Dear All,
I have around 1 Lakh INR to invest; which I would require after 12 months.
Without taking higher risk; is it advisable to invest my money in some MIP schemes and expect atleast a better return than normal Bank FD?
Also kindly correct me in one of my understanding i.e. in case of MIPs there's generally no exit load on most MIPs; if redeemed after 1 year but there's 10% capital gain tax or 20% with indexing (What does it mean by indexing?) tax while redeeming..So considering all these and uncertain outlook of market dynamics; will it be wise to still go ahead with some MIP investment; if investment horizon is 12-15 Months only?
If yes; Could you suggest for some good MIPs?
Thanks in advance for kind feedback.
rgds,
I have around 1 Lakh INR to invest; which I would require after 12 months.
Without taking higher risk; is it advisable to invest my money in some MIP schemes and expect atleast a better return than normal Bank FD?
Also kindly correct me in one of my understanding i.e. in case of MIPs there's generally no exit load on most MIPs; if redeemed after 1 year but there's 10% capital gain tax or 20% with indexing (What does it mean by indexing?) tax while redeeming..So considering all these and uncertain outlook of market dynamics; will it be wise to still go ahead with some MIP investment; if investment horizon is 12-15 Months only?
If yes; Could you suggest for some good MIPs?
Thanks in advance for kind feedback.
rgds,