Hemant Bokil

Answered on Jan 16, 2024

Question by Unnati - Jun 05, 2023Hindi

Hello , I am a pilot and my age is 25 years . My inhale salary is 4lac . I have not started investing yet . Can I please get some advice on which mutual fund I should start investing . I can invest upto 3 lac per month

Ans: Hi considering young age you should start with a nifty or sensex index fund and add a flexi cap fund and a mid cap fund to it

Disclaimer the views expressed are on personal basis based on my experience and knowledge

(more)

Answered on Jan 16, 2024

Asked by Anonymous - May 30, 2023Hindi

my age is 39, I am investing around 30k per month since last 5 years. how many years I have to invest if I want 2-2.5 Cr at the retirement.

Ans: Hi if I assume your retirement at age 55 you have another 16 years in hand so if your investments grow at 15% every year then you can touch 2 cr but that's less likely so assume a decent growth of 12% and u can see you wealth at 1.1 cr

Disclaimer the views expressed are on personal basis based on my experience and knowledge

(more)

Answered on Jan 16, 2024

Asked by Anonymous - Jun 02, 2023Hindi

Hellow Sir I am 26 years old and My present monthly net salary is Rs.50000 and have monthly expenses of about 18000-20000 since I am residing in a joint family. With a long term view, I am at present investing Rs.5100.00 in Kotak Small Cap and Rs.5100.00 in PPFAS, through SIP. I am expecting annual increment in coming days and want to enhance my monthly SIP by another 5000. Please suggest MF.

Ans: Hi it's good to see you are investing from a young age , do continue and you can add nifty or sensex fund to complement your existing portfolio

(more)

Answered on Jan 16, 2024

Asked by Anonymous - May 18, 2023Hindi

hello ! my son is just 18 yrs in April,23. Please suggest the sectors of investment for long term between 5 yrs to 15 yrs. My interest is gold ETF, SGB, shares, mutual fund etc. please suggest .

Ans: For 5 to 15 years kindly choose flexi cap to mid cap to small cap funds

(more)

Answered on Jan 16, 2024

Question by Seirham - May 22, 2023Hindi

I'm 54, retired a few years back, having a 21 and 10 year old children. My wealth, apart from my apartment, is 3C lying evenly distributed in Bank FD, NCDs and land. I want my wealth to grow 12% p.a., my expenses included. Kindly advice.

Ans: Hi you need to diversify into index and aggressive hybrid funds and in at least one flexi cap fund and have swp started for monthly outgoings as well as wealth to grow by approx 12% pa over a period of 5 to 7 years of investment horizon

(more)

Answered on Jan 16, 2024

Question by Sai - May 28, 2023Hindi

I have sip in the following funds 1.sbi small cap fund 2k 2.mirae asset emerging blue chip fund 2k 3.axis blue chip fund 1.5k 4 HDFC hybrid equity fund 1.5k 5 axis mid cap fund 2k 6.quant tax fund 1.5k 7.parag parik flexi cap fund 2k 8.axis small cap fund 1k 9.icici prudential nifty next 50 index fund 1k 10.edelwsis greater china off shore fund 500..is these are good to continue

Ans: Hi so many funds !!!! Do continue sip in mirae emerging now called as large n mid cap parag parikh flexi icici next nifty axis mid cap and do add uti nifty 50 for rest funds u can discontinue and book profits

Disclaimer the views expressed are on personal basis based on my experience and knowledge

(more)

3

Answered on Oct 30, 2023

Question by Preetinder - Oct 28, 2023Hindi

Hello sir , I am 45 years old working in private job. My breakdown of monthly SIP is 1000 for long term kotak flexicap fund. How much i can get at my retirement

Ans: Hi kindly specify your retirement age so that the calculation can be made accurately

here i am giving retirement corpus at age 60
which can be Rs 4.75 lacs approx

disclaimer - above solution is given based on certain assumptions and investments in mutual funds are subject to market risk

(more)

Answered on May 25, 2023

Question by Neeraj - Apr 20, 2023Hindi

Dear Sir, I am Neeraj Gupta . I have to invest 30 Lakh for 3-5 years. Pl. advise me how and where to invest ?

Ans: kindly opt for STP route and you can do this in HDFC sensex fund and PPFAS flexi cap fund along with canara robeco hybrid equity fund

(more)

1

Answered on May 25, 2023

Asked by Anonymous - Apr 28, 2023Hindi

Hello My age is 46, My Salary is 120000 cash in hand and below are my expenses per month. As of now I don't have any investment can you suggest some plan as per my income and expenditure. House rent =22000, school fee 11000, EMI 24000.

