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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jun 01, 2022

Mutual Fund Expert... more

Question by Pradeep on Jun 01, 2022Hindi

Money

Kindly suggest your opinion on this. I have the following monthly SIPs:

ADITYABSL MNC GR - 1000

BARODA BNP PAR MID CAP FUND GR - 3000

KOTAK EMERGINGEQUITY GR - 3000

SUNDARAM MID CAP GR - 2000

DSP SMALL CAP GR - 10000

L&T EMERGING BUSI RP GR -4000

QUANT SMALL CAP GR - 5000

MAHINDRA TOP250 NIV YOJ REG GR - 7500

UNION FLEXI CAP FUND - GROWTH - 5000

ADITYABSL PURE VALUE (G) - 1000

ICICI PRU FOCUSEQ (G) - 7500

INVESCOINDMULTICAP (G) - 1000

One Time investments:

IDFC LARGE CAP (G) - 250000

UTI MASTERSHARE (G) - 250000

HDFC FOCUSED 30 (G) – 250000

Ans: All your funds are decent, however, TOO many. Restrict yourself to 3-5 funds not more than that!

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 May 12, 2021

Question by saatvik - May 12, 2021Hindi

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Sir following are my SIPs per month. Kindly advice. 1. Nippon india value fund- Rs. 2000/- 2. Tata Equity P/E fund- Rs. 2000/- 3. Axis focus 25 direct plan fund- 1000/- 4. Mirae asset large cap-1000/- 5. SBI equity hybrid- 500/- 6. HDFC mid cap opportunity- 500/- 7. L&T business emerging- 500/- 8. PGIM india global equity opportunity- 500/- 9. DSP world gold fund- 500/- 10. HDFC small cap- 500/- 11. Tata India Pharma& healthcare- 500/- 12. SBI bluechip- 500/- 13. SBI focus equity- 500/- 14. SBI banking and services- Rs. 500/-

Ans: Please continue with 2, 3, 4, 5, 8, 12, 13

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Feb 20, 2020

Question by Mohit - Feb 20, 2020Hindi

Money

I do a regular investment per month of Rs 9000 as SIP in mutual funds. The funds I am holding currently are: Name of the Fund Category RankMF Star Rating MohitBhardwaj 1. DSP Equal Nifty 50 Fund-Reg (G) -Rs 2000 Index Funds - Nifty 2 2. DSP Equity Opportunities Fund-Reg (G) -Rs 1000 Equity - Large & Mid Cap Fund 4 3. DSP Natural Res & New Energy Fund-Reg (G) - Rs 1000 Equity - Sectoral Fund - Energy & Power 2 4. Franklin India Prima Fund (G)- Rs 1000 Equity - Mid Cap Fund: 2 5. Franklin India Taxshield (G)- Rs 1000 Equity - ELSS 4 6. ICICI PruBluechip Fund (G)- Rs 1000 Equity - Large Cap Fund: 2 7. ICICI Pru Value Discovery Fund (G) - Rs 1000 Equity - Value Fund: 2 8. ICICI Pru Value Fund-16 (G) – Rs 1000 Equity - Value Fund: 2 9. ICICI Pru Value Fund-17 (G) Equity - Value Fund: 2 10. ICICI Pru Value Fund-18 (G) Equity - Value Fund: 2 11. Invesco India Growth Opp Fund (G) Equity - Large & Mid Cap Fund 4 12. L&T Hybrid Equity Fund-Reg (G) Hybrid - Aggressive Hybrid Fund 5 13. MotilalOswalMulticap 35 Fund-Reg (G) Equity - Multi Cap Fund: 5 14. Nippon India Capital Builder Fund-IV-A (G) 15. Nippon India NiveshLakshya Fund (G) Debt - Long Duration Fund 5 16. Quantum Long Term Equity Value Fund-Reg (G) Equity - Value Fund: 2 17. Parikh Long Term Equity Fund-Reg (G) Equity - Multi Cap Fund: 5 18. Tata Hybrid Equity Fund-Reg (G) Hybrid - Aggressive Hybrid Fund 5 I have invested Rs 351,388 till now and my market value is Rs 386,870 which means my annual return is 5.2 per cent. Shall I continue to invest in the above funds or shall I switch to some other better fund as per your advice and what will be my capital (return) if I continue to invest for next 10 years as my current age is 35 years and I wish to invest till my age reach 50.

Ans: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Value Fund:

Tata Equity PE Fund - Growth
UTI Value Opportunities Fund - Growth Plan

Equity - Multi Cap Fund:

UTI Equity Fund – Growth
Axis Multicap Fund – Growth

Equity - Large Cap Fund:

UTI Mastershare Unit Scheme - Growth Plan
LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

MOSL Midcap 30 Fund – Growth
DSP midcap – growth

Equity - Small Cap Fund:

Kotak Small Cap Fund – Growth
Axis Small cap Fund - Growth

Ramalingam Kalirajan |7100 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 17, 2024

