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The right choice of investment is crucial when it comes to multiplying your wealth and diversifying your investment portfolio. With a plethora of investment options available in the market, choosing the right scheme can be daunting. Mutual Fund and Fixed Deposits are two such investment instruments that have been confusing investors for a long time. While both are excellent forms of investment, the choice entirely depends on your expectations from a financial venture and the amount of risk you’re willing to take.
In a Mutual fund, money is pooled from multiple investors and invested in assets like shares, equity, real estate, and liquid assets. Whereas a Fixed Deposit is a saving scheme that comes with a fixed or flexible term and a rate of interest that’s immune from prevalent market conditions.
Know more about FD: https://www.bajajfinserv.in/fixed-deposit