Investment

Dear M.Rajkumar,

My openion is on below assumption.

1.) You are falling under 30% tax bracket.

2.) No deduction under Chapter VI-A is unabsorbed.

I think you shall invest in FMP (of more than 1 year tenure) as Tax incident on it will be only 10% flat.

Regards

Take  minimum risk in investment into equity of EOF funds. Keep your head cool. Do not shake off investment of good shares in a hurry. Good companies will always bounce back. Keep a mix of investments which should include Fied deposits, etc., in Nationalised banks.