From where you take out money for my home renovation expenses ?

POSTED BY jvenkatkrish ON January 26, 2014 9:53 am COMMENTS (7)


I have planned for some home improvement for which i am not sure if need to take money from my FD which i have for my emergency expenses (My Contingency Plan) or redeem or book my mf profits which will cover my expenses. Please suggest.

7 replies on this article “From where you take out money for my home renovation expenses ?”

  1. jvenkatkrish says:

    Thanks Ashal…

  2. ashalanshu says:

    Dear Jvenkat, ok then. Redeem from MFs but redeem only that much amount as you required. Do not go for overspending.



  3. jvenkatkrish says:

    Hi Ashal,
    As my MF has been Long term there are no Tax implications and my returns are @ 12% and the FD is Flexi and my returns post Tax is 8.66%.

  4. ashalanshu says:

    Dear Jvenkat, out of the 2 FDs and MFs, where w’d you have to pay less Tax? Redeem from the one, where tax liability is less.



  5. jvenkatkrish says:

    I have been postponing this for good 8 months and this is a need and not a want, am not sure how postponing further is going to help me either.
    Did think about the 50-50 split but not sure about it… need more inputs please..

  6. rahul123 says:

    50- 50 option is also good 🙂 (take 50% from both FD and MF)

  7. ashalanshu says:

    Dear Jvenkat, how about postponing your house renovation for few months if not years?



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