Vivek Lala

Answered on Jul 23, 2024

Question by rmingle - Jul 16, 2024Hindi

Hello, Shri Vivekji, my wife purchased plots worth Rs.135000 in August2002 and sold the same at a cost of Rs.1200000 in July2024. whether she will have to pay the income tax if any and how much, please suggest.

Ans: Yes , after indexation the tax will be 20%

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Answered on Jul 23, 2024

Question by P - Jul 18, 2024Hindi

Dear Vivek- My name is Badrinath and i have filed the ITR's of myself ,my wife and my son on 28th June itself and the same is E-verified also. But still its not processed and the refund due to my wife and son not credited. Pl advise.

Ans: It can take upto 3 months for the same , please keep patience

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Answered on Jul 23, 2024

Question by RAJESH - Jul 18, 2024Hindi

I am interested in investing 1 Lakh per month in Mutual Funds. I am 46 years old NRI living in Germany, got good savings in FDs, got flat too with no loan left. Now the plan is to buy the term plan for 4 Crore and Build of Corpse of 7-10 Crores by age of 60 years. Do let me know what is the minimum savings needed per month and i like to know which mutual funds to target. Thanks

Ans: Hey yes its can be done by creating a balanced portfolio. If your time horizon is 7 years plus , you can select the following categories of funds
Small cap 30%
mid cap 30%
multi cap 15%
large and mid 15%
thematic 10%

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jul 23, 2024

Question by Saikat - Jul 21, 2024Hindi

Sir, I had initially started SIP in mutual funds via an agent but I am not happy with his assistance. Now after a considerable period of time I'm confident that I can do so myself. I have started a few direct ones myself, however as for the rest I'm still continuing with the regular plans. Please suggest me a way so that I can transfer the existing plans to direct plans so that I may save on the amount that would otherwise be paid as commission. Since I have build a corpus on the existing regular ones, I don't want to lose money by stopping them or being charged with capital gain tax, in case of STP. Thanks.

Ans: Hello, you can move from regular funds to direct funds by going on the website of individual AMC's selected by you
Guidance is necessary not in the short term but in the long term especially when the markets are volatile and when the corpus is sizeable enough
Also in the last 4 years it's been an easy ride in equities , please make yourself knowledgeable enough to take decisions when the tide changes

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Answered on Jul 23, 2024

Asked by Anonymous - Jul 20, 2024Hindi

Is it advisable to redeem from Mutual funds less than Rs.1 lakh per annum to avoid Long term capital gains tax?

Ans: can do the same to save 10K per year

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Answered on Jul 23, 2024

Question by Anil - Jul 21, 2024Hindi

Sir I have invested in Jeevan Shanti 2 CR for 9 years redemption deferred From 7th year I will get pension of Rs 2 lakhs approx every month My mutual fund investments is Rs 4 CR. I am 55 years old and I. Working Lete more about how to make more new investment

Ans: Hello, you can manage your portfolio in a way so that you get a desired sum of money every month via SWP for the longest term possible factoring in for inflation

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Answered on Jul 09, 2024

Asked by Anonymous - Jul 08, 2024Hindi

Dear Sh.Vivek Ji - I am aged 45, unmarried. I am an honest tax payer and have Salary income as main source of income. To avoid double taxation , can I transfer the balance in my Savings account to my senior citizen mother's accounts. I believe, She shall not be taxed upto the limit of Rs 3 Lacs. Request you to suggest any other avenues where I can create a stream of income for my mother with no tax burden. Also kindly let me know how can I avail EEE benefits and earn decent interest.

Ans: You can transfer money to mom with no limits as she comes under the definition of relatives in income tax
You can invest in MF and start a 5% SWP yearly (withdrawn monthly ) for her monthly expenses
Did not get the last part of your question
You can reach out to me on LinkedIn for any further queries.

https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jul 09, 2024

Asked by Anonymous - Jul 08, 2024Hindi

Hi, I want to understand about SWP mutual fund plan. Lumpsum Amount - 50 lakhs Why SWP- My mother dont get pension so using this amount she get monthly income. Investment duration- Atleast 15 or 20 years. Withdrawal amount - 40000. Her age- 52 years Please help me in clearing below doubts. 1. Best SWP mutual fund. 2. In detail explanation with calculation? 3. What will be STCG and LTCG taxs whenever units are sold every month? 4. How many years the Withdrawal can be done? I have taken health insurance for my mother 10 lakh.

