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Should I close my RD and invest in debt fund?
I have an RD running since June-15 with 10000 per month.It will mature in 2025 with maturity amount 1836000 but post tax will be reduced to 1640000
So effectively 5.9% return instead of 8%
I saved this money for my kids' eduction and will require after 2028 upto 2031(maybe).
Present accumulated corpus is 640000.Now please someone tell me whether I should close RD and invest this money in other debt/hybrid/equity instruments for better return pist tax and withdrawal flexibility.I have just started investing in equity funds through SIP 18000 per month.