I personally see it as game changer in how invest in FDs.
Any comments or thoughts or guidance would be highly appreciated.
I am really surprised when I get to know why people especially in their 20s, 30s choose to invest their money in FD over MF/Stocks? They are young and have higher risk appetite but still prefer to choose to invest in FDs whose returns are kind of equal to the inflation rate. Really surprised to see this.
Also tells a lot about financial illiteracy which the young folks have who prefer for no brainer fixed returns rather than doing a little bit of research and invest in other options giving way higher returns.
Warikoo-putra, lets talk when you've seen an equity downturn which wipes off 60% of your equity portfolio in 1 month.
Now imagine you have a goal coming up that needs a substantial outflow. Say your wedding.
What do you do other than pray that the equity markets go up? Would you sell the rest of your equity at a loss?
Fixed income instruments - such as FDs - are needed to park your money in when your goals move to the short term. That way when you have an impending outflow, the value of your investment doesn't have any volatility. Short Term = less than 3/5 years.
Early in career folks don't need FDs not because they are a bad instrument, but because the have no major goals to spend for other than the occasional vacation / iPhone.
How many times an index has fallen 60%?😂 Atleast think before you speak. Wasn’t it self explanatory that if you are investing in SIP/MF it will be for long term?
For any unknown event, won’t you have a corpus or emergency fund? Or will you invest every penny into FD? Ever heard of T-bills, bonds, index funds, etc?
I believe MMMFs and low duration funds better in every way to FD. Check for Non-Govt holding % within just in case. Agree with @Thomas_Shelby here.
Tax deduction annually reduces FDs efficacy vs debt instruments. Especially true for those who already have EPFO & PPFs.
For retirees, those in lower tax buckets, those w/o EPFO: FDs can address their needs.
Stablemoney is very good and much needed. It is a platform like PolicyBazaar/Groww, but only in the FD market. Platform based Fintechs are solving a great use case of addressing the shoddy customer service of the end BFSI FIRMS ONLY IF THEY PROVIDE PROMPT CUSTOMER SERVICE AND GRIEVANCE REDRESSAL. I hope some such platform based Business solves the EPFO & tax filing for us soon.
Game changer, lol! The amount of marketing rhey have done just to sell FDs means they have no substantial value add with their offering. The amount of interviews i have seen makes me think their next campaign will be to interview everyone who has opened an FD using them.
Just check what is process to break the deposit or what needs to happen when it closes.
Have seen some case needing offline visit to get money back in online deposits. So just check it once
It's stable.
The deposits are directly with the FI. So the holding is transparent.
They need to ramp up the options to invest. Other than that (current) limitation I think its a brilliant platform.
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I'd love to chat with you folks about my ...
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