Retirement
Iwant to build a portfolio for retirement. I am planning to invest about Rs20,000 per month in mutual funds for the next 10 years. Please guide me. 
MLF’s Reply:  Equity mutual fund schemes can generate great long-term, tax-free returns, provided you invest in the right schemes. Since your investment horizon is 10 years, you could invest in equity schemes through a systematic investment plan (SIP).
 
By saving Rs10,000 per month, you would be able to accumulate a corpus of Rs23 lakh at the end of 10 years, assuming annualised growth rate of 12%. As your income increases, you could also save an additional amount towards retirement each year. If you increase your contribution towards retirement by 10% each year, you would be able to accumulate a corpus of Rs34 lakh.
You could also choose to save through equity-linked savings schemes or notified retirement fund schemes, to avail a tax rebate on the investment. 
 
I   am an NRI (non-resident Indian), 60 years old. I may have some money (about Rs25 lakh) to invest towards the end of February 2015. I am interested in getting maximum returns and can afford to take high risk. I have no taxable income in India. Could you kindly suggest the best mutual funds to invest in? I look forward to your expert advice.
MLF’s Reply:  If you have a sufficient retirement corpus/income source that can cover your retirement expenses, you may take additional risk exposure for the long term. Equity mutual fund schemes can generate great long-term, tax-free returns, provided you invest in the right schemes. The key here is long-term investment which should ideally be for a period of at least five years.

User

Online MF Investing
I am a software engineer and want to invest in mutual funds online. I need advice on how I can invest online. Please also suggest the best mutual fund in terms of returns and tax savings with inflation-adjusted returns.
 
MLF’s Reply:  To invest in mutual fund schemes, first you would need to have your KYC (know your customer) details registered. To check if your KYC is registered, visit-https://www.cvlkra.com/kycpaninquiry.aspx.
 
If you are not KYC-compliant, you could register your KYC at the time of investment. This needs to be done offline. Hence, you would need to visit the office of a fund house to register your KYC. Once your KYC is registered, you can invest online by visiting the website of a fund house. You would need to fill in an online application form and invest through Internet banking.
 
There are several online distributors as well who facilitate online investments. But you will not get the option to invest in lower-cost direct plans.
 
Equity mutual funds would be best for long-term returns. After one year, the returns are tax-free. You could invest in equity-linked savings schemes to get a tax rebate at the time of investment. 
Returns from mutual fund investments fluctuate all the time and can be volatile over the short term. But, historically, equity has outperformed debt and fixed-income instruments over the long term. An ideal way to deal with volatility is to invest regularly or via SIP. 

User

COMMENTS

Vinay Dixit

2 years ago

Which fund is best to invest

Vinay Dixit

2 years ago

Which fund is best to invest

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