Vivek Lala

Answered on Sep 11, 2024

Question by Piyush - Aug 31, 2024Hindi

Dear sir, i have got the shares in oct 23 after death of my brother as a i was nominee in dmat account . Now if i sell the shares and do charity, do i have to pay tax ? How to calculate cap gain tax as i do not know his purchase details

Ans: First the shares have to be transferred to your name and then you can sell the shares and pay tax
Yes tax has to be paid if any

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Answered on Sep 11, 2024

Asked by Anonymous - Aug 31, 2024Hindi

Sir, Assessess own commercial property rentals income from customersrs for functional hall rs:30 lacs f.y.23-24 Question: Assessess sec 44ad opt presumptive scheme eligibility or not

Ans: For any rental income, it has to be considered under rent and not professional income

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Answered on Sep 11, 2024

Asked by Anonymous - Sep 10, 2024Hindi

I am a student and I'm planning to take an educational loan of 20 lacs and then invest 12 lac in mutual funds to clear the loan amount after 5 years so is it fine to have that decision?

Ans: Hello, that can be a good idea on paper, provided you know that you will get a job after 2 years of studying and you can start with your EMI immediately. Just to put it in numbers :
Loan amount after 2 yrs at 9% - Rs.2376200
EMI will start after 2 yrs , lets assume you select 5 yrs, so the total interest cost will be - Rs.583360
Total Interest = 959560
Value of 12L after 7yrs at 13% cagr = Rs.2823126

VS the second option of taking a loan of 8L and having the same scenario , the interest cost will be = 150480 + 233409 = 383889

Hence by taking a loan of 20L and investing 12L in equity MF for 7 yrs total is a much more beneficial option

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 Aug 25, 2024

Asked by Anonymous - Aug 23, 2024Hindi

So I have 5000 to invest for SIP and I see things like keep 2000 for large cap and 2000 for flexi and 1000 for large or mid cap.My question here is Should these amounts be invested in one mutual fund only , like 2000 for one large cap or I could do 1000,500,500 for 3 large caps and similarly for other two types also. I should invest 2000 in one flexi cap or same amount in 2-3 flexi caps. Which is a better option

Ans: Hello, there are multiple options of funds in mutual funds to be invested in. The selection of funds depends on your duration of investment , understanding of the volatility of the markets which in turn will make your funds volatile depending on the category of funds.
According to me if your time duration is more than 7 yrs , you can do the following ( assuming your emergency corpus is taken care of ) :
Small cap - 2000
Mid cap - 2000
Multicap - 1000

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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1

Answered on Aug 25, 2024

Question by PK - Aug 22, 2024Hindi

sir, I,am ,Kumaraswamy a central Govt pensioner.I am filing my ITR regularly.Now I want to construct a house by withdrawing 30 lakhs from my retirement savings. How to justify and show this amount in my nest income tax return.

Ans: You can withdraw any amount as its tax paid money , so nothing to be worried of
You can do as you please with your savings or investments

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1

Answered on Aug 25, 2024

Asked by Anonymous - Aug 23, 2024Hindi

i have 5 lakh with me want to invest and that invest work as my second income please suggest.

Ans: Hello, you can create a balanced portfolio in mutual funds by selection 2 funds for the same
One can be a multicap fund and other can be a large and mid cap fund 50% each
Your SWP amount should not exceed 6% of the corpus invested
Also if you have active income and don't need any passive money, you should defer the SWP as per the cash flows

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1

Answered on Aug 22, 2024

Asked by Anonymous - Aug 19, 2024Hindi

Hello Sir, I have been investing into Bajaj ULIP from my NRE account for 5 years, which ended in Dec '23. The maturity is after 5 more years (by 2029). Can I cancel the policy in between as i wish to use that amount to make a down payment for an apartment. The capital gain as of today over my invested amount is little over 7Lakhs. If i withdraw that amount into my NRO account what are the TAX implication and how should I file it?

