Dear Manish & all
I came to know about effective yield (through some site) % if we invest in Bank FDs.
E.g. the effective yield comes to be 17+% p.a. if one invests the money in FD for 10 years @ 10.25 (Senior Citizen) which is really very good return comparing to long term stock market…bcos generally in stock markets also on an average in long term one can expect about 12 to 14% p.a…. provided the FD is selected for maturity and quarterly compounding of interest and the same is reinvested.
Manishji, kindly give comments on this subject…and if we get such a handsome return of about 17.51% then why should we go for Mutual Funds or Stocks ?
Thanks
Sunil