Debt MFs vs Bank FDs: There was a time when every extra penny was invested in bank fixed deposits (FDs). Our parents have all ended up putting their money in FDs as during those times, that was the best option to earn interest while ensuring that the principal amount remains protected. But in today's world, the horizon of investment has grown much wider, and depending upon one's appetite for risk, investors can choose the best option to grow their money. In the recent few years, mutual funds have come to the fore because of the lucrative interest rates. So, have bank FDs lost their sheen?
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