04 February , 2012 12:27 IST
Expert Speak

Anil Rego
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Que : How will the market in comming days?
Suresh
Ans: volatile
PV Subramanyam
Que : I have invested in two plans from ICICI (a) ICICI invest shield pension plan in 2003 (b) ICICI prudential life time plan in 2005 Please suggest whether should i continue with this plan or go for some other plan.. regrads Nitin
nitin
Ans: Do not invest. Stop investing - you have completed the minimum investing time of 3 years in both the plans, stop paying. Make it paid up in the sense that let the policy continue without payment. The accumulation corpus will be taxed at the end of the life - when you get it back.
PV Subramanyam
Que : I have query regarding claiming insurance premium for tax exemption. I pay premium annually towards my policy. It is done in February every year. Last year i.e 2009,i did not the pay the premium in time.So i could not claim tax exemption for the same.I paid the premium in June2009. I want to know whether i can claim that for tax exemption this year,since i have paid premium in FY09-10. Also,for the same policy,i am going to pay premium in Feb2010. So can i claim both premium payments for tax exemption?
Sachin
Ans: Yes, you can cliam under 80C , premium for FY is not important and payment date is improtant
Rachna
Que : Can a Person claim Income Tax Rebate under Sec 80C (max limit 1lac) for the principal component of the Home Loan being paid, eventhough the property is under construction and possession is yet to be taken ?
shailandar
Ans: No, Home loan benefit is applicable after completion (self occupied or given for rental)
Rachna
Que : Sir/Madam, If I invest through SIPs in Mutual Funds such as HDFC Top 200, am I allowed to deduct the amount from my income for the purpose of calculating income tax for FY 09-10? Is there any limit on the amount permissible for deduction? Thanks S
S
Ans: Hi, SIP or any investment done are not permitted to deduct from the income. In case you are doing investment which comes under section 80C than you can get benefit while calculating the taxes.
Rachna
Que : as a family we have invested Rs.75L in mutual funds - 35L in equity,25L in Balanced Funds and balance in Debt Funds. equity funds invested are DSP Equity, FT Prima PLus, HDFC Top 200, ICICI Pru Infrastructure, reliance growth, Reliance RSF, sundaram select focus, TATA infra,Dws Investment Opp.,ICICI pru Dynamic.Ft blue chip. balanced funds are DSP Balanced, FT India Bal, HDFC Prudence, Kotak Bal,sundaram bal. tata bal. sbi bal. debt funds are IP Gilt, IP Income, IDFC PGS, Canara Robeco Gilt, we have been investing for the past 3 to 4 years thruogh SIP for period of 18 to 24 months. we have no plans to take out the money for another 10 yrs.minimum. what we want to get advice is should we continue to put our surplus funds in mfs or put it ETF. i do not know much about ETf. but i understand that it is the new trend. i request u to advise whether i should start investing in ETf. also please advise wherein i could details about ETF. with regards, s g chellappa
Senji
Ans: You have invested in too many funds. It does not help at all in reducing risk. You will be better off investing in Nifty bees (etf) and in S&P Cnx 500 - by an SIP. You do not need more funds. Slowly reduce the number of funds. In debt funds other than liquid funds and arbitrage funds you will be better off in ppf in terms of returns. other than hdfc prudence other balanced funds are taxable - a very inefficient way of investing in equities, when equity funds are taxfree! 75L should be in 8-10 fund schemes - 2-3 fund houses maximum.
PV Subramanyam
Que : i wish to invest about 8 lacs in market and leave for 10-12 years. pls recommend about 10 scrips. this will be my pension fund. i am 42 now. piyupiyu9@rediffmail.com
piyush
Ans: Would hate to suggest 10 scrips with a 10 year view. Too risky. Invest in Sensex, Nifty and cnx 500 in the ratio of 30%, 30% and 40% - either etf or index funds
PV Subramanyam
Que : Is there a provision in the Income Tax rules wherein an individual can get rebate on his taxable income for installing a Solar PhotoVoltaic sytem for powering the electrical loads in his house and thus reducing the burden on the state Utility?
Vikram
Ans: No, there is no provision for same.
Anil Rego
Que : Sir, I am housewife, I do shares trading. My clarification is, do i need to pay income tax if my profit is below 1.50 Lacs? Else each rupee from profit would be taxable? Thanks
Saritha
Ans: You need to file the tax, but not to pay tax if it is below 1.8L
Rachna
Que : Sir, can you please tell me about the prospects of Sahara Group from its mutual fund point of view. I will like to invest in its Tax saving Fund. What you think, will be likely condition of this group after say twelve year, hope this group will not go down like GOLDEN FOREST group.
Somnath
Ans: why should you look at a new company...and a new scheme? It beats me. Stick to the big houses. Hdfc, I Pru, also have good tax plans.
PV Subramanyam
Que : Sir, can you please tell me the name of few good tax saving mutual fund, particularly from HDFC house ?
Somnath
Ans: hdfc tax saver and hdfc long term advantage fund
PV Subramanyam
Que : Sir,what are the Children Plans ? Is it some thing like yearly insurance premium or like mutual fund SIP? Can I invest in a Lumpsum amount ?
