fund. It should be for a minimum 5 years, preferably for 7 years+. If you can invest only for 3 years, I would recommend a good multi-asset or balanced advantage fund to you.

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Question by Arun - Sep 22, 2023

Hi.. I am 55 years old and plan to retire in 2 yrs time. Will have about 1 Cr. to invest.. Where should I invest to get about 25K per month. Need to keep inflation as well in mind..

Ans: Debt Mutual Funds are the best option. Invest for 12-18 months before you start withdrawing. Dont withdraw more than 0.5% a month. You can do it using SWP.

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Sanjeev Govila |196 Answers |Ask -Follow

Financial Planner - Answered on Sep 29, 2023

Asked by Anonymous - Sep 26, 2023

Hello Sir/Madam, I bought an apartment from a standard builder in Hyderabad. the possession of house supposed to happen after an year. So, i have taken house loan from a Bank for this house. Now, i have started the regular EMI for this with interest rate of 9%. so, my question is, monthly i have some surplus amount after the EMI and expenses, is it good idea to use that for repaying my home loan or do i need to wait till possession. My wife suggests to wait till the possession, then start repaying. Please suggest what do you think is better?

Ans: When you repay any part of the loan and that too very early during your loan tenure, you save a considerable amount of future interest. Also, the current interest rates being very high, it will always be good for you to prepay some part of the loan now, if you have the money. Every repayment reduces the tenure of your loan, which is what is bringing down your overall loan interet. Pre-payment has nothing to do with the possession of your house technically. I suggest you to go ahead and prepay now than wait, if you have the money.

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Question by Nilutpam - Sep 22, 2023

Hi sir, I am 31 yrs old, and I want 50k per month from mutual fund onetime investment plans, does it really going to work...please suggest sir .

Ans: I have no idea of what you are trying to ask. You will need to invest in Debt mutual funds 1cr to receive 50K a month

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Asked by Anonymous - Sep 23, 2023

Hi sir, am 55yrs old...has put in some investment in marcellus and lost. Now, i wish to invest via MF only .pl guide me with 3 to 4 MFs schemes which can give me 15% yearly return?shall be obliged. Thank you

Ans: Your expectation of 15% is on the higher side. You can look at investing in the below,- ICICI Value Discovery
- Kotak Emerging
- PPFAS Flexicap
- Quant Small Cap

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Sanjeev Govila |196 Answers |Ask -Follow

Financial Planner - Answered on Sep 29, 2023

Question by PRADEEP - Sep 29, 2023

Can the share transfer on the basis of power of attorney ?

Ans: No.

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Asked by Anonymous - Sep 23, 2023

Hi, I am 40 years old and want to invest 5 lakhs in equity mutual funds in the next 12 months. The purpose is wealth creation. The investment period will be typically 18-20 years. Pls suggest 5-6 equity MFs for the same. Also pls inform typically at what intervals should I consider reshuffling these suggested funds. Thanks.

Ans: - ICICI Value Discovery
- Kotak Emerging
- PPFAS Flexicap
- Quant Small Cap

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Money

Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Asked by Anonymous - Sep 27, 2023

I have on retirement, Rs 80 Lakhs to invest for another 10 years. I have monthly pension of Rs 1.2 lakhs while monthly expenses is Rs 70Kand hence please suggest a growth oriented MF portfolio which beats inflation.

Ans: Split 80L in 4 equal parts. Use weekly STP over the next 6 months from liquid funds to invest in the below schemes
- ICICI Value Discovery
- Kotak India Equity Opportunity
- Canara Robeco Flexicap
- PPFAS Flexicap

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Asked by Anonymous - Sep 28, 2023

My Sister passed away of a sudden and she had a little daughter of 6 years , my brother-in-law is chain drinker and he want all the money left by my sister , whereas we want to secure that money for the bright future of my niece. My Mother aged 73 is nominee of my sister andgot some amount for her office after she [assed away we want to Secure that money in some FD so that my no-one except my niece should get that once she attain the age of 17-18 so that the money can be utilised by her for higher studies or marrige . Pls. suggest

Ans: Invest in Sukanya Samruddhi Scheme

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Question by Rajesh - Sep 28, 2023

My age is 57 yrs with no salary income. I had been working till last year & dependent family is mother & wife. Considering present & future economy of India, Please suggest the amount for lumpsum MF for SWP of 25000 Rs. and which MFs to be selected?