Ans: Hello, whatever is the value of your corpus , your SWP should be 5% of it but you can go as high as 6% which is 25K per month
The swp as per the last 20yrs data, shows that the swp easily continue for the next 20yrs and create a decent corpus at the end of 20yrs
The portfolio creation should be balanced to agressive as the duration of the investment is 15yrs plus
The portfolio can be as follows :
Mid cap - 20%
Small cap - 20%
Multicap - 30%
Large and mid cap - 30%
The STCG LTCG will be as per the gains

Let me know if you have any more doubts or views on my LinkedIn profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.

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Answered on Jul 09, 2024

Question by Mamta - Jul 09, 2024Hindi

Hello Sir I am an NRI and I still have an old SB account in India. I have not changed it to NRO or NRI account. I have a Demat account and investments in demat throgh this SB account. And I am still investing in shares through this demat a/c. Now is it better to change the account to NRI account and also update the demat account or can I continue as it is till I shift back to India?. I am not sure if it is that simple. What are the implications please explain.

Ans: Yes please get your SB changed to NRO , and also open a NRE bank account
All the details will be explained by the bank you are banking with

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Answered on Jun 30, 2024

Question by Debesh - Jun 29, 2024Hindi

I am 79 yrs old and most of my investments are in FD,SCSS,LIC Jeevan Akshay VII and Gold Bond. I can spare about 50,000 to 70,000 which I plan to invest in MF with some risk.Pl suggest the right MF or should I invest in some other.

Ans: Risk is perceived differently by everyone. For short term in equity market risk is the Volatility, but if you increase the duration of your investment ( ideally 7 years plus ), the risk can be downsized or even mitigated as per the historical data. What people don't see is the *Inflation Risk* where the investment made is yielding lesser than inflation rate which in turn depreciates the money. Also Inflation rate mention by government records is the basic Inflation , whereas a middle class person consumes much more goods not mentioned in the inflation basket which inflate at a higher rate that the government mentioned Inflation Rate
Hence your investment portfolio should have a mix of debt and equity
For a person your age, if your time horizon is 7 years plus , you can have a 50/50 split between debt and equity MF

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Answered on Jun 30, 2024

Question by Shyamala - Jun 27, 2024Hindi

I am 66, my annual income is 8 lacs. What are the income tax saving scheme, so that i can exempted from income tax.

Ans: Please go through the options online for tax saving deductions.
According to my opinion, if you don't have any Home Loan or Rent payable , then you should go for New Regime

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Answered on Jun 24, 2024

Asked by Anonymous - Jun 17, 2024Hindi

I am 32 years and I have one daughter who is 2 year old. My monthly expenses are around 1 lakh including Emi, insurance and general expenses. We have 1 lakh surplus to invest. So far I have not invested in equity recently I gained some knowledge and looking forward to invest. What are some mutual funds I should consider to invest in Sip mode? Few funds I'll withdraw in 2028-30 for home and rest I'll continue to invest till my daughter higher education.

Ans: Hello, as per the data given , these are my suggestions :
1) Mid cap - 30%
2) Small cap - 30%
3) Multi cap - 20%
4) Thematic fund - 10%
5) Equity hybrid fund ( emergency fund ) - 10%

If everything is as mentioned , you should have about 1.08crs at 13%
You can aim to have a house worth 2crs - where in you can take a loan of 1.2crs for 15yrs
Where in your break up will be as follows :
Own contribution - 80L
Stamp duty - 12L
Interior cost - 25L
Loan - 1.2crs

In order to have a buffer , you should start investing more as and when your salary goes up

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 24, 2024

Question by Vivek - Jun 22, 2024Hindi

i am a retired PSU employee and in FY 2324, have incomes from EPFO pension, interest on deposits, sale of mutual funds and presumptive income on account of consultancy/Technical services.Confused which ITR form shud I chose to submit ITR.

