August 11, 2013 9:58 am
Dear Vijay, please invest in a liquid fund like Quantum Liquid fund.
Dear Vijay, how much amount mly you are going to invest be it in Rd or a SIP in debt fund?
2 Years : 20K per month : Target 5L+
If you do RD with 9% interest compounded quarterly then on maturity you will get 5.2 lacks (39.5 k interest) and if you pay 30% tax on interest than also you will be getting 5.08 lacks.
Vijay, 2 year is very short time and mutual fund investment should be done for long term ( usually 5 years or mostly 10 years).
Do RD for short term goal (1 year or 2 year).
Your email address will not be published. Required fields are marked *
Subscribe to FREE Video Course + FREE Ebook + Future Email Updates
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Join 1,60,000 email subscribers
FREE Video Lessons directly in your email daily
144 page PDF ebook with best articles from Jagoinvestor
Get future articles directly on your mailbox + updates
6 PART VIDEO COURSE
You are subscribed for FREE Course now, Check your Email
New here? Create an account