Monday, August 3, 2009


Planning to get married in 3 years

Mr.Kumar Babu wrote :

hi Srikanth,

i am kumar,

You are doing a great job with your blog.
i have planned to get marriage after three years & need to do my higher studies, so i need to start savings for my happier days.... by investing in one of the them like mutual funds, ulip's, or through gold.... and need to save tax also as iam working currently

but bit confused on which i should invest ... can you help me ... please

With Love,


Dear Kumar,
It is good to see that you are already thinking of Financial Planning at such an young age. As you plan to get married in 3 years, it would not be wise to invest in Direct Equities or Equity Funds as such, you can consider investing in Balanced Funds which have a high Debt allocation and a bit of Equity Portion as well, namely, DSPBR Savings Plus Fund - Aggressive which has a 70-30 ration in favour of Debt.
Avoid ULIPs. Never mix insurance with investments.
For Tax Savings, invest in Good ELSS like
Fidelity Tax Advantage Fund
HDFC Tax Saver Fund
Sundaram Tax Saver.

See my other posts in my blog for more details.

Srikanth Shankar Matrubai

Also visit

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