If I am having around Rs. 5 - 10 lacs in my saving bank account then is it advisable to transfer it to a Bank Fixed deposit whose interest rates are very low or should I invest it to a good Debt Mutual fund to earn higher interest than Fixed deposit.
26 September 2021
As compared to FD, risk factor in debt MF is little more, but advantage is they have much less lock in period. Though return not guaranteed, some selected funds give better returns than FD.
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