When it comes to making your wealth grow, you are advised to invest your money. This is a good recommendation. However, as with any other financial endeavor, there is little you should consider beforehand. You should consider factors such as investment safety, potential return, lock-in periods, and available investment vehicles, as they greatly influence your portfolio composition and efficiency.
While identifying options that suit your profile and that can generate profit without putting your money at risk is a smart first step, the planning doesn’t stop there. You should also aim to incorporate an instrument that effortlessly balances your wallet and allows you to tailor it to your liking. One of these options is a fixed deposit as it offers generous returns and can be extremely stable, provided you choose the right issuer.
For a better understanding, take the time to learn how a fixed deposit can help you take control of your investment portfolio.
Choose a flexible mandate
A long blocking period can be a deterrent for an investor because it restricts access to the money invested. This is the case with many investment options where your finances are parked for predetermined periods and you do not benefit from any liquidity throughout the term, with exceptions. However, with a fixed deposit, you can invest for a period of your choice and thus align your investment with your goals.
To view the potential gains at different durations, consider the returns offered by Bajaj Finance Fixed Deposit. You can earn interest of up to 8.75% as a senior investor and up to 8.35% as a regular investor, over a term of at least 36 months, with interest payable to the deadline.
Client type: New client
Client type: Senior
Balance the risk of your portfolio
When investing money there is inherent risk with all instruments. This risk is usually higher for high yield market linked investments, making them unsustainable in some cases. However, with a fixed deposit you are guaranteed a return on your investment. Indeed, your deposit is immune to market fluctuations and will earn you the interest promised at the time of investment. Additionally, NBFC FDs are assigned credit ratings from both domestic and international agencies, which means you can rank them and choose the most stable option. In this way, you can control the risk you are willing to take when investing by monitoring your degree of investment in FDs.
Get the liquidity option
Besides the fact that you can withdraw an FD prematurely or take out a loan against it, you can also opt for periodic payments. This is especially useful if you are investing to generate monthly income or supplement your salary. By intelligently staggering your FDs, you can enjoy periodic cash flow without paying a fee or incurring a loss. It is important to note that while DFs provide you with timely access to liquidity, this is not always possible with other instruments that promise high returns, making DFs indispensable to your portfolio.
Make financial planning easier
Taking control of your portfolio also means being able to project your earnings with a certain degree of certainty. Since FDs are unrelated to the market and most reputable issuers have high credibility and stability ratings, you enjoy this privilege over many other investments. This means you don’t have to worry about factors beyond your control, such as a turbulent political scenario or rising oil prices and an economic downturn, to determine your returns. You can use an FD calculator before making an investment to accurately understand how the deposit will add value to your portfolio.
The factors mentioned above show how an FD is not only a successful investment but also helps you take charge of your wallet. So make sure that your investment strategy includes a fixed deposit, such as Bajaj Finance Fixed Deposit. It promises some of the best returns on the market and provides access to a host of value-added features.
Plus, with the MAAA rating from ICRA, FAAA from CRISIL, and BBB from S&P Global, you can rest assured that your money is in good hands and that you will receive timely returns. This FD also has a fast online application process and a low minimum deposit amount of Rs.25,000. This allows you to get started easily and use features like multiple deposit feature and auto-renew feature to increase your income.
These are just a few of the many features that FD offers, and you can take advantage of them right away. All you need to do is fill out an online application form to get help from a representative.
Disclaimer: This content is published by Bajaj Finserv. No HT journalist is involved in the creation of this content.
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