Drear Sir, IS there any Website where we can come to know Capital Gain From MF and Tax Implication due before redemption? and Balance unit As on Date avaliable for Redemption and Capitail Gain Remaining for Limit of 1.5 Lakhs.

Ans: Yes, Long Term Capital Loss can be set off only against Long Term Capital Gains.

4. In case I withdraw my PF after the age of 58, is the amount not subject to tax?

It is not clear if you plan to start working again. Your EPF withdrawals post-retirement will be tax-free for up to 3 years after the account is inactive.

Ans: Hello Devendra, I can see over diversification with your current investments with 14k sip amount. I would suggest to concise your mf investments and reshuffle the portfolio. You can reconsider schemes of AMC like IDFC, Quantum and Edelweiss MF.

Ans: Taxability will depend on type of MF i.e. equity/debt. For equity MF, no tax upto gain of Rs.1 lac.

ITR 2 is applicable in case person have income from capital gain.

Ans: Depending upon the tax regime you choose, your tax liability may vary. If you are taking income tax deductions by investing in PPF, NPS etc then those need to be factored in.

As far as advance tax liability is concerned, considering you do not have any business income and you are over 60 years of age, you are not required to pay advance taxes.

Ans: Hi,

Apologies for wrong interpretation of the data here. Let me correct the overall analysis as it totally changes the situation here.

Your current monthly salary - 1.8 lakhs; monthly expenses - 70k; potential to save - 1 lakh monthly.

Your current assets and investments include:
- a 4 BHK where you are currently living
- 3 apartments - values at 90 lakhs cumulative. Good but real estate is highly illiquid. It would be wise to sell atleast one of these and move these funds to liquid assets like mutual funds. It can be dedicated to your daughter's education. You can choose a mix of equity and balanced mutual funds.
- You have LIC of sum assured 25 lakhs and 8 lakhs - not at all recommended as every LIC gives an annual return of only 4-5% yearly over a long time and this doesn't even beat FD interest or inflation. Surrender these if you can and again go for good return generating assets. Current surrender might seem like a loss but making a practical choice right now will result in more amount from this money in future and will compensate present small loss.
- Term Plan - 25 lakhs, but insufficient for you. Increase it to 1 crore.
- 57 lakhs in PPF, EPF, SSY and NPS. Hold it. But try and reduce your contribution to bare minimum in SSY and PPF as these generate a very low return for you to meet your goals. These are some good debt instruments but increase your focus in creating more investments in mutual funds.
- Current MF - 93 lakhs and 45 lakhs in stocks - total 1.38 crores. Direct stock investment is not recommended as it is quite volatile and need constant monitoring along with fundamental technical knowledge. Wise for you to allocate 75% of your stocks valuation into equity mutual funds.
Also your portfolio size is quite big. Make sure to work with an advisor who can study and craft a proper investment portfolio keeping in mind your profile.

Your requirements/ goals:
- Daughter's Education (need minimum 20 lakhs in today's value) - current funds from selling 1 flat can be invested in aggressive mutual funds dedicated to this goal till she turns 18;
- Future Health (minimum requirement 25 lakhs) - start a dedicated SIP of 20k per month in aggressive funds for 7 years. It will give you 32 lakhs which will keep on growing till you need that fund;
- Your retirement after 7 years - 1 total corpus of 4 crores can fund you forever. Along with your current MF, stocks and debt investments, you need to invest 30k per month for 7 years in a mix of equity and hybrid funds to get 5 crores for retirement.

My advice would be to work closely 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/