Need Expert Advice?Our Gurus Can Help

Answered on Sep 04, 2023

Question by Rangarajan - Jul 23, 2023

How NSC intrest amount taxed on maturity if i not shown on yearly basis

Ans: There is no TDS on NSC. It is self declared

(more)

Answered on Sep 04, 2023

Asked by Anonymous - Aug 10, 2023

Dear Sir, Have Rs 5.2 Lacs in EPF Acct, contributed for approx 7 years.Moved to Germany 2 years ago. Wish to withdraw whole amount. Please adi ise as to how to go about it. Regards

Ans: It can be applied online through to your last employer

(more)

Answered on Sep 04, 2023

Asked by Anonymous - Aug 10, 2023

Hello Sir, I am 44 years old IT professional. I have loan of Rs. 29 Lakhs. I am currently Monthly Investing 40K in MF, 10K in Nifty 50, 18K IBM Stocks and Large cap and Mid Cap Stocks 50K (IT- Infosys, TCS, Wipro, Tata Elxie), Bank - (ICICI, IDFC, SBI), Auto - Tata Motors, Ashok Leyland, Jewellery - Titan, Metal - Tata Steel, Vedanta), Paint - Asian Paint, Oil - IOC). MF 1. Edelweiss Large and Mid cap - 5000 2. ICICI Prudential Thematic adv fund - 5000 3. Kotak equity opportunity fund - 5000 4. Canara Robbeco Emerging Equities - Regular - 5000 5. Mahindra Manulife Multi Cap fund Regular Growth - 5000 6. Parag and Parikh flexi Cap fund Regular Plan - 5000 7. SBI Blue Chip fund Regular Growth - 5000 8. HSBC Small Cap fund Regular Growth - 5000 9. Nippon nifty 50 NIFBEE - 10000 10.IBM stock - 18000 I have 8 lakhs as emergency fund in FD ROI - 7.1, NPS - 12 lakhs, PF 22 lakhs, Stocks 24 lakhs, MF 5 lakhs I would like to have around 10+ crore's in the next 10-12 years in investments. What can I do better?

Ans: Your investment is too diversified, you should invest in stocks directly if you have expertise and time. Please share exact details of your lumpsum investment

(more)

Answered on Sep 02, 2023

Asked by Anonymous - Aug 14, 2023

Sir, I am 44 year old NRI with current savings of 80 Lakhs in FD and 4.5 lakhs in shares. Planning to return to India in 2 years, seeking guidance on generating a monthly income of 1 Lakh from my current savings and anticipated earrings of 10 lakhs in over the next 2 year and have no liabilities. Could you advise and investment strategy. Thanks Arun

Ans: With a corpus of 84.5 Lakh and if you add it 10 Lakh more your corpus would be 94.5 Lakh and after 2 years say if your corpus is 1 Cr than you would be able to get 50k as monthly interst from the bank with current rate of interest

(more)

Answered on Sep 02, 2023

Question by Vivek - Aug 18, 2023

Jigar Sir , I plan to invest 10 L in city union bank with perspective of 1 year or more. Is it OK to do so for long term ?????

Ans: You mean Fixed Deposit with Union Bank ?

(more)

Answered on Sep 02, 2023

Question by Mohan - Aug 18, 2023

Dear Sir, I hv taken education loan in August 2021 for my daughter. That time rate of interest was 8.05pa/ & amount was 20 Lacs and repo rate was 4%. And EMI was 19200 as per agreement. Course duration was one year. From September 21 to September 22. And had one year moritorium period after the course. So last week I go to chk my repayment start date with bank. They told me now ur EMI will be 25800 bcoz now repo rate is increased to 6.5%. So do u think bank can increase EMI like this? Is it a common practice? Then what's the use of freezing EMI earlier?? Kindly advise. Thanks and Regards

Ans: Yes they do it. Speak with your bank see if any reduction in interest rate is possible

(more)

