Bank's Fixed Deposit VS Mutual Fund Debit Instrument ?
Bank fixed deposit is completely secure and gives a fixed return - the interest earned is taxable. Mutual Fund debt instruments issued by corporates, banks, rbi. They are not completely secure (very little risk) the risk is mostly to returns since the return is not absolutely fixed, however returns are taxfree in the hands of the investor.
I agree that Government undertaking banks are completely and secure to deposit money as the Government is fully liable for depositor's money. I don't have much confidence with respect to private banks as the recent recession in America had led to collapse many private banks.
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Bank's Fixed Deposit VS Mutual Fund Debit Instrument ?