Ans: kindly take a good family health cover
then buy at least 2 crores worth pure insurance
and start sips for Rs 40000 in total in UTI nifty 50 and ppfas flexi cap fund

(more)

1

Answered on May 25, 2023

Question by Kapish - Apr 29, 2023Hindi

Dear Hemant ji, I am 41 year old working professional and i have two kids age 7 and 2 year respectively. I want to keep aside 20 Lac for each of them, so money multiply around 2-3 times, when they grow up and require for higher education and marriage due starting 10 years from now. Importanly i dont want to pay yearly tax on the interest it generates as already i am in 30% slab , A one go long term capital gain will be ok .. Kindly suggest 2-3 options to consider .You may consider my risk appetite as low to medium.

Ans: you can invest in index funds like hdfc sensex fund and uti nifty 50 fund and ppfas flexi cap funds lumsum on every market dip and spread you 20 lacs over a period and then monitor funds and after 10 years roughly money has grown well considering the way funds are performing

(more)

Answered on May 25, 2023

Asked by Anonymous - May 17, 2023Hindi

SIR BASED ON MY PREVIOUS QUESTION YOU HAD ADVISED ME TO EXIT BIRLA FRONTLINE - 3000 PER MONTH HDFC TOP 100 - 2000 PER MONTH SBI BLUE CHIP FUND - 5000 PER MONTH HSBC MIDCAP - 5000 PER MONTH DSP FUND - 5000 PER MONTH ADD PARAG PARIKH FLEXI CAP TO MY PORTFOLIO PLEASE CLARIFY FOLLOWING :- (A) WILL IT NOT RESULT IN REDUCING THE COMPOUNDING EFFECT OF THESE FUNDS (B) SHOULD I WITHDRAW ABOVE FUNDS AND DEPOSIT LUMPSUM IN PARAG PARIKH OR STOP SIP OF THESE FUNDS AND START SIP OF 20000 IN PPFC (C) CAN TARGET OF 5 CR BE ACHIEVED AFTER 12 YRS PLEASE REPLY EACH SERIAL FOR CLARITY

Ans: a - compounding will get affected but since performance of the funds which i have advised to stop , is now not good it makes sense in stopping sip and exiting when you get good profit
b - yes stop sip n exit form them
b - with proceeds you get after selling calculate with your CA tax payable and pay the tax and remaining amount you can invest in ppfas liquid fund and start STP in PPFAS flexi cap
c - for 5 crores to be achieved you need to increase your sip and / or top it with lumsum investmenst in MF

(more)

Answered on May 25, 2023

Question by Vijay - May 17, 2023Hindi

I have invested in: 1. mirae emerging bluechip fund 2.nippon pharma fund 3.quant active fund 4.quant infrastructure fund 5.icici multi asset fund 6.parag parikh flexi cap fund 7.uti flexi cap fund 8.motilal nasdaq 100 fund of fund 9.absl digital india fund whether to hold or redeem.I am 66yrs old .

Ans: kindly exit absl motilal and both quant funds

(more)

Answered on May 25, 2023

Question by Raja - May 18, 2023Hindi

Dear sir, I have the following investment aimed for long term; Axis Bluechip Fund - 5000/month Axis Small Cap Fund - 2500 /month L&T Emerging Businesses Fund - 4000 /month Mirae Asset Emerging Bluechip Fund - 7500 / month These investments are more than 2 years now. should i continue with the same or look for any change. Thanks, Raja s

Ans: you can stop sip l & T ( now hsbc ) and axis bluechip and replace them with UTI nifty 50 index fund and PPFAS flexi cap

(more)

Answered on May 25, 2023

Asked by Anonymous - May 19, 2023Hindi

Dear Sir, Please correct me about duration of SIPs in MF. Depending upon choice of MFs. As I see if sensex is high, nav improves& I gain more. If sensex is down, I buy more units at lower rates. Thus SIPs are always advisable, irrespective of its duration. Is there any duration of SIPs?

Ans: sip duration = time left to achieve your goals

(more)

Answered on May 25, 2023

Question by Nirvaan - May 18, 2023Hindi

Hi! I am 47 years and am just entering mutual funds. I would like to invest Rs. 1 lakh/- per month with an investment horizon of 10 years. Request your suggestions and also How periodically should I revisit my portfolio?