Answered on Sep 02, 2023

Question by PRANJIT - Aug 25, 2023

Hello,Maam i m 46 years old & have equity investment of 34 thousand per month in various MF scheme HOW much corpus can i accumulate in 13yrs as retirement is on 08/2036? My portfolio is as follows 1.canara Robecco small cap fund diret 3000/month 2,Edelweiss midcap fund direct 2500/month 3.Mirae Asset Large cap fund 2500/month 4.PGIM Flexi cap fund 2000/month 5Quant Active fund 2500/month.6,Sbi small cap fund 3000/ month 7Sbi contra fund 2500/ month 8,Sbi magnum midcap fund 2500/ month 9 sbi technology fund 2000/ month 10.Nippon India smallcap fund 2500/ month11Kotak emerging equities fund 3000/ month,12,Hdfc midcap oppurtunities fund 2500/month Moreover my risk appetite is highly aggressive and please suggest any changes required in my portfolio? Thanks.

Ans: You can accumulate a corpus of 1.25 Cr to 1.5 cr by investing 34k in SIP for 13 years, your portfolio is too diversified but it's ok if you can manage so many funds

(more)

Answered on Sep 02, 2023

Asked by Anonymous - Aug 30, 2023

Hello I am 35 years old and want to generate a corpus fund of 3~4 cr in 15 years. My current SIP is 30k a month in the following: KOTAK SMALL CAP FUND - GROWTH - 2500 QUANT FLEXI CAP FUND REGULAR PLAN - GROWTH- 2500 TATA LARGE AND MID CAP FUND REGULAR PLAN GROWTH - 2500 UTI MASTERSHARE UNIT SCHEME - GROWTH PLAN - 2500 ICICI PRUDENTIAL INNOVATION FUND REGULAR PLAN GROWTH - 10000 UTI NIFTY 50 EQUAL WEIGHT INDEX FUND - REGULAR PLAN - 5000 GROWTH BANDHAN EMERGING BUSINESSES FUND REGULAR PLAN-GROWTH -1250 ADITYA BIRLA SUN LIFE GENNEXT FUND-GROWTH - 1250 TATA SMALL CAP FUND REGULAR PLAN GROWTH - 1250 SBI SMALL CAP FUND REGULAR GROWTH - 1250

Ans: Your portfolio is too diversified, if you want 3 crores in 15 years you will have to add SIP 20k to 30k and add it in Large & Midcap Fund, Midcap Fund & Small cap fund and for 4 crore you need to add SIP of 36k to 40k

(more)

Answered on Sep 02, 2023

Question by Manish - Sep 02, 2023

I am 44 married man, what amount to be invested to get 2 crore in 10 years from SIP, currently investing Rs.2500/ montly.

Ans: SIP of Rs 87000/- to Rs 97000/-

(more)

Answered on Aug 06, 2023

Question by LouMal - Jul 20, 2023

I am 45 years, single, female. I have no loans or liabilities.My annual expenses are around 6-7 lakhs. I am currently investing 31k per month since 8 months in Mutual funds . I have 10 lakhs in Liquid Funds, and around 20 lakhs in other investments like PPF, NPS and FDs. I currently earn around 1 lakh/month. I would like to have around 2 crore in the next 10-15 years in investments. What can I do better? I have mentioned my current MF portfolio below: PARAG PARIKH FLEXI CAP FUND - DIRECT PLAN ICICI Prudential Technology Fund Mirae Asset Emerging Bluechip Fund NIPPON INDIA FOCUSED EQUITY FUND NIPPON INDIA SMALL CAP FUND Nippon India Nifty Next 50 Junior BeES FoF SBI Small Cap Fund SBI NIFTY Small Cap 250 Index Fund

Ans: Since you have kept 10 Lakh in liquid funds it's really not important to keep FD. You can continue with NPS. You can change Nippon FOF to Nippon small cap Fund. With the current investment you can make 1.5 crore in 15 years of investment also whenever your income goes up you can increase your investment in equity mutual funds and achieve your goal of 2 Crore

(more)

Answered on Aug 06, 2023

Question by NAGARAJAN - Jul 22, 2023

sir, I invested in Franklin Templeton mutual fund through sip from 2017-19 and and after two years I redeem the amount invested in the mutual fund i.e. below Rs. 45000. Can it attracts capital gain tax and if how much I have to pay. Please help. Nagarajan

