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These days, you’re constantly bombarded with messages every day asking you to invest your money. Be it your parents, your friends, or ads (like AMFI’s Mutual Funds Sahi Hai series) on TV and online – everyone has one common message for you: You need to start investing. But with so many options available in the market, how does one decide which way to go? Let us help you decide through an example: Open a FREE Account Now! Imagine you have a time machine and use it to go back in time to 2007. Your plan is to invest some money then, so you get richer in the present day. So, you invest Rs. 1 lakh each in a fixed deposit (FD), in gold and in equity mutual funds. 10 years later, you decide to withdraw that money. You’ll get Rs. 1.92 lakh from your FD, Rs. 2.85 lakh from gold, and Rs. 3.85 lakh from your mutual fund investments, after taxes*. Now ask yourself this: if you were to invest today, which option would you prefer: FDs and gold with lower returns and taxation...
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