Ans: every 3 months check whats happening and take annual review of funds
for your need you can start sips in canar robeco hybrid equity fund hdfc sensex fund and ppfas flexi cap fund

(more)

Answered on May 25, 2023

Question by Sanjay - May 23, 2023Hindi

Hi I am 45 without any liability, I can invest about 2 lacs monthly. I have 10 Cr net worth goal, please suggest appropriate SIP investments.

Ans: you can start sip in HDFC sensx fund PGIM mid cap opportunities fund Nippon small cap fund and PPFAS flexi cap fund

(more)

Answered on May 25, 2023

Question by Mukesh - May 25, 2023Hindi

I am investing 4000 per month each in: ICICI Pru Blue Chip Kotak Flexi Cap Mirae Asset Emerging Blue Chip Axis Blue Chip ICICI Pru MultiCap Fund Axis Multi Cap Franklin India Focused Equity Mirae Asset Focused ICICI Pru Multi Asset Kotak Emerging Equity Axis Mid Cap Nippon India Small Cap Kotak Small Cap Fund HDFC Index Sensex Plan (G) Tata Digital India Fund Kotak Small Cap ICICI Pru Value Discovery Fund Nippon Large Cap Please advise : SHould I continue or change?

Ans: so many schemes will not help you achieve any diversification
kindly stop and redeem some funds and the schemes that you can continue are mirae emerging kotak emerging axis mid and nippon small hdfc index fund and icici bluechip

(more)

Answered on May 25, 2023

Asked by Anonymous - May 25, 2023Hindi

If someone who is 45 years of age and has got lumpsum of about 50L available, which are the various options to invest in order of preference (most being first one) that provides compounded returns for a horizon of 10 years

Ans: hi , how much returns are expected is not known but assuming age 45 and appetite for high risk and high rewards one can opt for regular investments in equity followed by aggressive mid and small cap funds and then index funds.

but remember high returns means high risk

(more)

Answered on May 18, 2023

Question by Rajesh - Apr 17, 2023Hindi

My friend has only INR 100 Lacs in cash and is retired now. What should be his investment portfolio that gives him regular income for living? Also earning good amount on his investments.

Ans: Hi Mr Rajesh kindly ensure that min monthly expesenses are taken care life long so your friend should choose an annuity plan from LIC OF INDIA like Jeevan Akshay or Jeevan Shanti and should not worry for life time. He must have a good health cover and he must make use of SCSS scheme either from nationalised bsnk or post and most importantly around 20% should be in FD in a nationalised bank to meet emergency expenses or health emergencies

(more)

Answered on Apr 27, 2023

Question by Dhrubajyoti - Apr 26, 2023Hindi

I have earned per month 30000 but not to savings anything what to do

Ans: Hi try to save at least 25 % of the income.
so from your monthly income of Rs 30000 try to save Rs 7500
put 2500 per month in overnight fund or bank RD for 12 months - this is your emergency fund. do this for 2 to 3 years and you collect almost 1 lac in your emergency fund.

from balance Rs 5000 first buy a floater mediclaim for yourself and go for a pure term cover of at least 25 lacs

i believe after this still you can save Rs 2000 around per month , start a sip in an index fund

(more)

Answered on Apr 27, 2023

Question by Abhijit - Apr 25, 2023Hindi

I have a corpus of 35 lakhs. I have invested in following mutual funds. I want to get invested in next 5-6 years. Now I am 52 years old. 1. Canara Robeco Blue chip equity fund 2. Canara robeco small cap fund. 3. DDP small cap fund 4. ICICI Prudential bluechip fund. 5. Kotak emerging equity fund 6. Kotak global innovation fund of find 7. Quant midcap fund 8. SBI Magnum medium duration fund In all the fund invested inbetween 3 -5 lakhs. Pl suggest. I want to create a corpus of 1.2 crore after 6 years. Is it ok. Or I need to modify my portfolio.

Ans: Hi Mr Abhijit , glad to see you are doing investments in good funds but my suggestion kindly avoid too many funds.

all your funds are good and it makes sense that you allocate your 35 lacs in current portfolio by way of systematic transfer.

for 35 lacs you can divide it in 1. Canara Robeco Blue chip equity fund
2. Canara robeco small cap fund.
3. ICICI Prudential bluechip fund.
4. Kotak emerging equity fund

but remember small and mid caps will deliver best reyruns in long term - for 5 to 6 years time frame you can invest but should have patience to see gains later.

