Ramesh N asked, Currently for this FY 2009-10, I have invested Rs. 25000/- on SBI Magnum Tax gain as a tax-saving instrument. Do you think shall I go ahead with the same for the next FY? Or can you suggest me any other better tax saving mutual fund scheme?
Vijay Dhamani answers, hi, in my view you should have not more than 2 ELSS. Since you have invested in Magnum this year, you can consider Franklin India Tax shield or Fidelity Tax Advantage next year
Narayan Petkar asked, How much income-tax should we pay for the money that we make through MFs & shares?
Vijay Dhamani answers, hi, if you have invested in equity funds, then you do not have to pay any tax on long term capital gains. Long term means that you should have sold your units/shares after 12 months from the date of purchase. On the short term gains you will have to pay tax @ 15%
Ajay Tejani asked, Dear sir is it okay to Prepay home loan and close it should be continued , I have spare capacity what do you advice ?
Vijay Dhamani answers, hi, I am always advised my clients to have less debt in their balance sheet. If you are in a position to prepay your debt, by all means go ahead and do it. IT will ensure that you have more peace of mind at the end of the day. Also you will be able to finally own your house. Nothing like it, go ahead and prepay.
Manish Behl asked, Which is the best mutual fund to invest with moderate risk profile?
Vijay Dhamani answers, hi; the best type of mutual fund for investors with moderate risk appetite would be balance funds. These funds invest 65% of the corpus in equities and 35% is invested in debt. These are treated as equity funds as far as taxation goes. No tax on long term capital gains. 15% on short term capital gains
Sailaja Srinvas asked, Hi Vijay Dhamani, I am 38 years old. What is the best type of investment
Vijay Dhamani answers, There is nothing like best mutual fund or best investment. You should invest in asset classes that will help you achieve your investment objective, that are suited to your risk appetite and investment horizon. Do not invest in a mutual fund or any scheme for that matter because your friend invested or your broker suggested so. Always link your investment to your objectives, risk and investment horizon.
Venkatesh Rao asked, Hi, My son is 9 months old. Presently, we have 1 lakh in his kid's savings account which he got as gifts from our various relatives and friends. We want to invest this amount with an investment horizon of 15 years. Please advice how we can invest this 1 lakh to get maximum returns. Thank you.
Vijay Dhamani answers, hi, start building equity fund portfolio for your son. Start an SIP in 3-4 funds if possible. I am sure in next 15 years you will be able to build a large corpus to meet his expenditure higher education
Megan Dsouza asked, Which is the best tax saving scheme?
Vijay Dhamani answers, In my view you can consider funds like Franklin India Taxshield and Fidelity Tax Advantage fund for your ELSS portfolio. Franklin India Taxshield is a predominantly large cap fund with small exposure to midcap stocks. It was launched in April 2009 and has since inception delivered compounded annualised return of over 30% Fidelity Tax Advantage Fund is a relatively new fund. It was launched in January 2006. The fund has the mandate to invest in stocks across the market capitalisation. The fund is a truly diversified equity fund and comes from a fund house that is known for its research and processes. The fund's compounded annualised return since inception is around 17%.
Annie Verghese asked, hi, i want to make some investments for my son's future...what do you advise?
Vijay Dhamani answers, hi, if you are building an education corpus for your son, then it is better to have a portfolio that comprises predominantly equity funds. I am assuming here that you have atleast 8-10 years on hand. Start building a portfolio of diversified equity funds.
Ananad Mirpuri asked, How will the direct tax code affect us? Where should we invest now? Can u name us some specific schemes?
Vijay Dhamani answers, hi, I am not sure how will the new tax law be like. It's better to wait and watch. For the time being invest according to the existing rules. Once the new tax laws are in place, the decision can be taken accordingly
Chandershekhar Reddy asked, Hi, i am planning to invest in gold is it the right time to invest or shall i wait for some more time please advice
Vijay Dhamani answers, hi, Invest in gold from an insurance point of view rather than investment. Returns from gold have been slightly more than inflation and hence it is regarded as a hedge against inflation. Also, gold is the most sought after commodity when the financial markets are in crisis. In my view an allocation of 10-15% is ideal. Invest in gold via the exchange traded funds ( Gold ETFs) as it is easy to buy and sell compared to physical gold. Never buy gold from banks as the purchase price is always higher by 4%-5%. Invest every month over the next 6-12 months
Karn Sanjeev asked, Hello Sir, Name some best mutual fund for SIP in Chetan' answer
Vijay Dhamani answers, hi, you can consider funds like Franklin India Bluechip fund, HDFC Top 200 Fund, Sundaram Select Midcap and DSP Black Rock Equity Fund
Ved rahi asked, hi i m 40 yr old for tax saving at present i am investing 59k in lic term plan & 24k in reliance sip p.a.now pl.suggest for 17k investment to be made p.a.