Ans: - You will need to invest roughly 50L for 25,000/month withdrawal
- I am assuming you to withdraw a maximum of 6% from SWP
- Use only Debt Mutual Funds to do SWPs & nothing else

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 29, 2023

Asked by Anonymous - Sep 29, 2023

Dear Sir, I m 41 yo salaried person. Please review my portfolio and suggest. 1) Term Plan of 25 Lac, 2) Traditional policy 6 Lac, 3) Mirrae Asset Tax 2000, 4) Quant Tax Plan 2000, 5) Canara Robecco Tax Plan 2000, 6) Parag Parikh Tax Plan 1500, 7) Quant BFSI 2000, 8) Quant Small Cap 2000, 9) PGIM Midcap 1000, 10)Quant Flexi cap 2000, 11) Nippon Multi Cap 1000. Additionally I am contributing 50K per year in NPS. I want to add another 10K/m in MF. Please suggest. I have a horizon of 10 yrs (daughters higher study)-15 yrs (daughters marriage)-20 yrs(post retirement) and I am ready to take risks.

Ans: (1) Term insurance should be 10 times your income. Reevaluate if you have enough
(2) Exit the below funds,
- Mirae Tax
- Quant Tax
- Quant Flexicap
(3) Dont buy any more traditional plan
(4) Invest all the funds only in the remaining schemes

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Money

Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 28, 2023

Question by SANJAY - Sep 27, 2023

Why vedanta price is falling

Ans: Moody’s Investor Service downgraded corporate family rating of the Anil-Agarwal promoted company to Caa2 from Caa1

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 27, 2023

Question by Rohit - Sep 27, 2023

At present market scenario can you suggest few stocks which looks fundamentally strong for next 4 to 4 years

Ans: This is not the right platform to share new stock recommendation, I would suggest you to visit a SEBI Registered Investment Advisor and seek advice from them. The following link will help you to find the neasest Adviser for you.
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 27, 2023

Question by SANDEEP - Sep 26, 2023

I have AWL @ 401.5 what should i do

Ans: Degrowth in Revenue and Profit
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Revenue every quarter for the past 2 quarters
Declining profits every quarter for the past 2 quarters
BAD Data, Exit and invest in quality company.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 27, 2023

Question by deepak - Sep 27, 2023

Want to invest 5 lacks, suggest me good investment that will give me good returns in next 6 years

Ans: This is not the right platform to share new stock recommendation, I would suggest you to visit a SEBI Registered Investment Advisor and seek advice from them. The following link will help you to find the neasest Adviser for you.
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 27, 2023

Question by anand - Sep 27, 2023

vedanta ka kya kare i bought @255

Ans: Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Net Cash Flow : Companies not able to generate net cash
Companies with High Promoter Pledge
Big Issue due to this data.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 27, 2023

Question by Rajesh - Sep 25, 2023

Sir, Are the following MF worth continuing : Axis Long Term Equity Fund, Canara Robeco Emerging Equity, Sundaram Mid cap Fund, Sundaram Large & Midcap Fund ICICI MNC Fund, Nippon India Small Cap, AND Which 7 MF do you suggest.

Ans: ICICI Value Discovery
Kotak Emerging
Nippon Small Cap

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Kirtan A Shah |57 Answers |Ask -Follow

MF Expert, Financial Planner - Answered on Sep 27, 2023

Question by Ram - Sep 26, 2023

I usually invest in Nippon nifty etf I have investment of more than 1 crore I also understand nifty will more probably move higher and so is the etf I have one confusion which is also stopping me for further investment is that if Nippon itself defaults then what will happen to my investment

Ans: ETFs cant default. Its indirectly investing in the Index & doing nothing else. Its not taking investments.

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Abhishek Dev |56 Answers |Ask -Follow

Financial Planner - Answered on Sep 26, 2023

Question by Kamlendra - Jun 15, 2023

Good Morning Sir till now my MF portfolio of 600000 im a aggressive investor im investing in following 1 Kotak small cap 2 Nippon small cap 3 Quant small cap 4 Tata small cap and 5 Pgim india Flexi cap . Rs 5000 in each fund . Looking to invest for next 25 Years what should be the approx total worth after 25 years

Ans: Kindly understand that having an aggressive profile doesn't necessarily mean having a lot of Smallcap exposure. When you invest into Equities, your risk profile itself becomes high risk. Currently, you have exposure in 4 Smallcap funds. The entire Smallcap universe has 250 companies, while each well diversified MF has ~ 40-80 companies. Thus, there can be significant overlaps among them, therefore, can trim some exposure. You should also invest in Largecap/Midcap funds. Assuming a return of ~15%, your total corpus by the end of 25 years should be close to 10 crores.

