Make FDs Earn

Make FDs Earn

1. Fixed Deposits and Post Office Savings products are suitable for those senior citizens who are conservative savers with low risk appetite, and need "tabulated" interest rates, which are neither "fixed" nor "inflation-friendly" in the long-term.

2. With a moderate, low or high, risk appetite, you should "invest" in a Monthly Income Plan of a debt fund, or in a Balanced Equity fund, respectively, for availing "market-linked returns" to help you tide over annual inflation with "reasonable" ease.

3. With a higher risk appetite, you can even invest in a multicap fund, or combine it with a balanced fund, for aiming "potential" long-term higher returns, while growing your wealth with periodic rebalancing, in our vibrant and dynamic economy.

4. If you need a Sec 80C tax-planning instrument for your higher corpus, you can add an ELSS fund in your portfolio, for investing an amount required each year for saving taxes, and which will continue to give you market-linked returns even thereafter.

5. The main objective should be to make your "old (FD) savings" now earn long-term inflation-beating market-related returns through your "new (MF) investments", as per your risk appetite.