Fixed Deposit or Debt Funds- where to invest?
All of us know about fixed deposits, so first lets see the meaning of debt funds. Debt fund is a mutual fund which mainly invests in a mix of debt or fixed income securities such as treasury bills, government securities, etc. They have generally fixed rate of interest and fixed maturity date. Fixed deposits are generally preferred by risk averse investors.
1. Debt funds are more tax efficient than fixed deposits.
In fixed deposits, if your income increases to Rs10k or more then bank will deduct 10.,3% from your income & amount of fixed deposit is taxed every year irrespective of its […] Read more