Many investors, it seems, are looking alternatives to their bank deposits. According to some mutual fund advisors and financial planners, many individuals are asking them where should they invest their FD maturity proceeds.
“There are many investors who align their fixed deposit term with the financial year. Those whose FDs are maturing soon and who do not need that money now are asking where should they invest the proceeds,” says Ankita Tanna Narsey Founder, Oaktree Financial Advisors.