Question by Amita - Dec 19, 2023Hindi

Money

Hello, I hope you're well. I allocate my monthly investments as follows: 7.5k in Quant Tax Fund, 5k in DSP ELSS Fund, 5k in DSP Nifty 50 Equal Weight Index Fund, 1.5k in Navi Nifty India Manufacturing Index Fund, 2k in Axis Gold Fund Direct Plan Growth, 1k in HDFC Gold Fund Direct Growth, 2k in Nippon Indian Silver ETF, 2k in Quant Multi Asset Fund Growth Option Direct Plan, 2k in Nippon India Multi Asset Fund, 3k in Canara Robeco Bluechip Equity Fund, 2k in Nippon India Large Cap Fund, 5k in Quant Small Cap Fund, 5k in Nippon Small Cap, 3k in Axis Small Cap, 5k in HDFC Multi Cap, 2k in Tata Digital India, 3k in Axis Growth Opportunities Fund, 2k in Nippon Flexi Cap, 2k in Parag Parik Flexi Cap, 2k in Quant Mid Cap, 1k in Edelweiss Aggressive Hybrid, and 2k in DSP Natural Resources and New Energy. How are these companies, and is my fund allocation correct? Also, could you provide an estimate of the corpus I might accumulate in the next 5 years with a monthly SIP of 66k?

Ans: Your investment portfolio is diversified across various categories and funds, which is good for spreading risk. However, the sheer number of funds might lead to over-diversification and higher costs. Consider consolidating similar funds to streamline your portfolio. To estimate corpus in 5 years with ?66k monthly SIP, assuming an average annual return of 10%, you might accumulate approximately ?50 lakhs to ?55 lakhs.

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Question by Nevil - Nov 14, 2024Hindi

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Hi, We 3 Family Members (Mother and 2 Sons) purchased a Land of 185 Sq.Mtr. with Rs. 78,000.00 in Oct-2001. Now we have sold it in Nov-2024 at 10.80 Lakhs. Each Member will get Rs. 3.60 Lakhs. Now with the Current Index of the said land is Rs. 5730 per sq.meter. Being the 3rd holder will it attract Capital Gain Tax and how much and how it is calculated.

Ans: 01. Individual share of LTCG (Sale price - Cost of plot) will be taxed, as under :
(a). Tax Rate 12.50% without indexation OR
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My father bought a house property in 1968 comprising of two floors. He passed away in August 2001 w/out a leaving Will. Me & My elder brother thus became co-owners until we executed two mutual Release Deeds in October 2023 whereby each of us became sole owners of Ground & First Floors respectively. If the property were to be sold by both of us now to a single buyer, will the date of acquisition continue to be reckoned as 1968 ( original year of acquisition by our father ) being a legacy asset and thus eligible for Indexation benefit even post 23rd July 2024 ? In other words does indexation continue in respect of inherited properties where the original acquisition date is prior to 2001 ? Thanks in advance for your valuable opinion please.

Ans: 01. In case of Sale of property by one or both of you, to a single buyer, its date of purchase shall remain 1968 only.
02. In the instant case, you would be entitled to the benefit of Indexation.
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I have inherited shares thru Will from my aunt in the year 2008 in the demat form. Since then I have kept as it is & never sold any of the shares as I'm not well versed with the market. Now as there was some urgent expense in the family I had to sell few shares. So Sir, my question is as I have inherited shares by Will, so should I have to pay Capital Gain tax on the sales of shares. If yes then how it is calculated. Please advise.

Ans: 01. There is no issue of inheritance involved in this case, as far as income tax is concerned.
02. If you sell shares, it would be subject to LTCG Tax under Income Tax.
03. Please note that only Gain would be taxed & not gross receipts from sale of shares.
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Good morning Mahesh sir. I am a PSU employee with 30 years exp , age 54 yrs. My present PF amount is Rs 194 Lacs , out of which my contribution including VPF is Rs 120 Lacs approx. As Govt is imposing tax on the interest above 2.5 lacs / yrly, I am paying heavily in terms of taxes. I do not have PPF. Please guide me to save the reduce the tax on this interest on PF amount.

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My mother transferred her share of ancestral property to my one maternal uncle(out of 6) some 15 years back. He had made some excuse and promised to transfer it back after 6 months but later on he divided it into 6 parts. We have no proof that he promised to return it. Can my mother reclaim her share now?

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Hello, I had brought a 2bhk for 1.15cr in 2015 with a bank loan of 65 lacs with present outstanding of 29 lacs. The present price of this property on sale is around 1.25cr. In 2023 I have bought another property for 2.00cr with a loan of 1.67cr. Does it make sense to sell the earlier property at a loss and prepay the new loan? What will be the tax implications? I am 51 years old now.

Ans: 01. You may sell the flat purchased earlier & pay off its loan. However, you would be entitled to LTCG Exemption only if the Purchase of New Flat & sale of old Flat is with in one year. Please compare the dates of Registration of both flats, since timeline is very important in this case.
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Question by Deepak - Nov 22, 2024Hindi

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Hello Experts, EPFO went digital/online in 2014. I started working in 2005 and until 2014 there is no cary forward of my PF money and for the matter of the fact i dont even know how much money is lying in EPFO for my employment duration 2005-2014 (i worked in GGN, BLR & BOM). please guide how can i seek the details of my Pf corpus from 2005-2014 and consolidate it with my current active UAN account?

Ans: Bets way seems to be to visit EPFO office to seek details.
However, your previous employer(s), who deducted PF & deposited in your account may also help you to get the relevent details.
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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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