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).
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