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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 20, 2019

Mutual Fund Expert... more

Question by Sachin on Dec 20, 2019Hindi

Money

I have invested the following mutual funds in the year 2017. Would like to have your opinion whether I can still continue in the scheme or shift to some other scheme? Also would like to know the reason for the same.

Name of the Fund Category RankMF Star Rating

1) L & T India Value RP (G) Equity - Value Fund 3

2) L & T Tax Advantage RP (G) Equity - ELSS 4

Ans:

ELSS: Motilal Oswal Long Term Equity Fund

Equity Value Funds:

Tata Equity PE fund
UTI value opportunity funds

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Nov 20, 2019

Question by Subramaniam - Nov 20, 2019Hindi

Money

I have invested the following mutual funds in the year 2018. Would like to have your opinion whether I can still continue in the scheme or shift to some other scheme? Also would like to know the reason for the same.

Name of the Fund	Category	RankMF Star Rating
Aditya Birla Sun Life Pure Value Fund – Gr	Equity - Value Fund	2
Aditya Birla Sun Life Resurgent India Fund-Series 6-Gr	Close ended Scheme	We don’t rate close ended schemes
L & T India Value Fund –Gr	Equity - Value Fund	3

Top 2 Equity value funds are (4-Star rated)

Tata Equity PE fund
UTI value opportunity funds

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 20, 2019

Question by Gyanesh - Dec 20, 2019Hindi

Money

I have invested the following mutual funds in the year 2015. Would like to have your opinion whether I can still continue in the scheme or shift to some other scheme? Also would like to know the reason for the same. Name of the Fund Category RankMF Star Rating Aditya Birla Sun Life Focused Equity Fund (G) (29) Equity - Focused Fund 4 Aditya Birla Sun Life Pure Value Fund (G) Equity - Value Fund 2 DSP Natural Resources and New Energy Fund - Regular Plan (G) (29) Equity - Sectoral Fund - Energy & Power 4 DSP Small Cap Fund - Regular Plan (G) Equity - Small cap Fund 2 HDFC Mid-Cap Opportunities Fund (G) (56) Equity - Midcap Fund 3 IDFC Multi Cap Fund - Regular Plan (G) (26) Equity - Multi Cap Fund 4 Invesco India Multicap Fund (G) (26) Equity - Multi Cap Fund 3 L&T Emerging Businesses Fund - Regular Plan (G) (19) Equity - Small cap Fund 2 L&T India Hybrid Equity Fund (G) Hybrid - Aggressive Hybrid Funds: 5 L&T India Value Fund (G) (28) Equity - Value Fund 3 SBI Blue Chip Fund (G) (30) Equity - Large Cap Fund 3 SBI Magnum Multicap Fund - Regular Plan (G) Equity - Multi Cap Fund 4 Sundaram Equity Fund - Regular Plan (G) Equity - Multi Cap Fund 4 Sundaram Midcap Fund - Regular Plan (G) Equity - Midcap Fund 3 Sundaram Rural and Consumption Fund (G) Equity - Thematic Fund - Other 4 Sundaram Services Fund - Regular Plan (G) Equity - Sectoral Fund - Service Industry 4 Sundaram Small Cap Fund - Regular Plan (G) (29) Equity - Small cap Fund 2 Sundaram Value Fund - Series VII - Regular Plan (G) Close ended -

Ans: You may continue with 4 & 5-Star rated ones and rest can be relooked.

Multicaps: Suitable options considering quality and value for money are:

Motilal Oswal multicap 35
Axis Mutlicap
Parag Parikh Long Term Equity Fund

ELSS: Motilal Oswal Long Term Equity Fund

Focused:

Axis Focused 25
DSP Focused Fund

Midcaps: Suitable options considering quality and value for money are:

Motilal Oswal Midcap 30
DSP Midcap
Kotak Emerging Equity Fund

Small Caps:

Kotak Small Cap
Axis Small Cap

Equity Value Funds:

Tata Equity PE Fund
UTI Value Opportunity Funds

Large Caps:

LIC MF Large Cap Fund - Growth
Mirae Asset Large Cap Fund - Growth

Large and Midcaps:

Axis Growth Opportunities Fund – Growth
Tata Large And Midcap Fund - Growth

Aggressive Hybrid Funds:

Mahindra Hybrid Equity Nivesh Yojana – Growth
Axis Equity Hybrid Fund - Growth

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 20, 2019

Question by Somnath - Dec 20, 2019Hindi

Money

I am investing Rs 1000 in each of these mutual funds shown in the table below for last three years. Suggest whether to continue or change and if changes required which fund to invest. These are my mutual funds: Name of the Fund Category RankMF Star Rating Invesco India Contra Fund Growth Equity - Contra Fund 4 Canara Robeco Emerging Equities Regular Dividend Dividend Payout Equity - Large & Midcap Fund 2 Dividend Reinvestment Equity - Large & Midcap Fund 3 ICICI Prudential Bluechip Fund Growth Equity - Large Cap Fund 3 Mirae Asset Large Cap Fund Growth Plan Equity - Large Cap Fund 4 SBI Blue Chip Fund Regular Plan Growth Equity - Large Cap Fund 3 Axis Blue Chip Fund Growth Equity - Large Cap Fund 4 HDFC Top 100 Fund Regular Plan - In hold now Equity - Large Cap Fund 4 Mirae Asset India Equity Fund Dividend Plan - In hold now Equity - Large Cap Fund 3 L & T Infrastructure Fund Growth- In hold now Equity - Sectoral Fund - Infrastructure 2

