Posted On
7/3/2017
10:51:48 PM
by
Dookili
sar.how much money you have?
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Posted On
7/3/2017
11:53:01 PM
by
Pension Plan
Why don't you look at some pension plans? LIC would be a good option, relatively safer.
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Posted On
7/4/2017
12:23:34 AM
by
JG
Not just investing all your money FD, go for diversification. FD interests rate can go down further.. Try in varied options like SIP, Pension plan, Mutual funds, Post Office, LIC etc..
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Posted On
7/4/2017
12:39:41 AM
by
Abdul rahman
Hello,
Anybody want me to enter in this topic. I have some good suggestions. If I suggest, do not joke at me. So I am asking before posting..
God Bless
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Posted On
7/4/2017
12:45:01 AM
by
In Same boat
Dear Now Mutual funds are giving very aggressive interest & after one year of investment ,it is all tax free. Recently I have consulted some CA and investment companies. My conclusion is invest 70 % in balance mutual funds, 20 % in Dread funds and 10 % in equity. you will definitely get 11 to 15 % return. No point in keeping it in FD , as when you will withdraw your FD it will be taxable. Take out all your FD from the bank. as It is getting eroded with present inflation rate. ( To day say if you need RS 50000/ per month for day to day expenses, then after 10 years you will need 2 lakhs. Truly , If Modi Government wines 2019 election then 20 % + tax free return is sure. If you are investing 10 lakhs , monthly return is @ 15000 Rs. and if you make SWP ( systematic withdrawal plan ) you can multiply interest with your investment. Best wishes
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Posted On
7/4/2017
12:48:35 AM
by
Retiring
Dear Abdul Rahman,
Your earlier mails were really helping and giving unbiased advise on various issues in Kuwait.
Please educate and suggest me for retirement planning investment. So far i have only FDs in bank.
Thank you in advance
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Posted On
7/4/2017
2:42:21 AM
by
Sm
Apart from mutual funds, you can also consider tax-free bonds. Many such bonds are available for purchase from the secondary market and the interest income you get is tax free.
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Posted On
7/4/2017
2:45:52 AM
by
Pessimist
Firstly, please remember that, considering the proposed changes, you will want to leave this place within the next one year. So forget spending your life here for 25 years and even if you do, forget managing to save. Secondly, there is no guarantee in life, not for the next second, minute and not for the next 25 years. So stop planning that far ahead and take each day as it comes, or maximum one year.
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Posted On
7/4/2017
3:26:23 AM
by
Al-Sayed
Dear Abdul rahman ji, plz give your suggestions, as u r very experienced and having nice suggestions.
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Posted On
7/4/2017
5:37:36 AM
by
Suggestion
Dear Prof. Abdul rehman,
We are still waiting for your valuable suggestions about Post Office & ...
Please post them
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Posted On
7/4/2017
8:32:38 AM
by
CsD
It is difficult to advise you without knowing the total amount you have for investing and if you have any dependants, liabilities etc.
However presuming you have a Rs 1 Crore saving and no liabilities, I would suggest the following :
1. Rs. 9 lakh keep in Post office Deposit.
2. Rs. 10 lakhs keep invested in a Bank FD.
3. Rs. 6 lakhs keep as emergency fund in a Savings account (or even in a liquid fund)
4. Rs. 25 lakhs invest in Mutual Debt fund - this will give you a low-risk return of around 8% or a little more. (Do some research for a good debt fund - I can advise you SBI Magnum Gilt Fund) You need to stay invested for at least 3 years to avoid paying any capital gains tax.
5. Rs. 25 lakhs invest in a balanced fund. This will give you slightly higher return than a debt fund, say 10 to 15%. Risk is also similarly slightly higher. My recommendation : Tata Balanced Fund. No taxes after one year.
6. Rs. 25 lakhs invest in a Large cap fund. This will give you a return of above 16% with a equally higher risk level. My recommendation : SBI Blue Chip Fund. No taxes after one year.
