Hi,
I want an alternative for FD, since the post-tax return is just ~6.5% (30% tax slab).
I am aware that Debt/Liquid fund will solve the purpose. I dont want to take the pain of calculating the tax and paying it. So, I want to go for Dividend option where the Dividend Distribution tax is automatically deducted. Am I right in thinking that there is no other tax to be paid in case of Dividend option Debt fund?
How much is the Dividend Distribution tax? what will be the approx post-tax return?
Which is the best fund(s) for me in HDFC or ICICI AMCs? (Please suggest me 2/3 funds from which I can choose)
This money is not linked to any goal. I just want to park my idle money for a period of 2 or more years.
(Note:
I have a PPF account where I contribute the maximum allowed.
I already invest in Equity mutual funds also (SIPs).)