Ans: There would be no capital gain Tax

(more)

Answered on Aug 06, 2023

Asked by Anonymous - Aug 05, 2023

Sir I m 35 now. From last year I have started in mf schemes I have all regular plans i.e Nippon india small cap Rs1500/m, SBI small cap Rs1000/m, icici transport and logistics Rs1000/m ,lic large and mid cap Rs1000/m...total 4500 I would like to increase the investment amount total up to Rs 8000/m .for the period of 7-10 years ..plz suggest for good sip plans for wealth creation

Ans: You have selected right funds which will help you to create wealth. You can continue with the same funds and add on in your current SIPs

(more)

Answered on Jul 18, 2023

Question by Sukumar - Jul 14, 2023

I am 65 years old and want to invest in LIC's JEEVAN SHANTI Policy for an amount of Rs.20 lacs. Please advise pros and con of benefits over Bank FD/

Ans: I don't know the features of Jeevan Shanti but what's your requirement. Do you want regular income ?

(more)

Answered on Jul 18, 2023

Asked by Anonymous - Jul 18, 2023

I am 28 years old. My wife and I have started SIPs of 2.5k in 8 diff funds(4 for each) since April, 2023, means we are investing 20k in MFs via these SIPs. Our goal is to accumulate wealth till the age of retirement, i.e 60. So, we want to stay invested for 30-32 years and our target corpus is ~10 Crore. Our funds are as below : My funds : Mirae asset emerging bluechip Kotak Focused Equity Fund Direct Quant small cap Axis Mid cap My wife's funds : HDFC Small cap SBI bluechip Quant tax plan IIFL Focused Equity Fund All SIPs are of direct plans. Can you please analyze whether this portfolio is good or not and suggest accordingly? Also, We are planning to start SIPs in 4 different funds(2 for me, 2 for my wife) for 2.5k in each fund. Kindly suggest funds for that also.

Ans: You can invest in small and midcap funds as your goal is long term. SIP for 30k may give you 10 cr if calculated @12% CAGR

(more)

Answered on Jun 26, 2023

Question by S - Jun 25, 2023

Name of fund Units Rate on Purchase Purchase Single investment 30.4.23 Rate Date SBI Focused Equity Fund Regular Growth 645 217.73 227 4.8.22 SBI Blue Chip Fund Regular Plan Growth 822 61.75 60.84 4.8.22 SBI Multicap Fund Regular plan Growth 34953 10.05 10.59 4.8.22 HDFC Tax Saver Direct Plan Growth Option 40000/- 9.3.20 HDFC Developed World Indexes FundOf Fund 50000/- 21.10.21 HDFC Equity Savings Fund Direct Plan Growth 70000/- 21.10.21 HDFC Nifty Next50Index Fund direct growth 50000/- 3.11.21

Ans: Your question is not clear to me

(more)

Answered on Jun 26, 2023

Question by Rehan - Jun 02, 2023

Hello Sunil Sir. I am 43 years old. My investment horizon is 20 years. From jan 2021 i am doing mf sip of 12000 pm. My purpose of investment is for Retirement. Axis Blue Chip Fund 3000 pm Tata Ethical Fund 4000 pm HDFC small cap 1000 pm SBI Bluechip Fund 2000 pm Icici technology fund 2000 pm Please review my portfolio and advice according.

Ans: Your portfolio is good just be invested for long term

(more)

Answered on Jun 26, 2023

Asked by Anonymous - Apr 27, 2023

Dear Sunil 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 atleast 3-4 times, when they grow up and require for higher education and marriage. 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: If your risk appetite is low/medium invest in balanced categories of mutual funds

(more)

Answered on Jun 26, 2023

Asked by Anonymous - Mar 03, 2023

hi. Shri Sunil ji i m S c. Prabhu, i will retired on 1 st may 2023 at the age of 60 yr.i have total saving fund is Rs.33 lacs in my saving bank.Due to sick unit company has not deposited PF amt since last 10-11 yrs. no gradity also so there is zero amt is expected from my company.so please you tell me how and where to invest this amount so that i can survie myself and my family.

