Amit 5037 - Rediff Gurus

Omkeshwar Singh Answer |Ask - Follow

Head, Rank MF - Answered on Apr 25, 2022

Asked on - Apr 25, 2022Hindi

I am 47 years of age. Would like to invest about 10L in lump sum... I have following questions:

1) Is this the right time to do so?

2) Is MF the right choice to increase the invested amount and get maximum returns?

3) If your answer to point no. 2 is YES, please suggest best MFs according to you and also suggest how to invest directly as taking it from an agent cost something.

Thanks in advance for your valuable advice.

Ans:

- It's very difficult to time the markets, therefore please stagger your investment over 12 months

- MF is a good choice

You may invest in Direct plans of below via Directly on AMC site or Direct platforms;

- DSP Focused Fund – Growth

- UTI Flexi Cap Fund – Growth

- Samco Flexi Cap Fund – Growth

- Parag Parekh Flexi Cap Fund – Growth

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Anil Rego 373 Answers |Ask - Follow

Financial Planner - Answered on Jul 13, 2021

Asked on - Jul 13, 2021Hindi

I am currently employed in the Maldives and my income is approximately USD 4000 a month. I am paying income tax in Maldives. I would like to know if I need to pay income tax in India as well because I will be sending my income back to India. And if I do not have to pay income tax in India do I have to file my ITR?

Ans: An NRI's income taxes in India will depend upon his residential status for the year. If your status is 'resident', you have to pay the income tax in India; if you are a non-resident, then you need not pay the income tax in India.

Any income that you get in India (eg. On investments, rental, etc) would be taxable in India. Whether you are a resident or non-resident you have to file ITR if your income exceeds Rs. 2,50,000 or if you have short term capital gains.

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Omkeshwar Singh Answer |Ask - Follow

Head, Rank MF - Answered on Jan 06, 2021

Asked on - Jan 06, 2021Hindi

I am having funds in the range to 10-15 lakhs, please advise the MFs which i must select to invest in for a period of about 3 years. Further as the market has recovered a lot from Covid period, please advise is it correct time to invest the same.

Ans: You may invest in a basket of hybrid and debt funds if the investment horizon is of 3 years.

EDELWEISS BALANCED ADVANTAGE FUND - GROWTH
Hdfc Short Term Debt Fund - Regular Plan - Growth
UNION BALANCED ADVANTAGE FUND - GROWTH
Icici Prudential Short Term Fund - Growth Option

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