FDs are tax inefficient; use debt mutual funds instead
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Last Updated: Jan 11, 2021, 06:30 AM IST
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Synopsis
Vikas Aggarwal is investing in equity funds to build a corpus of Rs 2 crore in the next 10 years. The mutual funds portfolio doctor has advised him to hike monthly SIPs to Rs 45,000 and further hike by 10% every year, after reviewing investment portfolio.
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Review mutual fund portfolio at least once a year. Change if any fund’s performance slips.
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures.
Surajit Sinha is saving for his childrens goals and retirement. The mutual funds portfolio doctor says that his targets seem a little too high and he should consider downsizing them to realistic levels. He also advised against tax inefficient fixed deposits.