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Vivek Lala |305 Answers |Ask -Follow

Tax, MF Expert - Answered on Apr 14, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Asked by Anonymous - Apr 11, 2024Hindi

Money

Hi just now I started to invest in mutual fund. I want to know mf which i selected are good to get good returns or not. If not please advice me to switch for the better one after a year 1. Parag flexi cap 2500 pm 2.hdfc large and mid cap2500 pm 3. Nippon multicap 2500 pm 4.Icici prudential bharat 22 fof 1000 pm 5. mirea asset mid cap2500 pm 6.Axis small cap pm And how long will take a good return

Ans: Hello,
Assuming you are a long term investor, you can change FOF to a mid cap fund. Other categories of funds looks okay

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.

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

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Question by Pradeep - May 12, 2021Hindi

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I am very new in MF. I started investing in some Mutual Funds. Kindly suggest me whether I am right or wrong? Please advise me icici pru buiseness cycle fund direct growth -- Rs 100 Tata Digital india fund direct -- Rs 500 Quant Active fund `direct growth -- Rs 1000 Mirae Asset hybrid equity fund direct growth -- Rs 1000 Axis growth opportunity fund direct lumpsum -- Rs 5000

Ans: Please continue; these are decent funds

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Mar 17, 2020

Question by Ravindra - Mar 17, 2020Hindi

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I HAVE BEEN INVESTING IN MUTUAL FUNDS FOR THE LAST SEVERAL YEARS BUT THE RETURNS HAVE NOT BEEN ENCOURAGING. I WOULD LIKE TO KNOW IF I AM INVESTING IN THE RIGHT FUNDS OR SHOULD I SHIFT TO OTHER MFs TO MAXIMISE MY RETURNS. GIVE BELOW IS MY CURRENT HOLDING OF MFs. Fund name Catgory Star Rating Ravindra Kumar ·Aditya Birla Sun Life Pure Value Fund -Growth -Direct Plan Equity - Value Funds: 1 ·Aditya Birla Sun Life Pure Value Fund -Growth -Regular Plan Equity - Value Funds: 1 ·Canara Rebeco Emerging Equities - Regular Growth Equity - Large & Mid Cap Fund 4 ·Franklin India Smaller Companies Fund - Growth Equity - Small cap Fund 2 ·HDFC Equity Fund - Regular Plan - Growth Equity - Multi Cap Funds: 2 ·HDFC Mid-Cap Opportunities Fund -Regular Plan Growth Equity - Mid Cap Funds: 2 ·ICICI Prudendial Banking and Financial Services Fund - Growth Equity - Sectoral Fund - Banks & Financial Services 2 ·Mirae Asset Focused Fund - Direct Plan - Growth Equity - Multi Cap Funds: 2 ·Mirae Asset Large Cap Fund - Direct Plan - Growth Equity - Large Cap Funds: 4 ·NIPPON INDIA MULTI CAP FUND- DIRECT GROWTH PLAN GROWTH OPTION Equity - Multi Cap Funds: 2

Ans: You may continue with the 4 rated funds; however for others better alternatives are available

Equity - Multi Cap Funds:

- Motilal Oswal Multicap 35 Fund (MOF35)-Regular Plan-Growth Option

- JM Multicap Fund - Growth option

- UTI - Equity Fund-Growth Option

Equity - Mid Cap Funds:

- Motilal Oswal Midcap 30 Fund (MOF30)-Regular Plan-Growth Option

- DSP Midcap Fund - Regular Plan - Growth

Equity - Sectoral Fund - Banks & Financial Services:

- LIC MF BANKING AND FINANCIAL SERVICES FUND-REGULAR PLAN-GROWTH

- Tata Banking And Financial Services Fund-Regular Plan-Growth

- SBI BANKING & FINANCIAL SERVICES FUND - REGULAR PLAN - GROWTH

Equity - Small Cap Fund:Axis Small Cap Fund - Regular Plan - Growth

Equity - Large & Mid Cap Funds:

