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  • Nitin Vyakaranam

    11 Oct - 04:00hrs

    Where should you invest for your retirement

    Nitin Vyakaranam Founder & CEO, Artha Yathra

Posted By: guest:

I have taken a cash advance on credit card of Rs 85000. The bank is asking me to pay Rs 1.5 lakh for closing that advance. Is there a cheaper way out? Though I am paying them small sum each month, the loan does not go down

Posted By: Nitin Vyakaranam

: Interest rates on credit cards can be in between 1.5-3%PM.It is suggestable to clear the fund as early as possible, as it would effect your credit score.Contact your bank and clear the debt.

Posted By: guest:

I am 40 year old and want to plan a Retirement Fund. Can you help??

Posted By: Nitin Vyakaranam

: Sure. While investing for your retirement fund it is important to understand the risk appetite of an individual. Depending upon the risk appetite, portfolio must have efficient asset allocation which can be done through diversification. Investments in mutual funds through monthly SIP is a best option for your retirement which has a benefit of Rupee Cost Averaging & where you no need to time the market. Selecting a correct portfolio based upon a risk appetite can be done through a Financial planner.

Posted By: guest:

Whats the best asset to invest in, for planning ones retirement?

Posted By: Nitin Vyakaranam

: There is no such asset class for planning your retirement. While investing for your retirement fund it is important to understand the risk appetite of an individual. Depending upon the risk appetite, portfolio must have efficient asset allocation which can be done through proper diversification. Investments in mutual funds through monthly SIP is a best option for your retirement which has a benefit of Rupee Cost Averaging & where you no need to time the market. Selecting a correct portfolio based upon a risk appetite can be done through a Financial planner.

Posted By: guest:

SIR,I AM A SR.CITIZEN AND TAXPAYER FILING ITR REGULARILY.MY UNMARRIED SISTER AGED 86 LIVES WITH ME.I AM HER ONLY BROTHER.SHE PURCHASED A PLOT (COST 3 LAKHS)AND GOT REGISTERED IN MY NAME SINCE SHE COULD NOT MOVE.THE AMOUNT PAYED BY HER HER SAVINGS AFTER RETIREMENT AS TEACHER.SHE IS NOT A TAXPAYER GETTING PENSION OF 11000 P.M.WHAT LIABILITY OF TAX COMES ON ME?

Posted By: Nitin Vyakaranam

: A person on whose name property is registered he needs to pay property tax.At the time of sale, if any capital gains arises, he has to pay 10% without indexation and 20% with indexation on capital gains.

Posted By: guest:

What is the interest cost charged on credit card debt?

Posted By: Nitin Vyakaranam

: Interest cost varies from 1.5%-2.9%PM

Posted By: guest:

I am on retirement stage , i want monthly rs 25000.00 as a dividend , how much i have to spare in dividend paying MF which is safe , can suggest name of MF to fulfil my requirement .

Posted By: Nitin Vyakaranam

: Instead of investing in dividend plans in mutual fund where you lose the opportunity of compounding your money.It is suggestible to invest in ultra term mutual funds and use Systematic withdrawal plan(SWP) option for your monthly expenses , where you can expect returns around 7.5-9% with the less amount of risk.

Posted By: guest:

Would it be safe to invest in retirement fund of various mutual fund? if yes, could you please recommend some of them? thanks

Posted By: Nitin Vyakaranam

: No.Investing in one particular fund for your goal would not be right choice.while investing for your retirement fund it is important to understand the risk appetite and the time horizon for your retirement. Depending upon the risk appetite, portfolio must have efficient asset allocation which can be done through proper diversification. So it is recommended to invest into various asset classes which include equity,commodities and debt .

Posted By: guest:

I do active trading, My income is Ipo and stock market trades only. Looking at volatility in the market, i dont save in mutual funds but in PPF only. Is it a good idea to save in ppf or I shud start investing in mutual funds.

Posted By: Nitin Vyakaranam

: If you see the interest scenario in PPF, the interest rates are falling and they cannot beat inflation in long term. If you invest in mutual funds, you get better returns by investing in a diversified portfolio according to your time horizon and risk appetite. If you are saving in ppf to save taxes then better invest in ELSS which give better returns and comes with a less lock in period than PPF

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