Ans: ITR 2

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Answered on Jun 24, 2024

Asked by Anonymous - Jun 23, 2024Hindi

I am 50 year old retired person.I have fd of 2 cr ,50 lacs gold,12 lacs stock ,15 lacs mutual funds 10 lakhs in govt bonds.I need 1 lakh monthly income to sustain myself.Please.suggest how to invest so to get regular income.

Ans: Hello, glad to see that you have retired at the age of 50yrs
According to me , you can have the following strategy :
Mutual funds - 2.27crs
FD for emergency money - 25L
Gold - 20L
Stocks ( super aggressive ) - 15L

Your Mutual fund can have SWP started of 1L per month which is about 5.3% per annum
Funds that can be selected for the mutual fund portfolio :
1) Mid cap - 30%
2) Small cap - 30%
3) Multi cap - 15%
4) Large and mid cap - 15%
5) Equity Hybrid fund - 10%

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Let me know if you want more clarity for the same on my LinkedIn Profile
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 20, 2024

Asked by Anonymous - Jun 18, 2024Hindi

Hello sir, I am 23 years old, just graduated and starting my first job next week. I will be earning around 90k per month and I live at our own house (so no rent). I am planning on investing in MF but don't know where to start or how much to invest. Our monthly expense is roughly 20k and I also have an education loan which I have to start paying soon. I have a goal of saving 1 cr before 30. Kindly let me know where to invest and how much to invest.

Ans: Hello, glad to know that you are interested about investments at such a young age
Assuming 90K is your pre tax income , you will get around 80K in hand post taxes and post EPF
If your house expenses and education loan is 20K + 20K ( assuming ) = 40K , you have an investable surplus of 40K
You can follow the below strategy that I often use for young investors :
Mid cap - 30%
Small cap - 30%
Multi cap - 20%
Emergency Fund ( Payment of term insurance premiums , medical insurance premium and travel fund ) - 20%

If you keep doing this for the next 7yrs and utilise the entire emergency fund on the way, you shall accumulate Rs.44L by the age of 30yrs at 13% XIRR.

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Do let me know your thoughts on the same
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 20, 2024

Question by Girish - Jun 18, 2024Hindi

Can you please advise SIP in mutual fund. i can take moderate risk. i want to invest 2000 Rs every month and increase it by 500 every year for next 15 years for my retirement.

Ans: Hello, I am glad you want to start investing in mutual funds
In order to decide the SIP amount, you first have to decide your retirement corpus. Based on that you should back calculate the SIP amount
If the SIP amount is below 10K , you can select any of the 2 funds from mid cap , small cap and multi cap.

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Answered on Jun 19, 2024

Question by KUSHAGRA - Jun 18, 2024Hindi

I am 44 years and having SIP investment corpus of around Rs. 15 lakhs...I am investing Rs. 82500 in SIP on a monthly basis. The SIPs in which I am investing include Small Caps - Quant, Axis, HDFC and Canara Robeco; Mid Caps - HDFC Opportunities, Kotak Emerging Equity, Mirae Asset; Large Caps - Axis Bluechip, Mirae Asset; Flexi Caps - Kotak & Parag Parikh; Multi Caps - Kotak & Nippon; Multi Asset - Aditya Birla Sun Life; Tax Saver - Quant ELSS; Technology - Tata Digital India & ICICI Prudential. I want to know if the strategy of investing in so many funds and in different types of schemes correct or do I need to modify my allocation. Apart from these SIPs in Mutual Funds, I am also contributing Rs. 2000 thru monthly SIP in PPF and around 15000 per month in NPS.