Do not invest all at the same time, spread your investment over the next 6 to 9 months.
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Posted On
7/4/2017
11:39:24 AM
by
INVESTMENT
@CsD Kindly advise, how to invest in mutual funds. Can we invest directly by visiting their website or we have to approach any agent.
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Posted On
7/4/2017
9:16:04 PM
by
PRK
If you are not sure of investment strategy, you can use services of Portfolio Management services (PMS) company. Portfolio Management Service is a tailor made professional service offered to cater the investments objective of different investor classes. The Investment solutions provided by PMS cater to a niche segment of clients. The clients can be Individuals or Institutions entities with high net worth. In simple words, a portfolio management service provides professional management of your investments to create wealth. As per SEBI requirements minimum amount for investment through PMS is Rs. 25 Lakhs. PMS companies are to be registered with SEBI, have many built in safeguards to protect investors. You can check online and chose any PMS company you like. if you have enough money best solution is invest some part through PMS and rest on your own. you can also check this link of a PMS for knowing more about PMS http://www.motilaloswalmf.com/knowledge-centre/investment-faqs/portfolio-management-services
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Posted On
7/4/2017
11:14:11 PM
by
CsD
It is very easy to invest in mutual funds.
1. You can open an account online with 'fundsindia.com' and invest through them. Its a free account. A few documents for identity and address proof will have to be couriered to them. The process is very easy. Go through articles and FAQ on fundsindia website. You can also invest directly with the mutual fund companies by visiting their office in your city, but then you have to do it with each MF company and tracking the investment becomes a bit difficult.
2. Before you invest, do some reading for a few weeks - moneycontrol.com and valueresearchonline.com have some good articles.
3. It is preferable to avoid agents, as they will try to push products which you don't need and you will uncessarily be paying them.
4. Do not buy any ULIP products.
5. If you are investing in mutual funds, stay invested for a long time (not less than 7 - 8 years). Review your fund status only once or twice a year. Don't panic and withdraw if the market goes down and don't get over-excited when it goes up :-)
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Posted On
7/4/2017
11:28:29 PM
by
Amit Thomas
Hats off CaD What a great help you did for many here. You have provided with examples. Really helpful.
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Posted On
7/4/2017
11:55:51 PM
by
CsD
Just one more thing...
To diversify a bit, you can invest in TWO funds in each category, instead of one. Select different companies in each category (say, SBI and ICICI in debt fund category, Tata and Birla SL in Balanced and SBI and Mirae Asset in Large Cap). Dont follow my advise blindly :-) There may be other better funds.
How to select a good fund? Both the websites give you all details of all the top funds in each category. Select a fund which has done well consistently over the last 5 years, 3 years and 1 year and still doing well....
If you are willing to take higher risks, you can also invest in mid-cap and small cap funds which sometimes give fantastic rates of returns (this year around 30%!). But in a bad year they can wipe out your capital also. So think before you invest.
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Posted On
7/5/2017
1:51:30 AM
by
Heed
@CsD, that was an excellent post, clear and simple. I too will take heed of your advice. Thank you.
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Posted On
7/5/2017
2:32:55 AM
by
Leaving_Kuwait
Thanks a lot to all of you for your valuable time & input.
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Posted On
7/5/2017
2:37:05 AM
by
Jo
@CsD Good information for those who want to settle with their hard-earned savings. Not only FundsIndia, another reliable one is Scripbox
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Posted On
7/5/2017
2:38:10 AM
by
friend
If I have say 5 crore ( for example) and age is 60 and can take very low risk. I want to put all in mutual funds and stocks ,How should it be distributed into
Balanced Funds debt funds equite based fundfs stocks .
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Posted On
7/5/2017
2:57:37 AM
by
CsD
If you have 5 crore and you are 60, then why you need to invest? ;-)... just kidding!
Unless you are an expert, stay away from Stocks!
