Liquid and Ultra-Short-Term mutual fund schemes may deliver better returns than savings bank accounts and bank FDs for tenures longer than a year, thanks to the tax benefits that come with investments in these instruments.
Raj Pradhan
Indians love bank deposits. Thousands of crores are being routinely kept with banks as deposits—in savings accounts and as fixed deposits—every year in pursuit of safety of capital and consistency of returns, even though yield, especially post-tax yield, is low. There are better options. One such option is liquid schemes of mutual funds, in which savvy people ...
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