Ans: Hello, according to the data given by you , i shall share my thoughts as to how would i construct a portfolio which has a time horizon of 7yrs plus with no emergency fund ( emergency fund is seperate from all this )
Amount that is invested per month = 82500 + 2000 + 15000 = 99500
Mid cap - 30% = 30K ( split in 2 funds )
Small cap - 30% = 30K ( split in 2 funds )
Multicap - 20% = 20K ( split in 2 funds )
Thematic funds - 10% = 10K ( one fund )
PPF - 1K
NPS - 5K
3K remains which can be added in any fund of your choice

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Write to me on my LinkedIn profile for further clarifications if any :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 19, 2024

Question by Satesh - Jun 19, 2024Hindi

Sir what about Hdfc deffence fund ,i am planning to invest five thousand SIP for next 10 years and five thousand in HDFC multi cap fund for next 10 years . Kindly suggest .

Ans: Hello, I prefer to take some exposure in thematic funds after a person has created enough capital in basic funds like mid cap , small cap , multi cap , etc as these funds are bottom up approach whereas thematic funds are top to bottom approach. Hence themes should only be 10-15% of your portfolio and should be reviewed or watched closely.
If you intend to do an sip of 10K , you should add 3k in mid cap , 3k in small cap , 2k in multi cap and 2k in defence fund.

Let me know your thoughts on the same
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 16, 2024

Asked by Anonymous - Jun 13, 2024Hindi

Hello Sir, I am 40 years old and live with my wife and 2 kids. I have 2 houses debt free now and I earn around 5 lakhs per month excluding tax and my monthly expenses including everything is 2 lakhs approx which comes to 24 lakhs yearly.I am still left with 3 lakhs per month i.e. 36 lakhs yearly. Kindly suggest options to invest as I am looking for minimum 10 crores by the age of 60 years and retire. My risk taking capabilities are high. Thanks

Ans: Hello, good to know that you have achieved a lot at the age of 40 years and are eager to learn more about growing your money
With a net income of 5L per month and 3L cash in hand left after expenses you can follow the following to create a good corpus in the future
If you invest only 3L assuming your income is the same, you will have about 33.99crs by the age of 60yrs ( assuming a XIRR of 13% )
You can create an emergency fund of 20K SIP , stop this when you reach a 12L, rest you can invest as per follows
Small caps 40%
Mid caps 40%
Multi cap 10%
Thematic + foreign exposure 10%

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Do share your view with me on my LinkedIn Profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 16, 2024

Asked by Anonymous - Jun 13, 2024Hindi

Have invested 20k each in Paragparik flexi cap fund and hdfc flexi cap direct plan how many years should i keep investing in these funds and how much returns can be expected Any other suggestions for investments will be helpfull

Ans: Hello, I am assuming that you have selected the funds on the past performance or the risk associated with the funds
Before selecting a fund, you should see if it can fulfill your goals in terms of the returns expectation and the duration for which you want to invest for
Both the funds are good if they fulfill your requirements , they are not satisfactory if your needs are different
For a duration of 7 years plus , you can select the following categories of funds for SIP :
Small cap 30%
Mid cap 30%
Multi cap 15%
Large and mid 15%
Thematic + foreign exposure 10%

Do write to me on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 16, 2024

Question by Karth!K - Jun 15, 2024Hindi

Hi, i have mutual fund of 14 Lakh with annualized return of 20%, and this is combination of multiple funds like small, mid, large and flexi. Every month i am investing 5k in each fund total monthly mf investment is 30k. Recently i noted that i have many fund in regular instead of direct. I started this mf sip without any base knowledge so that time i was not aware that what is direct and regular. Now, i have some exposure on this, i want to switch this regular fund to direct, is that possible, if yes, what needs to be done. Few of them are Elss fund so if I switch, then do i need to serve the waiting period and if I switch exit load and other charges applicable which will reduce my over all portfolio growth. Kindly help me handle this. Thank you

Ans: Yes you can switch from regular to direct after talking to your advisor , he can help you with the same
Yes ELSS funds have a lock in period of 3 years from the date of investment
Exit load should not apply after 1 year, so no exit load on your ELSS funds

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Answered on Jun 01, 2024

Asked by Anonymous - May 30, 2024Hindi

I am 40 years old. My salary is 35000/month.I have my own land for home and LIC for 3000 per month but no diposited amount. What to do?

Ans: Please be specific as to what do you need the help for , investments or taxation ?

