Fixed Deposit vs Balanced Fund
Fixed Deposit vs Balanced Fund
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Balanced funds are geared toward investors who are looking for a mixture of safety, income, and modest capital appreciation. The amounts this type of mutual fund invests into each asset class usually must remain within a set minimum and maximum.
A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
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