Somnath
Ans: Child plans are life insurance plans -where the parent is the LIFE INSURED. On death of the parent the sum assured is paid to the child (or guardian if the child is a minor).
PV Subramanyam
Que : sir if one giving monthly 1000 for 30 years at the rate of 10% interest rate, so how to find the amount. i can not take the principal as 1000/month or 12000/annum
Malaya
Ans: Use excel - Future Value computation - and u will be able to calculate the amount
PV Subramanyam
Que : sir i know the power of compounding is great. but i do not know how it calculate. please tell me the formula where i m investing 1000 per month per 10 yrs at 15% interest rate?
Malaya
Ans: Vn = Vo*(1+r)raised to n. Where Vn is the amount at the end of the preiod, Vo is the amount of money you invest now, r is the rate of interest and n is the time period*the frequency of compounding
PV Subramanyam
Que : Hi, This is shakil, i had taken 3 children plans, in icici prudetial life insurance, NEW SMART KID RP ( MAXIMER FUND ) i had taken it 2 years bakc, now the market had crashed, so i want to know whether to switch the fund to balancer, so i need advice from u, so pls advice me , Thanks & Regards, SHAKIL
SHAKIL
Ans: UNLESS you need the money do not do anything. Market may not have bottomed out, may not go up in a hurry, may stay here for a long time. So do not do anything now, just keep paying your premia for next 3 years.
PV Subramanyam
Que : Sir I am phani (24) and I want to make my retirement plan so can you help me in planning me for retirement.I had taken a policy for 3 lakh cover in tata aig ulips with 100% equity .please suggest me abt the other investments.
phani
Ans: Please continue paying this premium for the next few years - immaterial of what your advisor tells you. Look at good mutual fund schemes like hdfc top 200, reliance growth, pru i discovery and do sips with a long term view - upwards of 10 years.
PV Subramanyam
Que : sir, now i my surplus after my expesnses is around Rs.3000 per month. i want to invest these amount. i expecting a good return. pls suggest.
sathishkumar
Ans: hdfc top 200, hdfc prudence, icici prudential discovery, dsp equity, ...are all good funds for the long term
PV Subramanyam
Que : I am 56 f,want to purchase life insurance ,i can invest 2000 pm which plan is best at this age
Pramila
Ans: Please buy life insurance only if you need it. Buy a term insurance ONLY. Take a balanced fund like dsp balanced or hdfc prudence. Do not buy ULIP at this age...
PV Subramanyam
Que : sir i am a student. i want to be a agent who can helps other for their financial management. for that i need the ARN no. so my question is how can i get this no. is that any exam for that. please show me my way.
Malaya
Ans: Yes. You have to pass the ncfm amfi exam. for details see the nse website.
PV Subramanyam
Que : i want to invest 2000/month in elss scheme through sip can anyone suggest the best scheme for the same ? thanks in advance
Ananta
Ans: Please run through www.myiris.com and pick a fund for yourself. At iris we believe teaching clients to fish is better than giving them a fish.
PV Subramanyam
Que : when would market touch 21000 again
bhupendra
Ans: well the market touched 4200 in 1992 and then again in 2002. So you can guess about 21000
PV Subramanyam
Que : in 2000 i bought 20000 shares of HITKARI FIBERS. it was non trading for LAST 7 years. now it is cealing for last 45 days. i understand its in a reverse merging processes with spice energy company. scrip is now 62.65 from 3.75. now i understand that u cannot sell more than 300 shares a day because of some \"z\" group exchnge policy.what should i do. should i hold and get spice energy shares or sell the existing shares as early as possible.pls do guide me. i value your advise.i have invested 3 lakhs in CHILDRENS CARRIER FUND FOR MY DAUGHTER. should i change to some other fund or stay with ccf. thankyou. paul
paul
Ans: In such satta stocks it is difficult to offer any fact based advise?still my personal view is that as you have held it for 7 years, you should continue to hold it till the process of merger with Spice energy is completed atleast. Do not sell in a hurry. There is a lot happening in that group with plans to set up large petro chemical plants and the Spice promoters have proven capability to raise money for funding. Shahina
Shahina Mukadam
Que : how i can file my income tax return for year 2005-06. I have original form 16. with TDS cut
dhaval
Ans: After such a long gap, the IT dept is unlikely to accept your income tax return unless there is a tax payable. You can keep your form 16 as a valid proof for any other need like loan processing.
Anil Rego
Que : good taim for mutual funds investment?
mahesh
Ans: for a retail investor, it makes sense to invest through a SIP. Any time is a good time to start a SIP. However, you should look at equity Mutual fund you should have at least a 5-9 years perspective, if not more.
PV Subramanyam
Que : As the market operations are not good these days whether its safe to invest in ELSS or i can go for RD?
Ssthya
Ans: I guess you mean the markets are volatile. If volatility bothers you, you should not be in equities at all. However, you should realize that over a period of time (say 5 years), adjusted for inflation, you might get returns superior to a RD. However you need to check your own attitude to volatility.
PV Subramanyam
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
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