Is ₹60 lakhs in FD a beneficial idea?
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Investing a huge amount of money in FDs is not a good move from an investment point of view, as it offers safety and guaranteed returns but fails to beat inflation (currently around 4–5%) and may increase your tax liability.
To beat the inflation, it's better to diversify your investment into mutual funds (tax efficient, best for long-term wealth), sovereign gold bonds (SGBs), real estate, or government bonds.
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