(more)

Answered on Apr 27, 2023

Question by Sanjay - Apr 22, 2023Hindi

Following are my mutual funds holding investing through SIP. Request you to kinldy review the same and suggest. SBI FOCUSED EQUITY FUND GROWTH: RS 10000 PGIIM INDIA MIDCAP OPPORTUNITIES FUND GROWTH: Rs 9000 AXIS BLUECHIP FUND GROWTH: Rs 10000 MIRAE ASSET EMERGING BLUECHIP FUND GROWTH: Rs 2500 ICICI PRUDENTIAL TECHNOLOGY FUND - GROWTH: Rs 5500 CANARA ROBECO: Rs 5000

Ans: Hi Sanjay

My advice would be to exit sbi focused axis bluechip and to add uti nifty 50 index fund and ppfas flexi cap in current market scenario , rest schemes are good though canara robeco scheme name is not mentioned

Disclaimer - it my suggestion and me and my clients can have investments in suggested portfolio

(more)

Answered on Apr 27, 2023

Question by chittanand - Mar 28, 2023Hindi

DEAR MR.BOKIL I AM INVESTING MUTUAL FUNDS FRANKLIN PRIMA GROWTH -4000 PGIM INDIA GLOBAL EQUITY -2000 SBI BALANCED ADVANTAGE FUND 1000 KOTAK SMALL CAPS -GROWTH 1000 ICICI PRUDENTIAL -EQUITY GROWTH -1000 HDFC MUTUAL FUND GROWTH 2000 KOTAK MUTUAL FUND-MI CAP 3000 LAST 10YEARS HOLDING SBI -165 SHARE TATA MOTORS -50 TATAPOWER 75 CANARA BANK -75 ADANI PORT-25 COAL INDIA -25 KINDLY ADVICE MY AGE

Ans: Hello Mr Chittanand , Glad to see you are already into investing. Kindly reduce number of schemes and same nature schemes. As far as shares are concerned portfolio looks good but do book profits when you get them.
Kindly let me know what advice you need as your question does not say so

(more)

Answered on Apr 27, 2023

Question by Renukadevi - Mar 18, 2023Hindi

Hello Investment/ Money Guru, I'm 46 years old, planning for one time investment ~8 LAK in NPS/ Mutual/ your suggestion. My objective to use this fund to add into my corpus during my retirement at 60 years, so ~15 years I will not use this amount. Can you please advise right investment options. Thank You!

Ans: Hi Renukadevi

Yes NPS is good for investing and tax saving both as per old regime. You can invest say 2 lacs in it and 6 lacs you must allocate to aggressive funds lime mid cap and small cap and index funds but in a systematic transfer plan method

(more)

Answered on Apr 27, 2023

Question by Prodeep - Mar 09, 2023Hindi

I have around 2.5 cr to invest. Live in Delhi NCR. Should I invest into residential real estate in Gurgaon or gold and MF?

Ans: Hello Mr Pradeep investment in any asset class actually depends upon your Goal. I believe if you need liquidity returns and you are ready to take risks then Mutual Funds can be the perfect vehicle. You can choose STP and SWP to invest money and get income both. I am not very bullish on real estate as a investment but buying real estate for use i always recommend. Gold yes around 10% you can allocate to Gold while investing

(more)

Answered on Mar 21, 2023

Question by Chandan - Feb 24, 2023Hindi

How I can plan my retirement plan

Ans: Hi for this kindly provide your current age retirement age, expenses per month, commitments in terms of expenses you got and your income

(more)

Answered on Mar 21, 2023

Asked by Anonymous - Mar 10, 2023Hindi

Hi Sir, I am 48 years old and we are family of 4 . I don't have any liabilities. My current annual expenses are Rs.18 lacs per year. For childs education I have kept Rs.50 lacs separately. How much savings will be good for me to retire in next 2 years and what should be my asset allocation?

Ans: Asset allocation can be 50 50 at your retirement age of 50 in next 2 years, and for monthly expenses of 1.5 lacs after 2cyears u need to have corpus of 2 Crores approximately.