Vijay Dhamani answers, hi, if you have a PPF account then invest the balance in PPF. If you do not have a PPF account then opt for 5 year bank FD that qualifies for deduction under section 80C
Vikas Dar asked, hi Vijay, please let us know asset allocation for young and mid aged people under various asset class.
Vijay Dhamani answers, hi, there is no formula to ascertain the asset allocation though more investment advisors follow a simple thumb rule - 100 minus your age should be allocated to debt. So if you are 25 years then 75% of your savings should be allocated to equity. The logic behind this rule is that when you are young you have higher risk taking ability as you have time on your side to recoup the losses you may incur on equity investments. As you grow old, your risk taking ability goes down and hence higher allocation to debt like FD, bonds, post office schemes etc.
Atul Sawant asked, Hi, I have invested in Tata Infrastructure, Reliance diversified power sector fund and Birla Frontline Equity fund and planning to invest in HDFC Top 200 fund and Principal Emerging Blue Chip fund. Please advice if this is the right choice.
Vijay Dhamani answers, hi, you are investing in funds which are at the moment top performing. This may not necessarily be the case always. Always invest in funds whose performance has been consistent. While Birla Frontline and HDFC Top 200 are among my picks, I would like to give Principal Bluechip and Reliance Diversified Power Sector fund a miss. I would rather go for Franklin India Bluechip Fund
Rohit Mukherjee asked, Hello Vijay Dhamani, i want to save my 50K for tax saving. Is there any other investment way apart from 80C(like mutual fund, LIC etc) and home loan interest that can help my gross salary to be reduced to some extent?
Vijay Dhamani answers, hi, you can consider taking medical insurance for yourself and your dependent parents. You will get a deduction under section 80D. The deduction for you will be Rs. 15000 and for your parents also Rs. 15000. If your parents are senior citizens then they will be eligible for deduction of Rs 20,000. You can also donate some income and claim deduction under section 80G.
Ravi Singh asked, i am watching stock markets from last 10-12 year and have just invested in penny stocks .... i m looking for next blue chip companies and intend to invest for long term ...say 10 -15 years? ur guidance please.
Vijay Dhamani answers, hi, you seem to be on the right path finally as far as investing in equity markets are concerned. First build your portfolio with Bluechip Stocks. First focus on building your core portfolio. If you really want to play the momentum then you can keep aside 5% of your savings for this purpose.
Arun Swamy asked, Hello sir, Which is the best SIP product for an investment of 4k a month invested for next 12 months period???
Vijay Dhamani answers, hi, SIP is a simple method of investing in mutual funds. This method helps to average your cost of purchase over the long run which could be anywhere between 3-5 years. It is ideal for investing in equity and balanced funds. You can invest in diversified equity funds like HDFC Top 200, DSP BR Equity Fund among others
Vinay Mokashi asked, i want to invest 50000 for a year. Where should i invest
Vijay Dhamani answers, hi, if you are willing to invest only for a year, then safety of capital comes first. I would recommend that you invest in a bank FD. you will have to settle for lower returns but like I said returns take a backseat if your investment horizon is one year
Sumit Kapoor asked, i want to save my 30000 for tax saving. Where should i invest this money?
Vijay Dhamani answers, hi, there are 3 main options that you can consider; You can invest in safe assured return product called PPF. You can consider ELSS which is a equity fund and carries higher risk. The best would be to divide the amount equally between ELSS and PPF. You can consider taking a term plan for covering the risk on your life. Life insurance premium paid qualifies for deduction under section 80C.
Chetan Kabra asked, i have 1 thousand to invest per month/...were should i invest for a healthy returns in 3 to 5 year
Vijay Dhamani answers, hi, if you are willing to take risk, then equity funds are an ideal option for you given your time horizon of 3-5 years. Invest via the SIP mode and ensure that you are disciplined and patient. Equity markets are known to be volatile and these 2 virtues are essential to be a successful equity investor
| 
No comments:
Post a Comment