Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: form 3cd :: VAT Audit :: Central Excise rule to resale the machines to a new company :: empanelment :: articles on VAT and GST in India :: TDS :: list of goods taxed at 4% :: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« General »
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months

Tax Query Corner - (11.05)
May, 11th 2010

I am 33, with an investment horizon of over 10 years. Could you tell me: (i) Which are the best fund houses for equity MF schemes? (ii) I plan to invest Rs 5-6 lakh in equity funds. Should I invest the amount in schemes managed by 2-3 fund houses. Will this reduce my risk? (iii) What are the costs I could incur? (iv) Which option should I go for growth or dividend, to maximise my returns?
Shrijesh S

HDFC Mutual Fund, Fidelity Mutual Fund and DSP BlackRock Mutual Fund are some of the fund houses whose equity funds have an impressive long-term track record across parameters. By investing in funds from different fund houses, you will be able to incorporate an element of diversification in your portfolio; this is certainly advisable. Investment management fees and other expenses are applicable to all funds. These are often displayed in fact sheets and other documents as a consolidated number the expense ratio. Also, in some cases, an exit load may be charged, depending on the tenure of the investment. Finally, growth and dividend are simply different options for investing in a fund, depending on the investors need for liquidity. Neither is better or worse off than the other when it comes to delivering returns.

I intend to invest in an MIP by transferring a fixed amount from my salary every month to the same. Please explain the procedure.
Deepak

I assume you are referring to making investment in a monthly income plan (MIP) by means of a direct debit from your salary account. Most fund houses offer the facility for investing via the systematic investment plan (SIP) route through a direct debit. After identifying the MIP, you should fill the auto debit/ECS form from the fund house. Also, you need to write a cheque for the first investment instalment. Subsequently, the fund house will debit your salary account every month in line with your instructions.

I hold 10,000 units of Tata Indo-global Infrastructure Fund, bought during its new fund offer period. It is a close-ended fund. Please advise on whether I should sell or hold these units.
Velayudhan Nair

At present, your loss on the mentioned investment is notional. But, liquidating the investment will convert it into an actual one. Also, liquidating before the expiry may attract an early exit charge, and thus add to the loss. You should make a choice based on your need for liquidity and ability to take on risk. If you are in no urgent need of liquidity and can take on the risk of staying invested until a turnaround occurs, then you should do so. However, if that isnt the case, then you should consider selling the investment.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions