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Originally Posted by dre@ms
(Post 3482426)
....Now what is this SIP and if investing less than 5 years, what do you suggest... |
Originally Posted by nazimk24
(Post 3480954)
It's applicable to all funds not classified equity-oriented. The only way to pay lower tax is to hold on to such funds for over three years, after which one will likely pay little to no tax, since the LTCG structure is 20 percent with indexation benefits. (For indexation benefits, inflation for the three years will be deducted, and the tax will be applicable on the rest of the gains. ) |
Originally Posted by swiftnfurious
(Post 3481519)
I was switching from HDFC Tax saver (to another HDFC mutual fund) and this would incur NO additional loads (exit & entry) which is a service charge kind of thing. |
Originally Posted by vasanthjn
(Post 3482458)
....Entry load has been abolished by SEBI nearly 3 years back, hence none of the MFs charge entry load now... |
Originally Posted by vasanthjn
(Post 3482458)
....OT: Why dont you invest directly in MF's. If you go through an advisor/Broker/Fundsdirect/fundsupermarket all your investments are routed through normal plan which provides less return than Direct Plan which will have a difference of 3% to 4% in a span of 10 years.. Nowadays many Fundhouses allow you to invest Directly online. |
Originally Posted by swiftnfurious
(Post 3482464)
I had invested into HDFC directly. And then I added this thru ICICI Direct as I wanted a consolidated list of my stocks & mutual funds. And the same reason why I switched it using the same platform. |
Originally Posted by dre@ms
(Post 3482426)
Will look out for some Hybrid fund. Sorry for the noob question, but this investment of 2000 is per month or one time. |
Originally Posted by nazimk24
(Post 3482231)
Just had a quick glance at Axis's tax saving fund. Robust performance till now (though I'm not clear about what investment philosophy it follows). But I would be cautious about the relatively short time it has been in existence (a highly one-dimension investment process could be tested under a severe downturn). Also, look at DSP Taxsaver and Franklin Taxshield. |
Originally Posted by goandude
(Post 3482367)
I presume you mean Axis Long term equity fund which is a ELSS fund. However, Reliance Tax saver is also a very good 4* ELSS fund and better returns than Axis Long term Equity |
Originally Posted by faustus77
(Post 3482783)
Nazimk/Goandude My immediate question is whether to wait for a deep reaction or invest at 25600 sensex index. |
Originally Posted by swiftnfurious
(Post 3482455)
SIP = Systematic Investment Plan which is investing in a steady way for a minimum of 6 months (onwards) like we pay our EMIs. This is a very good way to invest if we don't have a lump sum to invest initially. The con is that the fund keeps growing (as the market spikes) and by the time next monthly investment comes, the value would have gone higher per unit which means you are buying at a higher price. But for a long term, it should NOT matter. |
Originally Posted by MaxTorque
(Post 3482560)
Yeah, it is every month. Once you are habitual to the stock market fluctuations, you can keep on adding some good funds and build a strong portfolio. |
Originally Posted by dre@ms
(Post 3482954)
So that means one month I pay 2k and based on the market, my next month investment would come down or go higher. |
Originally Posted by dre@ms
(Post 3482954)
So that means one month I pay 2k and based on the market, my next month investment would come down or go higher. Am I sensing it right? 1. One month I pay 2k and the next month should I pay the same or it can be lesser or higher? 2. Any penalty charges if I miss one month payment |
Originally Posted by dre@ms
(Post 3482426)
My requirement is long term, but also to tackle unexpected expenses. Now what is this SIP and if investing less than 5 years, what do you suggest. |
Originally Posted by dre@ms
(Post 3482954)
So that means one month I pay 2k and based on the market, my next month investment would come down or go higher. Am I sensing it right? 1. One month I pay 2k and the next month should I pay the same or it can be lesser or higher? 2. Any penalty charges if I miss one month payment |
Originally Posted by vasanthjn
(Post 3482458)
The FM has made it very clear in this budget that the indexation benefit will not be available for the debt funds. Hence its a flat tax of 20% on debt funds. ... Nowadays many Fundhouses allow you to invest Directly online. |
Originally Posted by faustus77
(Post 3482783)
DSP and Franklin have a smaller corpus under management compared to the others. Will definitely look at them specially FT. 1100 + crores is OK Yes Reliance has surprisingly given an amazing return of 77% . How come it is no 2 on the ratings? My immediate question is whether to wait for a deep reaction or invest at 25600 sensex index. Regards |
Originally Posted by S_U_N
(Post 3482812)
Last month sensex was more than 25000 and I was hesitant as well. Finally took the plunge and invest lump-sum since I had money piling on. In just one month, the gain is 7% on both those mutual funds. Probably I just got lucky? |
Originally Posted by goandude
(Post 3482367)
I presume you mean Axis Long term equity fund which is a ELSS fund. However, Reliance Tax saver is also a very good 4* ELSS fund and better returns than Axis Long term Equity |
Originally Posted by swiftnfurious
(Post 3482455)
The con is that the fund keeps growing (as the market spikes) and by the time next monthly investment comes, the value would have gone higher per unit which means you are buying at a higher price. But for a long term, it should NOT matter. |
Originally Posted by sgiitk
(Post 3483079)
SIP means the same amount every month at the same date. If the units are costlier then you get fewer, if they are cheaper then you get more. In the long term this adds up in your favour. |
Originally Posted by S_U_N
(Post 3483337)
The payments are automatic - you have to provide a mandate. So, there is no way of missing it, unless you don't maintain sufficient balance. |
Originally Posted by nazimk24
(Post 3483582)
As elaborated upon above, SIP is a way to invest via regular monthly payments (also called cost-averaging in personal-finance terms.) You can talk to your agent/fund company to figure out how to set up an SIP. You will pay 2k every month (or can choose to tweak the amount). If a payment does not go through because of insufficient balance, the fund company will not charge (though it may cancel the SIP if payments are missed repeatedly). The bank, however, may levy an ECS return charge. |
Originally Posted by dre@ms
(Post 3483988)
Thanks for all the explanations. Stuffs about mutual fund and investments are slowly unfolding before me. Let me make use of Fundsindia help and will soon decide which one to take for. :thumbs up |
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