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Which one is better, ₹5 lakh investment in FD or ₹5 lakh lump sum in mutual funds?
An investment of ₹5 lakh will turn into ₹6.05 lakh after three years in an FD at 6.45% per annum, as per NDTV Profit. If a person makes a lump sum investment of ₹5 lakh in mutual funds, the maturity amount is expected to rise to around ₹7.02 lakh over three years at an annual growth rate of 12%.
read more at NDTV Profit