In terms of money gains per month,why is mutual funds greater than fixed deposit.
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A mutual fund can generate more monthly income than a fixed deposit when its underlying investments earn a higher return than the bank's fixed-deposit rate. Its returns can also be reinvested, allowing compounding to increase future gains. Fixed deposits usually lock your money at a predetermined inRead more
A mutual fund can generate more monthly income than a fixed deposit when its underlying investments earn a higher return than the bank’s fixed-deposit rate.
See lessIts returns can also be reinvested, allowing compounding to increase future gains.
Fixed deposits usually lock your money at a predetermined interest rate for a fixed period.
However, a mutual fund is not automatically better—its returns are variable and can sometimes be lower than a fixed deposit.
Mutual funds can be better than fixed deposits because they offer higher growth potential, better diversification, and more flexibility, while fixed deposits usually provide a fixed, predictable return. Mutual funds have greater potential to beat inflation and grow your money over time, though theyRead more
Mutual funds can be better than fixed deposits because they offer higher growth potential, better diversification, and more flexibility, while fixed deposits usually provide a fixed, predictable return. Mutual funds have greater potential to beat inflation and grow your money over time, though they also carry more investment risk.
See lessIn terms of the word mutual funds it refers to diversification of funds. It is way better because it helps to provide fund flexibility because at anytime you can request for withdrawal and get it also you can invest in so many mutual funds and begetting returns on a daily basis but fixed deposit youRead more
In terms of the word mutual funds it refers to diversification of funds. It is way better because it helps to provide fund flexibility because at anytime you can request for withdrawal and get it also you can invest in so many mutual funds and begetting returns on a daily basis but fixed deposit you can only withdraw on the said fixed date and if you want to force a withdrawal then a penalty is attached to it but for mutual funds no penalty at all. So that’s why I believe mutual funds is better.
See lessMutual funds mostly you agreeing or loaning someone to business the percentage gain can be 41% but fixed deposit max can be 12% but in this situation,bank have make 10x of your money Make sure you make more research
Mutual funds mostly you agreeing or loaning someone to business the percentage gain can be 41% but fixed deposit max can be 12% but in this situation,bank have make 10x of your money
See lessMake sure you make more research