POSTED BY April 11, 2012 1:42 pm COMMENTS (8)ON
I have a requirement to pay Rs 55k towards Insurances (2 traditional & 1 Term plan) every year.
My strategy so far, was to park Rs 5k in RD for a year (@8.25%) and then pay off these with the maturity amount.
Just started to learn about Liquid funds and its annualized return being close to 8 – 9%.
So is it better to go with existing strategy of RD or should I try liquid funds?
Please note, am in 30% tax bracket.