What's the best way to explain my Dad - Mutual Funds is better option than FD and MF gives higher returns.
His statement is that "it is risky and might have to bare the loss sometimes and can't remove the cash whenever required (has lock in period)
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Udyamee
Stealth • 5m
Close to impossible! Keep trying till FD matures.😊
0 replies1 like
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Entry level Salary offered by IT firms in 2003-04: around 2.5-3Lakhs.
Entry level Salary in 2022: around 3-3.5Lakhs.
Inflation every year is around 6-7%.
Yet FD is where 58% of Indians have invested.
FD is safe
FD ensure liquidity
FD return doe
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I have a demat account opened last year from IND money but haven't done single transaction till now..can I close my demat account from that app?
What will happen if I have demat account but not using it?
And also if I close my ac