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Answered on Sep 23, 2023

Question by Sathyanarayanan - Jun 28, 2023

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

Ans: No tax deduction for the same

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Answered on Sep 23, 2023

Question by GARAPATI - Aug 25, 2023

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

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

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Answered on Sep 23, 2023

Question by Haider - Aug 21, 2023

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

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

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Answered on Sep 23, 2023

Asked by Anonymous - Jul 11, 2023

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

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

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Answered on Sep 23, 2023

Question by Rabi - Jul 08, 2023

Which SIP would be best for Long term.

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

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Answered on Sep 23, 2023

Question by Rakesh - Jul 01, 2023

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

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

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Answered on Sep 23, 2023

Question by S - Jun 25, 2023

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

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

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Answered on Sep 23, 2023

Question by Jayant - Jun 01, 2023

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

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

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Answered on Sep 23, 2023

Question by Papai - Sep 22, 2023

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

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

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Answered on Sep 02, 2023

Question by HIMAVI - Jun 02, 2023

Can Long term capital gains from shares be invested in Housing construction to avoid LTCG tax at 10%. or How to avoid LTCG Tax from the sale proceeds of shares.

Ans: Hello, you can keep the LTCG below 1L in one financial year to avoid taxes

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Answered on Sep 02, 2023

Question by Satwinder - Aug 30, 2023

Hi Vivek...I am new in MF investment and has started SIP 8 months back. I am having target of investing for next 20 years. After self study of MFs, i have selected following funds for monthly SIPs. Please guide me if i need to add/delete or replace any fund from this list. UTI Nifty 50 Index Fund Rs 1000 Nippon India Small Cap Fund Rs7500 TATA digital india fund direct Rs3000 HDFC Multicap fund Rs 2000 HDFC Midcap oppturnities Rs 2000 Thanks Satwinder Singh

Ans: Hello, good to know that you are investing in equities through mutual funds
Assuming you are below 35yrs, you can do the following :
Small cap - 25%
Mid cap - 25%
Multi cap - 25%
Thematic funds - 10%
Emergency funds ( assuming you have no FD's or other debt investments ) - 15%

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 Sep 02, 2023

Asked by Anonymous - Jul 26, 2023

1}I have sold my residential property in Mumbai and have to to pay a capital gains tax of 5 lacs. I had to pay off a lot my debts in my business and do not much to spare for tax. At the moment my current income is sufficient for my living expenses. I am living in a rented property presently. What are my options. 2} I have also to receive a TDS of 2 lacs paid on the sale of my flat , can i get the refund after filing my tax returns. THANK YOU

Ans: Yes you can get the refund after filing the ITR

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Answered on Sep 02, 2023

Question by Omkar - Jul 19, 2023

I have two flats. Out of that one is registered in only my name and the second flat is registered on my name along with my wife's name. We are co-borrowers of the loan for the second flat; and I am only paying loan for first flat. As in my name, there are two flats, so I have filed the ITR2, but my wife is co-owner in one flat only, so which ITR type to be filled by wife, ITR 1 or 2?

Ans: Query is not clear, but as per my understanding if you are taking a loan then you can file ITR 1 and not compulsorily ITR 2

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Answered on Sep 02, 2023

Asked by Anonymous - Jul 24, 2023

I am a Sr citizen, 68 yrs. My taxable income for AY 2024-25 would be less than Rs 7 lakh. as I'll be switching over to New Scheme from AY 2024-25 onwards. Also no TDS would be deducted as I have already submitted Form 15H. For FYI, I have been filing Online return since last so many years and I have getting full refund of TDS since last 4/5 years. So please advise do I need to file IT return for AY 2024 -25 and onwards ?? Thanks

Ans: Yes you should file ITR as it has multiple benefits

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Answered on Aug 25, 2023

Asked by Anonymous - Jul 03, 2023

I am 42 Years, Want to have corpus fund of 7~8 Cr in next 15 years, Current Investment is in shares around 1 Cr, Want to start SIP going forward, Please suggest the amount and SIP value to achieve this goal, I am ok with risk funds as well....

