Q.
How is investment in mutual fund is different from the bank deposit?
Asked by siddharth Paliwal,
17 Jan '12 10:43 am
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Answers (2)
1.
Bank deposits will always get you back your initial investment with some fixed interest whereas investment in mutual funds will give you returns as per their NAV, which could either more or less than your original amount invested.
Answered by Dharmarajan, 17 Jan '12 10:49 am
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2.
When you deposit money with the bank, the bank promises to pay you the interest for the period you specificed .On the date of maturity the bank is supposed to return the principle amount and interest to you, mutual funds offers better returns as compared to the fixed deposits.So it is advisable to invest in the well known funds so that you will not loose from your investment.All of the necessary information is available in the website Reliance mutual fund,ICICI,HDFC.
Answered by mohit jagannath, 17 Jan '12 10:44 am
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