comScore
Active Stocks
Mon Dec 11 2023 10:55:16
  1. Tata Steel share price
  2. 129.2 0%
  1. Bharti Airtel share price
  2. 993.15 -0.64%
  1. Tata Motors share price
  2. 721.55 0.97%
  1. State Bank Of India share price
  2. 615.5 0.24%
  1. ITC share price
  2. 452.4 0.72%
Business News/ Money / Personal-finance/  Debt MFs vs Bank FDs vs Senior Citizen Savings Scheme: income tax
Back Back

Debt MFs vs Bank FDs vs Senior Citizen Savings Scheme: income tax

Here's a look at the tax rules that apply to some debt-related investment products such as debt mutual funds, post office deposits, bank fixed deposits and Senior Citizen Savings Scheme.

An investor needs to pay heed to the taxation rules to know what the net returns would be. Photo: MintPremium
An investor needs to pay heed to the taxation rules to know what the net returns would be. Photo: Mint

Any portfolio should have a balanced mix of asset classes. Diversification helps reduce the overall risk. For instance, equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier. To balance that, one must invest in debt-related products. While these too carry some risk, they are considered safer. Also pay heed to the taxation rules to know what the net returns would be. Any change in rules can affect the reason why you had invested in the product. Here’s a look at the tax rules that apply to some debt-related investment products

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Nov 2018, 08:43 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App