hi,
I have 3 LIC, which I pay yearly of 60 K. I want to start SIP for 1 year in ultra short term mutual fund and every month I will contribute 5 K. Most of the good performing ultra short term mutual fund return is 9 – 10 %
so, I will earn 5 – 6 K extra on the same amt. By the year end, I can also pay easily the yearly premium with less financial burden.
Is it possible ? If yes, plz suggest me 10 such fund or suggest such 1 year plan, how to execute