What factors should I consider beyond interest rates for savings?
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When I'm planning for my daughter's future, should I look beyond just interest rates? I’m wondering if I should also weigh factors like tax certainty and lock-in discipline against the market risks of hybrid funds, to ensure her savings are truly protected.
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Interest rates are just one part of the story. For your daughter’s future, you should also consider tax savings and how easily you can withdraw the money if needed.
Since inflation eats into savings, try a mixed approach: use safe options like SSY or PPF for stability, but consider hybrid funds for better growth. Balancing safety with market-linked returns helps you build a solid fund that actually grows over time.