About BasuNivesh

1. A E C S Maruti College of Dental Sciences & Research Centre (UGET Karnataka *) Bangalore Ph: , 2. Bangalore Institute of Dental Sciences & Hospital.

We have our presence nationwide. But without understanding your financial details how can I guide you?


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The Touch Banking branch offers customers to do real time cash deposit into a bank account, withdraw cash, deposit cheque, transfer funds, open fixed deposit, generate bank statement and many more transactions. So just continue if other features and service is OK for you. We had invested in Market plus 1 plan in Aug through 2 single premium of 50k each without any insurance cover or rider.

Also we have been investing 10k annually in Money plus since Mar with an insurance cover of Rs 1. The returns on this front has been dismal significantly less than what we would have got in a bank FD. We are thinking of withdrawing entire investment.

What are your views. Should we stay invested or withdraw? No Hope that they perform well. Buying product only for the sake of tax saving is a biggest blunder.

Please try to define your goals then finally chose products. Thank you for this awesome blog. If I have 10 lakhs to invest as an NRI for a year period, what is the best option? FD or some insurance plan? I am personally not concerned about the death benefit value at this point as i have an insurance here.

I just want to figure out what is the recommended investment vehicle? If you suggest ins. Ajnabi-First makes up your mind about when you need money. After 5 years or 10 years??? Wide guessing will not work while investing. I am flexible between 5 years and 10 years, but if I dont get the investment back till 10 years, i can live with that. I have a fair amount of exposure to those in my other portfolio.

I was approached by kotak with some ins. Pay 1lakh per year for 15 years. I understand that these ins. Additionally, with FD there is almost 0 risk besides the forex risk. Ajnabi-Your requirement is for 10 yrs but running behind a product of 21 yrs term. I think you not fully understood the concept of diversification.

But the product must match your requirement. Second whether it beats the inflation or not. What making you to shy when you are ready to invest in a worst products of the recommendation given by Kotak. I m not sure if you are giving a clear answer. All i m saying is i was approached by kotak guy. I m trying to see what investment vehicles exist besides FD that are safe for about a 10 year period. The equity funds appear to have higher fees. The stock market has had a great run, so I am kind of hesitant.

And dont you read my responses? I said I already have enough exposure in stocks and funds in my other portfolio. That is why i want to play safe with some of my other money and I am asking is there anything that beats and FD?

How is that not diversifying my investments? After reading your responses to my queries here, You know what I dont need your advice. Thanx, but no thanx. Equity funds at higher fees? Exposure to a product must be based on your goals time horizon.

Suppose, you have many of long term goals then I suggest more equity than debt. Same applies in your case too. If this money is for long term then why to bother about over exposure of equity? Each high and low have their own highs and lows. When we stay in equity for long term then these will not matter to us. What matters to me is how much I got real return Return on investment-Inflation rate. Akash-Once you became an agent then you can shift your agency across India. I am 36 years old and I need your guidance in building my financial career.

I am married and have a girl age 3 and I am the only source of income for my family. I have LIC bima gold plan with the premium of rs annually for 16 years SA and this is going to end in I am planning to take pure term plan in a couple of weeks after reading your blog. The reason behind is to save few thousands and as well as backup plan In case one company denies at least my family will get 50L from another company.

Please suggest me if this is fine. I have company medical policy. Do I need to go for one personal medical policy or taking medical policy is unnecessary as the the policies are so complicated when it comes to settlement covering only this not those diseases replies from companies.

Please suggest me how to to plan my future financial needs. Senthil-First try to come out of LIC plan. But do remember that it must be for long term. Splitting of term insurance is your comfort. But to me I prefer one only. Better to have your own health insurance also. Regarding rest of plans, I have no clue. Because not sure about your goals and details. Is there any way I can get connected with you or you can help me in finding CFP like you who can help me in this.

We discuss further things. I took insurance policy in and paid the premiums for almost 9 years. It is a group of policies, sum insured is around 10 laks with yearly premium is around 33k and I would be getting money back from the age when I attain till 80 years. Due to some financial issues and other knowledge I have on insurance, I stopped paying. I reached our my insurance advisor on surrendering the policy as it been almost 2 years since I paid last premium.

I am in dilemma now. I am looking for your suggestion. I request you to provide your suggestion. Venkateshwara-The bonus delcared may be two times of what you paid. But whether they give it to you now? NO…second this is when you look for long term then this bonus accumulation will not earn interest. So your return diminish in long run.