Ans: How much amount you need on monthly basis to survive ?

(more)

Answered on Jun 06, 2023

Asked by Anonymous - May 18, 2023

Hi, I am 56, I would like to create sufficient corpus to retire by 62. I would like to have a monthly income of 2.5 L. My annual income currently is 36 L. Please suggest suitable investment options.

Ans: You need 5crs at the age of 62yrs if you need a monthly income of 2.5L per month
In order to get there in 6yrs , your sip amount has to be about 4.7L per month or a mix of lumpsum and sip since your monthly income is 3L per month so you cannot do a sip of 4.7L per month

(more)

Answered on Jun 06, 2023

Question by Sandeep - Jun 05, 2023

I am a 36 year old working professional in IT Sector. i am currently investing in in the following mutual funds from past 1 year 1. Axis Bluechip Fund Growth - 2000 2. HDFC Flexicap fund - 4500 3. SBI Multicap Fund Regular Plan Growth - 2500 4. Parag Parikh Flexi Cap Fund Regular Plan Growth - 2500 5.Mirae Asset Large Cap Fund Regular Plan Growth - 5000 6. ICICI Prudential Balanced Advantage Fund Growth - 5000 7. TATA Digital India Fund Regular Plan Growth - 2000 8. HDFC Index Fund - 5000 also investing in Kotak ULIP 2,00,000/- per year from 3 years. Do i need to change or buy new. i wants to invest 20K more monthly.

Ans: Hello, as I can see the funds, I would like to suggest the category of funds you should select of your time horizon is 7-10yrs plus
Small cap - 20%
Mid cap -20%
Large and mid - 20%
Multicap -20%
Thematic fund - 10%
Funds of your choice- 10%
Ulip should be invested in by checking the cost of the ulip. If the cost is more than the mutual funds , you can avoid that

(more)

Answered on Jun 06, 2023

Question by Abdul - May 26, 2023

Sir I have a savings of rs 15000 so where can I invest

Ans: Select any mid , small cap fund if your time horizon is 7yrs plus

(more)

Answered on Mar 31, 2023

Asked by Anonymous - Mar 07, 2023

Dear Sunil Lala Sir, I am already 47 Years old with Housing Loan about 1 Crore and wanted to have some retirement plan in 10 years where i can get min 15K to 20K per month , please suggest any guaranteed income and ready to invest 1 Lakh per anum for 5 to 7 years.

Ans: Hello, For long term investing we use Mutual Funds as an asset rather than a guaranteed plan as guaranteed plans over a period of 10-15 years will yield 6-7% whereas a balanced Mutual fund portfolio can yield upto 10-14%. If you want 20K per month as your monthly income after 7 years you need to do an SIP of 30-35K per month for 7 years

(more)

Answered on Mar 31, 2023

Question by PV - Mar 17, 2023

how to get best monthly income for 5000000 rs

Ans: Make a balanced portfolio using mutual funds and start with an SWP of 5-6% depending on your needs and on the portfolio that you create in terms of risk and reward

(more)

Answered on Mar 31, 2023

Question by Khader - Mar 27, 2023

Do pension holders need to file IT returns?

Ans: Yes if your pension is above the IT Filing Limit.

(more)

Answered on Mar 31, 2023

Question by Krutika - Mar 29, 2023

I want to invest monthly 10000 in sip, kindly advise

Ans: The funds will depend on your future requirements and the time duration of your investment.
Generally for a younger age group who has a time horizon of 7 years + , one can invest in small caps, mid caps and thematic funds.

