Investment in Debt mutual fund
This query is : Resolved
26 September 2021
Dear Sir,
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.
Is Debt Mutual fund safe to invest.
Please advise.
Regards,
Divyesh Jain
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.
Is Debt Mutual fund safe to invest.
Please advise.
Regards,
Divyesh Jain
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.
Though return not guaranteed, some selected funds give better returns than FD.
28 September 2021
Thanks for your reply
28 September 2021
My Pleasure ........
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