- BOI AXA Large & Mid Cap Equity Fund Regular Plan- Growth

- Canara Robeco Emerging Equities - Regular Plan - GROWTH

- Tata Large & Mid Cap Fund- Regular Plan - Growth

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jan 30, 2020

Question by Snehasis - Jan 30, 2020Hindi

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I have following MFs: HDFC SMALL CAP FUND-REGULAR GROWTH PLAN L&T MID CAP FUND-REGULAR PLAN GROWTH NIPPON INDIA LARGE CAP FUND GROWTH PLAN GROWTH OPTION MIRAE ASSET LARGE CAP FUND-GROWTH OPTION Please advise if it will give benefits after investment of 5-10 years period. What will be return approx? Whether to switch to other fund or not? Name of the Fund Category RankMF Star Rating Snehasis Sengupta HDFC SMALL CAP FUND-REGULAR GROWTH PLAN Equity - Small cap Fund 2 L&T MID CAP FUND-REGULAR PLAN GROWTH Equity - Mid Cap Fund 3 NIPPON INDIA LARGE CAP FUND GROWTH PLAN Equity - Large Cap Fund 4 MIRAE ASSET LARGE CAP FUND-GROWTH OPTION Equity - Large Cap Fund 4

Ans: You may please continue with 4 star schemes and for rest These MFs can be considered:

Equity - Small Cap Fund:

Kotak Small Cap Fund – Growth
Axis Small Cap Fund – Growth

Equity - Mid Cap Fund:

DSP Mid Cap Fund – Growth
SBI Magnum MID CAP FUND – GROWTH
Motilal Oswal Mid Cap 30 Fund (MOF30)-Growth Option

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Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Asked by Anonymous - Apr 28, 2024Hindi

Money

Sir, i have 6 No of Mutual fund 1.SBI small cap 1000 per month 2. SBI focused equity 1000 per month 3. SBI blue chip fund 1000 per month 4. Nippon india small cap 500 per month 5.Quant small cap fund 1000 per month 6. Parag parikh flexi cap 1000 per month Is these MF are good or i need to change any fund. SBI fund are almost 2.6 year old. I have time horizon of 10 to 15 years.Now i am 38 year old.

Ans: It's great that you're investing in mutual funds for your future financial goals! Let's review your current mutual fund portfolio and make some suggestions:

SBI Small Cap, SBI Focused Equity, and SBI Blue Chip Fund:
SBI Funds are reputable and have a track record of performance. However, it's essential to review their performance periodically to ensure they continue to meet your investment objectives.
Nippon India Small Cap and Quant Small Cap Fund:
Small-cap funds can offer high growth potential but also come with higher risk. Ensure you have a long-term investment horizon and the risk tolerance to withstand market volatility.
Parag Parikh Flexi Cap:
Flexi-cap funds provide flexibility to invest across market caps. Parag Parikh Flexi Cap Fund is known for its diversified portfolio and focus on quality stocks. It's a good choice for long-term wealth creation.
Suggestions:

Review Performance: Periodically review the performance of your mutual funds to ensure they align with your investment goals and risk tolerance.
Diversification: Consider diversifying your portfolio further by adding funds from different fund houses or investing in different asset classes like debt or international funds.
Regular Monitoring: Keep an eye on the performance of your funds and make adjustments as needed. If any fund consistently underperforms its benchmark or peers, consider replacing it with a better-performing alternative.
Consult a Financial Advisor: Consider consulting a Certified Financial Planner for personalized advice tailored to your financial goals, risk tolerance, and investment horizon. A professional can help optimize your portfolio and ensure it remains aligned with your objectives.
Overall, your mutual fund portfolio seems well-diversified, but it's essential to monitor its performance regularly and make adjustments as needed to stay on track towards your long-term financial goals. Keep up the good work and continue investing systematically for your future!

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I get 81.9 percentile in jee mains session 1 can I get cse in any nit

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My son is pursuing Mechatronics in VIT Chennai. He does not have too much passion towards software programming etc.He is interested to pursue M.S abroad like Germany etc instead of doing GATE /PG in India. I personally feel doing GATE in India and if admitted to premier central institutes hold more value and makes economical sense. Please advise which one is better - if abroad, any specific countries you recommend which has more value for higher education/Career opportunities ? Secondly, What career options within India is good. Is IES a good option if so what specialization should he choose for preparing ?

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Question by Ramesh - Feb 13, 2025Hindi

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I have sold a flat on 12th Feb2025 for Rs.65 lacs. I have bought this for Rs.11 lacs on 5th April 2005. I do not wish to buy another property . I wish to invest in Capital Gains Tax Saving Bonds. I am 72 years old. How much is the LTCG ? How much do I need to invest in the CG Tax Saving Bonds to minimise the tax ? What will the tax amount payable ? Thanks and regards

Ans: 01. Based on available information, you may opt for LTCG with Indexation.
02. CG Tax Saving Bonds may be purchased for Rs.30.00 lakh. It may reduce your tax payment significantly.
03. Please ensure to : (a) Purchase of Bonds with in 6 months from the date of sale of property & (b) Filling of your ITRs in time.
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Asked by Anonymous - Feb 26, 2025Hindi

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sir, I want to check how much money i have in my IT file . i want to purchase land, so want to make confirm is their sufficient amount in file. For this which amount i have to check. Please advice.

