Please understand this is not a comparison between fixed deposit and debt mutual funds.
I am looking for (if any) better option than investing in RD to accumulate funds on month-on-month basis, to cover my fixed costs of the year.
If investing in MF or any other instrument will give me better returns and also safeguards my invested amount. Wealth creation is not the primary objective, though ideally it should give more returns than RD while not being a risky affair.
The only objective is to plan for my annual fixed expences in form of 8-10k EMI. And redeeming them as and when the annual services need to be renewed.
While suggesting MF we need to consider the frequency of deposits - 8-10k every month. And then withdrawing partial funds at the time of annual renewal of my policies, service contracts etc. At multiple times across the year.
Also please consider exit load charges etc while proposing your idea.