Also, if you have 5 crores, it is not advisable to put everything in Mutual funds. Even if the MF industry is doing well, it is not a wise move to put all your eggs in one basked. At least one crore you can invest in Real Estate and try to generate rental income, and a few lakhs in gold if you wish.
Since you have low risk apetitie, invest maximum in debt funds, say 60% to 75% and the remaining in Balanced Funds. No need to invest in Equity as the balanced funds already have 65% equity.
Finally, if you really have 5 croeres, please consider investing 25 lakhs (just 5% of your net worth) in a Small cap or Mid cap fund and use the income generated to help orphans or less priviledged ones. Thank you.
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Posted On
7/5/2017
4:15:04 AM
by
friend
Thanks CsD, I am convinced....I have some more queries, if you can help me with..
how much % debt funds are giving ? are they really independent of any market fluctuations OR are they really low risk OR no risk at all ? Does a debt fund have any risk ? is there any specific debt fund OR any debt fund is reliable ?
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Posted On
7/5/2017
4:29:14 AM
by
CsD
Friend, there is no investment that is totally risk free except for bank FD's, which are poor investment products. Debt funds invest in bonds and other debt instruments where it is possible for the rate to go down. But such a risk is very low. The variance in returns will not be much. The average return in debt funds is around 8%. Some slightly lower, some higher. You can go to Mutual Funds section in moneycontrol.com and check for the actual returns debt funds have given over a period of time.
Again when selecting a debt fund, go for a well known company (SBI, ICICI, HDFC, L&T, Canara Robeco, DSP, Birla SL, Mirae Asset, Reliance etc.). Select the fund that is not recent, but has a history of 5+ years, compare the performance and then invest.
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Posted On
7/5/2017
4:45:55 AM
by
Amit Thomas
@CsD Are you a Fund Manager.? I really wish to give you my Fund to invest if you are a Manager. Please let me know
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Posted On
7/5/2017
5:07:28 AM
by
Poor investor
@ CsD. Many tanks from my heart for such a wonderful knowledge sharing on forum. Your post has created interest in me to invest and I read fundsindia.com and came across some MF jargons [ balanced fund, equity fund, debt fund, MIP fund etc.] which I tried to understand on google but could not fully understand, being a layman. Can you please give a brief idea of various jargons in layman's language for everyone's understanding?
I am investing in MF since past 5 years limited to Rs. 1 Lac per year which is nothing. A friend of mine told me to invest so I invested but I don't understand a bit of it.
I am in 50s and plan to stay in Kuwait for another 5/6 years. Most of my financial liabilities are at ending stage and I am able to save Rs. 100,000/month. I normally make FD which gives me 6% interest which is of no use.
Kindly guide how Rs. 100000 can be split between MF, FD & liquid cash while explaining in which type of fund to invest. Thanking you once again
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Posted On
7/5/2017
5:12:51 AM
by
CsD
Lol ... no, I'm not a fund manager, not an advisor also. Amit, If you have set up an account to invest in mutual funds and need some help selecting good funds, I can try to help when I have some free time. Send me an email if you need.
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Posted On
7/5/2017
5:19:44 AM
by
Nourah Kuwadi
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You need financing for your home, for the creation of your own Business, for the Works, for your personal needs and Especially for the mortgages, more of doubt. We grant personal credits ranging from 2000 kd to 50,000,000 kd with a nominal interest rate of 1.90% regardless of the amount. Please specify in your loan application the exact amount you would like and the date. Please write to us for your personal loans: [email protected]
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Posted On
7/5/2017
5:24:13 AM
by
Poor investor
@ CsD. Can you write some good funds for the benefit of all?
Alternatively post your mail ID.
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Posted On
7/5/2017
5:39:43 AM
by
CsD
Sorry, there are hundreds of funds and suggesting 'good' one's depends on various factors like your investment amount, period, risk apetite, goals etc. As this varies from person to person, this will be difficult here so I won't waste space here. If you will go to the two websites mentioned, there are lots of resources there which will help you pick up the right funds.
