Shift from Bank FDs to Liquid/ Ultra-short-term Funds?
The government’s move to demonetise Rs1,000 and Rs500 currency notes, to curb black money, has led to lowering of interest rates on bank fixed deposits (FDs). Low bank FD rates, coupled with taxation as per individual tax bracket, can be disastrous for savers. Should you invest in liquid or ultra-short-term (UST) mutual fund (MF) schemes instead of bank FDs? Mutual fund companies are trying to...
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