21/07/2022
Do you know what India's favourite investment product is?
Fixed Deposit... Ya you guessed it correctly.
What is good about it? Safe, liquidity, assured returns..
What is wrong with it? Does not beat inflation, low return, TAXABLE
It's annual pre tax return is around 6% post tax which will be around 4% which will never help you to beat the inflation over the long term and more over it will not compound.
Want to know any investment products which is safer and give return in long term. Contact me.