I am having FD of 20L which is matured now, i dont want to continue FD due to low interest rate. please suggest which could be the best option to get at least 15% anum growth
Ans: Hello, as per my understanding you have zero risk appetite as per your past investing patterns
When setting expectations for the investments, we have to realistic and go as per our risk appetite and the duration we are investing for. If you are making 7% in FD and suddenly when you are expecting an investment to yield 15%, you are taking 100% more risk to achieve those returns.
So please get in touch with someone to guide you about investing and how to achieve 15% and how to set expectations of your investments
And yes Mutual Funds have given even higher returns compared to 15%, but it needs to be managed properly and with right guidance.
Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.