August 8, 2013 12:16 am
Hi, I am 23 years old and earning 25k/month. I want to invest in debt mutual fund for a short term goal say in 2-3 years. How sould i get started?
Considering you would be in 10% tax bracket, for you investing in Fixed Deposits may be a better solution from safety and tax perspective. Two years FDs could give you around 9.5% return. You could also venture into a debt fund like IDFC Dynamic Bond Fund for 2-3 year outlook – I expect them to give around similar to slightly better return of 10%.
Dear Zzyit, why are you not opting the plain & simple FDs?
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