In India and everywhere in world, interest rates are rising. well this is good news for some (those who look at making deposits) and bad news for some (those who are looking at taking loans). Now if you fall into first group and are planning to save money, the first thing come to mind is bank FDs. But savings however have to be channeled carefully so that the maximum can be gained from the deposits. Here are the top 5 savings instruments in a rising interest rate regime and better than bank FDs from return perspetive. the top 5 savings instruments are:
1) Debt Mutual Funds
2) Mutual Fund Monthly Income Plan – Growth Option
3) Company Deposits
4) Post Office Recurring Deposit
5) Post Office Monthly Income Scheme
well so you want to save some money then above are good options to channelise your money properly. You should re-adjsut your saving according to current interest rate environmnet.
"when interest rate are rising you should save more in top 3 and when interest rate are going down you should save in bottom 2."
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