| Que : whts diffrence between mutual fund and ulip |
| Uttam |
| Ans: Mutual Fund is an investment Vehicle.where as ULIP is basically an Insurance Policy primarily covering Life/accident/health risk along side with fund Investment in Units 0f Stocks/Bonds/Liquid assets as per the choice of the customer. |
| Saji George |
| Que : Sir, this month my 5yrs Post office TD for Rs 3500000/- is maturing. Do I have to club this ammount with my annual income ? I have inhereated this money after the expiry of my father. |
| Somnath |
| Ans: You can mention : It appears from your mail that you have inherited the money from your father and invested the same into a 5 year Post Office Term Deposit. The same would be taxable in your hands. The interest portion needs to be added to your income. |
| Anil Rego |
| Que : Are there any annuity schemes, whereby I hand over an amount to an institution, and I am paid a guaranteed monthly annuity throughout my lifetime (with no residual value)? |
| V |
| Ans: Yes of course. Almost all life insurance companies have such schemes. You may not be happy with the amount of annuity promised. That is all. |
| PV Subramanyam |
| Que : what is the turnover limit for trading in shares after which to need to go for an AUDIT |
| randeep |
| Ans: After 40 Lakh of sales transactions |
| Anil Rego |
| Que : Please let me know if there are any investment options like deep discount bond (with a 10/25 year maturity) available at this time. Wanted to invest for my child who is 1 month old. |
| Siladitya |
| Ans: No. Makes little sense to put money for such a long time in debt. Put it in hdfc children fund - investment option. It has about 60% in equity and balance in debt. Or look for a good equity fund like Franklin Flexicap, Hdfc equity, ...and leave it there. |
| PV Subramanyam |
| Que : How can we pay minimum taxes for these three income levels: 3 lacs, 5 lacs and 9 lacs? |
| Nethra |
| Ans: 1. Exemptions and tax breaks to be used effectively
Often individuals fail to understand their salary break up, this leads to Lapsation in availing any tax breaks effectively. These are key items which do not require any investment to save taxes.
Some of the exemptions are - HRA, LTA, Medical allowance, other tax effective items are food coupons, company car lease, medical reimbursements etc., which are categorized as perquisites.
Optimize by viewing alternative opportunities (normally available for people in higher income brackets) ? for eg. If you can avail HRA & company car lease work out both options & avail the one which will provide max. tax breaks
2. Section 80C & 80 D
Limit of Rs. 1 Lakh is allowed u/s 80C, use combination of investment which will provide best risk ? adjusted returns.
Sec 80D will provide benefit for Medical Insurance, recent budget amendments allows additional Rs. 15K for premium paid towards parents? insurance. This is in addition to the Rs. 15k for individual /spouse.
3. House loan-proper Structuring can enhance benefits (Can be utilized by person earning Rs. 9 Lakh)
With higher disposable income, young couples aim to own a house, infact multiple houses early during their career, which is positive thing. Their ability to bear a higher EMI at this stage would be higher than when they have additional responsibilities. To enhance such breaks both property ownership and loan thereof can be held jointly. Each such owner can claim the benefit in appropriate ratio. |
| Rachna |
| Que : Pls. guide how to calculate the Capital Gain Tax, for example, on 1st Jan I bought 100 Shares, on 2nd Jan I again bought 100 shares of same scrip and also sold 100 shares.
There may be 2 views: 1. My net holding is of 100 shares which i had bought on 1st Jan with Intra Day gain of 2nd Jan. 2. My net holding is of 100 shares which I had bought on 2nd Jan with ST gain due to sell of 100 shares which I had bought on 1st Jan.
Pls. guide the right way. As many brockers offer nil brockerage on 2nd leg of Intra Day transaction, will it mean that the view taken by brockerage firm of not charging brockerage will be the guiding rule for deciding that the transaction is Intra Day or not.
|
| Vikas |
| Ans: The tax laws follow the first in first out methodology. Hence you need to calculate the capital gains based on the Jan 1 purchase price and jan 2 sale
price. |
| Anil Rego |
| Que : hi,i am 27 year old ,i have taken Rs 8 lakh loan for 17 year form HDFC, my annual income is 4 lakh. my emi is 8000/. i want to paid all this loan in next 5 year so tell me the good investment plan that will be help for my future Thanks waiting for ur reply |
| Firoz A Faruqui |
| Ans: do not repay in a hurry. Use the money for doing a sip in an equity fund like franklin india flexicap or hdfc top 200 or I pru discovery. In 17 years you will have much, much more than 4L. Keep paying the emi and the sip... |
| PV Subramanyam |
| Que : Myself amd my spouse had secured a home loan jointly. For claiming income tax exemption can we both split the interest paid and show it in our returns. Is this permissible under the ITR |
| viagula |
| Ans: Yes, in this case, the husband and wife being tax-payers with independent sources of income can get tax deduction benefits with respect to the same housing loan
Interest paid can be split on the extent of the amount of loan taken in their own respective name. However the payment of interest and principal should be made from their respective accounts. |
| PV Subramanyam |
| Que : Dear sir,
I would like to invest 2.5 lacks for long term investment.Could you suggust me some funds. |
| Mahesh |
| Ans: By long term what you mean can vary from person to person. I am assuming you are talking in excess of 12-15years. Please visit myiris.com and select a large cap fund (60%), midcap fund (20%)and a Monthly income plan (10%). Do regular investments - like an SIP. |
| PV Subramanyam |
| Que : I am having 100 Purvankara Project@ 400/- & 63 Central Bank @ 102/-.Should I hold them for long term, say 01 year or sell them now ? |
| Somnath |
| Ans: Myiris.com can advise a person to go through the whole process of financial planning - from goal setting, writing out a investment philosophy statement, to making a will. Answering piecemeal questions becomes difficult. |
| PV Subramanyam |
| Que : I am planning to invest Rs.30000 in SBI Tax Advantage Fund Series 1. Please suggest me anyother best performing tax saver fund which I can invest in. |
| Karthick |
| Ans: i like hdfc long term advantage and templeton tax shield. Also if you believe in regression to the mean you should look at Ipru tax plan |
| PV Subramanyam |
| Que : Hello,Dear Sir I want to invest Rs.1000.00 per month for education of my daughter for 10 yrs.Please suggest me any scheme regarding investment.