Large and Midcaps:

Axis Growth Opportunities Fund – Growth
Tata Large and Midcap Fund - Growth

Large Caps:

LIC MF Large Cap Fund – Growth
Mirae Asset Large Cap Fund - Growth

Milind Vadjikar |694 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 30, 2024

Question by Sanjeev - Oct 04, 2024Hindi

Money

Hi Myself Sanjeev Kumar from Himachal Pradesh, I am in mutual funds from last 3 years on below mutual funds 1. Aditya birla multicap fund (regular growth) ---- Rs 1000 monthly 2. Invesco India flexi Cap fund (Plan growth) ------ Rs 1000 monthly 3. Invesco India Multicap fund (regular growth) ---- Rs 1000 monthly 4. Kotak multicap fund (regular) ------------------------- Rs 1000 monthly 5. Kotak emerging equity fund (growth) --------------- Rs 1000 monthly 6. Kotak ELSS tax saver fund ------------------------------- Rs 500 monthly 7. Union tax saver fund (ELSS) ---------------------------- Rs 1500 monthly 8. Bandhan Nifty 200 momentum 30 index fund (regular plan) --- Rs 1000 monthly (started a month ago) Apart from above, I am investing in below also 1. PPF ---------------- 1.5 lac annually 2. NPD ---------------- 0.5 lac annually 3. LIC ----------------- 0.5 lac annually Si/mam i want to ask is my portifoilio good enough to produce at least 60- 70 lakhs in next 10-12 years returns or some reshuffling is required. If yes kindly suggest some good funds. Hoping to hear from you soon Thanks

Ans: Hello;

Your mutual fund monthly sip of 8 K need to be increased to 10 K ( maybe you can add 2 K additional investment in Kotak ELSS tax saver fund).

PPF and other investment should continue as planned.

This will ensure your MF corpus + PPF will reach 60 L+ in value over 12 years.

LIC policy maturity sum and NPD will be bonus.

Funds are good. No need to change.

Happy Investing;

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Question by Basab - Aug 26, 2024Hindi

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Would you please clarify the following doubts in regards to MF related ITR filing? 1. While filling ITR2 for MF, is the fair market value of units as on 31.01.18 is required,if units are purchased only last year and intend to sell this year. 2. Where I would get FMV as on 31.01.18 for my older units.Is it the NAV on 31.01.18? 3. For units which were initiated/started after 31.01.18, and purchased two/ three years back, only sell price and acquisition cost are sufficient? 4. Are the FMV available in AIS in ITax portal? Thank you

Ans: 01. FMP is required only in cases, where Shares/MFs were purchased before 31.01.2018.
02. Shares/MFs purchased last year or after 31.01.2018 will not require any such details.
03. I feel, FMV is not available in AIS (IT Portal).
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Asked by Anonymous - Nov 12, 2024Hindi

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Dear sir, Please suggest remedy for the situation in which my previous Employer has deducted TDS on salary for May'2024 and deposited with income tax as reflecting in Form 26 AS as salary credited & but has actually not paid the salary amount. The mode of salary payment is online bank transfer.

Ans: 01. Please keep in touch with your employer & claim your unpaid salary.
02. I hope this is not a case, where you have not served proper notice before leaving the job & your employer has adjusted your salary payable against notice period salary.
Most welcome for any further clarifications. Thanks.

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Question by Ramesh - Nov 15, 2024Hindi

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My old Pf account without UAN no i am drawing the reduced pension from 2013 onwards at t age of 50 years n then I have joined t organization in t year 2010 in this new PF no n UAN no is available my pension contribution is available my service is totally 9 years 6 month how to draw t pension contribution in full r merge t amt to t old PF no without UAN no plz guide

Ans: It is advisable to merge your both PF accounts. In fact you should have continued with your old PF account, even in new employment. This would have increased your pension admissibility. Visit your concerned PF Office & work out the best option, possible at this stage.
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I make a gift of Rs.50 lacs to my sister through bank transfer. She then invests it in Fixed Deposit or some house property in her sole name. The Interest Income earned from such Fixed Deposit or the Rental Income earned by her will be taxed in her hands or in my hands. I am informed that such Income will be taxed in the my hands as Income from Other Sources and not taxed at the hands of my sister. What is the logic of this taxation?

Ans: 01. Your view seems to be correct that income from gifted amount to your sister, shall be chargeable to tax in your hands only.
02. Logic of this treatment of Income is to close the ways to transfer of assessee's income in the hands of his relatives. This practice is adopted to avoid or reduce tax liability.
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Asked by Anonymous - Nov 26, 2024Hindi

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I have retired from private job 7 years ago at the age of 44. I have not withdrawn my pf and getting interest every year on the same. Is it correct to continue the pf or should I withdraw?