(more)

Answered on Mar 31, 2023

Question by Mansoor - Mar 30, 2023

Hi Sir, I am earning 30L in a year, aged 46 yrs, want to start investment in SIP & in MF to plan my retirement .. Pls guide me in which SIP & MF to invest to get good returns

Ans: Firstly i would suggest you to earmark a particular amount every month from your salary for MF SIP.
Then make a basket of funds such as emergency funds, short term , mid term and long term funds.
The break up can be 5L - 10L in emergency funds kept aside and post that the % can be 20% in small caps , 20% in mid caps, 20% in multi caps, 10% in thematic funds, 20% in large caps and 10% can be optional. Email me for a lenghty discussion on this topic

(more)

Answered on Feb 16, 2023

Asked by Anonymous - Feb 07, 2023

Dear Gurus, I have a SBI max gain Home loan (17Lakh) overdraft facility with monthly emi of 20000, but I have parked the entire amount in the HL balance and not being charged any interest, so the auto EMI deducted from SBI savings account, I manually transfer it back to my savings account every month....is that OK to do? considering I may have to buy any new property in future & during that time I can used this parked money OR should I close the Home loan & stop the auto EMI?

Ans: You can continue with SBI Maxgain & withdraw when you need money for purchase of new house

(more)

Answered on Feb 16, 2023

Asked by Anonymous - Feb 14, 2023

hi, I am G C , I am working in a PSU BHEL since Mar 2010.Birth Month is May 1987.Having a daughter of 8 yrs old. Not much ancestral property. Current Basic+DA is 65000.Company contribution in PF is 8L approx. Only NPS of 50000 annual is investing since 7 yrs for pension.As still 24 years is there for retirement, considering future instability with Govt scheme & health, should I go for higher pension EPS-95 or stick with EPF only

Ans: EPF

(more)

Answered on Feb 16, 2023

Question by Rajesh - Feb 14, 2023

I have bought a house for 27 Lacs in year 2013-2014, I sold it at 1.58cr in year 2022-2023, then I bought a house for 1.12cr in year 2022-2023, let me know if I sell the house at 1.20cr, will this attract capital gain tax?

Ans: Yes

(more)

Answered on Feb 16, 2023

Question by Ravindra - Feb 16, 2023

The sell my property and got profit. I want to invest this profit in Long Term Capital Gain Bonds for 5 years. ( As per IT rules, it should be invested within 6 months from date of sell) Is it necessary to keep this profit in separate account in bank (Long term capital gain account) OR to keep it in normal saving a/c.?

Ans: It can be kept in your savings account

(more)

Answered on Feb 16, 2023

Question by Raghunadh - Feb 06, 2023

I have already invested 15lacs in SCSS with 7.4% interest rate. Can I convert it to 8% interest rate? Can I invest another 16lacs in the sane scheme?

Ans: No you cannot convert to 8 % however you can add further 15 Lakh

(more)

Answered on Feb 16, 2023

Asked by Anonymous - Feb 06, 2023

i bought a property for 2.5 cr in the month of aug and for which i took a loan for 1.5 and rest i pooled money from my investments as downpayment.now i had another property which i have sold for 1.3 cr in dec. now i want a clarification that the capital gains from my sale can be booked in the property purchased in the same financial year or should i use the same money for house construction as the registration for my sale took place in dec, awaiting for your advice - shiju

Ans: You can have a set off of capital gains on the property sold as you have bought a property in the same year

(more)

Answered on Feb 16, 2023

Question by Suresh - Feb 07, 2023

Is 50000 rebate on FD interest to Sr. Cit available in new system

Ans: No it will not be available in new system

(more)

Answered on Feb 16, 2023

Asked by Anonymous - Feb 03, 2023

For a 50 year old who earns 45 L per year. How much should i invest to get 1 lakh per month after retirement

Ans: If the retirement is 60 years than you need to do SIP of 55000 for next 10 years in an equity fund

(more)

Answered on Feb 16, 2023

Question by Mahi - Jan 14, 2023

I need a corpus of 20-30 lakhs for buying a car in next 2-3 years, I can start an SIP of 30000. Can you please help me which fund I should invest in? Is this sufficient to achieve my goal?

Ans: It's not sufficient to achieve your goal of 30 Lakh in 2-3 years with SIP of 30000

(more)

Answered on Feb 13, 2023

Question by Gayathri - Feb 10, 2023

I took a joint home loan for apartment along with by husband in 2018 and were paying pre emi till 2021jan ,in Feb it got converted to emi , possession and registration is yet to be completed by the builder . In this case , how can I claim exemption in this fy ? For emi and pre emi ?