Hence better to come out of this plan. Our total family income on an average comes to around Rs. I am planning to buy a Term plan of Rs. Presently, we are having total Insurance of only Rs. Base SI of Rs. However, we are concerned if mixing of 2 or more insurers may complicate the claim process.

We are not having any kind of medical conditions till now. Also, currently we are having a negligible insurance of only Rs. Hetal-Buy insurance based on the income range at least times of yearly income of an individual. Also what will be the value of Rs.

So restrict your policy period to 65 Yrs maximum. No need to split health insurance. Hetal-My competitive price comparison either may be costly or cheap to you. So how can I suggest? I am claiming income tax rebate on the amount invested in my PPF account. She is NRI now. She is a House wife and do not have her own income. Thanks for your prompt reply. Whether the basic things like term insurance, health insurance and accidental insurance are at place?

Also do you feel your investment will be diversified if you choose 10 funds instead of one fund? Could you please guide me where to invest the money. Satish-Where to invest is easy but suggesting you by mere two lines is tough for me. Because I need lot of data from your end to advice you properly. UAN is allotted for my old pf account number.

Now i changed the company new pf account number is created and they said like it is not possible to transfer my old pf to new pf account. In this case is it is possible to withdrawal my old pf acccout UAN is allotted for this account. Manikanta-Your current employer suggesting you wrong. I am having some questions related to monthly investment, as I am salaried employee. I dont want a investment become liability for lifetime.

I planned something, please check it and suggest me what should I do. May I go on with it or you have some better options. Hello Sir You are doing a great work.. Sandeep-I understand your concern. But Facebook notification is all in your hand. You can set it in your Facebook account setting notification.

Dear Base Sir, Thank you for your financial guidance here. This is first time. So my doubts are here. Is it safe to invest in SIP? If risks are there shall I put 50k into RD? I would like to invest only for 7 years in SIP is it possible?

I am moderate risk so could you please pick SIP for me either 50 or 1 lac per month. I need this after 7 years for my children education purpose.

I have 5 lacs cash shall I invest FD? Or could you please guide me the good investment of this 5 lacs. Thank you for your kind help. Rajan-Investment risk will be based on the goal time frame too. So it involves many things to arrive at product selection. Generic views will not apply to each individual. Your blog is really helpful and informative….. I could get all requaired details related to PF from this blog. One of my Friend has filed the IT return with a wrong details. He has wrongly entered the PF deducted amount as Tax deduction.

He has send the ITR V to the bangalore office too. Will the Tax officials correct themselves or he need to refile it? What if he is not filing, will they return only the returnable amount as per tax deduction or what happens? Sir, i have instructed him to do refiling, but unfortunately the old tax filing has been processed.

Whether this will reflect in the next tax filing as he needs to pay? If so i will have him to keep the amount safe so that he can pay on the next filing. Hi Basavaraj, I do read your blogs and i must say you are doing a great job. I have two question, i want to invest in debt fund with a time horizon of and years.

Please suggest me a strategy considering the fact that there might be a rate cut soon. I need this fund for some real estate commitment which i have in and around time frame,. I earn per month. I can invest up to per month. I would like sip this in 3 or 4 mutual funds. I am a moderate risk taker.

I want to invest Rs. Can you suggest good plan? If the plan includes tax benefits, it will helps to me. Please tell me about lock period also for SIP.

Rs -HDFC mid cap opportunities fund 3. Rs — TATA balanced fund. Gain is tax free from equity investment if your time horizon is more than a year.

Myself Nayaj 37 years old NRI….. I will retire from my job within next years. Can you please advise a good Pension Plan which I can start now. Nayaj-Sadly none…you need to create your own by choosing product based on your goal tenure and risk you can take. Can you tell if the mutual fund companies can charge any penalty if I redeem the policy before maturity date?

I invested 50k rs in sbi tax advantage scheme in and maturity is in but would like to know much they charge if I foreclose. But schemes charge exit load in case of early withdrawal. This exit load depends on fund. So there will be some exit load. But I am not sure about the exit load of your fund. Please check the scheme document for the same. Could you please advise me whether should i continue both of these policies or should i close one of these and invest in Mutual funds.

As of now my SIP inivestments are in the following: I was not having much idea and exposure when I started investing and hence I invested in all HDFC funds from last years. My son is 4 years now. I do not own a house in Bangalore and would like to buy one down the line and for any down payments I am thinking of year term for a new mutual fund with good returns. Shrikant-My serious suggestion is to come out of all equity mutual funds irrespective of performance of fund.

