DEBT MUTUAL FUNDS
An Investor Education and Awareness Initiative
• A Traditional Financial Instrument offered by Banks
• Fixed Deposits Provide Rate of Interest Higher than Regular Savings Account
• Offer Fixed Rate of Interest for a pre-specified Tenure
• Fixed Deposits come with a pre-defined Maturity Period
• Banks may Charge a Penalty for Premature Withdrawal
• Fixed Deposits are considered to be Safe Investments
• Banks also offer Recurring Deposits and Flexi Fixed Deposits
Debt Mutual Funds vs. Fixed Deposits
Points to Remember…
- Fixed Deposits are traditional investment instruments that provide a higher and assured Rate of Interest than a Regular Savings Account
- Fixed Deposits are covered by the Deposit Insurance and Credit Guarantee Corporation, which guarantees an amount of up to
Rs 1,00,000 per depositor per bank
- The Rate of Interest on fixed deposits is fixed for a pre-specified Tenure
- Compared to bank fixed deposits, debt mutual funds have the potential to offer higher inflation-adjusted returns
- Fixed deposits are suitable for investors with low risk appetite
- Various types of Mutual funds are available for investors across risk appetite but there is no assurance on returns like fixed deposits
- Premature Withdrawal of fixed deposit may be allowed with a penalty
- Early redemption from mutual funds may be subject to exit load if applicable
- Debt Mutual Funds offer tax efficiencies if the holding period is more than 36 months as per current tax laws.
- Consider your risk appetite, investment time horizon and your return expectation while choosing between fixed deposits and / or debt mutual funds
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