For risk-averse investors, however, the guaranteed returns of FDs can still outweigh the uncertainty of equities.“Potential changes in tax treatment could make FDs more competitive with market instruments, particularly for retirees and those nearing retirement,” he added.
Jain also noted that the government’s focus on promoting the new tax regime might limit the introduction of additional tax-saving schemes for FDs.“The existing 5-year tax-saving FD offers benefits under Section 80C, but we don’t anticipate any major changes in this space,” he said.
While FDs provide stability, experts caution against relying on them exclusively.“We believe recent market volatility won’t make FDs the preferred choice for most investors,” said Rahul Jain, President at Nuvama Wealth.“Instead, market corrections should be viewed as opportunities to increase equity exposure.
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