Personal Finance

Posted by :

ashport

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Dear Experts

I just wanted to know which of the AMCs/Funds are providing the facility of dividends SWEEP option (from equity funds to other debt/balanced funds)under divident payout plan? I cross chechecked with sone of the AMC website but apart from Birla Sun Life, I could not not find any.

Regds

Ashport...

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26 Nov 2009 12:51

Wrong units switched

MF & Taxes

Posted by :

m_i_khilji

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Dear Ashal,

As I mentioned in previous post, I have sent am email to HDFC-CAMS regarding the issue and waiting for the reply.
I just wonder, how TDS done will be adjusted!

regards,
MIK...

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Wrong units switched

Posted by :

ashalanshu

Dear MIK, Plz. note in case of MF as well as shares FIFO (First In First Out) method is used.

So in ur case, the AMC is at fault. Plz. inform them with all the details & ask them to rectify the problem.

I hope in all probability u `ll get ur money back.

Thanks

Ashal

26 Nov 2009 11:06

Book Profit or Keep

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Dear Zapper, I advised to redeem for following reasons.

U already hold HDFC Top 200, DSP Top 100 & Birla Fr`line Eq. All r well performing large cap funds. At the same time, u r investing in K-30, HSBC Eq. & SS Focus. All these 3 funds r also large cap oriented. So in effect u were investing in total 6 large cap funds. Off late HSBC & SSF r not performing well & K-30 is an aggressive kind of fund. that`s why i advised to redeem to all 3.

DSP tiger is a sectoral/thematic fund. For long term portfolio, ur other funds r also giving u exposure to infra theme so over all no requirement is there to remain in this fund & off late performance is also in question.

K-Opp. is again an aggressive kind of multicap fund. So i advised in favor of DSP Eq. & Rel. RSF Eq. At the same time I also advised to top up in ur remaining large cap funds so that there is a stable base of large cap funds in ur portfolio. preferably around 50-60%.

Thanks

Ashal...

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Book Profit or Keep

Posted by :

zapper

Dear Ashal,Sharma ji,

Thank u very much for the suggestion. Why I should redeem the funds mentioned by you now and not wait for some more time? It would be very helpful if you both can justify your suggestions which will help me understand better in future. Is it the right time to redeem and invest when the markets are high?

Thanks
zapper

26 Nov 2009 07:45

mutual funds

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If you want to Invest for 10 years, DSPBR Equity Fund is Better Option.

It is multicap Funds & had generated Better Returns than Average Equity Fund in all CALENDER YEARS since 2003.

It Reshuffles Portfolio between Largecap & Midcap as per Conditions of Market.

P.C.Sharma

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mutual funds

Posted by :

arinshare

Dear All,

I have Rs. 1000 for investment in MF through monthly SIP for next at least 10 years and there is one choice between Birla Sun life Frontline Equity (G) and DSPBR Equity (G).
Please suggest me which will be correct pick and why?

26 Nov 2009 07:37

Where should I invest??

Best Funds to Buy

Posted by :

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Invest in HDFC SHORT TERM Fund & OPT for Weekly STP to HDFC Top 200 Fund or HDFC Prudence Fund.

You may also Invest in other Funds.

P.C.Sharma...

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Where should I invest??

Posted by :

aggarwalsahil88

I have about Rs.80,000 with me.I had invested the money last year at abt 16K level in mutual fund. When the market went down and got back again, I withdrew all my money expecting the market to crash again. But that hasnt happened. So now, I have all my money with me which is lying idle. Can you please suggest me where to invest?

26 Nov 2009 07:33

Book Profit or Keep

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I have Mentioned to Redeem one by one because
we DONT know when market will go UP or DOWN.

P.C.Sharma...

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Book Profit or Keep

Posted by :

zapper

26 Nov 2009 07:23

Book Profit or Keep

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Dear Feroz,

You may Redeem UNITS just Equal to Profit only. Dont Redeem all UNITS.

Even Better Option is to OPT For Dividend PAYOUT & Switch Dividend in DEBT Fund directly.

Invest Profit Part in any one or more of Following Funds

- FT India Dynamic PE Ratio Fund of Funds

- Birla Sunlife Dynamic Bond Fund

- Canara Robeco Income Plan
- ICICI PRU Income Oppotunity Fund

- HDFC High Interest Fund Short Term Plan

- Reliance Short Term Fund

P.C.Sharma

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Book Profit or Keep

Posted by :

feroz83

Dear P.C,

If we book the profit and want to invest in a debt fund on a long term, which funds would you suggest like short term debt/long term debt/gilt.

Kindly advise.

Feroz

26 Nov 2009 03:57

Book Profit or Keep

2 replies to this message

Posted by :

zapper

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Addressed to ashalanshu, pcspune

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Book Profit or Keep

Posted by :

ashalanshu

Dear Zapper, Redeem from following funds.

DSP Tiger
K- Opp.
K-30
HSBC Eq.
Sund. Select Focus

Ur remaining funds `ll be -
BSL Fr`line
HDFC Top 200
DSP Top 100
Rel. Growth
The first 3 r large dcap oriented funds & Rel. Growth is a midcap fund. So there is scope for addition of multicap funds like DSP Eq. & Rel. RSF Eq.

From ur total redemption amount, invest in DSP Eq. & REl. RSF Eq. as well as top up in above 3 large cap funds.

After all the adjustment ur total funds `ll be 6. Which is a good no. to observe & follow the performance.

thanks

Ashal

26 Nov 2009 00:22

TAX IMPLICATION ON SURRENDER VALUE AND PARTIAL WITHDRAWL

Insurance Help

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Dear Chandrakant, If u don`t require money now plz. let it remain there. In all probability either u r below than what u have paid thru prem. in last 3 years or just on break even.

