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I am a 60-year-old woman with a moderate risk profile and no liabilities. Our monthly outgo of Rs 60,000 is taken care of by my husband. Both my children are settled in the US. We have a health insurance policy of around Rs 25 lakh. There are some investments with me as first holder and my husband as the second holder or nominee. These include Rs 70.4 lakh in bank FDs, Rs 10.8 lakh in REC and EC bonds, Rs 9 lakh in Post Office MIS, Rs 9.90 lakh in post office term deposit, Rs 15 lakh in SCSS, Rs 40 lakh in shares (Tata Power + ITC) and Rs 0.13 lakh in ELSS funds. I want to invest Rs 15,000 to Rs 20,000 (FD interest) every month in inflation beating investment options for 4-5 years to earn 10-12 % returns. I am not interested in PMVVY. I should be able to transfer the amount seamlessly to my children. We may settle in the US in future.
Should I change my mutual funds?
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Last Updated: May 20, 2021, 12:34 PM IST
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I am investing for a long term of 10-15 years. I am 34 years old and I will invest 100% in equity for the next 6-7 years. Post which I will look to shift to debt funds.
Goal - Retirement and education of child
Risk - High (Pure Equity)
Axis Bluechip Fund Growth - Large cap
Axis Smallcap Fund - Small cap
Mirae’s equity schemes may not figure in distributors’ recommended list
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Mirae Asset Mutual Fund has slashed the commission it pays distributors to sell its products in an unprecedented move that has miffed these intermediaries.
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Mirae Asset Mutual Fund has slashed the commission it pays distributors to sell its products in an unprecedented move that has miffed these intermediaries. The fund house said the step is aimed at discouraging distributors to sell their products to reduce flows into its schemes mainly Midcap, Focused and Tax-Saving. Distributors claim the asset manager has cut fees only to boost its profitability. The drop in distributor commissions will however not reduce investors’ annual costs in Mirae’s schemes.
Updated Jan 20, 2021 | 06:03 IST
Here are few equity funds that have doubled investor s wealth in less than four years even in the SIP mode. Representational image
New Delhi: Equity mutual funds are well-known for their wealth-multiplying quality. If invested for a longer time frame mutual funds can multiple investors wealth faster. Even investors who invested through the Systematic Investment Plan (SIP) route have enjoyed superior returns by investing in equity mutual funds. Here are few equity funds that have doubled investor s wealth in less than four years even in the SIP mode.
SBI Small Cap Fund- As on January 15, 2021, 10-year XIRR of this fund was 22.92%. XIRR stands for Extended Internal Rate of Return and it is used to calculate returns on investments where there are multiple transactions happening at different point of time. If you had started an SIP in this fund on January 18, 2011 for monthly investment of Rs 1,000 then the value of the Rs