Comments on: Don’t leave your money idle in savings account.

By: zephyr

zephyr — Fri, 25 Jun 2010 02:32:22 +0000

That was a useful post. though I don’t understand finance, I can see that money lying idle is a waste. So now I will bug someone who can help me out!

Thanks for adding me to your network. I will add you:)

By: Pankaj Batra

Pankaj Batra — Fri, 18 Jun 2010 16:44:19 +0000

@Saraswathan
Liquid fund’s return is interest rates dependant. Currently they are giving around 6% return, which is better than what you get from keeping money in saving bank account.
Investment liquid fund is better than saving bank. If you don’t need this money in near future (next 6-7 months), there are better options to keep money like company Fixed deposits, Bank Fixed deposits etc.

By: R Saraswathan

R Saraswathan — Wed, 16 Jun 2010 16:27:09 +0000

Can you please explain in detail about the returns from Liquid Funds and how they are better investment option. Thanks for promoting my posts.

By: Subrat

Subrat — Wed, 31 Mar 2010 12:36:36 +0000

Please be noted, govt. has ordered to calculate the interest daily basis.

By: Rajib

Rajib — Wed, 10 Mar 2010 12:02:46 +0000

Great Article. Thanks Mate!

By: Ilakkiyan

Ilakkiyan — Thu, 18 Feb 2010 11:46:05 +0000

Nice job Pankaj..
I got a lot of basic ideas about investments, MF, insurance, Tax savings schemes etc from your article.
Its very useful for starters as like me..
Keep doing….

By: Pankaj Batra

Pankaj Batra — Fri, 08 Jan 2010 12:07:39 +0000

@Raju
All of these are good funds.
Other good ELSS schemes are SBI Magnum Tax Gain Scheme 93, Franklin India Taxshield, ICICI Pru Tax plan, Fidelity Tax Advantage
and good equity (non-tax savings) funds are : HDFC Top 200 Fund, Birla Sunlife Frontline equity fund, DSP Backrock Top 100 fund, Sundaram S.M.I.L.E Fund and HDFC Equity Fund

By: Raju

Raju — Fri, 08 Jan 2010 07:44:53 +0000

Hi Pankat,

Thanks for providing such useful info on investment.

I have selected 4 ELSS funds for investments under Sec 80C(2).

HDFC tax saver
Sundarm tax saver
Religare tax saver
Birla tax relief 96

can i invest the money in above fund, i will have few more bucks in my hand even though i invest in above schemes. pls let me know few more schemes under ELSS and pure equity funds….

Thanks
Raju

By: Pankaj Batra

Pankaj Batra — Mon, 09 Nov 2009 16:35:05 +0000

@Jeeva
You can invest in HDFC cash management fund or LIC liquid fund.

By: Jeeva.R

Jeeva.R — Mon, 09 Nov 2009 09:06:41 +0000

hi..am living in chennai….i need to invest money in mutual funds…i have some money in a bank savings account…as u said it is best to invest in liquid mutual funds…could u tell which is the best mutual fund which shows its consistency in the current market.I dont know much about mutual fund,your opinion is much needy for me…..