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
Baki sab thik ?ย โขย 10m
Close to impossible! Keep trying till FD matures.๐
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What will happen when there will be no cash to burn? Simple math.
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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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Comment and let me know what you thi
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