All these 'smart' Finance Advisors give you half the picture and border on cheating. I invested in SBI Tax Magnum(Every one says it is Excellent). My Rs.10,000/ invested after three years has become Rs.4112! a whopping 60% erosion.
All the things written in the article are nothing but beaten bush. All the mutual funds and investment schemes keep the lion share for themselves and give you peanuts.One should better invest in PPF,and NSC.Instead of fetting monthly interest it is better to get compounded interest at the end of 5 or 6 years.That way you will get a consolidated amount to spend on education or building a house.
Re: Information in Article is Incorrect
by Rajendra Modhave on May 06, 2011 06:07 PM
Bhayya Investment is for 6years i.e > 5yr 80c milega. interest is monthly.one time invest( MIS=monthly income scheme)