Ans: Hello, the ULIP can be redeemed after 5yrs anytime and the money received will be based on the NAV of the fund selected by you
No tax implications in India as the investment is in ULIP, you have to ask your CPA or your accountant for the tax liabilities in the country of working

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Answered on Aug 11, 2024

Question by PATEL - Jul 02, 2024Hindi

Hello sir, My wife had an income from Share trading and interest received from loans given to relatives up to 2,95,000 plz suggest which itr form will be filed.

Ans: Hello, ITR 2 is to be filed

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1

Answered on Aug 11, 2024

Asked by Anonymous - Jul 09, 2024Hindi

Hello in 2022 my grand father passed away I got 7lakhs from his post office acc and I withdrew 2.4lakhs from his bank account but I dint filed itr that year and I filed my itr this year. Will there be difficulties in future with that amount and was it taxable?

Ans: Hello, as per the data given , nothing seems to be taxable as its all below the taxable limit

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2

Answered on Aug 11, 2024

Question by NARESH - Jul 11, 2024Hindi

I have taken loan from relative and will be paying interest to him at bank rates. Can I claim this as expense in ITR?

Ans: Interest can be taken as expense if you are having business income

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Answered on Aug 11, 2024

Asked by Anonymous - Jul 19, 2024Hindi

Want to know whether the one lakh exemption limit is now not available on LTCG Equity oriented mutual fund redemption gains (AY 2024-25) per 112A.

Ans: AY 24-25 is 1L , for AY 25-26 its 1.25L

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Answered on Aug 11, 2024

Asked by Anonymous - Jul 23, 2024Hindi

Hi Sir..I am working as Assistant Manager in Odisha in khordha district central cooperative Bank (DCCB). It is under Odisha state cooperative bank (OSCB) and works as per coperative act odisha 1962 and in accordance with NABARD and RBI. we have a board which makes all the decisions. In FY 23-24 I invested frequently in FNO and INTRADAY Trading.. recently i came to know that govt. employees are not allowed to do speculation as per law. Does this rule applies to cooperative banks ? am i gonna be in any trouble. ? and how to show FNO and Trading while filing income tax returns ? Kindly guide me Sir.

Ans: I don't think so there is such rule against FNO trading.
It is advised not to be done if you are doing it part time , if you are interested please learn about it and do it full time rather than part time
FNO and intraday trading is taxed under business income

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Answered on Aug 11, 2024

Question by sg - Aug 02, 2024Hindi

I HAVE PURCHASES A HOUSE 1600000/- + 200000 REGISTERY EXPS NOW I WANT TO SELL AMOUNT HOUSE 3000000/- HOW TO SAVE CAPITAL GAIN PURCAHSE YEAR 2014 AND SELL YEAR 2024

Ans: The tax implication will be 1.3L , which according to me you should pay and invest the money in liquid assets for your future money needs. You can create a balanced portfolio of mutual funds and take a 6% SWP at max from the portfolio created
Do read my latest post on LinkedIn for 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 Aug 11, 2024

Question by Vijay - Aug 05, 2024Hindi

My brother owns a house with current value of 50L in which he is not staying. And I have 50L mutual fund and do not have liquid money to transfer. Can he transfer property in exchange of transfer of mutual fund? Is transfer of mutual find possible to another person? Is gifting possible between siblings with no tax implications? Is there a way to achieve minimal tax and what would it be for both of us?

Ans: Yes its better to transfer or gift mutual funds as the tax implications on gain will be in your hands at redemption
In case of sale of house , you will have to make gift deed and other documents which will have costs

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Answered on Aug 11, 2024

Asked by Anonymous - Aug 10, 2024Hindi

Sir I'm Bams Dr age 26 yrs income approx 1 lakh per month. just want to know which is better mutual fund or individual stocks and also gold or silver and physical or digital which one is best for 20 yrs perspective.

