 "Image via Shutterstock")
In bad news for orthodox financial counsellors, the returns made by investors opting for a Systematic Investment Plan (SIP) on popular equity schemes in mutual funds since May 2014 have failed to beat that given by basic bank recurring deposits (RDs).
Most top MF equity schemes have given an annualised return of around eight per cent. In comparison, bank RDs were offering 8.5 per cent during the first half of 2014.
A SIP is one where one invests the same amount periodically — weekly, monthly, quarterly — instead of lump-sums every now and then, and regardless of how the scrip
