12 replies on this article “Can i avail double indextation benefit from liquid funds ??”

1. Dinesh Saboo says:

   September 3, 2012 at 2:12 pm

   Dear Ashal ,

   there is no calculation , i have seen that this amount of money always stays in savings account , partly to fund emergency purpose , partly to fund IPO ,partly to buy share when needed, partly to give loan to relatives etc etc , my father needs high liquidity as he feels much secure . He does not have any credit card or other alternate source to generate cash when needed .It is as simple as this , thus liquid fund .

   regards
   dinesh saboo

   Reply
   1. Ashal Jauhari says:

      September 3, 2012 at 2:18 pm

      Dear Dinesh, in the light of all the info provide by you, please continue with your funds. If given a choice, I w’d like to invest in Eq. MFs from these liquid funds through STP instead of SIP from the bank accounts from all of you.

      Thanks

      Ashal

      Reply
      1. Dinesh Saboo says:

         September 3, 2012 at 2:24 pm

         Thanks Ashal ,

         one more question , i want to move fund from bank fd to FMP , how do i see tentaive return from FMP , there rating , there risk .

         regards
         dinesh

         Reply
         1. Ashal Jauhari says:

            September 3, 2012 at 2:30 pm

            Dear Dinesh, the practice of indicating return from FMPs had been banned by SEBI a long back. My personal choice ‘ll be to keep money in the name of mother if she is in non-earner category.

            Thanks

            Ashal

            Reply
            1. Dinesh Saboo says:

               September 3, 2012 at 2:37 pm

               thank you

               Reply
            2. Dinesh Saboo says:

               September 3, 2012 at 2:50 pm

               Dear Ashal ,

               what is the best way to transfer money to non earning member of family, make fd or other investment in his/her name and get back the money with interest .

               regards
               dinesh

               Reply
            3. Ashal Jauhari says:

               September 3, 2012 at 3:07 pm

               Dear Dinesh, you & your brother can gift the amount to your mother but your father can’t gift. He may gift to his sons & later on sons may gift to mother.

               Thanks

               Ashal

               Reply
2. Ashal Jauhari says:

   September 1, 2012 at 1:18 am

   Dear Dinesh, the objective of parking money in a liquid fund or short term fund is to park for 3-6 months period or at best 9 months. Why do you want to park for 24-36 months? Can you do tell me the benefits if any?
   the answer for your basic query is Yes, if your holding period is intervening in to 3 different FYs, you ‘ll get the benefit of double indexation.

   Thanks

   Ashal

   Reply
   1. Dinesh Saboo says:

      September 2, 2012 at 6:16 pm

      Dear Ashal ,

      objective is simple to have liquid cash available within two days. Moreover the interest earned is almost same as FMP . double indextaion will help in saving tax . This is for few lakhs rupees always present in savings acoount of my family.

      If you have better suggestion kindly help.

      Regards

      Dinesh Saboo

      Reply
      1. Ashal Jauhari says:

         September 3, 2012 at 12:50 am

         Dear Dinesh, keeping emergency funds in liquid funds is OK. May I know how do you reach this few lakh figure as your benchmark for emergency funding? In simple words, how much money you are holding as emergency funding & what was the calculation to reach that figure as your target?

         Thanks

         Ashal

         Reply
         1. Dinesh Saboo says:

            September 3, 2012 at 1:44 pm

            Dear Ashal ,

            I have 4 accounts

            1. Father account – approx 2.5 lac in that account , moreover 40k adds per month .
            2 Mother account – approx 1.5 lac
            3. My account – approx 2 lac + 50 k added per month
            4. Brother account – approx 1 lac .

            all figures are approximate , i need to park all money in liquid to have good return + double indextation.

            regards

            dinesh saboo

            Reply
            1. Ashal Jauhari says:

               September 3, 2012 at 2:00 pm

               Dear Dinesh, how much money is there – answered but what is the basis of calculation that X amount should be my emergency fund?

               Please clarify.

               Thanks

               Ashal

               Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.