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Mihir Tanna |582 Answers |Ask -Follow

Tax Expert - Answered on Sep 26, 2023

Question by Vipul - Sep 26, 2023

My estimated Gross annual income for FY2023-24 will be 6.48 Lacs (includes Normal & MF Capital gains). Will I be paying zero tax as it is below 7 Lacs.Rgds

Ans: Person is not required to pay any tax if tax liability for FY 23-24 under old tax regime is less than or equal to Rs.25000. Accordingly, if tax liability on Capital gain, Salary and Other sources is less than or equal to Rs.25,000; no tax is required to be paid.

Tax on MF depends on holding period, type of scheme (equity/debt). You can do exact calculation through Income tax calculator available at https://incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 25, 2023

Question by chaitanya - Sep 25, 2023

could i invest paradeep phosp share for 2 years price of 72

Ans: Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Revenue every quarter for the past 2 quarters
Declining profits every quarter for the past 2 quarters
The above numbers have to change, watch closely and if your study says that it will change than its good

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Abhishek Dev |56 Answers |Ask -Follow

Financial Planner - Answered on Sep 25, 2023

Question by Bhogu - Sep 25, 2023

Sir Ji - Namaste. Which is advantageous? Investing in MFs directly from the Company or through Distributors ( broking companies )?

Ans: Hello,
There will be a conflict of interest for us to answer this, as we are an AMFI-registered Mutual Fund distributor. But to answer your query, if you're new to the markets, looking for active fund management, not aware of whys and hows of mutual funds, and most importantly need someone for tackling behavioural bias, go for Regular funds, otherwise you can go for Direct Mutual Funds.

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Samraat Jadhav |983 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 25, 2023

Question by SANDEEP - Sep 25, 2023

is this the right time in invest in BERZER PAINT STOCK

Ans: No, entire paint industry is in huge competition now.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Ulhas Joshi |189 Answers |Ask -Follow

Mutual Fund Expert - Answered on Sep 25, 2023

Asked by Anonymous - Sep 07, 2023

Dear Mr Ulhas, what are the tax benefits of investing in a mutual fund? How can I save tax by investing in SIPs or mutual funds? How much can I invest per year to avail benefits?

Ans: Hello and thanks for writing to me.

I believe you are writing about investing in Equity Linked Savings Schemes investments to save on income taxes.

Per current rules, if you invest Rs.1.5 Lakh in ELSS schemes of various mutual fund houses, you can save around Rs.46,800 every year in income taxes under Section 80C of the Income Tax Act.

Investing in these funds carry a mandatory 3-year lock-in and you will not be able to redeem the investment till 3 years have passed.

I recommend you consult a tax advisor who can help you plan your taxes and explain how gains in investments in equity, debt or other mutual fund types are taxed.

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Ulhas Joshi |189 Answers |Ask -Follow

Mutual Fund Expert - Answered on Sep 25, 2023

Question by Soham - Jul 03, 2023

what is the future of tata digital fund? is it worth for a lumpsum investment now?

Ans: Hello Soham and thanks for writing to me.

Tata Digital Fund is a thematic fund, that is invests only in companies that are in a particular sector or companies that produce or provide services related to a theme.

In case the sector does well, the fund will probably do well and vice versa.

If you are investing in any fund to long term wealth creation, I recommend you reach out to financial planner who can understand your risk objectives and investment horizon and make a suitable plan for you.

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Ulhas Joshi |189 Answers |Ask -Follow

Mutual Fund Expert - Answered on Sep 25, 2023

Question by Arun - Sep 20, 2023

Hi, I am Arun, I am doing 6000K sip per month. 1000 SBI contra Fund – Regular plan – growth, HDFC Flexicap Fund- Grouth, ICICI Prudential smallcap fund-growth, Nippon India small cap fund – growth plan, Bandhan sterling value fund - regular plan- growth & SBI small cap fund reglar – growth. Kindly advise am i investing in right sips.

Ans: Hello Arun and thanks for writing to me. The funds you investing in are good funds, assuming you are investing for long term wealth creation and you are comfortable with risk.

If you elaborate on your goals, risk appetite and time horizon I may recommend other schemes.

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Ramalingam Kalirajan |38 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 25, 2023

Question by Sukumar - Jul 14, 2023

How about investment in LIC's Jeevan Shanti policy for 10 lacs - I am aged 66 years.

