Like mutual funds, these bonds are denominated in units. On selling them, instead of gold, the bonds are redeemed in cash according to their current v
The decline in bond yields indicates that the market is not expecting an increase in the policy rates from the Reserve Bank in future, rather the mark
If you have a large sum of money in a savings account and want to get better return than the 2.5-3% offered by banks, move it to a fixed deposit
While equity mutual funds offer potential to build wealth over the long term, debt funds add to the stability and liquidity.
It is often prudent for the investor to invest in the shorter end of the yield curve, where volatility is lower
Small finance banks comparatively offer higher interest on FDs than major banks to attract more customers.
Senior citizens should be doubly cautious about financial fraudsters and should not put their money in unknown instruments.
A few private banks and small finance banks are offering higher interest rates to attract new deposits.
In this scheme, the tenure and the investment amount are fixed but the interest rate varies from time to time.
Senior citizens can avail ICICI Bank golden FD facility till April 8, 2022.