(more)

Answered on Mar 21, 2023

Asked by Anonymous - Mar 18, 2023Hindi

GOOD EVENING SIR. I'M 42 YRS. I WANT TO CREATE A CORPUS OF 5 CRORES IN NEXT 12 YEARS. PRESENTLY I HAVE INVESTED 28 LAKHS IN MUTUAL FUNDS THROUGH SIP WITH CURRENT VALUATION AT 55 LAKHS. I'M INVESTING 55K PER MONTH DETAILS OF MONTHLY AMOUNT :- 1. HDFC TOP 100 - 2000 (SINCE JUN 10) 2. HDFC MID CAP OPPORTUNITIES DIRECT - 3000 (SINCE JAN 18) 3. HDFC MID CAP OPPORTUNITIES REGULAR - 7000 4. ICICI PRO- FOCUSED BLUE CHIP FUND - 5000 (SINCE JAN 14) 5. SBI BLUE CHIP FUND - 5000 (SINCE JAN 18) 6. HSBC MID CAP FUND - 5000 (SINCE JAN 19) 7. DSP FLEXI CAP - 5000 (SINCE JAN 20) 8. UTI NIFTY 50 - 5000 (SINCE JAN 22) 9. ADITYA BIRLA SUNLIFE FRONTLINE EQUITY - 3000 (SINCE JAN 14) 10. HDFC SENSEX FUND - 5000 (SINCE JAN 23)

Ans: Hi Good to see you are investing for a long time now but too many cooks spoil the party, same way you can exit Birla Frontline hdfc top 100 SBI bluechip funds and same for HSBC and dsp funds and and can add parag parikh flexi cap to your portfolio

Disclaimer me and my funds can have holdings in the suggested portfolio

(more)

Answered on Mar 21, 2023

Question by Girish - Mar 19, 2023Hindi

Hi, I am investing 25,500 as a SIP in following MF schemes since 2017. 1. Franklin India Focused Fund - 5000 2. HDFC Hybrid Eqt Dir-G - 4000 3. ICICI Pru Eqt & Debt Dir-G - 4000 4. Kotak Flexicap Dir-G - 2500 5. Mirae Asset Emrgng Bluechip Dir - 7500 6. Mirae Asset Large Cap Dir-G - 2500 Please advise if I need to make any adjustments. I want to increase investments by around 50,000, should I increase SIP on these schemes?

Ans: Hi too many funds will not serve purpose of diversification. My suggestion is remove Franklin hdfc hybrid kotak flexi cap and add parag parikh flexi cap and and uti nifty 59 index fund

Disclaimer - its suggested portfolio and I and my clients can have holdings in them

(more)

Answered on Mar 21, 2023

Question by Joshua - Mar 21, 2023Hindi

best mutual fund investment for 3 years duration

Ans: Hi for 3 years in current market scenario index find can help you grow money though good risk is there to get returns

(more)

Answered on Mar 12, 2023

Question by ANIL - Feb 23, 2023Hindi

Thank you very much, Sir, for the kind replies. Here's a supplementary: How does one get to know which MF Scheme follows Value style of investing and which Growth? Your Ans: Ref of Q 1, you need to provide inputs as to what exactly you want to track by knowing the investment strategy of a fund. I need your good advice because I want to invest in the Value Oriented MFs instead of the Growth ones, because I learn the Growth oriented MFs are prone to sharp ups and downs. Do I learn correct? Do you get me aright? Regards.

Ans: Hi Anil, the value oriented mutual funds generally have word value in the scheme name and as the strategy suggests, these funds invest in stocks that are currently trading at a level lower than their intrinsic value

Whereas to understand growth oriented funds you can look for portfolio built of large mud small caps and generally names too will have large cap fund mud cap fund or snall cap fund multi cap fund flexi cap fund as the names

(more)

Answered on Mar 02, 2023

Question by Deep - Jan 09, 2023Hindi

what is best investment plan at 30s?

Ans: Best investment plan at 30 for retirement goal at 50 will be SIP in mid cap and flexi cap funds and choosing a plan like Jeevan umang from LIC as a fixed guaranteed tax free income

(more)

Answered on Mar 02, 2023

Question by Naz - Feb 27, 2023Hindi

Sir, I am inesting in MF (Index Fund) on SIP basis. I am worried about NSE's inclision of Adani Group Companies in NSE Index since hitting lower circuit every day and fundamental is not strong. Please suggest should I stop investing in MF for now? What are basic criteria of inclusion of stock in different NSE Indexes?

