News From Press Confused between bank FDs and debt mutual funds? Here’s a pro tip

Confused between bank FDs and debt mutual funds? Here’s a pro tip

Source: Economic Times Mar 20, 2023

While debt funds have usually outperformed fixed deposits of similar tenures, mutual funds do not not guarantee returns unlike FDs. Bharat Phatak, Director, Scripbox, suggests investing in debt mutual funds is a better option compared to bank FDs, given their potentially higher returns, tax efficiency and greater liquidity.

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