Ans: EMI tax benefits can be claimed from the date the EMI starts, the pre EMI tax benefits are as per IT rules

(more)

Answered on Feb 13, 2023

Question by Sandeep - Feb 11, 2023

I am an employee of canara bank & have availed a home loan in Canara Bank .. my monthly EMI is 25000/- , which gets adjusted to only principal and monthly interest is 31000/- but gets accumulated but not demanded now .. only upon completion of 270 months & principal fully paid , then accumulated interest for those 270 monthly is demanded for payment for further 90 months .. so can i claim tax exemption for 2 lakh interest yearly ..!

Ans: Please attach the copy of the loan sanction letter otherwise it's a grey area to answer

(more)

Answered on Feb 13, 2023

Question by Santosh - Feb 10, 2023

Aadhar card is to be linked to PAN. But aadhar is not required by NRI as per aadhar act. What to do in this case.

Ans: It is not mandatory for NRI to link Aadhar with PAN

(more)

Answered on Feb 10, 2023

Question by Kannan - Feb 07, 2023

For claiming Home Loan Income Tax exemption, the property should be in the name of tax exemption claimer or not? What is the rule for home loan tax exemption?

Ans: The property should be on the person availing loan

(more)

Answered on Feb 10, 2023

Question by Srikanth - Feb 10, 2023

CTC 16.5L. Under 80C saved 1.5L. Pls suggest which tax regime is suit for me old or new.

Ans: New regime

(more)

Answered on Feb 07, 2023

Question by Girish - Feb 05, 2023

What should i do for long term investment

Ans: Invest in equity Mutual Funds

(more)

Answered on Feb 07, 2023

Question by AKSHAY - Feb 03, 2023

FOR SENIOR CITIZEN SAVING SCHEME , THE MAXIMUM AMOUNT ONE CAN INVEST IS RS. 30 LAKHS. CAN ONE INVEST RS.30 LAKHS IN EACH FINANCIAL YEAR?

Ans: No

(more)

Answered on Feb 04, 2023

Question by Atul - Feb 02, 2023

Is new tax regime compulsory? 30% tax above 15 lakh is taxable income or no concession for savings under different sections like 80c, 80ccd, 80d, etc.

Ans: New tax regime is optional. Chapter VI deductions ( 80 c etc) are not allowed under the new tax regime.

(more)

Answered on Feb 04, 2023

Question by Ravi - Feb 02, 2023

Sir my CTC is 40 lac p/a. Should I continue with Old tax regime or opt for New?

Ans: It depends upon individual circumstance as an example HRA, interest on home loan & chapter VI deductions are not allowed in the new tax regime.

(more)

Answered on Feb 04, 2023

Answered on Feb 04, 2023

Question by Hitesh - Feb 02, 2023

Any changes in LTCG & STCG on gains from investments?

Ans: In case of investment made in Market Linked Debentures, upon Sale all gains will henceforth be treated as Short Term irrespective of the period of holding.

(more)

Answered on Feb 04, 2023

Asked by Anonymous - Jan 31, 2023

Sunil sir, What are the career prospects in Financial Planning after completing the CFP Certification?

Ans: It depends what type of career you want to choose

(more)

Answered on Feb 04, 2023

Asked by Anonymous - Jan 31, 2023

Sunil Sir, What is better, buying a house or investing in mutual funds?

Ans: If you are buying second home than investment in Mutual Funds would be a better choice

(more)

Answered on Feb 04, 2023

Question by surya - Feb 01, 2023

what tax rate is applicable on profit from share market

Ans: 10% Long term capital gains i.e where you sell your shares after one year and Short term capital gain is 15%

(more)

Answered on Feb 04, 2023

Asked by Anonymous - Feb 02, 2023

- Sunil sir, What is the time period for long-term finance funds?

Ans: I would say minimum 5 to 7 years but if you are invested for further than yes you make good returns

(more)