pragna asked, can i invest in tata aig insurance ulip
Sonali Debdatta answers, hi, I am not in favor of ULIPs. ULIPs combine insurance with investments. For insurance term plans are the best and for investments, mutual funds
Pavan asked, Hi Sonali Debdatta, I've a LIC insurance plan (endowment). I would like to take a term insurance plan as well. In case of my death will I be covered by both the policies?
Sonali Debdatta answers, hi, yes you will be covered by both the policies
sushil j asked, What is different bet tax saving MF and non-tax saving MF ?
Sonali Debdatta answers, hi, between the 2, non tax saving MF are better.
SURESHKUMAR asked, SIR, PLEASE SUGGEST SOME RISK FREE INVESTMENTS FOR RETIRED PERSONS, THANKS
Sonali Debdatta answers, hi, the best investment in current scenario is bank FDs. If you are a senior citizen (60 years and above) then you can invest your money in 9% Senior Citizen Savings Scheme. You can invest up to Rs 15 lakhs in this scheme
KKKKK asked, Which is the best MIP offered by mutual funds?
Sonali Debdatta answers, hi, In my view HDFC MIP - Long Term is among the better performing ones. It has a consistent track record of over 5 years and has given annualized return of over 12% since inception.
sat asked, hi, what is the alternate, when we don't have PF facility & which pension plan is good for free lancers...pl suggest for both....
Sonali Debdatta answers, hi, Pension plans generate regular income for you when you retire. In my view pension plans are not the ideal investments for retirement planning. I would rather encourage investors to build a corpus of investments comprising of equity funds, gold ETFs and bank FDs. The corpus should be large enough to meet your post retirement expenses.
ramka1 asked, I get to my hand 60K/month after all cuttings. I have 1.75L/year as annual premium in ICICI MF plans (smartkid, premier life gold). LIC premium of 1L/year. But still i would like to invest wisely and i'm a moderate risk taker. Please suggest. All my money lying in bank FDs.
Sonali Debdatta answers, hi, you have not provided me information about your objectives and age. Hence, difficult to give you any specific suggestion. But broadly you should have a well diversified portfolio comprising of equity, debt and gold. Do not mix insurance and investments. Insurance should be only used to cover the risk in case of any eventuality. Invest a portion of your money in equity funds and Gold ETFs
ayush asked, Hi Sonali Debdatta, could you please suggest a few good Tax-Saving Funds?
Sonali Debdatta answers, hi, among the better performing tax funds you can choose from HDFC Tax Saver, Fidelity Tax Advantage and Franklin India Taxshield.
Bharath asked, I'm Paying EMI of Rs. 25,000 per month at floating interest of 8% at present (loan for 10 years). If i have a cash of 2 lakhs, should i repay the loan or should invest that amount elsewhere?
Sonali Debdatta answers, hi, I have always advise investors to carry minimum loans in their balance sheets. I would encourage you to prepay your loan and reduce your EMI. This will improve your cash flow and leave more savings at your disposal which can be channelized in to equity funds to build corpus to meet your various goals.
AnilKumar asked, Hi, How about investing in Gold for short term in the current market?. will it bring good return?
Sonali Debdatta answers, hi, I would not recommend investment in gold with a short term view. Typically you should have 10-15% allocation to gold in your portfolio. Though gold is likely to do well in the next few years, do not invest from the trading point of view. It should act like more of a insurance as against investment
value_Investor asked, Is PMS is better than Mutual funds investment?
Sonali Debdatta answers, hi, compared to PMS, mutual funds are more tax efficient and low on transaction cost. In most of the case the PMS fee structure includes profit sharing which is not the case with MFs. I would not recommend PMS. MFs are any day better than PMS.
bakka asked, I want to invest in smaller quantum say lac or so, where shall I invest & what will be assured return?
Sonali Debdatta answers, hi, today the only investment instrument that offers assured returns are FDs from banks and companies. As far as company fixed deposits are concerned do not get carried away by higher rate of interest offered by them. Higher returns come from high risk, hence be sure to study the financials of the company before giving any money to them. Bank FDs carry less risk compared to corporate FDs
kannan_kamal asked, Hi Sonali Debdatta, My salary is 24 k, I have invested in post office 40 k, bank 35 K, mutual fund 70 k, insurance premium 10.5 k yearly, all tax purpose, do u have any suggestions for me?
Sonali Debdatta answers, hi, all your investments are in tax planning schemes. Though your portfolio of tax schemes looks ok to me, I would recommend that you start diversifying your portfolio into non-tax saving schemes. You should add open-ended diversified equity funds (not the ELSS) to your portfolio. This will ensure that you have a wide variety of schemes to choose from. Investing with a view to saving tax may not be the right idea.
vinita asked, I would also like to know how to keep investing small amounts like 20-25k off and on.
Sonali Debdatta answers, hi, in my view the best way to deploy the amount of Rs 20-25k on a regular basis is to buy units of mutual funds. Depending on your risk appetite and investment horizon you can opt for either equity, balance or MIPs
gaurav asked, Should I invest in debt mutual fund. Can you suggest some good debt mutual funds
Sonali Debdatta answers, hi, given the current scenario long term debt funds are not likely to do well. Hence, settle for short term debt funds like liquid plus and short term funds. HDFC Cash Management Fund - Treasury Advantage Plan is a good liquid plus fund to invest in
ps asked, I am 38 years old having one child and my wife. There is no pension system in our Company. Pl. advice how to save for my retirement purposes?
