MIP or Post Office Scheme
Hello Friends !
I am in need of generating regular monthly income to meet my family's monthy expenses.
I have been given two choices.
1) Invest money (max 3 lacs for single & 6 lacs for joint ac) in the Post
Office Scheme at the return of 8% interest which is divided equally and
paid each month.
2) Invest in a good MIP and expect returns at least 12%.
At the first glance, it appears that answer to my question is available in the question itself. But I am confused because, here we are talking about a steady income failing which I will have to use the principal amount which means eroision of the capital.
In order to set up a deadline to generate MIPs, I am trying to accumulate enough funds to invest at one go (if Post Office is decided). So at present taking short time FDs for one year / 6 months . The planning is being done in such a way that all these FDs are matured at a particular month next year so that I will have the BIG amount to put in the MIP. Please suggest if there is a better idea.
Please advise.
Thanks & Regards
Jeet
Hello Friends !
I am in need of generating regular monthly income to meet my family's monthy expenses.
I have been given two choices.
1) Invest money (max 3 lacs for single & 6 lacs for joint ac) in the Post
Office Scheme at the return of 8% interest which is divided equally and
paid each month.
2) Invest in a good MIP and expect returns at least 12%.
At the first glance, it appears that answer to my question is available in the question itself. But I am confused because, here we are talking about a steady income failing which I will have to use the principal amount which means eroision of the capital.
In order to set up a deadline to generate MIPs, I am trying to accumulate enough funds to invest at one go (if Post Office is decided). So at present taking short time FDs for one year / 6 months . The planning is being done in such a way that all these FDs are matured at a particular month next year so that I will have the BIG amount to put in the MIP. Please suggest if there is a better idea.
Please advise.
Thanks & Regards
Jeet