Why you should put your savings in Mutual Funds instead of bank?
Bank gives an interest rate from 3.5% to 6% per annum.
But mutual fund gives you a return from 5% to 35% and the average return is
around 15% to 18%.
And you should keep invested for at least 5 years for a better return.
The current return rate is 25%
There is always a risk in Mutual Fund, so you need to have a lot of patience but
with patience, you get higher returns.
I always suggest, INVEST, and FORGET.
So choose wisely, Bank or Mutual Fund?
#financialplanning #mutualfunds #investments
Posted by Amitabh Songara on Facebook
link: facebook.com/iamsongara
Bank gives an interest rate from 3.5% to 6% per annum.
But mutual fund gives you a return from 5% to 35% and the average return is
around 15% to 18%.
And you should keep invested for at least 5 years for a better return.
The current return rate is 25%
There is always a risk in Mutual Fund, so you need to have a lot of patience but
with patience, you get higher returns.
I always suggest, INVEST, and FORGET.
So choose wisely, Bank or Mutual Fund?
#financialplanning #mutualfunds #investments
Posted by Amitabh Songara on Facebook
link: facebook.com/iamsongara