Because you are claiming that your goal period is years. So equity is not suitable for such short term goals. For short term of years, what I mean is that, I want start a new investment for around years giving good returns. Shrikant-But I still feel be specific with your time frame and if it is 5 years also then stay away.

Rest is left with you. Sumedh-Buying insurance today and forgetting about it is not a wise idea. You need to review your insurance need once in a 5 years. So you need to increase your insurance coverage based on income, liability and dependency. For me both are equally good and bad. I have answered various questions honestly said yes to alcohol consumption and said no to question on taking part in adventurous sports as hobby. If one consumes alcohol and is sitting as a passenger and meets with accident and dies , will the claim be paid.

Rajesh-If you consumed and sitting as passenger and met with accidental death then it is not considered as death due to consuming but due to accident. If even you participate in any such adventures during your free time too, you need to mention it while buying.

I am 26 yrs. How and where to invest my money to save good amount for future mainly after 15 yrs. Sajal-Area of investing depends on many data sharing from your end. So how can I guide without that? Thank you for your reply. I want to make Rs. Sir , Following are my Financial details. Jyoti-First cover your existing liabilities with insurance along with that you need to include current values of future financial goals.

Along with that buy accidental insurance and health insurance too. There are no different types of term plans. So buy it online based on your comfort with company, feature and budget. Rahul-There is no such retirement plan which I say best. So best option is to create your own retirement corpus by investing in products based on the time frame left for retirement. Never run behind these pension policies.

Rahul-If you feel that it suites then go ahead. But how you have opted this plan? Have you checked their past performance? Hard part of ULIPs is checking fund performance. Hence I am strict believer of separating investment with insurance. Yes i have review the pas performance, returns are good. I can invest 35K Annaul. I am 50 years old with working spouse. My other investment in real estate is approx 1. Dear Basavaraj Recently I got around 9.

Though i wanted to be invested in PPF , I have forgot to renew the account and the bank has sent me the cheque closing the account. Please suggest some long term , low risk and tax free investment options. My age is 51 years. Rajashekar-How much is long term in your view, what current investment you are having, how your income and expenditure are balanced and do you have any specific goal attached to it?

Long term is 10 years in my view. I have another 15 lakhs investment in mutual funds, I am a govt. My expenses are around 6 lakhs. Post retirement i would get pension from Govt,. My goal for the investment is retirement fund from which i expect regular returns after 10 years. Rajashekhar-Then go for Balanced Fund which will automatically takes care of Equity and Debt proportion. I was planning with LIC. There is every possibility that they may say you have not disclosed such ailments during buying.

So going for term insurance without any proper scrutiny from insurer is more dangerous. They have all rights reserved to reject your claim. If LIC online term plan is affordable for you then go ahead. Mohan-LIC will issue you policy only after complete medical examination. So that risk will not be there. I joined in another company in May My flat rent is Rs.

Now how to claim this rent amount that I paid to my house owner? Raci-Please take help of any of your local tax expert or CA. Because it is hard for me to clear all your doubts. I am of the age 38,Please suggest any good term plan which I can buy online,Also let me know if buying term plan online without medical test is an issue? In my view it is better to undergo medical test as insurance company will come to know about your health status.

Kannan-For your information I am not surveyor of Bangalore property. So how can I say also what do you mean by live road? Thank you for this excellent initiative. Really helpful for guys like me having a lot of confusion about financial planning. I am 31 years old and my wife is Plz advice us whether we need to make any changes here.

Also we are planning to invest in SIP for an amount of per annum. Plz suggest us the right portfolio mix. The ideal cover should be around 15 times of your yearly income. So my first suggestion is to come out of existing worst products one by one as and when they are eligible for so. Immediately buy the online term insurance of your choice.

Even though health insurance is provided by your employer, bust still have your own insurance. Buy accidental insurance and create around 6 months household expenses as emergency. Sujata-How can the old expenses be claimed now?

Also let me know the status of possession of property. I want to buy health insurance —family floater plan. Hi, Tonagatti how are you? And today, i have seen ur basunivesh. I would like to prepare a Financial Plan from you.

Sir, addition to previous mail i want to know that during investment in MF is any income tax i need to pay. Ashish-If you withdraw within a year i. If you held your investment for more than a year then there is no tax i.

