Where to Invest FD, MF, PPF or Any other option?

POSTED BY Mahesh Kay ON February 28, 2014 10:21 am COMMENTS (2)

As I am earning through consulting apart from the salary. I get to invest 60,000/-INR yearly into savings . I have long term goals of travelling across Asia and for that I want to save. I want to know which is good FD, MF or PPF. I don’t want to touch the savings in the PPF. Also I am not much aware of the MF so I would like to know which is a good option for me.

Also anyone have any sources to understand MF for totally clueless? I want to know the dumbdown details like how to withdraw after maturity of MF etc. if that is my option.

For now, I want to know if there is a good option to save my money?

2 replies on this article “Where to Invest FD, MF, PPF or Any other option?”

  1. ashalanshu says:

    Dear Mahesh, PPF should be used as long term wealth creator for your retirement. It should be not be used for the purpose you are referring to. Regarding MFs and FDs, please read previous articles and discussions here in the forum and you ‘ll learn a lot.

    Thanks

    Ashal

  2. Hemanth Chandra says:

    To understand the basics of mutual funds, go through the videos in below link

    http://www.youtube.com/user/DSPBlackRockMF

    Also, read all the articles by Manish on Mutual Funds.

    After that, go through the questions asked in this forum under ‘Mutual Funds’ so that you will clearly understand about Mutual Funds.

    FDs are always safe and secure with liquidity, but tax is applicable on the returns. So, choose whether to invest in FDs or not.

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