OPTION OF FIXED DEPOSIT IN MUTUAL FUND
Query:
THANKS BALAJI FOR YOUR EFFORT I WANT TO INVEST 1LAC FOR THE PERIOD OF 1 YEAR. CAN U SUGGEST SOME MUTUALFUND SCHEME WHICH IS ALTERNATIVE TO BANK FIXED DEPOSIT?
Reply:
Debt Funds are considered as an alternative for bank fixed deposits. The objective of these funds is to generate an returns of around 8% to 15%. These are highly safe and are considered as an alternative for bank deposit and Post office deposit. These funds invest in Government Bonds and Corporate debentures.
Some of the Top Debt funds that would be recommended for investing are
UTI CCP Advantage Fund – Growth ( Past 3 years returns – 14.85%, Past 1 year – 24.44%)
UTI Charitable and Religious Trusts – Growth (Past 3 years – 10.79%, past 1 year – 18.17%)
Please feel free to reply back for clarifications.
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
The information contained in this website has been obtained from sources considered to be authentic and reliable. However, InvestMutualfunds.net is not responsible for any error or inaccuracy or for any losses suffered on account of information.
