UGVCL VIDYUT SAHAYAK (JUNIOR ASSISTANT) WAITING LIST DECLARED 2019

UGVCL VIDYUT SAHAYAK  (JUNIOR ASSISTANT) WAITING LIST DECLARED 2019


Further, here are a few points on the basis of which you can choose between mutual funds and post office schemes:

Guaranteed returns: Mutual fund investments do not offer guaranteed returns, unlike post office schemes. Any change in the market directly impacts the returns and at times, an investor may miss out on the monthly dividends too. Also, even if the monthly dividends are paid, the amount that an investor will receive each month is not guaranteed. On the other hand, post office schemes are currently offering guaranteed annualized returns of up to 8.7%.

Liquidity: Mutual fund investments are highly liquidable and an investor can opt out of it at any point in time. Withdrawal from mutual fund investments would cost you around 1% exit charge. However, premature withdrawal from post office schemes would cost you a deduction of over 2%.

Taxation: The interest earned from post office schemes is taxable as per your personal income tax slab. Similarly, dividends from mutual funds are subject to distribution tax of 13.84%. If the units of the fund are sold within a year, then the tax would have to be paid as per your personal income tax slab. If the units are sold after a year, the long-term capital gain tax of 10% is levied.

Maximum investment: The maximum investment an investor can make in post office schemes is fixed in some of the schemes. Mutual fund investments, however, don’t come with such limit and an investor can invest as much as he wants.

Monthly investments: Post office schemes allow investors to accumulate money by depositing it on a monthly basis. Similarly, in mutual funds, an investor can invest via SIP. SIP investments have now become one of the best investment options as with it an investor can invest an amount as low as Rs 500. With SIP, an investor can benefit from the power of compounding and rupee-cost averaging.

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