Hi sir, I'm interested in coding and programming. Wch course should I choose b tech in cse or cse aiml. Wch has better job opportunities in the future? Kindly suggest

Ans: In the situation narrated in your question, you shall be taxed only on Rs.50,000.00 (the profit earned), under Short Term Capital Gain.
If you happen to incur loss on the sale, you won't have to pay any tax.
Most Welcome for further clarifications, if any. Thanks.

Ans: You should not file Form-H, since your Income is more than the minimum income chargeable to Income Tax. However, if this is the only income you have, you should file your ITR & claim Refund, which should not be a problem.
I would even suggest you to file your ITR on regular basis. This takes care of many problems also help you in many situations.
Most Welcome for further clarifications, if any. Thanks.

Ans: Hi,

It makes sense for you to withdraw the entire amount once the tenure of 15 years is over which might have been last month. This way, you can maximize investment of 1.5 lakhs in your son's account henceforth.
And you can choose to go for equity mutual funds for long term to park the closure proceedings of your PPF account. And as you said, this is actually the best time to invest in the market considering these are at all times low.

Make sure to go for equity mutual funds rather than direct stocks for your investment; as direct stocks require lot of research and proper entry exit. While mutual funds comes with comparative ease to choose and invest without worrying for the individual stocks.

Also if you do not have much knowledge on how to start your investments, you can work with a dedicated advisor to guide you throughout.
Hence do consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Manoj,

It is completely normal to see a temporary dip in the market value (from ?2,500 to ?2,332) immediately after investing, as NPS funds are market-linked. This happens due to market volatility and initial charges/entry loads.

However, if you wish to close your account, it is important to understand the rules and that premature closure will mean you cannot immediately take back the money under normal circumstances.

Premature exit (voluntary closure) is permitted only after completing a mandatory 5 years of participation in the NPS.
Hence the invested amount will have to be there for next 5 years. Consider it a long term investment.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi,

You have saved and invested quite good at your age. You still have 15 years to retire.
Your current SIP of 1 lakh pm with 81 lakhs will become 9 crores. This will be good to cover your retirement.
This is considering that other goals like kids higher education and marriage are already taken care of.
Share if you have other financial goals as well.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Kailash,

Investing in plans like these is not recommended as these are highly commissioned. Better to choose SIPs in mutual funds with the help of an advisor.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Ashok,

Yes, you can redeem your fund. The UTI Master Equity Plan 1994 (MEP-94) was merged into the UTI Master Equity Plan Unit Scheme (UTI-MEPUS) in March 2003.
You can redeem your 600 units (or the converted equivalent units) at the current NAV of the UTI Master Equity Plan Unit Scheme.

You can check the current value of your 600 units by looking up "UTI Master Equity Plan Unit Scheme - Growth" on sites like Value Research or Moneycontrol.
Ensure you take the original certificate to the service center to surrender it.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Pandian,

Getting rich overnight often leada to nowhere. Ads like you mentioned are a best way to take money out of your pocket.
Trust me, you will not be able to double your money in less than 6 years. If anyone guarantees you this and guide you, you will be scammed.
Please correct your approach towards investment. Your money can be doubled in 7 years depending on market volatitlity (not guaranteed).

If you want to invest your 30 lakhs for 6 years, you can choose a mix of equity and hybrid funds to generate a return of 10% annually. Work with a proper advisor to park this money and try not to follow such ads.

Get in touch with a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi,

Please help me with your income and other details for guiding in the best possible way.
However, if investing for more than 3 years in DSP multi allocation fund, all the gains with more than 2 years will be taxed as per LTCG at 12.5% and rest as per STCG.

You can choose variety of debt funds like ICICI Pru Short term fund to allocate money for 2-3 years.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/