Ans: Please don't go for readymade pension policies. Poor returns and not tax efficient.

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Ramalingam Kalirajan |38 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 25, 2023

Question by rudolf - Sep 14, 2023

Hi this is Rudolf , i am 46 years old and want to build a portfolio of 2 crores First of all, thank you for taking the time to review questions from viewers. I would be really grateful if you could review my investment portfolio. I invest 64,000 rupees every month in a direct mutual fund, and my plan is to continue this for the next 10 years. Thank you! Previously, I used a broker for my investments, but now I have stopped using their services and kept those funds as they are . Currently, I am investing in the following mutual funds through the Coin app: ICICI Pru Bluechip - 12,000 rupees Mirae Asset Emerging Bluechip - 4,000 rupees Axis Mid-cap - 5,000 rupees HDFC Mid-cap Opp - 5,000 rupees Axis Small-cap - 6,500 rupees Quant Active - 6,500 rupees Parag Parikh Flexi-cap - 8,000 rupees UTI Nifty 50 - 6,000 rupees Navi Nasdaq - 6,000 rupees Tata Digital Industries - 5,000 rupees Please advice.

Ans: Please check the overlap ratio of each fund in your portfolio when you add. Lesser the overlap ratio is better. There is no meaning in buying the same underlying stocks through different funds. If you find it difficult to decide the overlap ration or allocation, you can consult with financial planner or a professional mutual fund distributor who will be able to suggest and review periodically.

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Ramalingam Kalirajan |38 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 25, 2023

Asked by Anonymous - Sep 16, 2023

I have 10 lakh rupees in FD which I want to move in MF. Please suggest some fund for lump sum amount to invest for 5-7 years.

Ans: FD is a Risk Free Asset. But will not beat inflation. Also it is not tax efficient.
Debt Mutual Funds have low risk. Again, this also will not beat inflation. Tax deferment is possible.
Equity funds have high risk. This will surely beat inflation in the long run. Tax efficient.
Instead of Lumpsum, you may consider STP in Actively managed diversifed equity funds, if you have a right financial planner / a professional mutual fund distributor. If you want to do it yourself, then you can settle for conservative index funds.

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Ramalingam Kalirajan |38 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 25, 2023

Asked by Anonymous - Sep 24, 2023

I am banker at 55. I want to retire now . I will get 60 lakhs and no pension. I have my own house in Delhi. Please advise if I can manage ?

Ans: It depends on the monthly income you are looking for. SWP from a combination of debt funds and equity funds can help.

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Abhishek Dev |56 Answers |Ask -Follow

Financial Planner - Answered on Sep 23, 2023

Question by Albert - Sep 21, 2023

Hi Abhishek. I have purchase 100 shares @ 211.47 few years back. After that i went New Delhi for official purpose, when i am back i can see the value is Rs. 0.00. Is there any scope coming once again in the market

Ans: Can you be more elaborative to help us guide you better, especially with which share and what has happened?

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Question by Sathyanarayanan - Jun 28, 2023

Is 80c deduction available gor senior citizens invedting in PMVVY Scheme for AY,23-24

Ans: No tax deduction for the same

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Question by GARAPATI - Aug 25, 2023

I filed my IT return on 28 June and it got processed on 15 July. Received mail communication on 21 July about the IFSC Code of the bank merger. I updated the same and raised refund reissue on 21 July. No response till now.

Ans: Hello, It will come, do keep checking every 2 weeks for a response, if it doesn't come in 45 days time then raise one more refund reissue request.

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Question by Haider - Aug 21, 2023

Want to invest Rs.5 lacs as one time investment in mutual fund for 4-5 yrs. Pls suggest.

Ans: Hello, you can go for a multi cap fund for semi aggressive portfolio strategy.

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Asked by Anonymous - Jul 11, 2023

Hi Sunil, I am planning to buy a under construction Apartment and to fund it, I intend to partly withdraw my Provided Fund(PF). I also have funds available from the sale of my parental flat that was sold around 4-5 months ago (when the parental flat was sold it was on my mother's name). I want to buy the NEW apartment jointly in my Mom's and my name, so that amount received from sale of parental flat is reinvested and capital gains can be avoided on Mom's behalf. However the challenge, I have is, according to the norms of PF, I cannot have joint name other than spouse, if I am using funds from Provided Fund(PF). Please can you suggest me, how I can withdraw from Provided Fund(PF) and also use proceedings from parental flat sale.

