The plain answer is NO to your question as you have a definite time limit. And as you know, Nobody can time the stock markets. You cannot estimate as in 3 years from now where exactly the markets would be, but in case of FD you definitely know your maturity amount.
One time investment in Equity oriented Mutual funds is not suggested. In fact, there is an alternative to that. You can invest one time in Debt fund and from there on, do an STP (systematic transfer plan) in equity mutual fund (in HDFC Growth fund in your case, if you want to).
Hope, the above answer clarifies and answers your query.
Hi BK Murthy ji,
The plain answer is NO to your question as you have a definite time limit. And as you know, Nobody can time the stock markets. You cannot estimate as in 3 years from now where exactly the markets would be, but in case of FD you definitely know your maturity amount.
One time investment in Equity oriented Mutual funds is not suggested. In fact, there is an alternative to that. You can invest one time in Debt fund and from there on, do an STP (systematic transfer plan) in equity mutual fund (in HDFC Growth fund in your case, if you want to).
Hope, the above answer clarifies and answers your query.
When you say “Mutual Fund for 3 years”, I hope that you are not talking about equity or equity oriented (balanced) funds.