RE:FMP
by ravi prakash on Jul 16, 2007 11:29 AM Permalink
You are right. It is difficult to find advice to small investors that is not promoting this or that product subtly and not so subtly. I find a lot of personal finance advice heavily biased in favour of Mutual funds as if they are a panacea. While it is true that mutual funds are managed by so called professionals and having the resources to analyse market trends to decide this or that investment, they are not infalliable. The risks of poor judgment, external influences, hyped up returns and window dressing the returns on investments etc are all part of the normal corporate functioning. The small investor is helpless to do anything save wring his hands over lost investments. It ought to be the business of the media to inform as fairly as possible but sadly, this responsibility is wanting. The author has explained the FMP as an alternative to a Bank FD. Apparently, the piece addresses the concerns of a less risk averse investor
RE:RE:FMP
by gajalakshmi on Jul 16, 2007 12:19 PM Permalink
FMP are better than F.D's . I have personally invetsed in them . Concept is simple. You are taxed at 14.66% on FMP's and 33% on F.Ds.Thats where you make the extra chunk
