Mutual Funds Investment India - Save Taxes & Grow Wealth Online

ClearTax Better than FD Plan

Debt

Growth

+ 29,483 Investors

Start your investment

Monthly

One-Time

₹

No. of years

Estimated Value

(as per historical returns)

₹1.62 Lakhs

ClearTax Better than FD Plan

Debt

Growth

See how ₹1,50,000 grew over last 5 years

5Y return

8.01%

Opt for the safest way to financial security!

Earn higher returns compared to any Bank FD’s or RD’s. Ideal for shorter 1-3 year investments

No lock-in period

Redeem the full amount anytime!

Convenient to use

Simple & effective - Works just like your Bank FD

Funds in this plan

Edit Funds

FUND

Return
3 Year Average

Return
5 Year Average

ICICI Prudential Savings Fund
Debt-Ultra Short Duration
7.76%
8.11%
Nippon India Prime Debt Fund
Debt-Ultra Short Duration
7.29%
7.77%
HDFC Short Term Debt Fund
Debt-Short Duration
8.27%
8.39%
SBI Magnum Low Duration Fund
Debt-Ultra Short Duration
7.58%
7.77%

Plan Summary

Average returns of plans

Period	Returns (per year)
1 Year	8.51%
5 Years	8.01%
3 Years	7.72%

This plan invests in

AAA Rated Debt: 81.48%
AA/AA+ Rated Debt: 13.2%
Cash: 2.08%
Other: 3.24%

Why should you invest in these funds?

With focus on credit quality, HDFC has given reasonable returns at a low risk profile.
While maintaining a moderate level of risk, Reliance fund has delivered higher returns in last 10 years.
Ensuring high liquidity, SBI Magnum has been top performer across category & benchmark.

Fund Summary

Period	Returns (per year)
1 Year	8.32%
3 Years	7.76%
5 Years	8.11%
10 Years	8.6%

Fund Details
ISIN	INF109K01746
Risk	Moderately Low risk
Fund Type	Fixed Income
NAV	Rs. 394.94
Expense Ratio	0.5
Exit Load	No Exit Load (Redemption within 365 days)

Customer Reviews

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HarishIT Developer, Bangalore
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PrateekSoftware Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "
RahulCampus Manager, Bangalore

Why Cleartax Invest?

Our experts do all the research and offer only the BEST mutual funds
Trusted by Over 25 Lakh Indians
Invest in just 5 minutes
No paperwork required
Simple and easy to use

Other Recommended Plans

Grow Rich

5.56%5Y Return

Best suited for high returns in long-term
Suggest investing for 5 or more Years

Benefits

High returns, balanced risk
Expertly chosen funds
Invest consistently to grow wealth

Funds in the basket

Save Taxes

6.08%5Y Return

Lowest Lock-In Period of 3 Years
Suggested investing for 5 or more Year

Benefits

Invest any amount
Reduce Tax upto Rs. 46,800
Shortest lock-in: 3 Years
Earn more than PPF, Tax FD

Funds in the basket

Frequently Asked Questions

What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
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