WHY INVEST IN DEBT MUTUAL FUNDS
Following are some of the reasons that make debt mutual funds a better investment choice than other options with fixed income.
MORE LIQUID THAN FIXED DEPOSITS: A debt fund is very liquid i.e. you can withdraw your investments at any time and money will be in your account next day. Most debt funds don’t levy a charge if investment is redeemed after one month. So, it provides lot of flexibility.
TAX EFFICIENT: In long term, debt funds are far more efficient than fixed deposits. The longer you hold the debt fund, the bigger is the indexation benefit. No TDS is deducted in […] Read more