You have already heard it: it is time to shift your money in bank deposits to debt mutual fund schemes to benefit from likely fall in interest rates. It is time you actually implement it. Many investment experts believe that it is wise to invest in debt funds at a time when interest rates are poised to fall soon.
"The debt funds are giving you 8-9 per cent returns and your investment will be giving a huge amount of capital appreciation. This scenario is straight away better than a bank FD which is giving less returns and will be taxed as per your marginal rate of taxation," says Abhiroop Mukherjee, Senior Manager - Fixed Income, Motilal Oswal AMC.
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