Recurring deposit (RD) is one of the most popular investment option for low risk investors. By enabling investment of smaller amounts at regular intervals, RDs have facilitated regular investment and instilled financial discipline among small savers. However, the growing awareness about mutual funds has led many retail investors to turn towards SIP, especially in debt mutual funds, due to the potential of earning higher returns.
If you are self-employed and looking for good investment options, this is a must read for you. Invest in these options for parking your short-term surpluses and long-term goals.
While the awareness around the importance of financial planning for a better future is rising, there still prevails confusion around how to go about it. Here is a full-proof plan to financial planning in an effective manner.