Need advice on my Investment

Q & A Forum › Category: Investments › Need advice on my Investment

Aram Jy asked 10 years ago

Hi Sreekanth Reddy, I am NRI and plans to invest Rs 9 lakhs for minimum 7 years. Already I am investing 20,000/- in below MF equities by SIP

Franklin India PRIMA PLUS
HDFC Balanced Fund
BSL MIP II - Wealth 25

Already I have Life and health Insurance. Please help to give advise on Investment. Thanks Aram Jy

1 Answers

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Sreekanth Staff answered 10 years ago

Hi, You may invest some lump sum amount in MIP fund. The remaining Corpus amount can be invested in STPs (Systematic Transfer plans) from HDFC Liquid fund to HDFC Balanced fund & Franklin Treasury Mangmnt A/c Fund / Franklin Cash mangnt A/c fund to Franklin Prima plus fund. But, kindly note that STPs are treated as normal redemptions and hence the gains from Liquid funds are subject to taxes. Read: http://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/