Ans: Hello, assuming your shares grow by 12% cagr, the value of those will be Rs.5.47crs approx
You will need to start investing in SIP's an amount of Rs.50000 for the next 15 years to reach your target of 8crs

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Answered on Aug 25, 2023

Question by Umesh - Jul 05, 2023

I have purchased ICICI children growth bonds for my minor daughter in 2001. The same was redeemed. I want to know if the amount I got is only interest than when I will get principal amount

Ans: Hello, that depends on the bond guidelines. Do get in touch with ICICI for the same

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Answered on Aug 25, 2023

Question by CHAITANYA - Jul 05, 2023

I am 33 years old. I am working in co-op Bank since last 12 years. Should I Opt for new pension scheme or not?

Ans: Hello, that depends on your CTC and the deductions that you have

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Answered on Aug 25, 2023

Asked by Anonymous - Jul 05, 2023

Hi I am Mayank 41 yrs old i am doing SIP OF 11 k per month . 4000 :- PARAG PAREKH 1000:- MIRRAE ASSET 1000:- QUANT SMALL CAP 1000:- QUANT ACTIVE . 3000 :- HDFC MIDCAP OPPORTUNITS 1000 :- TATA SMALL CAP Kindly advise am i investing in right sips Also let me know what will be my corpus amount with approx interest. Also let me know am i investing in right funds . Kindly advise

Ans: Hello, the corpus amount depends on the time duration you will be investing, For eg if you are investing for 15yrs then your corpus at 12% xirr will be approx Rs.54.95L

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Answered on Aug 25, 2023

Question by PRAKASH - Jul 05, 2023

How to get TAN No. of LIC TO REPORT annuity income in tax return?

Ans: Hello, you can google the same

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Answered on Aug 25, 2023

Question by Litton - Aug 13, 2023

I filed my IT return on 23rd May and it got processed on 23rd June but still i have not got regund

Ans: Hello, do check if the bank account mentioned is correct
Also you can raise a refund reissue request on the website itself

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Answered on Aug 25, 2023

Asked by Anonymous - Aug 07, 2023

I had made mistake in self assessment tax challan fir AY 23-24, I had selected advance tax for AY 24-25 I submitted letter to ITO , 40days ago for rectification in challan and visited office twice, but they are not correcting mistakes Now, I have received demand notice, how to reply it online?

Ans: Mention the same reason while replying to the demand notice, they shall take it into consideration

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Answered on Aug 25, 2023

Question by P - Aug 25, 2023

Sir, i have filed my IT return on 8th July 23 and there was a refund due to me. But till date i have not received any intination of ITR bieng processed, What should i do now?

Ans: Hello, do check if the verification is done. If that's done then the time period of refund depends from 2 weeks to 3 months. Be patient as it will be processed soon

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Answered on Aug 19, 2023

Question by Pratik - Jul 19, 2023

Hi We are doing our investments in Mutual Funds. Currently we save about 30% of our net income in Mutual Funds, 50% in FDs, 15% in PPF and 5% of our income post taxes, expenses and EMIs. We are looking at mutual fund investments for a time horizon of 20 years. We investment every month equally in these schemes: 1. Index (ICICI, Kotak, UTI, HDFC) 2. Large Cap (ICICI, Mirae Asset) 3. Mid Cap (HDFC, Mirae Asset, Kotak) 4. Small Cap (HDFC, Kotak, ICICI) 5. Flexi Cap (HDFC, ICICI, Kotak) 6. Multi Cap (HDFC, ICICI, Kotak) 7. Hybrid (ICICI, HDFC, Mirae Asset) 8. Large and Midcap (ICICI, Kotak) 9. Additional (ICICI Value Discovery) Would like your views on this. I can take some risks since we are additionally saving in FDs as stated above.

Ans: Hello, as per the data given by you, assuming you are 35 years old , you have about 20 years to build a corpus and you will have regular income till then. As per that my suggestion would be as follows :
Out of Rs.100 to be invested by you, you should invest - 20% in small caps, 20% in mid caps, 20 % in large and mid caps, 20 % in thematic funds and 20% in debt funds/ hybrid funds.
Eliminate 100% of FD's and park that existing money in debt funds or split it between debt and equity.
You don't need index funds as they underperform by 2-7% to the active funds post expenses so it's a no brainer to go for actively managed funds.

