Q. I’m a civil engineer working with certainly one of India’s largest non-public building corporations. My spouse can be a civil engineer working as an impartial advisor. Each of us are located within the prime tax bracket. We’ve got been investing in debt mutual funds for the previous 10 years. Nonetheless, we now perceive that after the price range 2023 tax advantages related to the debt mutual funds have been withdrawn. Are you able to please elaborate on the identical? We are actually considering investing in mounted deposits. Are you able to please evaluate and distinction funding in mounted deposits vs. funding in debt mutual funds?
Within the realm of economic planning, the selection between debt mutual funds and glued deposits (FDs) stays a typical conundrum for traders. Each devices function repositories of financial savings, providing various levels of threat, returns, and liquidity. An intensive understanding of their nuances is essential for making knowledgeable funding selections.