I have recenty started reading your posts and found them very informative. I have few Qs and appreciate if you can answer: Now, the premium amout of approx Rs is due this year. Shoud i continue with the same or explore market to see if i can get better coverage in same premum amount or same coverage of Rs 1 Cr with lesser premium. What are the best options? Consider, i have hospitalization cover from 2 medical insurance with a limit of Rs 5 Lac each from each insurance company. That means my hospitalization cover limit is now Rs 10 Lac which can be claimed during hospitalization and i can intimate hospital to give me cashless service mentioning my 2 insurances.

Is this understanding correct? Puneet- 1 Exploring is good idea. Instead if you continue the existing policy and that period once over then no company will do long research on your death. So anyhow it is at competitive rate with good company. So my suggestion is to continue. It first involves your need. But I suggest you to have your own health plan than depending on employer health insurance.

Health insurance does sound complicated. I have family health insurance of Rs 5 lac from my company that includes my wife and kid. So, does that mean as a family we have cover of Rs 10 Lac??

Technically is it possible or is there any catch wherein we can use one cover at a time. Pls help me understand. Rahul-Without knowing your financial details how can I guide you? It is like calling doctor to give prescription for your stomach pain. Rahul-Detailed required are as below. I would like to meet you for my Financial Planning requirements. I an 27, and been investing in PPF for last 2 years say about 70k p. I came across a post from you where you suggested a person to channelize the saving.

Just wanted to hear from you if this will be a good move or you can suggest me something better. But without understanding your financial details how can I guide you? Arup-For long term equity is a best option which you can consider of investing through mutual funds. Hi, sir it was v good to read ur blog on various investment points. Im very new to MF, but eager to make a start pls guide me if u can. Mannu-First-Do you have enough life insurance Term Insurance of around 15 times of your yearly income , health insurance and accidental insurance in place?

Have you enough cash at your reachable for at least of around 6 months household expense? If all these are in place then we start for investment. Let me know your views too. I have already paid for 3 years but now I want to discontinue it. Please suggest me what to do and whether it is good to surrender. Surojit-It is good to surrender than continuing the same mistake for the rest of the period. Regarding value of surrender, visit your nearest or servicing LIC branch.

Arpit-It is better to pay the penalty for your ignorance surrendering after 3 years and getting about lesser than committing the same mistake for the rest of your life.

Hi, I have been reading your articles quite often, but did not write to you in view of non availablity of any surplus which requires your advice for proper investment. However post July , I would have substantial surplus and I would require your professional help in cachiving my goals.

Grateful if you mail me your details and charges so that I an avail your advice. Sorry I am yet to get this mail. I was working in an organization where opted for Super Annuation Scheme. Now I left the organization.

Shrini-Please let me know the annuity your employer provided you. Also ask them whether you can move to NPS or not. But when was searching in the net am unable to find deferred annuity schemes which are suited for Corporate Super Annuation.

Shrini-Then in that case you have options of immediate annuity only. If you are eager then go ahead. Rajesh-I staunchly oppose Gold as physical investment mode.

Sir i m investing monthly Rs. Can i continue with this for long term. Let me know can i add some more fund in my portfolio or invest in any other financial product.

Abhishek-You can continue in same funds. But adding more fund of same category is not good. Instead you can choose the other category funds and start your fresh investment. Also choosing other financial product or even these products depends on when you need money.

So without knowing your requirement I am unable to guide you. I know it canot be extended. My Question is , 1. In view of this I thought I accept option no 1. Pl confirm it is correct or guide me. Anil-Once the account closes then they no longer credit you the interest. So no need to continue. Income from PPF is tax exempted. Hence no need to worry on that part. I hope I guided your all doubts. Should it possible to surrender or paid up that policies with minimum loss? Will give you exact details pl send your email pl.

PPF — Started 5 years back and currently investing K per year 1,00, 3. Spouse PPF — Started 8 years back and currently investing 10k- 20k per year 3. Flat — Valued 65 Lacs No Loan 4. EPF company deducted — 7 Lacs as of today 5. Health Insuarnce from Company — 3 Lacs floating 7. Gratuity — 2 Lacs as of today 8. So think twice whether such debt instruments will at least beat the inflation in long run? Also to me it seems that you just go on investing whatever surplus you have in these debt products.

Instead my suggestion is to first understand your goals then based on that choose products and start investing. So far I have paid 2 installments and only today I had an opportunity to go through your blog.

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