HDFC FMP 36M (Nov 9 closing) vs other options
Posted: Tue Nov 01, 2011 11:26 pm
I have 5-6 lakhs available to invest. Just looking for a decent 9+% after-tax return.
Just got a mail about HDFC FMP 36M October 2011 (1) - closed ended
Date of closing Nov 9
For 3 years
I understand about the liquidity issues and the tax benefits.
Any idea of indicative rate of return for this?
In the current interest-rate scenario, how does this compare with other relatively 'safer' options? Are Capital protection funds better for this 2-3 year duration?
Another option i came across was a Manappuram Bond (5 years - cumulative rate 13%) - NOT SURE ABOUT the tax rules for this. Isn't this very attractive? Any idea how good/bad/safe Manappuram is?
thanks a lot.
Just got a mail about HDFC FMP 36M October 2011 (1) - closed ended
Date of closing Nov 9
For 3 years
I understand about the liquidity issues and the tax benefits.
Any idea of indicative rate of return for this?
In the current interest-rate scenario, how does this compare with other relatively 'safer' options? Are Capital protection funds better for this 2-3 year duration?
Another option i came across was a Manappuram Bond (5 years - cumulative rate 13%) - NOT SURE ABOUT the tax rules for this. Isn't this very attractive? Any idea how good/bad/safe Manappuram is?
thanks a lot.