VISHAL MENGANANI OF TRIDENT FINANCE REPLIES TO QUERIES

Dutta asked, is there any limit of tax benefit on pension plan, i want to invest 1 lakh every year what is my tax benefit
Vishal MengananI answers, ideally don’t go for off the shelf products as your needs are unique to you, go for a customized retirement plan with a financial planner. ________________________________________
Pasad D K asked, hello sir, I'm planning to invest 1Lakh. Can you please suggest me which FD is best? (time frame 3-4yrs)
Vishal Menganani answers, Network 18 FD
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Abhishek asked, Hello Sir, I have now joined as Management trainee in a finance Co. I just want to know which scheme will be more beneficial for me for investment monthly. I am now drawing salary 15k per month. Apart from SIP is there anything beneficial? If it is SIP then should I go for SBI or any other organizations?
Vishal Menganani answers, look for the track record of the scheme apart from the fund house. you can go for franklin bluechip, HDFC top 200 and DSP BR 100
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Pravakar asked, Hello Sir, good afternoon. i am in confusion i.e. shall i go for Recurring Deposit for 5 year with an amt of 1000 or invent 15000/yr in HDFC for 5 yrs.
Vishal Menganani answers go for HDFC Ltd announced a Systematic Saving Plan (SSP), which will pay variable interest rates on recurring deposits to investors.
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Reddy asked, Hello Sir, I have started investing SIP in HDFC TOP 200 (Rs. 1000), DSPBR TOP 100 (rs. 1000),HDFC Prudence Fund(Rs. 1000), DSP BR Balanced Fund (Rs. 1000), IDFC Premier Equity FUND (Rs. 2000).Kindly tell me about my portfolio.
Vishal Menganani answers stay invested
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TIWARI asked, HELLO SIR, KINDLY ADVISE WHETHER LUMP SUM AMOUNT IS GOOD OR SIP'S ARE GOOD FOR INVESTMENT IN MUTUAL FUNDS.PLEASE ADVISE TWO BEST INCOME FUND & TWO BALANCE FUND / EQUITY FUNDS
Vishal Menganani answers it is always advisable to go via SIP as the load on your pocket is less, you manage volatility better and you could stay invested for longer terms. I would advise you to stay away from income funds for the year. HDFC Prudence/DSP Balanced are my picks.
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ND Roy asked, Pl suggest a life insurance policy
Vishal Menganani answers go for term plans
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Deep Dutt asked, II understand that its mandatory to invest in ULIP's for 3 years, is it advisable to take the money out after 3 years? or should i continue with the investment?
Vishal Menganani answers explore the option for "reduced paid up" with your insurer and invest in a term plan and mutual fund
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Mansha K asked, I understand that its mandatory to invest in ULIP's for 3 years, is it advisable to take the money out after 3 years? or should i continue with the investment?
Vishal Menganani answers explore options of "reduced paid up" policy with your insurer and invest the amount in a combination of term plan and mutual funds
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Amit Karp asked, Where should I invest Rs 1 Lac for 10 years for my child's education ?
Vishal Menganani answers you could start with an equity heavy portfolio and annually reduce your exposure to equity by say 10% per annum.
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Vikas asked, Sir, I have 3 lakhs rs at my disposal which i want to invest. I need them may in next 1-2 years for my MBA fees. As i cant go for long term bets kindly suggest some scheme, MFs etc. As markets are too volatile these days i don’t want to go into schemes fully exposed to equities.
Vishal Menganani answers go for bank FD as you need to preserve your capital.
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Siddhu asked, According to you is it wise to invest in single premium insurance policies say for example LIC's Bima Bachat? For a working professional who already have enough insurance say approx. 65 lacs of sum assured.
Vishal Menganani answers the minimum cover should be 15 times your take home, if you are exceeding it then don’t invest any further in insurance.
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Thatgartha asked, Sir your suggestion on Birla SL BLUCHIP (G), DSP TOP 100 (G), HDFC Growth Fund, DSP BR Tiger(G), Rel Div power sector Fund (G), DSP BR Equity (G)
Vishal Menganani answers stay invested
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Misal Pavan asked, Sir your suggestion on Birla SL BLUCHIP (G), DSP TOP 100 (G), HDFC Growth Fund, DSP BR Tiger(G), Rel Div power sector Fund (G), DSP BR Equity (G)
Vishal Menganani answers stay invested
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Praveen Sankhe asked, Hi Sir, I am investing in HDFC ULIP and HDFC Equity Fund. Please suggest me some other funds (1 diversified, 1 balanced and 1 MIP) to make my portfolio complete.
Vishal Menganani answers exit ULIP and invest in HDFC top 200 (Diversified) HDFC Prudence Balanced) Principal MIP Plus (MIP)
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Deepak Singh asked, Sir I have around 10 MFs with investment around 7 lakhs. Some of them are giving very good return but on average my returns is 15 % in two years. Please suggest
Vishal Menganani answers compared to the markets you seem to have fared well. when we advise our clients we assume equity to give you 12-15% approx. so stay invested
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Rambabu asked, Hello Sir, I am interested to invest in SIP with an amount of Rs 1500/- per month. Can you suggest 4 to 5 mutual funds?