Ans: Hello;

Your EPF account will continue to get interest upto 58 years of age so you may hold it till that time.

Although EPFO has a rule that epf accounts will become inoperative after 36 consecutive months of no contribution except interest but they have a policy decision of honouring interest payment on corpus till member age of 58, despite this rule.

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Asked by Anonymous - Nov 22, 2024Hindi

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Hi doctor, I am 44 years old, and my menstrual cycle is currently 20 days. I got my period on September 30, 2024, and then I took an emergency contraceptive pill (i-pill) on October 9. I had my regular period on October 21. Now, I have missed my second period; today is October 22, and I still have not started. How long should I wait for my period to arrive, or should I take a pregnancy test? This was my first time using an i-pill, so I would like some advice. Is it normal to have a delay after taking an I-pill? How many days could it be delayed? Please suggest what I should do.

Ans: Hey, since you are 44 years, you are in your peri menopausal phase which causes hormonal imbalance
But since have consumed IPILL, which is an emergency contraception, periods can be up to a week late and sometimes even later. If your period is more than a week late, we recommend taking a pregnancy test. You may have some irregular bleeding after you take the Ipill, and before your next period. This can range from spotting to heavy bleeding.
So please do home pregnancy test once to rule out pregnancy. If its negative, then await normal regular periods.

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Asked by Anonymous - Nov 02, 2024Hindi

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I recently sold a piece of land inherited from my father for ?62 lakh. Since both of my parents are deceased, I am their sole legal heir. Under Section 54EC of the Income Tax Act, I am eligible to invest up to ?50 lakh in government bonds to save on long-term capital gains (LTCG) tax. These bonds offer an interest rate of 5.25% and have a lock-in period of five years. After making this maximum investment of ?50 lakh, I am left with a remaining amount of ?12 lakh. I would like to know if there is any way to utilize this remaining ?12 lakh without incurring LTCG tax on it. Additionally, I currently have a personal loan with an outstanding balance of ?10 lakh, and I am considering using this ?12 lakh to pay off that loan. Can I use these funds to close my loan without triggering any LTCG tax implications?

Ans: 01. You have sold the land for Rs.62,00 lakhs. This is the Sale amount & not Capital Gain.
02. Please work out LTCG by reducing Cost of Land from this sale amount. May be you LTCG is less than 50.00 lakhs & it serves your purpose.
03. However, I would like to suggest you to invest the amount in any residential property, which would enable you to save LTCG tax and also provide you lucrative return, instead of 5.25%, as offered by the bonds. It would also reduce LOCK-IN period from 5 to 3 years.
Most welcome for any further clarifications. Thanks.

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Question by Deep - Oct 30, 2024Hindi

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I have 2 under-construction flats of 35L each ( i.e. total 70L ) which I had got via government lottery in the name of my Mother and Father respectively. Based on the status I think it will take another 2 years to be completed ( i.e. by 2026 ) and then I intend to sell them immediately after getting possession. This sale should fetch me around 1.2 Cr. I am planning to buy a new flat which would cost around 1.9 Cr and I will take a home loan to the max possible extent based on eligibility ( my yearly gross income is 40L ). The flat is a new launch and is expected to be completed and handed over by 2028. Will I be eligible to claim capital gains tax ( STCG or LTCG? ) exemption on that sale mentioned before, if I buy this flat now?

Ans: 01. You have to purchase a new house property within 2 years after Sale of Flat, to enable you to be entitled for exemption u/s 54. Kindly watch timeline, between sale & purchase of Flats.
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Question by R - Nov 19, 2024Hindi

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Sir, While filing the return for AY 2024-25, I had, by mistake, paid the balance of tax amount and TDS i.e. Self-Assessment Tax twice through online procedure. Both these amounts appeared in AIS under different BSR Codes and challan numbers on the same date. In the return, obviously, only one of the amounts had been entered and hence only one of the amounts was accounted for in the tax calculations while the other amount remained unaccounted, though appearing in AIS. The return has been duly processed under 143 (1) with no demand- no refund. Now, the question is- how can the unaccounted and unused amount appearing in AIS for AY 2024-25 shown as Self-Assessment Tax can be utilised for the next AY, viz 2025-26 as Advance Tax? What procedure should be followed? Alternatively, can this unused amount be claimed as a refund, through a revised return showing both these amounts or a rectification return would be appropriate? Shall be grateful if you kindly guide me as to how to do this. R M Khatsuria, Pune

Ans: 01. This amount paid in excess can't be claimed as ADVANCE TAX PAID in the ITR of next year.
02. You may file Revised ITR & claim back excess Income Tax Paid, which is clearly mentioned in 26AS & AIR for the relevent financial year.
Most welcome for any further clarifications. Thanks.

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Question by shiban - Nov 21, 2024Hindi

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last 7 out of 10 years i was NRI. 23-24 NRI 24-25 R 25-26 aagain NRI will my NRE deposit be taxed for 24-25

Ans: In our opinion, it should remain tax free.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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