A few months ago, I had written an article on replacing bank fixed deposits (FDs) with fund investments. However, a lot readers don’t really understand how mutual funds attract less taxation, so here’s a detailed explanation of the entire mechanism.
In three years, falling interest rates have knocked off around 40% from the annual income that a FD would yield. That’s a shocking decline. People generally don’t do the math of returns correctly. Each step in the decline of FD rates app ..
