business

Short term investment horizon? Refrain from equity MFs

Investors with a short term horizon should refrain from investing in equity mutual funds as they attract exit load and given the current volatility in the market, advises Pankaj Mathpal of Optima Money Managers. Instead, one should opt for recurring deposit in any bank which will fetch 8% returns per annum.

first published: Jul 10, 2012 02:17 pm