After nosediving by over 2,700 points on Monday, 16 March 2020, Sensex witnessed high volatility on Tuesday. Similarly, as of Tuesday morning, over 250 stocks touched their 52-week lows on NSE, a report by The Economic Times reveals. While fluctuating numbers indicate instability and investors veer into uncharted territory, you can take the opportunity to revisit your portfolio and rethink your risk appetite.
If you want to stay away from market swings or simply want to hedge your portfolio against losses, you can consider investing in a fixed deposit. FDs offer guaranteed returns irrespective of the market conditions and issuers like Bajaj Finance offer competitive interest rates up to 8.05%.
To know more about why this FD is worth investing in today, read on.
Grow your wealth at a competitive rate of return
Consider the table below to understand how an investment of Rs.25 lakh grows over a tenor of 60 months.
_1584681912542.jpg "Table showing investment of Rs.25 lakh growing over a tenor of 60 months.")
A regular customer earns interest amounting to Rs.11,39,434 over 5 years
An existing customer earns interest amounting to Rs.11,56,346 over 5 years
A senior citizen earns interest amounting to Rs.11,81,831 over 5 years
Augment your finances in a stable and safe environment
The Bajaj Finance FD carries the ICRA MAAA and CRISIL FAAA ratings. These are the highest in their respective categories and speak for the ability of the instrument to deliver returns as promised, and on time. During a phase when market instability is threatening to wipe away gains, parking part of your finances in a stable instrument can be a prudent route to take.
Select a convenient tenor to meet your goals easily
When investing here, you get to pick from a flexible tenor, ranging from 12 to 60 months. By aligning the date on which you earn maturity proceeds with your short- and medium-term goals, you can possess liquidity in a timely manner. This is an important upside that market-linked assets may not be able to offer you.
Address emergencies with a loan against FD
You needn’t fear the lock-in period selected and in times when you are strapped for cash you can avail a loan against your FD. Bajaj Finance offers finance up to 75% of the FD’s value. This way you obtain the assistance you require and preserve your FDs, allowing them to continue to earn interest.
Benefit from value-added services like FD Auto-renewal
Bajaj Finance offers features like the Auto-renewal and Multi-deposit facilities. With the Auto-renewal feature, your FD automatically gets renewed upon maturity, without you having to go through the hassle of filling the renewal form. You also benefit from an interest rate hike, currently an additional 0.10%, when you renew your FD. The Multi-deposit facility allows you to invest in multiple FDs through a single cheque payment. Here, each FD can have a different tenor and help you meet various goals.
Start small with a Systematic Deposit Plan
These features make the Bajaj Finance FD an ideal investment option in the current investment landscape. Start your journey towards future financial strength by booking a Bajaj Finance online FD today!
Disclaimer: This content is distributed by Bajaj Finserv. No HT Group journalist is involved in the creation of this content.
