Tag: #markets

Are small finance banks good bets for FDs?

Some small finance banks are giving lucrative FD options. Is it advisable to opt for such FDs at 8-9% returns than a normal debt mutual fund for short- to medium-term parking of funds? FDs opened with small finance banks offer higher capital protection and income certainty than debt mutual funds. The RBI has granted the status of scheduled bank to...

How to use your gratuity to reduce loan obligations?

I am 40 years old and have taken a career break for a year. I received Rs 5 lakh as my gratuity and want to invest this amount in an avenue where I can get compounding interest. I want to use this money to end my home loan of Rs 18 lakh by May next year. I also have an LIC policy which will complete 10 years in December this year, so I will be able to withdraw Rs 4...