Hello,
At year end I have to make investments worth 1.5lacs in Sec 80C. For this I want to save around Rs 12500 per month so that I don’t have to manage money last minute.
Debt funds do not qualify towards Sec 80c. Also the gains are taxable.
You may instead consider tax saving ELSS towards Sec 80C. You can enjoy rupee cost averaging by SIPing. Do note that ELSS have a lock in period of three years.
Also I think RDs don’t count towards section 80c. fixed deposits with a lock in of 5 years can be claimed.
yeah correct if you are considering returns in MF around 7.5 and if invested amount is around 1.5 lacs annually then RD or FD is better.
But if are considering for longer term that is more than 3 yrs lock in and larger the amount better is MF option.