If you need specific advise on choosing funds, email me with your contact info at homeoffice2004 at yahoo dot com. I am not a professional advisor, this is not a paid service and can only respond in person only when I have some free time :-).
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Posted On
7/5/2017
6:08:33 AM
by
CsD
Poor Investor, email me at homeoffice2004@yahoo dot com and I will try to help as you need specific advice which may not be of help to others here.
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Posted On
7/5/2017
8:35:10 AM
by
KV
No doubt CSD gave best unpaid free advice. Just few pointers.
1. It is better to invest in debt funds 3 years before the retirement. Once you go to India after 3 years, your cash flow would not face any issue as you can withdraw what you need (as like monthly interest) and one would not pay any tax. You can read more about debt funds to understand the tax advantage it offers.
2. If you can’t see negative returns in NAV of MFs (completely risk averse), invest your funds in debt funds rather than balanced funds or gilt funds.
3. When you are investing in debt funds, divide in to at least 4 fund houses. I personally prefer HDFC, SBI, ICICI and Canara Robecco
Coming back to original poster, all the advice given including mine would help only after 3 years provided you invest in debt MFs. Meanwhile, how do you manage cash flow for 3 years without taxation would be challenge. 3 years is considerable time. There is possibility that you might dip into your principal.
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Posted On
7/5/2017
11:16:26 AM
by
ssb
Dear Friend, It is better to invest in various schemes depending on the age, requirements, risk aptitude etc. For aged above 60 : 1) Post office senior citizen savings scheme (maximum Rs 15 Laks per head in any Post office or selected SBI branches) 2) LIC varishta bima yojana (monthly pension scheme) 3) LIC vaya vandana yojana (maximum Rs 5 Lakhs per head) Any one invest : 4) UTI monthly pension plan (any one can invest) 5) HDFC Prudence scheme (anyone) 6) Birla sunlife Top 100 7) HDFC tax saver 8) DSP Black rock Tax saver 9) HDFC top 200 fund etc You have opt for Growth option for higher maturity or Dividend pay option for monthly/quarterly payout . Please visit in your nearest respective Mutual fund office and put tick mark for "DIRECT" for better gains. Do not approach any agent. Even if you are not Tax payer, you can invest. Review the performance at least once in 6 months. Keep some amount inBank as Fixed deposit. Take Floater policy - from Health insurance. Do not invest totally in Mutual funds. I wish all the best.
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Posted On
7/6/2017
6:21:13 AM
by
INVESTMENT
Thank you @ CsD and Appreciate for your guidance Being an NRI, when we open a free account with Fundsindia we have to register as NRI or Resident. Kindly advise
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Posted On
7/6/2017
6:44:43 AM
by
CsD
While registering you should register as a NRI. It however does not make any difference to you re. taxation as both residents and NRI's are treated equally as far as Short term or Long Term Capital Gains are concerned. Both NRI's and Residents are liable to pay 15% on short term capital gains and 0% on Long term capital gains.
You can invest either through your NRE account or your NRO account.
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Posted On
7/9/2017
12:03:55 AM
by
Layman
@CaD I am zero in understanding investments. Could you please advice me whether its ok to invest in the following? I just got an email to invest in these products. Your valuable feedback will highly appreciated. 1. UTI-MASTERSHARE UNIT SCHEME An Equity fund aiming to provide benefit of capital appreciation and income distribution through investing in equity 2. UTI-BALANCED FUND An open ended balanced fund investing between 40%-75% in equity and balance in debt with a view to generate regular income together with capital appreciation.
My Question: Can I invest every month a fixed amount into this? Eg: 5000/- per month? or do I have to invest my lump sum amount. Thanks
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Posted On
7/9/2017
6:03:25 AM
by
CsD
You need not invest in lump sum. Instead you can start a SIP (systematic investment plan) where you invest a fixed amount each month for a pre-detemined period, say 3 years, 5 years, 10 years etc.
