Need A Financial Product Forums Trading/Investments Should I renew my FD or invest it in MF

This topic contains 1 reply, has 2 voices, and was last updated by  Anil Anand 2 years, 10 months ago.

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  • #47181

    Anil Anand
    Member

    I don’t have any source of income and does not even need money in near future. One of my fixed deposits for Rs. 55,000 is going to mature in another 15 days time. I don’t want to invest this amount in equity mutual funds. Where should I invest this amount ? in fixed deposit again or in a good debt mutual fund?

    #47182

    Trupti Ben
    Member

    Fixed deposit is the safest bet. You can also consider corporate deposit with a ranked company, i.e. a company with good CRISIL rating. It will yield you 12-15% rate of interest.

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