Thanks for sharing yours.
I also have invested in POMIS and PPF. But only a portion of my wealth. < 10%. rest i have invested in equity MF 30%; debt MF 30%; liquid MF+BankFD 30%.
I hope that with this styrategy atleast i can conserve wealth net of inflation, though i would much rather prefer wealth to grow!
with food inflation at 15%; education inflation at > 15%; Healthcare inflation at > 15%; all form of investments in india are useless.
i have a vague feeling that once this phase of india's growth tapers say in 5 years time, inflation in india will settle down to 2nd world levels. at say 3-5%.
Quote:
Originally Posted by nabishek
No, Not liquid funds.
For my cash savings, I have chosen long-term fixed schemes with moderate returns, periodic cash outflow and less exit load.Cash that cannot be invested in such schemes, goes into purchase of Bullion.
I believe money gets multiplied only when it keeps rotating.My strategy is to keep rotating the money from periodic returns of debt instruments into better equity-linked schemes to get more compounded returns meanwhile ensuring capital guarantee of my principal in long term.
There are so many good schemes that give better returns than Bank FD.Such as from Post office, Co-operative banks and societies, Bond issues/NCD.Most of them are close-ended so you have to constantly look out to know when they are announced.
Instead of Fixed deposits, you can select fixed maturity plans MF where you can choose growth or dividend(tax free) option and also if invested more than a year avail indexation benefit to adjust for inflation and save tax.
Also, check the following scheme.Capital is guaranteed by the government.
http://www.indiapost.gov.in/Netscape/6yearsMIS.html
One can open a joint account and invest 9 lakhs and get a monthly income of Rs 6000/-. Invest it back as SIP in a good ETF or mutual/index fund that provides more returns.
You can also choose to do the same on the amount you tend to pay every month for EMI from salary through SIP.It would give better returns than trying to leverage on appreciation of mortgage.
I hope to hear better strategies and advise from experienced members.Thanks in advance. |