Presenting Investor Education Originals, where we simplify the basics of personal finance and investing for you. In this video, learn why Fixed Deposit (FD) is a must-have for your investments.
Market investments can be risky so never put all eggs in one basket. As a thumb rule, you should allocate between 20% to 25% of your investment on safe, fixed-return instruments.
The most popular fixed-income instrument is Fixed Deposit, or FD. FD returns are guaranteed, non-volatile and hassle-free.
Why Invest in FDs;
1. FD is a great way to save your emergency fund and make it inflation-proof. They are also easily to withdraw (24-48 hours) and offer higher interest than savings account.
2. If your financial goal is less than 3 years away, park those funds in fixed deposits to avoid risk of market volatility. FDs have ZERO effect of market forces, hence safer than most investment options.
3. FDs come handy during cash crunch by securing a loan against it.
4. FD interest earned on non-cumulative FDs can be used as an income to cover monthly expenses.
How to select a FD:
Select your fixed deposit after comparing FD interest rates and tenure, invest, and then let time work for you. You don’t have to monitor it regularly. Check out the current interest rate on FDs here.
Need more reasons to add FDs to your portfolio? Check out the range of bank and non-bank FDs available on Kuvera. Book in minutes, without the hassles of opening a separate account!
Start investing through a platform that brings goal planning and investing to your fingertips. Visit kuvera.in to discover Direct Plans and Fixed Deposits and start investing today.
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