Hi Sreekanth,
Many thanks for replying to my email.
I am a 62 years old retired person. I do not have any family liabilities. My children are well settled. I have invested my funds as follows:
INVESTMENT IN DEBT FUNDS:
Birla Sun Life Dynamic Bond Fund - Retail Growth - Direct Plan: Rs. 5 Lakhs.
Birla Sun Life Dynamic Bond Fund-Retail Plan-Growth: Rs. 5 Lakhs
Birla Sun Life MIP Wealth 25 Plan - Growth / Payment - Direct Plan: Rs. 10 Lakhs
Franklin India Corporate Bond Opportunities Fund - Direct - Growth: Rs. 10 Lakhs
Franklin India GOVERNMENT SECURITIES FUND - Long Term Plan - Direct - Growth: Rs. 2 Lakhs
Franklin India Income Opportunities Fund - Direct - Growth: Rs. 10 Lakhs
Franklin India MONTHLY INCOME PLAN - Direct - GROWTH: 5 Lakhs
HDFC Gilt Fund Long Term Plan -Direct Plan - Growth Option: Rs. 5 Lakhs
HDFC Liquid Fund -Direct Plan - Growth Option: Rs. 18 Lakhs
ICICI Prudential Child Care Plan Study - Direct Plan: Rs. 5 Lakhs
ICICI Prudential Corporate Bond Fund - Direct Plan - Growth: 5 Lakhs
ICICI Prudential MIP - 25 - Direct Plan - Growth: 8 Lakhs
L&T Gilt Fund-Direct Plan-Growth: Rs. 2 Lakhs
Reliance Gilt Securities Fund - Direct Plan Growth Plan - Growth: Rs. 7 Lakhs
UTI Dynamic Bond Fund – Growth Option-Direct: Rs. % Lakhs
TOTAL: Rs. 1 Crore & 2 Lakhs Invested. Present value: Rs. 1 Crore & 18 Lakhs.
I have also invested a total sum of Rs. 86 Lakhs in various FMPs maturing over next 2-3 years.
Kindly advice whether the schemes chosen are good or need some change
Kind regards
Uteesh Dhar
4 Answers
Dear Uteesh Ji,
May I know your investment objective(s) or strategy for investing in these Debt-oriented Mutual funds?
My dear Sreekanth ji,
I am a retired professional and never wanted my whole corpus invested in equities due to their risky nature. Therefore the next best available was debt funds since yield from FD's is poorer after tax deduction.
Investment Objective/Startegy: To get decent returns better than FD's
I hope this answers your query
Regards
Uteesh
Hi Uteesh Ji,
Personally, I invest in MIP fund for my short-term goals ie 2 to 3 years from now ones..
I could see that you have also invested in couple of MIP funds. These funds can give you better returns than other debt oriented funds, because the funds invest 5 to 15 % of their corpus amounts in Equities.
The debt funds (gilt, dynamic, Bond, FMPs) can give you better returns in the next 12 months or so, thanks to the downward trend in interest-rate cycle.
You may continue to hold your investments.
Have a look at Arbitrage funds too, they are tax-efficient ones if units are held for more than 12 months but may not give returns like dynamic bonds or MIP funds.
Read:
http://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/
http://www.relakhs.com/best-arbitrage-funds-returns/
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