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Investment Plan Vs Fixed Deposit
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<blockquote data-quote="GRO_MAX" data-source="post: 22258111" data-attributes="member: 229042"><p>Appreciate the ideas of Finance professionals.</p><p></p><p>Lets say if you can save 50K from your salary every month; and you want to invest that money through the saving period (Over a 3 years period)</p><p></p><p>You have two options</p><p></p><p>1) Go for an investment plan</p><p></p><p>Eg: </p><p>Millionaire account Commercial bank : Effective rate 8.6%</p><p>NTB Investors account :Effective rate : 9.6%</p><p></p><p></p><p>2) You can save the money for few months, lets say for four months you can save 200K (50 x 4 months) and then you can invest that money on a FD.</p><p></p><p>In a finance institute - Higher rate 13% per year</p><p>In a Bank - 11% per year</p><p></p><p>Out of these two options what could have given the maximum benefit end of three years.</p><p></p><p>Appreciate your ideas and suggestions</p></blockquote><p></p>
[QUOTE="GRO_MAX, post: 22258111, member: 229042"] Appreciate the ideas of Finance professionals. Lets say if you can save 50K from your salary every month; and you want to invest that money through the saving period (Over a 3 years period) You have two options 1) Go for an investment plan Eg: Millionaire account Commercial bank : Effective rate 8.6% NTB Investors account :Effective rate : 9.6% 2) You can save the money for few months, lets say for four months you can save 200K (50 x 4 months) and then you can invest that money on a FD. In a finance institute - Higher rate 13% per year In a Bank - 11% per year Out of these two options what could have given the maximum benefit end of three years. Appreciate your ideas and suggestions [/QUOTE]
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