Dear Jago investors,

I have invested in HDFC Tax Savings mutual funds in the year JAN 2008 & still holding the same.

Kindly suggest your views –

Is good to invest in mutual funds to achieve long term goals? If you see in this case, if I would have invested same amount in Bank FD with 9% decent interest rate, my returns would have been 1.37Lakhs(After tax 10% – Amount will be 1.23Lakhs)  instead of 1.09Lakhs returns from MF’s.

Same scenario with all my MF’s, returns are around 5 to 6%. Need your suggestions whether to continue investing in MF’s or to follow our old investment options like Bank FD’s/PPF etc.

Thanks

SP Pathan