Ans: You have no control on individual stock picking in mf, be it actively or passively managed fund instead of worrying about one or two stocks, leave it to fund manager or rule based models to deal with the stock you worry about, they are better equipped to handle it, you may choose Sensex index fund or low visibility funds

(more)

Answered on Feb 23, 2023

Question by Raj - Feb 11, 2023Hindi

I am 47 years old. I am investing 10k monthly via SIP. How much wealth can I expect in the next 10 years? Thank you

Ans: Hi with you sip of 10k for 10 years at assumed rate of 10% can give you 20.14 lacs

Kindly note rate of growth is assumed rate of growth considered only for calculations

(more)

Answered on Feb 23, 2023

Question by ANIL - Feb 16, 2023Hindi

1. How does one get to know which MF Scheme follows Value style of investing and which Growth? 2. With 5 years horizon in mind which of these two schemes would be better to park spare funds in: HDFC Low Duration or Long Duration Debt Fund? 3. What's your take on PGIM Midcap fund in the 10 years plus horizon?

Ans: Hi in Ref of of Q 1, you need to provide inputs as to what exactly you want to track by knowing investment strategy of a fund,

For Q 2, for 5 years debt fund will not be a right option, but still if you need answer then I go with latter if hdfc fund

For Q 3
Yes its good to invest in it

(more)

Answered on Feb 23, 2023

Question by Vic - Feb 20, 2023Hindi

i am 44now. how can I plan for retirement pension

Ans: Hi at this age planning for retirement can be done through typically with 2 products like differed pension plans of insurance companies, ex Jeevan umang from LIC and sips in midcap and snall cap funds, if you are planning retirement from 59.

(more)

Answered on Feb 23, 2023

Question by Mahindra - Jan 10, 2023Hindi

I would like to invest my money in mutual fund, can i get the name of best mutual fund in Mumbai where i can trust them.

Ans: Hi, the best mutual fund as such can be defined only after understanding your Goals, risk taking ability, time left to reach your goals and capacity to invest

(more)

Answered on Feb 15, 2023

Asked by Anonymous - Feb 07, 2023Hindi

Why is mutualfund investing better than saving and which funds are right for me?

Ans: Mutual Fund investing helps in diversification of risk and returns too. It is managed by experts and they have tools , rules based on techniques and know how to manage funds better and in an expert way. Mutual Funds are tax efficient too and hence they are score above Basic savings options.

The funds that are right for you can be suggested only after understanding you investment horizon risk taking capacity and Goals

(more)

Answered on Feb 15, 2023

Question by Ambar - Feb 08, 2023Hindi

How to generate Max monthly income from a corpus of Rs 40 lacs.I am a Sr cotizen

Ans: Hello Mr Ambar , To get max monthly income you need to choose Mutual Funds. Doing a systematic withdrawal plan in a hybrid equity fund is recommended at roughly 9 % per annum so you can get 3.60 lacs per annum but you want max income then you can think about taking a bold step and choose 12% return but be ready to see negative capital in short term.

Disclaimer - Calculation is based on assumption and its not guaranteed.

(more)

Answered on Feb 15, 2023

Question by Swapnil - Feb 13, 2023Hindi

Want to invest in a SIP for 2023 till next 3 years with high returns , Please suggest

Ans: Hi Swapnil for 3 years with high returns in mind remember its high risk high return portfolio you need to create.
So you can choose Canara Robeco Small Cap Fund Or HDFC Midcap Opportunities fund or Parag Parikh Flexi cap fund. Remember ideally you need to be ready see negative returns too as this is a small time frame you have.

(more)

1

Answered on Feb 15, 2023

Question by Nitiksha - Feb 14, 2023Hindi

What is the risk of investing in Mutual Funds?

Ans: Hi Nitishka , Risk Can be defined as your response to tolerance level. So its subjective and what's risky for me many not be risky for you. So in Mutual Funds specially wherever you will see equity as a component, you will see that much part of the portfolio as RED or GREEN depending on equity market performance. But more te equity in the portfolio more is the possibility of good gains and vice versa. So All in all i can say when you are driving your car on the road you drive it with safety and not with the intention of meeting with an accident. So in mutual funds too risk is there in the form of equity to create possibility of better returns and fund house takes care as to not spoil the party by choosing wrong equity as they have their own set of rules to assess the stock selection.

