POSTED BY May 31, 2013 11:20 am COMMENTS (3)ON
So, My friend and I were talking and he mentioned he has 10Lakhs lying in his account. The Reason is why he so much money is he broke his FDs for a plot and somehow the deal did not go thru and now is left with 10L in his a/c! He said he would be putting all of it back into FD!! I suggested investing in MFs, but i could not go any further since i have questions/doubts myself.
1. He is already investing in SIPs. So would it be prudent for him to invest in MFs in a Lumpsum? Say nvesting in a Lumpsum, 2-3Lakhs in HDFC Top200 and some other Equity funds
2. He could invest Lumpsums in Liquid/Debt Funds and then do a STP int Equity Funds?
In case there is a high value transaction, would the Taxman send a notice for a “High Value Transaction”? Although its perfectly fine, just to avoid “headache” of replying back to the IT!
Any other ways/avenues available for him?