Debt Funds– A Choice Of Life After 60

Remember the days when every extra income – be it bonus or increment, or retirement corpus found its way into the bank FDs. Our grandparents and parents have all ended up putting their money in FDs mostly in their lifetime. Those were the days when nothing came closer to Bank FDs in terms of security, convenience, and long-term wealth creation. Fast forward to today, fixed deposits rate are hardly favorable given elevated inflation levels. Investors now have multiple options to invest the extra cash as per their risk appetite. What has changed now? The reason our older generation invested in FDs was because there were no other alternative available. India is already the 5th Largest economy in the world and is set to become largest in a few decades. As economy grows the interest rates gradually falls. As a result, FDs have lost their sheen as the most popular long-term investment...