Sonali Debdatta answers, hi, you need to make a retirement plan made for yourself. Start with your current expenditure on day to day living and account for your lifestyle expenditure like dining outside, travel, vacation etc. Factor in the inflation (at least 7%) and work out the corpus required. Then work backward to calculate the amount you need to save every month to reach the target amount. I would advice that you take help of an investment planner to help you with your retirement planning
nanda.hr@rediffmaill.com asked, Hi Sonali Debdatta, I am planning to invest in mutual fund the amount would be between 30k-50k ,but i don't anything about MF can u let me on this and which mf are good for long term
Sonali Debdatta answers, hi, since you are beginning to invest in mutual funds, I would recommend that you start investing in well managed diversified equity funds which have a track record of 5 years to show for. Stay away from sectoral or thematic funds. Invest for long term i.e. 5 years and above and that too via the SIPs. I have mentioned the name of few schemes earlier in the chat. You can consider those for start the SIPs.
dpjoshi asked, I m working with MNC age 40year age,14lac package ,I have house loan of 10 lac ,PPf account, Insurance investment of 2lac, Pension plan, Children policy too. Advice me for good investment for short term(2Year)
Sonali Debdatta answers, hi, for investment horizon of 2 years the best option would be Monthly Income Plans (MIPs) offered by mutual funds. MIPs typically invest 20% in equity and balance in debt. While equity provides the appreciation, debt provides regular income and stability to the portfolio. You can expect average return of 9% from MIPs. Please be informed that returns are market linked and not assured unlike a FD
BVENKATM asked, WHICH IS THE BEST PROTECTION PLAN FOR 30 YRS HAVING SUM ASSURED 20 LAKHS
Sonali Debdatta answers, hi, the best form of insurance is term plan. It allows you take higher sum assured for lowest premium. In my view a sum assured of Rs 20 lakhs is inadequate.
krishna asked, how to invest in gold and silver. which share do we need to buy? help from anyone
Sonali Debdatta answers, hi, for investing in Gold, Gold ETFs are the best. You can buy the units of Gold ETFs through the stock exchange. It is similar to buying stocks. You will have to register with a member broker of BSE /NSE who will help you in buying the stocks and Gold ETFs. As far as silver is concerned you can buy futures or go for physical form.
sp asked, Sir, my & wife salary in hand at every month is 90k, after all expenses i have in hand 50k left which i want to invest .. my age is 35, also i have home loan is 9 lacs and car loan is 3L, so could u plz tell me that I have to prepay our loan amount or invest in MF for long term.
Sonali Debdatta answers, hi, i would recommend that you start investing in mutual funds via SIPs. Keep repaying your loan through EMIs. As and when you have lump sum income like bonus etc use it to prepay your loan this will reduce your EMI and make more money available for SIPs.
Sonali Debdatta asked, Hi Sonali Debdatta, I make 90K per month and I'm 25. Could you pls suggest how should I plan my investments if I want to retire at 45 ?
Sonali Debdatta answers, hi, given your time to retirement of 20 years, you should invest 60-70% of your monthly savings into equity funds. Start SIPs in 4-5 well managed diversified equity funds (avoid sector specific funds)with a good track record of at least 5 years. Take help of an investment planner to make a retirement plan for yourself which will tell you how much you need to invest every month to ensure that you have adequate corpus by age of 45 years which will ensure that you lead a comfortable retired life
Sudhir asked, sir, my salary in hand at every month is 18000k, after all expenses i have in hand 6000 left which i want to invest .. my age is 35, also i have bank balance of Rs2.5 Lakhs..pl.i got 2 sons one 6yrs & other 2yrs
Sonali Debdatta answers, hi, in my view you should get a comprehensive investment plan made for your self which help you meet your various objectives like children's higher education, marriage and your retirement. It will help you invest your monthly savings in the right investments so that you can meet your goals on time
manav asked, Sir, let me know if there are any short term investment plans
Sonali Debdatta answers, hi, if your investment horizon is less than 12 months then you can consider liquid plus and short term funds. The returns can be in the range of 4.5% to 5%
SANDEEP asked, Is it possible to make money in stocks? or sip is better?
Sonali Debdatta answers, hi, it is very difficult to make case for or against any stocks and SIPs. Both are different ways of investing. Investing directly into stocks requires access to timely and reliable information on the companies whose stock one wants to invest in. Also, it requires constant monitoring of the performance of the company. If an investor was to have a portfolio of 15-20 stocks then it can be a full time job. Unless, the investor has the required amount of time and necessary information he should invest in diversified equity funds preferably through SIPs. Investments in MFs are managed by full time professional fund managers and hence the investor is saved from the botheration of tracking companies. SIPs also ensure that investor does not fall into the trap of market timing. It is important for investor to understand that results of SIP investing are visible over 3-5 years
sd asked, Could you please suggest some good funds (non-ELSS) for investing through SIP. Maybe for a period of 5-10 years?
Sonali Debdatta answers, hi, you can consider funds like HDFC Top 200, Franklin India Flexicap and DSP BR Top 100 for SIPs for 5-10 years
vm asked, I have invested recently in HDFC top 200 using SIP as dividend re-investment. In view of long term investment at least 10 years,,,, Is dividend re-investment better option than Growth?
Sonali Debdatta answers, Hi, there is no difference between the growth and div-reinvestment in the current scenario. In the growth option the NAV continues to grow and the units remain constant whereas in the div-reinv option a part of the appreciation is converted into dividend and the dividend amount payable to the investor is reinvested on the day following the dividend record date. The NAV per unit. drops by the amount of dividend per unit after the record date. Currently dividends are tax free and long term capital gains on equity oriented mutual funds are exempt. Until few years ago, dividends were tax free while long term capital gains were taxable. Hence, investors preferred dividend reinvestment, as the appreciation in NAV was reduced to the extent of dividend thereby reducing the overall tax liability in case an investor
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