Both the funds you have mentioned are giving pretty poor returns. Why would you want to invest in these? If you want a large cap fund, you can go for good funds like SBI Blue Chip Fund or Kotak Select Focus Fund. Similarly if you want to invest in balanced funds there are better funds, like Tata balanced fund, HDFC balanced fund etc.
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Posted On
7/9/2017
11:08:20 PM
by
vmv
Thumbs up for the good discussion and suggestions.
few added comments from my side for better financial future:
1. opt for direct option of mutual funds for better returns for this you have to invest directly through fund house, or MF utility. 2. investing from NRE a/c is better , as this money will be repartriable, meaning you can take this money back to outside india if needed. 3. sip is the way to go. 4. diversify your investments into mf, fd, post office, etc
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Posted On
7/9/2017
11:36:14 PM
by
KV
@layman Don't jump into MFs right away. Common sense tells that one should not invest in equity (direct or MFs) when markets are hitting all time highs.
Also for investing in MFs, you need FIRC (Foreign Inward Remittance Cert) to be submitted when you want to get back your funds (during redemption). You need to upkeep all monthly FIRCs as long as you continue SIPs. It is lot of documentation and you need to be systematic not only with money but also docs.
For 5K investment per month, you can look into NRE-RD (Recurring Deposits). You have different periods for RD and no tax is applicable.
If you are not moving to India unlike the original poster, NRE FDs and RDs provide tax free hassle issues. Why you want to get into FIRC, STCG, LTCG and so on associated with equity investments.
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Posted On
7/10/2017
2:53:49 AM
by
friend
@CSD, what do you think about keeping in NSC (7.9 % FOR 5 YEARS) and KVP (7.6%). In case of NSC, even if one falls under 30% tax bracket, but NSC return will be 6% RISK FREE. Isn't it better then Fixed deposits (offering 6% , so effectively after tax it is 4%) and mutual funds(debt is also risky) will fetch you 6-7 % (depending upon prevailing interest rates)
If somebody having 5 Cr and wants risk free returns , you said that 60% to 75% and the remaining in Balanced Funds.
Now, would you like to revise your position , considering return from NSC etc ?
Please , you valuable input ...
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Posted On
7/10/2017
4:06:46 AM
by
CsD
If you want a completely risk-free investment, yes NSC is a good option. But keeping mind the inflation of around 4%, you are effectively getting a return of only 2%. For someone with 5 crore in hand it may be enough, but people with lesser savings and who want to have a decent return, this may not be attractive. This is always the dilemma. The higher the returns, higher the risk!
However as I have said before, it is not wise to invest all your savings in Mutual funds. A part of the savings can be / should be invested in fixed income products like NSC. These however are not totally comparable products. When in need of funds, you can redeem a balanced fund and have access to your funds in 3-days time. NSC on the other hand is not redeemable before its tenure ends.
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Posted On
7/10/2017
4:16:12 AM
by
GK
http://www.goodreturns.in/personal-finance/investment/2016/09/best-hdfc-mutual-fund-schemes-sip-rs-500/articlecontent-pf5093-495017.html?utm_source=daily-newsletter&utm_medium=email-newsletter&utm_campaign=10072017
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Posted On
7/10/2017
4:43:21 AM
by
aladji hassan
Hello everyone i have private Investor in search for possible investment opportunities they are willing to invest in any part of the Middle East, GCC Gulf countries since there is evidence of a prominent economic boom in these areas most especially the Kuwait,UAE,Bahrain.they are looking for a partner(s) with great financial and business oriented background which we can jointly workout any business or project together with any investors.they are willing to finance or invest in a newly created or already running business,they are looking to invest in the following fields: Hotels, Motels, Commercial Villas, Residential villas, Shopping Malls, Hyper Markets, Supermarkets, Crude oil and gas trading, Natural oil and gas, Shipping / logistics, Precious metals (Gold, Diamond and general jewelry trading, Events planning, Insurance company, Hospitals, Schools, Dispensaries, Restaurants / coffee shops, chain stores and retail / wholesale outlets, Branded goods shops, Yacht / Jet-ski / ships...etc.I want serious, direct and genuine business owners, project owners only, no middle men and no time wasted,you can contact me and i can linked you with any of the investors partners ([email protected])
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Posted On
7/10/2017
9:43:40 PM
by
BS
Dear dont go here and there with your cash by investing in various areas inorder to avoid tax. When you become the resident in India, you are liable to pay tax also. Individual tax is supporting the economy of Indian development. So give tax happily for the interest which you will be earning from India only. To avoid tax, if you keep your cash in other ways, you will lose your peace of mind. So be peaceful by living legally, This is my advise. you can accept or not.
