Need A Financial Product Forums Trading/Investments SIP in ultra short term mutual fund generating 9-10% return

This topic contains 1 reply, has 2 voices, and was last updated by  Shankar Chiplunkar 2 years, 11 months ago.

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  • #46873

    Since last two years, I have been investing in 3 LIC policies with total annual premium of Rs. 72,000. I am thinking of starting SIP for the same amount in ultra short term mutual fund on monthly basis with Rs. 6,000 per month. I expect to earn 9-10% return from this investment so that by the end of year, I have sufficient amount to pay premiums towards LIC policies. Can you please suggest such kind of SIPs?

    #46874

    Snehlata
    Member

    You are talking about monthly investment and returns on annual basis. There is a mismatch. Apart from this, you have ignored STCG tax.

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