Dear Manish :
I came to know through one of my friends re Jagoinvestor.com and I have started reading some blog or the other every day since the past 10 days. All of them are very informative. I downloaded the Ebook too.and found it very informative.
Today, I was reading blog on PPF. My PPF matured about 3 years back and I invested the money in HDFC Platinum Deposits for 15 months (twice) where the rate of interest was 10%. I thought this is better than continuing for another 5 years with PPF as the rate of return is better even after TDS deduction on maturity.
I am planning to invest on maturity this time a lakh each in different mutual funds where the return is anything around 12-15% for the long term. Here also it is not taxable and hence the return will be good.
Planning to inveswt in SBI Emerging Bussiness Fund, SBI FMCG Fund, BSL Equity Diversified, Canara Robeco equity Diversified, Quantum Long Term Equity, HDFC Top 200, UTI Dividend Yield. Most of my fund selection is based on Moneylife Magazine recommendations.
I would like your frank opinion on my decision, as you are a financial expert.
Regards,
Anonymous