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Posted On
7/11/2017
2:07:19 AM
by
Layman
I am confused with all legal terms FIRC, NSC !!! I don't think a layman like me an go into any of these investments. For us we need an agent. Great you guys !!!
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Posted On
7/11/2017
4:21:40 AM
by
KV
@ BS : All tax free investments are not illegal and some tax free investments are perfectly legal. This poster wanted to know those legal tax free investment options and hence suggestions poured in. Did not find any illegal option that someone suggested among replies. Just curious to know which reply did you consider advising tax evasion.
@ layman : Agent would get you in but would not support during cash out. Redemption would become your nightmare. Invest in simple products which are quick to understand and process wise easy.
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Posted On
7/19/2017
6:58:04 AM
by
Thomas
I would like to get an advice from the experts in this forum. I have an SIP started in Dec 2014 - Franklin India Smaller Companies Fund - Dividend. This is 100% pure equity. I have noticed that now the price is very high. Is it advisable for me to close and redeem the money or should I keep it.? Can you please advice me.. Is there any benefit if I keep for more than three years. I am paying 5000 rs per month. should I switch to any other scheme now. Thanks
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Posted On
7/19/2017
9:48:33 PM
by
AD
@CsB,
I came across SBI Life Retire smart pension scheme,
https://www.policybazaar.com/insurance-companies/sbi-life-pension-plans/
https://www.sbilife.co.in/en/individual-life-insurance/ulip/retire-smart
Please advise if it's recommended one, my age is 40.
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Posted On
7/19/2017
10:38:35 PM
by
CsD
Thomas, if you need funds you can always redeem part of the fund, but "profit booking" does not apply to mutual funds. Why have you opted for the 'dividend' option? If you don't need money now, it's better to go for 'Growth' option in funds as the compounding effect helps you to get higher returns.
Franklin India Smaller Companies is a good fund, but if you want a better fund, you can stop the SIP in this one and start a fresh SIP in either Mirae Asset Emerging Bluechip fund OR Canara Robeco Emerging Equities fund. Both are giving higher returns. Choose the 'Growth' option.
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Posted On
7/19/2017
11:09:31 PM
by
CsD
AD, I am not well versed with pension plans, so take my opinion with a pinch of salt.
With the limited knowledge that I have with this plan, I don't like it. Its unit linked, has high charges, returns are not clear, part of the fund when redeemed is taxable etc. Since you are quite young, invest in a good fund and as you near retirement you can use the accumulated funds in buying annuity plan which will give you monthly income thereafter.
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Posted On
7/19/2017
11:19:17 PM
by
Thomas
@CsD I started this SIP through Federal Bank. Is there any problem if I go online and switch to growth now? I went online to switch and it asking Investment preference Financial Advisor or Direct. Is there any negative impact if I switch now (like now the price at high). I am novice in investment. So please bear with me if my questions doesn't make any sense.
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Posted On
7/19/2017
11:58:22 PM
by
CsD
Thomas, re. online switching with Federal Bank you should get clarification from the bank itself. I dont know.
Please note the following before you switch. When you switch from Dividend to Growth whether in the same fund or to a different fund, it is considered as redemption (like you are closing one fund and buying a new one). Hence any SIP payments you made which are less than one year old will have 1% exit load (around Rs. 550 in your case) and also 15% tax on all profit that you have earned only on these SIP's over the last one year. The increased returns in the new fund may off-set these losses. But it's your call.
