Learn which option suits you the best
Liquid fund is a perfect substitute of your saving bank account. These are simply debt mutual funds thats invests money for very short term period ranging from a week to few months.
A debt fund is a type of mutual funds that invests money in various maturities ranging from few months to years. It can act as an alternative to traditional FD that provides interest income along with indexation benefit on long term returns.
An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively (index fund) managed.
A balanced fund combines a stock component, a bond component and sometimes a money market component in a single portfolio. Generally, these hybrid funds stick to a relatively fixed mix of stocks and bonds that reflects either a moderate, or higher equity
FMP - Fixed Maturity Plans
Fixed Maturity Plans, or commonly known as FMP is a close-ended mutual fund scheme with a fixed maturity. This means an FMP with a tenure of 1126 days would invest in an instrument that matures within 1126 days or less.
ELSS (under 80c)
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