(more)

Answered on Feb 09, 2023

Question by Arij - Feb 06, 2023Hindi

Income Tax Senior citizen age limit

Ans: 60 years

(more)

Answered on Feb 09, 2023

Question by Rashmi - Feb 06, 2023Hindi

After new Budget presentation confusion is going everywhere, why two types of regimes are being forced to to the tax payers? One regime should be proposed with all hopes of benefits to the tax payers?

Ans: Well I believe the logic behind 2 regimes is simple, there are a lot of people who sa e because of tax benefits and a lot of people who don't, so cater both, 2 regimes are needed.

(more)

Answered on Feb 09, 2023

Question by Prabhash - Feb 08, 2023Hindi

Every month i transfer 30k to my friend account and my friend return it after 15 day. My salary is taxable.my question do i need the pay the tax on this amount which is 3.6 lac

Ans: Hi if you are giving him money by bank transfer and getting it back the same way, then it's loan given and loan repaid to you, entry gets closed. But in case there is some extra amount as interest received by you then only only interest is taxable

(more)

Answered on Feb 05, 2023

Question by Arun - Feb 02, 2023Hindi

Doesn't this discourage younger generation from savings. As the new regime has no exemption on savings

Ans: Hi Mr.Arun, yes it does. old regime had compulsion for saving along with tax saving.
But we need to teach the Millennials that saving and along with it Investing is important for future and its the only thing that can be helpful in future which will work when active income stops.

Now I believe with new regime each investment product will be bought by investors based on its merits. One who knows importance of investing will do it any how irrespective of tax benefit clause.

(more)

Answered on Feb 05, 2023

Question by kashyap - Feb 04, 2023Hindi

thankyou sir for your kind reply to the below question could you please suggest good mutual funds for SIP, I am 41 years old and my wife is 34 and we have 2 kids aged 5&10 respectively. i want to create corpus of 1.5 cr for retirement, 2 cr for child education require your valuable guidance on exactly which fund and how much in each fund i need to invest so that the objective can be fulfilled. in extension to your question retirement age 55 children's education investment horizon for a period of 12 years please suggest the name of the mid-cap funds and the amount to invest in it. it will be very helpful sir.

Ans: Hi Kashyap AM glad you liked my answer. Thank You.
well for 12 years a good mid cap fund can be chosen from Axis Midcap Fund and Nippon India Growth Fund. While you can make it all midcap fund investment for 12 years my suggestion allocate a good amount to parag parikh flexi cap fund too. So for 12 years if you want to reach to 2 cr the assuming returns of around 12 % per annum you need to invest Rs 65000 per month of which 40000 can go in mid cap and 25000 in flexi cap.

now for your retirement corpus of 1.5 cr after 14 years you can easily choose only one large cap fund which is Mirae asset Large cap fund and One small cap fund like axis small cap fund or canara robeco small cap fund

You need to save Rs 37000 at assumed rate of 12% for 14 years o reach to your retirement goal. Amts can be RS 17000 in small cap and Rs 20000 in large cap fund.

(more)

Answered on Feb 05, 2023

Question by P - Feb 05, 2023Hindi

If someone chooses to opt for the new tax regime(ntr), other than the standard deduction of Rs.50000/-, is there any other expenditure, that would be exempt from tax.For example , expenditure on petrol, telephone, driver's salary etc.

Ans: Hi P
expenditure on petrol, telephone, driver's salary etc. are given by employers to employees of certain ranks or cadre and its given as REIMBURSEMENT so income received as NET income by employee has no such amount hence this REIMBURSEMENT has nothing to do with New or old tax regime

(more)

Answered on Feb 05, 2023

Question by R - Feb 05, 2023Hindi

Sec 44ADA -applicable for the assessee choosing new tax regime?

Ans: Hi R , Its applicable only for the small professionals and not for all

(more)

Answered on Feb 03, 2023

Question by Prajwal - Feb 03, 2023Hindi

My Salary is around 16 Lacs what would be best for me Should i go for new Regime or follow old Tax methods using 80 C

Ans: Hi Prajwal , In case you are able to exhaust fully the deductions available under sec 80 C and 80 D , Home loan principal and home loan interest and NPS then old regime suits you more but if there is no such tax saving done by you then at your salary new regime is best

(more)

Answered on Feb 03, 2023

Question by Rohit - Feb 01, 2023Hindi

what has changed in old tax regime as i am under higher tax bracket

Ans: Nothing changed in old tax regime as of now

(more)

Need Expert Advice?Our Gurus Can Help