Your Questions Answered: What are the comparisons and variations between FDs and debt mutual funds?
Q. I’m a civil engineer working with considered one of India’s largest non-public building corporations. My spouse can be a civil engineer working as an impartial advisor. Both of us are located within the prime tax bracket. We have been investing in debt mutual funds for the previous 10 years. However, we now perceive that after the finances 2023 tax advantages related to the debt mutual funds have been withdrawn. Can you please elaborate on the identical? We are actually considering investing in fastened deposits. Can you please evaluate and distinction funding in fastened deposits vs. funding in debt mutual funds?
In the realm of financial planning, the selection between debt mutual funds and fixed deposits (FDs) stays a typical conundrum for traders. Both devices function repositories of financial savings, providing various levels of danger, returns, and liquidity. An intensive understanding of their nuances is essential for making knowledgeable funding choices.