Ans: You can withdraw the funds of PF in your account, transfer those funds to either an account which has a joint holdership of you and mom or your individual name and then make the payment for the house from any of the 2 accounts.

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Tax, MF Expert - Answered on Sep 23, 2023

Question by Rabi - Jul 08, 2023

Which SIP would be best for Long term.

Ans: Hello, depending on the age and duration of investment you can select the category of funds like small cap, mid cap, large and mid, multi cap, large cap, hybrid funds, thematic funds, etc.

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Tax, MF Expert - Answered on Sep 23, 2023

Question by Rakesh - Jul 01, 2023

I retired from Railway in June 2022 and received below amount on retirement. PF-23 Lakh, Gratuity - 12 lakh, Commutation - 13 lakh and Leave encashment - 9 lakh. I also received pension from July 2022 to March 2023 - 259,000 INR. There was no TDS on salary of 3 months. Do I need to show all of the amounts in Income tax return? If yes what is exempt income and how to show all above?

Ans: You need to declare all the income, but some are taxable and some are not
1) Pension received is taxable
2) PF received is not taxable if service is more than 5yrs
3) Gratuity is exempt up to 20L
4) For government employees - commutation is not taxable
5) For government employees leave encashment on retirement is not taxable

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Question by S - Jun 25, 2023

I have invested in the following funds and require your advice on holding or Switching ----1) SBI Focused Equity fund Regular growth - 645 units @ Rs.227 purchased on 4th aug 2022,----2) SBI Blue Chip Fund Regular Growth - 822 units @ Rs.60.84 purchased on 4.8.22, ----3) SBI Multicap Fund Regular Plan Growth - 34953 units @ Rs.10.59 on 4.8.22,----4) HDFC Tax Saver Direct Plan Growth Option - One time Investment of Rs.40000/-on 9.3.20,----5) HDFC Developed World Indexes FundOf Fund - One time investment of RS.50000/- ON 21.10.21, ----6)HDFC Equity Savings Fund Direct Plan Growth--One time investment of Rs.70000/- on 21.10.21,----7) HDFC Nifty Next50Index Fund direct growth - One time investment of Rs.50000/- on 3.11.21

Ans: Hello, the selection of funds should have a goal attached to it. This investment style seems to be cluttered and not very definitive in terms of the goals it has. Do speak to an advisor / distributor in person for the same.

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Question by Jayant - Jun 01, 2023

Hello, I have three LIC policies that have been paid for the past eight years since my last company gave them to me when I left the company. I've been paying the premium ever since the firm sent me a letter transferring the insurance in 2014. Can I modify the name in the policy in LIC ?

Ans: Hello, do confirm this with the customer care of LIC as it depends on the type of policy you have or speak to the HR of your company for the same.

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Vivek Lala |161 Answers |Ask -Follow

Tax, MF Expert - Answered on Sep 23, 2023

Question by Papai - Sep 22, 2023

I am 41, my sip portrolio is as below: 1. Icici pru bluechip: 1000/month sip 2.hdfc midcap opportunities: 100/bz day sip 3.sbi small cap: 4000/month sip 4.hdfc small cap: 65954 lumpsum 5.parag parik flexicap: 20000 lumpsum 6.sbi focused fund: 2500/month sip 7.hsbc value fund: 2500/montb sip 8.icici equity and debt: 1000/month sip 15% increment yearly 9. Icici technology fund: 1000/month sip 15 c/o yearly increment 2 balanced fund icici baf and hdfc baf 50000 rs lumpsum each Risk appetite: high, investment horizon; 20 years Goal: accumulate max amount 10 cr if possible.

Ans: Hello , as I can see your time horizon is 20 years so you can take some volatility in your portfolio.
You should go for the following allocations :
Small cap 30% , mid cap 30% , multi cap 15% , large and mid cap 15% , thematic funds ( consumption, tech, etc ) 10%
If you want to accumulate 10crs in 20yrs your sip amount has to be Rs.101000 at the rate of 12% xirr

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Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 22, 2023

I need 1 lakh ₹ loan what i do sir.. (Manoj)

Ans: Please contact suitable lending agencies like your bank, a P2P lending platform, or maybe even through your family and/or friends.

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Sanjeev Govila |196 Answers |Ask -Follow

Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 22, 2023

🙏 dear sir my name manoj kumar, Credit/cibil score is not showing.. What is the Reason, please help,

Ans: Please contact the service provider you have chosen to view your credit score.

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