If you had invested in. S.B.I F.D Rs 100,000/- @9%(compound quarterly-) on say 20 may 2003 now grown ( in 11 years)to Rs 266,190/-.Subject to Income Tax rate applicable to income slab of investors(Absolute return 166%) If you had invested same amount Rs 100,000/- in Reliance banking fund( all good banks-private n psu banks equity) which now grown in 11 years. Rs 13,20,000/-(absolute return 1220%) All banks are doing business from our money n generated profit for shareholders. In privatr banks, majority shareholders are FII. So be shareholder in bank rather than depositor. For information only
Posted on: Tue, 03 Jun 2014 16:21:52 +0000
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