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 Aug 19, 2023

Asked by Anonymous - Jul 24, 2023

I am a woman, 68 yrs. My investments in HUCO tax free bonds, Tranche 2 and IIFCL tax free bonds, Tranche 2 are getting matured shortly after 10 yrs of investment with Annual interst payment options @8% approx. Please suggest where these corpus of Rs 7 lakh could be invested for a time span of 5yrs max with similar interest payment option. How about Shriram Motor Finance FD scheme for 60 months and SCSS 2004 or, alternatives excluding Mutual Funds? Thanks.

Ans: Hello, my suggestion for you would be to understand more about the debt markets and how they function and how you can use the mutual funds ( debt ) to get the necessary returns you are looking for with an additional gain due to fall in the interest rates as returns and rates are inversely linked.

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Answered on Aug 19, 2023

Asked by Anonymous - Jul 27, 2023

Hi Sir, My father expired this year, his nominee is my mother Chitra Samant, needed to now that we will close all accounts including fd's, PFF's and other investments of his and transfer amount to my mothers account. will the amount transfered be taxable to my mother?

Ans: Hello, the amount will not be taxable

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Answered on Aug 19, 2023

Asked by Anonymous - Jul 25, 2023

Sir I filled itr2022-23 and it is submitted but the tax not payed. So how I can pay my tax

Ans: Hello, you can go to the income tax website and pay the tax via self assessment challan

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Answered on Aug 19, 2023

Asked by Anonymous - Jul 27, 2023

I am 61 years old, I want to invest Rs. 40000 per month for next atleast 10 years. Which Fund I should invest so as to get between 10% to 15% returns?. Thank you.

Ans: Hello, since your time horizon is more than 7 years, you can split the 40K between 4 categories of funds i.e small cap, mid cap, multi cap and consumption fund with 10K sip for each of the funds.

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Answered on Aug 19, 2023

Question by SOMNATH - Jul 30, 2023

suggest five mutual funds for lumpsum investments

Ans: Hello, its very important to have the time horizon, goals for investment, risk appetite, etc for me to suggest any funds for you.

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Answered on Aug 19, 2023

Question by Rajesh - Jul 31, 2023

I am retired from a private job and don't have any income. last year I have redeemed some MFs and my long term capital gain is 162000. My other income zero. How much tax I am supposed to pay?

Ans: Hello, your income tax liability will be nil as per the details mentioned by you.

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Answered on Aug 19, 2023

Asked by Anonymous - Aug 04, 2023

Dear Sir,I am a Retired Govt servant and having income from pension and bank fds.I have one house property.Recently I shall be going to purchase another house property and both the houses will be used by my family members.In that case what ITR form will be used while filing IT return.

Ans: Hello, you can file ITR 1 for the above mentioned scenario wherein the rental income is nil as per you

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Answered on Aug 19, 2023

Asked by Anonymous - Aug 09, 2023

What is cumulative return expected, if monthly investment of Rs. 25,000/- is made in the various Mutual Funds. The horizon is say 6 years. Do choice of fund house really matters, or it has a nominal/marginal effect.

Ans: Hello, you can expect a corpus of 26L approx at 12% XIRR after 6 years of investment. Yes the fund selection matters in terms of entry, exit, category, risks related to the fund, etc and that can have an impact of 2-8% xirr which can be a huge amount over a period of 15-20 years

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Answered on Aug 19, 2023

Question by PARAMVIR - Aug 11, 2023

Dear Sir, how to exit mutual fund investment

Ans: Hello, you can ask your advisor to sell if for you
If the investment is direct , you can go to the AMC's website create an account and then sell it from there

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Answered on Aug 19, 2023

Question by Ganesh - Aug 12, 2023

I am planning for SIP for one year in small amounts – upto 2k to 5K, my payout target a month is Rs. 30K Which MFs I can go for?

Ans: Hello, along with the category the time duration of your investment is also important
Your fund category can be 50% small cap and 50% mid cap with an investment horizon of 20 years

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Answered on Jul 22, 2023

Question by Micheal F - Jul 06, 2023

How will I be taxed if I inherited shares from my mother after she passed in 2020, She had purchased Indusind and BOI shares long before 2018

Ans: The shares will be passed on to you from your mother at the cost she purchased them.
You will be taxed at the time of sale of these shares and the cost value will be of 2018 and not of 2020

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Answered on Jul 22, 2023

Question by praveen - Jul 05, 2023

Hi, Vivek good morning, my dad is 84 years and he has a pension of 19 plus lakhs, to save he puts in PPF only and is their any other options to save his tax.

