Hellow Manish ,
Congratulation for such a good blog.
here is my request…can you plan for a high tax bracket (30%)person ,
about investment , tax savings and planning for goals ultra short term
< 1yr, short term 1-3 years, mid term 3-5 years, long term 5-10 years
and far long term 10-15 years and retirement planning.
I have my options listed but need to comparision by return and tax
deduction (for 30%)
1. for < 1yr- ….options are savings act, flexiFD (linked to SBA),
RD, FD, liquid MF,Short term DEbt MF, Gold ETF (I preffer Flexi FD-
liquidity with good returns , tax not a concern here as that have to
be paid )
2. for 1-3 yrs- …SBA, FD, RD, short term Debt/ Income MF, long term
debt MF, Hybrid MF, Gold ETF, FMP, Bonds (I preffer Gold ETF, FD ,
debt MF- know gold and FD will give sure return and Debt MF – less
taxation )
3. for 3-5 yrs- ….FD, long term debt MF,Hybrid MF, Gold ETF, FMP,
Bonds, Equity MF (I preffer combining gold, FMP and equity MF- still
worry that equity MF may cause loss)
4.. for 5-10 yrs- ……Tax saving FD, gold ETF,equity MF (I preffer
all of them )
5. for 10-15 yrs- ….gold ETF, equity MF, real estate (I preffer all of them )
My confusion is about hype of MFs– just saying keep in MF
don’t satisfy me as seen on track record they give less
in <1, 1-3 3-5 yrs duration than bank FDs, and over long term chances
of change of MF, market, govt policies and MF manager is there, which
can’t give me sleep in night.
I am a learner and very serious in asking this question, But because
of lot of mal-reading on internet got confused . I know here I will
get the honest and a very detailed answer, so proceeding with this
question. Thanks in advance.