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Answered on Jun 01, 2024

Asked by Anonymous - May 30, 2024Hindi

Hi, I am 57 yes old. Just retired with 8 Cr corpus. My wife has been a housewife and many investments are in her name. We'll have a joint income of 28 LPA. Should we file tax separately or jointly? If we split the income, can we enjoy lower slab rates?

Ans: Hello, the tax slabs will depend on the nature of income you both have
For detailed analysis , you can write to me on LinkedIn with exact break up of amounts
LinkedIn Profile - https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jun 01, 2024

Asked by Anonymous - May 31, 2024Hindi

Hello Ramalingam Sir, My brother lost huge amount in stock trading. He has to sell his house, gold and other assets to repay the loans. Still, he has huge debt to be cleared. i kept on supporting him from long back. i supported small amounts to him multiple times. Now, he needs around 15L to clear his debts and i decided to give that amount considering his family and kids. In his childhood my brother supported my parents financially. Considering all these, i decide to help him by giving these amount to clear his debts. Can i transfer these 15L to his account through NEFT or RTGS? will these be taxable? these 15L are out of savings from my salary and my wife salary. Thanks.

Ans: Hello, you can transfer any amount to your brother from your account to his and it's not taxable

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Answered on May 19, 2024

Asked by Anonymous - May 14, 2024Hindi

HELLO SIR IM A BCOM GRADUATE WITH CA INTER QUALIFICATION AND DOING CA FINAL .. I WOULD LIKE TO EARN MONEY ECSPLY THROUGH ITR ;GST ;TDS FILING . CAN U PLS GUIDE ME ..how to earn money through GSTR FILING

Ans: Hello, please focus on your articleship and learn as much as possible. Once you become CA, the possibility to make money is endless, but getting the degree and the knowledge should be your first priority
You can connect with me on LinkedIn to get more guidance on the same
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on May 19, 2024

Question by CHANDRASHEKHAR - May 14, 2024Hindi

Which Mutual Fund can give me good monthly income to meet home needs

Ans: Hello, depending on your age , corpus , active income and duration of the investment the above question can be answered
If you have active then you don't need any cashflows from mutual funds, but if you don't have any active income then the thumb rule for SWP can be 4-6% of the corpus. If you maintain this with a balanced portfolio, your portfolio will give you good results over a period of 10-15-20yrs

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on May 19, 2024

Question by Bhogu - May 15, 2024Hindi

Sir- In the present days of the volatile market please let me know whether opting for growth or dividend pay is advantageous while applying for MFs.

Ans: Hello,
Never go for dividend options , if you need monthly cashflow from mutual funds then please go with the option of SWP - Systematic Withdrawal Plan under growth option as its better in terms of taxation

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Answered on May 19, 2024

Question by Swapnil - May 19, 2024Hindi

Requirement - 2 crore Time - 30 years Risk - Moderate Sir based on above requirements please suggest - 1. How much amount of SIP do I need to done 2. In which fund I need to invest to get the required amount.

Ans: In order to get to 2crs your sip amount has to be Rs.5800 for the next 30yrs
Risk in equity markets is the volatility that you see in the short term, due to the longer duration of your investment that risk gets mitigated
The funds that you can select are as follows :
Small cap 30%
Mid cap 30
Multi cap 20%
Large and mid cap 10%
Thematic funds 10% ( can be changed as per requirement )

Generally the investment amount should be 30% of your gross salary to get to your goals faster , so if you can do a higher investment per month, you should aim for that
Do let me know yours views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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1

Answered on May 19, 2024

Asked by Anonymous - May 16, 2024Hindi

I am 27 year old not married earning 30 k per month in tuer 2 city. I just strated investing 5k per month in MF and have a loan of about 1.5 lakh. I can save more money where can i invest it for long term. Should i first close my loan or invest ?

