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Mutual Fund vs Post Office MIS vs SCSS: Rs 9 lakh investment; which will give the highest return; see calculations
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
When investing Rs 9 lakh, choosing the right option between Mutual Funds, Post Office Monthly Income Scheme (MIS), and Senior Citizen Savings Scheme (SCSS) can significantly impact returns. Mutual Funds offer higher potential returns, while Post Office MIS and SCSS provide government-backed security with fixed interest. This comparison analyzes expected returns over 5 years, interest rates, and the unique benefits of each option to help you make an informed decision on which investment avenue suits your financial goals best.
1/9
Mutual Fund (Lumpsum Investment)
1/9Type of Investment: Lumpsum, where a significant sum is invested at once.
2/9
Return
2/9Expected at 12% annually.
3/9
Calculation
3/9
Time Period: 5 years.
Investment Amount: Rs 9,00,000.
Estimated Returns: Rs 6,86,108.
Total Value: Rs 15,86,108.
4/9
Post Office Monthly Income Scheme (MIS)
4/9Interest Rate: 7.4% per annum.
5/9
Calculation
5/9Monthly Interest: Rs 5,550 (on Rs 9 lakh investment).
6/9
Features
6/9
Security: Government-backed, low-risk.
Interest Disbursement: Monthly.
Additional Benefits: Sovereign guarantee, safe investment option.
Maturity: Can be withdrawn after a fixed tenure.
7/9
Senior Citizen Savings Scheme (SCSS)
7/9Interest Rate: 8.2% per annum.
8/9
Features
8/9
Time Period: 5 years (extendable by 3 years).
Investment Amount: Rs 9,00,000.
Quarterly Interest: Rs 18,450.
Total Interest Earned in 5 Years: Rs 3,69,000.
Maturity Amount: Rs 12,69,000.
Security: Government-backed, superlative capital security.
Withdrawal: Premature withdrawals allowed with penalties.
9/9
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