Loss in sipOne Reader wrote : Hello ExpertsI have a question, a very important one.I have been investing in MF via SIP from last 3 years and as of day, my investment of 6 lacs have come down to 3.8 lacs which shows loss of 2.2 lacs as of date. However I had a long term view but with current meltdown, I am worried as others are.With US market hitting 12 year low and other asian markets hitting 5 year low and our market have not tested the 1 Year low, chances of testing 2200 on nifty looks pretty high.I am planning to take out the money, complete...
Sunday, 26 April 2009
Thursday, 23 April 2009
Heavy loss In Tax Funds
Posted on 08:13 by Unknown
Fig wrote : I have made heavy investments in tax saving mutual funds as part of my tax planningin last 2 years. They are as follows2007 -SBI Magnum Tax Gain Dividend - 35,000/-HDFC TaxSaver Dividend - 30,000/-2008 -SBI Magnum Tax Gain Dividend - 42,500/-SBI Tax Advantage Sr-1 Dividend - 15,000/-2009 -SBI Magnum Tax Gain Growth - 8000/-Sundaram BNP TaxSaver Growth - 5000/-5 year FD @ 8.5% under 80C - 37,500/-Actually I have realized LATE that there was not much difference in NAVs of these MFs when sensexwas @ 7k and now when it is @ 9k. Thus I...
Posted in ELSS, Financial Planning, Investment Advise, MF Lessons, Mutual Fund Advise, Tax Planning
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Help me to Choose ELSS....
Posted on 07:37 by Unknown
Dear Sir,I am planning to invest around 30,000 in ELSS fund ( or funds ), but not able to decide because of the market situations. My present investmentsin ELSS funds are as follows.1. HDFC Tax saver - 30,0002. Reliance ELSS - 30,0003. Principal personal tax saver - 10,000no need to say I am suffering loss in all...-)These investments are for long term.. Alteast 10 years..Pls adivice me which fund should i go for or should i look for any other option in which I can save tax too...Pls adviceDevgunSRIKANTH SHANKAR MATRUBAI advises :Dear Devgun,Your...
Posted in ELSS, Financial Planning, Investment Advise, Mutual Fund Advise, Tax Planning
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Wednesday, 15 April 2009
NRI's Investment Dilemma
Posted on 07:58 by Unknown
Mohammad Idris Khilji wrote :Dear Mr. Srikanth,I am doing fine, and wish to the Almighty for the best in Health & Career for you.As you know, I am an NRI and using my NRE account to invest in mutual funds.As of now, I have lost almost 2.4 Lac out of 5.1 Lacs of my investment.Even though, I am invested regularly in:Reliance Growth - 2K SIP+InsureHDFC Top 200 - Total 3KBirla Frontline - Total 3KICICI Infra - Variable AmountKotak Opportunities - 1KI started VIP of 2K in HDFC Growth & Reliance Banking also.But since last couple of months, I...
Saturday, 11 April 2009
Comment on My Portfolio
Posted on 03:41 by Unknown
My name is rakesh, came acorss your blog.Its amazing, very hepful and has very good articles, keep up the good work.I just wanted ur opionion on my MF investments. At present i have started sip in foll. funds from sept'08 -Reliance Growth - 500 * 4 = 2000HDFC Top 200 - 1000 * 1 = 1000DSPML Top 100 - 2000 * 1 = 2000Sundaram Select focus 500 *4 = 2000Please advise if these funds are safe and good for longterm.Prior to these i have lost a fortune in stock market and MF. My portfolio is down over 50% at this time. Its only about 3-4 mts back...
JEEVAN AASTHA - A FAILURE
Posted on 03:38 by Unknown
Jeevan Aastha doubles your money in 10 yearsJeevan Aastha although provide gtd. returns but plz. note the NET Yield is variable for different age person due to difference in prem. paid for the same amount of cover.Some info for this policy is given below.Minimum Sum assured = 150000 & can be purchsed in multiples of 30000Max. Sum assured = No limitPrem. type = single prem. onlyType of policy = Traditional endowment policy with gtd. returnMinimum entry age = 13 years (nearest birth day)Max. entry age = 60 years (nearest birth day)Policy term...
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