Thanking you
Regards
Raj |
| RAJ |
| Ans: hdfc children plan -investment option. do it online at hdfcfund.com and save the entry load! |
| PV Subramanyam |
| Que : I want to invest Rs 3000/- pm through SIP for at least 15 year. Where I should Invest? |
| Somnath |
| Ans: Choose a good multi cap fund with a large cap bias. Something like 60% in a large cap fund, 30% in a midcap fund and 10% in a MIP should be a good combination |
| PV Subramanyam |
| Que : I want to invest Rs 300000/- at a one go for my new born baby, for a term of at least 20 year. Where I should Invest? |
| Somnath |
| Ans: hdfc children plan - Investment option, growth option. This is one of the consistent performers for a long time. Also take a term life insurance for about Rs. 25Lakhs along with this. |
| PV Subramanyam |
| Que : I earn 25000 Rs per mth 10000 rs are my mthly expenses. I do not have any dependant and am single. I want to make 25 Lac by 2015.I have done SIP of reliance gth, sbi contra, fiprima plus and tata infra of rs 1000 per mth each.I have demat account and made 25000 Rs in this year from that. Today I hold only Maars software with me. Pl guide me. |
| SANDEEP |
| Ans: if you are saving 15k per month why are u investing only 4k per month? You have no large cap fund - please visit our website and choose a good large cap fund |
| PV Subramanyam |
| Que : If i have to buy a house worth 50 lacs after 10 years, how much money do i need to invest per month and where? |
| Deebaa |
| Ans: You will need to save about 39000 per month. At 12% p.a it will go to Rs. 50L. |
| PV Subramanyam |
| Que : Dear Sir Should its better to invest rs.25000/anually for 5 years in a insurance copany with retun of 51% ,with first year allocation of 80% or in mutual fund , |
| sunil |
| Ans: 5 year view, clearly put in a mutual fund. An ul makes sense only if the amc charges are less than 1%, and the term is atleast 10 years |
| PV Subramanyam |
| Que : Is it advisable to take out money from equities and invest into ELSS mutual funds schemes in order to save tax? |
| Khushboo |
| Ans: Of course yes! the fact that you will save 30% of tax is a cushion on the market falling down. The other way to look at it is you are investing in a market of 18k instead of 20k because of the tax break |
| PV Subramanyam |
| Que : I wish to invest Rs 4 Lac for 7-8yrs.Where should i invest |
| Raman |
| Ans: please visit our website and choose a good balanced fund (with more than 65% in equity). Start withdrawing Rs. 50k per month in the final year when you need the money, do not wait for the last day. |
| PV Subramanyam |
| Que : Hi Sir, I am really confused regd this IPO valuations? What do you have say abou
t this..nowadays it is listing at double its issue price..what do you thisnk is
the reason behind this? Is it actually valuation or is market rally moving up th
e prices?? Please can I have your expert comments on that? |
| Firoz A Faruqui |
| Ans: simple demand and supply. Merchant bankers, brokers, all can only guess what the market is willing to pay. When demand is greater than supply prices go up. |
| PV Subramanyam |
| Que : Iam a 23 year old software engineer and about to get married. How can i set my financial goals? |
| shyam |
| Ans: Just simple. Write down things you want to buy, places to visit, things to do etc. then put a date and budget for the same. This is your financial goal statement |
| PV Subramanyam |
| Que : I have 4 ppf accounts in my family amounting to approx. 25lacks over 8-10 years.Is it advisible to withdraw what ever is available and invest in equity mutual funds . |
| Gautam |
| Ans: it depends on a lot of things like your age, the time
> frame for which
> you are investing...etc. If you have say 7 years to
> invst you should
> look at equity. At a lesser sensex or nifty I may have
> said 3 years.
> However today I am willing to say 7 years at this
> current juncture of
> the market. You should partially withdraw from your ppf
> account, and do
> a STP (systematic transfer plan) from a liquid fund to
> an equity fund.
> And you should do this over a 1 year period.
> |
| PV Subramanyam |
| Que : Dear Sir , I want to invest thro sip per month 1000/- for 2 yrs , kindly advise which mutual fund i can invest also if is there gve me option and advantages Thanks damodaran |
| damodaran |
| Ans: 2 years is too short for investing in equity. Please visit our site and choose a good balanced fund. |
| PV Subramanyam |
| Que : Hi, I am 23 yr old, an MBA, earning Rs 25,000 a month. Nobody is financially dependent on me. I pay an EMI of Rs 7,500 as against my education loan. Can you suggest me an appropriate investment strategy keeping in mind my present financial situation? |
| firoz |
| Ans: Assuming you have a surplus of say 5k a month, you should put this money in an elss scheme. Pick a good elss scheme with 5-6 year track record. This will help you save some tax and increase your allocation to equities. |
| PV Subramanyam |
