hmmm seems it may not matter much in 10yrs span. ok, lets not skip it.
What's even the point of such short term investments anyway unless you are looking for an extra source of income in which case MFs/stocks are not recommended? For such short duration the safest way is FD but you have to pay full tax on its interest income so best option then is transfer the amount of money to your siblings more than 18 years of age & in school/college & create FD under their name/bank acc to avoid paying tax on FD interest income(money given as gift to direct siblings/own children is 100% tax free provided you have shown that money in your itr).
Better wait for few months in 2022 to pass as markets expected to go through some major churning once the stimulus measure in US & India tapers off.
short duration like upto 5yrs. May be something only for 10 yrs. I am not planning to touch the tax saving ELSS investment for at least 15 yrs since these are have decent returns for long term and also saves tax. But I am not convinced in tying my money for 15 yrs since I don't expect a perfect life where I won't needing money for 15yrs straight and I will be able to handle the money issue just by my salary. Hence the thought of short term investments. IF I am able to save the money continuously for 5yrs without any usage then I will just withdraw half of it for use and put remaining half again in another short term investment.
Ok what is this thing!! Any link you can provide to read more about this please?
You are supposed to invest/save around 20% of your monthly income in any case & anything above that you can afford to save/invest then do it now & later when requirement is there then decrease it back to 20% at that time. Also it is not "tying money for 15 years" because at the end you get a good return which is required for your goals at that time. People invest in multiple MFs/multiple duration each for a specific goal like one for children education, one for children marriage, one for retirement corpus etc. I will again say, if looking for 3-5 years then best option is FD with at least 5-6% interest rate(create 1 year FD for now as interest rates expected to increase in next few months & FD once opened remained locked at the interest rate at which it is issued) with zero tax(the sibling method mentioned earlier by me).
This is often mentioned in economic news section of most national English newspapers.
Yes, Excellent fund. Have been investing it in since Oct 2019.
Yeah I read about it. But how is this fund against Nippon India NIFTY Bees and UTI Nifty Index fund? do you think it's better to invest long term in this PP Flexi Cap MF?
I'll say PPFAS is kind of like a large cap fund but more diversified & with international stock exposure. Good overall IMO. I have picked it over Index fund & have no index MF in my portfolio.
Index fund is like a large-cap fund. PPFAS flexicap one is kind of like a large-cap fund but better diversified IMO, seemed to have better returns & lower volatility, also international exposure.
How do you say its better diversified?? It has only 30 holdings compare to a large cap fund with at least 50 stock holdings. Is it because of international stocks??
Yes. Also diversified as in not just large-cap companies, some from mid & small-cap as well. But Alphabet, MS, etc are large cap US stocks.
Yes, agreed. Me not investing in an index fund is just my choice. PPFAS flexicap just seemed better. I have other MFs for riskier bets, high-risk high reward. Only you can know your personal risk appetite.