Q 1 : FROM MY SAVING BANK A/C, I CAN WITHDRAW MONEY ANY TIME AS WELL I AM EARNING 4% INTEREST ON IT ALSO, I WISH TO EARN SOME MORE INCOME FROM IT, KINDLY GUIDE ME PLEASE?
Ans : TWO OPTIONS ARE AVAILABLE BEFORE YOU;
Without taking more risk if you wish to earn some more income along with facility to withdraw money any time, just use you Net Banking facility and park funds online into Mutual Fund’s LIQUID/MONEY MARKET schemes. For withdrawal of funds, submit Redemption instruction ONLINE, the funds will be credited into your bank till 12 p.m. next working day. Through Parking of funds into liquid schemes you may earn approx. 6% to 10% appreciation, difference between the Purchase and Redemption NAV. If you are a first time investor, do not forget to make a TIK MARK on iPIN. Minimum investment under the schemes is Rs. 10,000/-.
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1. Just think of Mutual Fund’s Liquid Schemes. Park your surplus funds in Liquid fund units, which are very short term nature and earn approx. 6% to 10%, the appreciation is difference between Purchase and Redemption NAV. You may invest in Liquid fund units by availing Net Banking facility provided by your Banker. Withdrawal from the units is so easy, so as to get your bank a/c credited till 12 noon, next day. Minimum investment under the scheme is Rs. 10000/- . If you are a first time investor, do not forget to make a TIK MARK on iPIN.
2. If you are ready to accept risk of Equity Share market as well wait for some period, but don’t have knowledge of Equity Share market then you are advised to invest into Equity Schemes of Mutual Fund. Here you are advised that instead of investing all funds once a time, get a benefit of ups & downs of market. At every down trend of market invest some amount, if you feel at upward movement you are about to receive your expected income just submit online redemption request, on fifth working day, mutual funds will credit the funds into your bank. E.g. If your saving bank a/c have investable balance of Rs. 25000/-, at 2 o’clock you are observing, index is down by 200 points, opportunistically invest Rs. 5000/-, at next down trend invest more Rs .5000/- & so on. When market is in Bull Run and you observed that the market value of investment is increased upto your expectation, submit redemption request. You may do so regularly and earn some more income. But if you do wish a long term investment then think to invest SIP by SIP every month for 15 to 20 years consistently.
Q 2 : I am a Businessman / Professional, having Current A/c in Bank. I am not receiving any types of interest on it. Also at Week end day’s idle amount, I do not get interest too. How do I earn income on this balance amount?
Ans : You have asked Very Good and Important question. Thank you!!! On Friday (or before any Bank holiday) before 2 p.m., transfer your Current a/c balance into Mutual Fund Liquid scheme units by availing Net Banking facility provided by your Banker. The NAV applicable will be of THRUSDAY, if you are submitting redemption request on Friday itself before 3 pm, your current account will be credited with appreciation till 12 pm on Monday, by redeeming your units as per Sunday’s NAV. It means you are receiving appreciation from NAV difference between Thursday and Sunday. You may earn approx 6% to 10% more income from the transaction. In a year, total 104 Saturday, Sunday’s + 15 Bank holiday’s = 119 days more income may be earned by doing such like transactions. E.g. Approximately, if you are transacting Rs. 10 lacs and availing this facility, this year your income will be exceeded to Rs. 19500 to Rs. 32000/-. To complete the transaction needs to spend only 5 to 10 minutes only. Do you need some more information about and tax details and how to do it? Do not hesitate or waist your time rather to contact me immediately. Your call is welcome on my cell 9422430302.
Q 3 : What is the risk involved in Liquid Fund?
Ans : The corpus of the Liquid Fund is invested in Money Market Instrument & Debt Securities which carries specific interest rate depending on Interest rate scenario. Risk Involved: Rate of Interest & Credit rating. Hence it is very low risk product.
Q 4 : What is the alternative product in Mutual Fund for Bank’s FD (Fixed Deposits) and what is the benefit of the same?
Ans : Alternative for Bank FD is FMP (Fixed Maturity Plans) which are mutual funds schemes with a pre-specified tenure. This product has very less risk of capital loss since the amount is invested in debt and money market instruments. FMP's score over fixed deposits because of their tax efficiencies both in the short term as well in the long term. When you put money in a fixed deposit, the interest gets added to your income. In FMPs longer than a year, if you elect to take all your gains as capital appreciation, the taxation is merely 10 per cent with indexation benefit or 20 percent with indexation.
More for information and investment please call on my cell 9422430302
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