SIP
I m having 2 s I p ,investing 5000 each from last 10 years.some one advice me that u should withdraw 50% money from mf when market is on peak. And again invest in the same mf when market going down
Is it adviceable more
Is it adviceable more
Viewed by 192
Simply speaking if you do not need money do not with draw. You may change your MF if you find its returns are less than an average of 12 to 15% per annum. Its better to stay invested and continue the SIP f yu do not need money. If you need money for some purpose then do not hesitate to withdraw as it is meant for use and not for safe deposit. more
Oct 19
GST/ Demonetization/ rise in prices are not blot on center, but lowering FD Interest rate. I understand not minimum common sense in Finance dept about lower middle class lives. more
Oct 18
On the contrary my MF advisor has sent me this: A SIP of just Rs. 10K in Franklin India Smaller Companies Fund would have grown to 42.3 lakhs within 10 yrs. Start your SIP today. Think twice before selling. more
Oct 18
Rs.40-42 Lacs may seem difficult but still you can easily manage approx Rs.30 lacs. more
Oct 31
Sip of 10k for ten yrs means investment Rs.10000*10*12=12lacs
Grown to 42.3 lacs. It is on very very rare case more
Grown to 42.3 lacs. It is on very very rare case more
Oct 18
Advisor or Fund Manager would always paint a rosy picture of the market so that Investors flock to the market and they can earn a good amount by advising or by managing the Fund. At the end of the day, it's UR money so risks & rewards will be borne by you. It's like going to the bar. The bar tender would serve you as much drink as U want bcz his earning is/may be dependent on the sell & further more it is U who is getting drunk and taking a risk on after effects of getting drunk....... Everyone wants to jump on the bandwagon when it is all hunky-dory but never puts their money where their mouth is when the mkt tumults for events like 9/11 or Lehman Brothers crisis. If tomorrow, there is some geopolitical tension or Financial fraud, then the enthusiasm of the investors will really be tested... more
Oct 18
First, evaluate whether your MF is performing in line with Index return or MF of similar category of other Fund Houses. Second, the withdrawal should not attract Tax. Most importantly, in which Sector your MF is investing. If your SIP is growing & giving you a good return, it is always advisable to book some profit bcz boom of today can be doom of tomorrow. Since there is no insurance for future uncertainties of Capital Market, it is always better to play safe and book your profit if U R getting a reasonable return in line with UR expectation. more
Oct 18
Till date I have not withdraw any amt from
mf nor I m aware of any tax procedure.how mf investment benefit
to be calculated for IT more
mf nor I m aware of any tax procedure.how mf investment benefit
to be calculated for IT more
Oct 18
