Hi Everyone,
I have planned 4 months back to invest in few MF, PPF and many more but didn’t executed a single plan in investement.
Now am in some what trouble.
I had made plan for this year just for Tax saving, because I cant save anything till october end, so I planned to start investement for tax saving from november to March month i.e for 5 months.
My plan is explained in details below
My take home salary 28801*5 =144005
Monthly Expenditure 10000*5 = 50000
remaining for investement 18801*5 = 94005
1. EPF/year (By default) = 20160
2. Health insurance/year(Already invested) = 7679
3. PPF (10000*5) = 50000
4. Canara Robeco Equity(1500*5) = 7500
5. HDFC tax saver (1500*5) = 7500
6. Fidelity Tax Advantage(1500*5) = 7500
Total = 100339
Now, (Remaining for investment -(3+4+5+6))=21505. This amount I will invest in RD as Emergency fund. Also If i save any amount from above calculation or any money I will get goes to RD as emergency fund.
Please guide me is that plan is OK. or anything I need to take care.
Thanks in Advance