Ans: Hello,
Its better to invest in ELSS rather than PPF because of many reasons like returns, liquidity, ease of access, etc.
Also from FY 23-24, I assume the new regime will be a better option for him so no need to park his money in PPF, rather he can do an sip in Mutual funds for his investments

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 Jul 22, 2023

Question by RAJIV - Jun 05, 2023

Hello sir, I have to purchase a term insurance. I'm a govt employee with annual income 10 lacs, whats important facts I have to check to select an insurance nd what amount of sum assured I have to insure.

Ans: There are certain factors to look at while choosing a company for term insurance as the company has to stay for 100yrs from today to give you benefit of your insurance.
You should look at the customer service history, solvency ratio, claim settlement ratio, etc
Term insurance cover should be decided on factors like your family's monthly expenses as in how much they would require every month to survive, your liabilities and your current liquid assets.
A person can get up to 30times of their salary depending on their age

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Answered on Jul 22, 2023

Question by RAJIV - Jun 29, 2023

Hello sir, I need to purchase a term insurance. I'm a govt employee with annual income 10 lacs, whats important facts I have to check to select an insurance and what amount of sum assured I have to insured.

Ans: There are certain factors to look at while choosing a company for term insurance as the company has to stay for 100yrs from today to give you benefit of your insurance.
You should look at the customer service history, solvency ratio, claim settlement ratio, etc
Term insurance cover should be decided on factors like your family's monthly expenses as in how much they would require every month to survive, your liabilities and your current liquid assets.
A person can get up to 30times of their salary depending on their age

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Answered on Jul 22, 2023

Question by Debasis - Jun 17, 2023

How is sbi blue chip fund growth for SIP

Ans: Hello,
Depends on your time horizon and your goal for this fund

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Answered on Jul 22, 2023

Question by Micheal F - Jul 11, 2023

Greetings, How will I be taxed for inherited shares from my mother after she passed in 2020, She had purchased these shares before 2018.

Ans: The shares will be passed on to you from your mother at the cost she purchased them.
You will be taxed at the time of sale of these shares and the cost value will be of 2018 and not of 2020

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Answered on Jul 22, 2023

Question by sandip - Jul 15, 2023

hi Vivek Ji , there is no mention of conveyance allowance in my salary slip , my employer is providing the transport services for commuting to office , but deducting Rs.1500 as transport , can I claim for tax rebate (exemption ) for this under conveyance allowance

Ans: You should preferably ask your employer to add this in form 16 for you to take the benefit

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Answered on Jul 22, 2023

Asked by Anonymous - Jul 19, 2023

Hi sir My name is Gopi I can invest 30 thousand per month next 8 to 10 yr Please suggest good mutual fund

Ans: Hello,
Assuming you are in your 30's and your time horizon is 8-10 years , you can select a good small cap, mid cap and a thematic fund like consumption fund

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Answered on Jul 22, 2023

Asked by Anonymous - Jul 21, 2023

Hello, I am 57 and retired last month. I need a safe heaven to invest my EPF money ( Rs 85 Lacs) and have Rs 15 Lacs in Stocks. I live in my own house and have a Rs 20 Lacs education loan to clear (interest + principal will start from Apr 2025). I have a Rs 10 Lacs + Top.up of Rs 25 Lacs Health Insurance for me and my wife ( paying Rs 60,000 as Premium). I have a Term Insurance of Rs 1 Cr ( paying Rs 36000/ yearly premium. Kindly advise , as to how do i go about my retired life upto 80 yrs

Ans: Hello, you can make a balanced portfolio of mutual funds of Rs.1cr
Assuming a ROI of 12% , you will get a swp of rs.50000 a month at 6%, maximum you should withdraw 7% as swp in emergency scenarios.
If loan is in the picture, your monthly expenses will not be covered adequately if you stay in a city like mumbai so I would suggest you to pay off the loan and have 80L in assets and enjoy 6% of it yearly.
You can select the following funds for your mutual fund portfolio
Small cap - 20%
Mid cap - 20%
Large and mid cap - 20%
Multicap - 20%
Equity hybrid - 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.

