Your Questions Answered: What are the comparisons and differences between FDs and debt mutual funds?
Q. I am a civil engineer working with one of the largest private construction companies in India. My wife is also a civil engineer working as an independent consultant. We are both in the top tax bracket. We have been investing in debt mutual funds for the past 10 years. However, we now understand that after the 2023 budget the tax benefits associated with the debt mutual funds have been withdrawn. Can you please elaborate on the same? We are now thinking of investing in fixed deposits. Can you please compare and contrast investing in fixed deposits with investing in debt mutual funds?
In the field of financial planning, the choice between debt mutual funds and fixed deposits (FDs) is still a common area for investors. Both instruments act as savings stores, offering different levels of risk, return and liquidity. A thorough understanding of their nuances is critical to making informed investment decisions.
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