17/08/2023
Mutual funds are a type of investment where your money is pooled together with the money of other investors and invested in a variety of assets, such as stocks, bonds, and money market instruments. The goal is to generate returns that are higher than what you would get from a savings account or FD. Mutual funds offer a variety of risk levels, so you can choose one that is appropriate for your investment goals and risk tolerance.
Fixed deposits are a type of investment where you deposit your money with a bank or financial institution for a fixed period of time. In return, you earn a fixed interest rate. FDs are considered to be a low-risk investment, but they also offer lower returns than mutual funds.
Here is a table comparing the key differences between mutual funds and FDs:
