Do you have Idea that Balance Funds are always better than any kind of
Fixed deposits.
A Very Simple Example :
If you have invested Rs10lacs in SBI Balance Fund 3yr back on May 2013
and started Redeeming Rs6500p.m(7.8%).
In 3yrs you have Redeemed Rs234000 and after 3yrs the value of
investment is Rs14.09lacs(But in Bank it is Rs10lac Only).
The Return is 19%.
If you have invested Rs10lacs in SBI Balance Fund 5yr back on May 2011
and started Redeeming Rs6500p.m(7.8%).
In 5yrs you have Redeemed Rs390000 and after 5yrs the value of
investment is Rs14lacs(But in Bank it is Rs10lac Only).
The Return is 13%.
Please find the attachments for more Clarification or detailed information.
Fixed deposits.
A Very Simple Example :
If you have invested Rs10lacs in SBI Balance Fund 3yr back on May 2013
and started Redeeming Rs6500p.m(7.8%).
In 3yrs you have Redeemed Rs234000 and after 3yrs the value of
investment is Rs14.09lacs(But in Bank it is Rs10lac Only).
The Return is 19%.
If you have invested Rs10lacs in SBI Balance Fund 5yr back on May 2011
and started Redeeming Rs6500p.m(7.8%).
In 5yrs you have Redeemed Rs390000 and after 5yrs the value of
investment is Rs14lacs(But in Bank it is Rs10lac Only).
The Return is 13%.
Please find the attachments for more Clarification or detailed information.
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