Ans: Hello, the decision of loan vs investment depends on the ROI of your loan
If your loan is at 12% or above , please close off the loan first and then start investing
To finish or pay off your loan faster , start saving as much as you can in a liquid / debt fund and pay it off using that savings done

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Answered on May 19, 2024

Asked by Anonymous - May 16, 2024Hindi

Have a lumpsum of 2 lacs which mutual fund should I invest

Ans: Hello,
If your horizon is long term which is 7yrs plus, you can invest 1L each in a mid and small cap fund using an STP of 10 weeks as it will stagger your investment and use the volatility that is caused by the elections
If everything is good for the economy after the elections, you can put the entire amount as lumpsum which is left in the debt fund after 2-3 weeks

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Answered on May 19, 2024

Question by UNNIKRISHNAN - May 16, 2024Hindi

Sir, I had bought a house in march 2021 for 93L , then in December 2023 I sold my 38yrs old house for 74L , this money was used to pay my balance amount of my new house. I would like to know whether any capital gain tax will be applicable to me. Thanks

Ans: Hello, as per the dates mentioned, you cannot avail any capital gains benefit for the two transactions done
Your tax liability for the house sold in Dec 2023 will be calculated after the CII value of the house is derived

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Answered on May 19, 2024

Asked by Anonymous - May 18, 2024Hindi

I am 45 year old . Invested in mutual funds from last 5 years and my corpus is 88 lakh and a FD of Rs. 20 lakh. I am investing regularly 1 lakh every month in MF. Want to make the corpus of 5 Crore at the age of 50. I am invested in Mid cap and small caps fund. Plz suggest me that i want to break the FD amd wanna invest in MF lumpsum. Is it right.

Ans: Hello, good to hear that you have been investing in the equity markets via mutual funds for the last 5 years and made consistent returns of about 15% XIRR.
You can get to 5crs at the current pace by the age of 55yrs , if you want to get to 5crs in the next 5yrs then you can make the following additions to your portfolio :
1) Move 10L from your FD's to Mutual funds
2) Your SIP amount has to be a total of 3.9L instead of 1L
3) You can make a little aggressive portfolio compared to the current one by talking to an advisor

Attaching my LinkedIn profile in case you have any further question for the above suggestions

https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on May 02, 2024

Question by K - Apr 22, 2024Hindi

Iam aged yrs 85+.I get monthly PENSION from central government. What are the benefits of investing in SBI MUTUAL FUNDS!

Ans: Hello, investing at this age is to create a corpus to pass it on to the next generation
Benefits of investing in mutual funds in a very simple manner for a person your age :
1. 100% liquid
2. Easy succession planning
3. Superior returns compared to other assets
4. No effects of volatility on the portfolio as assuming this money will be for the next generation

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on May 02, 2024

Question by Kamal - Apr 24, 2024Hindi

I have sip of 25 K each in the following 1. Quant tax plan 2. Quant flexi cap 3. Quant mid cap 4. Quant small cap Would you advice any modifications

Ans: Hello, as per the funds selected, it seems that you are selecting funds on the basis of the past returns and not as per your requirements
Always diversify in terms of the fund category and also AMC wise
You can select 2AMC's and split your sip's accordingly
In case you don't need any tax deductions , you can change your ELSS fund to a mid cap or a small cap

Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.

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1

Answered on May 02, 2024

Question by Keerthi - May 01, 2024Hindi

I'm 27 with monthly in-hand salary Rs.37,000 with an expenditure of Rs.15000 for family I'm confused on how to secure my future financially. Could you please suggest some mutual funds with low risk and high gains I can invest in or any other better investment options

Ans: Hello, the thumb rule as per me for long term investments should be 30% of gross salary to be financially independent in 15yrs from starting the investments.
As far as investment risk and returns go , no high return investment is low risk , risk is a point of view which differs from person to person, It is always a good idea to consult with a financial advisor in person.
Suggestion of funds :
small cap 30%
mid cap 30%
multi cap 30%
large and mid 10%

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Answered on May 02, 2024

Question by K - May 01, 2024Hindi

I sold my property at Nagpur during November2023 for Rs.44.5lacs. Rs 40k was paid towards brokerage. Iam planning to invest the money either in Real estate or some tax saving bonds during the current financial year.Now, will this amount has to be reported as income for FY2023-24 and tax to be paid even though a 2 year indow is available for reinvesting ?

