It is a proven fact that equity schemes of established AMC s have been delivering better returns than Bank FDs if heldfor more than one year to 5 years,that to tax free( provided you invest in the best performing schemes).As SEBI is trying to ease the rules of redemption,all new investors thinking of entering investment in shares as a first step invest in MF equity schemes then in the best performing Group A shares for long term which wld mostly give good returns of more than 10% minimum,far better than Bank FDs.jeediguntaGoa