A large number of Indians invest in fixed deposits because they offer guaranteed interest as well as capital protection. However, other factors inflation and taxes should also be considered.
Our selected products give significantly better returns than savings with hardly any additional risk and are equally flexible. The money can be withdrawn anytime and you earn interest daily.
*Taxation details are as per existing tax laws.
The nature of tax will depend based on the individual’s tax status and nature of investments.
Significance difference between MF and Fixed Deposit
||OCEAN FINVEST RECOMMENDED
||Debt Mutual Funds
|Tax (Most Important)*
||As Per Tax Slab
||Debt Less Than 5% Arbitrage-0%
||Fixed Term/ Premature With Penalty
|Typical Net Return (Post Taxes & Penalties)
|Inflation Adjusted Returns
||Potential for High Inflation-adjusted Returns
||Usually Low Inflation-adjusted Returns
Do some number crunching here!
Notwithstanding the above, investing in mutual funds offer advantages:
- Offers innovative modes of investing and withdrawing – Systematic Investment Plans (SIPs), Systematic Transfer Plans (STPs), Systematic Withdrawal Plans (SWPs), etc.
- You can tactically allocate your investible surplus.
- Your hard-earned money is professionally managed by professionals who hold years of experience in financial research and fund management.