Dear Friends/Clients,
As you know the Interest rate in Bank Fixed Deposites are no more attractive and also the Tax burden is high, So Need to think of Smart Investments.
A small & Beautiful Example:
If you have invested Rs10lacs in L&T 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 Rs14.29lacs(But in Bank it is Rs10lac Only). The Return is 20.20%.
If you have invested Rs10lacs in L&T 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 Rs13.06lacs(But in Bank it is Rs10lac Only). The Return is 13%.
Please find the attachments for more Clarification or detailed information.
As you know the Interest rate in Bank Fixed Deposites are no more attractive and also the Tax burden is high, So Need to think of Smart Investments.
A small & Beautiful Example:
If you have invested Rs10lacs in L&T 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 Rs14.29lacs(But in Bank it is Rs10lac Only). The Return is 20.20%.
If you have invested Rs10lacs in L&T 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 Rs13.06lacs(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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