What Makes Fixed Deposits a Sensible Investment Tool?
There are many investment options that you can see, making their presence felt in the Indian market. Yes, you have guessed them, right! They are equities, real estate, and mutual funds which have become popular, especially with the younger generation due to a higher capital appreciation!
But, after having said that, despite the availability of the discussed investment options, fixed deposit still rules the roost when it comes to winning the trust of its investors.
Another reason for fixed deposit not yet failing is that they not only offer a higher interest payout but even have their ROI is fixed. It means you get what was promised, and there are no threats to the money as fluctuating market conditions do not influence its return.
Hence, fixed deposit investment is an ideal tool which...