Queries
Shelly Mehta , Mumbai
I would like to invest `50 lakh , which at a moderate or lower risk , will give me `45,000 per month . Kindly suggest the options and the breakup to invest in the same . You have not mentioned your term of investment . Your return expectation is 10.8 per cent net of tax , so total expected return is 12 per cent . Return is directly proportional to risk . More the risk , more the return . The term of investment also matters . Combination of balance mutual funds and debt funds are good options . Looking at your risk profile , we suggest a short-term debt fund of three to five years with a return of around 7.5 per cent average , which has moderate / lower risk . You can do systematic withdrawal from that at a rate not more than 5 per cent .
If you ’ re ready to take a slightly higher risk , then the balance fund category is advisable , with a systematic withdrawal plan of not more than 7 to 8 per cent .
As some funds give up to 10 per cent withdrawal without charging an exit load within one year , it attracts 10 per cent capital gains tax . It is still a good option considering an average return of around 13 to 15 per cent over 10 years and more .
HINA SHAH Certified Financial Planner & Founder ,
Luhem Comprehensive Financial Planner can invest in either debt or equity fund . You can specify the duration of payout you require - whether monthly / quarterly / semi-annually - and also the amount that you need at those intervals . The returns in SWP mutual fund will be subject to the performance of the fund and market conditions . Thus , at the end of the term , if the fund provides more returns than the amount withdrawn , then the capital invested will appreciate , and in case of lower returns , it will reduce .
Ashok Shah Partner
N A Shah Associates LLP
Shantanu , Faizabad
How can I recover my money invested in fixed deposit receipts of NBFCs without going to court ? Is the RBI ombudsman active now ? What is the procedure of filing a complaint through an ombudsman ? You can visit https :// rbi . org . in /
Scripts / Complaints . aspx and look at the section on ombudsman scheme for NBFCs . All the details are given there . You need to check the definition of NBFC ( in case the NBFCs you have invested in falls in the excluded list ). There is also a compliant form , which you can download and send to the zonal office . There are FAQs which provide details .
Also refer to the official release , ‘ The Ombudsman Scheme for non-banking financial companies , 2018 ’. As per the details given on the website , you can call Delhi office : STD code : 011 ; Phone 23724856 ;
Fax 23725218-19 . HINA SHAH
Certified Financial Planner & Founder , Luhem Comprehensive Financial Planner
Sanjay Tiwari , Raipur
I and my wife are practising surgeons and we turned 60 recently . Kindly suggest the best debt funds . We have no liabilities and our children are not dependent on us . Our equity investments through stocks , MFs , PMS and AIFs are about `12-13 crore while the value of debt MFs is `50 lakh . We have about `2.25 crore in savings accounts at 6 per cent . Our current posttax income is about `80-90 lakh per annum . With the given age profile , equity exposure is considerably high . Of your total wealth of `15.75 crore , only 17.5 per cent is in debt which needs to increase to at least 40- 50 per cent in combination of balance funds and debt funds . There are many good short-term debt funds , short-term income funds or ultrashort term bond funds , bond funds etc . You can also shift your fund from savings account to liquid fund or debt fund as after three years , it will be tax efficient and you can take advantage of indexation .
HINA SHAH Certified Financial Planner & Founder ,
Luhem Comprehensive Financial Planner
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Outlook Money June 2018 www . outlookmoney . com