Hi Sunil, I am planning to buy a under construction Apartment and to fund it, I intend to partly withdraw my Provided Fund(PF). I also have funds available from the sale of my parental flat that was sold around 4-5 months ago (when the parental flat was sold it was on my mother's name). I want to buy the NEW apartment jointly in my Mom's and my name, so that amount received from sale of parental flat is reinvested and capital gains can be avoided on Mom's behalf. However the challenge, I have is, according to the norms of PF, I cannot have joint name other than spouse, if I am using funds from Provided Fund(PF). Please can you suggest me, how I can withdraw from Provided Fund(PF) and also use proceedings from parental flat sale.

Ans: India is shining bright, and all leading sectors are growing, if you are confused where to invest then please buy ETF's

Ans: exit immediately

Ans: yes

Ans: if you are looking for 10yrs plus then only ok

Ans: Patil Sahab, Nippon innovation fund you need to keep for long term say 10yrs plus, as you are retired you should more invest in debt oriented schemes or balanced funds. Please add such funds in portfolio, for you capital preservation is more important.

Ans: Congratulations on your retirement! Deciding whether to withdraw your PF amount from EPFO or leave it there depends on various factors. Here are some considerations to help you make an informed decision:
1. Financial Goals: Evaluate your immediate and long-term financial goals. If you have other sources of income and don't need the PF amount immediately, leaving it invested in EPFO can provide you with a steady income stream through interest earnings.
2. Risk Tolerance: Consider your risk tolerance and investment preferences. EPFO offers relatively low-risk options with assured returns, making it suitable for conservative investors. If you prefer safety and stability over potentially higher returns, keeping your funds in EPFO might be a good option.
3. Investment Alternatives: Assess the available investment options and their potential returns. While FDs offer safety and guaranteed returns, they may provide lower returns compared to other investment avenues like mutual funds or stocks. If you're comfortable exploring other investment options and are willing to take on some level of risk, you may consider diversifying your portfolio.
4. Tax Implications: Understand the tax implications of withdrawing your PF amount. EPF withdrawals are tax-free if made after five years of continuous service. However, interest earned on FDs is taxable as per your income tax slab. Consider consulting a tax advisor to understand the tax implications of your decision.
5. Liquidity Needs: Assess your liquidity needs and emergency fund requirements. If you anticipate any unexpected expenses in the near future, maintaining liquidity by keeping your funds in EPFO may be beneficial.
6. Inflation Consideration: Keep in mind the impact of inflation on your savings. EPFO interest rates may not always beat inflation, affecting the real value of your savings over time. Explore investment options that offer potential returns that outpace inflation to preserve your purchasing power.
Ultimately, the decision should align with your financial goals, risk tolerance, and current financial situation. It's advisable to consult with a Certified Financial Planner or investment advisor who can provide personalized guidance based on your individual circumstances.
Best wishes for your retirement and your son's studies abroad!

Ans: Choosing between a multi-asset allocation fund and a balanced advantage fund depends on your financial goals, risk tolerance, and investment preferences. Here's a comparison to help you make an informed decision:

Multi-Asset Allocation Fund:

• Multi-asset allocation funds invest in a diversified portfolio comprising equities, debt, and other asset classes like gold and international securities.
• These funds offer broader diversification across multiple asset classes, which can help mitigate risks associated with a single asset class.
• The asset allocation in multi-asset funds is actively managed by fund managers based on market conditions, economic outlook, and valuation metrics.
• Multi-asset allocation funds are suitable for investors seeking a balanced approach to investing with exposure to different asset classes.

Balanced Advantage Fund:

• Balanced advantage funds dynamically allocate between equity and debt based on market valuations and internal models.
• These funds aim to offer a blend of equity growth potential and downside protection through active asset allocation.
• Balanced advantage funds often have the flexibility to adjust equity exposure based on market volatility and valuation metrics, aiming to capitalize on market opportunities.
• These funds are suitable for investors looking for a more dynamic approach to asset allocation and seeking to participate in equity markets with some downside protection.

