For small time accumulation of funds for the purpose of buying commodities or utility items such as electronic appliances or a car, etc. you may depend upon savings account but not for long term investments. For long term safe and secure investments, you may consider saving account or mutual funds or fixed deposits (FDs).
It is important to know how to invest.
Savings account being essential is part of most of our lives, so, most people know how to open a savings account. For liquid mutual funds you may visit a stockbroker or Banks and NBFCs to get proper guidance for investing your money. As far as FDs are concerned you may find a number of Banks and NBFCs who are offering them. In fact, you may have to proper research to find the best rates available.
Which one is the best for you?
Before you invest it is essential to find out which one is the best possible option for you. You can do so by basing it on the Liquidity, Returns, and Investment Security:
Know which one is best Fixed Deposit V/S Unit Trust
Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms.