Home > Money > Question
Ulhas

Ulhas Joshi  |25 Answers  |Ask -

Mutual Fund Expert - Answered on Mar 14, 2023

mohan Question by mohan on Mar 04, 2023

Money
how does anyone compute the gain on redemption of mutual fund if rs.10000 is invested in 2005 and now rs.50000 is redeemed
Ans: One of the best ways to value calculate returns is using the extended rate of returns, popularly called XIRR.

As you have invested Rs.10,000 and their redemption value is Rs.50,000, you have derived an XIRR of around 9.35% for the tenure.
Money

You may like to see similar questions and answers below

Omkeshwar

Omkeshwar Singh  |965 Answers  |Ask -

Head, Rank MF - Answered on Nov 20, 2019

Money
I have 4 mutual funds listed below: 1. HDFC Balanced Advantage Fund 2. HDFC Hybrid Equity Fund 3. Aditya Birla SL Equity Hybrid 95 Fund 4. ICICI Pru Value Discovery Fund I have been investing in them from the past 27 months and this is a very long term investment say for my retirement. What returns can I expect after 10 years and do I need to change anything? I have also invested lumpsum amount of 50k in: Invesco India Growth Opportunity Fund L&T Infrastructure Fund HDFC Small Cap Fund and SBI Blue Chip Fund Except for L&T others seem to be performing well. Please advise what can be returns in next 5 years
Ans:
Name of the Fund Category RankMF Star Rating
HDFC Balanced Advantage Fund Hybrid - Balanced Advantage 4
HDFC Hybrid Equity Fund Hybrid - Aggressive Hybrid Fund 5
Aditya Birla SL Equity Hybrid 95 Fund Hybrid - Aggressive Hybrid Fund 5
ICICI PruValue Discovery Fund Equity - Value Fund 3
Lumpsum amount of 50k-  
Invesco India Growth Opportunity Fund Equity - Large & Midcap Fund 4
L&T Infrastructure Fund Equity - Sectoral Fund - Infrastructure 2
HDFC Small Cap Fund Equity - Small cap Fund 2
SBI Blue Chip Fund Equity - Large Cap Fund 4

You may continue with the 5 & 4 star rated funds and sectoral funds to be avoided presently for others can be considered from the below.

Value Funds Suitable options considering quality and value for money at present levels are Tata Equity PE Fund and UTI Value Opportunity Fund

Midcap: Suitable options considering quality and value for money at present levels are Motilal Oswal Midcap 30, DSP Midcap and Axis Midcap

Small cap: Suitable options considering quality and value for money at present levels are Kotak Small Cap and Axis Small Cap

Aggressive Hybrid: Suitable options considering quality and value for money at present levels are Axis Equity Hybrid Fund and Tata Hybrid Equity Fund

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap and Motilal Oswal Multicap 35

Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25, Motilal Oswal Focused 25

(more)
Money
Anil

Anil Rego  |305 Answers  |Ask -

Financial Planner - Answered on Jun 09, 2022

Money
It's very informative to read your column in Rediff. I have some queries I hope you can help me with: I have not worked since 2017, and there is no income. But I have some investments in equities and equity MFs long term. Hope to hear your valuable answers on these questions. My questions are: 1. If I redeem my MF how is the capital gain tax computed? I know that 10% is the tax on the gains. But since I have no income and as there is no tax for earning till 2.5 Lakh, and additionally 1 lakh (or is it 1.5lakh) on equity MF redemptions, can I deduct 3.5 lakh from the amount received through gains and apply 10% tax on remaining? Anil Rego::The basic exemption can also be claimed additionally. 2. Also, what is the difference in terms LTCG on long term equities, long term equity MFs and long term balanced MFs? Anil Rego::Balanced MFs with equity holding above 65% and equity MFs, both are treated as equity funds and will be taxed as equity fund. Balanced funds with equity less than 65% will be treated similar to debt funds (non-equity). 3. Can long term loss in equity sale be adjusted with long term gain of equity MF or only with similar equity gains? Please advise.
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.

(more)
Money

Close