Ans: Hello, purchase the new house within 1 year before the date of land sale or within 2 years after the sale.
In case of tax saving bonds , the time duration is within 6 months of sale of property
My views on investing in a property to rent out or investing in bonds :
Always pay the tax and invest in a diversified portfolio of mutual funds in order to generate higher returns and to have full liquidity available at all times.

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on May 02, 2024

Question by Deepak - May 02, 2024Hindi

I have started 50k sip for 20 years Target. Are these funds good for my goal? Mirea asset large&midcap fund - 5k Mirea asset elss fund - 5k Motilal oswal large&midcap fund - 5k Quant asset elss fund - 5k Axis small cap fund - 5k Icici pru value fund -5k SBI contra fund -5k Hdfc midcap opportunity -5k Parag Parikh flexi cap fund - 10k

Ans: Hello ,
As per the funds mentioned, I would firstly like to say that you don't need elss funds unless you want to save taxes under 80C
Your split of 50K can be as follows for a duration of 20yrs
Small cap - 25%
Mid cap - 25%
Multicap - 20%
Large and mid cap - 20%
Value fund - 10%
Can add thematic based funds as and when you spot an opportunity

Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.

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Answered on Apr 14, 2024

Asked by Anonymous - Apr 11, 2024Hindi

Hi just now I started to invest in mutual fund. I want to know mf which i selected are good to get good returns or not. If not please advice me to switch for the better one after a year 1. Parag flexi cap 2500 pm 2.hdfc large and mid cap2500 pm 3. Nippon multicap 2500 pm 4.Icici prudential bharat 22 fof 1000 pm 5. mirea asset mid cap2500 pm 6.Axis small cap pm And how long will take a good return

Ans: Hello,
Assuming you are a long term investor, you can change FOF to a mid cap fund. Other categories of funds looks okay

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on Apr 14, 2024

Question by Karthikeyan - Apr 11, 2024Hindi

Hi Sir I am 50 years old employed in a private firm, I am having a fund of Rs 5L, please suggest how and where to invest for good returns

Ans: Hello,
IF you are looking for a long term investment which is 7 years plus, then you can split the 5L into the following categories of funds , and since the markets are a little high , you can do a STP of 20 weeks for the same ( STP - Systematic Transfer Plan )
Mid cap - 1.5L
Small cap - 1.5L
Multi cap - 2L

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on Apr 14, 2024

Question by Monisha - Apr 13, 2024Hindi

Hdfc small cap-1000,Nippon small cap_ 1000, hdfc nifty fifty -2000, icici bluchip- 2000 last 5 month I'm investing in mutual fund is this ok to continue or anything need to change please guide me

Ans: Hello,
as per the funds mentioned you can change the bluechip fund to a mid cap fund if you are looking to invest for 7yrs plus

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on Apr 14, 2024

Question by Kasi - Apr 14, 2024Hindi

Hello, I'm considering investing ?2 lakhs fixed deposit in a mutual fund for my 8-month-old child, with a tenure of 15 or 20 years. Could you advise on the expected returns at the end of this period?"

Ans: Hello, you can expect a return of 12% for a long term investment ( as per SEBI Rules )

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Answered on Apr 14, 2024

Asked by Anonymous - Apr 14, 2024Hindi

I am investing in 6 mf as sip: 1. Tata digital india--- 5k 2. HDFC Balanced advantage--- 7.5k 3. SBI contra--- 5k 4. PP flexi cap--- 10k 5. Mirae asset large & midcap--- 12.5k 6. Axis smallcap--- 10k Pls scan and advise

Ans: Hello,
As per the funds, i am assuming you are bullish on Technology sector , with BAF being for short term goals and other funds for long term. My suggestion is that you can add a mid cap fund instead of large and mid cap category

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on Apr 01, 2024

Asked by Anonymous - Mar 30, 2024Hindi

How to get 2001 guideline value of my flat in Mumbai ?

Ans: Hello, you can get a valuation report for the same from a registered valuer

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Answered on Mar 24, 2024

Question by Krishnamurthy - Nov 29, 2023Hindi

I have Rs. 10 lakhs that I can invest for three years and a further Rs. 5 lakhs that I need after one year. I am looking for safe but better than bank fixed deposit return. Can you kindly give specific suggestions?

