iCharts Discussions

[chetan83]

Dear Friends,

Just posting a view, off the topic from SHARE/COMMODITY MARKET.

If you invest Rs.1000 every month in recurring deposit which yield a min of 8% p.a for minimum 12 months tenure and open a new RD a/c every month with same amount & tenure (means from 12th months onwards you have to invest 1000*12=12000 pm) and re-invest the matured amount earned (1000*12=12000 ka Rs.12500) and reinvest 12500 every month in RD for 12 months......then, at least you can manage to Get Rs.7,80,000/- at the end October'2019.

If you invest this Rs.1000, in any good mutual fund on SIP basis for 12 months and renewing it in similar fashion (excel attached for RD only), you could manage to get close to Rs.12-14 lakh (assuming mutual fund rate of return is between 12-15% p.a).

By the way I am joining ICICI BANK (Deputy Manager-ops) at Bodh Gaya (starting banking career after being in Insurance operation for close to 6 years) from 24th July'2013, so I plan to do the above from August onwards.

regards,
Chetan.

[Arkad]

Hi Chetan
Congratulations on your new job!
If we add the perspective of income tax... the yield from RD will reduce considerably i think (assuming the highest tax bracket)... how about Debt MFs as an alternative? returns after 1 year are subject to LTCG tax...

All the best for your career...

Regards

[ProTrader]

Chetan:

Congrats!

Was relieved not to see 1000 into 1 cr scheme .

I haven't gone into the specifics..But it is a good idea to spread your investments like all wise people do.

Wishing you super growth in your career.

Regards,
PT

[ajit602]

[quote="ProTrader"]Chetan:

Congrats!

Was relieved not to see 1000 into 1 cr scheme .

I haven't gone into the specifics..But it is a good idea to spread your investments like all wise people do.

Wishing you super growth in your career.

Regards,
PT[/quote
sir is there icharts mobile site is available where we can see the forum and post the comments. if not please create. Because the present icharts site is big to open in mobile.
thanks

[ajit602]

[quote="ProTrader"]Chetan:

Congrats!

Was relieved not to see 1000 into 1 cr scheme .

I haven't gone into the specifics..But it is a good idea to spread your investments like all wise people do.

Wishing you super growth in your career.

Regards,
PT[/quote
sir is there icharts mobile site is available where we can see the forum and post the comments. if not please create. Because the present icharts site is big to open in mobile.
thanks

[bappa1971]

[shekharinvest]

[pkholla]

Chetan: By no means trying to disillusion you but ...
1 Income tax
2 "Main ma banne wali hun"
3 "Main phirse ma banne wali hun"
4 Bahut rakam jama hai, ji: Bachche ko us donation school me bharti kar de: Hamare sabhi padosan unke bachcho ko usi skul me bhejthe hai
5 Is saal chalo Switzerland chale (Kashmir dekh dekh kar bore gaya hai, ji
6 Rita ko naya diamond neklis mila hai, mujhe aap ne kya diya hai, 10 saal shaadi ke baad?
7 Naya Swift Dzire bahut sundar dikhta hai
8 Munna ka PPF me bas 10000, aap to amir hai, 50000 dalo is saal
9 Rahul chacha ki dusri beti bimar hai, maine 25000 dene ka vada kiya hai (apke R/FD se nikal kar!)
Cheers, Prakash Holla

[kamal.icharts]

Dear Member,

Currently we do not have mobile site, but you should be able to access the site from your mobile. May be you need to once clear the browser memory of your mobile and then try to access the site

Regards

Kamal

[chetan83]

Thanks PT, ajit602, Prakash, Arkad, Shekhar........

Mentioned scheme/idea is for investment purpose only...
...please read the offer document carefully before investment

I have 7 Bank a/c in which most are in rural/semi-urban area, where Form 60 is given....they have Net-Banking facility (public sector banks). Some in my name, spouse, brothers name. So, it is all diversified a/cs.

and so, i try that by such investment my income tax is not HIT

[guptak03]

hello chetan sir i have A/C in icicibank and its only giving 8.5 for Rd which is much than saving rate of interest and in icici iwish Rd scheme i dont see any tgt amt showed asper investing 1000 every month for 7 years as you mentioned ..plz throw some light