If u opt to partial withdraw, it`s tax free but it `ll bring down ur fund value 7 accordingly the charges `ll be recovered from ur reduced fund value so ur remaining fund `ll deplete very fast.

As only 3 years have completed, surrender of policy `ll invite Tax on full money u r receiving from policy. As the surrendered amount `ll be added to ur income from all other sources & taxed accordingly.

Thanks

Ashal...

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TAX IMPLICATION ON SURRENDER VALUE AND PARTIAL WITHDRAWL

Posted by :

drclpatel1975

Respected Experts,
i hold SBI LIFE UNIT PLUS REG. TERM ULIP from July 2006. iT HAS COMPLETED ITS 3 YEAR OF LOCK IN PERIOD. Now i can withdraw amount from my ulip. Also i can surrender the policy with 1% charge. I would like to know tax imoplicable on surrender value as well as on partial withdrawl. Which one will be more tax beneficial for me?
My ulip is with life insurance. it is not a retirement plan.
kindly guide me for my dilemma
CHANDRAKANT

26 Nov 2009 00:12

capital gains

Tax Planning & Help

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Dear Mitesh, As on date u hold a total 70 shares of RIL. out of which 30 shares r more than 1 year old, hence if u opt to sell these shares @ Ex bonus rate, ur LTC losses `ll be ignored as rightly pointed out by dear Subasu.

For ur remaining 40 shares of 8 months holding if u opt to sell these shares @ Ex bonus price, the loss `ll be STCL & u can adjust this loss against ur STCG of 1L Rs. To bring down ur Tax liability on ur STCG of 1L Rs. u may adopt this bonus share selling method to other share also where bonus is due or may be call within next few days.

Thanks

Ashal ...

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capital gains

Posted by :

mit_esh

i am holding 30 RIL shares sincelast 2 years @2585/share and another 40 @1600 since last 8months.i have short term capital gain of 1lacs and long term capital loss of 50000 from other shares transaction during current year.
what strategies i shall adopt vis-a-vis these ril shares to reduce my tax liabilities on short term capital gain? can i carry forward long term capital loss?

26 Nov 2009 00:03

TAX TREATMENT- LISTED NCDS

Tax Planning & Help

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Dear friends. as the NCDs r listed on Exchange & if u want to sell it, the gains if any `ll be treated as STCG (as u r selling b4 completion of 1 year) & u `ll be taxed accordingly.

Thanks

Ashal...

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TAX TREATMENT- LISTED NCDS

Posted by :

Guest

What would be tax treatment for Tata NCDs sold before completion of one year???

26 Nov 2009 00:01

Book Profit or Keep

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Book Profit or Keep

Posted by :

zapper

Dear Ashal, Wadia and Sharma ji,

Last yr i invested in following MF (dividend pay-out option)
BSL Frontline Equity
HDFC-Top200
DSPBR-TIGER
DSPBR-Top100
Kotak-30
Kotak Opportunities
HSBC Equity
Sundaram Select Focus
Reliance Growth

Now, one year has completed. Please suggest shall I book profits or keep these funds or book partly profit.

Thks
Wishes
zapper

25 Nov 2009 23:52

Retirement planning from 30

Retirement

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Addressed to pcspune

Dear Srivatsa, In ur planning, I have a problem.

Ur current age is 30Y.
Expected Ret. age is 45Y.

It means u have only 15 years to accumulate corpus.

Now due to medical science`s advancement, ur life expectancy is already more than 75Y. It means u `ll live a minimum of 30 years on ur ret. corpus.

Do u feel within next 15 years u `ll be able to accumulate the corpus which `ll be able to generate Tax as well as inflation adjusted returns for next 30-35Y?

Think again regarding ur decision of retiring @ 45Y. In my view, at least extend it by 10 years for ur age 55.

The approach taken by dear pcspune is excellent.

Thanks

Ashal ...

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Retirement planning from 30

Posted by :

vatsa_rj

Hi
Iam currently 30yrs old and would like to retire in another 15yrs.I want to make an investment for my retirement so that I can get monthly income 15yrs hence forth.This income is required to just cover my monthly expenses and considering that i have own house and no debts.
Please let me know whats the best option available.

Thanks
Srivatsa

25 Nov 2009 23:46

Capital Gains tax on transferred shares.

Tax Planning & Help

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Addressed to RANJAN, subasu

Dear C M Naik, From ur post, i feel u want to transfer money (u r using shares to transfer money) from ur hand to ur wife`s hand & later on u `ll use this money to generate taxable/non taxable income under ur wife`s name.

This way u want to avoid Tax liability (as & when it occurs) if u use the share sell money under ur own name to invest in FDs or STCGs etc.

Since the holding period is already more than 1 year, there is no problem on taxation front. For ur own good, it`s advisable to prepare a gift deed on a plain paper to avoid future problems.

thanks

Ashal...

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Capital Gains tax on transferred shares.

Posted by :

naik.chandru

I want to transfer my stocks to my wifes account. I have been holding thos shares for more than a year now. will she be subjected to capital gain tax if sold in a month or so?

C M Naik

25 Nov 2009 23:40

Regular Income / Dividend

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Addressed to pcspune

Dear friend, In ur post it`s not clear that u r in immediate requirement of money or u want it after a gap of some years say 5-6 years.

The way as suggested by dear PCSPune is excellent but the only problem, it `ll require time to execute in full & from ur post, time frame is not clear.

Plz. post more details.

Thanks

Ashal...

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