Ans: No such information would be available in your IT Return or IT File. Your Funds in Bank Accounts would confirm how much money you have & you may Plan your Land Purchase accordingly.
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Asked by Anonymous - Feb 26, 2025Hindi

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I sold a property for Rs130 lacs in this month. I bought it for Rs.18 lacs in August 2005. I bought in joint name of self and spouse. I got the sales payment equally in both names. We do not wish to buy another property as I am over 70 years of age and my wife over 67 years. How much should we each invest in CG Tax saving bonds to get exemption ? Both of us are filing returns separately.

Ans: 01. Based on available information, you may opt for LTCG with Indexation.
02. CG Tax Saving Bonds may be purchased for Rs.35.00 lakh each. It may reduce your tax payment significantly.
03. Please ensure to : (a) Purchase of Bonds with in 6 months from the date of sale of property & (b) Filling of your ITRs in time.
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Question by Raj - Mar 04, 2025Hindi

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Hi My father purchase ist and barsati floor in 1986 @ 2 lac... He made 3rd floor construction... We dont have construction expenses bills Now he want to sell@ 10 lac each floor to 3 indiviual buyers, means total 30 lac sale considration ., how it can be shown in income tax... Will 2 lac buy value is divide in 3 floor?

Ans: 01. As per details provided in the question, your Cost for all the three Flats is Rs.2,00,000.00 only. This is due to lack of documentary evidence about Cost of Construction (Bills & Source of Finance etc.).
02. LTCG tax may be comparativly less, if you opt for LTCG calculation without Indexation.
03. I would suggest you to get a Certificate of an Architect, who would certify the cost of your property as on 01.04.2001. You may treat this as your Cost for 3 flats and work out your tax details.
Most welcome for any further clarification. Thanks.

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Question by K - Feb 19, 2025Hindi

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I bought a flat in 2000 for 15 lakhs. Recently my wife got a share of land from her dad through settlement deed. We want to construct a house in few months time. Im planning to transfer my flat to her name through a settlement and then sell it for 1.5 crores so as to fund the new house. Will it still attract CG tax for me or for my wife?

Ans: In case you transfer asset to your spouse for inadequate consideration, Income out of such asset will be clubbed in your hands.

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Question by shraddha - Feb 22, 2025Hindi

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Hello Sir, I am 35 year old working women & having SIP of 51K for 15 years. I started it 2 years before.(Current amount is 14L) My salary is 85K per month. I have 10 years daughter. I have currently purchased 2BHK home having home loan of 50L for 15years.My target is close the loan in next 5 years. Rent is coming 15K. EMI is 70K.(35K husband pays the EMI).NPS is 50K yearly. LIC 35K yearly. I want to retire by 2036 with amount of 2cr.Please suggest.

Ans: Hello;

With your current sip of 51 K you may be able to achieve a corpus of 2.13 Cr in 15 years time frame. (Assuming modest return of 10%).

You may use partial withdrawal from NPS/EPF, if any, and LIC policy proceeds to prepay the home loan.

Best wishes;

Mihir Tanna |1026 Answers |Ask -Follow

Tax Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 21, 2025Hindi

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Till now I was filing income tax returns every year including the rental income for a flat jointly owned by me and my wife. For AY 2024-25, the rent was included in my wife’s ITR for convenience and no ITR wea filed by me as I had no other income. Is this ok?

Ans: No

Rental Income is required to be offered by owner/owners who has contributed in acquiring the property.

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Tax Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 19, 2025Hindi

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I have sold my flat for 3cr and purchased new flat for 4.5 ...but the builder has taken only 20% and rest 80% at possession..last week 13 th feb 2025 registration is done for new property...I will get possession around June 2025.I have done FD of rest amount.. kindly advice I will be taxed for fd and ltcg.

Ans: For claiming exemption u/s 54, gain amount is required to be invested in buying/constructing new property as per prescribed conditions. Thus, if before filing ITR if gain amount is paid to builder you are not liable to pay tax on LTCG. However, interest on FD will be taxable. Unutilised amount can be kept in capital gain scheme account.

See more questions »

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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