Published On : Fri, Oct 16th, 2020

Not the time for long-term fixed deposits

While it is difficult to predict the trajectory of stock prices, equity funds or gold, one thing is certain: Interest rates will remain low in the near future.

The repo rate has declined from 6.25 per cent in February 2019 to 4 per cent (since May).

Returns offered by liquid funds and other short-term investments have fallen in tandem.

Gold Rate
May 27- 2026 - Time 10.30Hrs
Gold 24 KT ₹ 159,000 /-
Gold 22 KT ₹ 1,47,900 /-
Silver/Kg ₹ 2,70,000/-
Platinum ₹ 88,000/-
Recommended rate for Nagpur sarafa Making charges minimum 13% and above

Liquid funds have given average returns of 4.4 per cent over the past year.

Traditionally, conservative investors have parked their short-term money in fixed deposits (FDs).

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