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@jmh Over a 3 year horizon, an average debt fund is likely to give pretty much the same return as a RD. Personally, for that time horizon, I'd prefer dynamic asset allocation funds, but that's just me.

@pokerbob Thanks!

@praisethelord123 Regardless of returns being filed and confirmed as okay, cases can be re-opened up to 7 years after the year of filing. IINM if you have foreign assets, cases can be re-opened even after that. I'm not aware if things have changed but until last year, I can vouch for the fact...

@pokerbob Any names that you could share of AMCs who've done this in recent years? I've become very cautious about this after hearing stories of people who were harassed by ITOs for misreporting by MFs so I'll avoid such AMCs. I noticed FT and HDFC MF doing this long ago. FT for certain...

@pokerbob I believe 10L is supposed to exclude switches. Extract from Rule 114-E:

@polycarpvenant Your calculations appear to be okay. The difference between your calculations and what UTI AMC has done appears to be on account of you including the data for 14 Nov 2020 which was a non-business day. Also, UTI has (carelessly?) avoided suffixing "%" to their calculation.

@wrangler To add to what others have said, conceptually, financial planning is largely common sense, so in that sense, you don't need professional help. Practically, the complexities of the investments (which eventually will be recommended to the client), necessitate careful assumptions and...

@jesuslovesme1973 Yes, it may.

@jesuslovesme1973 I'm not a tax expert but I've spoken about this to some who are and the view is that FIFO will apply per folio, not across folios. Here's a link to a circular that will hopefully clarify this (tl;dr: jump to 5(b) in the circular)...

@n2ustarzphawl It was sold on 28 April- that's what it says.

@realmajor101 Thanks for your wishes. All the best.

@realmajor101 With the greatest of respect, I am uncomfortable divulging that information. Words cannot do justice to my performance:)

@n2ustarzphawl What makes you think that? They sold it on 28 April.

@realmajor101 I don't separately maintain an emergency fund. Currently, 2 buckets. No set frequency for rebalancing- as and when I feel appropriate. I'm not losing sleep over LTCG tax: time will tell but off-hand I don't foresee much of a need to tweak my strategy. I have perfected the...

@n2ustarzphawl To put it more accurately, this has the smell of a distress sale, not a "normal" sale as someone else said and it converted a book loss into a bigger actual loss. The referenced security is a perpetual bond with a 2022 call option. As it is, perps are out of favour and yields...

@steelernation What I follow is not a textbook bucket strategy: I keep tactical flexibility on the number of buckets and the amount allocated. Currently I have 2 buckets: Bucket 1: Expenses

@realmajor101 If you don't mind, I have opted to selectively answer some of your questions. 45 - - Nil All options are on the table (a) - (b) no target AA- I follow a bucket strategy By being low-profile and reserved Can't think of any -

@zashmaster The TERs are being disclosed. Latest- Regular plan: 1.77% Direct Plan: 0.18%. That said, while the point at the core of OP's argument is well-taken, there is no saying how egregious the actions of AMCs can be even in running funds. Case in point: IMHO Sundaram charging 1.51% in...