Vishal Menganani answers HDFC top 200 and DSP top 100
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Sourav asked, Hello Sir, I am 37 years old and started investing SIP in equity diversified mutual fund of Rs.12500/ per month from December 2009. I am looking forward to invest for 23 years in mutual fund. My quarry is after how many years will I start to transfer from equity to debt fund and how much will I expect to get after 23 years of SIP investment.
Vishal Menganani answers as a general rule your age number should be the minimum exposure to debt i.e if you reach age 40 then atleast 40% should be invested in debt instruments, however as you near your goals then you can reduce your equity exposure to under 10%.
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Argi K asked, Dear Visal I m a NRI guy. Want to invest some 8 lakh rupees in India for next 4-5 years. Kindly suggest some good options except property. Thanks
Vishal Menganani answers invest in Equity MFs with a large cap bias.
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Satish Shetty asked, Hi Vishal, I am new to investments and illiterate on the subject. My monthly salary is Rs. 20000/- after expenses i can save 10000 a month. Where can i save and how can i benefit from this.
Vishal Menganani answers align your savings and investments to your goals and proceed accordingly.
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JC Gupta asked, WHY EXPERTS ADVISE TO KEEP OUT OF ULIPS? I HAVE ABOUT 1.50 LCS PER ANNUM TO INVEST PLEASE SUGGEST SOME GOOD MUTUAL FUNDS.. IS RELIANCE REGULAR SAVINGS EQITY GROWTH A GOOD OPTION? ADVISE
Vishal Menganani answers ULIPS are sold as combination of insurance and investments. The insurance cover is maximum 5 times if it has to enjoy 80C benefit. Also ULIPS take away a lot of ur investments under mortality charges, fund management charges and commissions to agents. Thus out of 100 rupees you pay in the first year only 75 rupees on an average gets invested. In MFs on the other hand it is close to 99 rupees. As of reliance regular savings its a good funds and you should stay invested.
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Sundara Iyer asked, Most of the ELSS are losing it's charm; is there any investment(Tax benefit) can replace ELSS in the near term for 3 years?
Vishal Menganani answers For all its flaws ELSS has one of the lowest lock ins. Bank FD has 5 years, NSC has 6, PPF 15 years (partial withdrawal at 5). Thus even if you have chosen a wrong scheme you could exit the earliest from an ELSS
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Raj asked, I want to know about ELSS, for how many years we can invest here and which ELSS is best now a days, Is it a best option to invest here. Please advise.
Vishal Menganani answers ELSS is an equity linked instrument which provides tax benefits under section 80C. They have a lock in of 3 years.It is a good option factoring in the power of equity and tax benefits. Some good schemes are HDFC Tax Saver and Franklin Tax Shield
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Ashfaq Khan asked, Sir, I want to save Rs.10,000 per month, which is the best investment option for me
Vishal Menganani answers you could invest in a mix of debt instruments like debt funds, bank FDs etc and equity MFs via the SIP route.
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Sunder Bhamgara asked, currently i am doing SIP in Kotak opportunities 1000, DSP TIGER - 1000, Principal Emerging BlueChip - 1000, ICICI Discovery phase - 1000; are these funds are o.k.? shall i make change in my portfolio? If yes, please suggest good funds; Thanks
Vishal Menganani answers exit principal and ICICI fund and invest in HDFC top 200 and DSP top 100 as that would reduce the risk of variation in returns.
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Ravi Kiran asked, Hello sir, please tell me investment apart from shares &insurance investment rs one lakh. short-term period.
Vishal Menganani answers investment horizon less than 6 months should go for liquid plus funds, for a longer tenure upto 1 year you can go for floating rate fund
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Modink asked, I have recently invested Rs15000/- in Tata Equity PE fund Trigger 10%,Rs15000/-in Fidelity India Value fund and Rs.30000/-in Sundaram BNP Paribas PSU OPP. Fund. My time horizon shall be 5 years. Whether Investment is right or should I Exit?
Vishal Menganani answers Although we are averse to thematic funds, but your time horizon allows you to stay invested with an otherwise good choice of funds.
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Santhosh asked, I have few units of reliance pharma mutual fund exactly invested 1 year before and now it shows nearly 50% profit. Is it right time to sell or hold it for some more time.
Vishal Menganani answers you can book profit but do not exit.
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Srinath Kasargod asked, hello sir, I'm planning to invest 1Lakh. Can you please suggest me which FD is best? (time frame 3-4yrs)
Vishal Menganani answers there is a possibility of the deposit rates being hiked and hence my advise would be to park your money ion savings bank account with sweep in facility and invest in FDs post the rate hike. In corporate FDs we advise for HDFC Ltd Systematic Saving Plan (SSP), which will pay variable interest rates on recurring deposits to investors.
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Archana asked, Hi Vishal .....Please tell me with a small amount like 1 lakh rupees where I can invest...except insurance policies & mutual funds
Vishal Menganani answers you could invest in bank FDs, post office MIS, Tax Free Bonds etc. However do note that if for low risk investments the returns would be commensurately lower too.
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