Dear mayekar, plz. read my post in total, i had advised to redeem the initial SIP amount only, in all probability it 'll be without any exit load. Performance of rel. vision is down for more than 1-1.5 years. In fact it was lagging well before the market downturn.

Even in case of redemption from Vision, i had advised to invest using Liq. + STP route for staggered investment.

If u want to go with ur gut feel that sooner or later, vision 'll be able to perform like its older days, u may do so. Ultimately it's ur money & no better than u can judge about it.

thanks

Ashal ...

Dear hameedfs, If ur total Tax deducted at source till date is equal to 30% of ur total tax liability of the FY, u need not to pay advance tax on ur rental income. Plz. be sure about ur tax liability & cross check the same around nov. dec. during second advance tax date.

Thanks

Ashal...

Dear friend, as u r now member of MMB, One thing is sure, u 'll get valuable advise about ur investments. A lot of us have no access to so called quality advisers, That's why we joined here @ MMB.

It is good on ur part that u r learning from ur mistakes & at the same time r ready to rectify the same. My dear friend if u r for long term say 10-15 years, don't fret much over current downturn of ur portfolio. Over the period, ur losses 'll be wiped out & there 'll be a lot of positive portfolio, but do remember to readjust & rebalance ur portfolio.

happy investing

Thanks

Ashal...

Dear krsk100, Jeevan suraksha is a conventional pension Plan of LIC. as u had completed 4 policy years till date, u may discontinue the policy. U \\`ll loose a meaningful amount due to high surrender charges & at the same time whatever amount u received as surrender \\`ll be added to ur income from all other sources in the FY of receipt & \\`ll be taxed accordingly.
As the returns generated by this policy r very poor, my personal advise \\`ll be to surrender this policy immediately & invest the future prem. in a mix of Eq. MFs & PPF.

Thanks

Ashal...

Dear sunnydude, if u right now have 60K Rs. ready with u kindly invest in the following manner.

Invest 30K each in liq. + fund of Sundaram & DWS. Fill the STP form to initiate weekly STP of 1000 Rs. from sund. Lq. + to sund. tax saver & DWS Lq. + to DWS Tax saver.

Ur money in Liq. + fund 'll earn u more returns than ur saving bank acct. weekly STP 'll be as good as SIP (infact more beneficial).

For better returns invest directly to avoid entry load.

thanks
Ashal ...

Dear sushant.p, All the ins. co. r abide by the tough rules & regulations of IRDA. In case of Claims, Ins. co. normally can denied only on the basis of concealment of facts. To avoid it, plz. provide all the relevant info. to any ins. co. from which u r taking policy.

I personally own, 3 term plans & all these 3 plans r from private life ins. cos.

Thanks

Ashal...

Dear pralhad, First of all if it is possible, contact ur ins. company & ask to increase the Sum assured. by that much amount that ur prem. comes below the limit of 20% rule.

If it is not possible, don't worry, ur case is boarderline case. as ur prem. were 21% only calculate ur fund value on a split of 20+1%. The fund value u get as major part 'll be tax free & only the fund value u get from ur 1% excess prem. 'll be get added to ur taxable income from other sources in the year of receipt.

detailed calculation can be made if u post detailed data.

Thanks

Ashal...

tata aig\\\\\'s raksha has only 2420 yearly premium for 30 yrs old person for a term life of 20 yrs... just go for it...

Dear Ashal, Thanks for the reply.Some hope.Details are as follows.Would like to know best path forward. Policy: ICICI LIFETIME. Started on 24th Aug-2004,premium 20000 per month. Sum assured to begin with was 1 lakh. 100% in maximiser fund. Within a year, of the policy the insuranse coverage was increased to 11 Lakh. In Nov 2007, I shifted the whole amount to PROTECTOR fund, (Approx. 13.20 Lakhs). However monthly premiums were continued to go into maximiser fund. As on date, Maximiser fund: Units= 3431.26 @ NAV of 51.11 & Protector fund: Units= 83015.91@ NAV of 16.46. I'm NRI, premiums paid thr NRE A/C. Request tax and insurance experts to suggest best path forward. I want to withdraw the amount and have written to stop further premiums. Best regards, Prahlad....

Thnx Ashal for the link...its one stop point to compare all the insurance premiums....

Dear Ashalji, Thanks alot for your quick response. Regards, Manher Desai...

Thanks Ashal My wife is also working & she does not come under tax slab , if I start doing trading in her name , she won't have to pay the tax if she fulfills the tax criteria(i.e. if salary + int + profit /loss from sahre trading remains within the tax free slab ) Please guide Regards...

Hi ashal, First of all Thanks for giving very effective suggestion.I too think that I have more sectorial funds.So as per your suggestion i will take the appropriate action. Can you please suggest me can i use auto-transfer in respective scheme using the SIP,it will help me to discount the market. Thanks Vdixit...

Hi man..thnaks a lot for taking time to help me around... ya u are right abt the sip tenures to be revised fo every year but since i was of the view to be invested for min 5 years so was thinking to continue... On similar lines to ur advice i have subscribed to DSPML top 100 equity so tht i can phase out franklin INdia bluechip with it....i had shortlisted Sundaram select focus ad kotak 30 as well but then dnt go with them coz of the higher risk involved with them....wanted to balance my folio a bit with a low risk fund and so took DSP 100... thanks a lot and will keep bothering u with things every now and then regards ankit...