Choosing between the two depends on factors such as your risk appetite, investment horizon, and financial goals. Here are some considerations:

• If you prefer a more diversified approach across asset classes and are comfortable with a relatively stable asset allocation, a multi-asset allocation fund may be suitable.
• On the other hand, if you seek a flexible approach with the potential for higher equity participation during market upswings and downside protection during market downturns, a balanced advantage fund could be more appropriate.
• It's essential to assess the fund's investment strategy, track record, and expense ratio before making a decision.
• Consider consulting with a Certified Financial Planner or investment advisor to evaluate your individual circumstances and determine which option aligns best with your financial objectives.

Ultimately, both types of funds can play a role in a well-diversified investment portfolio, and the choice depends on your unique financial situation and preferences.

Ans: It's great news that you received double salary recently! Doubling your SIP in mutual funds is certainly an option worth considering. Here's some advice to help you make an informed decision:
• Firstly, congratulations on your increased income! It's a testament to your hard work and dedication.
• Increasing your SIP amount can be a smart move to accelerate your wealth-building journey, especially during times of surplus income.
• Before doubling your SIP, take a moment to review your overall financial situation and goals. Ensure that you have an emergency fund in place to cover unexpected expenses.
• Consider your long-term financial goals, such as retirement, children's education, or buying a home. Doubling your SIP can help you reach these goals faster.
• Evaluate your current expenses and commitments to ensure that doubling your SIP won't strain your finances. It's essential to strike a balance between saving and enjoying your increased income.
• While doubling your SIP can boost your investment portfolio, make sure you're investing in the right mutual funds. Active funds managed by experienced fund managers can potentially offer higher returns than passive index funds.
• Opt for regular funds instead of direct funds, as they provide the support of a Mutual Fund Distributor (MFD). An MFD can offer personalized advice and guidance tailored to your financial situation and goals.
• Avoid digital platforms for investing if you prefer a more hands-on approach with professional assistance. Investing through regular funds with the support of an MFD ensures that you have someone to turn to for guidance and assistance.
• Keep in mind that investing in mutual funds carries inherent risks, and past performance is not indicative of future results. Diversification across asset classes and regular review of your investment portfolio are essential for long-term success.
• Lastly, remember that financial planning is a journey, not a destination. Stay committed to your financial goals, stay informed about market trends, and adjust your investment strategy as needed.
In conclusion, doubling your SIP in mutual funds can be a prudent decision to accelerate your wealth-building journey, but it's crucial to assess your financial situation, goals, and risk tolerance before making any changes. With the support of an experienced Mutual Fund Distributor, you can navigate the complexities of investing and work towards achieving your financial aspirations.

Ans: Your investment approach demonstrates a well-diversified portfolio across different mutual fund categories, which is a positive step, especially for someone starting their investment journey. Here are some thoughts on your investment mix:
1. Axis Small Cap Fund: Investing in a small-cap fund like Axis Small Cap Fund can offer the potential for higher returns over the long term, as small-cap stocks tend to outperform over extended periods. However, they also come with higher volatility and risk. Since you're starting your career, having exposure to small-cap stocks can be beneficial for long-term wealth creation, provided you have a high-risk tolerance.
2. ICICI Nifty 50 Index Fund: Investing in an index fund like ICICI Nifty 50 Index Fund provides exposure to the top 50 large-cap stocks in India. It offers diversification and stability to your portfolio while tracking the performance of the Nifty 50 index. Index funds are known for their low cost and passive investment approach, making them suitable for investors seeking stable returns over the long term.
3. Quant Tax Saving Fund: Investing in a tax-saving fund like Quant Tax Saving Fund helps you save taxes under Section 80C of the Income Tax Act while providing exposure to equities. These funds have a lock-in period of three years and primarily invest in a diversified portfolio of equity and equity-related instruments. However, tax-saving funds are subject to market risks, and returns can vary based on market conditions.
Overall, your investment mix appears well-rounded, covering small-cap, large-cap, and tax-saving categories. However, it's essential to regularly review and rebalance your portfolio based on your financial goals, risk tolerance, and market conditions.

Additionally, consider diversifying across other asset classes like debt, gold, or international funds to further spread risk and optimize returns over the long term. Consulting with a financial advisor can also provide personalized guidance based on your individual circumstances and objectives.