Need your suggestions on SBI dual advantage fund. I currently have some lump sum money with me, & I am planning to invest the same in SBI dual advantage fund for 3years. And continue to invest the final corpus again in the dual advantage fund for next 3years. I want to do this, because I don’t want to park the money in FD, which will attract the IT & I would not get more than 5% ROI. Please let me know is it a good suggestion to invest in SBI dual advantage fund, than keeping the money in FD. And FYI, I already have a 10K SIP’s per month on equity market , so again I don’t want to invest this lumpsum amount in the equity or debt mutual funds.
Thanks in Advance for your kind suggestions.
On what basis you selected this fund among same other funds? Any specific reason? Also, which series can you specify?
This fund was suggested by the Bank employee, when I went to SBI to check the FD norms & procedures.
Please suggest me , what other best alternative we have instead of keeping the money in FD for 10 years. My primary concern is to save the principal amount & at least 8% ROI in time line of 10 Years.
Thanks again for your time !
First thing, never rely on these bankers. They are the most dangerous species nowadays. Refer my post “Top 10 Best SIP Mutual Funds to invest in India in 2017“.