News From Press Popular equity schemes fail to beat bank RD returns

Popular equity schemes fail to beat bank RD returns

Source: Business Standard Jun 1, 2016

Returns generated by several popular equity mutual fund schemes have failed to beat the returns of recurring deposits (RDs) offered by banks in the past two years.

An investment initiated in a bank’s RD with a monthly instalment of Rs 1,000 in May 2014, earning interest of 8.75 per cent (then), would have turned into Rs 27,400 in May 2016, an absolute gain of 9.6 per cent on a total deposit of Rs 25,000.

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