lordsheavenlydaughter
New member
In the current environment, where debt mutual fund returns are very poor (last 3 month pre-tax returns for the best overnight/liquid/short duration funds are (0.75%-1.25% i.e between 3-5% annualized), bank fixed deposits suddenly look more attractive. Especially those of many strong but less known banks (small private banks & small finance banks that are RBI Scheduled banks with deposit guarantee).
When I speak to people around, concernts/constrains on investing in bank FDs seem to be
a. Trust/Safety (what if it is another PMC bank)
b. Convenience (can I open & operate account digitally)
c. Awareness (I didn't know I can earn 7% on a bank FD. My bank offers 4.5%)
Any other concerns/constraints come to mind ? How to address them?
If you have been in the camp of FDs are boring/low return & debt MFs are the right choice, what will prompt you to revisit & change that view ?
When I speak to people around, concernts/constrains on investing in bank FDs seem to be
a. Trust/Safety (what if it is another PMC bank)
b. Convenience (can I open & operate account digitally)
c. Awareness (I didn't know I can earn 7% on a bank FD. My bank offers 4.5%)
Any other concerns/constraints come to mind ? How to address them?
If you have been in the camp of FDs are boring/low return & debt MFs are the right choice, what will prompt you to revisit & change that view ?