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Answered on Jul 04, 2023

Question by Manoj - Jun 28, 2023

pls suggest mutual fund from 18 to 24 months perscpective.

Ans: you should select a debt fund or a debt hybrid fund since your duration is not suitable for an equity investment

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Answered on Jul 04, 2023

Asked by Anonymous - May 24, 2023

I have got Mediclaim policy covering my family. Unfortunately, my daughter ( student, not working) diagnosed with Cancer last year & undergoing treatment, likely to be long treatment. I am getting approx 50% of the expenses reimbursed from insurance as per policy. She will be 25 next year & likely to be excluded from the policy, which is cause of worry. Any remedy for financial coverage beyond 25. Pl advise.

Ans: Hello, as per the information I have gathered, the floater policy after the kid turns 25yrs will be split into 2 policies.
For eg : You have an existing policy of 10L covering you, your wife and your daughter. Once your daughter turns 25yrs, the company will have to issue 2 policies i.e one for you and wife for 10L and one for your daughter for 10L without any loading charges and without excluding cancer treatments.
If this is not done, you can go to ombudsman to solve your problems with the medical insurance company.

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Answered on Jul 04, 2023

Question by miniak - May 28, 2023

My age is 40. Annual income 18 lakh. Have OCD, thyroid, cholesterol, little high uric acid. Take regular medicine for each of the health issues. Want to purchase 2 crore term insurance plan. Kindly advice best term plan and how not to get rejected.

Ans: Hello, you can get a term cover on the basis of your medical conditions and the underwriters check your latest 3m test reports for the same. There are a few companies good for term and life insurance in general like Bajaj Life, HDFC Life, etc.

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Answered on Jul 04, 2023

Asked by Anonymous - Jul 01, 2023

Sir if I buy a share today and sell it tomorrow in 1 day or 2 days or 5 days at a nominal profit and do this on a regular basis then it will be treated as short term capital gain or business income

Ans: Short term capital gain

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Answered on Jul 03, 2023

Question by Dhathathri - Jun 30, 2023

I am 86.Can i sell all my shares now

Ans: Yes

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Answered on Jul 03, 2023

Asked by Anonymous - Jun 30, 2023

Hi, I wanted a income tax saving investment for my mother. She is 58 yrs old and have FD-Interest income and House Property Rental income. Please suggest better options.

Ans: The tax saving options are :
ELSS u/s 80C - max - 1.5L
A good medical cover u/s 80D - max - 50000
NPS - max 50,000

In order to save more taxes and have a stable income, she can shift her FD's slowly to mutual funds and have a SWP for her day to day expenses.

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Answered on Jul 03, 2023

Question by Pradeep - Jul 01, 2023

Hello sir I'm 53 year old and currently I have invested on below funds 5000/PM and paln to have corpus of INR 2cr by 60 years. 1. Quant active fund-G 2. Quant mid cap fund -G 3. BOI AXa small cap fund 4. Canara Robo small cap fund 5. Mahindra manulife mid cap 6. Quant small cap fund 7. PGIM India flexi cap fund 8. Quant felixi cap fund 20K/Month 1. Parag Parikh flexi cap fund 2. PGMI mid cap opportunity fund 3. Quant active fund Growth 4. Woc felixi cap fund Pls advise if these are good SIP or I should exit some or start a new SIP..u may also guide any good MF for SIP or one time investment.. Regards RPJ

Ans: For you to get to 2crs in 7yrs, assuming 12% xirr, your sip amount needs to be Rs1.5L
Generally i avoid flexi cap funds, instead you can go for the following categories for your sip:
Small cap
Mid cap
Large and mid
Thematic - Consumption
Multicap
Focused

For Lumpsum you can select the same funds where you are having your sip's and the STP can be 15-20 weeks starting today.

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 Jul 03, 2023

Question by Raj - Jul 02, 2023

Hello Mr. Vivek Lala, I had redeemed my MF units of Tata MF in FY2022-23 after holding them for more than 10 years. Returns were positive. What is the tax implication for me? Which ITR should I file? Thanking you, Raj

Ans: No tax if the profit is less than 1L. The grandfathering effect will be as on 31st Jan 2018. The tax rate post the benefits is 10%. The ITR to be filed is ITR 2 assuming you are a salaried person.

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