There are both lovers and haters in the world of fixed income instruments. Many believe that this is one of the boring instruments as an investor will not get much returns out of the same. Conservative investors on the other hand, get their complete allocation through fixed income.
However, those who are investing in equity should continue to do the same on a long term basis. But simultaneously, it is important to create a bucket for fixed income. For example, due to the pandemic many have suffered from job losses and pay cuts, and for that a back up is needed to buy essentials.
The first fixed income instrument that an investor should have is the fixed deposit, which can be used as a contingency or as an emergency fund. This would cover all your monthly expenses, insurance premium et al.
Watch investment tips by FinFix’s Prableen Bajpai and ProMore Fintech’s Nisha Sanghavi.
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