Ans: Hello, mutual funds are equities but managed by a professional. Stocks are good if it's your full time job. Since you are a doctor , it's advised to invest in mutual funds
Gold and silver should be for consumption and not for investment unless you are in a wealth preservation mode rather than wealth creation mode

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 Aug 11, 2024

Question by Shammsunder - Aug 10, 2024Hindi

I'm looking to accumulate the funds of 2 crore through mutual funds in next 5 yrs. Kindly guide n suggest through investment plans.. Shammsunder nikam

Ans: Hello, there are 2 ways to invest money in mutual funds , one is SIP's and other is Lumpsum
If you have an active income, then your sip amount should be 2.38L to get to 2crs in 5yrs @13% xirr
If you want to invest a lumpsum amount then your investment has to be 1.08 crs to get to 2crs in 5yrs at 13% cagr

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.

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 Aug 11, 2024

Question by Gardenia - Aug 11, 2024Hindi

Need 5 lacs investment in lumpsome mutual funds for 15 years. Suggest.

Ans: Hello, this depends on your age and other investments done by you
But since your time line is 15yrs , you can go for an aggressive portfolio
Mid cap - 40%
Small cap - 40%
Multicap - 20%

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 Aug 11, 2024

Question by Anil - Aug 11, 2024Hindi

Sir Recently my father (aged 73yrs) sold a property which belong to him. He to amount of Rs 25 lakh in his bank account. Will he have to pay capital gain in this case ? if No then its fine if yes then how much ? and suggest proper measures to nullify the capital gain tax. Thank you

Ans: Hello, if property is sold , then yes he definitely has to pay tax on it at 20% after indexation ( consult a CA as he will give a much precise answer in terms of tax outflow once you give him all the details )
There are multiple ways to save taxes , but my suggestion would be to pay taxes if any and to invest that money in an asset which yields good growth or a decent monthly income with growth and liquidity since your father is 73yrs old
In case of investments in Mutual Funds , you can select the following portfolio options for a retired person :
Equity hybrid - 20%
Large and mid cap - 30%
Multicap - 30%
Mid cap - 20%

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 Aug 10, 2024

Asked by Anonymous - Aug 08, 2024Hindi

Sir, it assessess sec 44ada provision profit declared 50 percentage itr returns filed f.y.23-24 after revised returns lower profit with books of accounts maintained tax audit itr filed allowed f.y.23-24

Ans: Yes , if there is a valid reason for the same

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1

Answered on Aug 10, 2024

Asked by Anonymous - Aug 09, 2024Hindi

Sir, It assessess taxable income below rs:3 lacs and cash Gift from father rs:20 lacs amount through on bank channel f.y.23-24 Question: Assessess itr returns filed mandatory 2.cash Gift from family members how many times gift received one finical year allowed in it act

Ans: Yes return needs to be filed
No limit on gift received from relatives as per the income tax definition , but make sure the money received as gift is tax paid money by the person who is transferring it to you

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1

Answered on Aug 10, 2024

Asked by Anonymous - Aug 09, 2024Hindi

sir, A individula assessee personal expenses(house hold expenses) rs:6 lacs show in books f.y. 23-24 Question: Assessee personal expenses(house hold expenses) any limit provision applicable in it act.

Ans: Personal expenses cannot be claimed for business incomes

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1

Answered on Aug 10, 2024

Asked by Anonymous - Aug 10, 2024Hindi

Sir, It assessess cash Gift from family members (father ,mother , brother, sister)how many times allowed one finical year in it act

Ans: Please be specific with amounts and what will be the purpose of the cash gifts

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1

Answered on Aug 08, 2024

Asked by Anonymous - Aug 08, 2024Hindi

Sir, It assessess sec 44ada provision itr returns filed f.y.23-24 cash on hand balance rs:20 lacs as per books as on dt:31-03-24 Question: Cash on hand balance huge amount year ending penalty applicable under income tax act

Ans: No penalty as such , but if that cash is cash income then you have to declare while filing the ITR

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1

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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1

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
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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 :
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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 :
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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 :
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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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