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Posted On
7/20/2017
12:46:34 AM
by
Thomas
@CsD Thanks for your valuable time and advice.
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Posted On
7/23/2017
5:51:38 AM
by
Martin
@CaD Is it ok to start investing in SBI Blue Chip Fund?? Or should I wait for sometime for the price to come down. I am planning to start SIP with monthly 2000pm. please advice.
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Posted On
7/23/2017
10:02:22 AM
by
CsD
Martin, anytime is good time to start a SIP. The earlier you start is better. Since you are not making lump sum investment and the SIP amount is quite small, market movements won't affect you much. Go ahead, if possible increase your SIP amount to 5K or at least 3K.
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Posted On
7/24/2017
4:31:18 AM
by
Investor
Is it possible to open online account and start SIP? Eg: I need to start SBI Blue Chip Fund. I created an account but it seems I have to give the forms filled and submit physically with a cheque? Is there any other SIP which I can open from here. Will I get the redemption amount as NRE Fund?
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Posted On
7/24/2017
5:01:09 AM
by
CsD
You can open an account online and start a SIP, but while opening the account you have to submit hard copies of documents through courier. No way around it.
Investments to be repatriated, you have to pay through your NRE account. Link your mutual fund investment account to your NRE account and invest through it. If you have a NRE account with HDFC Bank, you can easily open a Investment Savings acount with them, although there is a Rs. 2K annual maintenance charge for it.
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Posted On
7/29/2017
11:12:35 PM
by
Investor
After Reading all the comments here and the valuable advice of CsD, I have contacted SBI Mutual Fund agent and I got a mail and he send few Fund name. My target is Rs. 3000 pm for two Fund (Total 6000 Rs.) in SIP. Can you suggest me the best two among the following. I need to start it immediately.
1. SBI Blue Chip Fund: This fund will invest at least 80% of the corpus in the top 100 companies (Large Cap companies) and only up to maximum 20 % in midcap companies.
2. SBI Magnum Balanced Fund: This is a hybrid fund which will invest about 70 to 75% in equity and the rest in debt.
3. SBI Magnum Global Fund: Will invest major part of the corpus in high quality mid cap stocks with some exposure to large cap as well.
4. SBI Magnum Multiplier Fund: a multi cap fund which will invest into high growth companies.
5. SBI Magnum Mid Cap Fund: Will invest mostly into mid cap stocks with provision to invest selectively in small and large cap stocks.
Scheme 1 Year 3 Years 5 Years 10 Years SBI Blue Chip Fund 15.96 21.86 19.01 10.25 SBI Magnum Global Fund 9.25 23.59 20.44 11.57 SBI Magnum Multiplier Fund 14.15 21.98 18.52 11.96 SBI Magnum Balanced Fund 12.76 19.59 18.22 11.21 SBI Magnum Mid Cap Fund 18.85 30.84 27.20 11.29 Thanks
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Posted On
7/31/2017
6:51:26 AM
by
Investor
hope someone reply my above request
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Posted On
7/31/2017
8:46:08 PM
by
CsD
Investor, without knowing your financial background, needs and risk appetite it is difficult to suggest any schemes to you. It's like suggesting medicine without checking the patient :-)
I would however suggest you start only one SIP with SBI (SBI Bluechip Fund - Growth option) and the second one you take from some other company, say DSP, Reliance, HDFC, Franklin Templeton or Mirae Asset.
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Posted On
7/31/2017
10:37:06 PM
by
Investor
Thanks CsD
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Posted On
3/23/2020
4:32:17 AM
by
Investor
Hi, You can invest in Mutual funds online via Asset Multiplier. I am using it for some time and the best part is that Asset Multiplier team tells you the best funds based on your risk profile. You can look at the products and the investment partners online. Here is the website: http://www.assetmultiplier.in/
Also you can take your risk profile assessment online on the website.
Thanks.
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