Ans: Risk and return are directly related. Less risk = less return and vice versa
So if you want more returns than FD then you will be adding more risk to your portfolio
Since liquidity is most important in your case , you should stick to less risk and for the 5L you can add some debt funds and take the advantage if the rate of interest falls

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on Mar 24, 2024

Question by Mohan - Nov 21, 2023Hindi

Hi I am 61 and have a corpus of 1.1Cr. Can I get 1L per month by investing it in fairly safe instruments? I currently have the money in FD and a few mutual funds but not getting close to 1L per month. This is Mohan

Ans: Hello Mohan, firstly I want to address the point of safety that you spoke about - Safety is a point of view and has a different definition depending on how you look at it. For example you might find FD's safe and equity mutual funds are not safe whereas i think FD's are not safe and mutual funds are safe if my time horizon of investment is 7yrs plus ( accounting the inflation in this case )
The thumb rule as per me to get a SWP is 6% of your corpus, so you shall withdraw 1L a month from your portfolio if you have a corpus of 2crs

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2

Answered on Mar 24, 2024

Asked by Anonymous - May 24, 2023Hindi

Dear Mr Jha... I have recently taken a mediclaim policy at the age of 50 along with my daughter who is now a major. Because I have taken it late, the premium is high. We are on a family policy now. Does it make better sense for us to have separate policies so that she gets the benefit of a lower premium?

Ans: Hello, the medical insurance policy premiums get revised in two cases : One at the time of increase in premiums by the reinsurer and second by the increase in age and they get revised at the interval of 5yrs i.e 30,35,40,45,50,55,60 and so on for the rest of your life ( there is an exception in the industry today for this as well )
If your daughter is seperated from your policy , the premium will go up rather than going down as now you have a family floater and post the seperation you will have individual policies which will be more expensive

PS : Please have adequate medical insurance with the least amount of capping in any case to get the full benefit of claim at the time of hospitalization

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Answered on Mar 24, 2024

Asked by Anonymous - Feb 13, 2024Hindi

Hi - I will pay housing rent of 80000 per month starting April 2024. 1. I learnt that above 50000 per month tenant needs to deduct tds and provide receipt to landlord. Is this correct? 2. Can you please guide me as to when should I deduct tds? Can it be paid start of contract or every month or end of contract? 3. Also to confirm when I pay tds online then I do not need a TAN but only PAN of landlord?

Ans: Hello, yes you are right, any rent paid above 50K TDS needs to be deducted
Giving answers as per the question numbers :
1) Yes
2) Monthly
3) Start
4) PAN is required of the Landlord

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Answered on Mar 24, 2024

Question by Vijay - Mar 14, 2024Hindi

hi Vivek, at age 50 years is it ok to invest in NPS fund for getting regular pension say after 10 years ?

Ans: Hello, NPS is an instrument to save tax according to me
Investments should be super liquid, and since NPS is not liquid till retirement, you can choose Mutual Funds instead of NPS

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Answered on Mar 24, 2024

Question by Shashikant - Mar 18, 2024Hindi

Hello !I am 57 year old.want to invest 5 Lac to get monthly return .Please suggest ?

Ans: You can go for funds like large and mid cap and multi cap equally divided if your time horizon of investment is 10yrs plus and the SWP amount should not be greater than 6% every year.

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Answered on Mar 24, 2024

Asked by Anonymous - Mar 23, 2024Hindi

This is regarding TDS cut by my company. For availing HR, my company is asking for rental agreement. Though I made a 11 month agreement initially for 2020-21, subsequent months I have continued by mutual consent without making agreement on paper. Now I need to produce agreement for 23-24 which I am unable to. How to claim HR benefit. All rental payments were done online thru bank to bank transaction

Ans: Hello, the three important proofs required to claim benefit under HRA are House Agreement, Bank transfer proofs and receipts of payment received by the landlord. If any of the 3 are missing, the deduction cannot be claimed as per the rule.

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